|Ep60| IBC and The Psychology of Money - Tails, You Win

Episode 60: IBC and the Psychology of Money - Tails, You Win Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues examining The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  In this chapter, we enlist the help of Housel as we walk through the idea of failing with money.  Housel posits that failure is to be expected and that a few major investments determines success.  Does IBC agree?  Does IBC limit failure exposure rather than set one up for the ‘homerun’ investment?  If so, is that a good thing?  Join in for a great talk about IBC’s role as one fails in investing. Also in this episode, Dave doesn’t sound excited, he says weird words, and he disagrees with Housel. Enjoy talking about how IBC doesn’t mean you need to lose all the time to win!! Key takeaway:  IBC keeps your money grounded so you are able to navigate the ups and downs as you are chasing those ‘tails’ events.   Resources Mentioned: [Link HERE] Morgan Housel’s The Psychology of Money 📩 Email: [email protected] | [email protected] 📞 Call: 507-205-2284 📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min   📱 Follow us on social media:  Dave’s Facebook: https://www.facebook.com/dave.parmerlee Dave’s Instagram: https://www.instagram.com/dave_ibcguys/ Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/   Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545 Mike’s Instagram: https://www.instagram.com/mike_ibcguys/ Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/   🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom