Dollars and Nonsense

We discuss the mental barriers that prevent your financial success. And we'll share the things that you need to do to create a proper financial strategic vision instead of just counting on hope and fantasy to take you where you want to go.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e47

Mental barriers are insidious and elusive. Often, it takes someone else to point them out to you. And these roadblocks could be a great hindrance when it comes to your wealth creation.

Join us as we break down the walls and rebuild workable solutions.

• Creating a vision of financial freedom and uncovering the steps to achieving your dreams
• Replacing a fantasy with a strategic vision
• Appreciating and accounting for boundaries and limitations

The 401(k) match is probably the most common tool used by Americans today as they try to save for the future. But is it right for you? In this episode, we will discuss the many questions to ask yourself to decide if it is a good fit for you. Your home may need a new home.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts here:

https://livingwealth.com/e46/

People ask us almost every day what they should I do with their 401(k). The answer is not a black or white. It requires asking critical questions that will help you make the right decision for your circumstances.

There are several inherent problems with the 401(k). However, the main redeeming factor in them is the employer match.

But most of the people we've spoken with on a daily basis are only doing this because everybody else is doing it. And they don't know what else to do. The truth is this: Most people know little to nothing about what's going on with the money inside their 401(k).

• Why are you doing the 401(k) and is it something you genuinely believe is best for you?
• Is it giving you a false sense of security?
• Is the match really a good deal?
• Do you believe taxes are going to go up or down over the next 10 to 20 years?
• How high are the fees compared to other tools?
• How well does the mutual fund the 401(k) perform relative to the rest of the market?
• Is the marketing going to continue going up or is it due for another recession?
• Are you willing to lock up your money where it's practically inaccessible for the foreseeable future?
• Is the number you see in your account the real dollar figure or does it change drastically when taxes and fees are calculated?

In this episode, we discuss how you can avoid going bankrupt paying for college.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts here:

https://livingwealth.com/e45/

There are a ton of questions parents ask themselves when thinking about paying for their child's college tuition. What are some things we can avoid when we send our kids to college? How do we pay for this and not go bankrupt in the process?

And merely to send them to med school, it can cost up to $2.6 million in some situations. This is putting your kid through college, med school, and specialty. Now that doesn't mean you will have all that debt, but they're going to graduate with a lot of debt.

It is possible in the world we live in today to have this kind of debt when they graduate. And we as parents want nothing more than to have our kids succeed, be successful, and to pursue those dreams they want to do.

But at what cost? Every year it's getting more and more and more expensive.

~ Paying for College Without Going Broke Topics Discussed:

• The ever-growing cost of paying for college tuition.
• Tactics and strategies for reducing costs.
• Building a "family scholarship"
• Leveraging financial aid and scholarships
• Negotiating with colleges
• How to "look poor on paper" without being poor
• The hidden trouble with 529 programs
• The sneaky scholarship and aid trick with whole life insurance

In this episode, we discuss the importance of defining financial freedom for yourself, so you know the exact steps you need to take to get there.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e44/

We're often asked, "How do I actually be financially free and what does that mean?"

The simple truth is this: financial freedom can mean different things to different people. And we often try to put ourselves in a box by judging ourselves against what somebody else is doing.

But that's their definition of what being financially free is. By using someone else's interpretation, we're not building a roadmap that meets our personal needs.

The answer is to not try to fit your dreams into other people's expectations, or just try to model it after somebody else. Because we believe that if you know what you're striving for, it's way easier to backtrack and see what steps you have to take.

So the real question we should be asking ourselves is this: What is financial freedom mean to you?

To help narrow things down, we'll explore three ways to understand and define your own route.

~ Thee Ways to Define Your Finacial Freedom:

* When your passive income surpasses your lifestyle * Finally being in control of your money and getting rid of the debt that's nagging you * Being able to leave a legacy

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e44/

In this episode, we discuss how businesses can use the Infinite Banking concept to solve their need for capital, potentially lower their taxes, and even lower employee churn.

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e43/

A quick disclaimer: This is going be tailored towards business owners. And it is going to be more tailored to the concept that we teach here at Living Wealth: Infinite Banking, maybe even more so than we have in the past.

If you're not a business owner, there will be a lot of valuable information for you also. And if this is one of the first episodes you've listened to, you may want to go back and review a couple of the past episodes because this one is gonna be more detailed and in-depth; it might go right past you if you don't.

• The capital benefit of using IBC in your business
• Replacing traditional capital forms
• Growing polices in a business over time
• Using IBC to lower a business' tax burden
• IBC as a benefit to high-value employees
• Using IBC as a form of Pension for employees
• Leveraging IBC to lower employee churn

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e43/

We discuss why it is so important to make your money do multiple jobs at the same time. In other words: Make your money work for you. If you're thinking that you have far too little to show for all the work you've done over the years, maybe it's time to have your money pick up the load and start doing the work for you.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get the discount code, resources, and transcripts here: https://livingwealth.com/e42/

• Leveraging real estate
• Assets that do more than sit
• Using Infinite Banking
• Mixing policies and real estate
• Going well beyond death benefits
• Recapturing charitable giving in a beneficial and meaningful way
• Keeping more tax dollars and putting them to work
• The counterintuitive way to work with debt that really works
• What is lifestyle banking
• Earning money on college tuition

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e42/

In this episode, we're joined once again by Rabbi Daniel Lapin. He enlightens us on the biggest retirement myths, the biblical implications, and what leaving a legacy really means.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get the discount code, resources, and transcripts here:

https://livingwealth.com/e41/

Retirement Myths and Legacy Topics Discussed:

• Does the bible mention retirement
• Why there isn't a Hebrew word for retirement
• The retirement myth and misfocus
• Re-engineering your career to find enthusiasm for what you do
• Is Rabbi Lapin against volunteering
• Finding balance by living in the past, present, and future
• What leaving a legacy really means
• Planning for your children's children's future
• Leaving your Legacy in trusted hands

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e41/

In this episode, we sit down with Rabbi Daniel Lapin. He enlightens us on the spiritual nature of money and the tragedy of resentment.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e40

Rabbi Daniel Lapin is the author of Thou Shall Prosper and Business Secrets from the Bible, among many other works. He is the President of The American Alliance of Jews and Christians and is an exceptionally gifted communicator.

He reaches out to both Jews and Christians with Biblical money principles and ancient Jewish wisdom, mainly in regards to finance and business. And he has become one of America's most compelling and persuasive voices in defense of what he calls "Ethical Capitalism."

• Does God want you to be rich?
• What is money
• The case for the spiritual nature of money
• The instincts that hold people back
• The tragedy of resentment
• Defining spiritual and why it's important
• Rabbi's most useful pet of all, a chimpanzee
• The interplay of trust, faith, and money
• Why understanding what money is and how it behaves important

In this episode, we will discuss the three biggest whole life insurance myths so you can clearly see how whole life insurance could work for you.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e39/

We try to reveal some things, common myths, common outside-the-box thinking strategies to help you. And probably the most important one to us is this thing called the infinite banking concept, how become your own banker.

And it uses this tool, whole life insurance, in a way that most everyone, including myself, including Holly, would have had no idea that whole life insurance could work this way.

One of the things that we've certainly found is there are a lot of myths floating around. And these are certainly prohibiting people, due to things they've heard in the past, from even opening up to this new concept and on how to use this tool.

• Is Whole Life too expensive?
• Rethinking how to use a policy today and secure tomorrow
• Payment Mentality vs. Deposit Mentality
• When and where term life insurance makes sense
• Is the rate of return on whole life terrible?
• On taxation
• Do you have to be young to purchase whole life?

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e39/

In this episode, we discuss the differences between Austrian economics and Keynesian economics. And will explain how you can use infinite banking to break free from the money manipulation of the Federal Reserve.

~ Get a Free Copy of The Tree of Wealth by reviewing this podcast here:

https://livingwealth.com/review/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e38/

In episode 36, we covered hyperinflation, cryptocurrencies, infinite banking, and how all of them go hand in hand. And we talked a little bit about economics.

Today, we're going to go deeper into Keynesian economics and Austrian economics. Which ones better? Which one presents the greatest benefit for you and society as a whole? And we'll even examine how infinite banking applies on a grander scale of economics.

• Keynesian economics
• Austrian economics
• When a dollar isn't necessarily a dollar
• The Gold Standard
• Nelson Nash and the creation of the Infinite Banking Concept
• The implications of widespread IBC adoption

"I like the simplicity of the fact that in Austrian economics, one dollar is one dollar. If you don't have the dollar to represent the dollar, then you don't have a dollar."

"In Keynesian economics, you're essentially saying a dollar isn't necessarily just one dollar. Most of us would say its kinda funny money."

"The main difference between the two is that the Keynesians believe that there should be an authority manipulating the market, whereas the Austrians believe the market should be free and in control."

"We say, a dollar today is stronger than a dollar in the future, just because of inflation and the economy."

"You can break free from the system, and if we get enough people to really be their own bankers, we may be able to, in the grand scheme of things, kind of cripple this Federal Reserve system."

https://livingwealth.com/e38/