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Episode 141: Infinite Banking: Buy TIME and Invest the Difference
Manage episode 446371656 series 3308339
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Visit our website:
https://www.thewealthwarehousepodcast.com/
You may have been told once or twice that “buying term and investing the difference” is a pretty slick idea..
But when you look at what you sacrifice, the choice between term life insurance and whole life insurance couldn’t be more clear.
In this week’s episode, Dave and Paul are taking you through this pop finance strategy and why you should avoid it if you want to be your own banker.
Episode Highlights:
(0:00) - Introduction
(0:49) - Episode beginning
(2:13) - Paul and the “survivor benefit plan”
(6:41) - Buy “time” and invest the difference
(10:05) - Detailing Dave Ramsey’s plan
(12:14) - What can ruin “the plan”?
(16:54) - A temporary solution to a permanent problem
(19:50) - What you CAN control
(21:39) - Insurance is only “worth it” if..
(23:41) - People think insurance is a sunk cost
(29:58) - The peace of mind that whole life gives you
(31:51) - IBC gives you the license to take some risk
(34:26) - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Visit our website:
https://www.thewealthwarehousepodcast.com/
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
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