Dollars and Nonsense

In this episode, we welcome back special guest Ray Poteet. Together, we'll take you beyond the numbers of infinite banking and share some personal testimonies of what infinite banking has allowed us to do that we would not have been able to do or experience without our policies.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e###

Topics Discussed:

• When you move beyond thinking of needs
• How Ray's life has changed since discovering and mastering IBC
• How Holly's life has improved with IBC
• How Nate's life is enhanced with his use of IBC
• What big purchases and vacations look like
• When spending doesn't mean losing money

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 two most significant flaws in planning for retirement. We'll also reveal why we believe the conventional concept of retirement is actually detrimental to your goal of becoming financially successful.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e105

Topics Discussed:

• What is the "Retirement Trap" described by Nelson Nash
• Planning around a future with increased government taxation, spending, and deficits
• Why Social Security is a ticking time bomb
• Why the wealthy do not invest in 401k's
• How to change how you think about retirement in a meaningful way
• Rabbi Lapin's wise words on retirement

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 two most significant flaws in planning for retirement. We'll also reveal why we believe the conventional concept of retirement is actually detrimental to your goal of becoming financially successful.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e105

We share the best thing you can do with your money. All of us want to be good stewards of our money and want our money to be working hard for us. But in the financial world, there is no one-size-fits-all strategy.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e104

All of us want to be good stewards of our money and want our money to be working hard for us. But in the financial world, there is no one-size-fits-all strategy.

Everyone wants to figure this out; it's a huge question and concern for most of us. Today, we dive in to share our experience and insight.

Topics Discussed:

• 401ks, the good, the bad, and the ugly
• IRAs and how they can benefit you or fail you
• The stock market
• Dispelling and breaking down the one-size-fits-all financial strategy (one-size-fits-no-one well)
• How to determine what you really want your money to do for you
• How policies can fit into your strategy and when they make sense
• The level of control various strategies afford you
• Comparing and contrasting the level liquid (i.e., easily accessible) of different options
• Making more work more than one job for you
• When infinite banking adds up 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/

Founder Ray Poteet joins us to share his wisdom on building generational wealth using Infinite Banking.

Sign up for the free course Holly and Nate made for you here:

https://livingwealth.com/secretbanking

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e###

Topics Discussed:

• An overview of Ray's family banking structure
• Why the death benefit is a much less interesting aspect of whole life policies
• Keeping money within the family (instead of going to the banks)
• The more creative and flexible options private family finance provides
• What it means to recirculate money within a family
• When the death benefit does come into play and what it means

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 explains the difference between direct recognition and non-direct recognition policy loans and how they impact your policy as you practice 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/e102

There are many misconceptions out there in the debate over direct versus non-direct recognition. We're here to share the truth to help you make a better decision regarding your infinite banking policy.

A quick forewarning to all listeners: this isn't a good starter episode if you are relatively new to this podcast or infinite banking. We'd suggest starting with one of the more general episodes. We're going to tackle a particular subject that is deep in the weeds.

Topics Discussed:

• What is direct recognition and non-direct recognition policy loans
• Mutual life insurance
• The big myths and why they're dead wrong
• What Nelson Nate really thought about the two options
• Is one better than the other
• Which one is right when
• Which one is right when in a strategy of stacked policies
• What actually matters when determining whether or not a policy is right 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/

Today, we discuss the most common questions we receive from people thinking of starting an infinite banking policy. These answers apply whether considering your first policy or adding a new policy to their system.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e101

We work with and give personal attention to many clients. That's not to brag; it's for context. This amount means we field and answer tons of questions from people new to IBC and experienced users. Over time, we've discovered there is a core collection of inquiries folks have. Today, we share those answers with you in this episode. Tune in!

Topics Discussed:

• Who does this work for?
• What do I need to do to get started?
• When is the best time to start using Infinite Banking?
• Should I start now, or should I start later?
• What is the opportunity cost to waiting?
• What is the right financial level to begin with?
• How much do I need to invest to proceed and receive help?
• How does existing debt fit into the picture and timing?
• When should I start my next policy?
• Can IBC be used for home purchases?

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 will discuss how easy it is to get your ears tickled by rates of return. We'll also share how to focus on the fundamentals behind an investment, and also why the rate of return mentality should not follow you into the world of 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/e100

We have spoken about today's topic before: rate of return. We've attacked it a couple of different ways, but we wanted to revisit it because it often comes up. We discuss it regularly in our discussions with clients, and it's just prevalent across the financial sphere in general.

Tune in for an illuminating 100th episode!

Topics Discussed:

• Your 401k and your real rate of return
• Investing mindsets to reveal truth
• The rate of return in whole life insurance policies
• The true rate of return from CDs
• Differences between typical investment and infinite banking
• The basics of compounding interest
• How Warren Buffet avoids getting his ears tickled
• Leveraging infinite banking to pay for things big and small, now and in the future

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 break down the three financial barriers that try to keep you from becoming wealthy. And we'll also discuss how you can put hundreds of thousands of dollars back in your pocket, simply by making a few changes to your financial plan.

In other words, there's some simple changes and you can immediately start becoming more successful with your money.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e99

Topics Discussed:

• Identifying and overcoming the insidious "status quo syndrome"
• How conventional retirement programs (IRAs and 401Ks) keep you in financial status quo
• The best tools for passive income
• How passion for your financial wellbeing drives forward movement
• Keeping control of your money instead of turning your future over to someone else
• Using systems to build wealth today and generational wealth
• What it means to think like a banker
• How banks view money and keep it 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/

In this episode, we will discuss the criteria you should use when deciding which company is best for practicing Infinite Banking. We'll also discuss why life insurance policy illustrations can be deceptive. And what will be the biggest determining factor in your success as an infinite banker.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e98

There are many questions people have when they first start with IBC. The big one is a direct look at numbers. However, the numbers alone do not show the full picture. It may sound counter interruptive, but we'll break it down for you in this episode.

Topics Discussed:

• The most common questions folks new to infinite banking ask
• The counter interruptive perspective for starting out
• Things to look for beyond the pure numbers when evaluating
• Reviewing an insurance company's longevity
• Determining the insurance company's preference for and understanding of infinite banking
• The unexpected (yet consistent) problems that can arise from working with a company unfamiliar with IBC
• What to look for, and watch out for, when picking the right agent

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/