The Infinite Banking Concept® (IBC) is privatized banking, using the private, guaranteed, and permanent cash value of a whole life insurance policy as the platform. IBC puts you in control of your money so you can keep it, grow it, and pass it on without taking any of the unnecessary risks that you otherwise get when you listen and follow the mainstream media about personal finance. You'll learn the multiple and varied reasons why IBC should be part of your long-term plan and why up until now this strategy has been hiding in plain sight waiting for you to discover one of the best kept secrets in financial planning. Your hosts, John Montoya and John Perrings, are authorized IBC practitioners with the Nelson Nash Institute 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! The Fifth Edition podcast is our way to explain the IBC strategy in simple terms so you can make it real in your life!
Out of all the misunderstandings about whole life insurance, the idea that it gets a "terrible rate of return" is probably the most common.But is it true?Tune in and, if you can, watch this one on video. I'm going to get out the Truth Concepts calculator and prove to you that whole life gets exceptional growth, compared to other assets, when you know how to compare capital equivalent value.----EPISODE HIGHLIGHTS:00:15 Debunking Myths About Whole Life Insurance01:04 Recommended Reading for Whole Life Insurance01:52 Understanding Whole Life Insurance Rate of Return03:26 Using the Truth Concepts Calculator05:10 Comparing Whole Life Insurance to Other Assets09:16 The Value of Permanent Life Insurance----LINKS:SCHEDULE A CONSULTATIONhttps://www.strategicwholelife.com/p/...Online Course: IBC MASTERYhttps://www.stackedlife.com/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 usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!https://www.strategicwholelife.com/p/...----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:https://www.stackedlife.com/ibc-mastery
A financial mania is when everyone is clamoring to buy the same thing at the same time at any price.Isn't that exactly what the typical financial planning advice has us do? Just about everyone you know is, right now and for the last twenty years, plowing dollar after dollar into an index fund tracking the S&P500, mutual funds, etc.And the only information we have about this investment strategy is changing variables.What about this precisely is a "financial plan?"Tune in to learn about how principles beat variables every time.----EPISODE HIGHLIGHTS:00:18 What is a Mania or Bubble01:03 Typical Financial Planning03:46 The Problem with Average Rates of Return04:44 The Uncertainty in Financial Planning06:57 Planning Principles, not Variables07:48 Accumulation + Distribution Assets11:09 Strategies for Retirement Income13:31 The Best Part is IBC Comes Attached Automatically----LINKS:SCHEDULE A CONSULTATIONhttps://www.strategicwholelife.com/p/contact/Online Course: IBC MASTERYhttps://www.stackedlife.com/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 usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!https://www.strategicwholelife.com/p/contact/----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:https://www.stackedlife.com/ibc-mastery
A common misconception about whole life insurance is that you're locked into paying a big premium forever. In this episode, we'll discuss all the ways this is not true, especially when buying a policy designed for The Infinite Banking Concept, which most often uses the Paid-Up Additions Rider.Certainty has a true economic value, and the predictability of a whole life premium over decades is a true financial boon.Tune in to learn all about it!----EPISODE HIGHLIGHTS:02:21 Comparing Whole Life to Other Insurances09:10 Flexibility offered by the PUA Rider18:44 Billing Modes and Payment Strategies24:36 Options for Managing Premium Payments----LINKS:SCHEDULE A CONSULTATIONhttps://www.strategicwholelife.com/p/contact/Online Course: IBC MASTERYhttps://www.stackedlife.com/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 usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!https://www.strategicwholelife.com/p/contact/----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:https://www.stackedlife.com/ibc-mastery
Follow us through time as we talk about how The Infinite Banking Concept can make a difference in your financial life at every stage of life.We talk about IBC in our 20s, 30s, 40s, 50s, 60s, and 70s and beyond.It's not called "Whole Life" insurance for nothing! Tune in...----EPISODE HIGHLIGHTS:02:26 Starting Infinite Banking in Your 20s08:05 Building Wealth in Your 30s12:34 Maximizing Financial Strategies in Your 40s15:09 Financial Planning in Your 50s19:40 Preparing for Retirement in Your 60s29:00 Estate Planning and Legacy in Your 70s31:36 Conclusion and Further Resources----LINKS:SCHEDULE A CONSULTATIONhttps://www.strategicwholelife.com/p/contact/Online Course: IBC MASTERYhttps://www.stackedlife.com/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 usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!https://www.strategicwholelife.com/p/contact/----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:https://www.stackedlife.com/ibc-mastery
In this episode, John Montoya explains the ins and outs of premium deposit funds.If you've ever wondered about one of the ways to pay for whole life insurance with a single lump sum, tune in to this short and sweet episode for everything you need to know about premium deposit funds.----EPISODE HIGHLIGHTS:00:43 Advantages of Premium Deposit Funds04:35 Considerations and Setup05:58 Flexibility and Convenience----LINKS:SCHEDULE A CONSULTATIONhttps://www.strategicwholelife.com/p/contact/Online Course: IBC MASTERYhttps://www.stackedlife.com/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 usGet in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!https://www.strategicwholelife.com/p/contact/----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:https://www.stackedlife.com/ibc-mastery
When comparing term insurance costs to whole life insurance, you can't use grade school math and add up the premiums paid over time.With money, we must use financial math to account for the time variable. When we do that, the numbers tell a much different story than what the "buy term, invest the difference" people tell.The true cost of term insurance could be tens of millions or more!Join us today as we once again examine some numbers to reveal the truth about what term insurance really costs.----EPISODE HIGHLIGHTS:00:53 Understanding Asset Classes01:39 Term Insurance vs. Whole Life Insurance04:18 Cost Analysis: Math vs. Financial Math06:30 Graphical Illustration of Costs10:50 Generational Impact of Term Insurance----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
John Montoya covers 31 insights he devised about the importance of whole life insurance.This is a detailed list of observations, ranging from whole life's historical significance and tax advantages to its role in financial independence, the banking function, and family security.There really is no other asset like whole life insurance!Tune in...----EPISODE HIGHLIGHTS:00:21 The Motivation Behind This Episode00:57 31 Key Insights About Whole Life Insurance05:36 The Philosophy and Impact of Whole Life Insurance11:40 Avoiding "Arrival Syndrome"17:26 Encouragement and Final Thoughts----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
When comparing the costs of term life insurance vs whole life insurance, we can't just compare the premium prices and call it a day.Because whole life insurance is an asset that builds equity, not all premiums are a true cost like they are with term insurance.In this episode, we break down the math and provide a real, apples-to-apples comparison of the true costs of term vs. whole life. Check it out!----EPISODE HIGHLIGHTS:00:20 Term vs. Whole Life Insurance01:11 The Math Behind Insurance Costs04:00 Term Insurance Risks06:29 Whole Life Insurance Builds Equity12:55 Real Client Example: Cost Analysis18:41 The Unseen Costs of Term Insurance----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 today's episode, we discuss a misleading IUL ad we found on Instagram. We break down the numbers to explain why this ad (and IUL in general) is, in our professional opinion, a smoke-and-mirrors game.Indexed Universal Life (IUL) is often touted as "unbundled whole life insurance" or, worse, just like an investment but with no risk...Nothing could be further from the truth. IUL is not an investment, and it's not just "unbundled whole life," either. Tune in to learn all about IUL.----EPISODE HIGHLIGHTS:00:17 Misleading IUL Ads: A Real-Life Example02:01 The Impermanence of IUL Policies04:20 What Floors, Caps, and Par Rates Do to the Numbers!08:24 Historical Context and Regulatory Changes27:37 The Cost of Insurance in IUL Policies35:17 A Call to Action If You Own an IUL Policy----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
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
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!----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
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.----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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.----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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!----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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!----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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%
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----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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 CONSULTATIONOnline 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 usGet 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 Brant01:12 Declan's Journey with Infinite Banking Concept (IBC)07:05 Brant's Path to Discovering IBC10:38 Addressing Misconceptions and the Power of IBC19:45 Real-Life Benefits of Practicing IBC35:04 Advice for Newcomers to IBC----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 Policies02:07 Deep Dive into Roth IRAs: Pros, Cons, and Tax Benefits04:32 Municipal Bonds: Investing Locally with Tax Exemptions06:42 The Power of Whole Life Insurance: A Comprehensive Guide11:24 Navigating the Negatives: Whole Life Insurance Limitations15:28 Strategic Financial Planning with Whole Life Insurance----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 CONSULTATIONOnline 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 usGet 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 CONSULTATIONOnline 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 usGet 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 CONSULTATIONOnline 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 usGet 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---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----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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.