Secure Your Future by Banking on Yourself - Sarry Ibrahim Episode #118

GUEST BIO Sarry founded Financial Asset Protection 5 years ago. Since then he has dedicated all his energy towards protecting valuable business assets from various risks. He then broadened his scope by also combining a strong healthcare background working directly with notable large health insurance companies like Blue Cross, Blue Shield, Humana, and Cigna Healthspring. It was around that time when he first encountered the groundbreaking whole life policy called “Bank on Yourself.” A thorough asset protection concept where the earned interest of your money is accessible while still remaining protected! Sarry has helped numerous high ticket individuals, from business owners to real estate investors grow their wealth safely and predictably by leveraging the “Bank on Yourself” strategy. The strategy isn’t common practice, and in this episode he shares the gems that have saved and made millions not only for high ticket clients but also for every Joe you know. Listen and find out how you could leverage this too! HIGHLIGHTS OF THE EPISODE 01:41 -  Background of the guest 04:19 -  Aspects of life insurance 07:28 -  Types of life insurance KEEPING IT REAL 28:51 - Monetizing the insurance policy 33:28 - 4 Strategies of Insurance 15:17 -  Which tool is better to use 17:27 -  Playing offense and defense 18:37 -  Benefits of Investments 25:00 - Who can avail insurance policy RAPID FIRE QUESTIONS 37:01 - Favorite Book - Mindset by Carol Dweck 37:10 - Best Habit - writing checklist every single day 37:46 - Misconception about whole life insurance - it’s a terrible investment 39:24 - Importance of social media NOTABLE QUOTES (KEY LESSONS): “It’s not just about trying to find the best interest rate but also, ‘what’s happening with your cash while you’re using your cash’ I think that’s the key to understand.” ‘A banker is a fellow who will lend you an umbrella when it’s sunny out. But once it’s back the second it stops raining.”  “Banks only deal with people who have money or have collateral, and when they don’t have the collateral or don’t have the money or have the proof of income, they want their money back or they’ll deny the loan.”  CONNECTING WITH THE GUEST LinkedIn #ExperimentInvestment