Why Dave Ramsey Is Wrong
Here is a great article that addresses what Dave Ramsey gets terribly wrong. Ramsey gets several things right and has done a fantastic job helping people get out of debt. Many of the strategies he teaches I completely agree with. But anyone who has listened...
Just Read It
Cheryl and I just returned for the Nelson Nash Institute Annual Think Tank in Birmingham, Alabama. It was an opportunity to meet with and hear from other Infinite Banking Practitioners across the United States and Canada. We always get so pumped up after these...
401k Reality Check
How much of your 401k is yours? The typical answer is" all of it," but don't forget that you owe the IRS taxes on every penny you put in plus taxes on the growth. So conservatively, that's at least 14% of your total amount and could be much higher depending on your...
‘Tis The Season for a Holiday Spending Plan
“By failing to plan, you are planning to fail”Benjamin Franklin Holidays are a great time to gather with family, have fun with friends, and experience the joys of the season. Unfortunately for many, it is also a time for overspending, bad financial decisions, poor...
Be Fearful when Others are Greedy
Our world continues to be filled with uncertainty. Covid appears it is here to stay as we consider vaccines, boosters, variants, and mandates. We are facing higher inflation, job, and labor shortages (which seem contradictory), and significant supply chain...
How Inflation Can Shatter Your Nest Egg
In retirement, no one wants to worry about having enough money. You plan you save, you invest – but you forgot to consider inflation. Suddenly you find yourself running short and beginning to worry what the rest of your retirement years will look like. Do you know...
Think and Grow Rich with Infinite Banking
Napoleon Hill, author of "Think and Grow Rich," was a financial guru/self-help pioneer. His book, published at the end of the Great Depression, gave hope to a nation hungry for opportunity and optimism. While parts of his book may seem outdated today,...
Whole Life Is Like a House – BUT Better!
You 'FINANCE' everything you buy. You either pay interest to someone else, or you give up the interest you could have earned."-R. Nelson Nash, Becoming Your Own Banker This Photo by Unknown Author is licensed under CC BY-NC Have you ever heard of the Infinite...
7 Reasons to be a Private Lender
"There are two kinds of people; those who borrow money and those who lend it." Private lending is one of the oldest, most proven forms of investing; lending capital to another—perhaps someone who can't get traditional bank financing—in exchange for interest. A private...
Have Your Cake and Eat it Too
Convertible Term Insurance should have a prominent place in your financial plan. So often, the question is: Whole Life or Term Insurance, which is better? The answer is, they both are suitable for different reasons and needs. In this case, you can...