IBC and the Financial Art of War
Episode 5319th August 2022 • The Fifth Edition by Infinite Banking Authorized Practitioners • John Montoya, John D. Perrings
00:00:00 00:20:18

Share Episode

Shownotes

Join us in this episode as we discuss how your finances are like training for a battle.

It's common to use sports-based analogies like "offense & defense" when it comes to money but the typical mainstream financial plan often has tactical disadvantages on both ends from inadequate protection to chasing rates of return in risky investments that underperform.

When it comes to our financial future, we should train like we're going to war. This is where the Infinite Banking Concept provides the financial principles for tactical advantages for life long success.

Have a listen and let us know what you think at: https://www.thefifthedition.com/53

Transcripts

Speaker:

(lively music)

Speaker:

- Hi everybody, this is John Montoya.

Speaker:

- And this is John Parings.

Speaker:

- We're authorized Infinite Banking practitioners

Speaker:

and hosts of The Fifth Edition.

Speaker:

(gentle music)

Speaker:

Hello everybody, this is John Montoya with John Parings.

Speaker:

Thank you so much for joining us for episode 53,

Speaker:

what we are calling, "The Art of War."

Speaker:

I'm actually kind of thinking of calling, it in my own head,

Speaker:

"The Karate Kid Episode," and the reason why is this,

Speaker:

we were having some fun before hitting the record button

Speaker:

and I was talking about, "The Karate Kid,"

Speaker:

and how I grew up watching this movie.

Speaker:

It's an iconic movie.

Speaker:

I think almost everyone has watched,

Speaker:

"The Karate Kid," at least once,

Speaker:

even my kids have watched this movie.

Speaker:

In fact, they're so gung ho about it,

Speaker:

they've been watching the new series

Speaker:

on Netflix, "Cobra Kai."

Speaker:

But anyway, most people have seen, "The Karate Kid"

Speaker:

and whether or not you have studied martial arts or not,

Speaker:

this is a movie that pretty much everyone

Speaker:

at least knows about.

Speaker:

And so for me, growing up watching, "The Karate Kid,"

Speaker:

which feels like 1000 times,

Speaker:

I had a sense of what that movie was all about

Speaker:

when it comes to martial arts

Speaker:

and this is kind of the lens that I use

Speaker:

when I think of IBC.

Speaker:

And I was thinking, well, Mr Miyagi, he teaches karate

Speaker:

and he teaches defense first

Speaker:

and that's really what karate's all about.

Speaker:

And well, wouldn't you know it, my colleague here,

Speaker:

Mr. Parings, 30 years expert in martial arts corrected me

Speaker:

and he told me that

Speaker:

"Well, actually karate isn't defense first."

Speaker:

And we started relating this to IBC and here we go,

Speaker:

we're gonna give you a way to look at IBC

Speaker:

where instead of thinking of it

Speaker:

in a defensive frame of mind,

Speaker:

we want you to look at it as a way to be on the offensive,

Speaker:

just like apparently the way it works in actual karate

Speaker:

as my favorite character on Seinfeld would say, Mr. Kramer.

Speaker:

But John, let me have you jump in here.

Speaker:

Where did I go wrong?

Speaker:

(john chuckles)

Speaker:

- Yeah, it's not so much where you went wrong

Speaker:

and it's just like everything else.

Speaker:

We learn things by relating them to other things,

Speaker:

you'll hear a lot of people talk

Speaker:

about playing offense and playing defense.

Speaker:

When it comes to your financial life

Speaker:

or in sales or in business.

Speaker:

And it's common because in America we watch sports

Speaker:

and so it's easy to kind of take those things

Speaker:

and relate them to something new

Speaker:

to give us a frame of reference.

Speaker:

But if we're using martial arts,

Speaker:

I look at the analogy a little bit differently

Speaker:

where, if you take the word marshall,

Speaker:

that actually relates to war.

Speaker:

And in war it's not really about defense,

Speaker:

it should always be offensive

Speaker:

and martial arts is part of that.

Speaker:

It should be about positioning yourself

Speaker:

to be able to do two things at the same time,

Speaker:

which is of course protect yourself but also attack.

Speaker:

And so, in true martial arts,

Speaker:

non-sports based types of martial arts,

Speaker:

there shouldn't really be a focus on trading shots

Speaker:

like getting hit to be able to hit a couple more times.

Speaker:

That's a sports based mentality.

Speaker:

So, in martial arts, if there's a threat and it's war,

Speaker:

it's like the final scenario,

Speaker:

it's like the consequences don't get any higher than that.

Speaker:

So you wanna be able to end a threat as quickly as possible

Speaker:

without being hurt

Speaker:

and every move you make has to support this.

Speaker:

So, we're constantly in a state of awareness

Speaker:

and a state of finding the correct positioning

Speaker:

so that we don't get killed, number one.

Speaker:

And at the same time, every move has to maintain this

Speaker:

for ourselves while we're reducing that

Speaker:

for the other opponent until we win.

Speaker:

And so that's kind of the way that I look at it.

Speaker:

And what I think is interesting is that,

Speaker:

well, let's put it this way if we relate it back to money,

Speaker:

if you have to only defend like in karate or martial arts,

Speaker:

whatever it is, MMA, it doesn't matter,

Speaker:

with a block if all you do is block, you're behind in time

Speaker:

and so it's a suboptimal move just to do a block.

Speaker:

So, Mr. Miyagi showed the paint the fence,

Speaker:

hammer the nail and doing all that stuff

Speaker:

and that was just to build in skill sets

Speaker:

but if you're doing that as your move,

Speaker:

you have to combine that

Speaker:

with something that's taking away from the other guy,

Speaker:

it can't just be a block on its own.

Speaker:

And so, money's the same way,

Speaker:

we have to have awareness on how money moves

Speaker:

and we have to be able to position money correctly,

Speaker:

so that we never put ourselves in financial danger

Speaker:

but then we're also prepared to move quickly

Speaker:

to take advantage of opportunities or like openings,

Speaker:

if you will.

Speaker:

And I think most people,

Speaker:

following the typical sort of financial advice,

Speaker:

if we used the war analogy,

Speaker:

they've been conscripted

Speaker:

into the financial institution's war.

Speaker:

It's somebody else's war and they're usually canon fodder,

Speaker:

They're not the ones that are actually reaping the rewards

Speaker:

of winning that war, they're the ones

Speaker:

that are helping the financial institutions win.

Speaker:

So it's kind of one of my coaches, Trent Fortner,

Speaker:

he has a great line of, are you positioning yourself

Speaker:

where you're going to have to react to the coming changes?

Speaker:

Because changes are always coming

Speaker:

but right now there's a heightened awareness around it

Speaker:

because of all the stuff that's been happening

Speaker:

in the last couple years.

Speaker:

Are you positioned to react to that?

Speaker:

Are you in a position to take advantage of those changes?

Speaker:

And that's, I think the big difference in that mindset

Speaker:

and that mentality of being able to make those moves

Speaker:

rather than just block, you're actually closing in.

Speaker:

And as you're blocking, you're setting yourself up

Speaker:

to take that next shot.

Speaker:

- So, as it relates to IBC then,

Speaker:

where can we be on the offensive?

Speaker:

Where do we learn the crane kick?

Speaker:

(parings chuckling)

Speaker:

- Yeah.

Speaker:

The crane kick is being liquid.

Speaker:

And because the number one rule of investing

Speaker:

is buy low, sell high.

Speaker:

Really everyone that I'm talking to, their current status

Speaker:

is they're just putting money

Speaker:

into whatever investments they can find

Speaker:

and that's either stock market investments.

Speaker:

People are telling people right now to keep buying

Speaker:

because the stock market's low right now.

