Wealth On Main Street

Wealth Without Bay Street 173: Kids And Money: The Power of Home Economy How do you teach your kids to create value? Simple, we gamify it with a fun app for parents and kids! It's so important to remember that the financial habits we teach them now have a ripple effect on their future. By […]

Wealth Without Bay Street 172: The Power Of Private Lending With Mortgages Are you not seeing the returns you hoped for with your retirement savings plans like RRSP, TFSA, LIRA, and the like? Why not consider private lending? It's a fantastic way to earn attractive interest rates in the real estate industry while supporting your […]

Wealth Without Bay Street 171: What Type Of Banker Rakes In The Most Cash? Which type of banker makes the MOST money? Well, this brings us back to the characters in the financial play Nelson Nash describes in the book titled Becoming Your Own Banker. First, it is vital to understand all four […]

Wealth Without Bay Street 170: Contracts That Guarantee The Delivery Of Money MONEY GOAL – there's a difference between hoping for something and being sure of it. Listen to Richard and Jayson's advice and make sure you're covered. Just like a lender wouldn't under insure an asset, you shouldn't do it to yourself either. When […]

Wealth Without Bay Street 169: Understanding the Shift in the Global Currency System Have you ever wondered where the Canadian and global currency systems are headed? Many people have asked us this question, so Richard Canfield and Henry Wong decided to share perspectives and opinions on it. We'll be discussing the future of the Canadian […]

Wealth Without Bay Street 168: Infinite Banking Concept Fallacies and Myths Consider the image of a tree stump for a moment. Former forester turned powerhouse financial thinker Nelson Nash likens it to investing in a whole life insurance policy. He once asked, “What does each ring represent?” The answer: it symbolizes one year of uninterrupted […]

Wealth Without Bay Street 167: Create Cash At A Discount Imagine giving just a nickel and receiving a dollar in return – that's a return on investment you simply can't pass up. Investing in a participating, dividend-paying whole life insurance contract is a smart move that ensures you can even generate cash at a discounted […]

Wealth Without Bay Street 166: How The Infinite Banking System Started Consider the image of a tree stump for a moment. Former forester turned powerhouse financial thinker Nelson Nash likens it to investing in a whole life insurance policy. He once asked, “What does each ring represent?” The answer: it symbolizes one year of uninterrupted […]

Wealth Without Bay Street 165: Faith And Freedom In Infinite Banking From constitutional lawyer to entrepreneur and epic podcast host, tune in to the inspiring journey of Leighton Grey. For several years, Leighton has firmly established himself as one of Alberta's preeminent lawyers. His outstanding record in the courtroom has made its way into the […]

Wealth Without Bay Street 164: A Tax Free Addition To Your Business Surplus Economist R. Nelson Nash firmly believed that to truly excel financially; you must be involved in two businesses. One is the business that provides for your livelihood – putting food on the table and paying your bills. The other, however, is the […]

Wealth Without Bay Street 163: How Active Versus Passive Business Income Is Taxed In A Canadian Controlled Corporation with Henry Wong Are you aware of the tax differences between active and passive income in the corporate world? It's important to understand the details surrounding both types of income, especially with rule changes that have affected […]

Wealth Without Bay Street 162: Enhance Your Financial Well-Being Through Energy Flow Every entrepreneurial origin story inspires you to push ahead in your journey. Our guest, Harry Massey, suffered from severe chronic fatigue syndrome, which left him bedridden for over 7 long years. His quest for healing and finding it became his foundation in building […]

Wealth Without Bay Street 161: How To Create More Certainty and Cash Value | Retirement Planning 2023 The late and great Ben Feldman said the best investment is “one that pays the most when it's needed the most.” For the person looking to build dependable wealth, choosing and deciding where to invest your money can […]

Wealth Without Bay Street 160. ​​A Methodology for Wealth Building with Brett Tanner. Brett Tanner joins Richard and Jayson to discuss Brett’s Be Wealthy mastermind program for real estate investors. The program aims to teach agents how to transition from being realtors to investors and create wealth outside of their businesses. Brett emphasizes the importance […]

Wealth Without Bay Street 159. ​​A CPP Case Study: Will You Get Your Money Back? with Henry Wong. Henry Wong joins Richard and Jayson to discuss the Canadian Pension Plan (CPP) and its impact on Canadians. They analyze data showing a declining trend in Canada's portion of the CPP investments, and explain how CPP contributions […]

Wealth Without Bay Street 158: Silicon Valley Bank Failure – Protect Your Deposits with Richard & Jayson. BREAKING NEWS! Silicon Valley Bank is the 16th largest bank in the United States and was the largest bank by deposits in Silicon Valley. But last week, the most devastating news for bank depositors happened — the Silicon […]

Wealth Without Bay Street 157: Wealth Without Bay Street 3 Years of Podcasting with Richard & Jayson. This conversation between Richard and Jayson focuses on looking back from how the podcast got started. They talk about the twists and turns of the show: How they came up with the idea and how the idea became […]

Wealth Without Bay Street 156: Tax Free Retirement, Tax Controlled Passive Income with Richard & Jayson. This conversation between Richard and Jayson focuses on the idea of creating certainty and positive anticipation for the future by investing in a tool such as a dividend paying, participating whole life insurance policy. This type of policy is […]

Wealth Without Bay Street 155: Money School: Life Before and After Infinite Banking with Chris Naugle. Chris Naugle is a professional snowboarder and America's number one money mentor. He recently spoke about how he went from professional snowboarder to a money mogul. He discussed the Infinite Banking Concept, which is something insurance companies don't want […]

Wealth Without Bay Street 154: Infinite Banking Policy Design: Beware of the 10/90 Policy with Henry Wong CPA. Henry discusses how basing a contract of the whole life insurance only on a simplified ratio of base versus flexible premium is flawed thinking. Henry shares why Canadians should be wary of what is referred to as […]

Wealth Without Bay Street 153: Plan on Living the Second 50 Years of Your Life with Kathleen Adams. She encourages people to consider new opportunities and purpose for the Second 50 years of life and not waste wisdom or wealth. Kathleen believes vitality is important, and that people should strive to not become low-hanging fruit for gravity, continuing to be vital, active, and in service to others.

Wealth Without Bay Street 152: Coaching Infinite Bankers is what Mark Benson does. An Authorized Infinite Banking Practitioner with the Nelson Nash Institute, Mark Benson discusses the philosophy for achieving victory and happiness. A former coach, he used his experiences in formulating and focusing on strategies that proved successful in financial education.

Wealth Without Bay Street EPISODE 151: Featuring on today’s episode of Wealth Without Bay Street is returning guest, JinJin Fung. JinJin believes finance is a big part of everybody’s life. There is an efficient and peaceful way to take care of it and control it – practising the process of becoming your own banker. She doesn’t see this as a job but as a mission to pass on this great concept so more people can benefit from it.

Wealth Without Bay Street EPISODE 150: Featuring on today’s episode of Wealth Without Bay Street, is Donny Mangos. Donny is the Team Leader for the downtown Toronto Keller Williams office, as well as the team leader for his own investor-focused real estate team of agents. Nearly 18 years as a Realtor, Donny has had a front row seat to the ins and outs of real estate ownership in Canada’s largest city. Donny has recently discovered creative strategies for building and preserving wealth through insurance, and has yet to come out of that rabbit hole! At home, Donny is a husband and father to 2 amazing daughters and a diehard Raptors fan.

Wealth Without Bay Street EPISODE 149: Featuring on today’s episode of Wealth Without Bay Street is Roman Pushkar. Join us as Richard and Roman talk about the differences in implementing the infinite banking concept in the USA versus Canada.

Wealth Without Bay Street EPISODE #148: Join us for today’s episode of Wealth Without Baystreet as Richard and Jayson discuss the payouts of a death claim on insurance policies and about incontestability periods.

Wealth Without Bay Street EPISODE 147: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about The Infinite Banking Concept and how you can use the Financial Tailwind for your Whole Life.

Wealth Without Bay Street EPISODE 146: Featuring on today’s episode of Wealth Without Bay Street is John Bromley. John Bromley is the CEO and founder of Charitable Impact. He grew up with charity at the core of his family’s values. He started his career in corporate finance working with PwC and RBC Capital Markets and then went to work with his father, Blake Bromley. John recognised a need to make giving more accessible and more effective. With that in mind, John went on to launch Charitable Impact. Charitable Impact is a fully online DAF platform where you have an online bank account that processes cash & non-cash (Stocks, real estate, insurance, crypto etc) donations. Their Mission is to nurture the generosity within each person, and bring the resources for creating change in the world to everyone.

FREE report 7 Simple Steps to Becoming Your Own Banker – http://7steps.ca/ Wealth Without Bay Street EPISODE #144: Join us for today’s episode of Wealth Without Baystreet as Richard and Jayson discuss the corporate infinite banking with passive income with an example of a million dollar premium. IN THIS EPISODE, YOU WILL LEARN: […]

Wealth Without Bay Street EPISODE 143: Featuring on today’s episode of Wealth Without Bay Street is Roman Pushkar. Join us as Richard and Roman talk about inflation, their experiences and how you can implement IBC and how it can help.

FREE report 7 Simple Steps to Becoming Your Own Banker – http://7steps.ca/ Wealth Without Bay Street EPISODE 142: Joining us on today’s episode of Wealth Without Bay Street is Brittany Anderson. Brittany Anderson is the President and Shareholder of a top-ranked financial services firm, Sweet Financial Partners. Having more than a decade’s worth of experience in her field, she has taken her business building and team engaging insights, and has worked with CEO’s, Entrepreneurs, Business Owners, and Authors. Brittany is also the co-creator of the Ultimate Advisor Coaching and Ultimate Advisor Mastermind Platforms. Her insights have been featured in national media outlets such as the Huffington Post, Barron’s, Private Wealth Magazine, Soar to Success & Forbes magazine. She has shared her expertise through her contribution to three published books and will continue on with her love for writing as she is set to publish two additional books in 2022. As an influential speaker and author, Brittany Anderson has spoken at Million Dollar Round Table, Raymond James National Conference, EWAS and others on showing up each day to be more than a title, more than a label, and pursuing a life that fulfils their purpose. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:26 Brittany’s Journey 6:52 For The Next Generation 10:43 Don’t Have A Scarcity Mindset 13:55 Leaving A Legacy 24:16 Creating The Right Space 28:53 Reflecting On Who You Truly Are 34:17 What Does Your Brain Look For 40:16 Who Would Brittany Want To Be A Hero To Connect With Brittany: Website: https://sweetfinancial.com/ FaceBook: https://www.facebook.com/brittany.anderson.25 Instagram: @thebrittanyanderson LinkedIn: https://www.linkedin.com/in/brittany-anderson/

FREE report 7 Simple Steps to Becoming Your Own Banker – http://7steps.ca/ Wealth Without Bay Street EPISODE #141: Join us for today’s episode of Wealth Without Bay Street with your hosts, Jayson and Richard, as they discuss how to use the infinite banking system to your advantage by shielding yourself from inflation and unnecessary taxes. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:52 Tax Hikes In Canada 6:54 Canada Pension Plan Contributions 9:34 What Goes In The CPP vs. Our Own Family System 19:25 Want Control Over Your Finances 21:36 Policies Keep You Safe 25:19 Don’t Rely On Banks

Wealth Without Bay Street EPISODE 140: Back on today’s episode of Wealth Without Bay Street is Justin Breen. Justin is the founder and CEO of BrEpic Communications LLC, a PR firm that works exclusively with visionaries and exceptional businesses around the world. He has won dozens of editing and writing awards and is an author of countless viral stories. Justin is hard-wired to seek out and create viral, thought-provoking stories that the media craves, and he finds the best stories when he networks with visionary entrepreneurs and executives who understand the value of investing in themselves and their businesses. He has built an international network of extraordinary people and believes strongly in the power of introductions and creating important relationships through those introductions. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:33 What Inspired Justin’s Book 4:31 Coping As An Entrepreneur 10:03 Visionaries And Stabilisers 14:24 Execute Don’t Overthink 20:53 Being An Entrepreneur In Your Family 26:16 Learning From Our Parents 31:17 Raising Children To Be Strong 38:21 Having Family Activities 46:25 Learning From Other Entrepreneurs Connect With Justin: Website: www.BrEpicLLC.com LinkedIn: https://www.linkedin.com/in/justinbreen1 New Book: Epic Life: https://www.amazon.ca/Epic-Life-Collaborative-Companies-Putting/dp/1544532563/

Wealth Without Bay Street EPISODE #139: Join us for today’s episode of Wealth Without Baystreet with Jayson and Richard to learn about how to use the infinite banking concept to ensure the lives of key people in your life. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:53 Insure The Co-Founder in Your Family and Business 4:46 Take a Look at the Example 8:11 Is The Policy Exempt From Tax? 11:15 Growing Cash Value 14:08 Years Five to Six 18:26 What Happens if the Life Insured Dies 22:24 Money Had to Reside Somewhere 25:06 An Example in Real Estate 28:34 Protect Yourselves

