Wealth Without Bay Street 168: Infinite Banking Concept Fallacies and Myths
Consider the image of a tree stump for a moment. Former forester turned powerhouse financial thinker Nelson Nash likens it to investing in a whole life insurance policy. He once asked, “What does each ring represent?”
The answer: it symbolizes one year of uninterrupted growth. You're paying no tax on that build-up. So it's inconsequential that the space between each one of these rings is different. When the dividend is declared, it's declared on the entire circumference.
The circumference of the policy just keeps getting larger and larger, helping grow your wealth exponentially.
Tune in to this new episode – How The Infinite Banking System Started.
FREE report 7 Simple Steps to Becoming Your Own Banker – http://7steps.ca/
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IN THIS EPISODE, YOU WILL LEARN:
[00:00:03] Introduction: How IBC started
[06:27] The tree stump analogy
[10:17] Grow your dividends
[17:53] Patience and Parkinson's law
[20:03] Should you use a policy loan or pay cash for a vacation?
[29:03] Where your money must reside
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QUOTES:
- When you buy a policy, you're buying the company too
- Planting trees and policies in a strategic manner
- What you do as the policy owner directly and immediately impacts the size of your dividend in each given year
- Set up a whole life policy with uninterrupted compound growth
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🎙️ WEALTH WITHOUT BAY STREET LINKS:
Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427
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Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
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📚 IBC RECOMMENDED BOOKS
https://www.wealthwithoutbaystreet.com/books
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
#WWBS #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet
