Life Success & Legacy

In this episode, the team takes the opportunity to celebrate Shelley Forbis, the person who holds everything together and ensures every client is well taken care of. Many of you already know Shelley and her relentless dedication to advocating for our clients, but listen as the team shares how we wouldn’t be who we are without her.

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In this episode, the team delves into a rarely discussed topic: policy maintenance. We start by introducing the key players and then explore important considerations to keep in mind as life moves forward. This is a good one!

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In this video, the team talks about the challenges of finding like-minded individuals in the Infinite Banking space. To address this, we’ve created the LSL IBC Community Discord! This community is designed to be a space where our clients can connect, share ideas, and support each other through the ups and downs of the Infinite Banking journey. If you’re interested in joining, just reach out to our team, and we’ll send you the link!

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In this episode, Chris has the pleasure of interviewing two of the LSL Team’s favorite people: Pei and Nino. They are not only valued clients and enthusiastic advocates for LSL but are also embarking on many exciting adventures of their own. Tune in to discover how you can get involved with what they’re up to!
You can listen to ‘Finding Financial Fitness’ on Apple or wherever you listen!

The post Interview with Pei Chen and Nino Gonzalez! appeared first on Life Success Legacy.

In this episode, Chris has the privilege of interviewing Shelley Forbis! While she prefers to stay in the background, ensuring our clients receive the highest level of care, her story deserves to be shared. Take a listen, and you’ll understand why the LSL team feels 100% blessed to have her.

The post Shelley Forbis Interview! 2024 Updates appeared first on Life Success Legacy.

In this episode, we have the opportunity to non-roast our amazing team member and undisputed passive income champion, Mike Kwong! We’ve brought in Haley as an additional roaster—oops, I mean supporter. Her insights, combined with those of Mike, Mike and Chris, create a very fun and heartwarming podcast. Take a listen, and we think you’ll agree: Mike Kwong is one of the absolute best.

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In this episode, we discuss a statement we hear all the time. “My friend says I can get cheaper whole life insurance!” Our immediate reply? Yes, you can! But it all comes down to your purpose. Listen in as we cut through the noise to show you how properly designed, dividend-paying whole life insurance can transform your financial landscape.

The post My friend found high cash value Whole Life for way cheaper. Can it be? appeared first on Life Success Legacy.

In this exciting episode, Chris sits down for an insightful interview with none other than Kish Rao, one of our esteemed associate coaches! With a longstanding friendship that spans years, Kish’s journey culminated in his appointment as an associate coach in 2023. As Chris delves deep into Kish’s passion for IBC and his unwavering commitment to empowering others, listeners are treated to a wealth of wisdom and inspiration.

But the conversation doesn’t end there! If you’re eager to connect with Kish or become a part of his transformative club, you’re in luck. Here’s how you ca...

In this episode, we do a follow up discussion about the 2024 Annual Think Tank. We talk about the event, the speakers, the community and more. Some of it is silly, but all of it is good. Take a listen to see why this event is and will continue to be valuable to the Life Success & Legacy team.

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In this episode two Mikes and a Chris discuss the PUA. We’ve discussed the PUA a lot on this podcast, but always from the technical perspective. Mingled in with the technical, this episode provides a broader look at the PUA and even discusses some of the pitfalls that can be experienced. Take a listen.

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In this video, the Mike’s discuss our experiences and expectations for the upcoming Think Tank. It will be the first time that the whole team has attended!

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In this episode, we rewind the clock and journey back to when each of us got into IBC and what our Why was. Everett discusses the team Why and then each of us tells our personal story. Our hope is that this episode inspires current or future clients to dig into the ever so important […]

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In this episode, the team reflects on the recent holiday season and the possible conversations that might have come up. Namely, conversations about Infinite Banking. Whether you’re an agent or a client, you might get asked what you do for a living, or maybe how you manage your money. Listen to see what the team […]

The post Want to have an engaging conversation about IBC? Start here. appeared first on Life Success Legacy.

In this episode we discuss a topic we’ve covered in a couple of different ways throughout the podcast; the wind current. However, we’ve never broken down all of the language that surrounds the phrase and how it applies to Infinite Banking! Take a listen and see if you already knew how it all works, or […]

The post Turning the Wind Current: Outside vs Inside Debt appeared first on Life Success Legacy.

In this episode, we discuss convertible terms. We’ve touched on this topic several years ago and felt a refresher was in order. Take a listen to see how the Life Success & Legacy team coaches our clients on how to integrate convertible terms into their Infinite Banking strategy. Also, listen to some personal stories on […]

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In this episode, we tackle a recent Boot Camp question. Is it smarter to attack debt first, with your IBC plan, or go for passive income through investments? Take a listen to see how the Life Success & Legacy team does it personally as well as how we could coach you through the process!

The post Debt or Investments? Which should I do first? appeared first on Life Success Legacy.

In this episode, the team tackles a question from our recent boot camp about different ways to implement Infinite Banking. Does it always have to be Whole Life Insurance, or can we use another product? Take a listen to see how Nelson thought about this, and how the Life Success & Legacy team coaches! We […]

The post Is Whole Life the only way to do IBC? appeared first on Life Success Legacy.

In this episode, the team revisits a question we answered many years ago, but with fresh takes and new perspectives. How long DO you have to pay premiums? Take a listen and let us help you get out of the ruts!

The post How long do I have to pay premiums? appeared first on Life Success Legacy.

In this episode we tackle a question that we get all the time, in many formats: What size of policy should I start with?! As you’ll learn, the short answer is, don’t worry about it! However, Mike Everett, Chris Bay and Michael Crawford dig a little deeper to give you insight on how to find […]

The post The Burning Question: What size policy to start with? appeared first on Life Success Legacy.

In this episode, we revist the Life Success & Legacy story. It has been several years since we did a deep dive into the history of LSL and how each of us joined the team. For those of you who’ve been around a while, this is a fun refresh. If you’re new, enjoy!

The post LSL Story – 2023 Updates appeared first on Life Success Legacy.

In this episode the team has the opportunity to answer a comment from a listener on YouTube! We love this stuff. Our team thrives on being open and transparent in our pursuit of financial freedom through Infinite Banking. Being skeptical is perfectly acceptable! In fact, all of us have had those moments of skepticism and […]

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In this episode, the team dives into a principle from Nelson we talk about all the time; think long range. We get asked a lot by clients how they can make thier system go faster, or how they can ramp it up, and it always comes back to thinking long range. Even as coaches we […]

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In this episode Chris has the honor of interviewing mother-daughter power team Winnie and Emaghea Lau. They have created a program called ‘Cash Smart for Life’ that helps parents teach their kids how to be financially independent! During the interview we learn the story behind the project, exciting news about the book being released in […]

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In this episode we take a look back and discuss things we might have done differently when we first started our Infinite Banking journey. Mike E, Chris and Mike C go into detail about their own plans, things they’ve learned and how it’s affected how we, as a team, coach our clients. Take a listen […]

The post Looking Back: Things we would have done different. appeared first on Life Success Legacy.

In this episose Chris has the opportunity to interview Haley Davidshofer! Haley has been an avid learner of IBC over the last several years. Her journey includes a different look at who to insure, the structure of said policies and how to better utilize the policies long term. She also has learned how to begin […]

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In this episode the team ponders the idea of taking a tax exemption vs getting multiple uses of every dollar. The thinking exercise focuses on 529’s and HSA’s. Everett will expound upon Willie Sutton’s law from Nelson’s book and use this as a reference when contemplating these tax exceptions. Put that all together and you […]

The post Take a tax break? Or get multiple uses of your dollar? appeared first on Life Success Legacy.

In this episode, we dive into a question that even we have asked! When does it get good? This can be asked in many different forms, and the team works to break down each angle and give our perspective. This is a fun one full of good information and laughter!

The post When Does it Get Good? appeared first on Life Success Legacy.

In this episode Chris and the Mike’s discuss skinny policy design. We get asked this question all the time, “Is there a way to make my policy grow faster on day one?” Typically, the solution for faster growth is to modify the policy design structure. Take a listen to see what the team thinks of […]

The post Our thoughts on Skinny Policy Design appeared first on Life Success Legacy.

In this episode, Mike Everett, Chris Bay and Michael Kwong discuss a question we get all the time; What’s the best type of policy for IBC? There is a lot of noise out there about this topic, and the Life Success & Legacy team is here to set the record straight. Take a listen and […]

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In this episode, we discuss a boot camp question that we get all the time; policy loan interest rates. Mike Everett, Chris Bay and Michael Crawford unpack this topic by giving more insight into how policy loans work and the role they play in the bigger picture of Infinite Banking. Take a listen, if you […]

The post Interest Rates and Picking an Insurance Company appeared first on Life Success Legacy.

In this episode, we discuss the question, “What about a contingency fund?” There are many reasons to need a contingency fund in life, that doesn’t change when you are using Infinite Banking! We discuss real life examples, some personal and some redacted client stories. This is where having a team of coaches with a wide […]

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In this episode, Chris has the honor of interviewing Taryn Souza! She is an awesome entrprenuer who found Life Success & Legacy through a coworker, Haley! Taryn isn’t an LSL client, but she is 100% invested in learning about Infinite Banking! Take a listen and hear her inspiring story and journey towards taking control of […]

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In this episode, Mike Everett, Chris Bay and Michael Crawford dive into a question we get somewhat regularly. What do we look for in an insurance company, especially as it pertains to Infinite Banking. We take the approach of answering this question from two angles; one as agents and two as clients. We don’t go […]

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In this episode, Mike Everett and Mike Kwong dive into their experiences from this years Think Tank! Kwong has never been and Everett has only missed two! This is a cool look behind the curtain of the Nelson Nash Institute annual Think Tank from the LSL team!

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In this episode Mike and Chris discuss a question we get all the time; what are insurance riders. Many of our clients, and potential clients, have heard of the Flexible Paid Up Additions (FPUA) rider, as it is an integral part of the Infinite Banking Process. However, are there others to consider, and if so […]

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In this episode Mike, Chris and Michael discuss the NNI Think Tank. What is it, who can attend and why do we go back. Take a listen to see how our team stays on the front end of Infinite Banking!

The post The Neslon Nash Institue Think Tank appeared first on Life Success Legacy.

In this episode Chris Bay and Mike Kwong, with support from Mike C, discuss their two books, ‘Family Banking with Purpose’ and ‘DIBS on Your Money!’. We dive into the books origins, how they fit with Nelsons BYOB and how they can be an integral part of your IBC journey. Enjoy!

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In this episode, Mike, Chris and Mike Kwong dive into another great boot camp question; external lines of credit. We talk a lot about Nelson’s five main principles, which include: Don’t do business with Banks. What did Nelson mean, do external lines of credit fall outside the parameters of the Infinite Banking Concept? Take a […]

The post External lines of credit. Are they good? Should I have them? appeared first on Life Success Legacy.

In this episode Mike, Chris and Michael discuss a real life application of the Infinite Banking Concept. We often get asked what practical ways you can apply IBC, other than debt reduction. We tackle ideas like: Using your system to hold and pay your taxes, or paying annually on a recurring expense, and more! Take […]

The post Applying IBC – Taxes, Recurring Expenses & More! appeared first on Life Success Legacy.

In this episode Chris interviews Mike Kwong about the release of his new book, ‘DIBS on Your Money’! They discuss everything from the inspiration for the book, how his daughter and wife contributed and the foundation for the book. This is a good one; take a listen!

The post DIBS on Your Money – Mike Kwong’s new book! appeared first on Life Success Legacy.

In this episode Mike, Chris and Michael discuss a couple of the interesting questions we fielded during the October Boot Camp. First, do you need debt to make IBC work? And, if I have a large pool of assets already, is IBC even necessary. We combined these questions since the approach to both answers goes […]

The post October Boot Camp Questions – A Deeper Dive appeared first on Life Success Legacy.

In this episode Mike, Chris and Michael discuss a question we get all the time. How does the process work for us when we design strategies as a team on Mondays. Many times people are surprised at the level of detail we go to in order to ensure the strategy is designed as precisely as […]

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In this episode Chris interveiws Mike Crawford, again. Four years after the original interview, Chris and Mike catch up on what has changed since that recording. The topics include, how Mike’s role has changed within LSL, family updates and policy design! This one is definitely worth a listen.

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In this episode, Mike Crawford interviews the newest team member of Life Success & Legacy, Mike Kwong. Many of you may already remember an interview Chris did with Mike and his wife Pei back in 2019. Since that interview, Mike has steadily become a more integral part of the LSL team and together Mike and […]

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In this episode Mike and Chris discuss the chapter in Nelson’s book titled, “What if I am uninsurable?” This is a super common question we get from clients and potential clients. This chapter discusses how you can still get an IBC plan going, even if you happen to be uninsurable. Listen as Mike and Chris […]

The post What if I am uninsurable? (The lost episode) appeared first on Life Success Legacy.

In this episode, Mike, Chris and Mike C go into detail about wind current. Many times at boot camps, or other events and coaching sessions, people point out how invested we are in turning the wind current. We discuss the reasons behind our passion for turning the wind current as well as discuss the tool […]

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In this episode Mike and Chris revisit policy loans. More specifically, they discuss the name and how it has caused confusion in the Infinite Banking world. Nelson’s chapter ‘Creating the Entity’ plays a big part of this podcast. Listen to see how the Life Success & Legacy team works to scrub the language and make […]

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In this episode Mike Everett, Chris Bay and Michael Crawford take a look back at where the podcast started and where it’s at, how IBC has changed in Everett’s 17+ years and our commitment to our clients and the principles Nelson left us.

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In this episode, Mike & Chris dive into another frequent question, Investments. But not the way you’re thinkinig of investments. Nelson starts off Becoming Your Own Banker by stating, “This book isn’t about investments of any kind… [but] it’s about how one finances the things of life…” right? However, the last half of that sentence […]

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In this episode Mike and Chris walk through another popular Boot Camp question; dividends. There are many different schools of thought on the topic of direct vs non-direct when it pertains to the dividends of your Infinite Banking policy. Throughout this episode, Mike and Chris refer to several sources, including Nelson himself, to ‘demystify’ dividends […]

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In this episode, Mike and Chris go over another very popular Boot Camp question; Where are the risks? Often times, when people begin exploring Infinite Banking, it seems ‘too good to be true’ at times. Thus, the question of risk immediately pops into our head! Take a listen to what Mike and Chris have to […]

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In this episode, Mike and Chris tackle another very common boot camp question. This one deals with multiple aspects of Infinite Banking, namely think long term. Because in order to see the benefits of franchising, you have to think beyond the first policy. Listen and let us know how you have or plan to implement […]

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In this episode, we tackle another boot camp question that comes up all the time, and has for years. Why isn’t Infinite Banking more popular, or why aren’t more people doing this? A few years ago, we addressed this question and now Mike and Chris are back to update our listeners. (Spoiler, the answers are […]

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As we embark on the next phase of the LSL podcast, we shift from Nelson’s Becoming Your Own Banker and begin diving deeper into questions that we get repeatedly at our live or virtual boot camps. The first one is how to get started! Becuase Infinite Banking is so vastly different than what we’ve been […]

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Our two year adventure of walking through Nelson Nash’s Becoming Your Own Banker is at an end. In this episode, Mike, Chris and Mike C go over the journey and talk a little about the books that have inspired them along their IBC journey! Below is a list of the books we mentioned! (in no […]

The post Wrapping Up – BYOB #39 appeared first on Life Success Legacy.

As we near the end of our book walk through Nelson’s Becoming Your Own Banker, Mike and Chris review the Points to Consider. There are seven topics that, in one page, Nelson imparts his wisdom. Listen as Mike and Chris expand upon this wisdom with a bit of their own!

The post Points to Consider – BYOB #38 appeared first on Life Success Legacy.

In this episode Mike and Chris dive into Nelson’s viewpoints on the monetary value of college. This isn’t a chapter that we spend a lot of time on, but it is a valuable chapter. Like most of Nelson’s book, this topic is intended to make you stretch your thinking and challenge the ‘status quo’. We […]

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In this episode Mike and Chris discuss an extremely important chapter, not only to Nelson, but to them as well. This chapter is where the inspiration for Chris Bay’s book Family Banking with Purpose came from. Take a listen to hear how it has shaped their Infinite Banking journey and how they have used this […]

The post Even Distribution of Classes – BYOB #36 appeared first on Life Success Legacy.

In this episode Mike & Chris tackle one of the biggest hurdles to many people truly understanding Infinite Banking; rates of return. In fact, Chris discusses his own struggles with this prior to his family diving into IBC. We believe that when this chapter begins to make sense, you are well on your way to […]

The post Higher Rate of Return – BYOB #35 appeared first on Life Success Legacy.

In this episode, Mike and Chris dive into the Cost of Acquisition. Nelson uses the anecdote from Lee Iacocca’s book ‘IACOCCA’ to explain how difficult, and costly, it can be to play the games of banks. This paints a perfect picture of why Infinite Banking provides ultimate autonomy to YOU the policy owner. Why you […]

The post The Cost of Acquisition – BYOB #34 appeared first on Life Success Legacy.

In this episode Mike and Chris talk in depth about Nelson’s feelings surrounding ‘retirement’. As we all know, Nelson had very strong opinions about several things in life, and this is no different. Take a listen to this longer-than-normal episode to learn what Mike and Chris take away from this chapter, and how it applies […]

The post The Retirement Trap – BYOB#33 appeared first on Life Success Legacy.

In this episode Mike and Chris dig into the capitalizing and implementing your system chapter. This is a transitional chapter from the more foundational and technical aspects of Infinite Banking into application and ways to stimulate your imagination. While this is only a one page chapter, there are several important things to consider. Nelson is […]

The post Capitalizing Your System and Implementation – BYOB #32 appeared first on Life Success Legacy.

In the last episode, Mike and Chris wrapped up the equipment financing section… almost. There were some that had concerns over the very high dividend scale from when the book was originally published. So Nelson decided to present a new illustration representing a more conservative dividend scale. Listen to see how the numbers turned out. […]

The post Equipment Financing – Addendum – BYOB #31 appeared first on Life Success Legacy.

In this fourth and final episode of the equipment financing section, Mike and Chris unpack the big picture of this section. It’s long, but 100% worth it. Remember it’s the Infinite Banking Concept, not the one size fits all concept. If you grasp this section, the possibilities are endless! Enjoy!

The post Equipment Financing – Part 4 – BYOB #30 appeared first on Life Success Legacy.

Mike and Chris continue working through the equipment financing section of Neslon’s Becoming Your Own Banker. This portion is where you truly begin to see the power of Infinite Banking and how it has nothing to do with the insurance policy, but has everything to do with the owner of the policy. If you’re hung […]

The post Equipment Financing – Part 3 – BYOB #29 appeared first on Life Success Legacy.

In this episode, Mike and Chris go deeper into the equipment financing chapter of the book. Which is beginning to transition away from the individual application of Infinite Banking into strategies suited for businesses. Join as Mike and Chris unpack this complex section of Nelson’s book.

The post Equipment Financing – Part 2 – BYOB#28 appeared first on Life Success Legacy.

In this #tbt podcast, Mike Crawford is the subject! We dive into the way he got introduced to Mike Everett, his immersion into Infinite Banking and the story of how he and his family are implementing IBC. We hope you enjoy this deep dive with another of our teammates! Mike Crawford interview transcript. Chris Bay: […]

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In this very special episode, Mike Crawford interviews author Chris Bay about his new book, ‘Family Banking with Purpose.’ In his book, Chris uses relatable circumstances that we have all been through. These scenarios can be used to help families implement Infinite Banking in their lives and create financial freedom. Pick up a Kindle copy […]

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Mike and Chris are digging in for this multi-part podcast on Equipment Financing. For those of you who wanted numbers, here it is. This chapter really starts unfolding the benefits of using Infinite Banking by providing multiple examples of the same situation. This episode is foundational, you may want to listen twice!

The post Equipment Financing – Part 1 – BYOB #27 appeared first on Life Success Legacy.

In this episode, Mike and Chris go into one of Nelson’s most intriguing chapters and, for that matter, opening sentences of a chapter. If you’re a veteran follower of the Infinite Banking Concept, you know what it is. For those who are new, you’ll have to listen to find out!

The post Expanding the System to Accommodate all Income – BYOB #26 appeared first on Life Success Legacy.

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 […]

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Mike and Chris work through the second half of this awesome chapter by going in to depth on Nelson’s vehicle purchase example. They drill down into the C/D method and the Infinite Banking method, since they are the only two ways to be ahead in the scenario. What might surprise you is the difference financially.

The post Start Building Your Own Banking System – Part 2 – BYOB #25 appeared first on Life Success Legacy.

In this episode, Mike and Chris dive into Nelsons chapter titled ‘How to Start Building Your Own Banking System.’ Part of Nelson’s brilliance is how he can bring high level economics down to the you and me level. This chapter is no different. He compares five methods for purchasing a vehicle, something we’ve all done. […]

The post Start Building Your Own Banking System – BYOB #24 appeared first on Life Success Legacy.

In the wrap up of the Create the Entity section, Mike and Chris discuss Universal and Variable Life in relationship to Infinite Banking. They talk about how Nelson felt about those products and the reasons why he had those opinions. Enjoy!

The post Create the Entity – Part 4 BYOB #23 appeared first on Life Success Legacy.

In the third part of Creating the Entity, Mike and Chris expand upon Nelson’s idea of having multiple policies to accomplish the long term goals of Infinite Banking. They also reiterate how Whole Life Insurance is misclassified. Pay close attention to this one. The principles are integral into the success of Infinite Banking and center […]

The post Creating the Entity – Part 3 BYOB #22 appeared first on Life Success Legacy.

Chris interviews Mike Everett in the first of our team interviews. We cover the gamut and think you’ll enjoy this #tbt post! Mike Everett Interview. Transcript Chris Bay: Welcome to the Life Success Legacy Podcast. My name is Chris Bay and I’m joined today with the founder of Life Success & Legacy, Mike Everett. Chris […]

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Mike and Chris pick up right where they left off and continue to the ins and outs of creating the entity. Nelson spends time explaining the classification of Whole Life, which he contends should have been called a ‘banking system with a death benefit thrown in for good measure’. Remember, we used to think that […]

The post Creating the Entity Part 2 – BYOB #21 appeared first on Life Success Legacy.

This next section will be a multi-part podcast on the idea of Creating the Entity. Mike and Chris take a dive into the world of Life Insurance Actuaries… yeah, we know you’re riveted. However, this is critical to understand, if we are to understand Whole Life Insurance, and how it is the best tool for […]

The post Creating the Entity – Part 1 BYOB #20 appeared first on Life Success Legacy.

In this #tbt podcast we review the question that we get all the time; is Infinite Banking a scam. The original podcast was released in February of 2018, and honestly, the question probably gets asked more now than back then. We all get so caught up into our current way of thinking, that when something […]

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This week would have been Nelson Nash’s 90th birthday and in this episode Mike and Chris pay homage to the man that impacted their lives so much. In fact, we know he left his mark on thousands of people. We hope you enjoy this short tribute.

The post Happy Birthday Nelson appeared first on Life Success Legacy.

In this #tbt podcast, Mike and Chris dive into something we hear all the time, that whole life insurance is a bad place to store your money. In fact, I bet you’ve either said it yourself, or heard someone make the claim. However, this is the absolute brilliance of Nelson Nash and his Infinite Banking […]

The post Whole Life Insurance is bad, right? appeared first on Life Success Legacy.

Nelson wrapped up the Human Problems section with a one page chapter on the topic of Use It or Lose It. Mike and Chris venture down into the main principle, EVA, or Economic Value Added. Which is the “recognition of the fact that your own capital has a cost, as well as that which has […]

The post Use It or Lose It – BYOB#19 appeared first on Life Success Legacy.

This weeks #tbt podcast was originally released January 4th, 2018. The sustainability of Infinite Banking has very little to do with the concept itself, but is a question about the insurance industry itself. I believe this question is rooted in the uncertainty of the federal reserve and our monetary system, and as a result, we […]

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Nelson states, “This phenomenon probable limited the achievements of mankind more than anything else. When this ‘thing’ infects us, we stop growing, stop learning. We turn off or tune out the ability to receive inspiration — because we ‘already know all there is to know.'” If that doesn’t make you stop and ponder for a […]

The post The Arrival Syndrome – BYOB #18 appeared first on Life Success Legacy.

In this #tbt post, Mike and Chris talk through a question we get all the time. Is Infinite Banking too good to be true? Honestly it’s a question most of us have asked too! Take a listen to this podcast, and we feel you will be pleasantly surprised that our goal is not to ‘prove’ […]

The post Is IBC Too Good To Be True? appeared first on Life Success Legacy.

In this #tbt episode Mike and Chris break down the reasons so many of us have never heard of Infinite Banking. Mike separates it into three main points: 1. Nelson didn’t write Becoming Your Own Banker until 2000. 2. There aren’t enough IBC practitioners. 3. Third, it takes time and energy to educate yourself about […]

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“Those who have the gold make the rules” – Nelson Nash. This episode of our book walk through Becoming Your Own Banker continues to reveal more truths about money. Mike and Chris unwrap The Golden Rule principle, and wow is there a lot to unpack. We think you’ll like this episode, but be prepared, it […]

The post The Golden Rule – BYOB #17 appeared first on Life Success Legacy.

In this #tbt we wrap up the Policy Design discussion by going into the details of what Nelson discovered. So many of us buy life insurance for just the death benefit and never think of the possibilities that lie within that contract. Mike continues to challenge us and asks which is more important to you […]

The post IBC Policy Design Part 2 appeared first on Life Success Legacy.

In this weeks #tbt, Mike and Chris go into more details about the types of life insurance, why most people buy life insurance, and how Nelson, through his own struggles, came to realize the true power of whole life insurance. This part 1 of policy design does really give context to how Infinite Banking works […]

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In this episode Mike and Chris dive into Willie Sutton’s Law. Nelson had a lot of well thought out opinions on things. So why does he follow up the Human Problems with a chapter about a notorious bank robber? Well, I will steal from Nelson (via Willie), “Wherever wealth is accumulated someone will try to […]

The post Willie Sutton’s Law – BYOB #16 appeared first on Life Success Legacy.

The first chapter of Section 2 is the Human Problems… Gulp. Nelson knew it was important to tackle this topic first, because we all struggle with these issues. The whole chapter is one page, but it’s a packed one page! Take a listen to how Mike and Chris dissect the human problems and even give […]

The post The Human Problems – BYOB #15 appeared first on Life Success Legacy.

This #tbt podcast is from August of 2017 and over three years later, it’s still one of the most asked questions. How do you actually get started in Infinite Banking? Listen to how Mike and Chris reframe the conversation and you might just realize that getting started is the easy part, it’s getting out of […]

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This #tbt is awesome. Mike and Chris dive into the heart of who we are. Why do we exist? “To inspire financial hope and freedom by revealing little-known truths about money while investing in trusting, long-term relationships.” That sentence is more than just our mission statement. Take a listen, you will not be disappointed! Original […]

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We are officially buttoning up Part 1 of Nelson’s Becoming Your Own Banker book review after thirteen AWESOME episodes… whew!! We’re having so much fun taking this deep dive into each chapter of this life changing book. In this episode, Mike and Chris go through the review on page 27 (5th edition) and start with […]

The post Review of Part 1 – BYOB #14 appeared first on Life Success Legacy.

This podcast is a wrap up of section one of Nelson Nash’s Becoming Your Own Banker. Mike and Chris highlight the chapters, review key points and sum up the information packed section. After you watch this one, go back and watch the other episodes in this chapter!

The post Section One Wrap Up – BYOB #13 appeared first on Life Success Legacy.

In this weeks #tbt podcast, we dive into the third pillar of Infinite Banking. It is probably something that all of us have pondered recently, considering the volatility of the markets with its roller coaster highs and lows. Yes, I am speaking of retirement. That formidable ambition that can keep us up at night wondering […]

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In this #tbt episode, we’re getting into the second pillar of Infinite Banking; How to Finance Everything! This is a critical aspect of Infinite Banking and it can uncover limitless possibilities. As Nelson used to say, this concept, and the ideas within are only limited by your brain. Listen to this early podcast and let […]

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Part 4 of this chapter, Creating Your Own Banking System, is amazing. There is so much crammed into this episode you may have to listen twice. So, sit back and enjoy as Mike and Chris dig deeper into the nitty gritty of life insurance, the need for protection and the idea of being insurance poor. […]

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In part three of this ultra packed chapter, Mike and Chris dive into the way insurance actuaries “overbuild” policies. They also discuss dividends. What are they? How do they work? And are they helpful when considering Infinite Banking?

The post Create Your Own Banking System Pt 3 – BYOB #11 appeared first on Life Success Legacy.

Today’s #tbt repost is the first of the four pillars of Infinite Banking. In the last #tbt we posted the short introduction to all four pillars, here, we dive in and get a more detailed look at exactly HOW Infinite Banking can help US take control of our finances. Learning to overcome the wind-current we […]

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In part two of Creating Your Own Banking System, we continue unpacking this dense chapter and helping you get the most out of all that Nelson is trying to teach us!

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In this #tbt we are reposting our second podcast titled The Four Pillars of Infinite Banking. We are adding the transcript as well, just as an extra way to dive into the content. Let us know what you think by adding a comment to the page! Chris Bay:Welcome to the Life Success & Legacy podcast. […]

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In this episode we begin discussing a very packed chapter of Nelson’s Becoming Your Own Banker… How to actually create your own banking system. This first part we touch on the idea that you finance everything you buy. Listen to what Nelson was getting at.

The post Create Your Own Banking System – BYOB #9 appeared first on Life Success Legacy.

In this episode Mike and Chris unpack Nelson’s chapter on creating a bank like the ones we already know. What does that even mean? How can we create a bank like the ones on the street corners? Take a listen and find out. It may just surprise you to find out how simple the process […]

The post Creating a bank like the ones we already know – BYOB #8 appeared first on Life Success Legacy.

In this podcast Mike and Chris discuss the problem from Nelson’s Becoming Your Own Banker. This can be a pivotal moment in the understanding of Infinite Banking. We all struggle with ‘the problem’, but as Mike and Nelson have said, “Do you want to get better?” Take a deep dive, we think you’ll enjoy it!

The post The Problem – BYOB #7 appeared first on Life Success Legacy.

In this episode of the Becoming Your Own Banker book walk, Mike and Chris discuss one of Nelson’s most important concepts, The Grocery Store. Pay close attention, this one is packed with a ton of information!

The post The Grocery Store – BYOB #6 appeared first on Life Success Legacy.

In this episode, Mike and Chris dive into one of Nelson’s most simple, yet complicated concepts; imagination. We can all get stuck in our old way of thinking and we must remember that the Infinite Banking Concept is, as Nelson would say, only limited by your imagination! Please enjoy this episode!

The post Imagination – BYOB #5 appeared first on Life Success Legacy.

In this episode Mike and Chris tackle Page 12 of Nelson’s Becoming Your Own Banker which is aptly named ‘How the Infinite Banking Concept got started’. Chris immediately points out one of Nelson’s often used phrases, “Hardship often helps us to see things to which we are normally blind.” This introduction to the birth of […]

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In this episode, Mike and Chris dive into the first official section of Nelson’s Becoming Your Own Banker titled, very fittingly, Becoming Your Own Banker. Ha! Unpacking this portion of the book is very important in understanding how Nelson chose to frame the conversation about Infinite Banking right from the beginning. Take a listen, we […]

The post Becoming Your Own Banker – Part 3 appeared first on Life Success Legacy.

In this second episode of our Becoming Your Own Banker walk-through, Chris and Mike finish up the very first section of the book. We spent extra time on this part, as we feel Nelson put a lot of gems in these first few pages of his book. We want to pay respect to his legacy […]

The post Becoming Your Own Banker Intro – Part 2 appeared first on Life Success Legacy.

In this episode Mike and Chris start a new journey. We are going to be taking a deep dive into Nelson Nash’s Becoming Your Own Banker, and we start with page 1! Our goal is to honor the book as well as Nelson himself. By taking the years of experience that Mike and Chris have, […]

The post Diving into Becoming Your Own Banker – Intro appeared first on Life Success Legacy.

In this episode Chris has the great opportunity to chat with Michael Hon! They discuss everything from Michael’s entrepreneurial background, his coming of age story, and even a little Infinite Banking! Please take a listen and make sure to check out all the things Mr Hon has been leaving his awesome mark on. Key Life […]

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In this episode Chris and Mike discuss the Convertible Term policy. What it is and if it’s even good! Take a listen and see if and how a properly structured Convertible Term policy could fit into your life insurance portfolio!

The post Convertible Term – What is it? Is it good? appeared first on Life Success Legacy.

In this episode Chris and Mike discuss life insurance premiums… Are they just another bill, or could you consider them a deposit into your own banking system? Listen to what Chris and Mike think and how that can be applied to your lives! If you would like to learn more, please contact us today!

The post Premiums – Bill or Deposit? appeared first on Life Success Legacy.

In this episode Chris and Mike answer one of our most commonly asked Boot Camp 2 questions. What if I get denied? How does the underwriting process and possible denial of coverage affect your Infinite Banking plan? Can you ever reapply for coverage? Listen to hear how Chris and Mike answer and see if it’s […]

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In this episode, Chris dives into the idea of ‘culture’ with Frank and Rachel who know a lot about it. Why? Well, that’s what they do! For a living… Tune in and see why this idea of culture is so important to not only your workplace, but also to those you may interact with in […]

The post Interview with the Keck’s Part 2 appeared first on Life Success Legacy.

Are you ready? In this episode, Chris interviews Frank and Rachel Keck and it’s awesome. They are longtime friends with the Bay’s and their excitement for Infinite Banking is real. This high energy interview is full of great info and we hope you enjoy it!

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In this episode, Chris has the opportunity to chat with Pei and Mike from Sugar Land Texas. What’s really cool about this, well beside the fact they are amazing people, they found us through this very podcast series! Take a listen and hear how they use IBC and what they do for their community.

The post Interview with Pei and Mike! appeared first on Life Success Legacy.

Chris interviews Scott and Jena Sales from Pella Iowa! They’re a great family with an awesome Infinite Banking story to tell. Take a listen and see what you can learn.

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This interview was recorded in August of 2018 and to date, it’s one of our favorite interviews. March of 2019, Gregg took his place in Heaven and we felt we should re-release his podcast. Chris Bay recorded a new short intro to the interview, which is a nice tribute and remembrance of Gregg. Take a […]

The post Gregg Hielema interview from August 30th, 2018 appeared first on Life Success Legacy.

In this episode, we take the interview international… Canada! We have the pleasure of chatting with the one and only Richard Canfield. He’s an IBC Practitioner, proud Canadian, and an all around great human; who we have the great honor to call friend. This one is a little longer than usual, but I can promise […]

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In this episode we have the privilege of interviewing Dr Eric Benson. He is a staunch supporter of Life Success & Legacy, an accomplished chiropractor and an all around great man. Chris dives into some of Dr Benson’s hobbies, passions and how he uses Infinite Banking in his life. He has some great knowledge and […]

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In this episode, Mike Crawford has the opportunity to interview Shawn Bay, Chris’s wife! She tells how they got started in their Infinite Banking journey and how it has completely changed the way their family thinks about and handles finances. We also get a little history about Shawn’s former life as a part of a […]

The post Shawn Bay tells her side of the IBC story. appeared first on Life Success Legacy.

In this episode, Chris has the opportunity to talk with Mary Jo about how she found Infinite Banking and created her book. Her passion for ranchers, farmers and Infinite Banking are apparent. Take a listen and check out her website and books. It’s worth your time. Click below to learn more about Mary Jo! Farming […]

The post Chat with Mary Jo Irmen appeared first on Life Success Legacy.

Listen as Mike and Chris dive into one of the most fascinating topics within the Infinite Banking Concept – Retirement. Nelson doesn’t even say the word, which makes sense, he is still working at 87! This one is worth a listen.

The post Is retirement a four letter word? appeared first on Life Success Legacy.

In this episode, Mike and Chris discuss one of the foundational aspects of Infinite Banking, capitalization. It can be one of the most powerful and scary aspects of IBC. Listen to learn how Mike and Chris had different approaches and how it might fit into your life with Infinite Banking.

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In this episode, we go a different direction. Mike and Chris discuss the ‘early years’ of Infinite Banking. We dive into how respected Nelson has been and continues to be as well as the influence he’s had on Mike Everett and the entire Life Success & Legacy team. Take a listen, I promise it’s worth […]

The post Respect of and for Nelson Nash appeared first on Life Success Legacy.

In part two of this two episode conversation, Chris continues the discussion with Kathy Tagenel, who is the Chief Marketing Officer for Burg Communications, and an all around great person. In this podcast, they get into the details of the Kolbe, of which Kathy is a certified trainer. Take a listen, it’s worth it! The […]

The post Chat with Kathy Tagenel Pt. 2 appeared first on Life Success Legacy.

In part one of this two episode conversation, Chris has the honor of interviewing Kathy Tagenel, who is the Chief Marketing Officer for Burg Communications, and an all around great person. She and Chris talk about her connection to The Go-Giver and IBC. The Go-Giver – Go here to get TONS of free resources surrounding The […]

The post Chat with Kathy Tagenel – Part 1 appeared first on Life Success Legacy.

In this episode we discuss one of the most unique aspects of the Infinite Banking Concept – investments or the lack there of. Chris and Mike discuss what Nelson is talking about on page three, second column, first sentence of the first full paragraph. “This book is not about investments of any kind. It is […]

The post It’s not about investments… appeared first on Life Success Legacy.

In this episode, Mike and Chris discuss why existing customers, and even spouses, return again and again to Boot Camps. What are they gaining? Is it just the free food?! Listen and find out, and then join us at our next Boot Camp to experience it for yourself. You won’t regret it!

The post Why are people returning to Boot Camps? appeared first on Life Success Legacy.

In this episode, we discuss a question that we hear all the time, “Do I have to be perfect?” Mike and Chris explain why it’s NOT necessary to be perfect and give personal examples on how each of us has not been perfect! It’s a great listen.

The post Do I have to be perfect? appeared first on Life Success Legacy.

In this episode, we interview Brandon Goswick and Nathan Dean out of Texas. They are associate agents of Life Success & Legacy, but their story and background is quite unique. Listen to learn about what they are doing with IBC both personally and professionally.

The post Brandon Goswick & Nathan Dean Chat appeared first on Life Success Legacy.

In this episode, Chris interviews Gregg Hielema. He has an incredible story to tell. It’s a little longer than our normal podcasts, but 100% worth the listen!

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In this episode, Chris and Mike discuss the idea of the Dream Manager. What it was born from and how we at Life Success & Legacy feel it can change how any sized business interacts with its employees.

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In this episode Mike and Chris talk about our associate agents and how we address the addition of new agents. Take a listen and check out other podcasts by subscribing!

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In this episode Chris and Mike dive into the changes that have happened in the last few years to the Life Success & Legacy team. It’s a great listen especially if you’re interested to know where we started and how we’ve grown!

The post Evolution of Life Success & Legacy appeared first on Life Success Legacy.

In this episode, Chris, Shelley and Mike Crawford (a little) discuss what makes up the client conversation. We dive into the process and even chat about the benefits it can provide outside of Infinite Banking! Be sure to check out our other episodes to learn more.

The post The Client Conversation appeared first on Life Success Legacy.

In this episode, Chris and Ron discuss how he got into IBC, the things he has done and plans to do with it, and how it has impacted his life in so many ways. You don’t want to miss this episode!

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In this episode Chris and Mike dive into one of the most exciting aspects of the Infinite Banking Concept, Family Banking. How do we keep OUR money moving through our familial unit! Check it out!

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In this episode, Mike and Chris discuss the origins of the Life Success & Legacy Boot Camps, how they’ve grown and what to expect. Listen in and then go to our Boot Camps page to join one near you!

The post What to expect from a Boot Camp appeared first on Life Success Legacy.

In this episode, Chris and Mike discuss a question we get asked all the time… “What about the interest?” You’ll hear why it doesn’t really matter, but why it requires a shift in your thinking!

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In this episode, we get to learn how Tod and Shelley became involved in the Infinite Banking Concept and how that excitement eventually turned into a career for Shelley!

The post Tod & Shelley Forbis tell their story appeared first on Life Success Legacy.

In this episode, we have a first time occurrence (though not the last!) interview of a person outside the Life Success & Legacy team! Dr Brain Heck is currently working through the process of becoming a client and wanted to tell his story.

The post Interview with Dr Brian Heck appeared first on Life Success Legacy.

In this episode Chris Gerriets tells us how he got into IBC, first as a client, then as a coach!

The post Chris Gerriets tells his story. appeared first on Life Success Legacy.

In this episode, Mike Crawford tells how he learned about the Infinite Banking Concept and describes how it has changed life.

The post Mike Crawford tells his story appeared first on Life Success Legacy.

In this episode we get to turn the tables on Chris Bay and hear how he got started with the Infinite Banking Concept. He tells us how, after much deliberation, he decided to leave a 22 year career to teach others about the power of IBC.

The post Chris Bay tells his story appeared first on Life Success Legacy.

In this podcast, Chris interviews Mike and we learn about how he was introduced to IBC and what those early years were like!

The post Mike Everett tells his story appeared first on Life Success Legacy.

In this episode Chris and Mike discuss the frequent question, “Is Infinite Banking a scam?” Take a listen and see for yourself why it’s definitely not a scam, and how it can help you take 100% control of your money!

The post Is Infinite Banking a scam? appeared first on Life Success Legacy.

In this episode, Mike and Chris discuss one of the most frequently asked questions, “Isn’t Whole Life Bad”. Take a listen to hear why we believe it’s the single best and safest place to store YOUR money!

The post Isn’t Whole Life a bad place to put my money? appeared first on Life Success Legacy.

In this episode we discuss the sustainability of the Infinite Banking Concept, to the insurance company, if everyone did it! Listen to learn a little about how insurance works!

The post Is Infinite Banking sustainable if everyone did it appeared first on Life Success Legacy.

In this episode Chris and Mike discuss a topic we hear all the time! Is this too good to be true? Have a listen and learn why Infinite Banking may be right for you!

The post Infinite Banking Sounds too good to be true! appeared first on Life Success Legacy.

In this episode Mike and Chris tackle a very frequently asked question. “Why haven’t I heard of Infinite Banking?” Listen to learn!

The post Why haven’t I heard about Infinite Banking? appeared first on Life Success Legacy.

In this episode, we continue our discussion of policy design and get into the details of how it’s done. Part 2 of 2.

The post Infinite Banking Concept Policy Design – 2 appeared first on Life Success Legacy.

In this episode, we dive into the types of life insurance, why whole life is the best for ‘banking’ and the basics of policy design. This is a two-part series.

The post Infinite Banking Concept Policy Design 1 appeared first on Life Success Legacy.

In this podcast, we discuss the ways in which anyone can get started in the Infinite Banking Concept. Chris and Mike talk through the types ‘activators’ that clients have used over the years.

The post How to get started in the Infinite Banking Concept appeared first on Life Success Legacy.

In this episode, we dive into how Life Success & Legacy has come to develop into what we are today. Learn how Mike and Chris created our mission statement – and more!

The post Who is Life Success & Legacy appeared first on Life Success Legacy.

In this episode, we discuss the fourth thing that Infinite Banking does, which is create tax free wealth transfer. How it works and why it matters.

The post Using IBC for Tax Free Wealth Transfer appeared first on Life Success Legacy.

In this episode, learn how to create tax free retirement income using the Infinite Banking Concept

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In this episode, we discuss how to use the Infinite Banking Concept to finance everything in your life. Buckle up, this is when it gets fun!

The post Learn how to finance everything in your life, using IBC appeared first on Life Success Legacy.

Rapidly eliminate debt while building wealth using Infinite Banking by Life Success & Legacy Team

The post Rapidly eliminate debt using Infinite Banking appeared first on Life Success Legacy.

In this second podcast, the Life Success & Legacy team breaks down the four pillars of the Infinite Banking Concept.

The post The four pillars of the Infinite Banking Concept appeared first on Life Success Legacy.

In this first podcast, the Life Success & Legacy team reveals how being introduced to the Infinite Banking Concept changed their lives and those around them.

The post Welcome to the Infinite Banking Concept appeared first on Life Success Legacy.