In Part 1 of our 3-part series "IBC First Principles," we analyze some core concepts that make up The Infinite Banking Concept (IBC). In this episode, we discuss the first three of ten "first principles": Learn how understanding traditional financial systems empowers you to take control of your money ("If you know what's going on, you'll know what to do").Discover the principle of "one pool of money" and the transformative power of cash flow over cash amount.Finally, grasp why "banking is the most important business in the world" and how becoming your own banker can change your financial life. Tune in and lay a strong foundation for your financial journey. KEY MOMENTS: 00:01:00 - Understanding the Importance of Infinite Banking 00:03:07 - The Flaws of Traditional Banking Systems 00:05:41 - Valuing Financial Freedom 00:06:29 - Becoming an Insider 00:09:10 - The Problem with Fractional Reserve Banking 00:16:21 - The Illusion of Control in Real Estate 00:17:25 - The Importance of Weathering Financial Storms 00:18:34 - Opportunity Cost and Liquidity 00:20:27 - Banking as a Higher Order Operation 00:25:35 - Banking as the Most Important Business ---- LINKS: Get in touch: SCHEDULE A CONSULTATION Online Course: IBC MASTERY ---- About Your Hosts: Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics! John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide. John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide. ---- Connect with us Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today! ---- ONLINE COURSE: Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®. Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance: IBC MASTERY