BYOB Book Review Part 4 | The Problem in Becoming Your Own Banker by Nelson Nash
The Wealth Without Wall Street Podcast
The Importance of Taking Over Your Own Banking Function
Nelson: By taking over that banking function of financing everything that you buy by paying cash, but now through your own banking function, okay? And so the cash flows don't change. They're just now in an environment that you own and control. That interest that you were paying somewhere else, either by lost opportunity or by finance charge, is now pushing you forward,. He says there's no magic to this. People are trying to find magical ways to do things; they start focusing on wrong issues.
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