IBC is no stranger to a constant flow of questions big and small. In this week’s episode, Paul and Dave are doing another installment of “IBC FAQs”! They’ll be answering all of your burning questions - from “why haven’t I heard about this?” and “is whole life too expensive?” to more complex questions like “how much premium should I pay?” and “what should I use a policy loan for?” Is IBC for you? Use this link to schedule and intro call with us: https://calendly.com/dave-743/wealth-warehouse-intr...
Mar 27, 2023•39 min•Ep. 59
This month, we’ve seen three separate banks collapse - two of which literally made history. Dave and Paul would never say “I told you so”, but they would tell you that banks behaving badly is just par for the course. In this week’s episode, the guys address the recent bank failures - namely Silicon Valley Bank. They’ll take you through why it failed, what it means for the future as well as what you can do to avoid it. Additionally, Dave and Paul talk about banks broadly, the issues that can aris...
Mar 20, 2023•47 min•Ep. 58
As IBC gains more popularity and notoriety, more people get involved. Which can be great, but sometimes it can result in a distortion of Nelson’s core message. In this week’s episode, the fellas address policy design and push back against the small base strategies and the 10/90 policies that you may see on Tik Tok, or YouTube. They’ll take you through the actual arguments and what these people are actually saying. They’ll show you where these policies end up, what goes into them and why they are...
Mar 13, 2023•33 min•Ep. 57
For the first time ever, the guys are coming atcha from the road! This week, Dave and Paul attended the 2023 IBC ThinkTank in Birmingham, Alabama! This yearly event is well-attended by practitioners from all across the country and features workshops, speakers and other IBC-related events. Dave and Paul will give you their thoughts on some of the workshops, as well as a recap of the speakers, their topics and their overall experience at the ThinkTank! Is IBC for you? Use this link to schedule and...
Mar 06, 2023•35 min•Ep. 56
In this week’s episode, Dave and Paul are getting back to basics: sequencing your capital and managing loan repayment. These are common areas of discussion in IBC - and everyone does it a little differently depending on their circumstances and needs. Today, Dave and Paul will go through their own personal examples of how they’ve sequenced their money and how they’ve set up their policies for maximum efficiency and growth. They’ll also touch on loan repayment - from best practices to how you can ...
Feb 27, 2023•35 min•Ep. 55
One of the most important aspects of IBC is paying premium - but many people ask, how often do I need to pay? In this week’s episode, the guys are taking you through a more niche issue in IBC: payment frequency. Are you paying your premium quarterly? Monthly? Each year? This decision can have affects downstream on your policies overall performance! The guys will take you through the different payment frequencies, the drawbacks, benefits and they’ll even clue you in to which you SHOULD be using! ...
Feb 20, 2023•32 min•Ep. 54
Everyone has a dream to make stupid amounts of money - to earn on the same level as the ultra rich. Well, as an IBC user, you may have more in common with billionaires and captains of industry than you would otherwise think! Join Dave and Paul as they discuss an interesting article that examines the uncanny connection between IBC and money-making legend, Warren Buffet. They detail how IBC practitioners can get access to the same rarified air that Warren does, in terms of access to capital, contr...
Feb 13, 2023•26 min•Ep. 53
There can be lots of different reasons to get started in IBC - but one of the biggest ones is the banking system itself. In this week’s episode, the guys decide to take a step back and look at some of the broad reasons why IBC has made so much sense for so many people. They take a break from the specifics to review the banking system. How does it actually work? How did it come to be? And most importantly: what is so wrong about it? Additionally, Dave and Paul also explore inflation and demonstra...
Feb 06, 2023•31 min•Ep. 52
When it comes to IBC, it’s important to have a clear understanding and vision for your policy. This can be difficult when you have some agents that lead with illustrations and promise amazing returns. In this week’s episode, the fellas guide you through some of the areas that trip people up when it comes to IBC. Should you be concerned about the dividend rate? Should you even consider an IUL? What’s the difference between guaranteed and non-guaranteed cash value? Which should I care about? Depen...
Jan 30, 2023•29 min•Ep. 51
IBC offers you unparalleled control over your capital - but the key is ensuring that you create your system of policies properly. You want to make sure that you get access to a level of ownership that is virtually non-existent in the market. In this week’s episode, the guys cover illustrations once again as well as the importance of getting proper guidance from a practitioner of IBC. They also clear up some misconceptions about how you manage your policy and check out an actual policy illustrati...
Jan 23, 2023•27 min•Ep. 50
Difficulty or success in life are decided, in large part, by how you build your wealth. In today’s episode, Dave and Paul take a look at the book “Heads I Win, Tails You Lose” and the “Hierarchy of Wealth” concept it outlines. This opens a much broader discussion on where most people traditionally “park” their money as well as how they look at risk. The guys also tackle each tier of the “Wealth Pyramid”, weigh in on a listener’s question on 401ks and more! Episode Highlights (0:00) - Introductio...
Jan 16, 2023•30 min•Ep. 49
Leaving a legacy is arguably one of the most important things a person can do. It’s a difficult task to accomplish that also takes a disciplined mindset and an eye for the future. In this week’s episode, the fellas take a look at the components of legacy and how it mixes not only with IBC, but also with contemporary views on wealth creation. How should you set up your family members for when you graduate? What need to go right? What could go wrong? And being fathers themselves, Dave and Paul als...
Jan 09, 2023•35 min•Ep. 48
With the new year officially here - it’s time to look forward to these next 12 months and see what you can do to make 2023 bigger and better for your financial future. So join the fellas this week as they outline their “7 Steps for a Better 2023”! Maybe you’re a new user, or a prospective IBC practitioner and you want to find out how you can get deeper. Perhaps you’re a vet that has years under your belt. It doesn’t matter! From getting a mentor and the right information to tweaking your mindset...
Jan 02, 2023•35 min•Ep. 47
With 2022 close to being in the rear-view mirror, it’s important to not only reflect on the past year but also to look forward to the future. In this week’s episode, the guys cover “7 Points to Consider” to help get you focused for the year to come as well as getting some of the uninitiated thinking more seriously about IBC. Dave and Paul cover each point, giving you the concepts and context to help you understand this idea when you’re looking at it from 1000-feet. Not only do they tackle the ta...
Dec 26, 2022•27 min•Ep. 46
With almost a year in the books and so many concepts covered, it’s easy to lose sight of the basics. In this week’s episode, the guys are going back to basics and reviewing Nash’s 5 Principles as outlined in his groundbreaking book “Becoming Your Own Banker”. Dave and Paul break down each principle, what they mean and how they are relevant in terms of managing your policy today, tomorrow and years in the future. Be sure to tune in to today’s episode - it’s a great refresher for newbies and grizz...
Dec 19, 2022•32 min•Ep. 45
“Capital attracts opportunity” - and IBC can put you in the position to take advantage of those opportunities. In today’s episode, the guys discuss more of the banking and private lending aspect of IBC. Dave and Paul also share some client experiences with red flags, some more on the mindset you need coming in, legacy and the flexibility IBC gives you. Episode Outline: (0:00) - Introduction (2:58) - When you have capital, opportunity finds you (6:31) - When it comes to private lending, it has to...
Dec 12, 2022•29 min•Ep. 44
Getting your policy in place is one thing, but how you utilize it is the key. In this week’s episode, Dave and Paul explore some of the opportunities that IBC gives you. While some benefits remain “unseen”, the ways in which you can structure and use your policy are very much known. The guys go through their own philosophies on using cash value, how they approach wealth building and the ways in which IBC changes your whole investing perspective. They also recall some of the opportunities both th...
Dec 05, 2022•30 min•Ep. 43
Getting your policy in place is half the battle with IBC, the other half is managing it properly and avoiding rookie mistakes. In this episode, the guys take you through their list of “mistakes to avoid” for IBC. These tips are relevant for newcomers and veterans alike and range from your wealth building philosophy to simple management and policy funding. Tune in to make sure you’re avoiding these common setbacks so that your policy can keep running efficiently and smoothly! Episode Outline: (0:...
Nov 28, 2022•33 min•Ep. 42
IBC can help you become your own banker - but what does it do for your business? In today’s episode, Dave and Paul look at IBC through the lens of the business owner. There are unique benefits to IBC and a few different ways that a business owner can take advantage. The guys take a closer look at some of those strategies, as well as their take on owning a policy through a business, the drawbacks and more! Episode Outline: (0:29) - Beginning of episode (2:55) - Listener question, other ideas for ...
Nov 21, 2022•31 min•Ep. 41
With the Fed raising interest rates for a sixth time, some people are beginning to feel some turbulence as the cost of borrowing continues to climb. Which leads us to today’s question and central topic: what does another interest rate hike mean for your policy? Can you do anything to minimize the impact? Should you even care about it in the first place? The guys break down all the info you need to know when it comes to interest rates and your policy, as well as some backstory into how they actua...
