Dollars and Nonsense

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In this episode, I interview my good friend Joey Mure from Wealth Without Wall Street, a very well-known and well-loved infinite banking company and podcast show. Enjoy!

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Michael Duryea began his apprenticeship with Living Wealth in 2018. He is the former head of sales and new President of Living Wealth who has 9 whole life policies of his own that he uses every month to finance investments and the things of life. Michael is excited and deeply honored to have the opportunity to lead Living Wealth into the future by serving clients to the utmost.

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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In this episode, I interview big brother Shane Tiffany, a great friend and AVID fellow IBC-er. We discuss our IBC journey together! TUNE IN AND ENJOY!

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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In this episode, I talk about one of the most common questions that we get at Living Wealth, especially recently: the difference between base premium and PUA premium.

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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In this episode, I interview my grandfather Larry Jessup about his life over the last 85 years. Grandpa is a hard-working successful entrepreneur, an actor, business owner, and a faithful disciple of the Lord Jesus. I credit my walk with the Lord largely to the influence of my grandfather, and my relationship with him is a deep, central part of who I am. I hope you enjoy this episode with him!

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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In this episode Michael Duryea provides a brief update on the podcast, and we re-air a podcast episode with the one and only Ray Poteet talking about infinite banking!

This episode with Ray as special guest was originally aired in December of 2018.

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

View Details

In this episode Michael Duryea provides a brief update on the podcast, and we re-air a podcast episode with the one and only Ray Poteet talking about infinite banking!

This episode with Ray as special guest was originally aired in February of 2018.

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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In this podcast, Nate and Michael discuss Nate's final 3 takeaways he wants to leave the audience with as he steps down from podcast.

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Nate Scott is an Infinite Banking expert and President of Living Wealth with over a dozen whole life insurance policies that he’s used for the past 12 years to make profitable investments. He created the "Dollars and Nonsense" podcast to explain the ins and outs of Infinite Banking, helping you take control of your finances and achieve true financial freedom.

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

View Details

Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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After much prayer and consideration, Nate Scott is stepping down as president to follow his calling in ministry.

Michael Duryea will take over as President of Living Wealth, continuing our mission.

While transitions can be challenging, we are confident that God's hand is in this.

Living Wealth remains committed to serving our clients and community, driven by the same values and dedication as always.

As we navigate this change, we ask for your support and understanding.

We believe the future is bright and filled with potential, and we're excited to see where this new chapter will lead.

🙏 Stay tuned for more updates, and thank you for being a part of our Living Wealth family.

===========================

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

==========================

#InfiniteBanking #LivingWealth #BecomeYourOwnBanker

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Stuck in traditional banking systems and feel like there's no better way?

Most people never question the banking structure they use every day.

Discover how to create your own banking system and leverage the six principles of infinite banking to revolutionize your financial strategy and secure your future.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

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Do you let your faith influence your finances?

Most people don’t involve God or their faith when it comes to building a financial strategy.

Find out how to fully unleash your financial potential by making room for God to show up in your life and discovering ways to step out of your comfort zone.

📒Free Infinite Banking Resources 📒

What is Infinite Banking

Who was Nelson Nash?

===========================

Want to become your own banker and build a solid financial strategy?

Check out our FREE Infinite Banking Foundations course: https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

===========================

⏰ Timestamps ⏰

00:00 The Role of Faith in Life and Finances

01:05 The First Miracle: Lessons from the Wedding at Cana

02:35 Trusting God’s Timing

03:53 Opening Doors Through Faith

06:04 The Impact of Obedience

07:02 Challenging Conventional Financial Planning

08:08 Faith as a Foundation for Financial Decisions

10:13 Transformative Faith in Financial Strategies

14:48 Seeking Transformation Over Transactions

17:24 Living a Faith-Filled Financial Life

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Are you gambling with your investments without even knowing it?

Learn how to use the Risk-Reward Quadrant to evaluate opportunities like a seasoned pro and avoid common mistakes new investors make.

📒 Show Notes and Resources 📒

https://livingwealth.com/e242

Build a solid financial strategy with our FREE Infinite Banking Foundations course—the ultimate guide to becoming your own banker and mastering investment security. https://livingwealth.com/escapethebank

===========================

Subscribe and Listen to the Podcast HERE:📱

➡︎YT: ‪https://www.youtube.com/@thelivingwealth

➡︎Apple: https://podcasts.apple.com/us/podcast/dollars-and-nonsense/id1170598942

➡︎Spotify: https://open.spotify.com/show/5QYt7zArvsPvLYD7OhbXVW?si=8e1021e2dc604f7d

===========================

Let’s Connect!

Website: https://livingwealth.com/

LinkedIn: linkedin.com/company/living-wealth-

Instagram: instagram.com/itslivingwealth

FaceBook: facebook.com/livingwealthco

Twitter: https://x.com/thelivingwealth

===========================

⏰ Timestamps ⏰

00:00 Introduction

01:09 Risk Reward Quadrant

03:04 Low Risk-Low Reward Quadrant

06:20 High Risk Quadrants

07:09 Application and Investment Strategy Development

===========================

#InfiniteBanking #LivingWealth #BecomeYourOwnBanker

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Want to become your own banker and build financial independence through infinite banking? Schedule your FREE consultation now!

In this episode, Nate Scott discusses the three pillars of a fulfilling life: faith, community, and purpose. He goes into detail about how each pillar can affect the way we live, using examples from his own life and explaining how faith, community, and purpose can also be applied to finances to increase wealth-building potential.

Find the free resources mentioned in this episode here:

https://livingwealth.com/e240

Get instant access to our FREE Infinite Banking course here now: https://livingwealth.com/escapethebank

Key Takeaways:

Faith can guide your financial decisions, reduce stress about money and provide a sense of peace during uncertain times.
Community and collaborating with others can open opportunities and provide support, multiplying your efforts and results.
Purpose directs your financial actions, ensuring they align with your personal goals and lead to meaningful success.
Fulfillment is more important than rate of return because true financial success isn't measured by numbers but by how those numbers help you live the life you want.

Watch This Next ➡️3 Reasons Why Retirement Programs Don’t Lead To Financial Independence

CHAPTERS:

03:49 The Role of Faith in Fulfillment and Finance

04:21 The Power of Community in Building Wealth

06:38 Purpose-Driven Financial Strategies

14:53 Achieving Fulfillment Beyond Financial Returns

22:06 Integrating Infinite Banking into Your Life

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In this episode, Nate Scott unveils the real reasons why retirement programs fail to produce financial independence for most people. He explains how they create a passive environment that is not conducive to wealth building, and how the timing of the market may not align with your life's timing, making you constantly financially vulnerable. Nate advises people to focus on becoming financially independent through active wealth building strategies, such as infinite banking.

Ready to become your own banker and build financial independence through infinite banking? Schedule your FREE consultation now!

Key Takeaways:

Retirement programs create a passive mindset that makes consistent wealth building impossible.
Retirement programs do not do a good job of producing passive income.
The timing of the market may not align with your life's timing.
Focus on becoming financially independent through active wealth building strategies can lead to a higher chance of success.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

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In this episode, Nate Scott explores the three critical pillars of financial independence—income, security, and control—and reveals how Infinite Banking offers a unique pathway to achieve these goals. Drawing from personal experience, Nate illustrates how Infinite Banking serves as a cornerstone for building passive income streams, ensuring financial security, and retaining control over one's financial destiny. He invites listeners to embrace Infinite Banking as a powerful tool for transforming their financial future and attaining lasting independence.

Ready to break free from the traditional financial system and become financially independent through infinite banking? Schedule your FREE consultation now!

Key Takeaways:

The Quest for Financial Independence: Financial independence is the ultimate goal for many, but traditional financial strategies often fall short of achieving true independence.
The Three Pillars of Financial Independence: Income, security, and control are the three essential pillars for achieving financial independence. Without balance across all three, you can’t achieve true independence.
The Role of Infinite Banking: Infinite Banking offers a unique approach to financial freedom, providing a foundation for building passive income streams, ensuring financial security, and retaining control over one's financial future.
The Value of Infinite Banking: The true value of Infinite Banking is not only in the policies themselves but in the way you can leverage them to achieve financial freedom.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

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In this episode, Nate Scott discusses how to retrain your mind to see finances differently and overcome limiting beliefs. He explains that our brains filter information that seems unimportant to simplify decision-making, but this often leads to scarcity thinking and missed opportunities. That’s why Nate introduces the concept of infinite banking as a way to retrain your mind to think differently about money.

He highlights three pivotal shifts in mindset: realizing you don't have to take risks to make money, understanding that your money can serve multiple purposes simultaneously, and recognizing that business and investment opportunities are everywhere.

Ready to build generational wealth and financial independence through infinite banking? Schedule your FREE consultation now!

Key Takeaways:

Our brains filter information to simplify decision-making and protect us, but this can lead to scarcity thinking and missed opportunities.
Infinite banking can retrain your mind to think differently about money and see new opportunities.
Shift your mindset to realize you don't have to take risks to make money.
Understand that your money can serve multiple purposes simultaneously.
Recognize that business and investment opportunities are everywhere.
Retrain your mind to see new opportunities and update your perspective on finance.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

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In this episode, Nate Scott dives into whether it is possible to do infinite banking without using whole life insurance. He explores alternative financial strategies such as velocity banking and borrowing against brokerage accounts, comparing and contrasting them with the principles of infinite banking. While acknowledging the effectiveness of these alternatives for cash flow management and asset building, Nate explains that whole life insurance policies offer unique benefits for wealth accumulation and creating a banking asset with guaranteed returns.

Ready to become your own banker and build financial independence through infinite banking? Schedule your FREE consultation now!

Key Takeaways:

Infinite Banking Versatility: While infinite banking principles can be applied without whole life insurance, they may not offer the same unique benefits.
Alternative Financial Tools: Strategies like velocity banking and borrowing against brokerage accounts can be effective for cash flow management and asset building.
Unique Benefits of Whole Life Insurance: Whole life insurance policies offer a secure and guaranteed method to build wealth and create a banking asset that produces value in various aspects of life.
Personalized Financial Choices: Choosing the right financial tool depends on individual preferences and objectives, with each option offering distinct advantages tailored to specific financial goals and circumstances.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, Nate Scott sits down with Corey Carpenter, an anesthesiologist and long-time client of Living Wealth, to discuss Corey's financial transformation. Corey shares his journey from being overworked and burned out to adopting the empire over retire mindset and building a life that he doesn't have to retire from.

They discuss the importance of relinquishing control and trusting in God's plan, the true fulfillment that comes from living in the present moment and focusing on quality of life, and using infinite banking to build capital and create opportunities for himself and others.

Ready to break free from the traditional financial system and become financially independent through infinite banking? Schedule your FREE private consultation now!

Key Takeaways

Adopting the empire over retire mindset can lead to a total financial transformation.
Reading books like Antifragile can change your outlook on life and money.
Experiencing boom and bust cycles can shape your mindset and financial decisions.
The scarcity mindset can be both beneficial and detrimental, and it's important to reassess its impact on your life.
Transitioning from a conventional wealth-building formula to the infinite banking concept can provide a new perspective on financial freedom.
Seeking an abundant life involves reevaluating priorities, creating margin, and finding balance between work and personal life.
True fulfillment comes from living in the present moment and focusing on quality of life.
Building capital allows for the creation of opportunities for oneself and others.
Investing in non-traditional assets like cryptocurrency can be a part of an Antifragile financial strategy.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, Nate Scott dives into the whole life insurance debate by presenting five reasons why people believe infinite banking is a scam, and five opposite reasons why people like whole life insurance. His goal is to bridge the gap between those who support and those who criticize whole life insurance. Nate acknowledges the valid concerns of skeptics while also highlighting the benefits that attract many to the infinite banking concept. By offering a nuanced discussion, Nate hopes to encourage listeners to consider different viewpoints when making financial decisions.

Key Takeaways

Criticisms of Infinite Banking: its expense, the belief that agents' are only in for commissions, lower rate of return, the idea that you’re “borrowing from yourself”, and the perception of the insurance company taking the cash value upon death.
Reasons for Choosing Whole Life Insurance: its long-term growth potential, contractual access to money, built-in estate and legacy planning, the ability to fund other investments, and the potential for safe, tax-free passive income.
Bridging the Gap: Understanding both sides of the debate can help bridge the gap and foster understanding between proponents and critics of whole life insurance.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, co-hosts Holly and Nate discuss how her perspective on money and life has changed since her cancer diagnosis. They encourage listeners to live a life they love today, rather than waiting for a future that is not guaranteed. Holly emphasizes the importance of waking up every day and choosing to do what you love, understanding your purpose, and being in God's will. They discuss the significance of relationships, the dangers of seeking control, and the freedom that comes from surrendering to God's plan. They also highlight the benefits of implementing Infinite Banking and having a financial plan that aligns with biblical principles.

Key Takeaways:

Live a life you love today, rather than waiting for a future that is not guaranteed.
Wake up every day and choose to do what you love.
Finding your purpose and being in God's will brings fulfillment.
Prioritize nurturing and investing in meaningful relationships.
Instead of striving for control, focus on managing stress and avoiding burnout.
Integrating Infinite Banking into your financial strategy offers both freedom and security.
Crafting a financial plan rooted in biblical principles can lead to lasting benefits and peace of mind.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, Nate Scott discusses the confusion that happens when you misclassify policy transactions as income statement transactions instead of balance sheet transactions. Nate explains the difference between income statement and balance sheet and how they interact with each other.

He provides examples of income sources and expenses and how they affect the net free cash flow. Nate also discusses the movement of money on the balance sheet, including the impact of policy loans and repayments. He ends the episode by emphasizing the importance of understanding the classification of policy transactions and their impact on the overall financial picture.

Key Takeaways

Misclassifying policy transactions can lead to confusion and misunderstanding of their impact on personal finances.
Income statement transactions and balance sheet transactions are different and should be classified correctly.
Understanding the movement of money on the balance sheet is crucial for effective financial management.
Policy loans and repayments are balance sheet transactions and do not add new expenses to the income statement.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, Nate Scott answers the five most frequently asked questions about infinite banking. He talks about the importance of choosing the right insurance company, how policies continue to grow even when borrowed against, the difference between direct recognition and non-direct recognition, the pros and cons of different policy designs, and the whether or not you should run all finances through a policy. Nate emphasizes the need for individualized approaches and recommends starting with a solid foundation before considering more complex strategies.

Key Takeaways:

To practice infinite banking, choose a mutual life insurance company that offers dividend-paying whole life policies.
Policies continue to grow even when borrowed against because the insurance company lends money against the policy's cash value, which still earns interest and dividends.
Direct recognition and non-direct recognition refer to how insurance companies apply dividends to policies with loans.
The design of a policy, including the base premium and paid-up additions, depends on individual circumstances and goals.
Running all finances through a policy is not recommended for most people. It is important to start with a solid foundation, understand cash flow, and gradually incorporate policies into financial strategies.
Individual circumstances and goals play a significant role in determining the best approach to infinite banking.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

View Details

In this episode, Nate Scott walks us through the types of investments that make sense to fund using Infinite Banking policies and those that may not be a good fit. He explains why investments that produce cash flow, like real estate, private lending, and business expansion, work well with IBC. On the other hand, long-term passive investments, such as retirement programs and stock market investments, may not be a perfect match for IBC. Nate also mentions the option of using policies to repay any debts and highlights the importance of understanding your financial goals before deciding how involved you want to be with IBC.

Key Takeaways:

Investments that produce cash flow, such as real estate and business expansion, work well with IBC policies.
Using IBC policies to fund investments allows you to repay policy loans and reuse the capital.
Long-term passive investments, like retirement programs and stock market investments, may not be a perfect fit for IBC.
Using policies to pay down debt can provide a guaranteed rate of return.

Episode Resources:

Gain FREE access to our Infinite Banking Course here

What is Infinite Banking

Who was Nelson Nash?

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In this episode, Nate breaks down the three main reasons why people who practice Infinite Banking end up with multiple policies. He explains what a MEC limit is, and what benefits you can get from insuring other people, like spouses, children, or even business partners.

Nate dives into how policies can be strategically used for different purposes, like covering taxes or supporting charitable causes. He ends the episode by emphasizing that the number of policies doesn't matter as much as the total amount of premium being contributed.

Key Takeaways:

3 main reasons why people own multiple policies while practicing IBC:
Every policy has a MEC limit, which determines the maximum amount of money that can be funded into it.
Owning policies on other people, such as spouses, children, and business partners, can provide additional benefits.
Policies can serve different functions, such as paying taxes or charitable giving.
The number of policies doesn't matter as much as the total amount of premium being contributed.

Episode Resources:

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What is Infinite Banking

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In this episode, Nate debunks the idea that infinite banking is some magical arbitrage situation. He explains that infinite banking is about managing capital efficiently and using whole life insurance policies as a capital warehouse.

He breaks down the misconceptions surrounding arbitrage in infinite banking and emphasizes that borrowing from policies is not dependent on the policy's growth rate. Nate also highlights the potential for tax deductions when using policy loans for investments or business purposes.

He highly recommends taking the time to research and have a thorough understanding before diving into infinite banking.

Key Takeaways:

Infinite banking is not about magical arbitrage, but about managing capital efficiently.
Borrowing from policies is not dependent on the policy's growth rate.
Tax deductions can be a potential benefit when using policy loans for investments or business purposes.
Approach infinite banking with a thorough understanding and take the time to educate yourself before getting started.

Episode Resources:

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Join Nate in this episode as he discusses the concept of family banking and reveals the three crucial steps to becoming a master family banker. Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.

The first step is to store capital, which can be done through dividend-paying whole life insurance policies. The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally. The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower. Family banking offers the opportunity to build wealth and keep money within the family for future generations.

Key Takeaways:

Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.
The first step to becoming a master family banker is to store capital, which can be done through dividend-paying whole life insurance policies.
The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally.
The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower.

Episode Resources:

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In this episode of “Dollars and Nonsense”, Nate Scott challenges Dave Ramsey's advice on money and retirement. Nate shares his own personal journey and struggles with the pursuit of financial security, highlighting the pitfalls of hoarding money and seeking it as the ultimate source of fulfillment.

By delving into biblical principles, Nate offers listeners a fresh perspective on wealth and security, urging them to build lives they don't have to retire from and to prioritize God's will over serving money.

Key Takeaways:

Unbiblical Pursuit of Security: Hoarding money and seeking it as a means of security is unbiblical and unfulfilling.
Building a Life You Don't Have to Retire From: Nate advocates for prioritizing lifestyles that don't necessitate retirement, challenging the traditional notion of saving for the future.
Avoiding Rationalizations: Nate warns against justifying the love of money with religious reasoning, emphasizing the importance of discernment in financial matters.
True Fulfillment in Seeking God's Will: Nate underscores the ultimate source of security and fulfillment in aligning one's life with God's will, rather than serving money.

Episode Resources:

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In this episode, Nate Scott unveils the blueprint for establishing and nurturing generational wealth. He stresses the importance of adopting a mindset focused on long-term wealth over retirement. Nate explains the need to acquire evergreen assets that can endure for generations, such as farmland, real estate, and businesses.

He also explores the significance of trusts in estate planning and advocates for the family office model. Nate suggests leveraging life insurance to create liquidity and facilitate the growth of generational wealth. He then ties these strategies back to biblical principles.

Takeaways:

Mindset Shift: Prioritize long-term wealth over immediate retirement goals.
Invest in Evergreen Assets: Acquire assets like farmland, real estate, and businesses that can be passed down through generations.
Utilize Trusts and Family Office Model: Implement trusts and consider adopting the family office model to preserve and expand your estate for future generations.
Life Insurance Strategy: Use life insurance to ensure liquidity and support the growth of generational wealth.

Episode Resources:

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Join Nate Scott in this episode as he tackles the burning question: Is infinite banking the right fit for you? He delves into the nuances of infinite banking, stressing that it's not a one-size-fits-all solution. And encourages listeners to explore their financial paths, whether it's the traditional retirement route or the more hands-on, entrepreneurial approach.

Nate also highlights the flexibility of infinite banking, reassuring people that they don't have to go all-in to reap its benefits. By the end, you'll have a clearer understanding of where you stand on the financial spectrum and whether infinite banking aligns with your goals.

Key Takeaways:

Personal Fit: Infinite banking isn't for everyone; it's essential to assess if it matches your financial goals and preferences.Financial Path: Consider your financial path carefully—whether you're inclined towards conventional retirement or a more active investment approach.
Flexibility Factor: You don't need to fully commit to infinite banking; it can complement your existing financial strategy as a secure, liquid savings option.
Spectrum Insight: Learn about the spectrum of compelled individuals, from those embracing entrepreneurship to those favoring passive retirement planning.
Self-Assessment: Understanding your position on the spectrum and your comfort level with financial involvement can guide your decision on whether infinite banking is right for you.

Episode Resources:

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Tune in to this Dollars and Nonsense episode to discover how Nate Scott leverages infinite banking and the “empire over retire” philosophy to build wealth, achieve financial freedom, and create a life of purpose and fulfillment.

Nate also does an in-depth explanation of the idea of barbell investing and how he leverages his policies to invest in asymmetrical opportunities. He shares personal examples of barbell deals he has created, such as investing in a friend's business and partnering in the land flipping industry.

Key Takeaways:

How to Get Real Results with Infinite Banking: Nate explains how infinite banking is not just a theoretical concept but a practical strategy that delivers concrete results. It's all about transforming your money from a passive asset into an active tool.
Empire Over Retire Philosophy: The "empire over retire" philosophy challenges conventional notions of retirement. It's about crafting a life that doesn't rely on traditional retirement but empowers you to build your own financial empire.
Introduction to Barbell Investing: Nate introduces the concept of barbell investing, a strategic approach that involves placing funds into both safe, liquid, conservative assets and high-risk, high-reward opportunities. He also explains how infinite banking plays a pivotal role in executing this investment strategy.
Barbell Deals for Entrepreneurs: Entrepreneurs have a unique advantage in creating barbell deals within their businesses. Nate shares personal examples of how he's leveraged his infinite banking policies to participate in asymmetrical opportunities, such as investing in a friend's business and venturing into the land flipping industry.
Infinite Banking for Personal Expenses: Infinite banking can be used for personal expenses, such as home renovations and car purchases. It offers security and financial flexibility, making it an ideal choice for various life goals.
Unlocking the Potential of Infinite Banking: Nate concludes the episode by underlining the remarkable potential of infinite banking as a wealth-building strategy. It not only provides security but also opens doors to high returns, making it an invaluable tool on the journey to financial success.

Episode Resources:

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Join us in this week’s episode, as Nate Scott explores the concept of "infinite banking", what it is and why it works. Beyond being a financial strategy, infinite banking encourages individuals to rethink their approach to money, transforming it from a passive asset into an active tool that can be strategically leveraged to build wealth, ensure financial security, and leave a lasting legacy.

The premise of infinite banking is based on the belief that mutual life insurance companies and banks have a similar business model, but mutual life insurance companies exist to benefit policyholders, while banks exist to benefit shareholders.

Nate discusses the unique features of whole life insurance policies, such as tax-free growth, policy loans, uninterrupted compounding, and the potential for passive income. By understanding and embracing the core principles of infinite banking, listeners gain the knowledge and perspective needed to take charge of their financial futures.

Key Takeaways:

Central Premise: Nate emphasizes that the core premise of infinite banking is choosing to do business with mutual life insurance companies as an owner and leveraging their financial tools to achieve better results than traditional banking.
Money Flow: The concept of infinite banking revolves around the idea that money should flow through a banking mechanism in your life, covering income, expenses, and investments.
Key Characteristics of Infinite Banking: Ownership, tax-free growth, interest-only line of credit, uninterrupted compounding, passive income generation, and a legacy mentality define infinite banking.
Understanding the Premise: Nate underscores the importance of agreeing with the central premise of infinite banking before exploring policy details. Policy loans, although initially confusing, provide valuable interest-only lines of credit, unique to whole life insurance.
Infinite Banking vs. Traditional Banking: Infinite banking complements other investment strategies and financial tools, offering an alternative approach to achieve financial goals.
Legacy and Wealth Preservation: Whole life insurance policies play a vital role in wealth preservation and transfer, particularly in estate planning.

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In this enlightening episode, Nate Scott unveils the Augusta Rule, a powerful tax strategy that can save homeowners and business owners significant money. Discover how this legitimate tax loophole allows homeowners to rent out their properties for up to 14 days a year without paying taxes on the rental income.

Nate shares insights into how business owners can leverage the Augusta Rule to their advantage by renting their personal residences to their corporations and deducting the rental payments as legitimate business expenses.

Key Takeaways:

Understanding the Augusta Rule: Nate introduces listeners to the Augusta Rule, a tax loophole that enables homeowners to rent out their homes for up to 14 days annually, completely tax-free.
Leveraging the Augusta Rule for Businesses: Business owners can strategically use the Augusta Rule to their advantage by renting their personal residences to their corporations for various legitimate purposes, such as hosting meetings, staff retreats, and events. These rental payments can then be expensed by the company.
Navigating the "Reasonable" Gray Area: Nate emphasizes the importance of defining what is "reasonable" when determining rental rates for personal residences, a critical aspect of the Augusta Rule. He shares his personal experience and underscores the need to consult with qualified accountants.
Balancing Legitimacy and Scrutiny: Nate highlights the significance of exercising caution when employing tax strategies like the Augusta Rule. While entirely legal, these strategies may attract IRS scrutiny, making it essential to make reasonable choices.

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In this enlightening episode, unveil the truth about Infinite Banking as Nate Scott dispels some of the most prevalent myths. Get ready to gain true clarity on this journey as Nate dismantles misconceptions surrounding base premiums, rates of return, policy loans, interest payments, loan interest versus policy returns, and the fate of your cash value upon your passing. Gain a deeper understanding of Infinite Banking and equip yourself with the knowledge to make informed decisions.

Join us in this myth-busting episode as we separate fact from fiction, bringing you closer to the truth about Infinite Banking and empowering you to make informed financial choices. Don't let myths hold you back from exploring this powerful wealth-building strategy.

Key Takeaways:

Base Premium Misconception: Learn that the base premium in Infinite Banking policies is not an expense; it actually generates cash value.
Rates of Return: Discover the potential for good rates of return offered by whole life insurance policies, especially when considering their tax advantages and liquidity.
Policy Loans and Wealth Generation: Understand that policy loans themselves do not generate wealth; it's the policy and its cash value that play a crucial role in building your financial prosperity.
Paying Interest: Realize that paying interest on your policy loans is not a foolish move; it enables you to keep your money invested and earn returns.
Loan Interest vs. Policy Returns: Learn that the rate of return on your policy does not necessarily have to surpass the loan interest rate for Infinite Banking to be a viable strategy.
Cash Value Upon Passing: Clarify the misconception that the insurance company keeps your cash value when you pass away; in reality, the cash value contributes to the death benefit, ensuring that your equity benefits your heirs.

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Join us as host Nate Scott takes a deep dive into the world of Infinite Banking and its transformative power in building wealth and funding investments. Get ready to expand your financial horizons as Nate unveils the key takeaways from this enlightening discussion.

In this episode, Nate provides an in-depth look at how he uses Infinite Banking to fund various investments and build wealth. He explains that Infinite Banking is not just about buying a policy and letting money sit, but rather a transformation in how wealth is built. By leveraging policies, individuals can have their money do multiple things at the same time and receive benefits from both the policy and other investments.

Nate shares a real-life example of using a policy to fund an investment and highlights the tax advantages and growth potential of policies. He emphasizes the importance of building one's life around policies and using cash value strategically.

Key Takeaways:

Infinite Banking Strategy: Nate explores how Infinite Banking allows individuals to have their money do multiple things simultaneously, reaping benefits from both policies and other investments.
Tax Advantages: Using policies strategically can provide tax advantages and increase after-tax profits, making it a valuable wealth-building tool.
Policy Loans: Nate explains how policy loans can be used to fund investments or lend money to a business, with the interest paid on these loans potentially being tax-deductible.
Building Around Policies: The importance of building one's life around policies and leveraging cash value is highlighted, simplifying wealth building and providing a profitable environment for investments.
Growth Potential: The growth potential and death benefit of policies add additional value to the Infinite Banking strategy.

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Join Nate Scott in episode 219 of the "Dollars and Nonsense" podcast as he unveils how Infinite Banking can revolutionize your approach to retirement. Moving beyond traditional retirement concepts, Nate delves into the power of Infinite Banking in creating a sustainable and fulfilling future, emphasizing the need to build a life you won’t need to retire from.

In this episode, Nate explores four transformative ways Infinite Banking can bolster your retirement: consistent policy growth, access to funds, tax-free income benefits, and the role of policies as a volatility buffer. He sheds light on how these elements work together to enhance your financial security during retirement.

Listeners will also be introduced to the concept of the Retirement Trifecta - income, liquidity, and legacy. Nate discusses how Infinite Banking can address each of these critical aspects, providing solutions that traditional retirement plans often overlook.

If you find value in our podcast, consider giving "Dollars and Nonsense" a five-star review on Apple Podcasts.

Get transcripts and resources for this episode by visiting:

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Key Topics Discussed:

Redefining Retirement: Nate challenges the traditional retirement model, advocating for a life so fulfilling that retirement becomes an option, not a necessity.
The Power of Policy Growth: Learn how the guaranteed growth of Infinite Banking policies can provide a stable foundation for your retirement finances, ensuring a reliable income stream.
Tax-Free Policy Distributions: Discover the advantages of tax-free income from Infinite Banking policies, offering a flexible and tax-efficient way to manage retirement funds.
Volatility Buffer: Understand how Infinite Banking serves as a protective shield against market volatility, ensuring your retirement income remains stable even in turbulent financial times.
Solving the Retirement Trifecta: Dive into how Infinite Banking uniquely addresses the three critical components of retirement - income, liquidity, and legacy - and how you can leverage these for a secure future.

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Dive deep into the nuances of mastering the Infinite Banking Concept (IBC) in this compelling episode of "Dollars and Nonsense" with host Nate Scott. Explore the intricate world of IBC, a strategic approach to financial management that transcends traditional banking, with Nate’s insightful guidance.

Join us for a transformative journey as Nate decodes the five essential steps to becoming an expert in Infinite Banking. Whether you’re a newcomer or an experienced practitioner, this episode is a treasure trove of wisdom, demystifying complex concepts and guiding listeners to financial proficiency and independence.

If you appreciate our content, please consider leaving a five-star review on Apple Podcasts or your preferred podcast platform. Your support helps others discover our podcast and benefit from these valuable insights.

If you find value in our podcast, consider giving "Dollars and Nonsense" a five-star review on Apple Podcasts.

Get transcripts and resources for this episode by visiting:

https://livingwealth.com/e218

Topics Discussed:

Foundations of Infinite Banking: Learn about Infinite Banking as a system to be implemented, not just a product, and the potential of IBC to enhance every financial decision and action.
The Five Steps to Mastery: Embrace a holistic IBC lifestyle, transitioning from traditional banking dependence to a policy-centric approach. And learn about active engagement with policies, utilizing them as tools for financial growth and not just passive savings.
Committing to Advanced Stages: Discover the importance of progressing to higher commitment levels in IBC for maximum benefit, overcoming the fear of premium commitments and embracing the full potential of your policies.
Maximizing Tax Benefits: Dive deep into leveraging tax deductions for policy loans when used for business or investment purposes, and the necessity of consulting with tax professionals for optimal financial planning.
Strategic Loan Balances: Uncover the concept of strategic loan balances for increased system flexibility, and differentiating between various types of policy loans and their repayment strategies.
Practical Implementation and Real-Life Applications: Gain insights into integrating IBC into everyday financial decisions, and the transformative effect of Infinite Banking on personal wealth management.

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Embark on an enlightening journey with us in this episode of "Dollars and Nonsense". Host Nate Scott, alongside Michael Duryea, a converted IBC coach and team member of Living Wealth, delve into Michael's transformative experience from being a Living Wealth client to becoming an influential agent. Discover the inspiring story of a man who, driven by his passion and financial savvy, transitioned from music to mastering the art of Infinite Banking.

Join us as Nate and Michael offer a blend of personal anecdotes, professional insights, and practical advice. Whether you're a seasoned investor, a curious newcomer to IBC, or somewhere in between, this episode provides a wealth of knowledge and inspiration. Tune in to learn how to navigate your financial journey with confidence and break free from the herd mentality.

If you find value in our podcast, consider giving "Dollars and Nonsense" a five-star review on Apple Podcasts.

Get transcripts and resources for this episode by visiting:

https://livingwealth.com/e217

Topics Discussed:

Michael's Financial Foundation: Learn about Michael's upbringing, deeply rooted in financial wisdom and entrepreneurship, shaping his approach towards money and investments.
Embracing IBC: Understand how Michael's journey led him from initial skepticism to a profound belief in the Infinite Banking Concept (IBC), reshaping his financial destiny.
Career Shifts: Explore Michael's bold move from music to finance, demonstrating the power of adaptability and the pursuit of passion in carving out a successful career.
Building Trust: Dive deep into the importance of trust in financial partnerships. Hear firsthand experiences about how extending trust can transform relationships and financial strategies.
Overcoming Hurdles: Michael and Nate discuss overcoming common fears and misconceptions in IBC, emphasizing the importance of education and understanding in successful financial planning.
The Role of Communication: Learn why open and honest communication with financial coaches is crucial in navigating the path to financial independence.
Infinite Banking Realities: Get an insider's perspective on the myths and truths of Infinite Banking and how it leads to robust, lifelong financial strategies.
Advice for Newcomers: Gain valuable insights for those new to Infinite Banking or considering it, highlighting the importance of due diligence and informed decision-making.
Extending Trust in Relationships: A critical look at the role of trust in both personal and professional relationships, and how it impacts financial decision-making.

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Prepare to elevate your Infinite Banking Concept understanding to the next level with this eye-opening podcast episode. In this episode, Nate demystifies the complex world of strategic loan balances, ensuring every listener walks away with practical insights.

Discover the transformative concept of strategic loan balances, a nuanced strategy within the Infinite Banking realm that could propel your fiscal system to new heights of efficacy. Perfect for the seasoned IBC enthusiast looking to optimize their financial strategy, this episode promises knowledge and the power to leverage unexpected financial gains with finesse.

~ Access our FREE Infinite Banking Beginner course here:

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~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e216

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Topics Discussed: * Optimize Finances: Discover how strategic loan balances can transform your approach to Infinite Banking, providing flexibility and growth potential for your financial strategy. * Unlock Potential: Learn how to use policy loan balances to store windfall money, creating opportunities for significant financial advancements. * Advanced Strategies: Delve into sophisticated IBC concepts that enhance your banking system beyond the basics. * Investment Savvy: Explore examples of how strategic loan balances work in real-life scenarios, turning good investments into better financial outcomes. * Tax Efficiency: Gain insights on using strategic loan balances to manage annual tax payments, optimizing cash flow and policy growth. * Expand Opportunities: Find out how to use cash flow from investments to open new policies rather than just paying down loans. * Increase Flexibility: Leverage strategic loan balances to dump in money as needed without the limitations of policy maximums. * Boost Growth: See how deliberately creating balances can lead to more death benefits and future dividends. * Create Leverage: Utilize balances to keep tax deductions high, offsetting income and maintaining financial efficiency. * Enhance Liquidity: Learn how to maintain a loan balance on purpose, using it as a dynamic tool for managing personal liquidity. * Strategic Planning: Uncover the advantages of balances for business owners, investors, and those expecting future windfalls.

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Embark on a transformative journey to financial clarity and independence. In this episode, Nate unravels the secrets to crafting a life of wealth beyond the ordinary.

Discover the powerful strategies to set and achieve your financial aspirations, steering clear of the all-too-common path of uncertainty and mediocrity. This isn't just about saving for retirement; it's about designing a life so fulfilling that the very concept of retirement loses its appeal.

Through personal insights and actionable advice, you'll learn how to create a financial roadmap tailored to your dreams, ensuring each decision you make aligns with your ultimate goals. Tune in to shift from aimless saving to purpose-driven wealth creation and redefine what financial success truly means to you.

Tune in now to make 2024 your year of financial breakthrough.

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Topics Discussed: * Financial Clarity: Gain crystal-clear insight on setting and achieving your personal wealth goals to elevate your financial game. * Wealth Redefined: Learn to construct a life of significance where traditional retirement concepts no longer bind you. * Financial Wisdom: Discover how to discern and filter through financial noise, focusing on strategies that align with your aspirations. * Goal Setting: Master the art of defining meaningful financial objectives to navigate your journey toward true independence. * Strategic Planning: Unveil a step-by-step guide to building a robust financial plan that transcends conventional saving methods. * Passive Income: Explore avenues to create income streams that surpass your lifestyle expenses, providing freedom and security. * Actionable Steps: Identify the first actionable steps toward accumulating wealth that doesn't require stepping back at retirement. * Personalized Pathways: Understand how to tailor your financial strategies to support a life you never need to retire from. * Partnership Power: Find out how collaborating with like-minded individuals can amplify your wealth-building efforts. * Implementation Mastery: Move from clarity to action with confidence as you implement a solid plan towards your financial goals. * Life Optimization: Learn to invest in connections and partnerships that enrich both your financial status and personal life.

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Discover the transformative power of Infinite Banking. In this episode, Nate delves into the emotional and financial harmony achievable through this strategy. He expertly guides us through understanding that while logical financial decisions are important, the ultimate goal is to align these with our emotional well-being.

This episode is a revelation in personal finance, emphasizing that a balanced approach leads to both financial success and inner peace. Nate unveils four key benefits of Infinite Banking, illustrating how it can secure our financial future while catering to our psychological needs. He challenges the conventional wisdom that emotions hinder financial decision-making, arguing that the fusion of logic and emotion can lead to optimal outcomes.

By listening to this episode, you'll explore how Infinite Banking makes sense logically and provides a sense of security and confidence, particularly during uncertain economic times. Nate offers a fresh perspective in a landscape where financial strategies often lead to stress and uncertainty.

Tune in to discover how you can achieve not just wealth but also a sense of well-being and confidence in your financial decisions.

~ Access our FREE Infinite Banking Beginner course here:

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~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e214

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Topics Discussed: * Peace of Mind: Discover how blending logical and emotional decision-making can lead to more fulfilling financial choices. * Infinite Banking Insights: Explore the four transformative benefits of Infinite Banking for a balanced financial life. * Gaining Stability: Learn how Infinite Banking can provide stability and tranquility, especially in turbulent economic times. * Risk Management: Understand how to mitigate financial risks and navigate economic downturns confidently with Infinite Banking. * Family Legacy Security: Gain insight into building a robust family financial legacy from day one, ensuring long-term security. * Investment Freedom: Find out how Infinite Banking allows for patient, choosy investment decisions, freeing you from financial urgency. * Economic Confidence: Learn to maintain confidence and peace amidst broader economic turmoil through non-correlated assets. * Secure Savings: Discover the power of having a solid savings base to tackle personal financial crises with ease. * Wealth-building Strategies: Unlock strategies to grow wealth consistently, regardless of market booms or busts. * Asset Protection: Learn how to safeguard your assets and ensure their growth, even in uncertain economic climates. * Stress Reduction: Understand how Infinite Banking reduces financial stress, allowing for a more focused and peaceful life. * Decision-making Clarity: Gain clarity in financial decision-making by aligning rational choices with emotional well-being.

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The best way to maximize the results and payoffs of anything is to understand what we’re really trying to accomplish. In this episode, Nate Scott delves into the heart of the Infinite Banking Concept and explains why it is essentially an operating system for your finances. He emphasizes the importance of viewing Infinite Banking as a central component in your financial operations rather than just another tool in your arsenal.

