Episode Details

This month, we’ve seen three separate banks collapse - two of which literally made history. Dave and Paul would never say “I told you so”, but they would tell you that banks behaving badly is just par for the course.

In this week’s episode, the guys address the recent bank failures - namely Silicon Valley Bank. They’ll take you through why it failed, what it means for the future as well as what you can do to avoid it.

Additionally, Dave and Paul talk about banks broadly, the issues that can arise and why insurance companies are a better bet.

Is IBC for you? Use this link to schedule and intro call with us: 

https://calendly.com/dave-743/wealth-warehouse-intro-call

DON’T FORGET - Join us on March 21st at 7pm Central Time for another Live Q&A with Paul and Dave!

Register here:

https://us06web.zoom.us/meeting/register/tZMlduGuqzgpHdFEY_k0BItKZVYq4FgtvhZv

Episode Highlights:

(0:00) - Introduction

(0:30) - Episode beginning

(2:31) - Webinar reminder!

(3:07) - Reviewing the big bank failures

(6:59) - Silicon Valley Bank and the bigger problem with banks

(17:22) - FDIC

(21:38) - Some alternatives to banks

(24:58) - How safe are life insurance companies?

(33:24) - Comparing insurance companies to banks

(41:38) - Some other comparisons to draw

(45:08) - 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:

davidandpaul@theibcguys.com