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.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
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.
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.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
Get resources and transcripts from this episode by visiting:
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