Dollars and Nonsense
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E137: Do You Need an Emergency Fund or is there Something Much Better?
Dollars and Nonsense
02/07/22 • 20 min
In this episode, we discussed the question, "do I really need an emergency fund?" Not only do we get questions on this topic, but we also find out that there are still some misconceptions having to do with this ingrained bank account mentality in all of us. So we dive into emergency funds and ways that money might actually be put to more productive and protective uses.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- What does an emergency fund really cost?
- How many months worth of expenses should an emergency fund cover?
- Is a bank really the best place to hold your fund?
- The most expensive money in a bank
- How to use Whole Life instead of a bank
- Illustrating the gains from using IBC for emergencies
- Why policy payments are really deposits in your own bank
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
02/07/22 • 20 min
E136: Why People Easily Confuse IBC for a Get Out of Debt Hack
Dollars and Nonsense
01/17/22 • 16 min
In this episode, we discuss how infinite banking is not a get out of debt system and why that thinking easily confuses both the novice and the experienced infinite banker.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- Is debt elimination the real point of the Infinite Banking Concept?
- How it is fundamentally a banking system
- Being a customer of a bank vs. being your own bank advantages
- The counter-intuitive what of making a profit off of expenses
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
01/17/22 • 16 min
E135: Advanced Life Insurance Strategies of the Wealthy You Can Use Today
Dollars and Nonsense
01/03/22 • 27 min
In this episode, we discussed the advanced life insurance strategies that the wealthy have been using for years. Whole life insurance is one of the most commonly used assets for high net worth individuals, from executive-level compensation packages to transferring large estates. We wrap up by discussing how the infinite banking concept is the one strategy that can be utilized by anyone, regardless of their economic position.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- Uncovering how high network individuals use IBC
- The strategy Jim Harbaugh, coach of the University of Michigan
- Why the death benefit is the least interest aspect of a whole life insurance policy
- What is premium financing and how does it work
- How to use irrevocable life insurance trusts to beat the death tax
- Why Walmart was taking out COLI policies on all their employees
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
01/03/22 • 27 min
E134: Is an Investment Rate of Return Bias Leading You Astray Here?
Dollars and Nonsense
12/20/21 • 24 min
In this episode, we discuss how focusing on the rate of return can be very misleading. We'll also share how using the infinite banking process can help you make more money on every investment opportunity that comes your way.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- What rate of return is often abused by people offering investments
- How rate of return can be helpful and sometimes deceptive
- Games played with the average rate of return that can trick you
- Factoring risk into the equation
- How IBC is a banking strategy and why it is not an investment
- Understanding the real goal of the infinite banking concept
- The ways IBC differs from investment opportunities
- How infinite banking can enhance rate of return
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
12/20/21 • 24 min
E133: Think You're Not Financing When You Pay with Cash? Think Again
Dollars and Nonsense
12/06/21 • 25 min
In this episode, we discuss the economic fact that you finance everything you buy, even when you pay cash. We also demonstrate how you can profit from everything you purchase using the same strategy and tools of some of the wealthiest people in recent history.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- A fundamental tenant and Infinite Banking
- Unpacking Nelson Nash's work
- Why everything we purchase is actually financed
- Building capital vs. capital expenditures
- Understanding opportunity costs
- How and why IBC policies facilitate becoming your own banking
- The interest cost to every decision that you make
- How compounding interest in policies outpaces loan interest rates against policies
- Why compounding assets always win
- Why Mark Zuckerberg borrowed money to buy his house when he's got billions
- Leveraging money so it can continue to compound in a tax-free environment
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
12/06/21 • 25 min
E132: How Dividend-Paying Whole Life Grow and Allow for Being Your Own Banker
Dollars and Nonsense
11/22/21 • 31 min
In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you
- Why no other financial product affords you the ability to be your own banker
- Modified Endowment Contracts
- Context from the history of whole life insurance policy regulation
- The folklore of a guaranteed 4% and what it really means
- How to think about the death benefit vs. the living benefit of policies
- Understanding guaranteed cash values
- Comparisons of IBC against other financial products
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
11/22/21 • 31 min
E131: New IRS Rules Impacting IBC and How to Best Navigate Them
Dollars and Nonsense
11/08/21 • 25 min
This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- Basics of IRS code as it relates to whole life insurance
- The goal of IBC
- Using is life insurance policies with mutual paying companies
- A brief history of life insurance
- The impact of Section 7702 of the Internal Revenue Code
- Understanding the modified endowment contract (i.e., MEC)
- What happened with a base guaranteed interest rate of 4%
- Cash values vs. death benefits
- The "big change is coming," marketing tactic tickling some ears
- Increasing the flexibility and consumer-friendly nature
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
11/08/21 • 25 min
E130: How to Decide What's Best: Pay with Cash OR Use IBC Policy
Dollars and Nonsense
10/26/21 • 27 min
In this episode, we discuss one of the most commonly asked infinite banking questions. When should I use my policy to pay for something, and when should I use cash?
