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In this episode, we ask:

• Is it possible to mess up a Bank on Yourself® type whole life insurance policy?
• Is it possible to mess up a microwave?
• Would you like to ask your own questions?
• Would you like to join us on the Not Your Average Financial Community?
• Who is Jim Conrad?
• What about a high level overview?
• What are Jim’s rules to live by if you’re banking on yourself?
• What gets better every year, guaranteed?
• Is there such thing as paying too much premium?
• What about paying as much premium as you can for as long as you can?
• What about the first seven years of a policy?
• Is paying premium a burden?
• What about stopping?
• Do you want to build wealth reliably?
• Should you always use your own capital?
• Why would I want to borrow from my own policy if I can get a better rate down the street?
• Do you need to finance a new vehicle?
• Do you need to invest in real estate?
• What about paid up additions premium?
• How will your dollars grow?
• Why would you want to save money in someone else’s bank?
• Can you enrich yourself and the bankers?
• What’s the biggest building in Charlotte?
• What happens when you pay interest?
• What about policy loans?
• Do policy loans take experience?
• How much does one need to pay back on the loan?
• Will an insurer take your car or house away?
• Whose in charge of their cash value?
• Who manages the cash value?
• What’s a reasonable time frame to pay back a policy loan?
• Do you want to pay premium first and then loan payments?
• Are interest rates really important?
• What’s the best return?
• What questions do you have?
• What about using other people’s money?
• What about using your own cash value to make purchases?
• What about arbitrage?
• What about credit cards and discipline?
• What are the risks?
• What about paying premium out of cashflow and savings?
• Why did Jim write these rules to be timeless?
• What about credit union loans?
• How does privatized banking work?
• How much can a bank lend out?
• How much does a bank have to keep on hand?
• Would you like to eliminate bankers from your life?
• How can the bank make so much interest?
• What about low or no interest loans?
• Do you need to borrow more capital than you have in your policies?
• What about closing that window?
• What about feathering the clutch?
• What about uninterrupted compound interest?
• What about retirement?
• What happens if your goals change?
• Are you creating income for life with whole life insurance?
• When do most people stop paying premium?
• What about premium offset?
• What about paying your loans back?
• How might you maximize your lifetime income?
• How might you pay back your policy loans before you retire?
• What is the best practice?
• What about using your own capital to buy points on a mortgage?
• Who keeps a mortgage for 30 years?
• What about refinancing?
• What about moving?
• Does it make sense?
• What about the book How Privatized Banking Really Works?
• How might you use your own capital?
• What about the volume of debt?
• How much skin in the game does the bank really have?
• What were the reserve requirements in 2008?
• How might you build up and use your own capital?
• Why favor paying premium over paying back loans quickly?
• What does one do when they run out of wiggle room in a policy?
• What about timing?
• How might one completely replace banks?
• How might one do the banking at the “me and you” level?
• What about checking accounts?
• Would you like to join our membership site?