In this episode Mike and Chris dive into Willie Sutton’s Law. Nelson had a lot of well thought out opinions on things. So why does he follow up the Human Problems with a chapter about a notorious bank robber? Well, I will steal from Nelson (via Willie), “Wherever wealth is accumulated someone will try to steal it.” Watch, listen and enjoy this first episode of 2021!
The first chapter of Section 2 is the Human Problems… Gulp. Nelson knew it was important to tackle this topic first, because we all struggle with these issues. The whole chapter is one page, but it’s a packed one page! Take a listen to how Mike and Chris dissect the human problems and even give examples of their own personal struggles.
We are officially buttoning up Part 1 of Nelson’s Becoming Your Own Banker book review after thirteen AWESOME episodes… whew!! We’re having so much fun taking this deep dive into each chapter of this life changing book.
In this episode, Mike and Chris go through the review on page 27 (5th edition) and start with a quote. “The importance of imagination -it is more important than knowledge.” This perfectly captures the simplicity and overwhelming value of how Nelson chose to write this book. Setting the stage early with real stories about how he himself ‘fell’ into Infinite Banking. As we continue through this adventure, our imagination will be of upmost importance. Our Infinite Banking voyage will be marred with us fighting not to fall back into the rut of our ‘old’ way of thinking.
Part 4 of this chapter, Creating Your Own Banking System, is amazing. There is so much crammed into this episode you may have to listen twice. So, sit back and enjoy as Mike and Chris dig deeper into the nitty gritty of life insurance, the need for protection and the idea of being insurance poor. This truly captures the brilliance of Nelson Nash and the Infinite Banking Concept!
In part three of this ultra packed chapter, Mike and Chris dive into the way insurance actuaries “overbuild” policies. They also discuss dividends. What are they? How do they work? And are they helpful when considering Infinite Banking?
In part two of Creating Your Own Banking System, we continue unpacking this dense chapter and helping you get the most out of all that Nelson is trying to teach us!
In this episode we begin discussing a very packed chapter of Nelson’s Becoming Your Own Banker… How to actually create your own banking system. This first part we touch on the idea that you finance everything you buy. Listen to what Nelson was getting at.
In this episode Mike and Chris unpack Nelson’s chapter on creating a bank like the ones we already know. What does that even mean? How can we create a bank like the ones on the street corners? Take a listen and find out. It may just surprise you to find out how simple the process can be!
In this podcast Mike and Chris discuss the problem from Nelson’s Becoming Your Own Banker. This can be a pivotal moment in the understanding of Infinite Banking. We all struggle with ‘the problem’, but as Mike and Nelson have said, “Do you want to get better?” Take a deep dive, we think you’ll enjoy it!