The IBC Guys

Episode 13: Do I Really Have to Pay Myself Back? – IBC Misconceptions
 
Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle one of the biggest misconceptions about the Infinite Banking Concept (IBC): Do I really have to pay myself back?
 
We hear this question all the time. When you take a loan from your policy, do you have to pay it back? The short answer? No—but the real question is, why wouldn’t you? Today, we break down the mechanics of policy loans, how they work, and why repaying yourself actually benefits you in the long run.
 
Here’s what we cover in this episode:
✅ The truth about policy loans—are you borrowing your money?
✅ Why the loan isn’t a withdrawal and how it keeps your cash value growing
✅ The power of uninterrupted compound growth 
✅ What happens if you never pay back a policy loan 
✅ Real-life examples of using policy loans strategically
 
We also debunk common myths surrounding IBC and explain why treating your policy loan repayments like a structured banking system puts you in control of your financial future.
 
Key takeaway: Infinite Banking is all about control and flexibility. You’re not required to pay yourself back—but smart IBC practitioners understand that doing so keeps their system running smoothly, ensuring they always have access to capital when they need it.
 
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 12: IBC and The Golden Goose
 
Welcome back to The IBC Guys Podcast! In this episode, we (Mike and Dave) dive deep into a powerful analogy—IBC and The Golden Goose—to help you understand how the Infinite Banking Concept (IBC) can transform your financial future.
 
You’ve probably heard the fable of the golden goose that lays golden eggs. But what if we told you that your financial system could work the same way? Instead of chasing short-term gains or relying on banks to control your money, what if you could build a system that keeps generating wealth for you—just like that golden goose?
 
Here’s what we cover in this episode:
 
✅ The Power of Keeping Control – Why most people hand over control of their money and how IBC lets you be the banker. 
✅ Golden Eggs vs. The Goose – The difference between chasing returns and creating a system that pays you over and over again. 
✅ How IBC Works in Real Life – Practical examples of how using a properly structured whole life policy allows you to finance your own needs, from buying cars to funding investments. 
✅ Breaking Free from Traditional Banking – Why relying on traditional loans and credit can keep you trapped in a cycle of financial dependency. 
✅ The Long-Term Mindset – Understanding that IBC isn’t a get-rich-quick scheme, but a proven method to build lasting wealth.
If you’re tired of being at the mercy of banks and lenders, this episode is for you. We break down complex concepts into real-world strategies so you can start thinking differently about your money.
 
🎧 Tune in now and discover how you can build your own golden goose with IBC!
 
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 #GoldenGoose

Episode 11: Part 2 - Using IBC to Buy a Car
Hey everyone — welcome back to The IBC Guys Podcast! If you caught Part 1 last week, you know we started breaking down how to buy a car using the Infinite Banking Concept (IBC). Well, today, we’re rolling up our sleeves and getting into the weeds.
 
🚘 Part 1 Recap: We walked through Nelson Nash’s example from his book, comparing buying a car with a Certificate of Deposit (CD) versus using an IBC policy. Spoiler alert — the IBC method starts slower but wins big in the long run. Today, we’re tackling why that happens and how to make sense of the numbers.
👉 Three Big Reasons We Do This Podcast:
Education: We’re here to empower you to make informed decisions — even if you decide IBC isn’t for you.
Practical Examples: Like buying a car — a relatable, everyday purchase — to show you how this strategy works in real life.
Spread the Word: We’re passionate about sharing this knowledge. If you like what you hear, help us spread the word!
 
🔍 Breaking Down the Numbers: We walk through Nelson’s chart, comparing Method D (a traditional CD) and Method E (IBC). In year 1, the CD looks better — $5,200 vs. $1,933 in cash value. But the IBC policy comes with a death benefit — nearly $478,000 from day one. That’s a game-changer for your family.
Fast forward to year 7: the CD sister has $41,000, the IBC sister has $36,000. Looks like the CD wins, right? But — and it’s a big one — the IBC policy now holds over $571,000 in death benefit. If something happens, her family gets that. Meanwhile, the CD sister leaves behind $41,000 (maybe less after taxes). Which legacy would you rather leave?
 
📌 Long-Term Vision: By year 15, the IBC policy pulls ahead in cash value too — $705,000 more than the CD by retirement age. It’s not about quick wins; it’s about the marathon. Are you okay trading $5,000 upfront for $700,000+ down the road? We’d say yes.
💡 It’s Not About the Numbers — It’s About the System:
You don’t need $5,000 a year to start. Whether you’ve got $150/month or $50,000/year, IBC adapts to your budget.
It’s flexible. The 7-year example is just that — an example. Policies can last 4, 7, 10, 20 years — whatever fits your life.
Legacy wealth. We’re not just talking about saving money. We’re talking about building a financial system that benefits your kids, grandkids, and beyond.
 
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!

Episode 11: Part 1 - Using IBC to Buy a Car
 
Welcome back to The IBC Guys Podcast! Mike and Dave are tackling a big one today — Using IBC to Buy a Car — and this is just Part 1 of a two-part series.
 
In this episode, we’re breaking down Nelson Nash’s book Becoming Your Own Banker. He lays out five ways to finance a car: leasing, bank loans, paying cash, using a Certificate of Deposit (CD), and using an IBC policy. We’re focusing on the last three — because they keep you in control of your money.
 
Let’s talk numbers. If you save $35,000 and buy a $10,550 car every four years for 44 years, you’ll end up with $52,270 using cash. With a CD (earning 5.5% interest), you’d have $259,000. But with an IBC policy? You’d have $964,000 — that’s $705,000 more than the CD.
 
The kicker? With IBC, you can pull $50,000 a year in passive income — for the rest of your life — and still leave $1.36 million to your loved ones. Your money keeps growing, even while you’re using it.
 
✨ Key Takeaways:
IBC puts you in control of your money — no more relying on banks.
It works for more than just cars — think groceries, bills, taxes, or any big purchase.
Your money grows uninterrupted, even while you’re using it.
IBC isn’t a get-rich-quick scheme, but over time, it outperforms traditional methods.
It’s customizable — you don’t need to start with $5,000 a year.
 
Part 2 is coming up — we’ll dive into why IBC looks “slower” early on and what’s really happening behind the scenes. See you there!
 
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!

Episode 10: How to Use IBC in Purchasing Real Estate
 
Welcome back to another episode of The IBC Guys Podcast! In today’s episode, we’re diving into an exciting and practical topic—how to leverage the Infinite Banking Concept (IBC) to purchase real estate. Whether you’re a seasoned investor or just getting started, this episode will show you how to use your IBC policy as a powerful tool to fund real estate investments and build long-term wealth.
 
Mike shares his personal experience in using IBC to purchase properties and walks us through the step-by-step process of putting an IBC-backed real estate investment strategy into action. We’ll break down the numbers, explain key terms, and demonstrate how this method creates a self-sustaining cash flow system over time.
 
Key Takeaways:
Why use IBC for real estate? Learn how an IBC policy can serve as a banking system, allowing you to control and leverage your own capital.
Step-by-step breakdown: Mike walks us through an example of using a $100,000 policy to acquire $2.4 million in real estate over four years.
Cash flow strategy: How to ensure a 25% cash-on-cash return while keeping control of your assets.
Double-dipping explained: Your money earns a return inside your IBC policy while being used to generate real estate income.
Common misconceptions: Addressing the biggest myths about IBC and real estate investing.
 
Join the Conversation: We love hearing from our listeners! Got questions about today’s episode? Send Mike an Instagram message (it’ll make his day!). Or better yet, give us a call—we’re always happy to chat about IBC, real estate, and how you can use this strategy to your advantage.
 
Next Episode Preview: If you thought this was exciting, just wait until our next episode! We’ll be breaking down how to use IBC for business financing—another game-changer you won’t want to miss.
 
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!

Episode 9: Dave’s IBC Story
Episode Summary:Welcome back to another episode of The IBC Guys Podcast! In this episode, we’re switching things up a bit as Dave shares his personal journey into the Infinite Banking Concept (IBC). From his early days as an educator to becoming a full-time entrepreneur, Dave walks through his path, his skepticism, and the pivotal moment that changed his financial mindset.
 
We also dive into how Dave and his wife transitioned from W2 jobs to running a land business, how they structure their finances using IBC, and the powerful benefits of filtering their cash flow through their policies. Plus, we share some fun stories—including a surprise appearance from Earl the Chicken!
If you’ve ever wondered how someone makes the leap into IBC or if you’re skeptical yourself, this episode is a must-listen.
 
Key Takeaways:
Why we started this podcast: To educate, be available for questions, and build a community.
Dave’s background in education and the transition into entrepreneurship.
The initial skepticism about IBC and how he moved past it.
How Dave and his family use IBC to run their land business.
The lightbulb moment that made IBC click.
Real-life examples of how Dave’s family benefits from IBC—including funding braces instead of using a 529 plan.
Why every person should consider IBC as part of their financial strategy.
 
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/
 
If you found value in today’s episode, please like, share, and subscribe. Your support helps us reach more people who can benefit from IBC. Let’s keep the conversation going!

Episode 8: Good Debt vs. Bad Debt – How IBC Fits Into the Equation
 
Welcome to The IBC Guys Podcast!
In this episode, we (Mike and Dave) dive into a topic that’s often misunderstood—good debt vs. bad debt. Plus, we explore how the Infinite Banking Concept (IBC) can help you transform liabilities into assets and take control of your financial future.
 
What We Cover in This Episode:
A fun backstory about Mike’s legendary $15 sport coat—yes, really!
The difference between good debt and bad debt, and why understanding this distinction is crucial for your financial success.
The simple definition of assets vs. liabilities and why most people get this backward.
How banks make money off of you—and how you can flip the script using IBC.
A real-world example of how we use IBC to turn a liability (like a truck loan) into an asset.
Why becoming your own banker is the #1 financial move you can make for yourself and your family.
The power of leverage—how good debt can fuel growth while bad debt holds you back.
 
Key Takeaways:
Good debt is used to acquire assets that generate income. Bad debt drains your wealth.
Banks have mastered the art of making money off your money—it’s time to take that power back!
IBC allows you to finance major expenses yourself while keeping the interest and control in your hands.
Getting started is key! You don’t have to fully understand everything right away—just take the first step.
 
Want to Learn More? Let’s Talk! We’re passionate about helping you implement IBC in a way that fits your life. Whether you have questions about where to start or how this applies to your financial goals, reach out to us:
 📩 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 like, subscribe, and share this episode with someone who needs to hear it! The more people understand IBC, the more financial freedom they can achieve.
Until next time, keep learning, keep growing, and start thinking like a banker!– Mike & Dave, The IBC Guys

Episode 7: Family Banking Legacy – How to Keep Wealth for Generations
 
Welcome back to another episode of The IBC Guys Podcast! We’re Dave and Mike, and today we’re diving into a topic that’s close to our hearts—family banking and building a lasting financial legacy.
 
What We Covered in This Episode:
Why generational wealth disappears – Ever heard the phrase “Shirt sleeves to shirt sleeves in three generations”? We break down why 70% of wealth is lost by the second generation and 98% is gone by the third—and more importantly, how to stop that from happening to your family.
The financial literacy gap – Most parents don’t believe their kids are prepared to handle an inheritance. We discuss why financial education is key to ensuring wealth lasts.
Biblical wisdom on legacy – We highlight Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” It’s not just about leaving money; it’s about leaving knowledge, values, and a system that sustains wealth.
How Infinite Banking helps – IBC isn’t just about life insurance; it’s about rerouting the money you’re already spending back into your family’s financial system.
Real-life examples – We share how we’re setting up policies for our own kids, teaching them how to use their policies while they’re young so they have a foundation for financial success.
The Rockefeller vs. Vanderbilt approach – Why one family built a multi-generational empire and the other lost it all—and what you can learn from them.
 
Take Action – What You Can Do Today:
Start now. The best time to plant a tree was 20 years ago. The second-best time is today. Whether it’s a small policy or a full system, just get started.
Educate your family. Teaching your kids financial literacy is just as important as leaving them money.
Connect with us. We’re here to guide you every step of the way. If you have questions about how to set up your own Family Banking System, reach out!
 
📅 Schedule a Call with Us: https://calendly.com/dave-familybankingsolutions/30min
📧 Email Us: Dave@FamilyBankingSolutions.com | Mike@FamilyBankingSolutions.com 
📞 Call Us: 507-205-2284
📲 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/
 
We love hearing from you—send us your questions, share this episode with a friend, and let’s build financial legacies that last for generations.
Thanks for tuning in! See you next time on The IBC Guys Podcast!

Episode 6: How Much Does an IBC Policy Cost?
 
Welcome back to The IBC Guys Podcast! In this episode, we’re tackling one of the most common questions we get: How much does an Infinite Banking Concept (IBC) policy cost?
 
The answer? It depends! There’s no fixed minimum or maximum amount—you can start with what works for you. We’ll break down how IBC policies work, what factors influence cost, and how you can start building your banking system today.
 
Key Takeaways:
No Set Cost – Think of an IBC policy like a savings account. You contribute what fits your financial situation, whether that’s $150/month or $10,000/year.Minimum Death Benefit Requirement – Your policy is tied to a life insurance contract, so your age and health determine the required minimum.Consistency Matters – Whatever amount you commit to, whether monthly or annually, needs to stay the same each year.You Can Expand Later – Want to contribute more? Instead of increasing an existing policy, you simply open a new one.
 
We also share a real-life example of how a young business owner is using his IBC policy to pay his cell phone bill—while simultaneously building legacy wealth!
 
Reach out to us, for a free consultation to see how IBC fits into your current financial situation. We’re here to help!
 
Schedule a call now by clicking this calendar link: https://calendly.com/dave-familybankingsolutions/30min
or call/text us directly at 507-205-2284
 
Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:
 
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/

Episode 5: Savings vs. Investing & Where IBC Fits In
 
Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle a common question: What’s the difference between saving and investing, and where does Infinite Banking (IBC) fit in? We break down the definitions of saving and investing, discuss how most people confuse the two, and explain why IBC is neither—it’s a cash flow system that helps you recapture money you’re already spending.
 
We also play a quick game of "Is it Saving or Investing?" to challenge the way you think about your money. Plus, we share real-life examples of how people are using IBC to redirect everyday expenses—like groceries, mortgage payments, and even cell phone bills—back into their own financial system.
 
If you've ever wondered, "Is IBC a good investment?" this episode is for you. Spoiler: IBC is not an investment, and we explain why that’s actually a great thing.
 
What You’ll Learn in This Episode:
The true difference between saving and investing
Why most people mistakenly think their retirement accounts are savings
How IBC helps you recapture money that would otherwise leave your household forever
Why your truck payment, mortgage, and even grocery bill are already part of your financial picture—and how IBC can optimize them
How to shift your mindset from investment-focused to cash flow-focused
 
Key Quotes:
“IBC is not an investment. It’s a cash flow system that helps you retain more of the money you already spend.”
“You’re not going to take your mortgage payment and put it into the stock market. So why not put it into IBC first and gain control over that cash flow?”
“What’s the rate of return on your grocery bill? Zero. But with IBC, that money stays in your system and continues to work for you.”
 
Reach out to us, for a free consultation to see how IBC fits into your current financial situation. We’re here to help!
 
Schedule a call now by clicking this calendar link: https://calendly.com/dave-familybankingsolutions/30min
or call/text us directly at 507-205-2284
 
Connect with us:
Website: https://familybankingsolutions.com/
Social Channels:
 
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/