
Control and Compound with Darren Mitchell
281 episodes — Page 5 of 6

S1 Ep 81Recession Looming In Canada | Infinity Mortgages?!
On today's episode, Darren and Christina go over the September update including what's going on with interest rates, the stock market, bitcoin, and insurance news. Is a recession around the corner? Tune in to find out! Show notes: 00:00 - Introduction 00:45 - Bank of Canada Update - Interest Rates 1:30 - Mortgage Rate Update 5:45 - When is the recession coming? 7:40 - Stock market update 8:35 - Bitcoin update 10:20 - Inflation update 12:45 - Insurance news 16:35 - Control and Compound news 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

S1 Ep 80Bitcoin 101: Breaking Down the Blockchain | What is a Bitcoin Miner?
REAL ESTATE SUMMIT TICKETS: https://www.realestateinvestorssummit.live/real-estate-investors-summit2o3psvby?affiliate_id=4170004 On today's episode, Darren and Christina are back with part 2 of their Bitcoin series. In this episode, they break down how blockchain technology works, the key role that miners play in the bitcoin process and what are nodes? Good question, tune in to find out! Show notes: 00:00 - Introduction 2:10 - How do we create a monetary system that has a decentralized ledger? 3:25 - What is a blockchain? 7:40 - What does bitcoin exchange look like? 11:20 - Other applications that use blockchain technology 12:55 - What is a bitcoin miner? 17:05 - How do you become a bitcoin miner? 20:40 - How do the miners get paid? 23:30 - What are nodes? 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

S1 Ep 79Does Infinite Banking Work in Canada? What YOU Need to Know | HUGE Tax Benefits
One of the questions Darren and Christina get the most, does infinite banking work in Canada? Great news, not only does it work in Canada, but it may actually be even BETTER in Canada vs. the United States. In this episode, Darren and Christina break down how infinite banking works in Canada compared to the US and why in a lot of cases it's even better! You don't want to miss out on this episode, tune in now. Show notes: 00:00 - Introduction 2:30 - Difference between Canada and USA for IBC 6:00 - Mutual companies vs. stock companies 11:00 - Tax Benefits: USA vs. Canada 13:50 - Can new Canadians use infinite banking? 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

S1 Ep 78How to Start a Real Estate Portfolio | The Power of Networking
On today's episode, Darren and Christina sit down with real estate developer Ilona Koziol and chat all about her story and how she got into real estate investing. From a background in sales, to finding serious success in the real estate game, Ilona breaks down how she found success, and what you can do yourself when starting or growing your real estate portfolio. Tune in now! Show notes: 00:00 - Introduction 1:05 - How did Ilona Koziol get into the real estate market? 3:30 - The power of networking 7:10 - Growing your real estate portfolio with larger projects 11:00 - Moving away from partners to focusing on own portfolio 17:10 - Ilona's advice for first time real estate investors 25:30 - Active vs. passive investors 31:40 - Talking to your investors the right way 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 ILONA KOZIOL ON: INSTAGRAM: https://www.instagram.com/ilonakoziol.rei/ LINKEDIN: https://www.linkedin.com/in/ilona-szurski/?originalSubdomain=ca

S1 Ep 77So You Wanna Become Your Own Banker? | Solving The Human Problems | PART 2
On today's episode, Darren and Christina dive into part 2 of breaking down R. Nelson Nash's book "Becoming Your Own Banker". Specifically, they highlight the different human problems there are when it comes to investing in yourself properly. A quick tip from the wise: never stop learning! Tune in now. Show notes: 00:00 - Introduction 1:45 - Breaking down Parkinson's Law 7:05 - Breaking down Willie Sutton's Law 12:35 - The Golden Rule 15:30 - The Arrival Syndrome 19:05 - Use it or lose it 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

S1 Ep 76Are Canadians Getting Priced Out Of Their Own Country? | August Update
On today's episode, it's the August update for Control and Compound. Darren and Christina chat about the most recent interest rate hike, inflation, the stock market, the current numbers on the Halifax housing market, as well as industry news. Tune in now! Show notes: 00:00 - Introduction 2:35 - Interest rate update 4:00 - Inflation update 10:10 - Stock market update 11:45 - Halifax housing market 15:45 - Industry news 16:55 - 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

S1 Ep 75Becoming Your Own Banker | REVIEWING R. Nelson Nash's Book That Started It All | PART 1
On today's episode, we have another new mini series where Darren and Christina will be breaking down R. Nelson Nash's (who many consider to be the Godfather of Infinite Banking) book, "Becoming Your Own Banker". Today is part 1 where they chat about the grocery store analogy, the problem people face when trying to become their own banker, and the airplane analogy. Tune in now, you don't want to miss this! Show notes: 00:00 - Introduction to R. Nelson Nash 8:15 - The grocery store analogy 10:50 - The problem 16:35 - The airplane analogy 19:10 - What you would need to create a bank 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

S1 Ep 74The History of Money | What is Bitcoin and Should YOU Be Using It? | PART 1
On today's episode, it's part 1 of our Bitcoin series that we'll be doing over the next few months. Darren and Christina go way back to the beginning for this one and chat about the history of money, how we got to our current system and why digital currencies like Bitcoin have come into existence. Tune in now! Show notes: 00:00 - Introduction 3:30 - What is money? 8:40 - The current money system 12:25 - The digital world of money and problems with centralization 17:50 - What is 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

S1 Ep 73Home Equity Line of Credit (HELOC) Vs. Infinite Banking Policy Loan | Know the FACTS
On this week's episode, Darren and Christina are breaking down the differences between choosing a home equity line of credit and an infinite banking policy loan including which can be called, making payments, creditor protection, what's taxable, and which one you should choose overall. Tune in now! Show notes: 00:00 - Introduction 00:55 - Introducing a new acronym: CLUE (control, liquidity, use, and equity) 4:45 - Example of the wealthy using leverage to their advantage 8:00 - Can the HELOC be called? What about infinite banking policy loans? 10:55 - Making payments: HELOC vs. policy loan 12:15 - Creditor protection: HELOC vs. policy loan 14:00 - Death benefit: HELOC vs. policy loan 17:30 - What's taxable?: HELOC vs. policy loan 21:05 - Retirement and death: HELOC vs. policy loan 24:25 - Which one should you pick? 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

S1 Ep 72The Blueprint to Real Estate Investing With Other People's Money | Investors Mel & Dave
On today's episode, Darren and Christina are thrilled to welcome Investors Mel & Dave to the show. Mel and Dave are real estate investors that have grown a massive portfolio in 5 different countries and they've done all this without using their own money! Mel and Dave break down exactly how they did it, how they've grown a huge following on social media, and give a look into their Action! Family mentoring program. Tune in now! Show notes: 00:00 - Introduction 1:35 - How Mel and Dave got into real estate investing 3:40 - Using OPM (Other people's money) to finance projects 5:20 - Tax advantages for owner's money 7:10 - Where are Mel and Dave investing? 8:20 - Mel and Dave's exit strategy 9:15 - Flexibility with promissory notes 13:10 - Mel and Dave's life changing moment 15:05 - Action! Family mentoring program 18:00 - Breaking down Mel and Dave's strategy FIND MEL & DAVE ON: WEBSITE: www.investormeldave.com INSTAGRAM: www.instagram.com/investormeldave FACEBOOK: www.facebook.com/InvestorMelDave TIKTOK: www.tiktok.com/@investormeldave LINKEDIN: www.linkedin.com/in/investormeldave YOUTUBE: https://bit.ly/SubscribeToMelDave 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

S1 Ep 71The New Carbon Taxes are HERE | Interest Rates Up Again | July Update
On today's episode, it's the July update and Darren and Christina are going over interest rates, the new carbon tax, stock market changes and the housing market outlook among other things. Big news in the Control and Compound world as well, have you joined our Facebook group for real estate investors and business owners that are interested in infinite banking yet? The link is below👇 JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound Show notes: 00:00 - Introduction 1:30 - Interest rate update 4:10 - The carbon tax is coming 5:50 - Stock market update 6:50 - Bitcoin update 8:40 - Housing market update 10:55 - Dividend announcements for life insurance companies 14:05 - Control and Compound Update 20:40 - C&C podcast 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

S1 Ep 70Here's What ALL Real Estate Investors Need to Know | Breaking Down the MLI Select Program
On today's episode, Darren and Christina welcome real estate investor and mortgage expert Jacob Perez to the podcast. Jacob is able to give a unique perspective in real estate investing given his background in mortgages and he breaks down what it takes to be a successful investor. He also talks about the new MLI Select program and how you can use it to your advantage. If you're a new real estate investor or you've been doing it for a while, you don't want to miss this episode! Show notes: 00:00 - Introduction to Jacob Perez 6:15 - Jacob's advice to new real estate investors 9:05 - Qualifying for mortgages 12:05 - Making sound financial decisions 14:45 - Scaling your real estate portfolio 18:20 - Typical rate and amortization of mortgages today 22:40 - The MLI Select program FIND JACOB ON: LINKEDIN: https://ca.linkedin.com/in/jacobperez10 INSTAGRAM: https://www.instagram.com/jacobperez10/ 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

S1 Ep 69Finding the RIGHT People for the RIGHT Job | Book Review: Who Not How
On today's episode, Christina and Darren break down the book "Who Not How" which focuses on finding the who's in your professional and personal life that will make things more effective and efficient instead of trying to do everything on your own. Tune in now! Show notes: 00:00 - Introduction 1:05 - Breaking down "Who Not How" 6:55 - Finding your unique ability 15:15 - Collaboration is key 18:45 - Finding the who's in your personal 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

S1 Ep 68The Importance of Beneficiaries | Have You Planned Ahead?
On today's episode, Darren and Christina break down everything that has to do with beneficiaries and how/why you need to name one in your policy! They also chat about different types of beneficiaries and how they work depending on the type of policy you have. Tune in now! Show notes: 00:00 - Introduction 00:45 - What is a beneficiary and why should I name one? 2:40 - What happens when the beneficiary is the estate? 5:30 - What is a contingent beneficiary? 6:35 - Revocable vs. irrevocable beneficiary 8:05 - Can you name a minor as a beneficiary? 9:10 - Corporate policies and beneficiaries 10:40 - Beneficiary on critical illness policy (why you should use them) 11:45 - How does a beneficiary come into play when it comes to creditor protection? 13:20 - Beneficiaries on other types of products 14:40 - How to check in and potentially update my beneficiary 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

S1 Ep 67Financial Literacy for Business Owners | Spend and Save Your Money the RIGHT Way
On today's episode, Darren and Christina are joined by the money man Jeff Reeves. Jeff works with Control and Compound's clients and teaches them how to manage their money properly, a little financial literacy for business owners if you will! This is a fantastic episode for business owners and investors that want to fully understand what their money can do for them and especially planning for what could happen in the future. Tune in now! Show notes: 00:00 - Introduction to Jeff Reeves 3:25 - How Jeff fits in at Control and Compound 5:55 - Teaching financial literacy with Jeff 14:50 - Estate planning with Jeff 15:55 - Example of how Jeff works with clients 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

S1 Ep 66Infinite Banking Just Got EVEN BETTER | Opportunities in Multi-Unit Industry | June Update
On today's monthly update episode, Darren and Christina break down current interest rates, inflation, the stock market and housing market. They also have some big announcements for Control and Compound in the form of a new television spot on Everyday Investor (based in Ontario and hosted by Rav Toor) and a new Facebook Community group for real estate investors and business owners interested in implementing the infinite banking concept (the link is below). Tune in now! Show notes: 00:00 - Introduction 1:15 - Interest rate update 3:40 - Inflation and shrinkflation update 6:10 - Bitcoin update 7:00 - Stock market update 8:25: Housing market update 10:00 - Multi-family unit opportunities 12:50 - Life insurance industry update 17:40 - Dividend announcement 19:40 - Control and Compound Update - Everyday Investor & Facebook Community! 24:40 - Control and Compound podcast episode updates JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/272822198449124 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

S1 Ep 65The DOWNSIDES of Infinite Banking
On today's episode, Darren and Christina address why some people think infinite banking is a bad idea. There's a lot of untruths out there and we don't want anyone to get steered in the wrong direction when it comes to how infinite banking should work (if set up properly). Tune in now! Show notes: 00:00 - Introduction 3:20 - Vanishing premiums and what people thought in the 80s 10:15 - "There's no transparency when it comes to infinite banking" 16:40 - Smoke and mirrors with infinite banking policies 23:50 - Policies that don't pay a dividend 28:00 - Infinite income from 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

S1 Ep 64Canada Life Announces ONE OF A KIND New Charitable Giving Product
On today's episode, Darren and Christina chat about Canada Life's new charitable giving product! This is a very exciting announcement and the two break down exactly what it means, how it works, and how you can take advantage of it in your plan. Tune in now! Show notes: 00:00 - Introduction 1:25 - Two different ways that charitable giving works 4:45 - New product from Canada Life 10:40 - Any downsides to the new product? 12:15 - Minimum amount needed for new product 14:50 - Using the charitable giving in family foundation 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

S1 Ep 631 Year of the Control and Compound Podcast | Infinite Banking
We can't believe it's already been a year of the Control and Compound podcast and what a year it's been! On today's special episode Darren and Christina go over their favourite episodes, talk about some of the guests they had on, what happened this past year at the Control and Compound Financial, and finish off with some very exciting things to look forward to this upcoming year. Tune in now! Show notes: 00:00 - 1 year Anniversary of the Control and Compound podcast! 1:55 - Year in review: guest episodes 7:40 - Favourite episodes 14:00 - What happened this year at Control and Compound Financial and what to look forward to this upcoming year 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

S1 Ep 62FAQ On Dividends | Participating Whole Life Policies | Infinite Banking Breakdown
On today's episode, Darren and Christina go through many of your questions regarding dividends when it comes to participating whole life policies. Questions include, why does the dividend matter, when are they announced, and is being a whole life policy holder different from a shareholder in terms of the dividend. This is a very informative episode, tune in now! Show notes: 00:00 - Introduction 1:15 - Why does the dividend matter to policy holders? 3:15 - Do the insurance companies always pay the dividend? 4:50 - When are dividends announced? 6:15 - Is a participating whole life policy holder different from a shareholder? 9:10 - What's going on with the insurance companies, how do they decide dividend value? 11:40 - How do cancellations work? 14:05 - Policy expenses 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

S1 Ep 61Debunking MYTHS Surrounding Infinite Banking Concept
On today's episode, Darren and Christina go through some of the comments they've seen online about what some people think infinite banking is and how it works. We've got some debunking to do, you don't want to miss this episode! Show notes: 00:00 - Introduction 1:35 - "Infinite banking is a scam" (no it's not) 4:05 - "You lose the cash value when you die" (you don't) 7:25 - "Why would I pay interest to borrow my own money" (it's not your money) 10:00 - "The whole life policy is just a high commission product for the agent" (it's not) 13:30 - "I can get a much higher rate of return investing somewhere else" 16:10 - "Dividends are just a return of an overpayment" 18:40 - "Infinite banking can't be done in Canada" (it can) 20:25 - "Whole life is too expensive" 26:10 - "When I put my money inside the insurance, I can't pick my own investments" 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

S1 Ep 60Real Estate Investing Opportunities in Alberta | Integrate AI Into Your Business Model Before It's Too Late!
On today's May update episode, Darren and Christina go over current interest rates, the stock market, housing prices, and also chat about the importance of AI and how it's going to affect the business and investing world in the near future. They also have some great news from the life insurance world with some of the providers announcing new things. Tune in now! Show notes: 00:00 - Introduction 00:55 - Interest Rates update 3:00 - Bitcoin ytd update 3:55 - Stock market update 5:15 - House prices update 7:10 - The effects of AI on the real estate investing and business world 9:20 - Dividend scale announcement for Canada Life 11:25 - Canada Life introduces new product 13:55 - Question from one of our listeners: Difference between revocable and irrevocable beneficiaries 16:10 - C&C Update - What's going on with us 17:50 - Update on our podcast episodes 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

S1 Ep 59Uncovering the benefits of Critical Illness Insurance & Why You Need This Type of Coverage
On today's episode, Darren and Christina discuss critical illness insurance and the benefits that come along with it. They dive deep into what illnesses are covered, additional benefits, as well as how these policies are set up. Tune in now! Show notes: 00:00 - Introduction 1:05 - What is critical illness insurance? 5:15 - What illnesses are covered? 12:28 - What other benefits are provided? 13:20 - The living care benefit 16:10 - What is a rider and how are they involved? 21:30 - How are these policies set up? 25:05 - Types of ownership for the policy 30:40 - Is critical illness insurance for me? 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

S1 Ep 58Expert Kyle Ford Reveals the Ins and Outs of Private Lending: Tips and Strategies for Successful Investing
On today's episode, Darren welcomes private lending expert, Kyle Ford from Kyle Ford Mortgages, to the show. You don't want to miss this one, Darren and Kyle go through everything you need to know about private lending including what a typical transaction looks like, why people choose the route of private lending instead of typical financing, costs and fees involved, as well as many other key points. Tune in now! Show notes: 00:00 - Introduction 1:30 - Introduction to Kyle Ford 5:50 - Why do successful investors choose private lending over normal financing/loan? 9:15 - Who are the lenders typically? 12:25 - What does a private lending transaction look like? 20:30 - Typical appraisal costs and lawyer fees for borrower and lender? 22:40 - What does a typical deal look like at $100,000-$300,000 loan? 33:05 - Has Kyle had a situation where the borrower didn't pay or cannot pay their loan? 37:30 - If I want to loan money from my RRSP or TFSA, what does that process look like? 42:55 - What are the things Kyle is most excited about right now? Intro to CapGap Mortgage Trust 45:55 - What type of lending will CapGap be doing? 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 FIND KYLE ON: WEBSITE: https://www.kylefordmortgages.com/

S1 Ep 57Can You Use Corporate Dollars For An Infinite Banking Policy? | Calling All Business Owners!
On today's episode, Darren and Christina break down what it looks like if you use cash inside your corporation to fund an infinite banking policy. You're not going to want to miss this episode as they go over the tax implications, OpCo vs. HoldCo, and what you can use the cash for in a policy. Tune in now! Show notes: 00:00 - Introduction 1:20 - CCPC (Canadian controlled private corporations) tax implications 7:55 - Using corporate dollars for infinite banking 13:35 - OpCo vs. HoldCo 17:20 - Can I put a policy on my kids/spouse within my corporation? 20:00 - Surviving shareholders 23:50 - What else can you use the money in your corporate policy for? 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

S1 Ep 56Are the Banks Collapsing? What Does This Mean For Infinite Banking Policies?
On today's episode, Darren and Christina discuss the recent banking collapse scare with Silicon Valley Bank leading the way. They also get into what this could mean for the insurance companies that they use for infinite banking participating whole life policies. Don't worry, it's good news for infinite banking even though it might be bad news for the banks! Show notes: 00:00 - Introduction 1:25 - Life insurance contracts for infinite banking policy: are they at risk? 8:20 - Levels of protection with the insurance companies we work with 14:45 - Oversight, reserves, and regulations of the insurance industry 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

S1 Ep 552023 Canadian Federal Budget Breakdown: What YOU Need to Know
On today's April update episode, Darren and Christina do an analysis of the 2023 Canadian federal budget including increases on tax rate, 1.18 trillion dollars in federal debt, but no changes to life insurance! They also chat about the updates to RESP as well as how the insurance companies that are compatible with infinite banking fared this past year in terms of revenue. Tune in now! Show notes: 00:00 - Introduction 1:00 - Thank you to our listeners/viewers! 2:05 - Budget Analysis 5:00 - Government's solution for housing crisis 8:35 - RESP Updates 11:55 - Alcohol tax increase gets lowered…Canadians let out sigh of relief 13:05 - Insurance companies update 14:05 - Inflation and interest rates update 16:30 - C&C episode 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

S1 Ep 54The Dirty Little Secrets of the Canada Pension Plan | CPP vs. Old Age Security
On today's episode, Darren and Christina are breaking down the Canada Pension Plan and Old Age Security. They go over the ins and outs of each fund and most importantly, let you in on a few dirty little secrets of the CPP. Tune in now! Show notes: 00:00 - Introduction 1:55 - What can you get from CPP and OAS? 4:00 - Breaking down OAS (old age security) 11:15 - Breaking down Canada pension (cpp) 16:35 - Why is age 65 the most common age to take CPP? 22:05 - The dirty little secrets of CPP 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

S1 Ep 53Universal Life Vs. Participating Whole Life: What YOU Should Be Using for Infinite Banking
On today's episode, Darren and Christina break down the differences between universal life policies and participating whole life policies including the fees associated, tax differences, the volatility difference, and which one you should be using for an infinite banking policy. Tune in now! Show notes: 00:00 - Introduction 3:05 - What is a Universal Life Policy 6:25 - Fees associated with Universal Life 10:30 - Volatility of a Universal Life Policy 13:40 - How many can you access from each policy? 17:15 - What are the tax advantages of each policy? 22:15 - Why is there confusion between the two policies? 24:15 - YRT vs. Level 29:50 - Summary of the 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

S1 Ep 52Real Estate Investing in Canada: Navigating Tax Laws and Regulations for Maximum Profit with Cherry Chan
On today's episode, Darren welcomes Cherry Chan to the podcast! Cherry is a CPA and probably the most recognized real estate investing accountant in Canada and Darren and Cherry chat about how real estate investors can avoid paying unnecessary taxes when doing business. Tune in to this one, you don't wanna miss it! Show notes: 00:00 - Introduction to Cherry Chan 6:20 - What taxes do you need to be aware of as a real estate investor 15:55 - Should you incorporate for tax purposes? 21:35 - New flipping rules 28:35 - PREC (Personal Real Estate Corporation) vs. small business 32:50 - How difficult is it to invest in USA 38:00 - Tax implications for Airbnbs 42:55 - Common tax questions 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 FIND CHERRY CHAN ON: INSTAGRAM: https://www.instagram.com/realestatetaxtips/?hl=en YOUTUBE: https://www.youtube.com/@RealEstateTaxTips WEBSITE: https://realestatetaxtips.ca/

S1 Ep 51Unlocking the Power of Joint Venture Deals: How to Build Successful Partnerships and Boost Your Business Growth
On today's episode, Darren and Christina dive deep into the world of joint venture deals and dissect what it takes to form a strong partnership to secure a successful joint venture. Darren also talks about the current joint venture deal he has going on in his portfolio. Tune in now! Show notes: 00:00 - Introduction 00:45 - What's a joint venture deal? 2:25 - How do I find a joint venture deal? 3:45 - Finding the right partner 10:20 - Contingency plans and setting up the joint venture partnership 13:15 - Example of a joint venture deal 16:15 - Using infinite banking in a joint venture deal 22:45 - Darren's joint venture deal 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

S1 Ep 50Is A Housing Collapse Imminent?! | Are You Prepared for the Recession?
On today's March Update episode, Darren and Christina chat about a potential recession coming, an update on the stock market and real estate market and they also have some great news in the insurance industry! Tune in now! Show notes: 00:00 - Introduction 00:30 - Is a recession coming? 2:55 - Interest rates announcement on March 8, will there be a hike? 4:05 - Stock market update 6:50 - Real estate market update 8:25 - Control and Compound news - New Real Estate Webinar 11:00 - Insurance Industry Update 14:00 - Podcast episodes you may have missed 15:00 - Upcoming podcast episodes 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

S1 Ep 49RESP vs. Infinite Banking Policy | The Difference Is Mind-Blowing!
If you have children, you need to check this episode out! Darren and Christina break down the difference between using an RESP (registered education saving plan) and an infinite banking policy on a child. The results are incredibly impactful and if you were thinking an RESP is the right choice before this episode, your mind may very well be changed by the end of it! Tune in now. Show notes: 00:00 - Introduction 1:50 - What can you use an RESP for? 5:05 - How does an RESP work? 8:05 - What happens ifyour child (the beneficiary) doesn't attend a higher education institution? 13:50 - Risk/tolerance of putting RESP in stock market 18:15 - Example of an RESP policy in action 20:15 - Infinite banking policy on child in action 29:40 - What an infinite banking child policy can do in comparison to an RESP 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
S1 Ep 48Mortgages 101 | Lending Money with the Findlay Mortgage Team
On today's episode, Darren sits down with Josh Findlay and Ehren Laycock of the Findlay Mortgage Team to discuss all things mortgages including where to look for a mortgage, the most common types of mortgages, the key differences between A and B lenders, as well as some other unique products that investors are using these days. Tune in now! Show notes: 00:00 - Introduction 1:18 - Intro to Josh and Ehren from Findlay Mortgage 4:50 - Where should I look for a mortgage? 8:10 - Most common mortgage for a buy and hold? 11:15 - A vs. B lenders; Key differences between them and what they'll give you 14:00 - What kind of interest rates; A side vs B side lending 21:00 - Options besides A and B 25:45 - When would you use a mortgage investment company? 31:00 - Are lenders more hesitant in a small town vs. big city? 39:35 - Any other unique products that investors are using? 42:05 - How to get in touch with Findlay Mortgage 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 FIND FINDLAY MORTGAGE ON: WEBSITE: https://www.findlaymortgage.com/ INSTAGRAM: https://www.instagram.com/thefindlayteam/?hl=en YOUTUBE: https://www.youtube.com/channel/UCHyUMXqdg7zMJgjmFJpUfqg/videos
S1 Ep 47Cover Your ASSets | Make Sure YOU Know What Insurance YOU Need
On today's episode, Darren and Christina break down all of the types of insurance that you can purchase, which ones are the most important, which ones are maybe not exactly necessary, and everything in between! Tune in now. Show notes: 00:00 - Introduction 1:25 - What is your greatest asset? 2:05 - Breaking down critical illness insurance 8:40 - Disability insurance and why it differs from critical illness insurance 10:00 - Personal vs. group disability insurance 15:20 - Breaking down accidental death and dismemberment insurance 19:25 - Breaking down long term care insurance 22:35 - What are health care spending accounts 26:40 - Breaking down health and dental insurance 31:50 - Breaking down home and auto insurance 35:35 - Christina's favourite! Pet 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
S1 Ep 46Flipping Houses 101 | Here's What You NEED To Know!
On today's episode, Darren and Christina break down how to flip a house properly including how to find the best deal, understanding ARV, doing the most efficient renovations, and most importantly, how the infinite banking strategy completely enhances the process of successfully flipping a property. Tune in now! Show notes: 00:00 - Introduction 3:24 - Finding the best deal 6:30 - Understanding ARV - After Repair Value 10:00 - Finding the money to take on the flip 10:55 - Renovations 12:30 - Selling the property 14:00 - How does infinite banking enhance flipping 19:10 - The ideal property to buy 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
S1 Ep 45Is The Stock Market Bouncing Back in 2023? | Housing Prices Drop 6% Across Canada
Welcome to February everyone! Darren and Christina go through a few updates including the recent interest rate hike and speculation on where rates will go for the rest of the year, a potential bounce back in the stock market, mortgage rates and GIC updates, a pricing outlook for housing in 2023 and finish with some updates within Control and Compound Financial and a question from our listeners! #infinitebanking #stockmarket #realestateinvesting Show notes: 00:00 - Introduction 1:00 - Interest Rates Update 3:20 - Stock market update - bounce back? 4:55 - Mortgage rates update 5:20 - GIC update 6:25 - Housing price outlook - 6% drop 8:05 - Control and Compound updates 9:55 - Questions from listeners 15:25 - Podcast episodes released in January 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
S1 Ep 44Everything You Need to Know About Life Insurance | How To Use Life Insurance For Infinite Banking
On today's episode, Darren and Christina break down all the components of life insurance including what kinds are available, what the best options are, and how and which policy you should be using when it comes to the infinite banking strategy. You don't want to miss this episode! Show notes: 00:00 - Introduction 1:08 - How many types of life insurance are there? 2:00 - Breaking down term 10 insurance 6:40 - Options at the end of a term 10 policy 13:00 - Breaking down term 20 insurance 20:55 - Breaking own universal life insurance 32:20 - Participating vs. non-participating whole life 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
S1 Ep 43Master Keys Joins the Pod | #1 Real Estate Investing Podcast in Atlantic Canada
On today's episode, Darren and Christina had the pleasure of welcoming Neal Andreino and Chandler Haliburton, hosts of the Master Keys podcast, to the show. Master Keys is the #1 real estate investing podcast in Atlantic Canada and Neal and Chandler have their fingers on the pulse of all things real estate investing and development in Halifax and the surrounding areas. The four chat about many different topics including Neal and Chandler's current portfolios, whether or not the BRRRR model can still be effective in today's market, their thoughts on the 2% rent cap, backyard suites and bungalows, and their future outlook on the East Coast market. Show notes: 00:00 - Introduction 1:50 - How Neal and Chandler got into real estate 5:45 - Neal and Chandler's first purchase in the real estate world 14:30 - How Neal and Chandler grew their portfolios 19:55 - Is the BRRRR model still effective in Halifax…Canada? 22:50 - Breakdown of the Halifax market: past, present, and future 29:38 - Chandler's current land development 40:45 - How tough is it to get tradespeople in Halifax 43:40 - Cost of goods for construction 47:00 - Thoughts on the 2% rent cap 51:00 - Predictions on if the 2% rent cap will stick around 55:55 - Backyard bungalows and suites 1:03:10 - Application to get permits to build outside HRM 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 FIND MASTER KEYS ON: INSTAGRAM - https://www.instagram.com/masterkeyspodcast/?hl=en TIKTOK - https://www.tiktok.com/@masterkeyspodcast? FACEBOOK - https://www.facebook.com/Master-Keys-Podcast-110495988057336/ YOUTUBE - https://www.youtube.com/channel/UCbwGbXm4rUWTZ-_6TOkuHfg?app=desktop
S1 Ep 42Breaking Down Pre-Construction Projects | Using Infinite Banking to Make Them Exceptionally Better
On today's episode, Darren and Christina break down how pre-construction projects work, a step by step process of what you need to do and they finish the episode off with how infinite banking can be used to enhance these types of projects. Tune in now! Show notes: 00:00 - Introduction 1:15 - Hands-on vs. hands-off investing 2:45 - What is pre-construction? 4:00 - Example of pre-construction project 8:45 - Breaking down the steps you need to take for pre-construction project 15:45 - Picking the right builder for the project 20:00 - The 3 clauses you need to know about 26:55 - How infinite banking makes a pre-construction project better 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
S1 Ep 41Infinite Banking Goals for 2023 | Using SMART Goals Method for Success
On today's episode, Darren and Christina go over the SMART goals strategy, how to get organized for the year, making sure you set BIG goals, and finish the episode with how Control and Compound specifically sets and attains their goals. Show notes: 00:00 - Introduction 1:05 - SMART goals method 2:15 - Specific goal 4:00 - Measurable goal 6:05 - Attainable goal 7:10 - Relevant goal 8:00 - Timeline for goals 10:00 - Big hairy audacious goals 14:30 - How Control and Compound sets and reaches 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
S1 Ep 40How The Wealthy Invest for Maximum Returns
In the first episode of a series breaking down Darren's book "Infinite Banking for Real Estate Investors", Darren and Christina chat all things private lending and how you as an investor can use other people's money to take advantage of opportunities in the market. This strategy is what some of the most savvy investors use and after listening to this episode, you too can use it effectively. The episode concludes with Darren and Christina explaining how using infinite banking concept with private lending can be a true game changer. Tune in now! Show notes: 00:00 - Introduction 2:00 - Why do private lenders loan money? 4:00 - What does a typical loan look like? 6:10 - What does it mean to be in first position? 14:25 - Where do you find private money? 19:10 - Costs associated with borrowing private money 21:05 - Incorporating infinite banking with private lending 27:10 - What other podcast episodes will help me with this? 29:50 - Wrapping up 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
S1 Ep 39What to Watch for in 2023 | Infinite Banking Year in Review
Happy New Year folks! It's the first Control and Compound update episode of 2023, Darren and Christina look back on a great 2022 and then forecast the upcoming year and what we should expect to see with interest rates, the stock market, housing market, and of course the insurance industry at large. The team at Control and Compound is pumped for a huge year and we have some great podcasts coming out soon so be sure to check back soon! Show notes: 00:00 - Introduction 00:55 - Interest Rates for 2023 5:30 - Stock markets in 2023 6:24 - Housing market in 2023 9:45 - Industry news 12:25 - Control and Compound updates 16:30 - Podcast updates 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
S1 Ep 38How To Get APPROVED for Infinite Banking | Take Control Of Your Money
Merry Christmas Everyone! On this episode, Darren and Christina break down the steps you'll need to take so you can get approved for an infinite banking policy and start taking control of your money now! Tune in and let's get started. Show notes: 00:00 - Introduction 1:18 - Finding out if infinite banking is for you 2:20 - Life insurance application break down 9:40 - Steps you need to take if you have a potential health issue 13:25 - Finalizing the policy and making it active 15:50 - Other options if someone gets rated and loses coverage 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
S1 Ep 37What the Banks Do With YOUR Money | How To Be Your Own Bank
In this episode, Darren and Christina break down how the modern day bank makes money using your money. It's quite the business model and the best part is, Darren and Christina tell you, the listener, how you can use the same strategies and be your OWN bank! Tune in now, you don't want to miss this one. Show notes: 00:00 - Introduction 00:45 - Origins of modern day bank 3:30 - The 3 wants that banks have 8:32 - How do banks make their money? 12:15 - How to be your OWN bank 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
