The IBC Guys

Episode 66: IBC and The Psychology of Money: Reasonable > Rational   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  We discuss Chapter 11, Reasonable > Rational.  Housel discusses the need to remember the human side of how money is used when making decisions.  There is often a best, rational choice when it comes to money, but that choice may not be the most reasonable.  Housel encourages the reasonable choice because it is more realistic and is tenable over the course of a longer amount of time.  Excited to discuss and excited for you to join us! Also in this episode, Dave toots his own horn, Mike likes chocolate but not the kind you think, and Dave puts his IBC Cash Value to a practical use!  Key takeaway: “Do not aim to be coldly rational when making financial decisions.  Aim to just be pretty reasonable.” - Housel   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

Episode 65: IBC From Someone Else: What Do Others Say About Policy Design?   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave takes a look at IBC through the eyes of another producer - someone else who works with IBC.  In taking a look through their free guide, what do they have to say about policy design?  What do they encourage?  Caution?  Does what is said line up with what Mike and Dave talk about?  More importantly, does it line up with what Nelson Nash talks about?  All this is done with the goal of helping you decide what you think.  Join in and let’s talk IBC policy design!   Also in this episode, Dave says “stuffs”, Mike is traveling the world, and Dave is ready to go golfing. This is as practical and implementable as an episode can get, so don’t miss it! Key takeaway: Both (a) ideology and (b) policy design matter in IBC, but not all whole life policies are created equal—and policy design matters more than most people realize.   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

Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the Psychology of Money series.  Housel wins the award for shortest chapter in a book - 1 page - but it’s thought provoking none the less.  When you admire a car, house, etc., are you admiring the person that owns that possession or are you visualizing what that wealth would look like in your possession?  Housel walks the reader through the paradox of ‘loud’ wealth and how it doesn’t really work as most people assume.  Dave then takes IBC and discusses how IBC fits within that paradox.  Man, what a great discussion! Also in this episode, Dave kills stuff, he makes up a new catch phrase, and he ends on a great on liner.  Join him for a thought provoking episode!   Key takeaway: Trying to look rich is one of the fastest ways to stay poor.   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

Episode 62: IBC and The Psychology of Money - Freedom   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we jump back into the Psychology of Money series.  Housel provides a great chapter on the idea of ‘Freedom’ and, then, how money helps one realize that freedom.  Dave takes it a step further and provides two ideas on how IBC provides the financial freedom Housel talks about - (1) freedom from banks, and (2) compounding financial freedom over time.  Have you ever wondered what it was like to work when you wanted, where you wanted, and with whom you wanted?  Let’s discuss it now! Also in this episode, Mike is taking Dave on a scary trip, Dave’s Dad brings home a Porsche, and RV’ing with your dog never sounded so good!  Join Dave in taking a look at ‘freedom’ through the lens of IBC! Key takeaway: “The highest form of wealth is control over your time.”   -Housel   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!

Episode 61: What Makes a Good Agent? - with Yvonne Burke   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Yvonne Burke joins Dave once again to discuss “What Makes a Good Agent?”  ChatGPT certainly has an opinion, but Yvonne would argue that it’s missing a key aspect in determining a quality agent.  As the discussion unfolds, the foundational heart issues around being a good agent are discussed, along with the challenge of asking hard-hitting questions of your current or potential agent.  We also encourage listeners to be confident in asking questions and describing their needs - this will provide great insight into your agent as a person and as a professional!  This is a good one - don’t miss it! Also in this episode, Dave cannot say “ChatGPT”, we become doctors, and Yvonne is pretty much one of the Guys at this point.  Jump into this episode if you’re struggling to make that leap in reaching out about IBC! Key takeaway:  CHALLENGE your agent.  Ask them questions that are foundational to what you as the client want and need.   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

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

Episode 59: IBC and the Psychology of Money - Getting Wealthy vs. Staying Wealthy 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 examine the difference between (a) getting rich and (b) staying rich.  For clarity, the definition of ‘being rich’ in this episode is accumulating financial wealth.  Dave would define “being rich” as something entirely different, but the premise is getting money to flow through one’s financial system, so the definition is necessary.  Housel goes on to describe how to keep the money within one’s system, specifically human behaviors in how to make that happen. As Housel takes us through the difference of getting rich vs. staying rich, and Dave works to take the listener through how IBC automatically keeps the Owner of the policy making money.  Legacy wealth, baby!  IBC is structured in a way that more and more of the money that is run through the policies comes back to the one’s financial system.  Don’t miss this episode! Also in this episode, Dave is encouraged by a client, he talks about a whole bunch of books, and Dave bashes professional athletes and rappers.  Take a listen!  Do you agree or disagree with what it takes to remain wealthy?   Key takeaway:  “Staying wealthy takes a combination of frugality and paranoia.”  - Housel   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

