Financing Purchases and the Need for Finance

This chapter explores the concept of financing purchases and the importance of focusing on the need for access to money. It discusses the drawbacks of paying cash for cars and emphasizes the need for starting a life insurance policy.

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How does being your own bank work? If you want to understand how the Infinite Banking System works, this episode gives you the rundown, specifically the seven points Nelson emphasizes in his book Becoming Your Own Banker. It's amazing how one book can change so many lives. Let it change yours!

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they give you the step-by-step to Becoming Your Own Banker.

This episode is the final part of an 18-part Series.

Top 3 Things You’ll Learn:

Two ways to make money
How to get your dollars to run through a system like IBC
The Seven Steps to Becoming Your Own Banker

About R. Nelson Nash:

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

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https://go.wealthwithoutwallstreet.com/passive-income-retreat-2023-denver-co

The CASHFLOW Quadrant by Robert Kiyosaki:

https://www.richdad.com/cashflow-quadrant-fundamentals

The Land Geek:

https://www.thelandgeek.com/

Take advantage of the FREE Financial Strategy Call: https://go.wealthwithoutwallstreet.com/free-financial-call

Becoming Your Own Banker by R. Nelson Nash:

https://www.wealthwithoutwallstreet.com/ibcbook

The Infinite Banking Concept Explained by a CFP: