Red Flags: How to Avoid Advisors Who Teach The Wrong Way to Do IBC

When it comes to your money, you need to make sure you’re making the right decisions and getting the right information.This week, the guys take a look at IBC practitioners behaving badly. From leading with an illustration to remixing Nelson’s concept, Dave and Paul take you through an exhaustive list of red flags in this episode. With this list, you’ll be able to sort through the pretenders next time you’re shopping for IBC advice.Tune in to make sure that you’re getting the best information possible - and that you’re practicing IBC the right way.<br>Episode Outline:<br>(0:35) - Episode beginning(1:48) - Listener question, “Why isn’t everyone doing this?”(2:55) - The reason you don’t hear about IBC a lot, it’s “caught not taught”(7:27) - IBC “red flags”(8:49) - First red flag: Leading with an illustration(10:51) - Second red flag: “You can become rich buying cars”(12:03) - Third red flag: If they tell you that IBC is being done wrong, or is “archaic” (16:14) - Fourth red flag: “You have to use one of the big 4”(18:30) - Fifth red flag: “Guaranteed 4% interest”(22:17) - Sixth red flag: “The only way to design a policy for infinite banking is 10% to the base or less and 90% to the PUA”(24:43) - Things to ask an advisor(27:41) - Ask your advisor how many dividend-paying whole life insurance policies they own themselves, practicing what you preach(29:20) - It’s important to have a personal touch with IBC<br><br>MENTIONED IN THE EPISODE:<br>To learn more about 10/90 designs and why it’s not a good fit for IBC: https://www.youtube.com/watch?v=ZIgHjE4qcGk<br>IUL or Universal Life episode:https://www.youtube.com/watch?v=D7GHRfLcVYQ&t=2s<br><br>ABOUT YOUR HOSTS:<br>David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people. Catch up with David and Paul, visit the links below! Website:  https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399 LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/ https://www.linkedin.com/in/paul-fugere-762021b0/ Email: davidandpaul@theibcguys.com<br>