Bank on You with Sarry Ibrahim

Invest in You

In today’s episode Fredrik is joined by financial consultant, health and life agent and podcaster Sarry Ibrahim. Together they discuss Sarry’s unique approach to investment, an approach described as ‘self-banking’. Learn today how to leverage whole life insurance policies to allow you to become your own bank, how to ‘Ten-X your life and why you don’t have to have lots of money to start investing.

KEY TAKEAWAYS

• Nowadays a bank is just a middle man between people who have money and people who need money. They charge people fees on both sides and some banks do not have any money at all, they just leverage from one hand to the next hand and use other people's money in between.

• Many people are able to become their own banks and have ‘self-banking’ principles. This does not mean you have to become a registered, chartered bank but having the infinite banking concept. It is the utilisation of dividend paying life insurance.

• Whole life insurance has two parts if it is structured the correct way. It has cash value, and life insurance which is almost like a savings account inside the life insurance policy. If you build up your policy you can eventually start to earn interest and dividends every year, which compounds and the cash value grows. The banking part comes in by giving you access to the money. You can borrow against it without interrupting the growth.

• Anybody can adopt this principle. It is about having the ability to understand what to do with the money from the moment you earn it until the moment you spend it. Before you spend the money you can have it sit in the whole life policy, borrow against it and then use that over and over again so that you can become your own source of financing whilst still growing cash reserves.

• The ten X rule is valuable to investors. If you can take everything that you are doing, put it in brackets and multiply it by ten, then you will multiply every one of those things by ten. This theory works for everything from investment, to how many podcast shows you can get onto. If you can do that formula once, what is stopping you from doing it again?

• Many people believe that they cannot do any money investing unless they have a lot of money. This is not true, there is a lot of leverage out there. The word ‘leverage’ to entrepreneurs is fascinating. It is especially fascinating what you can do, if you leverage other people's money.

BEST MOMENTS

“You can still apply certain benefits even if you’re not in the US”

“You don’t have to be in the banking industry, you don’t have to have millions of dollars, you can do this with any amount of money it is about having the ability.”

ABOUT THE GUEST

Sarry Ibrahim’s business is to help high net worth individuals, real estate investors, business owners and retirees grow and protect their wealth predictably and safely. As a Financial Consultant, Health and Life Agent, Sarry has cultivated a reputation for putting his clients first, no matter what. He prides himself on attending all client meetings without expectations or preconceived ideas to ensure that he is solving his client’s problems. That’s the value Sarry offers.

VALUABLE RESOURCES

Bank on You with Sarry Ibrahim:

https://omny.fm/shows/the-property-nomads/bank-on-yourself-finance-your-lifestyle-and-your-d

https://www.linkedin.com/in/sarry-ibrahim-mba-ltcp-bank-on-you/

ABOUT THE HOST

Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life.

CONTACT METHOD

Contact Fredrik Sandvall – Invest in You

https://www.linkedin.com/in/sandvall/?originalSubdomain=uk

https://sandvallinvest.com/

https://www.facebook.com/FredrikinLondon

https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2

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