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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: July, 2023
E193: Learn Why Default Choices Hold You Back from Achieving Your Wealth Goals 0
Jul 25, 2023

The default option is always the most expensive in every area of life. 

In this episode, Nate discusses how to forge a compelling future by paving your path instead of taking the default options that society presents us with

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e193

~ 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:

  • Discover why the default option is almost always the most expensive, the slowest, and the worst choice
  • Why you should ditch the default culture to achieve better results than everyone else by starting to use the Infinite Banking strategy
  • Gain insights into forging a compelling future by consciously opting out of default options and charting and controlling your course
  • Explore how deviating from society's default options can lead to greater fulfillment, personal growth, and financial advantages
  • Learn practical strategies for making intentional choices that align with your goals, values, and long-term financial success

Episode Resources:

 

 

E192: Can I Really Pay All My Expenses Through my Infinite Banking Policies? 0
Jul 18, 2023

In this episode, Nate discusses if you can pay all expenses through infinite banking policies. He’ll also dive into Nelson Nash's profound statement from his book regarding the alignment of premiums and income. Get ready for insights that expand your understanding of the Infinite Banking Concept.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e192

~ 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:

  • Why Nelson Nash said that premiums and income should match
  • Discover why using a “CVLOC” from a regular bank can help you run your income and expenses through policies
  • Why running expenses through policies should be the last thing you do in your IBC journey (and for most people, something they will never fully achieve).
  • Discover how Infinite Banking can provide you with greater control over your finances and the ability to allocate funds for different expenses
  • Why it’s important to focus on the big-picture vision of IBC instead of focusing on smaller transactions, don’t let the nickel hide the dime!
  • Learn how leveraging IBC can enhance your financial independence by aligning premiums and income
  • Why Nelson Nash felt the most important thing anyone could do was expand their mind and THINK DIFFERENTLY
  • Explore real-world examples and scenarios where Infinite Banking policies can provide comprehensive coverage for various financial needs

Episode Resources:

 

E191: Lessons From Ray's Estate on How to Maximize Estate Growth and Smooth Transfer 0
Jul 11, 2023

Join Nate and Holly in this episode as they share invaluable lessons learned from managing Ray Poteet's estate. They deep dive and share how to avoid the pitfalls they encountered, ensuring a smoother journey toward building and transferring your estate. In addition, they discuss two paths available for estate building, yielding vastly different outcomes.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e191

~ 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:

  • Learn key considerations to ensure an effortless transfer of your estate
  • Why you should avoid probate at all costs
  • How to start moving your assets into a trust
  • Understand the two basic paths for your estate transfer
  • What is the family office estate concept
  • Why should you lean towards the family office estate concept if you're an entrepreneur or if you're entrepreneurial in your investments
  • The retirement building estate path vs. the empire building estate path
  • Learn how the Infinite Banking Concept adds creativity and influence to your financial plan

Episode Resources:

E190: How to Design a Cash-Rich Infinite Banking Concept Policy 0
Jul 4, 2023

In this episode, Nate discusses the efficient design of IBC policy premiums and answers common questions on this complex subject. He also discusses the mysteries surrounding premiums and equips you with the knowledge to make informed decisions.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/escapethebank

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e190

~ 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:

  • What insurance  “premium” really means in IBC, and what it's doing inside a policy 
  • How to set up premiums and how you should see and think about it
  • Learn about common misconceptions and resulting pitfalls that arise with premiums
  • Understand the relationship between the MEC limit and the base premium
  • Answer the common question of if you really have to pay premiums forever
  • Know what to do about your premiums when you're in a tough financial situation
  • How to handle premiums  if you decide to retire

Episode Resources:

 

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