In today's episode, Wade dives into the Infinite Banking Concept, exploring the intricacies and processes that often leave people puzzled. He emphasizes the importance of understanding the proper sequence in becoming your own banker and shares insights from his discussions with business coach Tammy Brennan. Wade explains why it's crucial to grasp the problem of not controlling the banking function in our lives and how identifying and addressing this issue can lead to financial freedom. Tune in to learn about the four-step process to take control of your financial future and the true power of becoming your own bank.
Episode Highlights
02:34 - Defining Infinite Banking.
05:52 - Importance of Process and Sequence.
10:04 - First Step in Infinite Banking: Understanding the Problem.
13:19 - The Role of Banks: Saver, Borrower, and Wealth Creator.
15:40 - Banking as a Verb, Not a Noun.
18:58 - The “Magic” of Banking: Why Banks Love Both Savers and Borrowers.
22:50 - Concept of Wealth Creation.
29:08 - Becoming Your Own Bank.
31:40 - The Legacy of a Wealth Creator.
34:52 - Practical Steps to Implement Infinite Banking.
Episode Resources