---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 CONSULTATIONOnline 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 usGet 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.---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 CONSULTATIONOnline 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 usGet 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!---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 CONSULTATIONOnline 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 usGet 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 CONSULTATIONOnline Course: IBC MASTERYVideo 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 usGet 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 asset03:52 A Growth mindset should take cash into account04:16 Hidden Benefits of Whole Life Insurance05:55 The Importance of an Emergency Fund06:29 Cash and Market Volatility08:16 The Best Places to Keep Cash08:48 The Power of Whole Life Insurance for Emergencies16:04 Infinite Banking 101: You Finance Everything You Buy18:02 Cash as a Symbol of Freedom----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 89, we explore the secret behind why using whole life insurance for IBC really works.Using the Law of Large Numbers and the principles of actuarial science, mutual insurance companies, with their thousands of policy-owning stakeholders, hold the key to the benefits of whole life and IBC.As a policy owner, you're a part-owner of the mutual company. Being an owner of a company is not just about you and what your policy can do for you. It's about you and all the other policy owners working together in a corporate body. It's precisely this that gives whole life insurance its superpowers.EPISODE HIGHLIGHTS:01:02 The Role of Mutual Insurance Companies in IBC02:16 The Unique Benefits of Whole Life Insurance03:00 The Pitfalls of Self-Centered Approach in IBC03:44 The Power of Mutual Benefit in IBC05:16 The Importance of Respecting the Mutual Company and Your Policy06:58 IBC is a Process, Not a Hack to Bleed Dry07:38 The Regrets of Not Starting IBC Earlier----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 88 of the Strategic Whole Life podcast, we talk about the (mostly bad) advice some people get to max out the loan provision immediately after buying a whole life insurance policy. This not only creates several risks, but the benefits of IBC go way beyond maxing out loans.IBC is not a gimmick or a trick. Policy loans are still loans. With IBC, we can protect ourselves from the often arbitrary decisions of bankers and politicians. But to do so, we must, in turn, protect this incredible asset, whole life insurance.00:07 What we are doing with The Infinite Banking Concept (IBC)01:20 Personal Experiences with Traditional Banking03:10 The Importance of Long-Term Thinking in IBC04:12 The Value of Liquidity and the Role of IBC05:33 The Journey to Financial Sovereignty08:24 Understanding the Risks of Max Loans10:35 The Value of Whole Life Insurance13:07 A Silver Lining----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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.Don't Separate Base Premium and PUA When Buying Whole Life InsuranceIn episode 87, we talk about the risks of looking at base whole life premium and paid up additional life insurance (PUA) as separate considerations during the buying process.Treating base premium as the baseline commitment and PUA as a 'stretch target' can lead to unfulfilled expectations and potential policy underperformance or worse... We highlight the importance of setting a sustainable and comfortable premium level, advising against making PUA a stretch goal. This concern is especially relevant during the early years of a policy, and when the policy is designed for high PUA to base premium ratios.What should you consider instead? Tune in to find out!00:07 Understanding Base Premium and Paid Up Additions00:54 The Dangers of Overcommitting to Premiums02:09 Components of a Whole Life Insurance Policy03:30 The Risks of Making PUA a Stretch Target04:22 The Impact of Not Paying PUA07:19 Agents and Commissions08:40 Designing a Sustainable Premium09:35 Determining the Correct Premium11:20 Conclusion and Next Steps----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 86, we discuss how practicing The Infinite Banking Concept™ can sometimes lead to a tendency to perceive whole life insurance as an "account," similar to a bank or brokerage account. This is not the case, and we'll talk about why!In this episode:We'll talk about the reality behind withdrawing cash value and the implications of policy lapse.Learn about the actuarial foundations that empower whole life insurance with its unique benefits.Discover how whole life insurance offers respectable growth, liquidity, leverage, and guarantees, distinguishing it from other "account"-based financial products.---EPISODE HIGHLIGHTS01:02 Understanding Whole Life Insurance as Not an "Account"02:35 Examples of "Account" Misconceptions07:05 The Superpowers of Whole Life Insurance Come From it NOT Being an "Account"----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 delve into the concept of whole life insurance dividends. We clear the usual misconception people have about dividends, explaining that insurance dividends are different from stock dividends.Here, we clarify that a whole life insurance dividend is essentially a yield coming from the surplus profit of a mutual based company. However, its calculation is more complex as it doesn't automatically imply specific yield to a policy. We emphasize the significance of the guaranteed values in whole life policies and how dividends add to this value. This discussion also touches upon the philosophy of why one should start with whole life policies and how dividends, which are part of the bigger financial picture, become a bonus.The key takeaway is understanding that insurance dividends come from a well-run, highly-regulated company, and longer you've been with them, the higher your dividend.EPISODE HIGHLIGHTS00:00 Introduction to Whole Life Insurance Dividends00:07 Understanding the Nature of Dividends00:41 How Dividends are Calculated and Distributed01:06 The Role of Surplus Profit in Dividends02:33 The Difference Between Whole Life Dividends and Stock Dividends06:11 The Impact of Dividends on Policy Maturity07:34 Misconceptions About Dividend Rates11:23 The Importance of Guaranteed Values Over Dividends13:42 Comparing Whole Life Dividends to Stock Dividends16:16 The Long-Term Benefits of Whole Life Dividends19:44 Conclusion: The Value of Whole Life Dividends----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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). Episode 84 of the Strategic Whole Life podcast, "Beyond the Rate of Return: A Strategic Approach to Wealth Building." John Perrings challenges the conventional obsession with returns in financial planning.Drawing from his construction and finance experience in the data center industry, John uncovers why savvy institutional investors prioritize control and risk management over mere rate of return.Go through the financial lifecycle of an average investor, revealing how focusing on expense management and efficient use of resources can lead to more sustainable wealth growth than chasing volatile returns. EPISODE HIGHLIGHTS:00:00 Introduction and Podcast Rebranding00:18 Episode Overview: The Rate of Return Race01:04 Financial Insights from the Data Center Business02:10 Understanding Institutional Investors' Priorities03:52 The Financial Journey of a Typical 35-Year-Old05:56 The Impact of Taxes and Debt on Personal Finance08:08 The Illusion of High Rate of Return08:59 The Importance of Controlling Money Outflow11:09 The Money Race: Tortoise (Banking) vs. Hare (Investing)11:39 The Power of Capitalizing Before Investing14:28 The Infinite Banking Concept: A Platform for Recycling Money14:42 Conclusion: Moving Away from Rate of Return Focus15:15 Look Below for Our Online Course----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.In Episode 83, host John Montoya interviews Doug McKenzie, a new Infinite Banking Concept (IBC) practitioner, to explore his transition from a traditional financial mindset to embracing IBC. Doug shares his initial skepticism about whole life insurance and how his quest for more efficient financial strategies led him to IBC. The episode delves into Doug's personal experiences with IBC, emphasizing the peace of mind and control it brought into his life, especially in managing unforeseen expenses and life transitions.The discussion pivots to Doug's decision to become an IBC practitioner, highlighting the rigorous training and mentorship process he underwent through the Nelson Nash Institute. He stresses the importance of proper education and guidance in the field and how these have been crucial in building his confidence and expertise. Doug and John discuss common misconceptions they encounter, such as viewing policy premiums as an expense rather than a form of saving and the challenge of shifting perspectives from traditional investment vehicles to the holistic benefits of IBC.As the episode concludes, Doug offers insights for those considering IBC, emphasizing the need to appreciate its unique risk profile and asset class. His personal journey from a listener to a practitioner serves as an inspiring example for anyone looking to transform their financial approach and help others do the same.EPISODE HIGHLIGHTS:00:38 Guest Introduction: Doug McKenzie01:12 Doug's Journey to IBC04:13 Overcoming Misconceptions about IBC05:55 The Impact of IBC on Doug's Life09:20 The Decision to Become an IBC Practitioner12:01 The Process of Becoming an IBC Practitioner21:07 Challenges and Tips for New IBC Practitioners25:31 Conclusion and Contact Information----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.In Episode 82, we welcome Todd Langford, creator of the Truth Concepts software, for an enlightening conversation on the complexities of financial math and the misconceptions surrounding whole life insurance. Todd shares his journey from biology to finance, highlighting the significant role of advisors in demystifying financial strategies. In our talk, we tackle common misunderstandings in financial calculations, especially with interest rates. Todd debunks myths about the returns of whole life insurance, illustrating its crucial role in a well-rounded financial portfolio.This episode delves deep into the concept of 'certainty assets' like whole life insurance, emphasizing their importance in ensuring financial stability, especially in uncertain economic times. We also explore the intricacies of policy design in life insurance and the impact of strategic decisions on long-term financial planning. Todd's insights on real estate investing, legacy planning, and the importance of long-term planning provide listeners with a comprehensive understanding of how to plan for the future effectively. Join us for this informative session that promises to reshape your perspective on finance and investment.EPISODE HIGHLIGHTS:[00:00:47] Introducing Todd Langford - A mentor in the financial industry and founder of Truth Concepts software.[00:02:00] Todd's Unique Journey - From biology to finance and his transition into the financial industry.[00:03:01] The Quality of Advisors - Todd discusses the unique group of advisors within the financial services business.[00:05:11] The Role of Advisors - Importance of financial advising beyond mere mathematics.[00:06:11] Misinformation in Financial Math - Addressing common misconceptions and errors in financial calculations.[00:07:24] Mortgage Interest Misunderstandings - Debunking typical mortgage payments and interest rates myths.[00:09:00] Understanding Policy Loans and Interest Rates - Todd explains the importance of perspective when borrowing and repaying loans.[00:12:19] Whole Life Insurance Returns - Discussing the misconceptions about the returns on whole life insurance compared to other investments.[00:14:34] Whole Life Insurance as an Asset Class - Explaining why whole life insurance should not be viewed solely as an investment.[00:17:20] Certainty Assets and Life Insurance - The necessity of having certainty assets like whole life insurance for financial stability.[00:20:17] The Role of Cash Reserves in Business - How companies like Apple use cash reserves effectively.[00:23:42] Policy Design and Trade-offs - Understanding the trade-offs in policy design for whole life insurance.[00:29:55] Insurance Company Risks and Policy Design - Discussing how insurance companies manage risks with policy designs.[00:34:53] Real Estate Investing and Opportunity Costs - Addressing the focus on opportunity cost in real estate investments.[00:37:22] Legacy Planning and Business Transitions - The importance of considering future business and legacy planning transitions.[00:39:59] Long-Term Financial Planning - Emphasizing the importance of long-term planning over short-term gains.[00:41:46] Life Insurance Paired with Other Assets - How life insurance can enhance other investment assets.[00:43:36] Contact Information for Todd Langford - Details on connecting with Todd and learning more about Truth Concepts.----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline Course: IBC MASTERY----About Your...
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.Welcome to the final installment of our transformative series, "IBC First Principles: Mastering the Basics of Privatized Banking, Part 3."In Episode 81, we bring our three-part series to a close by examining principles 8 through 10. We discuss:The unparalleled value of storing cash in a whole life insurance policyThe empowerment of financial self-sovereignty andThe critical importance of long-range thinking in today's instant-gratification culture.Discover how leveraging the strength of top mutual life insurance companies can maximize your dollars, how having accessible capital can bring opportunities to your doorstep, and why the long-range view offers a safer, more stable financial future. Tune in and learn why you should embrace these timeless principles that can solidify your financial independence.KEY MOMENTS:01:05 Principle 8: Park Wealth for Maximum Economic Value - Your money should reside somewhere it can do multiple jobs for you simultaneously.12:19 Principle 9: The Golden Rule - "He who has the gold makes the rules." Do you really have control over your assets?22:59 Principle 10: Think Long Range - In today's culture of "hacks" and "FOMO," this might be the most crucial principle on this list.----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.Episode 80: Dive into Part 2 of the enlightening "IBC First Principles: Mastering the Basics of Privatized Banking." This segment unpacks principles 4 through 7, shedding light on the journey of your money and the importance of where it resides.We'll explore why whole life insurance is not just a financial tool but a private innovation crafted to empower individuals and how it aligns with the principle that your financial solutions should improve annually, just as you do. Plus, we debunk the myth of wasted dollars in whole life insurance, illustrating how every cent contributes to building lasting value.Join us for another empowering session that will deepen your understanding and commitment to the Infinite Banking Concept.KEY MOMENTS:00:02 Introduction and Welcome00:20 IBC First Principles, Part 2: Money Must ResideSomewhere01:21 The Importance of Liquidity and Control02:22 The Efficiency of Whole Life Policies05:10 The Power of Pooling Capital06:39 Whole Life as a Private Invention07:08 The Importance of Personal Responsibility09:43 The Pitfalls of Relying on Government13:01 Getting Better Every Year18:57 No Dollar is Wasted25:43 Whole Life as an Asset28:14 Conclusion and Next Steps----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 Part 1 of our 3-part series "IBC First Principles," we analyze some core concepts that make up The Infinite Banking Concept (IBC). In this episode, we discuss the first three of ten "first