Preaching Prosperity: How One Minister Mastered the Infinite Banking Concept
The Capitalizing Your Life Podcast
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Show Notes
Episode 26 with Nate Dean
“But even when we are paying cash, we are giving up the interest that that money could have earned if it would have been in a better environment. So even when we're saving up to pay cash, we're losing out on the opportunity costs on those dollars. The other side of that is we're always making payments to someone. We're making payments to the bank when we're borrowing, but when we are saving up, either sporadically or systematically, we are making payments to ourselves for a future purchase. So, if you can take hold of those ideas and wrap your mind around this idea of, ‘I can be the borrower and the lender simultaneously,’ like that is a powerful process when I get to control both sides of those things.”Join Glenn as he interviews Nate Dean, the co-founder of Unlimited Life Concepts (ULC). ULC is a company that teaches individuals and businesses how to create private banking systems using the Infinite Banking Concept (IBC). After several years serving in youth and music ministry, and then as a pastor, Nate discovered the IBC and felt called to educate others on how they could also find financial freedom by becoming their own bankers.
Glenn and Nate discuss:
- His journey from music and ministry to a financial education business
- How pastors explore life topics
- His introduction to the Infinite Banking Concept (IBC) and whole life insurance
- Understanding the IBC and its many benefits
- Thinking long-term and rate of return
- The value of whole life insurance versus term life insurance
- Comparing IBC to other types of investments
- Using whole life insurance to finance vehicles and other opportunities
- His podcast, Cashflow Legendz, and financial coaching business
Episode Links:
X (formerly Twitter): @ChroniclesNate
LinkedIn: @nate-dean-6b5600248
Facebook: @unlimitedlifeconcepts
YouTube: Cashflow Legendz Podcast
Becoming Your Own Banker by R. Nelson Nash
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LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney
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