Jared: John, welcome again sir, how are you?
John T. Urbik: I'm doing great Jared. Good morning to you.
Jared: Good morning, great to see you. Smiling face, looking good there. I like that. I like that coat. You're looking sharp today.
John T. Urbik: Well, know, I'm gonna dress for the occasion, you know, this is important stuff and we treat it seriously, you and I.
Jared: Yeah, yeah, yeah. It is important stuff. What ⁓ have you been up to? What's been your last, what's your most recent task that's not IBC related?
John T. Urbik: ⁓ you're not gonna, you'll laugh. went to the gym and learn do backflips on a trampoline. Because I wanna do an aerial at a park in in Austria and said absolutely not. My daughter, the doc says absolutely not. So ⁓ I'm getting a lot of on that. ⁓ But I have footage of doing a on the, what's that?
Jared: Yep. Yep. Are they referencing that brand new? ⁓ I'm sorry. Are they referencing that brand new knee? Are they talking about that at all?
John T. Urbik: Yeah, they're talking about Veronica gave me all the stats on people with damage these of events and they paint this doom and gloom picture and I'm like, I want to it. I want to ⁓ go hit that flip. I want to do the aerial. They've got this park. They've got this whole park set up with a balloon and so you the ramp and you go up and yeah, you launch but when you come down, if mess it up, ⁓ you're landing on air.
Jared: Well, I'll take it again.
John T. Urbik: It's just an inflated balloon with snow on top. I think it'd be a ball, absolutely. So that's what I'm trying to my way through ⁓ the boss here. So we'll see how that goes. So we'll see. ⁓
Jared: Yeah. Sounds like fun. I'd give it a shot. Yeah. I get that. I get that. Well, title for today, World of Uncertainty. Obviously, you know, if we put a date on this, because there's no telling when someone might listen, it's the first week in March in 2026. We, ⁓ know, as a country, there's a big conflict between Israel and US and Iran. You know, obviously a lot of uncertainty just in, you know, what the world looks like. But I think we could probably discuss all of that aside.
John T. Urbik: Yes.
Jared: You know, the world's in a pretty rough spot financially, regardless of whether or not there's a conflict going on right now. just with, you know, the, the value of, of money across, across the globe, you know, the deflation of that's been currently going on with what your dollar buys. I don't know. What are some of your thoughts on that? I don't, I don't want to differentiate too far.
John T. Urbik: No, no, you and I have talked about this for sure. one of the, because of all the money printing, because of all the inflationary impacts that are out there, people are working harder and harder for less and less in real purchasing power. And so if you go back and just in the, oh, take 2008 when we had that big meltdown with the markets, right? $1,000 then you need
Jared: Yeah, yep. Yep.
John T. Urbik: almost $7,000 to the same purchasing power, not seven to one. I mean, that's pretty dramatic. If you look at the average private sector wages versus inflation, I think this is a really interesting study, and you and both have looked at this. And if you go back to 2007 and you snap to day, the average growth rate, about We went from $23 an hour to about $34.50 an hour over years, yet the inflation-adjusted average wage went from about $23 to $24. Hardly at all. So this 30 % means that the average Joe and Jane have to make another 40 % on their earn, 40 % more money to buy this, the same purchasing power they needed in 2007. So it's quite dramatic. even we're talking about in gosh, the other day it was mortgage rates. mortgage rates have come down a little bit. ⁓ Well, great. they've gotten down into the fives again. And just because they're the fives is not equivalent to the fives, you know, several years ago because you need more of those same dollars to pay the inflated price the five and a half percent. So it's a real challenge for people.
Jared: Huge challenge and you know, is not just a one slice, you know, this is not just a one thing caused all this, right? But if you're gonna talk about maybe a contributing factor, the amount of money that gets printed month in, month out, year over year, one of the biggest factors in this, right? Like you've got just this year alone, you've got the US, their budget is $7 trillion. Well, how are they bringing in? 5.2 trillion. Well, you don't have to be a math whiz to realize that we are way over what we're bringing in. We're spending more than we're bringing in. And if you look at just that 5.2 that's coming in, that's being spent on entitlements and debt. Now that's not covering any of the other costs that need to be covered as a government. So what do they do in order to cover more cost? Print more money by issuing more bonds. Right, so go ahead.
