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[Music] get rich education is brought to you by valhalla wealth and ridge lending group you're listening to the show that has created more passive income for people than nearly any show in the world this is the powerful get rich education welcome to gre get rich education episode 167 i'm your host keith weinhold and today we're talking about building your wealth through the infinite banking concept with our guest m.c loudshirt but first yes luke skywalker is back on the big screen and that's pretty cool but the bigger news is that it's the holiday season and you know what during this season of giving that we're in i want to tell you that you are already doing more giving to others than you even knew that you were just consider the investor properties that you've bought this year just look back for a moment yeah when you go out and do that okay you've got the intent of a profiteer but at the same time you're being more altruistic than you think you've bought property that's been renovated by a provider in that local market well now you're the one effectively providing clean safe affordable and functional housing to a tenant you as the investor are really one of the last key pieces in taking that property from what i like to call curb appalling to curb appealing besides just providing the tenant family with a place to live think about how you've provided support for all of those rehabbers and all of those subcontractors along the way you are supporting plumbing companies and electricians and carpenters and you're also supporting manufacturing companies the suppliers of materials from concrete to steel making to lumber companies to companies that make roofing materials and as an investor you're also supporting jobs and incomes for your chosen housing inspector company and all the title company staff in your mortgage loan officer staff and then ongoing support over the years for your property management company while they're helping you secure your income stream for you over time so not only are you helping your personal economy but you support an incredible amount of supply chain and labor infrastructure that you might not even think about in this season of giving you might already be more giving than you think a larger picture way that you're giving that you might not be thinking about is that when you provide sound rental housing for others you are enabling a society to actually be more mobile rental housing caters to mobility especially when we're thinking about the united states okay one reason the united states is prosperous is because we're a highly mobile society and more mobility that makes for a more productive economy because you see now labor can be matched up with opportunity now talent can be messed up with opportunity when talent is mobile and it can be paired up in the same geography as where that opportunity exists well now that's where productivity occurs to give you an example of what i mean in so many of the world's less prosperous countries people live in the same home for decade after decade or really even generations it just doesn't typically work that way in the united states we are more mobile my wife is filipina when my wife and i travel to the philippines and we visit the home where she grew up we travel out to tarlock province and kind of find our way back this dirt road sort of an alleyway really to her family home and boy it's a really simple place when you're inside the home you're kind of looking at exposed concrete masonry for walls and there's no air conditioning and most of the family just kind of then takes up employment with whatever local tasks that there are to do there it's kind of nice in a way i've got to admit it is kind of quaint and nice to sort of reminisce that that's the same tract of land in that neighborhood that her family has owned for generations there's a giant tamarind tree there in the yard and we picked the fruit from it and it's the same yard and it was planted there in that spot by her great-grandfather or whatever generations earlier so we don't so much live like that in the united states much of the world doesn't live in a society as progressive and as mobile as we do in the united states so as an investor in income property you help enable mobility which creates the very society that you prosper from and i guess it sounds a little cheesy to say it but you really are healing america one home at a time and one neighborhood at a time when you're helping support these rehabilitated properties and you know sometimes it's pretty interesting to look at the google street view image of what your newly bought turnkey property looked like three years ago and it makes it easier to realize that vital role that you take in the good that you're doing so as a real estate investor you really are making a substantial difference in the lives of families neighborhoods societies and the economy so this holiday season be grateful that you are already more of a giver than you think that you are well you've probably heard of the infinite banking concept it is quite a popular wealth creation vehicle among real estate investors but it's got a lot of moving parts so to fully understand it you need to watch a longer presentation so today we're just going to cover some of the highlights for you as to why it is such a widely embraced concept and something that you might want to consider and just like you probably do i like concrete examples to help facilitate understanding so i will at least ask our guest whom is an absolute expert on infinite banking i'll ask him how exactly your dollar would be treated if you stored it inside this concept to help you get your mind around it that's right after this you're listening to get rich education cash flow real estate investors if you're looking for a mortgage loan with a company that specializes in investment property loans it's ridge lending group they provide income property loans in almost every u.s state ridge has worked with tens of thousands of investors and homeowners all over the country in fact with ethics and transparency they've helped more people realize their dreams through real estate investing than any other mortgage lender in the country get started at ridgelandinggroup.com m.c loupshore is the host of the top-rated business and investing podcast cash flow ninja and also the president and chief wealth strategist of valhalla wealth they help busy people build wealth outside of wall street by strategically combining their clients cash flow statements with the financial vehicle of the wealthy according to the infinite banking concept if you are interested to learn how to perpetually multiply your wealth you can access an exclusive webinar at your own banking system dot com [Music] this is the millionaire minds t harvick you're listening to the powerful get rich education with keith weinhold don't quit your daydream today's guest is a wealth architect and strategist educator and he's a financial freedom fighter he's the president and ceo of valhalla wealth financial and hosts the popular podcast cash flow ninja he helps people eliminate the control of banks and financial institutions and challenge existing societal belief systems and just all this misinformation around money saving investing wealth and retirement welcome to get rich education m.c loudshirt thank you so much for having me on keith uh excited to be on your show and i'm honored to be here share a bit of your background with us first keith i'm originally from south africa so i came to the united states in 2001 with a backpack one suitcase a sense of humor and a sense of adventure and i grew up in a pretty historic time period in south africa's history in 1991 president nelson mandela was released from prison in 1994 he became the first democratically elected president in that country so it really impacted the way that i view the world and my approaches to everything that i do and then when i got to the united states i started playing rugby actually in a city-based national rugby league and on traveling for uh sports i came across this little purple book called rich dad poor dad and that's kind of where that journey started for me i learned everything i could about investing real estate creating wealth and building wealth and uh during that time i kind of fell into a mentor and i say i fell into because i i'm honest uh to admit that i didn't know that was what you were supposed to do at that stage right and i learned everything in the real estate industry um they were investing in a lot of very large multi-family unit apartment buildings in the city of chicago so learn the real estate business from the ground up with them starting basically performing maintenance for them to eventually doing property management held a real estate brokerage license which i looked at acquisitions what they buy what they sell how they buy which properties they held on to which ones they let go and sold so really really learned a lot about not only real estate investing but wealth building and that took me in several different directions but currently as you mentioned i am the president ceo of valhalla wealth we help busy people like entrepreneurs and investors grow their wealth outside of wall street uh we combine asset classes and a really holistic approach to give our clients control over predictable systems and processes to help them collapse time in their wealth plan and achieve results that take most people 30 to 40 years and then i'm also the creator and host of the cashflow ninja podcast where i interview cashflow ninjas on how to create income streams from real estate businesses commodities paper assets and also digital assets like crypto and distributed ledger technologies also known as as blockchain so guest that i've had on there has been robert kiyosaki kevin harrington jim rogers and also bitcoin billionaire roger veer yeah well that's great and you mentioned robert kiyosaki in the influence of that little purple book that you read after you had moved to the united states where's dad poor dad and it's amazing mc sometimes i don't think we can even go one month on this show without some mention of that book but i absolutely love it because it's been so influential today with vol wealth you meet with so many prospective clients and people and families and even a lot of professionals that are very good at what they do and they might be highly educated in their own discipline whether that's engineering or whatever it happens to be what are some of the main reasons really that you see people struggle financially even people with a high degree of formal educational attainment a lot of them struggle financially because not only did they not have any real class on money from kindergarten to 12th grade you might have a business class but you don't really have it on how you personally handle money personal finance you also don't get that personal finance course in college and then when you get out in the working world your employer sure isn't going to tell you about it either so so many people struggle financially what are some of the commonalities that you see among all the people that you deal with of valhalla wealth you really hit the nail on the head there with our education system because it truly doesn't prepare people for the new economy in the information age and doesn't really teach us anything about money it's truly a prussian school a system model that worked in the industrial age since it produces workers and employees and also obedient and patriotic soldiers and we're just no longer in a jobs economy also we have a skills economy and we compete in a constantly rapidly changing environment so they don't teach anything about the most important things in life right health relationships and money in school to prepare and then some of the other things too as you mentioned there's a lot of very educated folks that struggle financially because not only are they not taught anything about money but the current financial planning model is unproven and is really designed to enrich wall street it's based on the accumulation model not cash flow it's also based on a model which outsources the wealth management in your life to someone else so you're really taking a lot of your control away from your own life by doing that and i've touched on the rapidly changing environment i think that is also one thing that i see why they struggle is because they're not cognizant of this rapidly changing environment around us and we just have to take a look here in the united states where we're at we're extremely indebted as a nation states are broke municipalities are broke there is a ton of other problems with social security medicare and so forth and then there's uh you know there's other issues uh such as huge trends the baby boomer trend uh going into their retirement year so a lot of different factors and a lot of things play into that but i think the rapidly changing environment really really plays into why a lot of people struggle combined with the lack of financial education i like the way that you said something a lot of people outsource their financial control to somebody else rather than seizing it themselves and a lot of people just don't realize that they can seize it themselves and a lot of people well educated professionals again just don't know what they don't know five years ago i was still an employee in the working world and i had a lot of my employees that knew i had a great interest and i was receiving this passive income from real estate investing so one of the people i invited my co-worker in that work a day job to a real estate investor meeting that evening he had his master's degree in engineering and he had his pe his professional engineering license very well educated guy very sharp guy and his main takeaway from that investor meeting is oh i never really thought about the fact that real estate could pay you income every month i just thought about the fact that it either goes up or goes down in value if only a small group of people have figured it out and are building wealth in any economy why are we following the advice that the majority of people are following that are struggling financially so we've mentioned robert kiyosaki he always talks about be careful of your teachers and your mentors and you know there's still this paradigm of the millionaire next door but we know that the millionaire next door really doesn't exist anymore it's a cash flow millionaires that are thriving in in this new economy but i think from a philosophical approach to creating and building wealth is there's a couple of things that we teach and the first thing is that you're the greatest and biggest asset that you will ever have in your life you're the creator of all assets and income streams in your life so to be able to increase this asset and the value of this asset to be able to create value for others is just super super key in this new economy we're all unique we have different backgrounds we have different stories we all have something that we're great at you know a so-called stupid human trick right right something that just comes naturally to us so i think that's one thing that we we completely lose sight of when we plan for wealth so the other thing that we look at is when it comes to wealth we have to understand and be very clear what it is that we want because if we don't know what we want it's very difficult to create a plan that's going to get you there so be very very clear on your vision be very very specific and clear on exactly what you want it might be a number a cash flow number and then the second thing that ties into that is why why does that matter why does it matter that you want that and then the third question you have to ask yourself is who do i need to become tying back into your greatest asset to be able to achieve this because you have to put that at the forefront of your wealth plan which is you you can't escape it right my philosophy is not to hand over money to someone else and outsource wealth management as as we touched upon so once we've established kind of that then you can bring in people to help you a team of a players and all-stars and and all the areas that you need like tax strategists and so f rth that this is kind of their speciality and their special high income skill set possibly their even their stupid human trick as i mentioned all right and they can help you build processes and systems to help you implement and execute this plan to get you to exactly where you want to go so i just want to say again remember you're at the forefront of this you're still the leader you're in control and you're always in control of these systems and processes your best investment is you and you are entirely up to you so yeah philosophically i mean that's one thing but what are some actionable strategies and tactics that you utilize within wealth planning as a wealth architect yeah some of the actionable stuff where to start right is the first thing is we have to look at kind of uh the wall formula one wealth formula that a mentor shared with me is uh the basically the equation for financial capital is to combine our mental capital with our relationship capital and that brings the financial capital into our life and the goal is then to convert that financial capital into cash flow and that's kind of where we kind of back reverse engineer this process so you start with that cash flow goal in mind and let's just say you know it's a lot of people talk about a freedom number and let's just say it's ten thousand dollars a month which is about a hundred and twenty thousand dollars a year then we can kind of look at what is our strengths what are the things that we're passionate about what is aligned with our high income skill sets and where can we get a certain return right so let's just hypothetically say we can get a 12 cash on cash return on a certain investment we could work it backwards then and say well you're probably gonna have to need around about a million dollars at work to get that 120 000 of cash flow per year looking at that return so if you look at the vehicle and let's just say you choose real estate and you know let's just say we use turnkey real estate then we could say you know hypothetically let's say we could buy 10 properties for 100 000 each well now we've achieved that goal