Episode 30: Building Wealth Beyond the Bank with John Ensley's Infinite Banking Concept

In this week’s episode, our host Bob Gauvreau had the pleasure of speaking with John Ensley, a proponent of the Infinite Banking Concept. Ensley shared his journey from an Army veteran to a real estate investor and finally to a financial advisor specializing in this unique wealth-building approach.

Bob and John delve in the innovative financial strategy known as the "Infinite Banking Concept," a method that challenges traditional banking and investment norms. This concept, often associated with the utilization of cash value life insurance policies, presents an alternative approach to wealth building and management.

The Infinite Banking Concept introduces a unique strategy in personal finance, using whole life insurance policies as a tool for financial growth and stability. This concept has emerged as an alternative to traditional banking and investment methods, particularly appealing in times of economic uncertainty.

The concept finds practical application in various scenarios, including funding business ventures, real estate investments, or personal expenses like education or retirement. It allows individuals to utilize their policies to finance projects, potentially offering more favorable terms compared to traditional financial avenues.

The Infinite Banking Concept offers an innovative approach to managing personal finances, especially for those seeking alternatives to conventional financial strategies. It emphasizes the use of whole life insurance policies as versatile financial tools, suitable for a variety of personal and business needs. As with any financial strategy, it's important to consult with a financial advisor to tailor this approach to individual financial goals and circumstances.

For a deeper dive into the Infinite Banking Concept and to hear firsthand experiences and insights, tune in to our full podcast episode. Explore how this strategy can be integrated into your financial planning and the impact it can have on your personal and business finances.

Episode Highlights: 

• 00:00 Welcome to The Wealthy Entrepreneur Podcast
• 05:17 Using Whole Life Insurance for Financing and Retirement Planning
• 10:36 Using Life Insurance Policies for Business Financing
• 05:16 Self-financing Through Policy Loans for Real Estate Investments
• 18:32 Using Life Insurance Policies for Investment and Retirement Planning
• 23:10 Using Life Insurance Policies for Wealth Accumulation and Retirement Planning
• 28:15 Financial Planning and Retirement Strategies

About the Guest:

John Ensley, ChFC®, president of J-Ensley Financial founded in 2012, is a distinguished financial planner with a Chartered Financial Consultant designation from the American College of Financial Services. Having overcome personal financial challenges during the great recession, he developed a unique approach to wealth management, focusing on safe, predictable strategies insulated from traditional financial system fluctuations. John specializes in helping clients combat the 'Money Monsters' of taxes, fees, market crashes, inflation, and debt interest. His methods, unknown to conventional financial planners, aim to help individuals, families, and business owners grow their savings safely, become self-reliant in financing, and establish passive income streams, ultimately taking back control of their financial futures.

Connect with John Ensley:

• Jensley Financial, LLC: https://jensley.com/
• Booking Link: jumponwithjohn.com
• LinkedIn: https://www.linkedin.com/in/johnensley/
• Facebook: https://www.facebook.com/JEnsleyFinancial
• X: https://twitter.com/johnensley

Resources:

• Book a call with John: jumponwithjohn.com
• Jensley Financial, LLC: https://jensley.com/
• Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/ 
• Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in 
• Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram 
• Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@milliondollaryearprogram.

Let’s continue to work on becoming a Wealthy Entrepreneur!