Jason and Kyle talk about paying off debt when your cash flush. Does it make sense? Top points discussed: -If you have long-term debt locked in at low interest rates, it probably isn't in your best interest to pay it off early. -Paying off debt early gives control and liquidity of your money to the banks.
Jason and Kyle discuss a recent post on social media where the poster was having a hard time getting through all the noise regarding IBC. Top points discussed: -Where does the wealth come from? -Why does it seem like a bunch of contract BS? -What makes this whole idea work?
Jason and Kyle answer the very popular “Where can I fund money to get started?” question. Top points discussed: -Not everyone is able to start IBC right away. -Discipline is a must to be successful. -Don't "overpay" on debt.
Jason and Kyle discuss what convertible term is and why it’s a useful tool. Top points discussed: -Convertible term is just like term insurance, but it allows you to convert the policy to a permanent policy. -Convertible term is another tool to help us expand our system of insurance policies.
Jason and Kyle discuss what famous entrepreneurs have used whole life insurance to save or expand their businesses. Top discussion points: -Names like Walt Disney, JC Penny, Ray Kroc, Doris Christopher, and Jim Harbaugh have had whole life insurance play huge rolls in their success. -Having access to capital in their policies was crucial for their success. Link to blog: https://cashvaluesolutions.com/blog/what-famous-names-have-used-whole-life-insurance-cash-values-to-stay-in-business
Jason and Kyle explain why getting a high cash value life insurance policy alone, is not Infinite Banking. Top points discussed: -The policy is important, but comes second to the thought process of IBC. -There is nothing wrong with wanting a policy and not being interested in IBC. -It is impossible to pick which company will give you the best IRR over your life. -Policy design is often more important than company selection.