Speaker:

Is it low? Or could it go lower? We don't know.

Speaker:

So people are telling people to buy in the stock market.

Speaker:

Real estate people are telling people

Speaker:

to buy real estate right now

Speaker:

and they're just looking for deals and buying it

Speaker:

no matter what the metrics are.

Speaker:

Whereas with IBC, since we're strategically capitalizing,

Speaker:

we don't have as much of a lost opportunity cost

Speaker:

to be liquid and be strong in cash.

Speaker:

And if you look at the really big investors out there,

Speaker:

a lot of them are holding onto just tons and tons of cash

Speaker:

right now, just ready.

Speaker:

They're the ones that are ready to make this happen,

Speaker:

if things get worse.

Speaker:

And to use your analogy that you've used before

Speaker:

and there's blood in the streets, the ones that are liquid

Speaker:

are the ones that are gonna be able

Speaker:

to take advantage of opportunities.

Speaker:

- Okay.

Speaker:

And what do you feel

Speaker:

with the way that you've learned martial arts?

Speaker:

Like what is the foundation?

Speaker:

Because when I think of IBC,

Speaker:

I think of that as the starting point.

Speaker:

So, for you being on the attack and it's got me thinking,

Speaker:

you're more like Johnny instead of Danny

Speaker:

or what was his name in the Karate Kid?

Speaker:

- Yeah, Daniel.

Speaker:

- Yeah. Was Danny right? - Daniel LaRusso

Speaker:

- Daniel LaRusso, yeah.

Speaker:

So, you're more like the bad boy,

Speaker:

Johnny versus Daniel LaRusso.

Speaker:

What is your foundation there?

Speaker:

And how does that relate it to IBC?

Speaker:

Help me understand it.

Speaker:

- Danny could have been the good guy

Speaker:

by the way, there's a YouTube video out there

Speaker:

that portrays Danny as actually the bad guy

Speaker:

in the whole movie, it's pretty good,

Speaker:

you should check it out.

Speaker:

- Bad guy, good guy.

Speaker:

(cross talking) - I've seen it.

Speaker:

- Bad guy, good guy, it is yeah.

Speaker:

- So bad guy, good guys, kind of a subjective assessment.

Speaker:

And so, it's really just about-.

Speaker:

By the way, bad guys always see themselves as a good guys,

Speaker:

so, we're always the good guy.

Speaker:

And it's just about being able to have the structure set up

Speaker:

to be able to go first and make the right decision.

Speaker:

And sometimes going first,

Speaker:

doesn't mean throwing the first punch,

Speaker:

it means waiting for the right opportunity

Speaker:

to throw the first punch

Speaker:

or waiting for the right opportunity to attack,

Speaker:

putting yourself in the right time and space

Speaker:

to make that so that you win.

Speaker:

So, it's setting yourself up to win

Speaker:

where ideally the other person

Speaker:

just doesn't even have a chance.

Speaker:

- Right.

Speaker:

And so I think what I heard there,

Speaker:

a really important word you said was structure, right?

Speaker:

If you have the right structure in place,

Speaker:

then you're set up to win, you're set up to take advantage.

Speaker:

But what happens is, for most Americans,

Speaker:

they don't have the right structure in place

Speaker:

because they haven't learned where to per capital.

Speaker:

They haven't learned where to really aggregate money

Speaker:

so that it's available on their terms

Speaker:

and so that they can have it and invest it

Speaker:

and have it working for them in a three dimensional way

Speaker:

versus a two dimensional way.

Speaker:

That's something that you've talked about

Speaker:

in previous episodes but that structure so important.

Speaker:

I think the traditional finance rules

Speaker:

that most people apply, which they don't really learn it

Speaker:

so much as they are conditioned to do a certain thing

Speaker:

because that's what most people do

Speaker:

but what happens is there's a certain lack of structure

Speaker:

that we see all the time with the people that we talk to,

Speaker:

who are yet to get started with IBC.

Speaker:

And what IBC does allow is,

Speaker:

basically the setup where they have the tool

Speaker:

to take control of their money,

Speaker:

take control of their finances.

Speaker:

And that's what I think of when you say structure,

Speaker:

it kind of hits home for me.

Speaker:

- I think that's a great way to put it.

Speaker:

It's like the guy in the gym,

Speaker:

who's always doing curl bi and tri's in the gym

Speaker:

but never does legs.

Speaker:

And then they show up

Speaker:

or they spend all this time learning how to throw a hook

Speaker:

but their legs can't hold their weight.

Speaker:

Their legs can't even take the pressure of the movement

Speaker:

that comes and they throw a hook

Speaker:

and they fall over on the ground

Speaker:

and then they just get stomped by all the friends buddies.

Speaker:

There's also stories out there

Speaker:

of people who can street fight,

Speaker:

just using that term, street fight

Speaker:

and those are guys who they don't play by rules

Speaker:

and they know how to win fights in the street.

Speaker:

But if you put one of those people in the octagon,

Speaker:

in a professional MMA fight,

Speaker:

where they actually have to follow those rules,

Speaker:

they probably would not win

Speaker:

because now they're playing by a set of rules

Speaker:

that they're not accustomed to playing by.

Speaker:

And so, they would go in there

Speaker:

and probably get smashed without any training.

Speaker:

So, if they just went right off the street, no training,

Speaker:

went into the octagon

Speaker:

and that's what the typical investor does.

Speaker:

They're going in and fighting an MMA match

Speaker:

and they don't even know what the rules are.

Speaker:

They'll find the UFC, they're making up the rules

Speaker:

and that's the big banks in this analogy.

Speaker:

- Well, on the MMA, Mixed Martial Arts, UFC,

Speaker:

what was created in the 90s

Speaker:

from my understanding, that was kind of initially at least,

Speaker:

there were no rules, is that correct?

Speaker:

- There were a few rules but yeah very, very few, yep.

Speaker:

- Okay.

Speaker:

But nowadays there are more rules, correct?

Speaker:

- Yeah, yep.

Speaker:

- Okay.

Speaker:

And so with finance, personal finance,

Speaker:

what type of rules are there?

Speaker:

Like what is the traditional rule set

Speaker:

that most people believe exist but aren't really so.

Speaker:

- A big one is that they just think

Speaker:

that the market's always gonna go up.

Speaker:

Right now you've got, you've got these kind of young people

Speaker:

who've been working for maybe 10, 15 years

Speaker:

and they've never experienced a down market

Speaker:

and so they don't even really realize that you can lose.

Speaker:

I get into LinkedIn and other forum conversations

Speaker:

all the time and people just constantly are telling me,

Speaker:

well, why would I put my money in a less risky asset

Speaker:

when I can put it into a higher risk asset

Speaker:

and make more money?

Speaker:

And it's like, what?

Speaker:

It's like, they just completely forget

Speaker:

that the risk part is there.

Speaker:

And it just kind of baffles me a little bit

Speaker:

but I guess some of the other rules are,

Speaker:

for example, like with a 401(k) not many people really know

Speaker:

what the rules are around the 401(k).

Speaker:

They just go in, they get their employment papers,

Speaker:

their HR manager tells 'em to sign.

Speaker:

Gives 'em the paperwork that has

Speaker:

a dozen options that they can choose from

Speaker:

and then they just pick one, super ambiguous

Speaker:

and arbitrary by the way,

Speaker:

they're like, okay, I'll take the medium risk one, I guess.

Speaker:

And then they just start dumping money in there

Speaker:

and they don't really know what the rules are

Speaker:

around what happens when it comes time to get it out.

Speaker:

So, those some rules.

Speaker:

I would say, they also don't realize

Speaker:

the rules around banking, read

Speaker:

and look up Carlos Laura's article about banking.

Speaker:

Did you know that back when they had the drive up

Speaker:

deposit window at the bank,

Speaker:

you'd put your money in that little container,

Speaker:

it gets sucked up through that vacuum tube

Speaker:

and the second it got into the bank's building,

Speaker:

you actually no longer had legal ownership

Speaker:

of that money that you put in there.

Speaker:

And so, I don't think people realize,

Speaker:

what's happening with ownership and who owns what

Speaker:

in their banks and brokerage accounts and all that stuff.

Speaker:

I don't think people realize who's in control

Speaker:

of the deals they're doing,

Speaker:

with some of these like real estate syndication deals,

Speaker:

they're seeing maybe they have some collateral

Speaker:

but I don't think they realize

Speaker:

the rules around what happens if that investment

Speaker:

doesn't work out, like what happens to that collateral?

Speaker:

How do you even get it?

Speaker:

So, those are a few things off the top of my head.

Speaker:

- Yeah.

Speaker:

And, I think what's interesting too,

Speaker:

is that even the perceived rules of how to get ahead

Speaker:

and build a net worth of what was created,

Speaker:

let's use the example 40 years ago

Speaker:

with the creation of 401(k) and IRA's,

Speaker:

that kind of set a blueprint if you will,

Speaker:

of how to save for retirement.

Speaker:

And what's interesting is that this experiment

Speaker:

with 401(k)s, IRA's, we're now coming to 40 years later,

Speaker:

how is this working out?

Speaker:

We're coming to this end result

Speaker:

where people are gonna go into retirement

Speaker:

and are retiring with their 401(k)s IRA's

Speaker:

and what we're seeing is, that they haven't saved enough

Speaker:

that there's too much volatility.

Speaker:

They can't create income from these retirement accounts,

Speaker:

basically all the things that they were told or promised,

Speaker:

what would happen if they did these things

Speaker:

really aren't materializing.

Speaker:

And so, I think, well, what about the 20 somethings

Speaker:

that are now entering the workforce?

Speaker:

They're entering this perceived playbook

Speaker:

on how to save for retirement

Speaker:

and it didn't even work for their parents.

Speaker:

It's not working for their parents and so-.

Speaker:

- That's a great point.

Speaker:

- What are they to do follow in the same footsteps,

Speaker:

knowing that if it didn't work for their parents?

Speaker:

That they should well,

Speaker:

lacking an alternative continue to go down that same road,

Speaker:

I would question have the rules changed?

Speaker:

Were they just flawed to begin with?

Speaker:

Or is that just the economic reality

Speaker:

that we have to experiment?

Speaker:

And this one didn't work out

Speaker:

but hopefully there's something else better out there.

Speaker:

I guess the way to put it is or the way to ask it is,

Speaker:

what are they missing?

Speaker:

And maybe IBC is that foundational piece

Speaker:

that they're missing, that's my conclusion

Speaker:

but what's your take on that?

Speaker:

- Well, another thing to think about with the rules is,

Speaker:

with any like MMA or football or boxing or whatever it is,

Speaker:

there are rules that get put out there

Speaker:

to protect the fighters but they're always there

Speaker:

and those rules are always created and looked at

Speaker:

through a lens of what's going to make the best fight

Speaker:

to bring in that money.

Speaker:

I don't think the financial industry is any different,

Speaker:

we're all told we're protected, like FDIC,

Speaker:

we we're told that our money in the bank is safe

Speaker:

but I don't think people realize how close

Speaker:

and how the FDIC they couldn't even really cover it

Speaker:

the last time in 2008,

Speaker:

they had to depend into some other sources

Speaker:

and who knows if they're gonna be able to cover it

Speaker:

this time?

Speaker:

So there are these kind of, I think fake rules in place

Speaker:

that we're told are there to protect us

Speaker:

but I think if people actually took a look

Speaker:

into how those things are structured,

Speaker:

they might have a different opinion about it.

Speaker:

And so, IBC I think we're creating a system

Speaker:

with our own rules,

Speaker:

it's okay to go out there and take some risk.

Speaker:

Like if you're that person that believes in high risk,

Speaker:

high return, great more power to you.

Speaker:

I don't ever try to stop people

Speaker:

other than maybe giving them some advice

Speaker:

on asset allocation kind of stuff.

Speaker:

But as long as you have a portion of your life,

Speaker:

that's guaranteed, then you can go out and take risk

Speaker:

in other areas, you don't have to worry about it

Speaker:

so much without like banking the whole farm on it.

Speaker:

So, I think with IBC we're in there

Speaker:

and because of the nature of it,

Speaker:

we're able to start creating our own rules around things

Speaker:

and we don't have to go into the MMA ring

Speaker:

and fight by their rules,

Speaker:

we can go out and fight by our own rules,

Speaker:

of course, following the law.

Speaker:

Those are rules that we have to look at as real

Speaker:

but it's like we can find opportunities

Speaker:

that don't necessarily follow the normal rules

Speaker:

of how we are being taught to use our money.

Speaker:

Oh, here's a rule that I just thought of,

Speaker:

how about the 4% rule that we talk taught about,

Speaker:

And when we talked about this in episode 52,

Speaker:

where we have a whole presentation on this

Speaker:

but everyone's taught,

Speaker:

try to get as big of a retirement account as you can

Speaker:

and then you have the 4% rule,

Speaker:

where you can withdraw 4% of your starting amount

Speaker:

in retirement for the safely for the rest of your life.

Speaker:

Well, that was the 4% rule 20 years ago

Speaker:

or however long that came out 15 years ago.

Speaker:

And now it's kind of agreed upon

Speaker:

that maybe that 4% rule is more like the 2.5% rule.

Speaker:

And then the other percent rule,

Speaker:

we all thought inflation was like around 3% to 4%,

Speaker:

well, guess what?

Speaker:

Now, we're finding out it's more like 9%

Speaker:

and that's the official statistics.

Speaker:

Start adding in food and energy to those numbers

Speaker:

and I think we'll start finding out

Speaker:

that the official inflation numbers are way higher than 9%.

Speaker:

So, how about those rules that we think we're playing by

Speaker:

that may not be there when we need it.

Speaker:

Back to your 20 year old on whose going on a tear here John,

Speaker:

- Go ahead.

Speaker:

- Back to your 20 year old. - I am at a loss for words.

Speaker:

My MMA fight has been debunked.

Speaker:

(john laughing)

Speaker:

- Yeah, you were talking about a 20 year old.

Speaker:

- First of all, their social security right now

Speaker:

is not making enough money

Speaker:

to meet its obligations right now.

Speaker:

So, we probably, you and I, John, in our 40s,

Speaker:

I think we're close to the same age, late 40s,

Speaker:

we probably will not get social security.

Speaker:

Imagine this 20 year old, 24 year old, 22 year old

Speaker:

coming into the job market now,

Speaker:

funding social security like what a joke!

Speaker:

That kid, there's no way he's getting anything out of that.

Speaker:

That sucks for a 20 year old!

Speaker:

- Totally.

Speaker:

My son just got his first job and he asked me,

Speaker:

"What's Medicare, why am I paying for that?"

Speaker:

And I just couldn't help but laugh.

Speaker:

Man, you will never see a dollar of that

Speaker:

and that's just Medicare, get used to it, son.

Speaker:

- Oh my God!

Speaker:

You're like, look up the definition of Ponzi scheme

Speaker:

and you'll see that that's exactly that.

Speaker:

- We did talk about that,

Speaker:

I brought that up 'cause he didn't know

Speaker:

what a Ponzi scheme was.

Speaker:

And I said, "Well, that's social security

Speaker:

and that's what you're paying into as well."

Speaker:

(john laughs)

Speaker:

- Right.

Speaker:

- Yep. Pretty simple.

Speaker:

- Pretty simple.

