In this episode of the Wade Borth Podcast, Wade welcomes Michael Hession, fellow Nelson IBC practitioner, to share his personal journey into Infinite Banking. From running a marine canvas shop to experiencing the financial crash of 2008, Michael's story highlights the importance of building a strong foundation and controlling the banking function in your life. Together, Wade and Michael explore how Infinite Banking creates peace of mind, financial resilience, and the ability to turn debt into wealth for generations.

Episode Highlights

[03:54] Understanding the significance of Infinite Banking Concept (IBC).

[07:23] Michael's early career and business journey.

[10:31] The impact of the 2008 financial crisis on Michael's finances.

[12:44] Transitioning to financial services post-bankruptcy.

[15:37] Discovering IBC and leaving the traditional financial industry.

[19:14] Empowering people through financial education and IBC.

[22:49] Importance of building financial foundations and saving habits.

[25:09] The misconception around rates of return versus peace of mind.

[30:39] The legacy potential of family banking systems.

[36:56] Liquidity and life insurance in business continuity.

[42:15] Discussion on the purpose and value of whole life insurance.

Episode Resources

• Connect with Wade Borth

• • https://www.sagewealthstrategy.com/

  • wade@sagewealthstrategy.com