How Does Infinite Banking Work? | Owning Multiple Policies | Breaking Down Nelson Nash's Book | PART 3
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
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
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