Wade is joined by colleague and fellow IBC Practitioner, Monty Flack. Monty is also the Co-Founder of Factum Financial and believes in empowering small business owners to have MORE CONTROL and MORE MONEY using a time-proven process. In this episode, Wade and Monty break down the reality that you CAN'T finance a funeral. So then what?

Highlights

• Who is Monty Flack?
• What is Monty's understanding regarding the Hispanic culture surrounding debt, money, and spending
• The experience made him realize the importance of life insurance
• If he could change something, what would it be?
• How life insurance can be a great tool for your life Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]
• Connect with Monty Flack
• http://factumfinancial.com/
• https://www.facebook.com/FactumFinancial
• https://www.linkedin.com/in/monty-flack-2380ba17
• https://www.instagram.com/monty.flack

Wade is joined today by Heather Dreves who works with people looking for passive real estate investment opportunities. They talk about how the Infinite Banking Concept works hand in hand with real estate opportunities. Wade and Heather are both very passionate about generational wealth and why it's essential and what it can do for families regarding passive income.

Who's The Guest? Heather Dreves is the Director of Funding at Secured Investment Corp. She is a tenured employee that has worked in the Private Money Industry for over 15 years and held her series 63 license. Heather has been directly involved in selling over 100 million dollars in Trust Deed Mortgages and raised over 30 million in Secured Investment Corps High Yield Equity Funds. She has had experience in assisting underwriting and managing the Cogo and Servicing team in addition to Investor Relations.

Highlights

• Who is Heather Dreves?
• Finding her own niche in a really passive environment
• How the Secured Investment Corp works and how they help clients
• The disadvantages of owning real estate on an individual basis
• What does a Secured Investment Corp's ideal client look like?
• Heather's suggestion to someone who wants to start investing
• The difference between short-term rentals and midterm rentals
• How to get in touch with Secured Investment Corp or Heather Dreves Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]
• Connect with Heather Dreves
• https://www.linkedin.com/in/heather-dreves-6204a242
• https://securedinvestmentcorp.com/

What is the problem? In this episode, Wade talks about the problems that hold us back and keep us from doing the right things with our finances. We need to identify the problems, take action, and TAKE CONTROL and start by listening to this episode!

Highlights

• What kind of freedoms do people want?
• How you can identify your paradigm
• Which is better: Knowing the right solution or identifying the problem first?
• How challenging your existing thought process works Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

In this episode, Wade and Nicole discuss how people become frozen when they lack knowledge about something new. They are unsure how to move forward with this new idea - what are the next steps/process? This chapter is like the instruction manual. What is the tool I'm going to build and use? IBC is about a professionally managed portfolio done at an institutional level that is guaranteed to never go backward. Choose to be a part of that system.

Highlights

• Creating an entity for your pool of capital
• Importance of life insurance and taking control of your banking function
• Characteristics of a whole life insurance
• The benefits of a Properly Structured Life Insurance Policy
• What is the Maximum Efficient Contract?
• The benefits of having a contractual law
• Why get whole life insurance over universal life insurance? Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

Today, Wade and Nicole discuss that in order for the Infinite Banking Concept to be effective, it must become a way of life - you must use it or lose it. This concept has to do with overcoming human nature and recognizing you have to face the consequences of your actions. Learn the importance of stepping outside of your comfort zone when it comes to IBC.

Highlights

• The importance of taking control of your finances
• The Infinite Banking Concept: Overcoming human nature
• Establish your personal monetary system
• Why should you pay yourself interest if you're borrowing money?
• The cost of capital for banks and insurance companies
• Different opportunities to earn interest from your own money
• Three stages of having a new idea
• Reasons why financial plans fail
• The Arrival Syndrome and the Rival Syndrome in business
• Benefits of the Infinite Banking Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

In this chapter review, Wade and Nicole talk about the process of when we stop "growing and learning" because we already know all there is to know. When teaching clients about developing their own Banking Systems, is probably the most difficult thing for people to open their minds about and take a deeper look at what is going on in the business world.

Highlights

• The Arrival Syndrome: A phenomenon that limits mankind's achievement
• Dangers of just jumping to conclusions
• Importance of an open mind
• The Arrival Syndrome as the illusion of knowledge
• Benefits of having a positive and abundance mindset
• Retirement trap: Why you should never settle for less than you deserve Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

In this last episode, Wade and Nicole discuss the key points or points to consider when thinking about the Infinite Banking Concept. How do we find dollars that work? What happens if we have a downside in the economy? And overall, why you should want to learn more about the Infinite Banking Concept.

Highlights

• If it's your first time reading R. Nelson's book, what's the best part to start with?
• The problem with 401k's
• The different pitfalls of real estate that you have to understand before investing
• The importance of having a death benefit
• How to get started in policy buying and how you can make it work for you. Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

In this last chapter of Becoming Your Own Banker, Wade and Nicole talk about the subject of being uninsurable. Many people may think because of their age or their health, that they aren't insurable when in fact, they are! From an IBC perspective, it doesn't matter - it comes down to the death benefit and Paid-Up Additions. Listen to learn more.

Highlights

• How can somebody be uninsurable?
• When designing and building a policy, what are the characteristics it should have?
• Transforming life insurance into a family finance system: How it works
• If you're uninsurable, what happens next?
• Reasons why people are getting policies for their kids and grandkids
• How you can start computing your rate of return Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

Wade is joined again by a colleague and fellow IBC Practitioner, Nicole Tate, to talk about the value of a college degree. They talk about the pressures of attending college today and the value it has versus teaching the child the value of learning banking through the use of dividend-paying whole life insurance.

Highlights

• What the values of having a college degree are
• Why people are going to college
• What the real impact is of sending kids to college to retirement
• What you can do to be well-informed: Understanding the costs of making a decision Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]

Continuing their review of Becoming Your Own Banker, Wade and Nicole talk about the importance of generational wealth and how to get that path started. They talk about the importance of teaching youth about money and how to invest in their future.

Highlights

• The advantages of using your policies more
• How you can use the money to generate income
• What the benefits of getting policies on your younger kids or grandchildren are
• Who should be in control of your money
• How you can use your policies to start generating income
• What a guaranteed exit valuation is Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]