In this episode, we will discuss how to put more money back in your pocket by turning your liabilities into assets.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e83

Topics Discussed:

• Robert Kiyosaki
• Why people often ask the wrong question
• Building your wealth and not someone else's
• The fundamentals of wealth and money
• How assets differ from liabilities and the importance of knowing
• Using whole life as a tool for protecting, growing, and keeping your money in motion
• Debt
• The false wisdom of saving merely 10%
• Why so much of your money is "walking out the door"

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 most prominent reasons why banks purchase so much whole life insurance. You'll learn the secrets from them by following in their footsteps.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e82

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Banks are in the money business, obviously. So, if they're in the money business and they're buying a product of which you're being told not to buy, you should start asking why we're told don't buy whole life insurance.

Topics Discussed:

• How and why those people try to put you in a box
• Why they tell you to do things they never would
• What banks use whole life insurance for
• Did you know the two biggest banks own $20 billion in cash value in whole life insurance?
• BOLI
• Exactly how banks use BOLI
• The right way and the wrong way to use the infinite banking strategy

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 three of the most common misconceptions people believe about their retirement that could blindside them and wreak havoc on their retirement.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e81

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• Aligning goals and desires with reality
• How going along with the masses is a surefire way to get slaughtered
• How to judge if your retirement plan is safe or putting you at jeopardy
• What do do when the fund your in is not what you thought it was
• When blue chips don't mean much in the long term

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 how the rate of return numbers can be manipulated to deceive you into believing an investment is better than it is. We'll also share how to protect yourself from predatory investments.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e80

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

When looking at investments, it can be tricky because many people can manipulate these numbers to look much better than they are. These are myths some advisors use to deceive people. However, these aren't exclusive to advisors. They're used in many investment areas.

Topics Discussed:

• Common investment myths perpetuated by some advisors
• How to ask the simple yet revealing questions
• Understanding the average rate of return vs rate of return
• What to watch for in lending clubs and various real estate syndications
• Knowing why no one will care more about your money than you will
• Financial marketing myths
• Watching out for portfolio sleight of hand

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 how we assess whole life insurance policies to determine if they're good or bad for you. We also share what you can do with your policy if it's losing money.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e79

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

This comes up a lot. When you start learning about this infinite banking concept, the first thought is, "Why didn't I know about this beforehand?" Then when people come to us from somewhere else, we inevitably hear, "You're telling me I could have been using this policy for all of these things over the last 20 years?"

It comes down to ensuring you are in the right policy first and now how to it them for optimal profits.

Topics Discussed:

• Assessing which is the right policy for you
• Determining when a policy isn't right for you
• What to do when an existing policy is losing money and not a good policy fit
• Policy premiums and how to understand them
• Matching policy premiums with your goals
• Policy in-force illustrations revealed
• Creating and understanding cash-flow
• How to know when to keep and when to get rid of a policy
• Which policies are and are not right for use with Infinite Banking

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 share a strategy that will boost the profit you can make in almost any investment.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e78

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

A lot of new listeners may believe we are against investing money. However, that is not the case in the least. In fact, we're pro-investment; with a twist: stack the strategies to maximize your profits and returns. It sounds difficult, but it isn't. Find out more in this episode.

Topics Discussed:

• Making outside investments using policies
• The nuts and bolts of how this works
• How stacking strategies pays off
• What happens when your lazy money gets more than one job and becomes hyper-productive
• Doing an end run around unnecessary taxes

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 share how to change the way that you think about money so you can be successful in Infinite Banking. We'll also discuss why infinite banking is so unique in the financial world.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e77

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

When you enter into the infinite banking world, it's like we have to redefine words. Then we also have to shift to a different philosophy about how money to be successful in Infinite Banking. We dive into the why and how today.

Topics Discussed:

• Reshaping the words you use to talk about money
• A fresh perspective on understanding how money works
• how to use a whole life insurance policy to build wealth in a different way
• The one big mindset shift to unleash your financial potential
• How and why Infinite Banking stands alone and is wholly differ in the personal finance world

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 why it is crucial to own infinite banking policies for yourself and your family even if they are not earning an income.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e76

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• Going beyond cash values and infinite banking strategies
• The importance of a death benefit for those you leave behind
• What most people don't consider, the impact of losing a young child and the aftermath
• Insulating yourself financally from an emotionally devistating time
• How soon to ensure children
• How much to start with
• Planning for the future and leveraging for college tution
• Health care expenses

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 why it's essential to stop going through the motions with your money. Step number one: determine what you're genuinely passionate about in your financial life and then make decisions that drive you towards your goal. If you define what success is, you can attain it. Find out how in this episode.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e75

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Many of us are making decisions, not necessarily based on what we're passionate about or what we define as success. Instead, we're making decisions about what the world tells us to plan for or to believe in even when it's not what we want.

We've never met somebody passionate about their retirement income. Usually, those people are looking forward to what they're going to do in retirement. Perhaps, those people never stopped and asked the big "Why's." It all starts with one thing with money everyone should do.

Topics Discussed:

• Starting with why
• Defining financial success
• Rethinking retirement
• The 10 Commandments of Wealth
• All the questions you must ask

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 correct the three most common infinite banking myths so that you can build your banking system with clarity and confidence.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e74

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

We get the same questions over and over again. We also find the same issues when people try to get started with infinite banking. There is a common theme to the things that come up all the time. There is a lot of misleading and confusing information out there. Today, we're going to set the record straight on the three most important and regular offenders.

Topics Discussed:

• The loan process with policies
• Where the interest really goes and how you benefit
• What causes policies to grow and what does not
• How loans do and do not impact your policy growth
• Focusing on lots of loans and fast repayment vs focusing on premium payments
• How long you need to wait before taking a loan

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 will discuss one of the most frequently asked questions about money. How can I make sure that I don't run out of money before I die? We're going to give insight into why this happens and what you can do to make sure it doesn't happen to you.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e73

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

We've seen this become a bigger and bigger concern over the years. There are people that saved, were frugal, and that were wise with their money. Now they are 70 or 80 and realizing, "I don't have enough money to live, what am I going to do?" We're going to give insight into why this happens and what you can do to make sure it doesn't happen to you.

Topics Discussed:

• How and why this is becoming more of an issue for a greater number of people
• Busting retirement myths
• Is a million dollars still a big deal and "enough"
• Mindsets and perspects that alleviate desire for retirment and lead to a life of service
• Not putting faith in Uncle "nanny" Sam to take care of you
• Strategies and tactics that really work

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 millennial financial crisis at hand, how it's getting worse, and what people can do to protect themselves.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e72

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• Why millennials are in such poor financial shape
• The biggest debt trap and when conventional investments don't yield the desired results
• The shift in focus from living to work to working to live
• Understanding the basics of budgets and what they really do for you
• When not having something to believe in trips people up
• Using private family financing to circumvent the system and live the lifestyle they want without jeopardy

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/

e discuss the most important element for success with infinite banking, and how it can free you from financial slavery forever.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e71

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Topics Discussed:

• What is Parkinson's Law and what does it have to do with money
• How things expand to fill the available constraints
• The sneaky thing having more money encourages you to do (that's not good)
• When money is finally freed up
• Mindsets to redefine constraints

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 it means to be an honest banker and how you can protect yourself from being your own worst enemy as you're trying to become financially independent.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e70

Topics Discussed:

• The great responsiblity that comes with the power of becoming your own banker.
• What it means to be "an honest banker"
• Putting yourself on a reasonable budget and what that means
• Learning to pay yourself first
• Using your money to create financial volocity
• Paying yourself back and loving self imposed high interest rates
• Recapturing money spent and how it works

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 three biggest banking myths people believe. These myths can dictate your behavior and hold back your ability to build wealth.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e69

You often hear us talk about banking. We're not big fans of conventional banking. What we are enthusiastic about is you becoming your own banker and what we call personal family financing.

