Life Success & Legacy Triagle

What to look for in an Insurance Company

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In this episode, Mike Everett, Chris Bay and Michael Crawford dive into a question we get somewhat regularly. What do we look for in an insurance company, especially as it pertains to Infinite Banking. We take the approach of answering this question from two angles; one as agents and two as clients. We don’t go into details about which companies, but we do dive into how the companies we tend to work with function and what is important for you as clients to seek out. Enjoy!

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Insurance Riders: What are they?

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In this episode Mike and Chris discuss a question we get all the time; what are insurance riders. Many of our clients, and potential clients, have heard of the Flexible Paid Up Additions (FPUA) rider, as it is an integral part of the Infinite Banking Process. However, are there others to consider, and if so what are they and how do they work? Take a listen to find out more!

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External lines of credit. Are they good? Should I have them?

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In this episode, Mike, Chris and Mike Kwong dive into another great boot camp question; external lines of credit. We talk a lot about Nelson’s five main principles, which include: Don’t do business with Banks. What did Nelson mean, do external lines of credit fall outside the parameters of the Infinite Banking Concept? Take a listen and find out what the LSL team teaches and practices!

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Applying IBC – Taxes, Recurring Expenses & More!

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In this episode Mike, Chris and Michael discuss a real life application of the Infinite Banking Concept. We often get asked what practical ways you can apply IBC, other than debt reduction. We tackle ideas like: Using your system to hold and pay your taxes, or paying annually on a recurring expense, and more! Take a listen and comment what other ways you’ve applied or could apply IBC in your life!

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October Boot Camp Questions – A Deeper Dive

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In this episode Mike, Chris and Michael discuss a couple of the interesting questions we fielded during the October Boot Camp. First, do you need debt to make IBC work? And, if I have a large pool of assets already, is IBC even necessary. We combined these questions since the approach to both answers goes hand-in-hand. Take a listen to how the team breaks these down into the fundamentals of Infinite Banking and Nelson’s main principles. Enjoy!

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A Look at Strategy Design Monday

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In this episode Mike, Chris and Michael discuss a question we get all the time. How does the process work for us when we design strategies as a team on Mondays. Many times people are surprised at the level of detail we go to in order to ensure the strategy is designed as precisely as possible. That’s not to say we always hit the mark, but our teams goal is to create trusting long-term relationships, and that requires us to be detail oriented. We hope you enjoy taking a peek behind the LSL curtain into our process!

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What’s the deal with Wind Current?

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In this episode, Mike, Chris and Mike C go into detail about wind current. Many times at boot camps, or other events and coaching sessions, people point out how invested we are in turning the wind current. We discuss the reasons behind our passion for turning the wind current as well as discuss the tool we use to help accomplish the goal. Our software, Inspiring Hope and Freedom, is all about showing the client the power of their own money. Listen as we give real life experiences as well as a small verbal demonstration of the softwares capabilities. For those of you who aren’t going to watch the video on YouTube, I have added the images we used for that video just below this post.

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Life Success & Legacy Triagle

Policy Loan… is that the right name?

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In this episode Mike and Chris revisit policy loans. More specifically, they discuss the name and how it has caused confusion in the Infinite Banking world. Nelson’s chapter ‘Creating the Entity’ plays a big part of this podcast. Listen to see how the Life Success & Legacy team works to scrub the language and make sense of the nonsense.

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IBC for investments?

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In this episode, Mike & Chris dive into another frequent question, Investments. But not the way you’re thinkinig of investments. Nelson starts off Becoming Your Own Banker by stating, “This book isn’t about investments of any kind… [but] it’s about how one finances the things of life…” right? However, the last half of that sentence says, “which can certainly include investments.” Far too often we stop reading that sentence and just assume Nelson dissaproved of investments, quite the contrary! He is just proposed a better way. Mike and Chris dig into this all while answering the question, how to use IBC for investments.

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Dividends: Direct vs Non-Direct

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In this episode Mike and Chris walk through another popular Boot Camp question; dividends. There are many different schools of thought on the topic of direct vs non-direct when it pertains to the dividends of your Infinite Banking policy. Throughout this episode, Mike and Chris refer to several sources, including Nelson himself, to ‘demystify’ dividends and paint a clearer picture of how Life Success & Legacy coaches their clients.

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