Visit our website:

https://www.thewealthwarehousepodcast.com/

Dave and Paul go back to basics on human life value (HLV), and why most families are dramatically underinsured.

They contrast needs-based planning with an HLV approach, share Nelson Nash’s page-24 insight from Becoming Your Own Banker, and explain how to reach full coverage using a blend of whole life and convertible term.

You’ll hear simple rules of thumb, real client stories, why death benefits should track your rising “stock,” and the question that reframes everything: “What does my family deserve?”.

Becoming Your Own Banker by Nelson Nash:

https://infinitebanking.org/product/becoming-your-own-banker/ref/46/

Episode Highlights:

00:00 - Episode beginning

00:18 - “Porsche vs. Toyota” analogy

01:00 - Show open + Germany check-in

03:32 - Nelson Nash p.24; IBC framing & defining HLV

06:34 - Needs-based planning vs. HLV; most people underinsured

13:48 - Simple HLV math (income × years to ~70)

15:26 - Strategy: whole life + convertible term; adjust after raises

20:48 - Mindset: “What does my family deserve?”; runway reality

25:10 - Back to IBC: solve financing → coverage follows

29:22 - Episode wrap up

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Visit our website:

https://www.thewealthwarehousepodcast.com/

Catch up with David and Paul, visit the links below!

Website:

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:

davidandpaul@theibcguys.com

Visit our website:

https://www.thewealthwarehousepodcast.com/

Dave and Paul tackle a common stall-out point: starting IBC with one whole life policy and never building the system Nelson Nash intended.

They cover when to add policies (spouse/kids/your increased income), how to plan expansions using convertible term, what to do with windfalls, and why loans and investments should originate from and return to your policy ecosystem.

Becoming Your Own Banker by Nelson Nash:

https://infinitebanking.org/product/becoming-your-own-banker/ref/46/

Episode Highlights:

0:00 - Episode beginning

3:31 - IBC = a system, not one policy

4:26 - Life changes → expand (income/spouse/kids)

6:52 - Case study: don’t cancel; CV > premium

9:00 - Keep mature policies; avoid 1035 “churn”

11:30 - Remember your why: capitalize & control

12:31 - 20 years + a system; “accommodate all income”

13:36 - How to expand (small adds, spouse/kids)

15:03 - Kids’ policies & compounding

16:25 - Future-proof with convertible term & HLV

19:12 - Windfalls → premium/loans/new premium

20:55 - Policies as your emergency fund (liquidity)

22:14 - Beneficiaries beat probate — update yearly

25:03 - Investments start & return to your system

28:22 - IBC is ongoing; control your capital

29:55 - Episode wrap-up

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Visit our website:

https://www.thewealthwarehousepodcast.com/

Catch up with David and Paul, visit the links below!

Website:

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:

davidandpaul@theibcguys.com

Visit our website:

https://www.thewealthwarehousepodcast.com/

New policy in force, now what?

Dave and Paul walk through the first moves after your IBC policy goes active. From “slow your roll” capitalizing, to trading out high-interest debt, to building an emergency reserve inside your system, they map a practical sequence so you don’t chase loans just to “do something.”

They also cover spotting real opportunities (and avoiding FOMO), expanding your system with additional policies, redirecting cash flow, and a quick primer on smarter ways to think about 529 plans.

Becoming Your Own Banker by Nelson Nash:

https://infinitebanking.org/product/becoming-your-own-banker/ref/46/

Episode Highlights:



0:00 – Teaser

1:16 – Delayed start & plumbing mishap

4:08 – One policy to start; why “now what?” is normal

5:32 – “Slow your roll”: capitalizing and building liquidity

6:21 – Loans don’t add value by themselves

7:06 – Trade out high-interest debt; snowball/“velocity banking”

7:51 – Trend: eagerness to borrow vs. proper capitalization

10:30 – Which debt first? Amortization vs. smallest balance

11:59 – Freeing monthly cash flow with the snowball

12:54 – Look for opportunities without rushing; be choosy

17:25 – Cautionary tales: real estate pitches & protecting capital

18:22 – More policies over time: expanding the system

22:05 – The 95/5 rule: focus on earning more, not just cutting

25:45 – Kids’ policies: small premiums, long runway

26:41 – Premiums vs income, lifestyle creep, staying responsible

28:48 – Recap: capitalize → redirect → seek opportunities → expand

29:30 – 529s: usage today vs. assumptions about tomorrow

32:20 – CTA: email, reviews, and sharing

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Visit our website:

https://www.thewealthwarehousepodcast.com/

Catch up with David and Paul, visit the links below!

Website:

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

...