In this podcast, Rob speaks to Sarry Ibraim the creator of the Bank on Yourself system. He has spent many years working as a financial advisor helping people make a range of extremely important finance-related decisions. They discuss the Bank on Yourself strategy (aka the Infinite Banking Concept) in some detail. A strategy which involves using a dividend-paying whole life insurance policy as an alternative to borrowing from banks and other financial institutions. Potentially you can draw down funds that can then be invested in real estates and other assets. During the podcast, Sarry explains exactly what kinds of insurance policies you need to buy to be able to put the strategy into action.
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KEY TAKEAWAYS
BEST MOMENTS
‘It doesn´t matter where in the world you´re from you can use the “Bank on yourself” strategy.’
‘You can earn more on your money while you are using it.’
‘There´s no restriction on how you use that money.’
‘You never have to qualify for a loan with the insurance company.’
VALUABLE RESOURCES
TheEPCregister – to check your current rating
rob@tpnpodcasts.com – to contact Rob about carrying out an energy inspection and advising you on making improvements.
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
GUEST RESOURCES
TheEPCregister – to check your current rating
rob@tpnpodcasts.com – to contact Rob about carrying out an energy inspection and advising you on making improvements.
Bank on Yourself by Pamela Yellen
Becoming Your own Banker – Nelson Nash
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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