What if we told you that most people don't know why they do what they do? For some people this may be obvious, but the majority are woefully unaware of what drives their thoughts and actions. Join Doug and John for a dive into the mechanics behind the ways our brains are programmed to operate from a very early age and why this is critical to overcome when creating a lifetime financial strategy. "Somehow or another, it never dawns on most financial gurus, that you (can)control the financial envir...
Sep 08, 2023•27 min•Ep. 20
We often have clients that run this strategy by their accountants or financial planners- we typically get some odd feedback that demonstrates a complete and fundamental lack of understanding of whole life insurance as a product. This generally doesn't come from a place of malice, but simply from lack of understanding. We're often successful at educating those professionals and seeing a switch in their attitude toward the product as a valuable addition to their client's financial plan. "The Infin...
Sep 01, 2023•21 min•Ep. 19
If we were to say that someone "financed" a purchase, almost everybody would picture filling out paperwork at the car dealership, an application online somewhere, or going down to the bank. Would you be surprised to learn that those people disciplined to save up cash for a purchase are also financing that purchase? Come join us to find out why! This is the "very first principle" in the book Becoming your Own Banker, and is critical to understand for anyone wanting to incorporate IBC into their f...
Aug 25, 2023•30 min•Ep. 18
We've mentioned it many times on the show so far- mutual insurance companies are likely the safest, least leveraged, most financially well managed companies on the planet. By necessity. They are in the business of managing financial risk across of the span of decades, or even more than a century. Although we've mentioned this many times, we wanted to delve into this further for our listeners and provide some examples of just how ready these companies are to weather any storms to come, known or u...
Aug 18, 2023•28 min•Ep. 17
On the surface, an IUL seems like it could be a good fit for the Infinite Banking process. It's often classified as a "permanent" life insurance product, it has accessible cash value which can be collateralized via policy loans, and it might even grow more quickly than a tradtional whole life product! Come join us as we lay out the basics of how IUL's work, and then present an informed opinion as to whether they're the ideal choice of financial vehicle for someone looking to begin practicing the...
Aug 11, 2023•40 min•Ep. 16
Paying cash for big ticket items is the epitome of the American dream, right? While satisying, and indicative of great financial discipline, it leaves the payor with a depleted pool of capital and largely places them in no better a position than someone who finances items from a financial institution. Come join us as we discuss the pros and cons of paying cash vs. borrowing, and delve into the merits of using a banking system capitalized within a whole life insurance policy to finance our lives....
Aug 04, 2023•28 min•Ep. 15
Thank you to our listener Lucas for asking us to spend some time looking at how we both have used our policies, and how our mindset has changed since implementing the IBC. Join Doug & John for a dive into how their policies are improving both their lives, and those of their clients on a daily basis. "There is no such thing as "having too much money in the bank." Wealth must reside somewhere. What better place to have it reside than here. - R. Nelson Nash, Becoming Your Own Banker, Unlock the...
Jul 28, 2023•39 min•Ep. 14
An age old question- we think the traditional advice of deferring taxes down the road may not be the smartest strategy. Join us to find out why! "If you knew at passive income time , that you would be getting back everything that you paid into a system- tax free - would you object to putting more money in it?" - R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Control Capital Solutions Email: dmackenzie@controlcapitalsolutions.co...
Jul 21, 2023•25 min•Ep. 13
Join authorized IBC practitioners, Doug and John, as they walk listeners through this illuminating concept outlined in the book "Becoming Your Own Banker" "This is going to require a change in priorities in life and recognizing that controlling the banking function personally is the most important thing that can be done in your financial world." - R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Control Capital Solutions Email: d...
Jul 14, 2023•22 min•Ep. 12
Parkinson's Law, Willie Sutton's Law, The Golden Rule, The Arrival Syndrome, and Use it or Lose it. What do these terms have in common? They are outlined in the book "Becoming Your Own Banker, Unlock the Infinite Banking Concept", by R. Nelson Nash, and they describe the mentality required to succesfully implement and practice the Infinite Banking Concept All too often, clients want to jump into starting a policy without fully understanding the crucial mental foundation required to practice this...
Jul 06, 2023•44 min•Ep. 11
Join authorized IBC practitioners, Doug and John, as they walk listeners through one of their most frequently asked questions: "Am I too old to implement this?" Thank you to our listener Max for reaching out with this question as it was a good reminder to address this topic. "Above all, get started now. The longer you wait, the more you have penalized yourself" - R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Control Capital So...
Jun 30, 2023•16 min•Ep. 10
Join authorized IBC practitioners, Doug and John, as they walk listeners through Convertible Term Policies. Thank you to our listener Shawna for asking us to cover this. We often recommend this as a tool to our clients who may not be able to pay whole life premiums on their first, or subsequent policies, but want to contractually lock in their insurability. This is one of the most important things a user of IBC can do to ensure life long use of their banking system! If you cannot purchase your t...
Jun 24, 2023•20 min•Ep. 9
Most Americans are used to putting their money in vehicles with strict rules, finite modes of operation, and unknown future outcomes. Most would likely not associate an insurance policy with owner-friendly flexibility, however, a correctly structured dividend paying whole life insurance policy provides the owner with complete control via a multitude of contractually guaranteed options and riders. Join authorized IBC practitioners, Doug and John, as they walk listeners through the incredibly flex...
Jun 16, 2023•29 min•Ep. 8
For the vast majority of non-corporate users of whole life insurance policies, the modified endowment contract (MEC) is something to be avoided like the plague as it means losing nearly all of the tax advantages of whole life insurance. Like going from a cucumber to a pickle, once a policy becomes a MEC, it cannot be undone. Join Doug and John, your New England area authorized IBC experts, for an explanation of this IRS classiciation of insurance policies as well as a brief dive into the controv...
Jun 09, 2023•23 min•Ep. 7
Most people are familiar with dividends as they pertain to stocks; a taxable distribution of profits by a corporation to its shareholders. While they may share the same name, dividends from a whole life insurance policy are diffent, and superior in many ways. Join Doug and John, your IBC experts, for an exploration of whole life insurance dividends. Learn about their advantageous tax classification, ways in which they can be distributed or reinvested, and how they can power exponential growth in...
Jun 02, 2023•32 min•Ep. 6
Did you know that you can create your own privatized pension plan utilizing a well-designed whole life insurance policy? The "savings plans" used by the vast majority of Americans are not actually savings plans. Relying on investments to carry us through retirement years is putting faith in the idea that past performance is an indicator of future unkown results. We think we have a better way! Join authorized IBC practitioners, Doug and John, as they explore this topic in detail with some real nu...
May 26, 2023•36 min•Ep. 5
One of the most frequently asked questions by new clients is " how much premium can I pay? ". Join Doug and John, authorized IBC practitioners for an answer to this question. Funneling as much premium into a policy is important, but simply getting started is the key! "It never dawns on most financial gurus that you can control the financial environment in which you operate. Perhaps it is caused by lack of imagination, but whatever the cause, learning to control it is the most profitable thing yo...
May 20, 2023•28 min•Ep. 4
Join Doug and John, your IBC experts, for an exploration of why Nelson chose whole life insurance as the preferred vehicle for The Infinite Banking Concept® From it's unparralleled tax advantages, to it's unique felixibility and gaurantees, whole life insurance is the ideal vehicle for practicing the Infinite Banking Concept®. Learn why it is different from term insurance, why premiums aren't actually "expensive", and finally, explore the overall mechanics for an understanding of why it's the mo...
May 20, 2023•29 min•Ep. 3
Join Doug and John, your IBC experts, for a simple explanation of simple concept that most people tend to overcomplicate- The Infinite Banking Concept® The Infinite Banking Concept® (IBC) is about creating your own personalized banking system. The ideal vehicle is high cash value, dividend paying whole life insurance. When implemented correctly, the money in the policy can begin doing two jobs instead of one. Having an ever-growing base of capital ready to deploy outside of the policy is what ma...
May 19, 2023•26 min•Ep. 2
To kick off the podcast, Doug and John provide a cursory overview of how they discovered the Infinite Banking Concept (IBC) as well as provide a general overview of this supremely advantaged, relatively unknown strategy. Learn how you can incorporate the IBC into your life and existing financial plan to create a rock-solid foundation for your money. “ Wealth has got to reside somewhere. Where would you prefer to have it reside ?” – R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Ba...
May 12, 2023•42 min•Ep. 1
