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The Lara-Murphy Show

Building the 10%

Weekly hand curated podcast episodes for learning

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Episode 17: How-To Guide for Starting IBC, Part 1

Carlos and Bob start from scratch, and tell listeners how to begin their study of the Infinite Banking Concept (IBC), including finding an authorized IBC Practitioner. (Episode 18 discusses the preparation before the first meeting.) Mentioned in this episode: http://infinitebanking.org/finder

38mins

31 May 2016

Rank #1

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Episode 18: How-To Guide for Starting IBC, Part 2

In the previous episode, Carlos and Bob outlined the background reading necessary to begin IBC. Now, they explain how to prepare before the first meeting with an authorized Practitioner. Mentioned in this episode: http://infinitebanking.org/finder

45mins

12 Jun 2016

Rank #2

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Episode 48: The Case for IBC: Chapter 1, “Thinking Like a Business Owner”

Carlos and Bob begin their series of going through their new book (with Nelson Nash), chapter by chapter. Mentioned in this episode: The Case For IBC The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

34mins

2 Mar 2018

Rank #3

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Episode 3: Your Money Isn’t Safe in the Bank

An examination of Carlos’ research into the Dodd-Frank Act and its provisions regarding contingent capital and statutory bail-ins.

37mins

22 Feb 2016

Rank #4

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Episode 32: The Introduction to “How Privatized Banking Really Works”

You may notice a familiar voice reading the Introduction to the book by Lara and Murphy. To order a physical copy, scroll down at: https://lara-murphy.com/resources/

50mins

27 Dec 2016

Rank #5

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Episode 19: How Policy Loans Work

Carlos and Bob explain the basics of policy loans, and what Nelson Nash means by “playing honest banker” with your system.

40mins

27 Jun 2016

Rank #6

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Episode 73: Dr. Keith Smith Tells Doctors and Patients How to Secede From the Broken Health Care and Insurance System

While this was an interview Murphy conducted on his own podcast, it is relevant to Lara-Murphy Show listeners. Keith Smith is an anesthesiologist and founder of the Oklahoma Surgery Center and the Free Market Medical Association. His group is doing for health care what the Nelson Nash Institute is doing for the financial sector. Mentioned in this episode: The Bob Murphy Show, ep 37 (with links to items discussed in the episode). The Surgery Center of Oklahoma. The audio production for this episode was provided by Podsworth Media.

1hr 9mins

12 Jun 2019

Rank #7

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Episode 62: Why Not Just Pay Cash?

Carlos and Bob tackle a question from Twitter: Why is using IBC preferable to just “paying cash” for large purchases? This seemingly simple question actually raises many issues. Mentioned in this episode: The next IBC Seminar for the General Public on October 13, 2018 in Fort Worth, TX. Details at IBCSeminar.com. The Practitioner finder. The Case for IBC. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

36mins

5 Sep 2018

Rank #8

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Episode 75: The Psychology and Economics of Recurring Financial Crashes

As the U.S. authorities once again pivot to begin another round of cheap credit, Carlos and Bob reflect on the deception–both deliberate and unwitting–involved. Part of the problem is that younger investors haven’t lived through a crash, but even the old timers are caught flat-footed if they think past crashes were an “act of God.” This is why it’s so important to learn Austrian economics. Mentioned in this episode: Carlos and Bob’s video, “How to Weather the Coming Financial Storms.” The audio production for this episode was provided by Podsworth Media.

38mins

21 Sep 2019

Rank #9

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Episode 4: What’s Wrong With ‘Buy Term & Invest the Difference’? Part 1

In this episode, Bob and Carlos tackle a familiar objection to IBC, showing that the critics typically compare apples to oranges.

34mins

28 Feb 2016

Rank #10

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Episode 43: IBC BEST PRACTICES: Policy Loans and Tax Implications of Surrender

Carlos and Bob reiterate the advantages of “becoming your own banker” through the use of policy loans, but they also point out the importance of paying back the loans (in most circumstances). In particular, they warn about the potential tax implications that occur if you surrender a policy. Mentioned in this episode: IRS definition of a “life insurance contract.” https://www.law.cornell.edu/uscode/text/26/7702 IRS treatment of life insurance death benefits. https://www.law.cornell.edu/uscode/text/26/101

45mins

12 Sep 2017

Rank #11

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Episode 71: Shadow Banking and the Real Estate Market

Bob asks Carlos to discuss his April 2019 article for the Lara-Murphy Report. Carlos explains how “shadow banking” has become the dominant source of mortgage lending in the United States. He explains this trend and its implications for real estate investors. Mentioned in this episode: The business owner seminar in Nashville, TN on May 10, 2019. Sample issues and subscription details for the Lara-Murphy Report. The audio production for this episode was provided by Podsworth Media.

40mins

3 May 2019

Rank #12

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Episode 27: How to Weather the Coming Financial Storms, Part 1 of 2

The first half of the video presentation that Carlos and Bob released in late September 2016. Mentioned in this episode: The actual video presentation:  https://lara-murphy.com/video0916/ Finding an authorized IBC Practitioner:  www.TalkIBC.com Info on the Oct. 29 Spokane, WA IBC Workshop (for general public): http://www.altmeyerfinancial.com/ Info on the Nov. 15-17 St. Louis Freedom Advisor event (for financial professionals, and use discount code NNIMEMBER if registering): http://www.freedomadvisorcrusade.com/

35mins

5 Oct 2016

Rank #13

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Episode 38: Interview With Nelson Nash (Part 1 of 2)

Carlos and Bob ask the founder of IBC about his background, including his faith, marriage, career in forestry, and meeting Leonard Read. Mentioned in this episode: Leonard Read’s famous essay, “I, Pencil”: http://www.econlib.org/library/Essays/rdPncl1.html Nelson Nash’s bestselling book, Becoming Your Own Banker: https://infinitebanking.org/product/becoming-your-own-banker/ Previous podcast episodes to introduce IBC:https://lara-murphy.com/podcast/episode-17-guide-starting-ibc-part-1/ https://lara-murphy.com/podcast/episode-18-guide-starting-ibc-part-2/

33mins

10 May 2017

Rank #14

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Episode 68: IBC and the Business Owner, Part 1 of 3

Carlos and Bob begin a 3-part series explaining Austrian economics and IBC specifically for the business owner. The series is tied to the upcoming IBC Business Owner Seminar to be held on May 10, 2019, in Nashville, TN. In this episode, Bob and Carlos discuss the Fed’s recent guidance on its bond roll off schedule. They also explain entrepreneurship in the Austrian vision (with reference to Bob’s recent interview of Peter Klein), and Carlos relays statistics on business ownership in the US. Mentioned in this episode: The IBC Business Owner Seminar on May 10, 2019, in Nashville. A CNBC article summarizing the Fed’s announcement about its bond roll off. Episode 23 of the Bob Murphy Show, featuring Peter Klein and his work on entrepreneurship in the Austrian tradition. The audio production for this episode was provided by Podsworth Media.

40mins

29 Mar 2019

Rank #15

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Episode 61: Stumbling Blocks in Learning IBC

Carlos and Bob discuss some of the misconceptions or difficulties they had early on, which made them reluctant to embrace IBC. Mentioned in this episode: The next IBC Seminar for the General Public on October 13, 2018 in Fort Worth, TX. Details at IBCSeminar.com. Lara-Murphy Show episode 51. The Practitioner finder. The Case for IBC. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

52mins

15 Aug 2018

Rank #16

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Episode 60: “Should I Take Out Multiple IBC Policies?”

Nelson Nash joins Bob and Carlos to explain why he encourages IBC users to establish a system of policies (rather than just one). The discussion covers several nuances of policy design. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

29mins

27 Jul 2018

Rank #17

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Episode 35: GOP Tax Reform and International Trade (Part 1 of 3)

In this episode, Bob flies solo in order to show readers how to start thinking about the border tax adjustment plan that the GOP has proposed, as a way to boost the economy and reduce the trade deficit. Mentioned in this episode: “How to Think About Taxes” by Scott Sumner: http://econlog.econlib.org/archives/2017/02/how_to_think_ab.html

48mins

21 Feb 2017

Rank #18

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Episode 72: IBC “Jumbo” Policies, Trusts, and the Estate Tax

Bob asks Carlos to elaborate on the changing estate tax laws and how that could affect long-term planning, even with the excellent tax advantages of IBC. Mentioned in this episode: The IBC Practitioner Finder. The audio production for this episode was provided by Podsworth Media.

37mins

9 Jun 2019

Rank #19

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Episode 51: The Case for IBC: Chapter 3, “Banking and Life Insurance: Process vs. Platform”

Carlos and Bob continue the series covering their new book (co-authored with Nelson Nash). This chapter explains how the process of Infinite Banking rests on the platform of a dividend-paying Whole Life insurance policy. They also mention the standard features of a WL policy that make IBC possible. Mentioned in this episode: The Case For IBC IBC Seminar for the General Public in Chicago, May 19, 2018. Details here. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

42mins

3 Apr 2018

Rank #20