Wealth On Main Street (Richard Canfield & Jayson Lowe)

Episode 1 of The Wealth Without Bay Street Podcast.

Where conversations about money are actually fun! We understand that the reality for most when it comes to talking dollars can be very stressful and bring up a lot of negative emotions. We’ve been there.

We are taking the steps to lighten up the narrative and get more people comfortable talking about money. How? It’s all about shifting the mindset people have about money and how we’re approaching the problem. Here’s the truth: If what you’re doing up to this point is not creating the fulfillment you seek in your family and your business, the only way to change it is to first change the way you think.

We get it, because we’re looking for it too. And that is more certainty and more stability in our lives. And we’re saying you don’t have to hand control of your money over to someone else in order to grow your wealth.

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All our lives we’ve been taught to be divisive about our wealth. That when you grow up you’re to move out, grow your own family, own your own mortgage, vehicles and bills.

We’re saying there is another way and has been available for a while. What would it look like if we stored our money inside of an entity that we owned? Where you have money coming back to your family from all the things that you would have normally transferred money away from your family to take care of (vehicles, weddings, education, property, investments, business expenses, income taxes, property taxes, etc).

The Wealth Without Bay Street Podcast has been created to educate the public on how to create dependable wealth by implementing the process of becoming your own banker. A process that was pioneered by the late Nelson Nash.

There is a roadmap to put your capital back in your control.

In this episode David Stearns, President of Infinite Banking Concepts LLC, Founding director of The Nelson Nash Institute and R. Nelson Nash’s son in law joins us. We discuss the last 20 years working closely with Nelson Nash and what life has been like since Nelson’s passing in March 2019.

David shares tales of the growing pains of his family policy system including his first policy and how with Nelson’s help the family system has already crossed 4 generations. Learn some of the reasons and strategies behind how they have added policies over time. An organic process that stretches and grows with your own growth and capacity that works with the needs of your family.

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IBC has become more than a financial planning tool for David and his family, it’s become a lifestyle, a fundamental part of their life. It’s not been an easy road, but they’ve taken Nelson’s advice to heart and made sure they adopted banking as the 2nd necessary business to grow and understand as they continue to build more generational wealth.

Discover how important it is to plan for Windfalls and the power of ownership with this Dividend Paying participating whole life policies. David talks about 3 policies on Ex business partners that R. Nelson Nash has passed down as an asset even after his death that will continue to add an impact on the family for years to come.

In today’s episode, we talk to Russ Morgan and Joey Mure of The Wealth Without Wall Street Podcast and their journey of discovering the Infinite Banking Concept and putting it into practice.

This is a rich episode if you're ready to catch what's being said.

As they became more successful themselves, they found they had less time to help the people they really wanted to help. They used their own podcast as a way to help them connect the information their clients were looking for to grow and expand their own successes.

What started as a simple podcast, turned into a valuable resource and community for everyone involved. They began to see that when you brought the right alignment of minds, who were looking for the right opportunities together, opportunities would be created to take advantage of. And because they had the cash flow to take advantage of them, they did so.

This was the game-changer for them.

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In this episode, Jayson and Richard share the mic with Jason Rink, a texas-based commercial banker who followed his entrepreneurial dream 10 years ago and now runs Simplifilm, a video production agency who has had the pleasure of working with many award-winning actors, senators and presidential candidates and who produced the documentary This is Nelson Nash.

We dig into his journey leading up to his aha moment that forever changed the trajectory of his life and his business using the Infinite Banking Concept.

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Maybe you’re at the stage where you’re experiencing momentum or maybe you’re just getting started thinking about that big vision, wherever you are,  just know that the number ONE generating asset that you have complete control over is YOU and YOUR business. Combine that with the power of easy access to cash flow and you have the most powerful strategy for success.

Do you want to create abundance in your life? Do You want more freedom to do what you want? Then you need to change your mindset.

It’s all about how you think.

You need to be willing to exchange your most valuable asset (time) for knowledge and then you need to take action. The knowledge will allow you to ask the right questions. With those answers come now the steps you need to take that will move you forward.

You must understand that there are absolutely NO shortcuts. Knowledge only reveals the understanding of the steps needed. There will still be massive amounts of work involved to take the action and you must be consistent along the way.

A lot of little steps. This is the secret weapon that will amplify profitability and leapfrog you forward. It will become the ripple effect that creates more opportunities for the good stuff to show up.

On this episode, we have Jonathan Proulx, one of Canada’s top Amazon resellers sharing his journey of moving from oil and gas and towards creating wealth from a computer that began the process of giving him and his team what we all really want more of, and that is the time to focus and pursue what’s important to us.

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If you haven’t listened to Part 1 of this 2 part series. Be sure to listen to it here.

Part 2: Advisors, your role is fundamental but should not be a dependency.

We human beings have an innate proclivity to get hung up on what we see and what we can touch and feel at the expense of the unseen.

Such as the Illustrations, policy statements and increased value, your return on your investment and the dividend you were paid this year.

But what about the unseen that we don’t take into account? They are such an integral part of our day to day life and we must develop our awareness to grasp their importance.

As advisors, it's paramount to step away from our tendency to want to sell from the illustration. It is only of value if the proper education has been done. Otherwise, it just becomes a source of confusion, dependency and a distraction to whether the client actually understands not only what's on the page, but what this now makes available.

The value for becoming your own banker is not on that page and if you don't lay the educational foundation first, then what you're doing is purchasing a liability not gaining a client.

Resist the urge to cut corners, not pay your dues, not be a part of the community, not do the work.

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How to turn your business into a money-making machine.

It's difficult enough to run a business with money, let alone when you’re chasing after receivables

Cashflow is always the topic. Whatever business size you are, you need cashflow so you can take care of what you need to take care of and sometimes you’re waiting for cash to come in over long periods of time.

There are those obligations that are due, repeatedly and regularly without fail. Maybe you’re operating off some line of credit and it's been racking up and racking up and racking up.

You're paying out for all these different things, be it materials, supplies, inventory, or equipment needs. You finally get this big influx of cash and you compress that line of credit down, only to find yourself starting the cycle over again.

You seem to be getting bigger…

But you're still chasing that cash flow machine.

That's what happens for a lot of businesses.

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There's a way that we go about managing cash in the business. And we want to share with you our inspiration for how we created that and how that's been going.

Listen to find out how we've been doing it.

The Infinite Banking Concept is about a process, not a product.

This podcast is our way of ensuring we provide our clients with the best, most accurate, clear and complete information about the process of using dividend-paying whole life insurance policies as a vehicle for controlling the banking function in your life.

Thee is a lot of information out there and it is missing the context of the complete picture. This is not just about whole life insurance. That narrow field of view is leading people down the wrong path without enough information and missing the bigger picture.

Here’s the thing. If you had a belief that water was bad because your limited understanding of it was that people drown in it, that does not make it true, that just makes it incomplete.

We are taking the necessary measures to ensure people are provided with the proper and necessary education. And Bob Murphy’s book “The Case for IBC” along with R. Nelson Nash’s “Becoming Your Own Banker” is the 1-2 punch to a complete understanding of what IBC actually is and how it works and how you control the banking function in your life.

As you begin to understand how this process works, you will see that this does not close doors to other opportunities, ways of operating or access to alternative investments, but supports and complements those opportunities.

Understanding and owning the banking function sets you up to be able to take advantage of the best options out there.

Don’t assume you have all the information or that your sources do either. Keep exploring.  It is inclusive, not exclusive. Get your information from an experienced and authorized Infinite banking practitioner.

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You want financial freedom? You want the ability to take advantage of the opportunities as they arise?

Then you need to take responsibility and invest the time to understand how money works and not just leave your livelihood on the opinions of the media or advisors that do not have a grasp of the complete picture either. People reach absurd conclusions with limited information. Don’t get caught in that trap. Get the truth, not just opinions

Understand how these financial systems work, get your advisors to show you so that you really understand it for yourself. There is so much misinformation and it’s on each of us to ensure we’re getting the right stuff. Before we make these critical choices.

Today we talk to Todd Langford. Founder and CEO of a software platform called Truth Concepts. Todd has trained thousands of industry professionals on how to use financial software effectively so they are able to see through the garbage that’s out there and empower them to make decisions for themselves and their clients with confidence while fixing the financial stress going on in so many people's lives.

If there is one thing you want to get absolutely clear on, it is why. Why are you wanting to do x? What does that mean in your life?

If you don’t understand the problem, the solution does not matter.

This is an episode to dig into if you’re looking for clarity.

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Today’s episode we have a special guest. Winnie Lau aka “Winnie the Winner”. Winnie has demonstrated herself as a strong leader and is one of the few females in the industry, she’s taken on creating the space for the other female practitioners to grow within a predominantly male-centric industry.

We talk about the interactive money & banking program she’s built and made available to help parents teach cashflow basics to kids at a young age. This Cash Smarts For Life program gives both parents and kids the ability to make discussions around money both fun and profitable. Winnie also created an action taker platform to help those that have struggled to complete or to update their Will, Power of Attorney and Personal Directives. These programs focus on clients and their families creating and keeping money and good money habits over generations.

A hero to her daughter and to herself during those dark times of uncertainty. She shows us how you can rise up and take control of your life by focusing on constant education.

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Let's talk real estate…

When you can’t get access to the equity in your property, that’s a problem.

When you’re increasing the margin of safety for the lender (the bank) and by proxy, dollar for dollar decreasing your margin of safety, that’s a problem.

When you are permanently transferring money away every single month in the form of mortgage payment and you can’t earn interest or save that payment again, that’s a problem.

Whoever has the gold makes the rules.

Are you ready to make a financial change in your life and take control of your own money?

There's a system you can implement that will do just that

There’s no such thing as having arrived in knowledge. You rely on your CPA’S as a trusted advisor but your advisor can only be truly valuable if they are committed to having an open mind and are constantly growing and learning.

We know the power of compound interest, consider how powerful compounding your knowledge is. Most CPA’s are focused on the short term objectives and it’s a big missed opportunity. We dig in with Bryan Bloom, author of Confessions of a CPA.

Purchase his book here

https://wealthwithoutbaystreet.com/confession

Want to take a deeper dive into becoming your own banker?

Traditional banking is phasing out quicker than some may think. Thanks to people like Jayson, Richard and Mary Jo Irmen, ordinary people are able to do extraordinary things without the high interest and stress that comes with a bank loan.

Mary Jo in particular is on a mission to save the farming industry!  She specializes in farmers and business owners because she grew up on a farm ranch operation and owns a business. She knows firsthand about the struggle to get ahead. She has authored the books “Farming Without the Bank” and “Wealth Without the Bank or Wall Street” to share information with others in an easy to understand format. She teaches how to own the bank, control the money and create wealth without the B.S. of banks or wall street.

Listen as Jayson, Richard and Mary Jo discuss both the positive and negative effects that COVID-19 is having on farmers.

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:34] What Inspired her Book?
• [00:12:33] Biggest Win for Farmers
• [00:19:24] Most Common Implementations Made by Farmers
• [00:32:48] Advice from Mary Jo

Today Richard and Jayson discuss important aspects of Nelson Nash’s book, “Becoming Your Own Banker.” This book shows that the need for finance, during your lifetime, is much greater than the need for protection. The process of becoming your own banker will solve this need and by doing it you will also end up with more life insurance than “regular” life insurance companies will issue. Join them to hear all about Participating Dividend-Paying Whole Life Insurance and how easy it is to get started once you’re able to figure out where your money is currently moving. Funding your IBC program and capitalization is critical to get your system off the ground. This episode helps bring ideas on how to rethink your monthly and annual cash flow to find more capital to grow your own banking system.

