July 10, 2024

227. Infinite Banking Concept: Why Consider It?

Show Notes

Wealth Without Bay Street
Wealth Without Bay Street
227. Infinite Banking Concept: Why Consider It?
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Wealth Without Bay Street 227: Why Should You Consider The Infinite Banking Concept

PRE-ORDER A COPY OF OUR NEW BOOK!

Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/ 

Website: https://dontspreadwealth.com/ 

Achieving financial freedom is a goal for many, but the path to get there can seem complex and overwhelming.

In this episode, we talk with Clayton Smith, CET, Founder and Senior Technologist of C5 Projects, a certified engineering technologist turned entrepreneur who has successfully implemented the Infinite Banking Concept. Clayton shares his journey, insights, and the benefits of IBC, especially for those seeking financial independence. From real estate investments to navigating economic downturns, Clayton's experience provides valuable lessons for anyone interested in leveraging IBC for their financial security.

Discover how IBC can provide the control, flexibility, and security you need to reach your financial goals. Don’t miss out—listen now and start transforming your financial future!

▶️ Infinite Banking Concept: Why Consider It?

Key Points:
00:00 Introduction.
06:02 Importance of control over repayment terms.
12:40 Transitioning from an employee to a business owner.
16:30 The benefits of mutual insurance and the infinite banking concept.
21:30 Understanding policy loans and repayment flexibility.
26:28 Integrating infinite banking with real estate investments.
31:00 Experimenting with saving strategies through policy loans.
35:50 Planning for known financial events and windfalls.
40:33 The concept of continuous compounding in policies.
45:07 Practical examples of implementing infinite banking.
50:01 Passing on financial wisdom and policy benefits to the next generation.

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Clayton Smith, CET, is the Founder and Senior Technologist at C5 Projects, specializing in real estate media and mapping. With over 25 years of industry experience, Clayton is a Certified Engineering Technologist and holds degrees in Civil Engineering Technology and Geomatics Engineering Technology. His expertise spans surveying, mapping, underground utilities, subdivisions, construction, land titles, and zoning. A former municipal councilor and mayor, Clayton is also a public speaker, technology enthusiast, and real estate investor. Beyond his professional pursuits, he enjoys history, politics, economics, travel, health, and fitness, and is an avid coffee drinker.

Links
Website: https://c5projects.my.canva.site/
Instagram: https://www.instagram.com/clayton.smith.ab
https://www.instagram.com/c5projects/

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PRE-ORDER A COPY OF OUR NEW BOOK!

Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/ 

Website: https://dontspreadwealth.com/ 

🎙️ 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/

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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:

https://dayofnelson.com/day

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📚 IBC RECOMMENDED BOOKS

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📽️ 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 #InfiniteBanking #RichardCanfield #JaysonLowe