Creating Income In Retirement Through Reverse Mortgages w/David Karcher

People in their 40s and 50s are sometimes referred to as the ‘sandwich’ generation— caught between supporting their children and their elderly parents. What can you and your parents do today to ensure they are financially sound in their retirement? Are solutions like ‘reverse mortgages’ too good to be true? On this episode, we’re joined by David Karcher, a mortgage banker at FirstBank. David is here to explain what reverse mortgages entail, and how they could benefit your parents and yourself. Mentioned In This Episode: Why you should encourage your parents to consider a reverse mortgage in their retirement Reasons to set up a reverse line of credit What the “due and payable clause” actually means for a homeowner or their heirs

David Karcher

Leaving a Legacy: In Memory of Nelson Nash

Last week, the legendary creator of the Infinite Banking Concept, Nelson Nash, passed away at the age of 88. His life was full of experiences where he focused his time thinking, learning, and teaching. What lessons did we learn from him? What can we do to ensure we live our lives as successfully as he did? On this episode, we share some of our favorite memories of Mr. Nelson Nash.

Why Managing Retirement from an Investment Portfolio Is Inefficient w/Wade Pfau

In the 1990s, the ‘4% rule’ promised to keep people afloat during a 30-year retirement, but now things have changed considerably. Why is the 4% rule less relevant now? What are the alternatives you can use today? On this episode, author and Professor of Retirement Income, Wade Pfau, shares why we should rethink the 4% rule and some other retirement strategies we’ve grown accustomed to. Mentioned In This Episode: Why we need to rethink traditional retirement planning methods Better tools for retirement income Why your investment advisor isn’t happy about this new information

Wade Pfau

Think Like an Investor w/Aaron Chapman

When it comes to buying investment properties, what should we be thinking about and prioritizing? Who should we have in our corner assisting the transaction? How can we apply the concept of learning from mistakes to our business? On this episode, we talk with Aaron Chapman, an investment mortgage veteran, to get his advice on how to approach opportunities in property investment. Mentioned In This Episode: The people and tools you need to be successful with property investment Why investing in real estate is more like moving money than spending it Why shifting away from traditional banking will protect you from Wall Street— and your own habits * The importance of having the mindset of a business owner

Aaron Chapman

Opportunity Zones Unmasked

The quest for financial freedom is a complicated one, especially when so-called “incentives” threaten to undermine your control of your own money. How can you be sure you’re not falling into a trap? What can you do to identify schemes aimed at using your money to make someone else richer? On this episode, we discuss how easy it is to be bamboozled and how you can keep it from happening to you. Mentioned In This Episode: Beware of government-created plans For any investment, always consider who the owner is Pay attention to the language of the offer or contract * Wherever you decide to invest, make sure you are always the one in control of your money

Equity in a House vs. Equity In An Infinite Banking Policy

One of the biggest questions people have about building wealth is how they can go about creating equity with a house. Is it a wise strategy to build equity by making extra payments to the bank? How can you employ a life insurance policy to get the best of both worlds? What are the differences between building equity in a house through a bank vs. using the Infinite Banking policy? Mentioned In This Episode: How to reduce the risk of payments to the bank The downsides of a home equity line How to effectively build equity with an IBC policy * Why the key to building wealth is a different perspective How Joey is applying the equity concept to running 100% of his income and expenses through his policies!

An Entrepreneur’s Journey with Infinite Banking w/Genny Williams

Every entrepreneur knows that no matter how many sales we’re making, there will always be bills to pay. This is a huge challenge when money isn’t flowing in. How can Infinite Banking help if you find yourself in that position? Why should you intentionally have a system to manage the ups and downs of cash flow? On this episode we’re joined by Genny Williams, a top-producing agent, broker, and owner of X-tra Living at eXp Realty in Birmingham. Genny shares how implementing Infinite Banking has positively impacted her business and her life. Mentioned In This Episode: The importance of taking care of your business and employees How your Infinite Banking accounts can keep you from reckless spending Why you shouldn’t only focus on your business * Making financial decisions that will increase our freedom

Genny Williams

A Conversation with The Top Minds in the Infinite Banking Community

We hear about the success stories of those using the Infinite Banking Concept, but often forget that the people behind the success are very much like us. Did they ever have the doubts we may be having now? Do they have any regrets that we could learn from? On this episode, we speak to a range of IBC minds who have found major success and want to inspire you to do the same. Mentioned In This Episode: Why you should start as soon as possible The reasons to “go big” (or as big as you can) * The importance of life policies for your kids How IBC can be utilized without high risk

Leverage the Power of Community

A sense of community is a powerful force in bringing people together. Whether through family, friends, church, or something else, most people have some sort of personal community that they are a part of. How can we use the same spirit of community to our advantage in our business? On this episode, we discuss how you can apply community values to your business network. Mentioned In This Episode: How to introduce yourself and become a part of a community * The first step you can take towards surrounding yourself with likeminded people who can support your endeavors * How to respond to new people in your community * The importance of finding an accountability partner

