Afleveringen
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Today, we have a special guest, Dave Mozeika, co-founder of the cash flow platform called Currence.
In episode 103, we discussed the problem of a lack of focus on savings and spending. Today's topic, Currence, is the solution to that problem.
Currence is about setting up a better cash flow structure that, combined with IBC, can create financial freedom faster than you ever thought possible.
Tune in to learn how!
>>Talk to us about Currence<<
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EPISODE HIGHLIGHTS:
(00:12) Guest Introduction: Dave Mozica
(00:54) The Problem with Budgeting
(01:25) Dave Mozica's Background and Career
(03:49) Understanding Cash Flow and Financial Structure
(05:24) Introduction to Currence
(09:07) How Currence Works
(19:19) Implementing Currence
(22:00) Currence and Infinite Banking Concept
(22:27) Managing IBC Transactions with Currence
(23:38) Integrating Currence with a Wealth Coordination Accounts
(24:32) Personal Examples of Multiple Checking Accounts
(26:17) The Currence Spending Baseline
(26:56) The Role of Calibration Sessions
(31:04) IBC Doesn’t Necessarily Fix Spending Problems
(32:48) The Power of Connected Cash Flow
(38:06) Success Stories and Client Experiences
(43:13) Empowering Advisors with Currence
(45:58) Final Thoughts and How to Get Started
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
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In this episode, we'll discuss how IBC positively affects every stage of life, from your first job and accumulation to retirement and transferring a financial legacy.
Tune in!
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EPISODE HIGHLIGHTS:
(02:08) Starting Your Financial Journey: First Job
(10:47) Building a Family and Financial Security
(19:50) Accumulation Phase: Growing (and Protecting) Your Wealth
(24:40) Pre-Retirement Planning: Maximizing Efficacy
(30:43) Retirement Phase: Leveraging Certainty Assets
(37:20) Legacy Transfer and Estate Planning
(42:32) Why Whole Life Insurance Works at Every Stage
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Zijn er afleveringen die ontbreken?
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We have spent a lot of time discussing why paying premiums is great and why we should want to pay them for as long as possible. From an Infinite Banking perspective, why would we not want to capitalize our "bank" to the greatest extent possible?
This begs the question: is it ever appropriate to not pay a premium for a long time?
A "Single-premium" whole life policy is designed for one premium, and that's it. As usual, there are significant tradeoffs to this type of design, the biggest of which concerns taxes.
Tune in to this episode and learn about three potential use cases for a single-premium whole life insurance policy.
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EPISODE HIGHLIGHTS:
(01:41) Single Premium Policies as a CD Replacement for Seniors
(06:53) Single Premium Policies for Real Estate Investors
(14:07) Single Premium Policies for College Planning
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
How and when should you use IBC to pay for expenses vs just paying cash?
In this episode, we share a "recurring expense funds" model that proves the mechanics of using The Infinite Banking Concept to better pay for large recurring expenses.
Subscribers to the IBC MASTERY online course can watch a deep-dive video explanation of the recurring expense fund model.
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EPISODE HIGHLIGHTS:
(00:58) The Capitalization Phase Explained
(03:28) Mindset and Financial Strategy
(08:49) Practical Applications and Examples
(14:31) Evaluating Recurring Expense Funds
(21:29) Long-Term Benefits of This Model
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Do you even *want* to get well financially?
Humans tend to reject solutions to their problems. In the book Becoming Your Own Banker, Nelson Nash talks about the problem most people face: they do not have control over their need for financing throughout their lives.
If there is a solution to this problem, can you think of any reason not to embrace it or, at minimum, to make some effort to understand it?
Embrace the solution, friends!
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EPISODE HIGHLIGHTS:
(00:18) Humans Have a Tendency of Rejecting Solutions to Problems
(01:12) Asking the Right Questions
(01:21) The Value of Whole Life Insurance
(01:52) Do You Want to Get Well, Financially?
(02:37) Embracing the Solution: Whole Life & IBC
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Buying things based on interest rates alone can be a big problem. We seeing the proof of that right now in the commercial real estate market where owners having to refinance at higher rates is causing fire-sales pretty much across the board.
It's also true with other asset classes like whole life insurance. Sometimes people will pass up whole life because they think they can get better rates on either growth or loans somewhere else.
But one thing we know is true: Rates change. People who passed on whole life 5 years ago because bank rates were lower are kicking themselves now that bank rates have gone up!
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EPISODE HIGHLIGHTS:
(00:22) Understanding Rates and Whole Life Insurance
(01:23) The Misconception of Rates in Financial Decisions
(02:25) A Good Decision About Rates Now Can Be a Bad One Later
(04:10) The Benefits of Whole Life Insurance Beyond Rates
(12:30) Policy Loan Rates Explained
(20:33) The Importance of Control Over Financing
(20:45) Time Preference and Financial Planning
(24:07) Recommended Reading on Interest Rates
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Be sure to check the link below for additional resources in this episode!
This week, we discuss the almost unreal financial potential of saving money. Yes, saving money.
In today's world of unicorn startups, crypto, and all-time-high bull markets, saving money can sometimes seem like a wasted effort.
We're here to show you that good, old-fashioned money saving might soon be viewed as the next "hack" to gaining financial freedom. Contrary to popular opinion, it's incredibly powerful and not as hard as you think.
Also - check out this video to see how saving at 4% beats investing at 10% 🤯
Your Maximum Financial Potential
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EPISODE HIGHLIGHTS:
(00:38) We all have a savings problem - and it's not what you think
(01:17) Silicon Valley has a BIG savings problem - and it is what you think
(04:44) High time preference - "Keeping up with the Joneses"
(14:10) Parkinson's Law and burn rate
(17:24) The Infinite Banking Concept - a strategic solution to saving
(26:29) Creating a wealth coordination account to turn savings upside down
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
This week, we talked to a real client, Ian King, who has an impressive professional life. Ian works full-time in enterprise tech but is also a business owner and successful real estate investor.
Ian talks about how, by ditching his ego and focusing on capitalizing (Infinite Banking) first rather than rushing to own more real estate "doors," he has become a much more discerning investor.
Ian King on LinkedIn
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EPISODE HIGHLIGHTS:
(03:02) The process of learning IBC
(09:12) 1:1 equity transfer from real estate to whole life
(15:10) Margin call! Learning from mistakes in accessing capital
(22:00) The power to turn down deals because of IBC
(40:55) Addressing common hang-ups with Infinite Banking
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
After publishing our 100th episode last week, we thought we'd take it back to basics for episode 101 and provide an "IBC 101" episode. Ten things you should know when getting started with The Infinite Banking Concept®.
Join us as we discuss a list John Montoya created over a decade ago. It was no surprise to us that all 10 points are still applicable today. That's how principles work!
Whether you're brand new or an IBC veteran, trust us: there will be something here for you.
EPISODE HIGHLIGHTS:
(01:24) Unlocking the Power of Guaranteed Cash Value
(03:42) Maximizing Your Policy's Early Years: The IBC Strategy
(06:32) The Magic of Paid Up Additions Rider
(10:47) Dividends: The Icing on Your Financial Cake
(15:43) Uninterrupted Compounding: The Financial Unicorn
(19:58) Accessing Your Money: The Smart, Dumb, and Sad Ways
(23:51) Taking Control with Policy Loans
(30:02) Whole Life vs. 401ks and IRAs: Understanding Your Options
(33:30) Expanding Your Funding Capacity with Whole Life Policies
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
In the 100th episode of the Strategic Whole Life Podcast, hosts John Montoya and John Perrings bring together two of their best clients, Declan Wilson, owner of Bannside Construction, an SF Bay Area general contracting company, and Brant Scheifler, CEO of Automatic Outreach, a North Carolina SEO company, to share their experiences with The Infinite Banking Concept (IBC).
We talk about how they discovered IBC, its impact on their financial strategies, and how IBC's flexibility and security have facilitated personal and business financial growth.
We hear their real, personal accounts about how whole life insurance has "saved their bacon" (and their businesses) on multiple occasions by providing liquidity when they needed it most.
EPISODE HIGHLIGHTS:
00:00 Welcome to the 100th Episode Celebration!
00:42 Introducing Our Special Guests: Declan and Brant
01:12 Declan's Journey with Infinite Banking Concept (IBC)
07:05 Brant's Path to Discovering IBC
10:38 Addressing Misconceptions and the Power of IBC
19:45 Real-Life Benefits of Practicing IBC
35:04 Advice for Newcomers to IBC
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
When people think of tax-advantaged financial assets, they often think of ROTH accounts and municipal bonds. It's often acknowledged that life insurance has preferential tax treatment, but just as often dismissed because of what they think they know about permanent life insurance.
In today's episode, John Montoya will convey to you why you should not gloss over the tax advantages of whole life insurance!
EPISODE HIGHLIGHTS:
00:18 Exploring the Triple Tax Exempt Status of Whole Life Policies
02:07 Deep Dive into Roth IRAs: Pros, Cons, and Tax Benefits
04:32 Municipal Bonds: Investing Locally with Tax Exemptions
06:42 The Power of Whole Life Insurance: A Comprehensive Guide
11:24 Navigating the Negatives: Whole Life Insurance Limitations
15:28 Strategic Financial Planning with Whole Life Insurance
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, I was a guest on the Wealth Warehouse podcast with Dave Befort and Paul Fugere and also joined by Brandon Goswick and Nate Dean, hosts of Cash Flow Legendz.
These are a few of my inner-circle Authorized IBC Practitioner colleagues who were all in attendance at this year's Infinite Banking Think Tank, hosted by the Nelson Nash Institute in Las Vegas.
In this episode, you'll hear some great insights, highlights, and takeaways from the event by some of my favorite IBC Practitioners.
Wealth Warehouse -- [CAPTIVATE]
Cash Flow Legendz -- [PODBEAN]
Episode Highlights:
(03:00) Nate Dean: The IBC Community's giving nature and importance of the death benefit
(05:00) John Perrings: The challenge and reaffirmation of the IBC brand
(07:00) Plan vs. a lifestyle
(09:00) Brandon Goswick: reflections on the inevitability of death and the practitioner's role in clients' lives
(11:00) The emotional and financial relief that whole life insurance provides to grieving families
(13:00) The importance of genuine connection with clients and the unique assurance whole life insurance offers.
(15:00) Emphasizing the mutual aspect of whole life insurance and the collective benefit it brings.
(19:00) Dave Befort: "I need to increase my premium!"
(21:00) Investment risk vs whole life security
(23:00) The value of adding a 'pause' before accessing policy loans
(27:00) The importance of building a strong financial foundation before pursuing other investments
(29:00 Dave Befort: "Again, I need to pay more premium!"
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, we get into the essential attitudes that set buyers up to get the most out of their whole life insurance policy.
Not surprisingly, they match up to those needed to practice The Infinite Banking Concept™!
Curiosity and Courage are key drivers to cutting through all the noise in the financial world so that you can have the ultimate control over your financial life and become your own banker.
Episode Highlights:
[01:00] Curiosity and courage as essential mindsets for starting whole life insurance.
[02:00] Overcoming misconceptions about life insurance.
[04:00] Whole life insurance as a distinct asset class and its benefits.
[06:00] Exploring additional benefits of whole life insurance for retirement income.
[08:00] The importance of locking in your insurability and cost basis.
[10:00] The long-term approach and strategic value of whole life insurance.
[12:00] Using whole life insurance for smart leverage and wealth creation.
[14:00] Countering typical financial advice and the value of whole life insurance.
[16:00] The importance of being your own advocate and taking informed action.
[18:00] Clarifying cost basis and the uniqueness of whole life insurance.
[20:00] Real-life impact and the significance of understanding your policy.
[22:00] Misconceptions about policy design and the inherent value of whole life.
[24:00] The role of curiosity and courage in discovering and utilizing whole life insurance.
[26:00] Emphasizing the guaranteed aspect of whole life insurance and its contrast with other financial strategies.
[28:00] No luck required: Whole life insurance as a surefire asset.
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this week's episode, we compare policy loans from a whole life insurance policy vs. margin loans. When discussing policy loans used with the Infinite Banking Concept™, sometimes people will be dismissive of the strength of policy loans because they have the ability to borrow on margin aginst the value of their stocks.
But policy loans vs margin loans are an apples-to-oranges comparison.
We compare the following:
Reliance on third-party creditLoan-to-value (LTV) ratiosThe typical underlying assumptions used when choosing margin loans---
EPISODE HIGHLIGHTS:
[01:00] Third-Party Risk Discussion
[08:00] Risks of Margin Loans
[09:00] Loan to Value Ratios Explained
[12:00] Control and Safety with Policy Loans
[16:00] Assumptions in Credit Analysis
[21:00] Foundation of Financial Strategies
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, we talk with Walter Young, co-author of The Fifth Option, about a transformative approach to retirement income planning.
Walter challenges typical retirement planning and the "4% Rule" and offers solutions to live a plentiful retirement based on predictable income.
When you only have one shot at this, cash flow beats "balance sheet" (aka "B.S.") retirement planning every time.
The best part is that if you're practicing IBC, you're already on the right path.
Visit Walter at www.TheFifthOption.com
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EPISODE HIGHLIGHTS:
[02:44] The "B.S." retirement plan and the shift from "balance sheets" to cash flow
[09:48] The desert island dilemma - How long does your water need to last?
[06:45] The Fifth Option - alleviate retirement constraints
[16:14] Pensions and private pensions
[21:14] The role of life insurance
[30:54] Beat the Bear strategy: navigating market volatility in retirement
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
Today's episode is for those spouses looking for ways to get their significant other on board with The Infinite Banking Concept. Let's work together to get some financial harmony in our lives!
As Montoya puts it, IBC is a "common sense test," not an "IQ test." Whole life insurance is just another asset class that happens to be really good at building financial foundations.
So all you and your significant other need are open minds to understand how IBC will put safety, liquidity, and control at your fingertips.
