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Episode 119: Infinite Banking: Policy Loans vs Bank Loans (Part 1)
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
In this week’s first of two parts – Dave and Paul revisit loans and why IBC offers a much stronger line-up of benefits compared to someone else’s banking system.
From how these loans function on the banking and IBC side, the differences in accessibility to even where the bank gets its money from, the fellas will give you everything you need to know on the broad arguments on Infinite Banking vs. traditional banking.
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
2:02 - Listener question
5:55 - Policy loans vs. bank loans
8:02 - Accessibility
12:05 - Biggest factor for a bank when it comes to a loan
15:18 - Debt to income ratio
17:35 - Where does the bank get its money from?
19:38 - Interest rates
24:25 - 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.
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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