S1 Ep 36FAQ On Infinite Banking | Part 2
On this weeks' episode, Darren and Christina are back with part 2 of answering your most frequently asked questions! We have compiled questions 11-20 from Instagram, TikTok, and YouTube and address them all. Enjoy! Show notes: 00:00 - Introduction 00:53 - How come everyone isn't getting an infinite banking policy? Shouldn't it be more popular? 2:25 - How many infinite banking policies can I own? 4:00 - How do I take out a loan on my infinite banking policy? 5:20 - Are infinite banking policy loans taxable? 6:55 - What are the interest rates on these loans and are they fixed? 9:05 - Do loans affect growth of cash value inside policy? 10:00 - Can I use the infinite banking policy to pay off my mortgage? 12:47 - Does it make sense to make deposits with funds from an RRSP? 15:30 - Can I set up an infinite banking policy inside my corporation? 17:18 - Can I use an infinite banking policy as an asset class? 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
S1 Ep 35How to Build YOUR Wealth in Real Estate with Alfonso Cuadra
On today's episode, Darren sits down with Alfonso Cuadra, the Godfather of Real Estate to discuss his journey into the multi unit and multi family business with properties in Canada and the United States. Alfonso talks about his background, how he survived two wars before coming to Canada as a refugee and starting his entrepreneurial journey into real estate. Alfonso also chats about why he thinks real estate is one of the best wealth building assets, what you should look for when hiring team members, as well as the key fundamentals and what to look for when purchasing new properties. Tune in now! Show notes: 00:00 - Introduction to Alfonso Cuadra 9:45 - Why is real estate one of the best wealth building assets? 15:10 - How did Alfonso scale his business? 20:35 - How have the high interest rates affected Alfonso's business 23:30 - What qualities should you look for when hiring members for your team 26:00 - What are some of the key fundamentals you look for when purchasing multi-family properties? 31:10 - New build vs. old build 33:55 - What keeps Alfonso motivated? 40:15 - What is wealthgenius.ai and how is it helping others learn how to create their own wealth? 44:20 - The Cuadra Youth Foundation 49:25 - Alfonso's advice for people wanting to get into the real estate 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 FIND ALFONSO ON: INSTAGRAM: https://www.instagram.com/alfonsocuadra/?hl=en YOUTUBE: https://www.youtube.com/@alfonso2k8 WEBSITE: http://alfonsocuadra.ca/
S1 Ep 34How Will FTX Scandal Affect Bitcoin and Other Cryptocurrency? | Manulife Client Portal REVIEW
On today's December update episode, Darren and Christina chat about the current state of the stock market, a big announcement from Bank of Canada on the 8th, the FTX scandal and the current fallout, as well as a new real estate app for Ontario and client portal reviews for Manulife and Equitable. Tune in now! Show notes: 00:00 - Introduction 00:35 - Stock market update 1:20 - Bank of Canada announcement on December 8th 2:05 - FTX scandal | What does this mean for Bitcoin? 5:10 - Current state of Canadian dollar 7:35 - Real estate update 9:00 - New real estate app for Ontario 11:15 - Manulife and Equitable client portal review 15:00 - Control and Compound Financial update 16:40 - Podcast episodes you missed out on 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
S1 Ep 33Would You Take $1,000,000 OR Double A Penny Everyday For A Month?
On this episode, Darren and Christina take a deep dive into what it means to compound your money and why it's so important to understand the concept. Darren uses the 'Double The Penny' example to show how impactful compounding your money can be even if you start with a small amount of cash. The two then break down how compounding your money is affected by the 3 wealth destroyers. It will surprise you to see how much money you miss out on when these wealth destroyers are in play. Tune in now and find out what you can do to maximize the money you have. Show notes: 00:00 - Introduction 1:00 - Double the penny exercise 5:20 - How the wealth destroyers greatly impact compounding interest 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
S1 Ep 32All Things Bitcoin with Jesse Berger
On today's episode, Darren and Christina sit down with Jesse Berger to do a deep dive on bitcoin and the cryptocurrency market as a whole. Jesse is the other of Magic Internet Money: A Book About Bitcoin, and the title really says it all. If you've been trying to learn more about bitcoin and whether or not it's the right investment/currency for you, check out this episode and of course check out Jesse's book. Once you see the light, there's no turning back! Show notes: 00:00 - Introduction 1:35 - Jesse's background and how he became a bitcoin specialist 5:35 - What is money? 7:40 - What is bitcoin? 9:40 - What makes bitcoin better than other cryptocurrencies? 14:55 - How does bitcoin mining work? 18:20 - Is bitcoin mining energy inefficient? 22:20 - What will miners do after all bitcoin is mined? 23:10 - Who should acquire bitcoin and why? 26:15 - Long term worries on bitcoin taxation in Canada 30:20 - How does bitcoin transfer at death work (estate planning)? 34:30 - Do you pay capital gains tax on bitcoin transfer at death? 38:20 - What does Jesse say to the naysayers of bitcoin 42:00 - Where does Jesse see bitcoin going over the next 15-20 years 47:25 - How do I get my start in 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