The IBC Guys

By daveibcguys

Dave and Mike, the IBC Guys, talk anything and everything related to the Infinite Banking Concept!... more

· Business

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2323 ratings

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FAQs about The IBC Guys:

How many episodes does The IBC Guys have?

The podcast currently has 31 episodes available.

The IBC Guys episodes:

March 11, 2025How to Use IBC in Purchasing Real Estate
Episode 10: How to Use IBC in Purchasing Real Estate

Welcome back to another episode of The IBC Guys Podcast! In today’s episode, we’re diving into an exciting and practical topic—how to leverage the Infinite Banking Concept (IBC) to purchase real estate. Whether you’re a seasoned investor or just getting started, this episode will show you how to use your IBC policy as a powerful tool to fund real estate investments and build long-term wealth.

Mike shares his personal experience in using IBC to purchase properties and walks us through the step-by-step process of putting an IBC-backed real estate investment strategy into action. We’ll break down the numbers, explain key terms, and demonstrate how this method creates a self-sustaining cash flow system over time.

Key Takeaways:
Why use IBC for real estate? Learn how an IBC policy can serve as a banking system, allowing you to control and leverage your own capital.
Step-by-step breakdown: Mike walks us through an example of using a $100,000 policy to acquire $2.4 million in real estate over four years.
Cash flow strategy: How to ensure a 25% cash-on-cash return while keeping control of your assets.
Double-dipping explained: Your money earns a return inside your IBC policy while being used to generate real estate income.
Common misconceptions: Addressing the biggest myths about IBC and real estate investing.

Join the Conversation: We love hearing from our listeners! Got questions about today’s episode? Send Mike an Instagram message (it’ll make his day!). Or better yet, give us a call—we’re always happy to chat about IBC, real estate, and how you can use this strategy to your advantage.

Next Episode Preview: If you thought this was exciting, just wait until our next episode! We’ll be breaking down how to use IBC for business financing—another game-changer you won’t want to miss.

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!
...more
39min
March 04, 2025Dave’s IBC Story
Episode 9: Dave’s IBC Story
Episode Summary:
Welcome back to another episode of The IBC Guys Podcast! In this episode, we’re switching things up a bit as Dave shares his personal journey into the Infinite Banking Concept (IBC). From his early days as an educator to becoming a full-time entrepreneur, Dave walks through his path, his skepticism, and the pivotal moment that changed his financial mindset.

We also dive into how Dave and his wife transitioned from W2 jobs to running a land business, how they structure their finances using IBC, and the powerful benefits of filtering their cash flow through their policies. Plus, we share some fun stories—including a surprise appearance from Earl the Chicken!
If you’ve ever wondered how someone makes the leap into IBC or if you’re skeptical yourself, this episode is a must-listen.

Key Takeaways:
Why we started this podcast: To educate, be available for questions, and build a community.
Dave’s background in education and the transition into entrepreneurship.
The initial skepticism about IBC and how he moved past it.
How Dave and his family use IBC to run their land business.
The lightbulb moment that made IBC click.
Real-life examples of how Dave’s family benefits from IBC—including funding braces instead of using a 529 plan.
Why every person should consider IBC as part of their financial strategy.

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/

If you found value in today’s episode, please like, share, and subscribe. Your support helps us reach more people who can benefit from IBC. Let’s keep the conversation going!
...more
28min
February 25, 2025Good Debt vs. Bad Debt
Episode 8: Good Debt vs. Bad Debt – How IBC Fits Into the Equation

Welcome to The IBC Guys Podcast!
In this episode, we (Mike and Dave) dive into a topic that’s often misunderstood—good debt vs. bad debt. Plus, we explore how the Infinite Banking Concept (IBC) can help you transform liabilities into assets and take control of your financial future.

What We Cover in This Episode:
A fun backstory about Mike’s legendary $15 sport coat—yes, really!
The difference between good debt and bad debt, and why understanding this distinction is crucial for your financial success.
The simple definition of assets vs. liabilities and why most people get this backward.
How banks make money off of you—and how you can flip the script using IBC.
A real-world example of how we use IBC to turn a liability (like a truck loan) into an asset.
Why becoming your own banker is the #1 financial move you can make for yourself and your family.
The power of leverage—how good debt can fuel growth while bad debt holds you back.

Key Takeaways:
Good debt is used to acquire assets that generate income. Bad debt drains your wealth.
Banks have mastered the art of making money off your money—it’s time to take that power back!
IBC allows you to finance major expenses yourself while keeping the interest and control in your hands.
Getting started is key! You don’t have to fully understand everything right away—just take the first step.