You see, we feel that banks can be a little deceptive in how they operate. Plus, what we believe about them can impact how we think and what we do with our money. This is where problems begin. So today, we're going to nail down three banking myths holding people back from building lasting wealth.

Topics Discussed:

• When banks do and do not make money from you.
• Why banks offer free checking accounts.
• Is your money as safe in a bank as you think it is?
• Is the money you deposit still yours?

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 continue our discussion on mortgage myths and how to turn your house into an asset. You'll be able to beat the bank and pay yourself first.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e68

~ Receive your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Mortgage Myths and Turn Your Home into an Asset:

• Using a bank and making money off their money
• How home equity is actually idle money (make it work for you)
• The unusual use for a HELOC no one told you about
• Increasing your personal liquidity
• Increasing the velocity of your money
• When not paying your home off can be a good thing
• Separating the equity from the home so you can control it

Episode Takeaways:

• Equity in your home isn't the best thing because it's idle money. It's not working for you. It's not putting money in your pocket. Go from stagnat to motion.
• Banks don't like to lend money to people who need it. They like to lend money to people who don't need it.Put yourself in a position to not need it.
• The velocity of your money is how fast it can make money move. The higher your money's velocity, the more it will grow.

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 how to avoid the biggest mortgage pitfalls most people fall into so you can use your mortgage to your advantage.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e67

This topic is big--too big for just one episode, in fact. So, we're going to make this a two-part series.

Why is mortgage pitfalls such a big topic?

Typically, homes are our most significant decision and purchase. This means how we're going to pay for it is also essential. How you view your mortgage can also be significant. For instance, one of the mortgage pitfalls of buying a home is many people think that their house is an asset and that can be dangerous thinking. As Robert Kiyosaki, author of Rich Dad Poor Dad, says an asset is something that's supposed to put money in your pocket. Is your home putting money in your pocket, though?

We expand on this and more in this episode.

Avoid Mortgage Pitfalls and Make it Work For You:

• 15-year vs 30-year mortgages
• Is a home really an investment
• Using the equity in a home for more than a savings account
• Understanding assets vs. liabilities
• Why banks prefer and entice borrows to take the 15-year
• Paying back the bank slowly versus quickly and the advantages

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 basics of how to build and fund a banking policy from the start. Plus, we'll share real-world examples of how other people have funded their policies to help you understand what it could look like for you.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e66

How to Fund a Banking Policy Topics Covered:

• Starting with the simple questions to ask yourself
• Transitioning the money you're already setting aside
• Answering the common question of, "Do I need a lot of money to start?"
• Using Tax Refunds
• Using a home equity line of credit (HELOC) when you're home has a high level of equity
• 401(K) based loans
• Using lump sums and spreading things out
• Limitations and Modified Endowment Contracts in a nutshell
• The phases of building an IBC system

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/

Special guest Ray Poteet joins us to discuss how you can use infinite banking to take the stress away from paying your income taxes each year. Plus, he'll share how you can actually make a profit doing so.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e65

~ Recieve your free copy of The Tree of Wealth here:

https://livingwealth.com/freedom

Taxes are such a significant and stressful burden for most people. The good news is there is a way to not only reduce the stress of paying income taxes, but there's also even a way to profit from them. For the last two years, Ray has shared with clients a system to recapture money spent on income taxes. Today, he'll share it with listeners.

Make Money from Paying Income Taxes:

• The story of when the method first occurred to Ray
• The simple system for paying income, property taxes, and charitable giving through policies
• The two rules: paying yourself first and paying yourself interest
• Why using separate policies is important to the process
• How the math works

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 will discuss the importance of working with a mutual life insurance company, and how to start thinking like an owner instead of a depositor.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e64

A mutual life company is one of the fundamental pieces of private family financing. You see, whenever you buy a policy from a mutual life insurance company, you become an owner of the company; You're not a customer of the company anymore you're the owner. We discuss this and explain all the moving parts. Listen now to learn more.

Topics Discussed:

• The basics of what a mutual life insurance company is and how to think about it
• How a mutual life company, fits into infinite banking and why it's the best fit
• Being a depositor versus being an owner
• Banks versus insurance companies and how they're the same and different
• One of the most common questions we're asked what why it is such a good one to ask
• What a mutual life company, is and isn't; what they do and what they don't do
• When changing perspectives yields big dividends

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 unrealistic retirement expectations people have, and how you can find fulfillment in your work instead of merely working for a paycheck.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e63

Today we're talking about a topic that either you like talking about or you avoid talking about, depending on your personality. That topic is retirement. It can be exciting, it can be scary, it can be nerve-racking, but it just depends on how well you've prepared and your relationship with money and work, to begin with.

We'll uncover some of the things we found that make retirement expectations dangerous.

Topics Discussed:

• Thinking differently about retirement
• Determining the right age to plan for
• Counting the days vs. loving what you do
• Rabbi Lappin and Nelson Nash on retirement
• Finding meaning and value in service and passion
• The two options for dealing with a job you hate
• The false dreams financial services sell us and why
• Who arbitrary ages set limitations

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 value of making loans funded through an infinite banking policy. We also share how policy loans affect your policy and the real way you should think about that internally in the policy.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e62

We're often asked by our clients and podcast listeners how loans affect infinite banking policies. People frequently also ask what impact the loans will have on the death benefit beneficiaries.

Today, we answer those questions and more.

Topics Discussed:

• Policy loans and the impact on wealth transference to beneficiaries
• Whether or not a loan is a prepayment on a death benefit
• An overview of how loans affect the math and put you ahead
• How the death benefit alone is not the full picture
• The value of making a loan and the value that the policy can add
• A 13-million dollar case study

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 stagnant money versus money in motion, and how infinite banking can help you make money in a whole new way.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e61

Keeping money moving is a fundamental strategy banks employ to accomplish their goals. In other words, banking is about making money move constancy.

Our personal goal is to not just let money sit someplace. We want to be able to use our money productively like banks do. This is as much what you're doing with it as it is how you're using money. Today, we'll share how you can think like a bank.

Topics Discussed:

• What does it mean for money to sit and why is it bad
• What does money in motion mean
• How the wealthy keep money in motion
• Why the more you keep your money moving, the more money you can make off it
• The fundamental rule banks follow and why you should too
• How to make your money do more than one job at a time
• Thinking of policies as vehicles and not a storehouse for your money

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 how infinite banking is more like starting a business than just saving money and how you can operate your finances like a business.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e60

People new to the concept often begin with a savings mindset. Sometimes even long-time practitioners have not made the connections yet. However, the real magic is making the money move. It is a mental shift or a thinking process change.

To do that, you first must see what you're doing as though it was a business and not a savings account. It requires a new way of looking at things and in this episode, we'll share how.

Topics Discussed:

• Changing the way you think to see Infinite Banking through fresh eyes
• The two businesses you're actually in
• Clearing up common confusions about Infinite Banking and mindsets
• Being in the money business
• Understanding the long view of profitability
• Making money move and work rather than just sitting around passively

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/

Ray Poteet joins us to share the money mistakes that he's made over the past almost 50 years to help you avoid the same pitfalls. These are lessons from both in the investment world, as well as the errors he made while initially practicing Infinite Banking.

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https://livingwealth.com/beatinflation

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https://livingwealth.com/e59

A lot of people like to talk about the success that they've had. But, often, the best lessons come from other people's mistakes. Ray is very efficient with money and rarely loses anymore because of what he's learned from financial mistakes made in the past. In this episode, he shares with you so you can get a leg up and don't have to learn the hard way what works, what doesn't, and what's holding you back.

Topics Discussed:

• Where Ray got his start in life insurance
• His early money mistakes
• Lessons from the financial crashes of the '70s, '80s, early 2000s, and 2008
• The moment Ray felt completely betrayed by his industry and why
• Uncovering the cash fallacy
• When and how IBC came into Ray's life
• When Ray realized he'd missed out on an easy $183,000
• Focusing on the short view and missing the big long view
• The small mental shifts in perception that make a huge difference in your 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/