How a Cancer Diagnosis Transformed Our COO’s Relationship with IBC

Life has a way of throwing unexpected curveballs that make us question our priorities. That’s what happened to our Living Wealth COO, Holly Reed, when she got her cancer diagnosis in 2022. It completely changed her perspective on life and the infinite banking system. 

Dollars and Nonsense host Nate Scott says the same shift happened to him when our founder Ray Poteet passed away.  Suddenly, the future we once took for granted becomes uncertain, and we are forced to confront the reality of our mortality. Today we’re taking a look at Holly’s valuable lessons on how to navigate the journey towards true wealth and fulfillment in life and business.

Live a life you love today

Holly’s cancer diagnosis served as a stark reminder that tomorrow is never promised. It urged her to seize the present moment and make the most of every opportunity. Instead of deferring her happiness and fulfillment to some distant future, she learned to appreciate the beauty of today.

Nate also had the same realization, that wealth alone does not guarantee happiness, when his father-in-law Ray passed away. This event served as a catalyst for Nate to reassess his priorities and recognize that genuine fulfillment transcends monetary gains.

During the latest episode of Dollars and Nonsense, both Nate and Holly, urge you to understand the importance of living a life you don’t want to retire from and do what you love everyday. Don’t wait for a medical diagnosis, health scare, or other life altering event to change the way you live. Prioritize doing what you love.

Wake up every day and choose to do what you love

In the face of illness, Holly learned the importance of authenticity and staying true to herself. Cancer taught her that life is too short to spend it doing things that don’t bring joy. Each day became an opportunity to pursue her passions and live authentically.

She stopped saying yes to things that didn’t bring her fulfillment and focused on what genuinely brought her joy, which, in her case, is the client development side of Living Wealth.  By aligning her actions with her values and desires, she’s now creating a life that is meaningful and fulfilling. 

An important lesson to learn is that, there will never be time for you to suddenly do what you love, if you’re stuck in a job or a life that you don’t enjoy, things won’t get better unless you decide to ask yourself the hard questions and actively start making changes.

Finding your purpose and being in God’s will

In their conversation, Nate and Holly discussed the profound significance of faith and obedience in shaping their outlook on life and financial management. Nate draws parallels between faith and being a laborer rather than a manager, highlighting the importance of surrendering control and trusting in a higher power.

They also explored the concept of relinquishing attachment to outcomes and placing trust in divine guidance, whether in personal endeavors or financial matters. This shift in perspective can lead to a greater sense of peace and alignment with one’s true purpose.

Holly believes that we need to align our financial goals with biblical values such as stewardship, generosity, and integrity. By embracing a mindset of obedience and trust, we can cultivate a deeper sense of purpose and fulfillment in their lives.

Ask yourself questions like: Have I done everything that God’s asked of me? Have I poured into the people that God’s asked me to pour into? Have I mentored? Have I spoken the truth? 

Prioritize investing in meaningful relationships

Cancer put in perspective what truly mattered in Holly’s life, and at the top of that list were the relationships she cherished. In the face of illness, she realized the importance of nurturing and investing in meaningful connections with family and friends.

Holly started prioritizing the relationships that mattered most and invested time and energy in nurturing them. Whether it’s spending quality time with loved ones or offering support and encouragement, meaningful connections will enrich your life and sustain you through life’s challenges.

Since her diagnosis, a strong support network has been essential for Holly’s emotional and practical support. By surrounding herself with caring and supportive individuals, she created a safety net that help her navigate the complexities of cancer with strength and resilience.

Don’t strive for control, focus on managing stress.

Holly’s journey through cancer challenged her sense of control at every turn. In response, she learned to relinquish her grip on the illusion of control and focus on managing stress and avoiding burnout.

Cancer taught Holly the importance of acceptance and surrendering to the things she couldn’t control. By letting go of the need for certainty, she freed herself from unnecessary stress and found peace in the midst of uncertainty.

Taking care of herself became paramount during her illness. By prioritizing self-care and adopting healthy coping mechanisms, Holly protected her mental and emotional well-being and avoided burnout.

Nate and Holly both acknowledge the pitfalls of excessive control, because it often breeds stress and burnout. The relentless pursuit of control can paradoxically lead to feelings of insecurity and constraint, ultimately hindering personal and professional growth.

By surrendering the need to micromanage every aspect of life, you can experience unexpected freedom and a sense of ease. This shift in perspective allows for greater adaptability and resilience in the face of life’s uncertainties.

Integrating Infinite Banking into your financial strategy.

Holly’s cancer diagnosis prompted her to reassess her priorities in life and highlighted the importance of financial preparedness. The Infinite Banking system, which uses whole life insurance as a financial tool, offered a unique approach to wealth accumulation and protection.

Cancer brought unexpected financial burdens, from medical expenses to loss of income. But because Holly had been integrating the Infinite Banking strategy for years, she secured her financial stability and protected herself and her loved ones from the financial impact of illness.

One of the key benefits of Infinite Banking was the ability to access funds for medical expenses without depleting savings or retirement accounts. By leveraging the cash value of a life insurance policy, Holly could cover the costs of treatment and care while preserving her financial future.

If you want to learn more about IBC and its benefits, check out these Dollars and Nonsense episodes:

Or, consider taking our free Infinite Banking course which teaches you everything you need to know about IBC from A to Z.

Holly’s personal experience with the Infinite Banking Concept (IBC) serves as a compelling example of the benefits of embracing a balanced approach to control and freedom. During her health crisis, IBC provided her with a sense of financial security and autonomy, enabling her to focus on her well-being without the added burden of financial stress.

Through their discussion, Nate and Holly focus on the importance of finding balance between control and freedom. By embracing a mindset of intentional surrender and embracing the principles of trust and flexibility, you can cultivate a greater sense of agency and fulfillment in your life.