Shownotes Transcript
In this week’s episode Dave and Paul explore how you can create policies to store money purely for charitable giving, or tithing. It all started with a “eureka” moment that Dave had when he realized that even his money set aside for charity doesn’t need to sit in someone else’s bank - and why should it?
From there, Dave set out to design a policy that can be flexible enough to co-exist with a range of income levels. Like most of the success you experience in IBC, it’s about policy design!
For those of you that are in the habit of giving, you won’t want to miss this episode and the blueprints that the fellas give you to help make these types of policies work with your banking system!
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
3:49 - “What’s the value of a dollar you can’t access?”
8:36 - Dave’s tithing policy
11:34 - How do you set this up?
18:25 - Think down the road
19:52 - The liquidity problem
22:25 - Changing the sequence of the money
23:35 - Getting around that first year
27:31 - Another quick way to make this type of policy happen
32:38 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494)
https://infinitebanking.org/agents/Befort399)
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/)
https://www.linkedin.com/in/paul-fugere-762021b0/)
Email: