Wade Borth - Sage Wealth Strategy

Today, Wade welcomes back one of his favorite guests, David Zapata, to discuss the critical value of unstructured loans and guaranteed lines of credit within the Infinite Banking Concept (IBC). They dive into real-life examples, including Wade's personal experience during the 2008 financial crisis and a recent story from one of David's clients. The conversation emphasizes the importance of controlling your own access to capital, rather than relying on third-party lenders who may pull the plug at any time. This episode is a must-listen for anyone interested in understanding how to secure financial certainty in uncertain times.

Episode Highlights
01:37 - David Zapata shares his insights on guaranteed lines of credit through whole life
insurance.
03:29 - The limited view of borrowing from insurance and its broader benefits.
04:43 - Explanation of life insurance company commitments and guarantees.
06:06 - The three guarantees of whole life insurance explained.
09:09 - The irreplaceable value of guaranteed cash growth.
13:00 - How life insurance companies act as custodians of policy value.
17:02 - Managing access to money versus owning access to money.
19:57 - Discussion on the importance of context and setup in financial planning.
21:59 - Example of a real situation where guaranteed access to capital through whole life
insurance made a difference.
23:50 - Practical implications of losing bank-provided lines of credit unexpectedly.
27:45 - Importance of planning and staging of financial resources.
29:32 - Announcement of the upcoming wealth seminar in Scottsdale.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com
• Connect with David Zapata
• https://www.linkedin.com/in/bydavidazapata 

In this episode of the Wade Borth Podcast, he dives deep into the concept of Economic Value Added (EVA), a topic that Nelson Nash highlighted in his book Becoming Your Own Banker. EVA is often misunderstood, but it's crucial for anyone looking to maximize the value of their capital. Wade explores a key 1993 Fortune magazine article that discusses how major companies like Coca-Cola and Quaker Oats utilized EVA to drive profitability. Join Wade as he breaks down the principles of EVA, its relevance to personal finance, and how understanding the true cost of your capital can lead to better financial decisions.

Episode Highlights
00:24 - Nelson Nash mention - Introduction to Economic Value Added (EVA).
01:02 - Fortune Magazine article - Highlighting the 1993 article by Shawn Tully.
02:02 - Key quote from Nelson - “EVA’s basic premise is, if you understand what’s really happening, you’ll know what to do.”
04:58 - Use of capital - Different interpretations of capital’s value and return.
07:41 - EVA in practice - Managers acting like shareholders.
12:10 - Real profitability - Importance of measuring real profitability of operations.
12:51 - Cost of capital overlooked - Emphasis on recognizing the full cost of capital.
13:59 - Example from CSX - Success through understanding and utilizing EVA.
18:17 - Banks and capital returns - Comparison of banks understanding and getting returns on
their capital.
20:22 - Financial statement gap - Missing equity cost in financial statements.
22:59 - Real estate example - Miscalculating profitability by excluding capital costs.
27:03 - Efficiency in assets - Illustration through CSX’s unutilized resources.
32:56 - Importance to individuals - Treating personal capital with the same seriousness as
businesses do.
35:48 - Practical approach - How to apply EVA principles in personal finance.
39:46 - Quaker case study - Realizing the non-free nature of inventories/capital.
43:34 - Main takeaway - Understanding what is really happening to make informed financial
decisions.
44:05 - Nelson Nash’s legacy - Emphasis on controlling the banking function at an individual
level.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

Today's episode brings a little bit of sadness as Wade shares a deeply personal story about the unexpected loss faced by a client, highlighting the importance of life insurance in times of crisis. He discusses how life insurance can provide financial certainty and peace of mind during the most vulnerable moments in life. Wade reflects on the value of planning ahead and how life insurance serves as a critical resource, not just for the living, but for those left behind. Tune in as he explores the real impact of being prepared for the unexpected and why it's a vital conversation for everyone.

Episode Highlights
00:28 - Abandoning initial podcast topic due to client experience.
00:52 - Client’s unexpected loss: husband did not return from hospital.
01:35 - True value of life insurance during clients’ most difficult times.
02:01 - Insurance agent’s role in supporting clients.
02:18 - Insight from One America president Dennis Martin.
02:43 - Contrasting insurance companies vs. money managers during crises.
03:52 - Life insurance alleviates financial burden amid grief.
04:45 - Appreciation for the life insurance industry.
05:04 - Importance of planning and its impact on financial certainty.
06:04 - Real-life example of unforeseen scenarios.
06:27 - Emotional and financial support provided by life insurance.
08:14 - Encouragement to have enough life insurance coverage.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

In this episode, Wade continues the conversation on starting the Infinite Banking Concept (IBC) by diving deeper into the critical steps beyond understanding the problem. Many people mistakenly begin with the product rather than addressing the foundational issues first. Wade emphasizes the importance of finding a knowledgeable practitioner, establishing a solid process, and selecting the right tools to achieve financial freedom. Listen in as Wade shares his insights, experiences, and practical advice to help you take control of your financial future.

Episode Highlights
01:10 - Importance of understanding the problem.
02:40 - Noise in the industry - starting with step 4.
04:40 - The role of a good practitioner.
05:45 - Learning from mistakes.
06:55 - Empathy and empowerment over control.
08:00 - Building a like-minded community.
09:40 - Importance of surround yourself with supportive people.
11:10 - Review of important first steps.
12:00 - Clear communication with your practitioner.
12:55 -  Setting up the correct process for policy loans.
15:20 - Respecting your family bank's money.
17:30 - Ensuring your process guarantees success.
18:20 - Common issue: Step 4 focus.
19:50 - The right product is just a tool.
22:05 - Using the right tool for the problem.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

In today's episode, Wade dives into the Infinite Banking Concept, exploring the intricacies and processes that often leave people puzzled. He emphasizes the importance of understanding the proper sequence in becoming your own banker and shares insights from his discussions with business coach Tammy Brennan. Wade explains why it's crucial to grasp the problem of not controlling the banking function in our lives and how identifying and addressing this issue can lead to financial freedom. Tune in to learn about the four-step process to take control of your financial future and the true power of becoming your own bank.

Episode Highlights
02:34 - Defining Infinite Banking.
05:52 - Importance of Process and Sequence.
10:04 - First Step in Infinite Banking: Understanding the Problem.
13:19 - The Role of Banks: Saver, Borrower, and Wealth Creator.
15:40 - Banking as a Verb, Not a Noun.
18:58 - The “Magic” of Banking: Why Banks Love Both Savers and Borrowers.
22:50 - Concept of Wealth Creation.
29:08 - Becoming Your Own Bank.
31:40 - The Legacy of a Wealth Creator.
34:52 - Practical Steps to Implement Infinite Banking.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

In today's episode, Wade continues his discussion on key takeaways from the Nelson Nash Institute's annual Think Tank. He shares a compelling client story about understanding the importance of choosing the right product for Infinite Banking, the differences between Whole Life and Universal Life policies, and why Whole Life is the cornerstone for those practicing Infinite Banking. Join Wade as he dives into these crucial insights to help you take control of your financial future.

Episode Highlights
01:02 - Story of client inquiry into IBC.
01:43 - Product vs. human problem in financial decisions.
02:11 - Whole life vs. universal life insurance explained.
05:15 - Risks of universal life insurance.
08:40 - Personal experience with insurance mismanagement.
10:30 - Consequences of interest rate assumptions failing.
12:11 - The importance of long-term financial strategies.
15:38 - Potential risks in policy lapses.
17:04 - Need for practical guarantees in financial products.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

Fresh off of the return from IBC Think Tank, Wade shares his thoughts and takeaways of the event. This unique gathering is a must-attend for IBC practitioners and anyone interested in exploring the concept of Infinite Banking. He shares key takeaways and insights from the event, starting with a profound realization: "Premium is a contribution to capital." Join Wade as he unpacks this and more, aiming to provide valuable content for those who want to understand becoming their own banker.

Episode Highlights
01:57- Rethinking your thinking.
04:11 - Two businesses: a back-and-forth exchange of time and money.
04:36 - Importance of recognizing you're in the banking business.
05:55 - Contribution to capital explained.
07:00 - Understanding the problem and seeing premium as the solution.
08:11 - Capital: necessary for both business and personal life.
09:39 - Premium as a contribution to capital.
11:13 - Saving and reliance on banks.
12:57 - Control through capital contribution.
14:06 - Avoiding frustration and potholes.
16:59 - Long-term commitment and building a personal financing system.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com 

Joining Wade today is friend Curtis May where they discuss the power of whole life insurance and infinite banking strategies. Discover how whole life policies offer guaranteed benefits and find out how to leverage these strategies for personal and business success. Tune in for valuable insights on building wealth, managing risk, and maximizing financial potential!

Episode Highlights
03:36 - Their shared passion for infinite banking and the insights they gain from attending the industry symposium Circular Wealth.
23:38 - Curtis talks about two schools of financial thought: the accumulation theory and the velocity method, advocating for the latter as it emphasizes the velocity of money and the economic value of certainty.
29:12 - Curtis outlines his investment philosophy and his preference for investing in what is known and can be controlled, with a focus on cash flow rather than chasing returns.
33:15 - Wade and Curtis discuss leveraging whole life insurance policies for business purposes, highlighting how it can serve as a volatility buffer and offer advantages like collateral opportunities and uninterrupted compound interest.
45:46 - The conversation turns to business owners and the financial advice that should be tailored to their unique position, separate from advice given to W-2 employees.
52:13 - Wade and Curtis highlight the necessity of discipline, time, and money to achieve financial success with the infinite banking concept, and discuss the importance of becoming the person who can utilize these tools effectively.

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com
• Connect with Curtis May
• https://www.linkedin.com/in/curtismay/  

Today, Jubril Wilson, realtor and investor, joins Wade to explore the Infinite Banking Concept (IBC) for financial freedom. Discover practical tips on real estate, leveraging whole life insurance, and embracing abundance mindset. Learn the importance of networking and taking control of your financial destiny. Tune in and start your journey to financial empowerment now!

Episode Highlights
01:30 How Jubril helps Realtors in the current market situations
03:23 How his mindset changed from frivolous spending to investing in infinite banking
05:02 The concept of "Pathing" (or sequencing) and how it has led Jubril to learn new financial strategies
06:45 The importance of financial efficiency and mention of their podcast series that breaks down each chapter of Nelson’s book on the Infinite Banking Concept
09:51 How Jubril’s thought process has changed since implementing the infinite banking concept in his life
13:51 Real-life examples of how Jubril has leveraged the infinite banking concept to manage finances more efficiently
19:22 The concept of a 'think tank' with practitioners from various fields coming together to discuss worldwide happenings and industry changes
21:21 The debate on life being a "participation sport" not a "spectator sport" and that it is essential to get involved and start participating proactively
22:36 The comment from a Citibank's head on who controls the dollars and the advice on how the difference between chaos and opportunity is who has access to money
23:03 How a consumer can avoid being reactive and take advantage of chaos if they saved enough money and had better control over their finances

Episode Resources

• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com
• Connect with Jubril Wilson
• jubril10xhomes@gmail.com