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76: Conquering FOMO: The Cost of Sidestepping The Infinite Banking Concept
Manage episode 379021630 series 2926696
Main Episode Description
In Episode 76, we hit on one of the most relatable yet destructive emotions in personal finance: the Fear of Missing Out, or "FOMO."
As you implement The Infinite Banking Concept (IBC), FOMO is one of the first problems that can pop up and derail the process. It's so easy to get lured into the glitz and glamour of immediate investment returns. Almost everything else you see in the news and social media is designed to give you FOMO!
A mindset focused on short-term gains can jeopardize the strategic foundation of capitalizing through a whole life insurance policy. Tune in as we discuss how to maintain focus, why sticking with the IBC principles is key for long-term success, and the costly price of giving in to FOMO. Don't miss out on this critical conversation—your financial future depends on it!
Episode Outline:
(07:18) Uninterrupted Compound Curve: Maximizing Whole Life Policies for Strategic Capital Accumulation
(13:36) The Truth About Capitalization Period: Why Life Insurance is Worth the Wait
(21:43) Unlocking Millions: The Long-Term Power of IBC vs. Short-Sighted Investments
(26:52) Whole Life Insurance: The Surprising Benefits People Overlook
(29:14) Saving Smarts: Why It's Not All About Rates of Return
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
116 episodes
76: Conquering FOMO: The Cost of Sidestepping The Infinite Banking Concept
Strategic Whole Life by Infinite Banking Authorized Practitioners
Manage episode 379021630 series 2926696
Main Episode Description
In Episode 76, we hit on one of the most relatable yet destructive emotions in personal finance: the Fear of Missing Out, or "FOMO."
As you implement The Infinite Banking Concept (IBC), FOMO is one of the first problems that can pop up and derail the process. It's so easy to get lured into the glitz and glamour of immediate investment returns. Almost everything else you see in the news and social media is designed to give you FOMO!
A mindset focused on short-term gains can jeopardize the strategic foundation of capitalizing through a whole life insurance policy. Tune in as we discuss how to maintain focus, why sticking with the IBC principles is key for long-term success, and the costly price of giving in to FOMO. Don't miss out on this critical conversation—your financial future depends on it!
Episode Outline:
(07:18) Uninterrupted Compound Curve: Maximizing Whole Life Policies for Strategic Capital Accumulation
(13:36) The Truth About Capitalization Period: Why Life Insurance is Worth the Wait
(21:43) Unlocking Millions: The Long-Term Power of IBC vs. Short-Sighted Investments
(26:52) Whole Life Insurance: The Surprising Benefits People Overlook
(29:14) Saving Smarts: Why It's Not All About Rates of Return
----
LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
----
About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
----
Connect with us
Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
----
ONLINE COURSE:
Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
116 episodes
All episodes
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