Infinite Banking 101 with Sarry Ibrahim
Sarry Ibrahim founded Financial Asset Protection after learning about the Infinite Banking Concept (also known as the Bank On Yourself Concept). He saw this as an opportunity to save retirement accounts, real estate properties, and businesses from market failures and other risks. Sarry believes the number 1 rule to your money is to make sure it lives somewhere safe and accessible. Sarry is passionate about helping achieve their financial goals, and her mission is to provide her clients with sound advice and personalized guidance. If you’re interested in founding out how to build wealth without relying on Wall Street, this episode is a must-listen!
[00:01 – 06:30] Opening Segment
- Sarry discusses Infinite Banking strategy
- This strategy allows people to grow their wealth outside of the control of banks and the stock market
- It involves investing real estate, which is a reliable and tax-free way to do so
- The strategy is also beneficial because it offers a predictable and guaranteed return, as well as the ability to avoid taxes
[06:31 – 19:39] Infinite Possibilities with Infinite Banking
- Sarry discusses how universal life insurance is a combination of term and whole life insurance, with the benefits of both types of insurance
- It has a start date and an end date, but it can also have cash value within it
- He discusses how insurance companies offer guarantees on both the guaranteed return (cash value growth) and the non-guaranteed side (dividends)
- The term life insurance policies are cheaper than whole life policies, and can be purchased for a lower monthly cost
- He says that infinite banking is a strategy that can be good for somebody who has a growth mindset and wants to take a different approach with their money
[19:40 – 25:56] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at www.escapingwallstreet.com
- What is the best investment you’ve ever made other than your education?
- Sarry says the best investment that he made when he first became self-employed where he hired a life coach. It taught him how to think differently about being an entrepreneur and believing in himself
- What is the worst investment you’ve ever made?
- Sarry says that the worst investment that he made was investing in Bitcoin
- What is the most important lesson that you’ve learned in business and investing?
- Sarry says that the important lesson that he made was surrounding yourself with the right people
Sarry can be reached directly at [email protected], subscribe to his podcast: “Thinking Like a Bank” or by scheduling an appointment here: https://calendly.com/financialservicesins
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Tweetable Quotes:
“It’s important to think of like having at least one place where you can accumulate wealth. That’s not going to be affected by anything that goes on.” – Sarry Ibrahim
“Entrepreneurs and people with growth mindset would look at that and be like, that 1% a year difference or 1% a month difference in my personal development, and the way I view life, and the way I view my business and the way I view mining could make a dramatic difference.” – Sarry Ibrahim
“Surround yourself with the right people. Even surround yourself with people who are way ahead of you, like who are at least 10 or 15 years ahead of you in what you’re currently doing, because subconsciously you become like the people around you.” – Sarry Ibrahim
About our Guest
Sarry Ibrahim
Sarry Ibrahim real estate investors, business owners, and full time employees grow safe and predictable wealth regardless of market conditions using a financial strategy that has been around for over 160years.
Sarry started this journey when he was in grad school completing his MBA. He worked for companies like Allstate, Blue Cross Blue Shield, Cigna Healthspring, and Humana before founding Financial Asset Protection, a financial services firm that focuses on one sole concept; the Bank On Yourself Concept, also known as the Infinite Banking Concept
Sarry Ibrahim founded Financial Asset Protection after learning about the Infinite Banking Concept (also known as the Bank On Yourself Concept). He saw this as an opportunity to save retirement accounts, real estate properties, and businesses from market failures and other risks. Sarry believes the number 1 rule to your money is to make sure it lives somewhere safe and accessible. As Sarry states when working with clients “it is never an either/or situation, it is a both/and situation. We want you to integrate the solutions we recommend alongside your business and real estate portfolio to have a double-compounding effect on your money.”
Sarry earned his MBA from Keller Graduate School of Management in Chicago, IL and has consulted companies like Blue Cross Blue Shield, Allstate Insurance, Humana, and Cigna Healthspring.
Sarry lives in Chicago with his wife Dina who is an oncology nurse.
Sarry can be reached directly at [email protected]
or by scheduling an appointment here:
https://calendly.com/financialservicesins
