BYOB Book Review Part 1 | The Disciplines Required for Becoming Your Own Banker by Nelson Nash

If there's one book you can read to help improve your financial acumen, it's Becoming Your Own Banker (BYOB) by R. Nelson Nash. This book is not about investments of any kind. Instead, it's about how one finances the things in life. It's about making your money work for you.  One famous quote by R. Nelson Nash is, “The very first principle that must be understood is that you finance everything you buy–you either pay interest to someone else or you give up the interest you could have earned otherwise.” Many people have asked Russ and Joey to bring back the BYOB series, so here it is. You get to hear them discuss R. Nelson Nash’s legendary book and its powerful concepts every week. This episode is Part 1 of an 18-Part Series. 

Top 3 Things You’ll Learn:Why you must understand how banks run their business The power of cash flow and how it can help you become your own bankerThe value of investing in yourself and working with a mentor

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. 

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

Wealth Without Wall Street Episode 70 - The Hierarchy of Wealth https://www.wealthwithoutwallstreet.com/podcast/the-hierarchy-of-wealth

The REal Advice Podcast: https://podcasts.apple.com/us/podcast/real-advice/id1562327216

The Backwards Bicycle:  https://www.youtube.com/watch?v=CqwfGUhYBEA

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

Turn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS 

Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quiz

Discover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passport

Apply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

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