David was born and raised in Colombia, South America. He has lived in the United States since 2006, where he built a twelve-year career as an aviation engineer in corporate America. Since founding the Infinite Banking Concept (IBC), David has been committed to sharing the value of controlling the banking function for business owners and families. Nelson Nash, the author of Becoming Your Own Banker, coined the concept "Infinite" because it allows individuals to define their lives through financial freedom and control. Through IBC, David has recaptured non-productive debt, financed his lifestyle, and grown his investment portfolio more efficiently. IBC is for everyone willing to educate themselves about the Mindset, Processes, and Products required to build a Privatized Banking system. David's ideal clients are open to thinking creatively and are eager to take ownership of their financial vision.
In this episode, Chad welcomes David back to the show to discuss how important it is to have a plan for deploying your money, whether that be saving it, investing it, or speculating. They discuss how different types of investors behave and how to deploy your money in a way that is most advantageous to you. They also touch on the topic of fractional reserve banking and how You can be proactive in protecting yourself from future risks.
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[00:00 - 03:41] Opening Segment
- Welcoming David Zapata back to the show
- Listen to episodes 10 and 15 if you haven’t yet!
- What has been going on in David’s life since Chad last talked to him?
- Building a life of abundance
[03:42 - 14:43] The Infinite Banking Concept
- David talks about how controlling the banking system can help you grow your wealth
- David shares some practical applications of the infinite banking concept for real estate investors
- How being aware of three things can help you win the money game
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- Focusing on how much you save
- Where do you save it?
- Focusing on cash flow
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- The key to success in real estate is having access to capital, which can be achieved through banking
- Banks lay a foundation for where they put money, and this allows for greater control over risk and liquidity.
- Real estate investors should also get into the business of banking to have greater control over their finances
[14:44 - 35:05] Examples of Infinite Banking and How to Control Appreciation and Capitalization
- Becoming Your Own Banker by Nelson Nash
- You want to get in a game where you can control appreciation and you can control the terms
- The key to success in real estate investing is controlling your own money and having an efficient cash flow so you can deploy money at the best possible rate
- One way to control your own money and improve your cash flow is to have a second mortgage against your death benefit or life insurance policy
- By borrowing against the insurance company, you can control the banking function and avoid interrupting the compounding of your own money
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- This results in a higher rate of return and improved quality of risk profile
- The most important thing is to capitalize the more you can, as this will give you access to opportunities that you would not be able to otherwise
[35:06 - 36:55] Closing Segment
- See the links below to connect with David
- Final words
Quotes:
“Money that flows through us as a river versus sitting on a tank waiting for one day to take cuffs and hopefully not running out of water before you die is the key to winning the money game.” - David Zapata
“If you want to succeed in business in general, also get in the business of banking.” - David Zapata
“The more I am in the arena, the more I learn and the more my perspective changes.” - David Zapata
Connect with David through LinkedIn, Facebook, or visit https://factumfinancial.ac-page.com/red-pill-page-0-david.
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.