The Money Advantage Podcast

When war across the world could mean war close to home or a whole world war … when conflicts thousands of years old can’t be solved overnight … when truth seems defined by who’s in power … when totalitarianism seems stronger than freedom and free markets … when open borders looked like compassion but instead weaken us from the inside … when economic prosperity and security look like myths … how do you thrive anyway? https://www.youtube.com/watch?v=KD__jKjby4o Back by popular demand and having just returned from Jerusalem during the October 7th terrorist attack, Rabbi Daniel Lapin joins us to confront today’s challenges with ancient wisdom tirelessly relevant to the turmoil of today. Gaining Perspective and Questioning MisinformationWhat this Conflict is NotHow Do We Thrive Amid Crisis and Chaos?Book A Strategy Call Gaining Perspective and Questioning Misinformation It’s always a pleasure to have Rabbi Lapin join us in conversation and this time he’s lending his personal experience on a particularly timely topic: the Israel-Palestine conflict. While Rabbi Lapin is back stateside, he was in Jerusalem at the time of the attacks and has particular insights on how to thrive in times of turmoil.  Typically, the Rabbi goes to Jerusalem while working on a new book or writing project. He and his wife typically spend between 4 and 6 weeks in Jerusalem each year, which they’ve been doing for many years.  [05:01] “I just find that writing is very, it’s very inspirational. It’s the only place I know where you can go and open your laptop in a coffee shop and before very long you’re going to be embroiled in deep philosophical discussions with people at the adjoining tables… It’s like a family.” It was at a Tabernacle retreat that Lapin was hosting when they heard sirens go off, and his group made their way to the air-raid shelters. Rabbi Lapin himself found it difficult to make sense of the situation until a missile hit the iron dome, which he describes as “earth-shaking.” The next day, he experienced a Jerusalem he had never seen. [09:10] “This sort of takes me back to Jerusalem pre ‘67 when I was a kid at Bible school in Jerusalem. Back in those days, before the ‘67 war, [the city] was very small, dark-ish, dismal.” In the wake of the attack, Rabbi Lapin and his wife decided that staying in Israel was the best thing they could do at the time. While they never had concerns about getting home, they felt that by staying they could better contribute to the good.  What this Conflict is Not While the conflict is a complicated one to unpack, Rabbi Lapin makes something clear—it is not a conflict over land disputes. If it were simply a land conflict, that could be resolved by bureaucracy. He emphasizes that a two-state solution has been offered many times and declined. What is happening is that, unlike Christianity and Judaism, Islam does not have room in its doctrine for other religions to exist. [14:44] “Starting in the 7th century, Mohammed started spreading the faith, and he used the sword. The choice was simple: become a Muslim or die. Now, you know, there was obviously a period where Catholicism was spread [by] the Crusades, [and] the desire was to free the Holy Land from the Infidel… but in general, certainly you could say that for the last 700 years, nobody ever pointed a gun at your head and said, ‘Become a Christian or become a Jew.’ But that’s not true for Islam.” [15:32] “One of the casualties of secularism, one of the casualties of abolishing a God-centric worldview, is a contracting of your window of time until you reach the ultimate of secular hedonism, which is: ‘Only today matters.’” How Do We Thrive Amid Crisis and Chaos? 4 This is what the Lord Almighty, the God of Israel, says to all those I carried into exile from Jerusalem to Babylon: 5 “Build houses and settle down; plant gardens and eat what they produce. 6 Marry and have sons and daughters; find wives for your sons and give your daughters in marriage, so that they too may have sons and daughters. Increase in number there; do not decrease. 7 Also, seek the peace and prosperity of the city to which I have carried you into exile. Pray to the Lord for it, because if it prospers, you too will prosper.” Jeremiah 29: 4-7  Amid all this chaos and turbulence that Jeremiah was experiencing in Biblical times, he assured people to keep living and prospering. This is a profound call to entrepreneurs and other producers to thrive in the face of crisis. Trust in God to bring abundance by partaking in the activities of an abundant life.  [46:37] “A declining population and an aging population is a huge problem.”  [50:03] “My point is that using these principles of ancient Jewish wisdom, my folks have been making good money in bad times as in good times. And they’ve been doing that in tyrannical regimes like the Soviet Union, just as they have been doing it in wonderful and hospitable countries, like the United States.” [53:49] “In order to flourish financially, your head’s got to be straight. And to have your head straight, you need friendship and you need family; and to have family you need to have money, and to have money… you know. All these things interact with each other.” Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Financing costs are much more than just interest rates. First, there is the time required to obtain the financing, and then, often numerous steps to qualify and negotiate. This financing is very expensive when you account for the number of executives whose time is required for the endeavor. https://www.youtube.com/watch?v=-MmWlkTQsWE Infinite Banking overcomes this cost of acquisition, allowing you to obtain financing quickly and make timely decisions. In this episode, you'll recognize that time is more expensive than money as we dissect the true cost of acquisition in both personal and corporate finances. We'll help you understand that every minute and mental whack we spend on acquiring capital has a significant cost, which often goes unnoticed. Together, we'll draw wisdom from Nelson Nash's "Becoming Your Own Banker," reminding us of the importance of seeking reliable information and being confident in understanding financial concepts.  In a world that's always changing, waiting too long can cost you. That's why we're bringing you the Infinite Banking Concept, freeing you from the shackles of loan qualification and liberating your mind to focus on life's bigger decisions. We'll show you how to align your actions with your values and run your life like a small business, emphasizing the fundamental role of finance and whole life insurance policies. Tune in today as we continue our journey through Nelson Nash‘s book, Becoming Your Own Banker, to reveal yet another often invisible, yet powerful advantage of Infinite Banking. Cost of Capital vs. Cost of AcquisitionFinancing Takes TimeWhat Can You Do with Your Time? Book A Strategy Call Cost of Capital vs. Cost of Acquisition We often talk about the cost of capital in discussions of Infinite Banking. After all, there’s an interest cost to all of your financial decisions, simply because if you’re not paying interest, you’re passing up the ability to earn interest. The cost of acquisition is just a little bit different, yet it’s just as important in discussions of wealth-building.  Simply put, the cost of acquisition is the cost of your time, expertise, and skills. What is it costing you in non-tangible assets to acquire/do something? If you’re jeopardizing your non-material assets in pursuit of savings or a deal, is it really worth that cost? This is an especially prudent question when you consider how much time you’re going to spend doing something, versus how else that time could be spent.  You can also apply this idea to spending. Say you’re committed to finding the cheapest gas to fill your car with. In doing so, you’re successful, but you spend 30 minutes or more driving around to find it, and deplete your tank further than if you had just stopped at one of the first places you saw. This takes time and mental energy, and what do you really save? There is a cost of time and energy here that doesn’t necessarily make the savings worth it.  When it comes to wealth, you have to think about the big picture. Time is money, and you just consider this in your financial decisions, too.  Financing Takes Time Financing takes time, but time is money. That’s the lesson here. Consider you’re seeking to finance a major purchase, like a car. You have an Infinite Banking policy, but you hear that the bank can do half a point better. So, you decide to speak with a lender and jump through their hoops. This can take days and time and effort, which keeps you away from your regular routine. You’ve got to prove that you can repay the loan, supply paperwork, and more. In the end, your payment isn’t much different than if you had simply financed through your whole life insurance policy, with no hoops to jump through, and maybe you could have put that additional time towards a more lucrative business decision.  In some cases, maybe the bank financing would still be worth the time. The loan may be several points better, and you feel that this will save you significantly on your monthly payments in the long run. The beauty of Infinite Banking is that you have options. You can choose to finance the purchase yourself, or through a bank. And if you choose to finance yourself, you can save time.  So even though, from a purely economic standpoint, you’re better off paying a lower interest rate, there is still a cost to spending your time in pursuit of that loan. It’s up to you to determine whether that cost serves the bigger picture or not.  [15:15] “The advantage of having cash value accessible and usable is that you absolutely qualify to get a loan against your cash value just because you are a policyholder, and that is a right of being a policyholder. And because you have that quick guarantee, your time is freed up to do so many other things.” What Can You Do with Your Time?  Time is an incredibly valuable resource, as entrepreneurs know. While entrepreneurship is in many ways about breaking free from the “trading time for money” model of employment, that doesn’t mean time ceases to matter. Instead, time becomes even more valuable, because you can use it to increase your dollars exponentially, rather than for an hourly rate. So imagine what you could do with extra time in your business if you didn’t have to be as concerned with small, time-consuming details.  You also want to be sure that your decisions align with your values. Do you value time with family or your relationships? What if the time you saved could give you more time to spend with those you love? The possibility of whole life insurance allows you some flexibility to make choices that are better aligned with your values.  [43:47] “[With whole life insurance] you have the opportunity to not have to go through all of that cost of acquisition. You can make quick decisions when it makes sense for you to make the decision, not based on what you’re getting paid… not based on interest rates that are high or interest rates that are low, and not even based on whether we’re in a boom cycle or a bust cycle.” The only way that you can start having capital to make these decisions is by taking over the banking function, and you do that with participating whole life insurance from a mutual company. Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Want to see the real-time historical performance of the Infinite Banking Concept?  Usually, when you hear about policy performance, it's from looking at illustrations. But illustrations aren't "performance," they are projections of future growth, based on current dividends and interest. That's why we love getting the opportunity to share the actual historical performance of Infinite Banking policies, and our philosophy and vision for building our family banking system with multiple policies.  https://www.youtube.com/watch?v=C39wi4O3838 Today, we're discussing the actual capitalization, growth, dividends, cash values, and death benefit of our Family Bank. Our conversation shifts to the personal legacy we're crafting through our family banking system, a journey that began 11 years ago with our first whole life insurance policy. We recount the pivotal decisions that shaped our financial foundation, such as transitioning our assets from precious metals to a more liquid form.  We delve into the significance of long-term planning and how our present actions are intended to bless generations to come. Engage with us and consider how you might shape your own infinite banking story. Lastly, we explore the strategic intricacies of life insurance policies, emphasizing the importance of designing a policy to allow for as large of premiums for as long as possible. Prior Episodes In This SeriesStructure of the Family Banking SystemDividends on the Annual StatementNew IllustrationsThe Difference in a YearBook A Strategy Call Prior Episodes In This Series Part 1 Mar 2022: Why We Started a New Life Insurance Policy Part 2 Oct 2022: Adding a Second Whole Life Policy Part 3 Feb 2023: Capitalization Phase - End Of Year Update Structure of the Family Banking System In this episode, we take a look at the annual statements for our family banking policies, and the components to be aware of. It’s important to us that we share what we’re doing with our family so that you can see proof of the Infinite Banking Concept in action. In the first policy (listen or watch the full episode to get the details on our 2nd policy as well) we examine, our total premium is $20,000. However, you can break down that premium and see that there are several components at “work” in our premium.  The base premium is the minimum amount of premium that must be paid every year to keep the policy current. This is actually only a little more than $7,000. The rest of the 20k premium is composed of Paid Up Additions (PUA) and other riders. One such rider is called “waiver of premium.” This rider can only be applied to the base premium, and it protects the policy owner from paying premiums in the event of a disability that prevents working. There is also a term insurance rider on the policy, with its own waiver of premium rider.  The term insurance rider lasts for 30 years, and the corresponding death benefit will drop off after that term unless it’s converted to additional life insurance. This conversion option allows us to keep that death benefit if we wish, and build additional cash value after it’s converted to whole life insurance. This is a great way to maximize your death benefit when you’re starting out.  Dividends on the Annual Statement On our annual summary, you can also see the total accumulated dividend we earned for the year and how it was applied. The line items can get a bit confusing, as it moves between dividends and additional death benefit, but for the year our total dividend was $4,233.15. A large portion of this came from the base policy, while a more significant portion of this came from various PUAs. Our “lifetime” total for dividends earned since 2021 is $7,800.48. So in one year, we earned more dividends than the previous year. This is a testament to the power of compounding interest.  In this section, you can see that the PUAs are also adding about $2 of death benefit for every dollar of premium. If someone in their 20s were to look at their annual statement, they might get $4 of death benefit for every dollar of premium. This is simply because the cost of insurance increases over time. The sooner you begin a policy, the sooner you can lock in your current insurability.  New Illustrations When you get your annual statement, you also receive a revised illustration. This is like a snapshot in time—it’s going to give you a solid idea of what to expect for the next year, and a very general idea of what will happen over the lifetime of the policy. This is because the illustration assumes the same declared dividend for every year, yet dividends change from year to year. There are also likely to be discrepancies in the illustration vs. reality (though typically minor, and sometimes greater than what’s illustrated).  Once the dividend is applied, all future projections change. In other words, while your illustration gives you a solid picture of your policy’s trajectory, don’t put too much stock in the exact numbers.  The Difference in a Year Finally, we share a snapshot of our family banking system from December 2022 compared to December 2023. We compare the total premium paid to date, as well as the total death benefit. One of the first results of note is that in a year’s time we paid 50k in total whole life premium, while our total whole life death benefit increased by over 84k. Meanwhile, our total cash value only increased by about 45k. So our family’s coverage and protection is increasing by more than what we’re putting in, while our cash value increase is getting close to matching our premium deposits.  Hopefully, this gives you a good sense of what the capitalization phase looks like. We feel very good about the cash value we’ve accumulated, the habits we’ve supported, as well as the values we’ve instilled in our family. To learn more about how we use this family banking system within our family, check out our Family Summit post. Book A Strategy Call Are you ready to take control of your finances and legacy? We offer two powerful ways to help you create lasting impact: Financial Strategy Call – Discover how Privatized Banking, alternative investments, tax-mitigation, and cash flow strategies can accelerate your time and money freedom while improving your life today. Let us show you how to align your financial resources for maximum growth and efficiency. Book a Strategy Call with our team today. Legacy Strategy Call – If you want to uncover your family values, mission, and vision, and create a legacy that’s about more than just money, we can guide you through the process of financial stewardship and family leadership. Save time coordinating your family’s finances while building a legacy that lasts for generations. Book a Legacy Strategy Call to learn more about how we can help. We specialize in working with wealth creators and their families to unlock their potential and build a meaningful, multigenerational legacy.

https://www.youtube.com/watch?v=LdKhSP9HubE There's a saying that "family isn't just important, it's everything." This rings true for my family, the Marshalls, who are committed to creating an enduring legacy that will reach beyond our generation. On a recent episode of our podcast, we gave listeners an intimate look into our yearly tradition - the Marshall Family Summit. Joined by our special guest and daughter, Avalynn, we shared how reflection, goal-setting, and intentionality play crucial roles in shaping our multigenerational legacy.  Table of ContentsThe Art of Reflection and Planning for the Future - A Family SummitOur Celebration of Family Milestones and Personal GrowthStriking a Balance Between Meticulous Planning and Nurturing RelationshipsReflecting on Key Experiences That Shaped Our YearAn Invitation to You: Cultivate Your Family's LegacyImplement Your Family Summit: Take Inspiration from Our ApproachWant Help Creating a Multigenerational Legacy Of More Than Money? The Art of Reflection and Planning for the Future - A Family Summit Our family summit isn't just a retrospective on the past year but also a strategic planning session for the year ahead. We took inspiration from Dan Sullivan's Strategic Coach and stressed the importance of reflecting on past successes to fuel future aspirations. We revealed how this practice has evolved into a powerful tool for setting clear, achievable goals for the future. Digging deeper into the details of the summit, you'll find that it's a well-thought-out process. It begins with us coming together as a family to review the past year. Each of us shares our achievements, challenges, and personal growth. These reflections lay the groundwork for our future plans. We then collaboratively set goals for the next year, ensuring everyone is on the same page and committed to their realization. This balance of reflection and proactive planning is critical to the success of our annual summit and the continuous growth of our legacy. Our Celebration of Family Milestones and Personal Growth Reviewing the past year, we highlight moments that have strengthened our family bonds, both losses and wins. From the joyous event of welcoming our newest family member, our first son Eli, to personal victories like publishing our book Seven Generations Legacy, we discuss our individual and collective growth. Our conversation then transitions to our travel plans, financial decisions, and financial planning for the year ahead.  We then review our family guidance system, encompassing our ideals, shared values, and mission and vision statement. This system, we explain, forms the basis of our daily, weekly, and annual routines. It ensures that our actions and decisions align with our long-term vision for our family. From the smallest daily choices to significant life events, the guidance system provides a roadmap to guide our journey. This system and our annual reflection and planning summit are powerful strategies for sustained family growth and legacy building. Striking a Balance Between Meticulous Planning and Nurturing Relationships One critical insight from the episode is the delicate balance between detailed planning and maintaining healthy relationships. Rather than being a trade-off, we found that our in-depth planning enhanced our relationships with others. We shared our experience hosting a weekly community group in our home and how these moments are intertwined with our larger goals. This approach shows that structure and meaningful interactions can not only coexist but also strengthen each other, leading to more prosperous relationships and a stronger sense of community. Reflecting on Key Experiences That Shaped Our Year Looking back at the past year, we reflected on six experiences that made a significant impact. These range from the birth of our son to our intentional approach to home decor, each echoing our family's values and spiritual growth. We also celebrated the success of our book 'Seven Generations Legacy' reaching bestseller status in seven categories on Amazon and inviting others into our home where we craft unforgettable experiences for our family and others. Each of these experiences embodies the unique blend of personal growth, family values, and intentional living that underpins our journey. They serve as tangible examples of the legacy we're building, offering inspiration for other families aiming to do the same. An Invitation to You: Cultivate Your Family's Legacy We extend an invitation to you to join us in our journey of intentional planning. We encourage you to set goals and plan with purpose, involving every family member (if old enough) in the process. This helps shape a powerful legacy and instills a sense of stewardship in the younger generation. Our Marshall Family Summit weaves tradition, strategic planning, and heartfelt family stories. It inspires anyone looking to build a legacy that will echo through generations. We show that with reflection, intentionality, and unity, every family can forge a path to enduring success and fulfillment. Implement Your Family Summit: Take Inspiration from Our Approach Reflecting on our family's approach, consider how you can nurture your family's legacy. Whether it's through hosting your own family summit or simply setting aside time to reflect and plan, the steps you take now will echo through generations to come.  Start by identifying your family's ideals and core values and establishing a mission and vision statement. These will guide your actions and decisions, constantly reminding you of your collective vision. Then, develop a tradition of reflection and goal-setting, involving every family member in the process. Celebrate your successes, learn from your challenges, and use these experiences to shape your future plans. Building a lasting legacy is a journey that requires time, intentionality, and commitment. But as our family, the Marshalls, show you, it's a journey worth taking. By investing in your family's future, you're crafting a legacy that will inspire and guide future generations. Want Help Creating a Multigenerational Legacy Of More Than Money? Are you ready to take control of your finances and legacy? We offer two powerful ways to help you create lasting impact: Financial Strategy Call – Discover how Privatized Banking, alternative investments, tax-mitigation, and cash flow strategies can accelerate your time and money freedom while improving your life today. Let us show you how to align your financial resources for maximum growth and efficiency. Book a Strategy Call with our team today. Legacy Strategy Call – If you want to uncover your family values, mission, and vision, and create a legacy that’s about more than just money, we can guide you through the process of financial stewardship and family leadership. Save time coordinating your family’s finances while building a legacy that lasts for generations. Book a Legacy Strategy Call to learn more about how we can help. We specialize in working with wealth creators and their families to unlock their potential and build a meaningful, multigenerational legacy.

Are you unhappy with your job because you want more fulfillment and meaning out of life? Most people think retirement is the answer. But rather than delivering on its promises, retirement is a trap. Instead, you must learn to live on purpose. https://www.youtube.com/watch?v=c1IxQgBIPn8 Prepare to unearth the secrets of living a life of purpose and financial independence with insights from Nelson Nash's Infinite Banking Concept detailed in his trailblazing book 'Becoming Your Own Banker'. This episode promises a powerful discourse on how taxation, government programs, and exceptions are sculpting a potential financial crisis for Americans. Brace yourself as we expose the ramifications of the government's soaring borrowing and spending, pointing towards a possible great reset, and how deferring taxes could be your road to financial doom. Post World War II, the landscape of unions, benefits, and pensions drastically transformed, but did it serve or undermine the individual worker? Let's journey together through this significant period, shedding light on how governmental control and the taxation system have eroded individual autonomy. Discover how liberating decision-making from the clutches of the government can propel societal growth and well-being. Finally, let's delve into the work of Edward Deming on the 'constancy of purpose' and the adoption of a new philosophy. We'll stir your thought process by discussing the necessity of demolishing barriers, ousting fear, and nurturing a culture of innovation. We'll also touch upon Nash's 14 points of quality and his seven deadly sins. So gear up to seize control of your life, money, and future - the journey might be arduous, but the reward is an empowered life, filled with purpose and growth. In the end, the choice to shape your financial life is in your hands - will you emulate the successful few or follow the multitude? Listen in to find out how. Join us to get a fresh perspective on living with purpose and succeeding in improving the quality of your finances. Relinquishing ControlHow Do Taxes Work?Control Your Livelihood and PurposeLeadership and OwnershipLearn from OthersTake ActionLive on PurposeBook A Strategy Call Relinquishing Control [02:08] “[Nelson] says when government creates a problem—onerous taxation—and then turns around and creates an exception to the problem they created—tax shelter retirement plans—aren’t you just a little bit suspicious that you’re being manipulated?” This is the crux of the problem when the government asks you to relinquish control of your dollars to them. They make promises that it’ll be good for you, but it’s even better for them. One promise, for example, is that you get to defer taxes or take a tax credit. And while you get to do that now, that doesn’t exempt you from paying taxes later.  And the unfortunate truth is that not only are you paying taxes on the harvest (i.e. the larger sum), but taxes are also much likelier to increase over time than to decrease. In the end, you can’t guarantee future tax rates, but you can plan for them now. Wouldn’t you rather pay taxes now to be exempt later?  It’s important to stop and think WHY you’re being told to take certain actions and figure out who benefits most. This is especially true if you’re being asked to relinquish control of your dollars to someone else.  How Do Taxes Work? When we talk about taxes, it’s important to note exactly what that means. United States income taxes are marginal, which means that everybody’s dollars are taxed the same from the bottom up. So the first $11,000 of every person’s income is taxed at the same percentage. Then everyone’s dollars from $11,001 to $44,705 are taxed at the same percentage. So when we say that someone is in a 24% tax bracket, that doesn’t mean all of their income is being taxed at 24%. Their income is just high enough to have a portion of their income taxed at that percentage.  So, someone earning $95,376 might be in a 24% tax bracket, but only a single dollar of their income would be taxed at 24%.  This means that in determining taxes, not only do the brackets matter, but the size of the brackets matter. Your deductions also matter. If you’re able to itemize your deductions, you can see your tax bill fluctuate, regardless of your highest marginal tax rate. It’s entirely possible to be in a lower tax bracket and have a higher tax bill simply because you’re unable to deduct as much in a given year.  All of this is important to understand because it can help you make better long-term decisions. For starters, if you feel that taxes would stay the same, would you still want to put your dollars where you can’t control them, only to pay taxes later? And if you think they will continue to change over the years, do you think the trend will be up or down?  