Podcasts by Category
The Infinite Banking Concept® (IBC) is privatized banking, using the cash value of a whole life insurance policy as the platform. Your hosts, John Montoya and John Perrings, are authorized IBC practitioners with the Nelson Nash Institute, dedicated to educating consumers about Infinite Banking. Listening to this podcast, you'll learn about life insurance, cash value, dividends, policy loans, policy design, and more. Most importantly, you'll learn how IBC puts you back in control of your money so you can keep it, grow it, and pass it on without taking any of the unnecessary risks that you otherwise get when you listen and follow the mainstream advice about personal finance. The Strategic Whole Life podcast is our way to carry on Nelson's mission by explaining The Infinite Banking Concept® in simple terms so that you can make it real in your life!
- 101 - 101: IBC 101 - Ten Things You Should Know to Get Started
After publishing our 100th episode last week, we thought we'd take it back to basics for episode 101 and provide an "IBC 101" episode. Ten things you should know when getting started with The Infinite Banking Concept®.
Join us as we discuss a list John Montoya created over a decade ago. It was no surprise to us that all 10 points are still applicable today. That's how principles work!
Whether you're brand new or an IBC veteran, trust us: there will be something here for you.
EPISODE HIGHLIGHTS:
(01:24) Unlocking the Power of Guaranteed Cash Value
(03:42) Maximizing Your Policy's Early Years: The IBC Strategy
(06:32) The Magic of Paid Up Additions Rider
(10:47) Dividends: The Icing on Your Financial Cake
(15:43) Uninterrupted Compounding: The Financial Unicorn
(19:58) Accessing Your Money: The Smart, Dumb, and Sad Ways
(23:51) Taking Control with Policy Loans
(30:02) Whole Life vs. 401ks and IRAs: Understanding Your Options
(33:30) Expanding Your Funding Capacity with Whole Life Policies
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 05 Apr 2024 - 36min - 100 - 100: Celebrating IBC Success with Real Clients
In the 100th episode of the Strategic Whole Life Podcast, hosts John Montoya and John Perrings bring together two of their best clients, Declan Wilson, owner of Bannside Construction, an SF Bay Area general contracting company, and Brant Scheifler, CEO of Automatic Outreach, a North Carolina SEO company, to share their experiences with The Infinite Banking Concept (IBC).
We talk about how they discovered IBC, its impact on their financial strategies, and how IBC's flexibility and security have facilitated personal and business financial growth.
We hear their real, personal accounts about how whole life insurance has "saved their bacon" (and their businesses) on multiple occasions by providing liquidity when they needed it most.
EPISODE HIGHLIGHTS:
00:00 Welcome to the 100th Episode Celebration!
00:42 Introducing Our Special Guests: Declan and Brant
01:12 Declan's Journey with Infinite Banking Concept (IBC)
07:05 Brant's Path to Discovering IBC
10:38 Addressing Misconceptions and the Power of IBC
19:45 Real-Life Benefits of Practicing IBC
35:04 Advice for Newcomers to IBC
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 29 Mar 2024 - 41min - 99 - 99: Maximizing Tax Benefits: A Primer to Whole Life, ROTH, and Bonds
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
When people think of tax-advantaged financial assets, they often think of ROTH accounts and municipal bonds. It's often acknowledged that life insurance has preferential tax treatment, but just as often dismissed because of what they think they know about permanent life insurance.
In today's episode, John Montoya will convey to you why you should not gloss over the tax advantages of whole life insurance!
EPISODE HIGHLIGHTS:
00:18 Exploring the Triple Tax Exempt Status of Whole Life Policies
02:07 Deep Dive into Roth IRAs: Pros, Cons, and Tax Benefits
04:32 Municipal Bonds: Investing Locally with Tax Exemptions
06:42 The Power of Whole Life Insurance: A Comprehensive Guide
11:24 Navigating the Negatives: Whole Life Insurance Limitations
15:28 Strategic Financial Planning with Whole Life Insurance
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 23 Mar 2024 - 18min - 98 - 98: Great Ideas from the 2024 IBC Think Tank
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, I was a guest on the Wealth Warehouse podcast with Dave Befort and Paul Fugere and also joined by Brandon Goswick and Nate Dean, hosts of Cash Flow Legendz.
These are a few of my inner-circle Authorized IBC Practitioner colleagues who were all in attendance at this year's Infinite Banking Think Tank, hosted by the Nelson Nash Institute in Las Vegas.
In this episode, you'll hear some great insights, highlights, and takeaways from the event by some of my favorite IBC Practitioners.
Wealth Warehouse -- [CAPTIVATE]
Cash Flow Legendz -- [PODBEAN]
Episode Highlights:
(03:00) Nate Dean: The IBC Community's giving nature and importance of the death benefit
(05:00) John Perrings: The challenge and reaffirmation of the IBC brand
(07:00) Plan vs. a lifestyle
(09:00) Brandon Goswick: reflections on the inevitability of death and the practitioner's role in clients' lives
(11:00) The emotional and financial relief that whole life insurance provides to grieving families
(13:00) The importance of genuine connection with clients and the unique assurance whole life insurance offers.
(15:00) Emphasizing the mutual aspect of whole life insurance and the collective benefit it brings.
(19:00) Dave Befort: "I need to increase my premium!"
(21:00) Investment risk vs whole life security
(23:00) The value of adding a 'pause' before accessing policy loans
(27:00) The importance of building a strong financial foundation before pursuing other investments
(29:00 Dave Befort: "Again, I need to pay more premium!"
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 15 Mar 2024 - 30min - 97 - 97: The Best Mindset to Start a Whole Life Insurance Policy
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, we get into the essential attitudes that set buyers up to get the most out of their whole life insurance policy.
Not surprisingly, they match up to those needed to practice The Infinite Banking Concept™!
Curiosity and Courage are key drivers to cutting through all the noise in the financial world so that you can have the ultimate control over your financial life and become your own banker.
Episode Highlights:
[01:00] Curiosity and courage as essential mindsets for starting whole life insurance.
[02:00] Overcoming misconceptions about life insurance.
[04:00] Whole life insurance as a distinct asset class and its benefits.
[06:00] Exploring additional benefits of whole life insurance for retirement income.
[08:00] The importance of locking in your insurability and cost basis.
[10:00] The long-term approach and strategic value of whole life insurance.
[12:00] Using whole life insurance for smart leverage and wealth creation.
[14:00] Countering typical financial advice and the value of whole life insurance.
[16:00] The importance of being your own advocate and taking informed action.
[18:00] Clarifying cost basis and the uniqueness of whole life insurance.
[20:00] Real-life impact and the significance of understanding your policy.
[22:00] Misconceptions about policy design and the inherent value of whole life.
[24:00] The role of curiosity and courage in discovering and utilizing whole life insurance.
[26:00] Emphasizing the guaranteed aspect of whole life insurance and its contrast with other financial strategies.
[28:00] No luck required: Whole life insurance as a surefire asset.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 09 Mar 2024 - 29min - 96 - 96: IBC Policy Loans vs. Margin Loans
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this week's episode, we compare policy loans from a whole life insurance policy vs. margin loans. When discussing policy loans used with the Infinite Banking Concept™, sometimes people will be dismissive of the strength of policy loans because they have the ability to borrow on margin aginst the value of their stocks.
But policy loans vs margin loans are an apples-to-oranges comparison.
We compare the following:
- Reliance on third-party creditLoan-to-value (LTV) ratiosThe typical underlying assumptions used when choosing margin loans
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EPISODE HIGHLIGHTS:
[01:00] Third-Party Risk Discussion
[08:00] Risks of Margin Loans
[09:00] Loan to Value Ratios Explained
[12:00] Control and Safety with Policy Loans
[16:00] Assumptions in Credit Analysis
[21:00] Foundation of Financial Strategies
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 23 Feb 2024 - 23min - 95 - 95: Cash Flow vs. "B.S." Retirement with Walter Young
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, we talk with Walter Young, co-author of The Fifth Option, about a transformative approach to retirement income planning.
Walter challenges typical retirement planning and the "4% Rule" and offers solutions to live a plentiful retirement based on predictable income.
When you only have one shot at this, cash flow beats "balance sheet" (aka "B.S.") retirement planning every time.
The best part is that if you're practicing IBC, you're already on the right path.
Visit Walter at www.TheFifthOption.com
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EPISODE HIGHLIGHTS:
[02:44] The "B.S." retirement plan and the shift from "balance sheets" to cash flow
[09:48] The desert island dilemma - How long does your water need to last?
[06:45] The Fifth Option - alleviate retirement constraints
[16:14] Pensions and private pensions
[21:14] The role of life insurance
[30:54] Beat the Bear strategy: navigating market volatility in retirement
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 16 Feb 2024 - 36min - 94 - 94: Introducing IBC to Your Partner
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
Today's episode is for those spouses looking for ways to get their significant other on board with The Infinite Banking Concept. Let's work together to get some financial harmony in our lives!
As Montoya puts it, IBC is a "common sense test," not an "IQ test." Whole life insurance is just another asset class that happens to be really good at building financial foundations.
So all you and your significant other need are open minds to understand how IBC will put safety, liquidity, and control at your fingertips.
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EPISODE HIGHLIGHTS:
[03:00] Key requisites for spousal agreement on IBC
[06:00] The paramount importance of protection in financial planning
[08:00] Reclassifying what most of us consider "traditional"
[12:00] Real estate and stock market investments vs. IBC safety
[15:00] The principle of financing everything you buy
[18:00] The illusion of FDIC insurance and the reality of bank solvency
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 09 Feb 2024 - 27min - 93 - 93: Hidden Agenda: When Life Insurance Agents Wear Two Hats
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In today's episode, we get into a trend we've observed in the realm of whole life insurance. That is combining whole life with a specific strategy or investment during the buying process.
We explore how the allure of clubs, strategies, and investment groups can sometimes sidetrack individuals from the fundamental principles of IBC, pushing them towards investment-centric strategies that might not align with their initial goals. Our discussion highlights the critical importance of focusing on the core message of becoming your own banker.
Understanding the tradeoffs and risks of prioritizing early cash value, over-leveraging through loans, and over-committing on premium amounts is an absolute must.
Join us as we reinforce the essence of IBC and the significance of building a solid financial foundation for the long term.
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EPISODE HIGHLIGHTS:
[05:00] Discussion on the core message of becoming your own banker.
[12:00] Examination of early cash value and loan maximization.
[16:00] The potential risks of overextending premium amounts.
[21:00] Maintaining the insurable need and protecting family interests is important.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 02 Feb 2024 - 24min - 92 - 92: Solving for the Banking Function: A True Financial Revelation
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In episode 92, we will talk about "the banking function," a true revelation by Nelson Nash, and before the release of "Becoming Your Own Banker," unfathomable to the average working man.
Glossing over this core IBC principle can result in missed opportunities to capture the spread as "the bank" between your cost of money and the market interest rate.
So tune in to learn more!
