Shows
The Land of PossibilitiesTombstone ExerciseDive into the certainties of life with Colton & Joel McGriff as they bring a fresh perspective to life insurance and financial planning. Discover how understanding life's guarantees can shape a secure future. Tune in for insights that go beyond the norm. Worth every minute! Highlights: Discussing the inevitability of death and its impact on life and faith. Guarantee as a "dirty word" in financial industries contrasted with life insurance certainty. Personal anecdote of attending a church retreat and a baptism, tying into themes of life and community. Reflecting on mortality while walking in a cemetery, connecting...2024-05-0812 min
The Land of PossibilitiesVeterinarian VisitEver wondered why someone might travel 4 hours to a vet? In this heartfelt episode of 'The Land of Possibilities,' Joel McGriff shares his journey with his elderly dog and the exceptional care they received from a holistic vet. A tale of love, health, and going the extra mile—literally. Tune in to discover how thorough care can make all the difference, both for pets and financial planning. Highlights: Driving hours for a holistic vet's care. Seeking a vet who provides thorough attention and care. Relating veterinary care to financial planning philosophy. The importance of addressing th...2024-05-0114 min
The Land of PossibilitiesCurrent Economic Outlook From Austrian PerspectiveColton and Joel McGriff explore financial uncertainties in the market, particularly the implications of the Austrian business cycle theory. They caution that the Federal Reserve may be overusing expansionary monetary policy, potentially leading to a market crash. They critique the common tendency to resort to fear-driven financial strategies, which can limit investment opportunities and incur surrender charges. Instead, they propose the infinite banking concept as a solution to maintain control over personal finances and yield potential opportunities despite economic downturns. Their skepticism extends to the efficacy of the Federal Reserve's current policies, fearing an overextension leading to a financial...2024-03-2721 min
The Land of PossibilitiesStop Budgeting, Start LivingColton and Joel McGriff discuss Parkinson's Law in relation to financial management, explaining that income can often increase alongside expenses. They relate financial decisions to opportunity cost, using Colton's personal situation of selling a car to afford a new bike as an example. Additionally, they discuss the practice of tithing as a means to promote abundance rather than scarcity. The hosts urge listeners to apply these principles to their own lives and look forward to future episodes. Highlights: The impact of targeted advertising on spending habits and Parkinson's Law Colton’s personal example of trying to ac...2024-02-0621 min
The Land of PossibilitiesVegan HunterColton McGriff and his father, Joel McGriff, discuss their approach to challenging assumptions in different areas of life and finance. They do not believe in strict adherence to established norms, whether it's diet or financial decisions; they prefer a plant-based diet but are not strictly vegan, and instead of traditional forms of savings like 401ks and 403Bs, they use a whole life insurance policy for financial stability. Their strategy is always being open and curious, exploring different beliefs and practices, and aligning choices with personal values. Joel emphasizes a philosophical approach to finances by focusing on desired outcomes and...2024-01-1623 min
The Land of PossibilitiesUsing Data vs Data Using YouColton McGriff and his father, Joel McGriff, emphasize the value of proactive decision-making in personal finance and health. They highlight personal responsibility over relying solely on advisors. They also promote analyzing personal data to guide decisions, viewing capital as a positive energy source impacted by each decision. Speaking from personal experiences, they apply this approach to manage health risks as well. Highlights: Colton stresses the importance of active pursuit of opportunities coupled with capital His personal learning journey in real estate and the importance of seeking out and preparing for opportunities The role of d...2023-10-3122 min
The Land of PossibilitiesSimplicity in TravelColton McGriff and his father, Joel McGriff, discuss the differences in travel styles among family members and correlate these variances to how people approach financial planning. They refer to the contrast between being detail-oriented planners and being spontaneous decision-makers. The podcast then delves into the concept of ‘Infinite Banking’, a financial strategy involving whole life insurance policies. They link the detailed planning method to those individuals who want to know precisely how their savings are growing at each life stage. Highlights: The differences and similarities between stress-free trips from trip preparation to pre-planning Detailed planned trips...2023-10-0215 min
The Land of PossibilitiesDaily ImprovementsColton McGriff discusses his recent fitness journey, motivated by a challenge set by his MS specialist. Colton was warned that without the recommended pharmaceutical treatment, he would be in a wheelchair within ten years. However, in defiance of this prognosis, Colton decided to set a goal to run a 100-mile ultramarathon within that time frame. Through consistent training, Colton has seen significant improvements in his health and physical fitness. The key to his success, he suggests, has been a strict discipline to his training routine, not allowing for any slip-ups or excuses. The discussion leads to a philosophical conversation...2023-09-2517 min
The Land of PossibilitiesLessons from CopperheadsColton McGriff and his father, Joel McGriff, discuss a shift in their podcast's content. They recognize the importance of sharing more personal stories, moving away from primarily discussing the concept of 'Infinite Banking'. Colton and Joel use the analogy of a peanut butter and jelly sandwich to illustrate their content plan, with Infinite Banking being the 'peanut butter', or the core topic, and the 'jelly', or personal stories, adding balance to the conversation. Highlights: The peanut butter and jelly sandwich analogy representing the infinite banking Copperhead snakes in Alabama Professional snake relocator becomes a me...2023-09-1817 min
The Land of PossibilitiesStart With the End in MindThis podcast episode features Colton McGriff and his father, Joel McGriff. They discuss the importance of the concept 'Begin With the End in Mind', a phrase borrowed from author Stephen Covey. Originally applied to estate planning, the philosophy is applicable across many aspects of life and emphasizes the importance of premeditation. Joel explains how starting to think about estate planning made the phrase more significant to him as he grew older. His journey in understanding its essence involved a retreat where he was taught through Covey's seven steps and led to various introspections. Highlights: Es...2023-08-2320 min
The Land of PossibilitiesInvestment Thesis Paired with IBC - Episode 101This podcast episode features Colton McGriff and his father, Joel McGriff, discussing investments, economies, and how the Infinite Banking Concept (IBC) affects their monetary decisions. The duo uses their experience in discussing real-estate investments, specifically during and after the 2007-2008 financial crash. Highlights: How investment strategies have changed over time The impact of timing on investment decisions The difficulty in predicting when the best time to sell or buy is Danger of blindly believing advice from realtors or other figures who would likely advocate for their own interests The concept of 'guaranteeing a future ev...2023-08-0320 min
