How to Stop Relying on Banks, Cut Taxes, and Control Your Wealth Like the Rich | Jayson Lowe

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Speaker 6 When your company works with PNC's corporate banking, you'll gain a smart and steady foundation to help you carry out all your bold ideas.

Speaker 9 But while your business might not be shaky, you might still experience shakiness in other ways. You might be outbid on the perfect summer house.

Speaker 12 Your kid might not attend your alma mater, or your yacht might be jostled by stormy waters.

Speaker 10 No amount of responsible banking can prevent these things, except maybe the yacht.

Speaker 14 Because we tell you boats are generally a bad investment.

Speaker 15 PNC Bank, brilliantly boring since 1865.

Speaker 6 The PNC Financial Services Group Inc., all rights reserved.

Speaker 16 When you implement the infinite banking concept and you do it the way that my late mentor

Speaker 16 intended, and you make it ridiculously simple and you don't sensationalize it, you become all four characters in the financial play. You're the depositor, you pay premium.
You're the borrower.

Speaker 16 You're the one accessing policy loans. You're the banker because you control the repayment schedule.
That's money on demand on your terms. You're the banker.
Yep.

Speaker 16 You're the bank owner because because when the insurance company produces a divisible surplus called positive net income, that divisible surplus must be distributed to the owners of the company.

Speaker 16 And in this case, we're dealing with a mutual life insurance company. There are no stockholders to participate in that.
So when you become all four characters in the financial play,

Speaker 16 what a peaceful, stress-free way of life that is financially. Yeah.

Speaker 16 Right. And it's not, Nelson, he never said, hey, I want you to be the bank.
He didn't want anybody to become a bank in the conventional sense of the word.

Speaker 16 He wants you to control the banking function as it relates to your needs because someone must do that.

Speaker 16 What is up, the Science of Flipping Family? I am back with another incredible guest.

Speaker 16 For us real estate investors, what Jason Lowe has to say on this episode is going to be incredibly impactful because you need to control your money.

Speaker 16 You need to know how to borrow money and you need to know how to invest your money. Best of all, you need to understand how to not pay taxes.
Jason Lowe, Ascendant Financial is here with us.

Speaker 16 What is up, buddy? How you doing, Justin? It's great to be with you. Hell yeah.
Excited to have you.

Speaker 16 As a real estate investor for 18 years and making a ton of money and understanding taxes and understanding how to borrow money the right way and how to invest my money.

Speaker 16 I mean, this is such a poignant episode. I'm super excited about getting rocking and rolling with you.

Speaker 16 Speaking about what Ascendant Financial does as a whole, let's start there, what you do, what Ascendant does. What is the totality of what you guys do?

Speaker 16 And then I'm going to bring it granular into the trenches. That's a great question.
You know, we've been working with

Speaker 16 people across America, people across Canada since 2008. So we've been, you've been a real estate investor the past 18 years.
Did I hear that right? Yeah.

Speaker 16 And we've been, we've been serving real estate investors the past 16 years. Hell yeah.
And a few common traits come up.

Speaker 16 We haven't met one yet that doesn't want access to capital on demand on their terms. And so that's what we serve.
$5. Can I get five dollars?

Speaker 16 Okay, there you go. You just got it.

Speaker 16 But through the infinite banking concept, that's what we've been specializing in all this time.

Speaker 16 And real estate investors love it because they get to control how they borrow capital, how they invest it. They get to repay loans on their terms, not someone else's.

Speaker 16 They get their money working for them instead of the banks. The banks and the government are the last two entities that real estate investors want their money working for.
There's no doubt.

Speaker 16 And one of the things, just from my own understanding, and you're the expert, but like even just how the banks, when you do have your savings account and how they basically are arbitraging your money to go get a better return.

Speaker 16 And so, like, you know, the banks aren't exactly ideal. And, you know, I, I don't ever live my life cash heavy, right? Partly because I'm a real estate investor.
I know how to flip money.

Speaker 16 But let's talk a little bit about the banking system, if you will, and your thoughts on it. And maybe give some suggestions on how people should look at the banking system.

Speaker 16 Cause I, I just know how to flip money too fast for me to keep a whole lot in the bank.

Speaker 16 But what is your thoughts given the financial, you know, the banking system? Well, I would say first and foremost, banks are not your friend. I mean, let's be honest.

Speaker 16 They're just not. And they create money where no money existed before.
That would be like me pouring you a glass of whiskey, drinking it myself and charging you for it. It doesn't make any sense.

Speaker 16 That's a great analogy.

Speaker 16 It doesn't make any sense. And but the fundamental truth is, is that your money must reside somewhere.

Speaker 16 And through the infinite banking concept, there's no better place to have it reside than in the form of dividend paying life insurance contracts where you essentially become the banker as it relates to your needs.

Speaker 16 You get ready access money on demand.

Speaker 16 The real estate investors, Justin, that I work with, they owe a lot of money.

Speaker 16 And so whether they're flipping or whether they're buying multifamily, they're in a long-term, you know, buy-and-hold scenario,

Speaker 16 they owe a lot of money. And when a ready access opportunity of a high caliber shows up, the real estate investor either has to joint venture to raise capital to take advantage of it.
That takes time.

Speaker 16 But if you can pounce on high caliber opportunities when they track you down, then

Speaker 16 that creates a significant advantage for you in building your wealth. And you don't have to have money flow through the banking system.

Speaker 16 which is exactly what's been creating the financial mess that we find ourselves in. Just look no further than the central banking banking system.
It's a horrible mess that we're in.

Speaker 16 And the people that I talk to, they say, you know, I feel like there's something fundamentally wrong out there financially. Sure.
I just can't quite put my finger on it. Sure.
That's

Speaker 16 the courtesy of the central banks. How do you like that unicorn

Speaker 16 band-aid my daughter put on me? Anyways, I digress for all you guys listening to that.

Speaker 16 So what is the better play?

Speaker 16 Well, the better play is to pay premium into high cash value, dividend paying life life insurance contracts.

Speaker 16 You become a co-owner of the life insurance company the moment that you initiate a contract. You've got a guaranteed death benefit, which matters.

Speaker 16 We've had to deliver a disproportionate number of death benefit claims to families, and we've never had a grieving family say that they had hoped the check was for less or that it was taxable.

Speaker 16 And you get contractually guaranteed daily buildup of cash value that you can borrow against without interrupting any of its ongoing compounding on demand on your terms.

Speaker 16 So if you know that there's a place that your money can reside where you can contribute almost unlimited sums, you pay no tax on the daily buildup, zero tax, you get ready access capital on demand on your terms, you pay no tax on the death benefit proceeds, you've got no government hovering over that asset with a giant knife and fork waiting to consume it.

Speaker 16 How much of your capital do you not want residing there? Right.

Speaker 16 I mean, I would tell you guys, as someone who does own multiple policies myself, so I'm very well aware of, Jason, what you're talking about, right? Yeah.

Speaker 16 I think one of the things that people need to understand is compounding interest.

Speaker 16 If people aren't even thinking about compounding interest, it's like the eighth wonder of the world or whatever it is, right? I mean, that's, it's just incredible.

Speaker 16 But being able to borrow money

Speaker 16 that essentially doesn't have an interest rate on it is so valuable for us real estate investors, right? Because you mentioned almost every real estate investor you've ever talked to has debt, right?

Speaker 16 Has a lot of loans, is borrowing a lot of money. Well,

Speaker 16 because leverage is good in our space, right? If you're borrowing

Speaker 16 cash for everything, I would tell you not to.

Speaker 16 But when you can borrow your own money, essentially borrow against your insurance policy and have no dedicated interest payment. Now, if you pay yourself interest, smart idea,

Speaker 16 but you don't have the bank's interest laying on top of it, that deal becomes infinitely more profitable. Right.
A thousand percent. If you and I got together with

Speaker 16 another real estate investor and we were presented with the very same high caliber opportunity and that outside real estate investor had to borrow capital from the books of someone else's bank to participate in that opportunity, A, that's great.

Speaker 16 They got to achieve the objective. They got to participate in the opportunity.

Speaker 16 Whereas you and I, we request a policy loan from the life insurance company to participate in the very same investment opportunity. You and I are going to come out ahead all day, every day.

Speaker 16 The other real estate investor can't compete because the other real estate investor has no ongoing compounding of capital. My cash value and your cash value continues rising daily.

Speaker 16 while the real estate investment is appreciating in value. And we used the life insurance company's money to capitalize it.

Speaker 16 And when you, when you contrast that with any other way of financing a project,

Speaker 16 any real estate investor that we work with would never say to you, gosh, you know, I wish it would have taken longer for me to get access to capital for that opportunity.

Speaker 16 And man, I just don't feel like I'm taxed enough. And gosh, I wish it was just even more stressful to

Speaker 16 the other part. It's tax-free, right? And

Speaker 16 what I'd also say, like, I'll bring it down to the super lame insurance. Maybe you're not acquiring assets to hold.
Like, you could do this with anything. You can buy a car.
Oh, yeah.

Speaker 16 Like, the car interest rates right now, I just bought a brand new Range Rover, right?

Speaker 16 I got, I guess, a good interest rate for what the economy is offering right now, right? Yeah. Yeah.
So I got like 6% on a car.

Speaker 16 I was like, I don't love it. But, you know, I had.
4% on my Range Rover before that. But I say that to just say, like, well, because I used my life insurance policy, I have no interest rate.

Speaker 16 I have to pay myself back. Now, I can pay myself back with an interest rate and be a smart investor to say, hey, if I'm borrowing money, I should pay the money.
But I don't have to.

Speaker 16 And my money is still compounding. That's the point you're trying to drive home right there, Jason.
I borrowed it

Speaker 16 and it's still compounding. Well, and I would ask you, and you can attest to this.
We didn't discuss this before the show, but I'll just ask you, we'll just jam on this for a second. Yeah.

Speaker 16 So just just name one institution that uses compound interest.

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Speaker 1 Investing involves risk, including risk of loss. Fidelity Brokerage Services LLC member NYSE SIPC.

Speaker 6 When your company works with PNC's corporate banking, you'll gain a smart and steady foundation to help you carry out all your bold ideas.

Speaker 10 But while your business might not be shaky, you might still experience shakiness in other ways.

Speaker 9 You might be outbid on the perfect summer house.

Speaker 11 Your kid might not attend your alma mater, or your yacht might be jostled by stormy waters.

Speaker 14 No amount of responsible banking can prevent these things, except maybe the yacht, because we tell you boats are generally a bad investment.

Speaker 15 PNC Bank, brilliantly boring since 1865.

Speaker 6 The PNC Financial Services Group Inc., all rights reserved. How?

Speaker 16 Empowered Investor Live, invest smarter, grow faster, transform your future.

Speaker 16 Life insurance?

Speaker 16 Life insurance companies? Okay, that's certainly one institution.

Speaker 16 Any other that you can think of? Banks. Banks.
That's the most frequent response that we get. Banks don't use compound interest.
They either charge it or they pay it.

Speaker 16 So the only way for your money to compound is for it to sit still. And so the banks want your capital and they want it for a long time because they get to obviously.
They flip it.

Speaker 16 Thank you. You took the word right out of my mouth, which aligns perfectly with the show.
That's right.

Speaker 16 Banks are in the flipping business, but they're not dealing with tenants at three o'clock in the morning with a busted water heater. That's right.
They're flipping capital. We're doing the same thing.

Speaker 16 And if I just bring it right down to the you and me level, fundamental truth, our money must reside somewhere. Can you and I agree on that? Of course.
Yeah.

Speaker 16 And so what better place to have it reside than within the attributes of what we're describing?

Speaker 16 And when you pay that premium into that policy and it produces cash value and you can borrow against it on demand

Speaker 16 does that take away any of your options as a real estate investor it amplifies your options it totally does i i'm even thinking about like right now we just bought a fix and flip and i think we got 11 loan on this fix and flip now hard money is a very common thing for all of us on here uh

Speaker 16 if you just go and take that same amount of money because we run our economics basically we don't want to flip a property without making 50 grand net after cost fees blah blah blah okay but we underwrite it for six months and six months of 11%

Speaker 16 interest on a essentially we're paying two grand a month. So times six is 12 grand.
I just turned a $50,000 profit into a $62,000 profit because I borrowed the money from myself.

Speaker 16 So I want everyone listening here. You know, a lot of people here are like, I don't have money or I don't know.
Well, do you have a savings account? Do you have a self-directed IRA?

Speaker 16 Or, you know, because self-directed IRA, sure, you don't pay interest unless you take your money out before the the age that you cannot pay interest, right? And you take your profits out.

Speaker 16 In this case, like for me, because I'm so familiar with it, like you can take your money out monthly.

Speaker 16 Every month that you put money in, you can take your money back out.

Speaker 16 Right.

Speaker 16 And so I'm saying that because as a flipper, it's just easy capital, right? Like it's as easy to use as like three clicks of a button. on your computer.

Speaker 16 Can I share an example with you that tends to really resonate? Yeah, of course. So when I first began my journey with the infinite banking concept, so this was back in July of 2008,

Speaker 16 you could still get 40-year amortizations on mortgages. I was an active real estate investor in both the United States and Canada.

Speaker 16 And up in Canada, you could get a 40-year amortization schedule on a mortgage. So we bought a residence.
The mortgage was about $426,000. And we thought, wow, this is terrific.

Speaker 16 Interest rates were below 3%,

Speaker 16 40-year amortization schedule. We're standing on top of the world.
That was in April of that year. I got introduced to this concept in July of that year.

Speaker 16 We got rid of the conventional bank seven years later, so 33 years ahead of schedule. And we did it in a ridiculously simple way.

Speaker 16 We paid premium into high cash value, dividend paying life insurance policies on my wife and I, and then our four kids.

Speaker 16 We borrowed against that ever-increasing accumulation, which can't go backward, by the way. So you have several policies.
There hasn't been a single day where your cash value has gone backward.

Speaker 16 We borrow against that accumulation without interrupting its daily growth. We pay off the conventional bank, but we now have a policy loan balance.

Speaker 16 But we don't have any debt owed in the form of a mortgage.

Speaker 16 So the payment that we would have otherwise been contractually bound to continue sending to someone else's bank, I say that again, someone else's bank for the remaining 33 years of that 40-year amortization schedule we're changing the process of who's getting the payments and who's getting the money the first person i called was this gentleman here my late mentor the late r nelson nash he wrote uh the best-selling book titled uh becoming your own banker this book is self-published.

Speaker 16 It sold more than 575,000 copies per week for a reason. The process works.
So he developed it, pioneered it, engineered the process. He was the first person I called.

Speaker 16 And given that he lived and worked in Birmingham, he had this, you know, southern drawl. And I called him and I said, I said, Nelson, you're not going to believe it.

Speaker 16 I got rid of the conventional bank 33 years ahead of schedule. And he said, take a seat, boy.
And I sat down and he said,

Speaker 16 You want to be an honest banker, don't you? I said, yes, sir, I do. He said, well, I need you to finish the original loan schedule.

Speaker 16 And I said, what do you mean? He said, you've got to change the process of who's getting the remaining 33 years of payments.

Speaker 16 Otherwise, your expenses are going to rise to find that new surplus cash flow, aren't they? I said, yeah. And he said, well, get to work.

Speaker 16 And we've been continually replenishing our family's money pool.

Speaker 16 But here's the thing that people need to understand. You used the example earlier about a car.
Such a great example. You can either pay cash for it, lease it, finance it, or steal it.

Speaker 16 Most people don't do that. Probably not going to steal it.

Speaker 16 But when you pay cash, lease, or finance, every single one of those methods is a permanent transfer of money away from you. Just think about it.

Speaker 16 Every payment you make is someone else's passive income. That's right.

Speaker 16 So if you can redirect where that financial money, where that energy is flowing to, inside of an entity that you own and you control, if you can do that with property, if you can do it with vehicles, if you can do it with what we do, like my premiums are 1.56 million a year.

Speaker 16 We have 77 policies in our family banking system.

Speaker 16 We practice this process as a family. Think about this.
When you were growing up, stop me when I'm wrong.

Speaker 16 Did you ever hear your parents or somebody close to your family say, Justin, someday you're going to wake up and you're going to move out and you're going to start your own family.

Speaker 16 You're going to have your own bills. You're going to have your own financial obligations.
You'll truly understand what financial responsibility is. We've all heard that growing up.

Speaker 16 The wealthy don't speak that way. The wealthy circle the wagons around the family.

Speaker 16 I want the mortgages, the loans, the business investments, the real estate investments, the cars, the property, the appliances. I want all of that money.

Speaker 16 for those things flowing back to the family banking system, not onto the books of someone else's bank. So real estate investors tell us, we love the fact that you coach us on how to do that.

Speaker 16 If you went onto a job site and you're in at one of your flip projects and you handed the best tool to get a job done to somebody who doesn't know how to use the tool, they're not only going to break the damn tool, they're not going to turn out any good work with the tool.

Speaker 16 So that's why you need a really good coach that can be your infinite banking guide. And that's what we are to send in financial.
And we're the best at what we do, bar none.

Speaker 16 And I am bragging when I say that.

Speaker 16 Like, we are the best at this, bar Yeah. It's such a tool that like you got to really, I mean, what you even said about your personal home, right?

Speaker 16 And what you're talking about is really what I believe in is be the best banker. Like just because you're not paying Bank of America, you should be paying yourself back, right?

Speaker 16 And I would make an argument. Give yourself a little interest rate because the thing that people probably don't know, so I want you to clarify it and I know it, but sure.

Speaker 16 When your money is out, you're guaranteed interest. It's just a lower amount.
When your money's full in the the account, the amount goes up. Is that correct? No.
The interest rate varies.

Speaker 16 So there's a steady, my understanding, there's a steady 6% or so that I'm earning. When I pull the money out on a loan, that goes down to about 1%

Speaker 16 still working. There's a 6% total.
So maybe I'm wrong. So clarify that for me.
Yeah, happy to do that. And thank you for bringing that up.

Speaker 16 That's something that we get asked around interest rates and growth.

Speaker 16 In the United States, the cash value of the policy is contractually guaranteed to match the death benefit by age 121 of the life insured. It's age 100 up in Canada.

Speaker 16 So every single day that you're aging, your cash value is rising. Every premium that you pay, the death benefit permanently increases.
The premiums can never go up.

Speaker 16 but the death benefit is ever increasing. Every dividend that gets declared, which once it's declared once a year, is contractually guaranteed to be paid.
It can't be repossessed. It can't lose value.

Speaker 16 That permanently increases the death benefit of the policy. So Justin, if you never borrowed against the ever-increasing cash value of your policy, it is going to continue growing uninterrupted.

Speaker 16 Correct. When you borrow against...
your ever-increasing cash value, it is going to continue growing uninterrupted. It is not the policy loan that is affecting the growth of the cash value.

Speaker 16 It's you aging daily. That's the difference.

Speaker 16 And when we hear people use language like,

Speaker 16 I've got my money, $1 doing the job of two, or this is the secret that the wealthy don't want you to know. And,

Speaker 16 but, you know, forgive my language, but that's all just a bunch of bullshit. Okay.

Speaker 16 You're paying premium into an insurance contract and you become a co-owner of a life life insurance company that's never failed to produce a divisible profit.

Speaker 16 And you're dealing with people who cared enough to ensure their own lives. That's the pool of owners that you're dealing with.
What a great group of people to be in business with. Yeah.

Speaker 16 And when you borrow capital in the form of a policy loan,

Speaker 16 the cash value of the policy continues rising uninterrupted, as I've mentioned. When you repay that policy loan with interest,

Speaker 16 that extra interest

Speaker 16 is

Speaker 16 a direct contributor to the net earnings of the insurance company that you co-own so justin if you and i owned a publix grocery store together would we ever buy our food from walmart never

Speaker 16 because we want our grocery store to be profitable right we want our grocery store to have more money to go buy more groceries and sell to more captive customers right so when people are introduced to the infinite banking concept in a way that sensationalizes it, like you can get rich buying cars, you can get rich buying real estate, you can get rich just being your own bank.

Speaker 16 That's nonsense. That's sensationalizing the message.
It's ridiculously simple. Somebody has to perform the banking function in your life.
There are no exceptions to that, period.

Speaker 16 And your money's got to reside somewhere. The person that should be controlling that function of banking in your life should be you.
And it's very simple to do.

Speaker 16 And you should have a good coach that can help guide you so that when you have a system of policies in place, you're not creating a scenario where you're not only not turning out any good work with the tool, but you may end up inadvertently breaking the damn tool.

Speaker 16 And so you've got to have a good coach and a guide to help you along. Speaking of that, where can they find you guys

Speaker 16 ascendant financial? What's the fastest way that they can find you?

Speaker 16 There are two forks in the road. So the first fork in the road is go directly to ascendantfinancial.com.
That's our website. It's a treasure trove of great resources.

Speaker 16 But if your listeners, as I mentioned to you before we got on, if they text the word bank, so if they text the word bank to 813-793-7921, that's 813-793-7921.

Speaker 16 We will courier directly to them at no cost. No, hey, you got to pay the shipping or any of that stuff.
We'll courier to them what we call a banker's vault.

Speaker 16 And it's a box of resources, including this number one best-selling book. It's a 92-page read, including

Speaker 16 one of our best-selling quarterly books titled Don't Spread the Wealth, access to our private Facebook community, access to all of our resources, pre-recorded webinars, live events, our wealth accelerator package, all of that on the house at no charge.

Speaker 16 Have you ever heard someone give you the advice to give away your best stuff for free? Absolutely. We live and breathe that.
We walk that walk.

Speaker 16 And so that is just our token of gratitude to your listeners for investing a little bit of their time and making the right decision to text.

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Speaker 2 Today, JP Morgan Payments delivers real-time dashboards and control at your fingertips.

Speaker 1 That's the power of clarity.

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Speaker 18 Investing involves risk, including risk of loss.

Speaker 4 Fidelity Brokerage Services LLC, member NYSE, SIPC.

Speaker 6 When your company works with PNC's corporate banking, you'll gain a smart and steady foundation to help you carry out all your bold ideas.

Speaker 10 But while your business might not be shaky, you might still experience shakiness in other ways.

Speaker 9 You might be outbid on the perfect summer house.

Speaker 11 Your kid might not attend your alma mater, or your yacht might be jostled by stormy waters.

Speaker 10 No amount of responsible banking can prevent these things.

Speaker 14 Except maybe the yacht, because we tell you boats are generally a bad investment.

Speaker 15 PNC Bank, brilliantly boring since 1865.

Speaker 6 The PNC Financial Services Group Inc. all rights reserved.

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Speaker 16 The word bank to that number.

Speaker 16 Now, let me ask as a fix and flipper. Yeah.

Speaker 16 You take a loan from your insurance. Yes.
Round number, 100 grand. Yeah.

Speaker 16 You profit. You make 20 grand.
You have 120 grand.

Speaker 16 Does all the 120 grand have to go back to insurance or can I keep the 20 grand and just repay the 100 grand? You can repay as little or as much as you'd like. When you ask us,

Speaker 16 I was wondering how you were going to answer it because I need to answer. Yeah, yeah.
No,

Speaker 16 please trick away. Ask me anything that you'd like.
But you're in a position of total control as it relates to the repayment schedule of your loans.

Speaker 16 The only reason why that is true is because the insurance company itself guarantees the collateral for the loan. And when you borrow the capital, you're not

Speaker 16 triggering any reporting to Equifax or TransUnion. It's a private loan between you and the life insurance company that you co-own.

Speaker 16 You have all the gold. You make all the rules.

Speaker 16 And real estate investors tell me that gives them a lot of breathing room when they have projects that run over budget, that run over schedule, that would otherwise create some some very tense scenarios where they either have to repay a hard money lender and they're on the hook for that, or they've got to repay someone else's bank and their project hasn't been flipped yet.

Speaker 16 It's not done. It's not generating positive cash flow.
The life insurance company doesn't have a lien on the real estate. They place a lien on the death benefit for the loan balance.

Speaker 16 And so that puts the real estate investor in a position of total and absolute control. What a peaceful, stress-free way of life it is when you get the banks out of your life.
I mean, it's, I'm

Speaker 16 not. What I wanted you guys to really hear by me asking that question, him giving the answer, the money is coming from the insurance, right? It's a lean against your insurance policy.
So God bless it.

Speaker 16 If you were to borrow 100 grand and die the next day, your life policy is just 100 grand lighter than it would have paid out.

Speaker 3 Right.

Speaker 16 And so I want you to understand what he's saying is there is no bank leaning the property. There is no personal guarantee that you have to say, I'm willing to repay this.

Speaker 16 You technically don't ever have to repay it.

Speaker 16 The difference would be is if you don't repay it, then the day you do pass, because it's inevitable, you're 100 grand light on that policy. Plus accrued interest on that loan balance.
Right.

Speaker 16 Plus accrued interest. Yeah.

Speaker 16 And, you know, what's interesting is that People,

Speaker 16 again, I can only speak to, because we interact, as you can imagine, with

Speaker 16 thousands of people every year. And we hear some common things from people who have been introduced to the concept out there in the marketplace.
And they're leaning toward an either or scenario.

Speaker 16 Like, should I invest in real estate or should I put money into dividend paying life insurance contracts? This is not an either-or discussion.

Speaker 16 Regardless of what you're choosing to buy, like you mentioned, you can do this with anything that you would otherwise pay pay cash, lease, or finance.

Speaker 16 The money's got to come from somewhere, supply source.

Speaker 16 And if you're borrowing capital from someone else's bank, you wouldn't do that without every intention of repaying it.

Speaker 16 So this is about the infinite banking concept being a lifestyle, not a financial plan.

Speaker 16 And when you borrow capital from the life insurance company, You shouldn't be borrowing it to begin with unless you have a plan to repay it.

Speaker 16 Being in control of a repayment schedule can be a downside too from a human condition standpoint. No doubt.

Speaker 16 And so that's why, again, I can't emphasize enough, just make sure that you're working with a guide, somebody who can sit down with you and say, Justin, let me give you a sample size of 100 reviews from existing clients sharing their experience with me.

Speaker 16 That should give you a pretty good indicator of my proficiency.

Speaker 16 And then I've got

Speaker 16 a demonstrated track record of being a a good coach.

Speaker 16 And at Ascendant, we've got thousands

Speaker 16 just hang out with Uncle Google for a little while and check out all the experiences that people are sharing. When you say coach, I come from the coaching space in real estate, right?

Speaker 16 So I coach newer investors. They break into the industry, get their first several deals, et cetera, right? So my definition of coach may or may not be similar to yours.

Speaker 16 When you are a coach to these individuals, what did they get with that coaching?

Speaker 16 Real simple. So as a coach, we're responsible to you, not for you.

Speaker 16 And we do quarterly group coaching sessions with clients who can parachute into those sessions. They're networking with like-minded individuals who are practicing this process.

Speaker 16 They're learning a variety of different methods of how to integrate that into their business, their family. So it's a very, very strong community.

Speaker 16 of people who implement this and practice this in their daily lives. We do annual family banking events that we invite our clients clients to.
These are incredible events.

Speaker 16 Clients are bringing their spouses, their kids, their key people in their companies. We do breakout sessions.

Speaker 16 We coach them by actually coaching them and we show them the way.

Speaker 16 And then it's up to them to do the work and to do the work for their family, their business, for whatever it is that they're implementing the infinite banking concept to achieve.

Speaker 16 But we make it remarkably clear,

Speaker 16 the two most important words in the title of this book are right here your own your own becoming your own banker we don't want people to develop a dependence on us we want people to develop independence so they don't have to rely upon a conventional bank for anything other than the convenience of debit yeah what a stress-free way of life that is Well, I think people are going to love this, and I want everyone to reach out to Jason and go to Ascendant Financial and text the number.

Speaker 16 Say the number one more time text bank to whatever phone number yeah text the word bank to 813-793-7921 that's 813-793-7921.

Speaker 16 You're probably gonna have a lot more questions as you're listening to this.

Speaker 16 You'll probably get off this episode or if you're watching this on YouTube, you'll probably stop watching and then walk around your house and be like, man, this is really cool.

Speaker 16 And then what about that? And what about this? And what about this?

Speaker 16 That is why I want you to reach out to Jason and his team because the reality is as investors, we think in a very lin, well, I don't want to say lineral, but

Speaker 16 we think in a

Speaker 16 historically taut,

Speaker 16 right? Meaning you borrow money at a certain percent, you pay it monthly, you repay the loan, and you keep the profits.

Speaker 16 We also work with self-directed IRAs and 401ks.

Speaker 16 The difference there, the people that do profit from it, they can't necessarily keep the profits and put it in their pocket because they will get taxed on it.

Speaker 16 To Jason's point, again, this breaks you out of that model. There is no, if you make the example I gave, you use this policy, you borrow 100 grand, you make to 20 grand.

Speaker 16 Let's just say you're an okay banker and you pay your 100 grand back. You're not a great banker.
You're an okay banker. You get the money back, but you kept.

Speaker 16 the 20 grand you're not getting paid you're not getting taxed on the 20 grand in the traditional you're getting taxed income wise right because it's still income, but you got to think outside the box there.

Speaker 16 That 20 grand is still going to be your company's income as a fix and flipper, but you're just reframing this, right?

Speaker 16 So the last thing I wanted to point out to a lot of people out there are concerned about raising private money. Right.

Speaker 16 I've done a really good job raising money through people that have retirement accounts, right? Because their money really isn't making them any money. This is a next level layer of it.

Speaker 16 I have done a really good job in the last call at four years, five years now since COVID, where there's enough people that understand the model that people are like, can I use my insurance money?

Speaker 16 That's what they're saying to me when talking about investing with me. And I say, absolutely.
A thousand percent. Yep.
Is raising capital from money that's already in the insurance.

Speaker 16 And by the way, it's not theirs. It's the insurance company's money.
That's right. It's not even their money.
It's the insurance company's money. Right.
That's right.

Speaker 16 And so, guys, if you're thinking about raising capital, if you're trying to figure out where to find it, thinking no one has it, you need to be talking to Jason and their team because this is the next level of raising money, right?

Speaker 16 Is so again, historically speaking, we're taught find people that have

Speaker 16 retirement accounts.

Speaker 16 But now, I at least am talking about this. I'm talking about, hey, there's a lot of people out there now.
This is gaining traction. This isn't a little known secret anymore.

Speaker 16 And people like Jason are at the forefront of that. He's a thought leader.
He's out there. Ascendant Financial is out there.
They're there for your help.

Speaker 16 And so do you see that

Speaker 16 a little bit or frequently that people are using it as lenders as well? And they're taking their

Speaker 16 insurance money and lending it out.

Speaker 16 Absolutely. And we amplify that intentionally.
So within our client community, we have a program that we've named Lend to Profit.

Speaker 16 Lend the number two profit. There's typically two parties to the transaction.

Speaker 16 And within the community, our clients can engage with one another and say, hey, we've got a high caliber opportunity. Do we want to joint venture on it? Do we want to pool capital together?

Speaker 16 And what, again, what a great group of people to be aligned with in that type of transaction because you know for certain they're life insured. And so you've got some indemnification there.

Speaker 16 God forbid if the unthinkable happened.

Speaker 16 And you know that you can close on a transaction quickly because when you contact the life insurance company to get access to capital, they're asking you two questions.

Speaker 16 Do you want us to electronically deposit the money into your account or mail you a check? There's no income verification, credit check, personal guarantees, letters of credit, any of that.

Speaker 16 additional underwriting that's typically involved with borrowing capital, even from a hard money lender. This is ready access capital on demand on your terms.

Speaker 16 And so I love that you touched on that because our lend to profit program is nothing short of awesome. Oh, guys, you have to go talk to Jason.

Speaker 16 I mean, him and I could probably go down rabbit holes that might get a little confusing for most. He's obviously the expert, but I know enough.
I have several policies.

Speaker 16 This works in all assets, right? It works for all reasons. Like I used the car example.
I know we're talking about real estate, but like it's as simple as that.

Speaker 16 Like you want to go, you know, the new Range Range Rover isn't cheap.

Speaker 16 And I'm like, okay, well, if the bank's quoting me what's considered to be a good interest rate right now, but I have capital sitting in my insurance policy, why wouldn't I just be my own bank? Right.

Speaker 16 Right. Because there's no real reason to pay the interest rate.
And if I'm going to pay an interest rate, why wouldn't I pay myself the interest rate? Does this make sense to everybody?

Speaker 16 I hope they understand. There's,

Speaker 16 have you ever heard the Shakespeare quote?

Speaker 16 How does it go?

Speaker 16 The world is a stage, and most people are

Speaker 16 actors thereon, something to that effect. Something I've heard

Speaker 16 is a stage and everyone in it are actors thereon. Yeah.
And the way that my late mentor, God rest his soul, I miss him. I think about him every single day.

Speaker 16 I was just blessed beyond the definition of good fortune to have spent such quality time with him. And he would often use an analogy that was so ridiculously simple.

Speaker 16 He said, you know, if we were to examine 99%

Speaker 16 of the American population

Speaker 16 and we were to take a look at

Speaker 16 what percentage of that population understand,

Speaker 16 A, that there are characters in a financial play or B, that there's even a financial play going on. You've got the depositor, the borrower, the banker, and the bank owner.
Ridiculously simple.

Speaker 16 You earn money, regardless of the source, W-2, interest income, rental income, dividend income.

Speaker 16 That money flows onto the books of someone else's bank. You're the depositor.
You're the borrower. You're always working with borrowed money, even when you pay cash for things.

Speaker 16 You withdraw money from your savings account, you pay cash, you're permanently giving up the opportunity to earn interest on that money, not only for the rest of your life, but for every generation that comes after you.

Speaker 16 You're the borrower. When you need access to money to finance something, you've got to do that on someone else's terms, not yours.

Speaker 16 The banker decides who gets access to capital. The bank owner is the character in the play that makes most of the money, understandably so.

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Speaker 4 Building a portfolio with Fidelity Basket portfolios is kind of like making a sandwich.

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