E253: Joey Mure
Dollars and Nonsense
In this episode, I interview my good friend Joey Mure from Wealth Without Wall Street, a very well-known and well-loved infinite banking company and podcast show. Enjoy! --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker...
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E252: Shane Tiffany
Dollars and Nonsense
In this episode, I interview big brother Shane Tiffany, a great friend and AVID fellow IBC-er. We discuss our IBC journey together! TUNE IN AND ENJOY! --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker and build a solid...
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E251: Base vs. PUA
Dollars and Nonsense
In this episode, I talk about one of the most common questions that we get at Living Wealth, especially recently: the difference between base premium and PUA premium. --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker...
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E250: Larry Jessup
Dollars and Nonsense
In this episode, I interview my grandfather Larry Jessup about his life over the last 85 years. Grandpa is a hard-working successful entrepreneur, an actor, business owner, and a faithful disciple of the Lord Jesus. I credit my walk with the Lord largely to the influence of my grandfather, and my relationship with him is a deep, central part of who I am. I hope you enjoy this episode with him! --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and...
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E249: Ray Poteet, December 2018
Dollars and Nonsense
In this episode Michael Duryea provides a brief update on the podcast, and we re-air a podcast episode with the one and only Ray Poteet talking about infinite banking! This episode with Ray as special guest was originally aired in December of 2018. --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking...
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E248: Re-airing Ray Poteet!
Dollars and Nonsense
In this episode Michael Duryea provides a brief update on the podcast, and we re-air a podcast episode with the one and only Ray Poteet talking about infinite banking! This episode with Ray as special guest was originally aired in February of 2018. --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking...
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E247: The Nate Scott Finale!
Dollars and Nonsense
In this podcast, Nate and Michael discuss Nate's final 3 takeaways he wants to leave the audience with as he steps down from podcast. --- Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker and build a solid financial...
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E246: Two Biggest Hangups for IBCers
Dollars and Nonsense
Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker and build a solid financial strategy? Check out our FREE Infinite Banking Foundations course: =========================== Subscribe and Listen to...
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E245: Infinite Banking as a Platform
Dollars and Nonsense
Stuck in traditional banking systems and feel like there's no better way? Most people never question the banking structure they use every day. Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future. 📒Free Infinite Banking Resources 📒 =========================== Want to become your own banker and build a solid financial strategy? Check out our FREE Infinite Banking Foundations course: =========================== Subscribe and Listen to...
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📣BIG NEWS: Living Wealth Welcomes New President
Dollars and Nonsense
After much prayer and consideration, Nate Scott is stepping down as president to follow his calling in ministry. Michael Duryea will take over as President of Living Wealth, continuing our mission. While transitions can be challenging, we are confident that God's hand is in this. Living Wealth remains committed to serving our clients and community, driven by the same values and dedication as always. As we navigate this change, we ask for your support and understanding. We believe the future is bright and filled with potential, and we're excited to see where this new chapter...
info_outlineIn this episode, Nate Scott dives into the whole life insurance debate by presenting five reasons why people believe infinite banking is a scam, and five opposite reasons why people like whole life insurance. His goal is to bridge the gap between those who support and those who criticize whole life insurance. Nate acknowledges the valid concerns of skeptics while also highlighting the benefits that attract many to the infinite banking concept. By offering a nuanced discussion, Nate hopes to encourage listeners to consider different viewpoints when making financial decisions.
Key Takeaways
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Criticisms of Infinite Banking: its expense, the belief that agents' are only in for commissions, lower rate of return, the idea that you’re “borrowing from yourself”, and the perception of the insurance company taking the cash value upon death.
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Reasons for Choosing Whole Life Insurance: its long-term growth potential, contractual access to money, built-in estate and legacy planning, the ability to fund other investments, and the potential for safe, tax-free passive income.
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Bridging the Gap: Understanding both sides of the debate can help bridge the gap and foster understanding between proponents and critics of whole life insurance.
Episode Resources:
Gain FREE access to our Infinite Banking Course here