Dollars and Nonsense

In this episode, we discuss the most common advanced questions we receive from our existing clients and others that already have experience with infinite banking.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e116

Topics Discussed:

• Now that I have a policy, what do I do next?
• What do most people use their policies for and what can I use it for?
• When does it make sense and when does it not make sense to use a policy to pay for things?
• When does using more than one policy make sense?
• How much premium should you really be paying?

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 answer the most common questions we receive from individuals who are just starting out on their infinite banking journey. These are the wonderful beginner questions nearly everyone has.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e115

Topics Discussed:

• What fuels and grows the policies?
• Understanding compounding interest?
• How do policy loans work?
• What can you buy with a policy loan?
• What limiting factors and MEC limits are
• What paid up addition riders do for you

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 ton of misconceptions that banks want you to believe about mortgages and interest rates. We'll share what you ought to be doing instead.

Get instant access to our FREE How to Really Make Your Home Mortgage Work For You presentation here now:

https://livingwealth.com/mortgage/

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e114

Topics Discussed:

• Why banks keep you in the dark
• Basic truths about the math of home mortgages
• Why paying a mortgage off early may not be in your best interest
• Questioning whether a home really is an asset or not
• What Robert Kiyosaki says about assets and the best way to define them
• What low-interest rates are really good for
• Why 15-year mortgages look "cheaper" than 30-year mortgages
• How to think about the value of current versus future dollars
• How to put your money to work for you instead of the bank

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 what we can all learn about the right ways and the wrong ways to build sustainable wealth in light of the recent GameStop fiasco.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e113

The GameStop stock price has been on a tear, going wild for the past couple of weeks, increasing value by orders of magnitude. It was all based on a Reddit forum, essentially seeing that the Wall Street gurus were all shorting GameStop. They were shorting it because they thought that GameStop would lose a bunch of value. The company was experiencing a challenging time navigating as a business due to the results of the pandemic. GameStop is a video game retail outlet that mainly lives in malls, a type of retail outlet walloped by the pandemic.

We share our thoughts on the big takeaways from the events.

Topics Discussed:

• The backstory on GameStop, the short-sellers, and Reddit
• What made main street investors deeply want to stick it to Wallstreet
• Exploring what strategies build sustainable wealth and those that don't
• Understanding what examining if a firm produces real value for the market and why that's important
• How to know when you're gambling vs. investing

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 will discuss the best ways for you to introduce your family and friends to 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/e112

Topics Discussed:

• Why the IBC concept can be hard to grasp at first blush
• Personal stories from the hosts
• How to start slow, simple, and staying out of the confusing weeds
• When being too close to the person your speaking to can cloud the conversation and how to fix this
• Using easy to understand analogies
• When it is time to make an introduction and let a trusted pro explain
• Taking the perspective of informing vs. preaching a single path
• Sharing books and other resources

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 reasons why you should not be deferring taxes into the future due to the current tax and political environment. We also share how you can avoid paying too much in tax to the Internal Revenue Service.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e111

Topics Discussed:

• The implications of a changing political climate and party control
• How to determine the probability taxes will go up or down
• A brief history of taxation in the United States
• The best perspective to adopt for thinking about the future of taxes to save you later wallet burn
• What may happen to your contributes in conventional IRAs and the like

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/

We discuss the concept of self-insurance often peddled by many self-proclaimed financial gurus. We'll also share how the economic value of certainty can improve the quality of your life.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e110

Topics Discussed:

• Dave Ramsey, Susie Orman, and others peddling self-insurance
• Concept overview
• Problem one with the concept: You wouldn't do this under comparable conditions
• Problem two with the concept: Opportunity loss
• When business owners lose out
• Thinking long-term by thinking generational wealth

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/

How to use policy loans is one of the most common questions we receive. This includes why someone would even want to take a policy loan and pay interest. At first blush, it may seem counter-intuitive when trying to build wealth. So, in today's episode, we discuss how policy loans work.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e109

Topics Discussed:

• What are policy loans and why would you use them
• What it means to become your own banker
• Who gets the interest that you pay
• When does it make sense to borrow against your policy
• What's the best way to repay a policy loan

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 answer common questions about modified endowment contracts. What are they? How do they apply to infinite banking policies? Does it ever make sense to own a policy that is classified as a modified endowment contract?

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

For free transcripts and resources, please visit https://livingwealth.com/e108/

Then if you've been around the neighborhood of infinite banking, you've probably heard the term MEC or modified endowment contract. You might be wondering, what this means. In this episode, we deep dive and share all you need to know.

Topics Discussed:

• What modified endowment contracts are exactly
• What MEC has to do with Taxes
• How they fit into your overall policy construction and strategies
• Does the policy really grow tax-free
• When a MEC must be created to do its job for you
• When it makes sense to implement a Modified Endowment Contracts
• When it makes sense to NOT implement a Modified Endowment Contracts

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, Holly and Nate discuss the three keys to being successful at infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e107

Topics Discussed:

• What it means to not fear capitalization
• The biggest mistakes people make with capitalization
• How far can capitalization really go
• What it means to make your money move and work multiple jobs
• Using the two pockets metaphor correctly
• How to seek opportunities for investment and keep money moving

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/