Control and Compound with Darren Mitchell

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are back with another Nelson Nash spotlight. They'll be going over pages 66 and 67 of his book, Becoming Your Own Banker. Nelson talks about the retirement trap and what you need to do to have a successful life after work in retirement. Is your money for retirement protected? Tune in now to find out! Show notes: 00:00 - Introduction 2:40 - How does an RRSP work? 4:45 - Your money is not protected in government retirement savings programs 8:30 - Saving vs. investing for retirement 11:00 - The retirement trap 16:10 - Doing great things later in life 19:50 - Control your money FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are breaking down all you need to know about life insurance, including the different types, why you need it, how it can benefit business owners, and of course the role it plays in the infinite banking concept. Tune in now! Show notes: 00:00 - Introduction 00:55 - Canadians are grossly underinsured 5:20 - The roadblocks to getting life insurance 8:25 - The reasons you'd need or want life insurance 15:20 - Why business owners should want life insurance 21:05 - Ensuring intergenerational wealth with life insurance FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us In the first of our monthly mini episodes, Darren and Christina are breaking down how to use corporate dollars for the infinite banking concept. We did a full episode on this topic earlier this year but with the mini episodes, we aim to break these concepts down speaking directly to you, our audience. FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On this week's episode, it's the June update and Darren and Christina are covering news on the Bank of Canada, the Canadian dollar, updates on the real estate and stock market, as well as some interesting news in the Bitcoin world. Tune in now! Show notes: 00:00 - Introduction 00:40 - Bank of Canada rates 6:25 - Canadian dollar update 7:05 - Stock market update 7:30 - Bitcoin news 11:50 - Real estate news 16:10 - Life insurance industry news 18:50 - Economic news 21:55 - Control and Compound news 24:00 - Podcast news FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

We had an absolute blast at the 2024 Multi Family Conference in Toronto this past week and Darren and Christina sat down with some of the fantastic attendees as well as exhibitors and speakers to find out what they thought of the conference as well as their number 1 tip for real estate investors! Tune in now! Show notes: 00:00 - Introduction 00:48 - Chatting with Mark Yataco 4:05 - Chatting with Adrian Pannozzo 8:30 - Chatting with Kyle Ford 12:10 - Chatting with Jake Mitchell 14:25 - Chatting with Connor Eagleson 16:10 - Chatting with Kyle Agro 22:00 - Chatting with Kory MacKinnon 24:08 - Chatting with Danielle Chiasson 26:50 - Chatting with Victoria Cluney 30:50 - Chatting with Brad Sumrok 35:45 - Chatting with Caydie Lemire TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina chat about the ways in which you can be insurable, especially for those who think it may be out of the question due to several reasons including pre-existing conditions. They also chat about the importance of working with life insurance experts as well as some of Darren's personal client stories. Tune in now! Show notes: 00:00 - Introduction 2:15 - Are you eligible for life insurance? 3:45 - Does family history play a significant role in determining eligibility? 8:35 - Breaking down your rating 18:55 - The importance of working with life insurance experts 23:50 - Examples of the process to getting approved 34:30 - Darren's personal client stories 37:20 - What happens if you can't get approved? FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina break down the insured retirement program including how it works, the benefits (before and after retirement), as well as how this strategy stacks up against more traditional ones. Tune in now! Show notes: 00:00 - Introduction 1:20 - What is an insured retirement program (IRP) 1:55 - Who is the IRP for? 2:40 - How does the IRP work? 5:00 - The benefits of the IRP 7:30 - How do you set up an IRP? 14:10 - Can you use corporate dollars for this strategy? 14:40 - Will your retirement income be smaller with this strategy compared to a traditional method? 21:25 - The benefits of the IRP (continued) FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are honoured to have the one and only Garrett B. Gunderson on as a guest! The three chat about some of the books Garrett has authored including "What Would the Rockefellers Do" and "Killing Sacred Cows" as well as his new book "Money Unmasked". They also talk about some great examples of companies leveraging life insurance as well as the "win then play" philosophy. Tune in now, you don't want to miss this episode! Show notes: 00:00 - Introduction to Garrett B. Gunderson 8:30 - Garrett chats about the updated version of his book "What Would the Rockefellers Do?" 12:55 - How General Electric incorporated the Rockefeller method (corporate owned life insurance) and where it went all wrong for them 22:10 - The best place to save your money 32:15 - A deeper look at Garrett's new book, "Money Unmasked" 37:20 - "Win then play" philosophy FIND GARRETT ON: Website: https://garrettgunderson.com/ Money Persona Quiz: https://garrettgunderson.com/tools Garrett's Books: https://garrettgunderson.com/books Instagram: https://www.instagram.com/garrettbgunderson/?hl=en Linkedin: https://www.linkedin.com/in/garrett-gunderson-651359b3/ YouTube: https://www.youtube.com/@GarrettGundersonTV/videos FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, it's the May update and Darren and Christina are breaking down all the news including updates on inflation, productivity, where the Canadian dollar is headed, as well as huge news in the Bitcoin world, and some exciting events coming up for the Control and Compound team. Tune in now! Show notes: 00:00 - Introduction 00:35 - Bank of Canada update 3:15 - Canadian dollar update 4:50 - Economic news 6:40 - Stock market update 8:10 - Bitcoin update 11:55 - Real estate market update 18:20 - Life Insurance industry news 20:20 - Control and Compound news 22:25 - Control and Compound podcast update FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are breaking down participating whole life insurance as they take a closer look at what a typical fund looks like based on the companies they work with. This includes the types of bonds, mortgages, equities, and real estate that is usually invested in as well as a breakdown of the fees and how this fund has paid a dividend every year for over 150 years! If you've been wondering about infinite banking, this is the episode for you! Show notes: 00:00 - Introduction 00:55 - What is Participating Whole Life Insurance? 3:40 - What does a participating whole life fund look like? 8:55 - A closer look at the type of bonds that are invested in 10:15 - A closer look at the private placements that are invested in 11:15 - A closer look at mortgages that are invested in 11:55 - A closer look at the equities that are invested in 12:40 - A closer look at the real estate that is invested in 15:50 - Policy loan breakdown 17:30 - Who manages this fund? 19:20 - A breakdown of the fees 21:35 - A conversation surrounding the dividends FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us Just like the new federal budget, this episode was a doozy! Darren and Christina break down the ins and outs of the 2024 Canadian Federal Budget including the highly controversial capital gains tax increase. Is taxing the backbone of Canadian business really the best idea for Canada moving forward? Tune in to find out! 00:00 - Introduction 6:00 - Capital gains exemption increased 8:50 - The Canadian Entrepreneurs' Incentive 15:10 - The capital gains tax change 27:30 - Other aspects of the budget FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are breaking down their key lessons learned from reading the book Rich Dad, Poor Dad by Robert Kiyosaki including how to find the right models for wealth, not getting caught up in the rat race, having your money work for you, and of course one of the most important lessons: the power of uninterrupted compounding! Tune in now. Show notes: 00:00 - Introduction 00:55 - What makes Rich Dad, Poor Dad stand out? 5:20 - Finding models for wealth 6:50 - "You're broke, not poor" 7:55 - The rich have money work for them 9:05 - Don't get caught up in the rat race 11:10 - Work to learn, don't work for money 12:50 - EBSI mindset shift 16:20 - Assets vs. liabilities 17:15 - The power of uninterrupted compounding 18:30 - Understanding the history of taxes and corporations 21:20 - The rich invent money 23:00 - Overcoming obstacles and taking calculated risks 25:25 - Pay yourself first FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are answering your questions on all things infinite banking. We get a lot of questions from our audience across multiple platforms, and today we're answering the ones asked the most, 11 and a half of them to be exact! If you're interested in learning the ins and outs of infinite banking, tune in now! Show notes: 00:00 - Introduction 00:55 - Is the death benefit taxable in Canada? 1:30 - What is the difference between the MEC (modified endowment contract) line and MTAR (maximum tax actuarial reserve) line? 2:40 - What is CSV (cash surrender value)? 3:10 - How do you borrow against life insurance? 4:15 - How do you find a qualified infinite banking concept advisor? 6:15 - What is a contingent beneficiary? 7:00 - Is a corporate owned life insurance policy taxable in Canada? 