principles":Learn how understanding traditional financial systems empowers you to take control of your money ("If you know what's going on, you'll know what to do").Discover the principle of "one pool of money" and the transformative power of cash flow over cash amount.Finally, grasp why "banking is the most important business in the world" and how becoming your own banker can change your financial life. Tune in and lay a strong foundation for your financial journey.KEY MOMENTS:00:01:00 - Understanding the Importance of Infinite Banking 00:03:07 - The Flaws of Traditional Banking Systems 00:05:41 - Valuing Financial Freedom 00:06:29 - Becoming an Insider 00:09:10 - The Problem with Fractional Reserve Banking 00:16:21 - The Illusion of Control in Real Estate 00:17:25 - The Importance of Weathering Financial Storms 00:18:34 - Opportunity Cost and Liquidity 00:20:27 - Banking as a Higher Order Operation 00:25:35 - Banking as the Most Important Business ----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet 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 Episode 78, we look hard at the "side hustle" and "hack" culture that has attempted to latch on to and sensationalize The Infinite Banking Concept™. It has resulted in an epidemic of generic life insurance advice. It's a race to the bottom to see who can show the "best" cash value. But what does that even mean?Agents pushing whole life insurance policies with a hyper-focus on early cash value reinforce a short-term, high-risk financial mindset that can have significant long-term drawbacks.Meanwhile, understanding the tradeoffs of different policy design components allows clients to solve for their needs on a much broader basis.Tune in as we explore how a whole life policy, designed with strategic capitalization in mind, is the foundation for future investments, potentially putting you millions of dollars ahead.EPISODE OUTLINE:00:00:32 - Hyper Focus on Early Cash Value 00:05:08 - Missing the Bigger Picture 00:07:30 - Understanding IBC 00:09:01 - Importance of Information and Decision-Making 00:14:58 - Introduction 00:15:14 - Locking Money for Decades 00:16:42 - Don't Fear Paying a Premium 00:19:00 - Premium as a Value 00:21:02 - Beware of Sensationalism ----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you want to see how to 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
Main Episode DescriptionIn this essential Episode 77, we navigate the complex world of disability protections, examining the "Disability Waiver of Premium" rider in whole life insurance policies and how it contrasts with an actual disability insurance policy.But that's not all: we also delve into how disability insurance can complement The Infinite Banking Concept (IBC). Discover how the waiver is like putting insurance on your insurance, meant to keep your "bank" operating, while disability insurance focuses on income replacement. This episode equips you with the knowledge to make informed decisions that align with your IBC journey and fortify your financial plans against life's curveballs.Combining true disability insurance with a whole life waiver of premium ensures that your financial life can continue to move forward as planned, no matter what happens.Episode Outline:00:00:00 - Introduction 00:00:41 - Why is Disability Insurance Important? 00:02:49 - Disability Waiver of Premium vs. Disability Income Insurance 00:05:27 - Basics of the Disability Waiver of Premium Rider 00:09:07 - Duration of Waived Premiums 00:15:52 - Disability Insurance Policies, 00:16:24 - Short Term vs Long Term Disability, 00:17:00 - Buying Individual Policies, 00:18:00 - Calculating Benefits and Elimination Periods, 00:20:45 - Additional Riders----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you want to see how to 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
Main Episode DescriptionIn Episode 76, we hit on one of the most relatable yet destructive emotions in personal finance: the Fear of Missing Out, or "FOMO."As you implement The Infinite Banking Concept (IBC), FOMO is one of the first problems that can pop up and derail the process. It's so easy to get lured into the glitz and glamour of immediate investment returns. Almost everything else you see in the news and social media is designed to give you FOMO!A mindset focused on short-term gains can jeopardize the strategic foundation of capitalizing through a whole life insurance policy. Tune in as we discuss how to maintain focus, why sticking with the IBC principles is key for long-term success, and the costly price of giving in to FOMO. Don't miss out on this critical conversation—your financial future depends on it!Episode Outline:(07:18) Uninterrupted Compound Curve: Maximizing Whole Life Policies for Strategic Capital Accumulation(13:36) The Truth About Capitalization Period: Why Life Insurance is Worth the Wait(21:43) Unlocking Millions: The Long-Term Power of IBC vs. Short-Sighted Investments(26:52) Whole Life Insurance: The Surprising Benefits People Overlook(29:14) Saving Smarts: Why It's Not All About Rates of Return----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you want to see how to 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
Main Episode DescriptionThis episode discusses The Infinite Banking Concept and its growing relevance in today's volatile financial landscape. While many have become jaded, grappling with market fluctuations, pervasive risk, lost opportunities, and soaring debts, Infinite Banking continues to prove itself as an oasis of stability.Imagine starting a business, guaranteed to make a profit, while seasoned experts manage all the heavy lifting. That's not a fairy tale—it's the essence of whole life insurance and the mutual insurance company.We find ourselves in an age where internet gurus zealously endorse the '10x' growth model and promote complicated, debt-laden strategies and side hustles. We are spotlighting a revolutionary 'side hustle.' One that doesn't just promise but guarantees profitability, all while the insurance company manages the complexities.Moreover, we provide a clear-eyed comparison of whole life insurance to other financial assets for those wanting to understand where whole life fits in.Join us as we continue to demystify IBC and show you how this special asset class keeps getting better and better.----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you want to see how to 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
Main Episode DescriptionIn this insightful episode, John Montoya discusses one of the more nuanced elements of Whole Life Insurance: policy loan interest.Often overlooked, understanding this component is crucial for those practicing the Infinite Banking Concept ™.We start with a simple truth: There is no such thing as a free lunch!John unravels how policy loan interest is calculated and sheds light on the importance of being an 'honest banker'. Questions arise: Should you always lean on policy loans? If so, how should they be paid back? And what about paying "extra" interest?This episode is not just about understanding the charges but also about mastering the art of cash flow and ensuring all parties—policyholders and insurers alike—remain profitable. Whether you're a seasoned Infinite Banker or new to the world of Whole Life Insurance, this is an essential guide to ensuring your policy works optimally for you.----LINKS:Get in touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you'd like to see how to apply these principles to your specific 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
Main Episode DescriptionDive into a profound conversation with a titan of the life insurance world, Trent Fortner, whose 35-year career has spanned from being a multi-million dollar producer to shaping the next generation of life insurance agents as a distinguished business coach.In this episode:Software Revolution: Explore the seismic shift brought by financial software systems, transforming how clients perceive the value of whole life insurance amidst their comprehensive financial landscape.Historic Gaze: A look back at the era when agents heavily relied on "capital needs analysis," resulting in a flurry of term insurance sales. Trent discusses the overlooked nuances of Human Economic Value and positions whole life insurance as a unique asset class.Infinite Banking Insights: Trent reminisces about his engagements with the legendary Nelson Nash. From seminars to personal interactions, he paints a picture of Nelson's candid nature and deep-rooted commitment to helping people regain control over their financial lives.Information Overload: With consumers drowning in an avalanche of often contradictory information, largely propelled by the financial industry itself, Trent helps cut through some of the noise, offering clarity and perspective.Blueprint for Success: For the financial professionals out there, Trent shares invaluable advice and actionable steps to craft a thriving and sustainable practice in today's competitive environment.Join us for this enlightening episode as we navigate the evolving landscape of life insurance and financial planning, armed with Trent Fortner's decades of wisdom and experience.----Links:Get in Touch: SCHEDULE A CONSULTATIONOnline 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 usGet in touch if you'd like to see how to apply these principles to your specific 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®.A soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:IBC MASTERY
Main Episode DescriptionIn this episode, we are honored to be joined by David Stearns, Director of the Nelson Nash Institute (NNI). The NNI was started by R. Nelson Nash, the founder and creator of The Infinite Banking Concept ™. Lean more about the official home of IBC at InfiniteBanking.org.David Stearns is not only the Director of the NNI, but he's also Nelson Nash's son-in-law. He's been there from the beginning of the creation of IBC.So, tune in to this great discussion, where we learn some of the history of IBC. How and when it got it got started, and most importantly, why it got started.We'll get into IBC principles around whole life policy design and why this topic needs to center around the individual policy owner.We'll also discuss the fact that the NNI is primarily an educational organization, not a sales organization.The NNI is focused on building a network of advisors (Authorized Infinite Banking Practitioners) who are aligned and dedicated to protecting and propagating Nelson Nash's vision. The mission is to help individuals regain control over their financial lives by "Becoming Your Own Banker."----GET IN TOUCH----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 usGet in touch if you'd like to see how to apply these principles to your specific 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®.Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:IBC MASTERY----
