Part 1 - Using IBC to Buy a Car

Episode 11: Part 1 - Using IBC to Buy a Car   Welcome back to The IBC Guys Podcast! Mike and Dave are tackling a big one today — Using IBC to Buy a Car — and this is just Part 1 of a two-part series.   In this episode, we’re breaking down Nelson Nash’s book Becoming Your Own Banker. He lays out five ways to finance a car: leasing, bank loans, paying cash, using a Certificate of Deposit (CD), and using an IBC policy. We’re focusing on the last three — because they keep you in control of your money.   Let’s talk numbers. If you save $35,000 and buy a $10,550 car every four years for 44 years, you’ll end up with $52,270 using cash. With a CD (earning 5.5% interest), you’d have $259,000. But with an IBC policy? You’d have $964,000 — that’s $705,000 more than the CD.   The kicker? With IBC, you can pull $50,000 a year in passive income — for the rest of your life — and still leave $1.36 million to your loved ones. Your money keeps growing, even while you’re using it.   ✨ Key Takeaways: IBC puts you in control of your money — no more relying on banks. It works for more than just cars — think groceries, bills, taxes, or any big purchase. Your money grows uninterrupted, even while you’re using it. IBC isn’t a get-rich-quick scheme, but over time, it outperforms traditional methods. It’s customizable — you don’t need to start with $5,000 a year.   Part 2 is coming up — we’ll dive into why IBC looks “slower” early on and what’s really happening behind the scenes. See you there!   Resources Mentioned:    📩 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!