In this episode, we discuss what Ron Paul calls, "The biggest financial bubble in the history of mankind," and how you can survive the next financial disaster.
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This bubble is built on the fact that the U.S. debt to spending ration is completely out of balance. Basically, we're not doing anything to reduce our debt, but we also just keep spending, and spending, and spending.
The U.S. debt to spending ration is more than merely bad budgeting, though. It also impacts the stock market. Most of us would probably agree that the market is overpriced right now. It's inflated, it's a bubble as they would say. Even though most of us have this feeling that, "Okay, it's true that markets go up, they go down. Ride them out and up, then it crashes, then you ride it back up." Most of us are aware that it's been 10 years since the last major crash, the last major correction. That's a long time in the world of stock markets continue without a major correction.
The question most of us are wondering is why did the market recover and reach all these new time highs, and how are we able to sustain all this debt? Then the bigger question, "What can we do to insulate and protect ourselves?"
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Topics Discussed:
· We're already at 20 trillion dollars owed in debt as a country, and then to add 1.2 trillion each and every year for the next 10 years.
· You have to be prepared for the fact that this could happen. And where is most of your retirement or your investment lying?
· You shouldn't ask the question of if a crash is going to happen. You should be asking when it's going to happen and how you'll protect yourself.
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 when it makes sense to stop paying premiums towards your whole life policy when you're using it as a banking tool. We'll also share why you'll probably have to change your perspective on the word "premium" if you want to be successful at IBC.
The trouble comes in when people viewer their whole life insurance policy as just another insurance. If I make a $500 payment towards car insurance, home insurance, and different things, we all know I have less money the next day. I'm poorer now.
But IBC is actually a different type of premium payment. The money doesn't vanish into someone else's pocket.
We need to change the way we see these premiums from adding into the payment side of the budget to the asset side of the budget. Then you get to see what happens when you pay the premiums.
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