Episode 19: IBC Stories - Melissa

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, the guys welcome Melissa!  Melissa owns a marketing business that helps people define their mission and then communicate that mission in a way that is impactful and actionable.  Melissa was instrumental in helping the guys launch the IBC Guys podcast.  In doing so, she heard the guys’ story and learned about IBC, eventually leading her to secure her own policy.  Melissa is relatively new to IBC so, if you have been wanting to hear about IBC from the perspective of fresh eyes, this is the episode for you!

Mike, Dave, and Melissa talk through:

In this episode, Dave cancels the podcast, Mike asks the world’s longest question, and Melissa has micro-conversations outside of a dugout.  If you have been waiting to hear someone’s thoughts who is newer to the process, this is the episode for you!

Key takeaway: Melissa believes IBC allows one to take control of one’s finances, reversing the money flowing away from one’s family and, in turn, watching that same money come back to one’s family over time.

Resources Mentioned:

Melissa’s Website: https://melissaleahughes.com/

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 18: Mike’s IBC Story

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Mike tells his IBC story!  It’s been too long coming, but this is the episode for which everyone has been waiting!

Mike and Dave talk through:

Mike gets mad, Dave reveals that the IBC Guys has (maybe) millions of listeners, and they unashamedly ask for listeners to email Mike.  If you have been wanting to get to know Mike a bit better, this is the episode for you!

Key takeaway: Mike has a sincere desire to help others in navigating the IBC concepts and process.

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 17: What is IBC? V. 2 Part 2 - "HOW?!"

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Mike and Dave work to explain one key question often asked when talking through the ‘Purchasing a Truck’ example: “HOW does the money run through your IBC policy come back to your family?”

Mike and Dave talk through:

We try to convince Mike to drink coffee, Dave messes everything up, and the guys work to show how IBC grows your money while you use it as you would have anyway.  If you have wondered “HOW?!,” this podcast is a can’t miss!

Key takeaway: The mechanics of the IBC policy provide a return on money one is going to spend anyway. 

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 16: What is IBC? V. 2

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Mike and Dave once again tackle the question “What is the Infinite Banking Concept?”  Using similar examples said a different way, the guys work to answer the question that is asked of them the most. 

Mike and Dave talk through:

Mike is chopping down trees, Dave makes up words, and the guys take some time to start at the beginning.  If you want to listen to the same thing stated a different way, don’t miss this episode!

Key takeaway: IBC is a cash flow system that monetizes money you're already spending. 

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 15: IBC Stories - Jonathan and Carissa

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Mike is away to spend time with family, but Dave is joined by Jonathan and Carissa to hear their IBC story.  

Jonathan and Carissa talk through:

Dave, Jonathan, and Carissa have a few laughs, talk IBC books, and reminisce a bit.  If you’re interested in hearing people just like you talk about IBC, don’t miss this episode!

Key takeaway: IBC is for everyone and every situation.  

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 14: IBC Definitions

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Dave and Mike take a step back to unpack some of the key terms that often confuse folks new to Infinite Banking. If you've ever felt like IBC conversations sound like a foreign language, you're not alone—and this episode is here to help.

They break down:

They also throw in a few laughs, a surprise puppy story, and invite listeners to share their thoughts and questions. Whether you're just starting to explore Infinite Banking or need a refresher, this episode lays the groundwork. 

Key takeaway: Infinite Banking is the best way to build legacy wealth, but the vocabulary is often new to people.  Mike and Dave break down some key words in an effort to bring common understanding to some common but unique IBC terms. 

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 13: Do I Really Have to Pay Myself Back? – IBC Misconceptions

Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle one of the biggest misconceptions about the Infinite Banking Concept (IBC): Do I really have to pay myself back?

We hear this question all the time. When you take a loan from your policy, do you have to pay it back? The short answer? No—but the real question is, why wouldn’t you? Today, we break down the mechanics of policy loans, how they work, and why repaying yourself actually benefits you in the long run.

Here’s what we cover in this episode:

✅ The truth about policy loans—are you borrowing your money?

✅ Why the loan isn’t a withdrawal and how it keeps your cash value growing

✅ The power of uninterrupted compound growth 

✅ What happens if you never pay back a policy loan 

✅ Real-life examples of using policy loans strategically

We also debunk common myths surrounding IBC and explain why treating your policy loan repayments like a structured banking system puts you in control of your financial future.

Key takeaway: Infinite Banking is all about control and flexibility. You’re not required to pay yourself back—but smart IBC practitioners understand that doing so keeps their system running smoothly, ensuring they always have access to capital when they need it.

