Dollars and Nonsense

We share how to best position yourself to make it through the unexpected catastrophes of life, both big and small. Plus, we'll share how infinite banking can be a great foundation to have in place when the unexpected hits.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e57

No one likes to think about all the things which can go wrong. With all the turmoil in the world right now it's understandable; it's just too much. But whether an event is small and personal, or significant and widespread, you can do simple things to protect and insulate yourself from financial crises.

Join us as we explore how to become prepared for unexpected financial crises in your life.

Topics Discussed:

• Catastrophes happening now and a looming crisis
• Preparing financially for the high-probability personal disasters
• A case study of when IBC saved Holly from a personal disaster
• A case study of repairing a home in record time after a major flood
• The emotional and spiritual impact of financial emergencies
• When life insurance is not an expense but an asset
• The one thing no one ever says after a loved one passes on
• Preparing to thrive through another economic 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/

We discuss two end of year tax strategy misconceptions that you should avoid. We'll also deep dive on how to think big picture when you're making your tax plan.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e56

Sometimes, our well-meaning accountants make strategy suggestions. However, these suggestions may not feel quite right. This unease is especially true when you take the long view on your tax planning and question whether what you're doing is a tax saving or merely a tax deferment.

Join us as we explore two tax misconceptions that could end up costing you big money in the future.

Topics Discussed:

• What to do when your not in agreement with your accountant
• When retirement plans create big tax misconceptions
• The reality of tax saving vs. tax deferment
• Using empirical data from the past to hedge bets on likely tax hikes in the future
• Taking a big picture long view of taxes rather than a short-term view
• The folly of the year-end "big spend" needlessly to save a little business owner's strategy

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/

e discuss the danger of letting your emotions dominate your decisions. We also share how you can learn to start with your head, not with your heart.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e55

Today we're talking about a matter that has serious consequences for your financial health. It also ties into anything decisions in life.

As a society, we tend to make decisions more with our emotions. Human beings tend to lean heavily towards emotion rather than logic. (We're not Vulcans, after all.) We also follow closely how different ideas, strategies, and tactics make us feel.

If you go back to a lot of the mistakes and bad decisions that you've made, the reason you made the wrong choices were due to how you felt. You may have rationalized it later, but it all started with emotionally made decisions.

Join us as we dive deep into making better money decisions with your head and not your heart.

Topics Discussed:

• How we rationalize bad decisions and don't learn from them
• The silence money thief named hopelessness
• The money bandit called your heart strings
• How fear impacts your money decisions
• Preemptively judging possible decisions to determine if they are logical or emotional
• When you're hesitant to share your decision with others

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 impact opportunity cost has on your money. Plus, we'll share how you can avoid missing out on the wealth caused by idle or misused dollars.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e54

There's an underpinning principle of the Infinite Banking we teach. It underscores a lot of the financial decisions that you're going to make. The principle is this: You finance everything that you buy in one way or another.

You see, most people believe they're financing something only if there is a loan process--purchasing a car, for example. Here's what those people don't realize: even if they pay cash for a car, you're still financing it.

People often think of financing being something only done through a bank instead. However, the reality is we finance our utility bills, we finance groceries, and we finance the gasoline that goes in our car. We finance all the things in our life whether we realize it or not.

Join us as we explain in more depth and how to best implement this understanding.

Topics Discussed:

• Understanding how everything you purchase is financed
• The only two ways we purchase goods and services
• Where opportunity cost comes into the purchasing equation
• Using 529 programs and college tuition as an example
• How leveraging IBC works to beat opportunity costs
• How dollars lose strength over time how it impacts 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/

We discuss the best investment you can make and how infinite banking can help you become a better investor. Tune in to this episode of the podcast and find out now.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e53

People often ask where we invest money. Or we're asked, "Where can I get a high rate of return? What is the best investment someone could typically make?"

Everyone is always looking for that next gold mine of an investment. So what's the answer? Find out in this episode.

Topics Discussed:

• Investing in yourself and what that means
• Good investors vs. bad investors, what's the difference?
• How to stop passing the buck on your future
• Layering strategies
• Focusing on what you know and are interested in
• Taking ownership

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 dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e52

Topics Discussed:

• The brief history of ULI as it related to Infinite Banking.
• How and why ULI backfired
• What ULI really is, in simple terms
• A real life example of devastating loss and failed promises of ULI
• Not being misdirected by an empty promise of guaranteed rate
• Understanding the lack of guaranteed cash value in ULI
• Indexed Life
• Variable Life

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, find out about the three most common bank myths costing you money. Changing the way you think about banking can put thousands of dollars in your pocket.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e51

Today, we share how to build your own bank and some of the issues with traditional banking. You see, the way that most of us treat our money actually costs us money and we don't even know it.

If you change the way you think, we believe you can make a lot more money because banking is probably rather inefficient for most people.

Topics Discussed:

• When a "free" account isn't actually free.
• Rethinking opportunity cost in your everyday life.
• Do banks have their own money or are they merely using yours?
• The reality of how the bank gets you coming and going.
• Taxes and more sneaky taxes.
• Staying liquid outside of a 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/

Get the three biggest rules you should follow to be successful financially. Learn the most significant principles and structure to follow for building real wealth.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e50

Having structure is very important in most areas of life. If you want to be successful with your family, your work, getting in shape, your best results will come from picking a sound system and sticking with it.

Structure and following principles are beneficial. This is why people like Dave Ramsey are famous authors: their primary goal is to provide principles and structure to follow to make the end goal simple and clear. Whether we agree with everything they say or not is moot. That's the reason why people flock to them.

There could be a million rules here on how to be successful with money. But we're going to focus in on the three most significant principles that you should adopt in order to be successful financially.

Our mission is to help people break the bonds of financial slavery. That's why we are so passionate about sharing. These rules will benefit the vast majority of people in real money terms. They will also impact your emotional and spiritual life in substantial ways.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e50

Topics Discussed:

• Pay yourself first.
• Stick with what you know.
• Focus on wealth building, not the end.

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 Ron Paul calls, "The biggest financial bubble in the history of mankind," and how you can survive the next financial disaster.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e49

This bubble is built on the fact that the U.S. debt to spending ration is completely out of balance. Basically, we're not doing anything to reduce our debt, but we also just keep spending, and spending, and spending.

The U.S. debt to spending ration is more than merely bad budgeting, though. It also impacts the stock market. Most of us would probably agree that the market is overpriced right now. It's inflated, it's a bubble as they would say. Even though most of us have this feeling that, "Okay, it's true that markets go up, they go down. Ride them out and up, then it crashes, then you ride it back up." Most of us are aware that it's been 10 years since the last major crash, the last major correction. That's a long time in the world of stock markets continue without a major correction.

The question most of us are wondering is why did the market recover and reach all these new time highs, and how are we able to sustain all this debt? Then the bigger question, "What can we do to insulate and protect ourselves?"

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e49

Topics Discussed:

· We're already at 20 trillion dollars owed in debt as a country, and then to add 1.2 trillion each and every year for the next 10 years.

· You have to be prepared for the fact that this could happen. And where is most of your retirement or your investment lying?

· You shouldn't ask the question of if a crash is going to happen. You should be asking when it's going to happen and how you'll protect yourself.

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 when it makes sense to stop paying premiums towards your whole life policy when you're using it as a banking tool. We'll also share why you'll probably have to change your perspective on the word "premium" if you want to be successful at IBC.

The trouble comes in when people viewer their whole life insurance policy as just another insurance. If I make a $500 payment towards car insurance, home insurance, and different things, we all know I have less money the next day. I'm poorer now.

But IBC is actually a different type of premium payment. The money doesn't vanish into someone else's pocket.

We need to change the way we see these premiums from adding into the payment side of the budget to the asset side of the budget. Then you get to see what happens when you pay the premiums.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e48

• "If you stop making premium payments, then you are basically stopping the deposits into your personal bank."
• "You really have to start thinking you are a bank owner. Your policy is your bank."
• "If you think of premiums as a liability and not an asset you're going to be very limited in how far you can take Private Family Financing and how much money you can make."