• Becoming Your Own Banker, Part 33: Recap

  • Jun 10 2024
  • Duración: 30 m
  • Podcast

Becoming Your Own Banker, Part 33: Recap Por arte de portada

Becoming Your Own Banker, Part 33: Recap

Escúchala gratis

Ver detalles del espectáculo

  • Resumen

  • Join the wealth revolution and see how understanding banks and banking allows you to create financial freedom by becoming your own banker. We're wrapping up our series on Nelson Nash's pivotal work on Infinite Banking, his book Becoming Your Own Banker. Unlock the secrets to becoming the master of your own financial destiny with our eye-opening discussion on 'Becoming Your Own Banker.' https://www.youtube.com/live/K2xm9EKp67Q Say goodbye to the days of simply being a cog in the banking machine and hello to wielding Infinite Banking to your advantage. We wrap up our enlightening series by emphasizing the shift from passive consumer to proactive controller of your capital. Diving straight into the heart of financial empowerment, we unravel the misconceptions sold by social media 'experts' and emphasize the importance of understanding and solving the core issues, rather than getting lost in product illustrations. It's all about prioritizing saving over borrowing to secure your financial freedom. Bruce joins us to offer his insights into Nelson's critique of the banking and insurance sectors, and their reluctance to embrace practices that put you in the driver's seat of your financial journey. Discover the commitment required to build discipline and generational wealth, and the subtle art of respecting your own money as you would a traditional bank's. We also explore investment strategies for long-term growth, drawing inspiration from Warren Buffett, and delve into the importance of economic literacy for sustaining wealth. By the end of this episode, you'll have an arsenal of tools and resources to lay the foundation for a legacy of prosperity. The Arrival SyndromeWhat Does it Mean to Become Your Own Banker?Book A Strategy Call The Arrival Syndrome Over the course of our year and a half spent dissecting Becoming Your Own Banker, one of the most stand-out lessons is to avoid “arrival syndrome.” Arrival Syndrome was Nelson’s term for thinking that you have everything figured out. And the problem with this mindset is that you become unwilling to learn, and often unwilling to revisit old ideas. And yet, there isn’t a single person who has everything all figured out. Arrival Syndrome is something to avoid whether you’re brand new, or you’ve been in an industry for decades. It is simply not a mindset that will serve you well. Even as Bruce and I dug into the book, we found ourselves seeing the same information in a new light, and we have both studied Infinite Banking for many years. Bruce himself studied with Nelson while he was alive. And so it really goes to show that you can always put yourself in a beginner’s shoes and learn something. What Does it Mean to Become Your Own Banker? A common misunderstanding about Infinite Banking is that you’re building your own bank. However, what you’re really doing is becoming a banker. By building cash value in a life insurance policy, you’re creating a pool of money that you have complete control over, that way you can be the one to assume the banking function, cutting out the middleman. Then, when you need access to capital, you don’t have to beg for it and convince an institution that you’re worth it. This means that you also get complete control over the financing terms, like when you pay it back, how frequently, and even how much. By assuming this kind of control in your life, you have a lot more power over your assets and their growth. When you have to rely on external forces for your banking, you can lose out on opportunities or otherwise find yourself limited. So remember—Infinite Banking is about taking on the role of the banker in your life. It’s also important to note that Infinite Banking is for those who have already established good money habits. This is not a strategy you can implement if you’re trying to get out of debt or fix your financial problems. Good habits mean that you don’t have massive consumer debt,
    Más Menos
activate_primeday_promo_in_buybox_DT
Liderazgo Economía Finanzas Personales Éxito Personal
Más Menos

Lo que los oyentes dicen sobre Becoming Your Own Banker, Part 33: Recap

Calificaciones medias de los clientes

Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.

Reseñas de Audible.com

Opiniones de Amazon
No hay comentarios disponibles