Become Your Own Banker in Canada | Learn The Infinite Banking Concept

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My name is Vernon McCarty. I'm going to be your host. I got to tell you, I'm blessed beyond the definition of good fortune to be a part of the ascendant financial team. I get to coach good people just like you every day on the process of becoming your own banker and help them implement it. I'm so excited to be here and for you all to receive this information. Tonight, questions are going to come up, which is good. We encourage questions because questions create clarity. Now, I want you to think about money.

If you were to ask an ordinary person, where do people keep their money? Well, they might say a bank. And that's the theme of our conversation tonight. Becoming your own banker. Now, when sometimes when people hear that, they're not exactly sure what that means. Becoming your own banker. How could I become my own banker? Well, think about what banks do for a minute. They receive deposits, they lend money out, and then they receive streams of payments from those loans. What if you could do all that yourself? That's going to be what we're talking about tonight, becoming your own banker.

One of the things that happens when you're exposed to a new idea or a new way of thinking is it means that you have to actually remove or replace an old idea, an old way of thinking with the new idea. And for some people, that just isn't that easy. I mean, look what happened last year when the pandemic hit North America. I mean, we had to rearrange our whole way of thinking about things. Look what we're doing right now, we're talking, we're communicating on a virtual communication platform. Prior to the pandemic, I mean, not very many people were doing this at all. So when you can adapt to a new way of thinking, new ideas, amazing things can happen. And that's one of the things that our presenter tonight, Jason Lowe. That's what he's been doing for the last 13 years, helping people think differently about their money to become their own banker. Jason is a chartered life underwriter. He's a successful entrepreneur, coach and business person. And more importantly, he's personally held the hands of over 2000 families just like yours to coach them to become their own banker and implement this process into their life. Jason has a unique way of making the complicated clear and the confusing simple. And there's going to be some Things that you're going to hear tonight that are going to uncomplicate some things for you, especially in your financial world world. My job is I work right alongside with Jason, and I can tell you from firsthand experience when, well, prior to the pandemic, when people would come into our office or now when we meet people virtually, sometimes they're confused or upset or worried. But after spending just an hour with myself or Jason or one of our amazing team members, they leave with a big smile on their face and feeling like the weight of the world has been lifted their shoulders. That's how we've built our practice, helping people make better financial decisions. Tonight, you're just going to be exposed to new ideas, new ways of thinking of things. No one's going to ask you for any money or anything else. The title of tonight's discussion is becoming your own banker. So please welcome the founder and CEO of our great company, Ascendant Financial, Jason Lowe. Take it away, Jason.

All right. Thank you for that warm introduction, Vern.

And I know that at least in.

This part of Canada, we've been in a polar vortex for the past, oh, gosh, week and a half or so. And so while it's pretty chilly and pretty cold, I hope that you're going to join us in warming up to some of these great ideas that I'm going to walk through here with you this evening. And so congratulations again. I'll echo what Vern said. You made a great decision to join us on this webinar, and we are going to have a lot of fun together. So let's go ahead and just dive right in. I'm just going to share my screen here. There we go.

All right.

Let me begin by asking a question. Who was.

R. Nelson Nash? I'd like to start by asking all of you a question. Who revolutionized the automobile industry with the Model T? Drum roll. Yes. Okay, now, who created amusement parks and pioneered cartoon films, including Mickey Mouse? Okay. Yes, that is correct. It wasn't Mickey Mouse. It was Walt Disney that. That pioneered this. Okay, now, who revolutionized a process to enable you to become your own banker? The late R. Nelson Nash. Now, prior to the webinar, you had received in an email an invitation to watch the Nelson Nash documentary film titled this is Nelson Nash. That project was a labor of love as a token of gratitude to an incredible mentor to whom I owe a debt of gratitude that I can never repay. And I wanted to share with all of you the significance of just how important R. Nelson Nash was and the playing field that he was on. He revolutionized the way that we go about controlling the banking function in our lives and more importantly, having that money flow back to our family and flow back to our business. Nelson back in 1994, after him and his wife Mary finally got the bankers out of their lives, he coined the phrase that he shared so often. What a peaceful, stress free way of life it is when you get the banks out of your life. And I'm going to expand on that story for you here in just a moment. By the end of this webinar, you will know that you are capable of becoming your own banker. You will have clarity on the problem, the solution will become clear, and you will know exactly what you can do. You're going to feel like this. A previous attendee who sent an email to us saying, you know what? I found hope. I found a new belief and a way that I can create my own peaceful, stress free financial life. You'll be able to do this too. And what is the opposite of stress free?

I'm sure we've all experienced this at some point in our lives, haven't we? Now you've been told to put your money into things like mutual funds, commodities, stocks and bonds. And it all involves transferring your money away from you. So handing control of that money over to someone else who thinks that they can do better with it than you can. And then when you put your own money in financial prison, you have to go to someone else's bank. So I say that again, someone else's bank when you need access to more money. It's absurd. I think that. Well, I'll tell you this. If you've been handing money, your own money and control of that money over to someone else who thinks that they can do better with it than you can, you may not be in the best situation right now, but it's not your fault.

Are you committed to discovering the process of becoming your own banker? We hope that you are. That is why you have joined us here this evening. Are you committed and willing to commit to improve anything that you are now doing financially that is preventing you from becoming your own banker? Welcome to Commitment. Enjoy your stay. I want to share something with all of you and how I discovered my peaceful, stress free financial life. And it certainly wasn't easy. I want to take you back. Oh gosh.

This is back to September of 2006.

I'll start by saying that.

