Real Estate Secrets: Guide to Infinite Banking Success

Stephen S. (00:02.824)
Welcome to the show where we interview the nation’s leading real estate entrepreneurs Welcome back to the show if you’re joining us for a second third or hundredth time and welcome to it if you’re joining us for the first time today We’ve got Kyle Nott in the studio and this is gonna be an absolute treat for you guys because Kyle is an absolute expert at one of the

lesser known strategies within real estate investing that can be utilized in pairing with life insurance, otherwise known as the infinite banking concept. Kyle has been deploying this strategy within his own real estate journey for over seven years. He’s been a real estate investor for over a decade and we are going to hop right into it have a great conversation. But before we do that, just remember at Investor Fuel, we help real estate investors, service providers and real estate entrepreneurs.

two to five X their businesses to allow them to build the businesses they’ve always wanted to allow them to live the lives they’ve always dreamed of. That being said, Kyle, welcome to the show today.

Kyle Nott (01:08.344)
Alright, glad to be here. Thanks for having me.

Stephen S. (01:10.626)
Yeah, I’m super, super glad you’re here. I’m grateful to be able to get to know you a little bit. And I’m really excited to get to talk about today’s topic since it’s something near and dear to my heart. I’ve had a few different careers over my lifetime and being in insurance at one point was one of them. so I’m to have a ton of questions coming your way. But before we do that and get started there, can you share just a little bit about yourself and how you got here for our listeners?

Kyle Nott (01:37.742)
Yeah, so I kind of got into my went to college got nine to five did that thing and I kind of had not a moment. My dad told me to put 15 % into your 401k and you retire a rich man. Okay, I’ll do it. And then at that point, I got the crunches of numbers and it’s like, wait, I can never really enjoy this money until I’m old. Like I don’t want to work my whole life. I want to try to retire early. So I kind of I caught the real estate bug and

Like why not have someone else live in a house and pay all the bills and then hopefully the house appreciates in value. get all kinds of tax benefits from it and I’m putting money in my pocket at the end of every month too. So then it’s like, okay, let’s do this. then I kind of, it’s been like I said over a decade ago, I started with my first house and I didn’t do it very well, but boy do we learn from our mistakes real quick. And then it’s like, okay, let’s keep.

keep doing this so kind of been chipping away at it over the years I’ve bought and held most of them I’ve had a couple problem properties like I I don’t want the headache anymore so I I have sold I think I’ve only sold two but yeah I made my way to 33 doors at this point which is I for me I never thought I’d be here but it’s everything’s kind of working its way out and I’m looking to put a couple more under my belt here in the in the very near future so it’s been a it’s been a wild ride

Stephen S. (03:03.502)
Love it.

Kyle Nott (03:05.038)
Always fun.

Stephen S. (03:07.168)
Now, let me ask you this. When you first got started, you had that aha moment, right? What was your strategy back when you got started in purchasing this house? What was that real beginning stages for you like when you had that moment of I’m not going to retire young and I can’t enjoy any of my money till I’m old and I got to do something different? And then like, what was that strategy when you transitioned to be like, I got to do something?

Kyle Nott (03:35.832)
So yeah, I’ve always been a diligent saver. And when I was finally, you know, got out of college and I’m making some decent money and I had a good little nest egg at this point. And it’s like, if I take what I’ve got and I put it here, it’s like, okay, I can do this. And then that’s my down payment money basically. I didn’t really know any, and knowing what I know now, you know, there’s wholesalers and there’s earnest money.

lenders and there’s all kinds of other stuff you can you know the zero the zero down mentality I never really got into that I didn’t want to I kinda maybe I’m old school whatever it is but I want to save up for that down payment is as soon as I could get the down payment and I go buy something I’ve only bought a handful of properties that were off-market you know after you’ve been in the industry for a while people know who you are and you start to make some more friends you know in different areas and they

they will, believe it or not, start to bring you some deals. They’re few and far between at this point, but back in 2012, 13, it was like shooting fish in a barrel. So I wish it was that easy still, but that was just kind of what got me going, and that’s just kind of the path I’ve been on. I didn’t really want to go from zero to 100 properties in a month. Slow, steady growth is kind of…

my personality and it’s just it’s working for me so I’m gonna I’m gonna keep on doing what I’m

Stephen S. (05:10.594)
that. Now, so let me ask you this, when did you first come across the infinite banking concept and what clicked for you about using it in real estate?

Kyle Nott (05:20.684)
Yeah, so the I’m saving saving saving trying to get that that next down payment and I kind of made a little made a little drawing on the on the board behind me so I’ll if you want I’ll bring my microphone over here too. What I would do is I would start and I’d save a little bit save a little bit save a little bit and then you know whatever this time period is for everyone it’s different so maybe it’s a

you maybe it’s in years. first couple, it would take me a couple years to save up enough for a down payment. So you’ve got a little bit, if you’re doing this in a savings account, you get a little bit of interest. Point on nothing is what I like to say, maybe you can find, if you got a bunch of money in there, you can find a little better rate, but it’s basically terrible. So you build up, and by the time you get a lot of money, you’re making some interest, but then you take it all down to almost zero.

and there goes your down payment. we bought a cash flowing asset, so maybe just throw out easy numbers, maybe you use this, you bought a cash flowing asset, a rental house that you’re cash flowing $200. And maybe this was $1,000 a month that you’re able to save and then now you’re cash flowing $200 more a month, so you’re able to build this up faster and you’ve got your, whatever your regular was, plus your cash flow.

and a little bit more interest from the bank, not much, but a little bit. And then you build yourself up and as soon as you got enough for the next one, boom, you wipe it all out. And now you’ve got two cash flowing investments. So now you’ve got, you know, maybe another $200, hopefully more, but just rinse and repeat. you just keep building yourself up to that ceiling. As soon as you get to where you want to be, you crash it all the way down to zero, which there’s nothing wrong with that. That’s what I did.

start with and then I was like, okay, was just, was doing construction and I would have to drive from job site to job site, multiple job sites every day and I found out, I figured out how to use the podcast app on my phone and I started getting into real estate investing podcasts. It’s like, holy cow. So I started learning about different ways to do this. There’s nothing wrong with this. But then I came across the infinite banking concept and that,

Kyle Nott (07:49.58)
never really take your money out. It always keeps growing. that’s kind of what this example is over here on this side. Same thing, now at this level is equal to that. I couldn’t keep them to scale just because that is so much bigger than the savings way. But what this does over here is

You’re saving, saving, saving, saving, but what you’re doing is you’re putting it into your policy. You’re ramping up this policy, the cash value of the policy. And yes, there’s a little bit of insurance involved because it is an insurance product and there’s some parameters you have to put. You do have to have the insurance, but what we’re doing is we’re ramping this cash value up so fast that in the same time period, we’re gonna buy, say, a cash-lending asset. And what we’re gonna do is instead of taking the money out, is we take a loan against the value.

Since we’re real estate investors here, this is so much like a line of credit. Like if your house is worth half a million dollars and you owe 250 on it, you’ve got 250 of equity. Basically, that’s what this cash value is. This is an asset that over time is guaranteed to go up in value. Now your house.

over history says it’s gonna go up in value, but it’s not guaranteed. There’s been plenty of time periods where it will go down, but usually it comes back and that’s what we’re all hoping for. But there’s dividends and there’s guaranteed growth on this. So it is guaranteed to go up. And if you really ramp that cash value, whatever we’re putting in to the saving side of it, put it into the infinite banking concept, then as this continues to grow, right here we’re gonna take a loan against our cash value.

So whatever, say it’s dollar for dollar, it’s all equal. We’re gonna take a loan against it. We’re not gonna quite take all of it. We’re gonna leave a little bit in there, right? We’re not gonna take all of it. Now we have a loan against it. That money never comes out. So at this point, the money is still compounding. It’s a daily compounding and it’s just compound interest is what they say is the eighth wonder of the world, right? Those who know it earn it and those who don’t pay it.

