Ready to take control of your financial future? Using properly structured whole life insurance, Wade Borth is dedicated to teaching how to establish the right strategy to create generational wealth. In this podcast, Wade shares the tools for understanding and the clarity of how to to do this for your family. This show is all about sharing that sage wisdom to help others build strong financial futures.
In this episode of the Wade Borth Podcast, Wade dives deeper into the often-misunderstood concept of Infinite Banking. Instead of overwhelming listeners with financial jargon, he reframes the conversation using a more approachable framework: the Four Stages of Whole Life Insurance. From becoming a disciplined saver to evolving into a true Infinite Banker, Wade explains how each stage builds more control, clarity, and confidence in your financial journey. Whether you're just getting started or looking to expand your financial ecosystem, this episode offers clarity, encouragement, and a practical path forward. Episode Highlights 01:30 - The Four Stages of Whole Life Insurance 02:12 - Infinite Banking: A Small Subset's Journey 02:32 - Becoming: Essential Part of Financial Control 03:39 - Importance of Savings Strategy 05:06 - Whole Life Insurance Benefits 06:02 - Misclassification of Financial Assets 06:20 - Debt Control vs. Debt Control Over You 07:04 - Wealth Building Strategy 08:09 - Difference Between Chaos and Opportunity 14:32 - Understanding Life Insurance Contracts 14:59 - Small Shifts, Lasting Change Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of The Wade Borth Podcast, Wade wraps up his deep dive into the eight key benefits of whole life insurance. Building on Part 1, he explores how privacy, tax-free death benefits, guaranteed monthly cash value growth, and income statement improvements make this asset a powerful tool for long-term financial confidence. If you've ever viewed premiums as a burden, this conversation may flip the script—showing how whole life insurance aligns with your values and financial goals to serve you for life. Episode Highlights 01:45 - Understanding the multiple benefits of whole life insurance. 02:19 - Keeping money in your own financial ecosystem. 03:47 - Liquidity in times of financial stress. 05:38 - Privacy of whole life insurance contracts. 07:40 - Income tax-free death benefits. 10:48 - Guaranteed growth of cash value. 12:00 - Importance of starting early with whole life policies. 14:13 - Whole life insurance as part of a diversified financial strategy. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of The Wade Borth Podcast, Wade kicks off a two-part series diving deep into the eight powerful benefits of whole life insurance. From guaranteed death benefits and constant compounding to unmatched liquidity and flexible loan provisions, Wade breaks down how this often-misunderstood asset can bring certainty, control, and long-term value to your financial life. If you've ever questioned the real purpose of whole life insurance—or just want to think differently about money—this episode is for you Episode Highlights 03:12 - Life insurance: guarantees and certainty 06:04 - The “liquidity contract” concept explained 08:23 - The advantage of constant cash value increase 11:18 - Understanding bank strategies: savers vs. borrowers 14:07 - Power of liquidity in whole life insurance 16:54 - The flexible loan provisions benefit 19:00 - Importance of treating your own money well Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of The Wade Borth Podcast, Wade tackles the common misconceptions surrounding whole life insurance—addressing why so many people claim it has a low return, is too expensive, or is the “worst investment of all time.” He explains why these beliefs are often rooted in misinformation or biased experiences, and reframes whole life as a savings tool, not an investment. If you're seeking clarity, consistency, and long-term financial control, this conversation offers a fresh, honest perspective that cuts through the noise. Episode Highlights 00:22 - Whole life insurance myths. 01:04 - Common criticism: Low return. 02:11 - Opinion formation: Experience vs. Learning. 03:12 - Whole life as a tool. 04:55 - Misconceptions on whole life returns. 05:50 - Savings vs. investments comparison. 07:38 - Benefits of a consistent savings environment. 08:57 - Whole life providing financial certainty. 09:17 - Misunderstanding whole life as investment. 11:44 - Contextualizing costs and value. 13:12 - Value perspective on expenses. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade breaks down a clear, straightforward process that's helping clients rethink how they manage money. From understanding income flow to building savings and making better financial decisions, this conversation reveals why the right sequence matters—and how whole life insurance can play a foundational role. Whether you're just getting started or looking to regain control, this episode lays the groundwork for building clarity, confidence, and long-term stability. Episode Highlights 01:00 - Understanding the Flow of Money 01:35 - Simplifying Financial Decisions with Gary Keller 02:51 - Wealthy Decision-Making Processes 04:15 - Impact of Lack of Liquidity on Businesses 05:58 - Importance of Savings Strategy 08:34 - Proper Sequencing for Financial Management 10:45 - Liquidity and Financial Pressure 11:19 - Long-term Impact of Defined Benefit Strategy Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of the Wade Borth Podcast, Wade dives into the power of mutual insurance companies and why ownership matters. He breaks down common misconceptions about life insurance, highlights the difference between mutual and stock companies, and explains how clarity, certainty, and long-term thinking can relieve financial pressure. If you are seeking more control, freedom, and security in your financial life, this conversation is for you. Episode Highlights 00:21 - Clarifying financial misconceptions. 01:29 - Empowering people through mutual insurance. 02:29 - Why mutual insurance companies benefit policyholders. 03:45 - Historical roots of mutual insurance companies. 04:48 - Difference between mutual and stock insurance companies. 07:10 - Long-term focus of mutual companies vs. short-term of stock. 09:41 - Certainty and exit strategy with whole life insurance. 11:01 - Venture capital influence on stock insurers. 12:10 - Dividends vs. Wall Street-driven interests. 13:52 - Importance of understanding your insurance products. 14:46 - Encouragement for thoughtful financial discussions. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade unpacks what the recent stock market downturn—and how Warren Buffett's surprising moves—can teach us about how the wealthy think. As the market sees sharp declines and uncertainty rises, Wade reminds us that true opportunity lies in preparation, not prediction. It's not about chasing returns—it's about having savings in safe, liquid places so you can act when others hesitate. This episode is a powerful mindset shift for anyone looking to gain clarity, control, and a long-term advantage in turbulent times. Episode Highlights 01:22 - Observing Buffett's strategic moves. 03:39 - Market turbulence and investor sentiment. 05:57 - Buffett's selling strategy explained. 06:52 - The underestimated value of liquidity. 08:51 - Difference between saving and investing. 09:52 - Strategic patience and investment timing. 10:47 - The power of financial discipline. 12:01 - Thinking like wealthy individuals. 13:04 - Importance of readiness for opportunity. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of the Wade Borth Podcast, Wade sits down with Kent Kraiter—a long-time client, friend, and newly minted colleague. With over 30 years of military service and a deep curiosity for financial education, Kent shares his personal journey from soldier to servant-leader in the world of personal finance. They dive into life transitions, financial empowerment, the importance of planning beyond retirement, and how curiosity and clarity can pave the way to a more abundant future. If you're navigating change or searching for a deeper sense of purpose, Kent's story will resonate. Episode Highlights 02:00 - Kent's Military Background. 04:09 - Discovering the Air National Guard. 06:59 - Introduction to Financial Independence. 10:36 - Curiosity and Lifelong Learning. 17:23 - Embracing Change Post-Military Life. 25:00 - The Whisper of Financial Pathways. 35:05 - The Importance of Looking Beyond Retirement. 39:30 - Serving Through Financial Education. 46:45 - Planning for Life After Retirement. 52:40 - Empowering Through Conversations. . Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Kent Kraiter https://www.linkedin.com/in/kent-kraiter/
In this episode, Wade Borth sits down with former police officer turned IBC advocate Brian Fleming. Brian shares his journey from 25 years in law enforcement to discovering the Infinite Banking Concept and returning to the financial world with a mission to serve. Together, they explore how control, financial education, and a properly structured whole life policy can transform lives—especially for those in high-risk professions like law enforcement and for real estate investors seeking smarter ways to fund their ventures. It's a powerful conversation about truth, stewardship, and taking ownership of your financial future. Episode Highlights 05:55 - Transition from law enforcement to insurance 06:59 - Infinite banking discovery through real estate 10:17 - Misconceptions about life insurance 13:48 - Importance of understanding financial truths 16:44 - Application of infinite banking in real estate 19:27 - Success story of shifting to hard money lending 21:33 - Saving a project with life insurance liquidity 25:14 - Importance of continuous financial education . Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Brian Fleming https://www.factumfinancial.com/the-team/
In this episode of the Wade Borth Podcast, Wade sits down with Joshua Smith, a former real estate investor turned financial strategist. Josh shares his journey through the 2008 financial crisis, the lessons he learned about debt, liquidity, and financial control, and how he transitioned from traditional financial advice to Infinite Banking. They discuss the pivotal moments that reshaped his mindset, the benefits of whole life insurance as a financial tool, and how he now helps others take control of their financial future. Tune in for a deep dive into financial resilience, long-term wealth strategies, and the power of financial education. Episode Highlights 22:32 - Job loss: financial safety net. 24:31 - Family legacy. 25:25 - The importance of financial education. 31:36 - Opportunities from having liquidity. 37:00 - Saving vs. investing distinction. . Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Joshua Smith https://www.linkedin.com/in/gogiversolutions/
In the final installment of the Tough Money series, Wade Borth and David Zapata conclude their deep dive into building a resilient financial strategy. This episode focuses on aligning your investments with your values, understanding risk, and achieving financial freedom through intentional planning. Learn how liquidity serves as the foundation for managing risk and explore the critical balance between savings and investments. Wade and David also discuss strategies for setting freedom numbers, navigating risk, and creating a framework for long-term financial health. Don't miss this powerful conversation that ties together the principles of the Tough Money curriculum. Episode Highlights 08:03 - Snorkel vs. deep dive into financial awareness. 10:53 - Income strategy: Cash flow vs. accumulation. 18:08 - Classifying investments: Short-term, mid-term, and forever. 21:14 - Risk, returns, and noise in asset management. 24:27 - Conversation on defining and managing risk. 30:10 - Liquidity as a hedge against risk. 32:14 - Importance of a balanced financial portfolio. 35:10 - Flexible curriculum for financial education. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with David Zapata https://www.linkedin.com/in/bydavidazapata/
In part three of the Tough Money series, Wade Borth and guest David Zapata explore the vital role of liquidity in building financial resilience. They discuss why having liquid, safe assets is foundational to weathering life's challenges and seizing opportunities. From understanding what truly counts as liquidity to calculating your "days of liquidity," this episode offers practical insights to align your finances with your values and create a robust financial foundation. Don't miss this crucial conversation, and stay tuned for part four, where they'll dive into investments and their relationship with liquidity! Episode Highlights 04:10 - The vital role of liquidity. 05:06 - Foundation is key to financial health. 07:20 - Smart Money's focus on reserves. 10:49 - Liquidity vs. perceived liquidity. 13:44 - Days of liquidity: a vital metric. 17:18 - Evaluating your savings environment. 21:08 - Tough money and antifragility. 23:00 - Smart money's approach to liquidity. 25:36 - Balance between cash and investments. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with David Zapata https://www.linkedin.com/in/bydavidazapata/
In part two of the Tough Money series on the Wade Borth Podcast, Wade and guest David Zapata continue their exploration of building financial resilience by diving into debt strategies. They discuss how to evaluate your relationship with debt, classify it effectively, and make intentional decisions aligned with your values and goals. This episode provides practical insights for creating a thoughtful financial framework, whether you're managing personal or business finances. Don't miss this engaging conversation, and stay tuned for part three, where they'll explore liquidity and investments! Episode Highlights 01:06 - Relationship and exercise analogy with money. 01:35 - Luck or strategic financial decisions. 03:32 - Change as a constant factor in financial management. 06:06 - Rethinking debt and financial education nuances. 08:03 - Understanding debt-to-income ratio (DTI). 10:02 - The importance of aligning spending with values. 12:57 - High-income earners and lifestyle financing challenges. 19:26 - Hierarchy and strategic use of debt. 23:33 - Becoming your financial auditor for better management. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with David Zapata https://www.linkedin.com/in/bydavidazapata/
In this episode of the Wade Borth Podcast, Wade is joined by frequent guest and colleague David Zapata of Factum Financial to delve into the concept of "Tough Money." They explore the importance of building a stronger, more resilient relationship with your finances by addressing foundational habits, improving financial awareness, and preparing for life's unexpected events. David shares insights from the Tough Money Workbook, breaking down actionable strategies to help you take control of your financial future. Tune in for practical advice and thought-provoking discussion, and stay tuned for part two, where they'll tackle debt strategies. Episode Highlights 05:21 - The idea of cultivating a closer relationship with money. 08:55 - Financial education's role in attaining financial resilience. 12:20 - Anti-fragility: Thriving in stressful financial situations. 15:00 - Visualizing financial events to prepare for unpredictability. 17:20 - Analogies of anti-fragility using nature and trees. 20:10 - The importance of understanding personal cash flow. 22:35 - Benchmarking personal savings against national statistics. 25:39 - Creating personal action plans from the financial workbook. 28:10 - Saving strategy as an essential financial habit. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode of The Wade Borth Podcast, Wade tackles a common question: "Should I take a life insurance policy out on my child?" Wade dives deep into the Infinite Banking Concept (IBC), explaining the benefits of starting policies early, teaching financial stewardship, and ensuring guaranteed insurability. He also addresses misconceptions, explores the importance of a family banking system, and shares insights on maintaining control of policies. Whether you're new to IBC or a seasoned listener, this episode is packed with valuable insights for building generational wealth. Tune in, learn, and take the first step toward financial freedom. Episode Highlights 01:39 - Should I take a policy out on my child? 03:37 - Teaching financial habits through child policies. 06:06 - Grieving a child's loss: the financial impact. 09:04 - Insuring children for guaranteed insurability. 11:31 - Family banking system and life insurance. 15:04 - Children learning through policy ownership. 18:51 - Retaining policy ownership within the family. 25:17 - Planning for the next generation's financial freedom. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade dives into real-life examples of how clients have harnessed the Infinite Banking Concept (IBC) to take control of their finances and create opportunities. From tackling credit card debt and financing real estate purchases to building cash reserves for business growth, Wade shares inspiring stories of clients who transformed their financial lives by redirecting the flow of money back to systems they own and control. Learn how IBC empowers individuals to eliminate dependency on traditional banks, unlock hidden opportunities, and build long-term financial freedom. Tune in to discover how this powerful strategy can work for you! Episode Highlights 01:43 - Concept of Taking Control Over Debt 03:34 - Six-Year Journey to Debt Control 04:59 - Premiums as a Gateway to Freedom 05:51 - Using Policies to Finance a Vacation Home 08:31 - Seizing Opportunity with Raw Land 12:00 - 2008 Real Estate Opportunity in Las Vegas 16:47 - Maximizing Retirement Benefits 19:19 - Retaining Key Employees and Accessing Capital 22:16 - Entrepreneurial Resilience During COVID 23:32 - Infinite Banking's Flexibility Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Today, Wade welcomes back one of his favorite guests, David Zapata, to discuss the critical value of unstructured loans and guaranteed lines of credit within the Infinite Banking Concept (IBC). They dive into real-life examples, including Wade's personal experience during the 2008 financial crisis and a recent story from one of David's clients. The conversation emphasizes the importance of controlling your own access to capital, rather than relying on third-party lenders who may pull the plug at any time. This episode is a must-listen for anyone interested in understanding how to secure financial certainty in uncertain times. Episode Highlights 01:37 - David Zapata shares his insights on guaranteed lines of credit through whole life insurance. 03:29 - The limited view of borrowing from insurance and its broader benefits. 04:43 - Explanation of life insurance company commitments and guarantees. 06:06 - The three guarantees of whole life insurance explained. 09:09 - The irreplaceable value of guaranteed cash growth. 13:00 - How life insurance companies act as custodians of policy value. 17:02 - Managing access to money versus owning access to money. 19:57 - Discussion on the importance of context and setup in financial planning. 21:59 - Example of a real situation where guaranteed access to capital through whole life insurance made a difference. 23:50 - Practical implications of losing bank-provided lines of credit unexpectedly. 27:45 - Importance of planning and staging of financial resources. 29:32 - Announcement of the upcoming wealth seminar in Scottsdale. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with David Zapata https://www.linkedin.com/in/bydavidazapata
In this episode of the Wade Borth Podcast, he dives deep into the concept of Economic Value Added (EVA), a topic that Nelson Nash highlighted in his book Becoming Your Own Banker. EVA is often misunderstood, but it's crucial for anyone looking to maximize the value of their capital. Wade explores a key 1993 Fortune magazine article that discusses how major companies like Coca-Cola and Quaker Oats utilized EVA to drive profitability. Join Wade as he breaks down the principles of EVA, its relevance to personal finance, and how understanding the true cost of your capital can lead to better financial decisions. Episode Highlights 00:24 - Nelson Nash mention - Introduction to Economic Value Added (EVA). 01:02 - Fortune Magazine article - Highlighting the 1993 article by Shawn Tully. 02:02 - Key quote from Nelson - “EVA's basic premise is, if you understand what's really happening, you'll know what to do.” 04:58 - Use of capital - Different interpretations of capital's value and return. 07:41 - EVA in practice - Managers acting like shareholders. 12:10 - Real profitability - Importance of measuring real profitability of operations. 12:51 - Cost of capital overlooked - Emphasis on recognizing the full cost of capital. 13:59 - Example from CSX - Success through understanding and utilizing EVA. 18:17 - Banks and capital returns - Comparison of banks understanding and getting returns on their capital. 20:22 - Financial statement gap - Missing equity cost in financial statements. 22:59 - Real estate example - Miscalculating profitability by excluding capital costs. 27:03 - Efficiency in assets - Illustration through CSX's unutilized resources. 32:56 - Importance to individuals - Treating personal capital with the same seriousness as businesses do. 35:48 - Practical approach - How to apply EVA principles in personal finance. 39:46 - Quaker case study - Realizing the non-free nature of inventories/capital. 43:34 - Main takeaway - Understanding what is really happening to make informed financial decisions. 44:05 - Nelson Nash's legacy - Emphasis on controlling the banking function at an individual level. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Today's episode brings a little bit of sadness as Wade shares a deeply personal story about the unexpected loss faced by a client, highlighting the importance of life insurance in times of crisis. He discusses how life insurance can provide financial certainty and peace of mind during the most vulnerable moments in life. Wade reflects on the value of planning ahead and how life insurance serves as a critical resource, not just for the living, but for those left behind. Tune in as he explores the real impact of being prepared for the unexpected and why it's a vital conversation for everyone. Episode Highlights 00:28 - Abandoning initial podcast topic due to client experience. 00:52 - Client's unexpected loss: husband did not return from hospital. 01:35 - True value of life insurance during clients' most difficult times. 02:01 - Insurance agent's role in supporting clients. 02:18 - Insight from One America president Dennis Martin. 02:43 - Contrasting insurance companies vs. money managers during crises. 03:52 - Life insurance alleviates financial burden amid grief. 04:45 - Appreciation for the life insurance industry. 05:04 - Importance of planning and its impact on financial certainty. 06:04 - Real-life example of unforeseen scenarios. 06:27 - Emotional and financial support provided by life insurance. 08:14 - Encouragement to have enough life insurance coverage. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade continues the conversation on starting the Infinite Banking Concept (IBC) by diving deeper into the critical steps beyond understanding the problem. Many people mistakenly begin with the product rather than addressing the foundational issues first. Wade emphasizes the importance of finding a knowledgeable practitioner, establishing a solid process, and selecting the right tools to achieve financial freedom. Listen in as Wade shares his insights, experiences, and practical advice to help you take control of your financial future. Episode Highlights 01:10 - Importance of understanding the problem. 02:40 - Noise in the industry - starting with step 4. 04:40 - The role of a good practitioner. 05:45 - Learning from mistakes. 06:55 - Empathy and empowerment over control. 08:00 - Building a like-minded community. 09:40 - Importance of surround yourself with supportive people. 11:10 - Review of important first steps. 12:00 - Clear communication with your practitioner. 12:55 - Setting up the correct process for policy loans. 15:20 - Respecting your family bank's money. 17:30 - Ensuring your process guarantees success. 18:20 - Common issue: Step 4 focus. 19:50 - The right product is just a tool. 22:05 - Using the right tool for the problem. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In today's episode, Wade dives into the Infinite Banking Concept, exploring the intricacies and processes that often leave people puzzled. He emphasizes the importance of understanding the proper sequence in becoming your own banker and shares insights from his discussions with business coach Tammy Brennan. Wade explains why it's crucial to grasp the problem of not controlling the banking function in our lives and how identifying and addressing this issue can lead to financial freedom. Tune in to learn about the four-step process to take control of your financial future and the true power of becoming your own bank. Episode Highlights 02:34 - Defining Infinite Banking. 05:52 - Importance of Process and Sequence. 10:04 - First Step in Infinite Banking: Understanding the Problem. 13:19 - The Role of Banks: Saver, Borrower, and Wealth Creator. 15:40 - Banking as a Verb, Not a Noun. 18:58 - The “Magic” of Banking: Why Banks Love Both Savers and Borrowers. 22:50 - Concept of Wealth Creation. 29:08 - Becoming Your Own Bank. 31:40 - The Legacy of a Wealth Creator. 34:52 - Practical Steps to Implement Infinite Banking. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In today's episode, Wade continues his discussion on key takeaways from the Nelson Nash Institute's annual Think Tank. He shares a compelling client story about understanding the importance of choosing the right product for Infinite Banking, the differences between Whole Life and Universal Life policies, and why Whole Life is the cornerstone for those practicing Infinite Banking. Join Wade as he dives into these crucial insights to help you take control of your financial future. Episode Highlights 01:02 - Story of client inquiry into IBC. 01:43 - Product vs. human problem in financial decisions. 02:11 - Whole life vs. universal life insurance explained. 05:15 - Risks of universal life insurance. 08:40 - Personal experience with insurance mismanagement. 10:30 - Consequences of interest rate assumptions failing. 12:11 - The importance of long-term financial strategies. 15:38 - Potential risks in policy lapses. 17:04 - Need for practical guarantees in financial products. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Fresh off of the return from IB Think Tank, Wade shares his thoughts and takeaways of the event. This unique gathering is a must-attend for IBC practitioners and anyone interested in exploring the concept of Infinite Banking. He shares key takeaways and insights from the event, starting with a profound realization: "Premium is a contribution to capital." Join Wade as he unpacks this and more, aiming to provide valuable content for those who want to understand becoming their own banker. Episode Highlights 01:57- Rethinking your thinking. 04:11 - Two businesses: a back-and-forth exchange of time and money. 04:36 - Importance of recognizing you're in the banking business. 05:55 - Contribution to capital explained. 07:00 - Understanding the problem and seeing premium as the solution. 08:11 - Capital: necessary for both business and personal life. 09:39 - Premium as a contribution to capital. 11:13 - Saving and reliance on banks. 12:57 - Control through capital contribution. 14:06 - Avoiding frustration and potholes. 16:59 - Long-term commitment and building a personal financing system. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Joining Wade today is friend Curtis May where they discuss the power of whole life insurance and infinite banking strategies. Discover how whole life policies offer guaranteed benefits and find out how to leverage these strategies for personal and business success. Tune in for valuable insights on building wealth, managing risk, and maximizing financial potential! Episode Highlights 03:36 - Their shared passion for infinite banking and the insights they gain from attending the industry symposium Circular Wealth. 23:38 - Curtis talks about two schools of financial thought: the accumulation theory and the velocity method, advocating for the latter as it emphasizes the velocity of money and the economic value of certainty. 29:12 - Curtis outlines his investment philosophy and his preference for investing in what is known and can be controlled, with a focus on cash flow rather than chasing returns. 33:15 - Wade and Curtis discuss leveraging whole life insurance policies for business purposes, highlighting how it can serve as a volatility buffer and offer advantages like collateral opportunities and uninterrupted compound interest. 45:46 - The conversation turns to business owners and the financial advice that should be tailored to their unique position, separate from advice given to W-2 employees. 52:13 - Wade and Curtis highlight the necessity of discipline, time, and money to achieve financial success with the infinite banking concept, and discuss the importance of becoming the person who can utilize these tools effectively. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Curtis May https://www.linkedin.com/in/curtismay/
Today, Jubril Wilson, realtor and investor, joins Wade to explore the Infinite Banking Concept (IBC) for financial freedom. Discover practical tips on real estate, leveraging whole life insurance, and embracing abundance mindset. Learn the importance of networking and taking control of your financial destiny. Tune in and start your journey to financial empowerment now! Episode Highlights 01:30 How Jubril helps Realtors in the current market situations 03:23 How his mindset changed from frivolous spending to investing in infinite banking 05:02 The concept of "Pathing" (or sequencing) and how it has led Jubril to learn new financial strategies 06:45 The importance of financial efficiency and mention of their podcast series that breaks down each chapter of Nelson's book on the Infinite Banking Concept 09:51 How Jubril's thought process has changed since implementing the infinite banking concept in his life 13:51 Real-life examples of how Jubril has leveraged the infinite banking concept to manage finances more efficiently 19:22 The concept of a 'think tank' with practitioners from various fields coming together to discuss worldwide happenings and industry changes 21:21 The debate on life being a "participation sport" not a "spectator sport" and that it is essential to get involved and start participating proactively 22:36 The comment from a Citibank's head on who controls the dollars and the advice on how the difference between chaos and opportunity is who has access to money 23:03 How a consumer can avoid being reactive and take advantage of chaos if they saved enough money and had better control over their finances Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Jubril Wilson jubril10xhomes@gmail.com
Join Wade and returning guest Nicole Tate as they delve into the empowering world of family banking and legacy building. Through their insightful discussion, they uncover the transformative potential of creating a closed financial system that puts you in control. Discover how to leverage policies, generate wealth, and secure a legacy that transcends generations. Don't miss out on this enlightening conversation that could reshape your financial future. Episode Highlights 03:56 The process of using insurance policies for family banking 10:19 Separating uncertainty on the investment side from certainty on the capitalization side 16:14 The two choices people have: Creating their own financial system versus depending on others 18:26 The importance of instilling saving habits in the next generation as part of wealth and legacy building 19:41 Building a non-traditional home as an example of gradual progress toward a vision 20:11 Seeing your money grow and putting it to work in the system Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Nicole Tate ntate@oneindianafinancial.com
