Vernon McCarty, Jayson Lowe, and Sarblo Gill explain the Infinite Banking Concept: using dividend-paying whole life insurance to finance your own needs instead of borrowing from banks. They show how much interest you lose by taking traditional loans and walk through the math of how policy loans work.
Chapters
Most people have no idea the importance of the process of banking in their everyday lives. They don't actually realize that they're already. That banking is already a lifestyle because we do it every day. Every time you use a dollar, every time you spend a dollar, you're permanently transferring that dollar away from you. That capital is gone forever from your family and your business. You will never get it back. More importantly, you're transferring the opportunity to grow that dollar.
Okay, so we're earning the money from all those different sources of income and then what are we doing? We're taking that money, we're spending it on the groceries, we're spending it on the home insurance, we're spending it on the car payments, we're spending it on gas for the car.
Somebody tell me when to stop.
Every decision that you make with the use of money today, it is a financing decision. And you're always dealing with borrowed money. The reason why every decision you make with the use of money is a financing decision because you're either making a decision of paying interest or you're making a decision of losing interest. Every dollar, that's how it gets spent.
My name is Vernon McCarty. I'm an authorized infinite banking practitioner through the Nelson Nash Institute. And I'm a coach, an advisor here on the ascendant financial team, Lucky and blessed to work with good people, good Canadians just like you, every single day to coach them on lifestyle banking, implementing the process of becoming your own bank, or the infinite banking concept. Oh, man, I've just got like energy flowing through my veins right now. I'm so pumped. We had a pre meeting with the team, a little huddle right before the webinar. So I'm super excited because I know my teammates are going to bring a ton of value for you here tonight. Like me, you've probably had a very busy day. You've got a lot of things going on. You know, you're running around, you're doing work, all that kind of stuff. But you're here now. You are here for you. So I just want to encourage everybody and invite you to just take a few minutes, get yourself set up, get yourself in a quiet space, grab a pen, get a notepad, get ready to take some solid notes because you're going to get a ton of value tonight. And I'm certain you have one of these devices here. You can take that. My friend Sarblo says, hey, Vern, get them to just toss that right out the window. I promise you. Turn this thing off and set it aside. It will Be there waiting for you. So just put yourself in a position to get the most amount of value out of the night tonight. Okay? I want to take a minute to congratulate you. I just want to congratulate you because you made an excellent decision to be here on this webinar on lifestyle banking. And congratulations for making your wealth a priority. And being here is a big step in you creating a peaceful, stress free financial life. You know, a lot of Canadians are not making their wealth a priority and they're not focused on what they can control. You're here to learn about lifestyle banking and implementing the process of becoming your own banker, the infinite banking concept. In Canada, most people have no idea the importance of the process of banking in their everyday lives. They don't actually realize that they're already that banking is already a lifestyle because we do it every day. We're doing banking all the time. It just is, it's happening everywhere. You can't do anything financially without the process of banking. But the problem is for most people, they're not the banker in their own lives. Someone else is controlling that process. Somebody else is determining all of the rules that they have to follow. People don't even realize that every time you use a dollar, every time you spend a dollar, you're permanently transferring that dollar away from you. That capital is gone forever from your family and your business. You, you will never get it back. And more importantly, you're transferring the opportunity to grow that dollar. Cause money has two values, what it can purchase today and what it can grow into in the future. And once we transfer that dollar, that growth opportunity is gone. But when you hear becoming your own banker or lifestyle banking, not everybody's really sure what that means all the time. They think, well, how can you become your own banker? It's actually ridiculously simple. If we just stop and take a minute to think about what is it that a bank actually does? Well, they accept deposits and they loan money to create income streams. So what if you could just do that yourself? What if you could create a system, a process that would allow you to make deposits into a system that you owned and you controlled. And you could access capital from that system, like issue yourself a loan to achieve an objective. And then you could make a payment that's under your control, right back into your own system so that you get use and control over that money again. That's what the process of becoming your own banker, lifestyle banking, that's what it's all about. One of the things that is when you get a new idea or a different way of thinking about things, you have to have an old idea leave so it can be replaced with a new idea. But for some people, that just isn't the easiest thing for them to do. And the reality of it is, though, is if you can adapt to a new way of thinking or change the way that you look at something, amazing things can happen. And that is the opportunity that you have this evening. Now I have the privilege of introducing my two amazing colleagues who are going to do an excellent job bringing value, as I said, and they do a great job of helping people think differently. And they've been doing it for many, many years now. My first colleague is Sarblo Gill. Sarblo Gil is a great coach. He's a successful real estate investor and a family man. Sarblo has personally helped hundreds of families over the last half a decade implement lifestyle banking by becoming their own banker. And Sarblo enjoys building long lasting relationships with his clients. Sarblo also coaches new teammates who join our team so that they can expand their capabilities and have an even bigger impact on more Canadians. So Sarblo is going to bring a ton of value tonight. The second presenter, second speaker that's going to be doing the bulk of the presentation alongside Sarblo is Jason Lowe. Jason Lowe is the founder of Ascendant Financial. He's a visionary, a gifted leader, and has over 22 years as a highly regarded coach, speaker, advisor to individuals and business owners nationwide. Jason Lowe leads a team of professionals highly sought after for their strong belief in and commitment to the process of becoming your own banker. The infinite banking concept that was developed by the late R. Nelson Nash. Jason Lowe is a chartered life underwriter and an authorized infinite banking practitioner through the Nelson Nash Institute. And he mentored directly under the late R. Nelson Nash and has helped thousands of Canadians implement lifestyle banking by becoming their own banker. And when Jason isn't working on or working in one of his many successful business ventures, he's spending time with his friends and family. And I get the great pleasure to hand it off to Jason Lowe right away.
Thank you so much for the kind introduction. And I want to extend a sincere welcome, of course, to everybody who's joined us from across Canada. Thank you all sincerely for being here. And as Verne mentioned, you know, you definitely made the right decision. And the whole focus is all about lifestyle banking. And so what we're going to do for the benefit of everyone, we're going to pour a really good foundation at the beginning of the webinar and Then we're going to dive right into the lifestyle banking aspect. Now what I will say is that whether you're new or whether you're a seasoned policy owner now I'll share with you. Over the past 14 years, I've heard my late mentor, R. Nelson Nash, the developer, the pioneer of this process. I've heard Nelson speak on countless occasions. Every single time I heard Nelson speak, I learned something new. Every single time I read the book that he wrote, the concept that he developed, I learned something new. This is my original copy of the book titled Becoming youg Own Banker. The operative words being your own. And so when I was first introduced to this process and I picked up a copy of this book, I had no idea what it truly meant and what the advantage would be. When people who had been practicing this process for years before I was first introduced to it were saying to me, jason, you need to read the book again. And then you need to read it again and then you need to read it again and never stop learning something new. There's no such thing as having arrived in knowledge each webinar as we do, true to form. And that's by giving credit to the late R. Nelson Nash. Now, if you haven't had opportunity to watch the documentary that I had commissioned on Nelson prior to his passing In March of 2019, there are two resources that I would like to draw your attention to. We want to start bringing value to you right away. If I can have one of my teammates just type in the resource to davenelson.com again that's dayofnelson.com and the second resource is nelson nash film.com again that's nelsonnash film.com it's a one hour documentary that will give you a much deeper understanding of just how incredible R. Nelson Nash was and the impact that he's had on an incalculable number of people across the world. And this book, Becoming youg Own Banker. More than a half million copies have been sold and there's a reason why, and the reason is that the process works. And I'll share with everybody that's a self published total number of books sold. I don't know any other self published author who has sold even less than a quarter of that amount, let alone what this book has sold and continues to sell. And so if you don't have a copy of this, make sure that you add it to your library. You'll receive a link via text and email. If you haven't already get a copy. You'll be glad you did. And what I'd like to also extend to you is that the day of Nelson. This is a tribute that we put together to interview so many people who had the pleasure of knowing Nelson, including yours truly, for so many years, to share their memories, their experiences, their key lessons learned in their implementation of the process. And you can find that@dayofnelson.com so be sure to visit that site. There's a great chapter of videos, number of chapters of videos that are easy to navigate. And you'll just love that resource, I promise you. And let's start compiling what are some different sources of income. So I'll kickstart that. One source of income could be rental income. If you're a real estate investor, for example, I want you to think about all of those different sources of income and think about your own sources. Okay, how am I making money today? And I want you to add all that up in your mind's eye, and I want you to think about where that money ends up. Where does it end up not only being deposited, but where does it all end up after you spend it? Now, I want to just emphasize this because we deal with everything digital, right? We're talking about online banking, we're talking about, you know, everything is. It's a digital experience now. But I just want to illustrate this key teaching point using real money. Here's what I want to do. Can you see that word properly on the screen?
Groceries, home insurance.
No, I'm talking about things that we're spending money on each and every month. Yeah.
Car payment. Yep. Power bill. Gas for the cars.
And more bills.
Right, and more bills.
Now this takes money. Okay? So we were earning the money from all those different sources of income. And then what are we doing? We're taking that money, we're spending it on the groceries, we're spending it on the home insurance, we're spending it on the car payments, we're spending it on gas for the car.
Somebody tell me when to stop.
We're spending it on the power bill.
Okay.
We're spending it on more bills. Okay. And then we might have just a little bit left over as discretionary money that we can choose to do whatever it is that we want to do with it. Regardless of any of that. If you just take all that money for everything that you're spending that cash on, all those bills, all that money that's flowing through your hands every single day for everything that you need to spend money on, this is your hard earned cash, where's it all ending up.
In the bank, someone else's bank. And when you earn more of it, so we clean the slate, you spent it all, and then you get paid again. The same cycle of events happens all over again. So in other words, you're doing all the work and everyone else is getting all your money. And when I say that everyone else is getting all your money, I want you to think about this. Your debt is someone else's passive income. But I want you to think about how this is happening in your life right now. I'm speaking to you in your life right now. And if you continue to allow the control of that function called banking, if you continue to allow someone else to perform that function for you, that someone else is getting wealthier every single day of every single week of every single month of every single year of every single decade. And it's not just in your generation, it's for every future generation that comes after you. So what we want to be doing, the essence of the process of becoming your own banker, the infinite banking concept, is to recapture the interest. That money that you're presently paying to banks, credit card companies, finance companies, loans, all that money that you're paying, you're transferring it away from you. Someone else is gaining control over the motion, the use, the liquidity of this money. And who do you think they're putting it to work for? They're putting it to work for the stockholders of the bank, not for the depositor, not for the borrower. And so the person that's controlling this function of banking in your life right now is the one making the most money. So when somebody tells me in response to a question, how much money do you make every year? Client Sundays, I make $100,000 a year. And say, no, you don't. Client says, yes, I do. Let me show you my T4. Let me show you what I'm making each year. Said, no, no, you're not making that money. The bank's making that money. Literally, all you're doing is handling it. And so what we want you to do is we want you to handle more of that money, and we want it flowing back to an entity that you own and that you control. And if you think about all the money flowing through your hands and flowing through your hands every two weeks when you get paid, every time you swipe that debit card, every time you make that credit card payment, how soon do you want to change the flow of that money? How soon do you want it to stop flowing away from you? Because the bankers got you exactly where they want you right in their back pocket. We're not going to talk about some magical product that's going to solve all of your life's worries and take care of you forever. What we're going to do is we're going to talk to you about a process, and we're going to, of course, describe the tool that's used to implement it. But guess who needs to learn how to use the tool? And once you learn it, guess who needs to be the one using it? You do. We're going to show you how we work with our clients, because the way that we show up and the way that we coach is going to help you become independent, not to increase your dependence on someone else to create the financial security and abundance that you deserve. Now, you don't need to rely upon someone else. You can do this. We're going to show you how. And so I need you to capture this as a thought exercise. When you leave here tonight, I want you to write down all the money that's flowing through your hands, and I want you to really think about the advantage that it would create for you if you changed the flow and if you recaptured that. We talk about lifestyle. What does that even mean? You need the use of money for the rest of your lifetime, and so does every generation that comes after you, whether it's this worthless stuff, paper, or whether it's software. That is cryptocurrency. Whatever that medium of exchange is, you can either transfer it away or have it flow back. We want to talk to you about how to get it flowing back. Sarblo. We use the term called lost opportunity cost. Okay, now, this is a fancy word. You can hang out with the guys on Wall street if you use the words lost opportunity cost, although most of them won't even know what you're talking about. But it's still a big word, and they'll think you're smart. So if you think about the words lost opportunity costs are blow. Can you take a moment? What exactly does that mean, and how do you actually reckon with it? Because a lot of people, they pay lip service to the words lost opportunity cost. But I've never met anyone for the first time who says, yeah, you know, I actually reckon with that. And let me show you how I do that in my life. But our clients reckon with it. That I can assure you. Go ahead, Sarblo, take it away.
Well, dude, Jason, thank you so much. So our journey, called life, starts with capitalization. We have to capitalize. And how do we capitalize? We invest in ourself we invest through going to college, going, you know, we get a bachelor's degree. And some people want to not stop getting a bachelor's degree. They want to get a master's degree and a PhD degree. So they go to universities. So what we are doing at that time is we are capitalizing. We're capitalizing to learn a skill so that we can own income and then use that income to produce or maintain the lifestyle that we want to maintain for our families and people who are dependent on us. And then there are other kinds of people who don't prefer to go to school, college, or university. They just invest to learn from someone else's experience. And they end up being maybe successful entrepreneurs. So it doesn't matter which route we go. They both got options. Now we do that to earn income, to maintain lifestyle. And then Jason talked about it, right? Our need for cash is not going to end. We need money till the end of time. Money has to flow. It has to come from some source. We need money till the end of time, not just for our lifetime, but also our next generations will need that money. Now, for who and for what we do. We work well, we work for ourselves, we work for a family. We work for people who are dependent on us. And to do that, we set goals. We set financial goals. And once we have those goals, we start working towards achieving those goals. But one thing that is required to achieve those goals, there's a tool that's required. And that tool is called cash. That tool that we need is called access to capital. And this capital that we need to build the lifestyle that we need, it has to come from some source. It can come from your pool of money. Now, if you are setting aside monies by method of saving in someone else's bank, then that someone else's bank is controlling the use of that money. What you see is really not there. But let's assume that you're setting aside this money. So when you want to access capital, it can come from that pool of money. But you know, you can also access capital from someone else's pool of money. We have something called a loan from the bank. Now, here's an important fact to recognize. It doesn't matter which source you access money from vis a vis, whether you use your money, which is your savings money that you set aside, the warehouse that you've created, whether that warehouse is at a commercial bank, or whether that warehouse is under your mattress, in your pocket, wherever you treat that warehouse of savings. So you can. So vis a vis, you can Access this, that pool of money from your savings, or you can access money from the banks. The truth is that you're always dealing with borrowed money.
Now you may think, I understand that when I access money as a bank loan, it is borrowed money and I have to pay interest in that money because it's literally showing up as a loan and I'm borrowing that money. But how is it borrowed money when I use my own cash? Well, if you use your own cash, you transfer that money away from you forever. You can never use that money again. That money can never own an interest for you ever again. Not just for your lifetime, for your generations to come. You are borrowing from your future net worth when you transfer that cash away. So you're always dealing with borrowed money. Either you borrow money from someone else, maybe a bank, and pay the bank interest, or you're borrowing money from your future net worth. Because when you pay cash, that money could have been working for you. But because you make a decision of paying cash, that money's gone forever. So when you pay cash, you're giving up the opportunity to use that money again. You're giving up the opportunity to earn interest on that money again, poof, it's gone. So again, when you use cash to buy things, the money is gone. Not just from your lifetime, but for your next generations to come. And that cost of not being able to use that money again, that cost is called cost of loss opportunity. Now, some of you may understand the cost of loss opportunity, but Nelson describes it pretty well in his book that most folks don't even pay lip service to cost of loss opportunity. They think they know, but they may not even know the real impact that it'll have on your future wealth. So let's calculate cost of loss opportunities. I'm going to use this example. So let's meet Jake. Jake is 28 years young. He started his professional career at the age of 25. He's an accountant. His income is 75,000 per year. He's a saver. He believes in setting aside money because again, it's not that he sets aside money just for the purpose of saving. He's setting aside money for the purpose of using money in future for very specific objectives. Everything begins with saving. Without saving, building wealth can become a challenge. So he saves $20,000 per year. And one thing about Jake is he dislikes paying interest on consumer loans. He hates borrowing money from anybody because his costs are boring. It's called interest. Now, he pays cash for most big ticket items. That's one reason why He's a big saver because he wants to set money aside to buy those things and he doesn't want to go into debt because he hates paying interest. Now he recently purchased a used car for $25,000. Now here is what Jake is thinking in his mind's eye the moment he purchased that car using $25,000, he's thinking that he didn't pay interest on that money, so he saved the cost of paying interest. He's also thinking that because there is no debt on the car, he owns the car free and clear and then he's got no payments on it. This is what's going in Jake's mind as he goes about accomplishing the objective of using his cash to go buy the car. Now here's the unseen on that transaction which he didn't reckon with because he didn't pay attention to cost of loss opportunity. We always see the interest that we have to pay, but we never pay attention to the interest to be losing. When we pay cash, that 25,000 is gone forever. It's not going to earn an interest for him ever again. So let's assume for Jake that he could have earned 2% on that money. So that $25,000 that he used to buy the car, and very conservatively, let's assume that that money could have been earning him 2% per year. And I know it's a very conservative number, he could be earning much more than that. But just hypothetically, let's assume that he could be earning 2% on that money. He purchased the car at the age of 28. And based on today's statistics, projected mortality for male non smoker is still age 85. So number of years that he was going to be implanted based on statistics is about 57 years. Now from age 28 till age 85, he gave up the opportunity to earn 2% on that $25,000. That 25,000 is gone over his lifetime. And I'm just going to do the math. Over his lifetime, which is 57 more years on planet. The cost of loss opportunity is $53,000 just on that one single transaction. His decision of using $25,000 to pay cash for his car is going to cost him $53,000 in passive income time. That's the cost of loss opportunity. So cost of loss opportunity, his future passing income reduced by $53,000 just because of him making that decision. Now here's another way to look at it. We look at it from cost of loss opportunity, which is dollar figure. But here's another way to look at and understand the cost of loss opportunity. So his opportunity cost in that money was $53,000. Now he saves 20,000 per year. Now how many years going forward is he now going to work just to recover his cost of loss opportunity? So the cost of loss opportunity on that transaction is $53,000. And he doesn't even know it yet because he's not doing the math on the unseen which I am showing you today. So the cost of loss opportunity was $53,000. And if he's saving 20,000 per year, so 53,000 divided by 20,000, that's 2.5 years. So on that single transaction of $20,000, he's going to work the next 2.5 years just recovering his loss. So that single transaction of paying cash has put him back in life by two and a half years. That's a lot just in one transaction.
Well, the banker's happy though.
The banker's happy because they got access to capital to use money and put that money to work and make more profit for it. That's what the banks want. They want access to capital.
That's right.
Now, banks understand this power of compounding. The bank also understands there's power in charging compound interest. Now, that is cost of loss opportunity on just one transaction. Now, if Jay continues to do based on his behavior, which is paying cash for all the major items that he wants to acquire in life, imagine the cost of loss opportunity just for that. You are paying cash today for the things that you need, maybe property taxes, maybe rent, maybe food, clothes, bills. Add up all that capital just in one month. How much money are you sending away just on cash payments? And then do the math just the way I did the math for Jake. What is the cost of loss opportunity for you? How much is that transaction impacting your future net worth, that net worth that you could be spending at retirement time. So you either pay interest to someone else on loan. So when you borrow money from someone, you have to pay interest. But when you pay cash for goods and services, you losing interest. Every decision that you make with the use of money today, it is a financing decision. And you're always dealing with borrowed money. The reason why every decision you make for the use of money is a financing decision because you're either making a decision of paying interest or you're making a decision of losing interest every dollar. That's how it gets spent. And then you're always dealing with borrowed money. Either you're borrowing money from someone else and paying interest or you're borrowing money from your future net worth and losing interest and depleting your future net worth. There are no exceptions to that rule.
Yes.
Yes.
Can I ask you a question?
Sure.
I want you to think about this for a second. Okay. Because Jake, with this $20,000 deal.
That he saves every year and then he goes and what did he spend on the car? $25,000.
$25,000.
Okay, so if you have $25,000 in cash that he spent to buy the car and you have what percentage of interest?
Zero.
So which number is bigger?
Well, the lost 25,000.
So if he is not paying any interest, does never having the use of that $25,000 again, does it make it worthwhile for him to pay 0% interest?
Jake didn't think so either. And then he decided to change how he financed everything that he purchased. And financing everything he purchases means lifestyle banking. And so how did he go about creating that change?
Yeah. Well, first thing first is right, we have to truly reckon and understand that there is a problem out there. And once we understand that there is a problem and we relate to it, then we go about finding the solution. Hey, okay, I understand the problem, but how do we fix it? What's the solution? The solution is the process of becoming your banker. This is how he can stop the leak in his finances, of transferring cash away and then losing cost of loss opportunity. The solution is never interrupt compounding of your money. That's truly the solution. Okay, so the solution is I put my money in and the money grows and compounds every single day going forward. Well, where can I actually find a tool like that where my money can actually truly compound and work every single day going forward, irrespective of what happens in the financial entertainment world. And that tool is called a participating dividend paying holder policy, which is what we're going to dive into today to show you to understand the tool and the understand the process of going about using the tool going forward.
That is awesome. Let's summarize. This is your money. Who does all the work to earn it?
We do.
You do.
Right.
And I'm speaking to all of you on the webinar. That money that you worked hard to earn gets deposited onto the books of someone else's bank. I say that again. Someone else's bank. Now, while that money sits there waiting for you to pay all those bills that we described, you and I both know that the bank is not letting that money sit still. The bank has to keep lending your money to other borrowers and making a really good living doing it. And every time you spend your money, where is it going? It's going to everyone else. Everyone else is getting all that money. So what we're going to dive right into in the lifestyle banking aspect of this is we're going to change that. So we get this guy.
Out of the picture, we get your money and we want that money to go into your family banking system and we want that money to continue growing there every single day, uninterrupted for the rest of your lifetime. And then when you pass away, and that day will come, you will pass away, there will be a sum of tax free windfall money that shows up tax free to your family. And the only loser in that scenario is Revenue Canada or the irs. They don't get any of it. And so how much of that do we want flowing into here? We have to tell you this doesn't happen overnight, right? This is incremental. It's meant to happen gradually over a period of time. And gradually over a period of time you'll be recapturing more of your lifestyle and getting that money flowing back to you versus flowing away. Isn't that good? Let's get, let's, let's dive right in.
Sounds good. So I'm going to share my screen and I'm going to introduce you to Jim and Jill. Jim and Jill, they're age 45, age 44, they have a young daughter, their family income is $180,000 gross between husband and wife. And again once they came through a session like this and they read Nelson's book, clearly they reckon with the cost of loss opportunity and that's the first thing that they want to solve. They want to create their banking system to finance their lifestyle going forward. So the money is always coming to their system is always working and compounding no matter what happens. And in addition to that, because they want to recapture all the money, they don't want to send that money away. They want to benefit from maximizing what they can get at passive income time. And obviously they want to have some protection for the family in case something was to happen to either one of them today. Premature debt because no one has a lease on life. We all have our best before dates, we just don't know what those dates are. Jason, one of the analogy that used to use was financial planning is very easy when we know what our graduation date is and then we can just work backwards and solve the whole problem. But we don't know what a graduation date is. We don't know what Our best before date is. So it's uncertain. That's where protection is important.
Yeah.
All right, so here's what they did. Now, they started a participating, different paying whole life policy. So I'm going to do some basic math. So GROSS Income is $180,000 between the two of them. So let's assume 30% goes towards taxes. So 70% of that is $126,000. Let's, let's assume for rough calculation, the net income is $120,000. Now, out of that net income, they're already setting some money aside for future for saving purposes, which is that $35,000 that you see on the screen. So if you set aside $35,000, that leaves us with about $85,000. And out of that $85,000, they're buying the things that they need. The food, the clothes, the payments, the subscriptions, the Netflix, the Amazons, whatever you can think of, whatever you are doing today presently to buy things for your family, they're also doing the exact same thing. They're no different.
And what number is bigger?
$85,000.
And so while the rest of the world's focused on, you know, the mainstream financial advice that's out there, hey, you got to take a portion of your income and set it aside in someone else's bank, hand control of that money over to someone else to invest it for you because they think you believe they can do a better job with it than you can. Which number is bigger? Nobody's talking about the 85,000 to say, how do we change the flow and get that lifestyle, that money that you need, how do we get that into your aquarium? And then let's use the life insurance company's money to take care of these things so that all of your money is still growing in your aquarium every single day uninterrupted. It just keeps growing every single day. Inside of your family banking system, crypto.
Goes up, your pool of capital goes up, Crypto goes down, your pool of capital goes up, Stock market goes up, your pool of capital goes up, stock market goes down, your pool of capital goes up. I think they get the picture, Jason. Your warehouse of capital in participating whole life policy keeps going up every single day because of contractual guarantees. This is what is the money that they're using for financing the lifestyle financing, meaning because someone is getting that money, they're transferring that money away for the family forever. It's not working for them. They're making a decision of not to own any interest. What's interestingly Is this money is going to someone else's bank. And the money that they were originally saving was also in someone else's bank. So bank had control on the whole income that they were making. So when Jason, when you mentioned how much income do you earn?
We earn 180,000 in the household. No, you don't.
So they started with a policy of $35,000 because that is what they already were doing. They're not changing the cash flow, they're not working any harder. They're just changing where the money is going to sit. That's all they're doing. They're changing the address of that money. They're putting it into their system. Now they're going to put 35,000 for five years. And after five years, they actually plan to reduce the premium down to just the minimum required premium that the insurance companies need. And for them it's $9,130. So they can put up to 35,000, but the minimum required is only $9,130. So you can see this big flexibility is built into the policy. And the only entity, individual person who can force them to reduce the premium is them. It's the policy owner. Insurance companies cannot force you to reduce your premium and then they're going to offset the policy at age 65. So working with stereotypical retirement age, not saying 65 is retirement, it's just stereotypical. So we're just solving based on age 65. Now here's what transpired for them. So the moment they put 35,000 into policy, for example, they start a policy today, immediately they'll have access to good chunk of capital. Now we've been doing this for many, many, many years. They put 35,000 into policy today. Immediately the access to capital is going to be about 20, $22,000. How do we know that number? Because we've been doing this for many, many years with very close degree of accuracy. We know how much access to capital they'll have right away. So starting day one, they'll have access to capital and then they can borrow against this capital that they have as a loan from the insurance company while their money in the policy will continue growing every single day uninterrupted. So now they get to use someone else's money, in this case INS money to accomplish their goals and to access insurance companies money. There is no qualification. Policy alone, there is no qualification. There's single page document that's required. Your policy number, who you are, how much money do you need and whether do you want to Receive this money called policy loan via check or via electronic transfer. That's all you have to fill. That's all that's required. Easy access to capital by not interrupting the compounding of your money.
I want you to think about something, Sarblo, because everybody on the webinar is thinking about something. When I borrow money, don't I have to pay interest? Okay, If I'm financing my lifestyle, I must be a lunatic. I want to ask you this question. I want you to think about this. Is the bank that you're presently doing business with utilizing their own money? Of course not. A bank cannot be a bank unless it's a deposit taking institution. Where does the bank get deposits from? Our funds, you, me, right, everyone else who banks. And so the question you need to be asking yourself is if I co own the lender? Because when you become a participating policy owner, you become a co owner of the life insurance company, the very same company that's lending you the money. If you co own the lender.
Do.
You want your money flowing through the books of someone else's business? I'm asking, and how much of your money do you want flowing through your business?
All of it.
All of it. And so the bankers got you right where they want you. If your brain is focused on interest rates, interest rates rise, interest rates fall. The process of banking goes on no matter what is happening. And someone and some organization must perform that function as it relates to your needs. And if you can change the flow of where that capital is going, your money.
Then you will automatically be ahead of anyone else in your peer group.
They'll be standing around the water cooler talking about the great low interest rate they got on the car loan or the mortgage or the credit card. And you'll be standing around the water cooler all by yourself talking about how you've got all of your own capital growing in your own aquarium every day. You co own the lender that finances your lifestyle.
And you're getting very wealthy in the process. And that wealth is indestructible and it's shielded from taxation and it is not exposed to market risk. And it is contractually guaranteed to grow every single day without interruption. How much financial energy do you want flowing there?
And if you're going to pay interest, who do you want to pay it to? Someone else's business or yours? Take your pick. The choice is simple. It's a function of logic. If you'd rather pay it to someone else, that's your privilege. That you're certainly welcome to do that. But it's just important to understand the consequence of doing that that you have to reckon with that. There are no exceptions, regardless of the rate and where it's flowing to. The infinite banking concept, the process of becoming your own banker has absolutely nothing to do with addressing interest rates. It's all a matter of where the money's flowing to and who that money's being put to work for. For.
Take control of this function. But you can't do that without the tool that Sarblo just described. You need to have a dividend paying, participating, whole life insurance policy, ideally with a mutual life insurance company, private company, private contract, private dealings. You don't have to look much further than what happened here in Canada when the government woke up one morning and said, hey, I think we're going to press the freeze button on a bunch of bank accounts today. Anybody with me?
If the government's not aware that you own these contracts, you're not on their radar. But if you got money inside of an RSP or the commercial banking system, believe me, you got a problem and so do your beneficiaries. Isn't that good? Yep.
And Jason, our capital in these policies.
Is credit protected if the policy's engineered properly. And that includes corporate owned too, if it's engineered properly. And so that's why you've got to work with a good coach. You've got to work with somebody who's proficient. You're not going to go to the dentist if you've got a heart problem. So make sure that if you've got a money problem that you're dealing with someone who knows how to address it, especially as it relates to the process of becoming your own banker, the infinite banking concept. You've got to work with an authorized infinite banking practitioner who's actually doing what the title implies practitioner. They're actually practicing the process. Anybody can buy a dividend paying, participating, whole life insurance contract. That doesn't mean you're practicing a process. You gotta ask the practitioner. Show me how you're practicing the process. If they start talking to you about internal rates of return and dividend scale, interest rates and policy features, I want you to raise your right hand, look straight at the person you're dealing with, slap yourself in the face and then get up out of the chair and leave and go work with somebody who actually knows what they're doing.
Somebody who can show you their system of policies and someone who can show you how they're using them.
There are no loans here.
We don't rely upon a commercial bank for anything other than the convenience of debit. That is a peaceful, stress free financial life. Just imagine how that would make you feel if you held control of that function. If control wasn't in the hands of a banker or in the hands of the government or in the hands of some temperamental market. How would that make you feel? You got to be working with somebody who knows what they're doing. And I can tell you, if Nelson were still with us, God rest his soul, I think about him and miss him every single day, he would tell you, I've traveled all around the world and worked with people and spread this message and these guys are the best, best at it that I've ever seen because we live it. You would not be dealing with anybody in the ascended financial organization who's not practicing this process in their own lives, including all of our support teammates who are not authorized practitioners. So who do you want to be dealing with? The dentist or the heart surgeon? One of them is likely going to get you through surgery alive and the other one, you'll be pretty frozen. But you won't know the difference anyway because you won't be here anymore.
And I just want to say, to connect with a authorized infinite banking practitioner on a team, all you got to do is text the word schedule to phone number 780-809-4599 and then you connect and talk about how you can create that uninterrupted growth in your wealth going forward, no matter what happens.
Let's look at his policy illustration where we talked about, here's what happens if you just let the insurance company administer this contract for you, you. So there's no implementation of the process at all. We're just looking at a policy.
Just for simplicity, we just showing you a policy on the male non smoker, age 45. And then once we involve a female in the equation, the numbers just get better. I keep telling my wife, I said you're my biggest asset. And she says yes. And I said, you don't know what I know. Why are you my biggest asset? Because your casualties keep going better than mine every single day.
Well, so here's what's interesting when we look at, you know, the anatomy of a policy. The reason why we're showing this is because we want you to see the difference. Okay, so what happens if we just store capital by depositing premium? Okay, because it is a dividend paying, participating whole life insurance contract, there is a premium deposit that's required every single year. And if all we did was deposit the premium, how Would the insurance company itself administer the policy that we own? Okay, what would that look like? So in this particular scenario, the policy owner has the privilege of depositing $35,000 a year, but the policy owner is only required to deposit $8,789 per year. So I say that again. The policy owner has the privilege of depositing $35,000 a year, but the policy owner is only contractually obligated to deposit $8,789. Now who came up with the amount of premium? It was the prospective policy owner. He said, look, I'm already setting aside $35,000 a year. I just want to change where I store it. And then I want to begin practicing the process and I want to begin financing my lifestyle because I recognize that everything I do with money, regardless of whether I borrow or whether I pay cash, I'm always working with borrowed money. I'm making a financing decision. Okay, great. Let's scroll down to the table of values and let's see how well the insurance company does at administering this contract. Now I want to be clear because again, we have so many a variety of experience on the webinar. Existing policy owners, brand new people being exposed to the process. Let me be perfectly clear. This never has been and never will be an investment.
This is a unilateral, binding contract. You become a co owner of the life insurance company. In exchange for your deposit of premium, you are provided with contractual guarantees that the insurance company itself is legally bound to fulfill. You as the participating policy owner are the only party to this contract that's in a position of total and absolute control. Now let's see how the insurance company did at administering this policy. If we look at Sar Blo, the first. Let's just go through to the first 20 years. Let's just tally up how much cumulative premium was deposited in that first 20 year period. Let's work through this. So we've got how much.
So this was simple math. Let's just say it was 9,000 from year six to ten. And let's assume that this is also 9,000. Just for easy math. So that's 9,000 over 15 years, that's $135,000. And then for the first five years it was 35,270. So 35,270 multiplied by five plus $135,000. So that's a total of 311,350 as premium being deposited over a 20 year period.
Okay, so in that 20 year period.
311,000 went into the participating account of the insurance company that you co own. Agreed. And I'm not saying you sarblo. I'm talking about the client.
Right. Yep.
Now, God Forbid, in the first year the life insured dies, so 35,000 was deposited into the policy, the client passes away in year one, the total death benefit paid to the named beneficiaries was $729,682. Do we know when this prospective client is going to die?
Nope.
But do we know that it's an absolute, it's an eventuality?
Absolutely, yes.
Now, the commercial banks create money where no money existed before. With a few.
Strokes on the keyboard, money gets created where no money existed before in the central bank in your commercial banking system, the insurance company itself cannot inflate the money supply. So if that life insured died, and even though the life insured only deposited $35,000 in premium, the insurance company can't say, oh boy, he died early. We have to go and access.
700 plus thousand in the way of a loan from a bank to pay this life insurance death benefit. The system doesn't work that way. The insurance company has to have capital readily available to pay that death benefit from day one. Otherwise the policy could never have been placed to begin with. Now what I want to contrast this with now. There's no banking going on here. This is just a policy owner paying premium. That's all the policy owner is doing. The insurance company is putting that capital to work, multiplying that money. Because this guy's a co owner of the insurance company, he's entitled to participate in the divisible surplus generated that comes in the form of an annual dividend. When a dividend is declared once a year, it cannot be repossessed, it cannot lose value. It can not not be paid. Once it's declared, it's contractually guaranteed to be paid. And in this case, the policy owner's chunking that money right back into the policy to increase the total death benefit. The reason we're doing that is the insurance company guarantees that the total cash value and the total death benefit must be the same by age 100 of the life that is insured. If you scroll all the way down to age 100, let's circle the total cash value and the total death benefit both are the same.
This is cash value, this is death benefit, and this is age 100.
Now if you live past age 100, which the fastest growing segment of our aging population are centennials, then your policy will continue to grow every single day. Uninterrupted, you in that instance are not required. Of course, you're not depositing premium any longer, but your policy is still increasing in value. You're still receiving dividends, the death benefit is still growing, the total cash value is still accumulating. And when death comes, a total death benefit windfall of tax free dollars will be paid. Now this is the insurance company administering it all on their own. Let's contrast that with the client recapturing and practicing the process and financing their lifestyle by utilizing the life insurance company's money, not their money. You may have read certain things on the Internet about, hey, you get to save your money and use it at the same time. That's not accurate. You're saving your money inside your own money pool, but you're not using your own money, you're using the life insurance company's money. Your money is continuing to grow every day uninterrupted inside of the policy. So Sarbal, lead us through what happens when the policy owner starts to implement the process. Let's see how much better the policy owner does just by shopping at home.
So again, let's compare. So this was the original plan that they had in place. So you can see after year five they had, they chose to reduce the premium. It's the privilege. They chose to reduce the premium by the time, you know, starting year one, all the way TLH100, all that capital is their money. They have full access to that money. If they want to access this money, the best way to access that money is via method called a policy loan. What they can do is now I'm going to pick year five, for example. Let's just say they have $178,000 in cash value and now they need access to maybe $150,000 to go buy cars, send kids to education, to school, to colleges, maybe do a combination of many things, do a family vacation, maybe do some investments. So, so basically they have full access to that money for the things that they need or that year to finance their lifestyle. And they can borrow 90% of the cash value at any time via loan from the insurance company. And what insurance company will do is they'll use your cash as collateral. So for the amount that you borrowed, let's assume is $150,000, 150,000 of your cash will be used as collateral and they'll put a lien. So insurance company will put a lien on your death benefit for the amount that you borrow, but all your money in the policy will continue to grow. Every single day, uninterrupted, as if nothing happened. It's just that you cannot re access that 150k that you had taken as a loan until you start paying back the loan. But all the money is inside the policy, growing every single day. So let's assume that starting year five in this for example, sakes, they can start using money starting day one. But for this particular example, let's assume that they've taken the loan at year five and now they're paying back the loan back to the insurance company for the use of money. Because they're practicing banking, they're not practicing leverage. Banking is a process, it's not leverage. They're taking money as a loan and then now they're going to pay back the loan. Now if all they do is pay back the loans that the interest insurance company calls for, all they're doing is paying back the loan. But what if they go beyond then that? What if they have immersed themselves in the process of becoming a banker and they understand that the process has nothing to do with rate. It's all about adding more motion, more momentum, more energy to our system. What if they start paying back at higher interest rate than what the insurance company calls for? So let's look at the difference between insurance company doing this for them and then they making a change and actually paying back loans at a higher rate. What the insurance company is calling for. All right, so again, let's go back just to get a quick comparison. So you can see, after year five, starting year six, they reduced their premium. Now they're actually practicing banking. So in this same policy, everything is the same. The only thing that's different about this is they're truly practicing the process of banking. They're financing things. Now. See, when you borrow money and then when you start paying back loans, the money that you're paying back as loans has to go somewhere. It can either go back as a loan repayment and if you pay back more than what the insurance company is calling for, that extra money can actually go as premium into the policy going forward. So if they're charging 7%, interesting. Like, you know what, I'm going to start paying back 12% interest and I'm going to start paying back 15% interest on my policy loans. That spread between 6 and 15%. That money has to go somewhere. If your policy loans are paid up in full, that extra spread can actually go into policy as premium, provided the policy can accommodate that premium for them. So you can see if they actually change their behavior and find value and paying back more than what the insurance company calls for. And let's assume now, now they're actually paying back $10,000 in interest every year into the policy. And that extra 10,000 is not going in as premium. Remember, their premium before was 9,000 per year after year five. And now they're practicing banking and they're taking policy loans and they're paying back 10,000 per year as interest into the policy. And that 10,000 can be accommodated into the same policy that they have and see the impact of that on the values going forward.
So if all they did was continue paying back 10,000 every year extra as interest, and that's going in as premium. So let's tally now, let's do tally on the way that they're banking and the way that insurance company would have operated for them if all they did was left with insurance company to manage the policy. And they never banked with the policy. So total premium now that's deposited into this policy starting from year one all the way down to year 20. Let's do some math. So 20,000.
I'm just going to round this off to 20,000. This 19,658, it's going to be 20,000. So 20,000 multiplied by 15, that's $300,000.
And then for the first five years is 35,270.
Multiplied by five, that's 176,000.
So approximately for this policy now.
They'Ve paid in $476,000. The total premium in.
Until age 65 is $476,000.
And this is the cash value at 865, so 476,000.
To get $742,000. And the extra money that has gone into this policy is $10,000 every year for 15 years. That's $150,000 extra than before.
So the original policy, which was just them doing what they wanted to do and not bank and not do anything else, just leave it with the insurance company, it was $35,000 for the first five years and then 9,130 after that, for the remaining approximately 15 years, the total premium that they would have put into this policy would have been 470,000, minus 350,000.
That's 320,000. So in this original policy, which is what the original plan was, their premium is 320.
And the cash value is 520.
And just because they started banking and they realized there's value in adding more capital to their system of financing, they end up paying 470.
But the cash value is 742,000. So $150,000 extra to gain about.
$220,000 more at passive income time.
And that money would have ended up being transferred away from the family. All that financial energy would have ended up being transferred away and the lost opportunity cost would have been permanent for his generation and every generation that came after him. So it's a constant multiplier. You can never use that money again. But now the money's going back into his aquarium and it's never leaving his control, ever. Can he finance his entire lifestyle by using the policy?
Absolutely.
Much more than that all day long and way more than that. When the kids come along, he can finance automobiles for the kids. He can help the kids start policies. He can then utilize the kids policies when he's in retirement and then use his death benefit to backfill the kids policies when he's gone. So the kids carry on this process. Hence the term family banking system. He didn't change his cash flow, he just changed the process of who was getting the money. That's just one policy.
And we cannot forget the fact that there's also death benefit that's going to come walking in when the family needs the most. So $150,000 of extra energy by paying back more as interest, which went in as premium, because money had to go somewhere back into the policy, it created $220,000 more from, let's just say living benefit standpoint at age 65 for passive income. But if you look at his death benefit, $1,035,000 was the original number. And by him changing the behavior, the death benefit is $1,400,000.
And let's go all the way to age 120.
At age 100, the difference, the outcome is so $2.8 million versus $1,900,000, a difference of $1 million, almost $900,000.
And so let me ask you this question. When he passes away, not a matter of if, but when is his family going to get back every dollar of premium that he's ever paid into the policy, plus more.
Income tax free?
Oh, yeah, well, and so we asked the question earlier. How much money is flowing through your hands? Every single paycheck, every single transaction. And if you added that all up cumulatively for your lifetime when you die, is your family going to be reimbursed everything you ever paid into someone else's system? Is your commercial bank calling you and saying, hey, we recognize, we looked at all your transactions here it's about $3.5 million over the course of your lifetime. Appreciate your banking business, and we understand there was a death in the family, and we're very sorry and we want to offer our condolences. And we're sending you a check right now for every penny that you've ever flowed through the books of this bank. You think that would ever happen? Not a chance. Nelson Nash wrote this book for all of you on the webinar, all of you, and all of you that'll be watching this on the YouTubes and the Facebooks and the tweeters and the Instagram and all those other social media platforms. He wrote this book for you. He didn't write it for Sarblo. He didn't write it for me. And what he wants to emphasize is that this is all about becoming your own banker. Your own banker. So when you're working with us at Ascendant, we provide you with all the tools necessary to do this. We coach you on how to do this. And you know who pays us to do that? The very company that you become a co owner of, the insurance company pays us to coach you. Isn't that good? We've got our client portal. Pull up the client portal. Let's do. Let's show the client portal. This you're going to be blown away by. This is a resource that you get access to 24. 7. And you know what we're going to be doing. If you're not a policy owner with Ascendant, don't worry. We're going to be opening up a subscription service real soon just for you. And you get to access this portal of resources as well. Now, this is a portal that you can access 247365. And let's go to quarterly client coaching. Let's just pull one up from just a recent one. Oh, There we go. February 5th. So once every three months, we bring our clients together and we do quarterly coaching, and we record it and then we archive it in the portal. So the things that you're learning and that you're wanting to go back and refresh your memory on and. And simulate all of that is right there in the portal for your access 24. 7, 365 so you're not dependent upon our hours of business to get access to what you want, isn't that good? And what we're innovating in here and what we're doing in here, this is just the beginning. This is just version one. Wait until you see version two.
And like I said, if you're not a participating policy owner, a client of Ascendant, yet you're going to have the opportunity to gain access to this portal that's coming. And we're going to keep innovating and keep creating more value. And guess who we ask for ideas on what we should be creating and building. The answer is you, the policy owner. We want to know what exactly it is you truly value. And we want to gain the best intellectual shortcuts to the things you want us to create for you. There's a reason this portal exists and everything that's in it, because our clients told us these are the things we want you to create for us. And we're responsive to that. And when you work with us at Ascendant, you get our whole team. We have three chartered accountants, a trusted estate planner, certified financial planner, several authorized infinite banking practitioners, a support team, a client success team, a group of people that are all responsible and accountable only to to you. Thanks for doing a quick drive through the the portal, Sorbo. That was awesome.
Always, Jason. My pleasure. I'll also add that you know all frequently asked questions regarding how do I request a policy loan? How do I repay policy loan? How get a history policy loan, it's at fingertips to our clients available 24 7. They don't wait for us to request a policy loan. They make a request and they just let us know, hey, I initiated my first policy loan. By the way, I'm going to be ready for my next meeting because here's the strategy that I want to discuss with you going forward for the use of that money.