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EPISODE HIGHLIGHTS:
[00:02:00]: Discussion on the problem of traditional banking systems
[00:03:00]: Exploring the need for personal financing solutions
[00:05:00]: How conventional financial advice leads to control issues
[00:06:00]: Addressing the constantly moving goalpost of typical retirement planning
[00:07:00]: "You finance everything you buy"
[00:09:00]: The limitations of cash spending in building wealth
[00:11:00]: Necessity of being strategic with capital
[00:13:00]: How much cash value is needed for personal banking
[00:15:00]: Identifying the financial problem as a foundational step
[00:17:00]: The importance of starting the infinite banking process
[00:19:00]: Shifting focus from investments to becoming your own banker
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 27 Jan 2024 - 18min - 91 - 91: Five Myths Your Financial Advisor Believes
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In Episode 91, we debunk some of the most common misconceptions perpetuated in the world of financial planning.
Join us as we get into some myths about:
401k and IRA deductionsThe sole purpose of life insuranceMisunderstood commission structuresThe 4% withdrawal ruleAnd the traditional 60/40 stock-bond allocation.EPISODE HIGHLIGHTS:
[00:01:00] - Introduction and discussion on the first myth regarding 401k and IRA contributions and the misconception about tax deductions.
[00:03:00] - Insights on who benefits from investments in qualified plans and the concept of the "lobster trap" in financial planning.
[00:05:00] - Examination of the use of whole life insurance policies for liquidity and control, as opposed to the limitations of 401k plans.
[00:07:00] - Analysis of the perspective on term insurance, its limitations, and the advantages of whole life insurance.
[00:09:00] - Discussion on life insurance policy commissions and their comparison with assets under management fees.
[00:11:00] - Exploration of the 4% withdrawal rule as a retirement strategy and its practical challenges.
[00:13:00] - Explanation of how whole life insurance can enhance the 4% rule for more secure retirement income.
[00:15:00] - Debunking the myth of the 60/40 stock-bond allocation, including challenges faced in the bond market.
[00:17:00] - Argument for using whole life insurance as a risk transfer tool, superior to traditional bond investments.
[00:19:00] - Critique of conventional wisdom around life insurance commissions.
[00:21:00] - Discussion of the real purpose of term insurance and the historical perspective of life insurance sales strategies.
[00:23:00] - Final thoughts on understanding financial planning myths and the value of whole life insurance in a diversified financial strategy.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
Video mentioned in the episode: WILL A RECESSION WIPE OUT ETF LIQUIDITY?
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 19 Jan 2024 - 32min - 90 - 90: Why Whole Life Insurance is the Ultimate Cash Asset
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In Episode 90, we talk about why whole life insurance is the ultimate cash asset. This episode sheds light on the best places for your money, explores the Economic Value Added nature of whole life insurance, and challenges common misconceptions about its role in financial planning.
Tune in to transform your understanding of whole life insurance from a mere death benefit to the ultimate cash asset that makes everything you're already doing work even better.
EPISODE HIGHLIGHTS:
00:55 Origins of the concept of "Cash"
02:50 Understanding Insurance as a cash asset
03:52 A Growth mindset should take cash into account
04:16 Hidden Benefits of Whole Life Insurance
05:55 The Importance of an Emergency Fund
06:29 Cash and Market Volatility
08:16 The Best Places to Keep Cash
08:48 The Power of Whole Life Insurance for Emergencies
16:04 Infinite Banking 101: You Finance Everything You Buy
18:02 Cash as a Symbol of Freedom
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 13 Jan 2024 - 19min - 89 - 89: The Secret to Why IBC Works
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In episode 89, we explore the secret behind why using whole life insurance for IBC really works.
Using the Law of Large Numbers and the principles of actuarial science, mutual insurance companies, with their thousands of policy-owning stakeholders, hold the key to the benefits of whole life and IBC.
As a policy owner, you're a part-owner of the mutual company. Being an owner of a company is not just about you and what your policy can do for you. It's about you and all the other policy owners working together in a corporate body. It's precisely this that gives whole life insurance its superpowers.
EPISODE HIGHLIGHTS:
01:02 The Role of Mutual Insurance Companies in IBC
02:16 The Unique Benefits of Whole Life Insurance
03:00 The Pitfalls of Self-Centered Approach in IBC
03:44 The Power of Mutual Benefit in IBC
05:16 The Importance of Respecting the Mutual Company and Your Policy
06:58 IBC is a Process, Not a Hack to Bleed Dry
07:38 The Regrets of Not Starting IBC Earlier
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sun, 07 Jan 2024 - 09min - 88 - 88: IBC Insights: The Risks of Overextending Policy Loans
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In episode 88 of the Strategic Whole Life podcast, we talk about the (mostly bad) advice some people get to max out the loan provision immediately after buying a whole life insurance policy. This not only creates several risks, but the benefits of IBC go way beyond maxing out loans.
IBC is not a gimmick or a trick. Policy loans are still loans. With IBC, we can protect ourselves from the often arbitrary decisions of bankers and politicians. But to do so, we must, in turn, protect this incredible asset, whole life insurance.
00:07 What we are doing with The Infinite Banking Concept (IBC)
01:20 Personal Experiences with Traditional Banking
03:10 The Importance of Long-Term Thinking in IBC
04:12 The Value of Liquidity and the Role of IBC
05:33 The Journey to Financial Sovereignty
08:24 Understanding the Risks of Max Loans
10:35 The Value of Whole Life Insurance
13:07 A Silver Lining
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 29 Dec 2023 - 19min - 87 - 87: Don't Separate Base Premium and PUA When Buying Whole Life Insurance
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
Don't Separate Base Premium and PUA When Buying Whole Life Insurance
In episode 87, we talk about the risks of looking at base whole life premium and paid up additional life insurance (PUA) as separate considerations during the buying process.
Treating base premium as the baseline commitment and PUA as a 'stretch target' can lead to unfulfilled expectations and potential policy underperformance or worse... We highlight the importance of setting a sustainable and comfortable premium level, advising against making PUA a stretch goal. This concern is especially relevant during the early years of a policy, and when the policy is designed for high PUA to base premium ratios.
What should you consider instead? Tune in to find out!
00:07 Understanding Base Premium and Paid Up Additions
00:54 The Dangers of Overcommitting to Premiums
02:09 Components of a Whole Life Insurance Policy
03:30 The Risks of Making PUA a Stretch Target
04:22 The Impact of Not Paying PUA
07:19 Agents and Commissions
08:40 Designing a Sustainable Premium
09:35 Determining the Correct Premium
11:20 Conclusion and Next Steps
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 22 Dec 2023 - 12min - 86 - 86: Whole Life Insurance is Not an "Account". It's Better Than That.
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In Episode 86, we discuss how practicing The Infinite Banking Concept™ can sometimes lead to a tendency to perceive whole life insurance as an "account," similar to a bank or brokerage account. This is not the case, and we'll talk about why!
In this episode:
We'll talk about the reality behind withdrawing cash value and the implications of policy lapse.Learn about the actuarial foundations that empower whole life insurance with its unique benefits.Discover how whole life insurance offers respectable growth, liquidity, leverage, and guarantees, distinguishing it from other "account"-based financial products.---
EPISODE HIGHLIGHTS
01:02 Understanding Whole Life Insurance as Not an "Account"
02:35 Examples of "Account" Misconceptions
07:05 The Superpowers of Whole Life Insurance Come From it NOT Being an "Account"
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 16 Dec 2023 - 09min - 85 - 85: Beyond the Percentage: Understanding Whole Life Insurance Dividends
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition) by Infinite Banking Authorized Practitioners.
In this episode, we delve into the concept of whole life insurance dividends. We clear the usual misconception people have about dividends, explaining that insurance dividends are different from stock dividends.
Here, we clarify that a whole life insurance dividend is essentially a yield coming from the surplus profit of a mutual based company. However, its calculation is more complex as it doesn't automatically imply specific yield to a policy. We emphasize the significance of the guaranteed values in whole life policies and how dividends add to this value. This discussion also touches upon the philosophy of why one should start with whole life policies and how dividends, which are part of the bigger financial picture, become a bonus.
The key takeaway is understanding that insurance dividends come from a well-run, highly-regulated company, and longer you've been with them, the higher your dividend.
EPISODE HIGHLIGHTS
00:00 Introduction to Whole Life Insurance Dividends
00:07 Understanding the Nature of Dividends
00:41 How Dividends are Calculated and Distributed
01:06 The Role of Surplus Profit in Dividends
02:33 The Difference Between Whole Life Dividends and Stock Dividends
06:11 The Impact of Dividends on Policy Maturity
07:34 Misconceptions About Dividend Rates
11:23 The Importance of Guaranteed Values Over Dividends
13:42 Comparing Whole Life Dividends to Stock Dividends
16:16 The Long-Term Benefits of Whole Life Dividends
19:44 Conclusion: The Value of Whole Life Dividends
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 08 Dec 2023 - 22min - 84 - 84: Beyond Rate of Return: A Strategic Approach to Wealth Building
Welcome to STRATEGIC WHOLE LIFE (formerly The Fifth Edition).
Episode 84 of the Strategic Whole Life podcast, "Beyond the Rate of Return: A Strategic Approach to Wealth Building." John Perrings challenges the conventional obsession with returns in financial planning.
Drawing from his construction and finance experience in the data center industry, John uncovers why savvy institutional investors prioritize control and risk management over mere rate of return.
Go through the financial lifecycle of an average investor, revealing how focusing on expense management and efficient use of resources can lead to more sustainable wealth growth than chasing volatile returns.
EPISODE HIGHLIGHTS:
00:00 Introduction and Podcast Rebranding
00:18 Episode Overview: The Rate of Return Race
01:04 Financial Insights from the Data Center Business
02:10 Understanding Institutional Investors' Priorities
03:52 The Financial Journey of a Typical 35-Year-Old
05:56 The Impact of Taxes and Debt on Personal Finance
08:08 The Illusion of High Rate of Return
08:59 The Importance of Controlling Money Outflow
11:09 The Money Race: Tortoise (Banking) vs. Hare (Investing)
11:39 The Power of Capitalizing Before Investing
14:28 The Infinite Banking Concept: A Platform for Recycling Money
14:42 Conclusion: Moving Away from Rate of Return Focus
15:15 Look Below for Our Online Course
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 01 Dec 2023 - 15min - 83 - 83: Becoming an IBC Practitioner with Doug Mackenzie
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.
In Episode 83, host John Montoya interviews Doug McKenzie, a new Infinite Banking Concept (IBC) practitioner, to explore his transition from a traditional financial mindset to embracing IBC. Doug shares his initial skepticism about whole life insurance and how his quest for more efficient financial strategies led him to IBC. The episode delves into Doug's personal experiences with IBC, emphasizing the peace of mind and control it brought into his life, especially in managing unforeseen expenses and life transitions.
The discussion pivots to Doug's decision to become an IBC practitioner, highlighting the rigorous training and mentorship process he underwent through the Nelson Nash Institute. He stresses the importance of proper education and guidance in the field and how these have been crucial in building his confidence and expertise. Doug and John discuss common misconceptions they encounter, such as viewing policy premiums as an expense rather than a form of saving and the challenge of shifting perspectives from traditional investment vehicles to the holistic benefits of IBC.
As the episode concludes, Doug offers insights for those considering IBC, emphasizing the need to appreciate its unique risk profile and asset class. His personal journey from a listener to a practitioner serves as an inspiring example for anyone looking to transform their financial approach and help others do the same.
EPISODE HIGHLIGHTS:
00:38 Guest Introduction: Doug McKenzie
01:12 Doug's Journey to IBC
04:13 Overcoming Misconceptions about IBC
05:55 The Impact of IBC on Doug's Life
09:20 The Decision to Become an IBC Practitioner
12:01 The Process of Becoming an IBC Practitioner
21:07 Challenges and Tips for New IBC Practitioners
25:31 Conclusion and Contact Information
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 25 Nov 2023 - 27min - 82 - 82: Clarifying the Math in Finance with Todd Langford, Creator of Truth Concepts
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.
In Episode 82, we welcome Todd Langford, creator of the Truth Concepts software, for an enlightening conversation on the complexities of financial math and the misconceptions surrounding whole life insurance. Todd shares his journey from biology to finance, highlighting the significant role of advisors in demystifying financial strategies. In our talk, we tackle common misunderstandings in financial calculations, especially with interest rates. Todd debunks myths about the returns of whole life insurance, illustrating its crucial role in a well-rounded financial portfolio.
This episode delves deep into the concept of 'certainty assets' like whole life insurance, emphasizing their importance in ensuring financial stability, especially in uncertain economic times. We also explore the intricacies of policy design in life insurance and the impact of strategic decisions on long-term financial planning. Todd’s insights on real estate investing, legacy planning, and the importance of long-term planning provide listeners with a comprehensive understanding of how to plan for the future effectively. Join us for this informative session that promises to reshape your perspective on finance and investment.
EPISODE HIGHLIGHTS:
[00:00:47] Introducing Todd Langford - A mentor in the financial industry and founder of Truth Concepts software.
[00:02:00] Todd’s Unique Journey - From biology to finance and his transition into the financial industry.
[00:03:01] The Quality of Advisors - Todd discusses the unique group of advisors within the financial services business.
[00:05:11] The Role of Advisors - Importance of financial advising beyond mere mathematics.
[00:06:11] Misinformation in Financial Math - Addressing common misconceptions and errors in financial calculations.
[00:07:24] Mortgage Interest Misunderstandings - Debunking typical mortgage payments and interest rates myths.
[00:09:00] Understanding Policy Loans and Interest Rates - Todd explains the importance of perspective when borrowing and repaying loans.
[00:12:19] Whole Life Insurance Returns - Discussing the misconceptions about the returns on whole life insurance compared to other investments.
[00:14:34] Whole Life Insurance as an Asset Class - Explaining why whole life insurance should not be viewed solely as an investment.
[00:17:20] Certainty Assets and Life Insurance - The necessity of having certainty assets like whole life insurance for financial stability.
[00:20:17] The Role of Cash Reserves in Business - How companies like Apple use cash reserves effectively.
[00:23:42] Policy Design and Trade-offs - Understanding the trade-offs in policy design for whole life insurance.
[00:29:55] Insurance Company Risks and Policy Design - Discussing how insurance companies manage risks with policy designs.
[00:34:53] Real Estate Investing and Opportunity Costs - Addressing the focus on opportunity cost in real estate investments.
[00:37:22] Legacy Planning and Business Transitions - The importance of considering future business and legacy planning transitions.
[00:39:59] Long-Term Financial Planning - Emphasizing the importance of long-term planning over short-term gains.
[00:41:46] Life Insurance Paired with Other Assets - How life insurance can enhance other investment assets.
[00:43:36] Contact Information for Todd Langford - Details on connecting with Todd and learning more about Truth Concepts.
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 17 Nov 2023 - 46min - 81 - 81: IBC First Principles: Mastering the Basics of Privatized Banking, Part 3
ANNOUNCEMENT: The Fifth Edition will soon be renamed STRATEGIC WHOLE LIFE. Read more about the coming name change below.
Welcome to the final installment of our transformative series, "IBC First Principles: Mastering the Basics of Privatized Banking, Part 3."
In Episode 81, we bring our three-part series to a close by examining principles 8 through 10. We discuss:
- The unparalleled value of storing cash in a whole life insurance policyThe empowerment of financial self-sovereignty andThe critical importance of long-range thinking in today's instant-gratification culture.
Discover how leveraging the strength of top mutual life insurance companies can maximize your dollars, how having accessible capital can bring opportunities to your doorstep, and why the long-range view offers a safer, more stable financial future. Tune in and learn why you should embrace these timeless principles that can solidify your financial independence.
KEY MOMENTS:
01:05 Principle 8: Park Wealth for Maximum Economic Value - Your money should reside somewhere it can do multiple jobs for you simultaneously.
12:19 Principle 9: The Golden Rule - "He who has the gold makes the rules." Do you really have control over your assets?
22:59 Principle 10: Think Long Range - In today's culture of "hacks" and "FOMO," this might be the most crucial principle on this list.
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 10 Nov 2023 - 36min - 80 - 80: IBC First Principles: Mastering the Basics of Privatized Banking, Part 2
ANNOUNCEMENT: The Fifth Edition will soon be renamedSTRATEGIC WHOLE LIFE. Read more about the coming name change below.
Episode 80: Dive into Part 2 of the enlightening "IBC First Principles: Mastering the Basics of Privatized Banking." This segment unpacks principles 4 through 7, shedding light on the journey of your money and the importance of where it resides.
We'll explore why whole life insurance is not just a financial tool but a private innovation crafted to empower individuals and how it aligns with the principle that your financial solutions should improve annually, just as you do. Plus, we debunk the myth of wasted dollars in whole life insurance, illustrating how every cent contributes to building lasting value.
Join us for another empowering session that will deepen your understanding and commitment to the Infinite Banking Concept.
KEY MOMENTS:
00:02 Introduction and Welcome
00:20 IBC First Principles, Part 2: Money Must Reside
Somewhere
01:21 The Importance of Liquidity and Control
02:22 The Efficiency of Whole Life Policies
05:10 The Power of Pooling Capital
06:39 Whole Life as a Private Invention
07:08 The Importance of Personal Responsibility
09:43 The Pitfalls of Relying on Government
13:01 Getting Better Every Year
18:57 No Dollar is Wasted
25:43 Whole Life as an Asset
28:14 Conclusion and Next Steps
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 04 Nov 2023 - 29min - 79 - 079: IBC First Principles: Mastering the Basics of Privatized Banking, Part 1
In Part 1 of our 3-part series "IBC First Principles," we analyze some core concepts that make up The Infinite Banking Concept (IBC). In this episode, we discuss the first three of ten "first principles":
- Learn how understanding traditional financial systems empowers you to take control of your money ("If you know what's going on, you'll know what to do").Discover the principle of "one pool of money" and the transformative power of cash flow over cash amount.Finally, grasp why "banking is the most important business in the world" and how becoming your own banker can change your financial life. Tune in and lay a strong foundation for your financial journey.
KEY MOMENTS:
00:01:00 - Understanding the Importance of Infinite Banking
00:03:07 - The Flaws of Traditional Banking Systems
00:05:41 - Valuing Financial Freedom
00:06:29 - Becoming an Insider
00:09:10 - The Problem with Fractional Reserve Banking
00:16:21 - The Illusion of Control in Real Estate
00:17:25 - The Importance of Weathering Financial Storms
00:18:34 - Opportunity Cost and Liquidity
00:20:27 - Banking as a Higher Order Operation
00:25:35 - Banking as the Most Important Business
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 27 Oct 2023 - 32min - 78 - 78: Generic Infinite Banking Advice: The Pitfalls of "Hacking" the Process
In Episode 78, we look hard at the "side hustle" and "hack" culture that has attempted to latch on to and sensationalize The Infinite Banking Concept™. It has resulted in an epidemic of generic life insurance advice. It's a race to the bottom to see who can show the "best" cash value. But what does that even mean?
Agents pushing whole life insurance policies with a hyper-focus on early cash value reinforce a short-term, high-risk financial mindset that can have significant long-term drawbacks.
Meanwhile, understanding the tradeoffs of different policy design components allows clients to solve for their needs on a much broader basis.
Tune in as we explore how a whole life policy, designed with strategic capitalization in mind, is the foundation for future investments, potentially putting you millions of dollars ahead.
EPISODE OUTLINE:
00:00:32 - Hyper Focus on Early Cash Value
00:05:08 - Missing the Bigger Picture
00:07:30 - Understanding IBC
00:09:01 - Importance of Information and Decision-Making
00:14:58 - Introduction
00:15:14 - Locking Money for Decades
00:16:42 - Don't Fear Paying a Premium
00:19:00 - Premium as a Value
00:21:02 - Beware of Sensationalism
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 20 Oct 2023 - 28min - 77 - 77: Disability Safeguards and IBC: Waiver of Premium vs. True Disability Insurance
Main Episode Description
In this essential Episode 77, we navigate the complex world of disability protections, examining the "Disability Waiver of Premium" rider in whole life insurance policies and how it contrasts with an actual disability insurance policy.
But that's not all: we also delve into how disability insurance can complement The Infinite Banking Concept (IBC). Discover how the waiver is like putting insurance on your insurance, meant to keep your "bank" operating, while disability insurance focuses on income replacement. This episode equips you with the knowledge to make informed decisions that align with your IBC journey and fortify your financial plans against life's curveballs.
Combining true disability insurance with a whole life waiver of premium ensures that your financial life can continue to move forward as planned, no matter what happens.
Episode Outline:
00:00:00 - Introduction
00:00:41 - Why is Disability Insurance Important?
00:02:49 - Disability Waiver of Premium vs. Disability Income Insurance
00:05:27 - Basics of the Disability Waiver of Premium Rider
00:09:07 - Duration of Waived Premiums
00:15:52 - Disability Insurance Policies,
00:16:24 - Short Term vs Long Term Disability,
00:17:00 - Buying Individual Policies,
00:18:00 - Calculating Benefits and Elimination Periods,
00:20:45 - Additional Riders
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 13 Oct 2023 - 32min - 76 - 76: Conquering FOMO: The Cost of Sidestepping The Infinite Banking Concept
Main Episode Description
In Episode 76, we hit on one of the most relatable yet destructive emotions in personal finance: the Fear of Missing Out, or "FOMO."
As you implement The Infinite Banking Concept (IBC), FOMO is one of the first problems that can pop up and derail the process. It's so easy to get lured into the glitz and glamour of immediate investment returns. Almost everything else you see in the news and social media is designed to give you FOMO!
A mindset focused on short-term gains can jeopardize the strategic foundation of capitalizing through a whole life insurance policy. Tune in as we discuss how to maintain focus, why sticking with the IBC principles is key for long-term success, and the costly price of giving in to FOMO. Don't miss out on this critical conversation—your financial future depends on it!
Episode Outline:
(07:18) Uninterrupted Compound Curve: Maximizing Whole Life Policies for Strategic Capital Accumulation
(13:36) The Truth About Capitalization Period: Why Life Insurance is Worth the Wait
(21:43) Unlocking Millions: The Long-Term Power of IBC vs. Short-Sighted Investments
(26:52) Whole Life Insurance: The Surprising Benefits People Overlook
(29:14) Saving Smarts: Why It's Not All About Rates of Return
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 06 Oct 2023 - 36min - 75 - 75: Turnkey Profits with Infinite Banking
Main Episode Description
This episode discusses The Infinite Banking Concept and its growing relevance in today's volatile financial landscape. While many have become jaded, grappling with market fluctuations, pervasive risk, lost opportunities, and soaring debts, Infinite Banking continues to prove itself as an oasis of stability.
Imagine starting a business, guaranteed to make a profit, while seasoned experts manage all the heavy lifting. That's not a fairy tale—it's the essence of whole life insurance and the mutual insurance company.
We find ourselves in an age where internet gurus zealously endorse the '10x' growth model and promote complicated, debt-laden strategies and side hustles. We are spotlighting a revolutionary 'side hustle.' One that doesn't just promise but guarantees profitability, all while the insurance company manages the complexities.
Moreover, we provide a clear-eyed comparison of whole life insurance to other financial assets for those wanting to understand where whole life fits in.
Join us as we continue to demystify IBC and show you how this special asset class keeps getting better and better.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Sat, 30 Sep 2023 - 28min - 74 - 74: Navigating Policy Loan Interest: The Honest Infinite Banker's Guide
Main Episode Description
In this insightful episode, John Montoya discusses one of the more nuanced elements of Whole Life Insurance: policy loan interest.
Often overlooked, understanding this component is crucial for those practicing the Infinite Banking Concept ™.
We start with a simple truth: There is no such thing as a free lunch!
John unravels how policy loan interest is calculated and sheds light on the importance of being an 'honest banker'. Questions arise: Should you always lean on policy loans? If so, how should they be paid back? And what about paying "extra" interest?
This episode is not just about understanding the charges but also about mastering the art of cash flow and ensuring all parties—policyholders and insurers alike—remain profitable. Whether you're a seasoned Infinite Banker or new to the world of Whole Life Insurance, this is an essential guide to ensuring your policy works optimally for you.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 22 Sep 2023 - 19min - 73 - 73: Financial Evolution with Trent Fortner: From Capital Needs to Infinite Banking
Main Episode Description
Dive into a profound conversation with a titan of the life insurance world, Trent Fortner, whose 35-year career has spanned from being a multi-million dollar producer to shaping the next generation of life insurance agents as a distinguished business coach.
In this episode:
Software Revolution: Explore the seismic shift brought by financial software systems, transforming how clients perceive the value of whole life insurance amidst their comprehensive financial landscape.Historic Gaze: A look back at the era when agents heavily relied on "capital needs analysis," resulting in a flurry of term insurance sales. Trent discusses the overlooked nuances of Human Economic Value and positions whole life insurance as a unique asset class.Infinite Banking Insights: Trent reminisces about his engagements with the legendary Nelson Nash. From seminars to personal interactions, he paints a picture of Nelson's candid nature and deep-rooted commitment to helping people regain control over their financial lives.Information Overload: With consumers drowning in an avalanche of often contradictory information, largely propelled by the financial industry itself, Trent helps cut through some of the noise, offering clarity and perspective.Blueprint for Success: For the financial professionals out there, Trent shares invaluable advice and actionable steps to craft a thriving and sustainable practice in today's competitive environment.Join us for this enlightening episode as we navigate the evolving landscape of life insurance and financial planning, armed with Trent Fortner's decades of wisdom and experience.
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Links:
Get in Touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
A soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Fri, 15 Sep 2023 - 55min - 72 - 72: Inside Infinite Banking: David Stearns Distinguishes the Authentic from the Superficial
Main Episode Description
In this episode, we are honored to be joined by David Stearns, Director of the Nelson Nash Institute (NNI). The NNI was started by R. Nelson Nash, the founder and creator of The Infinite Banking Concept ™. Lean more about the official home of IBC at InfiniteBanking.org.
David Stearns is not only the Director of the NNI, but he's also Nelson Nash's son-in-law. He's been there from the beginning of the creation of IBC.
So, tune in to this great discussion, where we learn some of the history of IBC. How and when it got it got started, and most importantly, why it got started.
We'll get into IBC principles around whole life policy design and why this topic needs to center around the individual policy owner.
We'll also discuss the fact that the NNI is primarily an educational organization, not a sales organization.
The NNI is focused on building a network of advisors (Authorized Infinite Banking Practitioners) who are aligned and dedicated to protecting and propagating Nelson Nash's vision. The mission is to help individuals regain control over their financial lives by "Becoming Your Own Banker."
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:
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Fri, 08 Sep 2023 - 51min - 71 - 71: Finding Your "Why." 9 Reasons You Should Practice IBC
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:
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Main Episode Description
In this profound episode, we journey into the very heart(!) of The Infinite Banking Concept (IBC) to explore not just the 'how', but, more importantly, the 'why'. Implementing IBC isn't just about buying a whole life insurance policy—it's about taking control of your financial life.
Listen as we dive deep into the motivations that fuel the journey:
The realization that our existing financial system is inherently flawed, leading to unintentional theft of your time, effort, and hard-earned money.Moral convictions that challenge the status quo of governmental practices, which, through inflation, unfairly transfer wealth.The timeless lessons from our ancestors about the importance of saving and leaving behind a legacy.Strategies to protect multiple future generations, ensuring they benefit from your financial foresight.The aspiration to build a rock-solid financial base, ready to tackle any of life's uncertainties.A peek into the unmatched benefits of uninterrupted compounding, risk minimization, and the allure of owning more assets.And lastly, understanding that money, being a placeholder of value must be placed where its impact is maximized.Join us as we unpack the philosophy and strategy behind IBC, encouraging you to find your own 'why' and truly "become your own banker."
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Fri, 01 Sep 2023 - 34min - 70 - 70: When to Get Started with Infinite Banking
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:
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Main Episode Description
You may ask yourself, "Am I ready to become my own banker?"
To help answer this question, we'll use the old adage: "The best time to plant a tree was 30 years ago. The second-best time is today."
With the Infinite Banking Concept®, we are taking control of the banking function. It's that simple. And if it's that simple, would you want to put it off for a while, or would you want to implement it as quickly as possible?
This is the conversation in today's episode. We'll talk about three factors that affect the timing of when you might start a whole life insurance policy:
- Underwriting and qualificationYour financial situationDoing your due diligence
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Episode Highlights:
0:00 Intro
3:43 Shouldn't you at least find out what you can get?
4:47 What if you smoke? Should you put it off till you quit?
7:08 What if you're pregnant?
7:41 Reclassifying minors when they turn 18
10:18 Looking at your financial situation
15:24 A discussion on minimum premium
20:07 Education and Mindset
24:35 The proof is in the pudding
Wrap Up
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Fri, 25 Aug 2023 - 30min - 69 - 69: How NOT to Buy Life Insurance
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:
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Main Episode Description
Like everything else in life, when it comes to buying life insurance, there are optimal ways to evaluate your choices and suboptimal ways.
In this episode, we address the fact that to optimally buy life insurance; we must understand that life insurance fits inside a bigger financial picture. It's not always about paying the "cheapest" premiums.
With several newer companies marketing the benefits of "cheap" term life insurance with minimal underwriting, reinforcing the knowledge that we need more than just a hammer in our toolbox is more important than ever.
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Episode Highlights:
0:00 Intro
1:38 No shame! It's good to have life insurance
2:03 Sales systems
6:19 Reminds me of the dotcom boom
7:46 Cost vs. Price
9:26 Commodity-based selling and Economic time preference
15:24 To a client: "Do you want to be strategic or not?"
16:41 A peaceful existence
19:22 Your financial plan can't stop just because you turned 65
21:07 Finding a good life insurance agent
23:44 Commoditization of life insurance by way of policy design
29:26 Integrity of Agents and Companies
Wrap Up
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
Thu, 10 Aug 2023 - 32min - 68 - 68: How Much Life Insurance Can You Have?
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:
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Main Episode Description
With funding life insurance for IBC, a little-know fact is that you can only buy so much.
Many people are already familiar with MEC (Modified Endowment Contract) limits that limit how much premium you can pay relative to the death benefit. But there is also a limit on how much total death benefit you can buy.
The insurance companies will only underwrite you for a maximum amount based on your income and/or net worth.
For example, if your lifetime income and/or net worth is $2M, the insurance company will not sell a $20M policy.
This creates yet another set of tradeoffs that need to be understood when designing a whole life insurance policy for The Infinite Banking Concept.
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Episode Highlights:
0:00 Intro
0:43 Human Economic Value
2:50 Your Greatest Asset
6:38 Calculating Your Maximum Potential
7:44 Don't Forget About Your Family
9:34 Policy Components Determining Underwriting
12:08 As Income Rises
13:59 Human Life Value and Total Underwriting
17:10 The Modified Endowment Contract (MEC)
18:52 Understanding the Purpose of Life Insurance
25:26 So How Much Life Insurance Should You Have?
29:04 Effects on Retirement
30:16 Story of a Typical Financial Advisor
Wrap Up
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Connect with us
If you'd like to see how to apply these principles to your specific situation, get in touch. Schedule a free, no-obligation 30 minute consultation with us today!
Tue, 06 Jun 2023 - 34min - 67 - 67: 1035 Exchanges and Infinite Banking
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Use code "PODCAST" to get 50% off of our soup-to-nuts online course:
Main Episode Description
Real estate investors are familiar with the idea of a 1031 exchange that allows them to exchange like-for-like value from one real estate asset to another without paying capital gains tax. Similarly, you can exchange permanent life insurance polices using a 1035 exchange without creating a tax obligation.
While 1031 and 1035 exchanges are similar in spirit, because life insurance is an actuarial product, there are unique and significant tradeoffs that need to be considered when exchanging life insurance policies.
Episode Highlights:
0:00 - Introduction
0:30 - Exchanging to get an "IBC Policy"
1:04 - What is a 1035 Exchange?
1:45 - Everything is a tradeoff
2:00 - How is a 1035 Exchange done?
5:09 - Can the existing advisor hold this up?
6:00 - Why would someone do a 1035 Exchange?
7:30 - Rule of thumb is to NOT to exchange a policy
8:23 - Analyzing the decision to exchange
12:35 - Misunderstandings and misconceptions of 1035 Exchanges
19:35 - You must be your own advocate. Is there any reason not to check back with your original Agent?
22:15 - There are many options in life insurance. Don't get caught up with random details justifying an exchange
23:00 - Nelson Nash Institute - A higher level of professionalism
23:55 - Sales commissions
26:35 - Good reasons to exchange (whole life to whole life)
29:33 - Exchanging from IUL/VUL to whole life (Reference Episode 37)
33:40 - Taking back control and guarantees with whole life insurance - A peaceful state of mind
35:05 - Becoming your own banker - there is only one true "permanent" life insurance and that's whole life
Wrap up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us
If you'd like to see how to apply these principles to your specific situation, get in touch.
Schedule a free, no-obligation 30 minute consultation with us today!
Sat, 06 May 2023 - 38min - 66 - 66: IBC Principles for Whole Life Insurance PUA Riders
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Main Episode Description
The Paid Up Additions (PUA) rider is one of the most well-known components of an "IBC-Style" whole life insurance policy.
Most people think PUA = Cash value. And while it can look this way in an illustration, that's not exactly true.
In this episode, we'll discuss the often misunderstood PUA rider, base-to-PUA premium ratios, and how designing policies with PUA as the primary (or only) focus can lead to significantly constrained and smaller policies.
Tune in and learn to love the base (premium)!
Episode Highlights:
0:00 - Introduction
0:12 - Episode beginning
1:39 - What is a PUA rider?
3:01 - What does the PUA rider do for you?
6:33 - Designing a policy with a PUA rider
12:01 - The option to pay a premium for as long as possible
16:20 - “Short runway” policies
17:44 - PUA priorities
21:13 - Your options with paying premium
25:37 - One more thing about the death benefit
27:09 - Episode wrap-up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us
If you'd like to see how to apply these principles to your specific situation, get in touch.
Schedule a free, no-obligation 30 minute consultation with us today!
Mon, 10 Apr 2023 - 27min - 65 - 65: What Problems Does Infinite Banking Solve?
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Main Episode Description
One of the biggest financial problem we all face comes straight from the book, Becoming Your Own Banker; Parkinson's Law.
"A luxury, once enjoyed, becomes a necessity." In financial parlance, this means expenses tend to rise along with our income.
Taxes, debt service, and lifestyle expenses always tend to rise at the same rate as our income, leaving only what's left over to save and grow.
And we've found this to be just as true for someone making $1M per year as it is for someone making $30k per year.
In this episode, we talk about this and many other problems The Infinite Banking Concept solves. By having access to capital and being able to finance our own purchases and investments in a strategic manner, we kill many proverbial birds with a single financial stone.
Episode Highlights
0:00 - Introduction
0:12 - Episode beginning
0:21 - “What problem are you trying to solve?
1:31 - The official problem
4:54 - The problem that we all have
9:36 - Protecting your family against the loss of income
15:19 - Passive income
21:39 - Thinking long range, protecting your family in the future
30:21 - Accelerating the payoff of debt
33:23 - Reducing of eliminating taxes
39:18 - What whole life can’t do
41:32 - Episode wrap-up
About Your Hosts:
Hosts John Montoya & John Perrings are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998. He is an Authorized Infinite Banking® professional and works nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
CONNECT WITH US AT https://www.TheFifthEdition.com
Mon, 27 Mar 2023 - 42min - 64 - 64: What is an "IBC Style" Whole Life Insurance Policy?
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Use code "PODCAST"to get 50% off of our soup-to-nuts online course:
Main Episode Description
There is a ton of information about Infinite Banking out there and opinions about "correctly-designed" policies probably top the list.
We want to help you cut through the noise and help you understand what an "IBC Style" policy should be.
Like everything having to do with insurance, it's all about trade-offs. There is no secret, magical way to design a policy to give you the "best" cash value without some kind of corresponding tradeoff.
That being said, in this episode, we'll give you some guidelines on what to look out for (and what to avoid!) when looking at a whole life policy designed for IBC.
Link to EPISODE 37 (Why Universal Life is Not Right for IBC), mentioned in this episode.
Episode Highlights
0:00 - Introduction
0:11 - Episode beginning
3:44 - “What is an IBC policy?”
8:28 - The long-term perspective
12:01 - Thinking about your design
15:31 - “Design your policy like it’s your last one”
22:49 - Typical design components that you should look for
27:13 - Where the cash value really comes from
33:40 - Episode wrap-up, a couple of riders to consider
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
CONNECT WITH US AT https://www.TheFifthEdition.com
Sun, 19 Mar 2023 - 37min - 63 - 63: Recent Policy Loan Rate Increases
** Get a 50% off our online course, IBC Mastery **
With current rising interest rates, many carriers have similarly raised the interest rates on policy loans. Many whole life policy owners are wondering how this will affect their practice of The Infinite Banking Concept ®.
In this episode we talk about policy loan rates and what to expect with whole life insurance dividends as interest rates rise.
As John Montoya tells us, “interest rates are relative”.
Episode Highlights
0:00 - Introduction
0:12 - Episode beginning
2:19 - Interest rates
5:23 - Interest rates are relative
10:00 - What it means to take the control of the banking function in your life
13:01 - Taking loans
19:01 - Make sure that you’re calculating life properly
23:28 - Episode wrap-up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Interested in working with us?
Fri, 10 Mar 2023 - 25min - 62 - 62: Life Insurance is Not an Investment. Here's Why That's Important.
Episode Description
Unlike your typical investing, whole life insurance must be looked at in a different light.
Life insurance is not an investment and it never has been. The good news is that, while life insurance is not an investment, what it actuallyis makes all of your investments perform even better.
Tune in to this one and get a better understanding of how life insurance can play an important part in your overall financial life.
Episode Highlights
0:00 - Introduction
0:15 - Episode overview
0:44 - “IBC is not an investment”
7:54 - Creating a financial system to replace the one you already have
13:12 - How you think, the “business owner mindset”
16:45 - John Perring’s mindset change, guarantees
20:37 - “Building on bedrock and not sand”
27:16 - The moral case for using life insurance
32:35 - Episode wrap-up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking® so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Resources
50% discount to our online course, IBC Mastery
Sat, 04 Mar 2023 - 33min - 61 - 61: Capital, Banking, and The IBC Grocery Store Analogy
In his book, Becoming Your Own Banker,Nelson Nash did something very special to help readers gain a deeper understanding of the importance of capital formation.
Rather than discuss money directly, he talked about it through the example of a grocery store owner stocking cans of peas.
Nelson used food inventory because, just like money, it can be both sold and consumed.
In this episode, we discuss the Grocery Store Analogy as a foundation to understanding The Infinite Banking Concept®.
"Don't steal the peas!"
Link to episode: https://www.thefifthedition.com/ibc-grocery-store-analogy
Episode Highlights:
0:00 - Introduction
0:12 - Episode beginning
1:16 - The grocery store analogy
3:03 - How does this relate to IBC?
8:18 - Being a part of what you consume
11:56 - Capital has to come from somewhere
13:55 - Being an honest dealer
18:26 - Episode wrap-up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about The Infinite Banking Concept so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us:
https://www.thefifthedition.com
Fri, 24 Feb 2023 - 20min - 60 - 60: Showdown: Short Pay vs. Long Pay Whole Life Policies
Get all the info you need about The Infinite Banking Concept® at:
Main Episode Description:
One of the most valuable traits an IBC practitioner can have is patience - you need to be able to “think long range”, as Nelson put it.
Which brings us to today’s topic: short pay and long pay policies.
This is a hotly debated topic amongst life insurance agents and there is a lot of confusing, contradictory advice out there. Today, we are going to weigh in on the matter and help explain these policy design approaches and how they pertain to the Infinite Banking Concept®.
Remember, everything in the insurance business is a tradeoff between cost and risk. There is no free lunch. So what are the tradeoffs when it comes to short-pay and long-pay policies for the purposes of deigning a whole life insurance policy for IBC?
This is super-important information so please give this one a listen!
LINK TO THIS EPISODE:
https://www.thefifthedition.com/60
Episode Outline:
0:00 - Introduction
0:12 - Episode beginning
2:55 - Some more context on “short pay”
7:27 - Why do people write short pay policies?
12:04 - Two other reasons that short pay policies have gotten more popular
16:07 - Another trade-off and long-term payments
18:06 - A policy becoming “paid up” and some more trade-offs
23:07 - Another trade-off, lower death benefit
24:24 - “Using your flexibility” and how it affects performance
27:29 - “The ability to go down”
29:45 - Measuring the performance of both
35:35 - The rule of thumb and where you would do a short pay
40:51 - The IBC mindset
43:19 - Episode wrap-up
Get in touch
https://www.thefifthedition.com/p/contact/
Fri, 17 Feb 2023 - 44min - 59 - 59: The Life Insurance Application Process
One of the most common questions we get about starting the process of acquiring a whole life insurance policy for Infinite Banking® is how the application process works.
Applying for life insurance can be somewhat daunting but it doesn't have to be. With an experienced advisor it is possible to navigate the underwriting process with ease. Even if you have some pre-existing conditions.
Tune in to this episode and learn all about the application process for IBC whole life.
Want to know everything about whole life for IBC?
Use the code "PODCAST" and get a 50% discount on our comprehensive, soup-to-nuts online course, IBC MASTERY.
Wed, 01 Feb 2023 - 31min - 58 - 58: Multiple Whole Life Policies for IBC
Description:
A very common question we get is how multiple whole life insurance policies come into play for Infinite Banking.
In chapter 6 of Becoming Your Own Banker, Nelson Nash states "...I am not describing one life insurance policy. This is to be a system of policies."
In chapter 12 he states "We need a system of many policies to do the job [of accomplishing our banking needs]."
So, what's this all about? How do we go about buying multiple whole life insurance policies and how is this even possible?
Tune in to this important episode where we discuss the ins and outs of owning multiple whole life insurance policies for Infinite Banking.
Episode Outline:
(0:00) - Episode introduction
(1:57) - The idea of having multiple policies
(4:20) - One consequence to putting too much premium into a whole life policy
(7:13) - The business owner mindset for IBC, “expanding your system”
(11:19) - Buying a convertible term policy
(15:40) - Short term vs. long term planning for IBC
(18:41) - Having a better handle on your expenses, income and where it’s all going
(21:41) - To sum it all up: Capital needs a home
(23:06) - Episode wrap-up
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Fri, 06 Jan 2023 - 23min - 57 - 57: The Incredible Tax Efficiency of IBC
An often overlooked benefit of The Infinite Banking Concept® is the tax efficiency created by becoming your own banker.
In this episode, we discuss three ways IBC can improve your tax situation:
- Using IBC to create the funds with which to pay taxesCreating the system to build business income which allows for more reduction of taxRetirement strategies that create more tax-free income
Tune in and learn all about taxes with Infinite Banking!
As always - connect with us at www.thefifthedition.com
Tue, 20 Dec 2022 - 28min - 56 - 56: The Catch Up Provision of a Whole Life Insurance Policy
With so much economic uncertainty, sometimes it can be difficult to fund the things in your life that are important to you, including your IBC whole life insurance policy. However, there may be a way that you can make up for the lost ground.
The “Catch Up Provision” in the PUA rider of many whole life policies allows you to catch up with missed PUA premium from prior years. This is a critical feature with whole life insurance and, more broadly, Infinite Banking.
There are times when we need to roll with the punches and there will be times when funding an IBC whole life policy to the desired level may not be possible. With the catch up provision, we have options to minimize the lost opportunity cost of hard times.
Tune in to find out to learn more!
Episode Outline:
● (0:35) - Episode beginning
● (1:01) - How a catch-up provision works, the history of it and where it fits into your IBC policy
● (3:40) - “Taking over the banking function of your IBC policy”, how catch up provisions give you more flexibility
● (5:20) - “Where does the income go?”, catch up provisions give you flexibility and options
● (9:14) - “Should you prioritize maxing out your PUA rider, or repaying a loan?”
● (10:58) - Is there such a thing as a “correctly designed policy”?
● (13:52) - Common question: “Which company has the best PUA catch-up provision?”, how insurance companies update their products
About your hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us:
https://www.thefifthedition.com/
Sat, 12 Nov 2022 - 16min - 55 - 55: IBC, HSAs, Health, and the Freedom to Heal
In this very special special and personal episode, we interview co-host John Montoya's wife, Kelly Vail, about her battle with cancer.
As a business owner, Kelly started IBC as a way to be more efficient with her cash flow. Little did she know that, years later, the living benefits of whole life insurance would literally save her life.
When the healthcare system had no answers and gave her only months to live, the access to money created by her whole life and disability insurance gave her the flexibility and space that she needed to take matters into her own hands.
Kelly has documented her journey, including the treatment path she took to get healthy on her blog here:
https://www.caringbridge.org/visit/kellyjvail
---
Episode Outline:
● (0:17) - Episode start and introduction
● (1:15) - What is a Health Savings Account (HSA)? How people view it and it’s limitations
● (7:35) - The opportunity cost of HSAs, blurring the line between saving/investing
● (9:40) - Why IBC is the best rainy day fund for medical expenses
● (12:30) - Introduction to Kelly Montoya, her story and her battle with breast cancer
● (20:03) - What Kelly realized about her health insurance coverage, using her IBC policy to get the treatment she needed
● (25:45) - The reality of supplementing your income with disability, how Kelly actually utilized her IBC policy
● (34:08) - IBC gave Kelly an alternative path that was literally life-changing, some big news
● (40:25) - The last 7 months, the role that IBC played, episode wrap
About your hosts:
Hosts John Montoya and John Perrings are dedicated to spreading the word about The Infinite Banking Concept® so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us:
https://www.thefifthedition.com/
Wed, 26 Oct 2022 - 45min - 54 - 54: Do the Financial Rules Still Apply?
When you’re making financial decisions for yourself, you need to be aware of the economic landscape around you. However, this can be difficult to do given how quickly and often things can change.
This week, we tackle a listener question:
“Will the traditional rules of finance hold strong or will the rules change in the next 40 years?”
Tune in to hear John and John break down what the “rules” actually are. They show you what’s behind the curtain and who is really pulling the strings – but they also reveal how these “traditional rules” become so widespread and accepted.
Episode Outline:
● (0:17) - Listener question, the guys consider “the rules we have right now
● (3:48) - Start of Part 1: What are the traditional rules of finance, what are the assumptions people have
● (6:07) - Investing and saving, how one can harm the other when you’re wealth building or preparing for retirement
● (12:01) - Rules, restrictions, limitations of custodial accounts (401ks, IRAs)
● (17:34) - Issues with “being safe” and keeping your money as liquid as possible, inflation, money supply and where the banks and the government fit in
● (23:41) - Mainstream opinions and where they can take you
● (26:18) - Start of Part 2: The principles of personal finance that DON’T change, “traditional vs. typical”
● (29:14) - The importance of contractual guarantees, how IBC grows and protects your money
● (31:40) - The one type of rate of return nobody talks about - but IBC gives you
About your hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about The Infinite Banking Concept® so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
Connect with us and get at www.TheFifthEdition.com where you can find additional resources and schedule a no-obligation consultation to see how IBC could work in your life.
Tue, 20 Sep 2022 - 42min - 53 - 53: IBC and the Financial Art of War
Join us in this episode as we discuss how your finances are like training for a battle.
It's common to use sports-based analogies like "offense & defense" when it comes to money but the typical mainstream financial plan often has tactical disadvantages on both ends from inadequate protection to chasing rates of return in risky investments that underperform.
When it comes to our financial future, we should train like we're going to war. This is where the Infinite Banking Concept provides the financial principles for tactical advantages for life long success.
Have a listen and let us know what you think at: https://www.thefifthedition.com/53
Fri, 19 Aug 2022 - 20min - 52 - 52: An IBC Retirement Strategy
Join us for our first video podcast where we do a full presentation on an IBC Retirement Strategy!
Overview:
You can almost draw a line in the sand separating the time before and after discovering The Infinite Banking Concept®.
As such, your financial lives become divided in two:
- All of the possible future decisions that can be made through the implementation of IBC.All of the past decisions that were already made prior to discovering IBC.
Decisions made in the past were made with your best thinking at the time. They now, however, may seem suboptimal, learning what we know about IBC.
Whole life insurance is an asset that gives us the unique ability to make our future *and* past decisions work even better than we hoped - at the same time.
Be sure to check out the presentation at https://www.thefifthedition.com/52
Sun, 31 Jul 2022 - 44min - 51 - 51: How To Avoid IBC Amnesia
Whether you're new to Infinite Banking or perhaps you started years ago, it's crucial you avoid the onset of IBC amnesia. In this episode we discuss how to self-diagnose if you've developed IBC amnesia and the steps to follow so you can take advantage of the capital you're creating in your IBC policies to build your wealth.
We hope you enjoy this episode and if you have questions about getting started with Infinite Banking, please connect with us at www.TheFifthEdition.com.
Wed, 22 Jun 2022 - 20min - 50 - 50: IBC and Breaking Bad
Welcome to episode 50 where John and I have some fun and go a bit off topic to discuss one of the best TV shows of all time. You'll learn how with just a little bit of sound financial planning our favorite character, Walter White, could have left his family the legacy he actually intended.
Instead he became the infamous Heisenberg that led to so much societal mayhem and an epic fall from grace over 5 seasons of the best character arc ever created. The lesson here: the financial choices you make (or don't make) have consequences. We hope you enjoy the episode!
To connect with us about Infinite Banking or even your favorite TV show, you'll find us at www.TheFifthEdition.com. Thank you for listening!
Fri, 03 Jun 2022 - 09min - 49 - 49: The Moral Case For IBC
In previous episodes we've explained the strategy, covered the benefits, and highlighted best practices, but in this episode we are going to challenge you to ask if the financial decisions you make are morally the best you can make for yourself, your family, and society.
Take a listen and hear what we have to say about the moral case for IBC and why you should practice Infinite Banking. After all, truth is the end of all inquiry.
If you have questions about Infinite Banking, be sure to connect with an IBC practitioner. You can connect with the hosts at www.TheFifthEdition.com.
Tue, 17 May 2022 - 20min - 48 - 48: IBC: How Much Premium Should You Pay?
A question we are often asked by new clients, just starting their IBC journey is "how much should I fund a policy?" Or "How much does it cost?"
Whole life insurance, for the purposes of implementing the Infinite Banking Concept®, is about capitalizing (aka, storing cash).
So the real question should be: "How much do you want to save?"
When looked at in this way, we start to see that whole life insurance premiums are not a cost at all.
Questions? Head over to TheFifthEdition.com where you can:
Schedule a free, no-obligation consultation to better understand how IBC could work for you.Get access to the online course, Whole Life Insurance Fundamentals, with a 50% discountSat, 23 Apr 2022 - 16min - 47 - 47: Infinite Banking for Your Children
In this episode we'll discuss the rules of thumb, pro's and con's, and other insights you ought to know if you're thinking about starting an Infinite Banking policy for your children. In the insurance world, these are called juvenile policies.
And be sure to give Episode 21 "Who to Insure First" another listen for additional context!
As always, let us know what questions you have. The hosts of the show are IBC Authorized Practitioners and can be reached at www.TheFifthEdition.com.
Sat, 02 Apr 2022 - 28min - 46 - 46: Large Lump Sums of Cash with Infinite Banking®
We often talk to folks who will tell us they have a lump sum of money that they want to use to "start their IBC policy."
How can we deal with large lump sums of cash with regards to The Infinite Banking Concept®?
We can't deal with it like most of us are used to with typical financial accounts. Because life insurance is an actuarial product, we must have a strategy to deal with large lumps sums. The good news is that when we use IBC principles, it's even better than just depositing the money in an account.
If this is something that has been on your mind, go to www.thefifthedition.com and schedule a free consultation.
Sat, 05 Mar 2022 - 21min - 45 - 45: Thinking About Taxes With IBC
In this episode we share some thoughts on taxes.
In Becoming Your Own Banker, Nelson Nash likens the financial world to flying an airplane. "... you cannot fly an airplane through a vacuum. It must go through an environment!"
If you ever travel by plane, you know that it takes longer to fly west than it does to fly east. This is because flying west, you are flying into a headwind. It takes around 20% longer to fly west than it does to fly east.
In finance, all costs (now and in the future) create a financial headwind. And for most people taxes are the largest drag on our financial lives.
Let's discuss!
Resources mentioned in this episode:
Tue, 22 Feb 2022 - 26min - 44 - 44: Buying Real Estate With IBC
Real estate investors, more than others, perhaps, have difficulty getting comfortable with the capitalization period of a whole life insurance policy.
In this episode we break this down in detail and walk through a 30-year model of buying real estate with bank cash vs buying real estate using life insurance cash value.
You can see a full video of this analysis at https://www.thefifthedition.com/44
Sun, 23 Jan 2022 - 32min - 43 - 43: IBC And The Fear Of Inflation
One of the biggest talking points in 2021 has been inflation with government reported CPI at numbers not seen since the early 1980's. Will inflation be "transitory" as Fed Chairman Jerome Powell stated or is it here to stay? More importantly for Infinite Banking, does IBC still make sense going into 2022 and beyond if inflation persists?
We tackle why IBC still makes sense in a world with rising inflation so you'll want to take a listen to this episode. As we continually remind listeners, you'll never be in a worse position by having access to cash, especially in a world with so much uncertainty!
For more information on getting started with Infinite Banking or if you have specific questions we can help answer in future episode, get in touch with us at www.TheFifthEdition.com.
Sat, 01 Jan 2022 - 29min - 42 - 42: Paying Extra Interest
If you're wondering what Nelson Nash meant when he instructed Infinite Bankers to pay extra interest, this is your episode! Paying "extra interest" really seems to confuse a lot of people because it is so ingrained into our psyche to be told what our required loan payment is each month. So much so that the idea of setting our own schedule of payments can be completely foreign to new Infinite Bankers.
This is what financial freedom is... the ability to make your own financial decisions on your own terms. Infinite Banking allows this autonomy and control over your finances.
Take a listen to learn more about IBC and visit www.TheFifthEdition.com to ask questions or schedule a call with the hosts!
Sun, 05 Dec 2021 - 19min - 41 - 41: What Is Different With the 7702 Changes to Life Insurance
At the end of last year, December 2020, Congress passed the Consolidated Appropriations Act. In addition to its many stimulus measures, it contained a provision that affects permanent life insurance products like the ones we endorse for Infinite Banking.
Have the so-called 7702 changes affected what we do with IBC or do the principles of Infinite Banking remain the same? Take a listen and find out.
And remember the best time to start IBC is 20 years ago, but the second best time is today!
To schedule a consultation to start your Infinite Banking journey, please visit us at https://TheFifthEdition.com.
And if you haven’t yet read it, be sure to pick up a copy of Becoming Your Own Banker directly from the Nelson Nash Institute.
Sat, 20 Nov 2021 - 13min - 40 - 40: Policy Design: Rate of Return vs. IBC Based Principles
One of the classic mistakes people make before deciding to implement Infinite Banking is focusing on the cash value growth. We encounter it all the time. As Nelson would say, "You're majoring in the minors!"
Though it is initially a challenge getting beyond the "rate of return" mindset that we have been taught by Wall Street, as you learn more about The Infinite Banking Concept you'll start to realize there's so much more value and benefits to IBC beyond the yield Whole Life policies generate.
In this episode we'll discuss what life insurance, as an asset class, should be compared to and help you see the bigger picture about the use of your Infinite Banking cash values.
