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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In this episode Mike Everett, Chris Bay and Michael Crawford take a look back at where the podcast started and where it’s at, how IBC has changed in Everett’s 17+ years and our commitment to our clients and the principles Nelson left us.
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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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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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In this episode, Mike and Chris go over another very popular Boot Camp question; Where are the risks? Often times, when people begin exploring Infinite Banking, it seems ‘too good to be true’ at times. Thus, the question of risk immediately pops into our head! Take a listen to what Mike and Chris have to say about this. You’ll even get to hear a personal story from Mike about the early days of his plan!
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In this episode, Mike and Chris tackle another very common boot camp question. This one deals with multiple aspects of Infinite Banking, namely think long term. Because in order to see the benefits of franchising, you have to think beyond the first policy. Listen and let us know how you have or plan to implement franchising in your IBC journey!
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In this episode, we tackle another boot camp question that comes up all the time, and has for years. Why isn’t Infinite Banking more popular, or why aren’t more people doing this? A few years ago, we addressed this question and now Mike and Chris are back to update our listeners. (Spoiler, the answers are similar to before!) Take a listen either way though, we think you’ll be able to wax intellectual with your coworkers around the water cooler after you do.
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As we embark on the next phase of the LSL podcast, we shift from Nelson’s Becoming Your Own Banker and begin diving deeper into questions that we get repeatedly at our live or virtual boot camps. The first one is how to get started! Becuase Infinite Banking is so vastly different than what we’ve been taught about how to manage our finances, it can feel like an impossible feat to get things going. Mike and Chris go into the steps we send our clients through. Take a listen and join us on the adventure!
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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):
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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