When to Start Your 2nd Infinite Banking Policy (Most People Get This Wrong!)

When to Start Your 2nd Infinite Banking Policy (Most People Get This Wrong!)
If you’ve been practicing IBC and wondering when to open Policy #2, this episode breaks it down for you. We cover Nelson Nash’s simple timing rule, the cash-flow signals that indicate when you’re ready, and family/business triggers (such as a new baby, new partner, or buy-sell needs). Then we get practical: daily IBC use cases (cellphone, turf project, consolidations), how I set repayment schedules, and why consolidation can simplify your system while keeping you honest. Chapters below. Drop your questions in the comments. Your question could be featured next.
00:42 Nelson’s timing rule
01:50 Cash-flow signals you’re ready
03:36 Family/business “new contract” triggers
05:22 Daily IBC example: cellphone (self-insure + repay)
08:55 Turf project: multi-policy loan + 12-mo repay
12:40 Consolidation strategy (one payment, clear rules)
16:55 “Honest banker” mindset (don’t steal the peas)
20:30 How often to borrow? How to repay?
23:35 When I’ll add my following policy & why

Book a Strategy Session to review your timing for Policy #2 - https://www.ascendantfinancial.com/should-you-book-a-call/

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In this video, we're answering questions about how the infinite banking concept works. We look at opening a new life insurance policy and using cash flow to be your own bank. Nelson Nash's teachings help you achieve financial freedom and utilize cash value effectively.

Don’t Spread the Wealth: www.dontspreadwealth.com
Cash Follows the Leader: www.cashfollows.com
Keep Taxes Away From Your Wealth: www.keeptaxesaway.com

This video answers subscriber questions about the Infinite Banking Concept, exploring common questions surrounding life insurance. Learn more about using cash value and policy loans, while understanding the importance of dividends in building wealth. This episode also addresses managing debt and increasing cash flow through your own 'bank'.