The ABC's of IBC
Join your hosts, authorized IBC practitioners Doug Mackenzie & John Fox Ward for a genuine perspective and conceptualization of The Infinite Banking Concept ®.
info_outline
Special Guest: Jackson Pemberton - As Quoted By Nelson In Becoming Your Own Banker
05/24/2024
Special Guest: Jackson Pemberton - As Quoted By Nelson In Becoming Your Own Banker
In episode 54 titled "Your Right To Choose Free Will", we discussed a passage from Becoming Your Own Banker where Nelson quotes the work of Jackson Pemberton. It just so happens John was able to track Jackson (Jack) down and bring him on our show. Jack has a storied history and it was a pleasure to discuss that as well as his foray into Infinite Banking. We hope you'll enjoy the conversation as much as we did. Please see below for some links to Jack's work: Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/31435672
info_outline
Solve For This Need- Why Everybody Should Have Life Insurance For Their WHOLE Lives
05/10/2024
Solve For This Need- Why Everybody Should Have Life Insurance For Their WHOLE Lives
“This book demonstrates that your need for finance, during your lifetime, is much greater than your need for (income) protection. Solve for this need through this instrument (called the Infinite Banking Concept) and you will end up with more life insurance than the companies will issue coverage on you (from the outset).” - Becoming Your Own Banker, Nelson Nash Page 3 Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/31213157
info_outline
Your Right To Choose Free Will
05/03/2024
Your Right To Choose Free Will
In his book Nelson Nash uses the analogy of a story written by Jackson Pemberton, entitled “A New Message on the Constitution.” He stresses that “you are not the slave of government.” The Constitution is your servant and the master of your government. It is not only the law by which you are governed, it is the law by which you may govern your government.” The same goes for the banking function in the economy. He points out that most people abdicate “their opportunity/responsibility” to another character on the world stage, and shows how that character in the play is making most of the money. He goes on to say “succumbing to these feelings, produces a huge burden on your financial future —- the price must be paid.” He is plainly stating your whole life insurance contract is the “constitution” by which the life insurance company (trustee) must serve you as the beneficiary. You have a choice…take control of or be subject to the whims of your master’s desires. Become your own banker!!! Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/31058388
info_outline
The Grocery Store Explains It All …In Just 2 Pages!
04/26/2024
The Grocery Store Explains It All …In Just 2 Pages!
Don't steal the peas! If you've read Becoming Your Own Banker, your probably familiar with this adage. In today's episode we delve into the true meaning of this and discuss the importance of "being an honest banker" "If you understand the grocery store, the rest of learning how to be your own banker is “a piece of cake!” Becoming Your Own Banker - R. Nelson Nash Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30989443
info_outline
The Dry Powder Effect
04/19/2024
The Dry Powder Effect
"The only thing that limits how much (money) you can get to is the same they tell you at the bank when you ask them, ‘how big of a check can you write’ —- how much have you put in?” Becoming Your Own Banker - Page 13 - R. Nelson Nash Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30884083
info_outline
Paying Taxes Isn't A "Season"
04/12/2024
Paying Taxes Isn't A "Season"
"When taxation becomes onerous to the point where government officials sense rebellion, they always resort to the exceptions to the rule. They invented “Qualified” pension plans, 401(k)s, and IRAs. Can you believe it! The lawmakers create a problem by spending money that they do not have which results in strangling taxation —— and then they create a solution in the form of an exception to the rules they created. The natural result of such a process is a system in which the government controls everything you do, and they can, and will change their mind upon the slightest whim of the times. And they keep changing the rules so that it looks like they are trying to ‘help you out’.” - Becoming Your Own Banker - R. Nelson Nash Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30781543
info_outline
Social Security “Dis-Trustees" - Several Trillion Reasons For Creating An Independent Retirement Fund
04/05/2024
Social Security “Dis-Trustees" - Several Trillion Reasons For Creating An Independent Retirement Fund
A note on social security sourced from zero hedge: "The program's payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to the latest annual report by Social Security's trustees, the gap between promised benefits and future payroll tax revenue has reached a staggering $59.8 trillion. That gap is $6.8 trillion larger than it was just one year earlier. The biggest driver of that move wasn't Covid-19, but rather a lowering of expected fertility over the coming decades." - Stark Realities “Note that spending the money to teach Susie “banking” through the use of dividend-paying (whole) life insurance instead of sending her to Vanderbilt and then to medical school: 1) eliminates the need to establish a retirement plan of any kind 2) eliminates the concern for whether Social Security will survive or not (it won’t!).” - Pg 77 Becoming Your Own Banker - R. Nelson Nash Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30660083
info_outline
Become A Leasing Company
03/29/2024
Become A Leasing Company
"At this point, we turn to the matter of ownership of the policy (or policies). The company, a corporation, should not own it. He can improve the wealth building effects of the whole scenario by owning the policy, himself, and lease the equipment to the corporation, making sure that he has charged a lease payment that is the highest possible. By doing it this way, he can have an interest deduction for the policy loans used to purchase the equipment (the loans are for the leasing business purpose). He can depreciate the equipment over a reasonable time, and he has a “captive customer” to lease the equipment that is sure to make the lease payments.” - Becoming Your Own Banker - R. Nelson Nash Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30485013
info_outline
Screwball Ideas and Half-Truths
03/22/2024
Screwball Ideas and Half-Truths
It is said that a lie becomes the truth, if it is repeated enough with one another. Without investigation, the truth is often hidden in plain sight. “In the late 1500s,the Conquistadors of Spain were down in South America (in what is now Peru) looking for gold. They didn’t find much gold but they did find a plant that they took back to Europe. It was the potato! The strange thing is that the Europeans went from a condition of thinking that the potato was poisonous (b/c it comes from a plant family that has a large number of poisonous plants in it) to one of the large-scale dependence on it. (Think ‘Potato Famine’) Of course, this change of understanding took place over a long period of time. The world seems to always behave that way. We pick up some screwball idea that is based on a half-truth and let it grow into a monster the blinds as to what is really happening.” Becoming Your Own Banker - R. Nelson Nash Life insurance and the Infinite Banking Concept is often this blindspot Nelson Nash spoke of in the above quotation. We hope the understanding of what is “really happening” with this concept dawns on the world sooner than later. THIS IS THE GOLD! Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30483813
info_outline
Did You Know You Are The Lender?
03/15/2024
Did You Know You Are The Lender?
If you understand what's really happening, you'll know what to do. - Another Nelson adage that hits home. Join Doug & John as they discuss the precarious nature of the current banking system, why it'll never work for YOU, and why they recommend creating a tax advantaged banking system in your control using whole life insurance. “But, upon reading the contract (the policy) you will find it plainly stated that the Owner outranks every potential borrower in access to the money that must be lent! And what he can borrow is 100% of his equity in the contract (the amount that the company can lend at any one time). If this is true —- which it is —- then what this amounts to is absolute control over the investment function of the company as it relates to the owner’s policy. In essence, money can be lent to the other places only if the owner of the policy does not exercise his option to use the money (and pay interest) instead.” Page 22 left-hand column of Becoming Your Own Banker - R. Nelson Nash Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30378353
info_outline
Getting Better No Matter What
03/08/2024
Getting Better No Matter What
“Not too many people are familiar with the concept of getting better no matter what, so let’s look at the airplane world for help. Imagine that we are going to make a very long flight on a Boeing 747, so we load it with all the fuel that it will hold. This makes it capable of flying about 10,000 miles. By the time we fly 8,000 miles, the plane will now be able to do things it would never attempt to at takeoff. This is because we have burned up an enormous quantity of fuel and the airplane weighs that much less, but the engines are capable of producing as much power as when we took off. Therefore, every mile that we fly, the airplane will get more efficient, and you can’t do a thing about it! It gets better no matter what! The policy is engineered to become more efficient every year, no matter what. There is an ever-decreasing net amount at risk for the insurance company.” Becoming Your Own Banker, page 22 - R. Nelson Nash That bears repeating, so let's say it again - An ever-decreasing net amount of risk …which allows the insurance to share an ever-increasing share of the annual profits with their policyholders via dividend payouts and increases to the overall insurance coverage. Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30294548
info_outline
Why Didn't You Sell Me More?!
03/01/2024
Why Didn't You Sell Me More?!
When Nelson Nash ran into his “imperfect storm”, he always wished he’d put more coverage on himself as he would have had more cash value to access in that time of financial struggle. In perfect Nelson style he uses a comical story about his brother- which Doug and John expand upon in this week's episode. Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30156788
info_outline
What Is Your Cost of Acquiring Financing?
02/23/2024
What Is Your Cost of Acquiring Financing?
"If you were in command of the banking function, you do not have to go through all this (bloodletting). The Infinite Banking Concept does exactly that! You can make timely decisions. There is no cost of acquisition. You are in competition with others you must go through the (bloodletting) that has been outlined. Guess who wins?” -R. Nelson Nash, Becoming Your Own Banker, page 68 Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/30066163
info_outline
Take #2 - What Is The Infinite Banking Concept - Revisited
02/17/2024
Take #2 - What Is The Infinite Banking Concept - Revisited
After over 40 episodes we figured it was time to return to our roots and spend some time talking about exactly what the Infinite Banking Concept is at its core! “now you are finally in business as a bank. You must make your bank known by lots of advertising and inducing people to make profit deposits to your bank. Why do you think they would deposit the money with your bank when they could easily do business with establish banks that have been there for years? Right! You were going to have to pay them something better than they are getting at their current banking connection.” Nelson Nash, from, becoming your own banker. Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29997363
info_outline
To Dump Or Not To Dump - Is There Any Magic To A First Year Premium Dump?
02/09/2024
To Dump Or Not To Dump - Is There Any Magic To A First Year Premium Dump?
As with many things in life, there are no hard and fast rules. We have options. We can design a road forward in many meandering ways. If we can see the consequences ahead of time we may choose to avoid certain paths in designing the policy that is right for you. On this episode we discuss the consequences of dumping in a lump sum of cash in the first year of a policy. There is no hard and fast rule as to whether it's a good idea- but we think that in most situations it is a long term detriment and it has been unnecessarily hyped up by certain people in the IBC world as a way to sell policies to those that don't truly understand the Infinite Banking Concept. Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29812143
info_outline
What Is This "PUA" All About?
02/02/2024
What Is This "PUA" All About?
The Paid Up Additional Insurance rider, or PUA, as it's generally referred to is a critical component of policy design that allows whole life users to begin implementing the infinite banking concept immediately. We've discussed this wonderful rider many times in previous episodes, but are still getting a lot of questions from our clients on this, so we figured it was time to devote some more air time to this one! “When using this type of life insurance to solve your need for banking, we will de-emphasize the immediate death benefit, but accentuate the banking qualities. (the cash values).The base policy will pay dividends and the PUA rider will also pay dividends. They should be used to buy Additional Paid-Up Insurance, which gives more meaning to the infinite qualities of the system.” R. Nelson Nash, Becoming Your Own Banker (page 38) Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29721388
info_outline
The Uncommon
01/26/2024
The Uncommon
For our 40th episode, we're going to challenge our listeners to RE-THINK their thinking. Enough said! “So what kind of financial strategies should you be using in your financial world? Should you be doing the same common things that everyone else is doing? Or should you maybe be doing things differently? The good news is that some of what I ‘know that I know’ is currently sitting in your blind spot. So, by sharing what I know, I hope to help you to expand that which you know. “ -Bryan S. Bloom, Confessions of a CPA Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29653033
info_outline
Let's Talk About Rates Of Return
01/19/2024
Let's Talk About Rates Of Return
It's incredibly difficult to assess a financial instrument without first looking at "what's the rate of return". We've been trained to do this our entire lives. Nelson really pushed the idea that the Infinite Banking Concept is not about rates of return. It is NOT an investment. It is a tax advantaged savings account with a truly unsecured line of credit, and a growing death benefit. However, just to have some fun, your hosts decided to delve into the discussion of rates of return! "...but, hardly anyon takes this into consideration. They all tend to look at the early years of the two methods and conclude "life insurance is a poor place to accumulate wealth. They couldn't be more wrong!" - R. Nelson Nash, Becoming Your Own Banker Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29534733
info_outline
How Long Is Long Term?
01/12/2024
How Long Is Long Term?
