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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: August, 2017
Aug 21, 2017

In this episode, we sit down with a special guest, Ray Poteet -- the founder of Living Wealth. We discuss the biggest investment pitfalls to be aware of and how you can learn from his mistakes, so you won't have to suffer as he did. 

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e23

How to spot investment pitfalls is harder than experiencing them. And the road to growing your financial freedom is littered with landmines. Some are similar, but most tend to be unique and hard to spot the first time around. Sometimes we even repeat mistakes if they're not pointed out to us by a trusted guide.

They're not hard to spot. You just have to know what you're looking for. And, Ray shares the worst of them in this episode.

Get resources and transcripts here:

Investment Pitfalls

Investment Pitfalls Shared and Topics Discussed:

  • The folly of looking at rates
  • When an advisor doesn't own the things they sell
  • The danger of chasing "the next big thing"
  • When you should never borrow to invest
  • Why money needs to always be in motion
  • Staying platonic with investments and keeping with rational investment decisions
Aug 7, 2017

Is paying cash the best option? In this episode, we will discuss how you can learn how to maximize your dollars by changing how you purchase the things you need in 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/e22

In today's world of finance, the Holy Grail is to get out of debt and to be able to pay cash for everything. That's what we're taught by all the major financial gurus, pay cash, pay cash. Get out of debt, get out of debt.

We're not saying that's a bad idea. But we can offer some insight into how you can improve your situation even further. That's going to be the goal for today.

So is only using cash the best option?

The answer: it depends.

In fact, we think there are some better ways to do it.


Get Out of Debt and Paying Cash Topics Discussed:

* How can we find something else that's better than paying cash
* What are some of the pitfalls with paying cash
* Being asset rich vs. cash Poor
* Is using cash necessarily bad
* Good debt vs. bad debt
* How to leverage debt in a financially healthy way
* Why it's important to keep money in motion
* The real cost every time you pay in cash

Cash vs. Debt Episode Takeaways:

* Every time you pay cash your money stops earning for you.

* Really, we want to keep your money in motion.

* There is a difference between bad debt and good debt.

* A pitfall with paying cash are your asset rich, cash poor.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e22

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