Episode 58: IBC and the Psychology of Money - Confounding Compounding   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  This chapter fits perfectly into the ideology of IBC - have your money work without you while NOT interrupting the compounding growth.  Housel examines how money grows (compounds) over time when it’s left alone, and Dave takes it a step further to examine how a properly structured policy does this very same thing for you!  This episode is a perfect reminder of one of the main reasons getting your money on the ledger and having it grow for decades - uninterrupted - is one of the biggest catalysts in creating legacy wealth.  Don’t miss it!   Also in this episode, Dave can’t say two words in a row, he admits to not being a Warren Buffet historian, and Dave reads the biggest number ever out on a podcast.  Sit back and enjoy talking about big dollar amounts!   Key takeaway:  “It’s about earning pretty good returns that one can stick with and which can be repeated for the longest period of time.”  - Housel   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

Episode 57: IBC and 501(c)(3) - with Yvonne Burke Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave has the privilege of joining Yvonne Burke in a conversation around how IBC can be used within the context of 501(c)(3)’s - ideas, practical application, and implications.  The duo discusses financial transparency within non-profits, along with their financial responsibility, and the overall pressure 501(c)(3)’s face in stewarding other people’s money.  Yvonne provides practical applications in (1) the players within a policy for a 501(c)(3), (2) five specific options in leveraging a policy within a non-profit, and (3) the biggest hurdle facing people looking to get their first policy.  This is a good episode - buckle up! Also in this episode, Yvonne knows everyone, we may rename the show, and we reveal the secret on how to give the same dollar to your church note once, but twice.  Excited for you to join us! Key takeaway:  “It’s not difficult - it’s just different.” Yvonne Burke   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

Episode 56: Is Scarcity in Business a Man Made Concept?   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Mike and Dave pose a philosophical question: Is the idea of scarcity in business a man made concept?  The guys talk definitions, how we’re taught scarcity, and a better option in how to approach the idea that one doesn’t have enough.  When the idea of business is reframed outside of what we are taught, the idea of scarcity tends to fade away in lieu of what actually exists within the business world.  Listen in to see if you agree with the idea or have thoughts that counter the notion that scarcity in business is a man made concept! Also in this episode, Mike tells stories from the 1990’s, Dave gets kicked out of the two-comma-club, and Dave interrupts Mike more than he should.  Join us for an episode that works to help reshape thinking within the business world and how IBC fits into.  Key takeaway: There is a better way than working for 40 years and then retiring.  That is a scarcity mentality.   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

Episode 54: IBC and the Psychology of Money - Never Enough   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave begins exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the idea of "Keeping up with the Joneses" and its effects on ones’ thinking about money.  Dave then explores the ‘never enough’ mentality through the lens of IBC. This is a GREAT episode to sit back, reflect, and examine your own ideas about money.  Enjoy!   Key takeaway: “Enough is not too little” -Houser   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

Episode 54: IBC and the Psychology of Money - Luck and Risk Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the roles both luck and risk play within any financial maneuver.  Dave discusses some specific examples, relates Housel’s premise to IBC, and then compares and contrasts Housel’s thinking within the ideology of the Infinite Banking Concept. Also in this episode, Dave thinks his episodes are cool, he buys silver, and he tries to sound smart by using the word metacognition.  Don’t miss this episode to see how luck/risk fit into the ideology of IBC! Key takeaway: Both luck and risk play major roles within any financial investment.  Acknowledging this leads to humbleness when things go well and sympathy when they don’t.  IBC helps mitigate both luck and risk when investing.   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!

Episode 53: The Psychology of Money - No One is Crazy Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave begins exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  Housel comes out of the gate stating “No One is Crazy.”  How people think about money are shaped by their life experiences and money decisions are often made emotionally rather than rationally should be kept at the forefront when discussing money.  Dave works to explore this thinking and how it relates to the discussion of IBC. Also in this episode, Dave is too mean to financial advisors, asks for your help in emailing Mike, and he loves Yard Goats! Key takeaway: “You know stuff about money that I don’t, and vice versa.  You go through life with different beliefs, goals, and forecasts, than I do.  That’s not because one of us is smarter than the other, or has better information.  It’s because we have different lives shaped by different and equally persuasive experiences.”   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

Episode 52: The Unconference and IBC’s Place Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave attended an invitation-only conference where he was able to talk about IBC with high-level entrepreneurs.  Some people had never heard of IBC, others had secured and were using their own policies, and others had a less than positive view of IBC.  As Dave talked with those in that last category, he remembered and then recorded their reactions to IBC, all for this episode! This week’s episode focuses on six (6) less than positive reactions to IBC and, then, Dave’s interpretation of those reactions.  Based on Dave’s experience, he makes some educated guesses as to how their thoughts around IBC were shaped, knowing that you may have some of those same thoughts.  Sit back, listen, and please use this episode to help evaluate your own IBC journey!  Also in this week’s episode, Dave says the same word over and over, he is in way over his head, and Dave wants your thoughts!  Thanks for listening!   Key takeaway: Negative perceptions of IBC usually stem from (1) a lack of education or (2) an agent that builds a policy with their own best interest in mind, not the client’s.   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  📩 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

Episode 51: Teach You to Be Rich - The Myth of Financial Expertise   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich.”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a platform, Dave tackles Chapter 6 titled “The Myth of Financial Expertise.”   The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept. This week’s episode focuses on so called financial experts and their role within the systems that build wealth.  Mr. Sethi believes that ‘experts’ are often incorrect and can hide behind discussions that are more complex than the average person can understand.  Dave agrees with that premise and works to find IBC’s role within a financial system using that same premise. Also in this week’s episode, Dave needs to ride a backwards bike, he is grateful for you, and he doesn’t like looking at himself as he records podcasts.  Join Dave for another great episode within this mini-series! Key takeaway: Sethi argues that one doesn’t need financial expertise to get rich—just a simple, automated system that minimizes costs, avoids emotional decisions, and runs consistently over time. Dave adds that IBC provides a foundation that makes that system financially bulletproof.   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  📩 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

Episode 50: A Better Question - A Question IBC Doesn’t Ask but Helps Answer    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave and Tim ask a better question.  Often, when people feel as though they don’t know enough about a given topic, they don’t feel as though they know what question(s) to ask.  Dave and Tim present a question that often doesn’t get asked: Where should my money live when I’m not actively using it? As the IBC Guys have gone through this mini-series Teach You to Be Rich, an assumption is made - that one knows where their money should stay while they’re deciding what to do with it.  In this episode, Dave and Tim don’t make that assumption.  They discuss the options for where money should stay when it’s not being used and then, provide an answer for the questions through the lens of the Infinite Banking Concept. Also in this episode, Tim talks some sense into Dave, Stanley is a cuddle buddy,and Tim has groupies.  Join us for a great discussion on where money should lay when it is not actively being used.   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  Tim’s Email: [email protected] 📩 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

Episode 49: Teach You to Be Rich - Conscious Spending (Chp. 4) Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich (?).”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a comparison, Dave tackles Chapter 4 which is titled “Conscious Spending.”   The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept. This week’s episode focuses on being purposeful on how one spends their money.  Mr. Sethi suggests 4 categories in which to define and establish one’s values.  Those categories are (1) Fixed Costs, (2) Investments, (3) Savings, and (4) Guilt-Free Spending.  Dave discusses these four main categories and explores the following:  Did Mr. Sethi miss anything?  Can IBC fit into this framework?  If so, how?  Can IBC help expand on Mr. Sethi’s framework? Also in this week’s episode, Dave’s boy rides his hoverboard by the office, he uses tv shows as analogies, and Dave gets help from two special guests!  Don’t miss this episode! Key takeaway: “Conscious Spending helps one live rich today.  Infinite Banking helps one live rich tomorrow—without sacrificing today.”   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  📩 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

Episode 48: Teach You to Be Rich(?) - Investing   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich (?).”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a comparison, Dave tackles the Chapter titled “Get Ready to Invest.”   The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept. This week’s episode focuses on Investing.  Dave is not a certified financial consultant nor is IBC an investment of any sort.  As someone who has almost every type of qualified plan, Dave does have knowledge on the topic of investing as most people understand it.  Listen in as Dave looks at Mr. Sethi’s recommendations through the lens of IBC.  Can IBC make you money faster?  Make you money better?  What are the options?  Are investing and IBC mutually exclusive?  Tune in this week to find out!     Also in this week’s episode, Dave is hungry, he likes Nike books, and he wants to help with anything in which he is able!  Check out this great episode! Key takeaway: Ramit Sethi teaches the reader how to be a smarter customer inside the banking system.  Infinite Banking allows one to stop being the customer and start being the system.   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  📩 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