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- Should I borrow from my whole life insurance policy or use cash?
- Can I borrow from my whole life insurance policy?
- What it means to become your own banking and why it matters
- Understanding the two basic ways you pay for something
- The fundamental problem Infinite Banking attempts to solve
- The real costs of paying cash
- Is cash really king?
- How money in motion makes more money
- Why compound interest is like magic
- Example expenses you never thought you could use policy to pay for, but can
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
10/26/21 • 27 min
E129: What Happens When You Cannot Pay Your IBC Whole Life Premium
Dollars and Nonsense
10/11/21 • 21 min
One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
Topics Discussed:
- How long do you normally want to be putting money into premium?
- What is the least timeframe to see dividends and benefit from compounding interest?
- How to understand when something is not a true liability or money loss from payment
- Why your money should always be in motion rather than stagnant
- When to use an automatic premium loan
- Can an IBC Policy pay for itself?
- How long do we typically pay a premium?
- How should we consider premiums?
- What are the options if I do need the policy to pay for itself?
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
10/11/21 • 21 min
E138: Why People Who Keep Money in Motion Grow Wealth Faster
Dollars and Nonsense
02/21/22 • 23 min
In this episode, we discussed how keeping money in motion is better to build wealth than the conventional wisdom that focuses on storing money up in accounts for decades without ever getting your hands on it.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
Today, we're going to talk about the concept that motion is a crucial way to build wealth. This model of growing your money is a little different from what we've all been taught.
For those of you who are new to IBC, you can probably tell many things we suggest and do are different from conventional advice. To that point, one of the biggest things is the difference between people who let money lay dormant and people who keep their money in motion. People practicing IBC put their money to work for them, while folks operating under conventional thinking let their money be lazy.
Topics Discussed:
- What keeping money moving means
- Why and how static money storage robs you of wealth
- How motion means more than policy loans
- What this means for retirement accounts and cashflow
- What it means to really put your money to work or even do multiple jobs
- Lesson's from Robert Kiyosaki's book titled Rich Dad Poor Dad about money
- Understanding what banks have known for hundreds of years about money in motion
- What it means to be your own banker
Episode Resources:
Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
02/21/22 • 23 min
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FAQ
How many episodes does Dollars and Nonsense have?
Dollars and Nonsense currently has 211 episodes available.
What topics does Dollars and Nonsense cover?
The podcast is about Investing, Podcasts and Business.
What is the most popular episode on Dollars and Nonsense?
The episode title 'E137: Do You Need an Emergency Fund or is there Something Much Better?' is the most popular.
What is the average episode length on Dollars and Nonsense?
The average episode length on Dollars and Nonsense is 26 minutes.
How often are episodes of Dollars and Nonsense released?
Episodes of Dollars and Nonsense are typically released every 14 days.
When was the first episode of Dollars and Nonsense?
The first episode of Dollars and Nonsense was released on Oct 28, 2016.
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