Anyone who has read the book "Becoming Your Own Banker" is familar with the adage "think long term". Whether stated explicitly or insinuated implicitly, this concept pervades the book and is one of the building blocks of succesfully implementing and adhering to a lifelong practice of infinite banking. The problem that we see (and that we ourselves sometimes experience) is that most are not actually thinking long term, even if they think they are. Join your hosts as they attempt to redifine exactly how long is long term. We had fun with this one, and hope you will too. "I was educated as a forester, graduating from the University of Georgia in 1952. A large portion of the root thought of this concept is coming from the study of forest finance- the fact that you are dealing with compound interest over a long period of time with no taxation on the build-up." - R. Nelson Nash, Becoming Your Own Banker Connect with Doug MacKenzie: Website: Email: Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29417993
info_outline
Buying Annuities Vs. Annuitizing Your Whole Life Policy
01/05/2024
Buying Annuities Vs. Annuitizing Your Whole Life Policy
We received a question from a listener that we felt was worth deliving into- "Why dont you talk more about annuities?". It's not that theres anything wrong with annuities, but we feel that a properly designed whole life policy can essentially accomplish everything an annuity can while also providing a whole host of other benefits. That being said, it's not a cut and dry answer, so come join us to find out more! "There are times when purchasing an annuity product instead of a whole life product is the only viable option due to old age or poor health condition. If neither of these two items are obstacles, a permanent whole life contract is the superior option because it allows the holder to "seed" the policy (s) with post-tax premium producing a one-of-a-kind tax-free cashflow that is second to none” - John Fox Ward.” Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29316438
info_outline
Seeding Your Future
12/29/2023
Seeding Your Future
Join John & Doug as they delve further into a topic discussed earlier in the year- convertible term insurance. When whole life premiums aren't a good fit for your current situation, but may be in the future, a convertible term policy is the solution. Lock in your insurabilty and know that you have the contractual right to convert to a quality whole life policy when your finances allow. "There is a provision that allows you to convert your term policy to a permanent life insurance policy without having your health rescreened for pricing and issuance purposes. This conversion can be done within a specified period of time for an amount equal to [or less than] the amount of the term policy. There is both economic and emotional value in the convertibility of a term life insurance policy. Principle # 5: I want to get as much life insurance coverage as I can get, because there is not a large enough sum of money that an insurance company will issue that can fund the future that my family and I have dreamt of.” - Bryan S. Bloom, CONFESSIONS OF A CPA, The Truth About Life Insurance. Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29204933
info_outline
How To Select An Agent
12/22/2023
How To Select An Agent
The Infinite Banking Concept is a lifelong process, so the insurance agent you choose for your next policy will be your agent for as long as you or they are alive. It's a decision that shouldn't be made lightly. That agent is there not only to design and implement your policy, but also to walk that journey with you over the years- to answer questions, guide you on how to best utilize the policy, etc.. Join John and Doug as they provide their insights and experience into what folks should be on the lookout for when taking this step. "Somehow or another, it never dawns on most financial gurus that you can control the financial envirronment in which you operate. Perhaps it is caused by lack of imagination, but whatever the cause, learning to control it is the most profitable thing you can do over a lifetime." - R. Nelson Nash, Becoming Your Own Banker Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29193588
info_outline
Capitalize, Capitalize, Capitalize!
12/15/2023
Capitalize, Capitalize, Capitalize!
Often times newcomers to The Infinite Banking Concept look at the ability to pay into the policy for decades as burdensome. If they are perceiving it that way, it is crucial that they step back and reconsider why they even want to do the Infinite Banking Concept in the first place. If you do not embrace the ability to pay premiums as a highly desirable endeavor, you are missing the point! "You must build the capitalization phase over a period of time, such as four years minimum. You may find it necessary (and desirable) to accumulate the capital over a longer period of time. Indeed, additional capital makes the system more profitable. Whoever heard of a grocer complaining about having to fill the shelves on five (levels) in his store instead of four? He knows full well the additional merchandise (capital) will improve his profitability. Neither should someone complain about additional capital (premiums) paid into a life insurance policy." - R. Nelson Nash, Becoming Your Own Banker Connect with John Fox Ward: Website: Email: Connect with Doug MacKenzie: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/29088028
info_outline
The Gift Of A Lifetime
12/08/2023
The Gift Of A Lifetime
Due to several listener requests, we further breakdown the conditions and logistics of juvenile policies. Whether you are a parent or a grandparent, this gift may be the most significant one most children will ever receive. It may not look like it to them now, though their gratitude and appreciation for it will grow as it grows. "If you owned a banking system, wouldn't you want to run all of your business through your bank? If this is so, then life insurance premiums paid each year should ultimately equal annual income. This can't be done immediately. It will take the average person about twenty years to reach this level. If this message is taught to succeeding generations, then a perpetual banking system can be acheived." -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28982528
info_outline
Two Passive Incomes- One Policy
12/01/2023
Two Passive Incomes- One Policy
The traditional financial model espouses saving/investing for many years, and then depleting that nest egg for the last few decades of ones life. It's hardly a system of generational growing wealth, and often fails to last long enough for the first generation. Join Doug & John as they discuss how even one policy can be used across multiple generations and provide true utility over many many decades. "Please notice that I did not say ‘retirement income’—- I’m dropping that word from my vocabulary. Passive income is money that comes in every year and you don’t have to do anything to receive it. In fact, you can’t do anything about —- it just appears" -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28553144
info_outline
Securing Your Family's Financial Future With Child Policies
11/24/2023
Securing Your Family's Financial Future With Child Policies
Compound interest can work for anybody at any age, but the longer the time horizon, the better. There is no better time to get an insurance policy than when someone enters this world. Premium payments required to acheive a large death benefit are low, passive income is assured, insurability is locked in, most underwriting requirements are avoided, and most importantly it allows a substantial tax free build up of cash that can be used for decades to come. Join Doug & John as they discuss just how powerful child policies really are. "As each generation becomes grandparents, they buy life insurance on their grandchildren. If the message is passed on to each child-bearing generation- as they become grandparents then you can create the same effect as the "even distribution of age classes" in the growing trees, but it is far more profitable and certain as to the results." -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28526672
info_outline
The Beauty Of Unstructured Loans
11/17/2023
The Beauty Of Unstructured Loans
Applications, justification, income verification, qualification, etc.... These are some of the many steps we have accepted we must take when getting a loan from someone else. It's a laborious process that's not within our control. What if there was a better way to access capital? Come join Doug and John to find out how! “What is an unstructured loan? It is basically an open ended loan arrangement. It is open ended because of the time and frequency of repayment is not defined. There is no set time of repayment. This means that you can pay it back whenever you want, and if you have enough collateral capacity to absorb the loan, you may never have to repay the loan or the interest. (Very) few people can obtain (an unstructured loan unless you have) access to loans from friends without terms, or available from your life insurance company if you own a permanent life, insurance contract.“ - Brian Bloom - Confessions of a CPA, The Truth About Life Insurance. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28314995
info_outline
Is Now The Ideal Time To Buy Whole Life Insurance?
