Thinking Like a Bank

Thinking Like a Bank

By Sarry IbrahimBusinessEntrepreneurship
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Thinking Like a Bank episodes

  • Episode 75: What is a Bank On Yourself ® Professional? With Mark Willis, CFP ®

    Mark is a CERTIFIED FINANCIAL PLANNER™, a three-time #1 Best Selling Author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. As co-host of the Not Your Average Financial Podcast™, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and create tax-free income in retirement.

    This episode talks about:

    • The importance of working with a certified Bank On Yourself ® Professional.
    • What is a Bank On Yourself ® Professional?
    • What does it take to become a Bank On Yourself ® Professional?
    • What makes a dividend paying whole life policy “properly structured”?
    • Cash value whole life insurance vs. indexed universal life Insurance?
    • What are the disadvantages of Indexed universal life insurance?
    • What is annual renewable term (ART) insurance and how does this impact the growth of your cash value?
    • The benefits of a dividend-paying whole life insurance policy structured the Bank On Yourself ® way.
    • Borrowing against your cash value and why this helps you retain your wealth
    • What is Arbitrage?
    • Learn to grow the same money in multiple places

      • To connect with Mark Willis and learn more about becoming a Bank On Yourself Professionals, please visit:

      👉Website:➡️https://lakegrowth.com/

      👉Linkedin: ➡️https://www.linkedin.com/in/marklakegrowth

      👉Facebook: ➡️https://www.facebook.com/lakegrowth

      👉Twitter: ➡️https://twitter.com/LakeGrowth

      👉Instagram: ➡️https://www.instagram.com/notyouraveragefinancia/

      👉YouTube:➡️https://www.youtube.com/channel/UCw-DvhKT2EaPFdncLy39LIQ

      👉Not Your Average Financial Podcast: ➡️https://nyafinancialpodcast.com/

      👉Book: 📚 Amazon: Mark Willis Book

      👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

      👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

      📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

      🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

      31 min
    • Episode 74: Digitizing Your Business with Matthew Shields

      Matthew Shields is a self-taught entrepreneur, real estate investor, author, and podcast host. He has a great passion for business which led him to founding Virtus Technology, a digital transformation company, and Virtus Property Group, a multifamily investment company.

      He also co-founded Significant Lifestyle Communities, his 2nd multifamily investment/property management company. Matt is the host of The Secret Sauce Podcast.

      This episode talks about:

      • Who is Virtus Technology and how do they help businesses with digitization?
      • What does it mean to digitize a company?
      • How do companies benefit from digitalization?
      • Matt’s background in real estate investing and syndication.
      • Differences between raising capital from accredited vs non-accredited investors
      • The impact of a recession on the housing market.
      • How does multifamily real estate react to inflation?
      • Why is multifamily a great hedge against inflation?
      • The advantages of investing in real estate (compared to other assets) .
      • Leveraging real estate assets for other investments and businesses

        • To connect with Matthew Shields, please visit:

        👉Linkedin ➡️ https://www.linkedin.com/in/matthewshields/

        👉Twitter ➡️https://twitter.com/PassSecretSauce

        👉Email 📧[email protected]

        👉Podcast ➡️The Secret Sauce Podcast

        👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

        👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

        📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

        🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation

        22 min
      • Episode 73: Launching a Multi-Million Dollar App from Nothing with Guillaume Portalier

        Today we have the Co-Founder and Chief Operating Officer of Waalaxy, Guillaume Portalier. He went from $0 to $6M ARR, from 0 to 10k clients worldwide, and from 4 to 30 people, in less than 3 years. Guillaume is passionate about growth & entrepreneurship.

        If you're interested in growing your business using LinkedIn, and or starting a tech company, Then you'll get a lot of value out of this episode.

        This episode talks about:

        • Guillaume’s background in consulting and how this led him to start his own company
        • The Waalaxy software and its key features
        • ​How automation can allow outreach without exhaustion
        • Who are Waalaxy’s primary users?
        • Cold emails versus email marketing.
        • The similarities and differences between Waalaxy and LinkedIn Premium.
        • Can you actually run and grow a business without investors and shareholders?
        • What are the common obstacles for a startup business and how to overcome them?
        • Techniques for running a business on a low budget
        • How to manage and run an international software service company?
        • The advantage of having an in-house software developer instead of hiring a third-party provider.
        • Waalaxy’s goals in the next 5 years
        • Key components when starting an IT company

          • To connect with Guillaume Portalier and learn more about prospecting and automation, please visit:

          👉Linkedin: ➡️https://www.linkedin.com/in/guillaume-portalier-waalaxy/

          👉✨👌Get 2 months free when you sign up using this link ➡️

          https://www.waalaxy.com/?o=tdhojgdapvaz

          👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

          👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

          24 min
        • Episode 72: How SBA Loans work with Ray Drew

          Ray Drew has dedicated his entire professional career to helping small business owners navigate through the intricacies of SBA borrowing. His job is to structure a customized loan solution that meets the unique needs of the business and guide the entrepreneur through the process.