Ever thought about starting your very own Amazon store? If the answer is yes, then you’re in the right place today! Join Richard and Jayson as they welcome back Canada’s # 1 Amazon Resale Coach, Jonathan Proulx. Even though Jonathan always had an entrepreneurial mindset, he started his career in Northern Alberta’s oilfield as a tradesman. After spending several years working for someone else, he realized that there were far better opportunities out there. That’s where Amazon comes into play. For three years, Jonathan learned how to use the platform to make money. Fast forward to today, he’s a very successful entrepreneur and has created a course with his business partner to help others do the same. Sit back, relax and listen to Jayson, Richard and Jonathan discuss how the Infinite Banking System has helped Jonathan create even more wealth inside his business.

IN THIS EPISODE, YOU WILL LEARN:

• [00:04:45] What Inspired Jonathan to Start with Amazon?
• [00:09:11] Jonathan’s Big Milestone
• [00:16:29] Advice to Someone Wanting a Change
• [00:24:26] How has the Infinite banking Community Helped Jonathan?
• [00:40:19] Final Thoughts

Tune in today to listen to Jayson & Richard discuss the integral steps of Participating Whole Life Insurance Policies & how they’re beneficial.  The process of Becoming Your Own Banker, The Infinite Banking Concept, may seem tricky to some but Jayson & Richard have a knack for breaking it down so that everyone is able to understand it. One main aspect of a Participating Whole Life Insurance Policy is the uninterrupted compounding growth.  If that doesn’t sound appealing, then I don’t know what is!

Profitability is very important.  And that’s what you’ll about today as Jayson and Richard chat with author, entrepreneur, and lecturer, Mike Michalowicz.  Mike has authored seven business books including his latest, Fix This Next. He is a former small business columnist for The Wall Street Journal and is the “Business Rescue” segment host for MSNBC's Your Business.  Listen as Mike, Jayson and Richard talk about what inspired Mike’s books and how learning the foundation principles of profitability are important even down to the household level.  Keep an ear out to see where Mike has opened his newest office!

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:29] What Inspired The Profit First Model?
• [00:11:20] Parkinson’s Law
• [00:25:03] Have Canadians Been Reaching Out?
• [00:28:24] What Inspired Fix This Next?

When it comes to real estate, most people think, “Location, Location, Location.”  Why not say, “Location of the Equity, Location of the Equity, Location of the Equity?”  When you have a Participating Dividend-Paying Whole Life Insurance Policy, all of the cash value in the policy is growing daily, uninterrupted by the loan balance.  Is this a possibility when getting a mortgage from a bank?  Absolutely not.  As all real estate investors know, having access to capital is very important.  So, our question to you is, why get a loan from a bank when you can borrow money from your insurance policy and pay yourself back?  Inside the process of Becoming Your Own Banker, you will see all the benefits that these policies can do to your life. The longer you let someone else control the function of banking in your life, the longer you’re penalizing yourself.

Become Your Own Banker….It’s a Win-Win Situation!

Taking energy out of the commercial banking system and adding that energy into your own system makes so much sense especially in times like we are facing right now.  Even through a global pandemic, Participating Dividend-Paying Whole Life Insurance Policies shines through like a beacon in the night. Once you own one of these fabulous policies, as long as you have a cash balance available, you will never have to “qualify” to gain access to that amount.  During this pandemic, these policies have been even more beneficial to their owners because they’re been able to do things like keep their employees paid, and most importantly, keep their families fed.  Being co-owners of an insurance company, participating in the divisible surplus of the profits of that company on a yearly basis is a way that you’re able to take control of your money while receiving the piece of mind knowing that you’re able to take care of things when needed.  Listen as Jayson and Richard discuss these topics as well as the benefits of owning a completely unstructured loan where you’re able to dictate the terms.

Today Richard and Jayson are joined by their friend and fellow Infinite Banker, Fong Chua. Fong is an Amazon #1 Bestselling Author, Speaker, Real Estate Investor,  Business Coach and Podcast Host. He has been his own banker for approximately 9 years now. In those 9 years, Fong has been able to fund his real estate business and also help friends in need with the cash value he accumulates inside of his Participating Dividend-Paying Whole Life Insurance Policy. Fong’s passion is to add value to others and help them unlock their true potential. Tune in to hear the trio discuss all the benefits that Infinite Banking brings.

IN THIS EPISODE, YOU WILL LEARN:

• [00:07:06] What Role Has The Process Of Becoming Your Own Banker Played In Fong’s Journey?
• [00:13:48] Joint Venture Deals
• [00:22:17] Most Resonating Aspect Of Become Your Own Banker
• [00:29:19] Meeting Nelson Nash
• [00:37:35] The Power Of Coaches

Joining Jayson & Richard today is long time friend & loving father, The Family Mortgage Guy a.k.a. Curtis Arnold. Curtis has been a client & fellow Infinite Banking practitioner for just over five years. During this time, Curtis has used the available cash value to help fund his real estate business.  Curtis, Jayson & Richard discuss the many benefits of Becoming Your Own Banker. Most people will be in disbelief until they actually do their research & see for themselves how life changing these policies can be. Listen in to hear the importance of starting a Participating Dividend-Paying Whole Life Insurance for kids.

IN THIS EPISODE, YOU WILL LEARN:

• [00:04:23] What Inspired Curtis To Implement The Process Of Infinite Banking?
• [00:10:58] Advice For People Researching IBC
• [00:18:32] Can IBC Survive A Pandemic?
• [00:28:45] How Does It Feel To Be in Control?
• [00:36:03] Most Reflected On Part of Nelson Nash’s Book

Understanding how Participating Dividend-Paying Whole Life Insurance Policies work can literally be life-changing!  Take it from Borysa.  She is the Owner of BOS Events and is an Experienced Event Producer and Consultant.  Because of the Infinite Banking Concept, she has been able to stay calm, cool, and collected financially during this pandemic. COVID-19 has really brought a lot of sadness to our world over the past few months but those who are their own banker have been able to relax a little bit more knowing that they have cash available to them if it’s needed. Tune in to hear Jayson, Richard & Borysa discuss the impact COVID has had on public events and how Borysa has been able to pivot her business with the creation of BOS Industries.

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:12] Borysa’s Entrepreneurial Journey
• [00:11:07] What Inspired BOS Industries?
• [00:14:57] Advice For Female Entrepreneurs
• [00:22:13] Post-COVID Reality For Events
• [00:26:20] Borysa’s Fondest Memory of Nelson

Joining Jayson and Richard today is National Director, Tax and Estate Planning at IDC Worldsource Insurance Network Inc. and fellow Infinite Banker, Frank Abate. As you will hear, Frank is very passionate about helping business owners get free from the Tax Man. Just like Richard and Jayson, Frank has helped many people gain back their confidence and financial abilities with Dividend-Paying Participating Whole Life Insurance Policies. Listen as the guys explain the impact the Infinite Banking Concept has helped change the lives of many business owners and their families.

IN THIS EPISODE, YOU WILL LEARN:

• [00:07:25] Why Do CPA’s Often Miss This Strategy?
• [00:14:00] Why This Works With Business Owners & Their Corporate Plans
• [00:23:53] Tax Advantages
• [00:37:45] What Is Frank’s Inspiration?
• [00:45:56] Who Does Frank Want To Be A Hero Too?

Here we are showcasing another wonderful IBC practitioner.  Joining Jayson & Richard today is fellow practitioner, Sandy Bard. Sandy & her husband, Lance, have been practicing the IBC process for approximately 5 years. She has definitely become accustomed to making the Infinite Banking Concept a lifestyle with her daily progress tracking and, of course, with the implementation of the process itself. Listen as Sandy boasts about the many benefits of having a Dividend-Paying Whole Life Insurance Policy, how it’s helped them through the pandemic & how it’s given them peace of mind.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:49] Sandy’s IBC Journey
• [00:10:05] How The Pandemic Would Have Affected Sandy 6 Years Ago
• [00:16:21] Advice For People At The Very Beginning
• [00:22:35] Has Sandy’s Cash Values Ever Gone Down?
• [00:27:32] How To Take The Same Educational Course Sandy Did

Being a ninja in general is pretty impressive.  But being a Cashflow Ninja is next level impressive. Joining Jayson and Richard today is creator and host of the top-rated business and investing podcast, Cashflow Ninja, the President & Chief Executive Officer of Producers Wealth, a Grant Cardone Certified Coach, an Authorized Infinite Banking Practitioner and member of the Nelson Nash Institute, M.C. Laubscher. M.C. knows first-hand the financial challenges that producers and creators have to face on a daily basis. He has made it both his mission and purpose to help producers and creators create, protect and multiply wealth outside of Wall Street in ANY Economy. Listen M.C. shares how The Infinite Banking Concept has literally changed his life.

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:20] What Inspired The Creation Of Cashflow Ninja?
• [00:09:12] How Did The Infinite Banking Concept Improve MC’s Finances?
• [00:18:06] Biggest “Ah-ha” Moment With IBC So Far
• [00:31:13] Advice To New Business Owners
• [00:35:33] The Decision To Go With Producers Wealth

Joining Richard and Jayson today is none other than Carlos Lara.  Carlos is on the board of directors and founding member of the Nelson Nash Institute. He is also the CEO of United Services and Trust Corporation and the editor of the Lara-Murphy Report, an online publication specializing in financial markets, Austrian economics and Nelson Nash’s Infinite Banking Concept (IBC). He has co-authored, “How Privatized Banking Really Works” and “The Case for IBC.”  In 2013 Carlos co-produced with Nelson Nash, Robert P. Murphy, and David Stearns, the IBC Practitioner Program, which is an educational training course on the theory of The Infinite Banking Concept for Financial Professionals. He is also the Co-Host of the Lara-Murphy Podcast with Robert P. Murphy.

Tune in to hear Carlos, Jayson and Richard reminisce about Nelson and how they all truly believe that IBC is the way to beat the monopoly that commercial banks have on our money.

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:51] Why IBC Remains The Solution To The Problem
• [00:11:09] The Vision Around Creating The 10%
• [00:25:07] Is IBC Foreign To Most?
• [00:35:45] Fondest Memory of Nelson
• [00:42:12] Key Message To Take Away From IBC

Welcome back to another episode in the Client Series.  Today Jayson is joined by clients, David and Trish Price.  Earlier in life, David & Trish were just like the majority of people.  They believed in the “power” of RRSPs.  Even though RRSPs helped them fund things like school for David, they were always left with a declining balance.  Enter the Infinite Banking Concept.  Now, David & Trish are basically debt-free & they have stopped arguing over money!  Isn’t that great!  They have also passed on their knowledge to their family, friends & children.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:50] What Was Life Like Before IBC?
• [00:07:31] Highlights Of David & Trish’s IBC Experience
• [00:15:50] Advice For New IBC Clients
• [00:20:26] Why Work With Ascendant Financial?
• [00:24:23] Advice For Someone Unsure Of IBC

Using The Infinite Banking Concept in Canada you can control your financial life. When people choose to invest their hard earned money, they want to make sure they’re doing it in the most profitable way.  Things like consistent rate of return, easy to follow growth & low interest if they need to withdraw some of the cash flow they’ve accumulated.  The Infinite Banking process easily checks all of those boxes!  Please join Jayson & Richard as they discuss all the amazing characteristics of the perfect investment.  Your financial future will thank you!

With Jayson and Richard today is Co-Founder and Ideas Gardener of Enta Solutions, Kately Bullock.  Enta Solutions is a management system consulting network committed to developing fit for purpose solutions and providing the expertise you need.  They provide custom and functional auditing services, system development, training and workshops.

Katelyn is passionate about innovative and fit for purpose systems that skyrocket her clients to success. With over 13 years experience in Oil and Gas from design, build to operations Katelyn has a comprehensive understanding of the daily operations, management systems and business drivers that help companies succeed.

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:34] What Does Enta Solutions Do?
• [00:13:36] Ideal Client
• [00:22:28] How’s Business?

It’s very important to understand when becoming your own banker to understand the four characters in the financial play.  They are The Depositor, The Borrower, The Banker & The Banker Owner. Each of these characters plays a vital role in successfully achieving your financial objectives.  Tune in to hear Jayson & Richard discuss these four characters, their roles & what each of them can help you achieve.

Who’s ready to get #wokebynate?  Joining Richard and Jayson today are Nate Dean and Brandon Goswick.  Nate and Brandon are using technology to help spread Nelson’s word.  They have taken Twitter over and are using their powers to spread the wonderful words of Nelson Nash and the Infinite Banking process.  The duo live by the ironclad principles that Nelson himself lived by daily.

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:10] Twitter – Why Did They Leverage It?
• [00:07:32] Biggest Difference With Twitter
• [00:32:21] Biggest Transformation Thus Far
• [00:36:15] Advice For Listeners

As you’ve heard many times, your money must reside somewhere.  So why not place it inside of a policy that has uninterrupted growth no matter what?  You may ask, “Well, who are these policies for?  Obviously, if they’re this good, there must be some special criteria that you have to meet.”  The answer to that is simply, “Anyone can own and benefit from an Infinite Banking policy!”

Sit back, relax and listen to Jayson and Richard discuss the many benefits of IBC and how anyone can obtain one of these life-changing policies.

Check out the August webinar replay: https://youtu.be/0rlGVY-lhNw

Joining Jayson & Richard today is good friend Anthony Faso.  Anthony is a family man, army veteran, author, Authorized IBC Practitioner, real estate investor, and self-proclaimed “Recovering” CPA.  After many years in Corporate America, Anthony started his first business then in 2008 happened.  Thankfully this devastating time inspired his journey to begin Infinite Wealth Consultants which combines the teaching of Robert Kiyosaki’s Rich Dad Poor Dad with Nelson Nash’s Infinite Banking Concept.  Anthony teaches his clients to create passive income so they can work because they want to not because they have to.

Tune in to hear Anthony share his take on what is happening in the United States right now with the unemployment rates, the stock market & how people really need to start looking for something to produce a passive income.

IN THIS EPISODE, YOU WILL LEARN:

• [00:04:23] What Do Chartered Accountants Most Often Miss Regarding IBC?
• [00:10:17] Anthony’s Perspective On The Process Of Becoming Your Own Banker
• [00:20:18] How Did Anthony Successfully Communicate The Idea Of Family Banking To His Children?
• [00:29:30] Anthony’s Fondest Memory Of Nelson Nash

Most people don’t like talking about life insurance.  And reasonably so.  Who wants to talk about death?  But in saying that, it’s something that needs to be talked about more because making sure your family is taken care of once you’ve departed is one of the most important things you can do.  Once you implement the process of Becoming Your Own Banker in your life not only will you be taking care of your family when they lose you, you’ll also create a cash balance inside that policy that you’re able to benefit from while you’re still living.

Authorized Infinite Banking Practitioner and friend, Sarbloh Gill joins Jayson and Richard today to discuss the five phases of the Infinite Banking Concept.  Five phases may seem like a lot, but once the guys break it down for you, you’ll realize the simplicity of this process.  That simplicity comes with massive benefits to you and your family. Family banking at its best.

IN THIS EPISODE, YOU WILL LEARN:

• [00:07:06] Phase I – Capitalization
• [00:12:01] Phase II – The Process
• [00:19:11] Phase III – Passive Income
• [00:25:03] Phase IV – Family Banking
• [00:32:43] Phase V – Graduation

We all know that banks and other financial institutions charge interest. They charge us to access their pool of money. As consumers we are taught to focus on the interest rate…but we never spend real time actually looking at the physical dollars of interest cost that will walk right through our hands over a lifetime. This is referred to as the volume of interest. What if there was a way you could pay yourself that interest payment instead of paying 3rd party lenders to access the pile of money they have accumulated? It may not happen overnight but Canadians all over the country are being liberated and saving way more for retirement by implementing the mindsets and strategy of Becoming Your Own Banker.  When you take out a policy loan from your Infinite Banking system, you pay the interest back to your system and return the original loan amount…this capital becomes available to use again in the future. That includes your retirement account. The interest you pay goes back to an entity you are a co-owner of. That same entity is required to constantly increase your cash value inside your policy to grow!  Listen as Jayson and Richard explain the difference between interest rates and interest volume.

Episode Links:

View the Mike Smela FB Post and funny Youtube clip mentioned in the Episode here

https://wealthwithoutbaystreet.com/interestvolume

After taking over the entire investment department of a bank by the age of 19, Caleb Guilliams saw firsthand how 98% of North Americans were financially failing despite “professional” financial advising. After 3 years of traveling the country being mentored by the most successful financial minds, Caleb discovered a better way to build wealth. Leaving his prestigious position at the bank, Caleb founded the company BetterWealth, authored the best-selling book “The AND Asset”, hosts the Better Wealth Podcast, and speaks to thousands around the world. One of the youngest leaders in the industry, Caleb is quickly becoming the new face of finance.

Caleb, Jayson and Richard discuss the importance of compounding, how the Infinite Banking Concept isn’t just about investments or rate of return and how mindset is everything when it comes to creating a better future for yourself and your family.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:33] What Inspired Caleb To Write His Book?
• [00:09:40] How Is Caleb Helping People Navigate Through The Pandemic?
• [00:21:18] Caleb’s Fondest Memory Of R. Nelson Nash
• [00:25:44] Who Caleb Connects With
• [00:34:18] The Problem With Taxes

Brent Kesler was a Chiropractor and Chiropractic coach for over 14 years. After implementing The Money Multiplier Method, Brent paid off $984,711 in 3rd party debt in 39 months. In fact, Brent became so passionate about how powerful this concept was, he began sharing it with others. For the last 7 plus years, Brent has been lecturing to thousands of people around the United States and Canada on the dynamics of the The Money Multiplier Method and helping individuals break the bonds of financial slavery they don’t even realize they are in. Brent’s main goal in making this move was simply to help more people understand how to manage and grow their wealth. He teaches how to take back control of your financial life.  Brent has a passionate belief that whether you make $10/hour or $10,000/hour you should know The Money Multiplier Method and have this powerful information to keep control of your own money.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:12] Brent’s Journey & New Book
• [00:07:41] What Was Life Like Before IBC
• [00:17:38] Advice For Someone Experiencing IBC For The First Time
• [00:28:24] Brent’s Fondest Memory Of Nelson Nash
• [00:46:45] Who Does Brent Want To Be A Hero Too?

James Auclair is a simple family man that has continually been looking for ways to make his family’s limited amount of savings dollars work harder. Realizing that school taught him nothing in the way of savings and finances, he started learning the basics on his own. And although mainstream influences said RRSPs and TFSAs were the way to go, they didn’t always make sense and never did “feel” quite right. With the introduction to the Infinite Banking Concept, James can now both see his family’s path to financial security and feel great getting there.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:52] The Beginning Of The IBC Journey
• [00:07:14] Why Ascendant Financial?
• [00:13:44] RRSPs to IBC
• [00:17:30] Something James Wants People To Know
• [00:19:05] How Have Conversations Changed?

Jos Willard believes you should make your decisions from your values, NOT your bank account balance. Of course, the best way to be able to do that is to have a full bank account. His mission is to help good people build profitable businesses. Creator of the Profit for Coaches system and host of the Profit for Coaches podcast, Jos stands up against the “coaching industry” that preys on service professionals and coaches, providing an escape from the “bro” marketing and coaching “gurus,” of the world. His clients get rewarded for making a positive impact in the world, living from their values, and helping exactly the people they’re meant to serve.

Listen as Jayson, Richard and Jos discuss how the Infinite Banking Concept and Mike Michalowicz’s book Profit First helped get Jos where he is today

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:33] Profit First Journey
• [00:09:31] Before & After Profit First
• [00:14:57] Optimum Mindsets
• [00:22:22] Who Can Jos Help?
• [00:41:30] Who Does Jos Want To Be A Hero Too?

Joining Richard and Jayson today is the power couple, Cherry Chan and Erwin Szeto.

Cherry is an entrepreneur, a best-selling author on Amazon, a blogger, a mom of two young kids and a Chartered Professional Accountant helping real estate agents and real estate investors. Cherry is also in high demand as a public speaker for her tax knowledge.

Erwin is the founder of the iWIN (Infinity Wealth Investment Network) and the iWIN Real Estate.  He has a Top 100 Investment Podcast (per iTunes) and is President of the Hamilton Basket Brigade.

Together, these two help many people become the best versions of themselves while knowing the right way to invest in real estate.

Listen as Cherry and Erwin share their journeys, their Infinite Banking knowledge and how they continuously help people with their charities.

IN THIS EPISODE, YOU WILL LEARN:

• [00:07:41] Advantages Of Communities
• [00:11:12] Erwin’s Real Estate Investing Journey
• [00:16:02] What Compelled Cherry To Embrace IBC?
• [00:31:06] Benefits Of Being An Entrepreneur
• [00:42:16] How Cherry Views IBC

We all know that everyone’s financial situation is different.  But did you know that you can set up a policy to suit you?  Most people don’t and that’s ok.  The most important thing is to not ponder over what you didn’t know but to dive in and learn all the ways you’re able to make your financial situation better.  Our mission is to share the message to Candians that you can improve your wealth without Bay Street.  As you will hear Jayson and Richard say, reading Nelson’s book multiple times is a MUST!  Each time you read it, you will see something you didn't see before.

Remember….it’s never too late to start!

When people think about retirement, usually the first things that come to mind are RRSPs, Tax-Free Savings Accounts, Government funded pensions and/or company pensions.  Why not create your own guaranteed retirement income?  With Becoming Your Own Banker – The Infinite Banking Concept you can do just that.  Now more than ever, we need to take control of our money.  The government is spending money at a record pace and it will need to be paid back.  How do you think this payback will happen?  That’s right – taxes!  It’s time to start the IBC process to shield yourself from this.

Having an Infinite Banking Policy is a wonderful tool to help navigate your financial life not to mention the benefit of knowing your family is taken care of once you have passed.  But, these policies only work if you take care of them.  If you withdraw a policy loan and don’t repay it, then you’re only going to hinder the death benefit that your family is to receive.  Being strict with repaying yourself is crucial to the success of your policy.  Listen as Jayson and Richard discuss the importance of loan repayment.

On today's “Client Series” episode of Wealth Without Bay Street, Jayson and Richard are joined by Liam McGoran.  Liam works as a Design Engineer (EIT) for an engineering firm in Vancouver, BC. Amongst spending time hiking and being outdoors in the Greater Vancouver area, Liam has picked up an interest in macroeconomics and investing. He has especially enjoyed being able to implement IBC as a tool to further accelerate his investing journey. In a world of out of control central banks and big governments people need to wake up more than ever and take control of the banking function in their life. With this new found passion it’s even more enjoyable to spread the word, grow with others and help educate those you care about.

Liam took the time to learn the IBC process and is now living proof the Becoming Your Own Banker is one of the best decisions you can make for yourself, your family and your future.

IN THIS EPISODE, YOU WILL LEARN:

• [00:01:13] How Did IBC Enter Liam’s Life?
• [00:02:30] What Has Liam’s IBC Journey Been Life So Far?
• [00:09:53] Advice For Young People
• [00:15:24] What Is Liam Looking Forward Too?
• [00:16:37] Are People Receptive?

Did you know that you can directly impact the dividends you receive each year by a life insurance company when you own Par Whole life? The policy owner has the largest impact on the dividend they are able to receive in a given year and the ripple effect of every future dividend is directly impacted by the premiums the policy owner puts in.

Dividends are one of the most misunderstood areas of a Participating Whole Life Insurance contract. Jayson and Richard breakdown how these unilateral binding contracts produce dividends. How the dividend impact is just like the growing rings of a tree, it adds another layer each year. Each year you can celebrate a “dividend party” on the anniversary date of each policy you own. There is a great deal of misinformation and focus on rates when discussing policy contracts. Specifically, dividend-scale interest rates. These are, simply put, one of the most misunderstood and misleading areas of a whole life product.

Both the insurance companies themselves and often advisors are their own worst enemy by trying to indicate the dividend scale correlates to the growth or earnings of an individual contract. This simply isn't so. Jayson discusses the annual testing requirements for capital adequacy (LICAT) that has to be done each year for each life company in Canada to meet their obligation and how their accumulated profits are spread out over a number of years to create a “smoothing effect”. This smoothing is what creates stable long term dividend payouts to par owners.

Have you ever seen a tree contract in nature? Never, just like a par policy it grows every year advancing forward. The only thing that can end the growth is the natural death of the life insured in which case you have a tax free payout much greater than what you have contributed into the system or the policy owner choosing to cut the tree down (closing the policy).

Did you know that the biggest tax year you will have is most likely in the year you die? Richard walks you through the impact of your hard earned money at death…who gets the money and who loses? By creating long term cash control, accumulating dividends that keep buying whole life paid up additions, you are ensuring the money is there to pay the final tax bill, providing the time needed to grieve properly. Even more importantly is the remaining assets such as the house and cottage at the lake or rental properties are not forced into a “firesale” position where a lifetime of effort you took to build everything up is torn down to raise the money required to pay the tax man. In order to solve this you need life insurance…but if you plan to live a long time then the insurance has to be in force… the only way to make that happen is to have permanent coverage such a Par whole life that increases your tax free payout every year you own it as long as it's setup correctly.

Back for a second time on the Wealth Without Bay Street Podcast is Senior Wealth Architect and Team Developer, Sarbloh Gill. Sarbloh is an expert in his field and is recognized as one of the top Infinite Banking Practitioners in Canada.

In this episode, the guys talk about the importance of focusing on redirecting your money back into your own personal banking system.  Sit back and think about where the majority of your money goes each month.  That’s right!  Bills.  You're spending your time working to pay someone else for something you purchased. Your time is irreplaceable.  So why not pay yourself for something you purchased?  By implementing the process of Becoming Your Own Banker, you can do just that!

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:32] What Is The Time Value Of The Banking Function?
• [00:13:07] Common Reactions From The General Public
• [00:27:58] Are People Thinking About The Problem The Right Way?

CLIENT SERIES EPISODE:

Scott Wilson high school teacher who began investing in real estate 6 years ago, specifically student rentals.  After accumulating a number of houses Scott began to look for other opportunities outside of real estate.  He was introduced to IBC by his cousin, Peter Lount, a couple of years ago.  It took Scott about 6 months to begin to understand how this concept could benefit his investments along with his everyday living expenses. Using IBC has allowed Scott to find new opportunities along with having security with his existing investments.

IN THIS EPISODE, YOU WILL LEARN:

• [00:02:26] What’s Life Been Like Since Implementing IBC?
• [00:14:53] How Has The Financial Outlook Changed For Scott’s Family?
• [00:20:36] What’s Next For Scott?
• [00:32:39] Taking Out Policies On People You Love

CLIENT SERIES EPISODE:

Shaun lives in the Niagara Region of Ontario, where he lives with his wife and two sons. He has been a Youth Worker at a youth detention facility for nearly 20 years. Shaun first heard of Infinite Banking years ago but at the time thought it was something for wealthy business owners only. In 2020 he rediscovered the concept while on Twitter, and very quickly went all in learning more. Shortly after that, he was connected with Richard Canfield and started his first policies. Shaun has a passion for helping people learn about personal finance. As a Dave Ramsey trained financial coach, he taught people that “cash is king”. Now that he understands the Infinite Banking Concept, Shaun gets great joy out of showing people that IBC is for anyone, and the truth that CashFLOW is King!

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:51] Shaun’s journey getting out of debt and becoming a financial coach
• [00:08:18] Rethinking what you know about personal finance
• [00:17:23] The fulfillment of being your own banker
• [00:24:05] Creating the Iron Bank

From Fort Worth, TX, James C. Neathery is recognized as a leading life insurance professional and general agent in the United States with over thirty years’ experience in the financial world and over sixteen years of experience personally and professionally practicing the Infinite Banking Concept ®. He is a disciple and student of R. Nelson Nash, a member of the Million Dollar Round Table, sits on the Field Advisory Council for Lafayette Life Insurance Company, is the Executive Producer of the Banking With Life DVD, and hosts The Banking with Life Podcast. He sits on the board of directors for Apologetics Resource Center as well as the board of directors for the Alvarado Chamber of Commerce. He is the CEO of James C. Neathery & Associates Inc. which has provided successful financial guidance to thousands of clients.

IN THIS EPISODE, YOU WILL LEARN:

• [00:03:00] James’ journey going from a life insurance agent to becoming an infinite banker
• [00:18:22] Cancelling out sensationalized advice in the financial industry
• [00:39:05] The simplicity of combined policies recommended by Nelson
• [00:47:15] Changing the mindset of how you manage finances for the rest of your life

CLIENT SERIES EPISODE:

Stephen Wenzel is a world traveller, music director and yoga teacher, real estate investor, and 2-time Survivor of Stage 4B cancer. He had long been looking for a way to escape the banking system, which is how he ultimately found The Infinite Banking Concept in 2019. Since then, he has opened two policies for his IBC System. He has paid off multiple debts using IBC, including a rental property mortgage, invested in other asset classes (precious metals, paper assets), and listened to EVERY SINGLE Wealth Without Bay Street episode to date. In this episode, Stephen discusses the importance of consistently saving and investing money every month and how anyone can get ahead in the game of money by starting with a solid foundation of financial education and mindset. He’s also a living example of the importance of having an emergency fund in place for unexpected events – like two bouts with Stage 4B cancer. Anyone can learn from Stephen’s powerful story to ensure you have protection, a plan, and a way to see your money continue to grow regardless of what life throws at you.

IN THIS EPISODE, YOU WILL LEARN:

• [00:04:56] From the greatest skeptic to an IBC believer
• [00:10:05] Stephen getting diagnosed with cancer
• [00:19:30] Saving money towards what is important in your life
• [00:27:00] The process of IBC is more caught than taught

What happens if you die without a will? What are the major pitfalls and problems that can happen if you don’t draft a will that works in your jurisdiction. Find out how to save money, time and see your final wishes come true with our special guest, estate lawyer Angela Yee-Hamshaw.

Born and raised in Calgary, Angela has been practicing law since 1999, having worked in the wealth management division of two major financial institutions, the Government of Alberta in the Office of the Public Trustee, and her own firm which focused primarily on Wills & Estate practice, before bringing her experience to Masuch Law LLP in 2018. Having served the range of both high net-worth clients and in-need Albertans, Angela’s detailed and thorough approach to planning for clients from all walks of life, and compassion in dealing with estates when dealing with a loss is evident in her successful practice in the last two decades. Angela is very personable and her ability to relay complex legal concepts to clients is the hallmark of her long career.

IN THIS EPISODE, YOU WILL LEARN:

00:00 Introduction

01:38 What would happen if you didn’t have a will

05:32 Not all wills are equal – How to divide assets effectively.

12:37 How often to review your will

31:47 The value of life insurance in your will

How can you have a virtual CFO? How can you add turbo boosters to your growing business to 5X, 10X your business by having the right team of experts around you? Drive results, track them so you can see a real trajectory as you build profits. Make data-driven decisions that help you build momentum. Enter The Wealthy Entrepreneur Formula.

Robert Gauvreau is the founder and award-winning business advisor at Gauvreau & Associates CPA, a firm that specializes in working with entrepreneurs to provide them with financial clarity and guide them on their pathway to achieving extraordinary financial results. Most recently, Robert has authored the book “The Wealthy Entrepreneur – The Formula for  Making Money and Gaining Financial Clarity in your Business” which is launching on April 6th 2021.

Robert and his team currently work with more than 500 entrepreneurs helping them with their accounting, taxation, and bookkeeping needs, along with providing a virtual CFO program that helps entrepreneurs establish their criteria for achieving financial results and guarantees business success. Robert’s business expertise has been featured in Forbes, Business Insider, Authority Magazine, Yahoo Finance, MoneyGeek, and NBC among other prominent financial publications. Robert has also been a guest on Good Morning Texas and Breakfast Television.

Check out Roberts event with #garyvee (Gary Vaynerchuk) on April 9, 2021 – register to attend here: https://wealthwithoutbaystreet.com/ascent-summit

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

4:04 The idea behind setting up the virtual CFO program

9:27 The key message behind Robert’s latest book

18:18 The mindsets and values of entrepreneurs working with Gauvreau & Associates

28:48 Robert’s entrepreneurial journey

33:10 Challenges as you start your business journey to overcome

34:20 Buying another business can have hidden landmines

40:32 Why Robert wants to be a hero to entrepreneurs

CLIENT SERIES EPISODE:

Life took an unexpected turn for Jean that drained out his pension funds and RSP’s as well as max out his credit cards. The lack of control over his investment liquidity and getting taxed on every withdrawal was what moved Jean towards IBC. Jean has now been practicing IBC for the past few years and it has helped him clear off his credit card debts, pay off various household expenses as well as give him hope for the future financially.

Jean is a dedicated family man that has been married to his wife, Shelly for 31 years. He has a daughter that lives in Fort McMurray. He has been a Power Engineer for over 20 years and is currently working as a Training Coordinator for a major oil company looking after the training needs of all the staff at two SAGD facilities near Conklin, Alberta. He currently lives in Edmonton and enjoys many hobbies including golf and music and especially loves all things IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

5:54 Jean’s journey with IBC

12:49 New golden nuggets Jean finds every time he revisits Nelson’s book

18:44 The before and after of joining IBC

24:41 Experience attending “The Annual Infinite Banking Think Tank Conference”

How should you go about selling the business that you worked so hard to build? What are the steps you must take to ensure that you are able to capture maximum value while exiting your business? We have John Warrillow for you today.

John Warrillow is the founder of The Value Builder System™, and author of the bestselling books:

• Built to Sell: Creating a Business That Can Thrive Without You
• The Automatic Customer: Creating a Subscription Business in Any Industry
• The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top.

Warrillow is also the host of Built to Sell Radio, ranked by Forbes magazine as one of the world’s 10 best podcasts for business owners. Before founding The Value Builder System, John started and exited four companies, including one acquired by a public company. He lives with his family in Toronto.

Get Warrillow's latest book, The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top: https://wealthwithoutbaystreet.com/theartofsellingyourbusiness

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:20 The idea behind John’s new book

6:43 The freedom entrepreneurs experience when selling their companies

14:18 The message behind “Built To Sell”

27:39 The Value Builder software to valuate your company

37:00 Who John wants to be a hero to

Is your relationship with money complicated? Do you find yourself working hard and yet have only a little money in your account once all your dues are cleared? In today’s episode, Lisa Campbell talks about the strategies to make your business more profitable.

Traditional accounting and bookkeeping services are transactional, where an accountant would be paid a fee to do the books and prepare your taxes. Most accounts do not help consult their clients on maximizing profits. Lisa helps guide entrepreneurs & bookkeepers to skyrocket their confidence, cash flow, and freedom with money, mindset & positioning tools to help them prosper exponentially.

Lisa is the owner of The Marcam Group, a profit strategy bookkeeping firm, Head of Mentoring North America for the Successful Bookkeeper, and creator of the Accelerate 2 Advisor Mastermind program. She is certified in the Profit First method and has years of hands-on experience increasing the profits for multiple businesses, and collaborating with other Profit First Specialists throughout the globe.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:14 The clientele that Lisa serves

3:41 Lisa’s journey in business and starting with Profit First

11:18 Training the trainers in financial and profit coaching

15:10 The message of Lisa’s new book

20:15 Pivoting your business through Covid-19

26:24 The power of constant learning and coaching

38:57 Who Lisa wants to be a hero to

CLIENT SERIES EPISODE:

David Klein, 36 year old, has been a police officer for the past 13 years. He and his wife, Devon, have two boys and live in Alberta, Canada. David’s father worked for the CRA so RRSPs and cash in the bank were some of the key financial lessons that were taught in the Klein household growing up. David was introduced to IBC nine years ago. Thinking that IBC was a scam and sounded too good to be true, he spent nine months researching it and looking for loopholes that could exist. Not being able to find any, David finally started off with one policy that he used to pay off his car. David now has over four policies, paid off for two cars and the mortgage on their primary home. He also owns four other rental properties, all with his current income because of IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:10 How David became his own banker

5:25 The impact that IBC has had on David’s life

12:15 Getting started with IBC

19:04 David’s recommendation to people considering whether to start IBC

22:28 Nelson Nash’s five golden rules

25:29 The multigenerational impact of IBC

Mary Jo Irmen is the author of the book Farming Without the Bank and a Farm Finance Strategist. She is changing how the farming industry is financed and helps farmers see that there are financial solutions for them and the next generations. Mary Jo's mission is to take a 100-year-old financial process and turn it around by making the bank plan B rather than plan A, give farmers their financial control back, and allowing the next generation to take over without having to buy the farm from the bank again.

Get your copy of Life Without The Bank: https://wealthwithoutbaystreet.com/life-without-the-bank

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:30 Why business owners are frustrated with banking system finance

5:29 What inspired Mary to write Life Without The Bank

12:02 The lack of control when contributing to retirement saving plans

16:58 The key message of Life Without The Bank

21:22 Key man insurance for when a business partner dies

Why do you do what you do? What is your vision and mission? David Schmeikal is a master storyteller and brand strategist that helps businesses and entrepreneurs find their purpose, communicate their story and develop culture within their organization. Based out of Alberta, Canada, David has worked with businesses to facilitate and coach them through a journey of transformation and creating meaningful work. He is the host of The Gyst Life podcast. In today’s episode, David talks about the process that he takes his clients through in building long-term vision, creating a personal brand and, developing a high-impact organizational culture.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:12 The framework and value of David’s work

30:13 David’s advice to business owners and entrepreneurs

24:31 Building core values in your organization

28:39 A guide to having a vision and transitioning well in your business

34:11 Who David would like to be a hero to

Your business might be doing well, but is it valuable? The majority of modern entrepreneurs often prefer to sell their businesses before retiring and provide themselves and their children a pool of capital to settle with. Stephen Cummings talks about some of the common pitfalls business owners face while trying to get a good valuation and sell their companies, as well as how to navigate exiting a business with a great deal.

Stephen is CEO and General Managing Partner of Rizolve Partners, a strategic business consulting practice advising clients on value-creating strategies and establishing profitable and sustainable growth. He helps build value to private companies to ensure easier transferability and planning for and execution of strategic transactions and liquidity events to realize value.

Stephen’s career has foundations as a financial expert focussed within the investment industry. He has held leadership positions with top quartile performing private equity and venture capital firms investing institutional capital across the globe. Prior to that, he was the CFO at a global publisher. He trained and qualified as a Chartered Accountant with Deloitte in London, UK. Stephen is a member of the Board of Directors of Ontario Genomics and is Chairman of the audit committee.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:53 Common pitfalls when trying to sell your business

12:19 What happens when you have to exit a business but cannot sell

15:42 The path to preparing for valuing and selling your business

21:38 Learning how to maximize the value of your company early on

32:21 Understanding the market trends while selling your business

41:14 Who Stephen wants to be a hero to

CLIENT SERIES EPISODE:

From an IBC skeptic to an IBC champion, Cory Chittenden joins us today on our Client Series to talk about his journey incorporating IBC for himself and his business. Cory and his wife, along with their three children live in Saskatchewan, Canada. Cory has owned a business for 25 years that specializes in communication services for residential and healthcare clients. He had been researching IBC for over two years before he finally decided to take the plunge and get his first policy. Now he advocates within his circle for the impacts of IBC in providing readily available capital and the incredible opportunities that have come his way because of it. Cory has also adopted IBC as the banking function for his business which he covers in this episode.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:30 How Cory met his Infinite Banking Coach, Dan

6:32 Starting off practicing IBC

11:02 Advice to business owners about IBC

17:28 Opportunities that come from windfall gains through IBC

25:42 Cory’s journey through IBC and his future in it

28:46 Recommended books on IBC

33:56 Who Cory wants to be a hero to

What are whole life insurance dividends? How do they work? What is the Dividends Scale interest Rate and how does it actually show up in a policy? These are great questions and you are in for a treat as Jayson and Richard go on a rant in a rare episode where they share the screens and show a sample life insurance illustration. They use this to debunk some myths about dividend rates and rates of return that are commonly referred to as financial noise out there in the marketplace. Learn what really matters in an insurance contract as they prove to you that it's the owners' behaviors that have the single greatest impact on the values in a policy contract and that the owner by their own efforts can increase the power of dividends they receive.

Links From The Video:

The Contribution Principle Dividend Policy

1. https://www.equitable.ca/en/already-a-client/dividend-policy-2020/
2. Stock Company #1 – Dividend Policy https://www.sunlife.ca/en/explore-products/insurance/life-insurance/participating-and-adjustable-policyholder-information/dividend-policy/
3. Stock Company # 2 –  Dividend Policy –https://www.canadalife.com/content/dam/canadalife/documents/insurance/par-whole-life-insurance/en/Policyholder_Dividend_Policy.pdf
4. Fraternal Company # 1 Dividend Policy – https://www.foresters.com/-/media/foresters/documents/pdfs/en-ca/505125-can-us-uk-foresters-dividend-policy.pdf
5. Actuarial Standards of Practice https://www.actuarialstandardsboard.org/wp-content/uploads/2014/06/asop015_134.pdf

OSFI – Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders

https://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/e16.aspx

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:11 Understanding deeper about Dividend Paying Whole Life Insurances

4:11 The misconception about interest rates

8:18 Dividend Paying Life Insurance Carriers: Mutual vs Stock

13:57 The contribution principle

21:31 Example 1 – Screen Share

47:50 Example 2 – Screen Share

58:24 The historic profitability and resilience of life insurance companies

Get your FREE COPY of THE AND ASSET FOR CANADIANS: www.andasset.ca

Have you been led to believe that you have to choose between compounding interest or liquidity control when it comes to finances? In this episode, Caleb talks about the “and” asset which becomes the foundation to an individual's financial management and breaks them out of the trap of making “or” choices and having to compromise.

After taking over the entire investment department of a bank by the age of 19, Caleb saw firsthand how 98% of North Americans were financially failing despite “professional” financial advising. After 3 years of travelling the country being mentored by the most successful financial minds, Caleb discovered a better way to build wealth. Leaving his prestigious position at the bank, Caleb founded the company BetterWealth, authored the best-selling book “The AND Asset”, hosts the Better Wealth Podcast, and speaks to thousands around the world. One of the youngest leaders in the industry, Caleb is quickly becoming The New Face of Finance.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

4:01 The inspiration behind writing The AND Asset

12:44 Caleb’s story growing up and reaching where he is now

16:59 The importance of having financial control in your life

23:34 The takeaways from The AND Asset

26:30 Sixteen ideal benefits to a great Asset

34:03 Caleb’s inspiration as an entrepreneur

37:33 Caleb’s message for Canadian’s listening to this episode

Lawrence W. Reed became President of the Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. He previously served for 21 years as President of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time at Northwood University in Michigan and chaired its department of economics. He holds two honorary doctorates, one from Central Michigan University and Northwood University. Reed has authored nearly 2,000 columns and articles in newspapers, magazines and journals in the United States and abroad. He has authored or coauthored eight books, the most recent being “Was Jesus a Socialist?” and “Real Heroes: Inspiring True Stories of Courage, Character and Conviction”.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:21 The connection between liberty and character

10:36 The importance of personal responsibility in dealing with money

12:36 The power of the entrepreneur

21:57 Stories of remarkable entrepreneurs that have been forgotten

28:22 About Larry’s life and work

35:27 The risk of hyperinflation when expanding money and credit

Get a headstart with IBC. Justin Dubeau started IBC at 25 years old and has now been practicing for 5 years. He works as an oil field operator at an oil field and has a wife and two children. On today’s episode, Justin talks about the benefit of starting IBC early on and being able to purchase life insurance policies not only for him and his wife but also for their two kids in order to ensure that he passes on a wealthy inheritance of knowledge and capital to his children. Death comes inevitably to us all, and having these systems in place can take care of the family financially and allow them to take the time to grieve.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:28 How Justin got started with IBC and how life has been since

3:15 The advantages from his first few policies

5:24 The ease of life when you have financial control

6:14 Is it really beneficial to use dividends to pay policy premiums?

11:44 Justin’s message to Wealth Without Bay Street listeners

14:40 The future is exciting when you are practicing IBC

16:09 The worry free life knowing that your kids will be taken care of

19:20 Policies setup for children help to transfer both capital and knowledge

26:49 Who Justin wants to be a hero to

Launching Wealth Without Bay Street’s Advisor series, Cole Snell is an advisor with Ascendant Financial. As a career entrepreneur, his work has spanned decades in the Health and Wellness and Specialty Food spaces. Recognizing the common bond of money in all businesses, Cole now aims his sights and passion on the financial industry. He truly has a passion for innovation.

Serving people has become one of Cole’s motivations in life as he takes his clients through the same journey of discovering IBC as he went through. He feels the best way to serve others is through the blessing of financial literacy. His goal is to help people who break down the fear of finance.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:02 Cole’s discovery of IBC

5:53 How different life would be if Cole discovered IBC as an entrepreneur

8:09 The mindset Cole strives to develop as an advisor

10:27 What Cole is like outside of work as an advisor

12:21 Cole’s recommendation to people considering IBC

14:43 The journey of growth and learning through mentorship

18:37 Improving my level of awareness about IBC

20:44 The favourite moments in a client journey

22:10 Cole’s mission

24:01 Dealing with misinformation about IBC

27:33 Closing remarks for listeners

29:13 Who Cole wants to be a hero to

Are you paying too much tax? On today’s episode, we have the founder, president and CEO of MrTaxes.ca Inc. Robert Stone has been an income tax professional since 1983. Roberts career began in 1983 while still in high school where he was paid to complete his first tax returns for friends and family. Since then, Robert has formed www.MrTaxes.ca which is a Canadian based federal franchised accounting office which specializes in personal and corporate tax and includes other financial services such as financial planning, insurance, investments, mortgages and real estate. Robert has been a national presenter for  www.CCH.ca, was a founding contributor for www.CTPCanada.ca, opened 42 tax service locations by 2015 and is currently leading the franchising efforts of MrTaxes.ca Franchising Inc. across Canada.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:53 The mission of Mr. Taxes

3:27 The overlooked ways of how to save tax

8:27 The process Robert helps support his clients with

12:21 The inspiration behind writing The Tax Savings Bible

16:46 Blindspots that Canadians need to be aware of

24:16 Tax advantages for business professionals to leverage

27:22 The issue with capital gains tax for everyday Canadians

29:38 Who Robert wants to be a hero to

On today’s episode, Jayson Lowe and Richard Canfield talk about the importance of coaching while practicing IBC. The advisors at Ascendant Financial are passionate about coaching their clients through the IBC process. A new portal on the Ascendant Financial website has been launched to help clients learn and practice the process of Becoming Your Own Banker. With anytime, anywhere access, you can watch masterclasses, read client success stories and access a vault of valuable training and information on how to practice IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

4:33 Ascendant’s client online portal

7:33 The advantage of resources and support readily available

10:00 Practicing and planning IBC with your family long term

16:17 Having a coach to guide you through the IBC process

21:55 Visit https://dayofnelson.com/day to learn insight and wisdom from R. Nelson Nash

25:00 De-noise the financial noise around you

Back on the Wealth Without Bay Street’s Advisor series, Sarbloh Gill is an advisor with Ascendant Financial. He was introduced to Jayson Lowe by a placement agency based in 2015 and was introduced to the book “Becoming your own banker – unlocking the infinite banking concept by Nelson Nash”. Six years later, Sarbloh is now an Infinite Banking Coach with expertise in implementing the process of becoming your own banker to help Canadians obtain the objective of paying off debt while creating wealth at the same time. He takes pride in coaching new advisors joining the Ascendant team as well.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:57 How Sarbloh discovered IBC

9:18 Sabloh meeting Jayson Lowe and joining Ascendant Financial

14:39 The optimal mindset of clients Sarbloh loves to work with

17:27 The impact of adopting IBC into your family and life

19:18 Sarbloh’s stories with Nelson Nash

23:00 Helping people discover the key problem

25:30 How Sarbloh loves serving his clients

27:51 How the Wealth Without Bay Street Podcast has helped many people gain knowledge and practice IBC

Do you want to learn the strategy to exponentially boost your sales? Elliott Bayev and Daniel Moskowitz take a combined 50 years experience in Brazilian Jiu-Jitsu and building 8-figure sales teams and bottle it up inside a powerful new International Bestselling book: Sales Jiu-Jitsu – The Secret Black Belt System for Champion Leaders. Elliott Bayev is a second degree black belt and has more than thirty years of martial arts experience with twenty-four in Brazilian Jiu-Jitsu. Daniel Moskowitz has been in sales for twenty-five years. Daniel currently serves as the director of sales at Advance Your Reach, which he helped grow into an eight-figure, privately-held company.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:02 About the Sales Jiu Jitsu Book

5:07 How to be a Champion Leader

11:09 The before and after Sales Jiu Jitsu

14:48 Pre fight strategy insights

20:40 How to win the fight

43:40 How to future cast and cement your win

Would you like to retire with a million dollars saved up? Everybody has to have their savings and money reside somewhere. In today’s episode, we talk about the difference between a Whole Life Policy as compared to an RRSP for storing your million-dollar retirement. One of the things many Canadian citizens do not take into account is the tax dues, lack of control, and risk of market downturns that can adversely affect your retirement fund and become a major pain point for a person once they have retired.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:56 Retirement with a million dollars in an RRSP vs a Whole Life Insurance

9:56 The power of financial control with a tax-free account

16:37 Going into business with Revenue Canada

19:25 Canadian’s are tired of being overtaxed

21:38 Market dips in RRSP accounts

Back on the Wealth Without Bay Street’s Advisor series, Liz Lamond is an advisor with Ascendant Financial. She discovered IBC after investing in real estate through mortgages for many years and discovered a better way of managing the banking function in her life. Since then, she now helps her clients reduce the financial stress in their lives by guiding and coaching them through the infinite banking process. Getting to help people with a solution that works for their personal and business lives and makes a difference to their long-term planning and provides for their family's needs now and in the future. Liz came to IBC from the healthcare industry and now coaches her clients back to financial health.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:06 How Liz discovered IBC and her journey implementing it

7:38 The optimal mindset of clients that Liz loves to work with

10:22 What inspires Liz the most about IBC

13:37 The connection between financial frustration leading to freedom in IBC

17:56 Liz’s advice to potential IBC Advisors

19:52 The importance of being a learner through the IBC process

24:15 Who Liz wants to be a hero to

David Stearns is Nelson Nash's son-in-law. In 2004, David was brought on by Nelson to help with the administrative side of Infinite Banking Concepts, and went on to lead the company to continue the IBC legacy. David oversees the distribution of Becoming Your Own Banker and Infinite Banking Concept materials working to spread the message of becoming your own banker and educating audiences on how they can start practicing IBC. David has been the director of the Nelson Nash Institute since the formation of the Institute in 2013. He retired from the U.S. Army as a Lieutenant Colonel after serving for 27 years, first as a field artillery officer, then as an Army aviator. He is married to Kimberly Nash Stearns and has four children and eight grandchildren, living in Birmingham, Alabama.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:28 Launching “This Is Nelson Nash” film

8:01 How David Stearns understood IBC for the first time

11:26 About the Nelson Nash Institute

15:40 The growth of IBC advisors and practitioners through 2020

30:48 Understanding the importance of policy design

33:36 Sharing IBC with family members

42:43 Developing a system of policies

50:23 Who David would like to be a hero to

David Barnett loves to say that it took him 10 years to unlearn what he was taught in business school.  University had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business. After a career in advertising sales, Barnett started several businesses including a commercial debt brokerage house.  Helping to finance small and medium sized businesses led to the field of business brokerage. Over several years, Barnett sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor. Barnett regularly consults with professionals and banks on business and asset values.  Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses.

FREE E-BOOK GIVEAWAY: https://dbarnett.gumroad.com/l/21stup…

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:23 How David got on the journey of helping entrepreneurs

12:25 Positioning a business to be attractive for buying

15:57 Top 5 reasons why business go for sale

19:30 Mistakes that sellers often make

23:46 The “dream” of selling a small business for $1 million

25:07 Development of small businesses in Canada

30:03 Understanding the terms of sale

37:07 The role that insurance plays in business and transferability

45:10 Who David wants to be a hero to

CLIENT SERIES EPISODE:

We are back with the Client Series on this week's episode. Shawn Quiggs is an Ontario real estate investor lawyer and infinite banking practitioner living in Toronto who comes from humble beginnings in small town Ontario. Prior to his career as a lawyer, he worked for the federal government in immigration enforcement which is where he began to question how his life was taking shape. From there, he moved to Windsor, Ontario for law school where he accidentally started investing in real estate, added a master of business administration, and eventually landed in Toronto for a short but sweet Bay Street law gig, finally transitioning into his role at Carson Law helping Ontario real estate investors do cool things and generate wealth. Shawn’s partner Amber – also an IBC practitioner – and their puppy Pluto live in the lively High Park area of Toronto and can be found hiking in the park or at the dog park.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:37 How Shawn found IBC from real estate investing

5:46 Applying IBC into real estate business

8:41 Shawn’s experience with Infinite Banking so far

12:06 Shawn’s advice to people contemplating IBC

13:38 Optimum mindsets for Sarbloh to mentor

17:06 IBC is meant to be a way of life

18:30 The importance of learning and access to resources

21:09 How Shawn expanded his IBC system

23:29 The simplicity of managing policy payments

29:33 Shawn’s experience connecting with the IBC community

42:26 Who Shawn wants to be a hero to

On today’s episode of the advisor series, Roman Pushkar joins to talk about his journey with IBC after migrating to Canada from Russia. Roman worked in banking and insurance for over a decade in Moscow before discovering IBC in Canada. The main dilemma that he faced as a banking and insurance advisor was the tradeoff between financial growth and liquidity, not realizing that the answer was before his very eyes in whole life policies. Roman is now an IBC practitioner in Winnipeg and on team at Ascendant financial as an advisor. He loves working with people and helping them discover, understand and embrace a straight way to regain control of their finances through the Infinite Banking Concept. Right from the beginning, Roman adopted IBC for all his children and is teaching them early on how to become their own bankers. When he is not working, Roman enjoys spending quality time with his wife and seven children, going out camping and fishing.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:28 How Roman got introduced to the Infinite Banking process

9:46 How Roman has personally implemented IBC as an advisor

15:54 Your children see the passion and mindset that you practice

19:12 Managing finances and practicing IBC with international exposure

26:21 Advocating IBC among international communities in Canada

30:27 The mindsets needed for practising IBC

32:29 Who Roman wants to be a hero to

Have you ever wondered how companies get their websites right at the top of a Google Search Engine? Over a decade ago, Damon Burton beat a billion dollar company by outranking their website on Google. Since then, he has gone on to build an international search engine marketing company that has worked with NBA teams, and Inc 5000 & Shark Tank featured businesses. In the decade of running a global team, he’s never met any of his team in person. Burton can speak on how to manage a remote team, as well as how he approaches dedicating time to family and balancing it all. Since founding his company SEO National in 2007, he writes for Forbes, has been featured in publications including Entrepreneur Magazine, BuzzFeed and USA Weekly, and has helped high-profile clients make more in a month than they used to in a year.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:43 What inspired Damon to write “Outrank”

4:18 The evolution of SEO

9:15 Are large companies buying into digital marketing

12:46 The difference between SEO and Paid Ads

23:01 Insights for running a company with a remote team

28:44 Strategic posting time to further your LinkedIn engagement

30:44 Community support by Damon Burton

39:20 Getting featured on Forbes magazine

43:54 How to decide whether an SEO company is good

46:46 How Damon got into giving back and community work

The Capital Dividend Account For Canadian Businesses is a huge Tax Advantage Secret in Canada!

