In this episode, Scott and Jason discuss:

• Becoming your own banker
• Double dipping
• Three tier-one assets on a bank’s balance sheet
• Opportunity cost

Key Takeaways:

• Until you can teach a concept to someone else and have them understand it, you won't really understand it. You learn most when you are the teacher. 
• You can finance and arbitrage money at the same time by doing double dipping, but first you have to capitalize. There is uninterrupted compound interest on a guaranteed basis, as well as your share of the company's profits on an unguaranteed basis.
• Three different things are allowed for tier-one assets on a bank's balance sheet, which are the most secure and valuable assets they can possess. These assets will determine or dictate whether a bank is strong: gold, Treasury Bills, and cash value whole life insurance.
• An investor's opportunity cost is the amount of potential gain they miss out on when choosing between two investment options.

"There's really only two things to remember: don't ever steal from yourself, and don't be afraid to pay massive amounts of premium." — Jason Henderson

Grab a copy of Becoming Your Own Banker by Nelson Nalsh here:

Amazon

Connect with Jason and Scott:

Website:     https://henderxcapital.com/masteryourmillions

Twitter:   @MasterYourMs

Facebook:  https://www.facebook.com/groups/realestateinvestorsofutah 

Instagram: @MasterYourMs

Email: [email protected], [email protected]