The IBC Guys

Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, we continue the Psychology of Money series.  Housel wins the award for shortest chapter in a book - 1 page - but it’s thought provoking none the less.  When you admire a car, house, etc., are you admiring the person that owns that possession or are you visualizing what that wealth would look like in your possession?  Housel walks the reader through the paradox of ‘loud’ wealth and how it doesn’t really work as most people assume.  Dave then takes IBC and discusses how IBC fits within that paradox.  Man, what a great discussion!
Also in this episode, Dave kills stuff, he makes up a new catch phrase, and he ends on a great on liner.  Join him for a thought provoking episode!
 
Key takeaway: Trying to look rich is one of the fastest ways to stay poor.
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 62: IBC and The Psychology of Money - Freedom
 
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, we jump back into the Psychology of Money series.  Housel provides a great chapter on the idea of ‘Freedom’ and, then, how money helps one realize that freedom.  Dave takes it a step further and provides two ideas on how IBC provides the financial freedom Housel talks about - (1) freedom from banks, and (2) compounding financial freedom over time.  Have you ever wondered what it was like to work when you wanted, where you wanted, and with whom you wanted?  Let’s discuss it now!
Also in this episode, Mike is taking Dave on a scary trip, Dave’s Dad brings home a Porsche, and RV’ing with your dog never sounded so good!  Join Dave in taking a look at ‘freedom’ through the lens of IBC!
Key takeaway: “The highest form of wealth is control over your time.”   -Housel
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!

Episode 61: What Makes a Good Agent? - with Yvonne Burke
 
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Yvonne Burke joins Dave once again to discuss “What Makes a Good Agent?”  ChatGPT certainly has an opinion, but Yvonne would argue that it’s missing a key aspect in determining a quality agent.  As the discussion unfolds, the foundational heart issues around being a good agent are discussed, along with the challenge of asking hard-hitting questions of your current or potential agent.  We also encourage listeners to be confident in asking questions and describing their needs - this will provide great insight into your agent as a person and as a professional!  This is a good one - don’t miss it!
Also in this episode, Dave cannot say “ChatGPT”, we become doctors, and Yvonne is pretty much one of the Guys at this point.  Jump into this episode if you’re struggling to make that leap in reaching out about IBC!
Key takeaway:  CHALLENGE your agent.  Ask them questions that are foundational to what you as the client want and need.
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 60: IBC and the Psychology of Money - Tails, You Win
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave continues examining The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  In this chapter, we enlist the help of Housel as we walk through the idea of failing with money.  Housel posits that failure is to be expected and that a few major investments determines success.  Does IBC agree?  Does IBC limit failure exposure rather than set one up for the ‘homerun’ investment?  If so, is that a good thing?  Join in for a great talk about IBC’s role as one fails in investing.
Also in this episode, Dave doesn’t sound excited, he says weird words, and he disagrees with Housel. Enjoy talking about how IBC doesn’t mean you need to lose all the time to win!!
Key takeaway:  IBC keeps your money grounded so you are able to navigate the ups and downs as you are chasing those ‘tails’ events.
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 59: IBC and the Psychology of Money - Getting Wealthy vs. Staying Wealthy
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave continues examining The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  In this chapter, we examine the difference between (a) getting rich and (b) staying rich.  For clarity, the definition of ‘being rich’ in this episode is accumulating financial wealth.  Dave would define “being rich” as something entirely different, but the premise is getting money to flow through one’s financial system, so the definition is necessary.  Housel goes on to describe how to keep the money within one’s system, specifically human behaviors in how to make that happen.
As Housel takes us through the difference of getting rich vs. staying rich, and Dave works to take the listener through how IBC automatically keeps the Owner of the policy making money.  Legacy wealth, baby!  IBC is structured in a way that more and more of the money that is run through the policies comes back to the one’s financial system.  Don’t miss this episode!
Also in this episode, Dave is encouraged by a client, he talks about a whole bunch of books, and Dave bashes professional athletes and rappers.  Take a listen!  Do you agree or disagree with what it takes to remain wealthy?
 
Key takeaway:  “Staying wealthy takes a combination of frugality and paranoia.”  - Housel
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 58: IBC and the Psychology of Money - Confounding Compounding
 
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave continues The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  This chapter fits perfectly into the ideology of IBC - have your money work without you while NOT interrupting the compounding growth.  Housel examines how money grows (compounds) over time when it’s left alone, and Dave takes it a step further to examine how a properly structured policy does this very same thing for you!  This episode is a perfect reminder of one of the main reasons getting your money on the ledger and having it grow for decades - uninterrupted - is one of the biggest catalysts in creating legacy wealth.  Don’t miss it!  
Also in this episode, Dave can’t say two words in a row, he admits to not being a Warren Buffet historian, and Dave reads the biggest number ever out on a podcast.  Sit back and enjoy talking about big dollar amounts!
 
Key takeaway:  “It’s about earning pretty good returns that one can stick with and which can be repeated for the longest period of time.”  - Housel
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 57: IBC and 501(c)(3) - with Yvonne Burke
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave has the privilege of joining Yvonne Burke in a conversation around how IBC can be used within the context of 501(c)(3)’s - ideas, practical application, and implications.  The duo discusses financial transparency within non-profits, along with their financial responsibility, and the overall pressure 501(c)(3)’s face in stewarding other people’s money.  Yvonne provides practical applications in (1) the players within a policy for a 501(c)(3), (2) five specific options in leveraging a policy within a non-profit, and (3) the biggest hurdle facing people looking to get their first policy.  This is a good episode - buckle up!
Also in this episode, Yvonne knows everyone, we may rename the show, and we reveal the secret on how to give the same dollar to your church note once, but twice.  Excited for you to join us!
Key takeaway:  “It’s not difficult - it’s just different.” Yvonne Burke
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 56: Is Scarcity in Business a Man Made Concept?
 
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Mike and Dave pose a philosophical question: Is the idea of scarcity in business a man made concept?  The guys talk definitions, how we’re taught scarcity, and a better option in how to approach the idea that one doesn’t have enough.  When the idea of business is reframed outside of what we are taught, the idea of scarcity tends to fade away in lieu of what actually exists within the business world.  Listen in to see if you agree with the idea or have thoughts that counter the notion that scarcity in business is a man made concept!
Also in this episode, Mike tells stories from the 1990’s, Dave gets kicked out of the two-comma-club, and Dave interrupts Mike more than he should.  Join us for an episode that works to help reshape thinking within the business world and how IBC fits into. 
Key takeaway: There is a better way than working for 40 years and then retiring.  That is a scarcity mentality.
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 54: IBC and the Psychology of Money - Never Enough
 
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave begins exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the idea of "Keeping up with the Joneses" and its effects on ones’ thinking about money.  Dave then explores the ‘never enough’ mentality through the lens of IBC.
This is a GREAT episode to sit back, reflect, and examine your own ideas about money.  Enjoy!
 
Key takeaway: “Enough is not too little” -Houser
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 54: IBC and the Psychology of Money - Luck and Risk
Welcome back to The IBC Guys Podcast!  
Welcome back to the IBC Guys!  In this episode, Dave continues exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the roles both luck and risk play within any financial maneuver.  Dave discusses some specific examples, relates Housel’s premise to IBC, and then compares and contrasts Housel’s thinking within the ideology of the Infinite Banking Concept.
Also in this episode, Dave thinks his episodes are cool, he buys silver, and he tries to sound smart by using the word metacognition.  Don’t miss this episode to see how luck/risk fit into the ideology of IBC!
Key takeaway: Both luck and risk play major roles within any financial investment.  Acknowledging this leads to humbleness when things go well and sympathy when they don’t.  IBC helps mitigate both luck and risk when investing.
 
Resources Mentioned:
[Link HERE] Morgan Housel’s The Psychology of Money
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!