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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: November, 2022
Nov 28, 2022

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. 

Understanding the different levels of IBC commitment can help you figure out your stage and how to optimize your IBC practice for maximum results. Nate made a video presentation to go long with this episode because the model is so important. In a special 4 Stages of IBC Commitment presentation, Nate breaks down the new model mentioned in the episode above and makes it easy to understand no matter how far along you are in your Infinite Banking journey.

The presentation covers the following:

* defining the four stages
* the characteristics of each stage
* the pros and cons of each stage
* and how to best maximize your policy depending on the stage of IBC commitment you're in

Go here to watch the video: https://livingwealth.com/4-stages-of-ibc-commitment/

~ 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:

Nov 21, 2022

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:

Nov 14, 2022

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:

Nov 7, 2022

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:

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