Group Discussion – learning lessons

00:00 – Voting for group vs breakout discussion

• Participants chose to stay in one group to share stories and reflections on Bob Shields’ message.

01:04 – Manus

• Echoes the regret many share: “If I started younger, I would’ve bought more death benefit.”

• Encourages not being afraid to capitalize early and often.

02:25– Sean

• “If you don’t owe money on your policy, we didn’t sell you enough.”

• Excited about stretching with new policies and leveraging loans for growth.

03:33 – Carrie

• Used policy loans to pay off credit cards,  saving interest and paying herself back.

• Building momentum to fund more policies.

04:49– Andrew

• References Nelson Nash’s twin case study (Page 45):

  • One person uses policy loans actively.

  • The other does not ,and loses out.

• “In Infinite Banking, loan is a sexy word.”

06:23 – Dan

• Late starter who saw Bob Shields live.

• Message that stuck: Even a small policy can outperform a lifetime of inaction.

• “Don’t be afraid to capitalize”, especially when time is short.

08:20 – Mike (business owner)

• Policies stabilized cash flow in an unpredictable industry.

• Has taken over 50 policy loans to manage gaps between income cycles.

• If not for policies, “we would’ve been out of business five years ago.”

14:57 – Ken

• Exploring insuring more lives after reaching personal limits.

• Realized budgeting within policy loans creates financial flexibility.

• Sees himself financing family farm operations.

18:00 – Richard

• Echoes Nelson: Only invest in what you know.

• Best investment is often in yourself or your business.

• Policy loans can help you identify and seize the right opportunities.

20:43 – Q&A: Using policy loans to fund new policies?

• Yes, if you plan not to “steal the peas” (i.e., repay responsibly).

• Balance is key. Do not overextend liquidity.

23:15 – Richard shares personal strategy

• Uses loans to rapidly increase death benefit while covering real needs like taxes.

• Example: Turned $40K payment into $160K+ in tax-free death benefit.

• Focus is long-term: waiting for windfalls to repay loans.

26:47 – Mike (cell tower idea)

• Considering starting a policy with unexpected lease income.

• Great example of redirecting new cash flow into the system.

29:12 – Shelley

• Uses four policies to fund business and daily life.

• Pays bills with credit cards, pays those off with policy loans.

• Recently used a financial gift to further capitalize.

• “If I can do it, anyone can.”

33:52 – Jose

• Pays for everyday expenses, even food via policy loans.

• “I live by loans. I’m poor but with a fat IBC policy.”

35:29 – Sandy

• Realizing she could use loans to cover her mortgage and feed the system.

• Considering switching from biweekly to monthly payments for better flow.

• Receives coaching encouragement to test her idea and adjust as needed.

39:38 – Curtis (mortgage expert)

• Yes, clients can often switch payment frequency.

• Some recover significant cash flow from switching accelerated payment plans.

• That cash flow can be redirected into new policies and protection.