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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: April, 2023
E180: Maximizing Your Wealth: How to Make the Most of Extra Cash Now 0
Apr 25, 2023

In this episode, Nate explores the topic of managing extra cash when practicing infinite banking. By taking a holistic approach to managing your finances, you can optimize the effectiveness of your Infinite Banking strategy and achieve greater financial security and freedom.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e180

~ Do you get value out of the show? Please consider giving Dollars and Nonsense a five-star review on Apple Podcasts.

Topics discussed in this episode:

  • Explore various options for utilizing extra funds, such as having strategic loan balances
  • Gain expert insights on how to take a holistic approach to financial management for greater success
  • Why does every decision that you make when practicing IBC needs to be logical
  • Learn how to prioritize and allocate your extra cash to achieve maximum benefit and growth
  • How to navigate potential pitfalls and risks associated with managing extra cash, and how to avoid common mistakes
  • Practical tips on how to incorporate the Infinite Banking Concept into your overall financial plan

Episode Resources:

E179: The Infinite Banking Strategy: Why It's Important to Put Your Policy to Work 0
Apr 18, 2023

In this episode, Nate explains the significance of initiating the use of your infinite banking policies. While simply having a policy in place is a good start, more is needed to reap the full benefits of infinite banking.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e179

Topics discussed in this episode:

  • Discover Nate's game-changing perspective on infinite banking policies
  • Learn why passivity is the ultimate enemy of success in IBC
  • Uncover the connection between confidence and successful IBC practice
  • Gain insight into the importance of taking action to steer your financial ship
  • Uncover why using policies is crucial for becoming a successful IBC’er
  • Why human behavior trumps math in a debt management
  • Ramsey vs. Shapiro: human faults vs. math, which wins?
  • How to shift your financial mindset for long-term control
  • Realize the importance of moving beyond math to achieve financial success
  • Understanding the four Stages of IBC: Saver, Capital Builder, Entrepreneur, Lifestyle
  • Learn from Nelson Nash's wisdom on forming new habits

Episode Resources:

E178: Offering Value to the Right People: Who's the Best Fit? 0
Apr 11, 2023

In this episode, Nate explores how to identify for whom the infinite banking concept will provide the most value. It’s what he calls finding the ideal client. In addition, the episode reveals how a tailored approach and a robust consultant-client relationship can lead to long-term success with IBC.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e178

Topics discussed in this episode:

  • How to determine if you are someone who can benefit the most from the Infinite Banking Concept
  • Learn how to align your goals to maximize value from an IBC consultant
  • Find out how we focus on providing value to the right people that can help them be the best banker they can be
  • Uncover the difference between a consultant relationship and an order-taker relationship in the banking world
  • How to get the most benefits from engaging with a consultant who values ongoing communication and collaboration
  • Harness the power of infinite banking with a proactive mindset
  • Understand the importance of having a clear goal and vision for maximizing the benefits of IBC
  • Recognize the distinction between using IBC as a tactic versus a long-term strategy
  • Why the best clients are those that are interested in presenting their ideas for how IBC works
  • How we help you learn how to think inside of the infinite banking paradigm

Episode Resources:

E177: How Infinite Banking Can Help Impact Your Personal Income Statement & Balance Sheet 0
Apr 4, 2023

In this episode, Nate explains the impact of infinite banking on your income statement and balance sheet and why misclassifying policy transactions can harm your financial mindset.

~ Access our FREE Infinite Banking Beginner course here:

livingwealth.com/bankonyourself

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e177

Topics discussed in this episode:

  • Learn how infinite banking can help you take control of your finances and achieve financial freedom
  • Understanding how financial statements work
  • Find out how to avoid common mistakes that can negatively affect your income statement and balance sheet
  • Why do policy transactions not affect the income statement or budget
  • Uncover tips for successfully implementing infinite banking in your personal finances
  • Why whole life insurance premiums have a unique effect on the balance sheet
  • How different policy transactions affect your income statement, your personal income statement, and your balance sheet
  • Gain insight into how policy cash value, real estate, stocks, mutual funds, and retirement programs are assets that should be on the asset side of the balance sheet

Episode Resources:

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