Speaker:

Yeah I think we try to use as many analogies

Speaker:

on this show as we can to just try to meet people

Speaker:

where they are and help them see things

Speaker:

from something that's easy for them.

Speaker:

And I think the good news about this is,

Speaker:

as opposed to like an actual warrior

Speaker:

who they have to have this mindset

Speaker:

of always attacking,

Speaker:

everything they do moves towards winning,

Speaker:

not just defending.

Speaker:

And so, they have to have that mindset

Speaker:

but then they also have to put in

Speaker:

thousands and thousands and thousands of reps of training

Speaker:

in order to make it so that they can actually do that

Speaker:

in a physical type of confrontation.

Speaker:

So, the good news is that if, when it comes to our money,

Speaker:

all you really have to do is, change your mindset.

Speaker:

And then you have to have some awareness

Speaker:

around now how can I actually implement this?

Speaker:

But it's not like it takes a long time

Speaker:

to learn how to rep it.

Speaker:

You can apply it much more quickly

Speaker:

than you can than as a real fighter,

Speaker:

you don't have to spend 10 years in training

Speaker:

to be able to do this,

Speaker:

you have to know some of the right people

Speaker:

to just find the right products and services

Speaker:

but once your mindset changes,

Speaker:

you can make this pretty quickly.

Speaker:

And then the other side of the coin

Speaker:

of the mindset change is,

Speaker:

you spend some time to change your mindset.

Speaker:

And like you're listening to this podcast right now,

Speaker:

dear listener and the next thing you do,

Speaker:

you're gonna turn on the TV or open up a newspaper

Speaker:

and all the status quo stuff is gonna be right there,

Speaker:

reinforcing itself for you.

Speaker:

And so it becomes a challenge to change your mindset

Speaker:

because everyone out there is the opposite of this,

Speaker:

it's pretty crazy.

Speaker:

So, you gotta find the right people to talk to

Speaker:

and make sure you're not getting reeducated

Speaker:

on playing by somebody else's rules.

Speaker:

- So, in other words, find a good (indistinct).

Speaker:

- All right, there you go.

Speaker:

Find yourself a guide, a teacher, an IBC practitioner.

Speaker:

- Oh yeah.

Speaker:

- That's what we are.

Speaker:

- There you go.

Speaker:

- All right.

Speaker:

Well, if you're looking for an IBC practitioner

Speaker:

while we hope that you do choose us.

Speaker:

You can always go to the infinite Banking Institute

Speaker:

and they have a whole list of practitioners

Speaker:

all across the United States.

Speaker:

So, don't hesitate to get started on IBC,

Speaker:

whether that's getting the book,

Speaker:

continuing to listen to more of our episodes.

Speaker:

Make sure that like a shark, keep on swimming forward,

Speaker:

you don't wanna drown in all the information

Speaker:

that's out there,

Speaker:

establishing a set of rules

Speaker:

that who knows may or may not work.

Speaker:

We have this IBC system,

Speaker:

the strategy based off a whole life policy,

Speaker:

that's been around for almost 200 years

Speaker:

and it is proven to work

Speaker:

and that's regardless of what rules may exist around it.

Speaker:

IBC just flat out works.

Speaker:

And whole life policies they're designed,

Speaker:

they're guaranteed contractually to work out,

Speaker:

even if you're not around to see it.

Speaker:

And there's so many benefits

Speaker:

that we cover in this podcast

Speaker:

that IBC provides you just gotta take the next step.

Speaker:

Be on the offensive as my colleague,

Speaker:

John Parings has educated me on

Speaker:

when it comes to martial arts.

Speaker:

So, take your ne next step forward.

Speaker:

You can go to the fifthedition.com.

Speaker:

You can book time with us or reach out

Speaker:

if you have a question,

Speaker:

we'll help you take those next steps.

Speaker:

- Awesome, that was a fun talk.

Speaker:

Thanks, John.

Links