if they're paid off but there's a there's another variable we have to consider and that's time so how do we reduce and collapse that time in our plan to accomplish that results and the outcome what we wanted so again that's the still the accumulation approach was how long would it take me to accumulate that one million dollars right which traditional conventional planning is based on to eventually pay off their 10 homes have that cash flow coming in and when we look at the cash flow model the questions that we should ask ourselves is how do we accelerate this what are some of the wealth accelerators how do i develop cash flow put it at work create more cash flow invest it and some of the strategies we talk about is wealth capture because money flows through our personal economy every day every minute right how can we capture that commercial banks do in this pool of money they have the second wealth accelerator is leverage how do we leverage the money that we've captured and the third one that i like to talk about is dollar maximization how do we position every dollar in our personal economy to do more than one job simultaneously and that brings into the fourth level which is compound and multiply how do we position ourselves and our assets that we have right now along with our skill sets and be able to position it for maximum efficiency and have all these wealth accelerators and levers work for us so a lot of the plans that we structure have systems for liquidity income and growth i just touched on the systems and processes that your your team of a players help you build so some of the things that we teach as part of our liquidity we use high cash value life insurance specifically structured whole life insurance vehicle according to the infinite banking concept with mutual insurance companies then we leverage the cash values to use in our income system where we invest in asset clauses such as real estate in that and then we also have after these two systems have been established a liquidity system a income system we can establish a growth system where we look at how to really growth and multiply it and there's different vehicles that we use for that as well but i think that the big takeaway here is to really really start at a point and really start breaking it down because uh if you can break down the steps and put that plan together you're going to have a much clearer picture of exactly it is where you want to go yeah well you brought up a few of my favorite words there mc one of them is leverage you know as investors out there and we're being growth oriented we often think about okay now how can i get enough liquidity stored up so that i can go ahead and buy my next you mentioned turkey property we'll just say turnkey property but you know another question that people need to ask themselves that they don't often think of rather than just accumulating that next liquidity ball is what can i currently do with the resources that i have now to go ahead and leverage those for example one thing is i talk about equity that you currently have in your properties and it's illiquid and it's unsafe and its rate of return is already zero so you might think of doing an equity transfer and you mentioned something else that you can go ahead and name as a resource that someone can use that they might already have and they're just not utilizing their existing liquidity and they're just not harnessing the power of it enough and that's the infinite banking concept strategy that you utilize for investing in business and assets as something that can produce income streams so just share a bit more with us about that this structured whole life insurance policy that you touched on yeah keith it's a very specifically designed insurance vehicle with whole life insurance this is not your average whole life insurance out there it's also called high cash value life insurance cash flow banking is where it's it's out there to family banking and basically what it is it's a specifically structured insurance vehicle that maximizes the cash value again to that liquidity part and system of your plan and if it's done and it's structured correctly it's going to give you control and cash flow in it a liquidity as we mentioned there's guarantees on principles and growth there's dividends with these mutual insurance carriers and the growth inside there is tax-free you know the biggest wealth destroyer that's out there is taxes and our philosophy is please pay all your taxes right we don't want to take good pictures and orange jumpsuits of you but pay your taxes on the seed not the harvest and you don't have to leave uncle sam a tip and then it is a private asset provides asset protection in many states that is out there there's a lot of flexibility with this but i think the most important part of this strategy is that as i mentioned it captures your wealth just as like you can do with with real estate and it allows you to then leverage it so this is a great vehicle to do that and utilize the strategy in because you can access your cash value through a policy loan from the insurance company so it's not that you draw down an account as you do with other qualified retirement plans but dovetailing this as your liquidity with income such as real estate is extremely extremely powerful because it truly is two asset clauses that maximizes the positioning of your overall wealth to protect against wealth destroyers it provides cash flow in both of these vehicles there's equity appreciation in both of them it allows you controlled a leverage and if done correctly there's an inflation hedge so i always chuckle as i mentioned i had a real estate brokerage license at one stage and when i started learning both industries and both vehicles i just started chuckling because you know keith that the tax code is really a blueprint of how to build wealth sure and uh some of the similarities that i saw in the east for instance you know real estate there's a 1031 exchange and insurance is a 1035 exchange and and so forth it was very very very intriguing so i think the big takeaway for your listeners with regards to the strategy is