Infinite Banking Mastery

You already know it's hard to pay your bills and provide for your future because of inflation. But there's something else chewing up your income. And you probably don't realize how big a bite this monster is taking. That's because there's a clever distraction the banks happily use against you. In this episode I'm going to explain to you just what's going on. And I'll use examples from Nelson Nash's classic book to do it. You'll see how this problem has grabbed Americans' spending power by the throat, and how you can escape the stranglehold. Listen now! Show highlights include: "All-American" secret, ignored by most, that can liberate you from financial struggles. And it's way more secure than stuffing money under your mattress. (1:31) The three things Americans spend nearly all their money on: The actual percentages will shock you. (3:10) Why financing is involved in any purchase you make, even if you pay cash. (4:24) How moving at least once every 10 years makes your bank love you. (5:37) What to look for instead of interest rates. Ignore it and you'll get buried by interest even if rates are historically low. (9:08) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

There's a big money problem that is slowly crippling the entire country. It's been two years since I talked about this on my podcast, but I'm doing it again in this episode because the problem is only getting worse. I'll also share a solution to this problem, and why the best thing you can do for yourself is also good for your nation: whether you consider yourself patriotic or not. Listen now! Show highlights include: The question Jesus asked a lame man that can help you get back on your financial feet. (2:32) Behind-the-curtain look at how the Federal Reserve conspires with banks (3:21) "Messed up" legislation, passed in 2010, that forces you to spend your money to rescue your bank, no matter how irresponsible they were. (3:36) Common sense way to fight inflation without aiding and abetting the bank. And it's way more secure than stuffing money under your mattress. (4:51) Buying real estate? Why banks and mortgage companies don't mind (and won't penalize you) if you've already taken out loans against your whole life insurance. (7:11) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Albert Einstein is credited with saying "Compound interest is the eighth wonder of the world." And one of the perks of IBC is that compound interest can work in your favor, even when you borrow against your whole life policy. But does that mean you should park all your money in savings accounts, or do you need to keep your money moving? It's a popular debate with a definitive answer. And in this episode I'll explain a slide used by Nelson Nash to compare compound interest to keeping your money in motion. What he discovered might surprise you. Listen now! Show highlights include: How to get the biggest impact from the money you borrow from your banking system. (2:58) Why IBC can help you become a profitable landlord without the anxiety and headaches of conventional real estate investing. (3:06) The "Sherwin-Williams secret" that will change how you look at savings accounts forever. (4:32) Real reason banks want you to keep your money in savings accounts. (7:59) Ever wonder why bank vaults aren't bigger? Here's why. (8:14) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

If you've owned your own business you know how hard it is just to get the doors open, let alone to keep things running long enough to turn a profit. But did you know that hard-earned wisdom is a great advantage when you apply it to Infinite Banking! And if you're not a business owner, that's OK. Because in this episode I'll share and explain one of Nelson Nash's favorite illustrations so you can learn these important lessons, even if you don't have an entrepreneurial bone in your body. Listen now! Show highlights include: How a grocery store provides a great framework to think about Infinite Banking. (0:48) Secret motivation that propels business owners to work 12 hours a day, 7 days a week and how you can harness it to stay on track with your financial goals. (5:28) Why a trip down the produce aisle will make you better with money. (6:55) Crippling "owner's mentality" that destroys small businesses and could also wreck your retirement planning. (8:44) Surprising reason paying more interest saves you money. (11:31) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard of Nelson Nash and Infinite Banking, but you might be wondering: how did he come up with this idea in the first place? In this episode I'm going to share that interesting story as he explained it in his book. But more importantly, you'll be able to see how your willingness to learn from everything you do, and apply your unique perspective to your problems, can help you overcome your biggest challenges…even if it feels like you're at rock bottom. Listen now! Show highlights include: - What insurance agents secretly hope you won't ask them about the products they offer. Could be costing you thousands of dollars! (2:34) - Fundamental real estate principle to change how you look at money for good. (4:50) - What one of Nelson Nash's most powerful quotes really means, and how to use it so you don't stay dependent on commercial banks. (5:47) - "Like a baseball bat across the eyes." Perspective shift that lets you boldly rally from rock bottom, even when things look their worst. (7:38) - How to "BYOB" your way to the right funding level for your policy. (10:42) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard of Nelson Nash, but you haven't read his classic book yet. Or you've read it, but it's been awhile. Either way, I've got you covered as we look at some of the biggest ideas from Becoming Your Own Banker. In this episode we'll start with his very first page of writing. You'll see what the banks have figured out, and why learning it for yourself can change your life and your net worth. Listen now! Show highlights include: Why Nelson Nash's book should still be first on your list instead of newer works on IBC. (1:25) "97-3-10 Rule" of wealth accumulation that should shock you out of complacency with your personal finances. (3:17) Two businesses every businessman should be in if they really want financial freedom. (4:15) Surprising similarity between money and water. Understand this and you can win big with your finances. (4:33) Legal way banks use your own money to keep you broke while they thrive. (6:23) The two questions you must answer when wondering if IBC is right for you. (8:17) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You know enough about Infinite Banking to know you can use a Whole Life policy to effectively make loans to yourself. But you've also heard critics say it takes a long time before you can get access to the funds. In this episode, I'll cut through the confusion to give you a realistic picture of just how soon you'll have access to funds you can borrow against. I'll also share why, with some companies, you can now access funds sooner than ever before. Listen now! Show highlights include: Critics say it takes forever to access funds in your whole life account. Here's how to do it in weeks, not years. (1:06) Paying monthly premiums? Here's how long you should wait to borrow against that account. (3:38) Powerful tool helps you knock out debts while only tapping your account once per year. (3:58) The friendly employee your bank has, but the insurance company doesn't. And the surprising reason the financially savvy want to keep it that way. (4:55) Really want to borrow against your plan right away? Here's how to do it with enough cash value to avoid long waits. (6:36) Using your checking or savings account to hold a big down payment on a house? Where you could put that money instead so it works harder and more efficiently for you. (7:18) How the Paid Up Additions rider works so efficiently, and what to look for so you don't get surprised when it's time to move your money. (8:30) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

There are different reasons people think Infinite Banking couldn't work for them. But the most common concerns are age, health, and income. If you've ever wondered "Am I too old?" or "Do I have enough money?" or "Will my high blood pressure get in the way?" this is your episode! I'll explain what factors are most important to qualify for the whole life coverage you need for efficient Infinite Banking. And I'll share strategies you can use to get this coverage even if your health isn't as good as it used to be. Listen now! Show highlights include: Your biggest concerns about your ability to get coverage aren't really the biggest concerns. The single factor that trumps both your age and your income. (0:45) Want to insure a relative? It's possible, but not always as easy as you think. (0:56) "No risk" way to consider underwriting even if you have common health issues like high blood pressure or high cholesterol. (2:05) The practical reason to be completely honest filling out paperwork about medical conditions. (2:37) "Big picture" view of insurance ratings and how the different rate classes affect Infinite Banking. (4:16) Rating class too low for a whole life policy that works great with IBC? Do this immediately. (5:02) Waiting until your health improves before you get coverage could be the biggest mistake of your life. Here's what to do instead. (5:48) Why a lower health rating doesn't drive up IBC costs as high as you think. (9:32) Definitive answer to the age-old question: "Can IBC really work for me?" (10:58) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

When a couple comes to me with one income earner and a "stay at home" spouse, they usually think they should only insure the one earning the income. But this is a perilous decision that leaves you exposed to financial vulnerabilities that are hiding in your blind spot. In this episode, I'll shine a light on those dangers, and show you how you can get the coverage you need even if you think it's currently beyond your ability. Listen now! Show highlights include: "Hiding in plain sight" reason breadwinners miscalculate how much coverage their spouse needs. (1:29) Dark way your emotions betray you in IBC planning. (6:30) Why all the benefits of IBC can't save you if you refuse to be honest about your insurance needs. (7:55) Strategic way to use term life to cover your spouse if whole life isn't an option. (9:00) Secret reason the ultra-rich put whole life coverage on their stay-at-home spouse, even though they don't need the death benefit. (11:52) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

You know IBC is flexible enough to utilize for all sorts of financial plans. And if you plan to use your banking system to help you finance things like cars or college you might be wondering: "Should I have different policies for different uses, or is it fine to do everything I want from one policy?" It's a great question, and in this episode, you'll hear why the answer largely depends on where you are in your IBC journey, and what you want to accomplish. I'll also explain when one Whole Life policy is enough, and when you should have several. Listen now! Show highlights include: Why it's better to start IBC as high as your budget will allow instead of starting lower and increasing later. (1:18) Dangerous thing some Whole Life companies allow that could destroy your IBC system. Especially if you don't read your mail every day. (2:20) "Irreplaceable" asset you lose forever by starting small to test out IBC. (4:50) Surprising ways to make arrangements for yourself and your family, even if you can't afford a plan for every family member right now. (6:50) What Infinite Banking can do for your young scholar that a college savings plan can't. (9:12) How multiple policies can save you from accounting nightmares, especially if you don't like keeping close track of everything yourself. (10:35) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard about the flexibility Infinite Banking provides, but you might be wondering: Can I pull income from my IBC plan in my retirement? The short answer is a resounding "Yes!" But there are a few things you've got to keep in mind before you rush to take out funds. That's why in this episode I'll explain how it works, and what to watch out for so you don't make a very expensive mistake. Listen now! Show highlights include: What's the difference between building a policy in a more traditional way vs. building for IBC. (2:00) Will Dave Ramsey ever like Whole Life insurance? Why Valerie thinks he'd never admit it, even if he secretly changed his mind. (6:00) "Should I go for a low base premium?" Why this trend is a choice you'll regret. (8:06) How to balance your policy so you aren't low on cash when you need it the most. (9:51) A whole life contract you don't have to pay premiums on for your whole life? It's possible! Details here. (10:32) Why the strategy for repaying loans to yourself changes once you hit retirement. (11:32) Two lurking dangers waiting to ruin you if you don't structure how you borrow against your policy. (12:20) What a policy lapse is, and why it's especially bad if you're in retirement age. (15:04) 10 years away from retirement. Is it too late to prepare? Valerie's answer. (15:42) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

With traditional methods, you can do one of two things with your money: Spend it, or save it. If you spend it, that money's gone and can't be used for anything else. And since you've spent it, it can't appreciate for you: meaning you miss out on more than just the face value you spent. That's why it's important to think about opportunity cost: the dollars you really miss out on when you have to spend your resources instead of saving or investing them. In this episode I'll explain exactly what I mean by this. I'll also share how IBC can safeguard you from squandering a fortune in opportunity costs. Listen now! Show highlights include: How IBC lets you "have your cake and eat it too" with your money. (2:57) What is "opportunity cost" anyway? Crystal clear definition to eliminate confusion. (3:03) Sneaky way car payments keep you broke, even if they're well within your budget. (3:52) How to spend today without compromising your savings for tomorrow. (8:17) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

By now you know your most valuable asset is your ability to earn an income. And you realize you can use disability insurance to protect yourself against absolute financial disaster. But you might still be thinking that common thought: "Other people get hurt, sick, or disabled, but that's not going to happen to me." In this episode I'm sharing real life examples so you can see that real, ordinary people do end up needing this coverage. And why even though there are limits, disability coverage provides a whole lot better than nothing in the event you do need those benefits. Listen now! Show highlights include: Jarring reminder of how quickly your world can unravel from disability. IF you aren't prepared. (1:38) What a fancy yacht can teach you about disability insurance. (3:09) How to navigate a gap in your company's coverage so you aren't caught unguarded if you get sick or injured. (5:10) How an individual plan can keep COBRA from squeezing your savings. (6:22) Surprising real life disability claims prove unexpected things happen even if your job isn't dangerous. (8:23) Didn't know it covered that? Arthritis, asthma, and other common ailments that can be covered by disability insurance. (10:12) They didn't think they needed coverage. Heartbreaking account of "I don't need it" turning into "I wish I had it." (10:58) Why you could still qualify for disability payments even if you're able to work a different job. (12:10) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Your most valuable asset is your ability to earn an income. But the majority of Americans do little to protect it. This is alarming because nearly ⅓ will suffer a disability sometime in their career that forces them out of work for at least three months. And it's not just people with tough jobs like building bridges or mining coal. If you're one of those under-prepared Americans, don't panic just yet… Because in this episode I'll explain how you can protect yourself against a disability that would obliterate your finances. Listen now! Show highlights include: Four dangerous myths that stop people from buying critical coverage. (1:43) The surprising survey that says half of working Americans are just a few weeks away from financial ruin. (2:24) Why you don't have to work in a dangerous industry to be at risk of disability. (3:17) Long term disability coverage won't cover something you already have? Here's why to get the coverage anyway. (4:19) How a comfortable desk job makes you a prime candidate for long term disability coverage. (5:00) Think Uncle Sam will take care of you if you're disabled? (5:27) Why trusting your company's disability plan could let you down when you need it most. And complicate your taxes! (7:31) Questions to ask Human Resources to know for sure your company's disability coverage is right. (7:52) When short term disability coverage actually lasts long enough. (9:20) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard the conventional wisdom: "Save 10% for your future self." But different experts say different things…10%, 20%...who's right? And what if your expenses are so high you think you can't save anything? This is the episode for you if you've been wondering about how much to save toward retirement. I'll explain why there isn't a "cookie cutter" answer, and what to consider as you make your own decision. I'll also share surprising pitfalls you need to watch out for so your assets don't get plundered. Listen now! Show highlights include: Why it's impossible to put a percentage on how much you should save for the future. (1:25) Overlooked expenses that leave retirees struggling to keep their house–even though it's paid off. (2:09) Tax man's 1-2 punch waiting for you in retirement. Know now so you won't get sucker punched! (3:34) Heartbreaking way assisted living needs can expose your assets like a carcass in the desert…and the vultures waiting to pick it clean. (5:30) How to use IBC to protect yourself in your retirement years. (9:30) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You like the idea of IBC, but you're wondering if you really have the money it takes to get started. You're not alone! It's normal for clients to wonder if they can really afford this, and how much they need to get started. That's why in today's episode I'm going to help you understand why I advise the funding levels that I do. I'll also explain why your exact number won't be the same as somebody else's, and why that's a good thing! Listen now! Show highlights include: Counterintuitive reason you should always aim for the high end of your budget range. (1:14) The one question you need to ask to know the right level for you. (1:25) What IBC rookies misunderstand about borrowing and the death benefit. (2:11) What a coffee stand can teach you about IBC. (3:25) Tight budget? Try looking in these places to find the funds you need for your premium. (7:19) Unexpected (and costly) headaches if you try to go UP in premium after you've started your policy. (9:11) How to use term life insurance to maximize IBC…and you won't need any extra underwriting! (10:43) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

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: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Every now and then I'm asked if churches can use Infinite Banking. And I wish more churches would ask, because the answer is "Yes!" If you're in church leadership, or just a member of a congregation you care about, then this episode is for you. I'll explain why IBC is a great option for churches who want to use their financial blessings wisely. And I'll tell you why IBC makes more sense than a savings account or CD with the bank. Listen now! Show highlights include: Why Uncle Sam lets policies built for churches be even better than policies for individuals. (1:10) Bank products have their highest interest in years. But here's why churches should choose IBC instead of getting swept away by the current rates. (2:47) Risky thing, I don't believe churches should do with their money. (4:20) Who should the church insure? Surprising reason staff members aren't always the best option. And where they could look instead. (4:45) How churches leverage IBC to keep their preacher from being dependent on social security after a lifetime of faithful service. (6:50) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You owe the US Government $519,000. What? How? Well, as a nation, we owe over $31 trillion owed in funded liabilities (debt.) And we also owe over $173 trillion in unfunded liabilities (even more debt.) Worst part? According to David Walker, ex-CPA of the USA, your future tax rate will need to double — or else the nation will declare bankruptcy. Imagine paying double the taxes you already pay. With taxes projected to double, trying to build a nest egg will be impossible. Imagine what your retirement would look like if the government legally takes nearly half of your salary (or your retirement income). In today's episode, I reveal two ways to build tax free wealth. Listen now! Show Highlights Include: Excited to get a lower tax rate when you retire? Here's why you could be stuck paying a tax rate of 74% at 80 (5:21) How to avoid an insidious "tax" that penalizes you 50% for saving money in your nest egg (9:00) 2 tax-free savings vehicles you can access in retirement (10:18) Is your income too high for a Roth IRA? If so, check out "CVLI" as an alternative (and pay no taxes on your savings) (10:32) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

It's great to have a whole life insurance policy for each member of your family. But what do you do when your budget simply won't allow it? In this episode we're talking about how to do the best you can with the resources you have so you can provide for your children. You'll learn what a Child Rider is and why it's a great option for most people who have financial constraints. I'll also share why the first month after your child turns 25 is a golden opportunity that can help them for the rest of their lives. Listen now! Show highlights include: Why having a favorite child can get you in hot water with life insurance underwriters. (1:06) How to affordably cover all your children, even if you have enough for a basketball starting lineup. (2:49) "Know before you go." Avoid surprises in underwriting by knowing these extra steps needed to add a child rider. (8:35) Can't insure everybody? Why covering yourself first is the best move for your family's legacy. (10:53) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

The death benefit isn't the primary concern for most people who use Whole Life Insurance for Infinite Banking. But it's still important! In this episode I'll explain why you cannot afford to overlook what a benefit it is. I'll also share a true story that illustrates why, in some cases, the death benefit is the most important part of the legacy you leave behind. Listen now! Show highlights include: "Immediate relief" your death benefit provides in case of a long term care need. (2:29) What happens if you pass away within 2 years of acquiring life insurance. (5:17) Unexpected reason term life insurance becomes a secret weapon to protect your loved ones. (7:40) "Optimistic" thinking that dooms your loved ones to misery and struggle when you die. (8:04) Stunning true story reveals flexibility and benefits of whole life insurance. (10:18) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Everybody who understands Infinite Banking wishes they had known about it sooner. So it's no wonder many of them ask: "Am I too old to start?" I get this question a lot. So if you're concerned you've missed your chance to use IBC this episode is for you. I'll explain why in most cases it's not too late, even if you're already at retirement age! Plus, I'll explain your options for those rare cases when age really does get in the way of starting an IBC strategy that meets your goals. Listen now! Show highlights include: Surprising age when Valerie's father started IBC. Still think it's too late for you? (0:51) Why starting sooner than later has its advantages, but doesn't mean you're sunk if you're late to the game. (2:17) "Legacy Factor" that makes IBC worth it for retirees, even if they're just starting. (4:29) The knowledge trap smart people fall into that derails their financial planning. (4:41) Crucial thing to know about your adviser that's more important for your success than everything you know about IBC. (6:18) Want to gift your grandchildren with IBC? Know these hurdles before you start. (8:00) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've come into a big lump sum of cash, and you're already using Infinite Banking. Naturally you wonder: "Is there some way I can use these funds to help my system?" Yes! You certainly can. And in this episode I'll explain your three best options, and why two of them are usually better than the other. In the interest of full disclosure I'll also share a fourth option. It's NOT the best idea in most cases, but I'll tell you why it makes sense sometimes. Listen now! Show highlights include: The first place to look if you have a lump sum and want to use it toward your existing IBC. (1:04) Surprising reason why paying extra now could cost you a lot more later. (2:30) Critical questions you need to ask before using a lump sum to establish more whole life policies. (5:00) "Premium" rule for growing your banking system, and how to leverage it in your favor. (6:25) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

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) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

There's been a lot of buzz around Universal Life Insurance policies. Mostly because they offer great flexibility in their premiums, and they sound great at first glance. So you might be wondering: is this a better way to do infinite banking? That's what I'm talking about today on the podcast. I'll explain what Universal Life Insurance is, and why there are several types. And I'll tell you why I still believe whole life insurance is the way to go. Plus, if you've got term life insurance you're hoping to convert to whole life in the future: I'll share something you need to look out for. Listen now! Show highlights include: Sneaky reason insurance companies keep introducing new Universal Life policies. (1:47) How clients with Universal Life policies often end up with no cash value in their policy. And why it's more common than you think. (3:30) Term life insurance premiums can double, triple, or more from one term to the next. Here's what to do if it happens to you. (5:12) You can have a whole life policy and only pay for 10 years. But should you? What to consider before deciding. (10:00) Nelson Nash's guiding principle that lets you use IBC even if you never have a bank account or insurance policy. (11:36) Shocking details lurking inside universal life policies. Great for the insurance company, but is it good for you? (12:17) What the TikTok influencers aren't telling you about universal life. (13:54) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

It can be hard enough to pay all your bills when you're healthy. What if hardship strikes and you can't make your bills? How will you ever pay your whole life insurance premium? Is your policy doomed to lapse, or is there something you can do? This is a question I get a lot. And today I'll explain different options (all legal and ethical) to keep your Infinite Banking plan together when life seems to be falling apart. Listen now! Show highlights include: Prime place to look for relief if your hardship comes from being unable to work. (1:15) How to borrow against your policy to pay your policy, without destroying your available cash value. (1:57) Afraid to borrow from your policy to pay the whole premium? Try this instead. (2:47) Looking for a premium discount? Hidden way to pay less. (4:36) Why missing your grace period isn't the end of your policy…if you can clear these hurdles. (5:28) "Raise the roof" reason to fully fund your policy in year one–even if money is tight. (8:32) Why forcing yourself to play catch up in funding your policy could open the door to a tax nightmare. (9:57) Why you shouldn't use dividends to pay your premium, even when they're big enough to do it. (12:06) Hard truth behind Universal Life policies' flexible premiums. They sound appealing until you know this. (14:24) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You like the Infinite Banking Concept, but you honestly wonder: "What company is the best for the whole life insurance I need to get started?" It's a question I get a lot! And even though I can't give a cookie cutter answer, in this episode I'll explain why that's actually a good thing. Plus, I'll tell you what to look for to get a great policy no matter what company you choose. I'll also explain the Infinite Banking decision that's even more important than the insurance provider you pick. Listen now! Show highlights include: Surprising parallels between insurance companies and world-class heart surgeons. (1:29) Avoid the confusion! There are different types of life insurance, here's exactly why mutual life insurance is best for Infinite Banking. (5:03) What Valerie looks for in whole life policies. Good to know regardless of what agent you work with. (5:46) Ironic reason an agent who works with lots of companies won't actually get you the best service. (6:45) Why the wrong advisor can hurt you far more than the insurance company chosen. (9:19) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Hypotheticals are one thing, but you want to know: "How do people actually use Infinite Banking to make their lives better?" Today I'm answering that question the best way I know how: by filling this episode to the brim with examples of what real people have done, and are doing. There's no theory or filler in here, just real world evidence of how IBC can help you handle the needs, wants, and challenges of life. Listen now! Show highlights include: How to buy that house you want, even if you can't qualify for a big enough mortgage. (1:14) Why one client was able to buy a new car without adding a dime to his monthly expenses. (2:20) Routine oil change reveals thousands of dollars in needed repairs. How IBC empowers you in this catastrophic situation. (3:39) IBC vs. College Expenses. How to win, even if you started late. (4:49) How to use Infinite Banking to upgrade your professional practice without freaking out your CPA. (5:41) Two factors that make paying off your mortgage with IBC worth it. Do they apply to you? (6:35) Overlooked benefits of using IBC to pay off personal debt. (7:33) Need these home improvements? Real home repairs and upgrades accomplished through Infinite Banking. (9:41) Why I funnel so much money through my IBC. (10:20) Little-known way your policy can save itself during financial hardship. (10:52) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

In a world where "too good to be true" usually is, it's easy to wonder if Infinite Banking works the way advisers like me claim. Maybe that's why so many people head to Google and ask "Is Infinite Banking a scam?" In this episode I'm going to separate fact from fiction so you can see through the confusion and misrepresentations certain "experts" create around IBC. I'll also explain why so many qualified financial experts refuse to tell their clients about IBC, even when it could fit them perfectly. Listen now! Show highlights include: What Dave Ramsey gets wrong about Infinite Banking, and why trusting him on this topic can cripple your financial plan. (1:10) Confusing IRS definition that spooks consumers away from IBC and all its advantages. (3:35) Dividend danger? Whole life insurance companies can miss a dividend, but how big is the risk really? An honest look. (7:00) Why borrowing against your whole life policy isn't "being charged to borrow your own money," regardless of what radio experts say. (9:14) One reason most advisors don't promote IBC. Hint: It's not about your best interest. (15:20) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

Now that you understand long term care coverage and why it's so important, it's time to talk about different ways to secure these benefits. Benefits that could be the difference between dignity and despair in the latter years of your life. In this episode I'll explain the basic terminology you need to know, and tell you about different options available to you. Listen now! Show highlights include: Long term care coverage option that's as easy to understand as car insurance. (1:09) Heartbreaking motive behind people dropping long term care coverage just before they need it most. (1:50) Benefit Payments 411: What they are. How they work. And the highest benefit amounts I've seen. (2:21) Why it's hard to find a policy with a lifetime benefit period anymore, and what periods you can expect to find instead. (3:36) Reason John Hancock, with government approval, signed off on raising rates on existing customers. (4:29) Why common sense supports getting an inflation rider on your long term care coverage policy. (7:15) Long term care coverage that works like a bank CD? How it works explained. (12:30) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You know long term care coverage is something you should look into, but you figure you have plenty of time. It isn't urgent. But the truth is: waiting could be a huge mistake. In this episode I'll share why you should secure this coverage sooner rather than later. Listen now! Show highlights include: Sneaky way forgetfulness can slam the door on your ability to get long term care coverage. (1:15) What a "pure" long term care policy is, and when it makes sense to get one. (2:25) Little-known way to get lifetime long term care coverage without paying monthly premiums the rest of your life. And it saves big money in the long run. (3:16) Nightmare tax Washington unleashed on long term care coverage. How to prepare before the same chaos comes to your state. (4:30) How whole life insurance can protect your savings from the government's never-ending spending spree. (12:22) Misconceptions about Medicaid and Medicare that wreck long term care planning. (13:13) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

It's easy to get confused about long term care vs. long term disability. And without being prepared, you could be setting yourself up for financial disaster at the worst possible time: your senior years. But don't worry! Today I'm here to clarify. And I'll explain why long term care coverage is something you should think about, unless you want a huge risk hanging over your head, during your retirement years. Listen now. Show highlights include: The difference between long term care and long term disability. (1:05) Who should get long term care, and the best time to do it. (1:12) Two massive reasons to secure long term care coverage before you turn 65. (1:25) "Best case scenario" combination of coverage to prepare you for retirement and beyond. (1:32) The six daily activities that matter most for long term care coverage, and why lacking the ability to do just two of them is enough for benefits to kick in. (2:52) Unexpected reason saving a million dollars for retirement could still put you at risk of bankruptcy. (4:47) Terrifying truth of how expensive medical care is. These real world horror stories show why long term care coverage makes sense. (6:13) Medicaid Myth: Why you don't really want Medicaid to pay for your assisted living. (8:31) Beware of the in-law suite. Why your plan to live with your kids when you're old might not work out the way you think it will. (10:12) What to do when even Infinite Banking can't give you a big enough safety net. (11:25) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Ask the average person if they think they'll become disabled, and naturally they'll say no. And while I hope they're right, the statistics tell a different story. And it's not just statistics: it's real people in the same position as you. Healthy people who never imagined it could happen to them. The reality is if you don't have a plan to deal with a disability, you're risking financial ruin. In this episode I'll explain why. And I'll tell you about ways to defend yourself so you can live with dignity even if you become disabled. Listen now. Show highlights include: Why your mental picture of disability tricks you into not preparing for it. (1:20) Young people don't get disabled, right? Wrong! The shocking percentage of 20-year olds who will become disabled before retirement. (1:44) Vital coverage more than half the private sector lacks, but at least half of people 35 and older will need. (1:56) Overlooked expenses during disability that add up quicker than you think. Could you pay for all of these? (4:19) The real number one cause of bankruptcy in America. (5:40) Why you should consider disability insurance, even if you have a well-funded IBC in place. (5:46) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Getting started with Infinite Banking is exciting, but it can also make you nervous: Especially if you're concerned about how to fund it. And many people are, because I'm often asked questions like "How much does it take to get started?" and "Do I need to have a lot of money up front?" So today I'm here to help calm those nerves! In this episode I'll walk you through those questions so you can start Infinite Banking with confidence. Plus, I'll give you a "big picture" view of Infinite Banking so you'll be able to set up your plan with the right perspective. Listen now! Show highlights include: Why "How much do I need to get started?" is the wrong question to ask, and what to ask instead. (1:30) How to use Infinite Banking to avert as much income tax as possible, in retirement. (2:45) Common mistake that makes time your worst enemy and shortchanges your lifestyle in retirement. (4:15) "Boring is better" benefits that make whole life insurance very attractive. (5:20) The honest banker's secret to better savings accounts, better retirement funding, and better control of your purchasing power. (6:14) What to do if you want to get started with IBC but don't have a lump sum of cash available. (9:13) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard about IBC and it sounds great. But you're wondering: "How do I even get started?" That's what today's episode is all about. I'll walk you through the best process. The process that lets you understand Infinite Banking and have confidence your plan is designed to work for you from the very beginning. I'll also share what you should know before meeting an IBC practitioner. And I'll give you a behind-the-curtain look at meeting with a practitioner so you can know exactly what to expect. Listen now! Show highlights include: The one book you must read before you start Infinite Banking. And why you should read it before talking to an advisor. (0:54) Why you shouldn't just depend on podcasts–even mine–to get your all knowledge about Infinite Banking. (2:53) Surprising reason your IBC practitioner doesn't want you to have "total confidence" in them. (3:33) What does an IBC consultation look like? An inside look at what you can expect. (4:31) The "start with the end in mind" way to ensure your IBC plan works in your best interest from the start. (10:04) What to expect in underwriting, and a little known way to accelerate the underwriting. (11:54) Need perfect health to qualify for life insurance? What underwriters are really looking for. (12:31) How a good IBC practitioner keeps watching out for you after the contract is signed. (14:13) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

It's normal to have questions and concerns about Infinite Banking. But where do you find honest sources who can tell you what you need to know? Look no further. Today I'm here to share the pros and cons of Infinite Banking. You'll get to hear my long list of pros, and listen as I dig deep into criticisms against IBC so we can look at it fairly and set the record straight. Listen now! Show highlights include: Compatibility Check: Why IBC works with velocity banking, and why you might like using IBC better than a HELOC. (1:05) Simple way to create generational wealth without winning the lottery or being an A-List celebrity. (3:01) Why the uber-wealthy love whole life insurance while you think an IRA is good enough. (4:44) "Antifragile" secret that keeps IBC immune to the ups and downs of the market. (5:52) How to use IBC so you'll never have to fear "cancel culture." (8:51) "Universal life" and "whole life" sound the same, but this key difference is why you can't afford to confuse the two. (9:01) Why IBC is wrong for impatient and impulsive people. (12:37) Unraveling the high premiums myth about whole life insurance, so you don't get tricked into ignoring a tremendous wealth-building vehicle. (15:04) "Think like a banker" secret helps you see opportunity where others don't. (16:15) How you can still leverage whole life insurance, even if you can't pass a physical. (18:05) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

The prime way the rich get and stay rich is by leveraging other peoples' money (OPM). But if you aren't rich you might be wondering: how can I find some OPM to get started? If so, then this episode is for you. That's because I'm sharing a long list of sources you can consider. Plus, I'll also explain why whole life insurance is my favorite way to use OPM to grow wealth of your own. Listen now! Show highlights include: Where to look for OPM so you don't get left behind financially. (2:48) The difference between angel investors and venture capitalists. Good to know if you're seeking money for your startup. (3:19) What a secured loan really means and why it isn't as safe as it sounds. (5:24) Why unsecured loans can be impossible to get when you need them most. (5:42) Clever strategy to finally make your credit card work for you. (5:56) Why whole life insurance is one of the best ways to use OPM. (8:07) How financial experts keep you behind the 8 Ball, broke and stuck, by encouraging you to get out of debt. And what to do instead. (9:30) Surprising way good debt keeps the rich rich and the poor poor. (11:49) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You know you can borrow against the whole life insurance policy in your IBC, and that repaying it with extra interest is like paying yourself back. But does that mean all the interest you pay is going right back to you? Not exactly. This is a topic that can get confusing, so today I'm here to set the record straight. You'll have a better understanding of what's going on with those interest payments, and be reminded of why Infinite Banking is superior to consumer loans from the bank. Listen now! Show highlights include: Why loans in your Infinite Banking setup give you repayment options so flexible it could make Gumby jealous. (1:12) "Owner mindset" shift that transforms your thoughts on paying interest and puts the insurance company on your side. (2:50) Surprising reason you aren't required to repay interest when you borrow against your whole life policy, and the painful consequences if you abuse this feature. (4:09) Why you should always pay your loan back, except in this one situation (completely legal and ethical) that benefits you the most. (5:22) Why your Infinite Banking system keeps growing, even when it seems like it won't. (6:14) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Everybody's heard about inflation, but most people don't know much about it. And the government and banks seem all too happy to keep it that way. But this topic is so important even John Adams was sounding the alarm about it all the way back in the 1700s! Inflation can be hard to explain in academic terms, so today I'll share a story that illustrates what inflation is, and how it does so much damage. It's ripped from the Roman Empire, but you'll see the parallels to your country today. You'll also see why it's important to protect yourself from inflation as best you can, and one way to do it. Listen now! Show highlights include: Why undisciplined government spending always leads to inflation. (2:55) How even a slight manipulation to currency sends shockwaves through the entire economy and strangles your spending power. (3:05) Real reason the Roman Empire collapsed, and why other nations are at danger of the same fate. (7:20) What to say next time you're in the grocery store so you don't blame high prices on the wrong source. (8:30) Sneaky way banks contribute to inflation. Your mortgage or car loan could be part of the problem. (8:34) Legal way to protect your money from traditional banks so they can't make inflation even worse. How it helps you and your country. (8:45) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard plenty of savings advice. But you might be wondering if conventional wisdom really is the best. Well did you know sometimes banks will encourage you to follow one strategy while they operate on a different one? In this episode I'll tell you what they do so well, and how you can adopt their strategy yourself to plan for retirement more effectively. I'll also explain why you should be building a "ginormous" nest egg, and a few things to look for so what you're building doesn't get crushed by things you can't control. Listen now! Show highlights include: Simple test to know whether you should use money to save or to invest. (0:37) How much of your nest egg should be in investments? Here's what Valerie thinks. (1:33) The "diversified" lie that makes you feel secure but can put all your assets at risk. (2:45) Earn on the money you spend? Sounds impossible, but here's how to do it. (3:24) The perpetual motion strategy banks use to make their money work for them. And how you can use it too. (5:10) Einstein's insight on compound interest. Why knowing this one thing can be the difference between lifelong money struggles or a secure retirement. (6:47) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard the downsides of term life insurance and now you're wondering: "Why would I ever buy term?!" But the truth is, there are times where it's a smart move. And in today's episode I'm sharing a boatload of reasons term life insurance can make sense for you or your loved ones. Listen now! Show highlights include: How to use term life's flexibility so you get the death benefit you need without a premium you can't afford. (0:52) Why you should go through underwriting right away, even if you don't think you can afford life insurance yet. (2:27) Surprising way term life lets you maximize your pension benefits. (4:27) How smart business owners use term life insurance to save their business when misfortune strikes. Works for partnerships too. (8:03) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Critics of Infinite Banking say term life insurance is the way to go. And while I believe there's a place for term insurance, that doesn't mean it's for everybody. And there are things you should know that you can't expect to hear from the people who sell and promote it. In this episode I'm sharing important downsides so you can know when term insurance makes sense for you, and when it doesn't. And I'll give you some warnings so you don't let a good use of term insurance accidentally wreck your financial planning. Listen now! Show highlights include: Are those low premiums worth it? The shockingly low term life insurance pay rate. (1:17) When term insurance actually makes sense. (2:00) How term life lulls you into a false sense of security that leaves you exposed to financial hardship. (2:31) Overlooked term life renewal factors that could empty your wallet or leave you uninsured when you need it most. (3:23) How a healthy husband's simple oversight left his wife in financial straits. And how to make sure this could never happen to you. (5:44) Buy term now and convert to whole life later? Sounds smart. But beware this sneaky thing companies do that can topple your strategy. (7:00) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've learned enough about the benefits of Infinite Banking you're starting to wonder: Why doesn't everybody know about this! Is it a conspiracy? A plot to keep you in the dark? Not exactly. There's a simpler (but still serious) explanation, and I'm sharing it in today's episode. Plus, I'll give you a peek "behind the curtain" at what goes through the mind of an average agent when they're introduced to IBC. Listen now: Show highlights include: Does your advisor suffer from "arrival syndrome"? What to look for, and why it robs you of the best service you can get. (1:27) The simple way to introduce people to IBC, even if you stink at explaining things. (3:36) Surprising indicator your advisor is a cheapskate, and why to avoid them if they are. (5:43) The #1 resource to learn IBC. Spoiler: It's not social media, or even a podcast. (6:54) Selfish financial incentive that may be what keeps some advisors from promoting IBC, even if it's the best strategy for you. (7:53) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You don't like to think about it. But you know that in a blink something could happen that leaves you financially responsible for a fortune. But you don't have a fortune. So now what? Can creditors or the government come after everything you have? Even your life insurance? This is a complex issue, with parts that vary by state. But on today's episode I'll help you understand the basics so you can know what protections you might have. Listen now! Show highlights include: Exemption exclusions you need to know about. Especially if your policy is tied up in a loan. (3:33) Does Uncle Sam get to know everything about you? The secret you can legally keep from the IRS. (4:51) Surprising "FAFSA advantage" helps you save for your child's college education and still qualify for financial aid. (5:22) Why you should use IBC to save for your child's college fund, especially if you aren't certain they'll go to college. (5:43) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You know that IBC is built on cash value whole life insurance policies, so you might think term life isn't worth your attention. Don't be so sure! It turns out, term life insurance can make it easier for you to build your banking system. Especially if you're just starting, or have a limited budget. In this episode I'll clarify one important feature of term life insurance: how to convert it into a whole life policy. I'll also explain when a term life policy is right for you, the difference between a term life policy and a term life rider, and what makes term life insurance so great in the right situations. Listen now! Show highlights include: How your existing term life insurance can grow your IBC without another bothersome nurse visit. (1:13) Why IBC beginners should also consider term life. (1:36) The crucial difference between a term life policy and a term rider, and why knowing this can save you from an expensive mistake. (3:50) Infinite Banking's "build it backward" approach so your new whole life policy works for your goals and budget. (6:55) Why term life insurance's flexibility could make Gumby jealous. (9:07) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've got plenty of life left to live, so you don't want to think too much about all the expenses involved when you die. But that's dangerous, because without proper planning you could leave your loved ones a nightmare, even if you have a fortune in hard assets. Today I'll share the most common financial obligations that show up when you pass away. Knowing what these are will help you plan so your family has the cash it needs if something unexpected happens to you. Listen now! Show highlights include: The "Big Five" death expenses. Overlooking even one of these could blindside your family and your finances. (1:11) Secret tactic, already used by mega-estate owners, to shield yourself from more taxes. (2:46) Why knowing a good estate attorney is worth the effort, and where to look to find one without hassle. (3:45) Startling truth about medical costs, and how they can derail your loved ones' ability to receive your death benefit. (6:54) The "scrounge and scramble" way to make sure your family is miserable and struggling to make ends meet without you. (8:09) Can't start a whole life policy now? What you should do immediately so your family isn't vulnerable. (9:20) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

