Episode 172-Sarry Ibrahim on How to Bank on Yourself-Building My Legacy with Lois Sonstegard, PHD

Share 0
Tweet 0
Share 0
Pin 0
Share 0
Tweet 0
Share 0
Pin 0

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/

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

If you enjoyed this episode, please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates.

And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the reviews we get.

Please leave a review right now.  Thanks for listening!

Mike Saunders, MBA

Mike Saunders is theAuthority Positioning Coach at Marketing Huddle, the author of Amazon Bestselling book Authority Selling™, Adjunct Marketing Professor at several Universities, contributor to The Huffington Post, and member of the Forbes Coaches Council – an invitation-only community for the World’s Most Influential Business Coaches.

Recent episodes from Mike Saunders, MBA (see all)

Lois Sonstegard, PhD

Working with business leaders for more than 30 years, Lois has learned the passion successful leaders have to leave a meaningful legacy. Lois is dedicated not only to developing leaders but to help them build a meaningful legacy.