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BYOB Book Review Part 2 | The Role of Imagination in Becoming Your Own Banker by Nelson Nash
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://go.oncehub.com/Intro15M?src=youtube
Turn Active Income Into Passive Income:
https://go.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
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2:32 - What is it that you want from your future? What are your goals? What do you want in life? Should you not be able just to spit those out?
2:44 - Why?
3:01 - Is it not that we're too busy just working, working, working?
3:32 - How many times have you sat in front of a TV and just zoned out?
3:51 - What does that cost us? When you're not thinking about what you really want, are you really going to get there?
4:21 - Where do you think imagination stops?
6:49 - When you ask 13-year-olds and college students questions, how eager are they to answer?
7:42 - How do you start thinking?
9:47 - If we really want to spend more time with our kids, if that's what we enjoy, shouldn't we be coming up with plans of action to get us more time instead of just going on autopilot and just doing the same thing every single day and not getting closer to our goals?
11:59 - If we don't imagine what we want in life, how will we ever accomplish it?
12:28 - If you had access to cash, what would you do with it? If it was your job to put money to work, if you were the bank, what would you do?
14:03 - Imagine you have this big pool of money, however big it is, and the only way you can sustain your life is from the fruit of what you used that money to do. What would you do?
16:17 - How can I get more of this money in a position where I can do more with it?
17:13 - How do we expand our system to accommodate all income?
20:52 - If we're not thinking about what we want in life, if we're not thinking about the financial goals we have, if we're not thinking about what our money should be doing, how successful can we really be? How much can our money be efficient for us?
21:36 - How many people sit in the stands and cheer for somebody else?
24:49 - What do you really want?
27:29 - Why would the government care about our thinking?
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🎧 Listen Now to the full episode of the podcast here 👉
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