John T. Urbik: So that, go ahead, Jules. you say, so where does that leave us? Why ⁓ infinite banking make sense in this environment? That's, the central question. People say, well, all right, so yeah. I mean, it's about taking uncertain and them into certainty, ⁓ about building clarity, purposefully placing your money a place that you know that it's safe.
Jared: It really is. Yep.
John T. Urbik: that you have access to it, that you control it, and that nobody can dilute it on you because you're in a place which is growing with inflation because of the dividend income inside, which is not guaranteed, but it's been paid for 100 years. And you've got the core backstop of the life insurance contract. looked at a chart earlier, you and I, and it went from emerging market stocks all the way down to cash in the various asset classes. A life insurance contract falls smack dab in the middle. you know, three to five percent, some more, some less, but that's a pretty good number these days. If you go to the extreme end over 40 years, the emerging markets have returned about 10%. International stocks about 7%. Where growth has grown. Yeah, yeah.
Jared: And these are annual averages, right? So over the course of the 40 years, the annual return on the emerging market was 10 % annually. Yep.
John T. Urbik: Right, but that's the average. What about the down years? Some of those numbers are pretty ugly. we have had nothing but money pumping, these nominal through the roof. And so ⁓ people say, hey, house has gone up in value. It's doubled since 10 years ago, or whatever it is. Why is that happening? Has the intrinsic value changed? No. The amount of money that's been sloshing around, being forced into the economy,
Jared: Yep.
John T. Urbik: has changed. That's what's happening. So why not build a foundation at the core of all of this to give yourself stability? Because once you've made that money inside that contract, those dividends are paid, they're yours. They're locked in. They're not going down. You can't lose that money.
Jared: That's right. Yep. Yeah, so two points come to mind there. The first is just on the mortgage that you talked about where if your home was worth 250 10 years ago and now it's worth 500 now, just like you said, the value of that home didn't change. It was just the amount of dollars that it takes to purchase that same home is double, if not more. So small point on that. To back up what you said, what does infinite banking do to help solve or help bring...
John T. Urbik: Yeah, right.
Jared: just some sanity to this process. Everything you said was spot on. I couldn't agree with you more. But beyond maybe just the product, I'd even talk about the process. ⁓ start reading on infinite banking and start doing some homework and some research, you're gonna end up looking at the Austrian model and talking about how the Austrian folks would have thought about the economics. And is so much more in play on the psychology of you spend your money. where it goes, when it goes, how do you the things you can control, right? So there's so many other, you know, we can look at rates of return and we can look at what that provides on one side, but you also have to control what you can control. ⁓ that's where Infinite Banking asks you to step outside, do some research to understand the history, understand what's coming. Because if you see the problem, then you have the opportunity to see the solution. If you don't see the problem, You're not gonna see the solution. So part of the solution is you have to have control of your capital. If you're turning it over to a 401k account, even a Roth, you're burying it in the walls of your mortgage of your home. How do you control that? Where do you access that capital? You have to run down to your brokerage firm and beg for a mother may I. have to, you you can have it liquid in your checking account, but you're gaining 0.01 % on that while it sits there. You know, so you've got all of these complete different spectrums of where does your money reside? And infinite banking concepts would say, I want it to reside in a dividend paying whole life insurance product that now I have access to it while I'm saving it.
John T. Urbik: 100%. ⁓ makes me think about people, and have some friends who are sitting on pretty low interest rate mortgages, yet they're I wanna get that house paid off, I wanna get that house paid, noble, great idea. But do they have backstop in place before they do that? Why not, if you're sitting on a sub 3 % mortgage, of accelerating payments on that, they're paying you to hold paper. at those rates because real inflation is well above that in all candor. so what you can do is the monies that you would otherwise deploy into paying off the mortgage, this is not investment it's just something, this is math and people can look at it for themselves and do the experiment. What if I took that money and instead of residing with the bank and I gave them that mortgage monies back where I'm paying,
Jared: That's right. Yep.
