BYOB Book Review Part 14 | Cost of Acquisition and Can I Get a Higher Rate of Return?

Have you ever considered the actual cost of your purchases? When you spend $100, $500, or any amount, are you really only spending that amount? No. You must also consider time, speed, and control, especially when buying a high-value item and borrowing money to fund it. To fully understand the importance of knowing the real cost of acquisition and getting a higher rate of return for your money, tune in to today's conversation.  In response to the requests to bring back the BYOB series, Russ and Joey continue their book review of Becoming Your Own Banker by Nelson Nash. 

This episode is Part 14 of an 18-Part Series. 

Top 3 Things You’ll Learn:The true cost of buying somethingHow to reduce your cost of acquisition by becoming your own bankerHow to get the most efficient storehouse for your money

About R. Nelson Nash: R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. 

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That Which is Seen, and That Which is Not Seen by Frédéric Bastiat: https://www.amazon.com/That-Which-Seen-Not-Bastiat/dp/1947844334

Economics in One Lesson by Henry Hazlitt: https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232

Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall

Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

The Infinite Banking Concept Explained by a CFP: https://www.youtube.com/watch?v=sVuexMv6Kf4

IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy: https://www.youtube.com/watch?v=h4rugVZkajc

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