119 episodes
Wealth Warehouse The IBC Guys via Podcast Principles
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- Business
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5.0 • 108 Ratings
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On Wealth Warehouse, we challenge you to transform your financial future through the principles of the most profitable business in the world: banking.
We believe everybody should be involved in 2 businesses: the business that you're in, and the banking business. Every day people can replicate what bankers have been doing for centuries to leverage capital and build wealth through private lending.
Join us as we uncover the truths about money, expose lies and myths, and flip conventional financial advice on its head.
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Episode 116: Infinite Banking: Listener Q&A Session
In this week’s episode, Dave and Paul are answering YOUR questions from the comments..
From the philosophy behind taking out policy loans and why loans shouldn’t be feared in general – to 10/90 policy designs and the easiest way to expand your bank..
If you’re poking around the IBC concept and looking to learn more, this episode is a great place to start!
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
1:55 - Responding to some more comments
4:40 - Explaining the concept
8:09 - Some recommended reading
11:38 - Recommendations for people looking to learn more
14:28 - Revisiting the “lawnmower epiphany”
15:30 - Loans should not be feared
20:41 - Tithing
26:03 - Easiest way to keep expanding your bank
30:51 - 10/90 Policy Design
35:01 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com -
Episode 115: Infinite Banking: Playing Hardball With IBC Haters
If you’ve listened to even a handful of episodes, you know that IBC comes under constant fire from people that don’t understand the process and most importantly – the benefits.
Between 401k believers, CFPs and internet commentators to the influencers and talking heads like Dave Ramsey – there is no shortage of critics and detractors looking to discourage the process of becoming your own banker.
Whether it’s trolls on the internet, or “Uncle Bob” at Thanksgiving, Dave and Paul take this episode to help you navigate the myriad of critiques you may encounter in the wild – and how you can respond..
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
3:24 - Responding to an IBC hater
7:35 - The question of compensation
14:23 - Can you setup your policy yourself?
16:01 - “Insurance companies keep the cash value after you die”
19:25 - “You have to pay interest to borrow your own money”
22:05 - “IBC sounds risky”
25:56 - “Only idiots buy whole life insurance”
32:05 - “IBC is too good to be true”
34:44 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com -
Episode 114: Infinite Banking: There Is NO Substitute For Life Insurance
In this week’s episode, Dave and Paul dive into the philosophical outlook on retirement.
Why escape from your life? You should be creating income by doing what you want.. But most importantly, you should be covered come “retirement time” when you want to put up your feet and enjoy yourself..
In this episode, the guys break down what life insurance really provides you – in terms of certainty, flexibility, and a safe hedge against life's problems.
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
3:09 - What’s the best investment in the world?
11:05 - Key person insurance
17:55 - What life insurance provides people
24:06 - Hedging against the problems of life
27:23 - Assets vs. guaranteed assets
30:47 - Flexibility, options, certainty
31:54 - The living benefits
35:13 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com -
Episode 113: Infinite Banking: Why Everyone Needs an Income Plan, Not a Retirement Plan
It’s common for most people to fall into the mainstream thinking when it comes to retirement. The whole idea of “having enough” to retire and not considering what money you have coming in – is one of the biggest mistakes most people make.
In this week’s episode, Dave and Paul challenge you to change your thinking about retirement – to change your mindset from “retirement planning” to “income planning”.
They also touch on a great “IBC in Action” example, as well as some tips for managing your windfalls..
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
1:13 - Dave’s new painting and the investing analogy behind it
4:13 - Treating your retirement like a business
9:34 - IBC thought-in-action
12:36 - Managing your windfalls
16:43 - Retirement and income
18:35 - How to analyze your “income plan”
22:31 - Your personal economic situation
25:36 - The passive income qualities of IBC
27:24 - The opportunity cost of your income plan
29:16 - Who’s in control?
30:37 - Does your plan create income or just accumulate capital?
37:26 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com -
Episode 112: Infinite Banking: Where Can You Find More Cash To Fund Your Premium?
There is always the issue of grasping the IBC concept in general. But when you do, you may find yourself looking to pay as much premium as possible.
In this week’s episode, Dave and Paul explore some client stories and their own experiences expanding their own system – where to find extra premium and how you can get your policy going as quickly as possible!
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
0:46 - Paul’s metro adventures, Uber, getting older
5:49 - Responding to a YouTube comment
9:54 - “IBC in action”: How do I find additional cash for premium?
15:26 - Dave’s experience w/ lump sum and a client
16:54 - Thinking long range with premium
21:01 - Who pays all the taxes?
22:03 - Where can you find more premium?
28:10 - IBC simplifies your life
30:19 - Having your lifestyle under control
32:43 - Good fits and poor fits
36:11 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com -
Episode 111: Infinite Banking: Expanding Your System to Accommodate Future Income
There are a lot of “a-ha” moments in IBC that only come along once you’ve immersed yourself in this process for a little while.
One of those moments is when people realize that they want to expand their system.. But how? Where do you start?
In this week’s episode, Dave and Paul discuss this mindset in general – as well as ways that you can reorient your policy and start expanding it today.
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
3:01 - “IBC in action” and Paul’s construction loan saga
6:25 - How did IBC fit into Paul’s construction process?
9:52 - Adjusting your policy
13:30 - Some ways you can expand the system?
18:14 - The “how” for expanding
20:59 - The best way to plan
25:08 - Another strategy to add a little more room in your policy
27:21 - A real-life example of “expanding your system”
30:39 - Doubt and taking risks
33:00 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com
Customer Reviews
Incredibly Enlightening
I have listened to every episode and re-listened to many. Would highly recommend others do the same. There are things I’ve learned through this podcast that have had a very immediate and lasting impact on my financial life for the better. Thanks Dave and Paul.
Really good IBC podcast
Paul and Dave do a great job. I started doing IBC in April of 2023 and after reading Becoming Your Own Banker I binged several IBC podcasts. I’ve only completely finished two of them. Wealth Warehouse and Life Success and Legacy. I’ve also listened to about half the episodes of Dollars and Nonsense and several of Wealth Without Wallstreet. What I like about how Dave and Paul run this is the content is good enough and thorough enough to help you practice IBC well and correctly but also gives you some insight into what it would be like to be a practitioner helping people design their policies. I’d love to see more client case studies like they have done a few times but this is definitely a top podcast for the material. For context I binged this for about 2 weeks to get through their hundred episodes. Great great content.
Learn something new every episode
I was skeptical about IBC when Paul introduced me to it and started this for our family. I can honestly say it has changed the way we live our lives and think about the future. Paul’s passion for IBC is evident and he loves helping others through the process. Dave is an awesome guy too!! (We thank him often for introducing our family to IBC). Being married to Paul we talk about IBC daily but I still learn something new with every Wealth Warehouse episode!
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