Join Wade as he dives into the journey of understanding the Infinite Banking Concept (IBC) through vivid reflections on sunrises, sunsets, and moonlit lakes. Discover how moving from passive understanding to active engagement unlocks a newfound sense of freedom and control over finances. Explore firsthand accounts and insightful anecdotes that illuminate the emotional depth behind financial literacy and personal growth. Episode Highlights 01:40 How experiencing something, rather than just seeing it, connects you with your inner emotions and soul, which cannot be achieved via merely seeing something 02:13 The irreplaceable nature of personal experiences 02:38 The concept of Infinitive Banking Concept (IBC) and the importance of experiencing it before understanding its real impact 04:02 How to engage with IBC and experience the unique aspect of freedom it provides 05:29 The importance of family banking Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade welcomes his dear friend and fellow agent Shala Lamboy, to discuss the journey of infinite banking. Shala shares her early experiences with money, including insights gained from working with successful entrepreneurs and witnessing the wealthy's unique mindset towards finances. Together, they delve into the concept of infinite banking and how it offers a strategic approach to saving and wealth-building. Shala's personal anecdotes, including her family's intentional approach to travel, highlight the importance of aligning financial strategies with personal values. Join Wade and Shala as they explore the power of intentionality in achieving financial abundance. Episode Highlights 02:29 - Shala shares her passion and interest in money and how this has shaped her financial journey. 13:37 - Shala recounts her personal journey in applying the principles of infinite banking in her life, particularly with regard to finance availability for activities like traveling. 19:29 - The importance of engagement and education before undertaking any endeavor, financial or otherwise, is highlighted. 34:11 - Discussing the regret that many people have when they realize the potential of intentional saving and infinite banking. They encourage listeners to take action, get educated and start being intentional about their money. 38:38 - Her advice to listeners is to create a life they love and find out what's missing if their current life doesn't reflect that. She adds that learning the infinite banking process and being intentional about finances can aid in creating a life of abundance. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Shala Lamboy shalaree@factumfinancial.com
Today, Wade welcomes special guest Matthew Shanlian, a seasoned professional in the real estate and mortgage business. They dive into the complexities of the mortgage industry, exploring topics such as industry events like Circle of Wealth, the ongoing changes in interest rates, and the persistent shortage of available housing. Matthew shares insights from his extensive experience, emphasizing the importance of understanding clients' financial goals and providing tailored solutions. Tune in for a thought-provoking discussion on navigating the mortgage landscape and making informed decisions for a secure financial future. Episode Highlights 02:56 The housing market's current situation and how all of this is impacting the mortgage industry 04:45 The importance of not being mere order takers, but probing to understand the real needs and desires of the clients 08:05 The need for giving sound advice to clients and the importance of saying no when necessary 14:53 The value of having control over your money and the advantages of having a small mortgage payment 18:00 The potential risks associated with paying a 15-year mortgage like a 30-year mortgage 20:46 A story of a person who followed a radio host's advice and faced hardships due to the lack of financial flexibility and a resulting inability to manage an unexpected situation 27:45 The importance of focusing on mortgage payments instead of the purchase price of a house 32:45 How to reach out and contact Matthew 39:44 The importance of maintaining control over one's financial future, warning against allowing external entities to have that control 38:17 Advice to listeners who are looking to buy their own home Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Matthew Shanlian Matthew.Shanlian@ccm.com https://www.linkedin.com/in/matthew-shanlian-2b111582
In today's episode, Wade dives into a recent frustrating yet eye-opening experience with banking. He recounts a saga involving a significant check transfer between accounts, revealing the complexities and hurdles encountered in the process. From initial attempts to wire transfers to unexpected holds on checks, Wade navigates the maze of bank protocols, shedding light on why banks make transferring money so challenging. Episode Highlights 02:55 - Proceeds to share how attempts were made to wire the money and the hassle of Wells Fargo holding the cash for an extended period. 03:58 - Explains how the banks suggested using a cashier's check as a solution for the money transfer problem. 05:07 - Shares the realization of banks intentionally holding on to money as part of their profit strategies through lending and earning on interests and fees. 08:31 - Shares the understanding that banks are primarily designed to make profits, thinking and operating in increments; minutes, hours, and days. 09:33 - Emphasizes the importance of thinking like a bank, being intentional and organized with money, and expecting it to generate returns. 11:01 - Reiterates that banks will try to keep control of their customer's money for as long as possible to make as much profit as possible. 11:53 - Expresses his continued frustration with large banks, the administrative difficulties and obstacles they create for the consumers. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Join Wade today as he discusses the rush to secure stability in an ever-changing market and advocates for finding consistency and certainty through whole life insurance. Tune in for valuable insights on navigating financial uncertainty and building long-term resilience. Episode Highlights 01:31 The importance of certainty, time and consistency over yield 02:58 The value of where you are investing their savings 04:36 Why long-term thinking is important in the financial world 06:15 Different financial certainty you should look for during uncertain times 08:46 The benefits of calmness and stability in the financial world 09:20 Why you should get out of survival mode and thrive by finding certainty and calmness in their financial world Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this episode, Wade discusses the transfer of wealth from baby boomers to millennials, highlighting the importance of efficient asset transfer and financial education. He talks about utilizing whole life insurance and emphasizes empowering heirs for long-term success. Join him as he navigates the complexities of wealth transfer and legacy building. Episode Highlights 00:39 How money will be transferred across generations 01:42 The importance of transferring wealth efficiently and ensuring children and beneficiaries are better off 03:23 Common approach to money-saving and asset depletion for transfer to the next generation 04:43 The benefits and guarantees of life insurance 07:04 Value of financial education for children 09:44 Help and potential resources for family financial planning and education 10:23 Why you need to be open-minded about different financial strategies Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Happy New Year from the Wade Borth podcast! To start the year off right, Wade dives into the crucial topic of the proper sequence for savings and investments. Successful real estate investors have shared eye-opening insights about this sequence that could significantly impact your financial journey. Join him as he explores the importance of getting the sequence right, how it can supercharge your wealth growth, and why having a well-structured life insurance policy plays a pivotal role. Discover the power of controlling the flow of your money and learn why savings should come before investments. Episode Highlights 03:19 - The idea of controlling the flow of money and gaining from the extra interest rather than having it flow to a hard money lender. 04:24 - The importance of sequence in growing assets quickly through additional savings and guaranteed growth. 05:10 - The advantage of having easily accessible money during economic downturns to seize opportunities. 06:04 - Importance of having access to money when deals are ready to maximize growth of wealth. 06:56 - The sequence starts with savings, which creates a buffer against chaos and provides an opportunity to invest. 07:23 - The proper sequence; holding money in a policy, and deploying it at the right time. 07:59 - The benefit of controlling the banking function and the supply chain of money for investment. 09:13 - Discussion on the importance of saving money in life insurance policies and applying the strategy of infinite banking. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In today's episode Wade talks about the Infinite Banking Concept (IBC) and why it's more than just interest rates. While interest rates matter, the real focus should be on control. Your whole life policy, whether new or old, is the key. Forget the noise about interest rates; it's about who controls your loan. Take a listen to hear how becoming the banker in your life can transform your financial decisions. Episode Highlights 01:27 - Explanation about how the whole life policy works and the benefits of the infinite 02:54 - Suggestion to separate the conversation about interest rates and to whom it's being paid. 03:37 - Explanation of a loan policy where the loan holder has guaranteed, first-position access to get a loan against the equity in their policy. 04:10 - Contrast between home equity loans from banks and loans from life insurance policies. 05:00 - Discussion on the benefits of an unstructured loan and the importance of discipline in repayment. 06:57 - Importance of being in control of your own business decisions and loan repayments, instead of letting the bank call the shots. 08:15 - How having control over your finances can help you handle unexpected obstacles more effectively. 09:47 - Reiteration of the importance of focusing on loan guarantees and an unstructured loan provision over the interest rate. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Join Wade today as he navigates the age-old debate: Is the tool more valuable than the mastery of the craft? He explores the financial industry's obsession with product design and emphasizes the importance of knowledge and effective tool use. Tune in to empower yourself with financial wisdom and discipline, focusing on building your financial future step by step. Episode Highlights 00:51 What carpentry analogy means 01:10 Criticism towards the people in the industry focusing on selling the tools instead of teaching methodologies and skills. 01:43 The need for empowering people to become their own bankers 02:59 The concept related to sports, specifically golf 04:33 Gaining knowledge and understanding rather than just purchasing a product 05:21 Importance of focusing, process, and understanding on savings, as opposed to only focusing on the tools 06:07 Sage Wealth, the focus on developing financial knowledge, and the use of financial tools 06:21 How to use a tool over the actual tool or product design 06:51 Importance of discussion and strategizing in financial decisions 07:55 To engage in conversations with financial advisors and to challenge them 08:18 Necessity of taking action along with education for effective financial management. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Joining Wade again is Kyle Fuller of Factum Financial. In this podcast episode, they delve into the often underestimated concept of acquisition costs and its vital role in sustaining a business. They shed light on Factum Financial's innovative strategies that support insurance agents in this aspect. Factum's approach encompasses a franchise-like model, the utilization of a Cash Flow Dashboard for tracking wealth, and comprehensive educational courses for ongoing client enlightenment. This integrated system not only enhances efficiency but also fosters robust relationships, guiding both agents and clients toward a path of prosperity and success. Episode Highlights 01:27 The reason most insurance agents fail during their first 24 months in the business 03:42 Cost of technology as part of the cost of acquisition 06:11 Why you should get a mentor 07:32 The need for adequate infrastructure and professional help for new agents to effectively manage their time and resources 09:56 Why agents fail in the business in the first two years 15:49 Analyzing the reasons for agent failure in the business due to challenges posed by having to do everything themselves 18:51 Personal gratification obtained from working to build systems and processes that empower agents to have an easier, more enjoyable time in their businesses 23:22 Importance of ongoing education and client care after selling a policy 30:28 Cash flow dashboard: A system developed to provide agents and clients with a high-level wealth conversation in a systematic manner Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Kyle Fuller kyle@factumfinancial.com https://factumfinancial.com/ https://www.linkedin.com/in/kyle-fuller-9516311a9/ https://podcasts.apple.com/us/podcast/powered-by-factum/id1703272284
In this podcast episode, Wade and Kyle discuss their unique approach to leadership development within their agencies, which also happens to offer insurance services. Their primary focus lies in empowering their team members and cultivating a thriving community atmosphere. They place a strong emphasis on personal and professional growth strategies, including the transformation of unproductive habits into productive ones, as well as promoting long-term, purposeful thinking. Tune in as they share insights into their training programs and mastermind gatherings designed to educate and empower their agents to become effective leaders. Episode Highlights 02:56 The cost of acquiring experience and how they apply it to their current practices 06:06 The importance of ensuring their leadership team grows, enabling every agent to have their own visions 08:32 The importance of joining events like Truth Concepts to gather knowledge and build relationships 15:21 Why you should always start with gratitude 17:55 Replacing non-productive habits with very productive ones; no instant results, but improvement over time 18:50 The role of small changes in achieving business goals 22:16 Creating more abundance through leverage 29:00 The need for a proper plan for success and the allegiance to clients over the long term 33:07 The significance of community giving and shared learning experiences 34:25 The power of organic conversation and how these chats can attract more people, further expanding the networking opportunity Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Kyle Fuller kyle@factumfinancial.com https://factumfinancial.com/ https://www.linkedin.com/in/kyle-fuller-9516311a9/ https://podcasts.apple.com/us/podcast/powered-by-factum/id1703272284
Wade and Kyle Fuller of Factum Financial discuss the ethos at Factum - using their business to build an abundance-minded community founded on strong relationships. They highlight the 'infinite banking' concept, using life insurance as a tool for financial education to empower others. Finally, they advocate for whole life insurance and infinite banking to serve clients and attract passionate contributors. Tune in today to hear more about the infinite banking concept! Episode Highlights 00:44 What makes Factum unique 02:00 Building a community and how it can't be bought or mimicked 05:24 Attracting people with shared values into the community 08:36 The five areas of life where to create abundance in life 12:23 The most important things in the five areas of life 16:33 Wade's insight about agents being mission driven to teach infinite banking 19:40 What sets the Factum community apart 23:05 Characteristics of a successful agent in the business 25:01 The ability of thinking long-term among the agents in their company 28:57 Philosophy of go-giving and how it boosts monetary gain 32:15 The dedication to mutual success within partnerships Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Kyle Fuller kyle@factumfinancial.com https://factumfinancial.com/ https://www.linkedin.com/in/kyle-fuller-9516311a9/ https://podcasts.apple.com/us/podcast/powered-by-factum/id1703272284
In this episode, Wade dives deep into the intriguing question: Is whole life insurance the ultimate savings vehicle? He passionately makes the case for why whole life insurance, often misunderstood as an investment, stands out as a powerful long-term savings strategy. With certainty, professional management by large institutions, and a contractual guarantee, whole life insurance offers a unique approach to securing your financial future. Join us in rethinking traditional savings methods and explore the potential of this often-overlooked financial tool. Schedule your call with Wade today! Episode Highlights 00:30 Is whole life insurance the greatest savings vehicle? 01:13 Whole life insurance and its valuable characteristics including longevity 01:25 Long-term over short-term thinking in financial decisions 03:08 Whole life insurance offers certainty and allows for long-term planning 04:45 Professional versus amateur management of bond and real estate portfolios 07:42 The contractual guarantees covering a whole life insurance policy 09:24 The importance of rethinking Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Joining Wade today is Kyle Fuller of Factum Financial. During this episode, they discuss their shared vision for the life insurance industry. They emphasize focusing on community and relationships, and their goal of building a mutually owned agency with 5,000 agents. Their principles are summed up by the acronym FACTUM (Focus, Authentic Leadership, Compelling Vision, Training and Coaching, Unrelenting Innovation, and Mutually Owned). They believe in intentional growth in all life aspects and aim to create long-term abundance. Tune in today to hear more about this industry. Episode Highlights 02:51 - They share how their collaboration has resulted in a synergy which has made their business stronger. 09:58 - They discuss their aim to build a mutually owned agency with 5,000 insurance agents, with a long-term vision of serving a million families in 10 years. 18:15 - Emphasis is placed on the importance of loving one's occupation and the joy of making an impact on people's lives through work. 23:25 - They reiterate the importance of maintaining strong relationships in the insurance business and the value of problem-solving over product selling. 3:33 - Borth talks about the importance of storytelling in business growth, stressing the need to have a large audience to share their story with, and how it evolves over time. 35:10 - They discuss the element of acceleration in the business for those wanting to earn a million dollars. 37:25 - The end goal they identify is to build a community where everyone is looking to give back more than they receive. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In today's episode, Wade shares his insights on empowering individuals to discover their unique abilities and align their actions with their values. Whether you're an agent looking to build your practice or a client seeking financial guidance, Wade's mentorship approach will inspire you to reach your highest potential. Tune in for a transformative conversation on the power of mentorship and self-discovery. Episode Highlights 01:17 - Wade shares his experience with mentoring agents and helping them grow. 01:55 - Insight into understanding and promoting uniqueness and strengths in the people he mentors. 03:04 - The concept of mentorship likened to nurturing a flower garden, focusing on individual growth and uniqueness. 03:51 - Discussion on understanding one's value and vision to bring authentic value to others. 05:24 - The idea of finding ways to align passions with income generation, ultimately leading to personal growth and abundance in different areas of life. 06:19 - Emphasis on the need to cross-pollinate and share with others for better understanding and growth. 07:27 - Importance of aligning actions and values, drawing examples from client interactions and real-world situations. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Join Wade today as he explores the powerful concept of redirecting your money flow to an entity you own and control. He breaks down how this concept applies to real-world scenarios, from car purchases to personal finance. Discover the hidden costs of traditional banking methods and learn how to retain your money within your own financial ecosystem. Tune in to uncover the potential of having your money work for you, not just for others. Episode Highlights 00:50 Is buying a car worth the investment and can help save you some cash? 02:26 How money is often flowing away from an individual to other institutions 05:11 The strategy of keeping money within the system rather than letting it flow away 07:02 The cost of acquisition involved and how Wade's son learned to do the job and is now able to contribute further to the family's economy 08:03 Have money redirected to an entity that you own and control 08:57 Consider how much of your money flows out of your system and into other institutions 09:23 The first step to take control: Save 10 to 30 percent of income to create a personal pool of money. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
Today, Wade is joined by Terry Hellenbrand, an exceptional guest with a unique journey from growing up in a family water conditioning business to becoming an innovative thinker and problem solver. Terry's unwavering curiosity led him to develop a groundbreaking solution for water treatment, defying conventions and proving that success often stems from questioning the norm. Tune in as we delve into Terry's inspiring story, exploring his passion for IBC and how he serves others through his distinct approach. This conversation showcases the power of challenging boundaries and forging your own path. Tune in today! Episode Highlights 00:51 Terry's passion for Infinite Banking Concept (IBC) 02:54 Terry shares how his family built a successful business by continuously reinvesting their earnings back into the company. 05:06 He shares the process of selling his share of the company and plans to take some time off after exit. 07:46 Discussion about Terry's approach towards understanding his customer's needs by asking questions and listening to their issues. 09:11 Wade and Terry discuss future planning for financial security in businesses. 11:26 Terry shares a story about his father borrowing money from clients when banks wouldn't lend him money, emphasizing the importance of trust and relationship in business. 18:49 Discussion on why decentralized lending and borrowing can lead to better decisions as it's based on character rather than fear and greed of banking institutions. 23:57 Terry talks about how having money saved in his whole life policies allowed him to buy properties without needing a loan from banks. 35:28 Terry asserts that he has no plans to stop assisting clients in infinite banking, as he genuinely enjoys it. 37:10 Thinking outside the box for successful small business operations. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Terry Hellenbrand terry@factumfinancial.com
In this episode, Wade is joined by special guest David Hanks, an old farm boy, to discuss his transformative journey with Infinite Banking Concept (IBC). They'll explore the impact of controlling the banking function in your life, sharing personal stories about farming challenges, and unexpected banking decisions. Join them for an inspiring and insightful conversation that sheds light on the power of IBC to regain financial freedom and stability. Episode Highlights 01:27 Wade's devastating experience where his father was pressured by a banker to drop life insurance, which had dire consequences when his father died 03:27 How David started on his own 07:02 The blow of being denied banking help at a crucial time in his farming business 11:08 How this influenced his journey in figuring out alternative financial 16:16 His big takeaways from the critical moment when the bank pulled the rug under him 22:04 David's initial skepticism about the IBC 24:34 How those with wealth actually practice strategies like the IBC, they just don't advertise it 27:33 David's drive and determination to adopt IBC and his "can-do" attitude in face of adversities 28:26 Great lesson from being rejected by a bank agent 33:16 The goal is not to become a client's personal banker, but to empower them to become their own banker Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with David Hanks david.hanks@factumfinancial.com https://www.factumfinancial.com/the-team/
