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In this episode, we ask:
- How does the banker’s mindset change everything?
- What does a banker think about all day long?
- What is a “system” of policies?
- Why do bankers save cash?
- Do you remember Scrooge McDuck?
- When does the banker’s mindset go into full gear?
- What is the limit of the number of insurance policies one individual can own?
- Can you imagine owning 40 life insurance policies?
- What system of policies works best?
- What is The Family Network Method?
- How are easterners different from westerners with money?
- Why do we keep our money secret?
- How do generations pass money to each other?
- What about insurability?
- What if someone is in poor health?
- What about the guarantees?
- What is predictable?
- How do families pay for college?
- How do families pay for cars?
- How do the families pass on wealth?
- What about setting up a trust?
- What about a real life example of a family purchasing together?
- What about spoiling your kids?
- What about final expense and funeral costs?
- What do you want your last impression to be?
- Can you expect an inheritance?
- What about the family farm?
- Can you predict financial milestones?
- How did Tim predict milestones? What about Tim’s roadmap?
- What’s Mark story with opening policies?
For the chart Mark references, see Chapter 11 of the Bank on Yourself Revolution book by Pamela Yellen.