REI ROCKS! PODCAST

Listen to another great episode with industry leaders in real estate.

Infinite Banking Concept with Erica Neal and David White

In this 3 part series, Erica and David highlight how business owners & real estate investors can manage their cash flow and liquid assets through the most efficient strategies.

Part 1

Things you will learn in this episode:

[00:01 – 06:39] Opening Segment

● Let’s bring Erica and David to the show
● I talk about how we met
● David talks about his background

“Not many people could build true life prosperity to their retirement through this type of vehicle such as stock market.”

[07:40 – 10:59] Infinity Investment Strategies  
● David shares briefly about Infinity Investment Strategies
● Involved in real estate and partnering up with some key players in multi-family
● Erica talks about their current focus on Infinity Investment Strategies

● Providing guidance and planning process for entrepreneurs
● Erica shares her experience in the infinite banking world
● Erica talks about the benefits of being on the independent platform

[11:00 – 12:06] Infinite Banking Concept
● Erica shares the background concept on Infinite Banking 
● Strategy in economic plan focusing on a specific type of cash value policy
● Erica talks about the importance of using and setting up the right tools correctly in order to succeed in infinite banking

Part 2

Things you will learn in this episode:

[00:01 – 05:19] How Infinite Banking Concept Works on Real Estate

● Erica talks about the feedback from her friends and clients who are in multifamily
● Erica talks about how the Infinite Banking concept could be the solution for many issues in real estate
● Infinite Banking is also known as the Rich Man ROTH

“In Infinite Banking, you can take the depreciation deduction and take the real estate tax benefit as well as adding more.”

[05:20 – 12:29] Four Pillars of Infinite Banking
● Lower taxes
● Increase leverage and control
● Lower risk
● Protection for your assets
● David talks about the legacy and passing down wealth
● There are no bad financial products. Just bad strategy and implementation

[12:30 – 23:05] The Foundation of Infinite Banking Concept
● David talks about two economic powers in the financial world
● You are combining something in your financial tools where pros offset the cons
● Infinite Banking is like a paradigm shift to understand how these financial tools work in concert with each other
● Erica talks about the foundation of The Infinite Banking Concept
● David shares some analogies to explain more about Infinite Banking
● David talks about leveraging our own money and reducing the amount of money we give to the bank
● Infinite Banking is not a massive growth strategy but a way to accelerate what you are doing in real estate

 

Part 3

Things you will learn in this episode:

[00:01 – 11:29] Paradigm Shift in the Infinite Banking Concept

● The different tools have different ways to make money
● Erica talks about the savings dilemma that most people have
● Think about assets as ‘the Vault’ (Warren Buffet theory)
● The only asset that actually performs all of these functions is the dividend-paying guaranteed whole lot interest cash value policy
● Generational wealth mindset
● Your cash value is guaranteed to increase every single year

“If we do what nobody else is willing to do, we are going to have what nobody else is gonna have.”

[11:30 – 19:29] Protection and Control Element
● Taxes protect 100% of the cash value
● Erica talks about protecting yourself from predators
● Financial reporting
● Erica talks about the control element
● We are financing everything we buy

[19:30 – 39:49] Math vs. Money
● Erica shares a scenario of earning future value interest
● David talks about the compound interest curve and how it works
● Erica shares about some of their clients’ case
● Emulate successful people in doing things in a different way
● The biggest banks have over 50% of their assets held within the corporate-owned whole life insurance
● David talks about the easiest way to get enacted to a deal

[39:50 – 44:07] Closing Segment
● Erica shares some names that have been using the Infinite Banking Concept
● Infinite banking is a strategy and an enhancement of what we are already doing
● It is an easy thing to plug in once you understand how to design it and maximize your IRS correctly
● Final words

You can connect with Erica on LinkedIn, Instagram, and Facebook.

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