What You Need To Know About IBC—So You Can Take Control Of YOUR Money

Hey, it's Mark Podolski, the land geek with your favorite niche real estate website, www.thelandgeek.com. and before we talk about today's guest, I just figure I should plug away. If you want more passive income in your Life, go to thelandgeek.com, download for free the passive Income blueprint, get the ebook how to avoid 3ft of land, buy mistakes, and of course, get our over a hundred podcasts delivered each week to you in the free membership site. But more than important in my plugs is my co host, Scott Todd from scotttodd.net landmodo.com and most importantly, if you're not automating the Craigslist postings, I have no reason, I have no logical reason why you're not doing that. Go to postingdomination.com Scott Todd.

How are you, Mark? I'm awesome. How are you?

Pulse is normal. Respiration is fine. I'm really excited about today's guest because it's all about one of my favorite words. So these are my three favorite words. It's gonna be automation and cash flow. And today's guest is all about cash flow.

I'm excited, man, because not only is he talking about cash flow, but I think he's a famous rapper too, isn't he?

He might be. So today's guest is the famous South African rapper MC Laubshire from cashflowninja.com MC Loubcher is a wealth strategist, educator and financial freedom fighter. He's the founder and president of Valhalla Wealth Financial and host of the popular business and investing podcast Cash Flow Ninja. His mission is to help as many people as possible eliminate the control banks and financial institutions have over their lives by building their wealth in a variety of ways outside of Wall Street. He believes the best way to achieve this is in the information age, and it's by reclaiming a banking function in your own financial life. We're going to talk a lot about this banking function. MC for through structuring efficient cash flow management system and creating system and creating and building assets provide multiple streams of income. You know what this is like hitting all my spots. I couldn't be more excited about this.

All right.

So MC Lobster, how are you?

Very well, and yourself? Thank you so much for having me on the show, guys.

Yeah, I think the art of passive income listeners are going to be. This is going to be a treat. MC what do you think, Scott?

I think so too. I think, you know, especially if, especially if we can hit on all those topics. Automation Cash flow, all that good stuff. This is a home run.

All right, let's just skip the pleasantries, mc, alright, what the heck happened? When did you wake up and say, you know what? Wall street, not great, right? But there's this thing called a banking function that is great. Can you kind of elaborate on that?

Yeah, I mean, so my background is in real estate management and investment and I actually started my real estate career right out of university and got involved in real estate. Real estate did everything from turning around apartments, property management, leasing, to eventually having my broker's license and being part of an acquisition group. I think through my experience and being an investor myself, it really opened my eyes to the financial system as a whole, the banking industry. And like a lot of people, unfortunately I kept finding out more and more about it during the 2008 crisis. So after that I looked at as many ways possible and obsessively researched many different types of ways to build my wealth outside of the system. Real estate obviously being a fantastic tool, but I always looked at more ways to use the same dollar over and over. And I came across the strategy that's actually been used by many, many individuals for quite some time. Some of the wealthiest families use the strategy. Even the banks and financial institutions actually use the strategy as well. So I think that process of awakening really opened my eyes to what was going on. I knew there was something wrong early on as I started my journey. And 2008 was a big wake up call, I'm sure. Just not for me, but for many of the listeners out there too.

Yeah. I mean, Scott Todd, if you read any Michael Lewis book, right? Or not any book. If you read Liars Poker, you read the Big Short or It was a Flash Traders.

Yeah, right.

I mean he makes, he makes literally argument after argument after argument. Wall street is not in our best interest. And yet it continues to thrive. It continues to flourish. I don't understand it, Right? We all know it's a big casino, it's rigged for like these big investment banking firms.

Scott. And it's kind of scary too because, you know, like I have some unique perspectives working from a Fortune 500 company, Fortune 300 company, and not only in that one, but I've seen other ones where, you know, the companies, they go out and they do everything they can to hit a quarterly number and you know, they don't always make the best decisions for the shareholders because they're trying to juggle many things. That's why when I think of like Amazon, for example, Amazon, they don't really Live by the quarter goal of this is what we have to do this quarter. I think it's better structured, but that's a unicorn because most companies are trying to hit that quarterly number. They're trying to get that spike in the keep the analysts happy, they're trying to get the spike in the stock price. Their bonuses are wrapped around that stock. There's a lot of things that go into that and they're not always to the benefit of the shareholders.

Right, so mc we're sold. So now you've got a solution. So tell us a little bit more in detail about this solution.

Yeah, so what I found was I was looking for a vehicle. Being a cash flow investor that loves investing in assets and businesses, that produces income streams. I looked at vehicles where I can actually warehouse my wealth because I really don't trust the banking system. And just to throw it in there too, if anybody wishes to look more into the Dodd Frank act and what is actually in there about the banks right now, I think you'll understand why I do that because there's a lot of bail in provisions in there. There's actually some provisions in there that the FDIC could recapitalize banks in case of the next meltdown with your deposit.

So.

But do your own research on that. I looked at my own research. I don't feel comfortable warehousing my wealth there. So I looked at, you know, from a modeling standpoint, what do the richest families in the world actually do? Where do they warehouse their wealth? Where. Where do a lot of investors warehouse their wealth? And I found it was actually in mutual insurance companies. And the vehicle that a lot of these families use actually in family offices is dividend paying whole life insurance with mutual insurance companies. Now the first time I read that or heard that, I fell off my chair. But actually looking more into it and looking at some of the reasons why they do that was really an eye opener. So the first thing is, this is not, I have to say too, this is dividend paying whole life insurance of the mutual company structured a very, very specific way. So not your average whole life insurance vehicle that's out there. It's actually based on a concept and a strategy called the infinite banking concept that was popularized by Mr. Nelson Nash. And he actually wrote a book, Becoming youg Own Banker, on it. But the reason that these families and individuals and a lot of investors use it is the first thing, it's private. It's a private contract between you and the insurance company. The second thing is it does offer some asset protection which for real estate investors is huge because our society unfortunately is very litigious and it will become increasingly more litigious moving into the future. Then some of the other things too is there's actually a guaranteed portion growth on your money that you put inside these vehicles and it's structured in a way to maximize your cash value and then of course protect insurable interest. But the main focus being on your cash value, there's a guaranteed interest that this grows every single year. Then there's also the opportunity participate in dividends from these companies. Now mutual insurance companies, some of them have been around since the mid-1800s and most of them are extremely profitable, very well capitalized, because unlike stock companies, they're not listed on the stock in the stock market and they actually manage their company and affairs with an extremely long range vision for the profitability of the shareholders, which you're one if you have a policy with them. So these guys then when they are profitable, pay dividends to their shareholders, which is huge. And most of these companies have paid dividends through the Great Depression, through market crashes, economic recessions, depressions, et cetera. The other thing is the growth inside these vehicles is tax free and the distribution through techniques and strategies is also tax free. So it's a vehicle that offers the growth and the distribution. Now here's why dovetails really well with being a cash flow investor and which really was interesting for me is when you borrow money, and that's how you access money from these companies, is you do it through policy loans. But when you borrow money from a mutual insurance company as a shareholder, it's not borrowed from your cash value, it is borrowed from the general account, from the mutual insurance company as a separate transaction, which is quite huge because now you've built up your cash value. On the one side, your money is growing at a predictable rate, tax free, having the opportunity to participate in dividends. And on the other side, you actually get to leverage this, your cash value that's in there and utilize that to invest in real estate businesses, family emergencies, etc. So your money is working in two different areas at the same time. So real estate investors love being liquid or having access to capital. Building up cash value in vehicles such as these and then allowing it to leverage it and create more income streams for you is something that sold me. And one of the questions that I had when I looked at this, I said, wait a second, I mean my personal philosophy is everybody around the table has to win. I'm extremely skeptic because I know kind of what goes on on Wall Street. So I looked at this and it was very, very obvious for me that the life insurance company, the mutual insurance company had their best interest and your interest in the same alignment. Because the loans that they allow you to go and leverage your wealth and create more wealth is secured by your cash value, number one, but also your death benefit. So these companies are extremely well run. That's why Warren Buffett actually calls them some of the best businesses on the planet and why he invests in a lot of them. So very well managed, well run. They're protected on the one side and they also allow you to access your money through your entire wealth building process to go and leverage it and create more wealth for yourself.

