BYOB Book Review Part 2 | The Role of Imagination in Becoming Your Own Banker by Nelson Nash

05/30/23 • 29 min

When you think of the most successful people you know, how many of them lack imagination? Probably none. It's because creativity is vital to success. If your job is to make money work so it creates cash flow to sustain the life you want for you and your family, how many ideas can you come up with?

The problem with most people is that they spend their days on autopilot. They have stopped dreaming and envisioning the future they want. It's time to rekindle your creativity. Imagine living the life you've always wanted and create a plan to get there.

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review with a topic about the role of imagination in Becoming Your Own Banker (BYOB).

This episode is Part 2 of an 18-Part Series.

Top 3 Things You’ll Learn:

Imagination is an integral part of success.
How to think about your thinking
Why some people have stopped imagining a better life

About R. Nelson Nash:

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom.

Becoming Your Own Banker by R. Nelson Nash:

https://www.wealthwithoutwallstreet.com/ibcbook

Brewster's Millions (Movie):

https://www.amazon.com/Brewsters-Millions-Richard-Pryor/dp/B000063UR3

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

https://www.wealthwithoutwallstreet.com/PIOS

Take the Financial Freedom Analyzer:

https://wealthwithoutwallstreet.com/quiz

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/passport

Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

—

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review with a topic about the role of imagination in Becoming Your Own Banker (BYOB).

This episode is Part 2 of an 18-Part Series.

Top 3 Things You’ll Learn:

Imagination is an integral part of success.
How to think about your thinking
Why some people have stopped imagining a better life

About R. Nelson Nash:

Becoming Your Own Banker by R. Nelson Nash:

https://www.wealthwithoutwallstreet.com/ibcbook

Brewster's Millions (Movie):

https://www.amazon.com/Brewsters-Millions-Richard-Pryor/dp/B000063UR3

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

https://www.wealthwithoutwallstreet.com/PIOS

Take the Financial Freedom Analyzer:

https://wealthwithoutwallstreet.com/quiz

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/passport

Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

—

Previous Episode

Our Passive Income Report - April 2023

With talks of inflation and concerns over the banking sector, many people are on the lookout for any edge they can get to ease their financial burdens. In times like these, isn't it nice to have passive income streams and steady cash flow?

In today's episode, Russ and Joey discuss their Passive Income Report for April 2023. Along with showing the numbers, they walk through the different investment opportunities they have ventured into to give you insights on where you can get the most return from your investments.

If you're looking for ways to create passive income streams, this episode will give you some ideas on what's working in the current economy.

April 2023 Income At-A-Glance:

Gross Income for April: $148,241.85

Total Expenses for April:$113,517.69

Total Net Profit for April: $45,724.16

Difference b/t March & April: ($5,969.46)

% of net profit to overall gross revenue: 31%

Bluefishing: The Art of Making Things Happen by Steve Sims:

https://www.amazon.com/Bluefishing-Art-Making-Things-Happen/dp/1501152513

Relax, Recharge, & Re-energize at Scrub Island Resort:

https://www.scrubisland.com/

The Art of Passive Income Podcast by Mark Podolsky:

https://podcasts.apple.com/us/podcast/the-art-of-passive-income/id1125069143

Subscribe to Our YouTube Channel:

https://www.youtube.com/@WealthWithoutWallStreet

Check Out Our Monthly Passive Income Reports:

https://www.wealthwithoutwallstreet.com/passive-income

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

https://www.wealthwithoutwallstreet.com/PIOS

Take the Financial Freedom Analyzer:

https://wealthwithoutwallstreet.com/quiz

Learn How to Invest in Real Estate with The Land Geek:

https://www.thelandgeek.com/

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/passport

Short-Term Rentals in Birmingham:

https://wakeupinbirmingham.com/

Short-Term Rental Course:

https://www.wealthwithoutwallstreet.com/strcourse

Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

—

Next Episode

How Deals Are Made in Self Storage With Scott Meyers

With any investment, there will always be some risk. But some investments are safer than others. Take the self-storage facility, for example. You may not have considered it as a potential investment opportunity, but self-storage is actually a wise and safe investment.

In today's episode, Russ and Joey chat with Scott Meyers, founder and CEO of Self Storage Profits, Inc., about the potential of self-storage as a pathway to financial freedom. They also discuss how deals are made in self-storage. So if you're looking for a place to make your money work, this episode might lead you down the right path.

Top 3 Things You’ll Learn:

Why investing in self-storage facilities is an excellent way to become financially free
Factors to consider when deciding to purchase a property to be used as a self-storage facility
What qualities to look for when hiring an operator or a manager for your facility

About Our Guest:

Scott Meyers is the founder and CEO of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. He has acquired, sold, developed, and converted over 40 facilities totaling over 25,000 units and over 4 million square feet of storage. Scott is also a Forbes Real Estate Council Member, speaker for ISS (Inside Self Storage), the SSA (National Self Storage Association), and the host of The Self Storage Podcast.

Connect with Scott Meyers: