Wealth On Main Street

Wealth Without Bay Street 187: How to Prepare for Future Financial Windfalls When the inevitable occurs and death comes knocking, there's something called a death benefit that you should know about. This benefit is completely tax-free, comes in the form of large money, and Nelson Nash wisely referred to it as a future windfall. So, we want to ask all of you: How well-prepared are you for the inevitable? And how ready are you to handle these future windfalls? Have you ever thought about it from a different perspective? Are you even aware of the best approach to deal with […]

Wealth Without Bay Street 186: Whole Life Policy Design: What You Need To Know In Becoming Your Own Banker, page 38, Nelson Nash describes the attributes of a whole life policy that would be ideal for The Infinite Banking Concept. Unfortunately, most of us have been taught to see insurance as something we should contribute as little as possible to, while expecting maximum benefits from it. However, it's time to think of a different approach and redefine what PREMIUM should mean for you! The premium when designed correctly is the solution to many of our financial problems. WATCH: Whole Life […]

Wealth Without Bay Street 185: What is an Infinite Banking Policy? There is no such thing as ‘Infinite Banking Policy.' You may hear this everywhere on the Internet. Statements such as “here is how to get yourself an ‘Infinite Banking Policy.' These are three words put together a lot that never should be. Why, you ask? Because there's no such thing. Certainly, the call needs to be raised to our colleagues and fellow IBC practitioners, and we should be mindful of our language to educate our clients. More importantly there is many out in the marketplace with a microphone “claiming” […]

Wealth Without Bay Street 184: Should I Use RRSP Matching? From the time Canadians land their first job, they're commonly directed to invest in the Registered Retirement Savings Plan (RRSP) as a savings strategy. Interestingly, while it may seem that we're being nudged to place our money into this program by the people around us, the marketers, and the economic environment we live in – there's more to the story. Depending on your income bracket, using the RRSP in connection with your employer's matching program might not be greatly advantageous. That's because you may actually end up incurring higher taxes, […]

Wealth Without Bay Street 183: Learn, Earn, and Build a Legacy with IBC We absolutely admire working with individuals who approach life with respect, have strong family values, an active mindset, eagerness to learn, and openness to coaching. One of our awesome clients, Thomas Eade, is a constant source of inspiration. He always finds a way to invest in furthering his own learning given the nature of his work where he is always on travel and generally not home all the time with his family – undeniably a commendable initiative. Sadly, not everyone is ready to make this kind of […]

Wealth Without Bay Street 182: Invest In Your Most Valuable Asset Looking for unique ways to guard and grow your wealth, just like the top 1%? Dave Wolcott suggests that Infinite Banking is one alternative wealth strategy you should definitely pay attention to. This serial entrepreneur and ex-marine captain has come on board to discuss the major money concepts in his book “The Holistic Wealth Strategy, a Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life.” Check out this amazing new episode! Give it a listen, it's truly powerful! WATCH: INVEST IN YOUR MOST VALUABLE ASSET […]

Wealth Without Bay Street 181: Is Your HELOC A Ticking Time Bomb? Is your home equity line of credit (HELOC) potentially a ticking financial bomb? We sure hope not! Today, we're chatting with Henry Wong about some of the uncertainties in the HELOC market that's been noticeable in the Canadian landscape. We find ourselves navigating […]

Wealth Without Bay Street 180: Clarifying The Marketing Language Of Infinite Banking Everyone should be aware, especially our clients, what the Infinite Banking Concept is. Many practitioners sensationalize the message. The idea isn't about ‘beating' the bank, it's about becoming the banker. What you're doing is stepping into one of the four roles outlined […]

Wealth Without Bay Street 179: Estate Freeze with Richard Canfield & Henry Wong One thing that many people often forget is that we don't know when our best before date is. It's actually really important to be prepared for the unexpected by taking care of tax, estate and insurance planning, and ensuring the set up […]

Wealth Without Bay Street 178: Cash Follows The Leader – Finding The Money To Start IBC You might be wondering, “How on earth can I find the money to start my infinite banking journey?” Here's the deal: you make money, you spend it, you make more money, and you spend it again. With this cycle […]

Raising Private Money: Insights from Jay Conner, Richard Canfield & Jayson Lowe In episode 177 of the Wealth Without Bay Street podcast, hosts Richard Canfield and Jayson Lowe dive deep into the world of private money, a crucial aspect of real estate investing. Joining them is guest Jay Conner, an expert in private money lending and raising capital. This episode offers valuable insights into private financing, attracting private investors, and the art of securing private equity for business ventures. Understanding Private Money Lending Private money, as explained by Jay Conner, is fundamentally different from traditional lending sources like banks and […]

Wealth Without Bay Street 176: Cash Follows The Leader – The Foundation Of The Policy The more you explore the Infinite Banking Concept, the more opportunities for growth you will discover. It's one thing to gain control of your money – maintaining it is another. Chapter 2 of Cash Follows the Leader is where we […]

Wealth Without Bay Street 175: Cash Follows The Leader – Power of Control If you're new to exploring the Infinite Banking Concept, it's essential to understand the ins and outs of the process. We cover this in full in the book, Cash Follows the Leader. In Chapter 1, we reviewed how this system works using […]

Wealth Without Bay Street 174: When Do You Need to Set up Your Hold Company? with Henry Wong Every Canadian entrepreneur thinks of minimizing the level of exposure of their operating company. To achieve this, you can establish a holding company wherein funds can be moved outside the operating company and help cushion your capital […]

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