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Episode 115: Infinite Banking: Playing Hardball With IBC Haters
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If you’ve listened to even a handful of episodes, you know that IBC comes under constant fire from people that don’t understand the process and most importantly – the benefits.
Between 401k believers, CFPs and internet commentators to the influencers and talking heads like Dave Ramsey – there is no shortage of critics and detractors looking to discourage the process of becoming your own banker.
Whether it’s trolls on the internet, or “Uncle Bob” at Thanksgiving, Dave and Paul take this episode to help you navigate the myriad of critiques you may encounter in the wild – and how you can respond..
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
3:24 - Responding to an IBC hater
7:35 - The question of compensation
14:23 - Can you setup your policy yourself?
16:01 - “Insurance companies keep the cash value after you die”
19:25 - “You have to pay interest to borrow your own money”
22:05 - “IBC sounds risky”
25:56 - “Only idiots buy whole life insurance”
32:05 - “IBC is too good to be true”
34:44 - 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:
davidandpaul@theibcguys.com
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