Afleveringen
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Velocity Banking is getting a lot of attention, and many people are confusing it with Infinite Banking.
While there are similarities, these two concepts have different main goals. In this episode Iâll explain those differences so you can see why, for most people, Infinite Banking is the robust solution. Youâll also learn how Infinite Banking can help you achieve most of what Velocity Banking does, without taking on all the volatility and risk.
Listen now!
Show highlights include:
Why Whole Life insurance remains fundamental to Infinite Banking after all these years. (0:57) The âone track mindâ of Velocity Banking and how this hyperfocus can cut years off your mortgage. (2:57) Rarely-mentioned reason most people considering Velocity Banking would fail if they tried it. (5:09) Big picture considerations ignored by Velocity Banking, but not by Infinite Banking. (6:49) How to use Infinite Banking to get similar results without the risks and headaches of Velocity Banking. (7:15) Why Velocity Banking only works for disciplined consumers, and the disastrous consequences waiting for undisciplined users. (8:23)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard some people borrow from their life insurance policy and donât pay it back. And you might be thinking: âIâll do the same thing! Why not?â
Youâll want to listen to this episode because Iâll share why not treating yourself like an honest banker is a bad idea.
Iâll also explain all the repayment options available to you, and what to do if you have a financial hardship and donât think you can repay your loan like you had planned.
Listen now!
Show highlights include:
âRepayment Refresherâ--The many ways to repay your loan and how to set up a loan repayment. (1:47) Loan payment âmagic trickâ for life insurance loans that conventional bank loans canât match. (3:17) Why I donât recommend using dividends to repay your loan, even though you could. (5:15) Moneyâs tight? Canât repay your loan? Try this before surrendering. (5:49) What really happens if you donât repay your loan. (7:01) How reckless borrowing and careless repayment can combine to cost you your policy. (8:32) The tax return nightmare that follows a policy lapse. (9:26) Why the âhonest banker policyâ is the best approach to IBC. (9:54)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Zijn er afleveringen die ontbreken?
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You know one of the benefits of an Infinite Banking Concept is the ability to âbe your own bankerâ and borrow against your life insurance policy.
But you might be wondering: âHow exactly do I do that?â
No need to worry, because in this episode Iâll lay it all out for you step-by-step. Iâll also explain why even though it isnât an âinstantâ process, IBC clients still prefer it far more than conventional bank loans.
Listen now!
Show highlights include:
Why you can borrow against Whole Life insurance, but not Term Life. (1:40) What to ask your agent if you arenât sure if you can borrow yet. (2:55) The â95 Ruleâ to quickly estimate how much you can borrow. (3:45) How your agent can often get your funds faster than requesting your loan online. (4:11) Real reason your Whole Life insurance company only sends one statement per year. Hint: It isnât to save paper. (5:28) Want to borrow without paperwork? Itâs possible, but hereâs what you need to know before you try. (6:33) What actually happens with the interest you pay when repaying your loans. (7:42) How long it takes to get the funds you request, and common variables that could make it faster or slower. (9:15) Great loan debate: Small loans more often, or big loans occasionally? The clear winner explained. (10:59) Why clients prefer borrowing against Whole Life insurance instead of traditional loans from a bank. (11:50)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Itâs not uncommon for people to hear about Infinite Banking and think itâs too good to be true. They think there must be some downside!
And while I donât believe there are any actual downsides, there are a few things that could look bad when youâre just starting to learn the ins and outs of IBC.
So, in this episode, Iâm going to walk you through those concerns and explain whatâs actually happening. Iâll help you see there is no âboogeymanâ waiting in the closet to surprise you once you start Infinite Banking. Thereâs just an effective way for you to make your money work better for you and your plans.
Listen now!
Show highlights include:
The one type of person Infinite Banking cannot satisfy. (1:11) Startup Secret: How treating Infinite Banking like a business transforms what looks like a downside into a sensational benefit. (2:44) Why good advisers insist you read Nelson Nashâs Becoming Your Own Banker before meeting with them. (6:54) âPremium Mythâ busted: Why you donât need astronomical premiums for an effective Whole Life policy. (7:34) Real reason Whole Life premiums are higher than Term Life, and why that shouldnât scare you. (8:04) Thinking about IBC but also want investments? Overlooked way to do both instead of just one. (10:30) How to fund a Whole Life policy without a lifetime of premium payments. And how to know if this approach is right for you. (11:09)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Everybody thinks about retirement.
Not everybody thinks about how theyâll have the cash flow they need to enjoy retirement.
Today Iâm here to help you with that. Iâll explain four different options for retirement cash flow so you can see which ones make sense for you.
Listen now!
Show highlights include:
Cash Flow vs. Big Pile of Assets: Which one is better, and how to get them playing on the same team for even better results. (0:48) Potent â1-2 Punchâ Whole Life insurance delivers in retirement years. (1:39) Why borrowing against your Whole Life Insurance cash value in retirement beats loans from commercial banks. (1:50) Simple but proven borrowing strategy to ensure youâll have the cash youâre counting on when you need it most. (2:18) Thinking about partial withdrawals? Here are the âpros and consâ to weigh so you can make the right decision for youself. (3:08) Why Uncle Sam loves it if you terminate your Whole Life Insurance policy. (3:45) Safely navigate the âannuity mazeâ with this high-level overview of the different annuity types. (6:29) How to leverage Whole Life Insurance to easily double your cash-flowing assets. Itâs legal, ethical, and more popular than ever. (8:20) Surprising way a part time job could increase your Social Security benefits by 8 percent each year. And how to decide if itâs worth it. (9:28)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Your savings options are limited if you want to access money tax free: there are Roth IRAs and cash value life insurance.
You wonât know which option is best for you without taking a closer look, so in this episode Iâll give you an honest overview and explain why I always prefer Whole Life insurance.
Listen now!
Show highlights include:
How Whole Life spares you the headaches of calculating income and worrying about restrictions. (4:51) Why a savings account you can access tax free is essential to future proof your finances. (5:51) Is Uncle Sam a good business partner for you? Knowing this one thing will help you decide. (5:59) The â1-2 Punchâ of Whole Life insurance to spare you from market volatility and still gain value. (6:40)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard about Index Universal Life (IUL) policies, and the benefits sound great: Who wouldnât like the sound of getting to enjoy (limited) climbs in the stock market while being protected against crashes.
But these policies have real dangers too many people donât know about, like losing cash value or even the policy, and are not great for practicing IBC.
Thankfully you donât have to be one of those people. Because in this episode Iâll tell you what you need to know when considering IULs. Iâll also reveal sneaky things agents have said and done to lure unsuspecting clients so they wonât be able to hook you into something youâll regret.
Listen now!
Show highlights include:
How I went from mesmerized to âwide awakeâ about the reality of IULs. (2:28) Why IULs become a âticking time bombâ ready to blow up when clients need them most. (4:37) The real-life nightmare lurking behind the first policy loan clients took from a IUL. Donât let this debilitating expense surprise you too. (8:38) Experienced attorneyâwith more than 300 cases in four yearsâreveals red flags to look for to keep yourself out of financial harmâs way. (9:44) Simple reason you canât be diversified if youâre only in the stock market. And how to truly diversify instead. (12:28) Shady recommendations used by real agents. Run away if you ever hear these used on you! (13:03) Shocking truth: Why a lot of agents and reps donât really understand the products they sell. (18:33)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard the advice: If you can afford it, get a 15-year mortgage because of all the interest youâll save compared to a 30-year mortgage.
Itâs true youâd pay a lot less interest to the bank on a 15-year mortgage, but does that make it the best decision?
In this episode Iâll explain what else you should consider before tying up extra income in a 15-year mortgage, and why in most cases thereâs a better way to approach it through whole life insurance and the Infinite Banking Concept.
Listen now!
Show highlights include:
Half truth: What typical 15-year mortgage advice gets right, and what it misses at the same time. (1:18) How to make more money using IBC than youâd get in saved interest from a 15-year mortgage. (2:20) Why the method that works best mathematically (and doesnât involve whole life insurance) gets wrecked again and again by Parkinsonâs Law. (5:30) The HELOC âmoney mirageâ that could leave you powerless when you need to borrow the most. (7:48) Overlooked reason why paying cash for a big purchase is like lighting money on fire. (8:06) The Great Equity Debate: Head-to-head comparison of home equity vs. whole life equity. (9:41)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
You know without financial literacy your kids will become sitting ducks for credit card companies. But when do you start teaching? And how can you do it without boring them?
In this episode Iâll share appropriate ages to begin (and advance) a childâs financial education, key topics to cover, and how to create teachable moments theyâll remember.
Listen now!
Show highlights include:
Why you can start teaching kids about money sooner than you think. (1:46) How Dollar Tree can teach your kids about taxes. (2:06) Forgotten fundamental, rarely taught in school anymore, that shields your child from the allure of credit cards. (3:42) The Great Allowance DebateâWhy giving your child an allowance could leave them unprepared for adulthood. (4:54) Simple â10-10â Rule to teach children about giving and saving. And how one modification makes it great for adults too. (11:23) Double Trouble looming for retirement savings locked up in IRAs or 401Ks. Many donât realize the danger until itâs too late and costs a small fortune. (13:22) Ideal age to give your child Nelson Nashâs book, and how to help them grasp harder concepts. (15:34)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Infinite Banking is meant to help you take control of the banking function of your life, and keep your savings safe from the volatility of financial markets.
But lately some self-proclaimed IBC specialists are setting their clients up with a type of permanent life insurance that looks good on paper, but actually exposes their savings to the same type of uncertainties they were trying to avoid in the first place.
In this episode Iâm sounding the alarm! Iâll explain what these policies are, why the information used to promote them is never an accurate picture, and what you should do to actually keep your savings safe.
Listen now!
Show highlights include:
Agent says heâs an IBC specialist, but wants to hook you onto an Index Universal Life policy. What to know before you take the bait. (0:39) Surprising guarantee tucked into IULs that are a boom for the company, but a bust for your wallet. (4:27) Asset or investment? The best way to look at life insurance, and why approaching it the wrong way is an expensive mistake. (8:37) Why people who hate inflation love Whole Life insurance companies. (11:20)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
We might be in a new year, but the important principles Nelson Nash taught in Becoming Your Own Banker remain timeless.
Thatâs why in this episode weâre diving deeper into the book for more important takeaways. Iâll share what Nelson called âThe Golden Rule,â and why treating your whole life insurance plan like a business startup can change your outlook (and results) for the better.
Listen now!
Show highlights include:
âGolden Ruleâ (not the one from the Bible) thatâs crucial to your financial wellbeing. Fail to learn this and youâll always struggle. (2:39) How your feelings keep you in financial prison, even though the door is unlocked. (3:26) Overlooked fact of the U.S. Constitution thatâs a breath of fresh air against suffocating government spending. (4:33) Entitlement trap snaring the country, and why it hamstrings your ability to thrive. (5:31) Why Japanese business philosophy can make your IBC strong from the start and better in the long run. (5:55)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
You owe the US Government $519,000 (and growing).
Thatâs how much you (and every other American) needs to pay in order to bring down Uncle Samâs debt. Whatâs even crazier is this:
According to retirement expert Ed Slott, the Federal government can increase their percentage of your savings whenever they need more money â and that day is coming soon.
So the question is, how much will the government take away from your retirement account?
In todayâs episode, I reveal how you can avoid the government legally taking more of your hard earned money.
Listen now!
Show Highlights Include:
The US government owes over $173,000,000,000,000 in unfunded liabilities. Check out this website to see the exact breakdown U.S. National Debt Clock : Real Time (usdebtclock.org) (3:25) How to get to a 0% tax bracket (and transform your retirement) by clicking âadd to cartâ (4:47) The four letter word that explains why your tax rate could double (or else the country could go bankrupt) (6:05) Excited to get a tax break in 2023? Hereâs why doing so could force you to pay taxes at a rate as high as 48% (like in Australia) (7:24) Are you a sitting duck for a revenue hungry Uncle Sam? (8:05)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Walt Disney, JCPenney, and Ray Kroc.
What do all these ultra-wealthy individuals have in common? They all possess, âThe Secret of the Affluentâ, as coined by the New York Times. In laymanâs terms, they all got ahead in life, not by spending their own money, or taking out a loan, butâŠ
By borrowing against their whole life insurance policy!
So, why do the ultra-wealthy leverage whole life insurance policies?
Deposit amounts are unlimited (and NO income limitations)
No tax on the growth of your account
No tax when accessed either (if structured correctly)
Any money left over for your children and grandchildren can NOT be taxed by the money hungry federal government.Sounds pretty good, right?
Well, in todayâs episode, I reveal a few more tricks the ultra-wealthy do to amass true wealth, while paying as little in tax as possible.
Listen now!
Show Highlights Include:
The counterintuitive way to earn an extra $2,000 by spending $3,000 (1:11) Bank wonât provide a loan to start your business? Use the âWalt Disneyâ source of finance to kickstart your entrepreneurial journey (2:12) How Ray Kroc, the founder of McDonaldâs, used âThe Rich Manâs Rothâ to create the McDonald's empire (3:51) Access your life savings â tax free â with Tony Robbinsâ âPrivate Placement Life Insuranceâ (6:03)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Elon Musk can be polarizing, but like him or not heâs saying something about government spending you ignore at your own peril.
Thatâs why in todayâs episode weâre taking a closer look at the alarm bell he and others are ringing loud and clear. Youâll know why this matters so much, and why you should urgently protect your savings from the volatility lurking around the corner for the American economy.
Listen now!
Show highlights include:
Do you suffer from the Ostrich Effect? Why so many Americans put their head in the sand and ignore the national debt. (2:10) Shocking âbottomless pitâ the government shovels money into. Swallows even more tax dollars than the military and leaves you with nothing to show for it. (3:30) True source of inflation they donât want you to know about. (3:47) Can it really be that bad? What would happen if the national debt remains unaddressed. (5:38) Why 53 trillion is the scariest number in economics. (6:05) Real reason Social Security is on the brink of collapse. (8:42) Why conventional retirement accounts have a giant bullseye irresistible to politicians hunting for funds. What to do to protect your savings instead. (11:40)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Weâre all human, so if youâre having a problem you can be virtually certain youâre not the only one. Especially when it comes to finances!
But just because most people have financial struggles doesnât mean you have to keep suffering right along with them. Thatâs why in todayâs episode Iâll share some common problems that derail the ability to achieve financial goals, and help you see how to keep them from wrecking you too.
Listen now!
Show highlights include:
How obeying Parkinsonâs Law puts you in financial prison. (1:45) Why most people have a hard time saving, even if they get a big raise every year. Hint: Itâs NOT inflation! (7:27) Are you getting mugged in broad daylight by the worldâs biggest thief? A simple way to tell. (8:56) Sneaky reason heavily-promoted âtax oasisâ is actually a mirage. Recognize this now or you could lose 50% or more of your retirement savings. (12:00)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard the best whole life insurance policies can give you return of premium (aka dividends). But youâve wondered if this feature is too good to be true, or at least exaggerated to sound better than it really is.
This episode is for you! Because weâre talking more about creating your own banking system, and getting real about the actual potential for dividends.
Iâll also share "need to know" information so you can set an appropriate death benefit, make loans to yourself the right way, and use infinite banking to save a fortune that youâd otherwise surrender to banks.
Listen now!
Show highlights include:
Are dividends overhyped? Real-world examples show how good they can get with good timing and the right funding. (1:17) What to do when your need for finance is greater than your need for life insurance. (3:22) Can you actually have too much death benefit? What my professional experience has taught me. (4:25) âThink like an insurance companyâ secret to set up your policy to do what you want, without spooking the underwriters. (5:04) Shocking truth about the money you borrowed to buy your last car. Youâll never be able to look at auto loans the same way once you know this. (6:29) How to know when to open additional whole-life policies so you never stretch yourself too thin and donât miss out on maximizing your banking system. (10:15)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Imagine a savings tool that had:
Guaranteed growth/return on investment (and weâre not talking under 1% like you get in savings accounts) Liquidity (access your savings income â tax and penalty-free â whenever you want) Borrow against the full amount of your savings (without risk of a margin call) â rather than withdrawing your money. Allowing your savings to continue to snowball and grow!And you know what?
