BYOB Book Review Part 10 | Can I Put All of My Income Into an Infinite Banking Policy?

What does financial freedom look like for you and your family? What are you doing to achieve your goal? If you have started building your wealth creation system and want to know if you can put all your income into your Infinite Banking Policy, this episode will give you the answer. Listening to this episode will also challenge your thinking and show you endless possibilities if you are willing to learn.

In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today they talk about expanding your system to accommodate all income.

This episode is Part 10 of an 18-Part Series.

Top 3 Things You’ll Learn:
How to think differently and expand your system to accommodate all income.
The way you think pushes you to how you behave.
Our behavior is what ultimately impacts our future.

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.

Join the Inner Circle Live: August 25-27, 2023
https://go.wealthwithoutwallstreet.com/innercirclelive-2
Promo Code: PODCAST

Becoming Your Own Banker by R. Nelson Nash:
https://www.wealthwithoutwallstreet.com/ibcbook

The Infinite Banking Concept Explained by a CFP:
https://www.youtube.com/watch?v=sVuexMv6Kf4

IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:
https://www.youtube.com/watch?v=h4rugVZkajc

Play the Best Online Investing Game — CASHFLOW® Classic — to Begin Your Exit from the Rat Race:
https://www.richdad.com/products/cashflow-classic

Building Your Warehouse of Wealth by Nelson Nash:
https://infinitebanking.org/product/building-your-warehouse-of-wealth/

Join the Community:
https://www.wealthwithoutwallstreet.com/community

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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5:34 - What are our team members' visions, and how do they see our company helping them get there?
6:43 - What is the end? What is financial freedom? What does it really look like for me and my family?
10:00 - Doesn't all your money go to someone else's bank now? When you get your paycheck, what do you do with it?
10:42 - What are premiums?
10:54 - Do we realize that the banker is lending our money to someone else based on what we deposited?
11:09 - Is Nelson talking about gross income or net income when he's talking about income equals premium?
14:25 - How do you think the banks make a good living doing it?
17:00 - Whose money initiated the whole transaction?
18:28 - How can I ever get to the point where my income equals my premiums?
19:43 - How many times would people call you up and ask you what is the interest rate? How many times would you initiate phone calls with people to tell them that the interest rates were lower, which should make their decision-making easier?
20:06 - Why is it not about interest rates?
21:04 - Do you believe if you're in your 40s or 50s, you're now thinking about retirement?
21:43 - Are you saying the person listening to you is average?
23:06 - Could they then be creating a greater volume of interest?
23:50 - But why do we continue to behave this way?
25:11 - My expenses are too high. How will I ever get to where my income equals my premiums?
27:26 - What am I going to do for the first two years? How am I going to get there?
30:40 - How do you feel if you pass that paycheck thing several times and you haven't gotten closer to your number?
31:17 - How can I start to make my policies grow and get additional policies to expand my system so that they will equal income?
31:28 - What have we learned so far in our journey?
32:41 - What are some things you started doing?
34:36 - Why don't I give them the answer right away?
38:33 - What happens at that point?

🎧 Listen Now to the full episode of the podcast here 👉
https://www.wealthwithoutwallstreet.com/podcast/byob-book-review-part-10-can-i-put-all-of-my-income-into-an-infinite-banking-policy

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