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Life Success & Legacy: Daily Summaries Delivered
by Life Success & Legacy
Podcast by Life Success & Legacy
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- 2 weeks ago28 min
Mike Kwong on the Rewrite of DIBS On Your Money
What started as a collection of notes and ideas for their daughter Jackie became the first edition of DIBS On Your Money. Years of real-world experience later, Mike decided updates were needed. In this episode, Chris sits down with Mike to talk about how the book began, what changed in the second edition, and why the rewrite includes more personal stories and a deeper look at the Dynamic Income Banking System, especially how others are utilizing their system. If you’ve read the first edition, this one’s worth hearing before you pick up the update. If you haven’t, it’s a good place to start. Get your copy today! The post Mike Kwong on the Rewrite of DIBS On Your Money appeared first on Life Success Legacy.
- 3 weeks ago34 min
Common Myths and Misconceptions about IBC
This week we’re going through some of the most common myths and misconceptions about IBC. Some come straight from client questions and learning events, and plenty come from what’s floating around online. A lot of them stick because they sound reasonable until you look at how a properly designed IBC policy actually works. We take on a few them this podcast, say where the confusion comes from, and talk about what we’ve seen in practice. If you’ve heard something about IBC that doesn’t sit right, this one’s worth a listen. The post Common Myths and Misconceptions about IBC appeared first on Life Success Legacy.
- Sep 18, 202631 min
IBC is Caught not Taught
You’ve probably heard this one before: IBC is caught, not taught. Where did that phrase actually come from, and what does it mean in practice? We get into how LSL thinks about it — and why “catching” it tends to be a lightbulb moment, one that changes how people see the uses of their policy and, for a lot of folks, marks a real turning point in how they run their system. The post IBC is Caught not Taught appeared first on Life Success Legacy.
- Aug 28, 202634 min
Annual Prepaid Interest
This is one we’ve talked around plenty of times but never actually sat down and recorded on its own: annual prepaid interest. So that’s what we’re doing here. There are a few different ways to handle it, but we get into what it actually is, why it gets charged, why that charge actually works in your favor, and how each of us personally handles paying it. The post Annual Prepaid Interest appeared first on Life Success Legacy.
- Aug 15, 202634 min
Revisiting Aggressive Policy Design
This week we’re back on a question that comes up all the time in Boot Camp: how aggressive should your policy design actually be? We’re all for putting a policy to work right away, whether that means paying down debt or covering everyday expenses, but ultra-aggressive design is where we draw the line. We go through several examples, including a few from our own experience, and no one on the Life Success & Legacy team designs policies this aggressively. Ours typically run even more conservative than several of Nelson’s examples. Worth a listen as you decide how to design your policies. The post Revisiting Aggressive Policy Design appeared first on Life Success Legacy.
- Jul 24, 202642 min
Why We Started Our Policies (and How We Funded Them)
Clients ask us this all the time: how many policies do you actually have, how did you fund them, and do you really need more than one? In this episode, we go through our own systems and provide an overview of why we started each one, and the reasoning behind adding more. The post Why We Started Our Policies (and How We Funded Them) appeared first on Life Success Legacy.
- Jul 6, 202649 min
Interview with Mike Everett – 2026 Edition
Chris sits down with Mike Everett — founder, leader, el jefe, take your pick — to get into IBC, Nelson Nash, and what’s been happening with LSL. Grab your coffee for this one cause you know an Everett interview is not to be missed! The post Interview with Mike Everett – 2026 Edition appeared first on Life Success Legacy.
- Jun 5, 202647 min
Interview with Andrew Dalager
What happens when a former principal runs into one of his old elementary school students — years later — and they’re both deep into the Infinite Banking Concept? That’s exactly this episode. Chris sits down with Andrew Dalager for a conversation that’s equal parts reunion and revelation. They reminisce about the early days, catch up on life and family, and then get into the good stuff: how Andrew found IBC, why it clicked for him, and the banking system he’s been steadily building ever since. It’s a great reminder that this concept finds people in all kinds of ways — and once it does, there’s no going back. The post Interview with Andrew Dalager appeared first on Life Success Legacy.
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