Not Your Average Financial Podcast™
Episode 367: A Bank on Yourself® Manifesto with Dave Bonnemort
In this episode, we ask:
- Would you like to hear Part 1 with Dave Bonnemort?
- What about mindset?
- What about cash value life insurance?
- What is the point of all of this?
- What about building capital?
- Can you do hard things?
- What’s Dave’s experience with his policies?
- What about thinking long range?
- Do you want a million dollars today or a penny that doubles every day?
- What about dividends?
- What was Nelson Nash pounding the drum about?
- When do you want your money to be most efficient?
- How does the Bank on Yourself® or Infinite Banking strategy fit into the E.S.I. framework we talked about last week?
- What about warehousing your wealth?
- What about emergency funds?
- What about starting a business and access to opportunity funds?
- What about looking at the flow of money?
- What about the Profit First book?
- How does Dave pay his taxes?
- How does Dave protect the family and the business?
- What is the Augusta rule?
- What about paying for college and beyond?
- What about saving to drive the efficiency of the dollars?
- What about real estate, crypto or starting a business?
- Does the choice have to be either/or?
- How is life insurance an “and asset”?
- How do the tax dollars pay for the life insurance premium?
- What did Dave learn from Nelson Nash?
- What about insurance as an asset class?
- How did Dave choose to work with Mark?
- Do you build capital in an investment?
- Who gets burned?
- What about ruminating over all of the information, to really absorb and learn it?
- What about being more strategic?
- What about paying a simple interest rate back to the insurance company?
- What about having capital for opportunities?
- What about getting better terms for cash (vs. financing)?
- What about the example of the two sisters: the life insurance sister vs. the C.D. sister?
- Why are books so important and so much better than social media?
- What will take time?
- What is a 30 year journey and process?
- Who understands how to handle lump sums?
- Who is willing to hustle and grind?
- What are the strategies you can employ when you can’t pay a premium?
- What about thinking long term?
- Would you like to hear Episode 95 and Episode 96?
- How might life insurance figure into your overall situation?
- How might it be a safety net as well as accessible capital?
- How might patience lead to exponential growth over time?
- What about talking with your family to teach financial concepts in a practical way?
- Would you like to meet with Mark?
Dave Bonnemort is a current client and active practitioner of the Becoming Your Own Banker concept, as well as a husband to an amazing wife and father to three incredible kids.
He makes his living as a small business owner, is a student of Austrian economics, and a personal finance junkie.