A note on social security sourced from zero hedge: "The program's payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to the latest annual report by Social Security's trustees, the gap between promised benefits and future payroll tax revenue has reached a staggering $59.8 trillion. That gap is $6.8 trillion larger than it was just one year earlier. The biggest driver of that move wasn't Covid-19, but rather a lowering of expected fertili...
Apr 05, 2024•35 min•Ep. 50
"At this point, we turn to the matter of ownership of the policy (or policies). The company, a corporation, should not own it. He can improve the wealth building effects of the whole scenario by owning the policy, himself, and lease the equipment to the corporation, making sure that he has charged a lease payment that is the highest possible. By doing it this way, he can have an interest deduction for the policy loans used to purchase the equipment (the loans are for the leasing business purpose...
Mar 29, 2024•36 min•Ep. 49
It is said that a lie becomes the truth, if it is repeated enough with one another. Without investigation, the truth is often hidden in plain sight. “ In the late 1500s,the Conquistadors of Spain were down in South America (in what is now Peru) looking for gold. They didn’t find much gold but they did find a plant that they took back to Europe. It was the potato! The strange thing is that the Europeans went from a condition of thinking that the potato was poisonous (b/c it comes from a plant fam...
Mar 22, 2024•29 min•Ep. 48
If you understand what's really happening, you'll know what to do. - Another Nelson adage that hits home. Join Doug & John as they discuss the precarious nature of the current banking system, why it'll never work for YOU, and why they recommend creating a tax advantaged banking system in your control using whole life insurance. “ But, upon reading the contract (the policy) you will find it plainly stated that the Owner outranks every potential borrower in access to the money that must be len...
Mar 15, 2024•41 min•Ep. 47
“Not too many people are familiar with the concept of getting better no matter what, so let’s look at the airplane world for help. Imagine that we are going to make a very long flight on a Boeing 747, so we load it with all the fuel that it will hold. This makes it capable of flying about 10,000 miles. By the time we fly 8,000 miles, the plane will now be able to do things it would never attempt to at takeoff. This is because we have burned up an enormous quantity of fuel and the airplane weighs...
Mar 08, 2024•30 min•Ep. 46
When Nelson Nash ran into his “imperfect storm”, he always wished he’d put more coverage on himself as he would have had more cash value to access in that time of financial struggle. In perfect Nelson style he uses a comical story about his brother- which Doug and John expand upon in this week's episode. Connect with Doug MacKenzie: Website: Control Capital Solutions Email: dmackenzie@controlcapitalsolutions.com Connect with John Fox Ward: Website: Nash Cashflow - The Nash CashFlow Group Email: ...
Mar 01, 2024•30 min•Ep. 45
"If you were in command of the banking function, you do not have to go through all this (bloodletting). The Infinite Banking Concept does exactly that! You can make timely decisions. There is no cost of acquisition. You are in competition with others you must go through the (bloodletting) that has been outlined. Guess who wins?” -R. Nelson Nash, Becoming Your Own Banker, page 68 Connect with John Fox Ward: Website: Nash Cashflow - The Nash CashFlow Group Email: John@nashcashflow.com Connect with...
Feb 23, 2024•40 min•Ep. 44
After over 40 episodes we figured it was time to return to our roots and spend some time talking about exactly what the Infinite Banking Concept is at its core! “now you are finally in business as a bank. You must make your bank known by lots of advertising and inducing people to make profit deposits to your bank. Why do you think they would deposit the money with your bank when they could easily do business with establish banks that have been there for years? Right! You were going to have to pa...
Feb 17, 2024•49 min•Ep. 43
As with many things in life, there are no hard and fast rules. We have options. We can design a road forward in many meandering ways. If we can see the consequences ahead of time we may choose to avoid certain paths in designing the policy that is right for you. On this episode we discuss the consequences of dumping in a lump sum of cash in the first year of a policy. There is no hard and fast rule as to whether it's a good idea- but we think that in most situations it is a long term detriment a...
Feb 09, 2024•31 min•Ep. 42
The Paid Up Additional Insurance rider, or PUA, as it's generally referred to is a critical component of policy design that allows whole life users to begin implementing the infinite banking concept immediately. We've discussed this wonderful rider many times in previous episodes, but are still getting a lot of questions from our clients on this, so we figured it was time to devote some more air time to this one! “When using this type of life insurance to solve your need for banking, we will de-...
Feb 02, 2024•31 min•Ep. 41
For our 40th episode, we're going to challenge our listeners to RE-THINK their thinking. Enough said! “So what kind of financial strategies should you be using in your financial world? Should you be doing the same common things that everyone else is doing? Or should you maybe be doing things differently? The good news is that some of what I ‘know that I know’ is currently sitting in your blind spot. So, by sharing what I know, I hope to help you to expand that which you know. “ -Bryan S. Bloom, ...
Jan 26, 2024•46 min•Ep. 40
It's incredibly difficult to assess a financial instrument without first looking at "what's the rate of return". We've been trained to do this our entire lives. Nelson really pushed the idea that the Infinite Banking Concept is not about rates of return. It is NOT an investment. It is a tax advantaged savings account with a truly unsecured line of credit, and a growing death benefit. However, just to have some fun, your hosts decided to delve into the discussion of rates of return! "...but, hard...
Jan 19, 2024•30 min•Ep. 39
Anyone who has read the book "Becoming Your Own Banker" is familar with the adage "think long term". Whether stated explicitly or insinuated implicitly, this concept pervades the book and is one of the building blocks of succesfully implementing and adhering to a lifelong practice of infinite banking. The problem that we see (and that we ourselves sometimes experience) is that most are not actually thinking long term, even if they think they are. Join your hosts as they attempt to redifine exact...
Jan 12, 2024•35 min•Ep. 38
We received a question from a listener that we felt was worth deliving into- "Why dont you talk more about annuities?". It's not that theres anything wrong with annuities, but we feel that a properly designed whole life policy can essentially accomplish everything an annuity can while also providing a whole host of other benefits. That being said, it's not a cut and dry answer, so come join us to find out more! "There are times when purchasing an annuity product instead of a whole life product i...
Jan 05, 2024•23 min•Ep. 37
Join John & Doug as they delve further into a topic discussed earlier in the year- convertible term insurance. When whole life premiums aren't a good fit for your current situation, but may be in the future, a convertible term policy is the solution. Lock in your insurabilty and know that you have the contractual right to convert to a quality whole life policy when your finances allow. "There is a provision that allows you to convert your term policy to a permanent life insurance policy with...
Dec 29, 2023•21 min•Ep. 36
The Infinite Banking Concept is a lifelong process, so the insurance agent you choose for your next policy will be your agent for as long as you or they are alive. It's a decision that shouldn't be made lightly. That agent is there not only to design and implement your policy, but also to walk that journey with you over the years- to answer questions, guide you on how to best utilize the policy, etc.. Join John and Doug as they provide their insights and experience into what folks should be on t...
Dec 22, 2023•26 min•Ep. 35
Often times newcomers to The Infinite Banking Concept look at the ability to pay into the policy for decades as burdensome. If they are perceiving it that way, it is crucial that they step back and reconsider why they even want to do the Infinite Banking Concept in the first place. If you do not embrace the ability to pay premiums as a highly desirable endeavor, you are missing the point! " You must build the capitalization phase over a period of time, such as four years minimum. You may find it...
Dec 15, 2023•26 min•Ep. 34
Due to several listener requests, we further breakdown the conditions and logistics of juvenile policies. Whether you are a parent or a grandparent, this gift may be the most significant one most children will ever receive. It may not look like it to them now, though their gratitude and appreciation for it will grow as it grows. "If you owned a banking system, wouldn't you want to run all of your business through your bank? If this is so, then life insurance premiums paid each year should ultima...
Dec 08, 2023•45 min•Ep. 33
The traditional financial model espouses saving/investing for many years, and then depleting that nest egg for the last few decades of ones life. It's hardly a system of generational growing wealth, and often fails to last long enough for the first generation. Join Doug & John as they discuss how even one policy can be used across multiple generations and provide true utility over many many decades. " Please notice that I did not say ‘retirement income’—- I’m dropping that word from my vocab...
Dec 01, 2023•19 min•Ep. 32
Compound interest can work for anybody at any age, but the longer the time horizon, the better. There is no better time to get an insurance policy than when someone enters this world. Premium payments required to acheive a large death benefit are low, passive income is assured, insurability is locked in, most underwriting requirements are avoided, and most importantly it allows a substantial tax free build up of cash that can be used for decades to come. Join Doug & John as they discuss just...