While initially skeptical, most who fully understand the mechanics embrace the approach for its practicality and profit potential. Nate’s approach is not about mere policy growth but centers around a fundamental shift in how you perceive and handle banking and investment.

Rather than struggling under the whims of banks and Wall Street, policies become your personal bank. You accumulate capital tax-free and without market risk, then tap policies as needed to invest or purchase big items. Cash accumulates rapidly this way.

Uncover the potential of Infinite Banking to transform your financial paradigm, offering a comprehensive strategy for wealth management. Tune in to transform your approach to banking and unlock the secrets to a more prosperous financial future so you can stop merely surviving and start truly thriving.

~ Get instant access to our FREE Infinite Banking Beginner's course here now: https://livingwealth.com/escapethebank

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Topics Discussed: * An OS For Your Finances: Discover IBC as an innovative operating system for personal wealth management, providing a new perspective on financial stability. * Freedom from Banks: Learn how to take control of your money and stop enriching banks. * Challenge Conventions: Learn how Infinite Banking differs from traditional banking and investment approaches, offering a fresh take on wealth accumulation. * Risk Mitigation: Learn about the risk-free nature of IBC and its tax-free benefits, ensuring a secure financial journey. * Maximize Profits: Discover how to leverage specially designed life insurance to accumulate capital tax-free. * Boosting Wealth: Understand the true potential of Infinite Banking beyond just policy growth, emphasizing its role in a comprehensive financial strategy. * Cash Flow Control: Keep lifestyle spending separate from wealth-building capital. * Wealth Multiplier: Allow policy tools to accelerate your money faster than typical options. * Logical Money Flow: Set up an intuitive system for seamlessly using all your accounts.

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Discover how to bank smarter no matter which way interest rates move.

In this episode, Nate digs into the details, revealing how changes in interest rates impact insurance companies and policyholders over time. Understand what causes dividends and loan rates to fluctuate and why policy banking still beats traditional banking in any rate environment. Learn why owning your own bank through a properly structured life insurance policy puts you in control, lets you access cheaper money, and allows you to profit tax-free.

Whether rates spike or plummet, equip yourself to leverage IBC for your benefit. Master the philosophy so you can confidently bank on yourself for the rest of your life.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e212

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How Interest Rates Impact Infinite Banking Topics Discussed: * Unlock Savings: Discover how policy loans beat traditional financing no matter the rate environment. * Master Fluctuations: Learn what drives dividends and loan rates up and down over time. * Set Expectations: Understand the lag between rate changes and dividend adjustments. * Tap Tax-Free Gains: Policy growth outpaces interest yields without the tax liability. * Access Guarantees: Count on cash value growth yearly despite market chaos. * Beat the Bank: Outperform savings and CDs using your own on-demand capital. * Borrow Cheaper: Leverage ultra-low-rate policy loans instead of high-rate debt. * Bank Long-Term: Use IBC as a lifetime system regardless of economic cycles. * Grow Wealthier: Accumulate a pool of self-controlled capital profiting you consistently. * Gain Confidence: Cement your financial freedom on your own reliable foundation.

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Do you feel like banks take advantage of you as a depositor or borrower? Learn how the banking system profits from you while providing little value to you and what you can do about it.

In this episode, Nate explains precisely how the Infinite Banking Concept is designed to help you escape the bank by replacing it and putting you in control.

Discover how IBC solves the problem of banks monopolizing money and profiting unfairly off account holders. You’ll be surprised to learn how insurance products can act as a banking substitute. Going beyond just saving and investing, Infinite Banking allows you to generate high returns and maintain liquidity.

Whether you’re an entrepreneur, investor, or anyone discontent with traditional wealth-building methods, Infinite Banking may provide the solution you’re looking for.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e211

Topics Dicsussed:

Freedom from banks: Learn how to break free from the banking system profiting unfairly at your expense.
Solving banking woes: Discover a powerful concept for becoming your own banker and solving this critical problem.
Competitive returns: Generate significantly higher interest and returns on your money.
Tax-free growth: Watch your capital expand rapidly in a tax-free environment.
Empowering Entrepreneurs: Accelerate your business dreams with easy access to capital through this strategy.
Investor toolset: Secure the liquidity investors need to fund deals and seize opportunities.
Wealth accelerant: Speed your wealth-building potential with this unconventional approach.
Liquidity retained: Maintain access to your money while it grows, unlike other options.
Reclaim lost profits: Stop letting banks take money that should be yours.

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E210: Is it Crazy to Stop Putting Money into the Infinite Banking PUA Rider?

Managing cash flow can be challenging when maximizing your Infinite Banking policies. When is it best to reduce PUA payments to start a new policy? Can you fund PUAs indefinitely?

The answer is that determining how much to fund into Paid-Up Additions Riders (PUAs) each year takes strategy.

In this episode, Nate and Holly share an easy-to-understand framework for funding PUAs in the short and long term.

Learn why PUAs act like a “rocket booster,” rapidly building cash value in the early policy years. In addition, the hosts help you learn how to make nuanced, smart decisions personalized to your situation.

Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.
Get the free resources mentioned in this episode here:

https://livingwealth.com/e210

Checkout The 4 Stages of the Infinite Banking Concept (IBC) Commitment mentioned in this episode:

https://youtu.be/BXX3QRLBFfI?si=sQDTicsbHsftbL1H

Topics Discussed: * Timing is Everything: Learn when paid-up additions riders become unnecessary for policy performance. * New Policy Potential: Discover how reducing scheduled PUAs can launch additional policies. * Psychology of Premiums: Understand the mental blocks limiting premium funding capacity. * Rocket Boosters: See how PUAs rapidly build early cash value like a "rocket booster." * Flexible System Funding: Determine if your age and goals support adjustable PUA contributions. * Peace of Mind: Find out how strategic PUA use encourages premium commitment. * Strategic Scheduling: Realize the value of starting policies with realistic premium schedules. * Understanding Policy Longevity: Consider how policy design impacts future PUA funding flexibility. * Unconventional Approach: Learn how self-banking and Infinite Banking offers an alternative path. * Escape the Bank and Take Control: Discover how you can be the bank and grow wealth on your terms.

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In this episode, Nate shares when and how to deduct interest paid on life insurance policy loans. Many assume it's not possible, but under certain circumstances, the interest can become a business expense.

Learn the critical details that make policy loan interest tax deductible when used for specific purposes. This unique strategy allows you to earn tax-deferred growth in your policy while writing off interest costs.

Get clarity on ideal scenarios to maximize deductions, like using separate policies for personal and business needs. Plus, you’ll hear tips to simplify accounting and create a clean paper trail. Whether commingling funds or segregating accounts, you’ll learn straightforward methods to track deductible interest.

Let this benefit-driven episode open your eyes to little-known ways to leverage policy loans.

Topics Discussed: * Unlock Tax Savings: How policy loan interest can be deductible * Revealed: Unique tax strategies exclusive to life insurance * Myths Exposed: Common myths about deducting policy loan interest * Uncover When: Scenarios where interest write-offs apply * Demystify How: General provisions that enable deductions * Clarify Accounting: Simple accounting tips to maximize deductions * Illuminate Policy Types: The power of segregating policy types * Elucidate Records: Maintaining clean paper trails for transparency * Shed light: Managing commingled policy uses * Make it Simple: Treating loans as interest-only for simplicity * Managing Tax Burdens: The advantages of tax-deferred growth * Use Loans for Advantage: Surprising ways to leverage policy loans

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Many people struggle to gain clarity and control over their finances. Sadly, confusion about complex topics like investing and debt payoff often leads to poor decisions.

In this episode, host Nate sits down with Caleb Guilliams of BetterWealth, an expert in maximizing financial control. Caleb shares his journey to understanding the Infinite Banking Concept.

The discussion centers around a key framework - focusing less on projected investment returns and more on maintaining control. Listeners will gain several actionable insights, including how to evaluate when to access policy funds versus other lending options.

This is a must-watch episode for anyone wanting to optimize control over their capital.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e208

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Financial Control Topics Discussed: * Perspective Shift: How proper insurance unlocks financial control * Clarity Instigator: Why understanding comes before beneficial change * Why Psychology Trumps Math: Emotions, not numbers, drive most money mistakes * Relationship Revelations: Insights from an unlikely small-town bank job * The Mindset Multiplier: Books and mentors that accelerated success * The Holistic View: Why insurance is an "and asset" not an investment * Control and Growth: How to get both with the right foundations * Gaining Peace of Mind: Why debt leverage increases security and opportunity * Cashflow Creator: Rethinking "retirement" as future income planning * Balance Boosting: Using personal balance sheets to understand debt payoff * Barbell Boosting: Ideas for creating high-reward, low-risk ventures * Actionable Insights: When to use policy funds vs. other lending options

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Have you wondered if IBC is a scam or always wondered exactly what to do to put your IBC practice into overdrive? In this episode, Nate reveals why the powerful strategy of Infinite Banking works over time, regardless of economic conditions. Discover how the premier ability of specially designed policies to store capital has helped business icons achieve success. In addition, learn how life insurance policies from mutual companies have historically produced superior results compared to banks.

Find out why now is always the right time to take control of your financial future with this time-tested approach.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e207

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics Discussed: * Freedom: Escape the banking system and take control of your financial future. * Truth: Learn the real secret behind the power of Infinite Banking. * Revealed: Discover why Infinite Banking works in any economic conditions over time. * Superior: How mutual life insurance outperforms banks. * Growth: Understand policy dividends in high-rate environments. * Focus: Find out how to look past rate fluctuations and see the big picture. * Philosophy: Gain deep insight into Infinite Banking Concept principles. * Strategies: Discover real-life implementation examples. * Icons: How policies empowered business legends’ success. * Consistent: A time-tested approach for financial security. * Nuanced: Learn how to challenge conventional thinking on wealth-building for maximum gains. * Control: Learn how to become your own banker and write your own story.

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Retirement accounts like 401Ks and IRAs are staples of traditional financial planning. But what if they aren't all they're cracked up to be?

In this episode, Nate lays out three compelling reasons to reconsider retirement accounts…

First, they kill creativity. Money locked away can't be used for entrepreneurial endeavors with more potential.

Second, retirement accounts breed uncertainty. Your money is vulnerable to unpredictable market swings and future tax policy changes.

Finally, their rates of return are insignificant. Especially after fees, retirement accounts may inch your money forward at a less-than-inspiring pace. If you want to maximize control and minimize uncertainty, it may be time to rethink retirement planning.

This episode will have you look at retirement accounts in a new light.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e206

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

3 Pitfalls of Retirement Programs Topics Discussed: * Freedom: Escape the confines of retirement accounts * Control: Be the master of your financial destiny * Uncertainty: Avoid the risks of unpredictable markets * Taxes: Stop losing money to Uncle Sam's future plans * Creativity: Unlock your potential for private investments * Entrepreneurship: Fund your own ventures, not Wall Street's * Insignificant Market Returns: Mediocre stock market returns that fail to inspire * Independence: Blaze your own trail, don't follow the herd * Confidence: Gain peace of mind and financial certainty * Security: Protect yourself from volatility and market crashes * Significance: Achieve life-changing wealth your way * Autonomy: You're in the driver's seat; shape your financial freedom

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Are you feeling trapped by the endless quest for more money that robs you of joy?

Whether you're rich or poor, the love of money can become a wicked destroyer of lives and relationships. In fact, many secretly serve money, not God. But it doesn't have to control you.

Learn to see money as a tool, not your master…

This liberating episode flips the script on conventional wisdom about wealth and offers hope for breaking free from the idolization of money. Discover why traditional retirement planning breeds fear and greed-fueled discontentment, leaving you spiritually bankrupt.

Let this episode guide you to a more balanced approach, where generosity and stewardship replace stinginess and destructive forms of self-interest. Start building the life you truly want, not the one money dictates.

Hear refreshing spiritual insights and practical advice for finding fulfillment, community, and true wealth. Tune in to regain a perspective that serves you, your family, and your community.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e205

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics Discussed:

Freedom: Discover how to escape the love of money trap. * Perspective: See wealth through a new spiritual lens. * Balance: Learn to make money serve you, not control you. * Security: Understand the false promise of conventional planning. * Purpose: Invest in work aligned with your true calling. * Community: Involve others to find fulfillment beyond profits. * Control: Take charge of your time and financial future. * Generosity: Experience the power of giving over hoarding. * Identity: Don't let your net worth define your self-worth. * Stewardship: Make the most of your talents and resources. * Contentment: Find joy in relationships, not just riches. * Hope: Regain optimism for your financial path forward.

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If you're already familiar with the Infinite Banking Concept, you know it can be a powerful tool for financial freedom. However, most people need help to interpret the policy illustrations correctly. This challenge causes unnecessary confusion and often derails the implementation.

In this follow-up to episode 203, you'll get an insider's perspective on reading policy illustrations effectively. Your host, Nate, will walk you through actual illustrations to showcase the typical trajectory. You'll better understand the critical elements like premium payments, cash value accumulation, and death benefit growth.

More importantly, you'll learn what not to focus on. The illustrations have limitations in comparing policies or projecting future performance. With proper context, you can avoid misinterpreting the numbers. Instead, you'll know how to spot the core policy features that really matter.

Armed with this practical knowledge, you'll gain the clarity needed to evaluate Infinite Banking for your situation. Misconceptions will be replaced with realistic expectations. You'll know what illustrations reveal, what they don't, and why proper perspective is crucial.

This episode is a must-listen if you're ready to implement Infinite Banking confidently.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e204

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Infinite Banking Concept Policy Illustration Topics Discussed:

Freedom from Debt: Learn how to rapidly pay off debt and break free from the banking system using leveraged life insurance policies.
Tax-Free Profits: Discover how properly structured policies can grow your money tax-free without market risk.
Be Your Own Banker: Take control of your financial life by accessing efficient capital from your own privatized banking system.
Buy Assets, Not Liabilities: Use policy cash value to purchase assets that build lasting wealth rather than liabilities that deplete it.
Pay Yourself First: Make policy contributions a top priority to capitalize on your privatized banking system and profit from the earliest days.
Focus on Cash Flow: Track policy cash flow to understand the power of compounding dividends over time.
Proper Perspective: Avoid misinterpreting policy illustrations by understanding their purpose, limitations, and proper context.
Lifetime of Growth: Illustrations showcase the typical trajectory of cash value growth and death benefit increases over your lifetime.
Year-by-Year Returns: See how annual policy contributions produce growing tax-free profits as cash value expands.
Ignore Break-Even: Don't get distracted chasing the breakeven point; focus instead on leveraging cash value.
Beyond Retirement: Build an empire fueled by policy banking that allows you to work on your terms, not someone else's.
Take Control: Stop playing by traditional banking rules and become the master of your financial destiny.

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Building wealth starts with having a solid foundation. In today's episode, we dive into the three biggest mistakes people make when reviewing policy illustrations for Infinite Banking.

By avoiding faulty thinking, you can ensure illustrations serve their true purpose: An educational tool to understand how policies work.

Learn the right mindset so you don’t get distracted by hypothetical numbers. Discover what illustrations can and can’t tell you about a policy’s future performance. Get the clarity you need to fully grasp this wealth-building strategy before seeing projections.

Tune in to gain the knowledge critical for turning life insurance into your own banking system.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e203

IBC Illustration Mistakes Topics Discussed:

Sidestep mistakes: Learn the 3 biggest mistakes that sabotage your infinite banking success
Get perspective: Avoid the faulty thinking that derails your policy illustrations
Reveal truth: Discover what illustrations can and can't reveal about future performance
Decode scales: Get clarity on how dividend scales actually work
See snapshots: Find out why policy projections are just a snapshot, not a crystal ball
Control factors: Understand how interest rates impact your policy beyond anyone's control
Gain the right mindset: Learn the proper perspective so you don’t get distracted by hypothetical numbers
Judge wisely: See why you can’t judge success on whether projections came true
Reveal purpose: Grasp the real purpose of illustrations in infinite banking
Match your goals: Determine if building your own banking system aligns with your goals
Gain knowledge: Find out the critical knowledge you need before ever viewing a policy
Achieve clarity: Gain the clarity required to turn life insurance into your own banking

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Discover how the four stages of the Infinite Banking Concept (IBC) can revolutionize your financial clarity. Nate breaks down the path to transforming confusion into actionable steps, ensuring you're no longer lost in the maze of infinite banking.

If you've ever felt overwhelmed by where to start or how to level up in IBC, this episode is the roadmap you've been seeking—no more falling for myths and indecision.

Dive in and witness how mastering these stages can redefine your financial trajectory. Join us as we reveal the secrets to effectively harnessing IBC's power.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e202

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics Discussed:

Unravel the Four Stages of IBC: Dive deep into the Infinite Banking Concept (IBC) and its multi-tiered wealth-building approach.
Starting Right & Customize Your Approach: Discover the importance of laying out clear financial facts and identifying the perfect IBC strategy tailored to your financial position and readiness.
Understanding the Saver Stage: Grasp why this stage focuses on safeguarding money without specific intent, acting as a reliable and safe storage for your funds.
Introduction to the Capital Builder Stage: Uncover the transformation from mere saving to actively directing cash flow, maximizing your policy's potential.
The Entrepreneur Stage Demystified: Dive into the mindset shift of viewing your policy as a full-fledged banking business, maximizing every dollar of your Free cash flow.
Elevate to the Lifestyle Stage: Uncover the pinnacle of IBC, where you're redirecting more than just Free cash flow into your policies, optimizing every financial decision.
Distinguishing Stages and Strategy: Understand why jumping into advanced IBC strategies prematurely can be counterproductive without the proper commitment.
Myth-Busting: Understand the misconceptions about starting IBC and why it's not a one-size-fits-all journey.
Adopting the Banker's Perspective: Embrace the entrepreneur's vision, realizing that every policy launch is akin to initiating a new business venture.
The Psychological Side of Finance: Learn how decisions are driven more by our emotions than pure objectivity and how that impacts your financial journey.
The Power of Free Cashflow: Define and leverage your Free Cashflow to maximize your benefits.
IBC as a Diversification Tool: Understand how integrating IBC into your financial strategy offers a unique, tax-free, liquid, and safe component.
Personal Financial Projects Spotlight: Discover how policies can fund endeavors like house remodels, car purchases, charitable giving, and college tuition when navigated correctly.
Harnessing Future Windfalls: Understand how the IBC strategy anticipates and leverages potential windfalls like asset sales, business exits, and inheritances to further boost financial success.
Expert Guidance Essential: Recognize the value of expert insights in navigating the advanced stages of IBC, ensuring each step is deliberate and beneficial.

Episode Resources: * 4 Stages of IBC Web Presentation Beginner's Course here now * E175: Advanced Infinite Banking: Unlock the Power of Strategic Loan Balances * Gain FREE access to our Beginner's Course here now * What is Infinite Banking * Who was Nelson Nash?

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What if you couldn't pay your Infinite Banking Concept policy premium? Navigating this financial crossroads doesn't have to be confusing or dire.

In this episode, Nate demystifies the consequences and outlines effective strategies to keep you on the path to financial autonomy. Learn how to turn a potentially stressful situation into an opportunity for financial growth. Arm yourself with knowledge, plan for the unexpected, and transform your financial future. Don't let a hiccup derail your journey—tune in now.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e201

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics Discussed:

Debunking IBC Myths: Delve into the intricate world of IBC policy premiums and separate fact from fiction for a more straightforward financial path.
Journey to Financial Autonomy: Discover how understanding whole life insurance policies can propel you toward taking charge of your financial destiny.
Challenge Your Beliefs: Navigate the nuances between feelings and facts surrounding premiums to make informed decisions.
Arm Yourself with Knowledge: Gain actionable insights on scenarios like missing premium payments and be ready for any financial surprises.
Unlocking Cash Flow: Uncover the transformative idea that premiums can boost your cash value, turning perceived costs into assets.
Beyond Common Misconceptions: Empower yourself by shedding outdated views on insurance policies and usher in a new era of confident financial choices.
Redefining Financial Safety Nets: Learn how a missed premium doesn’t necessarily mean a loss; it's all about understanding the built-in safety mechanisms.
The Policy Window Revealed: Grasp the distinction between MEC limits and base premiums to maximize your investment and benefits.
Busting the Inflexibility Myth: Realize that policies offer an array of choices, from adjusting contribution levels to changing payment modes, giving you unparalleled control.
Confronting Financial Challenges: Equip yourself with the strategies to tackle times when you can't contribute as planned, ensuring your financial strategy remains resilient.
Leveraging Opportunity Costs: Delve into the world of policy funding, ensuring you don't miss out on potential growth, even if circumstances change.
Making Strategic Switches: Harness the power of switching between annual and monthly premiums to maintain financial momentum, even during challenges.

