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Dollars and Nonsense

Dollars and Nonsense focuses on helping individuals and families find financial freedom by leveraging the Infinite Banking Concept. The podcast delivers real-world tips, tricks, and techniques for anyone wanting to take their wealth to the next level. We do all this through the hosts sharing their vast knowledge and sitting down with experts. Plus, the show is for the average person—you don’t have to be a financial expert or an economics professor to get a metric ton out of every episode. We extract priceless resources and action steps for you and deliver them in a 30-minute bi-monthly show. Learn more about the show by visiting https://livingwealth.com/podcast/ Infinite banking is a financial strategy, sometimes called IBC, or the infinite banking concept, that allows you to control your savings and debt needs, helping you become your own banker, in essence. It was formalized by finance expert R. Nelson Nash in the early 1980s. But its roots go back much further.
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Now displaying: September, 2020
Sep 28, 2020

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.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e102

There are many misconceptions out there in the debate over direct versus non-direct recognition. We're here to share the truth to help you make a better decision regarding your infinite banking policy.

A quick forewarning to all listeners: this isn't a good starter episode if you are relatively new to this podcast or infinite banking. We'd suggest starting with one of the more general episodes. We're going to tackle a particular subject that is deep in the weeds.

Topics Discussed:

  • What is direct recognition and non-direct recognition policy loans
  • Mutual life insurance
  • The big myths and why they're dead wrong
  • What Nelson Nate really thought about the two options
  • Is one better than the other
  • Which one is right when
  • Which one is right when in a strategy of stacked policies
  • What actually matters when determining whether or not a policy is right 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/

Sep 14, 2020

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.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e101

We work with and give personal attention to many clients. That's not to brag; it's for context. This amount means we field and answer tons of questions from people new to IBC and experienced users. Over time, we've discovered there is a core collection of inquiries folks have.
Today, we share those answers with you in this episode. Tune in!

Topics Discussed:

  • Who does this work for?
  • What do I need to do to get started?
  • When is the best time to start using Infinite Banking?
  • Should I start now, or should I start later?
  • What is the opportunity cost to waiting?
  • What is the right financial level to begin with?
  • How much do I need to invest to proceed and receive help?
  • How does existing debt fit into the picture and timing?
  • When should I start my next policy?
  • Can IBC be used for home purchases?

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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