Beat The Banks

The Beat the Banks podcast focuses on educating Americans about increasing their savings rate and regaining control of banking functions through the prism of whole life insurance. The podcast asserts that the current financial system is stacked against the average person, regardless of their employment or financial status. The hosts emphasize the need for a banker in everyone's life, recommending the listeners to take on this role themselves.

Financial Abundance with Factum Financial with Wade Borth - Episode 24 02/05/2024

Wealth Strategies Unleashed: Mastering the Art of Financial Empowerment with Wade Borth - Episode 23 01/29/2024

Future Family Letter with Joe Fuller - Episode 22 01/22/2024

Future Family Letter with Joe Fuller - Episode 22 Today, Kyle is joined by special guest and brother Joe Fuller as they discuss the importance of creating a future family letter—a document that instills beliefs, values, and principles around money to ensure wealth and legacy preservation for future generations. They share their journey in crafting this essential document, emphasizing its significance in building a family banking system. Join them to discover how a future family letter can secure a lasting legacy. Highlights 05:31 Discussion on the concept of family office and its application in the Rockefellers and Rothschilds families. 10:22 Discussion on the concept of shirt sleeves to shirt sleeves and the pitfalls of not passing down financial knowledge. 16:03 Stress on the importance of defining what behaviors a family will and won’t tolerate for future generations. 20:02 Consideration of the idea that not all children will want to follow in their parents' business steps, but they still need financial education. 21:44 Commentary on the difference between wealth and riches, emphasizing the importance of understanding how money works. 26:57 Discussion on the common issue of family divides caused by inheritance disputes and the role of education in preventing these situations. 28:05 Examination of the role of contracts, values, and relationships in lending money to family members. 30:31 Acknowledgment of the need for long-range financial planning for the sustained wealth of future generations. 31:26 Recalling the importance of long-range thinking in wealth accumulation, as proposed by Nelson Nash. 32:20 Discussion on the role of long-range thinking and mindset in the legacy-building process. 33:57 Highlighting the importance of preparing future generations for financial and leadership obligations. Episode Resources Connect with Kyle Fuller Connect with Joe Fuller /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/29593863

The Factum Wealth Scorecard with David Zapata - Episode 21 01/15/2024

The Factum Wealth Scorecard with David Zapata - Episode 21 In today's Beat The Banks episode, Kyle is joined by fellow agent David Zapata where they talk about the Factum Wealth Scorecard. They discussed how this tool has been a game-changer for them as agents, their clients, and their colleagues, and how it directly relates to our wealth pyramid framework. Tune in to this exciting conversation as they explore how this scorecard empowers individuals to think, make informed financial decisions, and create a more secure and prosperous future. Don't miss out on the insights and strategies that can transform your relationship with money and put you on the path to financial success Highlights 01:43 The impact of their financial tools on various aspects of life 02:38 How their approach, focusing on education rather than selling, has resulted in high renewal rates 05:19 The importance of implementation over education 07:12 Building a strong financial foundation 09:19 The pitfalls of being thrust into the investment world without proper financial education 11:26 Questions on their scorecard: The importance of investing in personal growth 17:18 Adopting a growth mindset 20:26 The value of learning financial strategies early in life and growth accumulated over time 25:37 Perception of whole life insurance and its benefits beyond being an investment 31:49 How the scorecard can help implement the right habits for financial growth 37:49 How some clients can complete the scorecard in as little as six months, while others take three to five years 41:04 Personal experiences on how the wealth scorecard and financial literacy lead to peace of mind and confidence in the face of uncertainty 43:25 How having financial certainty and control positively affects other areas of life like spirituality, personal, family, and occupation. Episode Resources Connect with Kyle Fuller Connect with David Zapata /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/29492058

Infinite Banking: Revolutionizing Loans with Wade Borth - Episode 20 01/08/2024

The Truth About Infinite Banking: Debunking Myths and Building Wealth with Wade Borth - Episode 19 01/01/2024

Life, Liberty, and the Pursuit of Happiness with David Zapata - Episode 18 12/22/2023

I Wish I Knew Then with Steve Chader - Episode 17 12/18/2023

Developing Your Unique Investing Strategy with David Zapata - Episode 16 12/11/2023

What Does it Mean to Beat the Banks? with Wade Borth - Episode 15 12/04/2023

Do You Want a Professionally Managed Bond Portfolio? with David Zapata - Episode 14 11/27/2023

The Family Banking Business with Joe Fuller - Episode 13 11/20/2023

The Family Banking Business with Joe Fuller - Episode 13 Join Kyle and Joe Fuller on their incredible journey of family banking, wealth-building, and strengthening relationships. In this family themed podcast, they share their insights on how to shift from an independent family structure to an interdependent one, where financial education and values are at the core. Discover how they're empowering their own family to take control of their finances, create lasting relationships, and understand the potential of the Infinite Banking Concept. This podcast will inspire you to rethink your approach to money, family, and building a legacy of wealth and values for generations to come. Highlights 01:10 - Kyle discusses how earlier financial education has helped Joseph's wealth-building journey. 04:50 - Kyle and Joseph express mutual admiration and emphasize the benefits of learning these financial lessons at a young age. 11:59 - The need for parents to become the wealthiest person their children know is emphasized, as a way to keep financial mentorship within the family. 17:48 - A potential scenario is walked through, demonstrating how interdependent financing within the family maximizes the family's wealth and cultivates a stronger family relationship. 21:38 - Explains how starting your own private banking system allows control over cash flow, which unlocks the abundance in life, emphasizing the importance of cash flow in financial growth rather than net worth or accumulation. 25:22 - Illustrates how strategically insuring family members from different generations can lead to significant wealth transfer in the family. 31:50 - Details the importance of robust financial education to instill the right stewardship traits in children. 39:35 - Kyle and Joseph share that they encourage their family members to build their financial knowledge and foundation before delving into investments to avoid risky speculations. 42:46 - Discusses the idea of holding wealth seminars, which includes an in-depth discussion on family banking and instilling values related to wealth creation in family members. 45:15 - Reveals their ultimate goal of having a grandiose family retreat in Hawaii every year funded by their family banking empire. 46:15 - Stresses the role of imagination and intentionality in building a perfect life in all areas, not just in terms of wealth creation. 47:27 - Kyle emphasizes that their system is about a continuous journey of progression, aiming to unite and empower the family through financial education. Episode Resources Connect with Kyle Fuller Connect with Joe Fuller /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28719928

Whole Life Myths: Part 3 with Todd Langford - Episode 12 11/13/2023

Whole Life Myths: Part 3 with Todd Langford - Episode 12 In this final episode debunking life insurance misconceptions, Kyle and Todd discuss the rumors that whole life insurance is expensive with a low rate of return. Most of this information comes from unequal comparisons, but the reality is that life insurance can provide one of the highest rates of return over the course of its life. Tune in to hear more about how to maximize your dollars through whole life insurance. Highlights 00:55 Misconceptions about whole life insurance being expensive and having a low rate of return 02:26 How unequal comparisons play a significant role in misconceptions 04:56 Case of misinformation such as getting only the death benefit and no cash in life insurance 07:04 The concept of rate of return in a life insurance policy explained through a comparison with an alternate investment scenario 11:04 Importance of having term insurance during working years and the higher likelihood of death post-retirement 13:40 How having a mix of equities and bonds in one’s portfolio can yield better returns than a life insurance 16:50 The concept of self-insurance and the advantages of using an insurance company's pool 17:59 Comparing the certainty and protection of a whole life insurance policy to wealth accumulation 19:02 Benefits of partnering with a strong mutual insurance company 20:20 Debunking the common misconceptions about whole life insurance policies 22:00 There are no "deals" in the insurance industry, everything is built based on balance between risk and cost 23:24 The difference in risk and cost between term and whole life insurance 25:46 Assertion made that it’s incorrect to label whole life insurance as “expensive” and term insurance as “cheap” 28:52 Observation that comparing the rate of return from a whole life insurance policy to an investment vehicle is usually taken out of context 30:02 How partnering with life insurance companies can be valuable to the equities market as life insurance can provide a certain asset to counter market fluctuations 32:34 Conclusion that term insurance is not cheap and whole life insurance is not expensive, both are priced perfectly for what they do Episode Resources Connect with Kyle Fuller Connect with Todd Langford /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28449248

Whole Life Myths: Part 2 with Todd Langford - Episode 11 11/06/2023

Whole Life Myths: Part 1 with Todd Langford - Episode 10 10/30/2023

From School Teacher to Financial Freedom in 6 Years with Monty Flack - Episode 9 10/23/2023

From School Teacher to Financial Freedom in 6 Years with Monty Flack - Episode 9 This episode features Monty Flack, an ex-school teacher who became financially independent by investing in real estate. Together with host Kyle Fuller, they critique traditional retirement systems and advocate for financial literacy and generating cash flow over retirement savings. Flack shares his journey from a teacher relying on retirement plans to building a passive income stream in six years through real estate investing, guided by his mentors. Highlights 01:57 - Monty talks about the change in his financial outlook, the importance of exploring new opportunities and finding a mentor, and his entrance into real estate while still teaching. 04:31 - Monty's explanation of the difference between savings, investing, and speculating, and how this realization changed his financial strategies. 07:31 - Exploring the idea of retiring from the perspective of what you're retiring from, and how that ties into the individual desire to serve and live purposefully in five life areas. 16:05 - Insights on the reality of retirement income, inflation, and the realization of the need to create additional income. 21:16 - Discussion on how the current inflation situation could negatively impact retirement plans that Monty would've been a part of. 31:00 - Thoughts on the importance of options in life, including financial freedom which can help in fostering abundance in all life aspects. 37:27 - Explanation about using whole life insurance with real estate investing to solve the problem of having idle cash in a checking account, where combining both functions can lead to substantial growth. 40:30 - Discusses the constant compounding effect with life insurance policy and its similarity with the aid of wind in running events. 44:59 - Identification of the importance of financial education in money management, emphasizing their mission to empower people to make their own informed financial decisions. 46:20 - Encourages listeners to visit their website for courses on wealth building, family banking, and real estate investing. Also invites them to communicate for assistance in the wealth-building journey. Episode Resources Connect with Kyle Fuller Connect with Monty Flack /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28399379

Why You Should be the Banker in Your Life with Tarisa Shelton - Episode 8 10/16/2023

Why You Should be the Banker in Your Life with Tarisa Shelton - Episode 8 Kyle is joined by special guest, Tarisa Shelton, one of the youngest certified Infinite Banking Practitioners in the country. They dive into Tarisa's journey into the world of Infinite Banking, exploring how she discovered this financial paradigm shift and why it's essential for achieving financial success. Join them as they discuss the power of redirecting your money flow, creating a perpetual tailwind of wealth, and securing a brighter financial future for yourself and future generations. Don't miss out on this enlightening conversation about mastering your money and taking control of your financial destiny! Highlights 01:14 - Tarisa is asked about her story and journey into infinite banking. 05:17 - Host Kyle reflects on Tarisa's early entrepreneurial mindset and the limitations she faced with conventional savings environments. 07:28 - The importance of education and awareness in wealth building 16:12 - Conversations about applying infinite banking in their own lives. 20:49 - They explain the process of infinite banking, which involves borrowing against a whole life insurance policy and retaining original dollars, thus forming an uninterrupted growth of wealth. 27:03 - Tarisa presents the idea of infinite banking as creating an everlasting cash supply, which benefits future generations. 35:53 - A contrast between banking and investing is presented, expressing how the concepts are polar opposites. 39:17 - They discuss how controlling the flow of money, owning the banking function, and using it for investments increases the income tax-free death benefit, thereby increasing the legacy to be passed to the next generation. 43:33 - The need for someone to break the perpetual debt cycle in families through a different approach to banking and finances is discussed, emphasizing how this can have a long-lasting impact even after they're gone Episode Resources Connect with Kyle Fuller Connect with Tarisa Shelton /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28337105

Beat The Banks Book Review - Part 3 with Wade Borth - Episode 7 10/09/2023

Beat The Banks Book Review - Part 3 with Wade Borth - Episode 7 Kyle and Wade round off their discussion on 'Infinite Banking', encouraging a disciplined, long-term approach to this strategy. They advise individuals to keep their wealth in a secure environment like whole life insurance, pointing out that the need for finance during one's lifetime is more significant than the need for life insurance protection. They discourage the practice of transferring wealth to commercial banks and recommend shifting savings to whole life insurance prior to using it for other investments. Kyle and Wade stress the importance of educating future generations about these principles to ensure effective financial stewardship and endorse the idea of introducing family members to the concept of infinite banking to allow them to also attain financial freedom and control. Highlights 00:45 The importance of starting affordably and comfortably, and building a saving strategy 02:23 Diverse ways to maintain banking function in one's life and comparison with using life insurance policies for the purpose 04:24 How the system of building one's own banking function works 07:14 Understanding that individual banking strategies should and will differ 09:25 The importance of personalized strategy in infinite banking 14:10 The emotional and financial distress triggered by an unexpected revocation of a line of credit 16:11 Communicating the peace and tranquility that comes with financial control 20:59 The impact of Nelson's teachings on the future of individual financial growth 31:42 The importance of joining a wealth club to learn from others implementing the same financial strategies 35:43 The cost of acquiring a business and how efficiently utilizing a properly structured whole life insurance can mitigate those costs 41:44 The misconception of 401k as a profitable investment 45:04 How prioritizing the need for financing through life insurance cash values can lead to surplus life insurance during retirement. Episode Resources Connect with Kyle Fuller Connect with Wade Borth /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28264280

Beat The Banks Book Review - Part 2 with Wade Borth - Episode 6 10/02/2023

Beat The Banks Book Review - Part 1 with Wade Borth - Episode 5 09/25/2023

Beat The Banks Book Review - Part 1 with Wade Borth - Episode 5 Kyle Fuller and Wade Borth discuss the philosophy of "Becoming Your Own Banker" by Nelson Nash, emphasizing the importance of personal banking as a transformative and patient process which involves changing mindset and habits around money. They recommend using whole life insurance policies as a secure foundation for personal banking, but note that insurance is a tool and not the whole solution; the mindset shift is critical. They highlight the importance of repaying any loans taken from these policies and treating personal banking like a business, with a focus on continuous growth and learning. They underline that everyone, not just the wealthy, can and should harness this concept, starting with as little as 10% of income. The hosts stress upon the significance of liquidity or accessible cash in wealth building, and drive the point home that success comes from how individuals control their money. Highlights 03:36 The book's primary intention as a roadmap to becoming your own banker and not as a sales tool for insurance professionals is discussed. 04:08 The term 'becoming' signifying a transformation to becoming your own banker and the need for a roadmap in this journey is discussed. 09:02 A compare and contrast discussion about the mindset transition from being an employee to a business owner and then becoming your own banker. 14:27 The shift in paradigm to create an environment that captures more income as it flows through life forms the concluding discussion. 17:50 Identifying the Problem 20:57 Developing Personal Understanding 23:48 Infinite Applications: They discuss how the utilization of one's private banking system is infinite and it ultimately depends on the individual's imagination and vision for their life. 28:26 Reinforcing Business Profits 32:54 Changing Spending Habits 34:01 Annual Spending Patterns 35:13 The Mortgage Trap 41:43 Access to Large Pool of Money 44:11 Importance of Commitment Episode Resources Connect with Kyle Fuller Connect with Wade Borth /episode/index/show/8eb1c880-e272-4c80-8d84-ff85912b9cb3/id/28131929

Key Components of Wealth Building with David Zapata 09/18/2023

The Problem with David Zapata - Episode 3 09/11/2023

Why You Should be the Banker in Your Life with David Zapata - Episode 2 09/04/2023

Whole Life Is NOT an Investment with David Zapata - Episode 1 08/28/2023

Welcome to Beat The Banks! 08/17/2023

Beat The Banks

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