Breakaway Wealth Podcast

In this episode, you'll discover why the bank doesn't do what you think it does with your money, and what it really does with it. Logan Rankin shares why banks are so wealthy, and how to start doing what the bank does to create velocity of money for yourself. If want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=BmSD9SfuPNs&t - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In This Episode: When people read Becoming Your Own Banker by R. Nelson Nash, they get to the equipment financing example and they don't understand it. They read it two to three times and then take the Becoming Your Own Banker course inside the CreateTailwind community, and then it sinks in. They think it's the answer for them and that they have everything figured out. But this week, Jim and Nick Kosko are taking a different approach to this topic, and while they are still explaining it as the book intends it to be explained, they are putting the Breakaway Wealth CreateTailwind spin on it. Picture this. Nick and Jim buy the exact same brand new F150 pickup truck. Same options, same sticker price, same color, same everything. Nick drives the truck hard and doesn't worry about the maintenance schedule, he drives it like nobody's business. How many miles will he get out of the truck? Now, Jim takes the exact same truck that he bought, he changes the oil every 3000 miles, uses the best oil and fuel from the best gas station, has it inspected regularly to make sure it's running right, and takes good care of it. How long will the truck last for Jim? Wondering how an example about buying a brand new F150 pickup truck relates to infinite banking? It all becomes clear in this week's episode. When we look at an insurance contract, we should look at it the same way as this equipment financing example. In this episode, Jim and Nick explore this example further to explain why, and show you what you really need to be focusing on in your life insurance policies. Hear the unique spin that Jim and Nick are putting on this topic and how it differs from the way most Infinite Banking practitioners teach it, learn how to get money to stop flowing away from you and start flowing back to you, and find out why, when you really look at infinite banking and life insurance policies, you actually want to pay the base premiums. Don't forget, if you want to see all the ins and outs of this equipment financing example from the book, the course inside the CreateTailwind community can help. Resources Mentioned in This Episode: Becoming Your Own Banker: Unlock the Infinite Banking Concept by R. Nelson Nash: https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS/ Acres of Diamonds by Russell H. Conwell: https://www.amazon.com/Acres-Diamonds-Russell-H-Conwell/dp/1940177618 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why short-term rentals can bring in five or six times more than long-term rentals, and how the two types are different. Julian Sage shares why reviews for short-term rentals are so important, what most people don't realize when they enter the short-term rental space, and how to take the next step into the short-term rental industry. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=d2GZkWx0T40 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why a lot of real estate agents never become real estate investors. Pat Hiban shares a common misconception about real estate investing, and one thing that people don't know about building a real estate portfolio. If you want to learn more, then the best thing to do is listen to the full episode here: https://www.youtube.com/watch?v=L8QiMMbTmfQ - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover how the typical American public has been made a slave by bankers. Nelson Nash shares the first step you need to take to break away from the traditional banking system, how to stop being a slave to the traditional banking systems, and why propaganda will always work if you let it. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=BeRWmomiYR4 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, Brad Costanzo challenges us to "make a good trade" when trading our time for money. He also discussed with Jim the biggest noise in the mind of people when they start their entrepreneurial journey, the fear of the unknown. Don't miss some other nuggets we got from this episode. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=pBi9264Ffq0 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

Episode 194: What You Need To Know About Cost Segregation With Yonah Weiss Cost segregation, like most accounting and tax terms, sounds complex and boring. But, in this episode, you'll discover how cost segregation can help you save money on your taxes. Our guest, Yonah Weiss, breaks down what cost segregation is and how to use real estate tax benefits to your advantage. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=QjsRlitRs2I - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/

In this episode, you'll discover from Steve Libman what it takes to break away from the herd as you go on your entrepreneurial journey. We learned that your business will only grow to the level that you are as a leader, and how sometimes during that process you need to give up a lot, empower yourself and others, and learn how to serve others in another capacity. If you want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=_JEoXPcj9ok - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover how Javier Heredia got run over by a garbage truck, spent a month in a coma, and miraculously lived to tell the tale. Hear how his accident left him financially broke and how the banks provided zero support, only making things worse. If want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=aCTM4nAzOVY - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why real estate provides a great source of wealth and how Anna Myers deliberately scaled out of photography into full-time real estate. Find out why the government wants to take most of what you make, and the moment Anna realized she had to use alternative forms of making money. If want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=o-2CFE6guug - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events