Have you ever wondered why your expenses increase directly proportional to your income? This dilemma is just at the tip of the iceberg of the plethora of existing human problems.

Colton and Joel McGriff proceed to part seven of Becoming Your Own Banker. They discuss why it is essential to outline human problems first before delving into the next step. Failing to address human issues early will make the rest of the plan lose its essence. This episode dissects the five major human problems with the help of pre-existing schools of thought, analogy, and imagery. These principles will lead you to understand the mechanics of an infinite banking system.

Highlights:

• The significance of addressing human problems first - 0:15
• Five major human problems that we should be aware of - 1:08
• Understanding Parkinson's Law - 1:33
• The Famous Bank Robber: Willy Sutton and his law - 4:53
• A new scheme and its pitfalls - 8:03
• The Golden Rule: Those who have the gold make the rules - 9:56
• The Shakespeare Analogy: the world's a stage and people are actors, be in control - 13:06
• The Rival Syndrome: dreaming of eternity and expanding horizons- 15:04
• Use it or lose it?: developing new habits - 17:57 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen:

• Subscribe on Apple Podcasts
• Follow on Spotify
• Listen on Stitcher

In this part 6 of the series of the Nelson Nash Becoming your Own Banker book, Joel and Colton McGriff talk about pages 26 and 27 and review what they said in the first five episodes of the series. They also talk about the idea of financing what you buy.

Highlights:

• Financing what you buy - 1:06
• How many times have you read this book? - 2:08
• Understanding the problem and knowing what to do - 3:14
• Why using life insurance - 5:12
• Being a customer and the owner at the same time - 11:33
• Getting more comfortable - 14:23
• Having a vision on what to do - 16:02
• The process of banking - 16:39
• What's coming on the next episode - 19:00 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher

Colton and Joel McGriff dig into part five of Becoming Your Own Banker. They talk about how the most important part of the entire book is right here, pages 21 through 25: Creating your own banking system through dividend-paying life insurance. Learn how banks operate in this episode!

Highlights:

• A section of the book that we need to re-read - 0:48
• The very first principle that needs to be understood - 3:03
• How to think when it comes to budget - 8:07
• Why the whole system is so beautiful - 9:30
• Nelson teaches a lot of analogies in his book - 11:25
• Implementing the Infinite Banking concepts - 13:06
• Having a bank to rely on - 19:34 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen:

• Subscribe on Apple Podcasts
• Follow on Spotify
• Listen on Stitcher

In continuation of the book review, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker and how it connects to society today. They talked about fractional reserve banking and how bankers are making speculative investments. Colton and Joel also discussed R. Nelson's concept of cogeneration and how to share their knowledge with the next generation even if what they have been told wasn't true because they're taught of the higher system.

Highlights:

• One of their favorite things about what they're doing right now. - 0:56
• Creating a bank like the ones you already know about. - 3:04
• Learning about his background from his Economics class:
• Fractional reserve banking. - 5:16
• The perfect example of bankers that are taking speculative investments. - 7:22
• Figuring it out: How do we shift to the point where we can take ownership of how the banking system works in our family's life? - 8:43
• The concept of cogeneration. - 9:01
• A banker cannot make a loan unless he has a deposit. - 10:31
• What have we been told that wasn't true that we thought were true because we're taught of the higher system? - 13:56

Resources and Links:

• Becoming Your Own Banker
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher

Continuing with where they left off the last episode, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker. Together, they state the reason why they are drawn not only to the book but also to the analogy that R. Nelson used. They also discuss why most financial conversations and misconceptions are wrong.

Highlights:

• Why Colton and Joel are drawn to the book and analogy. - 1:30
• John 5:6 - 1:51
• Understanding the breakdown. - 3:28
• 86% of every dollar goes to the cost of financing. - 6:21
• Why does Joel like R. Nelson's storytelling style and analogy? - 11:14
• Understanding why most financial conversations around the water cooler are wrong. - 11:58 Resources and Links:
• Becoming Your Own Banker
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher

In continuation of the book review, Colton and Joel carry on sharing their insights about Becoming Your Own Banker. They focus their discussion on one of the many analogies in the book: The concept of the grocery store. Colton and Joel also bring the topic of building a system of bringing in more income without increasing the amount of time you need to do it and why more people are interested in paying low-interest rates.

Highlights:

• You know you have a good book when it's worn more than others because you've read it so many times. - 1:19
• 5% of people think. 10% of people think that they think.
• 85% of people would rather die than think. - 3:38
• One of the many analogies in the book: Talking about the grocery store. - 6:30
• Why is the habit of doing the right thing important? - 12:39
• Building a system of bringing in more income without increasing the amount of time needed to do it. - 15:51
• The habit: The reason why we always want to pay the lowest interest rate is that we know we're never gonna see that money again. - 19:03
• The need for financing for the typical person is extensive. Really all this book adds to the equation is scale. - 21:21 Resources and Links:
• Becoming Your Own Banker
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher

Colton and Joel sit down to talk about the book, Becoming Your Own Banker. They also talk about the concept of infinite banking: The more you learn about new ideas and new things, the more you come back to the concept. Colton and Joel also cite different resolutions and realizing that everything that you know now could change tomorrow: You should be willing to adapt to it.

Highlights:

• The more you learn about new ideas and new things, the more you come back to the concept of infinite banking. - 0:56
• What makes reading the first few pages of the book exciting? - 2:05
• The problem in America isn't so much what people don't know. The problem is what people think they know that just ain't so. - 7:03
• The lever goes the other way. - 11:13
• The solution and the saving grace for Nelson. - 14:06
• Realizing that everything that you know now could change tomorrow. You should be willing to adapt to it. - 17:22
• You can have your own starting point: It depends on your current situation. - 19:46
• What do you need to do? - 21:23 Resources and Links:
• Becoming Your Own Banker
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen:

• Subscribe on Apple Podcasts
• Follow on Spotify
• Listen on Stitcher

Joel and Colton McGriff give us an update about where things have been and where things are going in business and life. They have a new member of their team: Colton's sister! A new member of the team that gives a new perspective.

Highlights:

• A new addition to the team - 2:18
• Designing a strategy that makes sense - 3:46
• The Tax Code is a puzzle - 4:03
• Raising a new puppy and a newborn baby - 10:21
• A new puppy is their lives - 15:26 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher

Joel and Colton McGriff talk about a topic that has been in our heads during this time and they ask "How does inflation affect my decisions?" Check out their answers in this special episode.

Highlights:

• A story about Richard Nixon's presidency - 1:00
• The first exposure to the money markets - 2:30
• The confiscation of gold - 4:49
• The fear of COVID - 6:56
• Controlling inflation? - 7:28
• Is inflation a problem? - 10:17
• What was Nelson Nash trying to teach us? - 13:34
• Nelson Nash provided us with a roadmap - 15:43
• The Infinite Banking Solution - 18:45 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• Phone: 205-991-4448

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen:

• Subscribe on Apple Podcasts
• Follow on Spotify
• Listen on Stitcher

The theme of this podcast is KISS: Keep it Simple! But why? Check it out in this episode as Colton and Joel explain why you have to keep it simple.

Highlights:

• When do you want to retire? - 1:37
• Creating passive income - 1:59
• Discussing passive income goals - 2:50
• You have to plan all the scenarios - 3:24
• Access to capital is the most important thing - 15:24 Resources and Links:
• https://www.themcgriffalliance.com
• [email protected]
• [email protected]
• Phone: 205-991-4448
• https://www.whatiftheyarewrong.com/

FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here

How to Listen:

• Subscribe on Apple Podcasts
• Follow on Spotify
• Listen on Stitcher