TRUSTS ATTORNEY LAS VEGAS | ARE YOU LOOKING TO GET MORE MONEY BACK?
ARE YOU LOOKING TO GET MORE MONEY BACK?
Welcome to the trusted podcast as always, we’ve got some great guests today and, uh, we are going to be talking about the being your own banker, the infinite banking concept, and I’ve got Anthony and Cameron on the show guys. Welcome. It is good to be here. Thanks for inviting us. Absolutely. Thanks, Blake. Yeah, so I I’ve known both these guys for a long time. Um, they, they do things a little bit different than the traditional financial advisor you might see. Um, so I thought it’d be good to give it a good, a good different perspective on some things, especially the infinite banking concept. So, but before we jump into that, why don’t you guys give me a little bit of background about yourself, your company, and what makes you guys qualify as the trusted experts and why, why we’d have when it comes to Trusts Attorney Las Vegas.
My name’s Anthony Paso and I’m a recovering CPA. I’ve been a CPA for over 20 years. Part of my backstory is I had my own firm and everything I thought was going right until 2008. Right? Not only did I get her, no, one’s in my 401k turned into a two Oh one K right. But working with my tax clients, I realized devastation. This was happening to people that they did, everything they were told, uh, told to do. They stayed out of debt. They paid off their house. They maxed out their 401k and to no fault of their own, the whole world changed their net worth, got cut in half. They may have lost their job, everything we got punched in the gut. And that it scared me because I started to analyze, you know, looking into this and you know what? There is a crash about every 10 years, right?
This was in Oh eight. There was the.com. In 2000, there was one in 1990s, there was a black Monday. You might recall in the eighties, there’s a crash in the 76. I mean, you go back there’s about one every 10 years. And then I realized, unless I do something different, why, why would I expect a different result for your Trusts Attorney Las Vegas? So I started looking at more selfishly for myself, like what can I do to protect my family? And so I, I started talking to clients that not only didn’t get hurt, but that were actually thriving during that time. So I was picking their brains at this point. I wasn’t so focused on what they were investing in. To me, it was more what their mindset like, how is your mindset different than following everybody else? What books are you reading? What are some of your goals? And you’re trying to accomplish for a solid level of Trusts Attorney Las Vegas.
So I started reading a couple books and probably the two most important one is one you’ve probably heard of them. One, you have, you may not, you may not have the first one is Robert Kiyosaki’s rich dad, poor dad, right? She changed my way to thinking, instead of trying to build that net worth and max out your 401k and not enjoy your money until you’re in your sixties, let’s start creating passive income. Now, you know, so the goal, my goal now is not to build a high net worth, is to create passive income. That’s more than my expenses and I want to be able to enjoy my time. I have kids and I’m a good student. I’m going to have grandkids. I want to be present with them now. And, um, the second book was becoming your own banker by R Nelson Nash. And I kind of incorporated these two books in my daily life and what I was doing with my finances. And then my clients were like, Hey Anthony, I don’t trust the stock market. I don’t trust financial planners. What do I do with the money? So I just started teaching them, read these books. This is what I’m doing, if you will like to follow it when you need Trusts Attorney Las Vegas. So then I started teaching them these concepts, and then eventually, um, I sold my CPA firm and now I’m just teaching this infinite banking concept, uh, to my clients.
And, uh, I’m Cameron Christiansen. And my story, how I got started was I was actually a small business owner. I moved from Idaho, moved down to Las Vegas and started a business six months after moving down here. And I had a successful business. I’m a small business. So it was me. And I started looking at retirement options for myself. And a lot of the programs that, uh, I was being pitched a really in my opinion, were really more. And that never made sense to me, right? As a small business owner of capital and having access to cash was really my number one priority. And a lot of the advice that I had was, Hey, go put your money over here. I’m locking up till 60, 65 years old. And that never sat well with me. And I kept doing research, kept talking to other advisors and you know what I did, I did nothing.
