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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: March, 2023
Mar 28, 2023

In this episode, Nate discusses how you can earn life-changing rates of return on your investments with very little overall risk by choosing your investments using the barbell strategy.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e176

Topics discussed in this episode:

  • Why consider implementing the Barbell strategy to optimize your portfolio
  • How to achieve high returns with minimal risk by using the barbell investing strategy
  • Why this strategy requires discipline and a long-term perspective but can lead to life-changing rates of return on investments
  • Find out what steps to take before making any investment decisions to ensure financial success
  • Understand how regular rebalancing is necessary to maintain the desired allocation and maximize returns

Episode Resources:

Mar 22, 2023

In this episode, Nate discusses how Silicon Valley Bank collapsed, and he also answers the question, "Could something similar happen to mutual life insurance companies?" In addition, he'll detail essential lessons for all of us to learn in light of the recent bank meltdowns.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e175-bonus

Topics discussed in this episode:

  • Explanation of what caused Silicon Valley Bank and Signature Bank to fail, including the unique set of financial risks they faced
  • How banks operate and how they invest deposits from customers
  • Why banks and companies that stretch for yields are vulnerable to meltdowns, and the same can happen to individual investors
  • How monitoring and regulation of banks and mutual life insurance companies contrast
  • Comparison of mutual life insurance companies to other types of financial institutions, such as banks and credit unions.
  • Understanding how Mutual life insurance companies are different and more resilient to economic upheavals
  • Learn to evaluate the bank's risk management strategies and policies
  • Lessons on the liquidity of investments and financial positions and how to consider them as a power in financial planning
  • Explanation of how becoming your own banker using dividend-paying whole life insurance policies with mutual life insurance companies is unlikely to face the same risks as traditional banks

Episode Resources:

Mar 21, 2023

In this episode, Nate discusses one of the more advanced topics in IBC, strategic loan balances. He’ll also dive into what is a strategic loan balance, who can benefit from having a strategic loan balance, and why they're not for everybody.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e175

Topics discussed in this episode:

  • Defining strategic loan balances and their importance in financial management.
  • How strategic loan balance is connected to your infinite banking system
  • Analyzing the factors that impact strategic loan balances, including interest rates, market conditions, and loan term
  • Evaluating the opportunity cost of maintaining a strategic loan balance versus paying off loans early
  • Identifying potential risks associated with strategic loan balances, such as default and credit risk

Episode Resources:

 

Mar 14, 2023

In this episode, Nate and Holly discuss how stressful and dangerous it can be to live life with underfunded future liabilities.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e174

Topics discussed in this episode:

  • The five areas of life where people often find themselves underfunded financially
  • Why it is important to properly fund these future liabilities
  • Mutual funds and stock accounts are actually not good at producing retirement income
  • How big the causes are due to unfunded liabilities
  • How to create a situation in which you are very financially secure and be over-capitalized in the future
  • What can the Infinite Banking system do to overcome the dangers of underfunded liabilities

Episode Resources:

Mar 7, 2023

In this episode, Nate discusses the optimal way to set up your infinite banking system so that you can get the most profit out of becoming your own 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/e173

Topics discussed in this episode:

  • What should you be doing to get the most out of IBC
  • The most powerful breakthroughs of IBC
  • Why IBC is meant to optimize your entire financial life
  • Determine what should be flowing through IBC policies 
  • Understanding facts about the premium levels that you start

Episode Resources:

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