Episode Resources:

Mentioned in this episode -- Episode 177 -- How Infinite Banking Affects Your Income Statement and Balance Sheet
Mentioned in this episode -- Webinar -Can an infinite banking policy pay for itself?
Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, the discussion centers on Nate’s belief that everyone has the opportunity to build their personal empire. However, this requires them to avoid the typical retirement planning tools given to the masses. Additionally, Nate will share precisely what you should focus on and contrast that with the usual retirement planning path.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e200

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

What is the Empire Pathway
How does empire building produce different results and use different strategies than the typical retirement pathway
Explore the concept of creating your own financial empire and its potential for lasting wealth
Understand why deviating from typical retirement planning approaches can lead to a more prosperous future
Gain insights into the differences between pursuing a personal empire and following conventional retirement planning methods
Learn how shifting your mindset towards empire-building can foster financial independence and security

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate answers one of the most frequently asked questions from clients Infinite Banking Concept clients: When is the ideal time to purchase policies for your children?

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e199

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Learn about the potential benefits of initiating policies for your children to lay the foundation for their financial future
Understand how the decision to buy policies for your kids can vary based on your family's unique circumstances and goals
Explore how policies for your children can become a powerful tool for building intergenerational wealth and financial security
What are the myths or misconceptions about buying policies on kids
Discover the main reasons why you should, when you should, how it works when you do, and the limitations of using IBC with your kids

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he delves into the four cons of practicing Infinite Banking. Get ready to explore the less-discussed aspects of this strategy and gain a well-rounded understanding of its potential challenges.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e198

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Understand that there is absolutely no financial strategy that is the best financial strategy
Explore why the Infinite Banking Concept starts slowly and may involve higher costs at first
Unveil the fact that the Infinite Banking Concept can be initially confusing and the best strategies to overcome confusion
Why it is hard to be independent when practicing the Infinite Banking Concept
Learn that everything in the financial world requires some level of discipline in order to be successful

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he tackles a common question from Infinite Banking Concept clients: "Should I prioritize higher premiums or paying down policy loan balances?" Delve into this crucial topic to uncover your financial journey's optimal strategy and focus.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e197

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Discover the difference between policy loan repayments and premiums that you fund
Learn the two different stages of life: the growth stage and the distribution/consolidation stage
Explore factors that influence the choice between increasing premiums or reducing policy loan debts
Uncover strategies for striking the right balance between premiums and policy loan balances to align with your financial objectives
Understand how your unique financial situation and goals can guide your decision-making process
Learn how your decisions can impact the effectiveness of your whole Infinite Banking Concept strategy

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he unveils a strategy that shifts you from playing a finite game with your finances to embracing an infinite game. He also shares how to build a lasting empire that transcends generations and secures your financial legacy.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e196

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Discover strategies for creating a financial empire that stands the test of time and benefits future generations
Understand the critical differences between finite and infinite financial strategies and their long-term implications
Learn how to adopt an infinite game mindset that can help you leave a legacy of financial security and prosperity
How to shift your perspective on retirement by turning your career into an infinite game
Explore the infinite game and how it can guide your financial decisions with a focus on sustained growth

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the five characteristics of whole life insurance that are unique in finance. Combining these five characteristics lets you see why whole life is uniquely positioned to help you build wealth by becoming your own banker.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e195

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Discover how these five traits of whole life combine to create a powerful tool that empowers you to become your own banker and build lasting wealth
Understand how whole life insurance serves as a robust safety net, providing financial protection for you and your loved ones
Learn why the rate of return of the policy is very important in the world of Infinite Banking
Find out how whole life insurance empowers you to take control of your financial future and make informed decisions
Answer why having death benefit from day one of the policy allows you to build a legacy
Explore the tax benefits of whole life insurance, offering potential tax-free growth and withdrawals

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he reveals the three things he cherished most during the first 10 years of his journey with the Infinite Banking Concept. Prepare to be inspired by the invaluable lessons and experiences that have transformed his financial life and discover how it can empower you on your financial path.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e194

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Gain insights from Nate’s experiences and learn from the successes and challenges encountered over the past decade
Discover how Infinite Banking can revolutionize your approach to finances and pave the way to financial freedom
What is a capital mindset, and why is it essential to see your life through it when practicing Infinite Banking Concept
How can you make all your policies produce a positive cashflow
Why the details of insurance bog down the core idea of the Infinite Banking Concept

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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The default option is always the most expensive in every area of life.

In this episode, Nate discusses how to forge a compelling future by paving your path instead of taking the default options that society presents us with

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e193

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Discover why the default option is almost always the most expensive, the slowest, and the worst choice
Why you should ditch the default culture to achieve better results than everyone else by starting to use the Infinite Banking strategy
Gain insights into forging a compelling future by consciously opting out of default options and charting and controlling your course
Explore how deviating from society's default options can lead to greater fulfillment, personal growth, and financial advantages
Learn practical strategies for making intentional choices that align with your goals, values, and long-term financial success

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses if you can pay all expenses through infinite banking policies. He’ll also dive into Nelson Nash's profound statement from his book regarding the alignment of premiums and income. Get ready for insights that expand your understanding of the Infinite Banking Concept.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e192

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Why Nelson Nash said that premiums and income should match
Discover why using a “CVLOC” from a regular bank can help you run your income and expenses through policies
Why running expenses through policies should be the last thing you do in your IBC journey (and for most people, something they will never fully achieve).
Discover how Infinite Banking can provide you with greater control over your finances and the ability to allocate funds for different expenses
Why it’s important to focus on the big-picture vision of IBC instead of focusing on smaller transactions, don’t let the nickel hide the dime!
Learn how leveraging IBC can enhance your financial independence by aligning premiums and income
Why Nelson Nash felt the most important thing anyone could do was expand their mind and THINK DIFFERENTLY
Explore real-world examples and scenarios where Infinite Banking policies can provide comprehensive coverage for various financial needs

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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Join Nate and Holly in this episode as they share invaluable lessons learned from managing Ray Poteet's estate. They deep dive and share how to avoid the pitfalls they encountered, ensuring a smoother journey toward building and transferring your estate. In addition, they discuss two paths available for estate building, yielding vastly different outcomes.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e191

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts

Topics discussed in this episode:

Learn key considerations to ensure an effortless transfer of your estate
Why you should avoid probate at all costs
How to start moving your assets into a trust
Understand the two basic paths for your estate transfer
What is the family office estate concept
Why should you lean towards the family office estate concept if you're an entrepreneur or if you're entrepreneurial in your investments
The retirement building estate path vs. the empire building estate path
Learn how the Infinite Banking Concept adds creativity and influence to your financial plan

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the efficient design of IBC policy premiums and answers common questions on this complex subject. He also discusses the mysteries surrounding premiums and equips you with the knowledge to make informed decisions.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e190

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

What insurance “premium” really means in IBC, and what it's doing inside a policy
How to set up premiums and how you should see and think about it
Learn about common misconceptions and resulting pitfalls that arise with premiums
Understand the relationship between the MEC limit and the base premium
Answer the common question of if you really have to pay premiums forever
Know what to do about your premiums when you're in a tough financial situation
How to handle premiums if you decide to retire

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank.
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he welcomes back the renowned guest, Rabbi Daniel Lapin, to discuss how ancient Jewish wisdom can revolutionize your wealth-building journey. They also discuss the destructive nature of retirement goals and explore alternative focal points for building lasting wealth.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e189

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Learn the destructive nature of retirement goals and their impact on wealth accumulation
How the Bible should be impacting the way you think about your money, wealth, business, and life
Why you should see money as God's intended tool
Discover the difference between how you feel about money and how you think about money
What should we substitute in a society that views retirement as the primary objective of wealth generation
The importance of knowing how you feel about what you do will impact how well you’ll achieve your goals

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate as he dives into a real-life example that demonstrates the incredible potential of the Infinite Banking Concept in maximizing your investment returns. He’ll also share how to strategically leverage your policies so you can amplify the profitability of your investments.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e188

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Understand that Infinite Banking Concept is not about a policy but creating a banking enterprise that funds your life
How to create a family banking business that funds your investments, your family's mortgages, and your family's car loans
Discover practical strategies for utilizing your policies to boost the profits generated by your investments
Learn a detailed example of integrating the Infinite Banking Concept into your investment approach
What happens when we use your policy to make an investment

Episode Resources:

Gain access to our Beginner's Course now FREE to podcast listeners here: https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate and Holly as they unveil the three transformative rules of wealth creation. By implementing these rules, you can revolutionize not only your own life but also the lives of future generations, and it will surely reshape your financial trajectory. They will guide you toward unlocking the path to economic liberation.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e187

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

Learn how implementing these three rules can profoundly impact your life and future generations
How leveraging the Infinite Banking System can contribute to building wealth and achieving financial freedom
Why it is essential to take ownership of your financial future, and why you’ll finally start having fun with your own money in the process
How to grow your active income and leverage it to start an investment businesses
Why the idea of retirement is the biggest destroyer of our wealth
How to build an investing empire that could create true generational wealth

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, join Nate and special guest Chris Bjorling, a successful serial entrepreneur and long-term client. They explore Chris's fascinating journey into the world of Infinite Banking and his impressive achievements since starting his policy seven years ago. They also discussed how he began his lending company, which our audience can invest in.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e186

~ Review on Apple Podcasts

Topics discussed in this episode:

Our client Chris’s fascinating journey into the world of infinite banking and his impressive achievements since starting his policy
Learn how Chris's entrepreneurial spirit paved the way for his own lending company
Find out how you, our audience, can participate and invest in Chris's thriving lending venture
Know how to classify your money correctly so the transactions in your life can make sense, especially when dealing with policies
Unravel the synergy between infinite banking, entrepreneurial success, and investment opportunities that can shape your financial future

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/escapethebank
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses how numbers lie, especially in the financial world. He also discusses why you shouldn't invest money solely in projections and why in the Infinite Banking community, policy illustrations should serve a minor role in your decision-making process.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e185

Topics discussed in this episode:

Discover how numbers can deceive, particularly in the complex world of finance
Why basing your investments solely on projections can lead to risky decisions
Why the Infinite Banking community emphasizes a different approach
Uncover why policy illustrations should play a minor role in your decision-making process
Gain insights into making more informed financial choices
How you can decide based on a deeper and conceptual reality that is likely to achieve what is being projected and not let your ears get tickled by some fancy projections
How the Infinite banking concept can save you from losing some money

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate reveals strategies to turn your Infinite Banking system policies into a profitable business venture. He also discusses the four essential steps that will empower you to control your finances and unlock the full potential of IBC.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e184

Topics discussed in this episode:

Why you should create your own profitable banking system
Understand a revolutionary approach to maximizing the impact of Infinite Banking on your finances
Learn powerful strategies that can transform your financial life and unlock the true potential of Infinite Banking
How to maximize the gains and benefits of Infinite Banking for a more prosperous future
How to practice Infinite Banking appropriately and make every transaction work for you

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses a revolutionary approach to maximizing the impact of Infinite Banking on your finances. He also discusses the simple yet powerful strategies that can transform your financial life and unlock the true potential of Infinite Banking.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e183

Topics discussed in this episode:

Why you should create your own profitable banking system
Understand a revolutionary approach to maximizing the impact of Infinite Banking on your finances
Learn powerful strategies that can transform your financial life and unlock the true potential of Infinite Banking
How to maximize the gains and benefits of Infinite Banking for a more prosperous future
How to practice Infinite Banking appropriately and make every transaction work for you

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate delves into the true essence of Infinite Banking. Whether you have been practicing IBC for years or just starting to explore the concept, this episode will bring incredible clarity to what “becoming your own banker” can accomplish for you.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e182

Topics discussed in this episode:

Discover the real meaning and potential of Infinite Banking for your financial future
Learn how the IBC system explores a better alternative to building up, storing, and deploying capital
What are the benefits of using whole life insurance policies as a financial tool
Know how Infinite Banking can provide you with long-term financial security and peace of mind
Understand why banks do not use their money
How banks use BOLI (Bank-owned Life insurance) primarily
Why do mutual life insurance companies exist
Uncover the misconceptions surrounding Infinite Banking and gain clarity on how it can work for you

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate and Holly pay tribute to the late Ray Poteet, sharing the valuable lessons they learned from him. They also discuss how Ray's contributions have advanced the concept of infinite banking, paving the way for future generations to benefit from his work.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e181

Topics discussed in this episode:

Discover the inspiring story of Ray Poteet and how he became a trailblazer in the world of Infinite Banking
Learn about the valuable lessons we can get from Ray that can benefit your financial journey
Know how Ray's vision and contributions have pushed the boundaries of Infinite Banking, making it more accessible and useful for everyone
Understand the importance of a long-term perspective when it comes to financial planning and how infinite banking can help you achieve your goals over time
See more potential of IBC to create generational wealth and provide financial security for your loved ones

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate explores the topic of managing extra cash when practicing infinite banking. By taking a holistic approach to managing your finances, you can optimize the effectiveness of your Infinite Banking strategy and achieve greater financial security and freedom.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e180

Topics discussed in this episode:

Explore various options for utilizing extra funds, such as having strategic loan balances
Gain expert insights on how to take a holistic approach to financial management for greater success
Why does every decision that you make when practicing IBC needs to be logical
Learn how to prioritize and allocate your extra cash to achieve maximum benefit and growth
How to navigate potential pitfalls and risks associated with managing extra cash, and how to avoid common mistakes
Practical tips on how to incorporate the Infinite Banking Concept into your overall financial plan

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate explains the significance of initiating the use of your infinite banking policies. While simply having a policy in place is a good start, more is needed to reap the full benefits of infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e179

Topics discussed in this episode:

Discover Nate's game-changing perspective on infinite banking policies
Learn why passivity is the ultimate enemy of success in IBC
Uncover the connection between confidence and successful IBC practice
Gain insight into the importance of taking action to steer your financial ship
Uncover why using policies is crucial for becoming a successful IBC’er
Why human behavior trumps math in a debt management
Ramsey vs. Shapiro: human faults vs. math, which wins?
How to shift your financial mindset for long-term control
Realize the importance of moving beyond math to achieve financial success
Understanding the four Stages of IBC: Saver, Capital Builder, Entrepreneur, Lifestyle
Learn from Nelson Nash's wisdom on forming new habits

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate explores how to identify for whom the infinite banking concept will provide the most value. It’s what he calls finding the ideal client. In addition, the episode reveals how a tailored approach and a robust consultant-client relationship can lead to long-term success with IBC.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e178

Topics discussed in this episode:

How to determine if you are someone who can benefit the most from the Infinite Banking Concept
Learn how to align your goals to maximize value from an IBC consultant
Find out how we focus on providing value to the right people that can help them be the best banker they can be
Uncover the difference between a consultant relationship and an order-taker relationship in the banking world
How to get the most benefits from engaging with a consultant who values ongoing communication and collaboration
Harness the power of infinite banking with a proactive mindset
Understand the importance of having a clear goal and vision for maximizing the benefits of IBC
Recognize the distinction between using IBC as a tactic versus a long-term strategy
Why the best clients are those that are interested in presenting their ideas for how IBC works
How we help you learn how to think inside of the infinite banking paradigm

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate explains the impact of infinite banking on your income statement and balance sheet and why misclassifying policy transactions can harm your financial mindset.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e177

Topics discussed in this episode:

Learn how infinite banking can help you take control of your finances and achieve financial freedom
Understanding how financial statements work
Find out how to avoid common mistakes that can negatively affect your income statement and balance sheet
Why do policy transactions not affect the income statement or budget
Uncover tips for successfully implementing infinite banking in your personal finances
Why whole life insurance premiums have a unique effect on the balance sheet
How different policy transactions affect your income statement, your personal income statement, and your balance sheet
Gain insight into how policy cash value, real estate, stocks, mutual funds, and retirement programs are assets that should be on the asset side of the balance sheet

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https:/livingwealth.com/bankonyourself
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses how you can earn life-changing rates of return on your investments with very little overall risk by choosing your investments using the barbell strategy.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e176

Topics discussed in this episode:

Why consider implementing the Barbell strategy to optimize your portfolio
How to achieve high returns with minimal risk by using the barbell investing strategy
Why this strategy requires discipline and a long-term perspective but can lead to life-changing rates of return on investments
Find out what steps to take before making any investment decisions to ensure financial success
Understand how regular rebalancing is necessary to maintain the desired allocation and maximize returns
Explore the advantages of individual stocks, options, and other high-risk investments as part of your overall strategy

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/bankonyourself/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses how Silicon Valley Bank collapsed, and he also answers the question, "Could something similar happen to mutual life insurance companies?" In addition, he'll detail essential lessons for all of us to learn in light of the recent bank meltdowns.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e175-bonus

Topics discussed in this episode:

Explanation of what caused Silicon Valley Bank and Signature Bank to fail, including the unique set of financial risks they faced
How banks operate and how they invest deposits from customers
Why banks and companies that stretch for yields are vulnerable to meltdowns, and the same can happen to individual investors
How monitoring and regulation of banks and mutual life insurance companies contrast
Comparison of mutual life insurance companies to other types of financial institutions, such as banks and credit unions.
Understanding how Mutual life insurance companies are different and more resilient to economic upheavals
Learn to evaluate the bank's risk management strategies and policies
Lessons on the liquidity of investments and financial positions and how to consider them as a power in financial planning
Explanation of how becoming your own banker using dividend-paying whole life insurance policies with mutual life insurance companies is unlikely to face the same risks as traditional banks

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses one of the more advanced topics in IBC, strategic loan balances. He’ll also dive into what is a strategic loan balance, who can benefit from having a strategic loan balance, and why they're not for everybody.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e175

Topics discussed in this episode:

Defining strategic loan balances and their importance in financial management.
How strategic loan balance is connected to your infinite banking system
Analyzing the factors that impact strategic loan balances, including interest rates, market conditions, and loan term
Evaluating the opportunity cost of maintaining a strategic loan balance versus paying off loans early
Identifying potential risks associated with strategic loan balances, such as default and credit risk

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate and Holly discuss how stressful and dangerous it can be to live life with underfunded future liabilities.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e174

Topics discussed in this episode:

The five areas of life where people often find themselves underfunded financially
Why it is important to properly fund these future liabilities
Mutual funds and stock accounts are actually not good at producing retirement income
How big the causes are due to unfunded liabilities
How to create a situation in which you are very financially secure and be over-capitalized in the future
What can the Infinite Banking system do to overcome the dangers of underfunded liabilities

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the optimal way to set up your infinite banking system so that you can get the most profit out of becoming your own banker.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e173

Topics discussed in this episode:

What should you be doing to get the most out of IBC
The most powerful breakthroughs of IBC
Why IBC is meant to optimize your entire financial life
Determine what should be flowing through IBC policies
Understanding facts about the premium levels that you start

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate continues the discussion of the six financial principles that serve as the bedrock of the Infinite Banking Concept.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e172

Topics discussed in this episode:

You Finance Everything You Buy
Banking is Inescapable
People succeed best when they implement a process
Capital Attracts Opportunities
Mutual Insurance Companies provide the best way to “plug in” to the banking system as owners.
Safe Capital creates an Antifragile financial position

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the six financial principles that serve as the bedrock of the Infinite Banking Concept.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e171

Topics discussed in this episode:

