Ep. 81 - Control & the Cost of Acquisition
Farming Without the Bank Podcast
Release Date: 02/12/2021
Farming Without the Bank Podcast
Don't let people kill your dreams, and by gosh, don't be scared to share them with me! Audio Production by Podsworth Media -
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So many people talk about being debt-free but have policy loans. This is not debt-free; you have to be an honest banker. Audio Production by Podsworth Media -
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The big IBC debate around IUL vs. whole life has come to a head with the document I received last week. It is full of lies and was given to clients. Chris is a leading expert in IUL and why those policies are not good, so I had him on as a guest to speak about the IUL debate. Audio Production by Podsworth Media -
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Nelson Nash talks about windfalls within the world of Infinite Banking, but loans should not be taken with a windfall in mind to repay, unless it's a unique circumstance. Audio Production by Podsworth Media -
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We hear a lot about the MEC when we talk about Infinite Banking, but rarely do we hear the ins and outs of it. Here are the ins and outs, why it matters, when it happens, and how to avoid or work around it. Audio Production by Podsworth Media -
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In this episode, you will see evidence and real policies demonstrating why universal, variable universal, and indexed universal life policies are not a good options for the long term. IBC uses whole life and only whole life for a reason. Audio Production by Podsworth Media -
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There are normally three types of people that take the step to meet with me, but they get there differently and over a different period of time. Who are you? Audio Production by Podsworth Media -
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We talk a lot about cash value in IBC, but we rarely talk about the death benefit and why this is important, even if you are debt free and in your 80's or 90's. Today, we talk about why the death benefit is important. Audio Production by Podsworth Media -
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Many of you have money in 401K or stock because your company matches or you don't know anything else. Well, let's talk about if non-liquid money is the best option and what those costs are to tie up that money. Audio Production by Podsworth Media -
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I am frequently asked how IBC users can best apply extra interest. Start another policy? ...or wait? ...or what? Audio Production by Podsworth Media -
info_outlineIn this episode, I talk about the real reason behind Infinite Banking and what people are forgetting, as well as tying in Nelson's chapter, "Cost of Acquisition", and how we forget our time is worth something.