Wealth Without Bay Street EPISODE 138: Featuring on today’s episode is Genady Knizhnik, a co-founder of Bot Publishing, he has helped to create a language learning platform called LillyPad, an innovative and unique take on the existing Digital Language learning industry combining the power of the most recommended path to achieve fluency with the latest AI technologies. LillyPad focuses on intermediate/advanced language learners who are underserved by the majority of existing applications. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:25 How LillyPad Came To Be 4:03 What Make LillyPad Different 11:35 Applications of LillyPad 12:19 Three Tenants Of LillyPad 16:28 How AI Is Used In LillyPad 21:05 How LillyPad Was Started 24:20 Who Would Genady Want To Be A Hero To Connect With Genady: Website: https://lillypad.ai/ FaceBook: https://www.facebook.com/lillypad.english/ Instagram: https://www.instagram.com/lillypad.english

Wealth Without Bay Street EPISODE #137: Join us for today’s episode of Wealth Without Baystreet with Jayson and Richard to learn about how becoming your own banker can be financially freeing! IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:20 Interest Rates in 1980’s vs. Today 9:44 Nelson’s Example 14:34 Getting People To Catch On 16:16 Magic Of Leverage 22:24 Wealth Has To Reside Somewhere

Wealth Without Bay Street EPISODE 136: Today’s episode features Henry Wong again. Henry is a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today he uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid. Join us today as Henry present’s data about the Canada Pension Plan and analyzes what this could mean for the future. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:51 How Does The Canada Pension Plan Work 4:02 Aspects Of CPP To Be Aware Of 8:38 How Losing $22 Billion Affects Everyone 19:06 Contributions In 2020 23:04 CPP And Its History 26:22 Contributions And Withdrawals 31:46 Putting Yourself In An Advantageous Position 36:11 Employer Contribution Is An Expense 40:47 Canada Revenue Agency – Boiling Frog Syndrome 49:44 How Much are You Really Contributing 53:46 Looking Towards 2023 59:02 Limitations Of The CPP

Wealth Without Bay Street EPISODE 135: Featuring on today’s episode is Monty Bhatia. Monty graduated from U of T as a Software Engineer and has been working in the Technology space for the past 20 years. He is also a real estate salesperson, real estate investor and Smith Manoeuvre Certified Ambassador. Monty practices the Infinite Banking Concept as well as The Smith Manoeuvre personally. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:53 How Monty Integrated IBC With The Smith Manoeuvre 8:57 Essence Of The Smith Manoeuvre 15:24 Implementing “Accelerators” 18:25 Where Do These Processes Integrate 22:56 Does This Affect Your Taxes 26:21 Advantages Of Using This Tool 32:45 Having Conversations About The Smith Manoeuvre 39:10 Who Would Monty Want To Be A Hero To Connect With Monty: Email: [email protected] Contact: 647-234-0464 Smith Manoeuvre Calculator Smith Manoeuvre Book Smith Manoeuvre Homeowners Course

Wealth Without Bay Street EPISODE 134: Featuring on today’s episode is Carrie Johnson. Carrie has been a Certified Nail Technician for 19 years and an Educator for 17 years. She loves sharing and teaching new skills to people who are eager to learn. Carrie is also an enthusiastic learner and you can join us today to learn more about her journey with IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:27 Carrie’s Journey With IBC 9:43 How Has the Process Been? 13:27 Sharing About IBC 17:47 Never Too Late to Start 24:25 Doing Nails and Business! 28:47 Starting With Baby Steps

Wealth Without Bay Street EPISODE 133: Featuring on today’s episode is Nathan Hirsch. Nathan is a lifelong entrepreneur and currently the CEO of EcomBalance and Outsource School. Nathan started his first business in 2009 from his college dorm room buying and selling textbooks on Amazon. In the next 5 years, he expanded into other products and scaled it to over $25 million in total sales. After scaling his Amazon business and hiring hundreds of virtual assistants from sites like Upwork and Fiverr, he and his business partner, Connor Gillivan, co-founded and scaled FreeUp.net with an initial $5,000 investment to $12 million in yearly sales. FreeUp was acquired in 2019 by The Hoth. In 2020, Nathan co-founded Outsource School to offer his exact online hiring and management methods to business owners looking to build a remote team. Nathan scaled Outsource School to hundreds of members and it continues to grow today. In 2021, Nathan co-founded EcomBalance, an online bookkeeping service to help eCommerce business owners better master their finances and bookkeeping. After interviewing 100+ eCommerce business owners, it was clear that there was a need for a better solution in the market. Nathan decided to tackle it and the company is growing quickly. Originally from Massachusetts, Nathan is now a foster parent and lives in Denver, Colorado with his wife and two dogs. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:50 Nathan’s Entrepreneur Journey 5:39 About EcomBalance 10:03 Selling Free Up 13:57 Comparing Trends and Numbers 20:06 Know When to Go On and Stop 24:31 Working With Trial and Error 30:36 Having the Right Partner 38:41Who Would Nathan Want To Be a Hero To Get Connected With Nathan: phone: 413-250-0846 email: [email protected] website: ecombalance.com