Kyle Nott (10:06.402)
Let’s keep earning as you take money. You don’t take it out. You borrow against it. So the same time period instead of building this up, we take and we lower this is our, this would be our loan. We’ll lower our loan, lower our loan. You have to completely pay it off. But once it gets really low, we’ve got another chunk of area that we can take another loan against it. So now we’re right here instead of building back up.

Stephen S. (10:32.206)
Mm.

Kyle Nott (10:35.81)
We take another loan and now we’ve got two cash flowing assets. Again, the same. This was building up faster with two assets, with two rental properties. Now this, we’re able to knock our loan down faster. So this is the loan that we’re knocking down. We’re knocking it down. But over time, my analogy I like to use is this is a lot like an airplane sitting on the runway. Here you’re at a dead stop and

It’s full throttle. It’s a lot of work and you’re going you’re going pretty soon the nose starts to come up and before you know it I mean you’re you’re just taking off and you’re flying so This is not someone who wants to buy one Real estate one rental property in the next five years and be done with it. This is someone who I’m the kind of person. I want to keep slowly adding over time and for those kind of people I When I saw this it was

That was another super aha moment. It’s like, holy cow, this cash value is going to keep growing and growing. And it’s also insurance. If I happen to die right here with a big loan out, the death benefit is that’s up on the ceiling. That’s off the board. So this is just available cash value that you can use while you’re still alive. But if you happen to pass away, if you happen to pass away here, well, this is what your family gets.

Stephen S. (11:52.867)
Hmm.

Kyle Nott (12:02.59)
And you, you know, maybe they get your assets over here, it’s the same thing. They still get your assets. And if you pass away here, I mean, the death benefit is gonna be way above what your cash, what your available cash value is. it’s kind of a way of accessing some of your death benefit while you’re still alive. When I first did this, I didn’t need life insurance. I had a term policy, whatever, just take care of the kids. But it’s like, I set this up and I didn’t even care about the death benefit. But then you go to look and it’s like, this is way better.

Insurance than the term I was paying anyway, so I just let the term go and as long as I keep using this to buy more assets You’ve got it. You’ve got you got the insurance in place, but I never thought of it like that I just want to use this as a tool as a vehicle in order to be able to To buy more and more assets and the big thing here is Once once you pay these off pay these off Same thing say back up say back up and said here now you’re paying off paying off

Once you get over to this side of it, the same amount of time, then we’ve got three cash flowing assets. Over here, you have three cash flowing assets, but you only owe this much. You could literally buy probably three or four more the next year and just pay all those back off too. it’s just a different way, kind of inverting, getting away from the banks, making your own banking system.

As you can tell, I’m pretty passionate about this stuff. I love it. So what questions you got for me?

Stephen S. (13:33.843)
Absolutely. I actually don’t have any questions. I have something to add actually before I ask my next question. And that piece is the other thing that you didn’t touch on, which is also super important is on that one side with traditional savings. Again, you have the life insurance that’s in place that if something happened to you, like you said, you pass away, they get a death benefit. Right.

What happens oftentimes with traditional savings though is let’s say you were having that saving, saving, saving, saving, savings. If you don’t have your will set up properly, if you don’t have a trust set up properly, if you don’t have some of those other financial pieces set up anyways, well, what happens is, is people think, oh, well, dad’s got enough money in the bank account. So if anything happens to him, I don’t need insurance. Well, the downside of that is if that goes to propate and you can’t access it for 10, 11, 12, so I’ve seen some as much as 18 months.

If there’s multiple people involved with the final final arrangement process, that can get messy depending on if you’ve got a greedy family member. So like the life insurance gives a gives a tax free payout when that when that death occurs eventually because ultimately it’s a whole life policy. So.

With that it’s gonna take whatever loans you might still have with standing subtract that from the actual death benefit and then still pay out so it’s a much better financial Protection piece for you as well if you are in in that space and if you have assets so I wanted to add that because you didn’t touch on that but my next question would be is and this is for our listeners sake is Can anybody do this?

