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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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All Episodes
Archives
Now displaying: January, 2023
Jan 31, 2023

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:

Jan 24, 2023

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:

 

Jan 17, 2023

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:

Jan 10, 2023

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:

Jan 3, 2023

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:

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