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On today’s episode, Darren and Christina are back with another installment in the Becoming Your Own Banker series and they’ll be covering page 68. On this page, Nash talks about the cost of financing vs. the cost of acquisition, why it’s so important to know the difference, and of course, how this all applies to the infinite banking concept!

Show notes:

00:00 - Introduction

00:40 - The cost of financing vs. the cost of acquisition

5:45 - Managing and valuing your time properly

11:45 - How this all applies to the infinite banking concept

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On today’s episode, Darren is pleased to be joined by guest Patrick Francey, CEO of REIN Canada and Host/Creator of The Everyday Millionaire Podcast. The two chat about how Patrick got started in entrepreneurship, why it’s important to treat real estate investing like a business, the importance of strong company culture, as well as commentary on certain government policies aimed to alleviate the current housing shortage facing Canadians among other things. Tune in now!

Show notes:

00:00 - Introduction

1:10 - How Patrick got started on his entrepreneurial journey

3:45 - Patrick’s take on mindset

10:10 - Treating your real estate investing like a business

13:10 - The importance of good culture in business

25:05 - Using data to make important real estate investing decisions

30:05 - How effective are government policies that aim to make housing more affordable for everyone?

33:15 - What people should look for in a tenant screening

38:00 - Determining rental demand before investing in a property

45:10 - Advice for a new real estate investor

FIND PATRICK ON:

INSTAGRAM: https://www.instagram.com/pfrancey/?hl=en

LINKEDIN: https://www.linkedin.com/in/pfrancey/?originalSubdomain=ca

WEBSITE: https://theeverydaymillionaire.ca/

X: https://x.com/pfrancey?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

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On today’s episode, it’s the August update! Darren and Christina discuss the new interest rate, where the Canadian dollar stands, some interesting stock market and bitcoin news as well as a breakdown of Canada’s progressive tax system. Here’s a little hint, the wealthy pay more tax than you think! 

Show notes:

00:00 - Introduction

00:35 - Bank of Canada and interest rates update

4:15 - Canadian dollar update

5:10 - Stock market update

5:45 - Bitcoin update

7:30 - Real estate update

13:20 - Economic news - Breaking down Canada’s progressive tax system

16:40 - Life insurance industry news

20:40 - Control and Compound news

23:25 - Control and Compound podcast news

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On this week’s episode, Darren and Christina are breaking down retirement benefits and plans in Canada vs. the USA including RRSP vs. 401(k), TFSA vs. Roth IRA, and of course they compare the similarities and differences between infinite banking in Canada and in the USA. Tune in now!

Show notes:

00:00 - Introduction

2:40 - RRSP vs. 401(K)

6:40 - TFSA vs. Roth IRA

8:00 - Canada Pension Plan (CPP) vs. Social Security

13:05 - Infinite banking in Canada vs. USA

15:45 - MTAR line vs. MEC line

17:55 - Does infinite banking work better in Canada or the USA?

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On today’s episode, Christina and Darren break down the 3 steps you need to take to successfully implement the infinite banking concept including educating yourself, learning about the concept and where to save your money, how to take advantage of opportunities and investments to multiply your money, and stressing the importance of repaying back your loan. They also have a bonus step at the end so stick around and check it out!

Show notes:

00:00 - Introduction

1:45 - Learning about the infinite banking concept and where to save your money

6:00 - How to be your own bank

8:00 - Private lending example

11:10 - Repaying your loan

13:20 - BONUS STEP

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On today’s episode, Darren and Christina are breaking down why you need high cash value life insurance to have a stress free retirement with more money and more freedom to spend that money. The two break down the major risks we face in retirement (including inflation and taxable income) and how a high cash value life insurance policy can mitigate these risks. Tune in now!

Show notes:

00:00 - Introduction

1:35 - The major retirement risks that people worry about

3:20 - Mitigating risks with high cash value life insurance 

6:40 - Breaking down the death benefit

12:10 - Having too much taxable income in retirement

13:30 - Affording long term care facilities

15:50 - Protecting yourself from inflation

16:45 - Longevity protection

18:50 - Traditional retirement plan vs. high cash value life insurance policy

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On today’s episode, we’re doing an audience request episode! Darren and Christina are breaking down what they would tell their younger selves if they knew then what they know now! They chat about the importance of investing in yourself, avoiding things like lifestyle inflation and bad credit, as well as why you need to understand how to compound and control your money properly. This was an incredibly informative episode, tune in now!

Show notes:

00:00 - Introduction

2:45 - Investing in yourself

7:45 - Creating assets vs. liabilities

13:00 - Avoiding lifestyle inflation

14:55 - Building good credit

22:20  - Understanding compound interest

27:15 - Controlling your money the right way

33:30 - Summary

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On today’s episode, Darren is joined by Shane Unruh, Founder and CEO of XS Asset Management, a vertically integrated asset management company that identifies, purchases and manages large scale multifamily apartments. Darren and Shane talk about how Shane got into the multi-family business, how he started his company, the challenges and success stories, as well as where he sees market trends going in Alberta and Canada at large. Tune in now!

Show notes:

00:00 - Introduction to Shane Unruh

1:45 - Current state of the multi family market

3:35 - Average rent in Edmonton

7:20 - Challenges of getting into multi family real estate

9:40 - What does an investment with Shane and his team look like?

13:10 - How much leverage and amortization on a typical property?

14:25 - Breaking down the CMHC

17:15 - Interest rates comparison

17:50 - Shane’s approach to managing properties

20:00 - Multi family real estate trends

22:25 - Upcoming niche markets

26:35 - Success stories from Shane

29:15 - Advice for new multi family real estate investors

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FIND SHANE ON:

WEBSITE: https://xsassetmanagement.com/home/

INSTAGRAM: https://www.instagram.com/shaneunruh_/

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Happy Canada Day everyone! On today’s episode, it’s the July update! Darren and Christina chat about the new interest rate announcement and what they expect for the rest of the year, updates on the Canadian dollar, stock market, and real estate market, as well as industry news and some exciting Control and Compound news! Tune in now.

Show notes:

00:00 - Introduction

00:30 - Bank of Canada update

2:50 - Canadian dollar update

3:20 - Stock market update

4:05- Bitcoin update

5:30 - Real estate update

8:00 - Life insurance industry news

9:10 - Economic news

11:20 - Dividend announcements

11:55 - Control and Compound news

14:10 - Control and Compound podcast news

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On today’s episode, Darren and Christina are breaking down the corporate insured retirement plan. We’ve had a lot of you request this episode so we’re excited to share our thoughts! Darren and Christina chat about how the plan works, what life insurance product it utilizes, as well as the tax implications, how to spend tax free in retirement, and why this plan can be so powerful!

Show notes:

00:00 - Introduction

1:00 - What is the corporate insured retirement plan?

6:05 - what product is used for this plan?

7:20 - What makes this plan so powerful?

11:10 - Tax breakdown

12:40 - Example of the plan in action

19:30 - Best ways to take income in retirement

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