Kyle Nott (15:14.36)
So you have to be insurable. This is one of the reasons I put a policy on my life seven or eight years ago and then I got into this like after like four or five years, the money I put in, at that point I could then borrow more money out than what I had put in. From here for the rest of my life, I will always be able to take more out than what I put in just because of the dividends and the guarantees that comes along with this. And so I had a couple of family members that had cancer.

My sister-in-law actually passed away from melanoma skin cancer and at that point No one’s really gonna give you life insurance anymore. So we had a couple health scares within the family and one was you know, the worst possible outcome I went and put a policy on each one of my kids and Now my kids don’t have jobs and they’re not producing a lot of income So there’s different ways and there’s limits on what you can do I could put a lot more insurance on my life than I could on theirs, but

I and started one of these policies for each one of my kids just to get it going and they’re gonna, I their runway is so much longer. I started mine when I was 37 years old. I started theirs when they were, you my oldest kind of got screwed because he was older, but my youngest was I think seven years old, six or seven years old. I mean, he’s gonna have a, I don’t know, they probably won’t watch this, they have no idea that it’s even out there. So at some point, you know, maybe at their wedding, I can gift that to them and here’s a.

Stephen S. (16:31.245)
Right.

Kyle Nott (16:42.282)
What kind of a wedding present is that? Here’s a multiple hundreds of thousands of dollars that you can borrow against and of course I’m going to show them how to do this. You have to be insurable, but if you are not insurable yourself, maybe your wife is, maybe your kids are, maybe your grandchildren are, someone that you have an insurable interest, a business partner. So there are ways it does not have to be you if you are uninsurable, but it is an insurance product, so yes, we have to find some.

some insurable interest that can get the insurance in place.

Stephen S. (17:14.766)
Can you go a little bit deeper on what being insurable means for somebody, like some of the things that they might not realize?

Kyle Nott (17:23.82)
Yeah, so like I kind of touched on the health part of it. What they do is when it’s life insurance, so the actuaries come in and it’s still a business that the life insurance, the insurance companies still, they want to make money. It’s a profitable business, right? So the businesses, the insurance companies that we work for, they’re all mutually owned. So that’s how they pay the dividends. So that’s what really helps with this. You don’t really want to do this with a stock owned company.

people might sell it that way. There are lot of agents out there that claim they, yeah, I know all about this and they’ll sell you something which actually pads their pockets a lot more than the infinite banking. there’s, yeah, you’ve got to be insurable and to do that, it’s through the health. And like I said, they’re go through the actuaries. They’re gonna figure out basically what your life expectancy is.

So with that, they’re probably not gonna take anyone that’s had previous, you know, a cancer scare. I had someone come to my house and they drew my blood and they went through all of my medical records and they are gonna dig into it a little bit. That’s why, you you wanna find someone that’s healthy that you’ll get the best insurance premium rates. Not to say that this still won’t work, but you’re gonna be paying a little bit more for the insurance itself. what we like to do is, you know, we…

I get as little insurance as legally possible and then I ramp the cash value up on top of that as much as legally possible. So you’re kind of playing a fine line depending on where your health is and if you’re into skydiving or rock climbing, bungee jumping, that kind of stuff, the life insurance companies don’t want to insure you against that kind of stuff either. But if you’re a boring old dad like me that…

maybe I’ll go out and run a little bit. That’s about as exciting as it gets watching my kids go out. But that kind of stuff, and you had decent health and you’re insurable, that you’ve got no problem. And they didn’t do anything with my kids. They didn’t draw their bloods on their kids. We know what their life expectancy is, and they set the premiums. And I ramped that up as much as I could. I’m paying about $5,000 in premium for each kid.

Kyle Nott (19:42.296)
Per year and mine I wanted to get as high as I could possibly go and I’m putting $20,000 a year on mine personally So that’s when I when I set this up. That’s where I was at what I could do and Like they want you want to get that as high as possible and things might change down the road Hopefully, you know here in another 10 years I’ll be I’ll be rolling in the in the dough and I’ll be able to up that and I totally look just I just had a grandson about six months ago, so I’m looking at

you know maybe put a policy on on him and just it’s endless I think

Stephen S. (20:16.654)
Yeah. Well, it’s infinite, right? That’s what it really is. You’ve got, well, congratulations on the grandson. So another kind of a follow-up question that I have there too, as you know, people hear, Oh, you’re putting $5,000 on your kid. You’re putting $20,000 in like, how much money does it actually take to really start doing this? Like even if somebody only has a hundred or a couple hundred bucks a month to even start with, is it still worth it to do that?

Kyle Nott (20:46.552)
Totally, you can start where you’re at. I know that I throw my numbers out for where I’m at and I’ve heard of people that will, probably $5,000 a year would be, and not that that’s a hard floor, but it’s gonna take a little bit to get everything going. So I would say if you could do about five grand a year is probably the minimum-ish. If not, maybe try to get there and get above. there are, mean, the Rockefellers did this and.

this is what they do to continue their family name. what they did is, mean, obviously Rockefeller was a multi-millionaire, so he had the trust owned, he was the owner of the life insurance policy, and every child that came from him, if he’s at the top of the family tree, every child was provided insurance policy that the trust paid for and the trust owned.

And so that’s your trust fund babies. I mean, this is where it came from. But, with that, don’t intend to raise trust fund babies. I intend to teach my kids of, you know, what kind of valuable tool this is. But so that that’s how the Rockefellers did it. They just kept on rolling and kept on rolling. So when someone dies, the trust then gets the death benefit. And then now the trust just got bigger. The trust, if he had four or five kids, the trust would.

pay for insurance policy on each one of these and that is essentially what the Rockefellers have been doing and this has been I think until recently probably the last 10-15 years until this kind of the internet probably exposed some of this it was it used to be a super secret for just the wealthy but it’s really afforded to anyone who can maybe scrape together five grand a year can put this policy into force and it’ll help you grow and in 10 years you get another policy and you make it more.

Stephen S. (22:41.686)
And to be and to be perfectly frank, I still think most people don’t know about this or they’ve heard about it and they just don’t care enough to research into it deeper. So I still think it’s something that really only really only the wealthy, either in physical format or mental format in terms of their mindset, I think are still the only people that are actually accessing this because some people hear about it and go, well, I could never do that. You know what I mean? But.

Kyle Nott (23:10.22)
Right, you have to take a little bit of action and, sorry, go ahead.

Stephen S. (23:10.742)
Ultimately, think to your point that.

No, you’re good. Go for it.

Kyle Nott (23:16.686)
I thought I’d say you have to take a little bit of action and like I said, yeah, the Rockefellers, they just teach their kids about it and you take a little bit of action. It took me forever. I I probably dove into this for six months and I’m talking to the guy that, you know, my agent that got me the policy and I was just drilling them and drilling them and I think he learned just as much about this whole thing because I asked some super off the wall questions.

And he came back and answered them all and was like, all right, let’s do this. And I’m the type, I’m gonna research it, I’m gonna figure it out. But I know I’ll never know everything. And I’m gonna learn the most by just trying it. And about like that four or five year mark is like, okay, I can now take a loan out for more money than I actually put in. And as long as I keep paying these premiums, this is good forever. And there will always be way, way more. I mean, I think by the time I’m…

to end of my real appearing, even in my 90s, I think I’ll be able to take the most I’ll ever put into my policy could be $210,000. I’m gonna keep going after that, but I could take the two million out in my 70s or 80s like that. it’s just, it’s crazy what this thing is possible. What can you

Stephen S. (24:24.086)
Did you say just to clarify, did you say the most you can actually put into it is two hundred and ten thousand?

Kyle Nott (24:30.124)
I could, so the way I set mine up was a ten pay.

Stephen S. (24:32.514)
Is that per year or just like total?