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:IBC MASTERY----Main Episode DescriptionIn this profound episode, we journey into the very heart(!) of The Infinite Banking Concept (IBC) to explore not just the 'how', but, more importantly, the 'why'. Implementing IBC isn't just about buying a whole life insurance policy—it's about taking control of your financial life.Listen as we dive deep into the motivations that fuel the journey:The realization that our existing financial system is inherently flawed, leading to unintentional theft of your time, effort, and hard-earned money.Moral convictions that challenge the status quo of governmental practices, which, through inflation, unfairly transfer wealth.The timeless lessons from our ancestors about the importance of saving and leaving behind a legacy.Strategies to protect multiple future generations, ensuring they benefit from your financial foresight.The aspiration to build a rock-solid financial base, ready to tackle any of life's uncertainties.A peek into the unmatched benefits of uninterrupted compounding, risk minimization, and the allure of owning more assets.And lastly, understanding that money, being a placeholder of value must be placed where its impact is maximized.Join us as we unpack the philosophy and strategy behind IBC, encouraging you to find your own 'why' and truly "become your own banker."----GET IN TOUCH----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 usGet in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:IBC MASTERY----Main Episode DescriptionYou may ask yourself, "Am I ready to become my own banker?"To help answer this question, we'll use the old adage: "The best time to plant a tree was 30 years ago. The second-best time is today."With the Infinite Banking Concept®, we are taking control of the banking function. It's that simple. And if it's that simple, would you want to put it off for a while, or would you want to implement it as quickly as possible?This is the conversation in today's episode. We'll talk about three factors that affect the timing of when you might start a whole life insurance policy:Underwriting and qualificationYour financial situationDoing your due diligence----Episode Highlights:0:00 Intro3:43 Shouldn't you at least find out what you can get?4:47 What if you smoke? Should you put it off till you quit?7:08 What if you're pregnant?7:41 Reclassifying minors when they turn 1810:18 Looking at your financial situation15:24 A discussion on minimum premium20:07 Education and Mindset24:35 The proof is in the puddingWrap Up----GET IN TOUCH----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 usGet in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:IBC MASTERY----Main Episode DescriptionLike everything else in life, when it comes to buying life insurance, there are optimal ways to evaluate your choices and suboptimal ways.In this episode, we address the fact that to optimally buy life insurance; we must understand that life insurance fits inside a bigger financial picture. It's not always about paying the "cheapest" premiums.With several newer companies marketing the benefits of "cheap" term life insurance with minimal underwriting, reinforcing the knowledge that we need more than just a hammer in our toolbox is more important than ever.----Episode Highlights:0:00 Intro1:38 No shame! It's good to have life insurance2:03 Sales systems6:19 Reminds me of the dotcom boom7:46 Cost vs. Price9:26 Commodity-based selling and Economic time preference15:24 To a client: "Do you want to be strategic or not?"16:41 A peaceful existence19:22 Your financial plan can't stop just because you turned 6521:07 Finding a good life insurance agent23:44 Commoditization of life insurance by way of policy design29:26 Integrity of Agents and CompaniesWrap Up----GET IN TOUCH----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 usGet in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:IBC MASTERY----Main Episode DescriptionWith funding life insurance for IBC, a little-know fact is that you can only buy so much.Many people are already familiar with MEC (Modified Endowment Contract) limits that limit how much premium you can pay relative to the death benefit. But there is also a limit on how much total death benefit you can buy.The insurance companies will only underwrite you for a maximum amount based on your income and/or net worth.For example, if your lifetime income and/or net worth is $2M, the insurance company will not sell a $20M policy.This creates yet another set of tradeoffs that need to be understood when designing a whole life insurance policy for The Infinite Banking Concept.----Episode Highlights:0:00 Intro0:43 Human Economic Value2:50 Your Greatest Asset6:38 Calculating Your Maximum Potential7:44 Don't Forget About Your Family9:34 Policy Components Determining Underwriting12:08 As Income Rises13:59 Human Life Value and Total Underwriting17:10 The Modified Endowment Contract (MEC)18:52 Understanding the Purpose of Life Insurance25:26 So How Much Life Insurance Should You Have?29:04 Effects on Retirement30:16 Story of a Typical Financial AdvisorWrap Up----GET IN TOUCH----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 usIf you'd like to see how to apply these principles to your specific situation, get in touch. Schedule a free, no-obligation 30 minute consultation with us today!
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