Dollars and Nonsense

In this episode, we discuss how Warren Buffet is essentially practicing the Infinite Banking Concept on steroids and how you can mimic what he's doing on your own level through what we will call financial synergy. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e155 Topics discussed in this episode: • How Infinite Banking is really all about Financial Synergy • The Ability to control your own money instead of parking it in a Bank • The Biggest Problem with Conventional Retirement Programs • How Warren Buffet is essentially practicing the Infinite Banking Concept on Steroids • How you can add Synergy to what you're doing Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the four main reasons people decide not to implement infinite banking. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e154 Topics Discussed: How it is worthwhile to make it through the capitalization phase An analogy of implementing infinite banking and starting a business Why do people often get stuck in the details, and how to avoid this the self-sabotage Why you should investigate the Infinite Banking Concept Why your advisor that you're working with is probably misleading you Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the idea of leaving evergreen assets to your heirs, and how it's the best way to create lasting generational wealth for your family. And also how you can turn Infinite Banking into an evergreen asset by creating a family banking business. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e153 Topics Discussed: What are real evergreen assets and how they relate to building generational wealth for your family How to use your banking business to buy evergreen assets Why do the middle class and below have a hard time leaving anything of value financially to the next generation How the wealthy are able to maintain generational wealth Creating a legacy that doesn't last just one generation but can last for much longer Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how the Infinite Banking Concept empowers you to grow financially in many different ways. This is why we call IBC the financial gateway drug. It's often the first step to taking back control of your finances and spearheading your journey to financial independence. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e152 Topics Discussed: Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article k Topics Discussed: Accomplish things Financially. More freedom for life with the Infinite Banking Concept Deposits create income IBC loans are not limiting Is the money in your bank account losing value instead of growing? Using a Policy Loan Substance of Infinite Banking Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the two big ways recessions negatively impact your economy and how you can set yourself up to thrive during a recession. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e151 Topics Discussed: Recession indicators in the economy Layoffs Selling of assets driving the stock market down Is cash really king in an economic downturn? Opportunities to watch for when the economy is down How Infinite Banking isolates and positions you better than cash The crazy ways IBC works even harder for you when the financial markets are in a tailspin The magic that is compounding interest Finding and exploiting positions of financial safety Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how the idea of retirement is a socialist concept that is doing more harm than good. We also share how changing your focus to financial independence can create a far more fulfilling life than focusing on the conventional idea of retirement. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e150 Topics Discussed: Why Rabbi Daniel Lapin boldly claims you should never retire The history of retirement Why people retire and what motivates money managers and Wall Street to keep the idea going The spiritual and emotional toll it takes How folks waste decades of their life laboring under the false ideal and perspective of retirement The perspective and goal that opens opportunities Focusing on financial independence, freedom, and fulfillment Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we answer the question, "what is the best insurance company to use when practicing infinite banking?" ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e149 Topics Discussed: The variables to consider for an optimal outcome How to judge and why to be wary of biases Understanding what's really important during the decision-making process Why do policy options change so often How to read the A rating group tea leaves What to look for and know about the importance of illustrations How to compare policy illustrations objectively Knowing how not to be misdirected by dividend rates Is it ok to have multiple policies with multiple companies? Judging the PUA flexibility and what that means to you Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the difference between owning a life insurance policy and being your own banker. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e148 Topics Discussed: Why merely buying a policy alone is not practicing Infinite Banking How nearly everyone is already in banking -- even if they don't know it yet Why understanding which business you are really in is so important Why Nelson Nash said everyone is in two businesses Thinking strategically in addition to tactically about wealth building How being your own banker impacts real estate investing Using IBC for investment diversification Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the biggest pitfalls you will experience following the herd. Specifically, we deep dive into what happens when you only use conventional wealth-building tools offered by Wall Street and the government. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e147 Topics Discussed: The recent market meltdown and what comes next Problems that exist in the convention wealth products What happens when investments meant for your kid's college tuition or retirement go up in smoke How 529 plans get sucked into the vortex and the implications The biggest problem you face with saving money in volatile places you thought were safe The role timing plays in the intersection of what you're planning for and when you need money How IBC insulates investors from Wallstreet downturns Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how you can protect yourself from volatility during financial crises in the same way banks do. We'll also share how you can even use the same tools they do to ensure you can withstand financial distress in times of trouble. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e146 Topics Discussed: How current economic stressors are impacting the financial system What experts predict for the near future The basics of what it takes to weather a real financial storm How debt, leverage, and liquidity affect your money during crunches How liquid capital protects you during a liquidity crisis Are cash, real estate, crypto, metals, stocks, or bonds safe bets during a recession The investment opportunities that present themselves and how to seize them Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss life insurance policy dividends: why they are so crucial to the concept of infinite banking and the main factors that affect dividend amounts. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e145 Topics Discussed: How insurance policy dividends are fundamental to what makes infinite banking policies work Why leaving money sitting in a traditional bank checking or savings is a money-losing proposition What do dividends symbolize in the finance world and why does this matter to you Mutual life insurance companies How the interest rate environment affects your policies How precise actuarial science has become and why that's good for policies What rising interest rates do and do not do to IBC policies Simple IBC habits to make the most of dividends Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the three ways that practicing infinite banking can increase the return of every investment you make. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e144 Topics Discussed: Why infinite banking helps you be a better investor Important IBC misconceptions that hold people back What it means to make your money do more than one job at a time The magic of compounding assets and investments Where true tax deductions come in How the freedom to be an opportunistic investor really pays off Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

Today, we discuss three things you can do to get the best results from infinite banking. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e143 Topics Discussed: Why we say stop paying cash and your bank account to pay for things Understanding the best time to use a policy loan Making your lazy money get off the couch and work multiple jobs for you Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode discusses three significant flaws associated with retirement programs and why we believe you can get much better results by avoiding retirement programs altogether. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e142 Topics Discussed: Where to begin when contemplating a retirement program Defining your financial goals Are most people really happy with the 401K or IRA they're in? Is financial autopilot a sound strategy for your future? The psychological impact that a retirement program brings to people How health considerations impact your planning How conventional programs destroy entrepreneurial spirit in most people When some solutions build a false sense of hope for the future Accounting for the unconsidered volatility of the markets Measuring opportunity costs and weighing your options Understanding tax savings vs tax deferment that will sneak up to steal your retirement Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the main misconception about tax planning using qualified retirement programs. We also explain why it is one of our biggest pet peeves when meeting with clients or accountants. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e141 Topics Discussed: The biggest misconception about tax-qualified programs What accounts get wrong or confuse clients about when it comes to tax planning pitfalls How to determine when a tax deduction is actually a tax deferral, and why that matters The opportunity loss of putting your money in "tax jail" The mirage effect of tax deferral products and concepts Critically thinking about how future tax rates will impact your retirement savings How these tax planning pitfalls impact business owners Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss what happens to Infinite Banking policies if the dollar collapses or hyperinflation hits. We also discuss what you can do to protect yourself in light of the current global turmoil. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e140 Topics Discussed: How IBC has historically faired during economic turmoil The real cost of high inflation periods The difference between investments and banking systems Dollars, gold, and mediums of exchange Why it is best to keep money in motion rather than stagnant Infinite banking vs 401Ks in times of financial peril The importance of asset diversification and where IBC fits into the strategy How mutual life insurance companies are owned by the shareholders The 200-year track record of mutual life insurance and how they are different from the rest of the system Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss one of the most common questions that comes up as you plan for retirement, "How much money can I safely withdraw from my accounts without running out of money?" ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e139 Ensuring you have enough money to last you is probably one of the most critical questions to answer for people planning for retirement, especially if they've built up their assets in a more conventional way. In retirement, the greatest fear is that you will outlive your money and then be forced to live on the charity of family members or the government. We break down the options and answers today. Topics Discussed: How economic fluctuations and inflation can rob you of your future Why the way traditional structured assets are not doing the best job for most people Simplifying the math to see what the future really holds for your money Understanding the doubling effect that takes hold and reduces your wealth when you move to a distribution phase The risk of using volatile assets to fund your future Why and how whole life policies are a non-volatile asset that only goes up with the right structure Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed how keeping money in motion is better to build wealth than the conventional wisdom that focuses on storing money up in accounts for decades without ever getting your hands on it. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e138 Today, we're going to talk about the concept that motion is a crucial way to build wealth. This model of growing your money is a little different from what we've all been taught. For those of you who are new to IBC, you can probably tell many things we suggest and do are different from conventional advice. To that point, one of the biggest things is the difference between people who let money lay dormant and people who keep their money in motion. People practicing IBC put their money to work for them, while folks operating under conventional thinking let their money be lazy. Topics Discussed: What keeping money moving means Why and how static money storage robs you of wealth How motion means more than policy loans What this means for retirement accounts and cashflow What it means to really put your money to work or even do multiple jobs Lesson's from Robert Kiyosaki's book titled Rich Dad Poor Dad about money Understanding what banks have known for hundreds of years about money in motion What it means to be your own banker Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the question, "do I really need an emergency fund?" Not only do we get questions on this topic, but we also find out that there are still some misconceptions having to do with this ingrained bank account mentality in all of us. So we dive into emergency funds and ways that money might actually be put to more productive and protective uses. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e137 Topics Discussed: What does an emergency fund really cost? How many months worth of expenses should an emergency fund cover? Is a bank really the best place to hold your fund? The most expensive money in a bank How to use Whole Life instead of a bank Illustrating the gains from using IBC for emergencies Why policy payments are really deposits in your own bank Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how infinite banking is not a get out of debt system and why that thinking easily confuses both the novice and the experienced infinite banker. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e136 Topics Discussed: Is debt elimination the real point of the Infinite Banking Concept? How it is fundamentally a banking system Being a customer of a bank vs. being your own bank advantages The counter-intuitive what of making a profit off of expenses Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the advanced life insurance strategies that the wealthy have been using for years. Whole life insurance is one of the most commonly used assets for high net worth individuals, from executive-level compensation packages to transferring large estates. We wrap up by discussing how the infinite banking concept is the one strategy that can be utilized by anyone, regardless of their economic position. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e135 Topics Discussed: Uncovering how high network individuals use IBC The strategy Jim Harbaugh, coach of the University of Michigan Why the death benefit is the least interest aspect of a whole life insurance policy What is premium financing and how does it work How to use irrevocable life insurance trusts to beat the death tax Why Walmart was taking out COLI policies on all their employees Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how focusing on the rate of return can be very misleading. We'll also share how using the infinite banking process can help you make more money on every investment opportunity that comes your way. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e134 Topics Discussed: What rate of return is often abused by people offering investments How rate of return can be helpful and sometimes deceptive Games played with the average rate of return that can trick you Factoring risk into the equation How IBC is a banking strategy and why it is not an investment Understanding the real goal of the infinite banking concept The ways IBC differs from investment opportunities How infinite banking can enhance rate of return Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the economic fact that you finance everything you buy, even when you pay cash. We also demonstrate how you can profit from everything you purchase using the same strategy and tools of some of the wealthiest people in recent history. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e133 Topics Discussed: A fundamental tenant and Infinite Banking Unpacking Nelson Nash's work Why everything we purchase is actually financed Building capital vs. capital expenditures Understanding opportunity costs How and why IBC policies facilitate becoming your own banking The interest cost to every decision that you make How compounding interest in policies outpaces loan interest rates against policies Why compounding assets always win Why Mark Zuckerberg borrowed money to buy his house when he's got billions Leveraging money so it can continue to compound in a tax-free environment Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e132 Topics Discussed: Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you Why no other financial product affords you the ability to be your own banker Modified Endowment Contracts Context from the history of whole life insurance policy regulation The folklore of a guaranteed 4% and what it really means How to think about the death benefit vs. the living benefit of policies Understanding guaranteed cash values Comparisons of IBC against other financial products Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e131 Topics Discussed: Basics of IRS code as it relates to whole life insurance The goal of IBC Using is life insurance policies with mutual paying companies A brief history of life insurance The impact of Section 7702 of the Internal Revenue Code Understanding the modified endowment contract (i.e., MEC) What happened with a base guaranteed interest rate of 4% Cash values vs. death benefits The "big change is coming," marketing tactic tickling some ears Increasing the flexibility and consumer-friendly nature Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss one of the most commonly asked infinite banking questions. When should I use my policy to pay for something, and when should I use cash? ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e130 Topics Discussed: Should I borrow from my whole life insurance policy or use cash? Can I borrow from my whole life insurance policy? What it means to become your own banking and why it matters Understanding the two basic ways you pay for something The fundamental problem Infinite Banking attempts to solve The real costs of paying cash Is cash really king? How money in motion makes more money Why compound interest is like magic Example expenses you never thought you could use policy to pay for, but can Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e129 Topics Discussed: How long do you normally want to be putting money into premium? What is the least timeframe to see dividends and benefit from compounding interest? How to understand when something is not a true liability or money loss from payment Why your money should always be in motion rather than stagnant When to use an automatic premium loan Can an IBC Policy pay for itself? How long do we typically pay a premium? How should we consider premiums? What are the options if I do need the policy to pay for itself? Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how you can determine whether or not it makes sense for you to invest in a 401k. This speaks to the more common question people have of, "What should I be doing with my money?" Not everyone is the same or in the same place. So, it can make sense for some people to put money in it, whereas other people should really steer clear from it. Today, we provide simple ways to make the best investment decision for you and your family. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e128 Topics Discussed: How to tell if a 401k is right for you When should you stop contributing to a 401k Considering future taxation and the probability of rates going up What to know and think about when it comes to matching The fees to be aware of and watch out for How to factor age into your decision matrix Is a 401k worth it Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the five human natures that limit our ability to succeed financially. These impact us when it comes to the Infinite Banking Concept especially. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e127 Topics Discussed: How Nelson Nash described the five human natured holdings you back Understanding Parkinson's Law how expenses tend to rise to match income when luxuries become necessities Using the concept of opportunity cost to make wise decisions Seeing the default option is often the worst option for you How traditional financial products set you up for more taxes than you realize When control of your money is an illusion Understanding Sutton's Law Knowing when you're making the rules and when you are playing by someone else's The arrival syndrome and now it impacts your wealth What use it or lose it means when it comes to your money and how to make your money move How paying yourself first eliminates many of the sneaky rats eating up your finances Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we provide answers to the most common objections we hear from people that are investigating the Infinite Banking Concept. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e126 Topics Discussed: The only question that's a dumb question is the one you don't ask Comparing rates of return and common misunderstandings What it means to keep your money moving and doing more than one job How and why infinite banking is a banking system and not an investment Is it a simple get out of debt system or much more? When paying for cash is counterproductive to the real goal you're after Is this just a get-rich-quick scheme? Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we interview Ray Poteet, the founder of Living Wealth. He joins us to discuss what the best practitioners of Infinite Banking do, and compare that to the clients who are not maximizing IBC. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e125 Topics Discussed: Why regular communication with a trusted guide is paramount to success Keeping money in motion and avoiding stagnation Overcoming the fear of the unknown and embracing help The potential application of the "Rainy Day" mentality When creativity and an adventurous nature pay off Why a traditional view rate of return confounds and trips people up What it means to pay yourself back to create a financial flywheel Understanding that Infinite Bank is not about the policy, it is about what you do with the policy Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how you can avoid the three most common mistakes people make when practicing the Infinite Banking Concept. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e124 Topics Discussed: How to avoid infinite banking concept mistakes The mindsets that must change to achieve financial success How to see opportunities when they present themselves Why repaying policy loans is the number one mistake people make What it means to steal the peas The mindset of seeing your policy as a banking business you are an owner in When it is ok to not repay a policy loan The pitfall of not understanding opportunity costs The mistake of merely seeing a policy as an investment opportunity instead of a holistic system of wealth creation Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, discuss how the default option in almost every area of life is the most expensive. We also share how you can get yourself out of the herd to avoid the slaughterhouse. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e123 Topics Discussed: Why the default choice options are usually the most expensive Probate example -- when spending $3,000 today saves you $50,000 tomorrow Income tax example 401k example Social security example Savings account and liquid cash example Why people don't like to plan and how to shortcircuit this mindset How to outsmart the system and avoid being fooled by the default Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/ Topics Discussed: Why the default choice options are usually the most expensive Probate example -- when spending $3,000 today saves you $50,000 tomorrow Income tax example 401k example Social security example Savings account and liquid cash example Why people don't like to plan and how to shortcircuit this mindset How to outsmart the system and avoid being fooled by the default Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the power of certainty in your finances. We also share how to identify and limit the external factors seeking to destroy your future. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e122 Topics Discussed: Seeking out the opportunities to invest What financial certainty really looks like How simply knowing the rules yields fast results in certainty Internal vs external factors of control How IBC is a process and not a product The big rules of IBC Case studies and cautionary tales Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss financial risk. Most of us are aware that certain investments are riskier than others, but what do we mean when we say that? Are there different kinds of risks, and how do you know what types you should take? ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e121 Topics Discussed: Understanding how financial risk assessment is personal What is risk at its root Risk vs. Reward considerations How to assess what risks exist How to measure risk based on your needs and tolerance Being aware of and guarding against cognitive bias Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how the current political environment is flashing warning signals of inflation. We'll also share how the infinite banking concept can protect you from the harmful effects of inflation, be it transitory hyperinflation or long-term. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e120 Topics Discussed: Current events and monetary policy fueling concern Is inflation already here Planning for a financial future when prices are rising Why the FED wants more than 2% inflation What's happening to the money you leave sitting in savings Thoughts on gold, silver, BitCoin, and other assets How using Infinite Banking keeps your money growing even during inflationary periods Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the age-old personal finance question, "Should I buy more assets, or should I pay off debt?" Navigating and answering this question is especially vital within the Infinite Banking system. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e119 Topics Discussed: The advantages and disadvantages of paying everything off The advantages and disadvantages of paying focusing on acquiring assets over debt Considering financial strategies relative to your stage in life The strategy IBC employs and why What it means to become your own banker Utilizing strong dollars today and paying for things with weaker dollars tomorrow Making money do more than one job at a time When paying off debt actually becomes counter-productive to your financial growth Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode turns the tables on some of the most common misconceptions about infinite banking and whole life insurance promoted by many ignorant financial gurus. Chief among them is the claim in the news that if you received the COVID-19 vaccine, it would void your death benefit because it's an experimental drug. We'll share the truth direct from the industry and what you must need to know. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e118

In this episode, we discuss the unseen power of infinite banking to transform lives and how you can't put all the benefits of IBC on a spreadsheet. DESCRIPTION ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e117 Topics Discussed: What happens first when you finally start to take control of your finances A quick discussion on the benefits shown through analytics and spreadsheets Finding joy in things that used to be stressful anxiety-inducing events Shifting the way you think about money for a more productive life Alleviating fear of the unknown and uncertainty of your financial well-being Moving from worker mentality to entrepreneurial and what that does for you Adopting a fresh perceiving and understanding of how you can make your money benefit you now AND in the future Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the most common advanced questions we receive from our existing clients and others that already have experience with infinite banking. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e116 Topics Discussed: Now that I have a policy, what do I do next? What do most people use their policies for and what can I use it for? When does it make sense and when does it not make sense to use a policy to pay for things? When does using more than one policy make sense? How much premium should you really be paying? Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we answer the most common questions we receive from individuals who are just starting out on their infinite banking journey. These are the wonderful beginner questions nearly everyone has. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e115 Topics Discussed: What fuels and grows the policies? Understanding compounding interest? How do policy loans work? What can you buy with a policy loan? What limiting factors and MEC limits are What paid up addition riders do for you Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the ton of misconceptions that banks want you to believe about mortgages and interest rates. We'll share what you ought to be doing instead. Get instant access to our FREE How to Really Make Your Home Mortgage Work For You presentation here now: https://livingwealth.com/mortgage/ ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e114 Topics Discussed: Why banks keep you in the dark Basic truths about the math of home mortgages Why paying a mortgage off early may not be in your best interest Questioning whether a home really is an asset or not What Robert Kiyosaki says about assets and the best way to define them What low-interest rates are really good for Why 15-year mortgages look "cheaper" than 30-year mortgages How to think about the value of current versus future dollars How to put your money to work for you instead of the bank Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss what we can all learn about the right ways and the wrong ways to build sustainable wealth in light of the recent GameStop fiasco. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e113 The GameStop stock price has been on a tear, going wild for the past couple of weeks, increasing value by orders of magnitude. It was all based on a Reddit forum, essentially seeing that the Wall Street gurus were all shorting GameStop. They were shorting it because they thought that GameStop would lose a bunch of value. The company was experiencing a challenging time navigating as a business due to the results of the pandemic. GameStop is a video game retail outlet that mainly lives in malls, a type of retail outlet walloped by the pandemic. We share our thoughts on the big takeaways from the events. Topics Discussed: The backstory on GameStop, the short-sellers, and Reddit What made main street investors deeply want to stick it to Wallstreet Exploring what strategies build sustainable wealth and those that don't Understanding what examining if a firm produces real value for the market and why that's important How to know when you're gambling vs. investing Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we will discuss the best ways for you to introduce your family and friends to the infinite banking concept. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e112 Topics Discussed: Why the IBC concept can be hard to grasp at first blush Personal stories from the hosts How to start slow, simple, and staying out of the confusing weeds When being too close to the person your speaking to can cloud the conversation and how to fix this Using easy to understand analogies When it is time to make an introduction and let a trusted pro explain Taking the perspective of informing vs. preaching a single path Sharing books and other resources Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the reasons why you should not be deferring taxes into the future due to the current tax and political environment. We also share how you can avoid paying too much in tax to the Internal Revenue Service. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e111 Topics Discussed: The implications of a changing political climate and party control How to determine the probability taxes will go up or down A brief history of taxation in the United States The best perspective to adopt for thinking about the future of taxes to save you later wallet burn What may happen to your contributes in conventional IRAs and the like Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

We discuss the concept of self-insurance often peddled by many self-proclaimed financial gurus. We'll also share how the economic value of certainty can improve the quality of your life. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e110 Topics Discussed: Dave Ramsey, Susie Orman, and others peddling self-insurance Concept overview Problem one with the concept: You wouldn't do this under comparable conditions Problem two with the concept: Opportunity loss When business owners lose out Thinking long-term by thinking generational wealth Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

How to use policy loans is one of the most common questions we receive. This includes why someone would even want to take a policy loan and pay interest. At first blush, it may seem counter-intuitive when trying to build wealth. So, in today's episode, we discuss how policy loans work. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e109 Topics Discussed: What are policy loans and why would you use them What it means to become your own banker Who gets the interest that you pay When does it make sense to borrow against your policy What's the best way to repay a policy loan Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we answer common questions about modified endowment contracts. What are they? How do they apply to infinite banking policies? Does it ever make sense to own a policy that is classified as a modified endowment contract? ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation For free transcripts and resources, please visit https://livingwealth.com/e108/ Then if you've been around the neighborhood of infinite banking, you've probably heard the term MEC or modified endowment contract. You might be wondering, what this means. In this episode, we deep dive and share all you need to know. Topics Discussed: What modified endowment contracts are exactly What MEC has to do with Taxes How they fit into your overall policy construction and strategies Does the policy really grow tax-free When a MEC must be created to do its job for you When it makes sense to implement a Modified Endowment Contracts When it makes sense to NOT implement a Modified Endowment Contracts Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, Holly and Nate discuss the three keys to being successful at infinite banking. ~ Access our FREE Infinite Banking Beginner course here: https://livingwealth.com/beatinflation ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e107 Topics Discussed: What it means to not fear capitalization The biggest mistakes people make with capitalization How far can capitalization really go What it means to make your money move and work multiple jobs Using the two pockets metaphor correctly How to seek opportunities for investment and keep money moving Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we welcome back special guest Ray Poteet. Together, we'll take you beyond the numbers of infinite banking and share some personal testimonies of what infinite banking has allowed us to do that we would not have been able to do or experience without our policies. ~ Access our Masterclass FREE to podcast listeners here: https://livingwealth.com/secretbanking/ ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e### Topics Discussed: When you move beyond thinking of needs How Ray's life has changed since discovering and mastering IBC How Holly's life has improved with IBC How Nate's life is enhanced with his use of IBC What big purchases and vacations look like When spending doesn't mean losing money Episode Resources: * Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/ * What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/ * Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/