Kyle Nott (24:35.214)
So the way mine was set up was I I was gonna over fund it the first year if I put $30,000 in I was getting ready to use that as a down payment on house anyway, so I put it in here first I waited about a month and then I think I took about 20 out and I use that as a down payment so that was kind of what got me going and then Minus a ten pay where the way I set it up the only thing I only have to pay this for ten years. So the way it’s structured

30 the first year, 20 the next nine. So that’s $210,000 is all that I put into it. Now I’m going to keep putting, I’m going to continue to ramp this cash value up. But I was like, okay, let’s do this, try this for 10 years. And I was done. So from there, the way it was structured is it just, all it does is it takes a loan from my policy and it pays the insurance part of it. So my insurance will never, you know, will never be interrupted. So that’s obviously what we need to do. And it’s still,

It’s growing exponentially on top of even these little loans that maybe I never even intend to pay back. So that was the way mine was set up. And there’s so many different ways that you can set these up. They’re so personalized. What are your goals? Maybe not everyone wants to buy a house every year or every five years. Maybe you get to a some point where you want to pay for your kid’s college. This is the perfect way to pay for your kid’s college because

Stephen S. (25:47.0)
Right.

Kyle Nott (25:59.67)
It’s not, you can list it as an asset if you want or don’t if you don’t want. So kids college is perfect way. The FAFSA form, when you fill out your FAFSA form, you don’t put that on there. You might, there’s people that have $10 million of cash value and they don’t put it their FAFSA form and they’re getting aid from the state or however the federal aid from the college board. So there’s ways and now if you’re gonna go get a.

a loan from a commercial loan from a bank and you want your assets to look as good as possible because you’re trying to buy a business, then go ahead and put it on your statement. So it’s kind of one of those things that’s insurance. So you can kind of put it where you want it. It’s from creditors that say, you you get a lawsuit and something bad happens, maybe you don’t have the LLC set up right and someone comes after you personally.

lawsuit’s gonna, all right, give me that savings account, I’ll take that, and that’s just there. mean, you’ve got, depending on what state you’re in, you’ve got so many more protections on your life insurance where they really can’t access that cash value. So that’s positive. I could go on and on about, I I think that’s way so much better than the traditional savings. And that was the hardest part for me to understand, too. I couldn’t get my head wrapped around it. Like, what do mean?

Stephen S. (27:13.421)
Right.

Kyle Nott (27:19.99)
It always grows. You never take the money out. You’re only borrowing against it. it’s like your house will, like I said, continue to appreciate in value even if you have a home equity line of credit pulled out. And maybe five years down the road, your house appreciates another $100,000 and you can pull another $80,000 HELOC out of it. That’s kind of the same concept.

Stephen S. (27:41.465)
Right. And also to maybe touch on one other point here, you mentioned doing a 10 pay, which for our listeners basically means that you only have to pay for 10 years. Most whole life contracts are set up where you’re going to pay a small marginal amount every month, regardless of your age, to eventually pay up that whole policy. And then you’re actually going to pay a whole lot more into it over time. But one of the things that you have to avoid when you have a monthly premium is

the amount becoming what’s called a MEC or an MEC, which is a Modified Endowment Contract. So doing a 10 pay and correct me if I’m wrong here, Kyle, because you are a little bit more of an expert on this space than this particular space than I am within the insurance niche. But by doing a 10 pay, it allows you to put a much higher amount into that policy with it being a straight whole life versus an indexed universal life policy.

and still get the same benefits while also being in a position where, after 10 years, I don’t actually have to pay a premium, technically. Is that correct? Or tell me, tell us a little more about that.

Kyle Nott (28:46.786)
Yep, yep, and the, yeah, the MEC limits, like you said, a modified endowment contract. this is so good that, yeah, yep, so what Congress kinda did way back when is said, wait, this is too good to be true. So all these multi-millionaires are loading all kinds of money in it. It’s like, wait a second, hold on. So that’s why.

Stephen S. (28:53.1)
which is a taxable situation for those that don’t know.

Stephen S. (29:01.198)
Right.

Kyle Nott (29:08.302)
the MEC limits, an endowment contract, there are limits. So they kind of look at the first seven years and that’s why every situation is so different. And if you’re interested in something like this, I’d be happy to help or you or whoever else, just make sure they understand this concept. And there are certain criteria that we need to check off to make sure that you don’t go into that modified endowment contract by putting too much money into there.

Usually what you wanna do is you kind of max out, you look at first seven years and you max that out and from there you’re usually good to go. So there’s a couple of tests that we can look at and it everyone so different that it’s hard to really speak to a broad audience. But yeah, you just kind of know where you’re at and then max it out from there. And after that, after a time of, usually after time, look at it again in a decade and you can usually do more at that

Stephen S. (30:06.422)
Right, man i’m telling you what i’m gonna have to go start another podcast that has longer episodes because we’re already over the time that we usually try to cut these two and I still have not done asking questions, but just out of respect for our listeners And everything we’ve got going on to keep things consistent at the real estate pros podcast i’m gonna wrap it up But before we do that, I want to do a quick speed round with you This is something that I I wish I had a button that I could like start some game show music Started doing this on the show this last week

People seem to really enjoy it, guests seem to enjoy it, but it’s just a rapid fire speed round of questions that I’ll ask you with the shortest possible answers that you can give. And then the last question is a little bit more of a thinker for you to answer a little bit slower. Take your time with and then we’ll let people learn where they can go and connect more with you and wrap up the show. You good with that? You good to play?

Kyle Nott (31:03.138)
I’m getting nervous, but yeah, let’s go, man.

Stephen S. (31:05.791)
All right, let’s do it, Kyle. All right, what’s your go-to insurance company or policy type?

Kyle Nott (31:06.708)
Thank

Kyle Nott (31:12.142)
It’d be obviously IBC Mass Mutual or Penn Mutual. Sorry.

Stephen S. (31:16.736)
Awesome. How fast can you get a policy loan into your bank account?

Kyle Nott (31:22.062)
two days.

Stephen S. (31:23.864)
Do you repay your policy loans or let them ride?

Kyle Nott (31:27.276)
I always repay them. I want to keep doing this.

Stephen S. (31:31.5)
what’s one mistake people make when they start their first policy?

Kyle Nott (31:35.662)
They don’t fund it high enough.

Stephen S. (31:38.35)
Favorite resource to learn more about infinite banking.

Kyle Nott (31:42.861)
YouTube.

Stephen S. (31:44.882)
And the last question, if infinite banking no longer was something you could use, what would you do then?

Kyle Nott (31:54.006)
I would go back to the Velocity banking where I would use my Home Ecumenical Banking credit and repay that.

Stephen S. (32:02.392)
There you go. Boom. Well, you heard it here first, folks. I know you probably got a ton of value out of this as much as I did. So, Kyle, if people want to connect with you and learn more about you or what you’re working on, where should they go for that? I know you have a YouTube. Feel free to plug that and anywhere else on social media or other channels.

Kyle Nott (32:21.676)
Yeah, I started a YouTube channel last year and as you can tell I’m passionate about this stuff so check me out. am not your average finance guy and my last name, I’m Kyle not N-O-T-T so kind of screwed up. I probably should have picked a different name but it’s N-O-T-T your average finance guy dot com and that’s where I’m at on YouTube as well so I’ve got some free resources on my.

website, it’s not very fancy, I’m not a tech guy by any means, but go check that out if you want some free stuff. check me out, YouTube videos are not all about infinite banking, but a lot of them are. yeah, reach out, am connect at notyouraveragefinanceguy.com is my email. If you ever got any questions, I’d be more than happy to help and see if we can guide you in right direction.

Stephen S. (33:11.714)
That’s not with two T’s folks. Well, Kyle, thanks for being here today. And everyone, I hope you enjoyed today’s show. We’ll see you on the next episode.

Kyle Nott (33:21.23)
Appreciate it. Thank you.