Episode 47: Teach You to Be Rich - Banks   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave starts a new mini-series titled “Make You Rich.”  Ramit Sethi’s book I Will Teach You to Be Rich caught Dave’s eye and was a great read over the past week.  The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept. This week’s episode focuses on Banks - the good, the bad, and the (mostly) ugly.  How does Mr. Sethi see banks?  How would he manage his accounts?  How does what a bank provides compare to what IBC provides?   Also in this week’s episode, Dave doesn’t create episodes to hear his own voice, he finds a new book for his kids to read, and he hopes to be a sounding board.   Key takeaway: Ramit Sethi teaches the reader how to be a smarter customer inside the banking system.  Infinite Banking allows one to stop being the customer and start being the system.   Resources Mentioned: [Link HERE] Ramit Sethi’s “I Will Teach You to be Rich”  📩 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

‘Best Of’ 1: How Banks Are Stealing Your Wealth   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, we take a look back at one of the most listened to episodes on the ‘Best Of’ series. Sit back, relax, and it’s our hope you’re able to gain a new insight into IBC as you re-listen to this important episode. As always, if Mike or Dave is able to help, please don’t hesitate to reach out at the socials below.   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 45: AVERAGE vs ACTUAL Rate of Return - with Joe Pantozzi   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Joe Pantozzi joins Mike and Dave to talk through how people often describe investments - the average rate of return.  Joe lays it all out there - the numbers, all of the variables, and the broader perspective - to allow the listener and viewer deeper insight into how new knowledge can shape perspective when it comes to rates of return.   Simply put, the average rate of return is rarely ever the actual rate of return in an investment.   Included in this episode: Figures can lie, liars can figure Numbers all by themselves can be misleading When one adds a specific timeline, human nature, and market volatility to the equation, one often gets a completely different result than the average rate of return One can average double digit nominal returns and still run out of money in retirement One needs to look at the entire picture - income, outgo, assets, liabilities Joe, Mike, and Dave are able to help you create a plan Ownership = control = wealth = FREEDOM    Also in this episode, Dave knows when to be quiet, Mike is an esteemed guest at an estate, and Joe is very smart.  This may be the one episode that you don’t want to miss!    Key takeaway: “The solution to financial problems is not a product.  The solution is a mindset."     -Joe Pantozzi   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 44: [Part 2] Kyle Busch Revisited…with Mike!   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave finish their conversation based on the Kyle Busch situation being played out within the media.  The guys reaffirm their position on why they use Whole Life policies over IULs, talk through situations they’ve encountered in the life insurance space, and double-down on their desire to put the client first in any policy they build.   Also in this episode, the guys wear the same clothes, everyone wants to talk with the Costco gas station attendant, and Mike calls things ‘sexy.’  Join us for the conclusion of an important discussion that’s relevant in today’s society! Key takeaway: Mike and Dave will always put the client ahead of any commission that is to be made.   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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 43: [Part 1] Revisiting Kyle Busch - with Mike!    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave revisit the Kyle Busch situation.  New information has come out reading the creation of the policy, the agent who facilitated the policy, and the actions of the Busch family.  There’s lots to talk about in this situation and Mike and Dave work to hit the highlights in this two parts series.      Mike and Dave talk through their reactions to the new information as well as the benefits and risks of leveraging IBC through an Index Universal Life (IUL) policy as the Busch family did.  The guys also make educated guesses on how and why things went wrong, providing tangible examples on what to look for when thinning through IUL’s as an option for an IBC policy.  Lastly, the guys discuss why both they and the larger Nelson Nash Institute community choose Whole Life policies instead of IUL’s to facilitate the Infinite Banking Concept.      Also in this episode, Mike is an LL Cool J fan, the guys talk Jordan shoes, and Dave is excited to have Mike back on the podcast!   Key takeaway: For an IBC policy to perform as intended, two things need to happen: (1) the agent needs to build the policy in a way that is knowledgeable and benefits the client, and (2) the client needs to follow through with the promised funding of the policy.   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 42: Instead, Make Sure to IBC Like Walt Disney   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave talks about a famous person that did it correctly - Walt Disney!  Mr. Disney needed some cash to begin his journey of starting Disney World, and the bank wouldn’t give the cash to him!  So, like most that would do pretty much anything to realize a dream, Mr. Disney leveraged an asset he had control over - his life insurance policy! Dave talks through an example of someone famous who leveraged their permanent policy to achieve something great!  Dave goes on to talk through how this same line of thinking can help you leverage a Whole Life policy to ensure that the money your family is sending stays with your family forever!  A flashback to the 1950’s, Mickey Mouse, and talking talking family legacy - this episode has it all! Also in this episode, Mike buys some Jordans (!), Dave is tired of talking into a vacuum, and we discuss the “happy place on earth!” Key takeaway: Use Walt Disney’s example as inspiration — but design your policy with care and make sure the policy is specific to your needs.     Resources Mentioned: -Disney Story Source #1: https://www.peoplesvictory.org/howlifeinsurancebuiltdisney -Disney Story Source #2: https://www.youtube.com/watch?v=thVkz8e6ta0 -Disney Story Source #3: https://www.commercebank.com/personal/ideas-and-tips/2021/the-story-of-the-loan-that-helped-build-disneyland   📩 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

Episode 41: Don’t IBC Like Kyle Busch Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave talks about a big story in the Life Insurance World!  Kyle Busch, the famous NASCAR driver, is suing his insurance company and his former agent because the policies that were created for his family were not meeting the promises that were described from the onset. Taking this tale of caution and diving deeper, Dave ran across Bobby Samuelson, a gentleman that stakes his claims on providing unbiased opinions on life insurance products.  Naturally, Dave had to find out what Bobby had to say about the Infinite Banking Concept. Bobby breaks down the good, the bad, and the pitfalls of IBC while Dave provides the synopsis so you don’t have to read everything for yourself.  Sit back, relax, and be ready to hear a non-IBC guy’s perspective on IBC.  Let’s go! Key takeaway: “If you have stable, sufficient income, are patient, want more control over how you access and use capital, and are comfortable with a long-term life insurance policy — then IBC is a good fit.”    -Bobby Samuelson   Resources Mentioned: -Kyle Busch Story: https://lifeproductreview.com/2025/11/03/443-busch-v-pacific-life/ -Bobby Samuelson’s Website:  https://lifeproductreview.com/  📩 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

Episode 40: The Other Side of IBC Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave takes a look at the other side of IBC: the Life Insurance Component.  Much is made of the banking capabilities in IBC, but the life insurance side is often overlooked.  The fact that an IBC policy is tied to a life insurance policy provides stability, tax free implications, and legacy building power for generations.  Dave provides five thoughts on why building IBC policies around life insurance is so important.   Also in this episode, Dave calls people negative terms, forgets one of the most important parts, and works to convey that there are bigger things in life than money. Key takeaway: “Even though we talk a lot about the cash value and control aspects of Infinite Banking, at its core, we’re still dealing with a life insurance contract — and that brings built-in protection.”   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 39: Critiques, Claims, and Cash-Value - IBC Conversations Online Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave dives deep into the internet world of finance.  After someone asks a question about IBC in a financial forum, Dave reads through the responses.  There is some good, a lot or misunderstanding, and some downright incorrect.  If you understand IBC in some of the ways stated in this episode, Dave’s goal is to shed light on the misinformation used to formulate the responses.   Also in this episode, Dave can’t talk, he calls out a big-wig for not knowing IBC, and gets mad at punctuation!   Key takeaway: Please, please, please - learn what IBC is and does.  THEN make your decision on whether or not IBC is for you and your loved ones.    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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 38: Would ChatGPT Do IBC? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave asks ChatGPT - If you were me, would you do IBC?  As an unbiased third party, ChatGPT walks Dave through the pros and cons of INC from its perspective.  ChatGPT also provides a checklist of things it would ensure are in place prior to jumping into building a policy, building on foundational principles and into financial literacy understanding.  Join Dave as he picks the brain of artificial intelligence, with the goal of helping you better determine if IBC is correct for you and your loved ones!  Also in this episode, Dave goes too slowly, feels weird in conversing with AI, and can’t enunciate coherently to end a podcast.  Key takeaway: “If I were a person living in the real world (with a job, income, family goals, and taxes to pay), I’d definitely look into IBC—but I wouldn’t jump in blindly.”   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 37: IBC Stories: Yvonne Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave is excited to interview Yvonne Burke, an IBC expert and a long-time practitioner in her own right.  As an expert, Yvonne talks through people’s most asked questions when starting IBC, provides simple, succinct advice in getting started, and she shares where she made her biggest mistake in getting started.  Yvonne also addressed ‘the noise around IBC,’ what to look for in an agent when getting started, and misconceptions that lead to poor choices and, even worse, not getting started.  Sit back and relax with Dave and Yvonne provides experience and insight into IBC. Also in this episode, Dave doesn’t know hot swim, Yvonne becomes a franchisee, and Yvonne watches IBC change lives forever. Key takeaway: "Procrastination is the killer of dreams.”   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 36: Can One Dollar do Two Jobs at Once? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave poses the question. “Can One Dollar do Two Jobs at once?”  The answer: YES!  Dave discusses how this simple question gets at the heart of IBC.  The one dollar (1) stays within the policy growing one dividends, interest, and an internal rate of return while at the same time (2) is able to be leveraged to go pay for the things one already has slated in their budget.  It’s not too crazy to be true - it’s IBC! Also in this episode, Dave surprises himself with a good example, he uses other people’s money, and he’s excited for next week’s episode! Key takeaway: Re-think your thinking.  Understanding that one dollar is doing two jobs at once is a great way to understand IBC!   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 35: IBC Stories - Joe Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave is joined by Joe Pantozzi, the founder and CEO of Alpha Omega Wealth.  Joe has been in the business 50+ years and had the privilege of personally knowing Nelson Nash, the founder of the Infinite Banking Concept.  Joe takes Dave and the listeners through the ideas of ‘re-thinking one’s thinking’ and capitalizing one’s policy - two of the foundational principles in getting started with IBC.  Joe is an expert in the IBC world, so sit back, listen, and learn with Dave as Joe engages everyone in an IBC master-class. Also in this episode, Joe is a Cy Young winner, Dave is a neophyte, and Joe lives in a world that doesn’t have Starbucks.  Listen in for another great IBC Guys episode! Key takeaway: Re-thinking one’s thinking is of utmost importance.  Capitalizing one’s policy takes discipline and the ability to go against the grain.   Alpha Omega Wealth - https://www.alphaomegawealth.com/   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 34: The Trauma Around Money   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses a new book titled The Trauma Around Money: Mapping Compassionate Pathways to Healing Financial Wounds and Disempowering Shame.  Dave is no expert on the topic, but he does talk with a lot of people struggling with different mindsets (trauma) when it comes to money.  Join Dave as he discusses Chapman’s book, discusses his own story in money trauma, and shows how IBC can help combat some of the lies that others tell you and that you tell yourself. Key takeaway: True financial literacy and healing often require going beyond “how to budget, save, invest.”  Instead, one often needs to address first  the emotional, relational, generational stories that exist behind money.   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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 33: Base vs. Paid Up Additions Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses the two components that build IBC policies - the Base premium and the Paid Up Additions (PUA) premium.  He goes through and discusses how each policy should be built for the client and not just as a one-size-fits-all suggestion from the agent.  The Base and PUA should combine to provide the client exactly what they are looking for in the policy.  Dave also discusses the roles of the Base and the PUA, respectively, and how each has its own role within the policy.  If you’ve been looking for an episode that arms the listener in talking about IBC, this one’s for you!    Also in this episode, Dave divulges commission secrets, misses Mike’s profound knowledge, and doubles down on the desire of the IBC Guys.  Don’t miss it! Key takeaway: The Base premium and the PUA premium should combine to be exactly what the client wants.  If it doesn't, the policy is not for them!   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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 32: The Downsides of IBC Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses the downsides of IBC.  The Guys want to get IBC out to everyone, so the Guys thought it time to discuss the downsides of IBC.  Dave discusses the downsides to individual policies as well as the broad overarching downsides of all Whole Life policies.  Dave doesn’t do this alone, though.  He brings in Nelson Nash, Carlos Lara, and Dr. Bob Murphy to help him discuss the aspects of IBC that maybe aren’t so great. Also in this episode, Dave cannot say big words, there’s technical difficulties, and Dave provides unprompted book reviews. If you’ve been wondering what the downsides of IBC are, this is the episode for you! Key takeaway: IBC is not an investment.  The goal of IBC is to monetize money one is already spending.  In other words, to have one's money make money make money. 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 31 - IBC Loan: Is There Interest?    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike is away and Dave works to tackle a question people often ask - “Is there interest when I take a Cash Value loan?”  Discussing the ceiling of Cash Value, the collateral of the Death Benefit, and how the ledger continues to make one uninterrupted compounding growth, Dave discusses how the interest rate comes out to about a 0% interest loan.  All the above, as well as fixed and variable loans, coalesce into an episode that answers the question, “Is there interest?” Also in this episode, Dave has no excuse for rabbit trailing, he discusses how IBC loans are leveraged within his own company, and he teases the coming episode with Mike.  If you’ve been interested in how loan interest works within IBC, this episode is for you! Key takeaway: Any money you’ve put into the policy continues to make uninterrupted exponential growth, even if/while you’ve borrowed against the Cash Value and are paying an interest rate to the insurance company.   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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 30: EVA (Economic Value Added) Part 2 Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave further discuss EVA - or Economic Value Added.  In Part 1, the guys worked to (1) define EVA and (2) provide insight into how IBC considers EVA while allowing one to still use someone else’s money.  EVA is a complicated issue but, at its heart, there is one question:  Has the earning potential been considered for the money you are saving or spending? Also in this episode, Mike is looking for listener help in how to become a guy that collects shoes, Dave dresses in his Mike Stevens uniform, and the guys think they have a lot of time left when they don’t.  EVA is a great advocate for IBC - ensuring one’s money is working for them before using someone else’s money to take care of needs. Key takeaway: Consider the money making potential of your capital before you save or spend.  Then remember, IBC allows one to do both! 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 29: EVA (Economic Value Added) Part 1   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave discuss EVA - or Economic Value Added.  Nelson Nash, the Godfather of OBC, states “One finances everything.”  What he means is that there is a cost to every choice made with one’s money - even saving it in a shoebox.  The Guys work to define EVA, discuss the impact EVA has on making financial choices, and then how EVA relates and shows up in IBC.  This higher level IBC topic is great for those who are just beginning their IBC journey as well as those who have had their policies for years!  Also in the 1st episode of 2 in talking about EVA, Mike is working on his professional wrestling catch phrase, Dave tries to sound smart in quoting Nelson Nash, and the guys compare their own personal banking policies!  EVA is a great mirror to look into when making decisions for one’s financial future.   Key takeaway: If one can, considering EVA is always best when making choices with money.   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 28: Shame in Finances?   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike is away, so Dave and Tim get to hang out and discuss an interesting topic around finances - shame.  The title of the episode has a two-fold meaning: (1) Does one have shame in finances and (2) Should one have shame in finances?  The guys share their thoughts around shame related to their own finances and, specifically IBC, including personal examples of how they have felt shame around finances in their lives.  If you’re looking for encouragement this week, this episode is for you!   Also in this episode, Mike knows everyone, Dave’s Mom thinks he’s crazy, and Tim purchases all of Amazon.  Join the guys as they talk through thoughts and feelings most people have when it comes to IBC and their finances!   Key takeaway: The IBC process is new and can be scary - but the worst mistake one can make is not starting!   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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 27: The IBC Loan Process   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave and Tim talk through the process of taking a ‘loan’ out of your IBC policy.  