14 Jun 2016

The Lara-Murphy Show: How-To Guide for Starting IBC, Part 2

Lara-Murphy Show 3 Comments

In this episode, Carlos and I explain the prep you should do before the first meeting with an authorized IBC Practitioner.

3 Responses to “The Lara-Murphy Show: How-To Guide for Starting IBC, Part 2”

  1. SB says:

    Interesting. But can the “average Joe” really take advantage? I mean, is it worth it if I only have say $50-100 bucks a month to give towards it?

    I can borrow from my 401k at no interest. What’s the difference?

  2. SB says:

    A few other random thoughts (and I guess I’m repeating myself here a bit):

    -You mention that a benefit is to be able to loan yourself money at a low fixed interest rate. If my credit score is excellent, I’m getting low rates anyway.

    -If I have a 401k in which I receive company match, and can borrow from at zero interest, would an IBC still benefit me?

    -What happens if you purchase a IBC policy, the economy takes a downturn, and I can no longer make the agreed upon monthly payments?

    -Is this kind of a substitute for what savings accounts used to be interest bearing places to park your money?

    -I’m guessing the earlier you start the better. Can a young kid just getting out of high school start one of these at say $20 a month?

  3. SB says:

    Free Advice? Bueller? Bueller?

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