“But I can get a higher rate of return somewhere else!” This response highlights a fundamental misunderstanding of the Infinite Banking Concept.
In today’s episode, we explain why the rate of return in the policy is secondary to learning how to “use” the policy. In other words, the lesson Nelson is conveying to us in this brief chapter is this: Where you store wealth is not where it is created. Take your time with this episode and listen to it more than once if needed…..ENJOY!!
Resources:
The Tax Strategies High-Income Earners Don’t Know Exist With Chris Miller
The Biggest Infinite Banking Mistake Most People Don’t Realize They’re Making
The Unfair Advantage: How the Wealthy Think About Liquidity, Business & Their Kids' Future with Sharran Srivatsaa