Can you stockpile capital inside of a Canadian Controlled Private Corporation (CCPC) and then exit it tax-free? The answer is yes, it's all in the strategy you use to make it happen. Your corporation pays for it, and you get to use it, more importantly, it can pass on a legacy far greater than just life insurance. It can allow you to extract critical assets and maximize the value to your estate.

Richard Canfield and Jayson Lowe of Ascendant Financial discuss the Corporate Insured Retirement Plan and the key advantage of the Capital Dividend Account.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:30 Case study example of a corporate account

10:26 Tax free withdrawals from your policy account value

16:58 Exercising your capital dividend account credit

20:44 Working with an experienced advisor and team

26:38 Understanding where to reside your wealth and company resources

On today’s episode of the Advisory Series, we have Alberta-based Ascendant Financial advisor, Dan Allen. Dan is a wealth specialist and an independent insurance broker. As an Authorized Infinite Banking Practitioner he has expertise in working with professionals, business owners, and farmers, with a strong focus on helping them transform their financial future and achieve their financial goals with his unique approach tailored towards the journey of Individuals and business owners. His expertise lies in understanding your unique situations, goals and finding opportunities and solutions that solve multiple problems through the use of the Infinite Banking Concept, including how to control the banking function and how to identify primary risks in retirement and avoid market downturns while protecting their life savings.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:58 How Dan became his own banker and a authorized practitioner

6:17 Starting a new career and life through IBC

12:26 Becoming my own banker in my 50s

15:31 The joy of helping people through IBC

17:48 Listening to Nelson’s last presentation on IBC

19:46 Dan’s recommendation to those who are considering becoming their own banker

25:08 It’s never too late to start practicing IBC

28:23 Who Dan wants to be a hero to

The Pirates of Manhattan author Barry James Dyke is The Economic Warrior, with his epic research into the darkest reaches of the banking industry and private equity firms. Barry has been at the forefront of exposing the banking truths that are happening behind the scenes as massive amounts of capital flow through the largest investment and commercial banks and private equity firms. Government Printing and spending, fractional reserve lending, and large pension funds taking over major insurance companies so they have access to liquidity and much more is discussed in this episode.

This bestselling author of 3 books and featured in a documentary film to be released in October 2021 has much to say about the safest place in the world to stockpile your capital, and how to protect and preserve what you have spent a lifetime working for.

Access Barry's Books in Canada here: https://shop.ascendantfinancial.ca/shop/?LeadSourceId=427

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:34 Sharing the message of IBC along with Nelson

8:08 Insights from the “Guaranteed Income” book

10:10 Bank owned life insurance

17:19 Regulated and secure investing by Life Insurance Companies

23:01 SPACs Companies

28:19 Don’t leave your retirement fund at risk

30:20 Only invest in financial products that you know about. Educate yourself on it.

35:25 The Pirates of Manhattan book

40:01 Heading into a financial crisis

45:11 Insights from Barry’s recent research

54:59 The Economic Warrior show

1:02:24 Who Barry wants to be a hero to

In this episode of the advisor series, Peter Lount is a licensed IBC practitioner and advisor with Ascendant Financial since 2019. He helps households and businesses to focus on their goals and passions by eliminating concerns about money through coaching people on how to control the banking function in their life. He got into IBC because he wasn't happy with his job and financial strategy and was seeking more freedom and control in both areas, leaving the traditional method to find something better. With a voracious appetite to seek and learn, he was led to IBC and the Ascendant team, practicing it on his own life for a couple of years before deciding to make the shift to becoming an advisor.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:10 How Peter got started with practising IBC

5:58 Investing in learning and personal development

8:41 IBC Think Tank conference

11:46 The more you see you didn’t see

14:42 Advice to people considering IBC

16:45 Peter’s biggest learning takeaway from Nelson Nash’s book

19:59 The impact of R. Nelson Nash

23:32 Who Peter wants to be a hero to

Gina Yarrish helps business owners and entrepreneurs get over the fears of selling, self-sabotage and reluctance so they can easily double and triple revenue all with a 1200-pound package. She is the founder and CEO of Yarcot with a 30-year career leading her million-dollar real estate business to where she is today. She has spent the past two decades studying human behavior, selling tactics and stress. She is the author of the #1 Best Selling Book – Harness Your Purpose, Power and  Peace. The bottom line: Gina believes peace, happiness and health comes from within and unless you’re conditioning your thinking then you get what life offers instead of what you deserve. Her gift of breaking down emotional barriers to selling from the heart, having healthy conversation and stimulating the growth and economy. Through her contagious, positive and uplifting energy Gina will leave you inspired and motivated and hungry for more.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:54 What inspired Gina to write her bestselling book

10:26 The key message behind “Harness Your Purpose, Power and  Peace”

12:59 Understanding life coaching through working with horses

19:30 Quieting the mind and the mouth

24:37 Tips on real estate investing

33:24 Creating pitches that attracts leads and referrals

40:21 Who Gina wants to be a hero to

CLIENT SERIES Epsiode:

On today’s episode of the Client Series, Curtis Arnold is a celebrated Mortgage broker and real estate investor for almost 20 years based out of Calgary, Alberta. He is currently a mortgage specialist with Quantus Mortgage Solutions. Discovering IBC has helped Curtis build a steady and accessible capital pool that has helped him diversify his portfolio from real estate to a range of investments as well as ensure that each of his holdings is sustainable and within control. He recently started taking a course on “Land Development As A Profitable Investment” and started a company in April, already profiting on a Land Development Deal. He grew up on a farm in Sask and is the father of 3 lovely daughters and married to his beautiful wife for 11 years this year.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:08 The role of IBC in real estate investing

3:30 The power of capital on demand

6:37 Going through the cycles of the market

10:40 Understanding the value of insurance

21:05 Getting into the real estate business

29:32 When partnerships don’t go well

33:13 Advice to IBC seekers and skeptics

34:33 Who Curtis would like to be a hero to

A special Tribute episode number 88. Today we celebrate the life and legacy of the late R. Nelson Nash (1931 – 2019), the father and founder of the Infinite Banking Concept and author of the book “Becoming Your Own Banker”. Nelson has impacted the lives of thousands of people within the IBC community and continues to do so. He used every moment as an opportunity to continuously learn and champion this message. Nelson passed away at the age of 88, if you turn the 8 over on its side, it represents the infinite sign. The Wealth Without Bay Street Podcast and all that we do through our work would not be possible if it were not for Nelson Nash. We are forever grateful for his life and record this episode to reflect and reminisce on the special memories we have shared with him over the years.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:53 The significance of 88

4:21 The impact of the Nelson Nash documentary

5:58 Leaving a legacy that matters

8:15 Memories from the think tank conference

11:46 How Nelson delivered his seminars

14:59 Recording the documentary

18:57 The generations of Becoming Your Own Banker book editions

22:48 Paying our final respects to Nelson Nash

23:54 What would Nelson do?

28:03 Resources to learn about IBC and Nelson’s life

33:43 The historical growth of Nelson’s policies

37:27 Special memories of Nelson with Richard and Jayson

Nelson Nash At the Freedom Advisors Live Event: https://www.youtube.com/watch?v=ILkaBcWO_k0

CLIENT SERIES. In today’s episode of Wealth Without Baystreet, we have Recas Forbes featuring on the client series. Recas has lived with his wife and two kids in Calgary for the past two years. For many decades, they lived in debt, burning through their savings to pay it off. Since he started practicing IBC three years ago, Recas and his wife have been able to pay off most of the bills that were due and are able to create special memories by travelling together as a family, something that was only a dream before. What Recas most loves about IBC is that it is such an easy, stress-free way of life that has been able to liberate them and allow them to approach retirement and support their children without having to worry about it.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

6:37 Recas’ experience through the process of becoming your own banker

10:29 Freedom to create memories as a family

16:08 IBC is too good to be true – but it is all true

18:15 Implementing IBC for his wife and kids

21:14 The ease of bill payments through policy loans

25:49 The rate of return on a peaceful stress-free life

32:37 The joy of firing your bankers

38:15 Who Recas would like to be a hero to

Want to know the seven simple steps for becoming your own banker? Visit – https://wealthwithoutbaystreet.com/7steps/

On today’s episode of the advisors series, Henry Wong joins us to talk about his experience as an Infinite Banking practitioner and advisor coming from an accounting background. Henry is a professional CPA and trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. He chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. Henry now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:45 Henry’s life before discovering IBC

10:37 The process of becoming your own banker

13:47 Picking up the Becoming Your Own Banker book

16:43 How Henry became and IBC practitioner

21:45 The potential of CPA’s and accountants adopting IBC

24:35 What energizes Henry while working with clients

35:06 Who Henry would like to be a hero to

On today’s episode of Wealth Without Baystreet, Shalev Amar joins us to share about his experience with trauma and how he has learned to overcome it. Shalev has been an attorney for 17 years and has spent thousands of hours over the last 9 years studying trauma, psychology, and emotional healing methods. He’s passionate about this topic because he and his family have suffered through generational cycles of trauma and he is committed to breaking that cycle. His mission is to teach people how to overcome their trauma so that they don't suffer and pass it on. The next step in Shalev’s life after he transitions from the practice of law is to teach people how to process, release, and heal trauma full time, but for now he wants to share the methods he has learned with others.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:59 Shalev’s Journey with Trauma

10:15 Generational Trauma and Masculinity

17:31 Monetary Issues and Trauma

23:00 Three Types of People

26:08 Why We Need to Set Boundaries

29:34 Have Someone Help You

34:05 Getting Better

40:34 Looking Back at Your Childhood Can Help

50:52 Who Would Shalev Want to be a Hero to

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

This episode of Wealth Without Baystreet features Dwayne Burnell, a Fiduciary and Wealth Strategist. Dwayne is also the author of two best-selling books on personal finance. He empowers individuals, families, and business owners to take control of their financial future. He has helped clients across the country—many of them referrals—achieve the security and peace of mind they've always wanted but didn't know how to get. Financial education and empowerment form the cornerstone of Dwayne's approach. Working in close partnership with each client, Dwayne crafts a comprehensive financial strategy that focuses on the core needs, values, and financial concerns of each client. Dwayne works to ensure your money and financial savings grow by building a customized financial strategy that provides financial growth while protecting your money from loss. Dwayne received his MBA from the University of Tennessee and his BBA from the University of Oklahoma. Dwayne is a licensed practitioner in over 40 states and welcomes new clients from anywhere in the country.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:49 ‘Financial Peace of Mind’ and ‘Financial Independence in the 21st Century

9:46 Greatest Gift You Can Give Your Children

16:56 Saving vs. Investing

17:24 Having Access to Money

27:56 Power of Life Insurance

35:01 Choosing the Right Agent

38:02 Who Would Dwayne Want to be a Hero to

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

In today’s episode of Wealth Without Baystreet, we have Cody Yeh featuring on the client series. Cody is a first-generation immigrant from Taiwan who came to Canada at the age of 18, went to university as an engineer, got a white-collar job but wasn’t satisfied with it. Over the past 11 years, he transitioned from being a student to a full-time project manager to a financial coach, real estate investor, and stock options investor. Cody is now building an empire to help out more people to reach financial independence just as he did.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:23 Cody’s Introduction to IBC

8:25 Thinking Long Term

11:57 Transitioning From Being a Student to Being Financially Independent

17:02 Cody’s Experience with Option Trading

20:12 What’s the Right Time to Invest?