You Finance Everything You Buy
Banking is Inescapable
People succeed best when they implement a process
Capital Attracts Opportunities
Mutual Insurance Companies provide the best way to “plug in” to the banking system as owners.
Safe Capital creates an Antifragile financial position

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate and Holly sit down to discuss the journey that led them here to Living Wealth and to the Infinite Banking Concept as a whole.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e170

Topics discussed in this episode:

The Journey of what led them to learn about Infinite Banking
This podcast has become a huge blessing in Living Wealth
How to be practically and financially free
The right financial perspectives to live by

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate sits down with friends and clients Garret and Miles Gastile, where they discuss their journey getting started with Infinite Banking. They also discuss the many ways they've successfully implemented the process in this short period of time.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e169

Topics discussed in this episode:

How can Infinite Banking Concept change your perspective
What are some things Miles and Garrett had to overcome to really believe in IBC
Why paying premiums can be really exciting in one of two ways
What were their biggest questions and hesitations while learning about IBC
Understanding the fundamental layers of Infinite Banking

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, I discussed the real reasons why universal life insurance policies cannot be used to practice infinite banking and why participating in whole life insurance must be used to become your banker.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e168

Topics discussed in this episode:

The detailed flaws of the policies
What is Nelson Nash's idea of becoming your own banker
Why banking is inescapable and a fundamental fact of life
The impact that last year had on IUL owners and how it came as a shock to a lot of them
Why you can't practice IBC with Insurance Universal Life

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/.
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the proper perspective for premiums while practicing the infinite banking concept. This is the most important understanding that will determine your success.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e167

Topics discussed in this episode:

Why your relationship with premiums is the most important deciding factor for whether or not IBC will be a success for you
Starting IBC with great intention
What is the incorrect understanding of premiums
Why most fears of capitalizing policies through premiums are based on incorrect ideas
Loans and loan repayments fit in the same window in IBC
Why should you think that premiums are not payments

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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When the world is seemingly bursting at the seams and chaos starts to settle in, the simple life of infinite banking starts to shine more and more.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e166

Topics discussed in this episode:

Rules and Process to become Confident Financially
What it is like to be in an IBC during Chaos
Why you should learn a new Paradigm and Idea in times of Chaos
Opportunity to experience something you've never experienced before
Understanding how simple IBC Life can be

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate discusses the most common critiques of infinite banking that you can find online to figure out which critiques are fair and which critiques are misleading.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e165

Topics discussed in this episode:

Why there's no such thing as a financial strategy that cannot be critiqued
The reality of Financial Life - Why every strategy comes with sets of pros and cons
Determine whether or not you should do Infinite Banking
Every financial strategy is compelling or unnecessary depending on situational realities
You can practice infinite banking to be better off than you hadn't in objective terms

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate and Holly discuss the biggest misconceptions about policy loans and how to avoid them in this episode. Unfortunately, these are the misconceptions many people believe when they get started with the Infinite Banking Concept that can lower their wealth-building trajectory.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e164

Topics discussed in this episode:

Understanding the process of why and when you take policy loans
What actually takes place with policy loans and How to Utilize those with your policy
What's the point of ever borrowing from Policy Loans?
The Three ways for a Policy to grow
Why the real power in IBC is the capitalization of the policies

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate answers a common question, which is when does it make sense to use your policy to pay for something, or should you just pay for it with cash?

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e163

Topics discussed in this episode:

Why would it make sense then to use a policy and actually pay policy loan interest to do something?
What's keeping you from actually fully transitioning into becoming your own banker
Policy Loan makes sense for almost everything if you have structured your financial position
Why You need to set yourself up in the true pure IBC fashion
Understanding that there's no magic in policy loans

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate & Holly discuss the four main risks of tax-deferred programs, and they also discuss how understanding those risks can help decide whether those programs are suitable for you.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e162

Topics discussed in this episode: * Understanding the actual risk-reward situation that's being offered by retirement programs * Why Volatility risk can hit in a few different ways * The tax risk and its risk-reward tug of war are going on once again * Why is opportunity risk the least concrete risk and probably the most important? * Why Political risk is the most farfetched one

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate answers the question, why is it so difficult to get people interested in the infinite banking concept? He'll offer suggestions to help you successfully discuss IBC with the people around you. And if you're new to IBC and are trying to figure out if this is a worthwhile endeavor for you, answering this question will help you understand why IBC can feel so difficult to comprehend to its fullest.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e161

Topics discussed in this episode:

Why is it so difficult to answer or to get people interested in infinite banking?
Why do some people think IBC can feel odd, salesy, and too good to be true?
Why it has taken so long for infinite banking to start becoming more mainstream?
IBC is not as big of a paradigm shift as religion.
The paradigm of retirement planning or retirement programming

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, we discuss the four different stages of infinite banking commitment that each person will find themselves in. We also discuss the pros and cons of each stage.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e160

Topics discussed in this episode:

How much money do you have to get started with
What is it going to cost You to get started
The Saver Stage and how to start getting more out of it
The Capital Builder Stage
The Entrepreneur Stage
The Lifestyle Stage and how to maximize your IBC

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, we answer the question, does it ever make sense to own a modified endowment contract, otherwise known as a MEC? We will also dive into what exactly is a MEC, what are the pros and cons of owning a MEC, and under which situations is a MEC desirable.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e159

Topics discussed in this episode:

What exactly is MEC?
Become your own banker through a specific type of life insurance policy
How MEC applies to Infinite Banking
When a MEC must be created to do its job for you
Pros and Cons of Owning MEC

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate and Holly discuss the three most important perspectives to adopt in your life if you want to be confident and successful while you practice Infinite Banking. They also discuss on how banking works, how our money works and what is Infinite Banking doing with it.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e158

Topics Discussed:

Three main keys that are necessary to be Confident and Successful While Practicing Infinite Banking.
How to Design the Policy
The little pockets and buckets in Life
Why do we all need to see Premiums and Loan Repayments as Building your Wealth
Infinite Banking is not a Quick Fix

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, Nate sits down with Ray Poteet, the founder of Living Wealth. Together they discuss how Ray uses his infinite baking policies to produce passive income through his lending business. He also shares an unexpected benefit that removes the fear of retirement from his life using this clever strategy.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e157

Topics discussed in this episode:

Why Retirement Produces a lot of Fear and Anxiety in People's Lives
How Does IBC Result in Retirement?
How Would Infinite Banking System Produce Passive Income?
Inside look into Ray Poteet's Financial IBC Picture as it sits
Do You Think IBC Would Work out Real well Just Doing the Family?

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, we discuss how rising interest rates will start to impact the economy as a whole, and also how rising interest rates impact infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e156

Topics discussed in this episode:

How Rates Impact the Economy and What to Expect in the Coming Months
Why the History of Inflation is Repeating Itself
One Piece That's Keeping Inflation Super Heavy Right now
What is a Safer Method That we can do if we Don't Want to tie up our Money in a Bond for Years
Why it is Important to Find an Asset That Grows Really well in Good Times and in Bad Times
How Does Raising Interest Rate in the Economy Impact IBC

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, we discuss how Warren Buffet is essentially practicing the Infinite Banking Concept on steroids and how you can mimic what he's doing on your own level through what we will call financial synergy.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e155

Topics discussed in this episode:

• How Infinite Banking is really all about Financial Synergy
• The Ability to control your own money instead of parking it in a Bank
• The Biggest Problem with Conventional Retirement Programs
• How Warren Buffet is essentially practicing the Infinite Banking Concept on Steroids
• How you can add Synergy to what you're doing

Episode Resources:

Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

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In this episode, we discuss the four main reasons people decide not to implement infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e154

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In this episode, we discuss the idea of leaving evergreen assets to your heirs, and how it's the best way to create lasting generational wealth for your family. And also how you can turn Infinite Banking into an evergreen asset by creating a family banking business.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e153

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In this episode, we discuss how the Infinite Banking Concept empowers you to grow financially in many different ways. This is why we call IBC the financial gateway drug. It's often the first step to taking back control of your finances and spearheading your journey to financial independence.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e152

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In this episode, we discussed the two big ways recessions negatively impact your economy and how you can set yourself up to thrive during a recession.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e151

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In this episode, we discuss how the idea of retirement is a socialist concept that is doing more harm than good. We also share how changing your focus to financial independence can create a far more fulfilling life than focusing on the conventional idea of retirement.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e150

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In this episode, we answer the question, "what is the best insurance company to use when practicing infinite banking?"

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e149

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In this episode, we discussed the difference between owning a life insurance policy and being your own banker.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e148

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In this episode, we discussed the biggest pitfalls you will experience following the herd. Specifically, we deep dive into what happens when you only use conventional wealth-building tools offered by Wall Street and the government.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e147

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In this episode, we discuss how you can protect yourself from volatility during financial crises in the same way banks do. We'll also share how you can even use the same tools they do to ensure you can withstand financial distress in times of trouble.

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In this episode, we discuss life insurance policy dividends: why they are so crucial to the concept of infinite banking and the main factors that affect dividend amounts.

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In this episode, we discuss the three ways that practicing infinite banking can increase the return of every investment you make.

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Today, discuss three things you can do to get the best results from infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e143

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This episode discusses three significant flaws associated with retirement programs and why we believe you can get much better results by avoiding retirement programs altogether.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e142

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In this episode, we discuss the main misconception about tax planning using qualified retirement programs. We also explain why it is one of our biggest pet peeves when meeting with clients or accountants.

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In this episode, we discuss what happens to Infinite Banking policies if the dollar collapses or hyperinflation hits. We also discuss what you can do to protect yourself in light of the current global turmoil. ~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e140

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In this episode, we discuss one of the most common questions that comes up as you plan for retirement, "How much money can I safely withdraw from my accounts without running out of money?"

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In this episode, we discussed how keeping money in motion is better to build wealth than the conventional wisdom that focuses on storing money up in accounts for decades without ever getting your hands on it.

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In this episode, we discussed the question, "do I really need an emergency fund?" Not only do we get questions on this topic, but we also find out that there are still some misconceptions having to do with this ingrained bank account mentality in all of us. So we dive into emergency funds and ways that money might actually be put to more productive and protective uses.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e137

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In this episode, we discuss how infinite banking is not a get out of debt system and why that thinking easily confuses both the novice and the experienced infinite banker.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e136

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In this episode, we discussed the advanced life insurance strategies that the wealthy have been using for years. Whole life insurance is one of the most commonly used assets for high net worth individuals, from executive-level compensation packages to transferring large estates. We wrap up by discussing how the infinite banking concept is the one strategy that can be utilized by anyone, regardless of their economic position.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e135

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In this episode, we discuss how focusing on the rate of return can be very misleading. We'll also share how using the infinite banking process can help you make more money on every investment opportunity that comes your way.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e134

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In this episode, we discuss the economic fact that you finance everything you buy, even when you pay cash. We also demonstrate how you can profit from everything you purchase using the same strategy and tools of some of the wealthiest people in recent history.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e133

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In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e132

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This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e131

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In this episode, we discuss one of the most commonly asked infinite banking questions. When should I use my policy to pay for something, and when should I use cash?

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e130

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One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e129

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In this episode, we discuss how you can determine whether or not it makes sense for you to invest in a 401k. This speaks to the more common question people have of, "What should I be doing with my money?"

Not everyone is the same or in the same place. So, it can make sense for some people to put money in it, whereas other people should really steer clear from it. Today, we provide simple ways to make the best investment decision for you and your family.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e128

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In this episode, we discuss the five human natures that limit our ability to succeed financially. These impact us when it comes to the Infinite Banking Concept especially.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e127

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In this episode, we provide answers to the most common objections we hear from people that are investigating the Infinite Banking Concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e126

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In this episode, we interview Ray Poteet, the founder of Living Wealth. He joins us to discuss what the best practitioners of Infinite Banking do, and compare that to the clients who are not maximizing IBC.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e125

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In this episode, we discuss how you can avoid the three most common mistakes people make when practicing the Infinite Banking Concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e124

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In this episode, discuss how the default option in almost every area of life is the most expensive. We also share how you can get yourself out of the herd to avoid the slaughterhouse.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e123

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In this episode, we discuss the power of certainty in your finances. We also share how to identify and limit the external factors seeking to destroy your future.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e122

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In this episode, we discuss financial risk. Most of us are aware that certain investments are riskier than others, but what do we mean when we say that? Are there different kinds of risks, and how do you know what types you should take?

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e121

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In this episode, we discuss how the current political environment is flashing warning signals of inflation. We'll also share how the infinite banking concept can protect you from the harmful effects of inflation, be it transitory hyperinflation or long-term.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e120

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In this episode, we discuss the age-old personal finance question, "Should I buy more assets, or should I pay off debt?" Navigating and answering this question is especially vital within the Infinite Banking system.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e119

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This episode turns the tables on some of the most common misconceptions about infinite banking and whole life insurance promoted by many ignorant financial gurus. Chief among them is the claim in the news that if you received the COVID-19 vaccine, it would void your death benefit because it's an experimental drug. We'll share the truth direct from the industry and what you must need to know.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e118

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In this episode, we discuss the unseen power of infinite banking to transform lives and how you can't put all the benefits of IBC on a spreadsheet. DESCRIPTION

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https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e117

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In this episode, we discuss the most common advanced questions we receive from our existing clients and others that already have experience with infinite banking.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e116

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In this episode, we answer the most common questions we receive from individuals who are just starting out on their infinite banking journey. These are the wonderful beginner questions nearly everyone has.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e115

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In this episode, we discuss the ton of misconceptions that banks want you to believe about mortgages and interest rates. We'll share what you ought to be doing instead.

 Get instant access to our FREE How to Really Make Your Home Mortgage Work For You presentation here now:

https://livingwealth.com/mortgage/

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In this episode, we discuss what we can all learn about the right ways and the wrong ways to build sustainable wealth in light of the recent GameStop fiasco.

The GameStop stock price has been on a tear, going wild for the past couple of weeks, increasing value by orders of magnitude. It was all based on a Reddit forum, essentially seeing that the Wall Street gurus were all shorting GameStop. They were shorting it because they thought that GameStop would lose a bunch of value. The company was experiencing a challenging time navigating as a business due to the results of the pandemic. GameStop is a video game retail outlet that mainly lives in malls, a type of retail outlet walloped by the pandemic.

We share our thoughts on the big takeaways from the events.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e113

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In this episode, we will discuss the best ways for you to introduce your family and friends to the infinite banking concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e112

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In this episode, we discuss the reasons why you should not be deferring taxes into the future due to the current tax and political environment. We also share how you can avoid paying too much in tax to the Internal Revenue Service.

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We discuss the concept of self-insurance often peddled by many self-proclaimed financial gurus. We'll also share how the economic value of certainty can improve the quality of your life.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e110

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How to use policy loans is one of the most common questions we receive. This includes why someone would even want to take a policy loan and pay interest. At first blush, it may seem counter-intuitive when trying to build wealth. So, in today's episode, we discuss how policy loans work.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e109

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In this episode, we answer common questions about modified endowment contracts. What are they? How do they apply to infinite banking policies? Does it ever make sense to own a policy that is classified as a modified endowment contract?

 For free transcripts and resources, please visit https://livingwealth.com/e108/

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In this episode, Holly and Nate discuss the three keys to being successful at infinite banking.

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In this episode, we welcome back special guest Ray Poteet. Together, we'll take you beyond the numbers of infinite banking and share some personal testimonies of what infinite banking has allowed us to do that we would not have been able to do or experience without our policies.

~ Access our Masterclass FREE to podcast listeners here:

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In this episode, we discuss the two most significant flaws in planning for retirement. We'll also reveal why we believe the conventional concept of retirement is actually detrimental to your goal of becoming financially successful.

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~ Access our Masterclass FREE to podcast listeners here:

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~ Get resources and transcripts from this episode by visiting:

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We share the best thing you can do with your money. All of us want to be good stewards of our money and want our money to be working hard for us. But in the financial world, there is no one-size-fits-all strategy.

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Founder Ray Poteet joins us to share his wisdom on building generational wealth using Infinite Banking.

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This episode explains the difference between direct recognition and non-direct recognition policy loans and how they impact your policy as you practice infinite banking.

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Today, we discuss the most common questions we receive from people thinking of starting an infinite banking policy. These answers apply whether considering your first policy or adding a new policy to their system.

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We will discuss how easy it is to get your ears tickled by rates of return. We'll also share how to focus on the fundamentals behind an investment, and also why the rate of return mentality should not follow you into the world of infinite banking.

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We break down the three financial barriers that try to keep you from becoming wealthy. And we'll also discuss how you can put hundreds of thousands of dollars back in your pocket, simply by making a few changes to your financial plan

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In this episode, we will discuss the criteria you should use when deciding which company is best for practicing Infinite Banking. We'll also discuss why life insurance policy illustrations can be deceptive. And what will be the biggest determining factor in your success as an infinite banker.

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An industry insider and big wig joins Holly and Nate. He shares insights into how Whole Life has performed financially during the COVID-19 pandemic.

Get instant access to our FREE Secret Banking Masterclass here now: https://livingwealth.com/secretbanking/

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In this episode, we share valuable tips with special guests on breaking free from wall street.

~ Access our Masterclass FREE to podcast listeners here:

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In this episode, we discuss exactly how to build a proper infinite banking policy, and we answer the most common questions that we get about policy design.

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In this episode, we will discuss why it's time to rethink how you use money, and how you can mimic the rich and how they use money and use it in your own personal financial situation.

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~ Get resources and transcripts from this episode by visiting:

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~ Get resources and transcripts from this episode by visiting:

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Do you believe that retirement programs are excellent tax shelters? We will discuss the three most significant issues with how retirement programs are taxed and how you can save yourself from overpaying Uncle Sam.

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In this episode, we bring back the founder of Living Wealth, Ray Poteet, to share how the process of infinite banking has allowed him to recoup money that he lost from an investment that went south and how he is using that money today.

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In this episode, we discuss why it's so important to focus your investing in the areas that you truly enjoy and believe in.

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Today we discuss the coronavirus impact on the economy and the stock market. We also share how you can shield yourself from economic collapses just like this and make a killing during market collapses. Don't get wiped out by black swan events.

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In this episode, we are continuing our question-answering series. We'll discuss some of the most common questions we receive from our clients. And today, the focus is going to be on how and when to use your policy.

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In this episode, we discuss one of the most common questions asked by those that have started their infinite banking journey. We'll also share how you can get the best results out of your policies once you've gotten started.

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In this episode, we discuss why financial gurus like Dave Ramsey are wrong when they tell the world to buy term and invest the difference, and then how infinite banking can fit into anyone's financial picture.

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In this episode, we will share exactly how you can finance college with an Infinite Banking Policy. We'll also discuss the different options whether you're in school now, you've recently graduated, you are trying to pay off your student loans, or if you're saving money for your kids to go to school in the future.

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In this episode, we will discuss how to put more money back in your pocket by turning your liabilities into assets.

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We discuss the most prominent reasons why banks purchase so much whole life insurance. You'll learn the secrets from them by following in their footsteps.

Banks are in the money business, obviously. So, if they're in the money business and they're buying a product of which you're being told not to buy, you should start asking why we're told don't buy whole life insurance.

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In this episode, we discuss three of the most common misconceptions people believe about their retirement that could blindside them and wreak havoc on their retirement.

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We discuss how the rate of return numbers can be manipulated to deceive you into believing an investment is better than it is. We'll also share how to protect yourself from predatory investments.

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We discuss how we assess whole life insurance policies to determine if they're good or bad for you. We also share what you can do with your policy if it's losing money.

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We share a strategy that will boost the profit you can make in almost any investment.

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We share how to change the way that you think about money so you can be successful in Infinite Banking. We'll also discuss why infinite banking is so unique in the financial world.

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In this episode, we discuss why it is crucial to own infinite banking policies for yourself and your family even if they are not earning an income.

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We discuss why it's essential to stop going through the motions with your money. Step number one: determine what you're genuinely passionate about in your financial life and then make decisions that drive you towards your goal. If you define what success is, you can attain it. Find out how in this episode.

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We correct the three most common infinite banking myths so that you can build your banking system with clarity and confidence.

