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In this episode, we ask:
- Have you heard Episode 462?
- Who is Phil Smith?
- What is a super awesome privilege?
- Why was Mark cautious?
- What helped Phil?
- How did Phil find the right balance with his Bank On Yourself® type whole life insurance policies?
- What is so cool about having friends as clients?
- What were some of Phil’s early concerns about taking policy loans?
- What about paying off debt?
- What about real estate?
- What about investments?
- How did Phil pivot, as life happened?
- What is the new financial normal?
- How can I route some of my major life purchases through this policy?
- How might I keep my money growing at the same time?
- What did Nelson Nash say?
- What about arrival syndrome?
- What about the beginner’s mindset?
- What did C.S. Lewis say?
- Would you like to meet Phil?
Phil Smith is an Associate at Lake Growth Financial Services, bringing more than 17 years of banking and credit‑union experience to the firm. A Bank On Yourself® client since 2013, Phil has personally used the strategy to navigate major life transitions, eliminate debt, fund investments, and build long‑term financial resilience—giving him a rare dual perspective as both a seasoned practitioner and a long‑term policyholder.
Known for his disciplined, thoughtful approach, Phil draws inspiration from his journey in traditional kung fu, where he is a fourth‑degree black belt soon testing for master level. He applies the art’s core principle—time and effort—to helping clients build stable, flexible, and future‑focused financial strategies. Phil serves clients nationwide and can be reached at philsmith@lakegrowth.com.