that you have to set up a liquidity money has to reside somewhere i don't trust the banks and a place that provides guarantees tax-free growth and then to be able to leverage that and utilize that in your income system that provides income streams okay so just breaking it down to the really simple here let me give you an example if one of us were to go ahead and accumulate liquidity in this structured whole life insurance policy through the infinite banking concept and like you mentioned mc it does need to be set up correctly it needs to be structured a certain way so say me as an investor if i want to go ahead and purchase my next turnkey property and i'm trying to accumulate twenty thousand dollars for a down payment well what i might currently do is go ahead and siphon off one thousand dollars from my paycheck every month into my bank of america checking account or into my wells fargo savings account so rather than putting that one thousand dollars per month there instead we're putting this into the cash value of a structured whole life insurance policy that's in our name and it resides there rather than earning next to nothing in the banks what kind of a rate of return could we expect in this example where i'm contributing one thousand dollars per month into this policy yeah and that's a great question and the rate of return at certain stages is different because there is a loading phase as we call it in there because there are insurance costs initially but some of the dividends of these mutual insurance companies have been around for almost 200 years ranges around six to seven percent now i've touched upon dollar maximization as well so this is one thing that this allows you to do as well instead of putting your money into bank of america where you become part of someone else's banking system and the money really truly is just doing only one job for you at that stage accumulating directing it into a vehicle such as this it's doing many many more jobs as simultaneously so as i've mentioned just as in real estate there's cash flow there's definitely a better return than you what you can get in the bank this is money that you can access at any time it's tax free growth so there's no 1099s to worry about yeah and there's guarantees on the growth and the dividends that you get as part of that so that's why i like this vehicle as part of an overall strategy and that's one thing that i would i would say to your listeners is we have to look at wealth and wealth strategies as part of systems and processes so we tend to be very very product focused and just look at different products individually the real power comes not just from the way that this is structured or the the real estate but the combination of both of them which allows you to control two assets simultaneously and then i mentioned reduce the time that it'll take that because of the control that you have in redirecting cash flows into your own money system let's just talk some more about the real benefit here just sort of sticking with this example say i put one thousand dollars per month in for quite a long period of time and it's also getting the benefit of a six to seven percent interest rate accumulation say i accumulate sixty thousand dollars there over a period of years from what i've learned is you can't quite get access to all one hundred percent of the cash value at any moment but maybe up to 80 90 percent so say that way i could go ahead and pull 50 000 out of this structured whole life policy through the infinite banking concept with that 50k what i can do is i've kind of pulled that money out of my account so i can go ahead and buy some property with it or whatever so now i have that fifty thousand dollars out there probably leveraged probably cash flowing probably getting a lot of the benefits that real estate investors have with that 50k however that 50k and you sort of touched on it we have the ability to make this work two places at the same time even though in a sense i've kind of taken the money out of my policy and i had that fifty thousand dollars working in real estate i've really just borrowed against it and i still have the fifty thousand dollars inside the policy earning six to seven percent interest for me because i've more or so borrowed against it than i have gone ahead and extracting it out of there so therefore say i get a 12 return from the real estate which is pretty conservative but i know you mentioned twelve percent before now because i have this fifty thousand dollars working for me two places at the same time i have it getting twelve percent return from real estate and a six to seven percent return from the policy so now i have an 18 to 19 return and basically i've just created arbitrage for myself a tailwind in my investing life i've created a six to seven percent arbitrage above and beyond whatever i've invested that money in because i've just borrowed against that cash value in the policy yeah and the arbitrage too is that there is an interest rate that you would pay to access this money so that's five percent so what banks are doing and i love what you touched on earlier about leveraging our own assets and then combining it with the assets of other people which is exactly what you're doing here in your example so the banking model usually the same thing they take deposits they pay out almost nothing but there's some value to having a bank account and then they take the money and they borrow that out the arbitrage that they're doing is what they're paying for that money that they're getting in and then leveraging out so that side of the arbitrage too is something that i'm looking at and personally it's made me a better investor because i'm looking at five percent which there's a cost to money regardless of where your money resides right even if it's under your mattress so i know that it's gonna cost me five percent so it makes me a very very diligent and very disciplined investor to look at other vehicle closets and assets because i am looking at that arbitrage between the five percent and using this example the 12 as well and then my money as you've mentioned is on the