Dollars and Nonsense

In this episode, we discuss how infinite banking is not a get out of debt system and why that thinking easily confuses both the novice and the experienced infinite banker.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e136

Topics Discussed:

• Is debt elimination the real point of the Infinite Banking Concept?
• How it is fundamentally a banking system
• Being a customer of a bank vs. being your own bank advantages
• The counter-intuitive what of making a profit off of expenses

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discussed the advanced life insurance strategies that the wealthy have been using for years. Whole life insurance is one of the most commonly used assets for high net worth individuals, from executive-level compensation packages to transferring large estates. We wrap up by discussing how the infinite banking concept is the one strategy that can be utilized by anyone, regardless of their economic position.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e135

Topics Discussed:

• Uncovering how high network individuals use IBC
• The strategy Jim Harbaugh, coach of the University of Michigan
• Why the death benefit is the least interest aspect of a whole life insurance policy
• What is premium financing and how does it work
• How to use irrevocable life insurance trusts to beat the death tax
• Why Walmart was taking out COLI policies on all their employees

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how focusing on the rate of return can be very misleading. We'll also share how using the infinite banking process can help you make more money on every investment opportunity that comes your way.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e134

Topics Discussed:

• What rate of return is often abused by people offering investments
• How rate of return can be helpful and sometimes deceptive
• Games played with the average rate of return that can trick you
• Factoring risk into the equation
• How IBC is a banking strategy and why it is not an investment
• Understanding the real goal of the infinite banking concept
• The ways IBC differs from investment opportunities
• How infinite banking can enhance rate of return

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the economic fact that you finance everything you buy, even when you pay cash. We also demonstrate how you can profit from everything you purchase using the same strategy and tools of some of the wealthiest people in recent history.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e133

Topics Discussed:

• A fundamental tenant and Infinite Banking
• Unpacking Nelson Nash's work
• Why everything we purchase is actually financed
• Building capital vs. capital expenditures
• Understanding opportunity costs
• How and why IBC policies facilitate becoming your own banking
• The interest cost to every decision that you make
• How compounding interest in policies outpaces loan interest rates against policies
• Why compounding assets always win
• Why Mark Zuckerberg borrowed money to buy his house when he's got billions
• Leveraging money so it can continue to compound in a tax-free environment

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e132

Topics Discussed:

• Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you
• Why no other financial product affords you the ability to be your own banker
• Modified Endowment Contracts
• Context from the history of whole life insurance policy regulation
• The folklore of a guaranteed 4% and what it really means
• How to think about the death benefit vs. the living benefit of policies
• Understanding guaranteed cash values
• Comparisons of IBC against other financial products

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e131

Topics Discussed:

• Basics of IRS code as it relates to whole life insurance
• The goal of IBC
• Using is life insurance policies with mutual paying companies
• A brief history of life insurance
• The impact of Section 7702 of the Internal Revenue Code
• Understanding the modified endowment contract (i.e., MEC)
• What happened with a base guaranteed interest rate of 4%
• Cash values vs. death benefits
• The "big change is coming," marketing tactic tickling some ears
• Increasing the flexibility and consumer-friendly nature

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss one of the most commonly asked infinite banking questions. When should I use my policy to pay for something, and when should I use cash?

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e130

Topics Discussed:

• Should I borrow from my whole life insurance policy or use cash?
• Can I borrow from my whole life insurance policy?
• What it means to become your own banking and why it matters
• Understanding the two basic ways you pay for something
• The fundamental problem Infinite Banking attempts to solve
• The real costs of paying cash
• Is cash really king?
• How money in motion makes more money
• Why compound interest is like magic
• Example expenses you never thought you could use policy to pay for, but can

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e129

Topics Discussed:

• How long do you normally want to be putting money into premium?
• What is the least timeframe to see dividends and benefit from compounding interest?
• How to understand when something is not a true liability or money loss from payment
• Why your money should always be in motion rather than stagnant
• When to use an automatic premium loan
• Can an IBC Policy pay for itself?
• How long do we typically pay a premium?
• How should we consider premiums?
• What are the options if I do need the policy to pay for itself?

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how you can determine whether or not it makes sense for you to invest in a 401k. This speaks to the more common question people have of, "What should I be doing with my money?"

Not everyone is the same or in the same place. So, it can make sense for some people to put money in it, whereas other people should really steer clear from it. Today, we provide simple ways to make the best investment decision for you and your family.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e128

Topics Discussed:

• How to tell if a 401k is right for you
• When should you stop contributing to a 401k
• Considering future taxation and the probability of rates going up
• What to know and think about when it comes to matching
• The fees to be aware of and watch out for
• How to factor age into your decision matrix
• Is a 401k worth it

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the five human natures that limit our ability to succeed financially. These impact us when it comes to the Infinite Banking Concept especially.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e127

Topics Discussed:

• How Nelson Nash described the five human natured holdings you back
• Understanding Parkinson's Law
  • how expenses tend to rise to match income
  • when luxuries become necessities
• Using the concept of opportunity cost to make wise decisions
• Seeing the default option is often the worst option for you
• How traditional financial products set you up for more taxes than you realize
• When control of your money is an illusion
• Understanding Sutton's Law
• Knowing when you're making the rules and when you are playing by someone else's
• The arrival syndrome and now it impacts your wealth
• What use it or lose it means when it comes to your money and how to make your money move
• How paying yourself first eliminates many of the sneaky rats eating up your finances

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/