Controlling the Mechanics of your Banking with Luke Tatum

Fellow IBC Practitioner and author Luke Tatum joins Wade today to discuss his book and what drew him to pursue the Infinite Banking Concept.  They talk about the importance in controlling the mechanics of how you bank so you aren't caught flat footed with forces beyond your control.  Many people take access to capital for granted. Listen in to learn how you better control the banking function in your life and have access to capital whenever you need it. Episode Highlights 03:39 How people can relieve stress about finances by questioning the fundamentals of money access and capital, and recognizing the importance of controlling the mechanics 07:40 Financial empowerment and the importance of controlling one's personal banking function 11:12 Luke's financial book, Between the Lies, and what led to its creation. 15:16 How success in one area, like finances, can lead to success in other areas of life 16:37 The importance of being responsible for your financial life and taking control 21:12 Some people are afraid to take responsibility for their financial life because they fear the consequences if things go wrong 35:23 The appeal of a whole life insurance policy 37:18 Emphasizing the advantages of flexibility, ownership, and control in choosing a life insurance policy 38:14 The differences between mutually-owned companies and Wall Street-owned companies in relation to policyholders' interests 39:51 The importance of contract law for whole life insurance policies and having guaranteed access to a line of credit 40:42 Comparing depositing assets in a bank versus a mutually-owned life insurance company 42:34 Questioning whether someone would rather be a customer or owner of an insurance company, relating to stock-owned vs. mutually-owned insurance companies 44:04 The concept of "quiet money" with whole life insurance policies Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/ [email protected] Connect with Luke Tatum https://betweentheliesbook.com/ https://perfectspiralcapital.com/   https://www.linkedin.com/in/luketatum