I just sat on cash because I didn’t know what to do. And it wasn’t until my wife and I were buying our house that, uh, our real estate broker actually gave us a book and said about or read this one. I was, it would have been the difference of millions of dollars. It was the book that Anthony just referenced becoming your own banker. And when I read that book, it was like a light bulb turned on. I can invest my money, have full control over it and do it at any time. And so I started implementing some of these strategies right away and really how I got into this because I just started sharing the idea with other business owners and said, Hey, I can, I can probably guess what your number one concern is, is this cashflow. And here’s some of the strategies that I’ve been at been able to implement that have addressed this is great for you with our Trusts Attorney Las Vegas. And so that’s really how I got started. And you fast forward a couple of years later, I met this guy and we’ve been good friends for almost 11 years now in business together for Gildan too. Okay, awesome. Um, so I’m going to actually change our outline around a little bit, cause I think it’s going to make more sense. Let’s, let’s talk about what infinite banking is and how it works. And then we can talk about, um, you know, the whole life, uh, cause I think that’ll make more sense to people if we go in that order.
Sure. Perfect. A couple of things to realize about infinite banking is that infinite banking itself is not investment. This is a concept. This is a way of thinking, this is a system. And some of the key points here is that we call this like an asset where, which is going to be, we’re not telling you, we’re going to talk about explain why, but the financial tool that’s used in this is a cash focused, a life insurance policy. But here’s the thing we’re not telling people, put your money in life insurance or invest in real estate or your business or your investing and the way we designed it, the way that you can use it, because you can put the money in life insurance and invest in real estate or invest in your business. We’re not trying to change anything that you’re doing, but by following this concept, you can make what you’re doing to be much more, much more efficient.
And what I would say is, is how it works is to understand how it works is you got to understand why we’re doing it really is. What we’re trying to focus on is never break that compound curve. And the other reason that we want to start writing income prior to age 60 or 65, we want to start creating income now today. And so to do that, I have really broken down into four steps. Number one, what we’re going to do is we’re going to go out there and find a mutual insurance company to partner with. And the reason that we want to meet, because we want to be at this company at the end of the year, they insurance companies pay out a dividend. I want a dividend. Anthony does do it. So we worked with mutual company. The other thing is we want to make sure they’re financially stable.
And so we’ll go look and analyze all the ratings that are out there. Uh, uh, all those ratings. In addition to that. And one of the things that we look at is the loan provisions that come along with these, the loan provisions, and they’re very small, but extremely important. We use these products. So to summarize, step one is we go fund me, Joe insurance company. Step two is what we’re going to do is we’re going to start funding an insurance policy and not just any insurance policy, we’re going to get a properly structured cash value, life insurance policy. And what I mean by that is essentially, we’re trying to get as much passionate policy as we possibly can and still keep it tax free as we’re going to minimize this. So we can fund this policy on a month or an annual basis. Once we started accumulating cash value, we move on to step three is taking a loan against our cash value and get a solid level of Trusts Attorney Las Vegas..
And again, that’s really important because we’re taking a loan against our cash value, which allows us to continue compound interest that’s happening inside of our policy. And step three, what we’re taking a loan or is usually breaks down into two things. Number one is we’re going to go pay off some debt, whether that’s credit cards or student loans or recapture or some business loans. And by running policy, through running cash flow policy, taking a loan against it, and then paying off that debt. We’ve created redirect that month cashflow that was going to that debt. The second thing that we’d take loans against for on the cash value is going to be what I call wealth creation. You go buy an asset. That’s going to create cash flow on a monthly basis. And what I mean by that is we’re going to go take some money, buy an asset.
And we’ve got an income stream coming off of that. We’re going to use that capsule replenish our cash reserves, inset policy. So step four is repeat you go find an asset that creates cash flow and you go and you do it all over real estate. Investors are so successful and they find niches that they know and understand better than anybody else. And all they do is they go. And so that’s what we’re going to do with infinite banking. So that’s how it works. I think the key thing is example, we paid off debt assets, but the key thing is since we never borrowed from our policy and get a solid Trusts Attorney Las Vegas, we just use it as collateral. We loan, we brought money insurance company. What that allows us to do your cash value in your policy has never touched. So we’re continuing that compounding, even though you’re using the money, your money is growing every year.
Yeah. I think there’s, uh, some great steps in there. I guess the thing I just want to make sure our listeners understand is, look, this is, um, you know, like you guys said, it’s not a product is, uh, we call it the infinite banking process because you are becoming your own banker. So when you need money, you take a loan against whatever you have and you use that money to buy the thing, hopefully an asset, especially under Robert Kiyosaki’s definition of an asset, not an asset, unless it actually puts money in your pocket. And then you put that, uh, you know, you pay off. The biggest thing is you have to pay off your loan for this to work. You ha you know, yes, you don’t have to per because you have the collateral there as the insurance, the cash value insurance, but the plan doesn’t work. If you don’t actually, or if you’re not disciplined enough to actually pay back your debt there, it does need to be, um, you know, written material like any other loan, have the terms, pay it back. And so on.
Totally agree. Well said like, Okay, so tell me why we need a whole life policy for this. And what are the biggest myths that you got to see about whole life insurance? Let me, let me jump in there if you don’t mind. So the biggest myth that I would say, number one is that whole life insurance is a terrible investment. And there is a fundamental misunderstanding when somebody says that or approaches this with that kind of mindset. And what I tell everybody is this will become clear when you understand what I, what we tell people is words are important. And so if you understand the medium between saving and investing and speculating and why one of the biggest misconceptions. So give me a minute. I’m going to go through what we tell our clients is an act. That’s what you’re, w that’s the movement of money a month. You’re moving the next, it’s an action. It’s a verb, simply moving money to savings. When you were investing as a level of due diligence that goes into that investment that you’re moving into.
So either, you know, something, you know, something about this asset that most people know, or you have intimate knowledge of it, or you’re just more familiar with it than everybody else, right? So that is investing. Is there the very high likelihood that if you do it right, there’s no guesses when you’re investing, when you’re speculating, speculating is when you’re putting an investment or an opportunity and you have no control. You have no cash flow, you have no collateral. And the underlying strategy is going to be right. I hope that this account is, I hope that there’s going to be more money when I come back for it five years, 10 years, 20 years, whatever it is. And so when people come to us and say, Hey, this is a terrible investment. You’re the first one to tell him that whole life insurance and this strategy using the policy, not the investment that you get with a great Trusts Attorney Las Vegas service.
It is the savings money into the bank. If you listen to our podcast, what we’re doing is we are highlighting opportunities for investments. So the money goes into the policy on a monthly basis while you’re doing your research. What you want money is once you understand how X investment works, then you take a loan against the cash value and you go make that investment. And then the investment liquid thing is the investment like cash flow on a monthly basis or annual basis to pay off that interest and replenish the principal. And so that is just an absolute, fundamental misunderstanding. That I’m glad you asked that because I hope most more people understand that when it comes to your Trusts Attorney Las Vegas.
No, I would say one of the second biggest myth is that whole life insurance is expensive. And I would argue term life insurance is expensive. And, but let me step back here and be like, you even alluded to it, Robert Kiyosaki and we are big. And when you do something with your money, it’s one of two things you’re buying an asset or you’re paying for an expense. And the way he defines them simply is an expense takes money from you and an asset brings money to you. Okay. With term insurance, I ran an analysis of a 40 year old who was standard for $1.5 million of term insurance for 20 years. Okay. His premium each year is two grand a year. So at the end of 20 years, they spent $40,000. Okay. But at the end of the 20 years, what, what did they have? Nothing.
They have nothing, right? The term insurance ends. So I tell you, I’ll tell you two things they don’t have is they don’t have any coverage or death benefits gone, and they don’t have the $40,000 that’s gone. So to me, that sounds like following Robert Kiyosaki’s definition, that’s an expense, that’s money going away from you. Now I ran another analysis of instead of having term having whole life. And first the way we designed the whole life is very unique. We’re designed the whole life, not for death benefit. We’re designing it for as much cash value as possible with a great service. We’re actually trying to keep that death benefit as low as possible. Okay. But just to compare apples to apples, I did a whole life policy that had a similar death benefit of $1.5 million at the end of 20 years in cash value. There’s Mo they have $250,000 more than what they put into it.
Okay. So they have a quarter of a million dollars profit compared to a $40,000 loss, right. We’ll have their insurance. Exactly, exactly. And they still have a death benefit. And what is great about whole life is that you can turn off when, when you, when you don’t want to pay him. And this example, I turned them off after 20 years. And you know, the cash value that grew by $40,000. And because it’s life insurance, they paid zero, they paid zero tax on that. Right. But also you’re, you’re here. If you, listen, I talk a lot about what’s seen and unseen, right? The scene is like the dollar, rather than the cash value. But some things that are unseen here is that $240,000 that they had, they didn’t pay a dime in income tax. Right. And also they’re going to have death benefit when they need it.
Right. Blake, do you, I know you probably don’t go, but having guess how many term insurance policies do you believe actually pay a death claim? I would say less than 2% bingo. Right? Right. Somewhere around 2% actually pay a death claim. Right? But so odds are, if the insurance game is going to give you a policy, odds are, you’re not going to die. Right. These guys are very good. Use it, use an actuarial science, but so odds are, you’re going to probably live into your eighties. And I know when we’re in our forties or fifties out, we don’t need that when it comes to your Trusts Attorney Las Vegas. Then we’re not going to care about that. But you talk to an 80 year old right there. They start thinking about their legacy, right? They want to leave something to their kids. And how many people do we know we’re eight years old and ran it and ran out of money.
Right? It’s because they’re invested, they’re speculating, but here we can share the family coverage. But also we’re, we’re going to have a quarter of a million dollars more. And you know, you actually said a two part question. One is why we use life insurance. And if you read again, this is a concept becoming your own banker. You do not need to use life insurance. You could use a checking account. You could use a CD, you can use an investment account, right? Uh, the most important thing is that you’re being a good steward of your money. The financial tool is not as important. However, you analyze the different, these different financial products and whole life is hands down the best product. And the reason being particularly because there’s other types of life insurance, you may have heard of universal life or variable, universal life, IUL, VUL, all of those are tied or tied to the stock market with our Trusts Attorney Las Vegas solutions.
So they can go up and, and they can go down with our view to do use infinite banking. We need a secure money source. That’s going to be certain one that we know is going to be, it’s not sexy right there. We don’t have these home runs, but you know what? It’s not going down. Like it never goes down. I’m trying to tell people boring is the new sexy that’s coming from a CPA. It’s coming from a recovery. You know, we got to start thinking, not of hitting these home runs what we want to hit our singles singles. Aren’t sexy, but you’re at bat for three times, bases are loaded. You have no runs, but now every time you hit a single runs coming in, right? So that’s, that’s what our clients are doing to have that philosophy. We’re not trying to hit a home run every time. What we’re trying to do is never strike out and always get on base.
Right. I think that comes back to the point that, you know, this is the savings vehicle. It’s not meant to be the investment portion of it. So yeah, for when you’re saving, you want that security, then you use the other money to go out and get, you know, start your business. Right. You know, buy real estate, whatever that is. So, uh, I guess that leads me to my, my next question was, you know, how, how does this work with, um, with real estate investing? You know, how does somebody use this, um, to, to go out and buy a car, buy rental properties,
This word, infinite banking. The reason why Nelson called it infinite, because there’s infinite ways to use this. This can be like, Cameron had mentioned to pay for expenses or pay for debt, but it’s a heck of a lot cooler when you’re buying an asset, right? Creating that cashflow. Now with real estate, you’re buying real estate. You’re either going to pay cash or weed, or ideally we’d actually recommend you potentially getting a 30 year fixed mortgage, if you can. Uh, because interest rates are so low and it’s fixed. But even if you have a mortgage, you’re going to have to come out with a down payment. So when you’re buying real estate, some cash is coming out of your pocket. Either you’re paying it for the whole thing, or you’re just paying for, you’re just paying for the down payment. And this works really well with that down payment for your Trusts Attorney Las Vegas.
One of the pillars that Nelson Nash talked about is you finance everything you purchase, meaning you either pay cash and give up interest or you, or you use credit and you pay interest. So either you pay up or give up, right, there’s kind of it’s one way or the other, but by becoming your own bank, right, we, we can get, get the luxury of having both, right. Because what we’re going to do is we’re going to leverage against our policy, right? Because what normal people do, they want to buy an asset, okay. They’re going to save up money. And then when they have enough for the asset, they buy the asset and drain their accounts and then they want to buy another asset. Okay. So let’s start saving. Then when we have enough, we drain our account. Problem is we’re continually breaking the on interest curve.
But by using infinite banking, as that source for the down payment, as Cameron had explained, we’re never breaking. We’re never breaking the compound interest curve. I know what a lot of people think that as well. Okay. I take that policy loan, but I need to pay, I need to pay myself back. Right? So what, so a lot of times people will say, well, you know what? It would be better for me just pay cash. So I don’t have to repay the policy loan. And if you look at the big picture, people are missing it because we got to look at what’s happened in our policy, whatever we use for the down payment, that’s continuing to grow. We have to account for the compound interest. And we’ve actually done a podcast along with a video going through the numbers and we run an analysis, let’s buy one house straight up cash, and then let’s buy another. We’d have no repayment back to ourselves. And then we buy that same house with the infinite banking concept. And we’re accounting for repaying that amount back to our policy. Now, when you look at all the characters in the play to me, whoever is the winner is going to have more cash and we’ve ran the numbers and I’m going to give away the answer. Okay. But I’d still recommend you watching the video because of the continuing compounding. We’re going to have more money using infinite bank than paying cash with our solid.
I’ll jump in there and add one little story there to that is we often get of real estate investors just right. They don’t use typical return. So they sit on cash. And a lot of times they come in and they look at us and they’re like, you know what? I can go get a better rate of return if I put my cash into X investment. So we’re like, all right. Yeah. You know, we get that, just tell us kind of what you’re doing and, uh, we’ll make it compare. So we’ve got one that we’ve put together where he comes in and he’d say this, the cash that I’m using, we don’t make investments in that over the next 20 years. And so we ran his scenario and then what we did is we just didn’t cashflow didn’t change at all same thing. And they got handed up with an extra million dollars simply by changing where the money is held, as opposed to a savings account versus an insurance policy that’s designed for cash value. And we call that the million dollar mistake. And so we’ll make sure that, that video in the show notes today with your.
Yeah. I think, uh, another thing that I really like is, um, you know, if you’re getting an asset that’s actually producing income that becomes a business and it can borrow against your cash value. And then because you’re repaying the business businesses, repaying alone, that’s interest that it gets to deduct on its tax return as well. So you have tax savings as well. You have the business stuff that you get to create your LLC, and you can write off a lot of more, lot more stuff. So even if you’re not, you know, you’re a W2 employee, you create opportunities for yourself to have some significant tax savings as well. And I don’t think those always get backed into the numbers as well.
And as you’ve mentioned, there’s a lot of great tax advantages of real estate. There is the depreciation. You can deduct that against ordinary income, right? And then there’s capital gains when you sell it great tax advantages of real estate. There’s also a lot of advantages of life insurance. Not only is it tax-free and liquid, depending on the state, like in Nevada, a hundred percent of your cash value is asset protected from lawsuit. So you take the tax advantages of real estate and you couple them with the advantages of trans that’s, where you’re truly maximizing the tax code and enjoy a great Trusts Attorney Las Vegas.
All right. You know, it’s questions coming since I’m an estate planning attorney, how does your infinite banking concept work with relation to people, the state plans and their trusts?
Great, great question. I’m going to jump in here on this one is, so when you ask that question is essentially what is estate planning? Estate planning is the transfer of wealth from one generation to the next. And our emphasis is my next question for that would be what is wealth, right? And what we tell clients is wealth is not just dollar, but it’s also sense that’s Anthony’s saying, so I want to give them credit. But I love that saying is because infinite banking, this is a concept and this concept is the conduit to teach one generation how money actually works. And what I’ve seen as far as planning goes, is typically what’s happening is that, you know, the dad will typically have money if they have it is they’re giving it to kids and what they’re teaching them. When they’re giving money to get over generation, if they’re teaching them that money, you can have access to it. Anytime you want to with our great Trusts Attorney Las Vegas.
Mom and dad are their bank, they don’t need their own bank. And so one of the things that we teach about here, Hey, listen, we need to redefine what this whole thing looks like. The understanding of kind of family units idea of well, if mom and dad have money, it’s not theirs to give to me. Our family has wealth. And so the thing that we need to teach them as we need to teach them, we need to start talking to them in terms of lending and say, Hey, listen, if we have a nest egg of money is what we should be talking about is, Hey, we shouldn’t be having a conversation because it’s not always bad, but B is, Hey, if there’s an opportunity where the kids need money without lending it to them. And now what we’re teaching them is that moms have money and you can have accessed it as long as you put back in more than your gallon.
And now it’s, you have this continuum of wealth and the estate. And again, teaching that concept then stewardship not just handing out money. And so there is, that is probably the biggest takeaway that I see as far as estate planning is most of the time that in my opinion, is we’re putting in, in place vehicles, production, and remove access for certain family members. And whether it’s incentive trusts, or kind of a certain age, you put in place a restriction there. And in my opinion, they’re restricted money generation because they don’t feel like they are responsible, but they don’t feel like they’re going to be a good support. And I’m going to take full responsibility for that. With my family, my kids are 10 and six, and I’ve been talking to them about money and how money works for a while now. And one of the best resources, if anybody’s listening, as you give the, I can recommend books, theories on money and finance and free markets with your Trusts Attorney Las Vegas today.
All three of my kids reading it. Well, there are two that are doing work on it. And so they’ll read the book and they’ll come in and they’ll do a video report. My son stands in front of me and I asked him if I ask him questions and he reads them back to me, and then she will read the book. She is a little more reserved. She wants to fight. And so that is a way of having the conversation. There’s a little bit too young to really be lending money. I’m a big proponent for starting small, right? So when I get there, as my kids are going to get up, and when they get 15 to 20 years old, I want to lend me my kids money. And the reason I do that, I want to give my kids an opportunity while I’m here, while I’m here able to come up alongside and put my arm around them and say, Hey, what kind of mistakes do we make here? And what I see with estate planning and everybody, nobody has that conversation. They push it off and then people end up passing away. So I agree. I see it all the time as well. Uh, I like that book series too, by the way, my, uh, my oldest has read it. My, my younger one can’t read yet. But when he does, when he can, he will be reading those books as well.
Yeah. Like cameras, most of the time, we’re not teaching the next generation about money. Maybe if we’re lucky, they’re Oh, well, you’re at a college. So you should max out your 401k, your IRA. Right. But there’s really no guidance there. It’s just give your money to wall street. And you know, let’s hope it’s there. You know what? We want to challenge our clients. We need to educate our clients now, while we’re still here, still here. And like what I’ve done with my kids, I created their own policies for them. About 10 years ago, I will say I had funded a five 29 plan. And in Oh eight, my son lost, uh, 50%. He’s lucky. Cause my, my daughter lost 60. Right. But my son was going to go to college in two years. So I couldn’t wait, you know, for the money to come back.
Like he said, it was going to be, I needed to be safe. Cause I’m going to spend it here in a couple of years. So what we did is we set up our own IBC policy for the kids. That’s how we financed their education. And so now, like when my son he’s graduated now I’ve had them read the book and I’m explaining him to infinite banking. And now I’m having him pay the premiums. I still own it and control it. But now that he’s taught that he showed me that he can pay the premiums. She’s borrowed money. In fact, we started a family business and both kids took policy loans, uh, to, to capitalize the capitalize, the business. And with my daughter, she’s buying her first rental property. She’s a senior in college and I’m doing 99% of the work. Right. But what I’m trying to do, I’m trying to set her up.
Okay. I’m teaching her how to use this policy teacher to how to create passive income. And the goal will be, is I’m going to be by her side and I want to teach her what I’m doing. And I’m going to push her to do things that she wants. And I’m going to guide her to buy real estate or start a business, but I teach them to use that policy. So it’s, it’s kind of like the scenario about, you know, you could give your kids, a fish can eat, but we want to teach, teach our kids to fish because I want my son to teach my grandson, you know, this is going to be part of my legacy. It’s not all about the dollars. It’s about the sense, like the common sense need for the top Trusts Attorney Las Vegas.
Yeah. That’s definitely, definitely true. Um, the one thing I was going to add to that is, uh, you know, make sure if, especially if you have policies on your kids or if you own a policy on your spouse, that that needs to be actually owned by your trust because you’re gonna run into problems with probate people. Your typical life insurance is I buy a policy on myself. So when I die, it doesn’t matter that the owner died because I’m also, you know, the insured. So it pays out. But if you own a policy on your kid and you pass away, well now we have to go through probate to transfer ownership of that policy to the next generation. So we want to make sure we have that owned in the trust. Um, and then that also can restrict, you know, or, you know, put guidelines in place of, Hey, if you want to take a loan, great, you here’s the terms that you’re gonna loan against and all that. And they can have access to that. So you can, you can set out those witches wishes. Um, you know, not only in the teaching concepts, but it can be laid out in the document itself. And you know, here in Nevada, that that trust can go on for 365 years. So you can create that legacy that will last a very, very long time.
All right guys. Um, what, how can, how can someone find a trusted advisor like yourself that, that talks about and knows infinite banking concept? What, what key things should they look for when they’re trying to find someone versus a typical life insurance person? Um, and then, you know, what any re if any red flags should they stay away from? Perfect. We’ve actually created a video on the top five questions to ask your IVC agents before you do business with them. Okay. So we will, we will give you, we will give you that link. But I argue the question to ask for one, how are they using the infinite banking concept? This strategy is very different. If somebody is doing a bunch of different things, maybe they’re doing 401k, uh, other qualified plans, IRAs in the stock market. I recommend you do somebody who’s living and breathing. They need to be practicing this themselves. And what I think is a common question, people really ask is that they should talk to one of their clients. Cause like, particularly in, in this type of strategy, this is going to take a lot more hand holding and well, you’re gonna be working with your agent a lot more than you do now with your financial advisor.
So, uh, everybody’s talk smooth when they’re trying to sell, right. But what you want to see is how, how does, how does that person handle after the sell talk to a client? Right? He told me that he’d be available if I needed them Izzy, or, you know, just ask those questions. Um, also what resources they have, because if you’re going to take a loan, well, then you, if you have a business, you may need corporate minutes, you may need help. Uh, with the repayment schedule, who’s going to help with the one who’s going to help with the guidance in there. They need to have those resources. Um, also here’s the key thing is what happens if something happens to the agent, right? Infinite banking is so unique. You need working with nobody who understands this. And so like, like with us, something happens to me, there’s cameras and, uh, vice versa.
And finally, I would say, are you certified? Right? Because Nelson Nash wrote the book in 2000 and a lot of people are taking his book and this strategy and misusing it. They’re not following the principles that Nelson had laid out. So what he did to protect, um, to protect the brand is there’s this certification, right? So people not only have to pass a test, they need to submit policies, policy design, they need to have a mentor that, that can sign off that these guys know what they’re doing and are doing the right thing. And also there is a code of conduct that IBC practitioners are here, here to follow. You can go to the infinite banking.org. And in there you can do a search for any, uh, any agent with us. We, we live in Nevada, but we are licensed to do business everywhere that everywhere that we need to be sure to have them come to mind on one of them. And I want to reiterate it is the biggest red flag is if you’re talking to somebody is asking if they’re implementing along, they’ve been doing it and ask them, what was the last investment? What was the last time you used your policy? How could you structure your loan repayment? What insurance company did you choose? And there’s some really good questions. And the biggest red flag is going to be a similar concept. We also have resource page that we created to give you great Trusts Attorney Las Vegas.
And if somebody is recommending these two, uh, policy, uh, run runaway really fast because they don’t have a proper understanding of how this thing works. So two big red flags right there. Okay. Well, how can people get ahold of you if they want to reach out? If they have more questions can find this, uh, Where we’re going to send them is we’re going to, we’ve got a landing page that’s catered specifically to your listeners and kind of how you mentioned before. We’re going to have some resources there for you. And so it’s going to be infinite wealth consultants.com, backslash trusted, and that’s going to be the landing page. And when you go there, we’re going to give you access to our online course. Uh, typically we charge $500 for non-clients, but Blake, because of our relationship, we want to extend that offer to your listeners. And so we’ll have a link in there where you guys can joke the concept and kind of take the next steps there. What else, Anthony? Well, we also have a podcast, the infinite wealth podcast. We also do quite a bit on YouTube as well.
Perfect. Yeah. And I’ll make sure we get the links out. Appreciate it. It’s a very generous offer. Hopefully our listeners take advantage of it because that’s definitely some great information in those courses. Um, thank you guys for being on. I think there’s a lot of good information on there. Um, so anything else we missed? You feel like these vitally important that we need to talk about? No, just recently. I know you’re nominated for an award. You’d like to tell us about that. Uh, yeah. I just got, I just want one of the top, uh, transactional probate attorneys in Las Vegas. So there’s only six of us who made the qualification, so it’s pretty cool. Oh, that’s impressive. Congratulations, Blake, I’ve known you for a while in quality work, I send almost all my clients to you to do the estate planning. So he has intimate knowledge of this strategy for your Trusts Attorney Las Vegas and will be fans of it. Cool. Appreciate that guys. Um, yeah, so listeners as always, please like and subscribe, uh, you know, so that way you get the latest content, I’ll make sure I put up the links. You can find them there. Uh, and then always, uh, reach out, let us know who you want to see on the show next, who we can, uh, have on to make sure that we always keep relevant content on there. And with that, we’ll talk to you guys next time. Take care.