Jason and Kyle discuss two sections in Becoming Your Own Banker, The Cost of Acquisition and "But, I Can Get a Higher Rate of Return". Topics covered: What is the cost of acquisition of finance? Why is rate of return not the most important aspect of Infinite Banking? How is this process similar to trusts? It takes 10-12 years for the life insurance company to break even on your policy.
You buy insurance on your house, car, etc. but do you fully insure yourself? Many overlook insuring themselves completely and this week Jason and Kyle discuss why you need to consider fully insuring yourself. Points discussed: Benefits of fully insuring yourself Why you should insure yourself even if you have no family How fast should you fully insure yourself Building cash reserves while also having death protection Using and living by “absolutes” can be dangerous
Jason and Kyle discuss Nelson’s take on retirement and retirement planning. Topics discussed: Government sponsored retirement plans The problem with retirement Does anyone care about your money more than you? Overall financial awareness
Jason and Kyle break down Dave Ramsey’s recent video attacking the Infinite Banking Concept. Tune in to find out what Dave got wrong and right about the IBC.
Jason and Kyle give a practical overview of the last section (Capitalizing Your System and Implementation) in Becoming Your Own Banker. They discuss: Having desire to get started Recognizing that controlling the financing aspect of your life is the most important thing you can do Being patient The costs of delaying implementation For more information: Visit our website: www.cashvaluesolutions.com Follow Kyle on Twitter: @KyleMans Connect with Jason on LinkedIn: Jason Pohlmeier Submit questions to: kyle@cashvaluesolutions.com or jason@cashvaluesolutions.com Get Becoming Your Own Banker: https://infinitebanking.org/product/becoming-your-own-banker/ref/44/ Get Farming Without the Bank: https://bs352.isrefer.com/go/wtb/kmans/
This week Jason and Kyle dive deep into the anatomy of an IBC policy. In this episode you will learn: What is a MEC and what causes a MEC? The three main components of an IBC policy (Base, PUAs, Term) What are dividends? How is flexibility in the policy created? What does reduced paid up mean? Why you should only work with IBC certified practitioners to set up your polices.