Not Your Average Financial Podcast™

Episode 57: Business Owners! You Are Already In the Banking Business

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In this episode, we ask:

  • What are people saying?
  • What are the realities of the modern day business owner?
  • How do entrepreneurs affect our economy?
  • Who drives the innovations and the revolutions that we take for granted?
  • What does Mark love about business owners?
  • What’s the difference between a thermometer and a thermostat?
  • What’s the book by Paul Poirot, The Pension Idea?
  • Based on this book, where is the source of security to be found?
  • What has happened to personal freedom?
  • In 1940, how much did Americans save?
  • In 2018, how much do Americans save?
  • What about debt?
  • What if time is money?
  • What if 1/3 of your day is going to servicing debt?
  • What if 20-30% is going to taxes?
  • Does this mean you have to save less?
  • Does this mean you need to invest at higher rates?
  • Where does true security lie?
  • Why do we revere the self made billionaires?
  • Why do people go into working for themselves and starting their own businesses?
  • What do you do with the last 1/3 of your day?
  • Are you really working for yourself?
  • Are you working the bank?
  • Are most business owners risky or conservative with their portfolios?
  • What about banks and high interest debt?
  • How do business owners use debt?
  • What about student loan debt?
  • What is the solution?
  • Why is banking the most profitable business in the history of mankind?
  • What does the bank do with your money?
  • What is fractional reserve banking?
  • How is it possible that the banks make so much and small business owners are failing?
  • What about the rate of return?
  • What’s an infinite rate of return?
  • Who’s profiting? Who’s taking on the risk to grow your business?
  • Does the bank care if you have a bad month selling inventory?
  • Does the bank care if you have a family emergency or a health crisis?
  • Has much changed since King Solomon said “the borrower is slave to the lender”?
  • How is this like Neo in the Matrix?
  • Are you loaded up with debt?
  • Are you paying cash for everything?
  • Are you financing everything you buy?
  • What is opportunity cost?
  • How do we unplug ourselves from the banking system? …Is it even possible?
  • How can you use the banking strategy to your advantage?
  • What if you could set your own terms?
  • What if you could avoid the pain of bank financing?

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