Wealth Without Bay Street EPISODE 132: Featuring on today’s episode is Jennifer Wolfe, who recently started her journey with infinite banking and now helps others with theirs. Join us today with Richard Canfield and Vernon McCarty to discuss the infinite banking policy application process to make your journey easier. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:21 The Start of Jennifer’s Journey With IBC 10:34 What To Be Prepared For When You Start 15:25 How Long Does The Application Take 20:27 Give All The Information You Can 22:53 What is an APS? 28:49 Process of Taking a Policy Loan 36:40 Continue To Meet Your Coach 38:33 Who Would Jennifer Want To Be a Hero To Get Connected With Jennifer: E-Mail: [email protected]

Wealth Without Bay Street EPISODE 131: Featuring on today’s episode is Cherry Chan. Cherry is an entrepreneur, author, blogger, and mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. She started her real estate investment journey over 10 years ago by buying one student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing”. She can be reached via her website at RealEstateTaxTips.ca IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:06 Cherry’s Golden Nuggets of Wisdom 5:41 Everyone Has a Different Criteria 8:47 Dealing With Multiple Joint Ventures 11:52 Financial Pressure of Losing a Loved One 15:47 Estate Planning 19:58 Life Insurance as Collateral 24:30 Taxes and Property 28:42 Liability Aspects 33:57 Cherry’s Blogging Journey 39:48 Who Would Cherry Want To Be a Hero To Get Connected With Cherry: Instagram: https://www.instagram.com/realestatetaxtips/ Facebook: https://www.facebook.com/RealEstateTaxTips YouTube:https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA

Wealth Without Bay Street EPISODE #130: On today’s episode of Wealth Without Baystreet, Jayson and Richard talk about how you can invest with your whole life policy loans and about interest deductions. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 00:29 Is Policy Loan Interest Tax Deductible? 3:09 Two Tracks You Can Take 5:28 Being an Honest Banker 9:36 Interest Write-Off 12:26 Know Your Options 16:56 Commercial Banks vs. Life Insurance Companies

Wealth Without Bay Street EPISODE 129: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about The Infinite Banking Concept and how Par Whole Life Insurance in Canada is the original Tax-Free Savings account. This is part two of the two part series, where Richard and Vernon get their rant on! IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:31 Insurance Has Good Value 4:48 Control the Process 6:42 Debt to Deposit Ratio 9:38 Tale of Two Dads 12:56 Passing Down a Policy 17:54 Getting Your Info From the Right Place 24:58 Choose The Most Equipped 26:45 What Insurance Companies Do Wrong 34:30 Product vs. Process 37:48 Why You Should Read Nelson’s Book

Wealth Without Bay Street EPISODE 128: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about The Infinite Banking Concept and how Par Whole Life Insurance in Canada is the original Tax-Free Savings account. This is part one of the two part series so we hope you stay tuned! IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:33 Misclassification of the Tax Free Savings Account 4:34 Easing Into Understanding IBC 7:18 TFSA vs. IBC 13:08 The Original Tax Free Savings Account 19:15 Don’t Be a Poor Planner 25:28 Anything Can Happen 35:42 You Can Start Anywhere

Wealth Without Bay Street EPISODE 127: Today’s episode features Henry Wong again. Henry is a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today he uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid. Henry chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. He now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:03 Separating Yourself From The Two Systems 4:54 How Much Tax Does An Average Canadian Family Pay 8:30 The Five D’s 10:04 Using Time To Your Advantage (Defer) 12:38 Misconception of the Lower Tax Bracket 16:19 Design of The Canadian Tax System (Design) 20:47 Defining Your Income (Define) 26:38 Dividing the Income (Divide) 35:38 The Disconnect (Disconnect) 42:15 Other Products Considered Income