If you have disability coverage at work you probably think you're "all set" if something happens. But the truth is, most coverage offered by employers hides terrible surprises. Surprises that mean you'll get a lot less than you think, if you ever need to collect benefits. Waiting until disability happens is too late to protect yourself. You need to take a closer look at that coverage NOW. So in today's helpful episode I'll tell you exactly what to look for in that work-provided policy so you don't get blindsided. Don't have coverage from work? I'll also explain the key points of both short term and long term disability so you'll know how to find coverage that works for you. Listen now! Show highlights include: Key questions to ask about your existing insurance so you don't get burned when you need the benefits. (1:20) The "Uncle Sam" surprise waiting for you if your employer buys your coverage. Know this so you don't get a smaller disability check. (4:17) "Exclusion Inclusion." Why you should still consider that policy even if it has some exclusions. (9:15) High-earner blindspot that keeps you financially vulnerable to disability, even though you think you're covered. (10:45) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You've heard people use that dreaded "D" word… Disability. It's dreaded for good reason, because even temporary disability can demolish your savings. And yet, so many people don't give this danger a second thought. They leave themselves completely exposed to catastrophe. But you don't have to be one of them! In today's episode I'll explain just how serious this issue is, and how to protect yourself from a financial disaster waiting to happen. Already have disability insurance? I'll also tell you what to look for so you can be sure you've got the right amount of coverage for you. Listen now. Show highlights include: The surprising #1 cause of bankruptcy in America. Can strike in an instant, and you aren't immune. (1:30) Your "two most valuable assets." They aren't what you think they are, and they're exponentially more important than all the rest. (2:57) Simple insurance riddle that still baffles millions. Do you make the same dangerous mistake? (3:20) Alarming disability statistics that dismantle the "it could never happen to me" myth. Shock yourself out of complacency with these cold hard facts. (5:00) How to know if that group disability insurance plan your work provides is really enough coverage. (7:31) Surprising reasons your work disability coverage could leave you living off half your income when you need the money the most. (8:01) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

You know the appeal of "being your own bank" and how you can use your IBC system to effectively give yourself a loan. And since you know those loans would ultimately be taken out of your death benefit, you might be thinking "Why not borrow the money, and then never pay the loan back?" It's easy to think this way. But in today's episode I'll explain why this is not a good idea. You'll see why it's in your best interest to pay those loans back as you build your IBC system for the long haul. Listen now! Show highlights include: Best loans ever? Why life insurance policy loans sound too good to be true. You'll never find these features at commercial banks. (1:33) The pleasant surprise that happens when you make a payment on a life insurance loan. (3:16) How to wrangle consumer debts so you can pay them off faster without making bigger payments, or sweating how it affects your credit score. (5:13) IBC's "nuclear option" if you're struggling to repay your life insurance loan. Not ideal, but it beats bankruptcy. (8:09) How to avoid the retirement shock that could catch you off guard and and unable to cover expenses. (10:21) The "180 effect" retirement has on your IBC strategy so you can live worry-free after your career. (11:01) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

Nobody looks at the terms of a loan and thinks "I wish I could pay higher interest on this!" So you might look at loans you make to yourself through your IBC the same way: "I'll just pay back at the low rate the insurance company charges, and no higher." Believe it or not, thinking like this could cost you! And prevent you from increasing your financial freedom through IBC. I'll explain why in today's podcast. You'll see why it makes sense to pay yourself a higher interest rate, and how to use that higher repayment to turbocharge your banking system. Plus, you'll know exactly how to handle this, so setting it up is simple and frustration free. Listen now! Show highlights include: Why you should keep your interest rate options open, instead of blindly accepting what the insurance company charges. (0:35) The "don't steal the peas" strategy to make sure you repay your loans for your own best benefit. (2:30) How treating yourself like an honest banker helps you set the optimal interest rate for your loan. (3:22) The "clean accounting" way to repay your loans when you choose a higher interest rate than the insurance company charges. (4:22) How to use the extra interest you paid yourself so you can further grow your banking system. (9:24) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)