Episodes

As we near the end of our book walk through Nelson’s Becoming Your Own Banker, Mike and Chris review the Points to Consider. There are seven topics that, in one page, Nelson imparts his wisdom. Listen as Mike and Chris expand upon this wisdom with a bit of their own! The post Points to Consider – BYOB #38 appeared first on Life Success Legacy.

In this episode Mike and Chris dive into Nelson’s viewpoints on the monetary value of college. This isn’t a chapter that we spend a lot of time on, but it is a valuable chapter. Like most of Nelson’s book, this topic is intended to make you stretch your thinking and challenge the ‘status quo’. We think you’ll enjoy! The post A Different look at College – BYOB #37 appeared first on Life Success Legacy.

In this episode Mike and Chris discuss an extremely important chapter, not only to Nelson, but to them as well. This chapter is where the inspiration for Chris Bay’s book Family Banking with Purpose came from. Take a listen to hear how it has shaped their Infinite Banking journey and how they have used this chapter to continue educating the next generation Grab a copy of Chris’ book here! The post Even Distribution of Classes – BYOB #36 appeared first on Life Success Legacy.

In this episode Mike & Chris tackle one of the biggest hurdles to many people truly understanding Infinite Banking; rates of return. In fact, Chris discusses his own struggles with this prior to his family diving into IBC. We believe that when this chapter begins to make sense, you are well on your way to changing your financial future through Infinite Banking. The post Higher Rate of Return – BYOB #35 appeared first on Life Success Legacy.

In this episode, Mike and Chris dive into the Cost of Acquisition. Nelson uses the anecdote from Lee Iacocca’s book ‘IACOCCA’ to explain how difficult, and costly, it can be to play the games of banks. This paints a perfect picture of why Infinite Banking provides ultimate autonomy to YOU the policy owner. Why you ask? Because with Infinite Banking, you are the only decision maker, there is no cost of acquisition. The post The Cost of Acquisition – BYOB #34 appeared first on Life Success Legacy...

In this episode Mike and Chris talk in depth about Nelson’s feelings surrounding ‘retirement’. As we all know, Nelson had very strong opinions about several things in life, and this is no different. Take a listen to this longer-than-normal episode to learn what Mike and Chris take away from this chapter, and how it applies to each and every one of us. The post The Retirement Trap – BYOB#33 appeared first on Life Success Legacy.

In this episode Mike and Chris dig into the capitalizing and implementing your system chapter. This is a transitional chapter from the more foundational and technical aspects of Infinite Banking into application and ways to stimulate your imagination. While this is only a one page chapter, there are several important things to consider. Nelson is reviewing how to get started, the fact that you need a coach and a community, but most importantly to get started now. Listen to see what Mike and Chri...

In the last episode, Mike and Chris wrapped up the equipment financing section… almost. There were some that had concerns over the very high dividend scale from when the book was originally published. So Nelson decided to present a new illustration representing a more conservative dividend scale. Listen to see how the numbers turned out. You might be surprised! The post Equipment Financing – Addendum – BYOB #31 appeared first on Life Success Legacy.

In this fourth and final episode of the equipment financing section, Mike and Chris unpack the big picture of this section. It’s long, but 100% worth it. Remember it’s the Infinite Banking Concept, not the one size fits all concept. If you grasp this section, the possibilities are endless! Enjoy! The post Equipment Financing – Part 4 – BYOB #30 appeared first on Life Success Legacy.

Mike and Chris continue working through the equipment financing section of Neslon’s Becoming Your Own Banker. This portion is where you truly begin to see the power of Infinite Banking and how it has nothing to do with the insurance policy, but has everything to do with the owner of the policy. If you’re hung up or just need a review, you won’t be disappointed! The post Equipment Financing – Part 3 – BYOB #29 appeared first on Life Success Legacy.

In this episode, Mike and Chris go deeper into the equipment financing chapter of the book. Which is beginning to transition away from the individual application of Infinite Banking into strategies suited for businesses. Join as Mike and Chris unpack this complex section of Nelson’s book. The post Equipment Financing – Part 2 – BYOB#28 appeared first on Life Success Legacy.

In this #tbt podcast, Mike Crawford is the subject! We dive into the way he got introduced to Mike Everett, his immersion into Infinite Banking and the story of how he and his family are implementing IBC. We hope you enjoy this deep dive with another of our teammates! Mike Crawford interview transcript. Chris Bay: We’re starting down this road of interviewing our team members at Life Success Legacy so that you, the listeners, can get to know us a little bit, but really part of it is for you t...

In this very special episode, Mike Crawford interviews author Chris Bay about his new book, ‘Family Banking with Purpose.’ In his book, Chris uses relatable circumstances that we have all been through. These scenarios can be used to help families implement Infinite Banking in their lives and create financial freedom. Pick up a Kindle copy for $0.99 from July 23rd to July 29, 2021 on Amazon, or snag a paperback version for $15! Amazon link: https://www.amazon.com/dp/B098KTK2VC Book Website: https...

Mike and Chris are digging in for this multi-part podcast on Equipment Financing. For those of you who wanted numbers, here it is. This chapter really starts unfolding the benefits of using Infinite Banking by providing multiple examples of the same situation. This episode is foundational, you may want to listen twice! The post Equipment Financing – Part 1 – BYOB #27 appeared first on Life Success Legacy.

In this episode, Mike and Chris go into one of Nelson’s most intriguing chapters and, for that matter, opening sentences of a chapter. If you’re a veteran follower of the Infinite Banking Concept, you know what it is. For those who are new, you’ll have to listen to find out! The post Expanding the System to Accommodate all Income – BYOB #26 appeared first on Life Success Legacy.

In this #tbt podcast that originally aired March of 2018, the reigns are taken from Chris Bay and handed to Michael Crawford! We drill down into how Chris and his family got started, where they had taken IBC up to that point and more! Take a listen and see where Chris was three years ago in his IBC journey. This is a fun one! Chris Bay Interview. Transcript Michael Crawford: All right, ladies and gentlemen. My name is Michael Crawford, and yes, you may have noticed I am not the voice of Chris...

Mike and Chris work through the second half of this awesome chapter by going in to depth on Nelson’s vehicle purchase example. They drill down into the C/D method and the Infinite Banking method, since they are the only two ways to be ahead in the scenario. What might surprise you is the difference financially. The post Start Building Your Own Banking System – Part 2 – BYOB #25 appeared first on Life Success Legacy.

In this episode, Mike and Chris dive into Nelsons chapter titled ‘How to Start Building Your Own Banking System.’ Part of Nelson’s brilliance is how he can bring high level economics down to the you and me level. This chapter is no different. He compares five methods for purchasing a vehicle, something we’ve all done. Mike and Chris unpack these methods and give insight into what Nelson was truly trying to get across. Which, by now we certainly know, is that Whole Life Insurance is the most adva...

In the wrap up of the Create the Entity section, Mike and Chris discuss Universal and Variable Life in relationship to Infinite Banking. They talk about how Nelson felt about those products and the reasons why he had those opinions. Enjoy! The post Create the Entity – Part 4 BYOB #23 appeared first on Life Success Legacy.

In the third part of Creating the Entity, Mike and Chris expand upon Nelson’s idea of having multiple policies to accomplish the long term goals of Infinite Banking. They also reiterate how Whole Life Insurance is misclassified. Pay close attention to this one. The principles are integral into the success of Infinite Banking and center to Nelson’s teachings. The post Creating the Entity – Part 3 BYOB #22 appeared first on Life Success Legacy.

Chris interviews Mike Everett in the first of our team interviews. We cover the gamut and think you’ll enjoy this #tbt post! Mike Everett Interview. Transcript Chris Bay: Welcome to the Life Success Legacy Podcast. My name is Chris Bay and I’m joined today with the founder of Life Success & Legacy, Mike Everett. Chris Bay: Thanks to our listeners for joining us today. This next set of podcasts are going to be a little bit different. What we want to do is we want to introduce you to the team...

Mike and Chris pick up right where they left off and continue to the ins and outs of creating the entity. Nelson spends time explaining the classification of Whole Life, which he contends should have been called a ‘banking system with a death benefit thrown in for good measure’. Remember, we used to think that potatoes were poisonous because of misclassification… rethink your thinking. The post Creating the Entity Part 2 – BYOB #21 appeared first on Life Success Legacy.

This next section will be a multi-part podcast on the idea of Creating the Entity. Mike and Chris take a dive into the world of Life Insurance Actuaries… yeah, we know you’re riveted. However, this is critical to understand, if we are to understand Whole Life Insurance, and how it is the best tool for banking. Watch and learn, we promise it’s more exciting than it sounds! The post Creating the Entity – Part 1 BYOB #20 appeared first on Life Success Legacy.

In this #tbt podcast we review the question that we get all the time; is Infinite Banking a scam. The original podcast was released in February of 2018, and honestly, the question probably gets asked more now than back then. We all get so caught up into our current way of thinking, that when something comes along that challenges those thought processes, we often find ourselves doubting the validity of it. If you haven’t listened to this podcast, or even if you have, it’s a great one to review. ...