Wealth On Main Street

David Stearns is Nelson Nash's son-in-law. In 2004, David was brought on by Nelson to help with the administrative side of Infinite Banking Concepts, and went on to lead the company to continue the IBC legacy. David oversees the distribution of Becoming Your Own Banker and Infinite Banking Concept materials working to spread the message of becoming your own banker and educating audiences on how they can start practicing IBC. David has been the director of the Nelson Nash Institute since the formation of the Institute in 2013. He retired from the U.S. Army as a Lieutenant Colonel after serving for 27 years, first as a field artillery officer, then as an Army aviator. He is married to Kimberly Nash Stearns and has four children and eight grandchildren, living in Birmingham, Alabama. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:28 Launching “This Is Nelson Nash” film 8:01 How David Stearns understood IBC for the first time 11:26 About the Nelson Nash Institute 15:40 The growth of IBC advisors and practitioners through 2020 30:48 Understanding the importance of policy design 33:36 Sharing IBC with family members 42:43 Developing a system of policies 50:23 Who David would like to be a hero to

Back on the Wealth Without Bay Street’s Advisor series, Liz Lamond is an advisor with Ascendant Financial. She discovered IBC after investing in real estate through mortgages for many years and discovered a better way of managing the banking function in her life. Since then, she now helps her clients reduce the financial stress in their lives by guiding and coaching them through the infinite banking process. Getting to help people with a solution that works for their personal and business lives and makes a difference to their long-term planning and provides for their family's needs now and in the future. Liz came to IBC from the healthcare industry and now coaches her clients back to financial health. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:06 How Liz discovered IBC and her journey implementing it 7:38 The optimal mindset of clients that Liz loves to work with 10:22 What inspires Liz the most about IBC 13:37 The connection between financial frustration leading to freedom in IBC 17:56 Liz’s advice to potential IBC Advisors 19:52 The importance of being a learner through the IBC process 24:15 Who Liz wants to be a hero to

Would you like to retire with a million dollars saved up? Everybody has to have their savings and money reside somewhere. In today’s episode, we talk about the difference between a Whole Life Policy as compared to an RRSP for storing your million-dollar retirement. One of the things many Canadian citizens do not take into account is the tax dues, lack of control, and risk of market downturns that can adversely affect your retirement fund and become a major pain point for a person once they have retired. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:56 Retirement with a million dollars in an RRSP vs a Whole Life Insurance 9:56 The power of financial control with a tax-free account 16:37 Going into business with Revenue Canada 19:25 Canadian’s are tired of being overtaxed 21:38 Market dips in RRSP accounts

Do you want to learn the strategy to exponentially boost your sales? Elliott Bayev and Daniel Moskowitz take a combined 50 years experience in Brazilian Jiu-Jitsu and building 8-figure sales teams and bottle it up inside a powerful new International Bestselling book: Sales Jiu-Jitsu – The Secret Black Belt System for Champion Leaders. Elliott Bayev is a second degree black belt and has more than thirty years of martial arts experience with twenty-four in Brazilian Jiu-Jitsu. Daniel Moskowitz has been in sales for twenty-five years. Daniel currently serves as the director of sales at Advance Your Reach, which he helped grow into an eight-figure, privately-held company. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:02 About the Sales Jiu Jitsu Book 5:07 How to be a Champion Leader 11:09 The before and after Sales Jiu Jitsu 14:48 Pre fight strategy insights 20:40 How to win the fight 43:40 How to future cast and cement your win

Back on the Wealth Without Bay Street’s Advisor series, Sarbloh Gill is an advisor with Ascendant Financial. He was introduced to Jayson Lowe by a placement agency based in 2015 and was introduced to the book “Becoming your own banker – unlocking the infinite banking concept by Nelson Nash”. Six years later, Sarbloh is now an Infinite Banking Coach with expertise in implementing the process of becoming your own banker to help Canadians obtain the objective of paying off debt while creating wealth at the same time. He takes pride in coaching new advisors joining the Ascendant team as well. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:57 How Sarbloh discovered IBC 9:18 Sabloh meeting Jayson Lowe and joining Ascendant Financial 14:39 The optimal mindset of clients Sarbloh loves to work with 17:27 The impact of adopting IBC into your family and life 19:18 Sarbloh’s stories with Nelson Nash 23:00 Helping people discover the key problem 25:30 How Sarbloh loves serving his clients 27:51 How the Wealth Without Bay Street Podcast has helped many people gain knowledge and practice IBC

On today’s episode, Jayson Lowe and Richard Canfield talk about the importance of coaching while practicing IBC. The advisors at Ascendant Financial are passionate about coaching their clients through the IBC process. A new portal on the Ascendant Financial website has been launched to help clients learn and practice the process of Becoming Your Own Banker. With anytime, anywhere access, you can watch masterclasses, read client success stories and access a vault of valuable training and information on how to practice IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 4:33 Ascendant’s client online portal 7:33 The advantage of resources and support readily available 10:00 Practicing and planning IBC with your family long term 16:17 Having a coach to guide you through the IBC process 21:55 Visit https://dayofnelson.com/day to learn insight and wisdom from R. Nelson Nash 25:00 De-noise the financial noise around you

Are you paying too much tax? On today’s episode, we have the founder, president and CEO of MrTaxes.ca Inc. Robert Stone has been an income tax professional since 1983. Roberts career began in 1983 while still in high school where he was paid to complete his first tax returns for friends and family. Since then, Robert has formed www.MrTaxes.ca which is a Canadian based federal franchised accounting office which specializes in personal and corporate tax and includes other financial services such as financial planning, insurance, investments, mortgages and real estate. Robert has been a national presenter for www.CCH.ca, was a founding contributor for www.CTPCanada.ca, opened 42 tax service locations by 2015 and is currently leading the franchising efforts of MrTaxes.ca Franchising Inc. across Canada. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:53 The mission of Mr. Taxes 3:27 The overlooked ways of how to save tax 8:27 The process Robert helps support his clients with 12:21 The inspiration behind writing The Tax Savings Bible 16:46 Blindspots that Canadians need to be aware of 24:16 Tax advantages for business professionals to leverage 27:22 The issue with capital gains tax for everyday Canadians 29:38 Who Robert wants to be a hero to

Launching Wealth Without Bay Street’s Advisor series, Cole Snell is an advisor with Ascendant Financial. As a career entrepreneur, his work has spanned decades in the Health and Wellness and Specialty Food spaces. Recognizing the common bond of money in all businesses, Cole now aims his sights and passion on the financial industry. He truly has a passion for innovation. Serving people has become one of Cole’s motivations in life as he takes his clients through the same journey of discovering IBC as he went through. He feels the best way to serve others is through the blessing of financial literacy. His goal is to help people who break down the fear of finance. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:02 Cole’s discovery of IBC 5:53 How different life would be if Cole discovered IBC as an entrepreneur 8:09 The mindset Cole strives to develop as an advisor 10:27 What Cole is like outside of work as an advisor 12:21 Cole’s recommendation to people considering IBC 14:43 The journey of growth and learning through mentorship 18:37 Improving my level of awareness about IBC 20:44 The favourite moments in a client journey 22:10 Cole’s mission 24:01 Dealing with misinformation about IBC 27:33 Closing remarks for listeners 29:13 Who Cole wants to be a hero to

Get a headstart with IBC. Justin Dubeau started IBC at 25 years old and has now been practicing for 5 years. He works as an oil field operator at an oil field and has a wife and two children. On today’s episode, Justin talks about the benefit of starting IBC early on and being able to purchase life insurance policies not only for him and his wife but also for their two kids in order to ensure that he passes on a wealthy inheritance of knowledge and capital to his children. Death comes inevitably to us all, and having these systems in place can take care of the family financially and allow them to take the time to grieve. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:28 How Justin got started with IBC and how life has been since 3:15 The advantages from his first few policies 5:24 The ease of life when you have financial control 6:14 Is it really beneficial to use dividends to pay policy premiums? 11:44 Justin’s message to Wealth Without Bay Street listeners 14:40 The future is exciting when you are practicing IBC 16:09 The worry free life knowing that your kids will be taken care of 19:20 Policies setup for children help to transfer both capital and knowledge 26:49 Who Justin wants to be a hero to

Lawrence W. Reed became President of the Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. He previously served for 21 years as President of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time at Northwood University in Michigan and chaired its department of economics. He holds two honorary doctorates, one from Central Michigan University and Northwood University. Reed has authored nearly 2,000 columns and articles in newspapers, magazines and journals in the United States and abroad. He has authored or coauthored eight books, the most recent being “Was Jesus a Socialist?” and “Real Heroes: Inspiring True Stories of Courage, Character and Conviction”. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:21 The connection between liberty and character 10:36 The importance of personal responsibility in dealing with money 12:36 The power of the entrepreneur 21:57 Stories of remarkable entrepreneurs that have been forgotten 28:22 About Larry’s life and work 35:27 The risk of hyperinflation when expanding money and credit

Get your FREE COPY of THE AND ASSET FOR CANADIANS: www.andasset.ca Have you been led to believe that you have to choose between compounding interest or liquidity control when it comes to finances? In this episode, Caleb talks about the “and” asset which becomes the foundation to an individual's financial management and breaks them out of the trap of making “or” choices and having to compromise. After taking over the entire investment department of a bank by the age of 19, Caleb saw firsthand how 98% of North Americans were financially failing despite “professional” financial advising. After 3 years of travelling the country being mentored by the most successful financial minds, Caleb discovered a better way to build wealth. Leaving his prestigious position at the bank, Caleb founded the company BetterWealth, authored the best-selling book “The AND Asset”, hosts the Better Wealth Podcast, and speaks to thousands around the world. One of the youngest leaders in the industry, Caleb is quickly becoming The New Face of Finance. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 4:01 The inspiration behind writing The AND Asset 12:44 Caleb’s story growing up and reaching where he is now 16:59 The importance of having financial control in your life 23:34 The takeaways from The AND Asset 26:30 Sixteen ideal benefits to a great Asset 34:03 Caleb’s inspiration as an entrepreneur 37:33 Caleb’s message for Canadian’s listening to this episode

What are whole life insurance dividends? How do they work? What is the Dividends Scale interest Rate and how does it actually show up in a policy? These are great questions and you are in for a treat as Jayson and Richard go on a rant in a rare episode where they share the screens and show a sample life insurance illustration. They use this to debunk some myths about dividend rates and rates of return that are commonly referred to as financial noise out there in the marketplace. Learn what really matters in an insurance contract as they prove to you that it's the owners' behaviors that have the single greatest impact on the values in a policy contract and that the owner by their own efforts can increase the power of dividends they receive. Links From The Video: The Contribution Principle Dividend Policy https://www.equitable.ca/en/already-a-client/dividend-policy-2020/ Stock Company #1 – Dividend Policy https://www.sunlife.ca/en/explore-products/insurance/life-insurance/participating-and-adjustable-policyholder-information/dividend-policy/ Stock Company # 2 – Dividend Policy –https://www.canadalife.com/content/dam/canadalife/documents/insurance/par-whole-life-insurance/en/Policyholder_Dividend_Policy.pdf Fraternal Company # 1 Dividend Policy – https://www.foresters.com/-/media/foresters/documents/pdfs/en-ca/505125-can-us-uk-foresters-dividend-policy.pdf Actuarial Standards of Practice https://www.actuarialstandardsboard.org/wp-content/uploads/2014/06/asop015_134.pdf OSFI – Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders https://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/e16.aspx IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:11 Understanding deeper about Dividend Paying Whole Life Insurances 4:11 The misconception about interest rates 8:18 Dividend Paying Life Insurance Carriers: Mutual vs Stock 13:57 The contribution principle 21:31 Example 1 – Screen Share 47:50 Example 2 – Screen Share 58:24 The historic profitability and resilience of life insurance companies