Want to Learn More? Let’s Talk! We’re passionate about helping you implement IBC in a way that fits your life. Whether you have questions about where to start or how this applies to your financial goals, reach out to us:
📩 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 like, subscribe, and share this episode with someone who needs to hear it! The more people understand IBC, the more financial freedom they can achieve.
Until next time, keep learning, keep growing, and start thinking like a banker!
– Mike & Dave, The IBC Guys
...more
26min
February 18, 2025Family Banking Legacy
Episode 7: Family Banking Legacy – How to Keep Wealth for Generations

Welcome back to another episode of The IBC Guys Podcast! We’re Dave and Mike, and today we’re diving into a topic that’s close to our hearts—family banking and building a lasting financial legacy.

What We Covered in This Episode:
Why generational wealth disappears – Ever heard the phrase “Shirt sleeves to shirt sleeves in three generations”? We break down why 70% of wealth is lost by the second generation and 98% is gone by the third—and more importantly, how to stop that from happening to your family.
The financial literacy gap – Most parents don’t believe their kids are prepared to handle an inheritance. We discuss why financial education is key to ensuring wealth lasts.
Biblical wisdom on legacy – We highlight Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” It’s not just about leaving money; it’s about leaving knowledge, values, and a system that sustains wealth.
How Infinite Banking helps – IBC isn’t just about life insurance; it’s about rerouting the money you’re already spending back into your family’s financial system.
Real-life examples – We share how we’re setting up policies for our own kids, teaching them how to use their policies while they’re young so they have a foundation for financial success.
The Rockefeller vs. Vanderbilt approach – Why one family built a multi-generational empire and the other lost it all—and what you can learn from them.

Take Action – What You Can Do Today:
Start now. The best time to plant a tree was 20 years ago. The second-best time is today. Whether it’s a small policy or a full system, just get started.
Educate your family. Teaching your kids financial literacy is just as important as leaving them money.
Connect with us. We’re here to guide you every step of the way. If you have questions about how to set up your own Family Banking System, reach out!

📅 Schedule a Call with Us: https://calendly.com/dave-familybankingsolutions/30min
📧 Email Us: [email protected] | [email protected]
📞 Call Us: 507-205-2284
📲 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/

We love hearing from you—send us your questions, share this episode with a friend, and let’s build financial legacies that last for generations.
Thanks for tuning in! See you next time on The IBC Guys Podcast!
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35min
February 11, 2025How Much Does an IBC Policy Cost?
Episode 6: How Much Does an IBC Policy Cost?

Welcome back to The IBC Guys Podcast! In this episode, we’re tackling one of the most common questions we get: How much does an Infinite Banking Concept (IBC) policy cost?

The answer? It depends! There’s no fixed minimum or maximum amount—you can start with what works for you. We’ll break down how IBC policies work, what factors influence cost, and how you can start building your banking system today.

Key Takeaways:
No Set Cost – Think of an IBC policy like a savings account. You contribute what fits your financial situation, whether that’s $150/month or $10,000/year.
Minimum Death Benefit Requirement – Your policy is tied to a life insurance contract, so your age and health determine the required minimum.
Consistency Matters – Whatever amount you commit to, whether monthly or annually, needs to stay the same each year.
You Can Expand Later – Want to contribute more? Instead of increasing an existing policy, you simply open a new one.

We also share a real-life example of how a young business owner is using his IBC policy to pay his cell phone bill—while simultaneously building legacy wealth!

Reach out to us, for a free consultation to see how IBC fits into your current financial situation. We’re here to help!

Schedule a call now by clicking this calendar link: https://calendly.com/dave-familybankingsolutions/30min
or call/text us directly at 507-205-2284

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
10min
February 04, 2025Savings vs. Investing & Where IBC Fits In
Episode 5: Savings vs. Investing & Where IBC Fits In

Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle a common question: What’s the difference between saving and investing, and where does Infinite Banking (IBC) fit in? We break down the definitions of saving and investing, discuss how most people confuse the two, and explain why IBC is neither—it’s a cash flow system that helps you recapture money you’re already spending.

We also play a quick game of "Is it Saving or Investing?" to challenge the way you think about your money. Plus, we share real-life examples of how people are using IBC to redirect everyday expenses—like groceries, mortgage payments, and even cell phone bills—back into their own financial system.

If you've ever wondered, "Is IBC a good investment?" this episode is for you. Spoiler: IBC is not an investment, and we explain why that’s actually a great thing.

What You’ll Learn in This Episode:
The true difference between saving and investing
Why most people mistakenly think their retirement accounts are savings
How IBC helps you recapture money that would otherwise leave your household forever
Why your truck payment, mortgage, and even grocery bill are already part of your financial picture—and how IBC can optimize them
How to shift your mindset from investment-focused to cash flow-focused

Key Quotes:
“IBC is not an investment. It’s a cash flow system that helps you retain more of the money you already spend.”
“You’re not going to take your mortgage payment and put it into the stock market. So why not put it into IBC first and gain control over that cash flow?”
“What’s the rate of return on your grocery bill? Zero. But with IBC, that money stays in your system and continues to work for you.”