I'm talking to you. You deserve a life of no regrets. It was September 2006. It was about 7 o' clock in the evening, and I'm in Sherwood Park, Alberta, and I'm standing in this dark, empty living room, and I'm looking at a sold sign on the front lawn of my home. Now you're my invisible partner. I want you standing right next to me here in that same dark, empty living room. I was feeling like a failure. I was feeling stressed and defeated. And I would have never have expected to be here. After doing all the right things financially.

How was it possible that doing everything right got me here?

A few years before that, I was 30 years young, I was married, I had a mortgage, I was ambitious about my future. And up to that point in my life, I thought that I was doing all the right things according to mainstream financial advice. Over the course of the next few years, life decided to hand me several big challenges all at one time. My first marriage ended. I was deeply in debt, on the brink of financial ruin as a result. And I endured the unexpected passing of both my mother and my father. Some of the most stressful events that you can experience over an entire lifetime happened to me in just a few short years. And so, standing all alone in that dark, empty living room, I didn't know who to turn to for help. If you were in that situation, what would you have done?

And just when I felt like I hit rock bottom, I remembered something that my dad used to always say to me, and that was, son, don't ever be found guilty of giving up on yourself. And so I made that decision in that moment to take control of my life. And then in 2008, I was contacted by a dear friend of mine, Matt Lovelady, in the US and he was a successful and established business owner, still is. And he invited me to attend an event. And the topic is what I later learned to be the process of becoming your own banker. The infinite banking concept. I didn't have any money to go to that event, but determined to find answers, I decided to do whatever it took to get there. And I took action. I left that conference, it was a three day conference. And I believed everyone should hear about this process. I. I began to implement the process in my own life. And everything changed for the better. Today, I'm remarried to my beautiful, intelligent, lovely wife, Rebecca. We have four young children. We no longer stress or worry about money. And we are in total control, total control of our money. We're no longer worried about the ups and downs of stock markets, about government intervention, about pandemics or, you know, risky or temperamental, you know, investments. And because of this process My family and I will never have another bad financial day in our lifetime while I'm here and after I'm gone. And so I believe that financial power and control should be in your hands. Not the banks, not a loan officer, not the government, and not some temperamental stock market. And so in the next 90 minutes, I'm going to take the past 13 years of time, money and energy that I spent in becoming an expert at this process. And I'm going to show you exactly how I've helped thousands of people just like you to build your own peaceful, stress free financial way of life. Does that sound good? Let me know if that, if that works for you.

Most people believe that they need someone else to take care of their money.

Most people believe that it's necessary to risk their money in order to grow it. Most people know next to nothing about the process of banking and its importance to their lives and to their well being. Now here are a few fundamental truths that I want to share with you. The difference between you getting stressed or staying relaxed financially is who controls the banking function in your life. Truth number two, you don't have to put your money away in prison for decades and rely upon someone else to achieve the financial abundance that you deserve today. Truth number three, you don't have to be rich to become your own banker. Now who is this for? Who is this process of becoming your own banker? The infinite banking concept for? It's for you. Every single one of you on tonight's webinar is going to need the use of money for the rest of your lifetime. And that money must flow and someone or some organization must have control over that pool of money in order for you to take care of all the things that you need financially in your lifetime. So this process is for you. Now, how the infinite banking concept got started is very, very important for me to share with you, to give you some context as to how this process and this idea was born by the late R. Nelson Nash. Now, some of you on this webinar may recall in the early 1980s, in that period of time when inflation skyrocketed, interest rates peaked in 1981 at 21.5%. Now, Nelson found himself in a very bad situation. During this time in his life. He owed over a half a million dollars in mortgage debt. Now, he had achieved some success as a real estate investor because he was following all of that advice. Hey, do you realize that you can leverage other people's money? Invest in real estate and you can achieve great gains and your only cost is the interest on the debt. And nobody spoke to him about what would happen if the interest rate lever went the other way. And oh boy, did it ever go the other way. And so when you find yourself in a position where, you know, for a period of several years, he had mortgage rates of 9%, and then those rates jumped to 21 and a half, and he was a point above that. So at 22.5%, you find yourself in a very bad financial predicament. Now people might think, well, gosh, why wouldn't he just sell the real estate? Well, he thought to himself, what fool is going to buy that real estate from me when they have to borrow money at such high rates? So he found himself in a real situation, and he didn't realize that the solution to the problem was right there in front of him. He didn't realize that he had everything he needed to get himself out of that situation. And nobody told him he had access to borrow capital from life insurance companies anywhere from 6 to 8% to pay off the snakes and dragons at 22%, it took him 13 years. He could have filed for bankruptcy. One of his real estate joint venture partners did. And not only did Nelson get himself out of that situation, he also paid off his bankrupt joint venture real estate partners stake in the deal. And since that time, since 1994, him and his wife Mary did not see a conventional bank for anything other than the convenience of debit for the rest of Nelson's lifetime. No outside loans, no outside lenders, all of the money coming back to the family. How would you feel if you were in a position of total and absolute control as it related to your personal finances? I'd like to know how that would make you feel. Now, everyone needs a heart. Would you agree?

Now, I want to tell you a story. Many years ago, Nelson found himself in a situation where he had to have his heart replumbed in four different places. And when he was basically on the hospital bed and he was under anesthetic, his heart was outside of his chest cavity from several hours. He was being kept alive by a heart and lung machine. Now, he doesn't obviously recall the experience, but what he shared was that, you know what? Yes, I was alive, but I was only existing. I wasn't truly living, and I was being kept alive by this heart and lung machine. My own heart was being replumbed. And so when you think about this as it relates to your own financial circumstance, someone else is controlling the banking function as it relates to your needs. That's the equivalent of living off of a heart and lung machine, you're not truly living, you're only existing.

The banks need you, you don't need the banks. And so we're going to help you put control back in your hands so that you can become independent and become truly financially independent, secure. Now we understand, or we should, that banking is the most important business in the world. Without the banking system, all financial transactions would cease to exist. The financial system would collapse, which nearly happened in 2008, 2009, during the financial crisis, money stopped moving and money that isn't in motion just isn't worth anything. Now the banking system, just like the heart and lung machine, the banking system is pumping money to where it's needed the most. And at some point it flows through your hands and mine. Agreed. Where does it all end up? Right back in the banking system. The real issue here is how much of the banking function do you control as it relates to your needs? Remember, there's only one pool of money in the world. It's inconsequential that there are many different banking institutions, there are many different currencies that are handling all of this money. There's only one pool of money on the planet. And so how much of that pool do you control as it relates to your needs? What Nelson saw is that he was pumping money into the pool the wrong way. He had to go through the bankers, the toll takers, the gatekeepers who were all making money off of him and abusing him.

Has that ever happened to you?

He realized that what he needed to do is he had to crank up large life insurance premiums because remember how he got himself out of that financial jam that he was in? He had to crank up large life insurance premiums, build up this growing pool of financial value, access policy loans from the insurance company, get rid of those third party lenders or snakes and dragons as Nelson would refer to them as, so that he could create his peaceful, stress free financial way of life. And he was no longer dependent upon a commercial bank for anything other than the convenience of debit. You cannot get this done overnight. Everyone thought that he was crazy at the time, including his own wife, Mary. You have to get it done incrementally over a period of time. What is very important to understand is that there are four characters in the financial play. Now, in Nelson's book, Becoming youg Own Banker, Nelson talked about how so few people are even familiar with the fact that there are characters in the financial play that they get all the characters messed up. They don't even know who they are or what roles they play. So let me outline this for you. The four characters are the depositor, the borrower, the banker, and the bank owner. Now, for most of you on the webinar this evening, you are the first two of the four characters in the financial play. You're the depositor and the borrower, but you're not the banker and you're not the bank owner. We're going to show you how to become all four characters in the financial play. Isn't that good? And when you think about the golden rule, we've all heard this. Whomever has the gold makes the rules. Now, for most people, they're abdicating their responsibility and most importantly, the opportunity as it pertains to the banking function in their own economy, they're depending on someone else to perform that function. And that character in the play is the one who's making the most money. And rightly so, because whomever has the gold makes the rules. The person on the street in Canada totally understands the subject so poorly that he's doing the equivalent of living off of a heart and lung machine. What I want to talk to you about is how to create a system in which you're in a position of total and absolute control, that you're controlling the banking function as it relates to your needs, whether it's for your family, your business, or both. Now, this book, Becoming youg Own Banker, has sold more than 470,000 copies. Why? Because it works.

And so we invite you to get your copy of Becoming youg Own banker. It's a 92 page, ready. Now, you would have received either a text message or an email with a link where you can go to purchase your own copy. We sell it for less than a third of what you'll pay for it on Amazon, and we'll ship the book anywhere in Canada. And while you're at it, pick up a copy for a friend or a colleague or someone who you think would benefit from the gift of that knowledge. One of the very first principles that Nelson taught us, and that must be understood by you, is that you finance everything that you buy. You either pay interest to someone else or you permanently give up the opportunity to earn the interest that you that your cash could have earned otherwise. And I say that again. You either pay interest to someone else or you permanently give up the opportunity to earn interest because you used your own cash. And when you paid for those things, that was a permanent transfer of money away from you. You can't earn interest on it again. You can't spend it again, you can't save it again. It's gone. Not only for your generation, but for every generation that comes after you. Now, for most of you at this point in your lives, if you consider all the money that you have spent in payments, all your personal financial overhead, your business overhead, when you consider all that money that's been transferred away from your family, if you were to sit down and calculate the lost opportunity cost, you would be appalled. But nobody's talking about it. There are so many people who have heard the term lost opportunity cost and they give it some lip service, but very few people actually reckon with it. Think about the last time you made a major buying or purchasing or financing decision. Did you sit down and focus on the interest rate that you were going to pay or all the interest that you were going to give up the opportunity to earn?

Because when consumers want access to money, they focus on what they're going to pay. When bankers grant access to someone else's money, they focus on what they can earn. And so in order for you to become the banker in your life, you have to rethink your thinking. This is all about recapturing the interest that you would otherwise pay to banks and to finance companies. And it's about redirecting the flow of money that's presently moving away from your family and your business and redirecting that flow back to an entity that you own, that you control, and you will immediately improve your financial situation. There are no exceptions to this rule of you either pay interest or you give up the opportunity to earn interest. There are no exceptions. The whole idea is to recapture it. I have to re emphasize that the whole idea is to recapture it and to equally as important, redirect that flow of money. We want to keep it in the family. The question is, how much of the banking function do you control as it relates to your needs? Your money has to reside somewhere. This is a fundamental understanding. Your money has to reside somewhere. Someone has to perform the function of banking in your life. It should be you. This process is not an either or. So quite often when we're talking to people about the process of becoming your own banker, the infinite banking concept, the mindset initially is that it's an either or. You know, I'm going to invest my money in real estate or I'm going to become my own banker, I'm going to purchase Bitcoin, or I'm going to become my own banker, I'm going to purchase that expensive equipment for my business, or I'm going To become my own banker. This isn't as well as you cannot achieve a better rate of return doing anything if you ignore who's controlling the function of banking. Becoming your own banker is not about addressing the yield of an investment. This is a process that you should control. It's all about how you go about financing those things that you need in your life, which can certainly include investments. Now, all of you are going to need the use of money for the rest of your lifetime. Start taking control of this banking function and you will immediately improve your financial situation. Now, let's talk about getting into the grocery store business. Now, I know you're all thinking, why on earth are we going to talk about the grocery store business? I came here tonight to learn about the process of becoming your own banker. This example fits perfectly with. And if you understand the grocery store example, the rest of becoming your own banker is ridiculously simple. Let me expand. So we're going to get into the grocery store business together. Okay, so everybody who's here tonight, we're all going to get into the grocery store business. Now, we have to consider a business in which we are both the consumer as well as a seller of a product. Everybody needs to eat food and we have to purchase that food from somewhere. Our market is unlimited, right? Everybody uses groceries. Someone has to perform the function of distribution. Now, we study the business for a couple of years, we purchase a superior location, we build an attractive building, we stock it with high quality merchandise. And up to this point, we've put a lot of capital, a lot of time, a lot of energy into the business. Right? How much money have we made in our grocery store business up to this point? We put a lot of time, a lot of energy. We capitalize the business. We got money in there. And up to this point, we haven't made a dime because we haven't opened up our doors to all those captive customers who want to buy food. So you have to turn the inventory, because if the food sits still, what's going to happen? The food's going to rot. We need to keep that inventory in constant motion. Now, as I'm walking through this analogy, I want you to think about the banking business. The banking system, if you turn the inventory 15 times, you're going to break even. If you turn the inventory over 17 times, you'll be profitable. If you turn it over 20 times, you can retire early. This is all about building a profitable business. Our motive for opening this grocery store is not only to satisfy the demand and the need that our customers have for food, but it's also to operate the business profitably so that at some point in the future, when we decide to exit the business, that we have a profitable business to sell. So let's follow this example to a product. Now, I'm going to reference a can of peas. Now, I keep a can of peas on my desk. I keep it handy. And you'll understand why in a moment. Now, we purchased this canopies at wholesale for 57 cents, and we're going to sell this canopies at retail for 60 cents. Now, very few people actually understand just how slim the margins are in the grocery store business. So if we purchased it at 57 and we sell it at 60, we're going to make three pennies for every can of peas that we sell. Now, if we decide to put more money into the register, so rather than pay 60 cents, if we charged everyone 62 cents, well, we're going to make more money and we can purchase more cans of peas and we can sell more product to more customers so we can expand our business. Well, let me ask all of you this question on the webinar. Because you're the grocery store owner, you call the shots. Would you take the canopies out the back door or would you take the canopies out the front door? Now, if you take it out the back door, you're not paying anything, right? If you take it out the front door, you're going to put 62 cents into the cash register. So which one would you choose as the owner of the business? And remember, this is your business, so you call the shots. Well, let me share this with you. So for those of you who chose the front door, that's a very, very good, responsible business decision. For those of you who chose the back door, here's the consequence of that decision. If your employees see you walking out the back door with the canopies, what are they going to do? It shouldn't surprise you on this webinar that the greatest percentage of theft in retail is from internally, it's from employees. So if the employees see the owner of the company behaving that way, naturally they're going to mirror that behavior. And if you have one can of peas that goes out the back door, first of all, that's a polite description of theft. But if you have one can of peas that goes out the back door, how many cans of peas do we have to sell out the front door just to make up for the one can that walked out the back door? The answer is 20. 20 cans of peas. Because we're only making three pennies at minimum on every can of peas that we sell. Now think about this as it relates to becoming your own banker. The infinite banking concept. When you have a policy and you create a system, you're the owner. So you're the one who calls the shots. When you need access to capital and you access policy loans from the life insurance company, if you don't repay those loans, that's the equivalent of stealing the P's. And if your family members see you stealing the P's, what are they going to do when it's their turn to take control of the banking function? When it's their turn to become their own banker and implement this process, they're going to mirror the behavior that they saw from you. And so what's really important is for us to not only pay retail in terms of accessing policy loans, simple interest that accrues on those policy loans, we want to pay that because that's profit for our company, but we want to put a little bit more money back in the cash register as well so that the insurance company has more capital to make available to more captive customers. So one of the things that you'll hear me say a few times this evening, and it's one of Nelson Nash's five golden rules, don't steal the peas. So if you understand the grocery store example, the rest of the process of becoming your own banker becomes ridiculously simple. Remember, don't steal the peas. Here's the problem. Wherever wealth resides, someone's going to try to steal it. It's so important to understand the problem, otherwise the solution just won't matter to you. Wherever wealth resides, someone will try to steal it. Now we're hearing and reading all of the news. We've got massive deficits that are piling up. Canada's largest banks and credit unions required to turn over highly personal data so that some government bureaucrat can look over, you know, your life financially and your transactions, your banking business. The COVID 19 bill giving liberals power to raise taxes without parliamentary approval. This is all due to an absence of control. Who is the banker in your life today?

Think about this. You earn an income regardless of that source of income. It could be T4 income, dividend income, interest income, combination of all the above. That income gets deposited into someone else's bank.

The bank sees the money before you do, then the money sits there, which it doesn't. We know that the banks are keeping that money in constant motion and your deposits are now being circulated.

