FWTB - Ep. 106 - Premium Financing with IUL and Guest Wade Borth
Farmers are being targets with borrowing against land to fund policies or using a the bank directly through a trust. Wade and I discuss why this is not IBC or ...Farming Without the Bank.
FWTB - Ep. 106 - Premium Financing with IUL and Guest Wade Borth
Farmers are being targets with borrowing against land to fund policies ...
Farmers are being targets with borrowing against land to fund policies or using a the bank directly through a trust. Wade and I discuss why this is not IBC or ...Farming Without the Bank.
Abundance Unlocked: Navigating the Five Areas of Live with Factum
Hosting today's episode is Wade Borth, agent mentor at Factum. He ...
Hosting today's episode is Wade Borth, agent mentor at Factum. He explores the concept of abundance in five key areas of life: Spiritual, personal, family, financial, and occupational. Wade discusses ...the importance of relationships, vision, and taking action to achieve true abundance. Discover how the community at Factum helps individuals align their values and goals to lead more fulfilling lives. Tune in for insightful conversation that goes beyond dollars and cents, focusing on the journey to becoming the best version of yourself. Explore more at factinfinancial.com and see if our values align with yours.
Highlights
00:28 What the community of Factum looks like
01:27 The five circle exercise is how it aids in focusing on creating abundance in all areas of life
01:46 The spiritual aspect of life,
02:10 Need for a strong relationship with your higher power to drive your life
03:26 The personal aspect of the five circle exercise
04:19 The family circle in the five circle exercise
05:41 Importance of abundance rather than only focusing on dollars and cents
06:26 Having a balance and awareness in one's occupation
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1+1=11 with Wade Borth | PBF 02
Kyle Fuller and insurance specialist Wade Borth discuss their shared ...
Kyle Fuller and insurance specialist Wade Borth discuss their shared vision for the life insurance industry. They emphasize focusing on community and relationships, and their goal of building a mutually ...owned agency with 5,000 agents. Their principles are summed up by the acronym FACTUM (Focus, Authentic Leadership, Compelling Vision, Training and Coaching, Unrelenting Innovation, and Mutually Owned). They believe in intentional growth in all life aspects and aim to create long-term abundance.
families
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The Factum Community with Wade Borth
Kyle Fuller and insurance specialist Wade Borth discuss the ethos at ...
Kyle Fuller and insurance specialist Wade Borth discuss the ethos at Factum - using their business to build an abundance-minded community founded on strong relationships. They highlight the 'infinite banking' ...concept, using life insurance as a tool for financial education to empower others. Finally, they advocate for whole life insurance and infinite banking to serve clients and attract passionate contributors.
Highlights
01:53 The role of content and community in Factum
09:48 The right use of money and using it as a tool to fund goals and visions, not just for making money
17:30 The impact of the "Becoming Your Own Banker" book on their agents and the paradigm shift it inspired
19:36 Uniqueness of the community they've created
21:45 Value of communal reading and the alternative perspectives a book club can offer
24:57 The guiding visions and long-term perspectives shaping their business
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Factum is a Leadership Development Agency
Kyle Fuller and insurance specialist Wade Borth argue that they ...
Kyle Fuller and insurance specialist Wade Borth argue that they operate a leadership development agency that sells insurance. They prioritize empowering their agents and fostering an abundant community. They emphasize ...personal and business growth innovations, such as transforming non-productive habits into productive ones and advocating long-term, intentional thinking. Kyle and Wade offer training programs and mastermind gatherings for agents to learn and lead.
Highlights
01:24 The importance of helping clients live abundantly and the impact on various areas of their lives
03:54 The abundance mindset and the importance of long-term thinking to their approach
07:32 Leadership and focusing on an 'infinite thinking mindset'
10:18 The importance of nurturing agents and building them into better leaders
17:09 Developing a signature contacting method and its impact on business growth
20:50 Striving for long-term results and educating agents on how to scale and run a business effectively
27:49 The need of planning for long-term success and equipping agents with skills to stay in the business
33:21 Importance of infinite thinking and exposure to different perspectives within the Factum community
33:44 Immense value of live events
What Does Powered by Factum mean For You? with David Zapata
Following last week's episode, today Wade and David do the What behind ...
Following last week's episode, today Wade and David do the What behind Powered by Factum. They discuss what each letter of Factum represents and what it means to be a ...part of the Factum brand, and the importance of mentorship to help you be the best version you can be - not only to yourself but also to your clients. Take a listen to see if being Powered by Factum is just the fuel you need!
Highlights
02:03 The meaning and relevance of 'factum,' a term they define as the statement of facts and its relation to their business approach
07:36 Authentic Leadership and the need for constant self-development
13:32 How a compelling vision can lead to new solutions and innovative actions, leading to the points about the focus on Training and Coaching'
15:43 Importance of sharing your knowledge, skills, and experiences with others rather than keeping them to oneself
19:33 The coaching process and how the success of trainees in turn enables them to mentor and coach others, thus creating a powerful ripple effect
20:47 How the consumer and the mentor can blur the lines between work and creativity
23:21 Opportunities for becoming a mentor at Factum or scaling up one's business under Factum’s guidance
27:33 Factum's core principle of mutual ownership
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The Value of a Mentor with Wade Borth
Guest host Wade Borth steps in again today to discuss the importance ...
Guest host Wade Borth steps in again today to discuss the importance of mentorship and the personal and professional benefits that come with it. He shares that in his personal ...journey as an IBC mentor to fellow agents, he's learning from his mentees as well. The value a good mentorship can bring to not only the agent, but also the client is invaluable. Tune in to hear more about what a good mentor can do for you!
Highlights
00:19 The value of having a mentor
02:17 Dynamics between a mentor and mentee and why it must be a two-way, mutually beneficial relationship
03:43 How working with mentors can lead to bigger business growth
05:29 Parallel between overcoming storm damage and approaching a mentor-mentee relationship
08:45 Why agents should consider the value a mentor can bring into their business
10:28 The mentor's role in the growth of the mentee's personal and professional development
12:22 Significance of equal value derived from a mentor-mentee relationship for its success
13:08 The importance of finding a mentor whose values align with yours and setting clear boundaries in the relationship
Creating Abundance in All Areas of Life with Wade Borth
In today's episode of Powered By Factum, Kyle and Wade share their ...
In today's episode of Powered By Factum, Kyle and Wade share their vision to serve a million clients. They discuss how their leadership team focuses on success, authentic leadership, and ...a compelling vision while providing valuable training and coaching to life insurance agents. Discover what sets Factum apart in the industry and why we believe in a transformational approach over a transactional one. If you're an agent looking to be part of a community that helps you grow, scale, and achieve your compelling vision, Factum might be the right fit for you. Join us in this journey of building a mutually owned agency that's stronger together and focused on creating abundance in all areas of life.
Highlights
01:27 How to know if Factum is right for you
03:13 Definition of a “go giver”
07:19 The importance of passion for teaching the IBC the right way
11:02 Factum's structured program enabling agents to progress from a new agent to a CEO-level position through a proven system
14:21 The support and infrastructure provided by Factum, allowing agents to operate as a business CEO and achieve accelerated growth.
15:22 Success rate of agents scaling to a seven-figure business and how Factum's infrastructure benefits agents seeking growth
17:39 The need for a mindset shift, transformation, and building a community centered on growth and abundance in all areas of life
22:27 Addressing the need for balance and abundance in various life areas
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Beat The Banks Book Review: Part 1 with Wade Borth
Kyle Fuller and Wade Borth discuss the philosophy of "Becoming Your ...
Kyle Fuller and Wade Borth discuss the philosophy of "Becoming Your Own Banker" by Nelson Nash, emphasizing the importance of personal banking as a transformative and patient process which involves ...changing mindset and habits around money. They recommend using whole life insurance policies as a secure foundation for personal banking, but note that insurance is a tool and not the whole solution; the mindset shift is critical. They highlight the importance of repaying any loans taken from these policies and treating personal banking like a business, with a focus on continuous growth and learning. They underline that everyone, not just the wealthy, can and should harness this concept, starting with as little as 10% of income. The hosts stress upon the significance of liquidity or accessible cash in wealth building, and drive the point home that success comes from how individuals control their money.
Highlights
03:36 The book's primary intention as a roadmap to becoming your own banker and not as a sales tool for insurance professionals is discussed.
04:08 The term 'becoming' signifying a transformation to becoming your own banker and the need for a roadmap in this journey is discussed.
09:02 A compare and contrast discussion about the mindset transition from being an employee to a business owner and then becoming your own banker.
14:27 The shift in paradigm to create an environment that captures more income as it flows through life forms the concluding discussion.
17:50 Identifying the Problem
20:57 Developing Personal Understanding
23:48 Infinite Applications: They discuss how the utilization of one's private banking system is infinite and it ultimately depends on the individual's imagination and vision for their life.
28:26 Reinforcing Business Profits
32:54 Changing Spending Habits
34:01 Annual Spending Patterns
35:13 The Mortgage Trap
41:43 Access to Large Pool of Money
44:11 Importance of Commitment
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Beat The Banks Book Review: Part 2 with Wade Borth
Kyle Fuller and Wade Borth discuss Nelson Nash's idea of ...
Kyle Fuller and Wade Borth discuss Nelson Nash's idea of self-financing through insurance policies as well as the concepts in his book, Becoming Your Own Banker. They explore human attitudes ...towards money, emphasizing that understanding these behaviors is as important as understanding numerical financial data. They highlight the challenges of inadequate savings and increasing expenses, and stress the importance of disciplined financial planning.
Highlights
00:54 The problem of not saving enough and how it ties into the traditional banking system
04:44 Saving rate and how to increase it from average using the book's concepts
07:35 Understanding Parkinson’s Law
15:26 Why government's control on money and rules of savings programs is disturbing and infringes on personal responsibilities
23:58 The importance of a strong foundation for building a financial future, with emphasis on whole life insurance as a tool
36:14 Educating people to empower them to think for themselves in financial matters
42:18 Importance of understanding the qualities and benefits of whole life insurance reiterated
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Beat The Banks Book Review: Part 3 with Wade Borth
Kyle and Wade round off their discussion on 'Infinite Banking', ...
Kyle and Wade round off their discussion on 'Infinite Banking', encouraging a disciplined, long-term approach to this strategy. They advise individuals to keep their wealth in a secure environment like ...whole life insurance, pointing out that the need for finance during one's lifetime is more significant than the need for life insurance protection. They discourage the practice of transferring wealth to commercial banks and recommend shifting savings to whole life insurance prior to using it for other investments. Kyle and Wade stress the importance of educating future generations about these principles to ensure effective financial stewardship and endorse the idea of introducing family members to the concept of infinite banking to allow them to also attain financial freedom and control.
Highlights
00:45 The importance of starting affordably and comfortably, and building a saving strategy
02:23 Diverse ways to maintain banking function in one's life and comparison with using life insurance policies for the purpose
04:24 How the system of building one's own banking function works
07:14 Understanding that individual banking strategies should and will differ
09:25 The importance of personalized strategy in infinite banking
14:10 The emotional and financial distress triggered by an unexpected revocation of a line of credit
16:11 Communicating the peace and tranquility that comes with financial control
20:59 The impact of Nelson's teachings on the future of individual financial growth
31:42 The importance of joining a wealth club to learn from others implementing the same financial strategies
35:43 The cost of acquiring a business and how efficiently utilizing a properly structured whole life insurance can mitigate those costs
41:44 The misconception of 401k as a profitable investment
45:04 How prioritizing the need for financing through life insurance cash values can lead to surplus life insurance during retirement.