Absolutely. And if you're feeling excited right now, if you're feeling that sense of, okay, this is something. Wow, this is amazing. And I'm either brand new and I want to begin to discover how to implement this in my own life, or I've got a policy or a few policies. I want to continue to expand my program and expand my use of the program. If you don't take action.
The enthusiasm and excitement is going to dry up. And the way to take action is ridiculously simple. You can text the word schedule to 780-809-4599. Again, that's 780-809-4599. And schedule a time you'll be connected with the right person on my team. You'll have a great discovery conversation. It's all included. And even for all of you who are tuning into this after the live presentation on April 7, 2022, this applies to you too. You can text that number, you can text the word schedule to that number right now. There's no expiration on it.
Take action. Knowledge is meaningless. A great idea is meaningless without action. I got to make sure I put all this money away before.
All right, I'm going to just quickly.
I got to get that into my policy.
Yes, yes. By the way, that money came from a policy loan that Jason just showed.
That's the truth. Because I hate cash and this is just worthless. Do you know if I stuck this in a commercial bank right now it would take just shy of 90 years to double it.
Hey, wow, talk about moving quick. But if I get this back into the participating account of the insurance company that I co own.
They'Re going to take that money and they're going to get it multiplying right away for my benefit and for everyone else who co owns the insurance company. And then when I need to take care of my lifestyle, I'm using the life insurance company's money. I co own the lender. All of my cash is growing in my aquarium uninterrupted while I'm financing my lifestyle. That is a peaceful, stress free way of life. Especially when the financing is unstructured. It's unstructured. There's no repayment schedule to my loans, but I promise you I'm repaying them and I'm repaying them with interest that my company that I co own calls for and extra money, which is not really interest, it goes in as premium. Because the only thing that's growing my system of policies and all the accompanying value is premium. The interest that the insurance company called for on the loan is profit. And as a co owner of the lender, I participate in the divisible profit generated by the company that I co own. So how much financial energy do I want flowing to that company? As much as I can. You can do this too. It's easy once you know how. But you need a good coach. So join us and let us help you be successful in implementing this process in your family and in your business. This is all we do. This is what we specialize in. And we're very good at what we do. We actually practice what we teach. Go figure. Let's tackle some questions. Let's have a little fun. Let's tackle a few questions before we give everybody the rest of their evening back.
Happy to do that, Jason. But I just wanted to quickly point out or giving a shout out especially to our man Henry for all that free CPA advice that everybody's getting. They're getting A ton of value from Henry. So God bless you, man.
And just you wait and see the programs that Henry's putting together and all the massive value that we're bringing to the marketplace as teammates. Oh my God. Like if you think Henry's good now, you give that boy some time.
Well, that's how it works. It expands over time. Right?
That's good.
Yeah. So you know what, as per usual, you know, our team's doing a great job of answering questions. There's a, there's a bunch of them that have been answered. But I'm two weeks into my first policy and I feel guilty in saving this for my next premium deposit in the bank. But not really any other option.
There's another option. Call the insurance company. Now. If you're working with one of us, then get in touch with your advisor because your advisor will help you get that capital into the insurance company that you co own. If you're not working with us, pick up the phone, call your insurance company and say I've got money sitting on the books of someone else's bank and I'd like to know if I can deposit it with you. And the insurance company is going to say absolutely. How much would you like to deposit with us? Because we love taking deposits.
The insurance companies basically have pretty much all of the normal financial products that a bank has. Right Jay? So if we just want to savings account tfsa, we want to store money at the insurance company again like you said that you co own, where's the best place to save it?
I want to mention this real quick. Leave us a Google review. Everybody knows that onco Google loves to serve up the best option to people who are searching for knowledge. Your review can change someone's life. It could be what tips the scale for a person connecting with us to say I'm ready to go or I'm ready to learn more. So if you would be kind enough to just take a moment, click that link. Leave us a Google review. We're receptive to all forms of feedback. The good, the constructive, whatever feedback you'd love to leave with us about your experience tonight. You'll leave a rating so you can select a five star rating which we love the most. And then you can type in your feedback on what you discovered, hearing and what your experience was with us.
Yeah, this is a fairly straightforward question, Jason, but I think I always say, you know, there's no bad questions, only the one that wasn't asked.
Right? You got it.
So does it help to start with a lump sum to accelerate the process.
Well, if you have a lump sum sitting on the books of someone else's bank, then the answer is yeah, you got to get that lump sum moved over to the insurance company because you're going to become a co owner of that company.
That's great. Jason, let me ask you a question. I'd love to get your thoughts on this because clients ask me that all the time, say hey, or people who are considering the process. Can I put it in monthly, Can I put it in annually? I see. You can put it in monthly, annually or a combination of both. The insurance company is not real fussy about how you want to send capital to them. Right. But I always say to clients, when is capital worth the most?
Right now?
Absolutely. So if we give it all to them right now, we're going to put all of that capital to work and it's going to work harder versus incrementally giving it to them, you know, over the course of the year. Because the dollars in December are not worth as much as they are today, Right?
For sure, absolutely. And you know what? I will say just in addition to that, you know the one thing that so many people don't realize about this, about money. Money is attracted to where it's well taken care of. It's attracted to where it's well looked after. Money loves to hang around where it's well looked after. And if you think about all the financial events that have happened.
Over the past 176 years, I say 176 because that's how long it's been since the first participating dividend paying whole life contract was issued in Canada. In the United States it's more than 200 years. Now if you go back in time and you look at every financial event that has occurred. 33 recessions, the great Depression, the tech bubble bursting, the financial crisis of 08 09, the financial crisis of COVID 19 and so many more life insurance companies have remained the most financially solvent institutions on planet Earth. Go Back to the 0809 crisis. Hundreds of banks failed because they were over levered. Not one life insurance carrier failed. And all the money said, gosh, you know, we're really well looked after here. This is good. We like this. We should keep multiplying because this is a great place. We're well treated here.
I'm serious. Think about a period of time in your life where you experienced financial difficulty and it wasn't due to a circumstance that was outside of your own control. I promise you the money was repelled because it wasn't being well taken care of. Get with somebody who can help you, take great care of your capital. Get connected with the right person on my team. They're all standing by to help you.
That's so good. And speaking of which, Jason, this just kind of popped into my head because, you know, people say, hey, you know what happens if I start this process? And you know, six years from now, the sky falls, I lose my job, this, that and the other.
Well, I hope you have a hard hat on.
Yeah, no doubt it's a cloud. I'm not too concerned.
I always, I just say, you know, like, would you be any worse off by implementing this process if the worst case scenario appeared?
Right.
If the worst thing happened, are you going to be any worse off by implementing the process or are you just going to have more options?
Yeah, look, I mean, anything that you do financially is compared to what everyone else is doing financially. If you just think about this for a second, the commercial banks purchase more dividend paying, participating whole life insurance contracts than any other institution on the planet. It's called Boli bank owned life insurance. Now, the banks cannot use these policies the way that you and I can. They have them as a Tier 1 asset to maintain their charter as a bank. Very interesting. Hey, you're required to have this on the books in order to maintain your charter. And they're buying these contracts by the truckload.
So those commercial banks are either really stupid and creating a lot of wealth or they know something that all of us don't. Which one do you think it is? Go to your commercial bank tomorrow.
And walked up to the teller and say, can you do me a favor? I'm just curious because this guy was on this webinar last night and he seemed like a nice guy and he was pretty funny and gave me a lot of good knowledge.
And.
He just asked me to ask you, can you print out and list all of the mutual funds that you invest in as a bank.
Versus asking.
Can you do me a favor and just help me understand how much bank owned life insurance you have as a tier one asset on your balance sheet? The teller won't be able to help you with that either. These banks are purchasing it by the truckload. And so if you want to create more financial abundance in your life, you have options. You can do what the majority do financially, or you can do what the minority are doing. And that just happens to be the group that's accumulating and controlling all the wealth. Take your pick.
Yeah, that's really good.
That's the beauty of it. You have a choice.
Really good.
All right, let's take a few more questions.
Sure. Now, Sarvalo, I mean, either Jason or Sarbala can jump in. This might be a question to get together with a coach and chat more about for a specific sort of solution here, but how to take advantage of a clear title real estate.
So.
So a property with no mortgage.
I mean, take control of that equity. You hear about real estate. You hear about location, location, location. Think about location of the equity. Location of the equity. Location of the equity. The house is free and clear. You got clear title to the house, but the bank got all your money. And do you think they're letting it sit still? They're not doing what I'm doing. This money's sitting still. The bank is not letting that equity sit still. And so the bank has the highest margin of safety. You've got the clear title. The bank's got all the margin of safety. Take control of that equity and get it working inside of an entity that you own and that you control. I'm not giving you that specific financial advice. Let me just be clear about that. I am just expressing to you what I would do personally if I had a property where I had the title to that property free and clear. I would not let the bank continue to maintain control over the use and liquidity of that equity. Because you know how much the equity is earning me on that property. Zip, zook. But I can tell you the equity is earning the stockholders of the bank a lot of money. And so I want those dividends. I want that money. I want that financial energy flowing to my system, not someone else's. The real estate, the whole function of building homes and selling homes was designed for the banks, not for you. Let's figure out a way to get money in motion. Let's figure out a way to keep it in motion. Let's figure out a way. We'll call it real estate. And we'll make the wheels of the real estate business and the banking business turn and we'll capture a lot of other people's money in the process and multiply it for our benefit. The stockholders of the bank. That system was built for them, not for you.
Yeah, absolutely. That's so good.
See, this is what Jason mentioned. As you see, you'll see the unseen before and your brain is going to burst into with some really good ideas. Now, you need to connect, so schedule that call. Let's meet. I'm happy to have discussions. Not just me. My other Colleagues who, they have their clients on the call, they'd be happy to meet and have much more expanded.
Discussion all day long.
This is what we do.
Yeah.
There's a reason why Nelson used that word infinite.
Yeah. It's impossible to define boundaries around infinite. Yeah.
And Jason, I'll go on record here and I know that you, the team, will hold me accountable. Can we see a specific example of how you could use the policy system to take care of day to day expenses? So I'm more than happy to dive on that grenade and I'll post a video here in the coming weeks on YouTube about how I use my system to take care of all our family expenses. How's that sound?
Oh, I would love that. There you go. That sounds like a teammate right there.
Yeah, you bet. I can take that on. Maybe I'll even invite one of my teammates to, to hang out with me while we chat about it.
That sounds great.
I think we could do a session for us to say more about how you would use the equity from the property.
In ibc, you got to move the money from one entity to another. The problem you've got now with clear title is that you've got to go and beg the banker to let you tap into the equity. So let me get this straight. I did all the work to earn all the money. I paid back the loan, so you got all my money. And now I need to beg you again to get access to the money that I gave you. Okay, you can show me the paperwork. Let's get after it.
What do you always say to me, Sarblo, you can't take that equity in heaven with you, so you may as well use it now while you're here.
Yeah. Contact the house to heaven, so might as well find a way to use it today.
Yeah, spend some of the house while you're still alive. My goodness, you think the banker is waiting, hey, we got to wait until this person dead so we can use all the equity in the property. Not a chance. That money's working 24 7. You can take an ax and chop into a few of the walls of your home and look inside there. You're not going to see any money. It isn't there.
So, Jason, one question, which is an important question, and I would like you to answer this because this is going to be recorded and repurposed. People like, well, I think you have to put a lot of money in to actually make it worthwhile to implement the process of becoming a bank.
Isn't it true that presently all of Your income is flowing through the books of someone else's bank right now. Is that not true? Let me share this with you. This all begins with desire, right? Desire to change. And then you have to have a period of introspection. Here's what I mean by that. You are already presently allocating 100% of your financial resources to what you find important. And so this isn't about how much should I get started with. This is all about what have I prioritized and allocated all of my existing financial resources to presently. Do I want to. Do I have the desire to change and take control of this function of banking as it relates to my needs? Yes. Now I have a period of introspection. I recognize that I need to readjust some priorities to free up some money to get started. When you were a young child, or maybe for some of us adults, when you decided that you wanted to learn how to swim, you didn't pull up a lawn chair and sit next to the pool and talk to the lifeguard all day about, how should I get started? Like, what should I do to get started? I'm not sure how to get started. The lifeguard's going to say, get in the pool.
That's how you get started. But you've never swam before, so don't go into the deep end. I want you to wade into the pool gradually now that you get up out of the lawn chair and you go, okay, I can do that because I know I'm not going to fall under. I know I'm not going to, you know, stop breathing. Nothing's going to happen to me. And then someone walks into the water, one of us, and we step up alongside you and we say, here's a boogie board. Need you to hop on here, and we're going to just help you move a little bit deeper into the pool gradually and incrementally. So that's what this is all about, logic and motivation. Is taking control of the banking function in my life logical? Yes. Am I motivated to do that? Yes. So I've got the desire to change, but I don't know where I'm going to get the money to start doing it. You're already allocating all of your money to everything that you believe to be important. Make this important and you'll get started somewhere. That's the key. You don't need to be rich to do this. Gosh, we gotta continue to express this in the marketplace. Everybody. You do not need to be rich to do this. We have clients who deposit as little as a hundred dollars a month into their program when they're starting policies on their kids or their grandkids or their great grandkids, their nieces, their nephews. We have clients that deposit multiple six figures a month. If you're somewhere in between those two numbers, you can do this. The key is you got to have the desire first. Nobody on this team is going to try to back you into a corner, twist your arm, or try to compel you, or convince you to do anything. You have to catch this. And believe me, once you catch it, you'll know exactly what to do.
There's a question in the Q and A. Can this system help me save taxes? I think there was a question, something similar to that. It'll help you certainly recapture your taxes that you're sending away from your business and maybe some personal taxes too. Imagine the value in that.
And if you have to pay tax, the money's got to come from somewhere, right?
It sure does. And then when you die, someday somebody's going to come knocking from Revenue Canada and would you believe they don't accept any substitutes for money. And so if you've got a system of policies in place, you're going to have a bundle of tax free money that's going to show up when it's needed the most. And I'll tell you, after having delivered a number of death claims over the years, having received notification from an existing client that one of their key employees passed away yesterday, 43 years young, brain aneurysm gone, leaves behind a family, three kids, his income died with him yesterday.
And because of the generosity of his employer, his family is never going to have a bad financial day for the rest of their lifetime. And the tax collector is going to get nothing. That's the duty of care that we have. There are a lot of great advantages to this process. While you're still breathing, there are going to be a lot of people grieving you when you're gone. And we show up with a lot of tax free money when that time comes and we have it in a single grieving family, say, gosh, I wish the check was for less.
Thank you, Justin, for some amazing insights and nuggets like always.
Oh, thank you for, thank you for having me here as your teammate tonight. And I just, I love having a jam session. I was saying to Sarblo, you know, I'm getting a little different in my older age. You know, 47 years young and 14 years into my journey with this process and just being able to share it in a way that you know, I could hear my late mentor, R. Nelson Nash, just whispering into my ear, saying, listen, this process is ridiculously simple. It doesn't need to be sensationalized.
And so I hope that everybody got value from this evening and you made the right decision to be here. Thanks, everyone.
