Real Life Infinite Banking Stories.
In this episode we share a bunch of stories from our clients on how they have used infinite banking personally.
A Word of Caution! Don’t listen to this episode unless you want to feel inspired and encouraged.
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In this episode we go back to the very beginning of the Infinite Banking Concept and the teachings of Nelson Nash to look at exactly what is Infinite Banking.
Learn about the discovery of Infinite Banking, the teachings of Nelson Nash, and the core principles of The Infinite Banking Concept.
This episode will bring clarity to what the Infinite Banking Concept is, and why it works so well.
Real life Infinite Banking stories from clients of McFie Insurance as promised in episode 530 has been moved to episode 532. To listen to real life infinite banking stories go to episode 532.
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The big idea of Infinite Banking is that you recover the money you’re spending.
The Infinite Banking Concept uses a participating whole life insurance policy to accumulate equity, then use that equity to leverage for a loan.
This process can be understood easily by thinking of something we are already familiar with. A HELOC.
There are some similarities to using a Home Equity Lines of Credit and using a Life Insurance policy as collateral for a loan. We talk about them.
There are also some big differences that gives Life Insurance a big advantage. We talk about those.
The Infinite Banking Concept is very straight forward. Much of the complicated information and articles on IBC are not helpful and just cause more confusion.
This episode is all about Infinite Banking Made Simple. Listen and learn now
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Everything in life has a cost. Many times the cost of using one’s own money is overlooked, and the earnings that your spent money could have earned, are lost forever.
Using the Infinite Banking Concept and Participating Whole Life Insurance you can overcome this lost opportunity costb by having access to your money while it continues to grow.
Learning and implementing the principles of growing wealth that we talk about in this episode, will help you get ahead financially and build a more successful financial future.
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On a recent Dave Ramsey show there was a caller who is a trim carpenter making decent money, but wanting to save more. He was divorced 8 years ago, and now has 23k in savings. He owes about 25k left on his mortgage, and has a 20k dollar loan on his motor bike.
Dave gave some shocking advice to this guy!
We have a much different approach to how we help our clients than what Dave said to his caller, so we decided to add our commentary on this episode.
What are your thoughts on how Dave advised his caller?
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