43-Year-Old Uses Infinite Banking To Wipe Out His Debt Naked Numbers

Meet Brian, a 43-year-old clinical laboratory scientist turned healthcare IT analyst from California. He's a family man with a passion for teaching and personal finance strategies like velocity banking and Infinite Banking Concept (IBC). Recently, we had the privilege to dive into a discussion with Brian on our Naked Numbers series.

Getting to Know Brian

Brian has a rich background that shapes his ethos today:

• Family: Married with four children, ranging from a sophomore in college to a sixth-grader.
• Personal Interests: An avid soccer player influenced by his French roots and a passionate triathlete who completed an Ironman.
• Professional Life: Transitioned from a clinical laboratory scientist to healthcare IT, combining a love for computers and healthcare.

Philosophy on Wealth and Intentional Living

During our conversation, Brian shared profound insights into living intentionally:

"The value of your life is always measured by how much of it was given away."

For Brian, living intentionally means serving others and pushing human boundaries, epitomized by his pursuits in Ironman competitions. He believes in living a life of impact by teaching and connecting people, whether through his work or community service.

Background on Money Management

Brian's views on money were heavily influenced by his upbringing:

• His father was a produce manager but had a background in business and real estate.
• His parents taught him budgeting principles early on, providing him with tools for financial discipline.
• Learnt to budget with simple tools like a three-slot saving box: for personal, charitable, and spending purposes.

Discovering Infinite Banking Concept (IBC)

Through happenstance, Brian discovered Infinite Banking Concept while scrolling through Instagram. This led to a significant shift in his approach to personal finance:

1. He took a loan from his 403B to fund his first IBC policy.
2. By dumping a large sum into the policy initially, he leveraged the market downturn to his advantage.
3. IBC became a staple in his financial strategy, allowing him to manipulate cash flow and assets more effectively.

Current Financial Overview

Brian shared details about his financial landscape:

• Gross Family Income: Approximately $155,000, with additional overtime possible from his job.
• Liabilities: Currently has a 403B loan of $21,000 at a 5.25% interest rate.
• Future Goals: Plans to work by choice, focusing on passion projects and intentional living by age 60.

Conclusion

Brian's story is a testament to the power of knowledge and intentional financial planning. By integrating traditional money management principles with modern concepts like IBC, Brian illustrates a path toward financial freedom and intentional living. His journey reaffirms the idea that wealth is not just about accumulation but also about impactful giving and wise planning.

If you resonate with Brian's journey and approach to personal finance, consider exploring IBC and the potential it holds for your financial future.