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EPISODE HIGHLIGHTS:
[03:00] Key requisites for spousal agreement on IBC
[06:00] The paramount importance of protection in financial planning
[08:00] Reclassifying what most of us consider "traditional"
[12:00] Real estate and stock market investments vs. IBC safety
[15:00] The principle of financing everything you buy
[18:00] The illusion of FDIC insurance and the reality of bank solvency
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In today's episode, we get into a trend we've observed in the realm of whole life insurance. That is combining whole life with a specific strategy or investment during the buying process.
We explore how the allure of clubs, strategies, and investment groups can sometimes sidetrack individuals from the fundamental principles of IBC, pushing them towards investment-centric strategies that might not align with their initial goals. Our discussion highlights the critical importance of focusing on the core message of becoming your own banker.
Understanding the tradeoffs and risks of prioritizing early cash value, over-leveraging through loans, and over-committing on premium amounts is an absolute must.
Join us as we reinforce the essence of IBC and the significance of building a solid financial foundation for the long term.
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EPISODE HIGHLIGHTS:
[05:00] Discussion on the core message of becoming your own banker.
[12:00] Examination of early cash value and loan maximization.
[16:00] The potential risks of overextending premium amounts.
[21:00] Maintaining the insurable need and protecting family interests is important.
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In episode 92, we will talk about "the banking function," a true revelation by Nelson Nash, and before the release of "Becoming Your Own Banker," unfathomable to the average working man.
Glossing over this core IBC principle can result in missed opportunities to capture the spread as "the bank" between your cost of money and the market interest rate.
So tune in to learn more!
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EPISODE HIGHLIGHTS:
[00:02:00]: Discussion on the problem of traditional banking systems
[00:03:00]: Exploring the need for personal financing solutions
[00:05:00]: How conventional financial advice leads to control issues
[00:06:00]: Addressing the constantly moving goalpost of typical retirement planning
[00:07:00]: "You finance everything you buy"
[00:09:00]: The limitations of cash spending in building wealth
[00:11:00]: Necessity of being strategic with capital
[00:13:00]: How much cash value is needed for personal banking
[00:15:00]: Identifying the financial problem as a foundational step
[00:17:00]: The importance of starting the infinite banking process
[00:19:00]: Shifting focus from investments to becoming your own banker
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In Episode 91, we debunk some of the most common misconceptions perpetuated in the world of financial planning.
Join us as we get into some myths about:
401k and IRA deductionsThe sole purpose of life insuranceMisunderstood commission structuresThe 4% withdrawal ruleAnd the traditional 60/40 stock-bond allocation.EPISODE HIGHLIGHTS:
[00:01:00] - Introduction and discussion on the first myth regarding 401k and IRA contributions and the misconception about tax deductions.
[00:03:00] - Insights on who benefits from investments in qualified plans and the concept of the "lobster trap" in financial planning.
[00:05:00] - Examination of the use of whole life insurance policies for liquidity and control, as opposed to the limitations of 401k plans.
[00:07:00] - Analysis of the perspective on term insurance, its limitations, and the advantages of whole life insurance.
[00:09:00] - Discussion on life insurance policy commissions and their comparison with assets under management fees.
[00:11:00] - Exploration of the 4% withdrawal rule as a retirement strategy and its practical challenges.
[00:13:00] - Explanation of how whole life insurance can enhance the 4% rule for more secure retirement income.
[00:15:00] - Debunking the myth of the 60/40 stock-bond allocation, including challenges faced in the bond market.
[00:17:00] - Argument for using whole life insurance as a risk transfer tool, superior to traditional bond investments.
[00:19:00] - Critique of conventional wisdom around life insurance commissions.
[00:21:00] - Discussion of the real purpose of term insurance and the historical perspective of life insurance sales strategies.
[00:23:00] - Final thoughts on understanding financial planning myths and the value of whole life insurance in a diversified financial strategy.
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
Video mentioned in the episode: WILL A RECESSION WIPE OUT ETF LIQUIDITY?
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
-
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In Episode 90, we talk about why whole life insurance is the ultimate cash asset. This episode sheds light on the best places for your money, explores the Economic Value Added nature of whole life insurance, and challenges common misconceptions about its role in financial planning.
Tune in to transform your understanding of whole life insurance from a mere death benefit to the ultimate cash asset that makes everything you're already doing work even better.
EPISODE HIGHLIGHTS:
00:55 Origins of the concept of "Cash"
02:50 Understanding Insurance as a cash asset
03:52 A Growth mindset should take cash into account
04:16 Hidden Benefits of Whole Life Insurance
05:55 The Importance of an Emergency Fund
06:29 Cash and Market Volatility
08:16 The Best Places to Keep Cash
08:48 The Power of Whole Life Insurance for Emergencies
16:04 Infinite Banking 101: You Finance Everything You Buy
18:02 Cash as a Symbol of Freedom
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
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