You’ve just come into a big lump sum of cash, and you’re ready to get started with Infinite Banking.
Is it best to put it all into your banking system right away, or is there a better approach?
In this episode I’ll share why it usually isn’t best to put an entire lump sum into a new banking system. I’ll also explain an option on how to get that entire lump sum into your IBC over time, without spending that excess money on other things in the meantime.
Listen now!
Show highlights include:
- Troubling “domino effect” set off by overfunding your system at the beginning. Why the last domino could be an expensive visit from Uncle Sam. (1:15)
- One suspicious thing new IBC clients do that always alarms the underwriter. (5:30)
- How to find the “sweet spot” for spreading out a lump sum. (8:21)
- The real lynchpin in a policy started by lump sum dollars. Hint: it isn’t how much you put in today. (9:20)
- Components of a sustainable IBC strategy, and why it isn’t as easy to put together as you think. (10:00)
- Clever way your insurance company can help your lump sum do its job over time without risk you’ll spend the money on something else instead. (11:30)
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