Episode 460: No. 8 The Black Belt Strategy: Expand Your Banking System Until It Handles 100% of Your Income

In this episode, we ask:

• Have you tied on your belt?
• What is happening with the CPI?
• Where is worker confidence listed with ABRI?
• What is the median savings for people in the U.S.?
• What age bracket is buying whole life insurance in droves?
• What is the black belt?
• Are you leaking wealth?
• Is your wealth working for you or someone else?
• Would you like to start with capturing your monthly cashflow with No. 1 The White Belt?
• Would you like to work with the most important people in your life, No. 2 The Yellow Belt?
• Would you like to climb up and out on eliminating debt with No. 3 The Orange Belt?
• Would you like to strategize to protect your retirement and business with No. 4 the Red Belt?
• Would you like to structure a cash flow system with No. 5 the Green Belt?
• Would you like to tackle massive expenses with No. 6 the Purple Belt?
• Would you like to bring the generations along and up with No. 7 the Brown Belt?
• What did Nelson Nash say?
• What happens to ALL of your money?
• What does the bank do with your money?
• Can your system accommodate your income?
• Have you read Becoming Your Banker by Nelson Nash?
• What will wreck your margins?
• What is theft from yourself?
• What about opportunity cost?
• Who pays retail?
• Where does your money live?
• What is bank-owned life insurance (BOLI)?
• How much life insurance do banks purchase?
• How much of that banking function do you want to control?
• How do we turn our headwind into a tailwind?
• How do you live on less than you make?
• What is the aim?
• Can you expand?
• Should your premium match your income?
• What did Jim Conrad say in his dollar diagram?
• What would happen if…?
• How does the black belt work at scale?
• Can you finance every big transaction in your life?
• How do you eliminate the dreaded wealth transfers?
• Who has the discipline for this?
• Is this a set it and forget it plan?
• How about some examples?
• Who is sleeping better?
• Who treats his policies like a family office command center?
• Do you have a repayment strategy?
• Do you have windfalls?
• Who has self-control?
• Who has patience?
• When does the power come?
• What is the significant danger to this strategy?
• Could the policy trigger a surrender or lapse?
• What is phantom income?
• Who is trained and able to engineer policies for you?
• What about business growth?
• What about legacy?
• Would you like to meet with Mark?