Talking about Become Your Own Banker and how it caught Richard’s attention.
You can and should be the banker in your life.
Everyone should be in two businesses – one where you earn your living and one that finances everything you do for a living.
Infinite Banking Concept: Accumulating a pile of capital in an efficient location that is constantly growing
Utilize contracts to build a reservoir of capital.
Life Insurance: Your Personal Monetary System
Cash Value Insurance: The massive untapped resource of private money
You can have more control over your money.
In this episode of Raising Private Money, we delve into the fascinating topic of the Infinite Banking Concept.
Richard Canfield joins Jay Conner and together they explore how this concept can fund your real estate deals and provide unparalleled control over your money.
Richard also shares his experience of filming a documentary capturing Nelson's knowledge and stories, now available at https://www.NelsonNashFilm.com.
The importance of control in the infinite banking space is emphasized. The concept allows individuals to amplify their control over money and pass on a legacy to their families.
They also discuss the untapped potential resource of private money available through cash value insurance. Jay and Richard explain how individuals working with real estate deals can tap into this resource by asking if people have cash value insurance they would like to put to work for more profits.
A concept called infinite leverage is introduced. Jay and Richard explain how they can borrow against their whole life insurance contract and loan that money to someone else, earning interest on the loaned money.
They emphasize that they are using the insurance company's money and pocketing the spread, resulting in an infinite rate of return. Jay and Richard discuss how owning a whole life insurance policy allows someone to co-own the insurance company and access its capital.
As participating owners, the insurance company must grow profits for the policy owner and share dividends. Reinvesting the dividend increases the tax-free death benefit, leading to more cash accumulation.
The power of controlling and managing your own reservoir of cash value potential is highlighted, enabling unrestricted access to equity for various purposes.
The episode concludes with the belief that everyone should be in two businesses: the one they earn their living from, and the one that finances everything they do for a living.
The importance of being your own banker and controlling your own banking function is reiterated.
Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his own money or credit.
What is Real Estate Investing? Live Private Money Academy Conference
https://www.jayconner.com/wholesaling-vs-wholetaling-in-real-estate-brett-snodgrass-jay-conner/ Jay Conner and his guest Brett Snodgrass go deep-dive into the difference between Wholesaling vs. Wholetaling. Watch this short video now to learn more. Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, wholetailing, creative financing, and scaling a business from a one-man-band to an amazing full team running 100s of deals per year. Brett’s amazing team buys and sells 300+ properties per year and builds passive streams of income by creating 50+ creative financing deals per year. In a five-year timespan, Brett has gone from a one-person team to a full-time staff of 10+ team members and has tripled his deal flow. For more valuable information click on this link and watch the complete episode: https://youtu.be/nGLOKBWxC18 – “Finding Purpose And Success with Brett Snodgrass & Jay Conner” Priva...
Private Money Academy Conference: https://www.JaysLiveEvent.com Free Report: https://www.jayconner.com/MoneyReport Watch the Full Interview at: https://youtu.be/zbMYL2IKmRE "Exploring Alternatives to Traditional Banking: Infinite Banking Insights with Jim Oliver and Jay Conner" Jim Oliver is a renowned expert in the field of the Infinite Banking Concept (IBC). He has dedicated his career to helping individuals and businesses break free from unnecessary taxes and interest expenses. Jim's passion for wealth and financial freedom started at a young age when he grew up in the foster system in inner-city Los Angeles. Despite the challenges he faced, this experience instilled in him a deep appreciation for money and a strong desire to learn how to acquire and retain it. At the age of 13, Jim worked at a casket factory, where he was inspired by the owner's success and lifestyle. This motivated him to discover the secrets to financial success that were unknown to him and hi...
Private Money Academy Conference: https://www.JaysLiveEvent.com Free Report: https://www.jayconner.com/MoneyReport ***Guest Appearance Credits to: https://www.youtube.com/@SouthsideUnicorn “A Chat with Jay CONNER - The Private Money Lender” https://www.youtube.com/watch?v=3WwZ1RptwQc Welcome to an eye-opening episode of the Raising Private Money podcast, featuring none other than the Private Money Authority, Jay Conner! If you’ve ever wondered how to raise and leverage private money to build real estate wealth—without relying on traditional banks or mortgage companies—this is the episode you can't afford to miss. Ken White dives deep with Jay Conner, exploring the ins and outs of private money lending, how it's changing the game for investors, and why everyday people—retired teachers, law enforcement, military personnel—are increasingly joining the ranks of private lenders. Jay breaks down the mechanics of private money, debunks myths around "hard money" l...
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