          Ray’s current role is Managing Business Development Officer at Fund-Ex Solutions Group, one of 14 licensed non-bank SBA 7(a) lenders. He is the Host of The Art of SBA Lending Podcast and he just launched a YouTube Channel for entrepreneurs seeking credible information about SBA 7(a) loans called SBA Ray.

          This episode talks about:

          • ​​The difference between bank and non-bank lenders
          • What to consider before applying for an SBA loan?
          • Difference between SBA 7a and 504 loans?
          • Typical terms and requirements for SBA loans
          • The maximum loan amount under 7(a) SBA loans? SBA 504 loans?
          • Do SBA loans require a personal guarantee?
          • What types of small businesses receive the most SBA funding?
          • If you are buying a business, how much financing can you get?
          • Common reasons for why SBA loans get denied.
          • The increase in business acquisitions over the last 2 years and how SBA finance plays a role in acquisitions
          • The average interest rate for SBA loans? Understanding how interest rates work with SBA financing.

            • To connect with Ray Drew and learn more about SBA loans, please visit:

            👉Website: ➡️https://www.artofsba.com/

            👉Linkedin:  ➡️https://www.linkedin.com/in/raydrew4589/

            👉Facebook:  ➡️https://www.facebook.com/artofsba

            👉YouTube: ➡️ https://youtube.com/channel/UC7_6-lZHN4cXa0sF6Tu8AGQ

            👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

            👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

            📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

            🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

            31 min
          • Episode 71: How to Program Your Mind to Make More Money with Victor Pierantoni

            Victor Pierantoni is a coach, lifelong martial artist, and philosophy enthusiast. His path as a coach was inspired from losing his mother when he was seven years old to cancer. This devastating experience taught him to cherish those he loves while training himself mentally and emotionally to be ready for the inevitable battles that life would throw his way.

            Victor specializes in helping creative business owners and high performance achievers  accomplish a lifetime of therapy in a day so they can shed the weight of unresourceful emotional conflicts, quickly and effortlessly.

            He guides them to cultivate unshakable inner peace so they can transform life as they know it and operate at their highest level of contribution. He began his coaching career working full time as the resource coach for one of the largest coaching organizations on the planet, Robin's Research International, or as most people know the brand -  Tony Robbins.

            After three years at Tony Robbins, Victor went off on his own under his own brand, Zen Stoic, a modern hybrid philosophy of timeless wisdom inspired from thousands of years of Zen Buddhism and Stoic philosophies that leverage modern techniques to help people live a liberated life. Today, he has worked with all sorts of interesting individuals, including CEOs, celebrities, magicians, Navy seals, actors, NASA engineers, SpaceX engineers, and has also conducted speaking engagements at private corporate training nationwide

            This episode talks about:

            • The relationship between perception and projection
            • Controlling emotions vs controlling your state of mind
            • What does it mean to reframe your thoughts? What impact does this have on you and your business?
            • Identifying what is included in your belief system
            • Pivoting negative emotions to more purposeful and fulfilling emotions
            • Ways to overcome negative thought patterns.
            • Practical exercises for being more mindful of your thoughts.
            • What is emotional debt and how do you free yourself from it?
            • How to break free from limiting beliefs about money.
            • Developing your subconscious mind to attract money.
            • Hidden barriers you have embedded in your mind that may be the reason why you are not reaching your business/financial goals

              • To connect with Victor Pierantoni, please visit:

              👉Website: ➡️https://www.zenstoic.com/

              👉Linkedin:  ➡️https://www.linkedin.com/in/victor-pierantoni/

              👉Instagram:➡️https://www.instagram.com/victor.pierantoni/?hl=en

              👉Facebook:  ➡️https://www.facebook.com/vic.pierantoni

              👉Tiktok:  ➡️https://www.tiktok.com/@victor.liberatedlife

              👉YouTube: ➡️ https://www.youtube.com/channel/UCFDWmhGAnvjBXcURkJP6Pdg

              👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

              👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

              📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

              🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

              40 min
            • Episode 70: The Mindful Millionaire with Leisa Peterson

              Leisa Peterson is The Mindful Millionaire Maker. As a coach, author, business growth strategist, and founder of Wealth Clinic, she helps people elevate their financial consciousness by realizing their true value and becoming financially empowered