The Land of PossibilitiesBYOB Book Review Part 12The father and son duo of Joel and Colton McGriff is back with their review of the book, Becoming Your Own Banker, discussing the cost of acquisition in the fifth edition of the book. Together, they share the importance of the cost of acquisition and why it is essential to understand and consider the topic. Joel and Colton also talk about the concept of infinite banking and the need to be in control of one’s own money and financing. Highlights: Exploring the cost of acquisition in the book, Becoming Your Own Banker What...2023-02-1316 min
The Land of Possibilities2023 ForecastIt’s a brand new year! What’s your goal for 2023? Have you started hitting your New Year’s Resolution already? In this episode of The Land Of Possibilities, Joel and Colton McGriff discuss how to think bigger and push beyond your limits. They talked about how it is possible to break through mental barriers and use challenges as advantages. Joel and Colton also narrow down the importance of getting out of our own comfort zone and pushing ourselves to reach our goals. Highlights: The newest addition to the McGriff family...2023-01-2519 min
The Land of PossibilitiesThe Benefits of a Multi-Generational Approach to Tax PlanningWhen is the best time to start planning and preparing for taxes? Is it better to start planning early or should you wait until you get a heads-up from your accountant or financial advisor? For today’s episode, Joel and Colton McGriff discuss the best time to start planning and prepping for your taxes in the future year. They talk about the importance of the multi-generational aspect of taxes and how it can change the way different people in different life stages address situations. They also share some basic tax strategies that they have each used or th...2022-11-3015 min
The Land of PossibilitiesShould I Pay Off My Mortgage Early?If you're like most people, you probably have a mortgage. And if you're like most people, you probably hate your mortgage. But the big question is: should you pay it off early? It's a tough question to answer, and there are pros and cons to both sides. Paying off your mortgage early means that you'll be debt-free sooner. On the other hand, it also means that you'll have less money to invest. For today’s episode, Joel and Colton McGriff discuss the benefits of paying off your mortgage early. They also talk about the reasons wh...2022-09-2718 min
The Land of PossibilitiesPolicy LoansThere are several reasons why someone might want to take out a policy loan. Maybe you have an unexpected medical expense or need to make a large purchase and don't have the cash on hand. Whatever the reason, a policy loan can give you access to the money you need without having to go through a traditional bank or lender. For today’s episode, Joel and Colton McGriff talk about the deeper connection between policy loans and the banking process. They discuss how you can start shifting your mind in viewing a policy loan in a non-negative wa...2022-09-2011 min
The Land of PossibilitiesIs Real Estate CrashingAs the federal reserve is printing more money and other countries are struggling with their own economic issues, what does this mean for real estate? Some experts believe that we could see a sharp decrease in prices, as people scramble to unload assets. Others believe that now is actually a good time to buy real estate, as prices may not fall as much as some expect. For today’s episode, Joel and Colton McGriff discuss the trends in buying real estate. They point out the different variables to consider before deploying any capital. Additionally, Joel and Colton ta...2022-09-0618 min
The Land of PossibilitiesIBC Special Guest with Leigh Anne McGriffToday’s episode is very special as Colton is joined by his wife, Leigh Anne McGriff. Together, they recall what lessons Colton tried to teach Leigh Anne and how she learned more about IBC and the practice. Leigh Anne shares how, at one point in her life, thought about borrowing money as a bad habit, and why a lot of people are also thinking the same. Highlights: What it really looks like: How Leigh Anne learned more about IBC What lessons Colton tried to teach Leigh Anne What are the other ways that your money ca...2022-08-3018 min
The Land of Possibilities401k, a Government Sponsored ProgramWhen it comes to your 401k plan, there are a few common questions you should ask yourself. How much risk are you willing to take? What are your investment goals? And how long do you plan on working? But is it really a requirement? For today’s episode, Joel and Colton McGriff focus on the 401k plan: What are the common questions you should ask yourself when it comes to these investments, how they started, and why you should pay for them? They also argue whether it is a requirement or a choice. Joel shared th...2022-08-2220 min
The Land of PossibilitiesBYOB Book Review Part 11 - The Retirement TrapIn this episode, Joel and Colton McGriff dive into The Retirement Trap, which is mentioned on pages 66 and 67 of the Becoming your own banker book by Nelson Nash. Joel and Colton explain the content inside those pages and give you their valuable point of view. Highlights: What’s the first thing that comes to your mind when you hear The retirement trap What Nelson talks about The retirement trap When Nelson talked about social security The 401k system How we handle retirement Resources and Links: https://www.themcgriffalliance.com colton@tmafamily.com ki...2022-08-1517 min
The Land of PossibilitiesGenerational IBC PracticeAre we really in a recession? Should people start worrying about what’s happening in society right now? Colton and Joel McGriff continue with their discussion of the topics of IBC and the generational IB Practice. They argue whether we are in a recession right now and if people should start worrying about the days to come. They also share the biggest things they are seeing in the market right now and what connection it has with insurances, policies, and managing your financial capabilities. Colton and Joel discuss how the banks operate and how you can implement th...2022-08-0818 min
The Land of PossibilitiesIBC to Eliminate DebtIf you are in debt, should you still continue investing and putting your money into life insurance? Colton and Joel McGriff continue with their discussion of the topics of IBC, infinite banking, and the teachings of R. Nelson Nash. Together, they talk about how the book and the author argue why you should start getting out of debt now. They also share their stand on the limit of your financial capabilities, especially if you have other money obligations. Colton and Joel discuss how insurance can help resolve your issues with your finances, but the biggest step should...2022-08-0115 min
The Land of PossibilitiesWhat Is IBC? - Part 2Is it easy, even for beginners, to start practicing the concept of infinite banking? Continuing with their discussion from the previous episode, Colton and Joel carry on the topics of IBC and infinite banking. They talk about how and why inflation happens and who can fix it. Colton and Joel also share how insurance can help solve the problem of inflation, as well as the reason why big names in the financial and business worlds want to have their own insurance companies. Highlights: What concept of IBC is What happens when you stop...2022-05-2517 min
The Land of PossibilitiesWhat is IBC?As more and more people are getting familiar with the concept of infinite banking, it is important to know the basics. To give the listeners a glimpse behind the concept, Colton and Joel McGriff introduce what infinite banking really is. They talk about how they began with the practice, as well as how beginners should get started with it, by learning from their experiences. Colton and Joel also share the common practices and the tool of infinite banking that can help you become your own bank. Highlights: What excites Joel in traveling in...2022-05-1618 min
The Land of PossibilitiesBYOB Book Review Part 10Are you already out of your comfort zone? Or are you letting fear take over all the time? Colton and Joel McGriff continue to the tenth part of talking about the book: Becoming Your Own Banker. Together, they talk about how the book and the author stand the test of time by teaching applicable stories of the market flow. How do we become bankers that understand what's going on behind the curtains? To become one, you must spend your time wisely and know your why in the business. Highlights: Stretching imaginations...2022-04-1518 min
The Land of PossibilitiesBYOB Book Review Part 9What factors influence your purchase decisions? Is your spending behavior different when it comes to buying your daily needs versus your insurance, your house, and other properties? Colton and Joel McGriff continue to the ninth part of talking about the book: Becoming Your Own Banker. Together, they talk about how most people usually decide on making their purchases. They also discuss the differences between leasing, banking, and CD methods. Colton and Joel also mentioned their favorite parts and quotes from the book. Should you take the risk to get a better return? It’s up to...2022-04-0819 min
The Land of PossibilitiesFact or Crap: InflationDo you believe that your reality is the truth? Are you sure you have the proper perspective on the current happenings? In this episode, Colton and Joel McGriff play a fact or crap game to pick up where they left off in their last episodes about inflation. They will try to tell whether the media releases facts or crap statements regarding inflation. Topics regarding the conflict between Russia and Ukraine and its economic implications are also part of their discussion. Inflation, in our perspective, is negatively affecting lives. Yet, little did we know that our...2022-03-2517 min
The Land of PossibilitiesInflation Part 2: HistoryWhat’s the situation of inflation like in the past? Did the government show support to its people? This episode is like a blast from the past as Colton and Joel McGriff talk about Joel’s experience with inflation back in the day. He narrates the situation of how it is like living in the past where the money’s value is really low, no matter which part of the world you are in. Joel also mentions how the government dealt with inflation. This episode also clarifies the infinite banking system and the importance of understanding the issue...2022-03-1818 min
The Land of PossibilitiesInflationAs inflation rises, the value of money diminishes quickly. You would need to pay more for the goods and services you’re getting. But how does inflation affect you? In this solo episode, Colton talks about a very important topic: Inflation. He discusses the meaning and the concept behind the topic and why it happens. He also shares how the Austrian economic thinkers treat inflation, banking, and insurance. This episode addresses the importance of pre-planning and why we should follow the examples set by the Austrians. Highlights: The main topic of today’s epis...2022-03-0417 min
The Land of PossibilitiesBYOB Book Review Part 8A lot of people have been misinformed about insurance. Before buying one, it is vital to understand its value and purpose. Colton and Joel McGriff proceed to part eight of Becoming Your Own Banker. They discuss the overview of how insurance works. Many people have been told that an insurance policy is a must-have. To increase the demand, the industry and some financial advisors flood countless bits of misleading information. This episode addresses the wrong notions about insurance, the different types of insurance policies, and the process of building a solid banking system. Highlights:2022-01-3121 min
The Land of PossibilitiesBYOB Book Review Part 7Have you ever wondered why your expenses increase directly proportional to your income? This dilemma is just at the tip of the iceberg of the plethora of existing human problems. Colton and Joel McGriff proceed to part seven of Becoming Your Own Banker. They discuss why it is essential to outline human problems first before delving into the next step. Failing to address human issues early will make the rest of the plan lose its essence. This episode dissects the five major human problems with the help of pre-existing schools of thought, analogy, and imagery. These principles...2022-01-2121 min
The Land of PossibilitiesBYOB Book Review Part 6In this part 6 of the series of the Nelson Nash Becoming your Own Banker book, Joel and Colton McGriff talk about pages 26 and 27 and review what they said in the first five episodes of the series. They also talk about the idea of financing what you buy. Highlights: Financing what you buy - 1:06 How many times have you read this book? - 2:08 Understanding the problem and knowing what to do - 3:14 Why using life insurance - 5:12 Being a customer and the owner at the same time - 11:33 Getting more comfortable - 14:23 Having a vision on...2021-12-2719 min
The Land of PossibilitiesBYOB Book Review Part 5Colton and Joel McGriff dig into part five of Becoming Your Own Banker. They talk about how the most important part of the entire book is right here, pages 21 through 25: Creating your own banking system through dividend-paying life insurance. Learn how banks operate in this episode! Highlights: A section of the book that we need to re-read - 0:48 The very first principle that needs to be understood - 3:03 How to think when it comes to budget - 8:07 Why the whole system is so beautiful - 9:30 Nelson teaches a lot of analogies in his book - 11:25...2021-12-1720 min
The Land of PossibilitiesBYOB Book Review Part 4In continuation of the book review, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker and how it connects to society today. They talked about fractional reserve banking and how bankers are making speculative investments. Colton and Joel also discussed R. Nelson’s concept of cogeneration and how to share their knowledge with the next generation even if what they have been told wasn’t true because they’re taught of the higher system. Highlights: One of their favorite things about what they’re doing...2021-12-0317 min
The Land of PossibilitiesBYOB Book Review Part 3Continuing with where they left off the last episode, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker. Together, they state the reason why they are drawn not only to the book but also to the analogy that R. Nelson used. They also discuss why most financial conversations and misconceptions are wrong. Highlights: Why Colton and Joel are drawn to the book and analogy. - 1:30 John 5:6 - 1:51 Understanding the breakdown. - 3:28 86% of every dollar goes to the cost of financing. - 6:21 Why does Joel...2021-11-1816 min
The Land of PossibilitiesBYOB Book Review Part 2In continuation of the book review, Colton and Joel carry on sharing their insights about Becoming Your Own Banker. They focus their discussion on one of the many analogies in the book: The concept of the grocery store. Colton and Joel also bring the topic of building a system of bringing in more income without increasing the amount of time you need to do it and why more people are interested in paying low-interest rates. Highlights: You know you have a good book when it's worn more than others because you’ve read it so ma...2021-10-2825 min
The Land of PossibilitiesBYOB Book Review Part 1Colton and Joel sit down to talk about the book, Becoming Your Own Banker. They also talk about the concept of infinite banking: The more you learn about new ideas and new things, the more you come back to the concept. Colton and Joel also cite different resolutions and realizing that everything that you know now could change tomorrow: You should be willing to adapt to it. Highlights: The more you learn about new ideas and new things, the more you come back to the concept of infinite banking. - 0:56 What makes reading the...2021-10-1422 min
The Land of PossibilitiesNew Additions to the TeamJoel and Colton McGriff give us an update about where things have been and where things are going in business and life. They have a new member of their team: Colton’s sister! A new member of the team that gives a new perspective. Highlights: A new addition to the team - 2:18 Designing a strategy that makes sense - 3:46 The Tax Code is a puzzle - 4:03 Raising a new puppy and a newborn baby - 10:21 A new puppy is their lives - 15:26 Resources and Links: https://www.themcgriffalliance.com joel@themcgriffalliance.co...2021-09-2717 min
The Land of PossibilitiesHow Does Inflation Affect My Decisions Right NowJoel and Colton McGriff talk about a topic that has been in our heads during this time and they ask “How does inflation affect my decisions?” Check out their answers in this special episode. Highlights: A story about Richard Nixon’s presidency - 1:00 The first exposure to the money markets - 2:30 The confiscation of gold - 4:49 The fear of COVID - 6:56 Controlling inflation? - 7:28 Is inflation a problem? - 10:17 What was Nelson Nash trying to teach us? - 13:34 Nelson Nash provided us with a roadmap - 15:43 The Infinite Banking Solution - 18:45 Resources and Li...2021-06-2823 min
The Land of PossibilitiesKISS- Keep It SimpleThe theme of this podcast is KISS: Keep it Simple! But why? Check it out in this episode as Colton and Joel explain why you have to keep it simple. Highlights: When do you want to retire? - 1:37 Creating passive income - 1:59 Discussing passive income goals - 2:50 You have to plan all the scenarios - 3:24 Access to capital is the most important thing - 15:24 Resources and Links: https://www.themcgriffalliance.com joel@themcgriffalliance.com colton@themcgriffalliance.com Phone: 205-991-4448 https://www.whatiftheyarewrong.com/ FREE eBook: Why Life Settlements Make S...2021-04-0716 min
The Land of PossibilitiesMore than Surface Level InformationColton and Joel McGriff talk about the basics of why they started this podcast. It is not about giving surface-level information, it is about giving you actionable steps to make better decisions. Highlights: The guiding principle to start this podcast - 2:23 There’s a lot of theory everywhere - 3:30 Giving enough information - 4:12 The way they teach finances to their clients - 5:46 Building the security system for our families right now - 7:53 Nelson Nash’s principles - 9:53 The stock market - 16:13 The new version of gold - 17:03 Resources and Links: https://www.whatiftheyarewrong.com...2021-03-3120 min
The Land of PossibilitiesLife Insurance for NewbornsThis podcast has special news: Colton and his spouse have a new baby! They are so happy as Colton explains how their life changed and about life insurance for newborns. Highlights Diaper changes - 1:41 Kids are expensive - 4:18 The value that a kid brings - 4:54 Controlling costs so that they do not become a problem - 6:30 Planning for “his son’s death” - 7:54 Life insurance is necessary - 8:57 The best place to store money - 10:05 What do you want for your grandchildren - 11:56 Life insurance as a savings plan - 13:26 The system to stay in the game...2021-03-2226 min
The Land of PossibilitiesLife Events/CoachingThe McGriffs talk about how you can be coachable through the process of life. They dive into some incredible coaches and explain using a NBA analogy. They recommend implementing the infinite banking system in our lives. Highlights: Being in the COVID world - 1:12 About generational planning - 4:19 Everything is changing - 5:15 Why coaching is necessary - 6:47 The NBA this year - 7:48 Implementing the Infinite Banking system into your life - 11:40 The need for great coaching - 12:25 When the pieces fit together - 13:05 Allowing families to take and stay in control - 15:05 Always providing opportunities...2020-08-2019 min
The Land of PossibilitiesCash Flow and How Timing is Everything (part 3)This episode is part three on the cash flow series! The McGriffs talk about cash flow during the pandemic and dive deep about how timing is everything. Highlights: Cash flow during the pandemic - 2:42 Everything happens the same way during a crisis - 3:30 One of the major things when it comes to cash flow - 4:29 The financial industry during the last crisis - 6:39 Constantly evaluating circumstances - 7:00 The timing effort - 7:41 Talking about timing - 8:18 When timing matters the most - 10:44 Why Infinite Banking makes so much sense right now - 14:44 Re...2020-07-3117 min
The Land of PossibilitiesCash Flow and Its Importance (part 2)This is part 2 on the three-part series about cash flow! The McGriffs talk about cash flow, how to build it, and why it is important. Highlights: Why we need cash flow - 1:57 Having a more certain future - 2:20 The importance of what Nelson Nash taught us - 4:46 The key is to ask “why” - 6:36 Having an independent thought - 6:54 A different approach to your finances - 10:30 We are the CEO of our family corporation - 12:05 Resources and Links: https://www.themcgriffalliance.com joel@themcgriffalliance.com colton...2020-06-1817 min
The Land of PossibilitiesCash Flow and Retirement (Part 1)This is a three-part series on cash flow! The McGriffs dive in to understand why we do what we do in the financial space. Today’s episode is about thinking about retirement differently. Highlights: Their view about retirement - 1:38 Always creating value in some way - 2:01 Retirement as an amazing time - 4:51 We are always talking about cash flow - 6:27 Creating the cash - 9:38 Making assumptions - 10:44 Focus on cash flow immediately - 11:01 We have the power to change a scarcity mindset - 12:27 The importance of the word “flow” - 12:40 Resources and Links...2020-06-1113 min
The Land of PossibilitiesWhy It Makes Sense to Borrow From a Life Insurance Company After Getting Out of DebtDoes life insurance make sense? If you want to know the answer to this question, this is the episode for you because the McGriffs explain to us what personal banking is and what we can do to get out of debt. Highlights: Investment ideas during the pandemic - 2:03 Why life insurance makes sense - 2:33 Talking about debt and life insurance - 2:54 Diving more into the life insurance industry - 3:54 Borrowing our money - 9:10 Our ability to earn and save - 11:37 Being better prepared for a crisis - 14:43 Resources and Links: https...2020-05-1415 min
The Land of PossibilitiesContinuation of DebtLast week, the McGriffs talked about good debt vs bad debt, but in today’s episode, they dive into all debt. They continue to explain what to do when it comes to debt. Highlights: Storing cash - 1:55 You cannot predict everything - 2:04 Looking at future investment decisions - 3:29 People depending on investments - 4:04 The financial world - 5:48 What debt looks like - 10:25 We need to prepare and make a plan - 11:53 Having control of your future - 13:59 What real estate looks like - 15:23 Resources and Links: https://www.themcgriffalliance.com ...2020-05-0718 min
The Land of PossibilitiesGood Debt vs. Bad DebtCan debt be good? Listen to the McGriffs insights about what makes it good or bad and what to do about it. Highlights: Good and bad debt - 1:14 Paying off debt - 2:34 Student loan debt - 3:18 Credit card debt - 4:03 Should we pay off the debt? - 4:20 Building cash and staying in control - 8:11 There’s definitely bad debt - 9:51 Nelson Nash’s insights - 12:21 Looking back into history - 13:17 What an interest rate means - 14:42 Good investments and real estate - 16:55 We are all bankers at some level - 18:40 Subscribe to the newsletter! - 19:56 2020-04-3020 min
The Land of PossibilitiesStop Saving for RetirementThe McGriffs talk about Joel’s new nickname, these uneasy times for the world, and explain why you should stop saving for retirement. Highlights: Watching the news all day? - 1:40 Stop saving for retirement - 2:07 How we are going to stop saving for retirement - 2:42 Worrying about cash flow - 3:16 What are outside investments - 4:36 You have to create cash flow now - 7:16 The Wall Street Mindset - 8:11 Learning how to use money - 8:49 Living below your means - 10:28 Expanding our means early on - 10:59 The things that changed during the pandemic - 11:52 There are th...2020-04-2321 min
The Land of PossibilitiesThe United States Monetary History: Lesson 2The McGriffs dive into part two of the United States Monetary History. They highlight the good during the quarantine period and give us a great history lesson! Highlights: The virus going around - 1:23 Taking care of all family members - 2:06 Rescheduling events - 3:05 Working from home - 5:02 A new News Network - 6:03 Inspiration is everywhere - 7:25 Part 2 of the U.S. Monetary Policy History - 8:06 An intelligent thinker - 9:34 Things that happened since 1933 - 10:33 Differing opinions about history - 11:18 Understanding the Federal Reserve - 12:05 The first stage of inflation - 13:00 What happened with Nixon - 13:40...2020-04-0822 min
The Land of PossibilitiesThe United States Monetary History: Lesson 1The McGriffs dive into the start of the U.S. monetary policies and how they’ve evolved and changed over the years. They are discussing history to learn more about our present. Highlights: Figuring out why something happened - 1:44 A super ambitious topic to cover in a podcast - 2:08 The thoughts of our founding fathers - 2:30 All that matters about financial lives - 3:10 The early monetary history - 3:48 The founding fathers and the Federation - 5:33 The national credit - 8:07 Monetary policies in the U.S - 8:31 Washington’s first term as president - 9:24 An argument betwe...2020-04-0121 min
The Land of PossibilitiesShould I Invest in the Stock Market Today?Before going into history lessons, Joel and Colton Mcgriff dive into an important question: Should I invest in the stock market today? Highlights: Understand what you are investing in - 1:09 The market’s ups and downs - 1:33 You should have liquid money for emergencies - 2:36 This pandemic was unexpected - 3:26 What to do if you have a real estate development - 5:13 The seven principles of prosperity - 7:25 Staying home during quarantine - 8:55 Unknowns that we cannot predict - 9:49 What’s happening in today’s market - 11:46 The market is going to come back - 12:48 Flipping the coi...2020-03-2621 min
The Land of PossibilitiesIntro to Monetary History of the U.S.Joel and Colton Mcgriff give us a brief update about the Coronavirus. They focus on the economic impact of the virus, and share an intro to monetary history in the U.S. Enjoy! Highlights: What's happening in the stock market - 2:20 Intro to a monetary history of the U.S. - 3:35 The 1987 crash - 4:03 So much uncertainty - 4:17 We do not have control over the stock market - 5:32 How the Coronavirus affects our lives - 6:50 The average return in the stock market - 8:27 We want liquidity when it comes to our money - 10:07 The infinite...2020-03-1915 min
The Land of PossibilitiesNBA All-Star WeekendThe dynamic duo: Joel and Colton McGriff, are always designing strategies for financial security and sharing their sound advice with us. In today's episode, they talk about their passion: basketball and how to have certainty in an uncertain world. Stay tuned! Highlights: The NBA All-Star weekend - 0:52 The greatest players in the world - 1:16 Two teams, two strategies - 2:40 What happened in the game? - 2:58 A competitive game - 4:29 Polarizing views about the NBA All-Star game - 5:48 The Infinite Banking concept and creating strategies for the future - 7:22 We design policies to have certainty about...2020-02-2616 min
The Land of PossibilitiesBeginning of 2020The McGriffs give a recap of how they finished up 2019 and what they're looking forward to in 2020. Specifically, what happens when we travel. Colton will share his experience of his honeymoon, so be sure to stay tuned until the end and enjoy! Highlights: What happens when we travel? - 1:05 Colton's honeymoon - 2:09 Colton's experience of his honeymoon cruise - 4:57 Having a 401k talk - 5:46 The 401k as a good thing - 7:41 Liquidity, use, and control of your money - 10:20 How you can explain Infinite Banking - 11:23 Explaining the Bible project - 14:50 Starting 2020 with clear goals...2020-01-1518 min
The Land of PossibilitiesThe Simplicity of IBCJoel and Colton McGriff explain in previous episodes the ins and outs of infinite banking and how to become your own banker. To wrap up the year, they come back to the basics and explain why they do what they do, in a very concise and simple way. Stay tuned and enjoy! Highlights: How do they explain the infinite banking concept? - 1:31 The question that they always ask themselves - 3:14 An analogy to explain the infinite banking - 4:00 Understanding what infinite banking is - 5:21 What is interest? - 6:50 Paying attention to the interest function - 7:29...2020-01-0116 min
The Land of PossibilitiesBecoming Your Own Banker - Creating the EntityJoel and Colton McGriff are jumping back into the book, Becoming Your Own Banker with their next part in the series: creating the entity. In the previous episodes, they talked about some of the human problems and conditions about why we need to change. Today they talk about what is it that we need to change? Enjoy this episode! Highlights: Why use life insurance? - 1:02 Mutual life insurance companies - 2:44 Creating the entity—what does that mean? - 4:20 The use of money during a lifetime - 5:00 The cheapest way you can buy life insurance - 6:06 Thi...2019-12-2515 min
The Land of PossibilitiesBecoming Your Own Banker: Human ProblemsJoel and Colton McGriff talk about human psychology and how it relates to part two of Nelson Nash’s book: Becoming Your Own Banker. They dive into this part of the book and how it relates to human nature. Be sure to stay tuned and enjoy this episode! Highlights: Why human problems are important when it comes to finances - 0:54 Individual improvement - 3:12 What are the five human problems? - 3:53 Not spending as much as we are earning - 7:24 Financial vehicles to store money - 8:33 Do not store your money where somebody else can steal it...2019-12-1122 min
The Land of PossibilitiesPossibilities are Endless for the FutureAlways trying to bring truth to the financial world, the McGriff talk about the importance of having a vision for the future and how to create a plan to reach all your goals and purposes. Enjoy this episode! Highlights: Figuring out the why - 1:44 Thinking each day in the future and what goals to achieve - 4:21 Decisions and visions for a family - 5:26 Joel's decisions during his life - 6:27 How Joel's life became different since having a baby - 8:48 Some decisions that we make open up new opportunities in life - 11:49 Understanding the "Arrival Syndrome"...2019-11-2718 min
The Land of PossibilitiesUnderstanding Human Nature and Setting GoalsAlways trying to bring truth to the financial world, father and son Joel and Colton McGriff talk about human nature, setting goals and achieving them, and why sometimes you must take a vacation. Stay tuned and enjoy! Highlights: Deserving a vacation - 1:08 Understanding human nature and setting goals - 2:18 Have a powerful reason - 3:57 A powerful reason to do things and the family - 4:44 Learning from family - 6:03 Teaching your kids - 10:05 How to set your goals - 12:42 Setting a vision as a couple and a new family - 15:00 Looking for ways to achieve y...2019-11-1319 min
The Land of PossibilitiesIBC Applied To Your New Real Estate InvestmentAfter having three McGriff weddings over the span of a few months, the Joel and Colton share what's happening in their own lives on a financial level and how they are applying infinite banking and the systems that they talk about so often on the show. Today in particular, they dive into a story of how Colton and his wife approached a new real estate investment. Highlights: A recap of the McGriff Family weddings - 1:12 The most frequent feedback: I get the concept but how do I apply it? - 9:50 Trying to find a n...2019-10-2327 min
The Land of PossibilitiesColton and Leigh Anne’s Wedding Recap! - Episode 45Getting married is perhaps the biggest and most special day in one’s life. In today's podcast, Colton talks about his sweetest wedding ceremony moments. The McGriffs dive into the importance of preparing for the next year: thinking about the couple's goals, passions, and purposes. Stay tuned and enjoy this episode! Highlights: Wedding recap - 0:46 How Colton enjoyed the rehearsal dinner - 1:35 The value of the ceremony - 2:54 Creating a life-long relationship - 5:31 "The sweetest ceremony" - 5:50 The ceremony exceeded their expectations - 6:12 Postponing the honeymoon - 6:51 Their reflection after the wedding - 7:42 Planning the...2019-10-0919 min
The Land of PossibilitiesWedding Week and Infinite BankingThe final week before Colton and his fiancée’s wedding! This episode will be an emotional one in which the McGriff dive into how to prepare for a wedding (or any other big event), how to get organized, and advice for this special moment in life. The McGriff explain the infinite banking concept and why it’s so important, so stay tuned and enjoy this unique episode! Highlights: Advice for Colton! - 0:41 Slow down as best you can and enjoy it - 1:28 So many people to see in so little time - 2:13 Three hundred attend...2019-09-2517 min
The Land of PossibilitiesInvesting in Your Number One AssetJoel and Colton McGriff discuss the importance of investing in yourself first, a recent trip to Orlando and what is like driving a Tesla! So remember, you get the most growth when you invest in yourself. Stay tuned and enjoy! Highlights: Disney's magic in extracting money out of your pocket - 1:36 Having fun at Disney - 2:06 Invest in what you know - 2:53 Their experience buying a car - 5:26 Researching Tesla cars - 8:40 You need to know things for yourself - 9:25 We invest in what we know - 10:49 You have to know the end-game before doing...2019-09-1819 min
The Land of PossibilitiesDiving Deeper on Becoming Your Own Banker (Part 2)Joel and Colton McGriff discuss the journey of how to become your own banker. They go deeper into Nelson Nash's concepts using the grocery store analogy. Stay tuned and enjoy! Highlights: The Grocery Store analogy - 0:55 What does it take to start a grocery store? - 1:50 Why the McGriffs love this example - 3:24 How low are the margins in the grocery business? - 6:30 Keep your business running - 7:57 Taking loans against our policies - 8:49 Businesses and the Infinite Banking Strategy - 13:25 The most important thing you could do financially today - 16:30 Their favorite analysis from...2019-09-1122 min
The Land of PossibilitiesDiving Deeper on Becoming Your Own Banker (Part 1)In this new podcast, Joel and Colton McGriff discuss the journey of how to become your own banker. They go deeper into Nelson Nash's concepts and make a part series of this discussion. Stay tuned and enjoy! Highlights: An impactful book - 1:17 Read Nelson's book more than two times - 2:12 The importance of taking control of the banking function - 2:40 Understanding how the whole system works - 3:13 The banking function - 3:37 Central bank systems - 4:59 Having control of your finances - 8:11 Discovering the Infinite Banking Function - 9:00 What does it mean to gain control? - 11:59...2019-09-0419 min
The Land of PossibilitiesWhy Isn't Everybody Doing This?Colton shares how he was diagnosed with a disease years ago, and how he and his parents tried to start a new lifestyle and food plan to help him recover. Colton and Joel McGriff talk about a question that was asked related to the Infinite Banking Concept: “Why Isn't everybody doing this?” and they explain this question using the example of Colton's disease and his food plan. Stay tuned and enjoy! Highlights: Having a diet plan - 2:04 Colton shares his story - 2:29 A whole food plan diet - 4:13 Asking yourself the same question - 5:09 If everybody know...2019-08-2818 min
The Land of PossibilitiesMarketing and the Art of ComparisonStart with your why, and understand where you want to go, is today's topic. Joel and Colton McGriff talk about why we do what we do, they discuss marketing, and dive into the art of comparison. Stay tuned and enjoy! Highlights: The previous podcast - 0:37 A marketing story - 1:23 In marketing, everything is important - 2:01 Targets in marketing - 2:40 Manipulation to human psychology - 4:36 Before you see the money it is already gone - 5:37 The reason why we do things - 6:42 The Infinite Banking Concept - 7:39 The comparison game - 9:17 Comparing yourself to others - 10:15 Comparing...2019-08-2120 min
The Land of PossibilitiesFather and Son Duo on Money InsightsIn today's podcast, Joel and Colton McGriff talk about their father and son relationship dynamic, they also talk about banks and how we can make better money decisions. Stay tuned and enjoy their answers to listeners' feedback. Highlights: The dynamic of their relationship - 1:11 Start with "why" - 1:43 Being in control of finances - 2:55 Don’t buy something you don’t have the money for - 4:22 Nelson Nash's message - 5:19 Respecting the successful business of banks - 6:36 The reason for inflation - 7:26 Running a business successfully - 8:14 Going deep into life insurance - 11:14 Being prepared and redu...2019-08-1418 min
The Land of PossibilitiesA McGriff Family WeddingHow incredible it is for anyone to get married! imagine how it feels for a father who sees that his daughter is starting a new family. In this episode, the McGriffs recapitulate on the wedding of the only daughter in the family and also, tell us a story to help us understand the importance of not using credit cards excessively but strategically. Stay tuned and enjoy! Highlights: A major weekend in the family's history - 0:31 Walking with your daughter, an emotional event - 1:32 The rehearsal dinner - 2:59 Everything that happened was a huge moment f...2019-08-0717 min
The Land of PossibilitiesMicrowave Success Or Crockpot Success?The McGriff talk about the 2006 recession, what we would have done if they had known it was to come. Stay tuned to learn some recommendations on how to act if something like that happens in the future and how you can plan for the unknown. Highlights: A lot of things that Joel would like to do different - 1:25 Repeating the same mistakes throughout history - 1:35 2008 as an inflection point - 2:01 Being prepared for the uncertainty - 2:47 Wanting to buy some properties - 3:25 A crisis that they have not seen before - 4:52 Prices rising - 6:51...2019-07-3119 min
The Land of PossibilitiesGenerational Planning and Family LoansThe McGriff talk about family banking and what it looks like to generational planning and how to use it for different aspects of the family, listen to this important topic, stay tuned, and learn! Highlights: The need for cash flow - 1:10 Looking for cash flow - 1:44 Talking about maximum potential - 2:46 Internalizing the maximum potential and the interest function - 3:27 Never loan money to family members - 3:53 Being financially responsible - 5:15 Talking about Costco - 6:29 Being financially educated - 8:33 Understanding the interest rates with an example - 10:59 Car companies and getting a great deal...2019-07-0316 min
The Land of PossibilitiesUnraveling The 401 (K)The McGriff talk about the responsibility that we are undertaking as the contributor to our 401k. Also, how and why we think in certain ways when it comes to financing by giving us by giving a little bit of an analogy from the sport that they love most: basketball. Stay tuned and listen to Joel and Colton bringing their intellectual wisdom! Highlights: An analogy with basketball - 0:40 We often make decisions without knowing all the information - 3:17 Talking about the 401 (K) - 3:43 Control equals freedom - 5:41 401 (K) as a retirement strategy - 8:07 Looking at 401 (K...2019-06-2625 min
The Land of PossibilitiesWhy Growing Your Mindset is ImportantOn their mission to bring truth to the financial world, the McGriff talk about a recent trip they took to continue growth in their industry. Listen to this episode to understand the importance of continuous learning. Stay tuned and enjoy! Highlights: Talking about the trip experience - 1:04 Learning a different way to think when it comes to finances - 1:34 Thinking outside the box - 2:09 Attending Summit to learn more - 2:29 Sharing a proverb about learning from others - 3:46 How we are seeking more information in our lives - 5:04 The Arrival Syndrome - 5:31 Analyzing a proverb - 6:48...2019-06-1916 min
The Land of PossibilitiesLearning More about the Importance of CapitalizationOn their mission of designing strategies for financial security, Colton and Joel McGriff dive deep into infinite banking and why it matters most at the beginning of an investment career. Today, they talk about the basics of banking and how to use the cash flow management system. Stay tuned and enjoy! Highlights: The maximum potential calculation - 1:30 The importance of savings - 2:31 Definition of risk - 3:15 Understanding the cash flow management system - 4:27 The importance of capitalization - 4:50 Investors and deposits - 5:20 Having a savings account to capitalize - 5:35 What happens when you have your own...2019-06-1213 min
The Land of PossibilitiesReal Estate Lessons From a Young Couple’s PerspectiveThe McGriffs talk about Colton and his fiancée’s experience as a young couple riding the proverbial real estate rollercoaster of finding a new home. They discuss the details of how and why this couple came to the decision they made, and go deep into the real estate world. Highlights: Trying to find a new home - 1:59 What to avoid when buying a home - 4:50 Talking about real estate - 5:50 What happens when you find 35 to 50-year-old houses - 7:24 Finding a house to rent - 7:50 Every decision we make financially affects others - 10:50 Real estate and...2019-06-0519 min
The Land of PossibilitiesThe Importance Of Coaching In LifeColton and Joel talk about the importance of coaches in those that surround us, how they can mentor us and provide a path to go to a higher level in life. They also touch on the subject of early coaches we encounter through sports and how they teach us about competitiveness and other lifelong lessons. Highlights: Joel's first basketball coach - 0:54 Coaches in high school - 1:19 Learning how to view competition - 2:06 Colton's experience with coaches - 3:46 You need somebody that takes you to the next level - 4:46 Colton talks about athletic training - 7:10...2019-05-2915 min
The Land of PossibilitiesMeaning Of Statistics In The Financial WorldDesigning your own strategies for financial security will be the topic of today's episode as the McGriff discuss the meaning of numbers, why they are so important, and why we should look at them to make an effective negotiation or decision. Highlights: The importance of numbers - 0:46 Numbers do not lie - 1:20 A quote from Mark Twain - 1:50 Discussing statistics - 2:44 Statistics on a negotiation - 3:00 Numbers over the place in the financial world - 3:58 Digging into the 401 (k) - 6:02 Understanding the meaning of each number to make a decision - 6:56 Colton's first econometrics class at...2019-05-2210 min
The Land of PossibilitiesHistory, Finances, and Real EstateThe McGriff talk about Joel’s recent return from a trip to Berlin. They discuss what the experience was like, and the importance of history in human life. Highlights: Joel’s experience in Berlin - 1:02 The importance of history - 1:48 Berlin history: west and east Berlin - 3:18 The Soviet system - 5:50 East Berlin was so different - 6:54 A new perspective about freedom - 7:53 The relation between history and the financial world - 8:31 Regulations on commercial banks - 11:38 Why is the real estate market going up? - 12:26 Talking about mortgages - 13:25 The experience of 2008 - 15:44 What...2019-05-1520 min
The Land of PossibilitiesFacts Don't Change Our MindsA whole new level of financial security is the goal that Colton McGriff has set out to achieve, and on this new solo episode, he talks about his parents' trip to Berlin and how this experience helped him understand the constant human pursuit for knowledge. Highlights: Colton's parents and the trip to Berlin - 1:23 Always looking to learn more - 4:01 Fighting the arrival syndrome - 4:49 Learning throughout all phases of life - 5:07 Why facts don't always change our minds - 5:36 Shifting someone’s mind - 6:34 Humans are animals - 7:26 We care about fitting into a ce...2019-05-0115 min
The Land of PossibilitiesThe Financial Journey of Finding Your First HomeToday, Colton talks about a very personal experience: finding a home to start a life with his soon to be wife. Listen in as he shares how looking for a home expanded his mindset on how you should think about the infinite banking concept and how Joel, his dad, guided him into what was the best financial option for him. You’ll be surprised by this one! Highlights: How much interests you need to pay for a 30 years mortgage - 2:20 Buying a home - 2:47 Paying interests in the first year - 3:00 You are not thr...2019-04-2418 min
The Land of PossibilitiesBreaching The Gap Between Theory and ApplicationToday, father and son talk about the many differences there are between the theory we learn regarding a certain activity and the actual practice of it. Listen in as they share the story of how Colton started his career as a realtor relying only on theory and how they want to encourage you to get practical and take the next step! Highlights: How information is good but at some point, you have to get practical - 1:30 Colton’s experience when he first started as a realtor - 3:30 The knowledge you can get from podcasts...2019-04-1714 min
The Land of PossibilitiesAvailable OpportunitiesWhat does infinite banking look like at a practical level? what does an investment opportunity fund look like? Stay tuned and learn more about these topics and find the answers that you are looking for. Highlights: Listening to Nelson Nash - 1:20 How Becoming Your Own Banker has helped people - 2:00 Advisors talking about emergency funds - 2:50 The importance of having access to cash - 3:44 Looking at estate sales - 3:59 Understanding what you are investing in - 4:22 Looking for your dream home - 5:06 Joel's first property purchase - 5:13 He knew exactly what he wanted - 7:21 Be...2019-04-1018 min
The Land of PossibilitiesA Tribute To Nelson NashAn all inspiring episode on which Colton and Joel use the opportunity to remember the legacy of Nelson Nash, who recently passed away. They dive into his most important work, the message he shared during his life, and also the impact that Nelson's book, “Becoming your own banker”, had on them. Highlights: Discussing the last episode and family legacy - 0:37 The importance of building a legacy - 1:29 Not everything comes from material success - 2:31 Being with a loved one at the hospital - 3:19 The real purpose behind this podcast - 4:44 Using an analogy - 5:24 People...2019-04-0317 min
The Land of PossibilitiesThe Overlooked Benefit Of IBCAnother solo episode by Colton McGriff, Today, we discuss one of the overlooked aspects of the infinite banking concept. He also gives us a reminder of what matters the most in our lives. Highlights: Why Colton is making a solo episode - 0:50 The often overlooked fact of the infinite banking concept - 1:31 Recapturing the interest function - 1:47 Why the banking function is so dramatic - 2:02 What the infinite banking concept allows us to do - 3:31 We do not have control of life events - 4:24 On the financial world, it is hard to say something...2019-03-2712 min
The Land of PossibilitiesA Deeper Look Into The 401(K)Digging into one of the most common concerns that the McGriff have been receiving from listener's feedback: understanding the infamous 401 (K). Today, Colton and Joel revisit their previous podcast topic and explain it further for the audience. If you want to know more about this subject, then you can't miss out on this episode. Highlights: Reviewing the previous podcast - 1:50 Discussing family legacy - 3:00 The importance of a value system - 4:07 How your parents raised you - 5:07 Family principles - 7:39 How the 401(K) can potentially help you - 8:16 A 401(K) forces you into a savings mentality...2019-03-2022 min
The Land of PossibilitiesCreating a Family LegacyColton takes the lead by himself in this episode to talk about preserving the financial integrity of families and what that looks like in a family legacy. Highlights: Creating a family legacy - 0:54 Preserving the financial integrity of families - 1:23 Setting values in a family - 2:10 A McGriff story about financial education in their family - 2:49 Healthy eating habits - 8:40 Homeschool education for two years - 9:45 Money is not the important thing, is just a medium of exchange - 10:12 Designing a life that matters - 10:31 Money does not bring hope to a family, hope comes from...2019-03-1318 min
The Land of PossibilitiesPractical Applications Of IBCThe McGriff talk about some of the real world applications of Infinite Banking and what it looks like in your everyday life. Highlights: How we use Infinite Banking in some practical ways - 1:06 Premiums and incomes should match - 1:51 Infinite Banking should be a cash flow management system - 3:50 Real world applications - 4:40 Paying back the loans - 5:20 Your money going to someone else's bank - 6:30 Taking control of the interest - 7:00 Staying on the growth curve - 7:40 How we use infinite banking on additional expenses - 9:01 Understanding the concept using an example: buying a car...2019-03-0620 min
The Land of PossibilitiesNegatives Of IBCWhen it comes to the Infinite Baking Concept most people think it sounds too good to be true! Today the McGriff address those negative connotations about IBC and how they affect the process of becoming your own banker. Highlights: How infinite banking can improve your cash flow and liquidity - 1:17 Nelson Nash's seminars - 1:53 Quick access to cash - 2:23 A key thing of the infinite banking concept - 3:45 Taxes and liquidity - 4:58 Some negatives of the Infinite Banking Concept - 6:07 How Nelson Nash talks about discipline - 6:31 Nelson's analogy about a grocery...2019-02-2718 min
The Land of PossibilitiesInspiration from The Piano GuysToday, Colton and Joel share how you may find inspiration in the most unexpected places. This is what happened to them very recently when they attended a live show from The Piano Guys. Highlights: Inspiration is everywhere - 1:09 Listening to The Piano Guys was really motivating - 2:53 Becoming your own banker: a book that can help you design new strategies - 4:41 Preserving the client's family financial integrity - 6:15 Connectivity between music and family for young musicians - 7:55 The opportunity to do what you really want to do in life - 10:07 An analogy of the duration...2019-02-2015 min
The Land of PossibilitiesKnowledge vs. WisdomColton and Joel share some insights on how to continue our learning curve but still having some clear fundamentals about the present, which they call “defining moments”. Join us as we discover these defining moments that relate to our financial lives and how information will affect us in the future. Highlights: What drives Joel to always keep learning. We need to be very aware of the information we let into our minds in order to continue growing. The first defining moment: Our money will never be worth more than it is today The second defi...2019-02-1312 min
The Land of PossibilitiesHow Does IBC Work At A Practical LevelThe McGriff’s take on some listener's questions, today they discuss real-world examples of how the Infinite Banking Concept can help you in your life. Highlights: Understanding the Infinite Banking Concept - 1:15 Why do we use infinite in the banking concept? - 1:21 Nelson Nash’s infinite concept - 1:37 Changing the way that you think - 2:59 Real-world examples using the IBC - 3:20 Understanding the using of opportunity cost - 4:29 What should we do if we pay in cash? - 6:55 It is all about making our money in the growth curve - 8:18 Infinite banking is the vehicle to allo...2019-02-0618 min
The Land of PossibilitiesThe Human ProblemsWhat sort of problems could we face while trying to implement infinite banking? This is the topic of today’s episode, so join us as we listen to the McGriff’s discuss the intricacies of implementing such concept, the benefits of using their financial playbook, and their personal recommendation, Nelson Nash’s book: “Becoming your own Banker”. Highlights: Applying the knowledge - 1:37 The truth is not going anywhere - 1:54 The infinite banking concept - 3:30 Reasons for you to do something - 3:49 Government shutdown - 4:18 Three weeks with no payment - 4:38 Understanding how money works - 5:35 One of the...2019-01-3019 min
The Land of PossibilitiesAlways Ask WhyQuestion everything if you wish to understand anything! On this new episode of the McGriff Podcast, father and son discuss one of the seven principles of Prosperity Economics, which is “Think”. Join us as we discuss the innocence of children, how they always ask why and what’s the role that imagination plays in taking the next steps in our lives. Highlights: Children stories -1:46 Asking Why - 2:53 Children as a source of inspiration - 3:29 The moral of the story - 6:45 Doing things differently - 11:22 What matters the most to you- 11:49 Personal dreams V.S. indu...2019-01-1617 min
The Land of PossibilitiesGetting Out Of DebtStart the year with the right foot as we listen to the McGriff's discuss the banking system, how to take control of your finances and how to get out of debt. Highlights: Being in debt - 1:33 Debt and the cash flow management system - 1:59 Analyzing the whole financial picture - 2:34 Life Insurance in the Infinite Banking Concept - 3:12 How to get out of debt - 3:52 Being proactive in your family's wealth - 6:16 The student loan problem in America - 10:27 The FIRE (Financial Independence, Retire Early) Movement - 11:31 Freedom to discover your passions - 13:43 2019-01-0915 min
The Land of PossibilitiesSetting Goals for The New Year: Focus On The Big WHY!As we wrap up the year Joel and Colton talk about their approach to goals and achievements in life. Instead of seeing this so-called “New Year's Resolutions” as a to-do list they invite us to focus on the big why that pushes us to wanna achieve these goals, you don’t wanna miss this one! Highlights: The McGriff’s discuss a recent family trip they recently took - 1:30 Joel tells us how instead of setting goals for the new year he tries to focus on the big “why”, the reason we wanna achieve these goals - 2:30...2019-01-0217 min
The Land of PossibilitiesInfinite Banking ConceptOn this McGriff podcast, father and son discuss a book written by author Nelson Nash: Becoming Your Own Banker. Stay tuned as they share their thoughts on the Infinite Banking Concept, who started it, and what it means. Highlights: Infinite Banking Concept - 2:35 Discussing the book: Becoming your own banker by Nelson Nash - 2:53 The banking function - 5:41 Getting into the banking business - 7:22 Becoming your own banker - 8:40 Emergency and Opportunity Fund - 10:41 Money has to flow somewhere - 14:48 Imagination V.S. Knowledge - 18:28 Resources and Links: https://www.themcgriffalliance.c...2018-12-1919 min
The Land of PossibilitiesLessons From The Big ShortIf you’ve ever heard the phrase “a lesson will repeat itself until it’s learned” you realize why history is critical to our growth and understanding. You’ll hear what happened during the great recession and other milestone events and what Joel and Colton learned from those difficult times. Highlights: What makes history so important? - 0:36 The great recession of 2008 - 3:18 Why we are continuously finding places to create cash flow - 4:50 Having the courage to speak up and follow your convictions - 10:44 How the Federal Reserve addressed the problem of the 2008 recession - 11:28 Wha...2018-11-2821 min
The Land of PossibilitiesWho We Are, Why We’re Doing This PodcastYou can do anything if your reason for doing it is powerful enough. That’s a phrase the McGriff’s have been saying for years. Today you’re going to hear some of the favorite family phrases and find out about Joel and Laurie’s 35th wedding anniversary to the magical world of Disney. Also, hear how the family has circled around Colton through his collegiate basketball career to his challenging health diagnoses. Highlights: The lessons Joel learned from his magical Disney trip with Laurie. Colton’s diagnosis with type 1 diabetes and how he approached...2018-11-2138 min