I only mentioned a fraction of the benefits here. In this episode, I reveal the additional 10 benefits this savings tool has. And if your investment vehicle doesnât have these, youâre putting yourself at risk of inflation, banking greed, and the ever money-hungry Federal government.
Listen now!
Show Highlights Include:
How to get a guaranteed return on your investment until youâre 121 years old (and leave a legacy for your children and their children) (1:35) Why having a âSFCâ mechanism could prevent you from depleting all your life savings (1:57) How to unlock your retirement savings without retiring (without incurring a 10% early penalty) (2:53) Scared of your nest egg going down the drain during a recession? Hereâs the âWLIâ policy that eliminates market volatility from your savings portfolio (3:20) How to borrow against the full amount of your savings (without the risk of a margin call) (3:35) Struggling to keep up with principal + interest repayments on your loan? Hereâs how to pay interest only for as long as you want (4:07) How to save as much as you want with no ceiling or cap (even if you earn a million dollars a year) (4:58) The simple way a âWLIâ policy allows you to leave a legacy, and hand down your wealth to your children and grandchildren (all inflation proof) (5:45)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve read Nelson Nashâs Becoming Your Own Banker or listened to previous episodes of this podcast where Iâve shared some of the most important ideas and information from his timeless book.
And now youâre thinking becoming your own banker might be something you should do. So now what?
How do you do it? Why would you want to? Whatâs involved to get it going?
Donât worry! In todayâs podcast Iâll help you with all of those questions. Iâll also share how the whole life insurance companies make their money so you can have confidence your new banking system wonât be built on shaky ground.
Listen now!
Show highlights include:
Why failing to understand opportunity cost is keeping you broke. (1:34) A little-known magazine article, from 1993, that reveals the key big business used to turbocharge their profits. And it can unlock wealth for you too. (2:18) The first places you should look if you canât find the money to start a whole life policy. (3:58) Actuaries, rate makers, and lawyers are all involved in putting together an insurance policy. Hereâs what they do and why theyâre actually necessary. (6:15) Does smoking âwacky weedâ result in wacky rates? Why occasional marijuana use doesnât always affect your insurance premium. (6:22) How whole life companies make enough money to consistently honor their contracts. (8:50)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Tired of the stranglehold commercial banks have on you? Wouldnât it be nice to just own your own bank!
But owning a brick and mortar bank would take years to do and more money than most of us have lying around.
Thankfully thereâs an ethical way to take control of your finances, much like a banker, without all the hurdles to clear and capital to come up with. In this episode Iâll explain what it is, why itâs so much easier than owning a bank, and why more people arenât using it already.
Listen now!
Show highlights include:
What it really takes to open a commercial bank. (1:17) Disturbing truth about the money the bank loans you. (6:36) Wall Street HoudinisâPerilous way banks âcreateâ money out of thin air. Itâs legal, and youâre probably enabling it! (7:00) How a proven 200-year old financial product remains underutilized by the people who can benefit from it the most. (9:36)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
You already know itâs hard to pay your bills and provide for your future because of inflation.
But thereâs something else chewing up your income. And you probably donât realize how big a bite this monster is taking. Thatâs because thereâs a clever distraction the banks happily use against you.
In this episode Iâm going to explain to you just whatâs going on. And Iâll use examples from Nelson Nashâs classic book to do it. Youâll see how this problem has grabbed Americansâ spending power by the throat, and how you can escape the stranglehold.
Listen now!
Show highlights include:
âAll-Americanâ secret, ignored by most, that can liberate you from financial struggles. And itâs way more secure than stuffing money under your mattress. (1:31) The three things Americans spend nearly all their money on: The actual percentages will shock you. (3:10) Why financing is involved in any purchase you make, even if you pay cash. (4:24) How moving at least once every 10 years makes your bank love you. (5:37) What to look for instead of interest rates. Ignore it and youâll get buried by interest even if rates are historically low. (9:08)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
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