In today's episode, Wade discusses the idea of starting businesses without the fear of failure and highlights the power of properly structured whole life insurance policies in eliminating that fear. By embracing the principles used by major financial institutions, individuals can take control of their banking function and unlock new opportunities for personal and financial growth. Join us on this inspiring journey by scheduling a call with us and engaging with our insightful content. Let's conquer fear and embrace the potential of infinite banking together! Episode Highlights 01:16 - Thoughts on what could be achieved if fear of loss was removed completely. 02:27 - Talking about how properly structured whole life insurance can eliminate fear of loss in the process of starting a business. 03:20 - Discussing how the fear of financial loss can be eliminated. 04:33 - Highlighting the irrational fears of individuals regarding financial investments and losses. 05:11 - Describing the strength and security of whole life insurance and how traditional banks use it. 05:40 - Clarifying the analogy of spending pennies to make thousands using the principles of banking. 06:06 - Encouraging listeners to apply these principles to their life. 06:33 - Challenging listeners to take control of their banking function and evaluate potential opportunities. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
In this final episode of the collaboration between Wade and Tarisa, they talk about the objections and misconceptions that come with the Infinite Banking Concept. They talk more about the difference between traditional banks and using your whole life policy to be your own banker. If you have reservations about IBC, this episode is for you. Tune in to get more clarity around becoming your own banker and the financial freedom you've dreamt of! Episode Highlights 02:56 The safety of traditional banks vs life insurance companies 06:21 Thinking long range and avoiding short-sighted, risk-prone decisions that banks and companies make 09:50 Using the two vehicle sample in dealing with your policy 11:58 Difference between mutual insurance companies 15:03 Differentiating stock companies and mutual companies 17:38 The buy and sell concept 20:04 Contractual guarantee insurance policies can provide against borrowing capital 26:01 The power of having ready cash or liquid assets which not only solves problems but also maintains control over personal finance Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Tarisa Shelton https://www.factumfinancial.com/the-team/ https://www.youtube.com/watch?v=Q99YuFDhzpU
Continuing this series with Wade and Tarisa, today, they talk about the journey that is IBC. It's about changing the rest of your life and how you go about that change. Not everyone's journey is going to look the same. We are driven by different goals and values but ultimately want the same financial freedom and control in our lives. Tune it to part three to hear more about the steps to start your journey and some of the questions you should be asking yourself along the way. Episode Highlights 00:50 The journey and evolution of thought in personal financing 02:50 Sharing the message with others and assisting them in understanding the process 5:23 When is the best time to get started 09:16 Multiple policies as a lifelong journey 10:09 The importance of sustainable growth 10:58 Metaphor of planting seeds and harvesting 14:15 Poor families and conditioned thinking 18:13 The implications of the aforementioned scenario are further evaluated, thus emphasizing the importance of profit-taking 19:50 Tarisa speaks about a mental exercise she usually walks people through, showcasing the potential of all the money a person has earned and spent throughout their life 21:24 The practical application of IBC and how to model success by understanding banking principles on a personal level 23:18 The concept of owning the loan portfolio for increased profitability and its importance in creating a passive income stream 23:46 The potential profitability of owning the access to cash and welcoming the role of a financier for family or business Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Tarisa Shelton https://www.factumfinancial.com/the-team/ https://www.youtube.com/watch?v=Q99YuFDhzpU
For part two of this series, Wade and Tarisa discuss the client; who is the person coming to her and wanting to learn more? She often finds people are wanting more out of the financial part of their life which in turn leads them to wanting more out of life. Are they achieving their dreams and goals? How can IBC help them get further ahead and take more control? Take a listen today to see if you should be having a conversation about IBC! Episode Highlights 02:05 Tarisa's love for discussing financial matters with people who are always learning and value personal and financial growth 09:04 The characteristics of people Tarisa enjoys connecting with 12:15 The importance of living your life for the benefit of others 16:18 The concept of infinite banking 22:57 The idea of thinking like a bank and taking over the banking function in one's life 25:10 How the banking industry benefits from people willingly depositing their money 26:53 Why you should read Nelson's book and start joining in on these types of financial discussions Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Tarisa Shelton https://www.factumfinancial.com/the-team/ https://www.youtube.com/watch?v=Q99YuFDhzpU
Fellow IBC Practitioner Tarisa Shelton joins Wade today (and over the next few episodes) to share her journey into IBC. She shares about her past and watching her parents take the traditional finance route and how that affected their lives. Moving forward for herself, she wanted to learn how to better her financial success. This is when she learned about IBC. Tune in to listen to how easy it is to get started towards a better banking function in your life and the impact it will have on you, your family members, and other generations. Episode Highlights 02:27 Tarisa opens up about how her father's sickness and the financial implication affected her views on financial systems 04:31 Her hard work in college and her time teaching English in Korea 09:12 How she started implementing her newfound financial plan 12:18 Difference between passion and purpose 15:51 How financial planning should include contingencies for when things don't go as planned 18:15 Why we usually think like consumers instead of business owners or bankers when it comes to our finances 20:23 The importance of being curious and asking questions early about finances 23:46 Peace of mind in regards to finances is priceless Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com Connect with Tarisa Shelton https://www.factumfinancial.com/the-team/ https://www.youtube.com/watch?v=Q99YuFDhzpU
Sage Wealth Strategy was built on the desire to help clients take control of their financial future through education and empowerment. Rather than trying to sell just another financial product, we teach them new processes for managing their money. Listen in to hear about the five-step process to help you truly understand your current financial situation then schedule a call with us to create a strategy to reach your goals! Episode Highlights 00:17 The importance of understanding the process of personal finance 01:05 The four steps to solving financial problems 02:14 Accepting the same results as everyone else is not always the best approach 03:20 Asking yourself who is truly in control of your financial decisions 04:23 Recognize the unseen costs associated with financial strategies 07:39 Understanding your Why 08:19 The importance of creating a long-term impact through generational planning and knowledge-sharing Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
With recent changes to tax laws, many Americans found themselves with much smaller tax refunds than they anticipated. Most chalk it up to the belief, “that's just the way government and taxes work,” others are more upset. Believing the government is out to rob you of your hard-earned money is a limiting mindset. In reality, the government wants you to reduce your taxes. Reducing your taxes may sound complicated but it doesn't have to be. The key is to understand how you can take advantage of the legal options available to you. Schedule a call with us to help develop a strategy that aligns with your goals and values Episode Highlights 00:17 The government wants you to reduce your taxes as a way to influence behavior 01:24 The majority of the tax code is designed to save you money through deductions and other means 02:16 How the tax code is used to incentivize behavior, such as investing in housing, to benefit society. 03:40 Charitable donations and using them as deductions, government encouragement 04:50 Using properly structured whole life insurance as a tax-advantaged strategy. Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ wade@sagewealthstrategy.com
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