Have you ever considered the actual cost of your purchases? When you spend $100, $500, or any amount, are you really only spending that amount? No. You must also consider time, speed, and control, especially when buying a high-value item and borrowing money to fund it. To fully understand the importance of knowing the real cost of acquisition and getting a higher rate of return for your money, tune in to today's conversation.
In response to the requests to bring back the BYOB series, Russ and Joey continue their book review of Becoming Your Own Banker by Nelson Nash.
This episode is Part 14 of an 18-Part Series.
Top 3 Things You’ll Learn:
- The true cost of buying something
- How to reduce your cost of acquisition by becoming your own banker
- How to get the most efficient storehouse for your money
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.
Join the Inner Circle Live: August 25-27, 2023
https://go.wealthwithoutwallstreet.com/innercirclelive-2
Promo Code: PODCAST
That Which is Seen, and That Which is Not Seen by Frédéric Bastiat:
https://www.amazon.com/That-Which-Seen-Not-Bastiat/dp/1947844334
Economics in One Lesson by Henry Hazlitt:
https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232
Free Financial Strategy Call:
https://www.wealthwithoutwallstreet.com/freecall
Becoming Your Own Banker by R. Nelson Nash:
https://www.wealthwithoutwallstreet.com/ibcbook
The Infinite Banking Concept Explained by a CFP:
https://www.youtube.com/watch?v=sVuexMv6Kf4
IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:
https://www.youtube.com/watch?v=h4rugVZkajc
Join the Community:
https://www.wealthwithoutwallstreet.com/community
Turn Active Income Into Passive Income:
https://www.wealthwithoutwallstreet.com/PIOS
Take the Financial Freedom Analyzer:
https://wealthwithoutwallstreet.com/quiz
Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/passport
Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind
—
The Wealth Without Wall Street Podcast