How Money Mentors Make One Dollar Work Multiple Times

Living Your Legacy

Co-founders of Real Money Masters, Joseph Kovace/Brianna Shaw, discuss strategies for bypassing traditional banks to create a personal finan

Key takeaways

• The Infinite Banking Concept (IBC) allows individuals to borrow against their life insurance policies without interrupting compounding growth.
• Effective wealth building relies on five key pillars: velocity, arbitrage, leverage, utilization, and efficiency.

Main topics

• Infinite Banking Concept (IBC)
• Financial Ecosystems

Notable quotes

Why aren't we taking that money and putting it to work? Why aren't we creating our own bank?

Conclusion

The episode serves as a primer on using specialized financial tools to

Transcript preview

Speaker 4 (0:00) We're taught to go to the banks for loans and for lines of credit or just being able to borrow money, giving the bank the full control. What we teach people how to do is how to erase the middleman. Speaker 3 (0:13) Why aren't we taking that money and putting it to work? Why aren't we creating our own bank? Why? Because we don't know. Speaker 1 (0:21) Joseph and Brianna are the co-founders of Real Money Masters, a financial education company teaching people how to take greater control over the way their money moves. Through strategies including infinite banking, HELOCs, and velocity banking, they focus on helping people understand how to make their dollars work more than once instead of relying solely on traditional banking. Speaker 4 (0:40) A lot of people think they're ready to invest, Speaker 1 (0:42) but Speaker 4 (0:43) they're not. So we're here to teach people how to build up a financial ecosystem that's built to protect them. and the dollars are making more dollars not relying on their hours and a day alone we Speaker 3 (0:56) educate on the four pillars pay yourself first be in control money not in motion does not make money spend interest not principle i also teach you value what's valued Speaker 5 (1:18) is going to reinvent the ball. It's not over until I win. The Speaker 1 (1:24) Living Your Legacy podcast for those who live to leave a legacy. Speaker 5 (1:44) Hey, Speaker 2 (1:45) welcome back everyone to another episode of Living Your Legacy podcast. I'm your host again, Jay Slangen, and we're down here again in the sunny Miami Beach studios where we get the privilege to speak to some of the best entrepreneurs from all around the country, the disruptors, experts in many, many fields. And today we're here for our show, The Legacy Makers. We've got two special guests with us. Yeah, why don't you guys introduce yourself? What's your name? Where are you from? And what's your business? Speaker 3 (2:11) I'm Joe Kovacevic. I'm from Buffalo, New York. And we're with Real Money Masters. Speaker 4 (2:16) And I'm Brianna Shaw, and I'm from Alaska. And yes, we're the co-founders of Real Money Masters. All Speaker 2 (2:22) right. Real Money Masters, right? Oh, my God. Like, when I was young, I used to listen to that. Watch He-Man, Masters of the Universe, right? But I should have been watching the real money masters, maybe you guys, right? Speaker 4 (2:33) That song plays in my head some days after our calls. All right. So Speaker 2 (2:37) what's, yeah, talk to us about your business. Speaker 4 (2:41) Well, we are people that practice what we preach. And we saw a lot of flaws in the financial industry. And so we call ourselves disruptors to the industry. And we are just doing what we. do in our own personal lives, showing people how to do it themselves. And we're here teaching people how to use their dollars more than one time. Speaker 2 (3:02) Okay. So you guys are coaches or do you sell a course or? We Speaker 4 (3:08) don't sell anything. Speaker 2 (3:09) We don't sell anything. You don't sell anything. Speaker 3 (3:10) We are educators and we're trying to change your mindset. Okay. Because what you're taught to do is opposite of what is going to benefit you. Speaker 2 (3:22) We are Speaker 3 (3:22) taught to do things by leaving our money into a savings account. Yeah. Speaker 2 (3:26) So Speaker 3 (3:26) now the bank can take that money and put it to work. Why aren't we taking that money and putting it to work? Why aren't we creating our own bank? Why? Because we don't know. Speaker 4 (3:37) We're taught to go to the banks for loans and for lines of credit or just being able to borrow money, giving the bank the full control. What we teach people how to do is how to erase the middleman, especially we don't touch Wall Street products. So they don't have financial advisors that they work with us. Sometimes they do, but then they end up seeing that there's more of a cost benefit for them to fire their advisor and keep us on because we're not trying to dig for a profit opportunity. We're trying to dig for a client results driven business, not profit driven. Yeah. Speaker 2 (4:14) Most people, they just get a financial advisor. Yeah. Right. And you just say, Hey, You are the money master, right? And so people trust, you know, their money with someone else, right? Speaker 3 (4:26) But that financial advisor is getting money, taking 2%, 3 % off of what you're making. And what happens when you lose money? Does he lose money? Yeah. He's still making that 2 % to 3 % for managing yours. I've Speaker 4 (4:40) heard of advisors helping people get into things that the advisor themselves doesn't touch. So if it's so great, why are you having me do it and you're not doing it? Speaker 2 (4:49) Yeah. Well, isn't it usually when you work with a financial advisor, which I have not, right? But I'm just saying, isn't it just like you got three different buckets of investments? Right. You got your risky investments. You got your kind of OK investments. Then you're kind of slow going, easy investments. Right. There Speaker 4 (5:10) are a lot of different types of investments. And yes, they all have varying degrees of risk. We don't just teach people about those risk levels and the types of investments. We teach them the discernment to know. the numbers and why they work or don't work and how they work in reference to their entire financial ecosystem. So when someone, one of our clients or ourselves gets anything, spends any money or moves money, we're not just thinking about that single movement. We're