Reach out to us, for a free consultation to see how IBC fits into your current financial situation. We’re here to help!

Schedule a call now by clicking this calendar link: https://calendly.com/dave-familybankingsolutions/30min
or call/text us directly at 507-205-2284

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
29min
January 28, 2025How Banks Are Stealing Your Wealth
Episode 4: How Banks Are Stealing Your Wealth

Welcome to the fifth episode of The IBC Guys! Today, Mike and Dave reveal how banks profit from your hard-earned money and share how you can take back control using the Infinite Banking Concept (IBC).

In This Episode:
How Banks Work: Learn how banks turn your deposits into massive profits through fractional reserve banking.
Impact on Families: Understand how traditional banking methods drain wealth from your family.
IBC Explained: Discover how IBC helps you grow and keep your money within your family’s financial system.
Real-Life Benefits: See how you can finance purchases like vehicles while retaining wealth over the long term.
Key Takeaways:
Start small—you can begin building your banking system with as little as $50/month.
Everything you run through IBC stays with your family, growing wealth for generations.

Reach out to us, for a free consultation to see how IBC fits into your current financial situation. We’re here to help!

Schedule a call now by clicking this calendar link: https://calendly.com/dave-familybankingsolutions/30min
or call/text us directly at 507-205-2284

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
37min
January 21, 2025What is Financial Cancer and Do You Have It?
Episode 3: What is Financial Cancer and Do You Have It?

Welcome back to our podcast show! We’re Mike and Dave, and this is our third episode. Today, we’re diving into a shocking reality: the average American is paying 34.5% of their income in interest. That’s right, over a third of your hard-earned money is going to someone else.

In this episode, we’ll cover three key things:
Identify how this is happening: Where is all this interest coming from, and how did it become such a massive burden on families?
Expose how the system makes it happen: We’ll break down how the banking and financial systems are designed to keep you in this cycle.
Discuss how Infinite Banking (IBC) reverses the flow of money: IBC is a strategy that can help you keep more of your money within your family instead of sending it out to banks and lenders.

Let’s stop the trend of letting 34.5% of your income leave your family—it’s time to take control.
Looking ahead to our next episode, we’ll be talking about:
What financial cancer is: This is the silent drain on your finances that most people don’t even realize is happening.
How IBC can reverse that flow of money: We’ll explain how you can turn the tables and make your money work for you.

Here’s something to think about before the next episode: How is the banking system making money off your family? And is IBC a viable option for you to reverse the flow of money? Spoiler alert: the answer is always “Yes.”

Got questions? Want to learn how IBC can fit into your life? Email us, Mike or Dave, and we’ll help you figure out how to make this system work for your family. You don’t have to keep letting the banking system take a third of your income—we’re here to help you take it back.

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
19min
January 14, 2025Whole Life Insurance vs. Term Insurance
Episode 2: Whole Life Insurance vs. Term Insurance

"Buy Term and Invest the Rest." You’ve probably heard this phrase before, but have you ever stopped to ask: Are the people saying it telling you the truth?Or better yet, are they telling you the entire truth?

In this episode, we’re diving deep into the topic of Whole Life insurance. We’ll compare Whole Life to Term insurance and break down the role Whole Life plays in the Infinite Banking Concept (IBC). Spoiler alert: Whole Life insurance isn’t just another policy—it’s the ultimate tool for leveraging IBC. If you’re not using this concept, you might be letting money slip right through your fingers.

We’ll also tackle some important questions:
Are the "talking heads" really giving you the full picture?
Could they have a vested interest in pushing Term Insurance, even though less than 2% of those policies ever pay out?

Don’t just take our word for it—do your own research! And if you still have questions, we’d love to hear from you. Call us, Dave or Mike, and we’ll help you navigate through it all.

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
21min
January 06, 2025What is IBC?
Episode 1: Introduction to the Infinite Banking Concept

Welcome to the very first episode of The IBC Guys podcast with Mike and Dave!

Most people have never heard of the Infinite Banking Concept (IBC), but we’re here to change that. Every day, families are losing the opportunity to re-capture money that’s flowing away.

In this episode, we’ll give you a simple and practical overview of IBC and explain how we use it in our everyday lives. Whether you’re just hearing about this for the first time or you’re ready to dig deeper, this is the perfect starting point.

Take action! Research how IBC can benefit your family for generations. And if you have any questions, don’t hesitate to reach out to us directly—we’re here to help you take control of your financial future.

Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:

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/
...more
30min

FAQs about The IBC Guys:

How many episodes does The IBC Guys have?

The podcast currently has 31 episodes available.

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