Resources Mentioned:

📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 12: IBC and The Golden Goose

Welcome back to The IBC Guys Podcast! In this episode, we (Mike and Dave) dive deep into a powerful analogy—IBC and The Golden Goose—to help you understand how the Infinite Banking Concept (IBC) can transform your financial future.

You’ve probably heard the fable of the golden goose that lays golden eggs. But what if we told you that your financial system could work the same way? Instead of chasing short-term gains or relying on banks to control your money, what if you could build a system that keeps generating wealth for you—just like that golden goose?

Here’s what we cover in this episode:

✅ The Power of Keeping Control – Why most people hand over control of their money and how IBC lets you be the banker. 

✅ Golden Eggs vs. The Goose – The difference between chasing returns and creating a system that pays you over and over again. 

✅ How IBC Works in Real Life – Practical examples of how using a properly structured whole life policy allows you to finance your own needs, from buying cars to funding investments. 

✅ Breaking Free from Traditional Banking – Why relying on traditional loans and credit can keep you trapped in a cycle of financial dependency. 

✅ The Long-Term Mindset – Understanding that IBC isn’t a get-rich-quick scheme, but a proven method to build lasting wealth.

If you’re tired of being at the mercy of banks and lenders, this episode is for you. We break down complex concepts into real-world strategies so you can start thinking differently about your money.

🎧 Tune in now and discover how you can build your own golden goose with IBC!

Resources Mentioned:

 📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom #GoldenGoose

Episode 11: Part 2 - Using IBC to Buy a Car

Hey everyone — welcome back to The IBC Guys Podcast! If you caught Part 1 last week, you know we started breaking down how to buy a car using the Infinite Banking Concept (IBC). Well, today, we’re rolling up our sleeves and getting into the weeds.

🚘 Part 1 Recap: We walked through Nelson Nash’s example from his book, comparing buying a car with a Certificate of Deposit (CD) versus using an IBC policy. Spoiler alert — the IBC method starts slower but wins big in the long run. Today, we’re tackling why that happens and how to make sense of the numbers.

👉 Three Big Reasons We Do This Podcast:

🔍 Breaking Down the Numbers: We walk through Nelson’s chart, comparing Method D (a traditional CD) and Method E (IBC). In year 1, the CD looks better — $5,200 vs. $1,933 in cash value. But the IBC policy comes with a death benefit — nearly $478,000 from day one. That’s a game-changer for your family.

Fast forward to year 7: the CD sister has $41,000, the IBC sister has $36,000. Looks like the CD wins, right? But — and it’s a big one — the IBC policy now holds over $571,000 in death benefit. If something happens, her family gets that. Meanwhile, the CD sister leaves behind $41,000 (maybe less after taxes). Which legacy would you rather leave?

📌 Long-Term Vision: By year 15, the IBC policy pulls ahead in cash value too — $705,000 more than the CD by retirement age. It’s not about quick wins; it’s about the marathon. Are you okay trading $5,000 upfront for $700,000+ down the road? We’d say yes.

💡 It’s Not About the Numbers — It’s About the System:

Resources Mentioned:

 📩 Email: [email protected] | [email protected]

📞 Call: 507-205-2284

📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min

📱 Follow us on social media: 

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

Episode 11: Part 1 - Using IBC to Buy a Car

Welcome back to The IBC Guys Podcast! Mike and Dave are tackling a big one today — Using IBC to Buy a Car — and this is just Part 1 of a two-part series.

In this episode, we’re breaking down Nelson Nash’s book Becoming Your Own Banker. He lays out five ways to finance a car: leasing, bank loans, paying cash, using a Certificate of Deposit (CD), and using an IBC policy. We’re focusing on the last three — because they keep you in control of your money.

Let’s talk numbers. If you save $35,000 and buy a $10,550 car every four years for 44 years, you’ll end up with $52,270 using cash. With a CD (earning 5.5% interest), you’d have $259,000. But with an IBC policy? You’d have $964,000 — that’s $705,000 more than the CD.

The kicker? With IBC, you can pull $50,000 a year in passive income — for the rest of your life — and still leave $1.36 million to your loved ones. Your money keeps growing, even while you’re using it.

✨ Key Takeaways:

Part 2 is coming up — we’ll dive into why IBC looks “slower” early on and what’s really happening behind the scenes. See you there!

Resources Mentioned:

 📩 Email: [email protected] | [email protected]

Dave’s Facebook: https://www.facebook.com/dave.parmerlee

Dave’s Instagram: https://www.instagram.com/dave_ibcguys/

Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/

Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545

Mike’s Instagram: https://www.instagram.com/mike_ibcguys/

Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/

🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!