Episode 367: A Bank on Yourself® Manifesto with Dave Bonnemort

Not Your Average Financial Podcast™

In this episode, we ask:

• Would you like to hear Part 1 with Dave Bonnemort?
• What about mindset?
• What about cash value life insurance?
• What is the point of all of this?
• What about building capital?
• Can you do hard things?
• What’s Dave’s experience with his policies?
• What about thinking long range?
• Do you want a million dollars today or a penny that doubles every day?
• What about dividends?
• What was Nelson Nash pounding the drum about?
• When do you want your money to be most efficient?
• How does the Bank on Yourself® or Infinite Banking strategy fit into the E.S.I. framework we talked about last week?
• What about warehousing your wealth?
• What about emergency funds?
• What about starting a business and access to opportunity funds?
• What about looking at the flow of money?
• What about the Profit First book?
• How does Dave pay his taxes?
• How does Dave protect the family and the business?
• What is the Augusta rule?
• What about paying for college and beyond?
• What about saving to drive the efficiency of the dollars?
• What about real estate, crypto or starting a business?
• Does the choice have to be either/or?
• How is life insurance an “and asset”?
• How do the tax dollars pay for the life insurance premium?
• What did Dave learn from Nelson Nash?
• What about insurance as an asset class?
• How did Dave choose to work with Mark?
• Do you build capital in an investment?
• Who gets burned?
• What about ruminating over all of the information, to really absorb and learn it?
• What about being more strategic?
• What about paying a simple interest rate back to the insurance company?
• What about having capital for opportunities?
• What about getting better terms for cash (vs. financing)?
• What about the example of the two sisters: the life insurance sister vs. the C.D. sister?
• Why are books so important and so much better than social media?
• What will take time?
• What is a 30 year journey and process?
• Who understands how to handle lump sums?
• Who is willing to hustle and grind?
• What are the strategies you can employ when you can’t pay a premium?
• What about thinking long term?
• Would you like to hear Episode 95 and Episode 96?
• How might life insurance figure into your overall situation?
• How might it be a safety net as well as accessible capital?
• How might patience lead to exponential growth over time?
• What about talking with your family to teach financial concepts in a practical way?
• Would you like to meet with Mark?

Dave Bonnemort is a current client and active practitioner of the Becoming Your Own Banker concept, as well as a husband to an amazing wife and father to three incredible kids.

He makes his living as a small business owner, is a student of Austrian economics, and a personal finance junkie.