Take a listen, let us know what questions you have, or even schedule a consultation to start your Infinite Banking journey at https://TheFifthEdition.com.
And if you haven’t yet read it, be sure to pick up a copy of Becoming Your Own Banker directly from the Nelson Nash Institute.
Sun, 07 Nov 2021 - 21min - 39 - 39: Shopping For The Money
One of the best ways to ensure we maximize the Infinite Banking strategy is by understanding when we should take policy loans. This is a little discussed topic but it's a topic you should be up to speed on.
Just because we have access to cash values doesn't mean we should always use policy loans.
In this episode we'll discuss the idea of "shopping" for money, our 5 Rules of Thumb, and why this topic is so important. We'll also talk about different examples to help you better understand when best to take policy loans and we'll even touch on whether or not policies loans help grow cash values.
Take a listen, let us know what questions you have, or even book a consultation to start your Infinite Banking journey at www.TheFifthEdition.com.
Sun, 24 Oct 2021 - 18min - 38 - 38: Guaranteed and Non-Guaranteed Cash Values
If you're really wanting to better understand Infinite Banking, this is an important episode for you to bookmark and re-visit even in the future. In this episode we discuss Guaranteed and Non-Guaranteed Cash Values and why each is important to the process of Becoming Your Own Banker!
We'll also delve into understanding how contracts differ from investments (and therefore how IBC is different from investing) and how contractual wealth differs from statement wealth.
Take a listen, let us know what questions you have, or even book a consultation to start your Infinite Banking journey at www.TheFifthEdition.com.
And if you haven’t yet read it, be sure to pick up a copy of Becoming Your Own Banker directly from the Nelson Nash Institute.
Sun, 10 Oct 2021 - 26min - 37 - 37: Why Universal Life is NOT Right For IBC®
In this episode we discuss Universal Life policies and why the Nelson Nash Institute advocates for Whole Life, and specifically not Universal Life, when implementing The Infinite Banking Concept®.
We'll cover the pro's and con's of Universal policies, including what most advisors will never tell you when selling any of the 3 types of Universal policies. And we'll discuss the proverbial "fork in the road" that forces you to make a difficult choice in the later years of a Universal policy.
This is important information for you and your family so take a listen.
If you have questions about your existing life insurance and/or you are looking to get started with Infinite Banking, connect with the hosts at https://TheFifthEdition.com.
Mon, 20 Sep 2021 - 37min - 36 - 36: Infinite Banking as a Financial Bridge
In this episode we discuss how Infinite Banking provides the rare financial solution to marry the investment world (401k/mutual funds) with the life insurance solutions (IBC designed Whole Life) to create a more efficient financial plan that produces better results than an all market-based approach by itself.
Most advisors, the media, and ultimately the public at large have been sold on the idea that one way of thinking is better than the other. We'll hit on the major talking points like commissions, fees, what means it to be a fiduciary, and why Infinite Banking allows you the opportunity to bridge both Wall Street and the Life Insurance industry to create better outcomes.
If you have questions or would like to learn how you can implement Infinite Banking into your overall financial plan, you can connect with the hosts at www.TheFifthEdition.com .
Mon, 30 Aug 2021 - 34min - 35 - 35: Why Banks Practice IBC
If you're new to Infinite Banking, you might be thinking: "I don't know anyone who does IBC". But guess what? The largest banks in the world have been buying billions of dollars of high early cash value life insurance policies for decades: Bank Owned Life Insurance (or BOLI).
In this episode, we are inspired by author Barry James Dyke and his books The Pirates of Manhattan I & II to share one of the biggest financial secrets hiding in plain sight... that banks are the largest purchasers of permanent life insurance in the entire world! All of this is public record if you know where to look.
If banks are buying billions of dollars of cash value life insurance every year, there must be some pretty amazing reasons why you should consider doing the same, right?
Take a listen and if you'd like to schedule time with the hosts to get your questions answered, visit the website to book an appointment at: www.TheFifthEdition.com.
Sun, 25 Jul 2021 - 22min - 34 - 34: The "More" Asset
One of the best aspects of Infinite Banking is that it allows the work of one dollar to do the work of two dollars. Unlike a typical investment which is an "either/or" proposition, Infinite Banking provides the safest way to leverage an asset in order to create... MOREassets.
Take a listen to discover why as IBC authorized practitioners John Montoya and John Perrings discuss the 9th Wonder of the World (uninterrupted compounding interest) to multiply wealth with the Infinite Banking system.
If you have questions or would like to learn how to get your Infinite Banking portfolio started, you can schedule a no-obligation consultation with us at:
Thu, 15 Jul 2021 - 17min - 33 - 33: The Why and How of IBC Convertible Term
In this episode, Infinite Banking authorized practitioners John Perrings and John Montoya cover what you need to know about convertible term insurance, how it relates to setting up your Infinite Banking portfolio and the process to get started.
If you're just looking to get started with IBC or maybe you already have a policy or two, you'll want to understand the importance of securing your ability to start future IBC policies. Do not take your health for granted!
As Nelson Nash always taught: think 2-3 generations ahead.
We hope you enjoy the show! To get answers to questions you have please visit www.TheFifthEdition where you can contact the hosts and request a 30 minute private consultation.
Tue, 22 Jun 2021 - 17min - 32 - 32: Liquidity and Diversification
In this week's episode we discuss how the IBC strategy brings about unrivaled liquidity and diversification to an overall financial plan.
Sadly, most people think their financial plan are liquid and that their plan is fully diversified... but compared to what? Mainstream financial plans look exactly the same so they can't be compared equally to the tangible and intangible benefits Infinite Banking provides.
Take a listen and learn how Infinite Banking adds more depth, safety, and opportunities so you can pursue the lifestyle you want!
To learn more about getting started with Infinite Banking, visit www.thefifthedition.com to schedule your strategy session.
Sat, 15 May 2021 - 22min - 31 - 31: Direct vs Non-Direct Recognition Dividends
One of the more confusing aspects of the Infinite Banking Concept is understanding how dividends work. Nearly all the information we find on the internet on this subject is creative marketing to make you believe one type of dividend is superior to the other.
In this episode, Infinite Banking Practitioners discuss the two different types of Whole Life participating dividends available and what matters most.
There's a reason Nelson Nash doesn't choose a side or even mention Direct or Non-Direct Dividends in his book "Becoming Your Own Banker"... As Nelson would say:
"Don't major in the minors!"
To get started with Infinite Banking or ask the hosts questions, please visit www.TheFifthEdition.com.
Thu, 29 Apr 2021 - 09min - 30 - 30: Getting Started With IBC In Your 50s
"What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so." - Mark Twain
Is it too late to get started if you're now in your 50's? How can Infinite Banking help you create financial security for your retirement? We cover these topics and more in this episode of The Fifth Edition.
For specific answers to your financial situation, schedule a strategy session by visiting www.thefifithedition.com and talk to an Authorized Infinite Banking practitioner. The best time to get started with Infinite Banking is always yesterday, but the 2nd best time is today!
Sat, 10 Apr 2021 - 34min - 29 - 29: Why You Need To Get Started With IBC In Your 40's, Part II
This episode picks up after episode 27 "Why You Need IBC In Your 40's" to discuss how we use IBC focusing the asset accumulation side of wealth building.
Just like the old saying, there's more than one way to skin a cat... there's no limit to how you can use Infinite Banking. Using the IBC strategy first to create and hold capital under your own control is the first step. What you do next is up to you. Take a listen and learn a little bit about how we practice what we preach.
If you have questions or would like to know if Infinite Banking makes sense for your situation, visit www.TheFifthEdition.com to schedule a private 30 minute consultation.
Fri, 26 Mar 2021 - 15min - 28 - 28: How Current Events Affect IBC
So many current events to feed the headlines but 99.99% of the chatter is either irrelevant or dangerous to our economic health.
One of the rarely mentioned benefits to Infinite Banking is how it brings clarity and focus to the "noise" that's all around us.
Join us as we break down how current events shape our philosophy around IBC so you can see the noise for all it is... a distraction to divert your attention from living a peaceful and more abundant life.
Enjoy the episode and be sure to visit www.TheFifthEdition.com to learn more about making Infinite Banking a part of your life.
Tue, 09 Mar 2021 - 10min - 27 - 27: Why You Need To Get Started With IBC In Your 40's
This episode is probably one of our favorites because it's packed full of reasons why you should make Infinite Banking a part of your overall financial plan.
By your 40's you've probably accumulated enough financial experience to have doubt about how viable a 100% stock market and term life insurance only approach will be come retirement.
We'll cover the challenges people in their 40's face and what you can do to avoid the financial regret we hear from those who wish they had started when they were in their 40's. Regardless of your age, though, this episode is a must listen!
To learn how you can get started with IBC, you can book a time to speak with the hosts at www.TheFifthEdition.com.
Sat, 20 Feb 2021 - 33min - 26 - 26: Getting Started With IBC In Your 30s
In this week's episode, we explore the importance of getting started with Infinite Banking in your 30's. At this point in life, your career is likely coming into focus but your idea of what constitutes a financial plan may be predicated on what your employer told you should do but planning for a retirement at an age when you may be starting a family and buying your first home could mean dealing with debt and other financial responsibilities that could potentially set you back a decade... unless you discover what we did about Infinite Banking in your 30's!
It's now time to take of those kid's gloves for good and get serious about building a foundation for your money that will serve you now and for all of the stages in your life.
Take a listen and reach out to the hosts to learn how you can get started with Infinite Banking at www.TheFifthEdition.com.
Tue, 02 Feb 2021 - 43min - 25 - 25: Getting Started With IBC In Your 20's
In this weeks episode, we discuss the financial challenges facing 20 year old's today, what their priorities should be financially, and why they should be looking at IBC as way to build a rock solid foundation for their future.
We also turn back the clock to our 20's. One of us was responsible and the other was a bit more carefree when it came it our finances. The results of how things turned will probably surprise you? What did we learn from our 20's and what would we do differently if we could go back in time?
If you have questions for us or topics you'd like us to discuss, let us know at www.TheFifthEdition.com
Sun, 17 Jan 2021 - 31min - 24 - 24: Understanding Whole Life Dividends
Thank you for joining us for the latest episode of The Fifth Edition, the podcast dedicated to learning and implementing The Infinite Banking Concept into your life!
In this week's episode, our hosts discuss how dividends from a Whole Life policy work and why dividends can be so confusing for people trying to better understand Infinite Banking so you can cut through "all the noise."
Take a listen to add to your IBC knowledge base and if you have questions, be sure to connect the hosts at www.TheFifthEdition.com.
Fri, 01 Jan 2021 - 20min - 23 - 23: Creating Income With Whole Life Insurance
Join us for episode 23 where we discuss how to create income from your Whole Life Insurance. Most people tend to think about Whole Life policies only for its permanent death benefit protection but one of the incredible long-term benefits of Whole Life is how it provides more options in retirement than the default Wall Street approach to income planning... and MORE options is definitely better! Take a listen to learn more.
To ask questions or schedule a consultation with the hosts, please visit www.TheFifthEdition.com
Sat, 12 Dec 2020 - 2h 00min - 22 - 22: IBC and Internet "Rabbit Holes"
Infinite Banking is generating even more buzz as we head into 2021. Unfortunately, a lot of information found on the internet from advisors piggy backing on the IBC name without being properly affiliated with the Nelson Nash Institute and we've found from people reaching out to us that it's creating a lot confusion about how IBC really works.
In this week's episode we discuss some of the rabbit holes we've found on Youtube and other social media channels that miss the point on what IBC is all about. There's quite a few talking points from finding the best IBC carriers to shopping for dividends to even understanding what guaranteed interest rates are all about.
Take a listen and then let us know if you have questions. You can find us at:
Fri, 27 Nov 2020 - 27min - 21 - 21: Who Should You Insure First?
In this week's episode, we discuss who to insure first (yourself, spouse, or your child) when getting started with IBC. This topic came about because as IBC practitioners, we've found that people often think it's best to go with the youngest person in the household but this isn't always the case. We discuss the rules of thumb on who to insure first and why.
We'll also touch 529 college savings accounts because this account has been given a more elevated status than it actually deserves.
Take a listen and then let us know if you have questions. You can find us at:
Wed, 21 Oct 2020 - 21min - 20 - 20: A Financial Bunker For Hyperinflation, Pandemics, and Everything Else
The year 2020 has been one to forget for so many reasons and there are a lot of concerns and questions about what to do financially. Should we be buying precious metals, crypto, keep investing the market, and how in the world does an Infinite Banking Whole Life policy fit in with your overall financial plan?
Take a listen as Authorized IBC Practitioner's John Montoya and John Perrings discuss how to position yourself so you and your family can weather any financial calamity, market bubbles, or even, yep... pandemics.
It's a brand new world we're living in. This is the new normal but one thing never changes: your need to have control over your financial system.
Take a listen and let us know if you have any questions by connecting with us at:
Additional Resources mentioned during the show:
E-book: How Privated Banking Really Works by L. Carlos Lara and Robert P. Murphy, Ph.D.
Wed, 07 Oct 2020 - 20min - 19 - 19: What Is Our Biggest Financial Problem?
The average American is conditioned to give up control and access of their money, chase rate of return, and hope it all works out in the end. It's a huge financial problem that affects every household that follows the mainstream financial advice promoted by traditional banks and Wall Street. Sadly, this financial advice is all the majority of Americans have heard and followed because they have yet to the alternative to building wealth without big banks and Wall Street.
Take a listen to this week's episode as IBC Authorized Practitioners John Montoya and John Perrings delve into the biggest financial problem facing Americans today and how to overcome it with a solution that creates a stress-free way of living.
There is a better and safer way to create wealth that puts you in the driver's seat so you can take advantage of the all opportunities and curve balls life throws your way.
To learn more please contact the hosts or schedule an appointment to discuss your situation at: www.TheFifthEdition.com.
Wed, 23 Sep 2020 - 1h 29min - 18 - 18: The Ideal Characteristics For The Perfect Investment
In this week's episode, IBC authorized practitioner's John Montoya and John Perrings discuss all the ideal characteristics you should want if the perfect investment existed.
In other words, where is the best place for money?
It's an interesting subject because most people put their money in 1 of 3 places: traditional banks, qualified plans like 401k/IRA's, or their home by prepaying a mortgage.
If there was a better place for your money, when would you want to know? Take a listen and learn what you can do to build wealth with greater control of your money no matter what curveballs life throws your way.
To contact or schedule a private consultation with the hosts, please visit www.TheFifthEdition.com.
Wed, 09 Sep 2020 - 20min - 17 - 17: How, When, and Should You "Pay Up" A Whole Life Policy?
In this week's episode, IBC practitioners John Montoya and John Perrings discuss what separates the average Whole Life policy from an Infinite Banking designed Whole Life policy when it comes to the flexibility of deciding when to stop paying premium.
In the year 2020, the majority of people still believe Whole Life premiums need to be paid for life... but if what you thought was true turned out not be, when would you want to know??
We also discuss the important trade-offs and key takeaways to consider when deciding how long fund an IBC policy so you can determine what's best for your situation.
If you have questions or would like to set up a strategy session with one of the hosts, please visit www.TheFifthEdition.com.
Wed, 26 Aug 2020 - 1h 55min - 16 - 16: Taking Advantage of Human Life Value
In this week's episode of The Fifth Edition, we discuss how and why you should be taking advantage of your Human Life Value, especially as it pertains to the Infinite Banking Concept.
If you're thinking long range, you should not only be thinking 3 generations ahead but how you can start your next IBC policies. Take a listen and keep learning about Infinite Banking.
Your hosts are Authorized IBC practitioners and can be reached by visiting www.TheFifthEdition.com.
Wed, 19 Aug 2020 - 20min - 15 - 15: Whole Life Is Not An Expense
In today's episode we discuss Whole Life insurance to better understand the expense side of Whole Life policies and how it relates to the Infinite Banking Concept.
Whole Life can be the lowest cost coverage over time because the cash values grow to be more than the premiums paid. Should you really consider it an expense then? Tax and retirement expert Ed Slott doesn't think so. Neither do we.
Take a listen and decide for yourself.
If you have questions about Infinite Banking, you can contact the hosts at www.TheFifthEdition.com.
Wed, 12 Aug 2020 - 24min - 14 - 14: 3 Life Lessons IBC Teaches You About Money
When you practice Infinite Banking, you quickly learn how it's a complete change in perspective with how you view and manage your money.
In this week's episode we discuss the 3 most important life lessons that IBC has taught us about money that you won't learn by following the conventional financial models.
Take a listen and see if what we've learned about IBC can create value in your life.
Hosts John Montoya and John Perrings are both IBC Authorized Practitioners. To contact them with questions, please visit www.thefifthedition.com.
Wed, 29 Jul 2020 - 20min - 13 - 13: Do You Really Have a Whole Life Policy?
You might not believe how many people think they own a Whole Life policy when in fact they don't! In this episode of The Fifth Edition, we discuss how to know for sure what type of permanent life insurance policy you own and the reasons why it matters!
When it comes to owning permanent life insurance, there are multiple options that might sound the same but what is guaranteed and what is at risk could be a painful life lesson to learn at the wrong time!
Take a listen and be sure you know what you have!
For questions, please contact the hosts at www.thefifthedition.com.
Wed, 22 Jul 2020 - 19min - 12 - 12: Why You Should Avoid IBC
We are going to be counterintuitive in this particular espisode. We've discussed all the reasons why people should learn and get started with IBC in previous episodes. Now we flip the IBC concept upside down.
Why should you avoid IBC? We'll give you at least a handful of reasons. Listen in and see if you can relate to what we have to say!
For questions about Infinite Banking, be sure to visit www.thefifthedition.com where you can contact the hosts, IBC Authorized Practitioners John Montoya and John Perrings.
Wed, 15 Jul 2020 - 38min - 11 - 11: Life Insurance Policy Design
In today's episode we discuss the importance of having a life insurance plan customized to fit your unique situation. It's common to think of life insurance as a commodity but that's a huge mistake.
To maximize all the benefits of life insurance, whether or not you are pursuing Infinite Banking, your financial and health circumstances in addition to your individual goals will determine your best plan. Take a listen!
Wed, 24 Jun 2020 - 23min - 10 - 10: The Safety of Life Insurance Companies
In today's episode we have fun discussing the safety of the life insurance industry. For most people parking money in a life insurance contract seems like an odd thing to do but the life insurance industry is the bedrock of the financial system. Plus, it's a little known secret that banks put up to 25% of their tier 1 assets in cash value life insurance contracts even though they want you to buy mutual funds!
If the life insurance industry is safe enough for bank money, there's stand a good reason it's safe enough and a smart option for you, too.
We invite you tune out the "noise" and plug into why you should consider a portion of your safe money be parked within properly designed Whole Life insurance contracts to keep, grow, and ultimately pass on your wealth without taking unnecessary market risks.
To get more information Infinite Banking, you can contact the hosts at the www.thefifthedition.com.
Wed, 17 Jun 2020 - 35min - 9 - 9: Being Smarter About Reducing Debt
In today's episode we talk about debt reduction, interest rate vs. interest volume, prioriting which debts to pay off first, and whether it makes sense to prepay your mortgage.
If you have debt but would like to get started with IBC, reach out to us and let's explore how best to prioritize your cash flow. You can contact the hosts of The Fifth Edition at www.thefifthedition.com.
Thu, 11 Jun 2020 - 26min - 8 - 8: Choosing A Life Insurance Company & How Long To Long To Fund Your IBC PolicyWed, 27 May 2020 - 35min
- 7 - 7: How To Best Use Your IBC PolicyWed, 20 May 2020 - 29min
- 6 - 6: IBC as a Volatility BufferThu, 14 May 2020 - 17min
- 5 - 5: Understanding Paid-Up Additions
In today's episode, IBC authorized practitioners John Montoya and John Perrings discuss the value of Paid-Up Additions as it relates to the Infinite Banking Concept.
How does it work? How flexible is it? How long should you fund the PUA rider? These questions and more get answered in today's show.
If you have specific questions for the hosts, be sure to connect with them at www.TheFifthEdition.com.
Wed, 06 May 2020 - 28min - 4 - 4: Chasing Rate of Return
In this episode, IBC advisors John Montoya and John Perrings discuss rate of return as it relates to the Infinite Banking Concept. It's not what you think. In fact, it's way more. By learning about IBC you'll learn to re-think what you thought you knew about money.
The typical American is conditioned by Wall Street to chase rate of return and they never realize they are focusing their attention in the wrong place. Meanwhile, money disappears silently in the form of interest and principal payments paid to 3rd parties. Money never to be seen and used again. That's money making banks and Wall Street wealthy while you keep chasing the American dream.
To contact the hosts, please visit:
www.TheFifthEdition.com
Wed, 29 Apr 2020 - 30min - 3 - 3: Understanding Policy Loans
In this episode of The Fifth Edition, IBC practitioners John Montoya and John Perrings discuss policy loans from different angles. You'll learn why policy loans are beneficial to the IBC strategy, the different uses for policy loans, and how easy it is to get access to cash values to "be your own banker".
Also discussed is the vital importance of the banking function in your life and why you must take back control of your banking function from traditional banks so you can grow wealth safely and on your terms.
Lastly, John and John will discuss the importance of "Being an Honest Banker" when practicing Infinite Banking and why you shouldn't steal the peas!
To contact the hosts, please visit www.thefifthedition.com.
Wed, 22 Apr 2020 - 27min - 2 - 2: IBC Myths and Misconceptions
In this episode of The Fifh Edition, IBC authorized practitioners John Montoya and John Perrings discuss the most common myths and misconceptions the public has about the Infinite Banking Concept and Whole Life insurance policies.
Most frequently asked questions and objections include:
Why haven't I heard about this before?Why aren't more people doing this yet?Whole Life is too expensiveIt's a horrible investmentYou have to pay premiums for lifeWhole Life has no flexibilityBuy term and invest the differenceI'm too old to get startedI don't need life insuranceWhy do I pay interest to borrow my own money?Take a listen and discover what 2 industry experts have to say as they pull back the curtain on Infinite Banking so you can discover for yourself the best kept secret in financial planning!
Wed, 15 Apr 2020 - 47min
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