other side of this quote-unquote system liquid growing tax-free so it does do a lot of different things simultaneously as a solid foundation for this overall wealth plan that we have and and part of my liquidity system so in the example that i gave did i just happen to mention everything correctly except for the five percent interest that you're paying when you've borrowed against the cash value of your policy yes you've summarized it pretty well that you're borrowing at five percent to access that money and the other thing that i that it would also say this might be a first question that folks had why would insurance companies do this and insurance companies are very very well run and very very profitable that's why warren buffett loves them and owns a lot of insurance companies they are guaranteed to get the payback of that because there's a death benefit and there's also the cash value so basically they're protected two ways of that loan that they're extending to you for the investment and then you get to leverage it at five percent sure we're talking about some of the most durable companies here perhaps in america's history these mutual insurance companies that have been around for a couple of hundred years that's who you're dealing with for these infinite banking policies absolutely uh banner a lot of them have been around since the mid 1800s they have weathered recessions market crashes depressions even during the lost financial crisis it is just quite intriguing to see how they performed and a lot of them they did not even bet an eyelid they've gone on they have millions and some of them billions of dollars in excess reserves on their books and we're talking about mutual insurance companies here specifically they're not listed on the stock exchanges the shareholders of a mutual insurance company is the policyholders so it truly takes you ack to the foundational routes and value that with the establishment of insurance companies in communities initially well there sure are a lot of mechanics and details around the infinite banking concept there's just no way that we could cover them all in one show but are there just any sort of final takeaways that someone ought to know if they're thinking about accelerating their growth through the infinite banking concept yeah i would say that it has to one of the big threats is it has to be set up correctly so there are practitioners and really good groups out there infinite banking practitioners authorized infinite ranking practitioners across the country and there's different groups that can set these up make sure that you find the correct professional to help you set it up with the correct company because those are two of the big things that will have the strategy not work for you and then just some of the biggest takeaways that i would leave your listeners with as well as remember as you talked to about keith as well you're still your greatest and biggest asset the strategies that you bring in you're in control of it and the systems and processes that these professionals will set up for you you're still the leader of this in your life in achieving financial freedom yeah and i think basically the younger that you are the more it's going to help you although this can help an investor at any age what should a person do if they want to find out more about the infinite banking concept keith there's a presentation that they can access that i did for your listeners at your own banking system.com it's your own banking system.com i cover a lot there in a lot more detail and i give a lot more of specific examples of how to utilize it so that might be something that they want to look at and there's also a course with a link on that page that they can access and if they want to further educate themselves on the concept and having something like this as part of their system yeah i really recommend checking that out it is a powerful concept but it takes a little bit of time for you to wrap your head around that so leverage is doing more with less and leverage is also doing more with what you've already got m.c loudshirt thanks so much for coming out of the show thank you so much for having me keith [Music] so really the big advantages to the infinite banking concept are that you have immediate liquidity you have tax-free growth and you have the ability to leverage and use the funds in combination with other asset classes if you're untrusting of governments and banks and you want to control your own bank well this is how you can do that it's a place to warehouse your wealth inside institutions that have a solid track record for almost 200 years and they've survived market crashes recessions depressions and the last financial crisis we've seen a lot of recent examples of banks doing shady stuff so if you're just fed up with them and you don't like them this is also a way for you to stop giving them your business remember like i discussed at the beginning of the show this holiday season as a real estate investor be grateful because you are already even more giving than you possibly knew special thanks to today's guest m.c laubscher i'm keith weinhold and i am here every week to help you build your wealth until next time don't quit your daydream nothing on this show should be considered specific personal or professional advice please consult an appropriate tax legal real estate financial or business professional for individualized advice opinions of guests on their own information is not guaranteed all investment strategies have the potential for profit or loss the host is operating on behalf of get rich education llc exclusively ranked by forbes is one of the fastest growing cities orlando florida has a big and diverse economy yet still features affordable rental properties that cash flow our boots on the ground turnkey provider greg bond wrote a special report to help you discover the amazing market of orlando request your free copy today visit getricheducation.com forward slash orlando that's getricheducation.com forward slash orlando the preceding program was brought to you by your home for wealth building getricheducation.com you