Nov 14, 2022•35 min•Ep. 40
Each and every one of us has something that just.. gets under our skin. Dave and Paul are no different - especially when it comes to IBC. In today’s episode, the guys discuss what “grinds their gears”. They cover clients, how policies are set up and misconceptions about IBC. Additionally, they address the hate IBC gets and pretenders that push bad information to get you to sign.. Tune in to hear their list of IBC grievances and see what it’s like from the other side of the fence - as an IBC advi...
Nov 07, 2022•29 min•Ep. 39
When it comes to your money, you need to make sure you’re making the right decisions and getting the right information. This week, the guys take a look at IBC practitioners behaving badly. From leading with an illustration to remixing Nelson’s concept, Dave and Paul take you through an exhaustive list of red flags in this episode. With this list, you’ll be able to sort through the pretenders next time you’re shopping for IBC advice. Tune in to make sure that you’re getting the best information p...
Oct 31, 2022•32 min•Ep. 38
IBC can work for everybody - but it’s really great for real estate investors. In this week’s episode, Dave and Paul take a look at IBC in the context of real estate investing. The guys discuss all the problems it can solve, as well as the benefits it can bring! Tune in to see how you can up your real estate game, get unrivaled liquidity, access to capital and much more! Main Episode Outline: (2:09) - Beginning of the episode, IBC and real estate investors are “peanut butter and jelly” (2:43) - D...
Oct 24, 2022•48 min•Ep. 37
Welcome to episode 36 of Wealth Warehouse! It can be hard enough to plan for yourself when it comes to making financial decisions. When you add in your spouse, especially for a less-known route like IBC, things can get even more complicated. This week, the guys tackle the IBC decision from the POV of a couple. Should you sacrifice the relationship harmony to push IBC? Are there ways that non-believers can be better acclimated? Dave and Paul cover how to introduce the IBC concept and navigate tri...
Oct 17, 2022•29 min•Ep. 36
Welcome to episode 35 of Wealth Warehouse! Most people accept that you need to get a 401k when it comes to planning for retirement. It’s what your co-workers do, maybe even some friends and family have one. And most importantly, it’s in line with what your financial advisor suggested. But is it the best place for your money? It should be no secret at this point that Dave and Paul often diverge from mainstream thought - and today’s topic is no different. In a brand new series on “financial myths”...
Oct 10, 2022•33 min•Ep. 35
Join David Befort and Paul Fugere on Episode 34 of the Wealth Warehouse! When it comes to IBC, research is just as important as designing your policy properly. You need to “get” IBC as a concept and understand not only how it works, but why you’re doing it. Your goals need to align with what the Infinite Banking Concept provides. In this week’s episode, the guys address a question from a fan that leads to a deeper discussion on MECs or “Modified Endowment Contracts”. They illustrate the importan...
Oct 03, 2022•28 min•Ep. 34
Join David Befort and Paul Fugere on Episode 33 of the Wealth Warehouse! For this week’s episode, the guys grabbed some general questions that they received from clients and listeners alike about IBC, how it works and how you should manage policy. They cover basics like “what is cash value?” and “when should I add another policy?” to more advanced topics such as the drawbacks of a 10/90 policy. Episode Outline: (1:06) - Episode start, first question “what is cash value exactly?” (5:05) - “If my ...
Sep 26, 2022•21 min•Ep. 33
Join David Befort and Paul Fugere on Episode 32 of the Wealth Warehouse! So you’ve diligently followed Dave and Paul’s advice, you’ve made all the right decisions about your policy, you’ve done everything the right way - but once you retire and lose your income, how do you keep going? How can you continue to fund your premiums? This week’s episode revisits retirement: the misconceptions most people have, what you need once you retire and more specifically, how you should manage your policy once ...
Sep 19, 2022•32 min•Ep. 32
Join David Befort and Paul Fugere on Episode 31 of the Wealth Warehouse! In life, you want to be able to say “yes” to opportunities - especially opportunities that can help you grow your money. IBC helps you do that, but that doesn’t mean your work is done yet. In this episode Dave and Paul respond to a listener's question, “what does being well capitalized mean?”. Drawing from a decade plus of experience, the guys give you their takes on different types of opportunities as well as their criteri...
Sep 12, 2022•32 min•Ep. 31
Join David Befort and Paul Fugere on Episode 30 of the Wealth Warehouse! This week, the guys react to the student loan forgiveness plan that was recently announced by President Biden. Was this a good idea? Does it address the root cause of the problem? With so much discussion and emotionally-charged debate swirling around this recent development - it can be hard to decipher where to stand on the issue. In this episode Dave and Paul answer these questions and more. They also share their views on ...
Sep 05, 2022•35 min•Ep. 30