Invest In Your Business: Best Practices for Attending Events & Masterminds w/Jason Will

One thing that makes a huge difference both in business and our personal lives is our willingness to commit to lifelong learning and self-improvement. Why is it important to attend live events? How do we make sure we’re getting the most out of our event attendance? How do we avoid getting overwhelmed by all the information? On this episode, Jason Will shared how he went from being ego-driven to learning-based, and why he invests so heavily in events and personal development. Mentioned In This Episode: Why entrepreneurs (mistakenly) avoid events How to invest in self-improvement, even at a low cost * Why continued learning is so important for success Why we get more out of events when we pay for them * The importance of humbling ourselves to receive new information * Why we should aim to come away with one solid concept or process that can change our lives.

Jason Will

Using IBC to Build a Real Estate Empire w/Mike Kelley

Once your life insurance policies have been set up, it’s still important to maximize the use of your money in other ways. How can you use property management as a vehicle for financial freedom? How can we build a system that can be scaled, allowing us to stop trading time for money? On this episode, we talk with Mike Kelley who shares how he is building a real estate empire and the systems he has put in place to make it happen. Mentioned In This Episode: The necessity of specialized knowledge The difference between being busy with a purpose and being distracted How to move from employee to owner/investor Why we must do our due diligence with tenants * How to invest in a way that brings in stability and predictability of income * The importance of hiring someone to take on the tasks we’re doing so we’re not trading time for money * How to move into true investor status

Mike Kelley

The Hierarchy of Wealth

When it comes to financial products, there’s always someone vying for our attention, and it can leave us unsure of what steps to take. What is the process we can follow to be sure we’re making good decisions? What should our jumping-off point be when we’re trying to get financial freedom? How do we know we’re out of step or out of balance? On this episode, we share the 4 tiers of financial freedom and building wealth. Mentioned In This Episode: Why simple processes encourage action The very first step we should take How to get freedom through collateralization * Why having a plan reduces stress

The Power of Referrals & How to Build an Army of Brand Ambassadors w/Michael J. Maher

For many salespeople, building a business on referrals seems difficult or impossible. What are the primary challenges that make it hard for them to do it? How can you tell whether you’re attracting referrals or repelling them? How do we build a culture of referrals in our businesses? On this episode, we are joined by author of 7L: The Seven Levels of Communication, Michael J. Maher, to talk about building a business on generosity and getting more referrals. Mentioned In This Episode: Why people struggle with getting referrals * The key to earning and attracting referrals How to build an army of salespeople in our market Why a referral strategy is better than marketing * The importance of basing our interactions on love, generosity, and appreciation Free Tax Strategy Webinar: If you want to learn more about the tax strategies discussed in this podcast, register for this free webinar. We’ll take a deep-dive into the various ideas shared and even show you how to factor your estimated tax savings. You won’t want to miss it!

Michael J. Maher

The 5 Pillars of Wealth Without Wall Street

As entrepreneurs, we put a lot of work and effort into our business. However, when it comes to our savings and investment plans, many of us stick to the bare minimum. We play it safe. How can we build the kind of financial independence that supports our business and our…

How to Reposition Your Tax Deferred Assets in a Rising Tax Environment w/ David McKnight

There’s a freight train of tax bearing down on your 401k, and a limited amount of time in which you can act to avoid your assets getting hit. What strategies can you use to take your assets off the train track? How can you take advantage of the tax rates…

Paying for College Using IBC

Millions of parents have the goal of paying for their kids’ college, and 529 plans are all we hear about when it comes to saving up for it. What are some of the flaws of the government plan, and are there better options? How can we make the right decisions…

Insights on Building a Mega Business w/ Monique McLean

Every entrepreneur has had to experience a failure at some point, and that can come with a lot of baggage. How do we make sure fear of failure doesn’t hold us back from the next idea and opportunity? What does it take to get that first 1,000 subscribers and customers?…

Got Profit? Take it First w/Mike Michalowicz

Entrepreneurs are commonly taught that profit is the last thing they should take out of their business. What is the “profit first” model, and how does it actually make businesses grow and increase innovation? Why do businesses that adopt the profit first model consistently outperform competitors? How do we transform…

Buying Life Insurance Policies On My Kids

Our last guest, Dr. Jim Smith, talked about the importance of educating his children and grandchildren on the way he set up life insurance policies in their name. We thought it would be great to expand on that. How do we build legacies and create future wealth for our kids?…

How to Create Business Opportunities & Generational Wealth Through infinite Banking w/ Dr. Jim Smith

When our guest read Becoming Your Own Banker and realized all the principal and interest going to other entities, he was shocked— and it led him to make changes. What are some of the things he’s been able to do in his business and for his children and grandchildren? How…