Stop wasting hours on YouTube trying to piece together the information you want about The Infinite Banking Concept.Use code "PODCAST" to get 50% off of our soup-to-nuts online course:IBC MASTERYMain Episode DescriptionOne of the biggest financial problem we all face comes straight from the book, Becoming Your Own Banker; Parkinson's Law."A luxury, once enjoyed, becomes a necessity." In financial parlance, this means expenses tend to rise along with our income.Taxes, debt service, and lifestyle expenses always tend to rise at the same rate as our income, leaving only what's left over to save and grow.And we've found this to be just as true for someone making $1M per year as it is for someone making $30k per year.In this episode, we talk about this and many other problems The Infinite Banking Concept solves. By having access to capital and being able to finance our own purchases and investments in a strategic manner, we kill many proverbial birds with a single financial stone.Episode Highlights0:00 - Introduction0:12 - Episode beginning0:21 - “What problem are you trying to solve?1:31 - The official problem4:54 - The problem that we all have9:36 - Protecting your family against the loss of income15:19 - Passive income21:39 - Thinking long range, protecting your family in the future30:21 - Accelerating the payoff of debt33:23 - Reducing of eliminating taxes39:18 - What whole life can’t do41:32 - Episode wrap-upAbout Your Hosts:Hosts John Montoya & John Perrings 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. He is an Authorized Infinite Banking® professional and works 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 AT https://www.TheFifthEdition.com

Stop wasting hours on YouTube trying to piece together the information you want about The Infinite Banking Concept.Use code "PODCAST" to get 50% off of our soup-to-nuts online course:IBC MASTERYMain Episode DescriptionThere is a ton of information about Infinite Banking out there and opinions about "correctly-designed" policies probably top the list.We want to help you cut through the noise and help you understand what an "IBC Style" policy should be.Like everything having to do with insurance, it's all about trade-offs. There is no secret, magical way to design a policy to give you the "best" cash value without some kind of corresponding tradeoff.That being said, in this episode, we'll give you some guidelines on what to look out for (and what to avoid!) when looking at a whole life policy designed for IBC.Link to EPISODE 37 (Why Universal Life is Not Right for IBC), mentioned in this episode.Episode Highlights0:00 - Introduction0:11 - Episode beginning3:44 - “What is an IBC policy?”8:28 - The long-term perspective12:01 - Thinking about your design15:31 - “Design your policy like it’s your last one”22:49 - Typical design components that you should look for27:13 - Where the cash value really comes from33:40 - Episode wrap-up, a couple of riders to considerAbout 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 AT https://www.TheFifthEdition.com

** Get a 50% off our online course, IBC Mastery **With current rising interest rates, many carriers have similarly raised the interest rates on policy loans. Many whole life policy owners are wondering how this will affect their practice of The Infinite Banking Concept ®.In this episode we talk about policy loan rates and what to expect with whole life insurance dividends as interest rates rise.As John Montoya tells us, “interest rates are relative”.Episode Highlights0:00 - Introduction0:12 - Episode beginning2:19 - Interest rates5:23 - Interest rates are relative10:00 - What it means to take the control of the banking function in your life13:01 - Taking loans19:01 - Make sure that you’re calculating life properly23:28 - Episode wrap-upAbout 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.Interested in working with us? >> Connect with us here

Episode DescriptionUnlike your typical investing, whole life insurance must be looked at in a different light. Life insurance is not an investment and it never has been. The good news is that, while life insurance is not an investment, what it actually is makes all of your investments perform even better.Tune in to this one and get a better understanding of how life insurance can play an important part in your overall financial life.LINK TO THE EPISODEEpisode Highlights0:00 - Introduction0:15 - Episode overview0:44 - “IBC is not an investment”7:54 - Creating a financial system to replace the one you already have13:12 - How you think, the “business owner mindset”16:45 - John Perring’s mindset change, guarantees20:37 - “Building on bedrock and not sand”27:16 - The moral case for using life insurance32:35 - Episode wrap-upAbout 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.ResourcesTheFifthEdition.com50% discount to our online course, IBC Mastery