I've actually heard of the strategy through Paul Harmon, a shift warrior. I don't know if you've heard of Paul. He's in, he's a big money guy in Austin and now he's got a, like a private equity group. But my question mc is why doesn't everyone do this? Who's this not for?

It's a very, very, I mean one of the reasons, as it ties into your earlier question, I just think that we're bombarded with a lot of information out there since the way that Wall street is set up. I mean most of these, most of the media companies in this country, they're all listed and now Almost, I think it's six that owns over 90% of them. There's another merger on the way. Most of these companies are listed on the stock exchanges. So their interests are aligned between advertising and so forth. So it's not necessarily knowledge and information that's out there. I think once you look at could be for a family that's just starting and building a solid financial foundation because they have ready capital that's liquid. If something should happen to them, they could save for retirement in these. They could save for their children's college. Actually a lot of what I do is planning for college funding and very effective ways of how to pay for that. These, as I mentioned, they're private contracts. They don't actually count as far as college planning with fafsa. So this doesn't count it as an asset for the parents and them. And you can access your money unlike a lot of the other Wall street vehicles at any time because it's your money and you can actually do with it what you would like to do with your own money. Very interesting concept. But yeah, and then as far as investors, amazing benefits. I love real estate. I love this approach to Real estate, having my money and leveraging it and creating more income streams. You can actually use this for business. I funded my business with this. I leveraged the cash value inside of my policy to start my business. I actually, I have more than one policy. I have three of these in my wealth plan personally. But I actually used one of them to fund my podcast as well. So it's part of my cash flow management system. And I know you love automation and you love systems and processes and that's the way I think the.

I think we lost them. I think we lost mc got frozen there biggest challenge.

Sorry, we lost you there for a second. Keep. Keep going, keep going.

Oh, okay. Is there a specific point that you want me to start that you guys lost me at?

Systems and processes.

Oh, okay. Most people, when I mentioned life insurance, they don't think in systems and processes and automation. They think of it as life insurance. And I could say the same thing. I say, guys, there's real estate, there's businesses, there's commodities like gold, silver, oil. There's digital assets. Yeah, there's paper assets. These are all just vehicles. Can somebody buy a property and go broke? Absolutely. It's all about the strategy of how you invest in that property or that piece of real estate. And the same is for utilizing a vehicle that has an insurance component to it.

Scott, Todd, what are your thoughts?

So like, okay, how much does it cost me to get going? Like I'm gonna do this. I clearly, I gotta have some cash value into a retirement or a life insurance account before I can start going, pulling money out. So, you know, like, how much do I really need to. To get going with a program like this?

