Podcast

E60: How IBC Helps Make Your Money Work Like a Business

We discuss how infinite banking is more like starting a business than just saving money and how you can operate your finances like a business.

E59: How to Avoid 50 Years of Money Mistakes with Infinite Banking

Ray Poteet joins us to share the money mistakes that he’s made over the past 50 years to help you avoid the same pitfalls. These are lessons from both in the investment world, as well as the errors he made while initially practicing Infinite Banking.

E58: Ray Poteet on How to Build and Leave Wealth

Ray Poteet joins us to share strategies and tactics for building and leaving a legacy of wealth. A must listen for any parents, grandparents, and expecting grandparents who are wanting to build and leave wealth.

E57: How to Become Prepared for Unexpected Financial Crises

In this episode, we discuss how to best position yourself to make it through the unexpected catastrophes of life, both big and small. Plus, we’ll share how infinite banking can be a great foundation to have in place when the unexpected hits.

E56: Avoid These End of The Year Tax Misconceptions

In this episode, we discuss two end of the year tax strategy misconceptions that you should avoid. We’ll also deep dive on how to think big picture when you’re making your tax plan.

E55: Are Your Money Decisions Being Compromised by Emotions

We discuss the danger of letting your emotions dominate your decisions. We also share how you can learn to start with your head, not with your heart.

E54: How to Avoid the Fees of Opportunity Cost

In this episode, we discuss the impact opportunity cost has on your money. Plus, we’ll share how you can avoid missing out on the wealth caused by idle or misused dollars.

There’s an underpinning principle of the Infinite Banking concept we teach. It underscores a lot of the financial decisions that you’re going to make. The principle is this: You finance everything that you buy in one way or another.

You see, most people believe they’re financing something only if there is a loan process–purchasing a car, for example. Here’s what those people don’t realize: even if they pay cash for a car, you’re still financing it.

People often think of financing being something only done through a bank instead. However, the reality is we finance our utility bills, we finance groceries, and we finance the gasoline that goes in our car. We finance all the things in our life whether we realize it or not.

Join us as we explain in more depth and how to best implement this understanding.

Avoiding Opportunity Cost Fees Topics Discussed:

• Understanding how everything you purchase is financed
• The only two ways we purchase goods and services
• Where opportunity cost comes into the purchasing equation
• Using 529 programs and college tuition as an example
• How leveraging IBC works to beat opportunity costs
• How dollars lose strength over time how it impacts you

Episode Takeaways:

You can finance a purchase and it will cost you interest. You can pay cash for a purchase and loose out on potential interest earnings. In either case, you are financing your purchase.

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Either you’re going to borrow somebody else’s money and pay them interest, or you’re going to use your own money, spend it, and lose all the interest that your money could have earned you if you kept it.

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Episode Resources:

• Infinite Banking and Private Family Financing free beginners course

E53: What is the Best Investment You Can Make

In this episode, we will discuss the best investment you can make and how infinite banking can help you become a better investor. Tune in to this episode of the podcast and find out now.

E52: The Big Danger of Universal Life Insurance

In this episode, we discuss the dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.

E51: Three Concealed Bank Myths Costing You Money

Find out about the three most common myths about banks costing you money. Changing the way you think about banking can put thousands of dollars in your pocket.