Powered By Factum
Guest hosting today's episode is CIO of Factum, Wade Borth. He talks about the importance of understanding your niche, building a solid foundation, and sticking to a proven system. Join him as he shares insights on the knowledge, administration, and mastery needed to grow your business successfully. And remember, it all begins with understanding who you are and where you want to go! Highlights 01:09 The benefits of the systems Factum has built to aid business growth 03:43 Key tasks to do to succeed in business touched on: Identifying your niche 05:25 Points to consider while embarking on a...
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In this episode of Powered by Factum, Kyle and David explore 'The Hive Mind' at Factum Financial. They don't consider themselves just life insurance salesmen; they are a leadership development company that believes in abundance in all areas of life. Discover how their culture of collaboration and creative thinking drives innovation and leads to a better customer experience. Tune in as Kyle and David discuss the power of bringing diverse minds together and how it shapes our path towards excellence and abundance. Highlights 01:48 The impact of their company culture on improving customer...
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Hosting today's episode is Wade Borth, agent mentor at Factum. He explores the concept of abundance in five key areas of life: Spiritual, personal, family, financial, and occupational. Wade discusses the importance of relationships, vision, and taking action to achieve true abundance. Discover how the community at Factum helps individuals align their values and goals to lead more fulfilling lives. Tune in for insightful conversation that goes beyond dollars and cents, focusing on the journey to becoming the best version of yourself. Explore more at factinfinancial.com and see if our values...
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In today's episode of Powered By Factum, Kyle and Wade share their vision to serve a million clients. They discuss how their leadership team focuses on success, authentic leadership, and a compelling vision while providing valuable training and coaching to life insurance agents. Discover what sets Factum apart in the industry and why we believe in a transformational approach over a transactional one. If you're an agent looking to be part of a community that helps you grow, scale, and achieve your compelling vision, Factum might be the right fit for you. Join us in this journey of building a...
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Today, hosts Kyle Fuller and David Zapata explore their views on personal finance, life insurance, and the pursuit of excellence. They discuss attending industry masterminds, including the annual Infinite Banking Concept Think Tank and Truth Concepts training, emphasizing the importance of clarity, math, and community in the financial world. Tune in for insightful discussions and valuable insights on building a culture of excellence in finance. Highlights 01:09 - David Zapata shares his experience attending the infinite banking concept event for the first time as a guest, the value of...
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In this episode of Powered by Factum, Kyle is joined again by friend and mentor Steve Chader. Today, they dive into the core principle at Factum - creating the ideal life. They discuss the importance of focusing on success and how this concept applies to all areas of life, including spirituality, personal development, family, finances, and community. Take a listen as they explore the power of intentional growth, clarity of vision, and the significance of relationships in achieving an abundant and successful life. Highlights 01:12 Steve’s insights on financial independence and the point that...
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Guest host Wade Borth steps in again today to discuss the importance of mentorship and the personal and professional benefits that come with it. He shares that in his personal journey as an IBC mentor to fellow agents, he's learning from his mentees as well. The value a good mentorship can bring to not only the agent, but also the client is invaluable. Tune in to hear more about what a good mentor can do for you! Highlights 00:19 The value of having a mentor 02:17 Dynamics between a mentor and mentee and why it must be a two-way, mutually beneficial relationship 03:43 How working with mentors...
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Following last week's episode, today Wade and David do the What behind Powered by Factum. They discuss what each letter of Factum represents and what it means to be a part of the Factum brand, and the importance of mentorship to help you be the best version you can be - not only to yourself but also to your clients. Take a listen to see if being Powered by Factum is just the fuel you need! Highlights 02:03 The meaning and relevance of 'factum,' a term they define as the statement of facts and its relation to their business approach 07:36 Authentic Leadership and the need for constant...
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Today, Wade and David guest host to discuss Powered by Factum and the why behind it. They discuss how Factum is trying to empower people to become their own banker, to go on a journey of self-discovery, education, and unfoldment. Joining a community where you can leverage resources, other people, knowledge, and experience can be a very powerful thing. Tune in to hear more about this community and the story behind it. Highlights 01:12 The value of framing conversations around why and discussing the value of being powered by Factum 05:09 Vision on where he wants to take his business 07:16 The...
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Joining Kyle today is fellow agent David Zapata where they discuss innovation in the life insurance industry. Kyle and David share how their FACTUM High Performing Organization model, focusing on success, leadership, vision, training, coaching, innovation, and ownership, is reshaping the industry. Tune in to learn how they're building solutions that empower agents and enhance the life insurance experience. Highlights 01:48 David Zapata’s background, including working in corporate America in the jet engine business and how it shaped his understanding of innovation 06:15 Things that pose as...
info_outlineJoining Kyle today and for the next three episodes is Todd Langford, creator of the Truth Concepts. Over this mini series, they will address the misconceptions of whole life insurance starting with commission on life insurance policies. Many people think these policies pay out the highest commission which in fact, they have some of the lowest commissions. This is why it is important to pose life insurance as more of a savings avenue versus an investment. Tune in to part two to hear more misconceptions about life insurance.
Highlights
01:20 How most misinformation in the financial industry comes from numbers taken out of context
03:30 The unfair comparison between industries with different payment structures
04:25 Realization that the cumulative fees on a 4% bond with a 1.5% management fee is greater than the commission on a whole life insurance
09:09 Understanding that real value comes from the delivery of services, not just from the price
10:47 What happens when a new company and a new fund manager manages your portfolio
12:32 The hypothetical scenario since insurance gets paid differently compared to equity advisors: Insurance gets paid higher upfront, but equity advisors earn more in the long run
17:01 The comparative analysis between life insurance and other assets, and how life insurance provides certainty
22:00 The need for a balanced perspective when comparing different finance industries and their commission structures
23:27 Consideration of how future market trends might impact financial decisions and the value of life insurance as a stable asset
25:36 The misconception that life insurance is the most lucrative commission-based industry, and the educational resources available for better financial understanding
Episode Resources
- https://www.factumfinancial.com/
- https://www.factumfinancial.com/resources/#courses
- Connect with Kyle Fuller
- https://www.linkedin.com/in/kyle-fuller-9516311a9/
- https://factumfinancial.ac-page.com/book-appointment
- Connect with Todd Langford
- https://truthconcepts.com/
- https://www.linkedin.com/in/truthconceptssoftware