Wealth On Main Street

By Richard Canfield & Jayson LoweBusiness Entrepreneurship Investing

Wealth On Main Street episodes

February 23, 2021 51. Taking Control Of Your Money With IBC - Client Series - Scott Wilson
CLIENT SERIES EPISODE:
Scott Wilson high school teacher who began investing in real estate 6 years ago, specifically student rentals. After accumulating a number of houses Scott began to look for other opportunities outside of real estate. He was introduced to IBC by his cousin, Peter Lount, a couple of years ago. It took Scott about 6 months to begin to understand how this concept could benefit his investments along with his everyday living expenses. Using IBC has allowed Scott to find new opportunities along with having security with his existing investments.
IN THIS EPISODE, YOU WILL LEARN:
[00:02:26] What’s Life Been Like Since Implementing IBC?
[00:14:53] How Has The Financial Outlook Changed For Scott’s Family?
[00:20:36] What’s Next For Scott?
[00:32:39] Taking Out Policies On People You Love
📌 EPISODE LINKS:
🎙️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook: https://wealthwithoutbaystreet.com/fb
Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt
Book a 15-minute call: https://wealthwithoutbaystreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthwithoutbaystreet.com/covidqanda
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community

💻 Sign up for the MasterClass TODAY! https://wealthwithoutbaystreet.com/masterclass
📚 IBC RECOMMENDED BOOKS
https://wealthwithoutbaystreet.com/books
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
45 min
February 16, 202150. What Is The Time Value Of The Banking Function? – Sarbloh Gill
Back for a second time on the Wealth Without Bay Street Podcast is Senior Wealth Architect and Team Developer, Sarbloh Gill. Sarbloh is an expert in his field and is recognized as one of the top Infinite Banking Practitioners in Canada.
In this episode, the guys talk about the importance of focusing on redirecting your money back into your own personal banking system. Sit back and think about where the majority of your money goes each month. That’s right! Bills. You’re spending your time working to pay someone else for something you purchased. Your time is irreplaceable. So why not pay yourself for something you purchased? By implementing the process of Becoming Your Own Banker, you can do just that!
IN THIS EPISODE, YOU WILL LEARN:
[00:02:32] What Is The Time Value Of The Banking Function?
[00:13:07] Common Reactions From The General Public
[00:27:58] Are People Thinking About The Problem The Right Way?
EPISODE LINKS:
Follow
On LinkedIn: https://www.linkedin.com/in/sarbloh-gill-5b8ab1190/?originalSubdomain=ca
On Facebook: https://www.facebook.com/sarbloh.gill
Get to know Sarbloh at Ascendant Financial: https://www.ascendantfinancial.ca/team-member/sarbloh-gill/
️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthonmainstreet.com/
Follow us on Facebook: https://wealthonmainstreet.com/fb
Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt
Book a 15-minute call: https://wealthonmainstreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthonmainstreet.com/covidqanda
Join Our Community! https://wealthonmainstreet.com/community
Sign up for the MasterClass TODAY! https://wealthonmainstreet.com/masterclass
IBC RECOMMENDED BOOKS
https://wealthonmainstreet.com/books
️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
37 min
February 16, 2021 50. What Is The Time Value Of The Banking Function? - Sarbloh Gill
Back for a second time on the Wealth Without Bay Street Podcast is Senior Wealth Architect and Team Developer, Sarbloh Gill. Sarbloh is an expert in his field and is recognized as one of the top Infinite Banking Practitioners in Canada.

In this episode, the guys talk about the importance of focusing on redirecting your money back into your own personal banking system. Sit back and think about where the majority of your money goes each month. That’s right! Bills. You're spending your time working to pay someone else for something you purchased. Your time is irreplaceable. So why not pay yourself for something you purchased? By implementing the process of Becoming Your Own Banker, you can do just that!
IN THIS EPISODE, YOU WILL LEARN:
[00:02:32] What Is The Time Value Of The Banking Function?
[00:13:07] Common Reactions From The General Public
[00:27:58] Are People Thinking About The Problem The Right Way?
📌 EPISODE LINKS:
Follow
On LinkedIn: https://www.linkedin.com/in/sarbloh-gill-5b8ab1190/?originalSubdomain=ca
On Facebook: https://www.facebook.com/sarbloh.gill
Get to know Sarbloh at Ascendant Financial: https://www.ascendantfinancial.ca/team-member/sarbloh-gill/
🎙️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook: https://wealthwithoutbaystreet.com/fb
Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt
Book a 15-minute call: https://wealthwithoutbaystreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthwithoutbaystreet.com/covidqanda
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community

💻 Sign up for the MasterClass TODAY! https://wealthwithoutbaystreet.com/masterclass
📚 IBC RECOMMENDED BOOKS
https://wealthwithoutbaystreet.com/books
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
36 min
February 09, 2021 49. Earn Dividends Like An Oak Tree - Infinite Banking Concept Whole Life
Did you know that you can directly impact the dividends you receive each year by a life insurance company when you own Par Whole life? The policy owner has the largest impact on the dividend they are able to receive in a given year and the ripple effect of every future dividend is directly impacted by the premiums the policy owner puts in.

Dividends are one of the most misunderstood areas of a Participating Whole Life Insurance contract. Jayson and Richard breakdown how these unilateral binding contracts produce dividends. How the dividend impact is just like the growing rings of a tree, it adds another layer each year. Each year you can celebrate a “dividend party” on the anniversary date of each policy you own. There is a great deal of misinformation and focus on rates when discussing policy contracts. Specifically, dividend-scale interest rates. These are, simply put, one of the most misunderstood and misleading areas of a whole life product.

Both the insurance companies themselves and often advisors are their own worst enemy by trying to indicate the dividend scale correlates to the growth or earnings of an individual contract. This simply isn't so. Jayson discusses the annual testing requirements for capital adequacy (LICAT) that has to be done each year for each life company in Canada to meet their obligation and how their accumulated profits are spread out over a number of years to create a “smoothing effect”. This smoothing is what creates stable long term dividend payouts to par owners.

Have you ever seen a tree contract in nature? Never, just like a par policy it grows every year advancing forward. The only thing that can end the growth is the natural death of the life insured in which case you have a tax free payout much greater than what you have contributed into the system or the policy owner choosing to cut the tree down (closing the policy).

Did you know that the biggest tax year you will have is most likely in the year you die? Richard walks you through the impact of your hard earned money at death...who gets the money and who loses? By creating long term cash control, accumulating dividends that keep buying whole life paid up additions, you are ensuring the money is there to pay the final tax bill, providing the time needed to grieve properly. Even more importantly is the remaining assets such as the house and cottage at the lake or rental properties are not forced into a “firesale” position where a lifetime of effort you took to build everything up is torn down to raise the money required to pay the tax man. In order to solve this you need life insurance...but if you plan to live a long time then the insurance has to be in force… the only way to make that happen is to have permanent coverage such a Par whole life that increases your tax free payout every year you own it as long as it's setup correctly.
📌 EPISODE LINKS:

Dividend Tree Image From Nelson Nash: https://wealthwithoutbaystreet.com/DividendTree
LICAT - Life Insurance Capital Adequacy Test Canada: https://wealthwithoutbaystreet.com/Licat
Sample Dividend Policy Indicating “The Contribution Principle”: https://wealthwithoutbaystreet.com/Contribution-Principle

🎙️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook: https://wealthwithoutbaystreet.com/fb
Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt
Book a 15-minute call: https://wealthwithoutbaystreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthwithoutbaystreet.com/covidqanda
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community

💻 Sign up for the MasterClass TODAY! https://wealthwithoutbaystreet.com/masterclass
📚 IBC RECOMMENDED BOOKS
https://wealthwithoutbaystreet.com/books
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn
34 min
February 09, 2021 49. Earn Dividends Like An Oak Tree – Infinite Banking Concept Whole Life
Did you know that you can directly impact the dividends you receive each year by a life insurance company when you own Par Whole life? The policy owner has the largest impact on the dividend they are able to receive in a given year and the ripple effect of every future dividend is directly impacted by the premiums the policy owner puts in.
Dividends are one of the most misunderstood areas of a Participating Whole Life Insurance contract. Jayson and Richard breakdown how these unilateral binding contracts produce dividends. How the dividend impact is just like the growing rings of a tree, it adds another layer each year. Each year you can celebrate a “dividend party” on the anniversary date of each policy you own. There is a great deal of misinformation and focus on rates when discussing policy contracts. Specifically, dividend-scale interest rates. These are, simply put, one of the most misunderstood and misleading areas of a whole life product.
Both the insurance companies themselves and often advisors are their own worst enemy by trying to indicate the dividend scale correlates to the growth or earnings of an individual contract. This simply isn't so. Jayson discusses the annual testing requirements for capital adequacy (LICAT) that has to be done each year for each life company in Canada to meet their obligation and how their accumulated profits are spread out over a number of years to create a “smoothing effect”. This smoothing is what creates stable long term dividend payouts to par owners.
Have you ever seen a tree contract in nature? Never, just like a par policy it grows every year advancing forward. The only thing that can end the growth is the natural death of the life insured in which case you have a tax free payout much greater than what you have contributed into the system or the policy owner choosing to cut the tree down (closing the policy).
Did you know that the biggest tax year you will have is most likely in the year you die? Richard walks you through the impact of your hard earned money at death…who gets the money and who loses? By creating long term cash control, accumulating dividends that keep buying whole life paid up additions, you are ensuring the money is there to pay the final tax bill, providing the time needed to grieve properly. Even more importantly is the remaining assets such as the house and cottage at the lake or rental properties are not forced into a “firesale” position where a lifetime of effort you took to build everything up is torn down to raise the money required to pay the tax man. In order to solve this you need life insurance…but if you plan to live a long time then the insurance has to be in force… the only way to make that happen is to have permanent coverage such a Par whole life that increases your tax free payout every year you own it as long as it's setup correctly.
35 min
February 02, 202148. Seeing Opportunities with Infinite Banking and Real Estate – Client Series
On today’s “Client Series” episode of Wealth Without Bay Street, Jayson and Richard are joined by Liam McGoran. Liam works as a Design Engineer (EIT) for an engineering firm in Vancouver, BC. Amongst spending time hiking and being outdoors in the Greater Vancouver area, Liam has picked up an interest in macroeconomics and investing. He has especially enjoyed being able to implement IBC as a tool to further accelerate his investing journey. In a world of out of control central banks and big governments people need to wake up more than ever and take control of the banking function in their life. With this new found passion it’s even more enjoyable to spread the word, grow with others and help educate those you care about.
Liam took the time to learn the IBC process and is now living proof the Becoming Your Own Banker is one of the best decisions you can make for yourself, your family and your future.
IN THIS EPISODE, YOU WILL LEARN:
[00:01:13] How Did IBC Enter Liam’s Life?
[00:02:30] What Has Liam’s IBC Journey Been Life So Far?
[00:09:53] Advice For Young People
[00:15:24] What Is Liam Looking Forward Too?
[00:16:37] Are People Receptive?
EPISODE LINKS:
️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthonmainstreet.com/
Follow us on Facebook: https://wealthonmainstreet.com/fb
Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt
Book a 15-minute call: https://wealthonmainstreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthonmainstreet.com/covidqanda
Join Our Community! https://wealthonmainstreet.com/community
Sign up for the MasterClass TODAY! https://wealthonmainstreet.com/masterclass
IBC RECOMMENDED BOOKS
https://wealthonmainstreet.com/books
️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
24 min
February 02, 2021 48. Seeing Opportunities with Infinite Banking and Real Estate - Client Series
On today's “Client Series” episode of Wealth Without Bay Street, Jayson and Richard are joined by Liam McGoran. Liam works as a Design Engineer (EIT) for an engineering firm in Vancouver, BC. Amongst spending time hiking and being outdoors in the Greater Vancouver area, Liam has picked up an interest in macroeconomics and investing. He has especially enjoyed being able to implement IBC as a tool to further accelerate his investing journey. In a world of out of control central banks and big governments people need to wake up more than ever and take control of the banking function in their life. With this new found passion it’s even more enjoyable to spread the word, grow with others and help educate those you care about.

Liam took the time to learn the IBC process and is now living proof the Becoming Your Own Banker is one of the best decisions you can make for yourself, your family and your future.
IN THIS EPISODE, YOU WILL LEARN:
[00:01:13] How Did IBC Enter Liam’s Life?
[00:02:30] What Has Liam’s IBC Journey Been Life So Far?
[00:09:53] Advice For Young People
[00:15:24] What Is Liam Looking Forward Too?
[00:16:37] Are People Receptive?
📌 EPISODE LINKS:
🎙️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook: https://wealthwithoutbaystreet.com/fb
Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt
Book a 15-minute call: https://wealthwithoutbaystreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthwithoutbaystreet.com/covidqanda
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community

💻 Sign up for the MasterClass TODAY! https://wealthwithoutbaystreet.com/masterclass
📚 IBC RECOMMENDED BOOKS
https://wealthwithoutbaystreet.com/books
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
24 min
January 26, 2021 47. Don’t Steal The Peas When Doing Infinite Banking
Having an Infinite Banking Policy is a wonderful tool to help navigate your financial life not to mention the benefit of knowing your family is taken care of once you have passed. But, these policies only work if you take care of them. If you withdraw a policy loan and don’t repay it, then you’re only going to hinder the death benefit that your family is to receive. Being strict with repaying yourself is crucial to the success of your policy. Listen as Jayson and Richard discuss the importance of loan repayment.
️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthonmainstreet.com/
Follow us on Facebook: https://wealthonmainstreet.com/fb
Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt
Book a 15-minute call: https://wealthonmainstreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthonmainstreet.com/covidqanda
Join Our Community! https://wealthonmainstreet.com/community
Sign up for the MasterClass TODAY! https://wealthonmainstreet.com/masterclass
IBC RECOMMENDED BOOKS
https://wealthonmainstreet.com/books
️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
19 min
January 19, 2021 46. Guaranteed Retirement Income using The Infinite Banking Concept Canada
When people think about retirement, usually the first things that come to mind are RRSPs, Tax-Free Savings Accounts, Government funded pensions and/or company pensions. Why not create your own guaranteed retirement income? With Becoming Your Own Banker – The Infinite Banking Concept you can do just that. Now more than ever, we need to take control of our money. The government is spending money at a record pace and it will need to be paid back. How do you think this payback will happen? That’s right – taxes! It’s time to start the IBC process to shield yourself from this.
️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthonmainstreet.com/
Follow us on Facebook: https://wealthonmainstreet.com/fb
Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt
Book a 15-minute call: https://wealthonmainstreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthonmainstreet.com/covidqanda
Join Our Community! https://wealthonmainstreet.com/community
Sign up for the MasterClass TODAY! https://wealthonmainstreet.com/masterclass
IBC RECOMMENDED BOOKS
https://wealthonmainstreet.com/books
️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
33 min
January 12, 2021 45. With IBC The Cash Follows The Leader
We all know that everyone’s financial situation is different. But did you know that you can set up a policy to suit you? Most people don’t and that’s ok. The most important thing is to not ponder over what you didn’t know but to dive in and learn all the ways you’re able to make your financial situation better. Our mission is to share the message to Candians that you can improve your wealth without Bay Street. As you will hear Jayson and Richard say, reading Nelson’s book multiple times is a MUST! Each time you read it, you will see something you didn’t see before.
Remember….it’s never too late to start!
️ WEALTH WITHOUT BAY STREET LINKS
Podcast Website: https://wealthonmainstreet.com/
Follow us on Facebook: https://wealthonmainstreet.com/fb
Subscribe to our Youtube Channel: https://wealthonmainstreet.com/yt
Book a 15-minute call: https://wealthonmainstreet.com/15mincall
To Access our COVID 19 Q&A session with special guests please click here: https://wealthonmainstreet.com/covidqanda
Join Our Community! https://wealthonmainstreet.com/community
Sign up for the MasterClass TODAY! https://wealthonmainstreet.com/masterclass
IBC RECOMMENDED BOOKS
https://wealthonmainstreet.com/books
️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
26 min

About Wealth On Main Street

From the publisher's feed

A North American Podcast show focused on helping Canadian & USA families and business owners create dependable wealth using the process of #becomingYourOwnBanker, known as The…