8:00 - Should I buy my house with my life insurance policy? 9:20 - What happens if I cancel my policy? 9:50 - What happens to my policy if I get divorced? 10:30 - Do I need to update my will and can I change my beneficiary? FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us Darren and Christina are back for another monthly update, can you believe it's already April! The two chat about current interest rates and where they're headed, how the carbon tax will affect Canadians once it goes into effect, interesting real estate news with Trudeau proposing new legislation to help renters, as well as industry news and Control and Compound news. Tune in now! Show notes: 00:00 - Introduction 00:40 - Bank of Canada interest rates update 2:50 - The carbon tax is here 4:55 - Economic news 6:55 - Canadian dollar update 7:45 - Bitcoin update 9:40 - Canadian real estate update 15:20 - Life insurance news 16:45 - Control and Compound news FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren sits down with Daniel Foch, host of the number 1 real estate podcast in Canada, The Canadian Real Estate Investor Podcast. Darren and Daniel chat about how Daniel unintentionally found himself in the real estate industry, what led him to co-hosting one of the most popular podcasts in the country, and his thoughts on current policy around landlords and house flipping, among other things. Tune in now! Show notes: 00:00 - Introduction 1:15 - Daniel's real estate journey: What led him to becoming co-host of the number one real estate podcast in Canada 4:20 - How did Daniel become well-versed in real estate, the economy, etc. 7:00 - Daniel's take on industry trends and timing the market 11:30 - Daniel's take on current government policy surrounding landlord and tenants in Ontario 17:20 - Daniel's take on the proposed tax on house flipping in BC 19:45 - Where will interest rates be in 3-5 years? 24:20 - Daniel's take on where the real estate market nation-wide is headed 27:15 - Where does Daniel see growth happening for Canadian investors 31:20 - What is the 5 day challenge? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound FIND DANIEL ON: INSTAGRAM: https://www.instagram.com/danielfoch/?hl=en YOUTUBE: https://www.youtube.com/@daniel_foch TWITTER: https://twitter.com/daniel_foch?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

In this episode of our Bitcoin series, Darren and Christina break down the three big events that could change the course of Bitcoin including the new Bitcoin ETF, the updated financial accounting standards, as well as the halving of Bitcoin (which hasn't happened yet but is already contributing to a huge jump in value for Bitcoin!) Tune in now. Show notes: 00:00 - Introduction 4:00 - The three big events that could drastically affect Bitcoin 4:30 - Breaking down the Bitcoin ETF 8:05 - What is the new financial accounting standards board? 13:05 - The halving of Bitcoin TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On this week's episode, Darren and Christina are back with another installment of the Nelson Nash Series. In part 7, they go over page 65 in the book that talks about the capitalizing and implementation of your banking system. They also chat about how to store your money properly before investing. Tune in now! Show notes: 00:00 - Introduction 2:00 - Capitalizing our systems 6:00 - How does the infinite banking concept differ from traditional investing? 12:00 - How do I start using the infinite banking concept? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are chatting about the lifetime capital gains exemption that can be used by small business owners with a corporation among others to save on some of the tax when selling. They chat about how the exemption works, who's eligible, and different ways you can apply it. Tune in now! Show notes: 00:00 - Introduction 1:40 - What is the lifetime capital gains exemption? 5:30 - Assets that will qualify for the exemption 6:15 - Looking at example of selling a business with lifetime capital gains exemption 10:30 - Can you multiply the capital gains exemption? 12:05 - What is a qualified small business? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's March Update, Darren and Christina have a lot to cover! Including updates on interest rates, the stock market in Canada and the US, Bitcoin, as well as life insurance industry news and a new tax on flipping in BC that doesn't exactly seem all that thought out. Tune in now! Show notes: 00:00 - Introduction 1:20 - Bank of Canada / Interest rates update 3:40 - Is Canada in a recession? 6:25 - Stock market update 7:35 - Bitcoin update 10:55 - Real estate update 18:20 - Life insurance industry news 20:00 - Update on the economy 22:20 - Control and Compound company news 26:20 - Control and Compound podcast news TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down the high cash value participating whole life policy and how the wealthy use it as an asset class. They go through the pros and cons of using the infinite banking strategy and break down what it looks like using a fixed income investment vs. the participating whole life. Tune in now! Show notes: 00:00 - Introduction 2:15 - Designing your portfolio like the wealthy do 4:10 - The PROS of a high cash value participating whole life policy 13:45 - Example of a GIC (fixed income investment) program vs. participating whole life 21:50 - The CONS of a high cash value participating whole life policy TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down the high cash value participating whole life policy and how the wealthy use it as an asset class. They go through the pros and cons of using the infinite banking strategy and break down what it looks like using a fixed income investment vs. the participating whole life. Tune in now! Show notes: 00:00 - Introduction 2:15 - Designing your portfolio like the wealthy do 4:10 - The PROS of a high cash value participating whole life policy 13:45 - Example of a GIC (fixed income investment) program vs. participating whole life 21:50 - The CONS of a high cash value participating whole life policy TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Darren and Christina are back with part 5 of their Bitcoin series and in this episode they'll be going over how Bitcoin is taxed in Canada and depending on certain scenarios, how does CRA classify Bitcoin. Tune in now! Show notes: 00:00 - Introduction 2:25 - How does the CRA classify Bitcoin? 5:45 - How is Bitcoin taxed at different price points? 11:10 - Is there any way to reduce or eliminate the taxes on Bitcoin? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down the capital dividend account? Are you a business owner and you're trying to figure out how to get money out of your corp without paying way TOO much in tax? Well this episode is for you! They go through everything you need to know about the CDA as well as an example of how it works and why pairing it with life insurance can supercharge the account. Tune in now! Show notes: 00:00 - Introduction 3:45 - What is the capital dividend account (CDA)? 5:45 - What funds the capital dividend account? 9:35 - How does the CDA work with life insurance? 17:35 - Example of impact the CDA can have TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down the RRSP and go over some features that a lot of people may have overlooked! They answer questions like "is an RRSP tax deductible" and "do RRSPs grow tax free" among others and compare the RRSP to other savings vehicles that are necessarily attached to the government. Tune in now! Show notes: 00:00 - Introduction 4:15 - Is an RRSP tax deductible? 5:20 - Do RRSPs grow tax free? 6:15 - Would you rather have 1 million in an RRSP or $700,000 in a non-government investment vehicle? 7:25 - Planning to retire in a lower tax bracket?? 9:45 - Working out the math behind the RRSP 17:25 - Spending the money in your RRSP 25:30 - Characteristics of an ideal investment: does the RRSP check all the boxes? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, it's the February update and Darren and Christina are going over everything you need to know including where interest rates are heading this year, the big news for Bitcoin, and where Canada's real estate market is headed, among other things. Tune in now! Show notes: 00:00 - Introduction 1:15 - Bank of Canada and interest rates 4:25 - Bitcoin update 6:40 - Real estate market update 10:45 - Canadian economy update 15:10 - Industry news: Dividend announcement 18:50 - Control and Compound news 20:45 - Podcast news TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

BOOK YOUR TICKETS NOW: https://www.realestateinvestorssummit.live/joinuslive54004928?_hsenc=p2ANqtz--o0ElunSpYHW7HL4G7_PHzu9LJhKE9pt_tj7t03MTDkeapYv4RbsvUyN9VPZEDEC0vzJTk830oHJfr1o1FgrdQfeetE98yqEGw4pCksFflG2OdcM0&_hsmi=2&affiliate_id=4170004&utm_content=2&utm_medium=email&utm_source=hs_email On today's episode, Darren and Christina break down the characteristics of the ideal investment including things like growing tax free, available at all times, separate from the government, etc. You might be surprised that the ideal investment or at least something very close to it actually exists and Darren and Christina are going to tell you about it! Show notes: 00:00 - Introduction 1:30 - What is an investment? 5:25 - Characteristics of the perfect investment 15:30 - Is a high cash value life insurance policy the perfect investment? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

BOOK YOUR TICKETS NOW: https://www.realestateinvestorssummit.live/joinuslive54004928?_hsenc=p2ANqtz--o0ElunSpYHW7HL4G7_PHzu9LJhKE9pt_tj7t03MTDkeapYv4RbsvUyN9VPZEDEC0vzJTk830oHJfr1o1FgrdQfeetE98yqEGw4pCksFflG2OdcM0&_hsmi=2&affiliate_id=4170004&utm_content=2&utm_medium=email&utm_source=hs_email On today's episode, Darren and Christina are breaking down part 6 of Nelson Nash's book "Becoming Your Own Banker". They go over pages 48 and 49 which covers how to "expand your infinite banking system" to accommodate ALL of your income. You don't want to miss this one, tune in now! Show notes: 00:00 - Introduction 3:30 - Setting up your policies properly 7:50 - "Expanding the system" 10:20 - Long term look at having multiple policies 14:20 - Example of business owner with multiple policies TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are talking about all things passive income including the new taxes, the rules of passive income, having passive income within your corporation, and solutions to lowering or even getting rid of tax on that income. Tune in now! Show notes: 00:00 - Introduction 1:30 - Breaking down the new passive income rules 7:40 - The rules of passive income 11:00 - Solutions to mitigating the passive income tax TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren is joined by the Condo King, Simon Yan. The two chat about how Simon got involved in real estate, what led him to flipping condos, how he has found success in that area, and why he's now become a mentor to share his wisdom to aspiring real estate investors/condo flippers. Tune in now! Show notes: 00:00 - Introduction 00:25 - How did Simon first get involved with real estate? 3:20 - What does a typical condo flip look like? 4:20 - Finding the best condos to flip 6:20 - Process of buying a renovating a condo 12:45 - What type of technology/tools is Simon using to determine a condo's worth? 15:00 - Are there any unique challenges with condo flipping compared to traditional house flipping? 17:10 - Why did Simon start a mentoring program to share his wisdom? 21:05 - Are there special permits Simon needs to get for condo flipping? 22:40 - Is there a fear that the condo market will drop? 28:15 - Does Simon have a particular type of condo he likes working on? 29:50 - Example of one of Simon's condo flips 32:05 - Simon's advice for new condo flippers Learn from Simon NOW: https://www.condoflipping.info/joinme2?fbclid=IwAR1AkTptCPFQ5B2J_TMlSpwypljIbEwGNZYXPyzN2J-d089JNjElp9k1HZ8 TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Happy New Year everyone! On the first episode of 2024, Darren and Christina are going through their predictions for the year including whether or not we're heading for a recession, interest rates, inflation, as well as Darren's take on bitcoin, is it officially back?? Tune in to find out! Show notes: 00:00 - Introduction 1:40 - Prediction for 2024 interest rates 4:25 - Will Canada go into a recession in 2024? 6:00 - Prediction for inflation in 2024 7:20 - Prediction for the stock market in 2024 8:55 - Prediction for Canadian housing market in 2024 12:10 - Prediction for Bitcoin in 2024 14:40 - Christina's prediction for AI in 2024 TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, it's Christmas day and it also happens to be episode 100!! Darren and Christina go over the past year and talk about setting goals for 2024 and the best methods you can use to reach your goals. Tune in now, we'll see you in 2024! Show notes: 00:00 - Introduction 1:30 - Reflecting on 2023 4:15 - Setting goals for 2024 6:45 - SMART goals 9:20 - How thoughts can directly impact your behavior - MINDSET 14:15 - Cultivating a growth mindset 15:40 - Accountability and support 19:05 - Control and Compound's goals TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, we're one week away from Christmas and Darren and Christina are chatting about whether or not you're too old for infinite banking. The short answer is you're not, but the two break it down a bit further and talk about what ages make the most sense and how you can get the post out of your life insurance policies at whatever age you may find yourself. Tune in now! Show notes: 00:00 - Introduction 1:20 - What is infinite banking? 5:00 - Am I too old for infinite banking? 12:05 - What happens if I start a policy later in life? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are back for part 4 of their Bitcoin series. They compare how bitcoin works in comparison to online banking as well as the difference between a cold wallet and a hot wallet, and of course the steps you need to take to make sure your bitcoin is protected and secure. Tune in now! Show notes: 00:00 - Introduction 3:00 - Bitcoin vs. online banking 6:45 - Hot wallet vs. cold wallet 15:20 - How secure are cold wallets compared to hot wallets? 16:05 - What happens if hardware becomes obsolete? 17:10 - Can a cold wallet be used for daily transactions? 17:35 - How do you recover funds if you use a cold wallet? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=e FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren chats with Danielle Chiasson. Danielle is a real estate investor, entrepreneur, and coach who runs the company Strategic Success Consulting. The two chat about Danielle's background and how she's helping business owners in many different ways find success. Tune in now! Show notes: 00:00 - Introduction 00:45 - How Danielle works with and helps other business owners 4:20 - Challenges that businesses face in 2023 9:00 - Setting realistic goals as a business owner 12:00 - How Danielle balances helping others while continuing to improve herself 15:25 - Work/life balance as an entrepreneur 18:55 - Life insurance policies and why you need to talk to Darren about it 19:50 - How Danielle is using new technologies to help businesses succeed 22:50 - What types of businesses does Danielle work with? 25:45 - Online courses and other resources from Danielle Danielle Chiasson is a serial entrepreneur in residential redevelopment and rental housing in Ontario. With a wide range of projects, from light clean-ups to full renovations and legal conversions, Danielle has demonstrated her expertise. As a general contractor, she manages trades and staff, handles finances, and continually educates herself and others. Additionally, Danielle is a passionate coach, sharing her knowledge through speaking engagements and online platforms to help investors reach their financial goals. Despite her busy schedule as a proud mother of three, she remains dedicated to supporting entrepreneurship and empowering others in business and real estate through the monthly networking events she hosts. FIND DANIELLE ON: INSTAGRAM: www.instagram.com/danielle.chiasson FACEBOOK: https://www.facebook.com/danichiasson WEBSITE: www.strategicsuccessconsulting.com LINKEDIN: www.linkedin.com/in/daniellechiasson TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are back for another monthly episode. Can you believe we're in the final month of 2023?! The two chat about the upcoming interest rate update, interesting industry news in the insurance world, as well as our new segment: What's in the news? Tune in now! Show notes: 00:00 - Introduction 00:30 - Bank of Canada rate update 4:45 - Stock market update 5:15 - Bitcoin update 8:20 - Insurance industry news 12:55 - What's In The news - Fall economic update 19:55 - Control and Compound news TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are back with another series on Nelson Nash's book "Becoming Your Own Banker". They're covering pages 41-47 where Nash breaks down different ways to purchase a car including leasing, financing, paying with cash, and of course our favourite, using the infinite banking concept. Tune in now! Show notes: 00:00 - Introduction 1:45 - 5 methods to buy a car 2:45 - Financing vs. leasing 4:45 - Buying with cash 6:45 - Using a GIC 9:20 - Using the infinite banking concept TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, it's part 3 of the Bitcoin series! Darren and Christina talk about the 3 ways to buy Bitcoin including the easiest least complicated way to do it! They go over the pros and cons of each way including the Bitcoin ETF, custodial exchange, and non-custodial exchange. They also chat about some of the bitcoin horror stories that have occurred recently including the FTX debacle. Tune in now! Show notes: 00:00 - Introduction 2:05 - Pros and Cons of a Bitcoin ETF 9:00 - Custodial vs. non-custodial exchange 19:55 - Bitcoin horror stories TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode it's all about the tax! Darren and Christina break down federal and provincial income taxes and go through what Canadians pay at different income levels. They also chat about the importance of paying attention to your marginal tax rate. Do the rich pay enough in tax? You might be surprised by the answer. Tune in now! Show notes: 00:00 - Introduction 1:55 - Breaking down the federal income tax 3:35 - Breaking down provincial income tax 5:00 - What do federal taxes on yearly income of $106,000 look like? 7:30 - Example of using tax calculator for provincial tax on yearly income of $50,000 10:15 - How is overtime taxed? 11:45 - Example of using tax calculator for provincial tax on yearly income of $100,000 13:00 - Example of using tax calculator for tax on yearly income of $1,000,000 15:50 - Measuring the progressiveness of taxes in Canada TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound TAX TIPS: https://www.taxtips.ca/index.htm