Very good question. So what we do and what I love about this is you can get really creative with it just so that you can with real estate and how I plan with helping investors implement this is we look at your goals. What's the timeline for a property that you want to purchase? This is relative for everyone. I mean, some guys want to go and buy a property right now. Some guys want to buy a property in two or three years. Some guys, I'm actually working with someone that he has a huge student loan debt. But we figured out a way as he's saving to eventually wipe off his student loan debt that he can build up some cash value in this to leverage to grow his own business and invest in real estate. I can give you an example of someone that I've helped set the up with. And I, and I know your question is too, what's the minimum. Some of these plans can be set up for around $300 per month, which is 3,600 a year. So it's a strategy and a vehicle that's there that you can use and implement in your own life on a smaller scale. As I mentioned, some wealthy families do this. The Rockefellers have similar strategies in their family office. But you don't have to be a Rockefeller to implement this. But the example that I'll use is there was someone that wanted to purchase a property in about three years. So we figured out a plan, obviously took holistic look at his financial picture. This is not cookie cutter Wall street stuff that I'm going to ask you what your risk tolerance is and then sell your mutual funds. We look at it and we tailor it to you. We, we put it together. So I think I'm just going to use round numbers. But let's say, for example, the property that he wanted to purchase at the time was about $100,000 and he wanted to buy this cash, but he also needed some money to fix this up and hold until he has a renter in there to generate income streams. So what we were able to do is fund the policy. You could take the money outside of the policy and purchase the property cash and then use $20,000. So there was 120 in there, used $20,000 to do aesthetic fixing up maybe small things here and there and then actually hold it for 45 days, I think was it till the renter was in and then you start paying back the policy with your extra cash flow. These loans are very, very flexible because again, they're covered, you know, your death benefit is there, which they're going to draw the money from and your cash value, so they're hedged. You set the payback terms. I've used one of these policies for my personal real estate reserve account. So I bought the property before I, before I set up that policy. What I did was I set up the policy every month. My cash flow flows in there. It builds up the reserves and as you guys know with real estate, when it rains, it pours, right? So in one year, this property was doing really well for me. Up until that time. Things started to break down and I had to, I had to just do some updates on it anyway for my renters so I could access the funds, do the upgrades. I threw in a washer and a dryer in there as well, did some electrical work, and from the added cash flow from the fixing up and, and the upgrades, I could charge more rent. So I'd more obviously more money coming in and then I just paid back the policy.

Okay, so, okay, so let's say I wanted, let's say I wanted to do this and I wanted to go simple, like I want to buy a car, $30,000 car, right. And I want to, I want to be my own banker. So what I would do is I would go and I would, I would come to someone like you, open up this account. I would take, let's say $30,000, put it into this account, I could withdraw within a short period of time that I could go and begin buying a car. I could buy a car and pay myself as if I was the bank. Fair. Yes.

There's a little bit of cloudiness on that because I've seen people write certain things on the Internet about it. The first thing is you're reclaiming the banking function in your own financial life. And I just want to say, add that because a lot of people think I'm going to start my own bank and that's not the case.

Yeah. Okay.

You're utilizing this vehicle. And the other thing is the policy loan, for instance, in your example for the car, the $30,000, that's from the general account from the insurance company. So it's not as if you borrow the money from yourself and pay yourself back. You, Right, you pay the insurance company back. But because you're a shareholder in the, in the mutual insurance company, you do directly participate in the profitability, which a lot of these policy loans are very profitable for them. That's why they have them. So you do get to participate indirectly in those, in basically the money and the interest that you're paying. Does that make sense?

Right. So is it, is it a one for one, you know, ratio, or is it 80, 20 ratio? So that if I put in $30,000, can I borrow 30 or is it 30. I put in 30, but I can borrow 25.

So it is a. And I'll just say this. There's a lot of different companies. I've, I'm working with three different vendors just with my three loans and in my plans they're all different. But I will say this. If you, most of them have you borrow up until almost the cash value of it. So if you funded, obviously there's a life insurance portion of it, but say hypothetically, there's $30,000 in there, most of them, and I say most and again, it's all relative. Will get, have you borrow up to, up until right about that 30 threshold up there.

Okay, so I see so like I have a whole life policy with a company, it's not a huge one. So if anybody's listening, you're not going to get anything. But like, I think the policy is like in this example I think it's like 20 and I think that the cash value is like 6. And I think this is a mutual company like you're talking about because the way it's worded and everything. So if that's the case, and I could not borrow from the whole 20, which is the life insurance component, but I can go borrow the cash value of it almost dollar for dollar that I can do deals with and then I'm paying that back. But that cash value doesn't get touched per se because I'm borrowing from the general fund of the insurance company. I'm paying back the insurance company the interest. But because I'm an owner, you know, because it's mutual, then I share in the profitability that does come back into my life insurance account. Thus growing the cash value.