Or would you rather take control now by paying taxes now and keeping your dollars in your control with whole life insurance? Then, you can access your dollars any time in a tax-free way over your entire lifetime. Control Your Livelihood and Purpose In addition to whole life insurance, which can help you to control your income, you have to control your livelihood. This means finding a purpose in your work so that you can create capital, enough so that you don’t have to retire and depend on the invisible hand of the government. [31:09] “Nelson really drives home this idea that mankind needs to have a purpose in life.” In his research, Nelson found that many people pass on soon after they retire because they lose their sense of purpose. Purpose and fulfillment through service is integral to our being. Without that, our mental and physical faculties can quickly decline and we lose that spark.  If you study people with long lives, so many of them pass on “in the thick of it.” They’re still doing what they love, they’re experiencing life, and they have a purpose. They die doing what they love but at much more advanced ages.  If you find a sense of purpose, you control your own life and destiny. Retirement means giving up control of your life, your money, and your possibilities. By choosing to keep working and living with a sense of purpose, you can experience a much fuller life both now and later because you give yourself freedom of time and income.  Leadership and Ownership To find your purpose, recognize that leadership and ownership go hand in hand. If you can first lead yourself by thinking differently and questioning what you’re being told, you then assert ownership and responsibility for your thoughts.  Thinking for yourself and taking ownership of your thoughts and actions can lead you to your purpose and work that is fulfilling to you.  Learn from Others In addition to thinking for yourself, living on purpose requires that you keep learning. If you think you’ve learned everything there is to know, you’re going to miss out on tremendous personal and professional growth. Instead, forge connections with people you trust, and be willing to learn from these people. You can learn from others and still be an independent thinker. The two shouldn’t be contradictory at all. You must think for yourself to be a good student.  Take Action To live on purpose, you must take action. You can have theoretical knowledge, but until you apply it, you don’t have a complete understanding. For example, you can read about driving and understand it conceptually, but until you get behind the wheel, you don’t properly know how to drive.  To live your purpose, you have to try things, take action, and apply what you learn.  Live on Purpose [44:15] “It’s empowering to make those decisions. Will it be easy? No. Is it hard to take control of your own money and not do what everybody else is? Yes, it’s hard. Because now it’s up to you, it’s your responsibility. But [with] that ‘hard,’ at least you’re in control.” Life is hard no matter which path you choose. You have to pick your “hard.” But one path puts you in control, for better or worse. It’s up to you and what you want from your life.  Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Prepare to see retirement in a new light as we dissect the traditional financial paradigm and question the perceived desirability of retirement. We promise to challenge your current beliefs and open your eyes to the pitfalls of relying solely on government plans for a secure financial future, and why we call it the retirement trap. Join us as we scrutinize Nelson Nash's Infinite Banking Concept as we continue reviewing Becoming Your Own Banker, a game-changing perspective on personal finance control. https://www.youtube.com/watch?v=EeYJuNTZBuU We'll unpack Nash's audacious prediction - the demise of social security, and its potential propping up using reserves like private pension plans. Exploring the history and evolution of social security since 1935, we'll reveal how this system has been a crutch for failing social programs. Uncover the importance of being in charge of your own finances, countering the fear of running out of money.  Embrace a fresh perspective on retirement, replacing it with the concept of ownership. Listen in as we encourage continuous work and service to others, all while honing your skills. Learn how to break free from the government's influence on your income and escape the retirement trap it creates. We'll show you how to transform your life and business into something you love, by seizing control of your finances. Tune in, and let's together model successful people, reflecting on the difference between being controlled and being in control. Join us as we continue the series through Nelson Nash's work, Becoming Your Own Banker, to discuss the pitfalls of social security, pensions, retirement, and why you are better off without them. Rethinking Retirement as a Financial GoalWhat is the Retirement Trap?Government-Sponsored Retirement Traps AccountsHow Can You Avoid the Retirement Trap?The Value of OwnershipBook a Strategy Call Rethinking Retirement as a Financial Goal [06:50] “[Nelson] talks about how the American people are programmed both willingly and unwillingly.” What we mean by this is that we are constantly being bombarded with information, advertisements, and opinions that influence our worldview, both intentionally and unintentionally. We absorb so much about every conceivable topic, and the way most people view retirement is no different. Narratives are being fed to us about the “right” way to retire. The question is, are these ideas really helpful? And do they actually serve your personal goals for your money?  We want to urge you to rethink your worldview, even if your ultimate conclusion stays the same. Because without that examination, how can you know that you have all the information you need to make the best possible decision for you?  So today, we’re looking at the typical worldview of retirement, and asking the question: Is retirement what you should be striving for?  What is the Retirement Trap? Retirement, and the concept of Social Security, is a socialist idea. It requires you to give up some financial control now by paying into the system so that in the future the government can supply what you need. This is the very zoomed-out perspective of the situation, but it begs the question: How much can you rely on the government to take care of me, and why should you? The earliest and simplest form of retirement was created as a way to take care of people who lived well beyond the life expectancy of the time because people generally worked their entire lives. In essence, this system was only meant to take care of those outliers that lived beyond life expectancy and perhaps couldn’t work. Now, life expectancy far exceeds age 65 or 70, and it’s a system we still implement.  The problem is that when you relinquish control of your future earnings to the government, you have to trust them to provide. They’re in control, and your income is at their mercy unless you can otherwise supplement it. It’s not a reliable or sustainable way to live. [15:40] “Nobody takes care of your money the way you take care of your money. Now, a lot of people have good intentions, and in a capitalist society, you can get closer to taking care of people’s money better because you have an incentive… But when you don’t have a vested interest, like the United States government… they’re going to get paid their salary whether it works or not. Nobody’s held accountable.” This is why it’s critical to stay in control of as much of your own money as possible.  