Welcome to episode 50 where John and I have some fun and go a bit off topic to discuss one of the best TV shows of all time. You'll learn how with just a little bit of sound financial planning our favorite character, Walter White, could have left his family the legacy he actually intended.

Instead he became the infamous Heisenberg that led to so much societal mayhem and an epic fall from grace over 5 seasons of the best character arc ever created. The lesson here: the financial choices you make (or don't make) have consequences. We hope you enjoy the episode!

To connect with us about Infinite Banking or even your favorite TV show, you'll find us at www.TheFifthEdition.com. Thank you for listening!

(upbeat instrumental music)

- Hi, everybody.

This is John Montoya

- And this is John Perrings.

- We're authorized Infinite Banking practitioners

and hosts of The Fifth Edition.

Welcome to Episode 50 IBC and Breaking Bad.

This originally was a conversation John Perrings

and I had two years ago and we thought we would roll it out

when the time was right.

And on the heels of Episode 49, the moral case for IBC

I think this is a good time

because in the previous episode,

I discussed right and wrong.

Is IBC right? Is it right for you?

Is it right for your family?

And is it right for society? And all above the board.

Yes, absolutely.

And what happens when you don't take care

of yourself and your family?

Well, society decays.

So, we hope you enjoyed this episode. It's a short one.

And here you go.

- I started watching Breaking Bad again.

So, I know you're a, you're a fan of the of Breaking Bad.

I think I was inspired by our conversations.

- Just don't get into any bad habits.

- (laughs) Of like what type, binge watching Netflix?

- (laughs) No, I mean, I mean the meth building empire.

(both laughing)

- Yes. Well, I mean, how else are we supposed

to use our life insurance cash value?

I mean, think of the returns we could get on. (laughs)

I'm just kidding. (laughs)

- Yeah. You just gotta find some methylamine.

- Yeah.

- A really good chemist to show you the ropes.

Of course, you do need a distribution channel.

- That's right. That's true.

- So.

- That's probably the hardest, the hardest part of it.

All I gotta do is find a chemist,

the high school chemistry teacher with cancer

and I should be I should be good to go

with that part of it. Should be easy.

(both laughing)

- Just make sure you get a really large policy

before you do all these things.

- Right, right. Oh yeah. Yeah.

Yeah. It was like, I think we already talked about it.

I mean, I was, I think I'm on like episode three

or something. And like if he had life insurance,

he would that he would've never even done it.

It would be over episode one. Done.

- Right. Even, even a term policy, maybe.

You know, depending how long of a term he purchased,

but yes. Some sort of life insurance policy,

and he could have just enjoyed the rest

of his days with his family.

- Yep.

- Yeah. Pretty amazing though. I, I just.

I, I love the the character arc in that show.

How he just- - Yeah.

- was, you know, a chemistry teacher

and then became this menace to society.

And it happened all in the space of,

I mean essentially two years.

But over that first year you really start to see

that metamorphosis. And it just,

it's it's a complete story arc, which is so rare.

- Yeah, really. Yeah. I totally agree.

It's it, it's one of those shows

that did a good job with the, the actual story arc.

Like, you know, you go to a show like Lost

and it's like what is this show even about?

Like you could tell they didn't really have like much

of a plan for that. Whereas this was,

this was definitely, definitely different.

And to your point, what's interesting is

not only did he become a villain,

but like re-watching, you know

these first few episodes. He had that whole thing

where he started that company when he was young.

And then got- - Right.

- Got screwed.

And so kind of was this brow beaten man

who kind of like had to, you know,

he went to something that is good.

Like high school chemistry teacher is important,

but maybe wasn't his like passion.

So, this whole thing sort of forced him to like go back

into that previous opportunity of like being able

to like run his own thing,

but just went all the way with it.

And became a complete tyrant and did the whole thing.

So, it's, I mean, lot of really good stuff in that,

in that show.

- You know, you, you mentioned the TV show Lost

- Mm-hmm

- And how they really didn't have a plan.

- Yeah.

- This for me is, is how Breaking Bad really changed TV

and why- - Mm-hmm

- It's one of the best shows.

I think of all time. Prior to Breaking Bad,

you had network TV,

which really- - Mm-hmm

- Didn't have a plan in place-

- Right. - For their shows.

You look at a TV show like Lost, which I, I love too.

And, and people will love or hate the ending to that show.

I personally- - Right.

- Liked it.

- Mm-hmm

- And I'm in the minority there.

But the thing with network TV at that time is

that you had how many episodes in a season?

I think like 26?

and you had- - Yeah

- To have all these filler episodes

that basically didn't go anywhere

or didn't add to what was happening

in the previous week. That tends to muddle up the show.

And with Breaking Bad, you had a, A to Z.

This is where it's gonna start.

This is where it's gonna end.

And so, it was the first TV show

that was really built out like that, that I can think of.

And you know what it got me thinking too.

While you were saying that, talking about Lost.

About having a plan in place.

Well, you think about what we're doing to kind

of tie this all back to Infinite Banking.

- Mm-hmm

- This is a definite plan that has a starting point

and an end point.

- Yeah.

- And the freedom to do, you know, what you will

in between. For traditional type

of financial planning,

there really isn't that aspect of an end game.

It's, I mean, you kind of have a, like

I hope it's gonna be this,

but I don't know- - Right.

- And I've really gotta put

a lot of money towards it and, and hope and pray and manage

and, and hopefully get there.

But there, there, there are no guarantees whatsoever.

No blueprint to get you to where you want to be

by that timeframe.

And so, in a way, I, I sort of liken IBC

to the arc

of Breaking Bad, because-

- Mm-hmm

- You know you can see this metamorphosis

with Walter White happen over time.

And ultimately, you know, he's gonna,

you know it's not gonna end well,

(Perrings laughs)

- But it will end. You know, there's,

you know, it's coming and you're on the edge

of your seat the whole way

and it just gets better and better.

- Yeah.

- And that's kinda the way IBC is too

in a way in that it gets better and better.

And, you know, ultimately

even if you pass away tomorrow, next week, next year,

or 20 years from now, there's a end, end game to it.

- Yeah.

- And everything's gonna work out exactly

the way you want it, even if you're not around to see it.

- That's right.

And it ends up well for your family (laughs)-

- You know, regrets.

- Yeah. That's, I mean, that's good.

It's like Breaking Bad versus Lost.

You know, what you wanna, you wanna a full plan?

Or full story arc?

Or do you wanna just kinda fly by the seat of your pants?

- And not only that,

but do you wanna make the right choice for your family?

Well, in advance and you can do that

by simply going out and getting approved

for a life insurance policy doesn't necessarily have

to be an IBC whole life policy.

Preferably, because it does have the guaranteed legacy. Yes.

But you can avoid

going from Walter White to Heisenberg

by simply getting a term policy.

Hopefully at a minimum, at least do that.

Don't be forced into making poor decisions

because life happens. Go out and take care of yourself.

Take care of your family.

Do what's best for their interests.

And ultimately you'll find

that no matter what comes your way, you have the peace

of mind knowing that you've taken care of your family.

And you can avoid all the poor decision making

that ended up derailing Walter White's legacy

and ultimately led to his demise.

Well, that's gonna do it for this episode, episode 50.

Thank you for hanging with us.

Hope you enjoyed this kind of behind the scenes dialogue

that John and I had ended up on the cutting room floor,

but we saved it, preserved it. And two years later,

here you go.

If you have questions about Infinite Banking,

and you would like to avoid becoming like Heisenberg,

let us know, reach out to us.

We're happy to answer all the questions

that you have at thefifthedition.com.

You can book an appointment with us

Send a message to ask some questions.

We'll reach out and help answer any questions that you have.