Becoming Your Own Bank: The Infinite Banking Concept with Nate Dean | Ep. 53

Today we sat down with financial educator Nate Dean.  Nate and his business partner Brandon have been running Unlimited Life Concepts out of Warren, TX since 2018, where they provide information and guidance about how to use the Infinite Banking Concept to control the flow of money in and out of your family’s life.  Nate’s background is in traditional finance and church ministry, but he’s found a mission in educating and empowering people to become their own banker.  To be clear, nothing in this show should be considered financial advice - this is for informational and educational purposes only. That said, Nate presents some very compelling reasons why IBC may be a tool to add to your financial toolbelt, and we hope you find this conversation as valuable as we did.  Be on the lookout for how to get your money working in multiple places at once, how to use whole life insurance to buy more assets, how to pay down debt using Infinite Banking, and how to create a family banking legacy that can last for generations. Enjoy the conversation and thanks for listening!   Follow Nate Twitter: https://twitter.com/ChroniclesNate Online Course – Holy Shift! 2.0: https://bethebank.kartra.com/page/holyshift Listeners: use code "Move101" for free access! Nate's newsletter: https://bethebank.kartra.com/page/twitter Instagram: https://www.instagram.com/ulcmoney/ TikTok: https://www.tiktok.com/@chroniclesnate Website: https://www.unlimitedlifeconcepts.com/     If you found this podcast valuable, the best way to say “thank you” is to share it with others and leave us a 5-star review on Apple Podcasts or Spotify.   Want to be a part of the show? Leave us a message at https://www.speakpipe.com/move101 We’ll feature and answer your questions on-air in future episodes. Contact us: [email protected] Follow us on Twitter: https://twitter.com/Move101Pod Follow us on Instagram: https://www.instagram.com/move101podcast/ Listen to full episodes and clips on YouTube at Move 101 Podcast   If you are looking for high-quality 3rd party-tested supplements, we recommend TrueNutrition.com  Using our discount code “Move101” will allow you to get 5% off any order - try the Chocolate Fudge Brownie! https://truenutrition.com/p-947-rbghsoy-free-whey-protein-isolate-1lb.aspx When you buy something using our links we may earn a small commission. This is free for you and helps support the show – thank you!   Time Stamps (may vary slightly by platform)   (01:25) What is the Infinite Banking Concept (IBC)? (04:05) Putting the Same Dollar to Work in Multiple Places (08:05) Leveraging Assets to Create Cash Flow (15:05) How Banks Make Money (and How You Can Do the Same with IBC) (27:30) Paying Down Debt with IBC (38:15) Stability of Mutual Insurance Companies Compared to Other Asset Classes (45:45) The Power of a Family Bank and Creating Generational Wealth (49:30) Example Assets that Work with IBC (59:05) IBC, Dividends, and Retirement (01:02:15) IBC as a Franchise Business for Your Family (01:05:25) Why Haven’t We Heard About This Strategy Already? Is There a Catch? (01:14:05) Holy Shift! Nate’s Course (Use Our Code for Free Access) and How to Work with Nate to Set up Your Own Policy (01:14:05) Actions to Take Today Featuring Rocky the Rooster Extreme Energy by MusicToday80: https://soundcloud.com/musictoday80/r... Attribution 3.0 Unported (CC BY 3.0) https://creativecommons.org/licenses/... Music provided by Free Vibes: https://goo.gl/NkGhTg