The bank is multiplying that money for the benefit of the stockholders of the bank. Every bill that you pay is a payment and that payment is a deposit into someone else's bank. In other words, you're doing all the work and everyone else is getting all of your money. Think about the money flowing into your bank account and all the money flowing away for everything. Groceries, fuel, utilities, mortgage payments, car payments, property tax payments, home insurance, car insurance. The list goes on and on and on. You're doing all the work and everyone else is getting all your money. How does that make you feel? Like this.

I want you to think about this. We've got. In this scenario, I'm going to look at two different types of people here because both of these types of people are on the webinar tonight. You'll likely fall into one of these categories. Now, the first person I want to reference is the debtor. So this is the person that sees the interest, right, because it's part of their payment. So the debtor says, okay, I need to go out and buy a new car. The debtor goes to the lender, starts with a negative balance, right? Starts with an amount owing, is making payments, and doesn't own anything until the final payment is made. So the debtor starts at zero, makes payments, which every payment is a deposit into someone else's bank. The debtor ends up right back at zero and starts all over again, continually making payments or deposits into someone else's bank. And the debtor thinks, hey, this is my lot in life and I know what the interest is because I can see it. It's part of my payment. Now, the second person is the saver. This is the person who says, I've been told, and I believe that debt is bad. I should not go into debt for anything. So what I'm going to do is I'm going to start at zero, just like the debtor. I'm going to stockpile money in someone else's bank. I say that again, someone else's bank. And then when I need access to the money, I'm going to withdraw it. So I end up right back at zero. I went and bought the car, too. I got the car just like the debtor did, but someone else got all my money. Now I am patting myself on the back because, hey, I didn't pay any interest. But nobody sat down with the saver and said, we need to calculate how much interest you're permanently giving up the opportunity to earn not just for your generation, but for every generation that comes.

After you.

Both methods, the debtor and the saver, involve a permanent transfer of money away from you. Every payment that you make is a deposit into someone else's bank. The solution is becoming your own banker. Now, we know again that your money must reside somewhere. So we're going to go through a bit of a fun thought experiment together. Now, here's what I'd like to do. I would like to invite you to create the perfect investment from scratch. So this investment can have any attribute that you would like it to have. And I'm going to ask you to type into the chat window what attributes you want your perfect investment to have. Now, it cannot have any drawbacks. It's got to be perfect. And some of the most frequent responses that we get, just to get the thought pattern going for everybody, is high rate of return.

Safe, secure. So those would be like three of the most common that we get. What attributes your perfect investment would have no drawbacks. It cannot possess any drawbacks at all. So let's see what the most frequent responses are that we've been getting over the years that we've been asking this question. Let's see if any of them look familiar. High rate of return, consistent rate of return, conservative, meaning it's safe. Liquid guaranteed tax benefits are tax free. No market volatility yields income besides capital gain. Creditor protected inflation protected control transferable, easy to manage, no hidden fees or penalties. Reputable private. For your own various assets that you have right now as part of your financial structure, take a look at all of your own various assets and simply identify which of the features from this list those assets are doing well on and which of the features they're failing to satisfy. This is a really, really good thought experiment for you to go through. Compare what you do now and the investments and the asset classes that you have now and take a look at this list and match up where they're doing well and where your various assets are failing to satisfy. Now here's a surprise for everybody. That list of attributes that I just reviewed most accurately describes a participating dividend paying whole life policy, otherwise known as a unilateral binding contract. I'm going to break this down a little bit because it's really important for us to have a fundamental understanding of the tool. A policy or a system of policies are just a tool. And from that place you're able to implement the process of becoming your own banker. Banking is not a product, it's a process. Now, if I put the very best tool for the job in the hands of an Incompetent. Not only is that person not going to turn on any good work with the tool, they're likely going to break the darn tool. And so that's why it's so important to recognize that while you can purchase this tool from any one of a hundred thousand plus life license advisors in our country, there are not many at all who have even at best, a rudimentary understanding this tool. So let me break it down for you. Let's start with participating. What does that mean? You become a part owner of the life insurance company. So as a part owner of the life insurance company, you participate in the divisible surplus generated from every line of business that the life insurance company operates in. Now, in Nelson's book and throughout the years of being mentored by him, he always recommended the use of a mutual life insurance company. The term mutual simply means that there are no stockholders. The participating policy owners are the owners of the company, and so there's no one else to share the divisible surplus with. There's no competing interests between participating policy owners and stockholders.

Only one group owns the company. Now, secondly, we talk about dividend paying. Now, whenever people hear the word dividend, they say, oh no, here comes Revenue Canada. That's not what we're describing here. Every year that the life insurance company declares a dividend, which the carriers that we've been working with have been doing so every single year since 1848 in our country.

