In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: Traits that student of IBC must have to succeed Examples of how new students utilized IBC to get the best return on their money Practicing what they preach and give examples of how they’ve used their personal systems Key Takeaways: Always be learning about money and building wealth Be action oriented, practice using your system Be coachable and get a coach that is passionate and knowledgeable Be creative with how you use your sy...
Sep 10, 2019•34 min
In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: Frequently asked questions from clients about infinite banking Mistakes that students make when first starting out The impact Infinite Banking can have on your wealth building strategies Key Takeaways: Look at what rich people are doing and model it, these strategies have been around 150+ years Once you are done with Becoming Your Own Banker, read Extreme Ownership by Jocko Willink and Leif Babin on how to apply leadership strat...
Sep 10, 2019•34 min
In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: Nelson’s impact on the industry and in the lives of his mentees Why many advisors don’t practice Nelson Nash’s teachings How Nelson’s brush with death caused him to dedicate his life to this work How the client’s thinking shifts once they understand infinite banking Key Takeaways: Nelson taught that the way to increase your success with clients is to have their best interest in mind and not be concerned with what your commission...
Sep 10, 2019•23 min
In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: How Nelson taught them his knowledge How Nelson challenged them to become mentors like Nelson was to them The impact of Nelson's stories Nelson's system of operations for when he passes Key Takeaways: What growth entails, deconstructing what you've learned and relearning Government expanding their impact, infringing on the capacity of the businesses "A luxury once enjoyed becomes a necessity" Accumulation of books that were insp...
Sep 10, 2019•31 min
In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: Infinite banking method Bonus rule is rethink your thinking How to begin thinking like a business owner versus an investor The most overlooked/misunderstood part of the book Key Takeaways: Hope is not a financial strategy Economics is the science of human behavior as it relates to the distribution of scarce resources Clients need to take control of the decision making process so they can arrive at a state of freedom Meet with cl...
Sep 10, 2019•28 min
In this episode, Jim Oliver, Justin Craft, and Joe Pantozi discuss: How one can change their thinking How understanding the problem leads to an easy solution Building a system of policies leads to higher confidence Nelson being a mentor and having the answers to any inquiries to new businesses Key Takeaways: Building certainty for clients using the methods introduced by Nelson Turning business models in accordance with Nelson's method Change messaging to "changing thinking, changing lives" You c...
Sep 10, 2019•30 min
In this episode, Jim Oliver and Nick Kosko discuss: How to be your own banker How much one should spend on a certain category with their finances Being fluent in the concept prior to understanding the minute details Understanding the nuances of rates and interest Key Takeaways: The all American family has the ability to be their own banker After tax money should be spent on 20% on transportation 30% on housing 45% on standard living, finance them by paying cash for them If you don't save minimum...
Sep 06, 2019•26 min•Ep. 41
In this episode, Jim Oliver and Gary Schneeberger discuss: How to take what you do and find levers that will exceed and upset expectations How clients can take control over their interview Third party affirmations How to get your message out Key Takeaways: The goal is to capture stories that go beyond what's expected and surprise people take people by surprise , arrest their attention, and exceed or upset their expectation. The journalist needs the client more than the client needs the journalis...
Aug 30, 2019•34 min•Ep. 40
In this episode, Jim Oliver and Nick Kosko discuss: Economic Value Added, adding value to capital Insurance companies and the science and logistics behind creating policies Insurance companies and calculating people's risk factors Banking function and how the relationship plays out Key Takeaways: Finance everything that you buy, either pay interest to someone else or lose interest that you could've earned otherwise Insurance companies have more money on hand As we age, we become less efficient w...
Aug 23, 2019•32 min•Ep. 39
In this episode, Jim Oliver and Tyler Chesser discuss: How Tyler gained insight into real estate without knowing anyone in the business How coaching has contributed to his success The unique strategies that set his business apart At the end of the day, you have to identify the outcome - start with the "why" and what exactly you are looking for Key Takeaways: Tyler identified real estate as a venue that allowed him to take control One of the books that he read early on was Robert Kiyosaki's Rich ...