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In this episode, we will discuss one of the most frequently asked questions about money. How can I make sure that I don't run out of money before I die? We're going to give insight into why this happens and what you can do to make sure it doesn't happen to you.

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In this episode, we discuss the millennial financial crisis at hand, how it's getting worse, and what people can do to protect themselves.

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e discuss the most important element for success with infinite banking, and how it can free you from financial slavery forever.

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In this episode, we discuss what it means to be an honest banker and how you can protect yourself from being your own worst enemy as you're trying to become financially independent.

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We discuss the three biggest banking myths people believe. These myths can dictate your behavior and hold back your ability to build wealth.

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We continue our discussion on mortgage myths and how to turn your house into an asset. You'll be able to beat the bank and pay yourself first.

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We discuss how to avoid the biggest mortgage pitfalls most people fall into so you can use your mortgage to your advantage.

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We discuss the basics of how to build and fund a banking policy from the start. Plus, we'll share real-world examples of how other people have funded their policies to help you understand what it could look like for you.

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Special guest Ray Poteet joins us to discuss how you can use infinite banking to take the stress away from paying your income taxes each year. Plus, he'll share how you can actually make a profit doing so.

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In this episode, we will discuss the importance of working with a mutual life insurance company, and how to start thinking like an owner instead of a depositor.

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We discuss the unrealistic retirement expectations people have, and how you can find fulfillment in your work instead of merely working for a paycheck.

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We discuss the value of making loans funded through an infinite banking policy. We also share how policy loans affect your policy and the real way you should think about that internally in the policy.

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We discuss stagnant money versus money in motion, and how infinite banking can help you make money in a whole new way.

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We discuss how infinite banking is more like starting a business than just saving money and how you can operate your finances like a business.

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Ray Poteet joins us to share the money mistakes that he's made over the past almost 50 years to help you avoid the same pitfalls. These are lessons from both in the investment world, as well as the errors he made while initially practicing Infinite Banking.

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Ray Poteet joins us to share strategies and tactics for building and leaving a legacy of wealth. A must listen for any parents, grandparents, and expecting grandparents.

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We share how to best position yourself to make it through the unexpected catastrophes of life, both big and small. Plus, we'll share how infinite banking can be a great foundation to have in place when the unexpected hits.

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We discuss two end of year tax strategy misconceptions that you should avoid. We'll also deep dive on how to think big picture when you're making your tax plan.

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e discuss the danger of letting your emotions dominate your decisions. We also share how you can learn to start with your head, not with your heart.

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We discuss the impact opportunity cost has on your money. Plus, we'll share how you can avoid missing out on the wealth caused by idle or misused dollars.

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We discuss the best investment you can make and how infinite banking can help you become a better investor. Tune in to this episode of the podcast and find out now.

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We discuss the dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.

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E51: Three Concealed Bank Myths Costing You Money

Find out about the three most common bank myths costing you money. Changing the way you think about banking can put thousands of dollars in your pocket.

Today, we're talking about how to build your own bank and some of the issues with banking. You see, the way that most of us treat it costs us money and we don't even know it. If you change the way, you think we believe you can make a lot more money because banking is probably rather inefficient for most people.

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Get the three biggest rules you should follow to be successful financially. Learn the most significant principles and structure to follow for building real wealth.

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Having structure is very important in most areas of life. If you want to be successful with your family, if you're going to be successful at your work, you want to be successful at getting in shape, your best results will come from picking a sound system and sticking with it.

Our mission is to help people break the bonds of financial slavery. That's why we are so passionate about sharing. These rules will benefit the vast majority of people in real money terms. They will also impact your emotional and spiritual life in substantial ways.

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In this episode, we discuss what Ron Paul calls, "The biggest financial bubble in the history of mankind," and how you can survive the next financial disaster.

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This bubble is built on the fact that the U.S. debt to spending ration is completely out of balance. Basically, we're not doing anything to reduce our debt, but we also just keep spending, and spending, and spending.

The U.S. debt to spending ration is more than merely bad budgeting, though. It also impacts the stock market. Most of us would probably agree that the market is overpriced right now. It's inflated, it's a bubble as they would say. Even though most of us have this feeling that, "Okay, it's true that markets go up, they go down. Ride them out and up, then it crashes, then you ride it back up." Most of us are aware that it's been 10 years since the last major crash, the last major correction. That's a long time in the world of stock markets continue without a major correction.

The question most of us are wondering is why did the market recover and reach all these new time highs, and how are we able to sustain all this debt? Then the bigger question, "What can we do to insulate and protect ourselves?"

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We discuss when it makes sense to stop paying premiums towards your whole life policy when you're using it as a banking tool. We'll also share why you'll probably have to change your perspective on the word "premium" if you want to be successful at IBC.

The trouble comes in when people viewer their whole life insurance policy as just another insurance. If I make a $500 payment towards car insurance, home insurance, and different things, we all know I have less money the next day. I'm poorer now.

But IBC is actually a different type of premium payment. The money doesn't vanish into someone else's pocket.

We need to change the way we see these premiums from adding into the payment side of the budget to the asset side of the budget. Then you get to see what happens when you pay the premiums.

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We discuss the mental barriers that prevent your financial success. And we'll share the things that you need to do to create a proper financial strategic vision instead of just counting on hope and fantasy to take you where you want to go.

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Mental barriers are insidious and elusive. Often, it takes someone else to point them out to you. And these roadblocks could be a great hindrance when it comes to your wealth creation.

Join us as we break down the walls and rebuild workable solutions.

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The 401(k) match is probably the most common tool used by Americans today as they try to save for the future. But is it right for you? In this episode, we will discuss the many questions to ask yourself to decide if it is a good fit for you. Your home may need a new home.

~ Get resources and transcripts here:

https://livingwealth.com/e46/

People ask us almost every day what they should I do with their 401(k). The answer is not a black or white. It requires asking critical questions that will help you make the right decision for your circumstances.

There are several inherent problems with the 401(k). However, the main redeeming factor in them is the employer match.

But most of the people we've spoken with on a daily basis are only doing this because everybody else is doing it. And they don't know what else to do. The truth is this: Most people know little to nothing about what's going on with the money inside their 401(k).

Questions to Ask about 401(k): * Why are you doing the 401(k) and is it something you genuinely believe is best for you? * Is it giving you a false sense of security? * Is the match really a good deal? * Do you believe taxes are going to go up or down over the next 10 to 20 years? * How high are the fees compared to other tools? * How well does the mutual fund the 401(k) perform relative to the rest of the market? * Is the marketing going to continue going up or is it due for another recession? * Are you willing to lock up your money where it's practically inaccessible for the foreseeable future? * Is the number you see in your account the real dollar figure or does it change drastically when taxes and fees are calculated?

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In this episode, we discuss how you can avoid going bankrupt paying for college.

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There are a ton of questions parents ask themselves when thinking about paying for their child's college tuition. What are some things we can avoid when we send our kids to college? How do we pay for this and not go bankrupt in the process?

And merely to send them to med school, it can cost up to $2.6 million in some situations. This is putting your kid through college, med school, and specialty. Now that doesn't mean you will have all that debt, but they're going to graduate with a lot of debt.

It is possible in the world we live in today to have this kind of debt when they graduate. And we as parents want nothing more than to have our kids succeed, be successful, and to pursue those dreams they want to do.

But at what cost? Every year it's getting more and more and more expensive.

~ Paying for College Without Going Broke Topics Discussed:

The ever-growing cost of paying for college tuition.
Tactics and strategies for reducing costs.
Building a "family scholarship"
Leveraging financial aid and scholarships
Negotiating with colleges
How to "look poor on paper" without being poor
The hidden trouble with 529 programs
The sneaky scholarship and aid trick with whole life insurance

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In this episode, we discuss the importance of defining financial freedom for yourself, so you know the exact steps you need to take to get there.

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We're often asked, "How do I actually be financially free and what does that mean?"

The simple truth is this: financial freedom can mean different things to different people. And we often try to put ourselves in a box by judging ourselves against what somebody else is doing.

But that's their definition of what being financially free is. By using someone else's interpretation, we're not building a roadmap that meets our personal needs.

The answer is to not try to fit your dreams into other people's expectations, or just try to model it after somebody else. Because we believe that if you know what you're striving for, it's way easier to backtrack and see what steps you have to take.

So the real question we should be asking ourselves is this: What is financial freedom mean to you?

To help narrow things down, we'll explore three ways to understand and define your own route.

~ Thee Ways to Define Your Finacial Freedom:

When your passive income surpasses your lifestyle
Finally being in control of your money and getting rid of the debt that's nagging you
Being able to leave a legacy

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In this episode, we discuss how businesses can use the Infinite Banking concept to solve their need for capital, potentially lower their taxes, and even lower employee churn.

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A quick disclaimer: This is going be tailored towards business owners. And it is going to be more tailored to the concept that we teach here at Living Wealth: Infinite Banking, maybe even more so than we have in the past.

If you're not a business owner, there will be a lot of valuable information for you also. And if this is one of the first episodes you've listened to, you may want to go back and review a couple of the past episodes because this one is gonna be more detailed and in-depth; it might go right past you if you don't.

Make Infinite Banking Concept Work in Your Business Topics Discussed: * The capital benefit of using IBC in your business * Replacing traditional capital forms * Growing polices in a business over time * Using IBC to lower a business' tax burden * IBC as a benefit to high-value employees * Using IBC as a form of Pension for employees * Leveraging IBC to lower employee churn

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We discuss why it is so important to make your money do multiple jobs at the same time. In other words: Make your money work for you. If you're thinking that you have far too little to show for all the work you've done over the years, maybe it's time to have your money pick up the load and start doing the work for you.

~ Get the discount code, resources, and transcripts here:
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Making Your Money Do Multiple Jobs Topics Discussed: * Leveraging real estate * Assets that do more than sit * Using Infinite Banking * Mixing policies and real estate * Going well beyond death benefits * Recapturing charitable giving in a beneficial and meaningful way * Keeping more tax dollars and putting them to work * The counterintuitive way to work with debt that really works * What is lifestyle banking * Earning money on college tuition

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In this episode, we're joined once again by Rabbi Daniel Lapin. He enlightens us on the biggest retirement myths, the biblical implications, and what leaving a legacy really means.

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Retirement Myths and Legacy Topics Discussed:

Does the bible mention retirement
Why there isn't a Hebrew word for retirement
The retirement myth and misfocus
Re-engineering your career to find enthusiasm for what you do
Is Rabbi Lapin against volunteering
Finding balance by living in the past, present, and future
What leaving a legacy really means
Planning for your children's children's future
Leaving your Legacy in trusted hands

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In this episode, we sit down with Rabbi Daniel Lapin. He enlightens us on the spiritual nature of money and the tragedy of resentment.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e40

Rabbi Daniel Lapin is the author of Thou Shall Prosper and Business Secrets from the Bible, among many other works. He is the President of The American Alliance of Jews and Christians and is an exceptionally gifted communicator.

He reaches out to both Jews and Christians with Biblical money principles and ancient Jewish wisdom, mainly in regards to finance and business. And he has become one of America's most compelling and persuasive voices in defense of what he calls "Ethical Capitalism."

Topics Discussed: * Does God want you to be rich? * What is money * The case for the spiritual nature of money * The instincts that hold people back * The tragedy of resentment * Defining spiritual and why it's important * Rabbi's most useful pet of all, a chimpanzee * The interplay of trust, faith, and money * Why understanding what money is and how it behaves important

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In this episode, we will discuss the three biggest whole life insurance myths so you can clearly see how whole life insurance could work for you.

~ Get resources and transcripts from this episode by visiting:

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We try to reveal some things, common myths, common outside-the-box thinking strategies to help you. And probably the most important one to us is this thing called the infinite banking concept, how become your own banker.

And it uses this tool, whole life insurance, in a way that most everyone, including myself, including Holly, would have had no idea that whole life insurance could work this way.

One of the things that we've certainly found is there are a lot of myths floating around. And these are certainly prohibiting people, due to things they've heard in the past, from even opening up to this new concept and on how to use this tool.

Whole Life Insurance Myths Discussed: * Is Whole Life too expensive? * Rethinking how to use a policy today and secure tomorrow * Payment Mentality vs. Deposit Mentality * When and where term life insurance makes sense * Is the rate of return on whole life terrible? * On taxation * Do you have to be young to purchase whole life?

~ Get resources and transcripts from this episode by visiting:

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In this episode, we discuss the differences between Austrian economics and Keynesian economics. And will explain how you can use infinite banking to break free from the money manipulation of the Federal Reserve.

~ Get a Free Copy of The Tree of Wealth by reviewing this podcast here:

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~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e38/

In episode 36, we covered hyperinflation, cryptocurrencies, infinite banking, and how all of them go hand in hand. And we talked a little bit about economics.

Today, we're going to go deeper into Keynesian economics and Austrian economics. Which ones better? Which one presents the greatest benefit for you and society as a whole? And we'll even examine how infinite banking applies on a grander scale of economics.

Economics, Federal Reserve Money Manipulation, and Infinite Banking: * Keynesian economics * Austrian economics * When a dollar isn't necessarily a dollar * The Gold Standard * Nelson Nash and the creation of the Infinite Banking Concept * The implications of widespread IBC adoption

Take Aways: "I like the simplicity of the fact that in Austrian economics, one dollar is one dollar. If you don't have the dollar to represent the dollar, then you don't have a dollar."

"In Keynesian economics, you're essentially saying a dollar isn't necessarily just one dollar. Most of us would say its kinda funny money."

"The main difference between the two is that the Keynesians believe that there should be an authority manipulating the market, whereas the Austrians believe the market should be free and in control."

"We say, a dollar today is stronger than a dollar in the future, just because of inflation and the economy."

"You can break free from the system, and if we get enough people to really be their own bankers, we may be able to, in the grand scheme of things, kind of cripple this Federal Reserve system."

Episode Resources: https://livingwealth.com/e38/

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In this episode, we will discuss the power of using your imagination with your money. And we will deep dive on outside the box thinking that almost always produces better results than doing what everyone else is doing.

~ Get show notes and resources here:

https://livingwealth.com/e37/

 This is a topic that rings true for us and our podcast. You see, there are reasons why like outside the box: Typically, things inside the box don't always produce success. And using the average strategies and tactics will end up netting you status quo finances.

As the tagline of the show states, if you follow the heard you will be slaughtered. The average person goes along with what the crowd is doing without question. And they don't put much thought into it. They relinquish their control to an idea that it will all work out in the end. It has to; everyone else is doing it, after all.

We challenge those beliefs and arm you with the knowledge to question conventional wisdom today.

Financial Outside The Box Thinking Topics Covered: * Rethinking and questioning 401K's * How and why 401K's became so prevalent * The long-term outcome of 'going with the flow' without questioning the destination * A case story for teaching kids about money and generating passive income at the same time * Rethinking and questioning the 529 plan * When leveraging a Home Equity Line of Credit (HELOC) makes sense and doesn't

Episode Takeaways: "There are reasons why like outside the box: Typically, things inside the box don't always produce success."

"Most of us do a 401K, not because we necessarily believe in it, but because everybody else is doing it. Instead, start asking the question, "Why are you actually putting money into a 401K?""

"I've heard people verbatim say this: "We thought we were doing everything right." It turns out it wasn't enough or some extenuating circumstances took it away from their retirement."

"You have to realize when you put your money even in a 529 program it limits you on what you're able to use it for, and it also can hinder even your kids and their financial aid in going to school"

"Don't be afraid just because nobody else is doing that, that you're wrong. Think outside the box and question the status quo."

"There can be times when it makes sense to use other people's money, whether it's a HELOC or other ways. A lot of people are so locked into trying to get to where they don't owe anybody anything, which is a good goal, but you may be letting the nickel hide the dime."

~ Get show notes and resources here:

https://livingwealth.com/e37/

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In this episode, we discuss the effects of hyperinflation on Infinite Banking policies. We also dive into the rise of cryptocurrencies and how you can remain flexible to navigate the issues that are on the horizon.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e36/

Hyperinflation, in a nutshell, is when a country's currency becomes devalued. And people lose trust in the money, consequently.

We've seen hyperinflation in the US to a certain extent back in the 1980's. But we've never experienced anything like what took place in Zimbabwe here in the US.

Some other countries, like Zimbabwe and the Weimar Republic, experienced hyperinflation to extreme levels. These are instances where the peoples of those countries were forced to carry around millions of dollars to fill up their cars with gas, sometimes trillions of dollars to do anything. So this is an almost foreign to us.

The problem starts when a government decides to print more money. That's the number one cause of inflation: the increase in money supply. Just like anything in the world, when supply goes up, typically the price goes down. The same thing happens with money.

When the money supply goes up, the value of the dollar becomes less; especially when other countries start to stop accepting the money. Then it can go out of control. This is when hyperinflation is experienced: Rapid inflation.

This inability of governments to 'help themselves' can be said to be one of the contributing factors of the rise in popularity of cryptocurrencies.

The big question here is this: What impact does all this have on IBC policies?

We answer all this and more in this episode.

Hyperinflation, Cryptocurrencies, and Infinite Banking Topics Discussed * What is inflation * What causes hyperinflation * When governments and central banks lose the trust of the people they serve * The rise of cryptocurrencies * Crypto cryptocurrency confusion * The impact of inflation and hyperinflation on IBC policies * Is IBC as an investment or a bank * Why we need to keep money in motion * Giving money lots of jobs to make it work for you

Episode Takeaways: "Hyperinflation is when inflation hyperinflation happens rapidly."

"Many of us think, "We're in a hyperinflation state," yet we honestly don't know what it is. I would say we're totally headed there, absolutely, 100%."

"The world is seeing that the governments entrusted with controlling the money supply is a dumb idea. So, that's why the cryptocurrencies are a thing."

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e36/

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In this episode, Ray Poteet is back to share the Infinite Banking History with us. Ray's also going to be telling us exactly what he has done over the past 17-years with Infinite Banking. And he'll open up about the wealth that's been created by following the principles taught through these concepts.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e35/

Infinite Banking History Topics Discussed: * Where did IBC (Infinite Banking Concept) come from * When Ray first got introduced to IBC * The time Ray became very upset with the insurance industry * The time Ray met author R. Nelson Nash * When the light really went off for Ray * The seemingly impossible ways he's leveraged IBC * Using IBC to keep money in motion

Episode Takeaways: "As I read the book I became very, very upset. Not upset with the book, but upset with my industry. Why had it had not shared Infinite Banking with me?"

" We went through twenty-six cars in twenty-five years... if I had the ability to use my policies on all of those cars, I would have $323,000 that I didn't have now."

"all of a sudden I thought, "Well this would work for a vacation. This would work for an addition to the house, this would work for new furniture. If I had known this.""

"one thing I've noticed at my age is a lot of people are concerned about running out of money. I can tell you I do not have that fear today."

"Not that it's unhealthy to be a penny pincher but it really turns off the stimulation and kills your dreaming if you're worried about money all the time. You're not as productive or as creative."

"your money's not locked up and you're thinking differently."

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e35/

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In this episode, we have special guest Ray Poteet. He shares lessons on the importance of grandparents in the lives of their grandchildren. And we discuss how grandparents can their grandchildren grow with understanding about money how money works.

Ray Poteet helped his grandchildren by what he's done with them and for them, especially financially. As many of you know, he's the founder of Living Wealth a mentor to the hosts of the show.

Being a grandparent and now a great-grandparent, teaching other grandparents what he's learned is a passion of Ray's. So this is a special episode and topic to him.

Speaking about money is often a taboo subject in most homes. But as Ray says,

We teach them how to drive. We teach them how to run on a computer. [...] but we don't teach them about money.

Yet, it took money to buy a car. It took money to buy a cell phone. It took money to go out to eat. It took money to take them to Disneyland. The item that we needed to do all those things we forget to talk to them about.

So let's get to talk about money and other wisdom grandparents can share in this episode.

