“In order to be able to lift your teammates up, you have to start with yourself.”
Welcome Back to The O Club Podcast! We are joined today by Brandon Jenkins. Brandon humbly believes in lifelong learning, continual growth, and focusing on the things that he can control. He takes action every day in line with those principles in order to build his resilience in order to help his teammates get stronger. The same principles apply to personal finance.
He believes the way to build real wealth and enable you to help your teammates, and more people, in general, is to incorporate resiliency into your financial strategy.
Brandon helps his teammates incorporate properly designed whole life insurance to build a resilient strategy that can handle the volatility and uncertainty of the markets—a framework for decision-making that incorporates the core principles of risk, control, guarantees, and liquidity among others.
With no further ado, let’s hear more of Brandon’s story. So hold on tight and Let’s March In!
[00:00 - 08:13] The Benefits of Whole Life Insurance
Brandon Jenkins is a financial professional and active duty Navy officer who coaches and is all about the team. Brandon's financial knowledge was limited when he first started learning about personal finance, and he found himself maxing out his IRAs and Roth IRAs before he realized that he wanted to learn more about the strategy. Brandon's pivot point was when he read Nelson N.'s book, "Becoming Your Own Banker." In it, Nelson lays out the concept of the infinite banking concept, which is using whole life insurance as an asset management tool. Brandon began to use this strategy
[08:14 - 15:45] Understanding Financial Strategy Risk Vs Control
You want to allocate a good portion of your capital in Tier 1, which is safe and guaranteed liquid not volatile, and not tied to the stock market. Building your tier one up and safe so you able to leverage that equity Tier 2 are hard assets, these are assets that build equity and it can also give you cash flow, such as multifamily The first 2 Tiers are designed based on your unique desires and principles that are important to your level of expertise. Tier 3 for Brandon is for riskier investments where you have less control but higher potential rates of return. For someone just starting out, you would put your money in tier two until you develop more expertise. Tier 4 is a risky investment with no guarantees of return. Such Mutual funds, stock markets, Crypto Very little control or no control at all.
[15:45 - 23:31] Building a Financial Strategy That Works
You should start building your financial strategy from the ground up, depending on when you are trying to implement the strategy. In that case, you would want to redistribute some of your assets to properly fund the different tiers. The order matters in how you do things, and I would say that even if you weren't using whole life insurance, the first place your money should go is somewhere where you control it. With whole life policies, you have multiple options for generating income and growing your money tax efficiently. Cash flow is a big factor with whole-life policies
[23:31 - 26:15] Closing Segment
Reach out to Brandon Links Below Final Words
Becoming Your Own Banker: Unlock the Infinite Banking Concept
Connect with Brandon via LinkedIn
Or visit www.tieronelifeinsurance.com
“How do you get a stronger mind? You learn and you start to build resilience. In yourself and in your thinking.” - Brandon Jenkins
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