              This episode talks about:

              • Leisa's background prior to coaching clients
              • What does it mean to have a “scarcity mindset” and how does this affect your entrepreneurial journey?
              • Key components when it comes to making financial decisions
              • Where should business owners invest their profits?
              • The difference between reinvesting in your business and investing in other businesses
              • The importance of financial planning, especially with business owners
              • Learning about yourself, money, and how you can create the life you truly want.
              • The difference between a financial advisor and financial coach
              • How Leisa could help you create this millionaire mindset and achieve your goals
              • Learn more about Leisa’s book “TheMindful Millionaire​​”

                • To connect with Leisa Peterson, please visit:

                👉Website:➡️https://www.wealthclinic.com/speaking-media-leisa-peterson/

                👉Linkedin: ➡️https://www.linkedin.com/in/leisapeterson1/

                👉Facebook: ➡️https://www.facebook.com/leisa.peterson/

                👉Twitter: ➡️https://twitter.com/leislooski

                👉Instagram: ➡️https://www.instagram.com/leisapeterson/

                👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

                👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

                📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

                🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

                23 min
              • Episode 69: Avoid Taxes Using these Vehicles with Carl Fischer

                Carl Fischer graduated from Cornell University and is a third-generation real estate developer. Carl began his investing career in the 1970s  when he was employed as a rocket scientist  at Kennedy Space Center in Florida.

                Carl is one of the founders and principals in CAMA Self Directed IRA,  LLC (dba CamaPlan) founded in 2004. CamaPlan is a national company located in Ambler, PA.  Carl has implemented plans and managed millions of dollars in real estate transactions. His real estate investments include commercial and residential properties, including real property, notes, and mortgages.

                He’s been able to increase his net worth using self-directed tools, such as self directed IRAs. This has led to tax free income as well as tax free profits from real estate deals and private placements.  In addition to his hands-on experience, he has spoken to many groups including real estate investors and brokers, CPAs, financial advisors, attorneys, and mortgage professionals about the power and possibilities of IRA, 401k, and qualified plan self-directed plans. He provides continuing education credits for both nationally and state-specific attorneys, accountants, realtors, and appraisers.

                This episode talks about:

                • ​Carl’s journey to creating a Self-Directed IRA company
                • Types of Alternative Investments that can be used inside of Self-Directed IRAs
                • Can you use a self-directed IRA to invest passively in real estate?
                • IRA loans? What is a  Nonrecourse loan?
                • What is Unrelated business income taxes (UBIT)?
                • What triggers UBIT?
                • Interest rates on IRA loans?
                • Can you leverage your self-directed IRA to loan money to others (also known as Private Money Lending)?
                • How to avoid/mitigate some risks of using a SDIRA
                • Can you reinvest your IRA in something else other than real estate?
                • Can you convert your traditional IRA to a Roth IRA (without penalty)?
                • How does CamaPlan work to help you create your own self-directed IRA?

                  • To connect with Carl Fischer, please visit:

                  👉Company Website:https://www.camaplan.com/

                  👉Linkedin ➡️ https://www.linkedin.com/in/camaplan/

                  👉Facebook ➡️https://www.facebook.com/camaplan

                  👉Instagram ➡️https://www.instagram.com/cama_plan/

                  👉Twitter ➡️https://twitter.com/CamaPlan512

                  👉YouTube ➡️https://www.youtube.com/camaplan1

                  👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

                  👉You can also schedule a free call with us: ➡️https://calendly.com/financialservicesins

                  📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

                  35 min
                • Episode 68 - Passive Income and Tax Favored Growth

                  This episode talks about:

                  • ​​Recap on the Bank on Yourself Concept and what it is
                  • Two parts of a cash value whole life insurance policy
                  • Leveraging the cash value in a whole life policy for other investments and businesses.
                  • What are small business bonds?
                  • Who is SMBX? How are they helping small business owners raise capital and investors with earning passive income?
                  • Realizing the arbitrage between leveraging your whole policy and the income from passive investments
                  • What is non-direct recognition? How is it advantageous when earning passive income?
                  • What are some of the tax benefits in this situation? How taxes work when you receive principal and interest back from bonds?  The tax benefits of using whole life for passive investments
                  • Why SMBX may be more advantageous for small business owners than banks in terms of borrowing?
                  • What ​are​ some of the risk​s​ to look for when investing in small businesses?
                  • What about market volatility? How does it affect your policy?

                    • To connect with Sarry Ibrahim and to learn more about SMBX and Bank on Yourself Concept, please visit:

                    👉SMBX Company Website:➡️https://www.thesmbx.com/

                    👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

                    👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

                    📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

                    🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

                    13 min
                  • Episode 67: Speaking with the Founder of National Financial Educators Council, Vince Shorb

                    Vince Shorb is one of the country’s leading advocates for promoting financial literacy and a thought leader in teaching and scaling financial education programming. ​ ​Shorb has led the NFEC in the development of 2,500 financial literacy programs and more than 80 financial literacy assets. He has been featured in publications on USA Today, CNBC, Yahoo Finance, Forbes, CNN Money, MarketWatch, Fox Business, Huffington Post, NASDAQ, and Business Insider.

                    After spending 15 years in financial services working one-on-one with more than 20,000 people, he founded the National Financial Educators Council (NFEC) – an organization dedicated to combating the financial illiteracy epidemic.

                    This episode talks about:

                    • Vince's passion for learning about money, investing and sharing knowledge with others
                    • Vince's early introduction to business and real estate investing.
                    • What does budgeting entail?
                    • Why is it important to understand your spending habits​? ​How does this impact your life?
                    • Why financial education is important to understand at a young age
                    • Money-saving tips/strategies
                    • How do you build a strong financial foundation?
                    • The difference between self-education and traditional education.
                    • Overcoming the fear of losing money in any form of business
                    • The benefits of setting big goals
                    • The importance of teaching financial literacy and entrepreneurship in schools
                    • Who is the National Financial Educators Council and who do they help?
                    • Differences between financial advising and financial coaching

                      • To connect with Vince Shorb and to learn more National Financial Educators Council, please visit:

                      👉Website:➡️https://www.financialeducatorscouncil.org/

                      👉Linkedin: ➡️https://www.linkedin.com/in/vinceshorb/

                      👉Facebook: ➡️https://www.facebook.com/NationalFinancialEducatorsCouncil/

                      👉Twitter: ➡️https://twitter.com/NFEC_FINEDU

                      👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

                      👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

                      📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

                      🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

                      30 min
                    • Episode 66: How to Prepare to Exit Your Business with Jessica Fialkovich

                      JessicaFialkovich is an exit expert, best-selling author, speaker, small business advocate, and award-winning business owner. The founder of Exit Factor, she is also the co-owner of Transworld Business Advisors in Colorado, Dallas, and Las Vegas. Jessica is an entrepreneur at heart and successfully built and sold two startups, along with her husband and business partner, Al. With Transworld, they run the business brokerage firm that does the most M&A transactions annually for small and medium-sized businesses. She is also active in the entrepreneurial community, including Entrepreneurs' Organization (EO). She resides between Dallas, TX, and Denver, Colorado.

                      This episode talks about:

                      • ​Jessica’s entrepreneurial background and journey as a  small business owner.
                      • How many business owners are actually prepared to exit their business?
                      • Some of the common reasons why businesses fail rather than sell
                      • Common misconceptions about selling your small business.
                      • How can you make your business more attractive to potential buyers?
                      • ​​​​How delegating tasks can make your business more profitable?
                      • What types of businesses’ does Jessica’s team focus on?
                      • How are business valuations calculated? Common techniques?
                      • How can SBA lending help you finance an established business?
                      • Using your dividend-paying whole life insurance policy to speed the process of financing a business
                      • Controlling your own financing terms using your dividend-paying whole life insurance policy
                      • Is it possible to passively invest in small types of businesses?

                        • To connect with Jessica Fialkovich, please visit:

                        👉Company Website:➡️https://www.exitfactor.com/

                        👉Website ➡️ https://jessicafialkovich.com/

                        👉Linkedin ➡️ https://www.linkedin.com/in/jessicafialkovich/overlay/contact-info/

                        👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

                        👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

                        📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

                        🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

                        27 min

                      About Thinking Like a Bank

                      From the publisher's feed

                      Ever wonder what banks do to get so rich? Well its not just because they're banks.. rather its about the way they think. That's what we uncover here in this podcast.. how to think like a bank. You don't need to be a banker or in the banking industry but you can still copy these strategies to help improve your financial life.