The Infinite Wealth Podcast The Shortest & Most Confusing Chapter of Infinite Banking, Becoming Your Own Banker
Premiums should equal Income?!?!?!?!
This week, Cameron and Anthony take a comprehensive look at expanding banking system, focusing on the parallels between banks, insurance companies, and mutual funds. They discuss the concept of owning life insurance policies on others, like family members or business partners, emphasizing the importance of insurable interest. While discussing key points from Nelson Nash's "Becoming Your Own Banker," they explore how premiums can function as deposits and the potential benefits of self-insuring part of your auto insurance. The episode wraps up with a detailed discussion on peer pressure, decision-making, and how these factors impact financial planning. Stick around for a dose of humor as Anthony shares a personal anecdote about an accident involving his pug!
Resources:
Schedule your 15-minute call with Anthony or Cameron here:
Check our online course at www.InfiniteWealthCourse.com
Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC