Welcome to Episode 172 of Building My Legacy.
In this podcast we talk with Sarry Ibrahim, CEO and president of Financial Asset Protection, which approaches financing in a very different way. Sarry’s strategy is “bank on yourself” or the “infinite banking concept.” It involves using the cash value of whole life insurance to grow safe and predictable wealth. You become, in effect, the source of your own financing. Your credit score, real estate or business collateral doesn’t matter. All that’s important is a whole life policy that, when structured properly and with enough cash value, can provide financing at any time and for any reason.
If you typically rely on third-party lending to grow your business, you’ll want to know more about how this very different approach can offer a real competitive advantage to business owners and real estate investors — especially when banks are lending less money or tightening their loan requirements. It’s an excellent topic to explore as we all need to become more creative with our resources.
So if you want to know:
- Why third-party lending makes it seem that we’re working for the lenders
- How the “infinite banking concept” works, who can benefit from it and who can’t
- Why whole life insurance may not be a good investment but can be a smart savings strategy
- The tax advantages of “banking on yourself”
- The questions to ask when you’re looking for a broker who does infinite banking
About Sarry Ibrahim
The CEO and president of Financial Asset Protection, Sarry Ibrahim uses a financing strategy called “infinite banking” to help real estate investors, business owners and individuals create their own sources of financing while also growing safe and predictable wealth. With this strategy, you “bank on yourself” by using whole life insurance as your own source of financing. Recognizing that no one product is right for everyone, Sarry works closely with his clients to understand their current financial situation and where they want to be in the next five to 20 years. The name of his podcast — “Thinking Like a Bank” — reflects Sarry’s belief that good financial decisions require you to think like an entrepreneur rather than a consumer. He can be reached at his company website, finassetprotection.com
About Lois Sonstegard, PhD
Working with business leaders for more than 30 years, Lois has learned that successful leaders have a passion to leave a meaningful legacy. Leaders often ask: When does one begin to think about legacy? Is there a “best” approach? Is there a process or steps one should follow?
Lois is dedicated not only to developing leaders but to helping them build a meaningful legacy. Learn more about how Lois can help your organization with Leadership Consulting and Executive Coaching:
https://build2morrow.com/
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Mike Saunders, MBA
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