Thursday Oct 12, 2023

Never Lose the Power of Your Money with Dave Befort

The idea we’ve been exposed to about investing is that our money can only be in one place at a time, right? That’s all we’ve ever heard, but that’s not exactly true. Your money can work for you in two different places thanks to the Infinite Banking Concept. It’s a strategy that we’ve previously discussed with today’s guest, Dave Befort, but today we want to dive into how to truly harness the power of being your own bank.

Here’s some of what we discuss in this episode:

0:00 – Intro

4:24 – The Infinite Banking Concept

7:59 – Why Dave does this

14:45 – The amount the average person pays towards debt

18:52 – Using this vehicle to replace a Roth

21:46 – Having access to your money

25:13 – Why should a pilot consider this?

32:49 – Why Ryan won’t invest in any fixed income again

35:57 – How do you get to a point where you’re putting all your money in here?

Learn more about Dave: https://maxperformancefinancial.com/about/

Read ‘Becoming Your Own Banker’ by Nelson Nash: https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS