Infinite banking expert Jose Salloum reveals how real estate investors can create their own banking systems for fast, credit-check-free access to investment capital while their money continues growing through dividends. This powerful wealth-building strategy operates outside traditional financial systems, offering tax advantages and allowing investors to use the same dollars multiple times.
• Real estate investors benefit from creating their own banking systems for quick access to capital
• Properly structured infinite banking policies continue growing even when borrowed against
• The top companies have paid dividends consistently for over 100 years through all market conditions
• Dividends grow tax-free when properly managed with expert guidance
• Special provisions allow moving money tax-free from corporations
• Same dollars can be used 2-4 times when combined with real estate strategies like BRRRR or flipping
• Anyone with income or assets can start, but must be coachable and financially responsible
• Convert debt to wealth by changing how you pay existing obligations
• Never pay cash directly - instead, borrow from your banking system while original funds keep growing
Learn this powerful process now! https://ibcfinancial.com/
Sponsored by: https://podcast.lendcity.ca/
Search for the Wisdom Lifestyle Money Show on your favorite podcasting platform.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
They have a deal.
They need $200,000 in a fewdays.
Guess what?
No credit check, nothing.
They get it in five days.
Speaker 2 (00:11):
Welcome to the 5 Questions Podcast, where we
unlock real estate and businessinsights, one question at a time
.
Speaker 3 (00:27):
Are you looking to build wealth through real estate
investing in North America?
I'm Scott Dillingham and on theWisdom Lifestyle Money Show,
I'll be your guide to smartinvesting across Canada and the
US.
Each week, I break down thestrategies successful investors
use.
From understanding cross-borderfinancing to hearing from
experts, I deliver actionableinsights you won't find anywhere
(00:47):
else.
Whether you're a seasonedinvestor or just getting started
, I'll help you navigate theunique opportunities in Canada
and the US real estate market.
Search for the Wisdom LifestyleMoney Show on your favorite
podcasting platform.
Speaker 2 (01:00):
We are here at Xpand again and I have the pleasure to
have another special guest.
I am here with Jose Saloum.
Jose, I'm so happy to have youon the podcast today.
Speaker 1 (01:13):
It's a pleasure to meet you, Mario.
Speaker 2 (01:15):
You are a specialist, and specialist is a small word
for infinite banking.
You have lots of wisdom and Iwant to talk to you about that
subject because I feel like nota lot of people are aware of the
benefits of using infinitebanking.
But first I'd like to start bytalking of maybe you can explain
(01:39):
how a real estate investor canuse infinite banking to their
benefit, to to help them intheir journey that's amazing
because the biggest and the bestclients that we have are reset,
invested, because theyunderstand the importance of
infinite banking in their livesby becoming their own bankers.
Speaker 1 (02:02):
And this is access, fast access of their cash,
without credit check.
So it is fast access ofliquidity to fund any deal.
And when they do that, guesswhat?
The cash doesn't leave theirbanking system.
(02:24):
So let's say they have fivehundred thousand dollars in
their banking system that theycreate and they have a deal.
They need two hundred thousanddollars in few days.
Guess what?
No credit check, nothing.
They get it in five days andhow much left in their banking
system?
More than $500,000, because thenext day they borrow they have
(02:48):
a dividend added every day Isthat good.
Speaker 2 (02:52):
That sounds like magic to me.
I really am more curious aboutit and we're going to dissect
that a little bit more andtalking about having more money
that grows even when you take itout.
Speaker 1 (03:07):
it goes to my second question we never take it out,
we always leverage it that's thesecret you leverage your power.
Speaker 2 (03:16):
So that's that goes in with the second question, and
, and it's how does the cashvalue grow in?
Speaker 1 (03:24):
a policy.
You know this is a greatquestion.
Sometimes I get this questionthe company we work with.
We have in our brokerage firm19 companies, but we choose one
which is not only the Mercedes,it's the Rolls Royce.
This company exists over 103years.
(03:48):
They never miss a dividend.
So their formula is a secret.
I saw the part of anotherformula.
It was one meter long part ofit.
So no one know, except aboutfive people in the company.
(04:11):
They know this formula so.
But this company and the GreatDepression they pay dividend.
And the Second World War theypay dividend.
23 crashes in the market theypay dividend.
No negative year, no missingany year.
How they do it?
They have the expertise to dothat because they don't invest
in the market, in the stockmarket.
(04:33):
So all the companies that theyinvest in them are outside the
manipulation of the marketvolatility.
Wow, that's.
Speaker 2 (04:48):
I don't even know where to start because that's
we're not used to seeing thatlike.
It's almost impossible, likeyou know, when most people
invest in markets and thenthere's uptrends and downtrends,
and if you can use a policythat is paid regularly without
fluctuation, that is reallyamazing.
Speaker 1 (05:09):
It is also compounding.
It is like this and this willcreate wealth in your life by
moving only the money from thewrong place, from the left place
, to the right place.
It's not an investment.
Many people think infinitebanking is a whole life.
No, Infinite banking is aphilosophy, is a process.
(05:34):
It's not a product.
Infinite banking where youstore your money your money
should be stored somewhere.
You create a warehouse ofwealth and, while it's there,
give you a dividend under yourcontrol, private, guaranteed to
growth.
And when we say dividend, it'snot taxable dividend, by the way
(05:54):
, it's outside the taxationsystem, so you don't pay taxes
on that and you can leverage it.
Opm you start to use it as atool to practice the OPM, as you
know the other people's money.
Speaker 2 (06:09):
So that leads into the third question I have for
you what kind of tax implicationdoes this kind of formula or
system is for people that use it?
Are you taxed on the money thatyou take out or on the dividend
(06:30):
that are paid?
Speaker 1 (06:32):
The dividend is not taxable at all never if you
don't withdraw it.
There is something calledAdjust Cost Space ACB, so we
have the expertise to guide ourclients.
So they don't pay taxes at allin all terms.
But if they respect the rulesin the infinite banking, they
(06:57):
99% point nine, nine they willnot pay taxes.
The only person can destroy thesystem and make it taxable is
if they misuse it, if they abuseit.
So anything you know you takeany car.
If you don't follow themaintenance, if you don't change
(07:20):
the oil, there is consequences.
So I have six banks and in mysystem system I will never pay
taxes.
Why?
Because I know how to use itand I respect the rules.
So you can put it in yourcorporation, especially as a
real estate investor, and thereis a special window.
Here's the beauty you can putas much as you want if you are
(07:42):
qualified, and there is aspecial window in the tax law.
It's not a loophole.
It is established by thegovernment that you can take out
all your money from yourcorporation tax-free.
Is that good that it is amazing.
So you can use your dollars two,three and four times the same
(08:05):
dollars if you do the burrflipping and if you establish it
with many, so you can use yourdollar two, three and four times
the same dollar If you do theburr flipping and if you
establish it with the rightstructure.
We help our client to establishthe right structure.
It's not only a life insurance.
It's more than that.
I'm known as the IBC expertacross the United States and
Canada the IBC expert across theUnited States and Canada and we
(08:30):
have hundreds and hundreds ofclients to establish the right
structure to put their best,also designed whole life
insurance with a mutual companyin their structure, and this way
we create wealth for them,non-taxable wealth.
Speaker 2 (08:49):
And I want to make something clear for our viewers
and listeners today, jose youneed to follow the guidance,
because these are systems thatyou don't want to screw up.
You need to follow the guidanceof experts like you to make
sure that we can take advantageof all the systems and keep
(09:11):
growing exponentially, like yousaid.
Speaker 1 (09:15):
Absolutely.
Look, we are here to serve ourclients and to create wealth for
them.
And what I did for my children,my family, what I did for my
clients, my clients I don't likethem, by the way.
I love them.
We want to do good in theirlives and sometimes we refuse to
(09:35):
take clients because if theydon't demonstrate that they are
ready to think differently, ifthey are irresponsible in their
spending, we put them in asystem to establish a systematic
system to prove that they areresponsible.
(09:58):
But this is very, very rare.
We deal with doctors, with realestate investors, with
entrepreneurs that they want toimprove their wealth and create
wealth from just moving themoney to the right place.
Speaker 2 (10:16):
So this is so far you know.
It's amazing because you canreuse the same money.
If you follow the rules of thesystem, it can grow compound
effect.
Now maybe some people areasking themselves how much do
you need to start a policy?
Can anybody do it?
(10:37):
Do you need to be a millionaireto buy those type of policies
or to put the money in there?
Speaker 1 (10:44):
Infinite banking is for everyone, but not everyone
can use it or establish itbecause, first, they should be
coachable.
We don't know what we don'tknow.
If you want to be a banker, youshould read little bit, spend
about between three to ten hourseducation.
We coach our clients, so theyneed to be ready to be coachable
(11:10):
people right.
Second, there's no free money.
So so if you have assets, ifyou have good income, you can
start this.
If you have debt like mortgages, car debts, whatever it is you
can, we can help you.
The only people we cannot helpirresponsible and, let's say, if
(11:33):
they are in very, very, verylow income because they need to
be approved to create a systemhere.
You are not buying lifeinsurance.
You want to buy life insurance.
You can go and buy a term lifeinsurance, but if you want to
establish a bank, it's like youneed to fund it.
You should fund it from where?
And we teach people theprinciple of paying yourself
(11:53):
first 20% of your income beforeyou spend it.
You should put it on the side.
Where do you put it?
In your system?
Not in other people's bank.
When it is there, you can startto use it to pay your debt.
We have people.
They have lots of credit cardsdebts.
We have people that they havecars and payments and mortgages
(12:16):
and not too much liquidity.
But they are sincere, they wantto improve, say I don't want to
be in this division, I want toimprove myself, I want to be
wealthy.
I don't want to pay all thisinterest to the banks and
financial institutions.
I want not, I like.
So when there is the will,there is a way and we coach our
clients and all is on us.
(12:36):
We help the clients to bewealthy if they want to be what.
You can bring the horse to thewater, but you cannot force him
to to drink, to drink, yeah sothat's.
Speaker 2 (12:46):
That's a very good point for our listeners.
So if, if you want to start,you maybe don't have, you know,
you don't think you have themoney or the knowledge, you're
gonna coach them and show themhow to do it.
So that's a very good point.
Speaker 1 (13:02):
Excuse me, Many people think that they are not
qualified because they imaginefor health issue, for money.
But when we met them and wehave the creativity, we have the
expertise, they are shocked.
Say wow, People with tearsSometimes we have clients with
tears and I'm always honest Saywe thought that we are finished
(13:25):
and now you give us a sure hopethat we are going to enjoy our
lives.
It's amazing.
Speaker 2 (13:31):
Yeah, and our last question, which we talked a
little bit about it.
So people with debt they canstill participate and you can
help them, because a lot ofpeople have debts these days and
sometimes it's hard to get outof it, but people still have
(13:52):
hope to get out of that withthat system.
Speaker 1 (13:55):
I become wealthy by debt.
It depends on if there's baddebt and good debt.
If someone is playing in thecasino, I cannot help him, but
if someone, they have mortgages,they have a little bit credit
cards debt and they demonstratethat they want to be better,
they want to save.
We teach them how to pay theirdebt and while they are paying
(14:17):
the debt, they accumulate wealth.
We convert the debt to wealth,but not everyone is qualified
for that, in a sense that theyshould be coachable.
This is very important anddemonstrate that the willingness
to be better.
I have that.
Maybe you have debt, but guesswhat Debt we can convert to
(14:41):
wealth by is how you pay yourdebt Right.
One of the rules we can tellfrom now never pay cash, never
pay liquid right away to debt.
Put it in your banking systemor in your bank.
Borrow from your banking systemand pay your debt.
While you are doing that, themoney continue to grow in your
(15:03):
banking system and your bank asyou never touch it.
Speaker 2 (15:07):
That's amazing.
This system is reallymind-blowing and I think we
could talk for hours about it,so we might have to do some more
sessions on it, but for today,our time is up and we have to go
back to the conference.
But, jose, thank you so muchfor being our guest on the
podcast today, and we will talksoon again.
Speaker 1 (15:28):
I'm honored to be on your show and you're an amazing
person, big heart andhardworking person.
Thank you so much and thank youfor everyone, thank you, thank
you.
Thanks for tuning into the fivequestions podcast.
Speaker 2 (15:38):
Thank you so much.
Thank you for everyone.
Thank you, Thank you.
Thanks for tuning in to the 5Questions Podcast.
If you enjoyed today's episode,don't forget to subscribe, like
and hit the notification bellon our YouTube channel so you
never miss an episode.
Stay tuned for more insightsand tips to transform your real
estate and business game.
See you next time.
They have a deal.
They need $200,000 in a fewdays.
Guess what?
No credit check, nothing.
They get it in five days.
Speaker 2 (00:11):
Welcome to the 5 Questions Podcast, where we
unlock real estate and businessinsights, one question at a time
.
Speaker 3 (00:27):
Are you looking to build wealth through real estate
investing in North America?
I'm Scott Dillingham and on theWisdom Lifestyle Money Show,
I'll be your guide to smartinvesting across Canada and the
US.
Each week, I break down thestrategies successful investors
use.
From understanding cross-borderfinancing to hearing from
experts, I deliver actionableinsights you won't find anywhere
(00:47):
else.
Whether you're a seasonedinvestor or just getting started
, I'll help you navigate theunique opportunities in Canada
and the US real estate market.
Search for the Wisdom LifestyleMoney Show on your favorite
podcasting platform.
Speaker 2 (01:00):
We are here at Xpand again and I have the pleasure to
have another special guest.
I am here with Jose Saloum.
Jose, I'm so happy to have youon the podcast today.
Speaker 1 (01:13):
It's a pleasure to meet you, Mario.
Speaker 2 (01:15):
You are a specialist, and specialist is a small word
for infinite banking.
You have lots of wisdom and Iwant to talk to you about that
subject because I feel like nota lot of people are aware of the
benefits of using infinitebanking.
But first I'd like to start bytalking of maybe you can explain
(01:39):
how a real estate investor canuse infinite banking to their
benefit, to to help them intheir journey that's amazing
because the biggest and the bestclients that we have are reset,
invested, because theyunderstand the importance of
infinite banking in their livesby becoming their own bankers.
Speaker 1 (02:02):
And this is access, fast access of their cash,
without credit check.
So it is fast access ofliquidity to fund any deal.
And when they do that, guesswhat?
The cash doesn't leave theirbanking system.
(02:24):
So let's say they have fivehundred thousand dollars in
their banking system that theycreate and they have a deal.
They need two hundred thousanddollars in few days.
Guess what?
No credit check, nothing.
They get it in five days andhow much left in their banking
system?
More than $500,000, because thenext day they borrow they have
(02:48):
a dividend added every day Isthat good.
Speaker 2 (02:52):
That sounds like magic to me.
I really am more curious aboutit and we're going to dissect
that a little bit more andtalking about having more money
that grows even when you take itout.
Speaker 1 (03:07):
it goes to my second question we never take it out,
we always leverage it that's thesecret you leverage your power.
Speaker 2 (03:16):
So that's that goes in with the second question, and
, and it's how does the cashvalue grow in?
Speaker 1 (03:24):
a policy.
You know this is a greatquestion.
Sometimes I get this questionthe company we work with.
We have in our brokerage firm19 companies, but we choose one
which is not only the Mercedes,it's the Rolls Royce.
This company exists over 103years.
(03:48):
They never miss a dividend.
So their formula is a secret.
I saw the part of anotherformula.
It was one meter long part ofit.
So no one know, except aboutfive people in the company.
(04:11):
They know this formula so.
But this company and the GreatDepression they pay dividend.
And the Second World War theypay dividend.
23 crashes in the market theypay dividend.
No negative year, no missingany year.
How they do it?
They have the expertise to dothat because they don't invest
in the market, in the stockmarket.
(04:33):
So all the companies that theyinvest in them are outside the
manipulation of the marketvolatility.
Wow, that's.
Speaker 2 (04:48):
I don't even know where to start because that's
we're not used to seeing thatlike.
It's almost impossible, likeyou know, when most people
invest in markets and thenthere's uptrends and downtrends,
and if you can use a policythat is paid regularly without
fluctuation, that is reallyamazing.
Speaker 1 (05:09):
It is also compounding.
It is like this and this willcreate wealth in your life by
moving only the money from thewrong place, from the left place
, to the right place.
It's not an investment.
Many people think infinitebanking is a whole life.
No, Infinite banking is aphilosophy, is a process.
(05:34):
It's not a product.
Infinite banking where youstore your money your money
should be stored somewhere.
You create a warehouse ofwealth and, while it's there,
give you a dividend under yourcontrol, private, guaranteed to
growth.
And when we say dividend, it'snot taxable dividend, by the way
(05:54):
, it's outside the taxationsystem, so you don't pay taxes
on that and you can leverage it.
Opm you start to use it as atool to practice the OPM, as you
know the other people's money.
Speaker 2 (06:09):
So that leads into the third question I have for
you what kind of tax implicationdoes this kind of formula or
system is for people that use it?
Are you taxed on the money thatyou take out or on the dividend
(06:30):
that are paid?
Speaker 1 (06:32):
The dividend is not taxable at all never if you
don't withdraw it.
There is something calledAdjust Cost Space ACB, so we
have the expertise to guide ourclients.
So they don't pay taxes at allin all terms.
But if they respect the rulesin the infinite banking, they
(06:57):
99% point nine, nine they willnot pay taxes.
The only person can destroy thesystem and make it taxable is
if they misuse it, if they abuseit.
So anything you know you takeany car.
If you don't follow themaintenance, if you don't change
(07:20):
the oil, there is consequences.
So I have six banks and in mysystem system I will never pay
taxes.
Why?
Because I know how to use itand I respect the rules.
So you can put it in yourcorporation, especially as a
real estate investor, and thereis a special window.
Here's the beauty you can putas much as you want if you are
(07:42):
qualified, and there is aspecial window in the tax law.
It's not a loophole.
It is established by thegovernment that you can take out
all your money from yourcorporation tax-free.
Is that good that it is amazing.
So you can use your dollars two,three and four times the same
(08:05):
dollars if you do the burrflipping and if you establish it
with many, so you can use yourdollar two, three and four times
the same dollar If you do theburr flipping and if you
establish it with the rightstructure.
We help our client to establishthe right structure.
It's not only a life insurance.
It's more than that.
I'm known as the IBC expertacross the United States and
Canada the IBC expert across theUnited States and Canada and we
(08:30):
have hundreds and hundreds ofclients to establish the right
structure to put their best,also designed whole life
insurance with a mutual companyin their structure, and this way
we create wealth for them,non-taxable wealth.
Speaker 2 (08:49):
And I want to make something clear for our viewers
and listeners today, jose youneed to follow the guidance,
because these are systems thatyou don't want to screw up.
You need to follow the guidanceof experts like you to make
sure that we can take advantageof all the systems and keep
(09:11):
growing exponentially, like yousaid.
Speaker 1 (09:15):
Absolutely.
Look, we are here to serve ourclients and to create wealth for
them.
And what I did for my children,my family, what I did for my
clients, my clients I don't likethem, by the way.
I love them.
We want to do good in theirlives and sometimes we refuse to
(09:35):
take clients because if theydon't demonstrate that they are
ready to think differently, ifthey are irresponsible in their
spending, we put them in asystem to establish a systematic
system to prove that they areresponsible.
(09:58):
But this is very, very rare.
We deal with doctors, with realestate investors, with
entrepreneurs that they want toimprove their wealth and create
wealth from just moving themoney to the right place.
Speaker 2 (10:16):
So this is so far you know.
It's amazing because you canreuse the same money.
If you follow the rules of thesystem, it can grow compound
effect.
Now maybe some people areasking themselves how much do
you need to start a policy?
Can anybody do it?
(10:37):
Do you need to be a millionaireto buy those type of policies
or to put the money in there?
Speaker 1 (10:44):
Infinite banking is for everyone, but not everyone
can use it or establish itbecause, first, they should be
coachable.
We don't know what we don'tknow.
If you want to be a banker, youshould read little bit, spend
about between three to ten hourseducation.
We coach our clients, so theyneed to be ready to be coachable
(11:10):
people right.
Second, there's no free money.
So so if you have assets, ifyou have good income, you can
start this.
If you have debt like mortgages, car debts, whatever it is you
can, we can help you.
The only people we cannot helpirresponsible and, let's say, if
(11:33):
they are in very, very, verylow income because they need to
be approved to create a systemhere.
You are not buying lifeinsurance.
You want to buy life insurance.
You can go and buy a term lifeinsurance, but if you want to
establish a bank, it's like youneed to fund it.
You should fund it from where?
And we teach people theprinciple of paying yourself
(11:53):
first 20% of your income beforeyou spend it.
You should put it on the side.
Where do you put it?
In your system?
Not in other people's bank.
When it is there, you can startto use it to pay your debt.
We have people.
They have lots of credit cardsdebts.
We have people that they havecars and payments and mortgages
(12:16):
and not too much liquidity.
But they are sincere, they wantto improve, say I don't want to
be in this division, I want toimprove myself, I want to be
wealthy.
I don't want to pay all thisinterest to the banks and
financial institutions.
I want not, I like.
So when there is the will,there is a way and we coach our
clients and all is on us.
(12:36):
We help the clients to bewealthy if they want to be what.
You can bring the horse to thewater, but you cannot force him
to to drink, to drink, yeah sothat's.
Speaker 2 (12:46):
That's a very good point for our listeners.
So if, if you want to start,you maybe don't have, you know,
you don't think you have themoney or the knowledge, you're
gonna coach them and show themhow to do it.
So that's a very good point.
Speaker 1 (13:02):
Excuse me, Many people think that they are not
qualified because they imaginefor health issue, for money.
But when we met them and wehave the creativity, we have the
expertise, they are shocked.
Say wow, People with tearsSometimes we have clients with
tears and I'm always honest Saywe thought that we are finished
(13:25):
and now you give us a sure hopethat we are going to enjoy our
lives.
It's amazing.
Speaker 2 (13:31):
Yeah, and our last question, which we talked a
little bit about it.
So people with debt they canstill participate and you can
help them, because a lot ofpeople have debts these days and
sometimes it's hard to get outof it, but people still have
(13:52):
hope to get out of that withthat system.
Speaker 1 (13:55):
I become wealthy by debt.
It depends on if there's baddebt and good debt.
If someone is playing in thecasino, I cannot help him, but
if someone, they have mortgages,they have a little bit credit
cards debt and they demonstratethat they want to be better,
they want to save.
We teach them how to pay theirdebt and while they are paying
(14:17):
the debt, they accumulate wealth.
We convert the debt to wealth,but not everyone is qualified
for that, in a sense that theyshould be coachable.
This is very important anddemonstrate that the willingness
to be better.
I have that.
Maybe you have debt, but guesswhat Debt we can convert to
(14:41):
wealth by is how you pay yourdebt Right.
One of the rules we can tellfrom now never pay cash, never
pay liquid right away to debt.
Put it in your banking systemor in your bank.
Borrow from your banking systemand pay your debt.
While you are doing that, themoney continue to grow in your
(15:03):
banking system and your bank asyou never touch it.
Speaker 2 (15:07):
That's amazing.
This system is reallymind-blowing and I think we
could talk for hours about it,so we might have to do some more
sessions on it, but for today,our time is up and we have to go
back to the conference.
But, jose, thank you so muchfor being our guest on the
podcast today, and we will talksoon again.
Speaker 1 (15:28):
I'm honored to be on your show and you're an amazing
person, big heart andhardworking person.
Thank you so much and thank youfor everyone, thank you, thank
you.
Thanks for tuning into the fivequestions podcast.
Speaker 2 (15:38):
Thank you so much.
Thank you for everyone.
Thank you, Thank you.
Thanks for tuning in to the 5Questions Podcast.
If you enjoyed today's episode,don't forget to subscribe, like
and hit the notification bellon our YouTube channel so you
never miss an episode.
Stay tuned for more insightsand tips to transform your real
estate and business game.
See you next time.
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com