Wealth Without Bay Street EPISODE 126: Featuring on today’s episode is Mike Everett, one of the most passionate people you’ll ever meet about The Infinite Banking Concept, commonly known as IBC. As an Authorized Practitioner, the ONLY thing Mike does is help people learn, understand and utilize the unbelievable power of The Infinite Banking Concept through dividend-paying whole life insurance. As a result, he’s had the honor of becoming one of the premier IBC Coaches & Teachers in the country. One of Mike’s main goals is for you to utilize his knowledge and personal experience to enhance and grow your wealth systematically. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:15 Mike’s Enthusiasm For IBC 5:12 Don’t Read BYOB After 9pm 10:00 The Book That Has Everything You Need 15:48 17 Years of Paying Premium 19:24 You Are Likely To Screw Up Your Plan! 26:12 Nelson’s Advice To Mike 33:27 Journey Of Learning Never Stops 39:52 Simple But Not That Simple 47:26 Who Would Mike Want To Be a Hero To Get Connected: Life Success & Legacy: https://lifesuccesslegacy.com/ Contact: [email protected]

Wealth Without Bay Street EPISODE 125: Featuring on today’s episode is Tim Yurek, the founder and CEO of Tier 1 Capital, a leading national financial consulting firm. Over his 35+ year career, he has worked with thousands of families across the country helping them achieve their financial goals – like sending their children to college, purchasing a new home or property, planning for business succession and successfully navigating their way through all stages of their financial journey. As the CEO of the company, Tim plays a foundational role in supporting the business. Everything from designing financial plans to identify funding sources to implementing these plans to secure funding. All of this work is powered by the unique application of Tier 1 Capital’s Growth Process. Tim’s promise to clients is to help them truly experience financial freedom by using strategies that minimize risk, increase accessibility, and put them in control of their money. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:25 Tim’s Time and Journey With Nelson 8:15 Looking Back – From 1997 to 2022 11:09 Going Back to the Basics 13:47 Don’t Knock It Till You Try It! 16:52 How Has IBC Evolved Over Time For Tim 21:30 Learning To Manage Finances 26:23 Tim’s Advice to You 30:49 Communicating the Process 33:47 Never Too Late to Start – Nelson’s Start 40:25 Investing For Future Generations 49:31 Who Would Tim Want To Be a Hero To Get Connected: LinkedIn: https://www.linkedin.com/in/timothy-yurek Contact: https://financialprofessionals.massmutual.com/timothy-yurek Tier 1 Capital: https://tier1capital.com/about-us/

Wealth Without Bay Street EPISODE 124: Featured on today’s episode is Henry Wong, a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today Henry uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid. Henry chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. He now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:47 Insurance is Tied to Your Citizenship and Residency 8:05 Canada vs. U.S. Exempt Rules 10:18 Getting Canadian Insurance as a U.S. Citizen 12:29 Estate Tax 17:05 American vs. Canadian Tax System 21:08 U.S. Exempt Test 28:51 Identifying the Problem and Finding the Solution 30:14 Having a Canadian Citizen Beneficiary 31:16 Imposing Excise Tax 34:42 Tips For U.S. Citizens 40:10 Irrevocable Beneficiary 46:09 Cutting Ties With Canada

Wealth Without Bay Street EPISODE 123: Joined on today’s episode is Justin Craft, President of Nowlin & Associates, a leading wealth management firm with over 40 years history in the Birmingham area. Recognizing the change in the economic environment in 2008, Justin facilitated the business model change at Nowlin and Associates from a traditional wealth management firm to one that offers educational based introductions to current financial topics. He is a regular on radio talk shows, has hosted over 300 educational workshops and manages the company's training program. Recently he was elected to serve as chair for the nationally recognized Field Advisory Cabinet for Ameritas Financial Corp. He is passionate about financial education and his home city Birmingham and the city's potential. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:54 Justin’s Journey With IBC 7:01 Justin’s Relationship With Nelson 15:10 Looking Back At The Year and Growing 17:19 Get Back to the Basics 22:25 Be in the Banking Business 26:28 Be a Team Player 31:13 How to Help People Who Struggle With the Idea of IBC 35:33 Who Would Justin Want To Be a Hero To Get Connected: LinkedIn: https://www.linkedin.com/in/justin-craft-b11a0019/ Website: https://www.nowlinwm.com/node/1094 E-mail: [email protected]