Government-Sponsored Retirement Traps Accounts Social Security income isn’t the government’s only way of controlling your money, however. People hand over control of their dollars every single day by contributing to their 401k or their IRAs, which offer incentives like tax deferral. However, that money gets locked away and is difficult to access until you reach the distribution age. Then, when you’re ready to take that money as income, you’re hit with the taxes. In the meantime, the government gets to enjoy control over those funds.  So who is actually benefitting from qualified plans like the 401k? While of course there’s some benefit to you now, your future self might not be as pleased with the results. [25:50] “It’s kind of like writing a blank check, in a way. You’re putting money in, hoping that it turns into something valuable for you. In the future, you’re going to have to pay taxes at an unknown rate, because we don’t know what tomorrow’s tax rate will be, and you don’t know what the growth pattern of your money is going to do along the way either. So you don’t know what ending balance you’re going to end up with.” With whole life insurance, you DO know what you’re going to end up with—your cash value is always creeping toward your death benefit (which is also rising, too). This makes your future highly certain and predictable, and you can always add to it if you’re seeking more.  How Can You Avoid the Retirement Trap? So what do you do if you don’t want to relinquish control of your money, and you don’t want to be dependent? First, you’ve got to establish what the purpose of your money is, and what you want from it. Do you want to have control over your own funds so that you can grow it and use it as you wish? Do you want to leave a legacy, or create generational wealth? Or do you just want to create as many opportunities for yourself and your family as possible?  If these are things that sound good to you, then you’ll want to consider an asset like whole life insurance that you can use over the course of your lifetime. It’s not just an asset you have to wait to enjoy—it can provide you with opportunities now, too.  And if you don’t want to be dependent on any institution, consider what retirement actually offers you. If you find work that you enjoy doing, why would you want to stop? If you’re enjoying the income you receive, why would you cut it off?  Some people cite “free time” as the reason they want to retire, without realizing that the proper wealth strategies now can help you take more “free time” throughout your entire life, not just when you’re 70. You can take vacations and travel and make memories with your family now, if you choose to create that path for yourself. And if that’s true, what reason is there to retire? You can have financial freedom, time freedom, and an enjoyable career over your lifetime without getting caught in the retirement trap if you wish.  It takes work, good habits, and dedication, but you can do it.  Ted Benna: Reflections from the “Father of the 401(k)” The Value of Ownership In addition to controlling your money, consider the value of “ownership” over your time. Most people want to disengage from the work that they do because they are simply trading time for money. If this doesn’t work for you, the alternative is ownership—creating value in the marketplace and serving the needs of others with a product.  Becoming an entrepreneur or a business owner puts you in a position to serve others and stop trading time for money. Instead, you create a product or service that people want and make it scalable. By doing this, you can increase your profits without increasing your time—whether this be through automation, hiring new team members, creating additional products, and more. With entrepreneurship, the sky is truly the limit.  [45:10] “If you feel like you’re just reading time for money, you are putting in the time, doing what someone else tells you to do, and taking home a paycheck, you’re not going to feel that sense of control. Unfortunately, many people don’t step outside of that paradigm to realize that… our system punishes the employee mindset. It tells us that that’s what we need to do, but then punishes that mindset and really rewards the business owner. So ownership is the paradigm or the path to being in a position of recognizing the value or the needs of other people.” Book a Strategy Call Would you like guidance for creating a meaningful and impactful family legacy? Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Change isn't easy. It's almost always more comfortable to stay the same than it is to do something new.   https://www.youtube.com/watch?v=ENHUPQ6oblQ What if the secret to financial freedom was already within your grasp, waiting for you to seize it? That's exactly what this episode of our podcast is about: the Infinite Banking Concept and the important role that desire and mindset play in it. We'll guide you on the journey to being your own banker, starting with battling negative thoughts and stepping into a positive mindset, as well as the 3 things you need to get started with Infinite Banking. We also share nuggets of wisdom from Nelson Nash on the importance of capitalizing on your system and the critical need to understand Infinite Banking fully.  Embrace Change3 Things You Need to Get Started with Infinite Banking1. Desire2. Patience3. EnvironmentBook A Strategy Call Embrace Change Change is difficult and uncomfortable, however, you must have the desire to change in order to prepare yourself for Infinite Banking. Otherwise, you cannot go through the paradigm shift necessary to benefit from IBC. It's a completely different way of thinking than most people have been taught, and that can bring up some uncomfortable thoughts. The power of stepping outside of your comfort zone is that the catalyst for this action is often discomfort, too. So when your current discomfort becomes more unbearable than going through change, you're ready to grow. There's almost nothing you can do but go "up," so to speak. No matter how you're feeling, remember that the discomfort is temporary, and it serves to move you to the next phase of your life. It moves you to seek comfort, and you'll find it. If you’re ready for this journey, there are three things that Nelson Nash shares in his book that are essential for you to implement in your life, or otherwise embrace, to begin using the Infinite Banking Concept.  3 Things You Need to Get Started with Infinite Banking 1. Desire To become a person who uses the Infinite Banking Concept, you have to have a strong desire. It's easy enough to say you want to use Infinite Banking. However, sometimes wanting to do something isn't enough. After all, there are dozens of other things you might want even more. And if your habits don't support your desire, it's going to be an even harder battle. Humans are complicated, and we have a lot of very human forces working against us. Parkinson’s law, for example, reflects our very human desire to spend the money that we have. Yet this law is the antithesis of Infinite Banking, which is about saving the money that we have in order to make better use of it later. Unfortunately, because most people are compelled to spend, they build habits that are hard to break. Your desire to implement IBC and use it to better your financial life has to be stronger than your human nature. It has to be stronger than your desire for other things. Each of us has to find our own compelling reasons to buy a life insurance policy—family, a dream career, security. Without those reasons guiding us, overcoming bad financial habits can be hard.  