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Episode 122: Infinite Banking: The Benefits of Creating Friction Between You and Your Capital
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Sometimes the best play you can make is to simply be patient – and this is something that IBC actually encourages.
In this week’s episode, Dave and Paul explain how Infinite Banking is set up to create “friction” between you and your capital. In other words, it’s the perfect blend of accessibility and juuuust enough steps to help slow you down before you jump on an opportunity.
From discouraging FOMO investing habits and giving you time to reflect on potential opportunities, to actually explaining the process itself – you’ll learn how this feature helps you in the short and long term.
Episode Highlights:
(0:00) - Introduction
(0:27) - Episode beginning
(3:48) - A question about home equity
(6:51) - Where else do you get back…
(8:06) - Criticism of payment for services
(12:33) - The value of creating friction
(20:01) - Instead of diversification, trying concentration
(23:54) - Some more friction benefits
(29:48) - 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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