E138: Why People Who Keep Money in Motion Grow Wealth Faster

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:

https://livingwealth.com/e138

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/

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e138

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.

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/

Previous Episode

E137: Do You Need an Emergency Fund or is there Something Much Better?

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:

https://livingwealth.com/e137

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/

Next Episode

E139: How to Ensure Your Retirement Money Doesn't Run Out

In this episode, we discuss one of the most common questions that comes up as you plan for retirement, "How much money can I safely withdraw from my accounts without running out of money?"

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e139

Ensuring you have enough money to last you is probably one of the most critical questions to answer for people planning for retirement, especially if they've built up their assets in a more conventional way. In retirement, the greatest fear is that you will outlive your money and then be forced to live on the charity of family members or the government. We break down the options and answers today.

Topics Discussed:

How economic fluctuations and inflation can rob you of your future
Why the way traditional structured assets are not doing the best job for most people
Simplifying the math to see what the future really holds for your money
Understanding the doubling effect that takes hold and reduces your wealth when you move to a distribution phase
The risk of using volatile assets to fund your future
Why and how whole life policies are a non-volatile asset that only goes up with the right structure

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/