More than that, your desire can’t simply be to outrun your bad habits. Doing so starts your journey on a negative foot, and brings other baggage with it, like shame and fear. You have to find reasons to use IBC that are rooted in the positive impacts it can have on your life. Again, what's most important to you in this world, and how can IBC help you support and protect those desires? 2. Patience Once you’ve established a desire for growth that is stronger than your desire to stay where you’re at, you’ll need patience. Whole life insurance, the preferred vehicle for executing the concept of Infinite Banking, is a long-term product. You’ll be funding this policy, ideally, for as long as possible over the course of your life.  [29:57] “Without patience, you’re not going to stay committed to something that’s hard.” You have to be committed to the bigger picture, which sometimes looks like sacrifice, and other times is simply waiting. This is especially true of those early years when you’re in the capitalization phase. You might not do anything more exciting than paying your premiums for years, and that's okay. Remember that it’s all in service of your greater goals and desires for your money.  3. Environment [39:24] “It’s very difficult to make a change without changing something in your environment.” Maybe you’ve heard the general concept that you’re the sum of the people you spend the most time with. This is true about your financial environment too. If you surround yourself with people who are financially literate, curious, and like to stay up-to-date on the financial news, you’re going to be in good company. You won’t just find camaraderie that keeps you motivated, you’ll also learn and absorb new information all the time.  The environment you find yourself in is critical. Be especially cautious of communities that seem to have “arrival syndrome,” or have all the answers. The reality is, that even those of us with decades of industry experience are still learning and growing. If someone purports to have all the answers, especially about IBC, question that.  Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Infinite Banking gives you the advantages of cash value, dividends, and a death benefit that all grow over time, making a policy more and more attractive the longer you have it. And the methods to fund your policy are as unique as you are. Because you have a need to pay for things during your lifetime, the IBC capitalization of whole life insurance addresses this need head-on.   https://www.youtube.com/watch?v=kwWoL_l3x-s Rather than thinking of your life insurance and your large ticket purchases as two separate things, Infinite Banking demonstrates a system to do both. By financing large purchases like cars, equipment, and rental properties with your Infinite Banking policy, using it to control the banking function, you can add dollars into the policy that make it perform better over time. Unlock the secrets to controlling your own finances with an in-depth exploration of Nelson Nash's "Becoming Your Own Banker." Experience the power of capitalizing a policy that provides greater acceleration, increased cash value, and dividend returns, and learn how this process allows you to reap the benefits of the Infinite Banking Concept. We'll also tackle the human condition's impact on understanding and utilizing this concept, and how personal growth and mindset shifts are necessary to maximize these benefits. Discover how to finance equipment using infinite banking, focusing on maximizing your policy's value. Listen as we break down Nash's method: financing a policy for just four years, then using dividends and a slice of the death benefit to pay the base policy. We'll also delve into the potential of combining a policy with equipment financing, forming a powerful financial tool that helps you purchase assets without traditional financing. What If You Don’t Want to Capitalize As Long As Possible?Using Your Money After IBC CapitalizationCan You Pay Additional Interest?Book A Strategy Call What If You Don’t Want to Capitalize As Long As Possible? Last week, in our conversation on capitalization, we concluded that if you want the maximum amount of cash value growth, you’ve got to maximize your capitalization. That means paying all of your base premiums and all of your PUAs for as long as you possibly can. However, there may be reasons that you can’t do this, or don’t want to do this. After all, life happens unexpectedly, and sometimes we have to pivot our plans.  That’s why Nelson offers an alternate option in his book. What if you only maximized your capitalization for 4 years? Then, after that, you started to use the policy, and you found other ways to fund the premium? While his example may feel extreme, it highlights just how flexible whole life insurance can be—that even in four years, your policy can basically pay its own premiums.  He does this by surrendering the dividend and using it to fund the base premium only—no PUAs. However, in four years, the dividend isn’t quite high enough to do this fully, so he also surrenders some death benefit. This reduces his base premium, making it possible for the dividend to fully cover the base premium if he chooses.  Using Your Money After IBC Capitalization So let’s examine Nelson’s method in this chapter. After he pays premiums with the dividend, he recommends using the banking function. In other words, it’s time to finance a purchase. In his particular example, he has a little over $159,000 of cash value. And in order for the insurance company to make money off of that, they have to lend an equivalent sum to someone. So, of course, they’re going to lend it to you.  When the insurance company lends you money, they’re giving you their money, not yours. Instead, they put a lien against your cash value. That way, if you don’t pay, you can consume your cash value to reduce the loan (however, you don’t want to do this if your goal is to have a large pool of capital). What you want to do is diligently pay your loan back, at the very least, with interest-only payments.  Yes, this does mean that access to your capital has an interest cost. But here’s the thing, if you were to pay cash instead, you have an interest cost still—the cost of what that money could have earned over your lifetime. That’s the opportunity cost. And while it may not seem tangible, it is. By financing through your insurance policy, you get to earn interest at the same time. Not only that, but the interest you pay to the company strengthens the company’s profits, which eventually strengthens your dividend.  Can You Pay Additional Interest? If you’re not currently maximizing your premiums for whatever reason, Nelson recommends a different repayment strategy than the interest-only arrangement: paying additional interest. What does it mean to pay additional interest? Additional interest is only something you can contribute if you have not maximized your capitalization through PUAs. This is money over and beyond what you’ve chosen to pay for your amortization schedule and is thus able to be contributed as if it were a PUA. This can come in handy if you’re in a phase of your life when you can’t fully capitalize, and you’re only using the cash flow from your investments to repay your loan. If you have more cash flow, you can contribute those PUAs by paying more on your loan.  