Dollars and Nonsense

An industry insider and big wig joins Holly and Nate. He shares insights into how Whole Life has performed financially during the COVID-19 pandemic.

Get instant access to our FREE Secret Banking Masterclass here now: https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e97

We've received many questions from our clients since the pandemic began. They're asking how the insurance companies are doing during this crisis. To fully answer this request, Holly and Nate sit down with Dan Foley. He's the Senior Vice President Marketing for Security Mutual Life with nearly 40-years of experience in the industry.

Questions answered in Topics Discussed:

• How are policies performing?
• How insurance companies are doing in the pandemic and huge market fluctuations
• The impacts of COVID-19 on daily life and the industry as a whole
• What small businesses owners with policies are doing and how they help
• Why Dan is so proud of the industry
• The level of care they take in ensuring the investments
• The long view of the industry and financial markets

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 share valuable tips with special guests on breaking free from wall street.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e96

Topics Discussed:

• Who are Russ and Joey
• How they came to know and love Infinite Banking
• Who Nelson Nash was and what he taught
• Why both Podcasts exist and who they serve
• What IBC really is in a nutshell
• How it has evolved over the years

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 exactly how to build a proper infinite banking policy, and we answer the most common questions that we get about policy design.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e95

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

If you're new to infinite banking or researching this concept, there's so much that you can soak up. Nelson used to say, "There's a lot of noise in the financial world."

There are always people trying to buy your attention. Those people say they know something that other people don't. This state applies to infinite banking. There are many people out there who say they finally figured out how to do it the best. There are people out there who say it never works for anybody; don't touch it.

Today, we're taking the discussion back to the basics: the foundation of what makes a proper Nelson Nash, infinite banking policy. These are the aspects that need to be the core. We're going to share what you need to do to produce the best result. Simpler usually is better, and simpler puts you in more control. Get ready to learn how to maximize the infinite banking concept and do what's best.

Topics Discussed:

• Understanding the death benefit is great, but not the real point
• What is BOLI (Bank Owned Life Insurance) and why do the banks own so much
• Where to start
• Paid-Up Addition Rider
• Whether to put a term rider on the policy
• Tax considerations and setting yourself up to give away money to the government
• The 7-Pay Test
• The nuts and bolts of dollars and sense

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 why it's time to rethink how you use money, and how you can mimic the rich and how they use money and use it in your own personal financial situation.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e94

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• The conventional wisdom shared by "gurus" and parents
• When paying interest can make you more money (sounds crazy, we know)
• What it means to keep money moving and why idle capital is bad
• Hidden opportunity costs of using cash
• What it means to be asset rich and cash poor
• When it's a good idea to use other people's money and when it's not
• The magic of compound interest

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/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e93

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

We often mentioned that it's very safe. In fact, this is a guaranteed way to grow and that's part of the benefit of owning it. But it is true in times of crisis, which we've seen this year with the Coronavirus and the economic issues that have resulted from it, we do get asked more and more from people the reason why.

Join us as we discuss the things that make owning and utilizing whole life so great.

Topics Discussed:

• How Whole Life and IBC have performed during COVID and other historic events
• Major strengths of Whole Life
• Using it for investing in a layered system
• How US Mutual Life Insurers faired compared to their publicly held peers during previous economic downturns
• What it means to be a shareholder in a policy

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/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e92

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

It's incredible how things have changed over the generations. People try to conduct studies on different generations, whether it's Gen X, baby boomers, Gen Z, or millennials, to determine their spending patterns. They also seek to understand how they've been affected by society.

Weill, in this coronavirus era, we're starting to see why it is that the world wants us to be broke. Perhaps those in the inner circle of the machine want us to be broke because they're just trying to get us to spend all of our money.

The government is handing out "stimulus" checks right now. What do they want you to do with it? SPEND IT ALL!

Join us as we discuss the deeper inner workings of why wealth creation seems too elusive and how you can break the chains.

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/

Do you believe that retirement programs are excellent tax shelters? We will discuss the three most significant issues with how retirement programs are taxed and how you can save yourself from overpaying Uncle Sam.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e91

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Here we are in April--tax season for most. It's a dreaded time for all of us. At this time, we start getting tax advice from our accountants, from internet sources, or from just being a member of the sheep just going in one direction.

Today we're going to discuss why people are funding retirement programs with the belief there are certain tax benefits to doing so. But a lot of times, that's just a mirage that's hiding the facts. That fact is this: we might be setting ourselves up to actually pay more in tax than we otherwise should have paid!

Topics Discussed:

• What accounts are saying
• Misinterpreting tax deferment for tax savings
• The sneaky way 401Ks and IRAs hide taxes from you
• What really happens when you go into retirement with taxes
• Are taxes going up or down in the future?
• The costs of retirement and maintaining your lifestyle
• The impact of taxation on your heirs

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 bring back the founder of Living Wealth, Ray Poteet, to share how the process of infinite banking has allowed him to recoup money that he lost from an investment that went south and how he is using that money today.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e90

Topics Discussed:

• Why Ray is back in the market for the first time in nearly two decades
• The shape of things to come for the markets and society
• What's happening to 401Ks and Roth IRAs
• Using IB for investments
• Building layers of insulation and systems that pay no matter what

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 why it's so important to focus your investing in the areas that you truly enjoy and believe in.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e89

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Most people just do what everyone else is doing or they get caught up looking at the rate of returns. However, as we've seen with the recent market sell-off, all the returns for the past few years disappeared in a matter of weeks. It's time to take back control of your money.

Topics Discussed:

• The unsound choices people make when panic sets in
• How kneejerk reactions get people in trouble
• How long it takes to recover from market downturns
• Acknowledging the lack of a crystal ball and investing accordingly
• When the FDCI can and can't manage crisis
• How to avoid the next bubble burst or other market crash

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 coronavirus impact on the economy and the stock market. We also share how you can shield yourself from economic collapses just like this and make a killing during market collapses. Don't get wiped out by black swan events.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e88

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• Whether or not the market has bottomed out or if more is to come
• Fighting blind fear with rational thought
• What market peaks and valleys really do to your wealth long term
• How long it takes to recover from a 15% market loss
• Why Holly is flying without fear of contracting the illness
• Historical market events that IBC helped practitioners avoid ruin

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/