[podcastsubscribe]

Grandparents on Money Topics Discussed: * The case for getting a parenting mentor * Getting a grandparenting mentor * Where to 'park' wealth to be of benefit to future generations * Learning to actually talk about money * At what age a policy can and should be started for a child * Leveraging Infinite Banking Concepts to build a legacy * The true destroyer of wealth and one way to guard against it * The advantage of the grandparent's long view of time * Changing money mindsets

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Episode Takeaways: It takes money to do most of the things we do every day in life. Yet, we forget to ever talk about money with our children and grandchildren.

As a grandparent and great-grandparent, teaching about money is the greatest joy I have right now. And I have the tool to be able to teach them.

I was so used to storing money. I was very fearful of not having enough. Now I'm more concerned if money is sitting and not moving rather than an amount of money.

Teach them motion of money instead of money sitting. Teach them replenishing and recapturing instead of just spending money.

The word God says knowledge is power. It also says in Hosea, "My people perish for lack of knowledge.

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In this episode, we will discuss the three best money resolutions. These are simple changes can make for the new year that will actually make a difference in your life.

We have just kicked off the new year. And everyone is trying to figure out what type of resolutions and goals they're going to set for themselves.

I'm going to ask you this: Have you personally ever actually followed through with it a New Years resolution? Most likely the answer is no or not many. The intention is to follow through, and you do good for the first couple days, maybe even the first couple weeks. But then 'life gets in the way'.

So we've come up with a few things that we think can really help people and are fairly simple to change. These are money resolutions they could actually achieve.

Normally with a resolution, it's something you have to give up. Think of these as more a call to action. They are money resolutions that can help you and your family. And they create a sense of accomplishment versus a sense of failure.

Simple 2018 Money Resolutions Topics Discussed: * Building emergency funds and rainy day funds * Aligning what you do and what you believe * Using money to accomplish what you want * Setting an investment priority * Following your passion to make investment decisions * Being intentional with your charity * Turning complaints into action * Building a tribe of support with like-minded people

Episode Takeaways: Even though they probably would rather do something else. They're not loving their 401K.

Don't just stuff money into your 401K because you have been doing it. But instead, make a sophisticated decision.

Stop doing things you don't want to do with your money just because you always did it that way. Do something you're passionate about with money.

Start giving intentionally, not just going through the motions and almost like checking it off the list.

Words don't mean a lot. So stop talking about problems and start do something about them.

There is hope.That's the biggest thing: You can have hope and nobody can take that hope away unless you surrender it.

Surround yourself with people that want to accomplish financial freedom along side you.

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In this episode, we take a close look at Dave Ramsey's advice on finance. We discuss who it's good for, who it's not good for, some things that he says that is great advice, and other things that some would say would be poor advice.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e32/

A lot of us know who Dave Ramsey is. He is on 500 radio stations across the US.

Some of what Ramsey shares is good and some we would call poor advice. So you need to start asking yourself this question, "Does this make sense?"

The best thing is that he helps people that do not know how to control their spending or to live within their means. And he does teach a disciplined approach to actually budget and live within your means. His advice and strategies are great if you're struggling to get a system in place that gives you the ability to start saving.

The Best and Worst Dave Ramsey's Advice Topics Discussed: * Who the advice is good for * Who the advice is bad for * The wisdom of having an emergency fund * Budgeting and living within your means * The advanced topics Ramsey leaves out * How you're drawn into the stories and miss asking the hard questions * When "buying term and investing the difference" isn't the right decision to make * The different kinds of whole-life insurance policies and their annual growth rates * The whole truth about mutual funds generating a 12% rate of return * Doing the math on mutual funds for retirement * The hidden fees not accounted for eating up wealth * How whole life stacks up against mutual funds * The differences between good debt and bad debt * What the wealthy high-level financial players like Robert Kiyosaki do * When Dave Ramsey doesn't follow his own logic and math with home mortgages

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e32/

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In this episode, we question the notion that you save money using tax-deferred programs. Typically, this is sold through funding your IRA or your 401K. We'll also clarify what we believe a real tax-savings is. ~ Show notes and resources from this episode can be found here: https://livingwealth.com/e31 We hear a lot from our clients come this time of the year saying, "Hey, I normally fund my IRA or my 401K because my tax bill is so high. The common thought is that you will save money on taxes by funding them. But we have a beef with this. It doesn't actually save money on taxes. It's a smoking mirrors type of thing. What people don't really understand is that on these deferred programs you're not actually saving any money on taxes. They're not called the tax savings programs. However, they are called tax-deferred programs. We discuss in more detail in this episode... ~ The Tax-Saving Hoax of Tax-Deferred Programs Topics Discussed: ~ * Doing the math * Tax-savings vs. tax-deferred * The long-term outlook on tax rates * IRAs and 401Ks * The impact of inflation * Opportunity costs * Leveraging whole life insurance policies ~ Episode Takeaways: ~ "When you put money into the tax-deferred program, you truly are eroding your wealth due to the time and inflation." "Every time you put money where you can't touch it, you're automatically guaranteeing the dollars that come back are weaker." "looking to reduce, not defer, but reduce taxes is to think how you can serve people and start a business." Show notes and resources from this episode can be found here: https://livingwealth.com/e31

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In this episode, we discuss the fundamentals of ensuring a better financial future. We'll dive seeing the reality of your financial situation. And you'll learn how it's easy to achieve your goals when you have a solid understanding of where you're at right now. ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e30 Today's episode is exciting for us to do because it relates very much to something we do every day with the people. We try to help people get more comfortable with talking about money and bring a clear reality to where they're at. From there we can show them that it really is possible to get out of any financial situation that you found yourself in. The first step is just finding out where you're at. This is what we mean by reality. So, we're going to talk about seeing this reality and how to build roadmaps that lead you to success. But first, we unravel why some people afraid to talk about where they're at financially. And we'll uncover why they're afraid of money in the first place. ~ Ensuring a Better Financial Future Topics Discussed: ~ * Overcoming the fear of looking at and talking about money * Understanding where your dollars are going and why * Overcoming the fear of asking for help with money * Why people avoid outside advice * What a financial GPS is and how to use to get financially unstuck * Building a roadmap out of trouble ~ Episode Takeaways: ~ "We know we're getting paid, we know we're paid good money, but it seems like even if we get a pay raise, that money's just gone instantly." "People get stuck with your own thoughts about money, and the problem is your own thoughts are what got you into the problem, to begin with." "The key to a financial GPS is we always need to know exactly where you're at in order for the GPS to mean anything and make sense." ~ Get resources and transcripts from this episode by visiting: https://livingwealth.com/e30

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In this episode, we will discuss how to leave a better legacy. And we'll share some practical tips you can implement that will help you leave a large and generational legacy for your family.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e29/

Leaving a better legacy is a topic that's dear to our heart because we deal mainly with the world of life insurance. In episode 29, we're going to talk about some practical steps, but as well as some philosophical, I guess you could

Today, we're going to talk about some concrete steps. And we'll share some fundamental philosophies, so you can leave a better legacy that will last.

Leave a Better Legacy Topics Covered: * Figuring out how much money is enough * Getting rid of poverty mentalities * The Bible's stance on inheritance * Ridding yourself of the scarcity mentality * Setting bigger long-term financial priorities * Developing and passing down money wisdom * What we can learn from two of the wealthiest American families that ever existed * How saving 10% is a myth that could hurt you

Episode Takeaways: There are two mentalities of we scrimp and we save so that we don't really live life at all. And we pass that mentality down to our kids.

Biblically, it says in Proverbs that a good man, a righteous man, leaves an inheritance for his children's children.

We ought to try to leave as much good with [our kids] along with the money [...] instead of having this scarcity mindset.

With a [...] abundance mindset [...] if you start thinking about it that way, it will come to pass.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e29/

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In this episode, we'll discuss how you could easily make over $100,000 throughout your working lifetime by just changing where you hold your emergency money of all things.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e28/

Emergency funds are crucial to buttressing and protecting our financial life from the unexpected catastrophes. But they're not always given the attention they should receive. And, when people do have them in place, they tend to actually lose money unknowingly.

 We run into this a lot, where we're teaching people how to use a policy to be their own banker and make a lot more money. But for some reason, there's a mental block, which keeps them from seeing their policy as a bank. They still see a bank account as a bank and a policy as something different. Nothing makes that clearer than when people talk to us about their emergency fund and how they would never want to move that into a policy or something like that.

Today we're going to talk about emergency funds. How to use your policy as your emergency fund, how much more money you could be making with that, and really how a policy has all the characteristics that you would look for in a really great emergency fund.

 [podcastsubscribe]

Emergency Money Episode Topics: * What is an emergency fund * Why should everyone have one * Penalties and taxes for using money from your Roth or 401K in an emergency * Stepping outside the "bank box" * The problem with putting emergency funds in a savings account * How Life Insurance companies are more accountable and safer than banks

Episode Takeaways: It is the fund where you put extra money or cash in case you have an emergency, be it a medical emergency, be it the car breaking down, be it unexpected dental work -- anything unexpected.

Emergency Fund: Liquid money that's easily accessible and it doesn't have any risk associated with it. It's not stuck somewhere.

Over 30 years, you would miss out on over $130,000 if you left your emergency fund sitting in a checking or savings account compared to a policy.

 Even in the Depression, where thousands of banks went under, most insurance companies didn't go under.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e28/

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In this episode, we will discuss how to end debt. You see, there is a difference between paying off your debt and recapturing your debt. And we'll explain how this works so you can finally get off the debt hamster wheel.

There are some staggering statistics on the level of debt Americans are carrying. It's truly frightening.

But it's vitally important that you change your mindset from merely, I want to get out of debt. This should change to wanting to recapture your debt.

Getting out of debt is a topic speak with clients about every day, and that's the problem with debt. And whenever you adhere to the concept of becoming your own banker, you start to see ways of making a lot of money by recapturing your debt.

The problem is that a lot of people know what we mean by recapturing debt. And there's one more step that needs to take place we share in this episode.

How to End Debt and Recapture Your Money Topics: * How bad is the debt crisis * What is recapturing debt * Using a policy as the engine * The counter-intuitive way investing debt works * Understanding asset rich and cash poor * Finding opportunities to teach children about debt

Episode Takeaways: In 2017, we are in a greater financial crisis that we were in 2008 ... because we're carrying even more debt in the US.

Household US debt currently in the first quarter in 2017 was $12.87 trillion, and that is all of us living on debt.

We've got to learn to recapture debt, especially if we're going to bring down the debt in the US.

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In this episode, we discuss a question that we've both been asked many times when it comes to banks vs. insurance. The question is, are mutual life insurance companies as safe as banks to put my money? The answer may surprise you.

 Banks vs. insurance, which is safer is something that we've been asked many times. It's a great question to ask, in fact. People are wanting to know their money won't disappear on them.

And so, the common question we get related to infinite banking is this: "Is my money going to be as safe in the policy as it is, just sitting in a bank account. There's a lot of nuances there.

We believe that it definitely is. There's a lot of reasons for it. Why would we present banks being riskier to put your money in, than a mutual life insurance company, and a policy there?

Banks vs. Insurance Topics Discussed: * The federal government and state government's role * Austrian economics and why its role in insurance is important * Leveraged money vs. Non-leveraged money * Factors forcing insurance companies to play it straight with your money * The myth and nuance of the FDIC banks protections argument * Why banks buy life insurance policies

Episode Takeaways: Insurance companies actually adhere to what's called Austrian Economics. They can't loan out money they don't have.

Banks failed left and right, and are bailed out. No mutual life insurance company had to get any assistance.

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In this episode, we'll discuss the reasons why you shouldn't be so excited about your tax refund, and maybe what you should do instead.

This episode is going to be a fun one. We hear all the time, even in our realm of business, "Maybe I'll get started when I get my tax refund." Or, "I'm looking forward to getting my tax refund, then I'll finally have money."

We have a different viewpoint on it. And we want to make sure everyone else understands, not only about the tax refund, but we also have some other things to say that you may want to implement.

When you think about a tax refund, it's your money you already gave the government to use for a period, or they had it. Whether it be an estimated tax, or by the time you file the taxes, you get the refund.

But, in reality, it was your money that you gave to the government to use, and then they just sent that money back to you. And they didn't send it back to you with interest payments. It's not the same dollars you sent them. It's different dollars, and yet we get excited because, "Yay, we get a refund."

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e24

Rethinking Tax Refunds Topics Discussed: * Should you get excited about a refund * Keeping your money in your control and working for you * Ways of leveraging a policy to come out ahead * Why Warren Buffet is rumored to differ paying his taxes for up to 7 years

Episode Takeaways: I will say the IRS is the biggest robber of our wealth out there today.

Why do I want to give the IRS good dollars today for them to give me weaker dollars in the future?

Instead of giving that estimated tax over to the IRS, we've put it into a life insurance policy because the growth will pay any penalty.

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In this episode, we sit down with a special guest, Ray Poteet -- the founder of Living Wealth. We discuss the biggest investment pitfalls to be aware of and how you can learn from his mistakes, so you won't have to suffer like he did.In this episode, we sit down with a special guest, Ray Poteet -- the founder of Living Wealth. We discuss the biggest investment pitfalls to be aware of and how you can learn from his mistakes, so you won't have to suffer like he did.

How to spot investment pitfalls is harder than experiencing them. And the road to growing your financial freedom is littered with landmines. Some are similar, but most tend to be unique and hard to spot the first time around. Sometimes we even repeat mistakes if they're not pointed out to us by a trusted guide.

They're not hard to spot. You just have to know what you're looking for. And, Ray shares the worst of them in this episode.

Get resources and transcripts here:

Investment Pitfalls

Investment Pitfalls Shared and Topics Discussed: * The folly of looking at rates * When an advisor doesn't own the things they sell * The danger of chasing "the next big thing" * When you should never borrow to invest * Why money needs to always be in motion * Staying platonic with investments and keeping with rational investment decisions

~ Get resources and transcripts from this episode by visiting:
https://livingwealth.com/e22/

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Is paying cash the best option? In this episode, we will discuss how you can learn how to maximize your dollars by changing how you purchase the things you need in life.

In today's world of finance, the Holy Grail is to get out of debt and to be able to pay cash for everything. That's what we're taught by all the major financial gurus, pay cash, pay cash. Get out of debt, get out of debt.

We're not saying that's a bad idea. But we can offer some insight into how you can improve your situation even further. That's going to be the goal for today.

So is only using cash the best option?

The answer: it depends.

In fact, we think there are some better ways to do it.
~ Get Out of Debt and Paying Cash Topics Discussed:

How can we find something else that's better than paying cash
What are some of the pitfalls with paying cash
Being asset rich vs. cash Poor
Is using cash necessarily bad
Good debt vs. bad debt
How to leverage debt in a financially healthy way
Why it's important to keep money in motion
The real cost every time you pay in cash

~ Cash vs. Debt Episode Takeaways:

Every time you pay cash your money stops earning for you.
Really, we want to keep your money in motion.
There is a difference between bad debt and good debt.
A pitfall with paying cash are your asset rich, cash poor.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e22/

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In this episode, we discuss the biggest pension myths, and how you can make the best decision for you and your family.

To start, one of the most significant points to focus on in your pension is who to insure. People often ask the questions, "Do you just insure the individual who qualifies for the pension plan? Or if you're married, do you also include your spouse? And what are the pros or cons to including a spouse in regards to the pension plan?"

You go, you work your whole life, you retire, and then they give you an option. It's to choose to get the monthly income just on you, or for you and your spouse. Of course, we're all concerned about the well-being of our spouses. When you first see the number, you say, "Here's the monthly amount of money I can receive from a pension with just me. And if I add my spouse, wow, that's a massive reduction." So it causes people some stress when they see the monthly reduction of money per month if they add their spouse to it.

And there's so much more. Which, we'll cover in this episode to help you maximize your pension.

~ Pension Myths and Maximization Topics Discussed:

Who to insure in your pension plan
Ensuring your spouse is provided for
Leveraging a dividend paying whole life insurance policy correctly
Where social security fits in, or doesn't
Can you count on your pension to be there when you retire
How to maximize your pension

~ Pension Mythis Episode Takeaways:

If I die, the day after, she's set because I've been building life insurance banking policies to create wealth
If you only put money in a pension, you can't leave a legacy of wealth for your family.
So more and more, it's becoming a reality that pension programs are going out of existence.
Social security too is that it's constantly changing and who knows how long honestly, it's going to be around for.
With the city of Detroit going bankrupt. All the people who had pensions, guess what? They're gone.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e21/

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In this episode, we'll pick up where we left off in episode 19. We'll share how to build the perfect life insurance policy to use for becoming your own banker.

The primary goal of this episode is to discuss why we do what we do. What it focuses on the life insurance policy is when doing banking. And, in the last episode, we shared all the reasons why you're not supposed to use other types of policies and other methods to design policies.

So if you haven't listened to episode 19, we suggest you listen to it first because we went through a few important foundational points. And you may want to know that we're going to compare.

When it comes to building your own banking system, the focus is not on benefit. Instead, we're cash focused. So the goal is to actually put as much of your premium dollars into a paid up additions writer as you can. Which will stuff the policy go straight into the cash value. And in this episode, we explain how this is all done.

~ The Perfect Life Insurance Policy:
* The correct policy for use in Infinite Banking
* What is a paid up additions writer and how is it used
* What is a mutual company
* Traditional Life Insurance vs. Infinite Banking
* Being cash focused vs. benefit focused
* Understanding guaranteed interest rate vs. guaranteed cash value

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e20

Episode Takeaways:

When buying a single premium writer, you're buying it strictly to have cash, and it buys you a little bit of guaranteed death benefit.
Without a paid up additions writer, the policy is going to underperform, and it won't be a banking policy.
Life insurance it's called life insurance. It's not called death insurance. It should be life giving, to an extent.
With banking, we're not benefit focused. You're cash focused.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e20

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Not all life insurance is created equal. In this episode, we discuss the biggest problems found in certain life insurance policies. And we'll cover why you would never want to use them in your banking system.

Now, for those of our listeners who have been with us for a while, they know that we're big fans of a particular concept. It's called the “becoming your own banker” idea. It uses life insurance as a tool to practice banking in a brand new way.

But the problem is that there are so many different kinds of policies out there. We have people come to us who have these policies, and they want to know if they're any good.

So we describe to you a few of the policies to avoid, especially if you're doing this banking concept.

~ Life Insurance Policies to Avoid Discussed:

Indexed policies
Universal variable policies
Term insurance
Hidden servicing fees and cost increases
Funny business with numbers
The fine print costing you control
What your agent needs to clearly explain to you

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e19

~ Episode Takeaways:

That's the issue with universal life is it may turn out okay, but that's not really up to you.
The insurance company has the control of the policy to determine what they're going to cap you at, so they can always drop the cap.
Banks don't buy these policies and there's a reason why, because they can't control what happens to that policy due to the guarantees and all the things that are given control over to the insurance company.

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In this episode, we will discuss the three biggest wealth destroyers and also give you ideas of how to break free from their clutches.

So much money is leaking from three areas that we're going to discuss. If people knew what was going on with their money that they're earning and saving, they'd be mortified.

Bottom line: Taxes are the largest destroyers of wealth. But there is also a slew of other rats eating at your money. And sadly, most people don't even pay attention to them or know they exist.

So we'll bring things to light and share with you how to protect yourself today.

Wealth Destroyers Identified and Topics Discussed:

The taxes secretly robbing you blind
The 1.8 Million Dollar opportunity cost
Hidden impact of taxes on retirement programs
The sneaky money thief: inflation
How inflation becomes a compounding problem
Fractional Reserve Banking's effect on inflation
Credit Cards
Hidden fees in retirement programs
Hidden fees in mutual funds

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e18

Episode Takeaways:

3+3+3 always equals 9. But when you put money into the game math doesn't work thanks to inflation.
We're taught to believe today's dollars are the same as tomorrow's dollars. They're not!
The biggest hidden fees are in mutual funds and retirement programs that go to the money managers.
Taxes, inflation, and fees rob people of enormous amounts of wealth. And they don't usually know it.

