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Episode 120: Infinite Banking: Policy Loans vs Bank Loans (Part 2)
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
In the follow-up to last week’s episode – Dave and Paul revisit loans and why IBC offers a much stronger line-up of benefits when compared to the banks.
In this episode the fellas cover some of the comparative advantages that infinite banking has – namely, how the loans are structured, repayment terms, and access to money.
Not only do they give you their experiences using IBC compared to banking, they also let you know the benefits they’ve experienced and opportunities they’ve seized from practitioners themselves.
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
1:45 - How loans are structured
4:35 - Repayment terms
6:48 - Banks don’t take risk
11:22 - What happens if you don’t pay back your loan
14:08 - Tax implications
15:57 - What it comes down to
17:15 - Prioritizing your capital
19:43 - Episode recap
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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