11/10/2023
Is Now The Ideal Time To Buy Whole Life Insurance?
To repeat an old adage- the best time to buy life insurance was 20 years ago. The second best time is now. The time value of money coupled with the power of compounding means that age is always the most powerful predictor of policy performance over the long term. However, there are other factors at play at a Macro level that play a role. Insurance companies rely on safe assets to generate yield on their capital, and therefore, are greatly affected by interest rates. The last few decades have seen historically low interest rates, and declining dividend rates by insurance companies. We are now at a turning point in this environment, and are starting to see companies either hold, or slightly increase their annual dividend crediting rates. While we certainly can't predict the future, we postulate that now is likely to be a very good time to own whole life insurance. “At the end of the year, the Life Insurance company makes an accounting of the experience of that year of the death claims paid, the earnings on premiums collected, and the expenses of running the company. A dividend is declared which is actually a return to the policy owner of surplus premium that as collected. Hence, it is not an earning and, therefore, is not taxable. When that dividend is then used to buy additional paid-up insurance at cost, then the result is a continuous compounding of an ever-increasing base.” -R. Nelson Nash, Becoming Your Own Banker- Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28314881
info_outline
Collateral Capacity- The Importance of Increasing your Leverage
11/03/2023
Collateral Capacity- The Importance of Increasing your Leverage
If you've listened to any of our previous episodes, you'll know that one of the major aspects that makes IBC so powerful is leverage. Leverage is traditionally viewed as a scary thing that irresponsible risk taking investors use. We would argue that the contractual leverage provided by a dividend paying whole life insurance policy is one of the safest financial tools one can have at their disposal. An life insurance policy is unique in that every year your leveragable capacity grows exponentially faster than the year before as you pay premiums and as policy dividends are paid out and reinvested as paid up additions. This is different from a HELOC or traditional line of credit. Join Doug and John as they talk about the importance of growing you collateral capacity. “Many of the people that I work with have a large amount of cash value, permanent life insurance on themselves, and on key family members, and they don’t know how to use it. There will be many times during your career or in your personal life that you will need a cash cushion, and the cash value of life insurance will serve that purpose! A qualified advisor will show you how to structure the policy and once you have the money in the policy, it will become the lifeblood of your financial portfolio, while eliminating the need for many of the other buckets you were told you needed in the past. This one bucket will do the work of several, and it will give you liquidity, use, and control of your money.” -Bryan Bloom, Confessions of a CPA….Why what I was taught to be true has turned out not to be. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28315250
info_outline
Willie Sutton's Law- Wherever Wealth is Accumulated Someone Will Try to Steal it
10/27/2023
Willie Sutton's Law- Wherever Wealth is Accumulated Someone Will Try to Steal it
Do you like paying taxes? Neither do we. Come listen as Doug and John discuss this chapter in the book "Becoming your own banker" and learn how they only pay taxes once. Learn how you can protect your hard earned money from unkown future tax burdens, changes, additions, etc... "Economic problems are best solved by people freely contracting with one another and with government limited to the function of enforcing those contracts. And the best way to do so is through the magnificent idea of dividend paying whole life insurance! It has been around for over 200 years. It has stood the test of time. It is not compulsory. It is not a government sponsored idea. It preceded the income tax idea by a long time. It is private property!" -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Email: Connect with john Fox Ward: Website: Email:
/episode/index/show/2d942ece-5ccb-47a5-958e-d51fbff77c88/id/28315139