In his book, Becoming Your Own Banker, Nelson Nash did something very special to help readers gain a deeper understanding of the importance of capital formation.Rather than discuss money directly, he talked about it through the example of a grocery store owner stocking cans of peas.Nelson used food inventory because, just like money, it can be both sold and consumed.In this episode, we discuss the Grocery Store Analogy as a foundation to understanding The Infinite Banking Concept®."Don't steal the peas!"Link to episode: https://www.thefifthedition.com/ibc-grocery-store-analogyEpisode Highlights:0:00 - Introduction0:12 - Episode beginning1:16 - The grocery store analogy3:03 - How does this relate to IBC?8:18 - Being a part of what you consume11:56 - Capital has to come from somewhere13:55 - Being an honest dealer18:26 - Episode wrap-upAbout Your Hosts:Hosts John Perrings and John Montoya are dedicated to spreading the word about The Infinite Banking Concept 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:https://www.thefifthedition.com

Get all the info you need about The Infinite Banking Concept® at:www.TheFifthEdition.comMain Episode Description:One of the most valuable traits an IBC practitioner can have is patience - you need to be able to “think long range”, as Nelson put it.Which brings us to today’s topic: short pay and long pay policies.This is a hotly debated topic amongst life insurance agents and there is a lot of confusing, contradictory advice out there. Today, we are going to weigh in on the matter and help explain these policy design approaches and how they pertain to the Infinite Banking Concept®.Remember, everything in the insurance business is a tradeoff between cost and risk. There is no free lunch. So what are the tradeoffs when it comes to short-pay and long-pay policies for the purposes of deigning a whole life insurance policy for IBC?This is super-important information so please give this one a listen!LINK TO THIS EPISODE:https://www.thefifthedition.com/60Episode Outline:0:00 - Introduction0:12 - Episode beginning2:55 - Some more context on “short pay”7:27 - Why do people write short pay policies?12:04 - Two other reasons that short pay policies have gotten more popular16:07 - Another trade-off and long-term payments18:06 - A policy becoming “paid up” and some more trade-offs23:07 - Another trade-off, lower death benefit24:24 - “Using your flexibility” and how it affects performance27:29 - “The ability to go down”29:45 - Measuring the performance of both35:35 - The rule of thumb and where you would do a short pay40:51 - The IBC mindset43:19 - Episode wrap-upGet in touchhttps://www.thefifthedition.com/p/contact/

One of the most common questions we get about starting the process of acquiring a whole life insurance policy for Infinite Banking® is how the application process works.Applying for life insurance can be somewhat daunting but it doesn't have to be. With an experienced advisor it is possible to navigate the underwriting process with ease. Even if you have some pre-existing conditions.Tune in to this episode and learn all about the application process for IBC whole life.Want to know everything about whole life for IBC?Use the code "PODCAST" and get a 50% discount on our comprehensive, soup-to-nuts online course, IBC MASTERY.CLICK HERE TO LEARN MORE

Description:A very common question we get is how multiple whole life insurance policies come into play for Infinite Banking.In chapter 6 of Becoming Your Own Banker, Nelson Nash states "...I am not describing one life insurance policy. This is to be a system of policies."In chapter 12 he states "We need a system of many policies to do the job [of accomplishing our banking needs]."So, what's this all about? How do we go about buying multiple whole life insurance policies and how is this even possible?Tune in to this important episode where we discuss the ins and outs of owning multiple whole life insurance policies for Infinite Banking.Episode Outline:(0:00) - Episode introduction(1:57) - The idea of having multiple policies(4:20) - One consequence to putting too much premium into a whole life policy(7:13) - The business owner mindset for IBC, “expanding your system”(11:19) - Buying a convertible term policy(15:40) - Short term vs. long term planning for IBC(18:41) - Having a better handle on your expenses, income and where it’s all going(21:41) - To sum it all up: Capital needs a home(23:06) - Episode wrap-upAbout 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.

An often overlooked benefit of The Infinite Banking Concept® is the tax efficiency created by becoming your own banker.In this episode, we discuss three ways IBC can improve your tax situation:Using IBC to create the funds with which to pay taxesCreating the system to build business income which allows for more reduction of taxRetirement strategies that create more tax-free incomeTune in and learn all about taxes with Infinite Banking!As always - connect with us at www.thefifthedition.com

With so much economic uncertainty, sometimes it can be difficult to fund the things in your life that are important to you, including your IBC whole life insurance policy. However, there may be a way that you can make up for the lost ground.The “Catch Up Provision” in the PUA rider of many whole life policies allows you to catch up with missed PUA premium from prior years. This is a critical feature with whole life insurance and, more broadly, Infinite Banking.There are times when we need to roll with the punches and there will be times when funding an IBC whole life policy to the desired level may not be possible. With the catch up provision, we have options to minimize the lost opportunity cost of hard times.Tune in to find out to learn more!Episode Outline:● (0:35) - Episode beginning● (1:01) - How a catch-up provision works, the history of it and where it fits into your IBC policy● (3:40) - “Taking over the banking function of your IBC policy”, how catch up provisions give you more flexibility● (5:20) - “Where does the income go?”, catch up provisions give you flexibility and options● (9:14) - “Should you prioritize maxing out your PUA rider, or repaying a loan?”● (10:58) - Is there such a thing as a “correctly designed policy”?● (13:52) - Common question: “Which company has the best PUA catch-up provision?”, how insurance companies update their productsAbout 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:https://www.thefifthedition.com/

In this very special special and personal episode, we interview co-host John Montoya's wife, Kelly Vail, about her battle with cancer.As a business owner, Kelly started IBC as a way to be more efficient with her cash flow. Little did she know that, years later, the living benefits of whole life insurance would literally save her life.When the healthcare system had no answers and gave her only months to live, the access to money created by her whole life and disability insurance gave her the flexibility and space that she needed to take matters into her own hands. Kelly has documented her journey, including the treatment path she took to get healthy on her blog here:https://www.caringbridge.org/visit/kellyjvail---Episode Outline:● (0:17) - Episode start and introduction● (1:15) - What is a Health Savings Account (HSA)? How people view it and it’s limitations● (7:35) - The opportunity cost of HSAs, blurring the line between saving/investing● (9:40) - Why IBC is the best rainy day fund for medical expenses● (12:30) - Introduction to Kelly Montoya, her story and her battle with breast cancer● (20:03) - What Kelly realized about her health insurance coverage, using her IBC policy to get the treatment she needed● (25:45) - The reality of supplementing your income with disability, how Kelly actually utilized her IBC policy● (34:08) - IBC gave Kelly an alternative path that was literally life-changing, some big news● (40:25) - The last 7 months, the role that IBC played, episode wrapAbout your hosts:Hosts John Montoya and John Perrings are dedicated to spreading the word about The Infinite Banking Concept® 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:https://www.thefifthedition.com/

When you’re making financial decisions for yourself, you need to be aware of the economic landscape around you. However, this can be difficult to do given how quickly and often things can change.This week, we tackle a listener question:“Will the traditional rules of finance hold strong or will the rules change in the next 40 years?”Tune in to hear John and John break down what the “rules” actually are. They show you what’s behind the curtain and who is really pulling the strings – but they also reveal how these “traditional rules” become so widespread and accepted.Episode Outline:● (0:17) - Listener question, the guys consider “the rules we have right now● (3:48) - Start of Part 1: What are the traditional rules of finance, what are the assumptions people have● (6:07) - Investing and saving, how one can harm the other when you’re wealth building or preparing for retirement● (12:01) - Rules, restrictions, limitations of custodial accounts (401ks, IRAs)● (17:34) - Issues with “being safe” and keeping your money as liquid as possible, inflation, money supply and where the banks and the government fit in● (23:41) - Mainstream opinions and where they can take you● (26:18) - Start of Part 2: The principles of personal finance that DON’T change, “traditional vs. typical”● (29:14) - The importance of contractual guarantees, how IBC grows and protects your money● (31:40) - The one type of rate of return nobody talks about - but IBC gives youAbout your hosts:Hosts John Perrings and John Montoya are dedicated to spreading the word about The Infinite Banking Concept® 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 and get at www.TheFifthEdition.com where you can find additional resources and schedule a no-obligation consultation to see how IBC could work in your life.

Join us in this episode as we discuss how your finances are like training for a battle.It's common to use sports-based analogies like "offense & defense" when it comes to money but the typical mainstream financial plan often has tactical disadvantages on both ends from inadequate protection to chasing rates of return in risky investments that underperform. When it comes to our financial future, we should train like we're going to war. This is where the Infinite Banking Concept provides the financial principles for tactical advantages for life long success. Have a listen and let us know what you think at: https://www.thefifthedition.com/53

Join us for our first video podcast where we do a full presentation on an IBC Retirement Strategy!Overview:You can almost draw a line in the sand separating the time before and after discovering The Infinite Banking Concept®.As such, your financial lives become divided in two:All of the possible future decisions that can be made through the implementation of IBC.All of the past decisions that were already made prior to discovering IBC.Decisions made in the past were made with your best thinking at the time. They now, however, may seem suboptimal, learning what we know about IBC.Whole life insurance is an asset that gives us the unique ability to make our future *and* past decisions work even better than we hoped - at the same time.Be sure to check out the presentation at https://www.thefifthedition.com/52

Whether you're new to Infinite Banking or perhaps you started years ago, it's crucial you avoid the onset of IBC amnesia. In this episode we discuss how to self-diagnose if you've developed IBC amnesia and the steps to follow so you can take advantage of the capital you're creating in your IBC policies to build your wealth.We hope you enjoy this episode and if you have questions about getting started with Infinite Banking, please connect with us at www.TheFifthEdition.com.

Welcome to episode 50 where John and I have some fun and go a bit off topic to discuss one of the best TV shows of all time. You'll learn how with just a little bit of sound financial planning our favorite character, Walter White, could have left his family the legacy he actually intended. Instead he became the infamous Heisenberg that led to so much societal mayhem and an epic fall from grace over 5 seasons of the best character arc ever created. The lesson here: the financial choices you make (or don't make) have consequences. We hope you enjoy the episode!To connect with us about Infinite Banking or even your favorite TV show, you'll find us at www.TheFifthEdition.com. Thank you for listening!

In previous episodes we've explained the strategy, covered the benefits, and highlighted best practices, but in this episode we are going to challenge you to ask if the financial decisions you make are morally the best you can make for yourself, your family, and society.Take a listen and hear what we have to say about the moral case for IBC and why you should practice Infinite Banking. After all, truth is the end of all inquiry. If you have questions about Infinite Banking, be sure to connect with an IBC practitioner. You can connect with the hosts at www.TheFifthEdition.com.

A question we are often asked by new clients, just starting their IBC journey is "how much should I fund a policy?" Or "How much does it cost?"Whole life insurance, for the purposes of implementing the Infinite Banking Concept®, is about capitalizing (aka, storing cash).So the real question should be: "How much do you want to save?"When looked at in this way, we start to see that whole life insurance premiums are not a cost at all.Questions? Head over to TheFifthEdition.com where you can:Schedule a free, no-obligation consultation to better understand how IBC could work for you.Get access to the online course, Whole Life Insurance Fundamentals, with a 50% discount

In this episode we'll discuss the rules of thumb, pro's and con's, and other insights you ought to know if you're thinking about starting an Infinite Banking policy for your children. In the insurance world, these are called juvenile policies.And be sure to give Episode 21 "Who to Insure First" another listen for additional context!As always, let us know what questions you have. The hosts of the show are IBC Authorized Practitioners and can be reached at www.TheFifthEdition.com.

We often talk to folks who will tell us they have a lump sum of money that they want to use to "start their IBC policy."How can we deal with large lump sums of cash with regards to The Infinite Banking Concept®?We can't deal with it like most of us are used to with typical financial accounts. Because life insurance is an actuarial product, we must have a strategy to deal with large lumps sums. The good news is that when we use IBC principles, it's even better than just depositing the money in an account.If this is something that has been on your mind, go to www.thefifthedition.com and schedule a free consultation.