Wealth On Main Street

Wealth Without Bay Street EPISODE 135: Featuring on today’s episode is Monty Bhatia. Monty graduated from U of T as a Software Engineer and has been working in the Technology space for the past 20 years.  He is also a real estate salesperson, real estate investor and Smith Manoeuvre Certified Ambassador. Monty practices the Infinite Banking Concept as well as The Smith Manoeuvre personally.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:53 How Monty Integrated IBC With The Smith Manoeuvre

8:57 Essence Of The Smith Manoeuvre

15:24 Implementing “Accelerators”

18:25 Where Do These Processes Integrate

22:56 Does This Affect Your Taxes

26:21 Advantages Of Using This Tool

32:45 Having Conversations About The Smith Manoeuvre

39:10 Who Would Monty Want To Be A Hero To

Connect With Monty:

Email: [email protected]

Contact: 647-234-0464

Smith Manoeuvre Calculator

Smith Manoeuvre Book

Smith Manoeuvre Homeowners Course

Wealth Without Bay Street EPISODE 134: Featuring on today’s episode is Carrie Johnson. Carrie has been a Certified Nail Technician for 19 years and an Educator for 17 years. She loves sharing and teaching new skills to people who are eager to learn. Carrie is also an enthusiastic learner and you can join us today to learn more about her journey with IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:27 Carrie’s Journey With IBC

9:43 How Has the Process Been?

13:27 Sharing About IBC

17:47 Never Too Late to Start

24:25 Doing Nails and Business!

28:47 Starting With Baby Steps

Wealth Without Bay Street EPISODE 133: Featuring on today’s episode is Nathan Hirsch. Nathan is a lifelong entrepreneur and currently the CEO of EcomBalance and Outsource School. Nathan started his first business in 2009 from his college dorm room buying and selling textbooks on Amazon. In the next 5 years, he expanded into other products and scaled it to over $25 million in total sales.

After scaling his Amazon business and hiring hundreds of virtual assistants from sites like Upwork and Fiverr, he and his business partner, Connor Gillivan, co-founded and scaled FreeUp.net with an initial $5,000 investment to $12 million in yearly sales. FreeUp was acquired in 2019 by The Hoth.

In 2020, Nathan co-founded Outsource School to offer his exact online hiring and management methods to business owners looking to build a remote team. Nathan scaled Outsource School to hundreds of members and it continues to grow today.

In 2021, Nathan co-founded EcomBalance, an online bookkeeping service to help eCommerce business owners better master their finances and bookkeeping. After interviewing 100+ eCommerce business owners, it was clear that there was a need for a better solution in the market. Nathan decided to tackle it and the company is growing quickly.

Originally from Massachusetts, Nathan is now a foster parent and lives in Denver, Colorado with his wife and two dogs.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:50 Nathan’s Entrepreneur Journey

5:39 About EcomBalance

10:03 Selling Free Up

13:57 Comparing Trends and Numbers

20:06 Know When to Go On and Stop

24:31 Working With Trial and Error

30:36 Having the Right Partner

38:41Who Would Nathan Want To Be a Hero To

Get Connected With Nathan:

phone:  413-250-0846

email:  [email protected]

website: ecombalance.com

Wealth Without Bay Street EPISODE 132: Featuring on today’s episode is Jennifer Wolfe, who recently started her journey with infinite banking and now helps others with theirs. Join us today with Richard Canfield and Vernon McCarty to discuss the infinite banking policy application process to make your journey easier.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:21 The Start of Jennifer’s Journey With IBC

10:34 What To Be Prepared For When You Start

15:25 How Long Does The Application Take

20:27 Give All The Information You Can

22:53 What is an APS?

28:49 Process of Taking a Policy Loan

36:40 Continue To Meet Your Coach

38:33 Who Would Jennifer Want To Be a Hero To

Get Connected With Jennifer:

E-Mail: [email protected]

Wealth Without Bay Street EPISODE 131: Featuring on today’s episode is Cherry Chan. Cherry is an entrepreneur, author, blogger, and mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. She started her real estate investment journey over 10 years ago by buying one

student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing”. She can be reached via her website at RealEstateTaxTips.ca

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:06 Cherry’s Golden Nuggets of Wisdom

5:41 Everyone Has a Different Criteria

8:47 Dealing With Multiple Joint Ventures

11:52 Financial Pressure of Losing a Loved One

15:47 Estate Planning

19:58 Life Insurance as Collateral

24:30 Taxes and Property

28:42 Liability Aspects

33:57 Cherry’s Blogging Journey

39:48 Who Would Cherry Want To Be a Hero To

Get Connected With Cherry:

Instagram: https://www.instagram.com/realestatetaxtips/

Facebook: https://www.facebook.com/RealEstateTaxTips

YouTube:https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA

Wealth Without Bay Street EPISODE #130: On today’s episode of Wealth Without Baystreet, Jayson and Richard talk about how you can invest with your whole life policy loans and about interest deductions.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

00:29 Is Policy Loan Interest Tax Deductible?

3:09 Two Tracks You Can Take

5:28 Being an Honest Banker

9:36 Interest Write-Off

12:26 Know Your Options

16:56 Commercial Banks vs. Life Insurance Companies

Wealth Without Bay Street EPISODE 129: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about

The Infinite Banking Concept and how Par Whole Life Insurance in Canada is the original Tax-Free Savings account. This is part two of the two part series, where Richard and Vernon get their rant on!

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:31 Insurance Has Good Value

4:48 Control the Process

6:42 Debt to Deposit Ratio

9:38 Tale of Two Dads

12:56 Passing Down a Policy

17:54 Getting Your Info From the Right Place

24:58 Choose The Most Equipped

26:45 What Insurance Companies Do Wrong

34:30 Product vs. Process

37:48 Why You Should Read Nelson’s Book

Wealth Without Bay Street EPISODE 128: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about The Infinite Banking Concept and how Par Whole Life Insurance in Canada is the original Tax-Free Savings account. This is part one of the two part series so we hope you stay tuned!

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:33 Misclassification of the Tax Free Savings Account

4:34 Easing Into Understanding IBC

7:18 TFSA vs. IBC

13:08 The Original Tax Free Savings Account

19:15 Don’t Be a Poor Planner

25:28 Anything Can Happen

35:42 You Can Start Anywhere

Wealth Without Bay Street EPISODE 127: Today’s episode features Henry Wong again. Henry is a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today he uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid.

Henry chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. He now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:03 Separating Yourself From The Two Systems

4:54 How Much Tax Does An Average Canadian Family Pay

8:30 The Five D’s

10:04 Using Time To Your Advantage (Defer)

12:38 Misconception of the Lower Tax Bracket

16:19 Design of The Canadian Tax System (Design)

20:47 Defining Your Income (Define)

26:38 Dividing the Income (Divide)

35:38 The Disconnect (Disconnect)

42:15 Other Products Considered Income