John T. Urbik: enormous amount of interest over that why not put it into my own life insurance contract ⁓ a ⁓ constructed Life dividend paying whole life insurance contract now I have access to that capital if I ever need it and If at some point I say, know, I want to pay off that mortgage Well, you can ⁓ one swoop grab that cash boom deploy it and get rid of the mortgage sure but in the interim especially When we're going through uncertainty and uncertain times Why would you give up? Think about who am I making better? Who am I putting in a better financial position when I give the bank that money? Them or me? Remember, your mortgage the is getting increasingly in improving position time you make a payment. You are not. Whereas if you put the money in your bank, you are in increasingly improving position. Something to think about.
Jared: That's right. Yep. That's right. Yep. Well, and you also brought up guarantees, which is a really important part of just how the IBC process is going to come together with, you know, an uninterrupted compound growth year over year over year. I hope that the markets don't crash. I hope that there's not a 30 % reset or a 50 % reset. I don't want that for me or for anybody. But if it does, why not be in a spot where I know I'm gaining every single year?
John T. Urbik: No one does.
Jared: Like I don't want to be that guy that's at the top of the mountain going, Hey, see, I told you so. I'm never going to be that guy. If it goes down, I don't want to be that guy, but you have to look at what's going on right now and at least see it for what it's it, what it is based on history, based on the economics that are in place. Like don't have to be a math whiz or a CPA or some, you know, fancy, put the letters behind your name to realize it. You're in kind of a tough spot right now as, a worldwide economy. So why not be in a spot that you have guarantees?
John T. Urbik: Remember what Nelson used to say, and he didn't invent, he didn't coin the phrase, but he would repeat it readily in conversation was, he who has the gold makes the rules. Own the gold, meaning have your contracts funded. When you have the resources, you can call your own shots. You don't have to rely on anybody. It's freedom, it's independence. And it's liberating when you can look at your statement, your statement comes in, you look at it and said, I just added $3,500 of dividend my contract there. That's real money. It's growing with inflation. It's tax free, so long as I don't liquidate, terminate my policy, or lapse it. And it will, over time, if I don't do anything, when I pass, it'll go to my family, my wife, tax free. Uninhibited. So, it is simple. It is so simple and it's just one of those things that everybody ought to have at least a small piece of it. You can do this. You don't need a fortune. People used to say, well how much do I need to do this? Well, you answer that question for yourself. are you putting your money? And I suggest taking all my assets and throwing them into contracts. No. But if I'm saving money in an account here and an account here, rather than get 0.02 nothing for it, put it over here.
Jared: Correct. 100%.
John T. Urbik: Because it's going to grow. And you've got to backstop to that money as you're using it. Because again, that money never leaves your contract. It's always deployed and invested once they have it. And you're using the general funds of the life insurance company for interest rate. And so there's a collateralized lien against your cash values. That's all it is. Easy. ⁓
Jared: Sure. Yep. Yeah, mean, it goes both ways, right? If they're holding your money, they're going to pay you a dividend. If you're holding theirs, you're going to pay them interest. That is pretty common stuff. It goes both ways.
John T. Urbik: Yeah, but and again, you're getting that money swinging back in that big circle of money flow, vis-a-vis a dividend. So even though I'm paying interest on the money for the loan, on the back end, at the anniversary date of the contract, I'm getting a dividend. Nice.
Jared: Yep. That's right. Yeah, and I know I said it I wanna circle back on it. We talk so much about the product, which is important. You have to know what you're getting involved in. But the process is so much more important. So I don't wanna pass over that without just circling back real quick to emphasize that. If you are gonna become a student of infinite banking concepts, you have to study the book, you've gotta learn what you're building.
John T. Urbik: Right. Yeah.
Jared: You know, this is called becoming your own banker, not becoming Jared's version of your banker, right? Like we want you to make this your own. We want to make this available to you and discuss with you and learn when grow with you. Yet you are becoming your emphasis, your own banker. So process is so much more important than the product. The important. I'm not trying to pass by that and just glaze over it.
John T. Urbik: Yes.
Jared: But the process of learning the psychology of how you spend money, where you spend money, process of where it's going and how it's getting there and how the guarantees are providing you an uninterrupted compound growth. There's just so much more to it than saying, ⁓ sign me up for this and let me drop into a savings account somewhere. No, like you are building a lifelong strategy that you have to be a part of. And one of the things that would be encouraged by the book, and by the Nelson Nash Institute, by John and I, is you have to think long term. You have to step outside of one week ahead or one month ahead and see what's in front of you. Again, if you see the problem, you'll have an easier time seeing the solution.
John T. Urbik: couldn't have said that better, Jared. Of course, the process is how the money flows. And you get right down to the brass tacks. What is the process? The process is who controls the money and how do we the things of life? How do we spend it? How do we flow it? And who benefits from that? ⁓ Right the current structure ⁓ is to benefit everyone but the people who bring the money to the table. That's how it works. ⁓
Jared: Yep. Yep.
John T. Urbik: Jared and I are here to show you that there's a better way and you can flow the money through your hands and so by controlling that capital you benefit directly rather than some other bank. Don't do business with banks as Nelson would say. Of course you got to do business with banks but you don't have to do all your business with banks.
Jared: That's right.
John T. Urbik: So, but that's a nice little recap of, we'll have to do something on the process over the product soon. Yeah.
Jared: We've talked about that a couple of times now. been taking down some notes each time we talk about that. I'd love to dive into that a little further. I think that'd be a good one.
John T. Urbik: would be a good one. But I that's a pretty good recap today on ⁓ uncertain times what we can do about these uncertain times. bring clarity to our lives, financial freedom, and financial independence from the system which surrounds us. ⁓ And we have little to do with that control if we can bring that back home into our own
Jared: Yep. Sure.
John T. Urbik: economic personal economic model where we control the capital we can change our lives we can change your financial lives and we'd love to help you do that so you know please know ⁓ it is click like at the bottom and we'd love to hear your inputs if you if you see something out here you have a question about please ask us we would love to talk with you
Jared: Yeah. I agree with that. any any feedback is great feedback. If if there's something you don't like about it, we'd love to hear that, too. So totally on board. Yeah. Awesome, John. Well, have yourself a great rest of the day.
John T. Urbik: 100 % Jared. Alright. I will sign off. You have a great day, Jared, and we'll catch up with you soon. Thanks. Thank you, Jared.
Jared: Thanks, John. Have a great day.
John T. Urbik: I'm doing great Jared. Good morning to you.
Jared: Good morning, great to see you. Smiling face, looking good there. I like that. I like that coat. You're looking sharp today.
John T. Urbik: Well, know, I'm gonna dress for the occasion, you know, this is important stuff and we treat it seriously, you and I.
Jared: Yeah, yeah, yeah. It is important stuff. What ⁓ have you been up to? What's been your last, what's your most recent task that's not IBC related?
John T. Urbik: ⁓ you're not gonna, you'll laugh. went to the gym and learn do backflips on a trampoline. Because I wanna do an aerial at a park in in Austria and said absolutely not. My daughter, the doc says absolutely not. So ⁓ I'm getting a lot of on that. ⁓ But I have footage of doing a on the, what's that?
Jared: Yep. Yep. Are they referencing that brand new? ⁓ I'm sorry. Are they referencing that brand new knee? Are they talking about that at all?
John T. Urbik: Yeah, they're talking about Veronica gave me all the stats on people with damage these of events and they paint this doom and gloom picture and I'm like, I want to it. I want to ⁓ go hit that flip. I want to do the aerial. They've got this park. They've got this whole park set up with a balloon and so you the ramp and you go up and yeah, you launch but when you come down, if mess it up, ⁓ you're landing on air.
Jared: Well, I'll take it again.
John T. Urbik: It's just an inflated balloon with snow on top. I think it'd be a ball, absolutely. So that's what I'm trying to my way through ⁓ the boss here. So we'll see how that goes. So we'll see. ⁓
Jared: Yeah. Sounds like fun. I'd give it a shot. Yeah. I get that. I get that. Well, title for today, World of Uncertainty. Obviously, you know, if we put a date on this, because there's no telling when someone might listen, it's the first week in March in 2026. We, ⁓ know, as a country, there's a big conflict between Israel and US and Iran. You know, obviously a lot of uncertainty just in, you know, what the world looks like. But I think we could probably discuss all of that aside.
John T. Urbik: Yes.
Jared: You know, the world's in a pretty rough spot financially, regardless of whether or not there's a conflict going on right now. just with, you know, the, the value of, of money across, across the globe, you know, the deflation of that's been currently going on with what your dollar buys. I don't know. What are some of your thoughts on that? I don't, I don't want to differentiate too far.
John T. Urbik: No, no, you and I have talked about this for sure. one of the, because of all the money printing, because of all the inflationary impacts that are out there, people are working harder and harder for less and less in real purchasing power. And so if you go back and just in the, oh, take 2008 when we had that big meltdown with the markets, right? $1,000 then you need
Jared: Yeah, yep. Yep.
John T. Urbik: almost $7,000 to the same purchasing power, not seven to one. I mean, that's pretty dramatic. If you look at the average private sector wages versus inflation, I think this is a really interesting study, and you and both have looked at this. And if you go back to 2007 and you snap to day, the average growth rate, about We went from $23 an hour to about $34.50 an hour over years, yet the inflation-adjusted average wage went from about $23 to $24. Hardly at all. So this 30 % means that the average Joe and Jane have to make another 40 % on their earn, 40 % more money to buy this, the same purchasing power they needed in 2007. So it's quite dramatic. even we're talking about in gosh, the other day it was mortgage rates. mortgage rates have come down a little bit. ⁓ Well, great. they've gotten down into the fives again. And just because they're the fives is not equivalent to the fives, you know, several years ago because you need more of those same dollars to pay the inflated price the five and a half percent. So it's a real challenge for people.
Jared: Huge challenge and you know, is not just a one slice, you know, this is not just a one thing caused all this, right? But if you're gonna talk about maybe a contributing factor, the amount of money that gets printed month in, month out, year over year, one of the biggest factors in this, right? Like you've got just this year alone, you've got the US, their budget is $7 trillion. Well, how are they bringing in? 5.2 trillion. Well, you don't have to be a math whiz to realize that we are way over what we're bringing in. We're spending more than we're bringing in. And if you look at just that 5.2 that's coming in, that's being spent on entitlements and debt. Now that's not covering any of the other costs that need to be covered as a government. So what do they do in order to cover more cost? Print more money by issuing more bonds. Right, so go ahead.
John T. Urbik: So that, go ahead, Jules. you say, so where does that leave us? Why ⁓ infinite banking make sense in this environment? That's, the central question. People say, well, all right, so yeah. I mean, it's about taking uncertain and them into certainty, ⁓ about building clarity, purposefully placing your money a place that you know that it's safe.
Jared: It really is. Yep.
John T. Urbik: that you have access to it, that you control it, and that nobody can dilute it on you because you're in a place which is growing with inflation because of the dividend income inside, which is not guaranteed, but it's been paid for 100 years. And you've got the core backstop of the life insurance contract. looked at a chart earlier, you and I, and it went from emerging market stocks all the way down to cash in the various asset classes. A life insurance contract falls smack dab in the middle. you know, three to five percent, some more, some less, but that's a pretty good number these days. If you go to the extreme end over 40 years, the emerging markets have returned about 10%. International stocks about 7%. Where growth has grown. Yeah, yeah.
Jared: And these are annual averages, right? So over the course of the 40 years, the annual return on the emerging market was 10 % annually. Yep.
John T. Urbik: Right, but that's the average. What about the down years? Some of those numbers are pretty ugly. we have had nothing but money pumping, these nominal through the roof. And so ⁓ people say, hey, house has gone up in value. It's doubled since 10 years ago, or whatever it is. Why is that happening? Has the intrinsic value changed? No. The amount of money that's been sloshing around, being forced into the economy,
Jared: Yep.
John T. Urbik: has changed. That's what's happening. So why not build a foundation at the core of all of this to give yourself stability? Because once you've made that money inside that contract, those dividends are paid, they're yours. They're locked in. They're not going down. You can't lose that money.
Jared: That's right. Yep. Yeah, so two points come to mind there. The first is just on the mortgage that you talked about where if your home was worth 250 10 years ago and now it's worth 500 now, just like you said, the value of that home didn't change. It was just the amount of dollars that it takes to purchase that same home is double, if not more. So small point on that. To back up what you said, what does infinite banking do to help solve or help bring...
John T. Urbik: Yeah, right.
Jared: just some sanity to this process. Everything you said was spot on. I couldn't agree with you more. But beyond maybe just the product, I'd even talk about the process. ⁓ start reading on infinite banking and start doing some homework and some research, you're gonna end up looking at the Austrian model and talking about how the Austrian folks would have thought about the economics. And is so much more in play on the psychology of you spend your money. where it goes, when it goes, how do you the things you can control, right? So there's so many other, you know, we can look at rates of return and we can look at what that provides on one side, but you also have to control what you can control. ⁓ that's where Infinite Banking asks you to step outside, do some research to understand the history, understand what's coming. Because if you see the problem, then you have the opportunity to see the solution. If you don't see the problem, You're not gonna see the solution. So part of the solution is you have to have control of your capital. If you're turning it over to a 401k account, even a Roth, you're burying it in the walls of your mortgage of your home. How do you control that? Where do you access that capital? You have to run down to your brokerage firm and beg for a mother may I. have to, you you can have it liquid in your checking account, but you're gaining 0.01 % on that while it sits there. You know, so you've got all of these complete different spectrums of where does your money reside? And infinite banking concepts would say, I want it to reside in a dividend paying whole life insurance product that now I have access to it while I'm saving it.
John T. Urbik: 100%. ⁓ makes me think about people, and have some friends who are sitting on pretty low interest rate mortgages, yet they're I wanna get that house paid off, I wanna get that house paid, noble, great idea. But do they have backstop in place before they do that? Why not, if you're sitting on a sub 3 % mortgage, of accelerating payments on that, they're paying you to hold paper. at those rates because real inflation is well above that in all candor. so what you can do is the monies that you would otherwise deploy into paying off the mortgage, this is not investment it's just something, this is math and people can look at it for themselves and do the experiment. What if I took that money and instead of residing with the bank and I gave them that mortgage monies back where I'm paying,
Jared: That's right. Yep.
John T. Urbik: enormous amount of interest over that why not put it into my own life insurance contract ⁓ a ⁓ constructed Life dividend paying whole life insurance contract now I have access to that capital if I ever need it and If at some point I say, know, I want to pay off that mortgage Well, you can ⁓ one swoop grab that cash boom deploy it and get rid of the mortgage sure but in the interim especially When we're going through uncertainty and uncertain times Why would you give up? Think about who am I making better? Who am I putting in a better financial position when I give the bank that money? Them or me? Remember, your mortgage the is getting increasingly in improving position time you make a payment. You are not. Whereas if you put the money in your bank, you are in increasingly improving position. Something to think about.
Jared: That's right. Yep. That's right. Yep. Well, and you also brought up guarantees, which is a really important part of just how the IBC process is going to come together with, you know, an uninterrupted compound growth year over year over year. I hope that the markets don't crash. I hope that there's not a 30 % reset or a 50 % reset. I don't want that for me or for anybody. But if it does, why not be in a spot where I know I'm gaining every single year?
John T. Urbik: No one does.
Jared: Like I don't want to be that guy that's at the top of the mountain going, Hey, see, I told you so. I'm never going to be that guy. If it goes down, I don't want to be that guy, but you have to look at what's going on right now and at least see it for what it's it, what it is based on history, based on the economics that are in place. Like don't have to be a math whiz or a CPA or some, you know, fancy, put the letters behind your name to realize it. You're in kind of a tough spot right now as, a worldwide economy. So why not be in a spot that you have guarantees?
John T. Urbik: Remember what Nelson used to say, and he didn't invent, he didn't coin the phrase, but he would repeat it readily in conversation was, he who has the gold makes the rules. Own the gold, meaning have your contracts funded. When you have the resources, you can call your own shots. You don't have to rely on anybody. It's freedom, it's independence. And it's liberating when you can look at your statement, your statement comes in, you look at it and said, I just added $3,500 of dividend my contract there. That's real money. It's growing with inflation. It's tax free, so long as I don't liquidate, terminate my policy, or lapse it. And it will, over time, if I don't do anything, when I pass, it'll go to my family, my wife, tax free. Uninhibited. So, it is simple. It is so simple and it's just one of those things that everybody ought to have at least a small piece of it. You can do this. You don't need a fortune. People used to say, well how much do I need to do this? Well, you answer that question for yourself. are you putting your money? And I suggest taking all my assets and throwing them into contracts. No. But if I'm saving money in an account here and an account here, rather than get 0.02 nothing for it, put it over here.
Jared: Correct. 100%.
John T. Urbik: Because it's going to grow. And you've got to backstop to that money as you're using it. Because again, that money never leaves your contract. It's always deployed and invested once they have it. And you're using the general funds of the life insurance company for interest rate. And so there's a collateralized lien against your cash values. That's all it is. Easy. ⁓
Jared: Sure. Yep. Yeah, mean, it goes both ways, right? If they're holding your money, they're going to pay you a dividend. If you're holding theirs, you're going to pay them interest. That is pretty common stuff. It goes both ways.
John T. Urbik: Yeah, but and again, you're getting that money swinging back in that big circle of money flow, vis-a-vis a dividend. So even though I'm paying interest on the money for the loan, on the back end, at the anniversary date of the contract, I'm getting a dividend. Nice.
Jared: Yep. That's right. Yeah, and I know I said it I wanna circle back on it. We talk so much about the product, which is important. You have to know what you're getting involved in. But the process is so much more important. So I don't wanna pass over that without just circling back real quick to emphasize that. If you are gonna become a student of infinite banking concepts, you have to study the book, you've gotta learn what you're building.
John T. Urbik: Right. Yeah.
Jared: You know, this is called becoming your own banker, not becoming Jared's version of your banker, right? Like we want you to make this your own. We want to make this available to you and discuss with you and learn when grow with you. Yet you are becoming your emphasis, your own banker. So process is so much more important than the product. The important. I'm not trying to pass by that and just glaze over it.
John T. Urbik: Yes.
Jared: But the process of learning the psychology of how you spend money, where you spend money, process of where it's going and how it's getting there and how the guarantees are providing you an uninterrupted compound growth. There's just so much more to it than saying, ⁓ sign me up for this and let me drop into a savings account somewhere. No, like you are building a lifelong strategy that you have to be a part of. And one of the things that would be encouraged by the book, and by the Nelson Nash Institute, by John and I, is you have to think long term. You have to step outside of one week ahead or one month ahead and see what's in front of you. Again, if you see the problem, you'll have an easier time seeing the solution.
John T. Urbik: couldn't have said that better, Jared. Of course, the process is how the money flows. And you get right down to the brass tacks. What is the process? The process is who controls the money and how do we the things of life? How do we spend it? How do we flow it? And who benefits from that? ⁓ Right the current structure ⁓ is to benefit everyone but the people who bring the money to the table. That's how it works. ⁓
Jared: Yep. Yep.
John T. Urbik: Jared and I are here to show you that there's a better way and you can flow the money through your hands and so by controlling that capital you benefit directly rather than some other bank. Don't do business with banks as Nelson would say. Of course you got to do business with banks but you don't have to do all your business with banks.
Jared: That's right.
John T. Urbik: So, but that's a nice little recap of, we'll have to do something on the process over the product soon. Yeah.
Jared: We've talked about that a couple of times now. been taking down some notes each time we talk about that. I'd love to dive into that a little further. I think that'd be a good one.
John T. Urbik: would be a good one. But I that's a pretty good recap today on ⁓ uncertain times what we can do about these uncertain times. bring clarity to our lives, financial freedom, and financial independence from the system which surrounds us. ⁓ And we have little to do with that control if we can bring that back home into our own
Jared: Yep. Sure.
John T. Urbik: economic personal economic model where we control the capital we can change our lives we can change your financial lives and we'd love to help you do that so you know please know ⁓ it is click like at the bottom and we'd love to hear your inputs if you if you see something out here you have a question about please ask us we would love to talk with you
Jared: Yeah. I agree with that. any any feedback is great feedback. If if there's something you don't like about it, we'd love to hear that, too. So totally on board. Yeah. Awesome, John. Well, have yourself a great rest of the day.
John T. Urbik: 100 % Jared. Alright. I will sign off. You have a great day, Jared, and we'll catch up with you soon. Thanks. Thank you, Jared.
Jared: Thanks, John. Have a great day.
