The IBC Guys

Episode 53: The Psychology of Money - No One is Crazy
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.  Housel comes out of the gate stating “No One is Crazy.”  How people think about money are shaped by their life experiences and money decisions are often made emotionally rather than rationally should be kept at the forefront when discussing money.  Dave works to explore this thinking and how it relates to the discussion of IBC.
Also in this episode, Dave is too mean to financial advisors, asks for your help in emailing Mike, and he loves Yard Goats!
Key takeaway: “You know stuff about money that I don’t, and vice versa.  You go through life with different beliefs, goals, and forecasts, than I do.  That’s not because one of us is smarter than the other, or has better information.  It’s because we have different lives shaped by different and equally persuasive experiences.”
 
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 52: The Unconference and IBC’s Place
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave attended an invitation-only conference where he was able to talk about IBC with high-level entrepreneurs.  Some people had never heard of IBC, others had secured and were using their own policies, and others had a less than positive view of IBC.  As Dave talked with those in that last category, he remembered and then recorded their reactions to IBC, all for this episode!
This week’s episode focuses on six (6) less than positive reactions to IBC and, then, Dave’s interpretation of those reactions.  Based on Dave’s experience, he makes some educated guesses as to how their thoughts around IBC were shaped, knowing that you may have some of those same thoughts.  Sit back, listen, and please use this episode to help evaluate your own IBC journey! 
Also in this week’s episode, Dave says the same word over and over, he is in way over his head, and Dave wants your thoughts!  Thanks for listening!
 
Key takeaway: Negative perceptions of IBC usually stem from (1) a lack of education or (2) an agent that builds a policy with their own best interest in mind, not the client’s.
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
📩 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 51: Teach You to Be Rich - The Myth of Financial Expertise
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich.”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a platform, Dave tackles Chapter 6 titled “The Myth of Financial Expertise.”  
The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept.
This week’s episode focuses on so called financial experts and their role within the systems that build wealth.  Mr. Sethi believes that ‘experts’ are often incorrect and can hide behind discussions that are more complex than the average person can understand.  Dave agrees with that premise and works to find IBC’s role within a financial system using that same premise.
Also in this week’s episode, Dave needs to ride a backwards bike, he is grateful for you, and he doesn’t like looking at himself as he records podcasts.  Join Dave for another great episode within this mini-series!
Key takeaway: Sethi argues that one doesn’t need financial expertise to get rich—just a simple, automated system that minimizes costs, avoids emotional decisions, and runs consistently over time. Dave adds that IBC provides a foundation that makes that system financially bulletproof.
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
📩 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 50: A Better Question - A Question IBC Doesn’t Ask but Helps Answer 
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave and Tim ask a better question.  Often, when people feel as though they don’t know enough about a given topic, they don’t feel as though they know what question(s) to ask.  Dave and Tim present a question that often doesn’t get asked:
Where should my money live when I’m not actively using it?
As the IBC Guys have gone through this mini-series Teach You to Be Rich, an assumption is made - that one knows where their money should stay while they’re deciding what to do with it.  In this episode, Dave and Tim don’t make that assumption.  They discuss the options for where money should stay when it’s not being used and then, provide an answer for the questions through the lens of the Infinite Banking Concept.
Also in this episode, Tim talks some sense into Dave, Stanley is a cuddle buddy,and Tim has groupies.  Join us for a great discussion on where money should lay when it is not actively being used.
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
Tim’s Email: Tim@familybankingsolutions.com
📩 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 49: Teach You to Be Rich - Conscious Spending (Chp. 4)
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich (?).”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a comparison, Dave tackles Chapter 4 which is titled “Conscious Spending.”  
The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept.
This week’s episode focuses on being purposeful on how one spends their money.  Mr. Sethi suggests 4 categories in which to define and establish one’s values.  Those categories are (1) Fixed Costs, (2) Investments, (3) Savings, and (4) Guilt-Free Spending.  Dave discusses these four main categories and explores the following:  Did Mr. Sethi miss anything?  Can IBC fit into this framework?  If so, how?  Can IBC help expand on Mr. Sethi’s framework?
Also in this week’s episode, Dave’s boy rides his hoverboard by the office, he uses tv shows as analogies, and Dave gets help from two special guests!  Don’t miss this episode!
Key takeaway: “Conscious Spending helps one live rich today.  Infinite Banking helps one live rich tomorrow—without sacrificing today.”
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
📩 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 48: Teach You to Be Rich(?) - Investing
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich (?).”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a comparison, Dave tackles the Chapter titled “Get Ready to Invest.”  
The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept.
This week’s episode focuses on Investing.  Dave is not a certified financial consultant nor is IBC an investment of any sort.  As someone who has almost every type of qualified plan, Dave does have knowledge on the topic of investing as most people understand it.  Listen in as Dave looks at Mr. Sethi’s recommendations through the lens of IBC.  Can IBC make you money faster?  Make you money better?  What are the options?  Are investing and IBC mutually exclusive?  Tune in this week to find out!    
Also in this week’s episode, Dave is hungry, he likes Nike books, and he wants to help with anything in which he is able!  Check out this great episode!
Key takeaway: Ramit Sethi teaches the reader how to be a smarter customer inside the banking system.  Infinite Banking allows one to stop being the customer and start being the system.
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
📩 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 47: Teach You to Be Rich - Banks
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave starts a new mini-series titled “Make You Rich.”  Ramit Sethi’s book I Will Teach You to Be Rich caught Dave’s eye and was a great read over the past week.  The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-series is to work through Mr. Sethi’s book a chapter at a time through the lens of the Infinite Banking Concept.
This week’s episode focuses on Banks - the good, the bad, and the (mostly) ugly.  How does Mr. Sethi see banks?  How would he manage his accounts?  How does what a bank provides compare to what IBC provides?  
Also in this week’s episode, Dave doesn’t create episodes to hear his own voice, he finds a new book for his kids to read, and he hopes to be a sounding board.
 
Key takeaway: Ramit Sethi teaches the reader how to be a smarter customer inside the banking system.  Infinite Banking allows one to stop being the customer and start being the system.
 
Resources Mentioned:
[Link HERE] Ramit Sethi’s “I Will Teach You to be Rich” 
📩 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

‘Best Of’ 1: How Banks Are Stealing Your Wealth
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, we take a look back at one of the most listened to episodes on the ‘Best Of’ series. Sit back, relax, and it’s our hope you’re able to gain a new insight into IBC as you re-listen to this important episode.
As always, if Mike or Dave is able to help, please don’t hesitate to reach out at the socials below.
 
Resources Mentioned:
📩 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 45: AVERAGE vs ACTUAL Rate of Return - with Joe Pantozzi
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Joe Pantozzi joins Mike and Dave to talk through how people often describe investments - the average rate of return.  Joe lays it all out there - the numbers, all of the variables, and the broader perspective - to allow the listener and viewer deeper insight into how new knowledge can shape perspective when it comes to rates of return.
 
Simply put, the average rate of return is rarely ever the actual rate of return in an investment.
 
Included in this episode:
Figures can lie, liars can figure
Numbers all by themselves can be misleading
When one adds a specific timeline, human nature, and market volatility to the equation, one often gets a completely different result than the average rate of return
One can average double digit nominal returns and still run out of money in retirement
One needs to look at the entire picture - income, outgo, assets, liabilities
Joe, Mike, and Dave are able to help you create a plan
Ownership = control = wealth = FREEDOM 
 
Also in this episode, Dave knows when to be quiet, Mike is an esteemed guest at an estate, and Joe is very smart.  This may be the one episode that you don’t want to miss! 
 
Key takeaway: “The solution to financial problems is not a product.  The solution is a mindset."     -Joe Pantozzi
 
Resources Mentioned:
📩 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 44: [Part 2] Kyle Busch Revisited…with Mike!
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike and Dave finish their conversation based on the Kyle Busch situation being played out within the media.  The guys reaffirm their position on why they use Whole Life policies over IULs, talk through situations they’ve encountered in the life insurance space, and double-down on their desire to put the client first in any policy they build.  
Also in this episode, the guys wear the same clothes, everyone wants to talk with the Costco gas station attendant, and Mike calls things ‘sexy.’  Join us for the conclusion of an important discussion that’s relevant in today’s society!
Key takeaway: Mike and Dave will always put the client ahead of any commission that is to be made.
 
Resources Mentioned:
📩 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