Info

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.
RSS Feed
Dollars and Nonsense
2024
March
February
January


2023
December
November
October
September
August
July
June
May
April
March
February
January


2022
December
November
October
September
August
July
June
May
April
March
February
January


2021
December
November
October
September
August
July
June
May
April
March
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October


All Episodes
Archives
Now displaying: June, 2020
Jun 22, 2020

In this episode, we discuss exactly how to build a proper infinite banking policy, and we answer the most common questions that we get about policy design.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e95

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

https://livingwealth.com/freedom

If you're new to infinite banking or researching this concept, there's so much that you can soak up. Nelson used to say, "There's a lot of noise in the financial world."

There are always people trying to buy your attention. Those people say they know something that other people don't. This state applies to infinite banking. There are many people out there who say they finally figured out how to do it the best. There are people out there who say it never works for anybody; don't touch it.

Today, we're taking the discussion back to the basics: the foundation of what makes a proper Nelson Nash, infinite banking policy. These are the aspects that need to be the core. We're going to share what you need to do to produce the best result. Simpler usually is better, and simpler puts you in more control. Get ready to learn how to maximize the infinite banking concept and do what's best.

Topics Discussed:

  • Understanding the death benefit is great, but not the real point
  • What is BOLI (Bank Owned Life Insurance) and why do the banks own so much
  • Where to start
  • Paid-Up Addition Rider
  • Whether to put a term rider on the policy
  • Tax considerations and setting yourself up to give away money to the government
  • The 7-Pay Test
  • The nuts and bolts of dollars and sense

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/

Jun 8, 2020

In this episode, we will discuss why it's time to rethink how you use money, and how you can mimic the rich and how they use money and use it in your own personal financial situation.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e94

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

https://livingwealth.com/freedom

Topics Discussed:

  • The conventional wisdom shared by "gurus" and parents
  • When paying interest can make you more money (sounds crazy, we know)
  • What it means to keep money moving and why idle capital is bad
  • Hidden opportunity costs of using cash
  • What it means to be asset rich and cash poor
  • When it's a good idea to use other people's money and when it's not
  • The magic of compound interest

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/

1