Round Table | You've Got Questions, We've Got Answers

1 year ago
29

If you've heard about the Infinite Banking System as a tool to build passive income but still have questions, this episode might have the answer you seek. Today's conversation answers questions many people ask when they first hear about IBC and how to build passive income. It's time to clear those doubts, get answers to your burning questions, and take action. 2023 is the year you move forward with your financial freedom journey; it all begins right now.

Tune in and hear Russ, Joey, and the Financial Freedom Coaches share their answers to questions about the following:
Should I put my money on IBC? How soon can I get it back? When do I have to repay it? Personal vs. Business Policies–who owns the asset?
Which passive income opportunities should I pursue?
Should I consider VUL, which offers a higher return, instead of putting my money in whole life insurance?
And more!

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00:00 - What's the best question you've been asked lately by one of your children?
04:23 - Is it important for us to cover questions live, or should we always do it one-on-one?
07:14 - Why are you on this podcast? What made you interested enough to spend time with these guys that you would share your thoughts and nuggets on a weekly basis?
08:48 - What is the number one question you've been asked lately that you think we need to start strong by answering?
09:51 - What was the first thing you used your policy and system for?
11:39 - You had a lot of questions that people who meet us for the first time have. What are those questions that you had?
12:52 - If I put my money in there, how easy is it to get it back? Will I have to fill out this long set of forms before the insurance company sends me my money?
15:34 - I'm shopping to refinance my home loan. A guy talked to me about an all-in-one loan. I like that I can put all my money into it, like you guys talk about, and pay off my home quicker. Should I do it?
17:42 - I'm trying to figure out which passive income source to pursue. I watched your podcast episodes on passive income report where you detail land flipping, short-term rental, e-commerce, syndications, etc. They all look great. I just don't know which one I should start. Should I start them all?
21:12 - Should I start the first life insurance policy in my business or just on me? Make sure you cover talking about the flexibility of personal vs. business and who owns the asset.
24:13 - Where can I find a good CPA/ Tax Strategist?
26:46 - I want to invest in real estate but have limited capital. How can I get started?
28:33 - We have people who hear about IBC on our show. They talk to their local financial advisor who tells them about the Variable Life Insurance Policy, which earns 8% compared to a lower rate for Whole Life Insurance Policy. Is that something they should do? If not, what feedback would you give them?
34:26 - When do I have to repay my loan from my IBC?
37:17 - When creating joint venture opportunities, how do you set up and pay an operator if you are the one bringing the capital?
41:11 - What are the positives and negatives of using leverage to begin a policy?
44:49 - What are your final thoughts?

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www.wealthwithoutwallstreet.com/podcast/round-table-youve-got-questions-weve-got-answers

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