In this episode Mike and Chris talk in depth about Nelson’s feelings surrounding ‘retirement’. As we all know, Nelson had very strong opinions about several things in life, and this is no different. Take a listen to this longer-than-normal episode to learn what Mike and Chris take away from this chapter, and how it applies to each and every one of us.
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In this episode, Mike and Chris dive into the Cost of Acquisition. Nelson uses the anecdote from Lee Iacocca’s book ‘IACOCCA’ to explain how difficult, and costly, it can be to play the games of banks. This paints a perfect picture of why Infinite Banking provides ultimate autonomy to YOU the policy owner. Why you ask? Because with Infinite Banking, you are the only decision maker, there is no cost of acquisition.
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In this episode Mike & Chris tackle one of the biggest hurdles to many people truly understanding Infinite Banking; rates of return. In fact, Chris discusses his own struggles with this prior to his family diving into IBC. We believe that when this chapter begins to make sense, you are well on your way to changing your financial future through Infinite Banking.
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In this episode Mike and Chris discuss an extremely important chapter, not only to Nelson, but to them as well. This chapter is where the inspiration for Chris Bay’s book Family Banking with Purpose came from. Take a listen to hear how it has shaped their Infinite Banking journey and how they have used this chapter to continue educating the next generation Grab a copy of Chris’ book here!
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In this episode Mike and Chris dive into Nelson’s viewpoints on the monetary value of college. This isn’t a chapter that we spend a lot of time on, but it is a valuable chapter. Like most of Nelson’s book, this topic is intended to make you stretch your thinking and challenge the ‘status quo’. We think you’ll enjoy!
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As we near the end of our book walk through Nelson’s Becoming Your Own Banker, Mike and Chris review the Points to Consider. There are seven topics that, in one page, Nelson imparts his wisdom. Listen as Mike and Chris expand upon this wisdom with a bit of their own!
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Our two year adventure of walking through Nelson Nash’s Becoming Your Own Banker is at an end. In this episode, Mike, Chris and Mike C go over the journey and talk a little about the books that have inspired them along their IBC journey! Below is a list of the books we mentioned! (in no particular order)
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Here are the list of Books we mentioned (no paticular order):
- The Case for IBC – Neslon Nash, Carlos Lara, Robert Murphy
- Building Your Warehouse of Wealth – Neslon Nash
- Why the Rich are Getting Richer – Robert Kiyosaki
- Rich Dad Poor Dad – Robert Kiyosaki
- The Millionaire Next Door – Thomas Stanley
- Confessions of a CPA – Bryan Bloom
- What would the Rockefellers Do? – Garrett Gunderson
- Busting the Life Insurance Lies – Kim Butler
- Busting the Retirement Lies – Kim Butler
- Live Your Life Insurance – Kim Butler
- The Wealthy Family – Chase Chandler
- The Tuttle Twins – Connor Boyack
- Rich Tactic Poor Tactic – Rich Clouse
- The Fair Tax Book – Neal Boortz
- Economics in One Lesson – Henry Haslitt
- What has Government done with Our Money? – Murray Rothbard
- The & Asset – Caleb Gilliams
- Farming Without the Bank – Mary Jo Irmen
- Family Banking with Purpose – Chris Bay
- The Go-Giver – Bob Burg
In this episode Mike and Chris discuss the chapter in Nelson’s book titled, “What if I am uninsurable?” This is a super common question we get from clients and potential clients. This chapter discusses how you can still get an IBC plan going, even if you happen to be uninsurable. Listen as Mike and Chris talk through some personal uninsurable moments and how they were able to pivot and continue to grow their systems.
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