Discover how to strike a balance between living well today and planning for tomorrow in this engaging episode.

Too often, financial advisors offer one-size-fits-all advice—pay off debt, save for retirement, or invest more—without considering the full picture of your life.

But life is more than just money. Time is short and finding joy in the present while securing your future is key.

Saving everything for tomorrow or spending it all today isn’t the answer. Learn how to create a healthy, fulfilling balance that works for you.

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Real Life Infinite Banking Stories.

In this episode we share a bunch of stories from our clients on how they have used infinite banking personally.

A Word of Caution!  Don’t listen to this episode unless you want to feel inspired and encouraged.

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In this episode we go back to the very beginning of the Infinite Banking Concept and the teachings of Nelson Nash to look at exactly what is Infinite Banking.

Learn about the discovery of Infinite Banking, the teachings of Nelson Nash, and the core principles of The Infinite Banking Concept.

This episode will bring clarity to what the Infinite Banking Concept is, and why it works so well.

Real life Infinite Banking stories from clients of McFie Insurance as promised in episode 530 has been moved to episode 532. To listen to real life infinite banking stories go to episode 532.

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/infinite-banking-made-simple-binder/

The big idea of Infinite Banking is that you recover the money you’re spending.

The Infinite Banking Concept uses a participating whole life insurance policy to accumulate equity, then use that equity to leverage for a loan.

This process can be understood easily by thinking of something we are already familiar with. A HELOC.

There are some similarities to using a Home Equity Lines of Credit and using a Life Insurance policy as collateral for a loan. We talk about them.

There are also some big differences that gives Life Insurance a big advantage. We talk about those.

The Infinite Banking Concept is very straight forward.  Much of the complicated information and articles on IBC are not helpful and just cause more confusion.

This episode is all about Infinite Banking Made Simple.  Listen and learn now  

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Everything in life has a cost. Many times the cost of using one’s own money is overlooked, and the earnings that your spent money could have earned, are lost forever.

Using the Infinite Banking Concept and Participating Whole Life Insurance you can overcome this lost opportunity costb by having access to your money while it continues to grow. 

Learning and implementing the principles of growing wealth that we talk about in this episode, will help you get ahead financially and build a more successful financial future.

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On a recent Dave Ramsey show there was a caller who is a trim carpenter making decent money, but wanting to save more. He was divorced 8 years ago, and now has 23k in savings. He owes about 25k left on his mortgage, and has a 20k dollar loan on his motor bike.

Dave gave some shocking advice to this guy!

We have a much different approach to how we help our clients than what Dave said to his caller, so we decided to add our commentary on this episode.

What are your thoughts on how Dave advised his caller?

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Warren Buffet has some advice on saving. We listen to what he has to say and discuss it.

Savings is the foundation of building wealth. If you can keep your savings earning a return while you also use it to buy things, you can grow wealth even faster.

Listen and discover how to grow wealth.

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A common question we get asked is, can I start Infinite Banking with a Lump Sum? 

The short answer is: Yes

We find that what most people are really asking with this question is, Does it make sense to start Infinite Banking with a lump sum?

A detailed answer will take into consideration the specific amount of the lump sum, personal details, as well as rules and regulations that will apply to you, and will tell you not only if it is possible, but if it is profitable.

In this episode we share examples and scenarios that we've designed and observed, where people have funded Infinite Banking policies with lump sums of money. This will help you understand the process better.

When people think about saving money to get ahead financially, they often think about a qualified plan.

Unfortunately, qualified plans have not been all what they were cracked up to be, and today people are saving less than, before they were introduced to “help people save more”

Savings have become an after thought for many people today. In reality, savings should be treated with as much urgency and importance as your house payment, car payment and other expenses.

It is easier to save money when its is not locked away behind early access penalties. Its easier to save when your savings are growing for you. Its easier to save when you know you can access your savings to finance opportunities or needs in your life.

This is what we help people do, and what we discuss on the podcast this week.

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People are not saving enough for retirement.

People who are saving, are not saving in the best places.

This is creating a lack of funds in retirement, and often a need to go back to work later in life. Neither of these are good options.

We help people plan for and fund their retirement in a non conventional way. This allows our clients to have the freedom to progress financially even in retirement, rather than having to retire to a less and diminishing amount of income.