In this episode, Jim Oliver and Nick Kosko discuss: 

• Premiums and multiple ways it can be paid
• Terry Nash’s logging business example
• Being your own banker
• "Retirement" distribution 

 

Key Takeaways: 

• The premium is the solution, not the problem
• By financing equipment you're able to recapture interest you would have paid to the bank
• If the bank is in charge, then they can close the doors of your business
• The rate is a distraction 

  

"This is about being your own banker and getting that interest to flow to you instead of away from you." —  Nick Kosko

 

 

Connect with Nick Kosko:  

  

LinkedIn: Nick Kosko 

Facebook: Nick Kosko 

 

  

Connect with Jim Oliver:  

  

Facebook: CreateTailwind & Jim Oliver  

Website: CreateTailwind.com  

YouTube: createtailwind.com  

LinkedIn: Jim Oliver  

  

  

Show notes by Podcastologist: Chelsea Taylor-Sturkie  

  

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.