Exploring Infinite Banking and the Philosophy of Leadership

This chapter explores the concept of infinite banking and its appeal to certain individuals, as well as the hosts' interest in leadership and their involvement with admired leadership, a company that teaches the behaviors of great leaders. They also share information on accessing the free service called daily field notes offered by admired leadership.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

During this episode, Financial Advisor and Associate Portfolio Manager Phil Briggs joins us to discuss the ‘cash wedge’ financial strategy. He also shares his motivation for joining PWL Capital after kicking off his career in the banking industry. Next, Mark McGrath unpacks the four D’s of tax planning and how to implement them in your future planning. We review a much-loved past episode featuring Dr. William Bernstein and unpack the principles taught in Seth Godin’s latest book, The Song of Significance. During the aftershow, you’ll hear about our recent explorations in the world of infinite banking, Admired Leadership, and more. In closing, we share some of our favourite reviews from guests all over the world and offer a glimpse of what’s to come in upcoming conversations. Thanks for listening!

Key Points From This Episode:

(0:02:19) Phil’s introduction to financial services and his decision to join PWL.

(0:07:06)The role of the podcast in helping Philip to take the plunge and leave his role at the bank.

(0:09:35) What the ‘cash wedge’ strategy is and how it supports financial planning for retirement.

(0:22:41) Stress-testing financial plans using the Monte Carlo simulation.

(0:25:10) Mark McGrath joins the show for this episode’s Mark-to-Market segment.

(0:29:54) Assessing which category RSPs fit into.

(0:32:02) Past episode review: episode 108 with Dr. William Bernstein.

(0:34:22) Reviewing Seth Godin’s book, The Song of Significance.

(0:29:11) Seth’s principles on the road to significance.

(0:39:53) The aftershow: infinite banking, Admired Leadership, and more.

(0:42:43) Reviews from Canada, Australia, San Francisco, and beyond.