Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In this episode, I was a guest on the Wealth Warehouse podcast with Dave Befort and Paul Fugere and also joined by Brandon Goswick and Nate Dean, hosts of Cash Flow Legendz.

These are a few of my inner-circle Authorized IBC Practitioner colleagues who were all in attendance at this year's Infinite Banking Think Tank, hosted by the Nelson Nash Institute in Las Vegas.

In this episode, you'll hear some great insights, highlights, and takeaways from the event by some of my favorite IBC Practitioners.

Wealth Warehouse -- [CAPTIVATE]

Cash Flow Legendz -- [PODBEAN]

Episode Highlights:

(03:00) Nate Dean: The IBC Community's giving nature and importance of the death benefit

(05:00) John Perrings: The challenge and reaffirmation of the IBC brand

(07:00) Plan vs. a lifestyle

(09:00) Brandon Goswick: reflections on the inevitability of death and the practitioner's role in clients' lives

(11:00) The emotional and financial relief that whole life insurance provides to grieving families

(13:00) The importance of genuine connection with clients and the unique assurance whole life insurance offers.

(15:00) Emphasizing the mutual aspect of whole life insurance and the collective benefit it brings.

(19:00) Dave Befort: "I need to increase my premium!"

(21:00) Investment risk vs whole life security

(23:00) The value of adding a 'pause' before accessing policy loans

(27:00) The importance of building a strong financial foundation before pursuing other investments

(29:00 Dave Befort: "Again, I need to pay more premium!"

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In this episode, we get into the essential attitudes that set buyers up to get the most out of their whole life insurance policy.

Not surprisingly, they match up to those needed to practice The Infinite Banking Concept™!

Curiosity and Courage are key drivers to cutting through all the noise in the financial world so that you can have the ultimate control over your financial life and become your own banker.

Episode Highlights:

[01:00] Curiosity and courage as essential mindsets for starting whole life insurance.

[02:00] Overcoming misconceptions about life insurance.

[04:00] Whole life insurance as a distinct asset class and its benefits.

[06:00] Exploring additional benefits of whole life insurance for retirement income.

[08:00] The importance of locking in your insurability and cost basis.

[10:00] The long-term approach and strategic value of whole life insurance.

[12:00] Using whole life insurance for smart leverage and wealth creation.

[14:00] Countering typical financial advice and the value of whole life insurance.

[16:00] The importance of being your own advocate and taking informed action.

[18:00] Clarifying cost basis and the uniqueness of whole life insurance.

[20:00] Real-life impact and the significance of understanding your policy.

[22:00] Misconceptions about policy design and the inherent value of whole life.

[24:00] The role of curiosity and courage in discovering and utilizing whole life insurance.

[26:00] Emphasizing the guaranteed aspect of whole life insurance and its contrast with other financial strategies.

[28:00] No luck required: Whole life insurance as a surefire asset.

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In this week's episode, we compare policy loans from a whole life insurance policy vs. margin loans. When discussing policy loans used with the Infinite Banking Concept™, sometimes people will be dismissive of the strength of policy loans because they have the ability to borrow on margin aginst the value of their stocks.

But policy loans vs margin loans are an apples-to-oranges comparison.

We compare the following:

1. Reliance on third-party credit
2. Loan-to-value (LTV) ratios
3. The typical underlying assumptions used when choosing margin loans

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EPISODE HIGHLIGHTS:

[01:00] Third-Party Risk Discussion

[08:00] Risks of Margin Loans

[09:00] Loan to Value Ratios Explained

[12:00] Control and Safety with Policy Loans

[16:00] Assumptions in Credit Analysis

[21:00] Foundation of Financial Strategies

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In this episode, we talk with Walter Young, co-author of The Fifth Option, about a transformative approach to retirement income planning.

Walter challenges typical retirement planning and the "4% Rule" and offers solutions to live a plentiful retirement based on predictable income.

When you only have one shot at this, cash flow beats "balance sheet" (aka "B.S.") retirement planning every time.

The best part is that if you're practicing IBC, you're already on the right path.

Visit Walter at www.TheFifthOption.com

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EPISODE HIGHLIGHTS:

[02:44] The "B.S." retirement plan and the shift from "balance sheets" to cash flow

[09:48] The desert island dilemma - How long does your water need to last?

[06:45] The Fifth Option - alleviate retirement constraints

[16:14] Pensions and private pensions

[21:14] The role of life insurance

[30:54] Beat the Bear strategy: navigating market volatility in retirement

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

Today's episode is for those spouses looking for ways to get their significant other on board with The Infinite Banking Concept. Let's work together to get some financial harmony in our lives!

As Montoya puts it, IBC is a "common sense test," not an "IQ test." Whole life insurance is just another asset class that happens to be really good at building financial foundations.

So all you and your significant other need are open minds to understand how IBC will put safety, liquidity, and control at your fingertips.

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EPISODE HIGHLIGHTS:

[03:00] Key requisites for spousal agreement on IBC

[06:00] The paramount importance of protection in financial planning

[08:00] Reclassifying what most of us consider "traditional"

[12:00] Real estate and stock market investments vs. IBC safety

[15:00] The principle of financing everything you buy

[18:00] The illusion of FDIC insurance and the reality of bank solvency

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In today's episode, we get into a trend we've observed in the realm of whole life insurance. That is combining whole life with a specific strategy or investment during the buying process.

We explore how the allure of clubs, strategies, and investment groups can sometimes sidetrack individuals from the fundamental principles of IBC, pushing them towards investment-centric strategies that might not align with their initial goals. Our discussion highlights the critical importance of focusing on the core message of becoming your own banker.

Understanding the tradeoffs and risks of prioritizing early cash value, over-leveraging through loans, and over-committing on premium amounts is an absolute must.

Join us as we reinforce the essence of IBC and the significance of building a solid financial foundation for the long term.

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EPISODE HIGHLIGHTS:

[05:00] Discussion on the core message of becoming your own banker.

[12:00] Examination of early cash value and loan maximization.

[16:00] The potential risks of overextending premium amounts.

[21:00] Maintaining the insurable need and protecting family interests is important.

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In episode 92, we will talk about "the banking function," a true revelation by Nelson Nash, and before the release of "Becoming Your Own Banker," unfathomable to the average working man.

Glossing over this core IBC principle can result in missed opportunities to capture the spread as "the bank" between your cost of money and the market interest rate.

So tune in to learn more!

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EPISODE HIGHLIGHTS:

[00:02:00]: Discussion on the problem of traditional banking systems

[00:03:00]: Exploring the need for personal financing solutions

[00:05:00]: How conventional financial advice leads to control issues

[00:06:00]: Addressing the constantly moving goalpost of typical retirement planning

[00:07:00]: "You finance everything you buy"

[00:09:00]: The limitations of cash spending in building wealth

[00:11:00]: Necessity of being strategic with capital

[00:13:00]: How much cash value is needed for personal banking

[00:15:00]: Identifying the financial problem as a foundational step

[00:17:00]: The importance of starting the infinite banking process

[00:19:00]: Shifting focus from investments to becoming your own banker

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In Episode 91, we debunk some of the most common misconceptions perpetuated in the world of financial planning.

Join us as we get into some myths about:

• 401k and IRA deductions
• The sole purpose of life insurance
• Misunderstood commission structures
• The 4% withdrawal rule
• And the traditional 60/40 stock-bond allocation.

EPISODE HIGHLIGHTS:

[00:01:00] - Introduction and discussion on the first myth regarding 401k and IRA contributions and the misconception about tax deductions.

[00:03:00] - Insights on who benefits from investments in qualified plans and the concept of the "lobster trap" in financial planning.

[00:05:00] - Examination of the use of whole life insurance policies for liquidity and control, as opposed to the limitations of 401k plans.

[00:07:00] - Analysis of the perspective on term insurance, its limitations, and the advantages of whole life insurance.

[00:09:00] - Discussion on life insurance policy commissions and their comparison with assets under management fees.

[00:11:00] - Exploration of the 4% withdrawal rule as a retirement strategy and its practical challenges.

[00:13:00] - Explanation of how whole life insurance can enhance the 4% rule for more secure retirement income.

[00:15:00] - Debunking the myth of the 60/40 stock-bond allocation, including challenges faced in the bond market.

[00:17:00] - Argument for using whole life insurance as a risk transfer tool, superior to traditional bond investments.

[00:19:00] - Critique of conventional wisdom around life insurance commissions.

[00:21:00] - Discussion of the real purpose of term insurance and the historical perspective of life insurance sales strategies.

[00:23:00] - Final thoughts on understanding financial planning myths and the value of whole life insurance in a diversified financial strategy.

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In Episode 90, we talk about why whole life insurance is the ultimate cash asset. This episode sheds light on the best places for your money, explores the Economic Value Added nature of whole life insurance, and challenges common misconceptions about its role in financial planning.

Tune in to transform your understanding of whole life insurance from a mere death benefit to the ultimate cash asset that makes everything you're already doing work even better.

EPISODE HIGHLIGHTS:

00:55 Origins of the concept of "Cash"

02:50 Understanding Insurance as a cash asset

03:52 A Growth mindset should take cash into account

04:16 Hidden Benefits of Whole Life Insurance

05:55 The Importance of an Emergency Fund

06:29 Cash and Market Volatility

08:16 The Best Places to Keep Cash

08:48 The Power of Whole Life Insurance for Emergencies

16:04 Infinite Banking 101: You Finance Everything You Buy

18:02 Cash as a Symbol of Freedom

Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.

In episode 89, we explore the secret behind why using whole life insurance for IBC really works.

Using the Law of Large Numbers and the principles of actuarial science, mutual insurance companies, with their thousands of policy-owning stakeholders, hold the key to the benefits of whole life and IBC.

As a policy owner, you're a part-owner of the mutual company. Being an owner of a company is not just about you and what your policy can do for you. It's about you and all the other policy owners working together in a corporate body. It's precisely this that gives whole life insurance its superpowers.

EPISODE HIGHLIGHTS:

01:02 The Role of Mutual Insurance Companies in IBC

02:16 The Unique Benefits of Whole Life Insurance

03:00 The Pitfalls of Self-Centered Approach in IBC

03:44 The Power of Mutual Benefit in IBC

05:16 The Importance of Respecting the Mutual Company and Your Policy

06:58 IBC is a Process, Not a Hack to Bleed Dry

07:38 The Regrets of Not Starting IBC Earlier