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Episode 113: Infinite Banking: Why Everyone Needs an Income Plan, Not a Retirement Plan
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It’s common for most people to fall into the mainstream thinking when it comes to retirement. The whole idea of “having enough” to retire and not considering what money you have coming in – is one of the biggest mistakes most people make.
In this week’s episode, Dave and Paul challenge you to change your thinking about retirement – to change your mindset from “retirement planning” to “income planning”.
They also touch on a great “IBC in Action” example, as well as some tips for managing your windfalls..
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
1:13 - Dave’s new painting and the investing analogy behind it
4:13 - Treating your retirement like a business
9:34 - IBC thought-in-action
12:36 - Managing your windfalls
16:43 - Retirement and income
18:35 - How to analyze your “income plan”
22:31 - Your personal economic situation
25:36 - The passive income qualities of IBC
27:24 - The opportunity cost of your income plan
29:16 - Who’s in control?
30:37 - Does your plan create income or just accumulate capital?
37:26 - 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.
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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