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

Topics Discussed:

• What rate of return is often abused by people offering investments
• How rate of return can be helpful and sometimes deceptive
• Games played with the average rate of return that can trick you
• Factoring risk into the equation
• How IBC is a banking strategy and why it is not an investment
• Understanding the real goal of the infinite banking concept
• The ways IBC differs from investment opportunities
• How infinite banking can enhance rate of return

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/

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

Topics Discussed:

• A fundamental tenant and Infinite Banking
• Unpacking Nelson Nash's work
• Why everything we purchase is actually financed
• Building capital vs. capital expenditures
• Understanding opportunity costs
• How and why IBC policies facilitate becoming your own banking
• The interest cost to every decision that you make
• How compounding interest in policies outpaces loan interest rates against policies
• Why compounding assets always win
• Why Mark Zuckerberg borrowed money to buy his house when he's got billions
• Leveraging money so it can continue to compound in a tax-free environment

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/

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

Topics Discussed:

• Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you
• Why no other financial product affords you the ability to be your own banker
• Modified Endowment Contracts
• Context from the history of whole life insurance policy regulation
• The folklore of a guaranteed 4% and what it really means
• How to think about the death benefit vs. the living benefit of policies
• Understanding guaranteed cash values
• Comparisons of IBC against other financial products

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/

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

Topics Discussed:

• Basics of IRS code as it relates to whole life insurance
• The goal of IBC
• Using is life insurance policies with mutual paying companies
• A brief history of life insurance
• The impact of Section 7702 of the Internal Revenue Code
• Understanding the modified endowment contract (i.e., MEC)
• What happened with a base guaranteed interest rate of 4%
• Cash values vs. death benefits
• The "big change is coming," marketing tactic tickling some ears
• Increasing the flexibility and consumer-friendly nature

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/

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

Topics Discussed:

• Should I borrow from my whole life insurance policy or use cash?
• Can I borrow from my whole life insurance policy?
• What it means to become your own banking and why it matters
• Understanding the two basic ways you pay for something
• The fundamental problem Infinite Banking attempts to solve
• The real costs of paying cash
• Is cash really king?
• How money in motion makes more money
• Why compound interest is like magic
• Example expenses you never thought you could use policy to pay for, but can

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/

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

Topics Discussed:

• How long do you normally want to be putting money into premium?
• What is the least timeframe to see dividends and benefit from compounding interest?
• How to understand when something is not a true liability or money loss from payment
• Why your money should always be in motion rather than stagnant
• When to use an automatic premium loan
• Can an IBC Policy pay for itself?
• How long do we typically pay a premium?
• How should we consider premiums?
• What are the options if I do need the policy to pay for itself?

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/

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

Topics Discussed:

• How to tell if a 401k is right for you
• When should you stop contributing to a 401k
• Considering future taxation and the probability of rates going up
• What to know and think about when it comes to matching
• The fees to be aware of and watch out for
• How to factor age into your decision matrix
• Is a 401k worth it

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/

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

Topics Discussed:

• How Nelson Nash described the five human natured holdings you back
• Understanding Parkinson's Law
  • how expenses tend to rise to match income
  • when luxuries become necessities
• Using the concept of opportunity cost to make wise decisions
• Seeing the default option is often the worst option for you
• How traditional financial products set you up for more taxes than you realize
• When control of your money is an illusion
• Understanding Sutton's Law
• Knowing when you're making the rules and when you are playing by someone else's
• The arrival syndrome and now it impacts your wealth
• What use it or lose it means when it comes to your money and how to make your money move
• How paying yourself first eliminates many of the sneaky rats eating up your finances

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/

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

Topics Discussed:

• The only question that's a dumb question is the one you don't ask
• Comparing rates of return and common misunderstandings
• What it means to keep your money moving and doing more than one job
• How and why infinite banking is a banking system and not an investment
• Is it a simple get out of debt system or much more?
• When paying for cash is counterproductive to the real goal you're after
• Is this just a get-rich-quick scheme?

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/

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

Topics Discussed:

• Why regular communication with a trusted guide is paramount to success
• Keeping money in motion and avoiding stagnation
• Overcoming the fear of the unknown and embracing help
• The potential application of the "Rainy Day" mentality
• When creativity and an adventurous nature pay off
• Why a traditional view rate of return confounds and trips people up
• What it means to pay yourself back to create a financial flywheel
• Understanding that Infinite Bank is not about the policy, it is about what you do with the policy

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/

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

Topics Discussed:

• How to avoid infinite banking concept mistakes
• The mindsets that must change to achieve financial success
• How to see opportunities when they present themselves
• Why repaying policy loans is the number one mistake people make
• What it means to steal the peas
• The mindset of seeing your policy as a banking business you are an owner in
• When it is ok to not repay a policy loan
• The pitfall of not understanding opportunity costs
• The mistake of merely seeing a policy as an investment opportunity instead of a holistic system of wealth creation

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/

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

Topics Discussed:

• Why the default choice options are usually the most expensive
• Probate example -- when spending $3,000 today saves you $50,000 tomorrow
• Income tax example
• 401k example
• Social security example
• Savings account and liquid cash example
• Why people don't like to plan and how to shortcircuit this mindset
• How to outsmart the system and avoid being fooled by the default

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/

Topics Discussed:

• Why the default choice options are usually the most expensive
• Probate example -- when spending $3,000 today saves you $50,000 tomorrow
• Income tax example
• 401k example
• Social security example
• Savings account and liquid cash example
• Why people don't like to plan and how to shortcircuit this mindset
• How to outsmart the system and avoid being fooled by the default

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/

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

Topics Discussed:

• Seeking out the opportunities to invest
• What financial certainty really looks like
• How simply knowing the rules yields fast results in certainty
• Internal vs external factors of control
• How IBC is a process and not a product
• The big rules of IBC
• Case studies and cautionary tales

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/

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

Topics Discussed:

• Understanding how financial risk assessment is personal
• What is risk at its root
• Risk vs. Reward considerations
• How to assess what risks exist
• How to measure risk based on your needs and tolerance
• Being aware of and guarding against cognitive bias

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/

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

Topics Discussed:

• Current events and monetary policy fueling concern
• Is inflation already here
• Planning for a financial future when prices are rising
• Why the FED wants more than 2% inflation
• What's happening to the money you leave sitting in savings
• Thoughts on gold, silver, BitCoin, and other assets
• How using Infinite Banking keeps your money growing even during inflationary periods

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/

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

Topics Discussed:

• The advantages and disadvantages of paying everything off
• The advantages and disadvantages of paying focusing on acquiring assets over debt
• Considering financial strategies relative to your stage in life
• The strategy IBC employs and why
• What it means to become your own banker
• Utilizing strong dollars today and paying for things with weaker dollars tomorrow
• Making money do more than one job at a time
• When paying off debt actually becomes counter-productive to your financial growth

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/

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

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

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e117

Topics Discussed:

• What happens first when you finally start to take control of your finances
• A quick discussion on the benefits shown through analytics and spreadsheets
• Finding joy in things that used to be stressful anxiety-inducing events
• Shifting the way you think about money for a more productive life
• Alleviating fear of the unknown and uncertainty of your financial well-being
• Moving from worker mentality to entrepreneurial and what that does for you
• Adopting a fresh perceiving and understanding of how you can make your money benefit you now AND in the future

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/

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

Topics Discussed:

• Now that I have a policy, what do I do next?
• What do most people use their policies for and what can I use it for?
• When does it make sense and when does it not make sense to use a policy to pay for things?
• When does using more than one policy make sense?
• How much premium should you really be paying?

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/

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

Topics Discussed:

• What fuels and grows the policies?
• Understanding compounding interest?
• How do policy loans work?
• What can you buy with a policy loan?
• What limiting factors and MEC limits are
• What paid up addition riders do 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/

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

https://livingwealth.com/mortgage/

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e114

Topics Discussed:

• Why banks keep you in the dark
• Basic truths about the math of home mortgages
• Why paying a mortgage off early may not be in your best interest
• Questioning whether a home really is an asset or not
• What Robert Kiyosaki says about assets and the best way to define them
• What low-interest rates are really good for
• Why 15-year mortgages look "cheaper" than 30-year mortgages
• How to think about the value of current versus future dollars
• How to put your money to work for you instead of the bank

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/

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.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e113

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.

Topics Discussed:

• The backstory on GameStop, the short-sellers, and Reddit
• What made main street investors deeply want to stick it to Wallstreet
• Exploring what strategies build sustainable wealth and those that don't
• Understanding what examining if a firm produces real value for the market and why that's important
• How to know when you're gambling vs. investing

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/

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.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e111

Topics Discussed:

• The implications of a changing political climate and party control
• How to determine the probability taxes will go up or down
• A brief history of taxation in the United States
• The best perspective to adopt for thinking about the future of taxes to save you later wallet burn
• What may happen to your contributes in conventional IRAs and the like

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/

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.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e110

Topics Discussed:

• Dave Ramsey, Susie Orman, and others peddling self-insurance
• Concept overview
• Problem one with the concept: You wouldn't do this under comparable conditions
• Problem two with the concept: Opportunity loss
• When business owners lose out
• Thinking long-term by thinking generational wealth

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/