Aug 16, 2019•32 min•Ep. 38
In this episode, Jim Oliver and Nick Kosko discuss: Average retirement age and mortality rates Modified Endowment Contracts Insurance's process of establishing minimum and maximum premium rates Term insurance Key Takeaways: Insurance companies will increase to adhere to the likelihood of one's own survival Between minimum and maximum, there are infinite amount of premiums that the insurance companies can charge Government was encouraging people to put money into qualified plans, deferring or pos...
Aug 09, 2019•28 min•Ep. 37
In this episode, Jim Oliver and Nick Raithel discuss: Writing books and creating wealth. Why writing a book can make you stand out from the crowd. Benefits of having your own book, including opportunities created from the book. The 7-hour book. Key Takeaways: A book can be a way to breakaway in your pursuit of wealth or in your business objective. Writing something that comes from your own background and keep it simple. You’re not trying to write Moby Dick or the masterpiece of your life. You’re...
Aug 02, 2019•27 min
In this episode, Jim Oliver and Nick Kosko discuss: The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash. The Golden Rule Principle. The Arrival Syndrome and how people fall into it then overcome it. The illusion of knowledge. Key Takeaways: Capital has a cost – but it also is a responsibility and should be treated with great respect. You have never arrived – you are always learning, always growing, always a student. Don’t think you know everything because you know a...
Jul 26, 2019•21 min
In this episode, Jim Oliver and Nick Kosko discuss: The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash. Expenses expand to equal our income Willie Sutton's law- Wherever wealth is accumulated, someone will try to steal it The IRS takes your money to give to the Treasury to pay to the Federal Reserve for all the money they're borrowing Key Takeaways: We need to overcome Parkinson's Law to succeed If you can overcome Parkinson's Law, you will win by default, and you ...
Jul 19, 2019•22 min
In this episode, Jim Oliver and Steve Olsher discuss: Helping people find their core gift, primary vehicle, and people to serve. The power of forgiveness and discovering what you may want to do in life. The lifestyle, choices, and freedom money provides. Key Takeaways: Starting with identifying your innate interests and working through some exercises will provide a clear understanding of what your core gift is. Forgive fast in business, holding onto anger will make you bitter and consume you. To...
Jul 12, 2019•30 min
In this episode, Jim Oliver and Nick Kosco discuss: Becoming Your Own Banker by R. Nelson Nash and how to apply its principles. Actuarial science basics and insurance company’s methods for assessing risk ratings. Why the financial risk of whole life insurance shifts from the policy owner to the insurance company. How to choose your primary needs; finances or death benefit protection. Key Takeaways: The unilateral contract with the insurance company can be changed at any time, but not by the insu...
Jun 28, 2019•31 min
In this episode, Jim Oliver and Domenic Rinaldi discuss: Market acquisition strategies and owner engagement of potential sellers. The new client interview process and how to identify a buyer's goals and interests. The flexible terms of SBA loans and the average rate of returns for small business transactions. Key Takeaways: SBA loans offer more flexible terms over conventional loans, including amortization schedule, down payment, and interest rates. It requires 100-300 targets to complete one to...
Jun 21, 2019•27 min•Ep. 31
In this episode, Jim Oliver and Hunter Thompson discuss: Investing in real estate and what types of property are in demand even when the economy is down What institutional-grade property is and how you can invest in it The risks and rewards of passive versus active investments Key Takeaways: Diversify so that even when the economy is down your overall portfolio continues to create cash flow Passive investment vehicles offer low risk as long as you collaborate with the right partners Education sh...
Jun 14, 2019•33 min
In this episode, Jim Oliver and David Osborn discuss: The concept of two sides of the river and the risks of never crossing to the other side. The importance of working through others and hiring team members who want to make a difference and put in the effort. Negative thinking and the importance of goal setting and visualization. Key Takeaways: Positive thinking is powerful; the human brain is unable to distinguish the difference between negative and positive thoughts. The way to increase the j...
Jun 07, 2019•26 min
In this episode, Jim Oliver and Park Howell discuss: The proven Story Cycle system implementation and clarifying your story. How transitioning a corporation’s brand through storytelling results in substantial growth. Understanding the ten steps in the Story Cycle and how to elevate your brand. Key Takeaways: The Goodwill Store, telling their brand story increased its growth by 400% in five years. Our brain is not a logic processor. It's a story processor; you have to put it into context before l...
May 31, 2019•46 min
In this episode, Jim Oliver and Nick Kosko discuss: The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash . The importance of understanding the process of banking and its importance to our wellbeing. The financial principles of the grocery store. Key Takeaways: The amount of control that you take over your finances determines how successful you are, how prosperous you are, how much abundance you have in your life. Unlike most consumers, banks know how to get what they...
May 24, 2019•28 min
In this episode, Jim Oliver and Kerry Lutz discuss: Governmental intervention and the disasters that often occur. Government’s persuasion by environmentalists and the resulting devastation of the Northern California wildfires. How the youngest generation's lack of financial education is contributing to enslavement by banks and the government. Key Takeaways: Always live beneath your means as there will become a day where you can no longer earn your income. The government doesn’t have to follow it...
May 17, 2019•36 min
In this episode, Jim Oliver and Giuseppe Grammatico discuss: The “Why” behind beginning a business and its importance as a first step. The strategic advantages of purchasing a franchise rather then starting a business independently. Understanding the process of entering the franchise ownership market and finding the right fit. Key Takeaways: The basic financial investment for a franchise is $35k to $40k There are two types of individuals who have franchises. One type are individuals who have nev...
May 10, 2019•36 min
In this episode, Jim Oliver and Nick Kosko discuss: The continued and ongoing relevance of Becoming Your Own Banker by R. Nelson Nash. Asking your own “compared to what” scenarios. The CD Sister versus the IBC Sister. The universality of Infinite Banking for everyone. Key Takeaways: Everyone has money flowing through their hands- how are you going to use your imagination and make the money work for you? Infinite Banking is a process, not a product. The concept is simple, but simplicity is elusiv...
May 03, 2019•29 min
One way to avoid the high risk of Wall Street is to invest your money and time in your own business. How can you get your business started if you’re inexperienced in running one? What are the benefits of investing in real estate as a business, and how do the risks compare to other ventures? Join me as I discuss these questions with Greg Dickerson, an expert on real estate and entrepreneurship. Hire an expert and get them to teach you how to run your business . -Greg Dickerson Three Things We Lea...
Apr 12, 2019•36 min
When it comes to real estate investing, what steps can you take to ensure you’re making the right decisions? How can you invest in such a way that you’re eliminating at least some of the risk? On this episode, I talk with Vice President of GroCapitus, Anna Myers, to discuss the benefits of owning multi-family properties and investing in ‘opportunity zones’. She shares valuable advice for seasoned investors and those just starting out! The most important thing is paying attention to how you pick ...
Apr 04, 2019•42 min
One of the most powerful paths to financial freedom is real estate, and just about anybody can do it. What are some of the misconceptions people have about investing? Why is raising money for real estate a lot easier than people think? What are the biggest mistakes investors make? On this episode, real estate investor, entrepreneur, and author, Mike Conlon shares on his path to financial freedom and why real estate is the perfect wealth-building vehicle. If you start small, it’s hard to make a b...
Mar 28, 2019•36 min
In the IBC system, there are different levels at which you can make use of your own bank to help you build wealth. What is one basic plan you can implement? How do you implement the more advanced fundamentals of the system? On this episode, Nick Kosko and I discuss IBC strategies that can keep your business standing, why the bank isn’t your friend when it comes to financing, and how to gain control. The debtor and saver let the bank control their situations. The wealth builder is in control. -Ji...
Mar 21, 2019•36 min
One of the most powerful books that inspires us in what we do is The Richest Man in Babylon by George Samuel Clason. What lessons does the book teach us, and how can we apply them in our finances and our lives in general? On this episode, I’m joined by a very special co-host, my colleague Steve Scollard, and we share on why this book is such a game changer. Your money has a value and a cost, and treating it as though it doesn’t violates economic value added. -Jim Oliver Three Things We Learned F...
Mar 14, 2019•37 min
If your goal is to achieve financial freedom, you’re probably already aware that you need separate yourself from the conventional path. The difficulty lies in the fact that so much of the information we receive is intended to keep you in line with the status quo. How do you identify the misinformation? Are there ways to avoid conforming despite the inundation of rigged ‘facts’? On this episode, I speak to Nick Kosko and Matt Johnson to identify what is simply not true. To be extraordinary we can...
Mar 07, 2019•22 min
