In this #tbt podcast that originally aired March of 2018, the reigns are taken from Chris Bay and handed to Michael Crawford! We drill down into how Chris and his family got started, where they had taken IBC up to that point and more! Take a listen and see where Chris was three years ago in his IBC journey. This is a fun one!

Chris Bay Interview. Transcript
Michael Crawford:
All right, ladies and gentlemen. My name is Michael Crawford, and yes, you may have noticed I am not the voice of Chris Bay. That is because today’s podcast, if you’ve been following our podcast series, is on our team, and Chris Bay is the next victim.
Chris Bay:
Nice. Nice.
Michael Crawford:
He is in the hot seat, as it were, and we’re going to go through a little bit about how he got started in Infinite Banking and tell a little bit of his story and give some insight into how it’s working for him and where he sees it going. How are you doing, Chris?
Chris Bay:
I’m doing great, yeah.
Michael Crawford:
Awesome.
Chris Bay:
Doing great. Love talking about this topic.
Michael Crawford:
Yes, you do. You’re not used to the position though, right?
Chris Bay:
No.
Michael Crawford:
You’re the one asking the questions.
Chris Bay:
I’d much rather be asking the questions, but I think our story will connect with some people out there.
Michael Crawford:
Absolutely. I agree 100 percent. So let’s dive in. I want to start from the beginning. Your story is unique in how you got started, and I think it’s pertinent for a lot of people. Because we all have different stories on how our money came to be where it is, and learning a little bit about where yours came from and how you took advantage of your next steps with the Infinite Banking Concept, I think the people would like to hear about.
Chris Bay:
Yeah. Well, at the time when I was in introduced to the Infinite Banking Concept, I was working as an elementary school principal, and my wife and I had worked pretty hard and made a lot of choices and sacrifices to be single-income family so that we could invest in our two daughters. And so at the time, we actually had been practicing the teachings of Dave Ramsey for actually about seven years. And I will tell you, that was a source of frustration and a source of conflict in our relationship, and the word you use in your podcast was hope.
The hope for us was so far down the road using this approach, Dave Ramsey’s approach, that our hope was very little. We were not going on vacations. We were not going out to eat very often, and it was really frustrating. And I was working my tail off, doing the best I knew how to do to provide for my family, but we were not doing it very well. I remember, Sean reminds me that we were negotiating with medical care providers who were providing services for our daughters and for our family because we didn’t have the money to pay it, so it was tough.
Michael Crawford:
Right. And so when you talk about the stress, was it the stress that you were experiencing in your financial picture that led you to investigate alternatives?
Chris Bay:
Yeah. In fact, I remember there was a teacher that I was working with, and this would have been back in 2007, the fall of 2007, and she had taught for over 30 years, and she came in and said, “I’m going to retire in the spring.” We were celebrating her career. And she came back in in the… Sorry, that was the fall of 2007. In the spring of 2008, so think about the world and financially what was going on, she came back in and said, “I’m not going to be able to retire.”
Michael Crawford:
Hm.
Chris Bay:
Yeah. I filed that away in my brain, because I thought… Are we good?