One of the things we love about IBC is that you can set up a system to BYOB–”Be Your Own Banker” and essentially borrow money “from yourself”…at far lower rates than conventional banks offer.
And while repaying these loans comes with LOTS of flexibility, for best results you do want to get them repaid.
That’s why today I’m talking about ways to do that without burdening yourself with payments, and without giving yourself an accounting nightmare.
I’ll also share an additional option that lets you leverage your existing bank account to repay your loans in a timely and effective way.
Listen now!
Show highlights include:
- Amazing flexibility that comes with borrowing from yourself. Especially great if most of your bills all come due at the same time each month (2:30)
- The one new bank account you may want to acquire for clearer accounting. (3:10)
- Questions you need to answer when determining how to pay yourself back. (3:45)
- It’s possible, at this time, to acquire a whole life policy that only charges you 4% interest on loans. Here’s why you should pay yourself back at a higher rate. (4:33)
- Paid back your loan? Your options for what to do next, explained. (5:45)
- How to leverage your bank’s “bill pay” feature to put IBC’s loan repayments on autopilot. (6:47)
- Important thing to keep in mind regarding your bank’s bill pay option. (9:20)
- “Exacting” way a good agent can help you optimize your loan repayment plan. (10:15)
- The two big “No Nos” of borrowing from yourself. (13:02)
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
