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/the-type-of-deal-dictates-the-type-of-money/ One of the best strategies that Jay uses when doing real estate deals is that he lets the type of deal dictates the type of money that he will use on a certain deal. He is not restricted to using private money only on all his transactions. He also utilizes hard money investors when needed. For more valuable information click on this link and watch the complete episode: https://youtu.be/-5dWNxAtiFE – “Going Where the Money is with Jay Conner & Mike Zlotnik ” Private Money Academy Conference: https://www.jayconner.com/learnrealestate/ Free Report: https://www.jayconner.com/MoneyReport Join the Private Money Academy: https://www.JayConner.com/trial/ Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book What is Private Money? Real Estate Investing with Jay Conner https://www.JayConner.com/Mo...
Private Money Academy Conference: https://www.JaysLiveEvent.com Free Report: https://www.jayconner.com/MoneyReport Watch the Full Interview at: https://youtu.be/DvzQu3sfXMs "Building Wealth Through Real Estate: Insider Perspectives with Chris Prefontaine & Jay Conner" Chris Prefontaine is a 3-time best-selling author of Real Estate on Your Terms, The New Rules of Real Estate Investing, and Moneeka Sawyer’s Real Estate Investing for Women. He’s also the Founder and CEO of SmartRealEstateCoach.com and host of the Smart Real Estate Coach Podcast. Chris has been in real estate for almost 30 years. His experience ranges from constructing new homes in the ‘90s and owning a Realty Executive Franchise to running his own investments (commercial & residential) and coaching clients throughout North America. Today, Chris runs his own buying and selling business with his family team, which purchases 2-5 properties monthly, so they’re in the trenches every single week. They...
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...
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