On today's episode, Darren and Christina are joined by Gillian Irving, a real estate investor who specializes in student rentals. The three chat about how Gillian got into real estate investing and what made her decide to pursue investing in student rentals. She talks about what can make them profitable, where the best places are, and why students aren't as bad as you think for tenants! Tune in now. Show notes: 00:00 - Introduction 1:35 - How did Gillian Irving end up in real estate? 4:15 - How did Gillian get into student rentals? 6:20 - Gillian's strategy to make student rentals profitable 9:50 - How do banks look at student rentals vs. traditional investment property? 11:20 - Best regions for student rentals 13:40 - Can students be good tenants? 24:40 - How to learn more about student rentals as an investment 28:30 - Example of one of Gillian's student rental properties from a cash flow perspective CONTACT GILLIAN: https://investinstudentrentals.com/contact-us/ TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina bring you the November update! They discuss the current interest rates, where the Canadian dollar is headed, how the stock market is looking (are we facing a housing crisis) and chat about some exciting news for Control and Compound. Tune in now! Show notes: 00:00 - Introduction 00:30 - Bank of Canada interest rate update 1:00 - Inflation update 3:40 - Canadian dollar update 7:30 - Stock market update 9:35 - Real estate market update 13:50 - Breaking down the homebuyers' account 18:25 - Control and Compound update TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down group insurance and whether or not it can be the right insurance for you and your employees. If you're a business owner, you don't want to miss this episode! Tune in now. Show notes: 00:00 - Introduction 2:10 - What is group insurance? 4:10 - Benefits of group insurance 6:10 - Who is eligible for group insurance? 8:55 - What does a standard group insurance plan cover? 14:10 - What are the costs associated with group insurance? 18:10 - What does a renewal look like? 27:50 - Darren's advice for employers looking to put a plan in place TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down the new product from Manulife called Vitality. If you've recently heard of this product and you're wondering what it's all about, you've come to the right place because this podcast is going to answer all your questions on Vitality including how it works, the costs involved, benefits/rewards, and whether or not this product is right for you. Tune in now! Show notes: 00:00 - Introduction 1:05 - What is Manulife Vitality and how does it work? 4:10 - How much does Vitality cost? 5:05 - Who is the perfect candidate for Vitality? 6:45 - What type of benefits/rewards can you get from Vitality? 16:00 - How does Vitality impact my life insurance policy? 16:40 - How does the points system work for rewards/benefits? 19:45 - Example of how Vitality works with life insurance TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are breaking down another chapter of Nelson Nash's book "Becoming Your Own Banker". They go over how to structure a policy properly using the infinite banking concept, as well as how you need to maximize the cash values in that policy, and why using the stock market might not be the best way to go. Tune in now! Show notes: 00:00 - Introduction 00:45 - How to structure a policy using the infinite banking concept 7:45 - What is the MTAR line? 9:05 - Choosing your dividend option properly 10:25 - Maximizing the cash values 11:35 - Using the stock market and where things can go wrong TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

You asked and we delivered! On today's episode, Darren and Christina are revisiting our most popular episode on YouTube and answering some of your questions on the Canadian Pension Plan and Old Age Security. If you enjoyed the last episode, you need to check this one out! We clarify some of the things we went over and dive deeper into the subjects. Tune in now! Show notes: 00:00 - Introduction 3:25 - Is there a clawback with the Canada Pension Plan? 4:50 - What is the Old Age Security clawback? 8:00 - How does the CPP death benefit work? 11:20 - What is CPP disability and how does it work? 15:50 - Why does OAS clawback happen on July 1st? 18:15 - Strategies used to avoid OAS clawback 20:50 - Advantages of income splitting 23:45 - Drawing down RSPs before starting OAS 27:45 - Capital gains breakdown 30:35 - The BEST advice to avoid OAS clawbacks TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina sit down and chat with Mark Yataco. Mark is a real estate investment entrepreneur with over 12 years of experience in the industry. Owner of JMH Canada, Mark provides real estate development services, including residential and commercial, with a specialization in multi-family space renovations. The three chat about how Mark got into the contracting business, the strategies he uses to get the best out of his people, as well as what he and his team does to get the best out of renovations for his clients. Tune in now! Show notes: 00:00 - Introduction to Mark Yataco 2:15 - How and when did Mark get into the contracting business 4:15 - What makes a renovation on an investment property different from a regular home 8:50 - Why are quotes for renovation quotes all over the place? 13:30 - Best practices for investors to get the most out of renovations 19:40 - What does a typical renovation of an investment property look like? 26:45 - How Mark uses Discord in his business 31:25 - What's a typical price range for a renovation of a 10 unit building for Mark's team? FIND MARK ON: WEBSITE: https://www.markyataco.com/ INSTAGRAM: https://www.instagram.com/tacoboutinvesting/ YOUTUBE: https://www.youtube.com/@tacoboutinvesting TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, it's the October update! Darren and Christina go over to the Bank of Canada interest rates as well as what's going on in the world of bitcoin, real estate, and the stock market. Tune in now! Show notes: 00:00 - Introduction 00:40 - Bank of Canada interest rates update 7:15 - Bitcoin update 9:45 - Stock market update 10:50 - Real estate update 12:35 - Life insurance industry news 18:30 - Control and Compound news TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Last week, Darren and Christina attended and presented at the Real Estate Investor's Summit in Toronto. It was an incredible weekend with some amazing speakers including Ken Dunn, Michele Romanow, Mike Holmes, Barbara Corcoran, and Investor Mel and Dave. On today's episode, Darren and Christina break down what they learned from the different presentations and their highlights from the weekend. Tune in now! Show notes: 00:00 - Introduction 2:10 - Ken Dunn's Presentation and Programs 12:15 - Simon Yan's Presentation 14:35 - Investor Mel and Dave's Presentation 16:45 - Equiton's Presentation 17:25 - Elevate Living REIT 19:15 - Darren's Presentations 20:40 - Michele Romanow's Presentation 23:45 - Mike Holmes' Presentation 25:30 - Barbara Corcoran's Presentation EVERYDAY INVESTOR SUMMIT TICKETS: https://www.everydayinvestorsummit.com/ TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina break down the differences between a tax free savings account (TFSA) and a whole life policy. There's no doubt they have a favourite choice but both can definitely play a role in your financial plan! Tune in now to find out everything you need. Show notes: 00:00 - Introduction 00:45 - Breaking down the Tax Free Savings Account (TFSA) 5:20 - What you CAN'T do with your TFSA 7:45 - The major differences between a TFSA and whole life policy 17:30 - Dealing with the government in the future 21:10 - What happens in retirement? EVERYDAY INVESTOR SUMMIT TICKETS: https://www.everydayinvestorsummit.com/ TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are back for part 3 of breaking down Nelson Nash's famous book, "Becoming Your Own Banker". In part 3, they cover pages 21-26 and take a closer look at opportunity cost in everyday life, the moving parts in an infinite banking policy and how each role is played. They also chat about how policies get better year over year, how the dividend value gets decided and why owning multiple policies can unlock even more opportunities to invest. Tune in now! Show notes: 00:00 - Introduction 00:55 - Taking a closer look at opportunity cost 3:15 - The moving parts in an infinite banking policy - who's responsible for what 9:00 - How the policies get better year over year 10:25 - How does the dividend value get decided? 16:00 - Owning multiple policies REAL ESTATE SUMMIT TICKETS: https://www.realestateinvestorssummit.live/real-estate-investors-summit2o3psvby?affiliate_id=4170004 TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

On today's episode, Darren and Christina are joined by Foundation Capital's Mit Perinpanayagam. The three chat about what a real estate investment trust is and how Mit's company, Foundation Capital is offering private individuals the opportunity to take advantage of large investment funds. They also discuss how the taxes work on the fund and what types of ways you can invest in the fund. Tune in now! Show notes: 00:00 - Introduction 2:00 - How did Mit get into real estate investing? 6:55 - Why did Mit choose southern Ontario to invest in? 10:25 - How does a real estate investment trust (reit) work? 16:00 - How is the fund taxed? 21:10 - When can you use to invest in the fund and what's the minimum amount you can invest? 24:35 - What sets Foundation Capital apart from other REITs? 29:45 - Long term plan for Foundation Capital's fund REAL ESTATE SUMMIT TICKETS: https://www.realestateinvestorssummit.live/real-estate-investors-summit2o3psvby?affiliate_id=4170004 TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound FIND MIT ON: INSTAGRAM: https://www.instagram.com/mitperin/ WEBSITE: https://foundationcapital.ca