If you look at this example in Becoming Your Own Banker, you’ll see that Nelson pays $72,000 on his loan, even though that’s not what he borrowed—he borrowed $52,000. So he paid as much as he could on the loan, beyond even the interest charged. He could only do this because he was not paying PUAs.  [37:34] “Those extra payments are going to the policy in the form of PUAs, and so he’s putting more cost basis into the policy. He’s putting more capital in.” To be crystal clear, although Nelson is saying he’s paying “additional interest,” that’s how he’s conceptualizing it. No interest you pay on your policy loan goes to you, that interest goes to the company who lends you the money. What is really happening is that he’s paying additional premiums via the loan function.  So what happens if you have even more capital than you’re able to fit into one policy? That could be a great incentive to start another policy and begin growing even more safe liquid capital.  [49:30] “It’s not the fact that you can take more loans that makes the policy perform better in the future, it’s that you put more cost basis in–more premium dollars.” Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

In this episode, we discuss how our new book, "Seven Generations Legacy," serves as a guide to creating a lasting legacy for future generations. The discussion emphasized the significance of leaving behind more than just material wealth.  https://www.youtube.com/watch?v=lRTFIUmxw20 In the world of wealth management and estate planning, the term "legacy" is often used to refer to the financial inheritance we leave behind for our loved ones. However, legacy extends beyond monetary value and encompasses our values, traditions, and life lessons that are passed down to future generations.  (0:01:00) - Design a Multi-Generational Legacy (10 Minutes)(0:10:45) - Near-Death Experience and Reflection on Family (14 Minutes)(0:24:33) - Book Pre-Order Special Offers (11 Minutes)(0:35:18) - Seven Generations Legacy Planning and Meaningful Inheritance (13 Minutes)(0:48:40) - Passing on Generational Wealth and Legacy (15 Minutes)Book a Strategy Call (0:01:00) - Seven Generations Legacy: Design a Multi-Generational Legacy (10 Minutes) This segment explores the importance of legacy planning and creating a multi-generational legacy beyond just money. We discuss the questions and concerns many people have about what will happen to their children and their values after they pass away. Introducing our new book, "Seven Generations Legacy: Design a Multigenerational Legacy of More than Money" we explain how it can help readers create a lasting legacy for their families. Gain insight into the importance of legacy planning and how this book can guide you in creating a meaningful and impactful legacy for future generations. (0:10:45) - Near-Death Experience and Reflection on Family (14 Minutes) This segment explores the personal experience of the host, Rachel, who faced severe health complications after delivering her second daughter. Rachel shares her near-death experience and the miraculous recovery that followed, highlighting the emotions and realizations that came with this life-threatening event. The conversation delves into the understanding that life is a precious gift and emphasizes the significance of each individual's purpose within their family. (0:24:33) - Book Pre-Order Special Offers (11 Minutes) This segment explores the topic of legacy planning and how to leave a financial inheritance for your children without negatively impacting their character and stewardship. We discuss the power of money and how it can magnify one's soul, emphasizing that it is neither inherently good nor bad. Building strong relationships within the family, especially between spouses, is crucial for creating a cohesive and unified legacy. We also offer a special pre-order bonus for our listeners, including the audiobook and e-book, as well as tools for building resilient relationships and getting started with estate planning. Additionally, we reveal a special bonus on how to train children for financial stewardship. Overall, this chapter provides valuable insights and practical tools for creating a lasting legacy for your family. So, when you pre-order your copy (BY DECEMBER 9TH), just email a screenshot of your purchase to hello@themoneyadvantage.com, and we’ll send you your AUDIOBOOK + E-BOOK you can read right away, PLUS the Financial Literacy Lessons ABSOLUTELY FREE! https://www.amazon.com/Seven-Generations.../dp/B0CN1RX8H8 (0:35:18) - Seven Generations Legacy Planning and Meaningful Inheritance (13 Minutes) This chapter explores the main problem with typical legacy and estate planning, which often overlooks the deeper meaning behind the legacy. Instead of solely focusing on money and legal structures, we discuss the importance of considering the values and intentions behind leaving an inheritance. We also touch on the "shirt sleeves to shirt sleeves" proverb, which highlights the common downfall of generational wealth. To break this curse, we emphasize the need to develop not only financial capital, but also the family relationships and foundation that allow wealth to flow through generations. (0:48:40) - Passing on Generational Wealth and Legacy (15 Minutes) This chapter explores the topic of leaving a legacy for future generations, specifically through financial inheritance. We discuss the importance of not just passing down money, but also instilling values and skills in our children so that they can continue to pass down wealth to their own children. We also touch on the idea of thinking seven generations ahead, and how this can lead to better decision making and a stronger legacy. Additionally, we share our personal favorite section of the book, which includes writing love letters to our children and affirming them with our love. Overall, this chapter emphasizes the importance of intentional and long-term thinking when it comes to leaving a lasting legacy for our descendants. Book a Strategy Call Navigating the pitfalls of leaving an inheritance, complexities of wealth transfer, and family legacies can be challenging, but with the right approach and guidance, it is possible to create successful and prosperous families. By understanding the power of money, instilling the right values in the next generation, and adopting intentional and strategic planning, families can ensure a lasting and positive impact on future generations. Would you like guidance for creating a meaningful and impactful family legacy? Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? Start with my book, Seven Generations Legacy. It’s packed with actionable insights and strategies to help you build a strong foundation for your family’s future. Once you’ve explored the principles, let’s take the next step together. You can book a call with me at Seven Generations Legacy®, where we’ll work to create a personalized plan tailored to your family’s unique goals and vision. Let’s start building your legacy today!

Renowned expert Dr. Lee Hausner shares practical strategies for successful parenting in affluent families. She discusses the challenges of balancing comfort and long-term well-being, addressing discipline and social media impact, and the role of parenting in developing human capital. The podcast also explores the importance of wisdom in the trustee role and different types of capital, parenting for success and flourishing children, the significance of discipline and natural consequences, and strategies for dealing with entitlement.