In this episode Chris interveiws Mike Crawford, again. Four years after the original interview, Chris and Mike catch up on what has changed since that recording. The topics include, how Mike’s role has changed within LSL, family updates and policy design! This one is definitely worth a listen. The post Re-Interviewing Mike Crawford appeared first on Life Success Legacy ....
In this episode, Mike Crawford interviews the newest team member of Life Success & Legacy, Mike Kwong. Many of you may already remember an interview Chris did with Mike and his wife Pei back in 2019. Since that interview, Mike has steadily become a more integral part of the LSL team and together Mike and […] The post Interview with Mike Kwong appeared first on Life Success Legacy ....
In this episode Mike and Chris discuss the chapter in Nelson’s book titled, “What if I am uninsurable?” This is a super common question we get from clients and potential clients. This chapter discusses how you can still get an IBC plan going, even if you happen to be uninsurable. Listen as Mike and Chris […] The post What if I am uninsurable? (The lost episode) appeared first on Life Success Legacy ....
In this episode, Mike, Chris and Mike C go into detail about wind current. Many times at boot camps, or other events and coaching sessions, people point out how invested we are in turning the wind current. We discuss the reasons behind our passion for turning the wind current as well as discuss the tool […] The post What’s the deal with Wind Current? appeared first on Life Success Legacy ....
In this episode Mike and Chris revisit policy loans. More specifically, they discuss the name and how it has caused confusion in the Infinite Banking world. Nelson’s chapter ‘Creating the Entity’ plays a big part of this podcast. Listen to see how the Life Success & Legacy team works to scrub the language and make […] The post Policy Loan… is that the right name? appeared first on Life Success Legacy ....
In this episode Mike Everett, Chris Bay and Michael Crawford take a look back at where the podcast started and where it’s at, how IBC has changed in Everett’s 17+ years and our commitment to our clients and the principles Nelson left us. The post Life Success & Legacy’s 100th Episode! appeared first on Life Success Legacy .
In this episode, Mike & Chris dive into another frequent question, Investments. But not the way you’re thinkinig of investments. Nelson starts off Becoming Your Own Banker by stating, “This book isn’t about investments of any kind… [but] it’s about how one finances the things of life…” right? However, the last half of that sentence […] The post IBC for investments? appeared first on Life Success Legacy ....
In this episode Mike and Chris walk through another popular Boot Camp question; dividends. There are many different schools of thought on the topic of direct vs non-direct when it pertains to the dividends of your Infinite Banking policy. Throughout this episode, Mike and Chris refer to several sources, including Nelson himself, to ‘demystify’ dividends […] The post Dividends: Direct vs Non-Direct appeared first on Life Success Legacy ....
In this episode, Mike and Chris go over another very popular Boot Camp question; Where are the risks? Often times, when people begin exploring Infinite Banking, it seems ‘too good to be true’ at times. Thus, the question of risk immediately pops into our head! Take a listen to what Mike and Chris have to […] The post Where is the risk in my Infinite Banking Plan? appeared first on Life Success Legacy ....
In this episode, Mike and Chris tackle another very common boot camp question. This one deals with multiple aspects of Infinite Banking, namely think long term. Because in order to see the benefits of franchising, you have to think beyond the first policy. Listen and let us know how you have or plan to implement […] The post What’s the deal with Franchising? appeared first on Life Success Legacy ....
In this episode, we tackle another boot camp question that comes up all the time, and has for years. Why isn’t Infinite Banking more popular, or why aren’t more people doing this? A few years ago, we addressed this question and now Mike and Chris are back to update our listeners. (Spoiler, the answers are […] The post Why isn’t Infinite Banking more Popular? appeared first on Life Success Legacy ....
As we embark on the next phase of the LSL podcast, we shift from Nelson’s Becoming Your Own Banker and begin diving deeper into questions that we get repeatedly at our live or virtual boot camps. The first one is how to get started! Becuase Infinite Banking is so vastly different than what we’ve been […] The post How to get started with Life Success & Legacy appeared first on Life Success Legacy ....
Our two year adventure of walking through Nelson Nash’s Becoming Your Own Banker is at an end. In this episode, Mike, Chris and Mike C go over the journey and talk a little about the books that have inspired them along their IBC journey! Below is a list of the books we mentioned! (in no […] The post Wrapping Up – BYOB #39 appeared first on Life Success Legacy .
As we near the end of our book walk through Nelson’s Becoming Your Own Banker, Mike and Chris review the Points to Consider. There are seven topics that, in one page, Nelson imparts his wisdom. Listen as Mike and Chris expand upon this wisdom with a bit of their own! The post Points to Consider – BYOB #38 appeared first on Life Success Legacy .
In this episode Mike and Chris dive into Nelson’s viewpoints on the monetary value of college. This isn’t a chapter that we spend a lot of time on, but it is a valuable chapter. Like most of Nelson’s book, this topic is intended to make you stretch your thinking and challenge the ‘status quo’. We […] The post A Different look at College – BYOB #37 appeared first on Life Success Legacy ....
In this episode Mike and Chris discuss an extremely important chapter, not only to Nelson, but to them as well. This chapter is where the inspiration for Chris Bay’s book Family Banking with Purpose came from. Take a listen to hear how it has shaped their Infinite Banking journey and how they have used this […] The post Even Distribution of Classes – BYOB #36 appeared first on Life Success Legacy ....
In this episode Mike & Chris tackle one of the biggest hurdles to many people truly understanding Infinite Banking; rates of return. In fact, Chris discusses his own struggles with this prior to his family diving into IBC. We believe that when this chapter begins to make sense, you are well on your way to […] The post Higher Rate of Return – BYOB #35 appeared first on Life Success Legacy ....
In this episode, Mike and Chris dive into the Cost of Acquisition. Nelson uses the anecdote from Lee Iacocca’s book ‘IACOCCA’ to explain how difficult, and costly, it can be to play the games of banks. This paints a perfect picture of why Infinite Banking provides ultimate autonomy to YOU the policy owner. Why you […] The post The Cost of Acquisition – BYOB #34 appeared first on Life Success Legacy ....
In this episode Mike and Chris talk in depth about Nelson’s feelings surrounding ‘retirement’. As we all know, Nelson had very strong opinions about several things in life, and this is no different. Take a listen to this longer-than-normal episode to learn what Mike and Chris take away from this chapter, and how it applies […] The post The Retirement Trap – BYOB#33 appeared first on Life Success Legacy ....
In this episode Mike and Chris dig into the capitalizing and implementing your system chapter. This is a transitional chapter from the more foundational and technical aspects of Infinite Banking into application and ways to stimulate your imagination. While this is only a one page chapter, there are several important things to consider. Nelson is […] The post Capitalizing Your System and Implementation – BYOB #32 appeared first on Life Success Legacy ....
In the last episode, Mike and Chris wrapped up the equipment financing section… almost. There were some that had concerns over the very high dividend scale from when the book was originally published. So Nelson decided to present a new illustration representing a more conservative dividend scale. Listen to see how the numbers turned out. […] The post Equipment Financing – Addendum – BYOB #31 appeared first on Life Success Legacy ....
In this fourth and final episode of the equipment financing section, Mike and Chris unpack the big picture of this section. It’s long, but 100% worth it. Remember it’s the Infinite Banking Concept, not the one size fits all concept. If you grasp this section, the possibilities are endless! Enjoy! The post Equipment Financing – Part 4 – BYOB #30 appeared first on Life Success Legacy ....
Mike and Chris continue working through the equipment financing section of Neslon’s Becoming Your Own Banker. This portion is where you truly begin to see the power of Infinite Banking and how it has nothing to do with the insurance policy, but has everything to do with the owner of the policy. If you’re hung […] The post Equipment Financing – Part 3 – BYOB #29 appeared first on Life Success Legacy ....
In this episode, Mike and Chris go deeper into the equipment financing chapter of the book. Which is beginning to transition away from the individual application of Infinite Banking into strategies suited for businesses. Join as Mike and Chris unpack this complex section of Nelson’s book. The post Equipment Financing – Part 2 – BYOB#28 appeared first on Life Success Legacy ....
In this #tbt podcast, Mike Crawford is the subject! We dive into the way he got introduced to Mike Everett, his immersion into Infinite Banking and the story of how he and his family are implementing IBC. We hope you enjoy this deep dive with another of our teammates! Mike Crawford interview transcript. Chris Bay: […] The post Interview with Mike Crawford appeared first on Life Success Legacy ....
In this very special episode, Mike Crawford interviews author Chris Bay about his new book, ‘Family Banking with Purpose.’ In his book, Chris uses relatable circumstances that we have all been through. These scenarios can be used to help families implement Infinite Banking in their lives and create financial freedom. Pick up a Kindle copy […] The post Family Banking with Purpose: An interview with Author Chris Bay appeared first on Life Success Legacy ....
Mike and Chris are digging in for this multi-part podcast on Equipment Financing. For those of you who wanted numbers, here it is. This chapter really starts unfolding the benefits of using Infinite Banking by providing multiple examples of the same situation. This episode is foundational, you may want to listen twice! The post Equipment Financing – Part 1 – BYOB #27 appeared first on Life Success Legacy ....
In this episode, Mike and Chris go into one of Nelson’s most intriguing chapters and, for that matter, opening sentences of a chapter. If you’re a veteran follower of the Infinite Banking Concept, you know what it is. For those who are new, you’ll have to listen to find out! The post Expanding the System to Accommodate all Income – BYOB #26 appeared first on Life Success Legacy ....
In this #tbt podcast that originally aired March of 2018, the reigns are taken from Chris Bay and handed to Michael Crawford! We drill down into how Chris and his family got started, where they had taken IBC up to that point and more! Take a listen and see where Chris was three years ago […] The post Interview with Chris Bay appeared first on Life Success Legacy ....
Mike and Chris work through the second half of this awesome chapter by going in to depth on Nelson’s vehicle purchase example. They drill down into the C/D method and the Infinite Banking method, since they are the only two ways to be ahead in the scenario. What might surprise you is the difference financially. The post Start Building Your Own Banking System – Part 2 – BYOB #25 appeared first on Life Success Legacy ....