The guys work to explain the process, discuss common misconceptions and misunderstandings, and compare the IBC loan process with the loan process of a traditional bank.  If you’re ready for practical implementation, this episode is for you! Also in this episode, the jokes are at Mike’s expense because he’s not there, Dave gets mad at himself, and Tim wants to go to Tahiti.  Join the guys for an informative, practical episode on one of the key components of the IBC cash-flow system!   Key takeaway: The loan process for IBC is much MORE efficient and much LESS intrusive than the traditional going-though-a-bank loan process.   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 26: IBC Discussion: Tim Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, back by popular demand, Mike and Dave are joined again by Tim Scheinder, a long time IBC user. Time provides his perspective and insight in IBC in this round table discussion.  Tim is able to talk through some of the same ideas the Guys have discussed previously, but in a different way that brings clearer understanding. Also in this episode, Dave proposes a new title for the podcast, Mike rides a bike backwards, and Tim is an internet model.  Join the guys for a fun, less formal discussion of IBC! Key takeaway: IBC takes time to understand - give yourself some grace!   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 25: IBC Stories: Tim   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave are joined by Tim, a long time IBC user.  Time provides a POWERFUL story in (a) what led his family to utilize IBC and (b) how IBC has impacted his family’s financial future. Also in this episode, Mike tries out for the Senior PGA Tour, Dave gets put in his place, and Tim gets hit up for some of his wife’s cinnamon twists!  If you’re interested in how IBC was used to climb out of debt, you want to tune into Tim’s story!   Key takeaway: Running any expense though your IBC policy - including paying off debt - will completely change your family’s financial future for the better!   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 24: Buy/Sell Agreements: Do You Need One? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave discuss Buy/Sell agreements - definitions, examples, and encouragement in deciding if Buy/Sell should be in your life.  When life changes - death, retirement, disability, etc. - Buy/Sell agreements (a) proactively make the decisions for the change and (2) pay out any financial settlement that may be part of that change.  All the while, the owner of the policy can use the Buy/Sell agreement as an IBC policy, maintaining the control, liquidity, and usage that makes IBC so valuable! Also in this episode, Mike stands firm on his stance about an IBC Guys theme song, Dave gives up on trying to be funny, and the guys offer free things!  It's always a great idea to prepare for change and the guys work to show how a Buy/Sell agreement helps set people up for success when that change inevitably happens!   Key takeaway: Buy/Sell Agreements help put minds at ease while providing the financial stability for change, as well as the benefits of IBC - all at the same time!   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 23: IBC and Trusts: Mike’s Story   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave talk about the relationship IBC policies have with Trusts.  The guys discuss legacy wealth, tax sheltering, and how Mike plans to bless his family for generations. In this episode, Mike decides he wants to (maybe) become a musician, Dave reveals his status as an attorney, and the guys ask for your help.  If you have been thinking about how to ensure your family’s financial status long after you’ve passed, this episode is for you!   Key takeaway: The trust is personal, needed, and trusts benefit greatly when dovetailed with IBC.   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!   #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 22: How Much Money Should Go Into My First Policy? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave talk through an often asked question: “How Much Money Should Go Into My First Policy?”  The guys talk through different considerations, some key questions your family should ask itself, and help you to decide what the best amount should be for your first policy. In this episode, Mike isn’t featured on 48 hours, Dave is glad to have his buddy back, and the guys give the most frustrating answer ever.  If you’ve ever wondered how much money to put into your first policy, this episode is for you! Key takeaway: The amount of premium that goes into one’s first policy id dependent upon the person. 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 21: How Many Policies Should I Have? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses the number of IBC policies that is just right for each individual.  Mike brings life into the world, Dave tries to explain things using cardinal directions, and Dave says things in a weird way - again! Key takeaway: The number of IBC one should have is dependent on the person. 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 20: IBC Guys Update Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave gives a quick status update for the podcast, talks through specific examples of how people are using IBC, and asks you to call!  It’s short and sweet this week. Key takeaway: People are using IBC in all sorts of ways and so can you! 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 19: IBC Stories - Melissa Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, the guys welcome Melissa!  Melissa owns a marketing business that helps people define their mission and then communicate that mission in a way that is impactful and actionable.  Melissa was instrumental in helping the guys launch the IBC Guys podcast.  In doing so, she heard the guys’ story and learned about IBC, eventually leading her to secure her own policy.  Melissa is relatively new to IBC so, if you have been wanting to hear about IBC from the perspective of fresh eyes, this is the episode for you!   Mike, Dave, and Melissa talk through: Melissa’s initial reaction to IBC Melissa’s journey in learning about the in’s and out’s of IBC Melissa’s “a-ha!” moment and how she is leveraging IBC in her own life In this episode, Dave cancels the podcast, Mike asks the world’s longest question, and Melissa has micro-conversations outside of a dugout.  If you have been waiting to hear someone’s thoughts who is newer to the process, this is the episode for you! Key takeaway: Melissa believes IBC allows one to take control of one’s finances, reversing the money flowing away from one’s family and, in turn, watching that same money come back to one’s family over time.   Resources Mentioned: Melissa’s Website: https://melissaleahughes.com/ 📩 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  

Episode 18: Mike’s IBC Story Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike tells his IBC story!  It’s been too long coming, but this is the episode for which everyone has been waiting! Mike and Dave talk through: Mike’s introduction to IBC and his initial reaction Mike’s perspective in the banking system and where IBC fits in (or doesn’t fit in) How Mike realizes has passion of helping people through helping them with the Infinite Banking Concept Mike gets mad, Dave reveals that the IBC Guys has (maybe) millions of listeners, and they unashamedly ask for listeners to email Mike.  If you have been wanting to get to know Mike a bit better, this is the episode for you! Key takeaway: Mike has a sincere desire to help others in navigating the IBC concepts and process. 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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 17: What is IBC? V. 2 Part 2 - "HOW?!" Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave work to explain one key question often asked when talking through the ‘Purchasing a Truck’ example: “HOW does the money run through your IBC policy come back to your family?” Mike and Dave talk through: The Truck Example using one truck The Rate of Return on running your money through your policy How IBC monetizes the capital you’re using to pay for the truck comes back to your family We try to convince Mike to drink coffee, Dave messes everything up, and the guys work to show how IBC grows your money while you use it as you would have anyway.  If you have wondered “HOW?!,” this podcast is a can’t miss! Key takeaway: The mechanics of the IBC policy provide a return on money one is going to spend anyway.  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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom  

Episode 16: What is IBC? V. 2 Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave once again tackle the question “What is the Infinite Banking Concept?”  Using similar examples said a different way, the guys work to answer the question that is asked of them the most.  Mike and Dave talk through: The options of purchasing a vehicle and where IBC fits in The ultimate benefit of having money you’ve already spent return to your account The notion that IBC is so simple, yet is so hard to wrap one’s mind around Mike is chopping down trees, Dave makes up words, and the guys take some time to start at the beginning.  If you want to listen to the same thing stated a different way, don’t miss this episode! Key takeaway: IBC is a cash flow system that monetizes money you're already spending.    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! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom