Want to get started? Here’s a Step-by-Step Guide

Step 1: Join the CreateTailwind Community

• Why: Gain access to a wealth of free resources including detailed courses that explain the ins and outs of IBC. You’ll connect with a community ranging from new practitioners to those who have decades of experience.
• How: Click here to sign up for the free community at CreateTailwind. 

Step 2: Educate Yourself Through CreateTailwind Courses

• Why: Understanding the fundamental concepts and benefits of IBC is crucial before you implement the strategy.

• How: Begin with foundational courses such as “What is IBC?” and “Becoming Your Own Banker” available through the CreateTailwind community. These courses will provide you with a solid understanding of how to manage your personal finance system using IBC.

Step 3: Schedule a Q&A Call with CreateTailwind

• Why: It’s important to answer your questions, clarify any doubts and tailor the concept to your specific financial situation.
• How: Book a no-sales, informational Q&A session with the CreateTailwind team. This step ensures you fully understand IBC and can make an informed decision about integrating it into your financial strategy.
  

Step 4: Financial Assessment and Goal Setting

• Why: Evaluating your current financial health and setting clear goals is essential for customizing the IBC to your needs.
• How: Review your financial statements, assess income streams, outline your long-term financial objectives, and have the conversation with significant other and family. This will help guide your decisions in the subsequent phases.

Step 5: Decide on Your Investment Strategy

• Why: IBC allows you to leverage your policy’s cash value to invest in cash-flowing assets. Choosing the right assets is crucial.
• How: Consider various investment options such as real estate or business ventures. Evaluate each based on potential returns, risks, and alignment with your financial goals.

Step 6: Policy Design and Purchase

• Why: A properly structured whole life policy is the cornerstone of effective IBC practice.
• How: Work closely with a CreateTailwind agent who specializes in IBC to design a policy that maximizes cash value growth and fits your financial plan. Make sure the policy is flexible and tailored to your financialneeds.

Step 7: Implementing Your Strategy

• Why: With your personalized policy in place and a clear understanding of your investment targets, it’s time to put your plan into action.
• How: Start by funding your policy adequately and then begin using your policy loans to invest in chosen assets. Monitor these investments and the performance of your policy regularly.

Step 8: Regular Review and Adaptation

• Why: Continuous assessment ensures your strategy remains responsive to any personal or economic changes.
• How: Schedule annual reviews with CreateTailwind to adjust your plan, reassess your investments, and make necessary changes to your insurance policy.

By following these steps, you’ll not only establish a solid foundation for using IBC but also ensure that your approach is continuously aligned with your evolving financial goals. Infinite Banking is not a one-size-fits-all solution; it’s a personalized financial strategy that empowers you to achieve financial independence and build lasting wealth.