Infinite Banking 101 with Sarry Ibrahim

Published: July 5, 2022, 7 a.m.

b"Sarry Ibrahim founded Financial Asset Protection after learning about the Infinite Banking Concept (also known as the Bank On Yourself Concept). He saw this as an opportunity to save retirement accounts, real estate properties, and businesses from market failures and other risks. Sarry believes the number 1 rule to your money is to make sure it lives somewhere safe and accessible. Sarry is passionate about helping achieve their financial goals, and her mission is to provide her clients with sound advice and personalized guidance. If you\\u2019re interested in founding out how to build wealth without relying on Wall Street, this episode is a must-listen!\\n\\xa0\\n[00:01 - 06:30] Opening Segment\\nSarry discusses Infinite Banking strategyThis strategy allows people to grow their wealth outside of the control of banks and the stock market\\nIt involves investing real estate, which is a reliable and tax-free way to do so\\n\\nThe strategy is also beneficial because it offers a predictable and guaranteed return, as well as the ability to avoid taxes\\n\\xa0\\n[06:31 - 19:39] Infinite Possibilities with Infinite Banking\\nSarry discusses how universal life insurance is a combination of term and whole life insurance, with the benefits of both types of insurance\\nIt has a start date and an end date, but it can also have cash value within it\\nHe discusses how insurance companies offer guarantees on both the guaranteed return (cash value growth) and the non-guaranteed side (dividends)\\nThe term life insurance policies are cheaper than whole life policies, and can be purchased for a lower monthly cost\\nHe says that infinite banking is a strategy that can be good for somebody who has a growth mindset and wants to take a different approach with their money\\n\\xa0\\n[19:40 - 25:56] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at www.escapingwallstreet.com\\xa0\\nWhat is the best investment you've ever made other than your education?Sarry says the best investment that he made when he first became self-employed where he hired a life coach. It taught him how to think differently about being an entrepreneur and believing in himself\\n\\nWhat is the worst investment you\\u2019ve ever made?Sarry says that the worst investment that he made was investing in Bitcoin\\n\\nWhat is the most important lesson that you've learned in business and investing?Sarry says that the important lesson that he made was surrounding yourself with the right people\\n\\n\\xa0\\nSarry can be reached directly at sarry@finassetprotection.com, subscribe to his podcast: \\u201cThinking Like a Bank\\u201d or by scheduling an appointment here: https://calendly.com/financialservicesins\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cIt's important to think of like having at least one place where you can accumulate wealth. That's not going to be affected by anything that goes on.\\u201d \\u2013 Sarry Ibrahim\\n\\u201cEntrepreneurs and people with growth mindset would look at that and be like, that 1% a year difference or 1% a month difference in my personal development, and the way I view life, and the way I view my business and the way I view mining could make a dramatic difference.\\u201d - Sarry Ibrahim\\n\\u201cSurround yourself with the right people. Ev"