We are discussing who ultimately bears the burden of business costs and taxes, using examples such as the North Dakota property tax measure and potential tariffs on John Deere. Let's talk about how businesses typically pass these costs to consumers and the broader implications of such economic policies.

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After reading Becoming Your Own Banker, people want to self-insure for their autos. As I understand what Nelson was saying, I don't necessarily agree, considering today's prices of new vehicles and the cost to repair. This fits in the right situation, but you need to make sure it's actually the right situation.

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Many think they understand IBC and then ask questions that indicate they have missed then entire concept. Let's talk about what this means.

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What if I gave you a dollar in exchange for .50 cents, income tax free? Would you go grow quarters? This is exactly what the life insurance company does when you buy death benefit, and yet so many folks do not understand. Leave generational wealth for your family, use it to help with lost income from care, etc. The ideas are infinite.

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We love the idea of having control of our money and not answering to the bank, but we then end up not knowing what to do. When you become the banker, you have to make your own payback terms; you have to put on your banker hat. When you sign your policy documents, you have, at that moment, become a business owner of a bank! Get ready: you have all the control.

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Stop spreading yourself so thin just because you can do it all. Your business will run smoother and you'll make more money when you focus.

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IBC provides the solutions for needing liquidity, control, and guarantees. That is not provided in a traditional banking setting.

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It boils down to liquidity, control, and guarantees. While the market fell hard this week, it proves IBC is the answer for those three things. The concept is far more important to understand the problem so you can understand the solution.

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