That's correct. And it sounds by, yeah, just by listening to it, it could be just basically a traditional whole life policy. So what we do, and not to get too into too much technical detail, but we add riders to these contracts that really accelerate the cash growth. I will however, say this, this is not a get rich quick scheme for anybody listening that's out there. It is, however, a very disciplined way to save and warehouse your wealth in a well capitalized institution that you can leverage and have it work as many times possible for you. So I'd like to capture my wealth. I use the term it's a wealth capture strategy because I'm capturing.

I think we lost MC again.

Huh? All right, so it's a wealth capture strategy. I'd be curious about the friction on this.

Yeah, yeah.

All right. Mc, we lost you again.

Sorry about that, guys.

That's okay. Well, you know, Scott and I are wondering about the friction of all this. Let's say that, you know, I've got a deal locked up. How quickly can I get my money? How quickly can I move on this? MC's locked up again.

Yeah, you know, I think that's, that's the thing too is like, you know, when you look at some of the other stuff that's out there, Mark, it's, I mean it's speed, right? You know, the fact that I can get, get it overnight, I can get that check overnight or I can get it tomorrow or I can get it right now if I need be. I mean that's really the that's really the, the difficult piece there. What I like about this is that once you get that thing set up and once you have the cash value growing to where you can do deals like this, I think what's fantastic is that it doesn't matter if I take control over the money and then pay it back from the cash flows. Right. Because as an example, if we look at like a self directed ira, I can't touch that money at all. Like my buyer can't give me a down payment, they can't make their monthly payment. To me, it all has to go through my self directed IRA or my qrp. It's hands off. Right. Like I can't touch it at all. So, you know, the fact that I can take something like this program and you know, take possession of the cash, refund it, pay back my own loan, there is something there that should be there. But like you said, if the friction is there or if it's a long term process to get going, then it's not going to work.

Yeah, I mean it won't work necessarily for our niche. Niche or our model. But I could see the benefits of say, bigger deals and you know, and you can't argue with the tax free benefits.

Oh yeah, that's, that's like phenomenal, right?

It's amazing. It's amazing.

It is amazing, Mark. Like when you look at whether it's the QRP or this, how many vehicles are out there that make deals, you know, tax free. Tax free. It's amazing how many ways that you can like grow stuff tax free. It's amazing that, I mean, that kind of explains why some, some people haven't paid taxes in years.

Yeah, I know, I know.

I mean, not me, of course.

Yeah, of course not you. No. If you're listening, irs, I'm the biggest.

I'm the biggest sucker there is, man.

You know, it's interesting that this stuff, the qrp, the infinite banking model that, you know, it is not in conventional wisdom. You're not going to go on Yahoo. Finance and see an article on this. You're not going to go on cnn, right? Mainstream media. You won't see this in like the Motley fool, right? It is not in their interest to talk about this stuff because nobody benefits from it. Yeah, it's really, it's really kind of weird in that, you know, I don't know, it's a marketing issue.

Yeah. No, it's funny though is I've noticed lately and maybe he's been doing it for a long time, but you know, Grant Cardone, he's been ranting about, you know, like the fact that 401ks and buying a house, all of that stuff is ridiculous. It's middle class lies. There is no middle class. I mean, he's been going on rants now for, I don't know, all of 2016, maybe even before that. And it's funny because as you look at some of the stuff he's saying, he's like, don't invest in the 401k, don't invest. And to a degree, I think that when you get outside of that, I mean when I worked in a corporate shop, and that's really all that you were given access to is this 401k. It's not the best deal. You know, the best deal is when, and this is covered like in rich dad, poor dad is when you get to the other side of the quadrant where you're the business owner or the investor man. That's where the better tax deals are. You're taxed differently. You're taxed on your profit, not necessarily on your income. I think you get access to vehicles like the QRP or this that really allow you to break out of that middle class or to break out of that whole thing.

Yeah. When you look at real wealth in this country, it always comes down to business owners. Right. And I think it's, you know, it's real estate investors, business owners, money managers and high paid, you know, let's say professionals like your plastic surgeons, high paid doctors and your high paid lawyers. Everyone else is kind of out there. Right there.

Right?

Yeah, they're just, they're, they're, they're doing the conventional thing, which is working really hard at a job, paying taxes, but they get left over. They're trying to save.

Yeah.

Putting it in somewhere and they're just spinning that roulette wheel, hoping that Tesla goes up, that mutual fund goes up, that 401k goes up. It is not a way, not a savvy way to get wealthy. You can get lucky. You're not going to get, it's not a conscientious plan.

I'll tell you when I see a stock, and you and I were talking about this a few weeks ago, like when I see a Stock that's dropped 30% in a month, literally, and I showed you the example, 30% in a month. And there's been no change in the fundamentals of that company that have been released to the public. And what I mean is that there's been no announcements from the company.

That.

They'Re going to miss earnings. There's nothing. But yet that stock has gone down 30% in value. I don't know how an individual investor like myself or anybody else can ride that storm. I mean, you've got hedge funds and you've got these large institutions that are able to literally sink a stock just by exiting it and selling. And it could just be that they're done with their cycle on it, they've had the growth that they wanted or lack of growth. They need to free up their money for this year and then they clear out. And I mean, there's the companies that, I mean you and I, we don't like to lose money. But, but you start to get into some of these larger hedge funds and you start to get into some of these larger mutual funds. This is the time of the year that they start dumping those stocks because they'll dump them and they'll take the tax loss against those stocks that perform very well for them. I don't know how you and I as individual investors manage through that.

Yeah, MC's probably going to jump on here. I forgot that I locked this meeting. Um, you know, and this is the main reason why as an investor, for me, if I want to be totally passive, this is why I'm buying notes. Right. Because it's the asset I understand the most. Right. You make 12%, I don't have to do anything and I can do it on my QRP and I'm buying your notes and I'm making 12% tax free. There's nothing better for me. Yeah. Literally.

And like before this call, we were talking about this, this note. That's a beautiful note. You know, it's gonna perform very well for someone.

No, it's a thousand dollars. We got $1,000 down. 14amonth.

Yeah, 6. 6. 14amonth. And you know, you go to sell that note and then it's backed up by people that know what they're doing. Ah, it's a beautiful note for somebody to sit back and earn 12%.

Yeah. I mean it's phenomenal if they can do it in a vehicle like a self directed Iraq or a QRP and they get the tax benefits. You know, if you're not 12%, it's, it's more, it's.

Yeah, because there's no tax. What, it's another 30% on top of that. So it's 12 times one point. So we had 15, 15, almost 16%. It's not bad.

Not bad.

I'll take it.

Yeah, for sure. All right, well we're at that point in the podcast. Scott. Todd.

I've got it. I've got a good tip of the week.

Of the week.

Yeah, yeah, I got it.

This one.

I think that anybody who's in our audience that's like trying to like come up with ways that they can teach a va how to do something. I mean you use mind maps all the time, Mark. I mean that's kind of your go to model and you know, like I know you have software on your machine. I've got some software, but what about a free solution? I mean free, right? Check out Bubbl us bubbles.

Oh, I've seen this.

Us brainstorming made easy.

Yeah. Us bubble. I love this. I love this company. Yeah, I'm using my node on the Mac. This is better because this is web based.

Web based so you can, you can share it. I mean obviously like anything there's different, different levels of, of access. You know, they've got like a team level or whatever. But as, as we start to do more things with like group learning, you know, like that we're doing now, right, Things like this that can be web based and can be shared and viewed amongst people even in real time think is pretty cool.

You know what I'm signing up right now. You've got my money.

Maybe I need to get a commission for all these deals that I refer you to.

You definitely should. All right. But I'm gonna give you one, you know, even us out.

Okay.

So Bu b b l us. It's a great tip. It really is. Alright, so my tip of the week. I'm gonna give you two tips. Okay, my tip, I got three tips. First tip is, let's say for example, we're closing a deal. It's 5,000 or less, right? So we don't want to go through title. You go to the seller, seller says I'm not gonna deed you the robbery until you know, until you pay me. You're like I'm not paying you until that deeds recorded. So now we got an issue. Right now we can do, we can do mobile notary which is great but I'd rather use this company called Safe funds dot com. Safe funds dot com. Have the seller pay for the fees and have them help that seller sleep better at night. Closing that deal with you if you're a newbie, right? Like you and I have a big advantage. You know, we're pretty public. We're not going to risk our reputation on a small deal. But if you just started out, this is a great, a great Solution. Check out Safe funds dot com. So that's my first tip of the week.

All right, that's good. That's good.

All right. My second tip of the Week is an iOS tip. Okay. Okay, so what you can do is you can go into Settings. Okay. Go into Settings and go to General. Okay. Then go to Accessibility. And Accessibility, you're gonna see Speech. Okay. When you go to speech, you're gonna see a new thing on there called Speak Screen.

Yeah.

Big screen.

And then highlight content. So then you can say, hey, Siri. And then you can change the speaking rate below, too. So you can say, however, faster, slower. So now let's say you're in the car. I text you. Right. Box you. Or would that. Well, actually, Vox wouldn't work because it's audio. But let's say I text you, or let's say that you have this article. You're at a red light, you start reading the article, it goes green, Right? Say, hey, Siri, Speak Screen. And she'll read you what's on that screen.

So I've been using that for a.

While, and what do you think?

I like it. I like it. You know.

You don't love it.

Last night, I was getting out of the car and I accidentally swiped down with my two fingers. I didn't use the. Hey, Siri. And it's like, there's no content on this page. And rambling really fast. Like, stop, stop, stop.

Okay, okay, okay, okay, Siri.

I like that tip, though. That. That is a good tip.

That's a good tip. Sorry, Android users. I'm sure there's some kind of, you know, Android.

Oh, I'm sure that. I'm sure that Apple just copied them.

You know, I'm sure they did. Yeah. The Android. We were gonna, like, email, like. Dave, we've been had this for four years.

Yeah. Nice of you guys to finally catch up. Okay, okay.

Well, you know, look, I like the walled garden. I'm not afraid to admit it.

Hey, did you see the new Macs I have?

Are you getting one? You got one, didn't you?

No, no, no, not right now. Not right now.

I'm gonna get. I'm not gonna get a MacBook Pro. Actually, you and I should discuss it. I don't need the MacBook Pro. I've got the air. I've got the. I like the air. Right. I'm not doing, like, these heavy processing things. I'm not doing video editing. Yeah. So I want to get the new air, but I really want the new imac. I like my Imac. I like it on my. Because then I gotta get a monitor. I don't know, you gotta help me with this thing.

So, like, I have. I have the MacBook Pro, so. Because for a while I had the MacBook Pro and I had an imac. And you know, I would take my MacBook Pro with me and then I would come back and have a little imac on my desk and it was kind of good. But managing, to me, managing multiple machines is kind of like a mess, you know, like, is it on that machine? Is it on the. I know. Dropbox and Google Drive. I know I got it. But I have one machine. It's the MacBook Pro.

Okay.

And then I've got the. I've got the Apple monitor, which they don't sell anymore, that they just discontinued this year. I got the 27 inch Apple monitor, but I would even replicate this and just do the Apple or just do a monitor again and power everything off of my MacBook Pro. So there's one machine. It's all condensed, it's all there together. That's kind of like my go to configuration.

I'm sold. I'm going to do it. You'll help me with it?

Yeah.

Because I am due for a new computer.

Yeah, you are.

You are. All right. All right. So I'll do that. All right. My third tip of the week is learn more about MC Loubcher. Unfortunately, he had to drop off. I know that he wanted to give out a free book, which is kind of cool, for his tip of the week, but I'll contact him and see what's going on with that. But go to cashflowninja.com and learn more about MC, his podcasts and infinite baking. I think it's great. Real quickly, I do want to mention that today's podcast is sponsored by loan geek lonegeek IO Get Paid Automated Set it and forget It. And no note. Setup fees. Collecting money has never been easier. Save time, save money and actually make money. Loangeek IO okay, back to the podcast. Scott.

That's funny. I was listening to a podcast the other day and right in the middle, like some podcasts, they actually plan like ours, we plan when that stuff will be. And this one podcast I was listening to, they literally cut the audio mid sentence. Chink. And put in a commercial. And then they started back up again mid sentence again. It was like, come on, you can get better than that. Better editing. So if you just pick the spot right here.

What?

I forgot what he was saying.

Clearly outsourced to a.

I've been using lonegeek. It's. I love it. You know, like you said, no, no, no note setup fees. Competition out there is doing that. You know, I think that. I think that's a game changer. You're on to Mark, so keep it going.

Oh, is MC on? Mc.

Yes.

He came back. I love it at the right time. Mc, we've been talking about you. Sorry.

Sorry about that, guys.

That's all right.

We were just talking about our tips of the week. I just. I did discuss cash flow, ninja.com and I mentioned that you have really cool tip. So go ahead.

Yeah, no. If anybody's interested to find out and learn more about the strategy I discussed, please email me@infoashflow ninja.com and just. Yeah, put an IBC in the heading, and I will ship you out a physical copy of Mr. Nelson Nash's book, Becoming youg Own Banker.

Can you say that one more time? That was really generous.

MC, where do we email you@infoashflow ninja.com?

I'M doing it right now.

And if there was anything, any questions that you guys had as we discussed this topic, and feel free to reach out to me. I'll respond anytime. My apologies. I had a little bit of an Internet problem here in my office, so we were down for a little bit, but we're good now.

Yeah. Mc, I thought this was a great podcast. Scott, what do you think? I mean, I really love the vehicle. I love the tax advantages. I love the control of it. I'd like to learn a lot more because, you know, what Scott and I are talking about was friction. What's the friction with this as far as doing something fast, Right. From a paperwork standpoint? Yeah.

And I think that's where. Where I lost you guys 24 to 48 hours. Usually you can pick up the phone and call them. That's how liquid it is. I think when I needed money about two months ago, that was 48 hours from the time that I filled out a quick form. And by the time I got the check in my mailbox.

Wow.

Yes.

It's not like taking a loan from a 401k or an IRA. Sometimes I know there's a ton of paperwork and stuff that you have to fill in, but this is very, very liquid. And, yeah, they move pretty quickly.

Hashtag take my money.

Yeah. No, and I think. And that's the message just along with this strategy. You know, what I try to do is I try and find as many strategies out there to leverage my capital and have it work as Many times over. I think Robert Kiyosaki said it's not how much money you make, it's how much money you keep and how hard that money keeps on working for you. So I really try to have the money work and as many times as possible at the same time.

I couldn't agree more. Scott Todd, you want to take the last word on this?

I think it's a great strategy. I think that anything that you can do that will allow you to retain more of your money, as you said, is a fantastic strategy. And I do like the concept of being independent, if you will, independent of the normal banks, Wall street and all the other stuff. I think that's the best way to build long term wealth.

Yeah.

I want to thank all the art of passive income listeners. I want to thank MC Loubsher, cash flow, ninja.com and of course my smarter, better looking co host, Scott Todd. Scott.netdanmodo.com and if you're not automating Craigslist postings, why, I don't know, why not go to postingdomination.com and learn more about me at thelandgeek.com I want to thank you everybody. MC, are we good?

We're fantastic. My apologies for losing you guys for a second, but thank you so much for having me on. I had a blast.

All right, well, we really appreciate it. And look, the only way, the only way we're going to get the quality of guests like an MC Loubsher to come on this podcast is if you do us a little favor. Takes 20 seconds. Subscribe, rate and review the podcast. Because MC does his research, is like, oh, should I even go on this podcast? And then he sees all the reviews. He's like, oh, heck yeah, I'm going on this podcast. This is a good one. So please do that. Subscribe, rate and review the podcast. Should we try to do it, Scott, or no?

Let's do it. Ready?

One, two, three. Let's ring. All right, thanks everybody. Not bad, not bad.