August 13, 2024

232. How Infinite Banking Can Transform Your Financial Future

Show Notes

Wealth Without Bay Street
Wealth Without Bay Street
232. How Infinite Banking Can Transform Your Financial Future
Loading
/

Wealth Without Bay Street 232: How Infinite Banking Can Transform Your Financial Future

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/ 

Financial freedom isn't just about accumulating wealth—it's about living it. Having complete control over your financial decisions while building a legacy of wealth for generations is an absolute dream for many. Fortunately, infinite banking allows us to achieve that. 

In this episode, we are joined by Nate Scott from Living Wealth. Nate shares his extensive experience with the Infinite Banking Concept (IBC), discussing its impact on his life and the lives of others. From the wisdom of Nelson Nash to practical applications of IBC, this conversation dives deep into why you should consider Infinite Banking to achieve financial freedom. 

Discover how IBC can provide the control, flexibility, and security you need to reach your financial goals. Tune in to this episode to understand why you should consider the Infinite Banking Concept for your financial strategy.

▶️  How Infinite Banking Can Transform Your Financial Future

Key Points:

00:00 Introduction

04:01 Understanding the infinite nature of Infinite Banking.

08:53 Transitioning from building to deploying capital.

13:27 Importance of deploying capital effectively in business.

18:02 Benefits of having capital in life insurance policies.

22:25 Private lending and being your own banker.

27:02 The banking system's inefficiencies.

31:33 Misconceptions about term life insurance and market investments.

35:56 Becoming your own banker: the journey and mindset.

41:03 Nelson Nash's vision and approach to Infinite Banking.

46:08 The impact of having a key team in a business.

51:01 Shifting focus from individual success to team success.

———————————————————————————————

Nate Scott is the President of Living Wealth, Inc., where he passionately helps families and small businesses achieve financial freedom through Private Family Financing (PFF). Under the mentorship of Ray Poteet, Nate embraced the concept of “Becoming Your Own Banker” and has dedicated his career to educating others about this powerful financial strategy. As a dynamic coach and speaker, he hosts the popular podcast “Dollars and Nonsense,” where he shares insights on Infinite Banking. Living in Lawrence, Kansas, with his wife Ashley, Nate enjoys spending time with family and friends, deepening his faith, and participating in his church's worship team. His mission is to empower clients to transform Infinite Banking into a lifestyle, creating lasting financial impact for generations.

Links

Website: https://livingwealth.com/?nab=1  

Facebook: https://www.facebook.com/livingwealthco/   

LinkedIn: https://www.linkedin.com/in/nate-scott-08603272/  

Twitter: https://x.com/thelivingwealth 

Youtube: https://www.youtube.com/channel/UCQmuiF9hglgIu-C4SPPHPRA

———————————————————————————————————————

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://www.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:

https://dayofnelson.com/day

🤝 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/