The Infinite Wealth Podcast

Schedule your 15 minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast On pages 48 of Becoming Your Own Banker Nelson Nash states “premiums and income should match.” Nelson often taught in parables and often used the phrase “it’s all about how your think.” This is an example of Nelson giving us an idea without much direction on how to execute it. In this episode we outline our three rules for how/when to expand your banking system and we also provide a practical example of what it looks like. Resources: "Expanding Your Banking System" 15 year vs 30 Mortgage: Which is best?  

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our on-line course at www.InfiniteWealthCourse.com In this episode, we welcome Darrel Evans, Co-Founder of Yokel Local and Host of the MindShift Podcast. We discuss ways people can shift their mindset from an employee to that of an entrepreneur. What is an Entrepreneur’s Mindset....its a way of thinking that enables one to overcome challenges, be decisive and accept responsibility for one’s outcomes. Topics include: Fear: How it affects the decisions we make Accountability: Everything is dependent upon you Resiliency: Must learn to deal with mistakes and failures Humility: Willingness to learn from others. Can’t be arrogant and learn at the same time Constructive Criticism: Business is a series of unending course corrections Quotes: “Prosper where you are planted” – D. Evans “Life (and business) is a series of challenges. When you complete one challenge you get rewarded with another.” - C. Christiansen Resources: https://www.themindshiftpodcast.com/ https://www.yokellocal.com/ The E-Myth by Micahel Gerber Cashflow Quadrant by Robert Kiyosaki Think and Grow Rich By Napoleon Hill The Power of the Subconscious Mind by Joseph Murphy Psycho-Cybernetics by Maxwell Maltz

Schedule your 15-minute call with Anthony or Cameron here: https://calendly.com/infinitewealth/15mincall  On today’s episode we interview Mark Podolsky aka “The Land Geek.” Mark has completed in excess of 5,400 land transactions over the last 20 years. He shares with us how he got started, how he’s been able to scale his business while working just a few hours a week and he tells us WHY he teaches other investors how to do the same.  In addition, you will learn how he was able to create enough passive income to leave his investment banking career in just 18 months. Topics discussed include: Solo-Economic Dependency: What is this and why is Mark is on a mission to rid the world of it Mark explains the 5 step process of Flipping Land  How the last financial crisis affected his business and what he would do differently  Mark tells us that to be successful in this type of business you need to have skills: (1) You must enjoy getting a good deal and (2) Embrace the suck  How much capital is needed to get started Land Flipping? He tells us how he’s been able to automate 90% of this business and only work a few hours a week Next Steps: Investors Launch Kit https://bit.ly/LGLaunchKit  Land GeekBoot Camp (Las Vegas Aug 7th – 9th) Flight School Flight School LIVE  Quotes: This business model is simple but not easy – Mark P. Resources: https://www.thelandgeek.com/ https://www.thelandgeek.com/bootcamp/ Dirt Rich by Mark Podolsky www.InfiniteWealthCourse.com Profit First by Mike Michalowicz **We use affiliate links. If you decide to buy something we may receive compensation from those companies

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast In this episode we discuss one of the most commonly asked questions: “What should my premium(s) be?” Clients often struggle with this question when they first initiate a policy; We provide a general rule of thumb we've used when helping clients determine what their premiums should be. Also, we discuss other considerations for policy design such as how much a client is saving, cash sitting in checking/savings accounts, expected windfalls, etc.....Each of us provide a case study for listeners to better understand what goes into policy design. Why client should view premiums as a “deposit” rather than an expense Why it’s important for clients to understand the flexibility they have when paying premiums How much are you currently saving Are you expecting any windfalls Is there any cash sitting in savings accounts earning 0% General Rule of Thumb when determining Premium’s: 10x’s your age per month Case Study: 40 yr old Business Owner concerned with how much cash she had sitting in various checking accounts Case Study: 60 yr old Couple concerned about turning their 401(k) into cash flow Check our on-line course at www.InfiniteWealthCourse.com

Schedule your 15 minute call with Anthony or Cameron here:   http://bit.ly/iwc15podcast  In this episode we are highlighting pages 41 – 47 of Nelson Nash’s book Becoming Your Own Banker. We outline the five methods of having use of a vehicle (Lease/Finance/Cash/CD/IBC) and review the two methods that are actually profitable (CD/IBC).  Check our on-line course at www.InfiniteWealthCourse.com  Resources:    Video walkthrough of the CD vs IBC http://bit.ly/3anUHDO  Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC   Nelson Nash documentary http://bit.ly/NelsonDoc 

Schedule your 15 minute call with Anthony or Cameron here: https://calendly.com/infinitewealth/15mincall  In this episode we interview Todd Mardis, President of Capital Preservation Services. Capital Preservation Services places a high degree of focus on income tax planning for clients paying in excess of $75k in Federal Income Taxes. Todd is joined by one of his tax attorneys, Walt Dallas as we discuss the topics listed below and many more: What about CPS makes them different than any other accounting firm Do clients need to change their current CPA if they choose to work w you Why most CPA’s do not provide tax advice or tax planning? Why are most CPA’s conservative? What is the difference between a tax attorney and a CPA? How does a client prove their deductions and what type of inhouse help do you provide? What to do if you get audited? Check our on-line course at www.InfiniteWealthCourse.com   Resources: https://cpsllcms.com/

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast

Schedule your 15 minute call with Anthony or Cameron here: https://calendly.com/infinitewealth/15mincall Check our on-line course at www.InfiniteWealthCourse.com In this episode we discuss (a few) reasons why we do NOT recommend IUL’s for use with the Infinite Banking Concept. We do our best to give an overview of some of the pitfalls without getting too far into the numbers and for those of you that have more questions and want additional resources you can go to our website (www.InfiniteWealthConsultants.com/IUL. Here you can watch video’s highlighting the math behind IUL’s, the differences in IUL illustrations vs WL illustrations, the costs in an IUL Policy as well articles from The Wall Street Journal, Bloomberg and a Warning from the State of New York regarding IUL Policies (and much more). In this episode we discuss the following topics: What are the differences between Universal, Variable and Indexed Universal Life? Mixes stock market with insurance How the risk is shifted from the insurance company to the policy owner Can IUL policies go Bankrupt? Cash Value vs Surrender Value...What’s the difference and why is it important? Will an IUL help you achieve your goals? Additional Resources can be found at www.InfiniteWealthConsultants.com/IUL Video: The Math Behind IUL’s Video: The Differences in IUL and WL Illustrations  Video: The Costs inside of an IUL Policy  Link: Warning from State of New York on UL Policies  Link: Bloomberg Article by Michael Burry (Christian Bale’s Character in the Big Short)  Link: Wall Street Journal Article addressing the pitfalls of IUL’s And MUCH more!!

Schedule your 15-minute call with Anthony or Cameron here:    https://calendly.com/infinitewealth/15mincall Check our on-line course at www.InfiniteWealthCourse.com    In this episode we interview Blake Johnson, Managing Member of Trusted Estate Planning Attorneys. He shares his insights on Nevada Law in regards to Business and Estate Planning as well as his reasons for practicing the Infinite Banking Concept. Here are the list of topics covered in this episode:    Is estate planning only for wealth people?  Ways to avoid probate court  Difference between a living will and a trust  Two main reasons in determining whether you should have a trust or not?  Guardianship over minor children  Life Insurance and Trusts – Should my LI policy be owned by my trust?  Which is best to have as my beneficiary: A trust or an individual?   Estate planning through the ages  How does the level of creditor as well as asset protection of cash value life insurance in the state of Nevada compare with other states?  Nevada Asset Protection Trust: “untouchable for spousal support and child support  Rental Real Estate: Should it be owned in a trust or an LLC?  What is a Series, LLC and should real estate investors use one?  Downside of using a Series LLC?  If I finance a house in my personal name can I move it into an LLC?  How his internship at NW Mutual introduced him to the financial industry and how this played into his decision to practice the Infinite Banking Strategy.     Resources:  Blake’s website: https://trustedepa.com/  Blake’s Podcast Link: https://trustedepa.com/podcast/  Blake’s Book: https://www.amazon.com/You-Cant-Take-Planning-Questions/dp/1544707096  Your cash value is protected in Nevada SB348: https://www.leg.state.nv.us/Session/76th2011/Bills/SB/SB348.pdf  List of asset protection by state for Cash Value Life Insurance: https://www.actec.org/assets/1/6/Survey_of_Asset_Protection_Techniques.pdf  Tax Free Wealth by Tom Wheelwright, CPA: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058  The Obstacle is the Way: https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358