Nov 24, 2023•26 min•Ep. 31
Applications, justification, income verification, qualification, etc.... These are some of the many steps we have accepted we must take when getting a loan from someone else. It's a laborious process that's not within our control. What if there was a better way to access capital? Come join Doug and John to find out how! “ What is an unstructured loan? It is basically an open ended loan arrangement. It is open ended because of the time and frequency of repayment is not defined. There is no set ti...
Nov 17, 2023•20 min•Ep. 30
To repeat an old adage- the best time to buy life insurance was 20 years ago. The second best time is now. The time value of money coupled with the power of compounding means that age is always the most powerful predictor of policy performance over the long term. However, there are other factors at play at a Macro level that play a role. Insurance companies rely on safe assets to generate yield on their capital, and therefore, are greatly affected by interest rates. The last few decades have see...
Nov 10, 2023•21 min•Ep. 29
If you've listened to any of our previous episodes, you'll know that one of the major aspects that makes IBC so powerful is leverage. Leverage is traditionally viewed as a scary thing that irresponsible risk taking investors use. We would argue that the contractual leverage provided by a dividend paying whole life insurance policy is one of the safest financial tools one can have at their disposal. An life insurance policy is unique in that every year your leveragable capacity grows exponentiall...
Nov 03, 2023•21 min•Ep. 28
Do you like paying taxes? Neither do we. Come listen as Doug and John discuss this chapter in the book "Becoming your own banker" and learn how they only pay taxes once. Learn how you can protect your hard earned money from unkown future tax burdens, changes, additions, etc... " Economic problems are best solved by people freely contracting with one another and with government limited to the function of enforcing those contracts. And the best way to do so is through the magnificent idea of divid...
Oct 27, 2023•22 min•Ep. 27
"Get a 4 year degree and you're set for life!" This the advice that has permeated America for the better part of the last 60 years. We find that many people are getting degrees for the sake of getting a degree, or for getting the "college experience" rather than actually going to learn a meaningful skillset. In this episode we examine the chapter "A different look at the monetary value of a college degree" from the book "Becoming your own Banker". We think our listeners will be interested in thi...
Oct 20, 2023•29 min•Ep. 26
Save via sponsored retirement plans until you're 65 and then take out 4% a year! That is the standard advice we see everywhere these days. In theory, if the base of capital were static (i.e. not volatile), that work. However, the "savings" instruments used in these plans are actually investment vehicles such as stocks and bonds, and as such, they are not static, and can be quite volatile. As it turns out, the amount that can be taken out each year is drastically affected by the movement of those...
Oct 13, 2023•37 min•Ep. 25
The premium deposit fund rider is not commonly discussed, but is an excellent (free) rider with most insurance companies. Discover how you can store money for excess premiums with the insurance company & earn a return! " Banking is a process, not a product!" - R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept. Connect with Doug MacKenze: Website: Control Capital Solutions Email: dmackenzie@controlcapitalsolutions.com Connect with john Fox Ward: Website: Nash Cashf...
Oct 06, 2023•23 min•Ep. 24
At this point our listeneres should be well aware of the advantages of using whole life insurance as the medium to practice the Infinite Banking Concept. These benefits can be supercharged for the business owner. All businesses require financing to be succesful. Would you rather rely on the bank, or control that banking aspect yourself? Join Doug and John to discover the innumerable benefits of implementing IBC for business owners! " Everyone should be in two businesses- the one in which you mak...
Sep 29, 2023•26 min•Ep. 23
Infinite Banking aside, Doug & John are going to take a look at the merits of whole life insurance to see if it would be suitable as a bond replacement for financial and retirement portfolios. We speak with people who are less inclined towards practicing IBC, but still have a great deal of interest in whole life insurance. Does this mean creating a policy for them makes any less sense? Absolutely not! " If you knew, at passive income time, that you would be getting back everything that you p...
Sep 22, 2023•19 min•Ep. 22
We get this question/objection a lot. This comes from a fundamental misunderstanding of Whole Life insurance as a product. Many of our listeners may understand this already, but for those who don't, we'd like to explain to you the relationship between cash value and death benefit. " Suspend the list of the many benefits of whole life insurance over and above those of real estate for a moment. Now, as you make premium payments and mortgage payments, respectively, you are building ever-increasing ...
Sep 15, 2023•23 min•Ep. 21