38:25 Investments in the Long Term

37:55 Becoming Your Own Banker

40:48 Who Would Cody Want to be a Hero to

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Featuring on today’s episode of Wealth Without Baystreet, Connor Boyack is the founder and president of Libertas Institute, an award-winning free-market think tank. Named one of Utah's most politically influential people by The Salt Lake Tribune, Connor's leadership has led to dozens of significant legislative victories spanning a wide range of areas such as privacy, government transparency, property rights, drug policy, education, personal freedom, and more. He is a public speaker and author of 30 books and Connor is best known for The Tuttle Twins books, a children’s series introducing young readers to economic, political, and civic principles. Connor lives near Salt Lake City, Utah, with his wife and two homeschooled children.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:08 Connor’s Inspiration

4:52 Tuttle Twins Under Attack

9:37 Monetizing Your Haters

12:49 Taking a Stand

17:40 How Did Tuttle Twins Start

23:07 Being Politically Aware

33:51 Education Our Children Right

40:07 Who Would Connor Want to be a Hero to

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

This episode of Wealth Without Baystreet features Chris Bay, an Infinite Banking Coach at Life, Success and Legacy. He is the Author of ‘Family Banking with Purpose: A Story About Financial Freedom Through Infinite Banking’. Applying his twenty-two years in education and his leadership background as a principal, Chris gains great satisfaction in helping others understand how to apply IBC in their own lives. He became an Authorized Infinite Banking Concept Practitioner with the Nelson Nash Institute. Chris lives in Lawrence, Kansas, with his wife, Shawn, their two daughters, Lily and Addie, two cats, three chickens, and one old dog who puts up with the rest.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

5:17 Chris’ Inspiration for His Book

8:42 What to Take Away From Chris’ Book

15:02 Power of Family Banking

21:20 Changing Your Wind Current

25:50 Education the Next Generation on Infinite Banking

28:29 A Fond Moment with Nelson

37:12 Who Would Chris Want to be a Hero to

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

What are the myths of insurance lending in Canada? Jayson Lowe and Richard Canfield discuss an article from a Bank that tries to dispel 7 myths of insurance lending in Canada.

Many Canadians do not know that cash value policies are often lent on by 3rd party banks. It's actually the most popular way Canadians have been getting access to their collateral is from commercial banks.

Banks want you to borrow from them. It is that simple. They will do everything in their power to market their loan products to you so they can collect as much interest volume in the form of cash flow payments coming back to their institution. They even have special departments that focus their energy on unique cash surrender value lending products.

In this episode, Richard Canfield and Jayson Lowe ask you to think about the reasons why banks want to lend against these powerful contracts.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:54 Myth #1: Wealthy People Don’t Need To Borrow Money

6:56 Myth #2: Insurance Lending Is Expensive

11:19: Myth #3: Clients Have To Take On More Debt

19:35: Myth #4: Insurance Lending Is Risky

24:20: Myth #5: Clients Must Go To The Insurance Company For A Policy Loan

26:46 Myth #6: Insurance Lending Suits Only Affluent Clients And Business Owners

29:42 Myth #7: Clients Don't Have To Qualify For A Loan

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Featuring on this week’s series about entrepreneurship is Jon Dwoskin, an executive advisor, business coach, founder and CEO of the Jon Dwoskin Experience. Having been through his own share of ups and downs in life and in business, Jon is able to help people with theirs. As Jon says, “I grow businesses big, very big.” You can join today’s episode to learn how he does it and how his journey has been. Jon claims he has been able to be the amazing coach he is to people because of the great coaching he himself has received. He takes great pride in his businesses and is always willing to help you get unstuck and grow your business very big!

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:41 Star of Jon’s Business Ventures

5:22 Patterns in Business Owners That Get Stuck

10:33 Jon’s Ideal Clients to Work With

13:36 Why You Need a Coach

19:54 Value of Coaching

25:59 Thinking Bigger

30:34 Jon’s Battle with Cancer

40:05 Who Would Jon Be a Hero To

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

This week’s episode in the entrepreneurship series features Jeffrey Feldberg, Co-Founder and CEO of Deep Wealth. After graduating from his MBA program, Jeffrey launched his first company, Embanet. As an industry leader, Embanet created a market disruption in higher education. Jeffrey's mission now is to help you capture the maximum value in your liquidity event. Through Deep Wealth Experience, you can master the same 9-step road map that Jeffrey created for his 9-figure exit. For Jeffrey, business owners are dreamers and change-makers who put everything on the line and win against all the odds. His passion lies in helping business owners achieve their goals and dreams.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:10 More About Deep Wealth

4:33 Waiting For the Right Offer

8:13 Maximizing the Liquidity Value

14:58 Life After the Liquidity Event

21:42 Deal Breakers and Deal Closers

30:05 Who Would Jeffery Be a Hero To

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Episode 99. In this episode of Wealth Without Bay Street, we take a look into legends like Wayne Gretzky and what makes them great. Hard work, commitment and potential are some of the things we all have but it’s how we utilize them that sets us apart. Join us as we talk about how you can set and achieve your goals and dreams and how you can start your journey of greatness.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:39 Recognizing Potential

3:27 Talent vs. Hard Work

7:36 Surroundings and Environment Matter

12:17 Have a Goal and a Dream

20:43 Measuring Your Goals

24:48 Accountability With Your Goals

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

EPISODE 100! Today is a milestone for all of us at Wealth Without Bay Street and Ascendant Financial. 100 podcast episodes released of the Wealth Without  Bay Street. Thank you to all of our listeners who have journeyed with us and we hope that you have gotten value from our show as you walk on the path of Becoming Your Own Banker.

In this episode, we talk about the taxation of policy loans in Canada. It is important to know your whole life insurance policy and how you can have a guaranteed loan provision through your policy. Learn about the Adjusted Cost Basis of your policies and the Net Cost of Pure Insurance, which can cause problems for you down the road.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:38 Knowing Your Policy

3:07 Adjusted Cost Basis

6:44 What is NCPI

11:41 Relationship Between NCPI and ACB

14:50 Forfeiting the Policy

16:33 Withdrawing the Policy

18:18 Materializing Death Benefits

21:06 Collateral for Loans

25:29 Do Not Do Business With Banks

31:41 Dynamic Capital Adequacy Testing

38:08 More About Policy Loans

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Susan Latremoille has been a wealth advisor for over 35 years. Susan assisted her clients to financially plan for their retirements and managing their investments. She saw a common thread among her clients. Having enough money to retire was only a piece of the retirement puzzle. It was the non-financial side that had the greatest impact on the predictability of a successful retirement.

Susan is a Co-Founder and Partner in Next Chapter Lifestyle Advisors. She is a Family Enterprise Advisor, FEA, (Family Enterprise Exchange), and holds an Executive MBA. She is also a certified Retirement Coach (CPRC) and an Expert Level SuccessFinder Practitioner. Susan is the author of The RichLife – Managing Wealth and Purpose, It’s Not Just about the Money – The Whole Life Approach to Wealth Management, and co-author of On the Shoulders of Atlas- a Story about Transitioning a Family Owned Business and co-author – Thriving Throughout Your Retirement Transition. She is a world traveller, mom, grandmother, certified yoga teacher, and enjoys her time as a roof-top gardener as well.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:00 Susan’s Inspiration

9:04 Managing Wealth and Purpose

15:59 Next Chapter Lifestyle Game Plan

21:29 Relationships and Retirement

25:25 Learning New Skills

28:21 Health and Longevity

34:50 Long term Goals and Retirement Objectives

41:37 Who Would Susan Be a Hero To

Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Wealth Without Bay Street EPISODE #102: Today on Wealth Without Baystreet, we have Dan McMullen featuring on the client series. Dan is a high school teacher in Markham, Ontario. He has been investing in real estate since 2019 and currently holds 3 properties in the portfolio. Student Rentals and Duplexes have been the main strategy thus far in his real estate holdings. In 2019 he was introduced to IBC and was given Nelson Nash’s book ‘Becoming Your Own Banker’ by his coach Peter Lount, who is also featured on this episode. Since this time, he has quickly created a system of policies that are working towards a better financial future for his family. Dan has a strong desire to continue his journey of creating more passive income and contributes his current success to many factors that include, establishing a growth mindset, creating a power team of like-minded investors and taking action when opportunities arise.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:58 Real Estate to IBC Pipeline

6:18 Why Dan Chose IBC

9:04 Dan’s Journey With IBC

14:56 Having the Right Coach

21:00 Benefits of IBC

30:42 Living an Intentional and Secure Life

39:31 Who Would Dan Want to be a Hero to

Wealth Without Bay Street EPISODE #103: Today on Wealth Without Baystreet, we have Justin Breen featuring on the Entrepreneurship series. Justin is the founder and CEO of BrEpic Communications LLC, a PR firm that works exclusively with visionaries and exceptional businesses around the world. He has won dozens of editing and writing awards and is an author of countless viral stories. Justin is hard-wired to seek out and create viral, thought-provoking stories that the media craves, and he finds the best stories when he networks with visionary entrepreneurs and executives who understand the value of investing in themselves and their businesses. He has built an international network of extraordinary people and believes strongly in the power of introductions and creating important relationships through those introductions.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:56 Building a Better Future for the Next Generation

7:09 The Kolbe A Index

13:04 Finding the Right Business Partner

16:22 Power of Communication and Social Media

22:18 Making the Right Connections

26:53 Justin’s Inspiration to Write

42:06 Who Would Justin Want to be a Hero to

Wealth Without Bay Street EPISODE #104: Today on Wealth Without Baystreet, we are pleased to have Bryan S. Bloom. Bryan has been a CPA for more than 35 years, throughout those years he was involved in income tax returns as well as planning a retirement. His experience in planning retirement comes from helping individuals practically plan their retirement over the past 15 years. Bryan has also authored five books, the series Confessions of a CPA, which reveals why what he was taught to be true as a CPA turned out not to be true. He says, “We have no chance of success if we follow what we are taught in academia, traditional planning, and the popular media.”

Bryan and his wife, Pam celebrate 40 years of marriage together and have two daughters and four grandchildren. For Bryan, retirement is enjoying the joy of his life and sharing it with people around the country some of the financial realities in life that differ greatly from what we have all been taught to believe.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

4:40 Confessions of a CPA

7:17 To Pay Taxes on the Harvest or the Seed?

13:19 How to Have a Conversation With a CPA

17:46 The Original Insurance Concept

21:54 Learn and Work With Experienced People

30:34 Employer Retirement Plan

40:52 Policy Loans From Life Insurance Contracts

48:52 Who Would Bryan Want To Be a Hero To