Save Yourself Podcast

Unlimit Wealth's Financial Vision

Jordan Cole and Mike Schwallie, the founders of Unlimit Wealth, discuss the driving forces behind the creation of their company and what they aim to offer clients. They emphasize the role of education and trust in achieving financial freedom through the practice of infinite banking, a concept they learned from their mentor, Nelson. The founders highlight Unlimit Wealth’s commitment to building client relationships rather than just conducting transactions. Their plan involves customizing policies for their clients and then continuously serving, adjusting, and coaching clients based on their changing circumstances. Unlimit Wealth also aims to bridge the education and trust gap through sharing client experiences and guided learning. Schwalle and Cole elaborate on their practices, their tailored financial solutions, and their open-minded approach, hoping for their clients to see them as trustable team members to accompany their financial journey.

00:00 Introduction to Unlimit Wealth
00:27 Origins and Purpose of Unlimit Wealth
01:07 Differentiating Unlimit Wealth
04:34 The Importance of Education and Trust
06:18 Client Expectations and Experiences
06:49 The Role of Unlimit Wealth in Client's Financial Decisions
08:53 Adjusting the Approach to Policy
10:25 Unlimit Wealth's Open-Minded Approach
12:24 Conclusion: The Vision of Unlimit Wealth

Strategies on how to achieve Financial Freedom

The 'Save Yourself' podcast, hosted by the founders of Unlimit Wealth, delves into insightful conversations, debates, and strategies that have brought financial freedom to its creators and their clients. In this segment, they discuss how to use investable assets in the stock market and real estate, utilizing insurance policies for wealth accumulation, and approaching legacy planning. They also discuss the importance of being open to new investment methods, even if it means stepping out of traditional boundaries. They stress the need for financial education and discipline for a long-term wealth accumulation strategy. Overall, they offer ideas on how to break free from traditional boundaries to achieve financial freedom.

00:00 Introduction to the Podcast
00:34 Discussion on Investment Strategies
01:02 Understanding the Role of Savings
01:28 Investing in What You Know
02:38 Real Estate Investment Insights
03:41 Impact on Banking Relationships
04:47 Addressing Age Concerns in Investments
08:00 Dealing with Health Issues and Insurance
08:41 Generational Banking and Legacy Planning
12:45 Why Isn't Everyone Practicing Infinite Banking?
16:24 Getting Started with Infinite Banking
20:59 Conclusion and Contact Information

Expanding Financial Resources and Net Worth

In this episode of the 'Save Yourself' podcast, sponsored by Unlimit Wealth, the four founders engage in thought-provoking discussions about uncommon financial strategies. They explore concepts such as infinite banking, using life insurance as part of comprehensive wealth strategy and the benefits of integrating more than one wealth-building avenue. They debunk common objections including the notion about high commissions in life insurance, the perceived mandate to pay into a life insurance policy for a lifetime, and not seeing a need for life insurance when one has high returns in business or other investments. Addressing these, they highlight that their strategic approach is not about replacing tried-and-true methods, but about introducing an additional and beneficial step to diversify, secure and expand one's financial resources and net worth.

00:00 Introduction to the Podcast
00:26 Getting Started: The Team's Greetings
00:33 Addressing Common Objections in the Industry
01:09 Understanding the Role of Life Insurance in Wealth Building
02:36 Transitioning from Expense to Asset
03:44 Comparing Life Insurance to Other Financial Tools
05:46 Debunking the 'Buy Term and Invest the Difference' Myth
06:05 Understanding the Initial Cash Drag in Life Insurance
12:19 The Role of Commissions in Life Insurance
18:12 Comparing Life Insurance to Lines of Credit and Margin Accounts
21:05 Addressing the 'I Don't Need More Life Insurance' Objection
23:33 Understanding the Flexibility of Life Insurance Payments
24:39 Comparing Returns from Life Insurance to Other Investments
30:41 Conclusion and Sign Off

Understanding Whole Life Policies and Infinite Banking Concepts

In this episode of 'Save Yourself' from Unlimit Wealth, founders Jordan Cole, Mike Schwallie and Brad Lowe delve into the key differences between traditional life insurance, whole life policies, and infinite banking policies. They elaborate upon how they structure whole life policies differently with a focus on maximizing cash as opposed to the death benefit. They also dissect the terms like 'base premium', 'paid up rider', and 'modified endowment contract', making it easier for listeners to understand. The discussion then moves onto the strategy to enhance the long-term growth of these policies and their efficient usage in building wealth. Despite differing opinions in the industry, the founders underline their firm belief in their approach, prioritizing the client's ability to always have access to and control over their wealth.

00:00 Introduction to the Podcast
00:34 Understanding Traditional Life Insurance Policies
01:11 The Concept of Infinite Banking
01:43 Structuring Whole Life Insurance Policies
03:57 The Importance of Paid Up Rider
05:56 The Long-Term Benefits of Efficient Policy Structure
09:03 Understanding the Modified Endowment Contract Rule
10:38 The Philosophy of Infinite Banking
13:24 Conclusion and Sign Off

How to EASILY Use Financial Tools to Mange Your Wealth

Welcome back to another season of the Save Yourself Podcast!

In this episode of 'Save Yourself' podcast, the four founders of Unlimit Wealth address common queries and misconceptions regarding financial planning and wealth building. Covering topics from viewing insurance cash value as an expense to the intricacies of policy loans, they offer insights into the strategic thinking that helped them achieve financial freedom. They discuss tax advantages of different policies and highlight the power of control over one's financial planning versus relying solely on traditional tenets. They also delve into direct versus non direct recognition and the possibilities of overtaking traditional lines of credit. By highlighting the often overlooked details of navigating financial tools, they aim to empower listeners to surpass traditional boundaries and effectively manage their wealth.

00:00 Introduction to the Podcast
00:48 Discussion on Life Insurance Cash Value
06:40 Understanding Policy Loans
12:12 Tax Advantages of the Policy
15:00 Direct vs Non-Direct Recognition
19:05 Overcoming Traditional Line of Credit
23:36 Conclusion and Contact Information

In episode eight of the 'Save Yourself' podcast by Unlimit Wealth, the four founders deal with the question of 'what now?' for their listeners. They emphasize the importance of self-education and dive deeper into how their strategies go way beyond just infinite banking. They also discuss the ideal candidates who can benefit from their strategies, including those with underperforming lump sum money, high income earners with excess cash flow, real estate investors, entrepreneurs, business owners, and people receiving inheritance or moving properties. Moreover, people who hold large inventory like trucks or equipment can also opt for this strategy. Furthermore, they dictate that neither age nor health can restrict one from participating in their plan. They advise their audience to visit UnlimitWealth.com for more resources and tools.

00:00 Introduction to the Podcast
00:40 Understanding the Importance of Financial Education
01:36 Identifying the Right Time to Start
02:11 Exploring Different Scenarios for Financial Planning
03:08 The Power of Infinite Banking
08:23 Strategies for Business Owners
09:52 The Process of Getting Started with Unlimit Wealth
10:46 Addressing Concerns about Health and Age
12:13 Conclusion and Contact Information

Exploring Wealth Management: Accessing Capital from Life Insurance Contracts

In episode seven of the Save Yourself Podcast, the founders of Unlimit Wealth delve into the details of accessing capital stored in a dividend-paying whole life insurance contract through a mutual company. They explore two main methods: policy loans and money withdrawals. The former strategy allows for continuous value appreciation, using the cash as collateral for loans from the life insurance firm while the cash value remains in accounts to grow. The latter method, withdrawing money, means those funds no longer contribute to compounding growth. They also touch on leveraging dividends for enhanced growth. Finally, they debunk misconceptions about borrowing from life insurance, emphasizing that it involves borrowing the insurance company's money against the contract holder's cash value to maintain its tax-advantaged growth.

00:00 Introduction to the Podcast
00:32 Understanding Infinite Banking
00:50 Accessing Capital: Policy Loans and Dividends
01:49 Accessing Capital: Withdrawals
02:01 The Impact of Loans and Withdrawals on Compounding
02:14 Strategies for Accessing Capital in Retirement
02:55 Understanding the Two Main Ways to Access Cash in a Whole Life Contract
03:32 The Advantages of Taking a Loan from the Life Insurance Company
04:24 Understanding the Importance of Dollar Amount vs. Interest Rate
04:39 The Benefits of Borrowing Against a Life Insurance Contract
04:58 The Emotional Aspect of Financial Decisions
05:14 Understanding the Risks and Benefits of Paying Off a Home Mortgage
06:28 What Happens When You Die with an Outstanding Loan
07:36 Understanding the Concept of Risk-Free Loans in Life Insurance
08:33 Debunking Misconceptions about Borrowing from a Life Insurance Company
09:21 Conclusion: The Two Main Ways to Access Money from a Life Insurance Contract
09:53 Podcast Wrap-up and Contact Information

Unlimiting Wealth: The Spender-Saver Conversation

In Episode 6 of Save Yourself podcast, brought to you by Unlimit Wealth, founders Mike Schwallie and Jordan Cole introduce the concept of a ‘spender-saver’, opening up a new perspective on personal finance. The hosts share personal experiences and use real-life scenarios to illustrate how leveraging cash can lead to greater financial freedom. They discuss the idea of using 'Infinite Banking', a strategy where the flow of one's income is redirected to pay off debt and simultaneously build wealth. The primary objective is to educate viewers about alternate ways of wealth accumulation, presenting traditional 'savers’ and 'spenders’ with a potential third method that can significantly enhance their overall return.

00:00 Introduction to the Podcast
00:30 The Concept of Spender Saver
01:03 Personal Experience with the Spender Saver Concept
01:19 Understanding the Spender Saver Concept
02:51 The Impact of the Spender Saver Concept on Personal Finances
05:41 The Power of Infinite Banking
07:19 Real Life Application of Infinite Banking
08:26 The Benefits of Infinite Banking
15:50 Conclusion and Final Thoughts

Don't Put Your Money in Savings... Do This Instead!

In this episode of the Save Yourself Podcast by Unlimit Wealth, the four founders discuss their financial strategies for attaining financial freedom for themselves and their clients. They propose thinking of capital as inventory that has to be stored strategically and discuss the benefits of keeping money in properly structured, dividend-paying, participating whole life insurance as a 'distribution center.' This strategy enables continuous compounding of capital in a tax-friendly environment while providing a line of credit. It's likened to the operation of a warehouse or distribution center in a business model, where goods (capital) are kept for eventual profitable distribution. The conversation also touches on leveraging the savings by borrowing against the insurance policy and the importance of compounding.

00:00 Introduction to the Podcast
00:30 Understanding the Concept of Capital Residency
01:21 Relating Money to Inventory
02:34 The Concept of a Distribution Center for Your Money
03:09 The Benefits of Infinite Banking
03:47 The Analogy of a Distribution Center
09:21 Understanding the Importance of Compounding
10:15 Leveraging Savings and Borrowing Against Life Insurance
12:32 The Value of Having More Options
13:59 Conclusion and Wrap Up

Understanding the Difference Between Savings and Investments

In this episode of Save Yourself Podcast, the four founders of Unlimit Wealth discuss the key differences between savings and investments. They highlight that savings is money that can't be lost and is often needed for immediate or short-term needs such as a future purchase or a vacation. On the other hand, investment is money that is exposed to some risk for a higher return. The hosts stress the importance of not intermingling the two terms and advise that excess savings should be created before investing. The conversation also sheds light on how most financial advisors focus on the investment part due to the commissions they get, often neglecting the bigger bucket of savings. To conclude, they underscore the importance of placing savings in something predictable and guaranteed as it gives more options and opportunities for sound investments in the future.

00:00 Introduction to the Podcast
00:32 The Difference Between Savings and Investments
01:56 Misconceptions in the Financial Advisory World
02:16 The Importance of Excess Savings
02:35 Understanding the Flow of Investments from Savings
02:47 The Role of Savings in Financial Planning
08:53 The Impact of Savings on Investment Risk
11:24 The Importance of Segregating Savings from Investments
13:49 Closing Remarks and Contact Information