Wealth Without Bay Street 222: Use infinite banking to buy a business | Jim Oliver
Do you want to avoid traditional financial strategies that leave you feeling stuck?
In this episode, we dive deep into the Infinite Banking Concept (IBC) and how it can be a game-changer for entrepreneurs looking to buy and scale businesses. Join us as Jim Oliver, a seasoned Infinite Banking practitioner, reveals the secrets to creating a financial tailwind using this powerful strategy. Discover how real-world business owners have successfully implemented IBC to acquire businesses and build substantial wealth—beyond the confines of Wall Street.
Jim's transformative approach to finance emphasizes, “You've got to rethink your thinking if you're going to be successful with Infinite Banking. It's not just about making money—it's about creating opportunities and achieving financial independence.”
Tune in to this enlightening episode and learn how you can start using Infinite Banking to buy a business and secure your financial future today!
▶️ Use infinite banking to buy a business | Jim Oliver
Key Points:
00:00 Introduction
04:00 Financial disillusionment experienced from traditional investment returns.
08:31 Personal wealth management beyond conventional investments.
11:14 Casual professional attire and personal branding in financial seminars.
14:39 Importance of structuring business ownership and insurance.
18:06 The emotional and financial significance of life insurance payouts.
24:11 The power of visionary thinking in financial success.
28:17 Self-financing in business operations for greater financial gain.
34:43 Asking the right questions to unlock financial insights.
36:49 Mentorship and strategic coaching in enhancing business success.
40:37 Significance of a lifelong commitment to work and personal growth.
43:38 The value of lifelong learning and teaching.
47:15 The need for perseverance in changing one’s financial mindset.
50:27 Focus on defining one's identity and ambitions clearly.
Resources mentioned:
Becoming Your Own Banker: Unlock the Infinite Banking Concept:
https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS
Backwards bike video:
https://www.youtube.com/watch?v=MFzDaBzBlL0
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Jim Oliver is the visionary founder of CreateTailwind, established in 1988 in Denver, CO. Originally operating as a full-service financial planning firm, Jim guided his team through two significant Wall Street corrections, which catalyzed a pivotal shift in the firm’s focus—empowering clients to amass wealth independently of Wall Street brokers. This transformation was heavily inspired by R. Nelson Nash's influential book, How to Become Your Own Banker, introducing clients to the concept of “becoming your own banker”—a strategy previously unimaginable to many due to its unconventional approach.
At CreateTailwind, Jim emphasizes that “hope is not a strategy.” The firm champions an “AND strategy,” which involves accumulating funds in a personal money pool and strategically deploying this capital to generate further wealth, fostering a significant paradigm shift in financial planning. Under Jim’s leadership, CreateTailwind has flourished into a nationally recognized, multi-location firm. It has assisted thousands of individuals and businesses across the U.S. to break free from conventional financial dependencies.
Visit Jim’s Podcast:
https://createtailwind.com/breakaway-wealth/
Facebook: https://www.facebook.com/createtailwind
LinkedIn: https://www.linkedin.com/in/jim-oliver-2931147/
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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
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook: https://www.facebook.com/wealthwithoutbaystreet/
Subscribe to our Youtube Channel: https://www.youtube.com/channel/UCj8ZlieHodxhD0vC75-rq0g
Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427
Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
🤝 Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/
📚 IBC RECOMMENDED BOOKS
https://shop.ascendantfinancial.ca/?LeadSourceId=427
📽️ 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/
#WealthWithoutBayStreet #BeYourOwnBanker