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In this episode, we will discuss why you need to become your own banker, even if you have no debt.

We're often asked, "What if I don't have any debt?" Or "How does Infinite Banking work once I'm out of debt?"

You see, a lot of people have been taught to take loans, and they pay off their loans. And people who follow this line of thinking don't have any debt.

But what those people don't understand is that banks make just as much money off your deposits as they do on your loans. So, the reality is you might not have any debt, be making any mortgage payments, loan payments, or even credit card payments, but you are still depositing money into a banking system.

In other words, the bank doesn't care if you deposit money with them or if you borrow money from them. They just want your money!

The reason why you need to become your own banker is it's not just about paying off debt; it's about getting the bank completely out of your money. They are the ones who are conning us into believing that they're a good place to make money when in reality, they're the ones making a killing off of you no matter what chair you're sitting in.

So join us as we deep dive on why you need to become your own banker.

~ Become Your Own Banker Topics Discussed: ~

Common questions about becoming your own banker
How banks make money both ways
The tax implications of storing your money in a bank
The opportunity cost of not becoming your own banker
Who put your cash to work for you in unconventional ways
Building personal systems for wealth growth like a bank
Getting out of debt
Recapturing the interest you've previously paid everyone else

~ Episode Takeaways: ~

Banks don't care if you deposit money with them or if you borrow money from them. They just want your money.
The dollar that we made in the bank savings account, we pay taxes on.
Banks make just as much money off of your deposits as they do on your loans. It may be time to be your own banker.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e17

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In this episode, we will discuss how to teach kids about money and the biggest mistake parents make. You see, there are three big mistakes parents make when teaching kids about money, and what you can do instead to help them have a healthy relationship with money.

How to teach kids about money is an underserved topic. It's also a very interesting topic because each person has their goals to teach with their kids. But there are a few common mistakes that people can make when teaching kids about money. These are points nearly everybody can probably agree with, to a certain extent.

And in this episode, we also discuss the topic from two different perspectives: Parents of young children just starting to approach the subject and parents of more mature children needing to further the discussion.

So join us as we dispell mythise and bring some sunshine to your outlook.

~ Teaching Kids about Money Topics Discussed:

The importance and impact of practicing what you preach
Teaching kids about saving vs. spending
The credit card talk
Helping kids not make our mistakes
The importance of busting the magical money tree myth
The dangers of never formally discussing money with kids
Instant gratification and interest vs. saving for

Episode Takeaways:

If you never discuss money with kids, as you're saying, it can just seem kind of magical to kids.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e16

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In this episode, we will discuss the biggest myths about paying for your children’s college tuition. And we'll share with you how you can survive your children's college years without destroying your retirement.

This is an exciting topic. The cost of college tuition spiraling out of control can cause a lot of stress on parents. They think it’s up to them to be able to afford for their kid's college tuition.

But it's not all financial doom and gloom. There may even be a way to make paying for college tuition painless.

A lot of parents believe several major myths about being able to afford college tuition for their children. And these parents are planning on paying for college tuition without realizing that some of these myths aren’t true. You see, the way colleges and universities determine financial aid and grants is very different from what most of us are taught to believe.

So join us as we dispell mythise and bring some sunshine to your outlook.

~ College Tuition Topics Discussed: ~

The mounting task of paying for college tuition
Dispelling the "I make too much money" myth
What factors college financial aid actually look at to determine eligibility
FAFSA (Free Application for Federal Student Aid) and what Expected Family Contribution is
How inherited capital and assets impact your child's chances of getting college financial aid and grants
How your 401K and IRA contributions can impact your kid's ability to get college financial aid
The limitations of 529 plans
How 529 plans can hurt you

~ Episode Takeaways: ~

Even people who don't make a ton of money believe they can't receive any aid for college tuition. Not true.
The biggest thing that will prohibit you from getting any financial aid is if your kids have assets -- including 529 plans.
Approximately 5 to 6% of the family’s assets are included in the Expected Family Contribution calculation
The family income—the perceived factor people stress about the most —is what colleges weigh the least

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e15

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In this episode, we will discuss how banks, the most profitable business in the word, have a monopoly on your money. And we'll share how you can break free from their scheme.

We can talk about this thing for hours. But in this episode, we're going to nail down how banks work in under a one-half hour. In the course of explaining how banks work, we'll also discuss the inherent problems they create. And we'll shed light on infinite banking: becoming your own banker.

~ Banking Topics Discussed: ~

How banks make money off of you
Why banks keep only a small amount of physical cash on hand
Why banks love credit cards so much
How to use Infinite Banking in place of a traditional bank
Paying yourself interest instead of a bank
Why we say "banks have a monopoly on your money"
Where the FDIC comes in
Are banks running a legal Ponzi Scheme

~ Episode Takeaways: ~
* Banks make money off of you by simply allowing you to deposit your hard-earned money into their bank.
* Every deposit that someone makes at a bank is really like a little loan to the bank.
* We're all lending money to the bank, and the bank puts it to work for themselves while charging you.
* The most expensive money a bank has is the money that has to sit in their teller’s drawer because it's not working for them.
* We’re paying the bank to use our own money.
* That’s the Ponzi Scheme that the banks run with our money right now.

Get a FREE transcript and other resources from this episode by going to:

https://livingwealth.com/e14

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In this episode, we will discuss how you can discern whether or not something is really too good to be true so that you don't get swindled by the next fly by night salesman. She's Holly and she helps people find financial freedom.

We're in the type of financial business where we're privy to hear people say, "Wow! This sounds so good it might be too good to be true."

And I know you've heard it many times talking with clients. But why do people say that? What do people really mean when we say the phrase, "It's too good to be true?" What's going through somebody's head when they say that?

We give you the tools to determine what is and isn't "too good to be true" in this episode.

~ College Tuition Topics Discussed:
* The most common financial strategies that people get burned by
* Get-rich-quick-schemes to stay away from
* Is the Infinite Banking Concept to good to be true
* Why banks are the biggest buyers of Whole Life Insurance policies
* The financial strategy even Walt Disney used to start Disneyland
* The financial strategy used to get JC Penneys off the ground and again to survive the great depression
* How you can get a guaranteed rate and tax-free growth on your money

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e13

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In this episode, we'll discuss the implications of taxes on retirement. We'll address the biggest question that most people don't ask, but should be aware of, when putting money away for retirement.

We've got a pretty exciting episode for you; it will focus on taxes on retirement. You see, there are various ways that people can be taxed while building wealth and when they retire. So we share some questions to ask yourself to determine which route is right for you.

There are different ways taxation can impact your retirement plans. What we'll do in this episode is bring to light some things that must be considered and how different strategies can impact taxes on your retirement in the future.

~ Retirement Taxes Discussed: ~

Retirement wealth vehicles and options
IRAs
401Ks
403B's
Whole Life Insurance
Stock Market Investments
Pension Plans
Real Estate
How your lifestyle may have to be reduced in retirement because of unexpected taxes
The myth of being placed in a lower tax bracket upon retirement
The reality of how much you'll need to live on in retirement
The deductions you'll keep and lose
The future of Social Security
The affect of income on Social Security taxation
The affect of income on Medicare premiums

~ Episode Takeaways:

The last time taxes were decreased was when Reagan was president. So chances are you're gonna be in a higher tax bracket when you retire.
Tax laws that are in effect today can change at any point, and so you might believe it's not gonna be taxed in the future.
You could be living off hundreds of thousands of dollars a year inside of a policy and nobody would know.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e12

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Is fear impacting your wealth? In this episode of Dollars and Nonsense, Holly and Nate dig up the root of your financial worries and set out a plan to eliminate it. If you desire to provide a family legacy for future generations but aren’t eager to reduce your lifestyle, listen in and learn how to build your wealth differently. Escape the doubt and fear by taking charge of your money and thinking outside the box.

~ Episode Takeaways:

We’ve been programmed to let a lot of fear and worry control our lives and give control of our money over to banks and the government.
If you would learn to kick the bankers out of your life . . . you would be able to make so much money on your money.
If we would actually pay ourselves first, we would save first. [Be] a saver first and then the spender.
Changing a loan from somebody else’s bank back to you [turns] a liability into an asset, which is how the wealthy build their wealth.
The focus that the world has put us into is work hard and buy some assets and hope that those assets generate you a rate of return.
Build wealth that doesn’t force you to reduce your lifestyle to be able to afford the things you want to do in the future.
Creating loans to recapture your debt [will] create assets and a better lifestyle for you and leave a lasting legacy for your family.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e11/

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Health care expenses are rising for most American families, and the costs don’t seem to be settling anytime soon. In this episode of Dollars and Nonsense, Nate and Holly explain the lesser known alternative options in health care that can save your family’s wealth and give you ease of mind, all while growing your money along the way. When you get all the facts and think outside the box, there’s no need to be scared of healthcare.

Also in this episode:
* See how universal healthcare affects your family
* Learn why you should rethink premiums
* Discover health care sharing ministries

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e10/

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What does a football coach and the University of Michigan have to do with building your wealth? In this episode, Nate and Holly unpack a recent contract negotiation that teaches us the multiple benefits of life insurance. Listen in as the hosts discuss how a life insurance policy has been used to help some of the most influential businesspersons and how it can help you in the same way.

Also, Nate and Holly reveal
* Why the wealthy buy so much life insurance
* How the middle class can use a policy like the rich
* How life insurance can be more than just a death benefit, and
* How to step up your charitable giving without falling behind.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e9/

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In this episode, Nate and Holly share the three key steps to breaking free from burdensome debt and never returning to it. Learn how to get serious about the bills crippling your wealth goals and how to change your financial outlook moving forward. Don’t let your debt control you any longer.

Plus, Nate and Holly offer more tips on how you can:

Be the architect of your financial plans
Identify the debt that’s dragging you down
Recapture your debt
Charge yourself interest and profit from it

~ Episode Takeaways:

Get serious about getting out of debt. Make it a desire instead of trying to live off a whim. Actually get a plan.

Banks are the biggest buyers of whole life insurance in the world. Would they buy a product that didn’t produce money for them?

Some don’t live with a plan. If there’s no plan to have money, there never seems to be any money.

Be the architect of your life. The easiest way to do that is to get rid of all those hands in your pocket from the banks.

Start saving money in a policy. Use the policy to take over the debt and start paying yourself exactly what you were paying everyone else.

You can get out of debt much quicker than you thought you could just by simply changing your process and getting serious about it.

Your dollar is just as valuable as any dollar you had borrowed. So you need to charge yourself interest.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e8/

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In this episode, Nate and Holly offer the keys to escaping financial bondage. As many Americans become slaves to debt, our hosts reveal how you can separate yourself from the herd’s mentality by paying yourself first and having your money work for you.

Listen in as Nate and Holly also touch on:

The benefits of living on less than you make
How financial freedom can lead to financial success
Budgeting around your savings
Why you should direct deposit to yourself

For more resources, visit livingwealth.com/e7

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In this episode of Dollars and Nonsense, Nate and Holly discuss how your investor could be deceiving you when it comes to your average rate of return. This manipulative trick can disrupt your financial goals without you even knowing it. Tune in to hear how you can be proactive in your banking and separate yourself from the crowd to gain real wealth.

Plus, learn the “Wal-Mart approach” to becoming wealthy that has created one of the most prosperous businesses in the world.

Find out:

How you can still lose money with a positive average rate of return
Why investors are lying about your rate of return
How not to fall for your investor’s advice
How to recapture money that’s leaving
Why you should choose a whole life insurance policy instead.

For more resources, visit livingwealth.com/e6

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Fifteen-year mortgage or thirty? In this episode of Dollars and Nonsense, Holly and Nate discuss which route you should choose to have more control over your money. Listen in as they also dispel the top mortgage myths leading individuals away from financial freedom.

It’s time to start thinking like a bank and making money off your mortgage.

Bonus: Learn how to use your house to your advantage with the IRS.

For more resources, visit livingwealth.com/e5

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Banks are rich. And you’re helping them get even richer! In this episode of Dollars and Nonsense, Nate and Holly dive into the workings of infinite banking and how the banks are using it to exploit your finances. Learn how to take back control of your money and become your own banker with tips from our hosts.

Also in this episode, uncover how to:
* breakaway from a bank account,
* master the power of a policy, and
* take the place of the bank.

For more resources, visit livingwealth.com/e4

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Are you in control of your money? In this episode, Nate and Holly address the topic of financial leverage power and how you should have more of it in order to build your family’s wealth. By making your assets work for you, keeping your money in motion, and thinking outside of the box, you and your family can reap major financial benefits.

Listen in as Nate and Holly show you the power of leverage, as well as:

• How to make money in multiple places at the same time
• Why you should look at life insurance as an asset
• The advantages of moving your money
• How get out of the “envelope” mindset

www.livingwealth.com/e3

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In this episode of Dollars and Nonsense, Nate and Holly reveal the top three money myths keeping you from financial success. Stop taking the traditional route and the usual advice that can put you and your family in fiscal bondage.

Also, discover the truth about retirement programs and parking your money as Nate and Holly expose how these commonly believed money-increasers actually affect your wallet.

BONUS: Learn the secret to taking back control of your money and building a wealthy future for you and your loved ones.

Get your free resources from this episode here:

www.livingwealth.com/e1

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Do you stress about retirement? In episode 2 of Dollars and Nonsense, Nate and Holly reveal why your nest egg will keep stressing you out if you follow the three common retirement myths that can jeopardize your freedom after work. Find out why retirement income is a better option for you and how you can use it to reach your family’s financial goals.

Don’t let your golden years be in the red. If you seek a worry-free future during your retirement, listen in as Nate and Holly discuss:

the downside of retirement programs
how the economic environment affects you
the reality of the market
how passive income benefits your family
America’s savings rate and its influence on your money
building a wealth and legacy for your future

www.livingwealth.com/e2

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Introducing the Dollars and Nonsense Podcast.

N: We want to introduce you to Living Wealth’s new podcast, Dollars and Nonsense, where we’ll be talking about outside-the-box strategies for wealth building. Always remember, if you follow the herd, you will be slaughtered.

H: As we start today, I want to tell you a little bit about myself. Again, my name’s Holly, and I came to understand the infinite banking concept through my father, Ray. And really what it has brought to our family is financial freedom and the ability to continue to think outside of the box and to never lose control of our money. I was working 18 hours a day sometimes in a job that I did passionately love, but it always took me away from my family. And what I kept doing was trying to work harder, trying to provide more for my family, and at the end of the day, I found out I didn’t have any more than the person next to me who was doing the same thing. The key here, and what we really want to talk to you guys about, is how to get off that hamster wheel. So for me, it was about changing who got my money and helping people in discovering how to gain financial freedom. I made the choice to leave my profession at a university, where I had a master’s degree, and decided that my goal was to help individuals and families know how they could build wealth and leave wealth but also know how I didn’t have to keep working so hard to not get ahead. This changed my husband’s and my life. We have three beautiful children. [It’s] the fact that we don’t really worry anymore about that paycheck because we’re not living paycheck to paycheck. We have the financial freedom to be able to save, to go on vacations, but really [it’s about being] able to help not just our family but other families do the same thing we’re doing. The fact that you can tell a family you’re not going to have to work harder and keep buying stuff and paying somebody else, but you’re going to be able to help your family grow and understand how money works. [That’s] how I came into the business. Now Nate is going to share a little bit about himself.

N: Sure. I thought it would be great if I introduce myself as well. I’m Nate, and I’m actually also part of the family, but I married in, so I’m not blood. I’m second-tier. Just kidding. I learned about this concept called infinite banking, which is something that we promote and that we love. And it’s way outside of the box, which is the goal of this podcast—to think against the grain. I learned about it four years ago the same way Holly did through Ray. It definitely changed my life. I grew up as the son of a teacher and a pastor, so we really didn’t have any money, and we didn’t know what we were doing with money. In those types of professions, they don’t teach you a lot about money. That’s where my background was from. Just learning the outside-the-box strategies to make money work better for you, and now that my parents are involved in it and, of course, I myself, it’s definitely changed everything. There’s a lot of financial nonsense out there that I really wanted to help people get straightened away. That’s what Holly and I both do on a daily basis, just bring some truth. That’s what this podcast is going to be all about. I’ve been in the financial world for four years. I don’t like thinking inside the box; I’m always trying to push the envelope and push the system to make it work harder. Find new ways to make it work. One of the things I believe is that people are being tricked into doing things financially that don’t make sense. And they ought to stop. That’s why our motto is “If you follow the herd, you will be slaughtered.” Because if you keep doing what everyone else is doing, you’ll get the same results that everyone is getting. And nobody is getting great results. So that’s a little bit about us. We wanted to introduce you what we’ll be talking about in the podcast itself. What will actually be going on? So, Holly, what are some of the goals we have or why would any listener want to listen in? What are we going to be teaching?

H: One of the keys is—I’m going to go back to Warren Buffett. He said, “If poor people would do the same things rich people do, they wouldn’t be poor.” Basically, there’s no different product. The rich have no different product than the poor people or middle class America. We have the same products to use. What Warren Buffett was saying is that the rich just use those products differently. So we want to teach you how to use money for you. Not to rely constantly on banks and credit cards, but really is there such a thing as a retirement program or nest egg or do we need retirement income? One of the keys here is, like Nate said, that out-of-the-box thinking. We’ve been taught to do stuff with money that you wouldn’t do with the things that money buys. And I think Nate can even expand on that more as to how we are using money within our means, and we shouldn’t be doing it that way.

N: Some of the things we’ll be talking about is [that] we like to expose a lot of myths as well. And you’ll find that coming soon with the various things we’re going to be talking about, whether it’s retirement and the issues that are out there that most people believe in, whether it’s mortgages or the interest-rate environment.

Just a lot of things that people have heard before might not be true, ideas that they have, things that they focus on. We’re going to try to shine the light on personal finance. It’s pretty easy to tell we don’t like the conventional way of thinking, so everything you’ll hear from us hopefully will be against the grain. So if you’re somebody who likes inside-the-box strategies, it’s probably not for you. If you’re somebody who is looking to learn new ideas, maybe you can implement some, maybe all, maybe none … Regardless, we’ll try to bring things to the table that people haven’t heard elsewhere that the wealthy have been doing that we haven’t been told about and try to input some new ideas, some creative thinking, and hopefully change your life for the better.

H: We really want to work with you guys on understanding the concept of how money works and how you can be in control of your money instead of constantly giving control over to someone else. So part of the podcast is also—it’s not getting you to buy something; it’s getting you to be educated and to start to understand is this program the best for me? Because we’ve been taught to believe myths or … thought they were truths.
H: [We will] break those myths down and show that they aren’t actually truths. They are ways that are keeping you from gaining financial freedom and from experiencing what it’s like to control the money that you make. You go to your job that you love, but at the end of the day or the end of the month, there just seems to be no money left. And you don’t understand why you’re working so hard and you’re not getting anything back. That’s the goal: to go outside what we’ve been taught for generations to do with our money, such as compound interest, such as buy term and invest the difference. Why are those myths so wrong? And what is a different way of thinking about money and life and how to leave a legacy, not just for your family, but your family’s family.

N: Yeah, and you and I both have talked to people who have said, “I thought I was following the rules right, or I was doing what the big boys told me to do; I just don’t have any money.” So somewhere in there what the world told us to do and what we’ve actually got was not really happening. Hopefully, we can dispel some things and, as Holly said, give you a little bit more financial freedom just by changing how you’re working with money. It’s so easy for it to slip out into the wrong things. That’s our goal for this podcast. New ideas. Creative things. [Thinking] outside the box.

H: Nate, how often are we going to be recording this show?

N: We’ll be recording this show on a bimonthly basis, so twice a month. And we’re going to plan on sending out a new podcast every second and fourth Thursday of the month. So you can expect a new podcast from us every second and fourth Thursday of the month. And we’ll hopefully be able to give you some new insights. About thirty minutes of your time, so not too long of a podcast, but we’ll try to get down and dirty with the meat of the content and go from there. This has been Dollars and Nonsense. If you follow the herd, you will be slaughtered.

H: Thanks for joining us!

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