Become Your Own Banker with Kyle Fuller of Factum Financial
Todd Bookspan (CEO & Founder of Win By Noon) and Deborah Byrd (CEO & Founder of @plugandplay_sm) interview Kyle Fuller with Factum Financial.
They discuss the concept of becoming your own banker and beating traditional banks at their own game. Kyle shares his background and how reading "Rich Dad Poor Dad" at a young age sparked his interest in money and wealth. He emphasizes the importance of financial education and learning from successful individuals. Kyle explains that consumers, business owners, and investors are all players in the money game, but the role of the banker is often overlooked.
He suggests that individuals should also aim to become their own banker and control the flow of their money. They discuss the benefits of using dividend-paying whole life insurance as a savings vehicle, highlighting how major banks themselves utilize this strategy.
Kyle addresses the problems of Americans not saving enough and keeping their savings in inefficient environments, and he explains how his company aims to address these issues. The episode concludes with information on how listeners can access free educational resources to learn more about this concept.
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