Every single year that they declare a dividend, that dividend is contractually guaranteed to be paid. It cannot be repossessed. It can never lose value. And if we chunk that dividend right back into the policy to increase all of the policy values, we do not trigger a taxable event. Now, you may have heard, or some of you on this webinar may be thinking, well, gosh, you know, dividends aren't guaranteed. The only dividend that isn't guaranteed is the one that hasn't been declared yet. And the carriers have been declaring them every single year since inception. That is not a coincidental outcome. It's actuarially engineered. It is an engineered outcome. Now, whole life means that you're insured all the way to age 100, and the total cash value of the policy, which is your pool of financial value, is going to grow every single day and it's going to match the total death benefit by age 100. That is a contractual guarantee. This contract is not an investment. I have to make that abundantly clear. The contract is unilateral and it's binding. The insurance company itself assumes 100% of the risk. To satisfy those legally binding guarantees, the policy owner's sole responsibility is to deposit the premium. So if I have the opportunity to co own a business that's never failed to produce profit, that is day after day, month after month, decade after decade, producing surplus, and all I have to do is pay a premium. And that contractually guarantees me a growing pool of financial value that I have ready access to to take advantage of opportunity that will most definitely track me down. Where there's no government intervention, there's no risky temperamental stock market, there's no possibility of my policy values going down unless I cause them to go down. As the owner, how much capital do I want residing there? Because from that place I can implement the process of becoming your own banker. The infinite banking concept. Now, we don't have many financial guarantees in life anymore. Pensions are going by the wayside. However, dividend paying, participating whole life insurance can help you create that peaceful, stress free financial way of life and provide you with that independence and provide you with that financial security. Here's how the cash values begin accumulating immediately. And they are contractually guaranteed to grow every single day without fail. They cannot go down. You get easy and ready access and control over a growing pool of financial value that enables you to take advantage of opportunity that will track you down. Nelson used to say often that when you have ready access to a growing pool of financial value, opportunity will track you down. You're not penalized for accessing it early like you would be for tax qualified plans like a registered retirement savings plan or other financial products. This is not a creature of the tax code. This is not a creature of the tax code. This is a private contract, private company. Your business is kept private. There are several tax advantages, however, both personally and corporately. Now business owners need access to capital, ready access to capital. And so for our business owners, how would you like to be able to purchase expensive equipment and take care of all those things you need in your company without the use of outside lenders or bankers? And you get a death benefit thrown in for good measure. Nelson spent years as a forester and he talked about how things can be incorrectly classified. What he had talked about over the years is he said, you know, I wish they would have named it a personal monetary system with a death benefit thrown in for good measure. Isn't that good, Vern?

That's great. And actually Jason, just while you're going through this, this might be a good time for Our first question here, June asks, is age a factor for this policyholder?

Well, June, thank you for firstly for asking that question. The answer is no. So think about the last time you visited a commercial bank to deposit money. Did the teller ask you how old you are?

What the bank wants is the money. And life insurance carriers are no different. They'll accept your deposits too. So thank you for asking that great question. All right, now I want to say to everybody that you are your greatest advantage. So rather than being the debtor, the saver, be a wealth creator. So imagine, picture a day when you've got this growing pool of financial value. That's the green line, that's your accumulating cash value. It's growing every single day uninterrupted. And when you need access to money, you access policy loans. So you're using the life insurance company's money. You're not borrowing your money, you're borrowing against your money. You control the repayment schedule of those policy loans. They're unstructured. The policy owner controls the repayment schedule. You pay interest on those policy loans because you co own that company. Remember the grocery store example? We want to put more money back into the cash register so that we have more product available to sell to more captive customers. And when you repay your policy loans, you get to re access everything that you repay because your total cash value never goes down. It just continues going up. Isn't that good? Be a wealth creator. Now creating your own banking system. First and foremost, we need to understand Nelson Nash's five golden rules. The first golden rule is this. You have to think long range. When I say that, I mean to think three generations past your own. Don't be afraid to capitalize your system. The more capital that you put in, the more capital that you get out. It is that simple. Now presently isn't all of your income flowing through the books of someone else's bank. How soon do you want to change that? If I took a flathead screwdriver and you parked your car in our office headquarters parking lot and I said, hey, what are you driving? And he said, oh, I'm driving a Nissan Altima and I go out and I poke a hole in the gas tank of your car, how quickly would you prioritize getting that leak repaired?

You would be all over that so fast it wouldn't even be funny. Most people have no earthly idea how many leaks they have in their own financial gas tank. How soon do you want to repair that? And don't be afraid to capitalize the More capital you put in, the more capital you get out. The third rule. Yep, go ahead.

Can I step in for a moment? Just because you're mentioning capitalization, Anna has a great question here. How long do you have to pay or do you have to pay for a while before you can. She says take it out, but I'm assuming she means access policy loans.

Oh, excellent question. Thank you. So policy loans, based on the carrier that we work with primarily is a mutual life company. Policy loans are accessible immediately.

And Jason, just while I have you, what happens if the policy, I guess if the life insured lives past age 100?

Well, that's one of the fastest growing segments of our aging population. So that would be a good thing as long as you have, of course, good quality of life. But if you live past age 100. So the policy is fully performed, the contract is fully endowed at age 100. So the insurance company is either going to write you a check for the death benefit proceeds, or if you choose to leave that money on deposit with the insurance company because you're still alive and you don't need access to all of it right away, then they must start sending you a monthly income. Now, don't be afraid to capitalize. Don't steal the piece. Everybody remembers that, right? Don't steal the P's. Don't do business with banks. Every time you borrow money from a commercial bank, you're contributing to inflation. Because when you access a loan from a commercial bank, they're simply creating money where no money existed before. Rethink your thinking. Remember what Vern led us through earlier in his amazing introduction when he said, in order for you to receive inspiration for a new idea, you have to shed an old idea. And so we want you to rethink your thinking and to take control of this function. Now, let's talk about individuals and families here for a moment. I'm going to start with a client of mine, David Klein. Amazing guy. He's been practicing this process for more than seven years now. David completed this class a few years ago, and here's the question that he asked me after the class. He said, can you please take a look at my financial situation, Jason, and can you help me to implement this process of becoming your own banker? And here's what happened since then. So for David, this is a really interesting story because for him, he felt like at that time he was very, very skeptical when he was first introduced to the process. His father worked for revenue Canada for 30 years. Now David is a proud serving member of the police service here in the city of Edmonton. He's a wonderful guy and he was skeptical at the beginning. He read the book, he attended the class, he researched the process, he and when he began to implement it in his life. Two years after opening his first policy, he took out his first policy loan. He paid off the bank loan on his wife's Subaru. He redirected the payments away from the commercial bank back to the family. Three years later. So now we're in year five they took out another policy loan. They skipped the bank entirely this time using the money to purchase David a brand new SUV outright. In year five they also welcomed another child to their family. They took out a policy loan on him as well as a second policy on David. With five policies now in place, after seven years their mortgage came up for renewal and rather than renew with the commercial bank, they had enough capital in their own system so they were able to borrow against all the money in their system and pay off the bank completely. So now they own the debt. They control the repayment schedule. 100% of their total cash values are rising every single day uninterrupted. God forbid if the unthinkable happened to him or to his spouse, there would be no debt left behind to the family. All the assets that they purchase with the money are owned by the family already free and clear and they're in a position where they have now achieved their peaceful, stress free financial life. If they can do this, you can do this too.

Here's the most common question that I get.

Jason, can you please connect me with the right person on your team to take a look at my financial situation and show me how to become my own banker? The answer is yes. You have a becoming your own banker call designed just for that. Click the link that you received or text the word schedule to 780-809-4599. Again that's 780-809-4599. You can reserve a day and time that works best for you. Now I know and you should know deep down that you are capable of becoming your own banker. And here's the follow up that you can expect from us. We're going to stay in touch with you via email and you can unsubscribe at any time. We like to communicate effectively and frequently. You'll receive an invite to schedule a time to meet as I've already shared. Now if we don't hear from you, the right advisor on our team is going to follow up with you as a professional courtesy to arrange a Mutually convenient day and time to meet. If you prefer not to meet, just simply let us know. And as long as you leave happy, that's okay too. Fair enough. Now, this next gentleman, Alan Antonio, him and his family have been practicing this process for longer than David. And I want to share with you a little bit about Alan because he heard me speak in a presentation just like this one. And when he had the opportunity to get the book Becoming youg Own Banker, he did that, he ordered a copy and he began to implement this process. But what's really interesting about Alan, I want to share this with you, is that Alan at that time and still is an active real estate investor on top of what he does to earn a living for him and his family. And they, they own several properties. And by implementing this process and creating a system of policies for him and his family, what he was able to achieve is he was able to get rid of the commercial banks, get them out of their lives. And he was able to do that 13 years early. And he says in his own words, after three years of building our policies, we already had acquired enough cash value that we could essentially pay off the bank on our rental real estate properties 13 years early. We set up a payment plan for our company to continue making the mortgage payments now to our own bank from our policies rather than someone else's bank, thus capturing all of the interest value for the next 13 years. That was a huge accomplishment knowing that we were now really using the infinite banking concept as it was intended. When our oldest daughter and son in law decided to purchase their first home, they were able to access a policy loan from a policy that we started and also funds from our own policies to purchase their first home as a cash deal. And they do not have a mortgage from a traditional bank. Currently they are making payments back to us for that loan instead of someone else's bank, thus keeping up with the idea of keeping the money in the family. This is definitely a win, win, win that everyone should consider. Isn't that good? And now he's got policies on everyone in the family that he has an insurable interest in. And so they're in a position of total and absolute control. They've created their peaceful, stress free financial way of life. Now what I want to do is, I want to talk about, because I want to get into an example here to really piece together the foundations of the process. Let's discuss how 99.9% of the Canadian general public go about buying cars. Now some of you may be thinking, I don't Care about buying a car? You're missing the point. This is about completing a transaction, okay? So I want you to think about anything that you would be buying in your life. Literally anything. The simplicity of the car example is one that resonates, so hopefully it gets your imagination working on, okay? How can this work for me, for my family and for my business? Okay, now, car payments never end for most people. We're going to talk about the three most common methods that people go about purchasing cars and other things in their life. Now each of these methods requires a permanent and constant transfer of money away. The first is a no purchase payment plan. So this is like a lease. You don't ever really own anything, you're just making deposits into someone else's bank every single month. The second is a post purchase payment plan. So this is the financing which is most typical. Now you don't own anything until you make the final payment. Then we've got a pre purchase payment plan which is like saving cash. Remember the debtor and the saver. So the savers stockpiles money in someone else's bank, withdraws the money, goes and purchases the car, which is a depreciating asset. The moment you put the keys in the ignition and you've transferred all the money away. With each of these methods above, who's getting all of your money? Someone else's bank. Congratulations to all of you. How does that make you feel?

Jason, would this be a decent opportunity to ask a couple good questions here?

Yeah, sure.

Okay, great. This is great. So I really like this question because I think it gives us a good opportunity to share something good with June here. She asks if there's a health questionnaire in order to get the policy.

Yes, so there are health questions. There may also be a paramedical examination required dependent upon those factors. And so. Yes, and one thing I should point out, Vern, is that the policy owner does not have to be the life that is insured. And so if a person said, well, you know, I'm just not life insurable because of pre existing medical conditions, then that particular person does not have to be the life that is insured. You can insure someone that you have a beneficial interest in, like a spouse, parents, children, grandchildren, business partners, key people in your companies. So siblings, nieces, nephews, etc.

Thanks for sharing that, Jason. That's where I was hoping you were going to go with that.

Ken says this is great. What if I already have very little debt? How useful is this?

Oh God, Ken, thank you for asking that. So I ask a question in return when I hear that is, is it.

Possible to owe nobody nothing?

And the answer is no. Unless you're homeless and destitute, it's impossible to owe nobody nothing. So if you're not carrying any debt that has a, you know, a fixed repayment schedule, like a mortgage or car payment or things like that, congratulations, that's excellent. But you're going to need to use some money for the rest of your lifetime. And so rather than transfer it all away from you, take care of all of your personal financial overhead, the things that you need to pay for anyway, and just have that money flowing through your policy versus permanently being transferred away from you and your family.

Jason, you can let us know here. There's a couple of good questions, but I think some of them might be better for a one on one discussion or Anna, I don't think we can answer this question. How many policies do you need to take take out to buy a house?

Well, that's a personal question. And so we would have to, of course, encourage you. That's what the becoming your own banker call is all about. It's, you know, getting some clarity on some additional thoughts or questions that are more personal to your specific circumstance. And so I would definitely encourage you to take advantage of creating that call. It's included with the webinar and there's no cost associated with that at all. It's just an investment of your time.

Jason Rahan is asking a couple of good questions here, one of which I think is the one on one kind of conversation, and the other is actually a really good question for right now. The first question is, what if the insurance company goes bankrupt? You can address that if you want, but I think that's a one on one question.

Is that fair?

Okay, great. And then the next question is, after opening a policy, is there flexibility to put additional money in the policy?

Yes. Excellent question.

All right, let's keep rocking. Thank you for the questions, everybody. Really appreciate your engagement. Okay, now I have a few questions for all of you. So, Vern, I need you to capture some of this in the chat window. Let me know what comes up for us. Okay?

Happy to.

So think about up to this point in your life, how many vehicles have you purchased? Whether you paid cash for them, whether you lease them, or whether you finance them. So just give me a number, quantity of vehicles that you've had the use of up to this point in your life.

Oh my. Somebody said 16. Oh, Dan. God bless you. 16 plus for Dan. 5, 3. 1, 2, 3. 5. We've got to be at almost 50 already. 6, 4.

So we're up to how many?

That's some quick math. I'm going to go ahead and say 50 at least. Jason.

Okay, so let's say. Oh, boy, it looks like the answers are really pouring in here.

They sure are.

All right, so let's just say, I don't know, why don't I cap it here at 80? 80 vehicles. Let's say the average purchase price, 30 grand.

That's $2.4 million of money that's been permanently transferred away from everybody who responded to that question. Wow, how many more vehicles are you going to have the use of or require the use of for the remainder of your lifetime? Do you know that people will spend more money on car payments throughout the course of their lifetime than they'll ever save for retirement? It's absurd. I want to share with you my example. Back in September 2017, I decided to buy this car. This is a Ford Explorer, limited edition. No booze. There's a reason I chose Ford. Back in the 08 09, during the financial crisis, when the TARP bailout money was being obviously distributed, the federal government in the United States had flown in the chief executive officers of all the major auto manufacturers, including the CEO of Ford, as the Senate Finance Committee was grilling all of these chief executive officers for getting to the meeting by flying on the private corporate jets. When they got to the CEO of Ford, they asked him, they said, listen, if we give you this bailout money, would you agree to reducing your salary significantly, foregoing any bonuses, forgoing any of your stock options, all of those things? Well, he just quietly had a pregnant pause.

He leaned into the microphone and he said, actually, we're not going to require any of the bailout funds. Thank you. And I'm quite comfortable with where my salary is.

And it should be no surprise to you that the Ford Motor Company has several billion dollars in cash values in participating dividend paying whole life contracts. And so I decided to give my business to Ford. Now, I could have purchased the vehicle by paying cash for it, leasing it, financing it, but I chose becoming your own banker. Now, what is the lost opportunity cost of choosing cash over leasing over financing? It's astounding. If you were to calculate the amount of interest that you're giving up, the opportunity to earn, make sure you're sitting down when you complete that calculation. It is absolutely appalling. So by me choosing to purchase this vehicle, so I had an objective buy the car. I had options. I Chose becoming your own banker. I implemented the process. Here's how I went about doing it. So I capitalized my policy. Don't be afraid to capitalize. Remember Nelson Nash's second golden rule? Your money must reside somewhere. I requested a policy loan for $55,000 using my cash value as collateral. Remember Nelson's fourth golden rule? Don't do business with banks. The insurance company placed a lien on the death benefit of the policy for the loan balance. While 100% of my total cash value continued rising and still is rising every day, I'm in a position of total and absolute control. I control the repayment schedule. I decided to repay my policy loan at a rate of $1,066 a month for five years. We're still making those payments every month, but we've redirected that money back to an entity that we own and that we control. We immediately improved our financial situation. Remember Nelson's third golden rule? Don't steal the piece. We make those payments every month. Now, if I decided not to make the payment, nobody from the insurance company is calling me. And the reason is that the lien is on the death benefit and the collateral is guaranteed by the insurance company itself. So they don't require a repayment schedule. They know that the loan is going to be repaid either while I'm alive, on my terms, or if something happened to me and I passed away, the death benefit would extinguish the loan and my family would still own the car.

Isn't that good? Heaven forbid. We know that because it's a life insurance contract, it has a death benefit associated with it. And when that day comes, there's going to be a significant tax free windfall that shows up exactly when it's needed the most. Now where did the money come from to buy the car? The life insurance company. I did not use my own money. I borrowed against my own money. I used the life insurance company's money to buy the car. And that loan is private. It's not reported to Transunion. It's not reported to Equifax. It's a private loan. A private contract. A private company. I'm in control now. Who's getting all the money?

Jason's banking system.

Me.

That's right. Awesome.

The First national bank of the Low family is getting the money and we get to re access everything we put back in. Are we paying interest? Absolutely. Capital has a cost. And if I get to re access everything I put back in, does the interest rate matter to me?

I want everybody to think about that. Remember Nelson Nash's fifth golden rule to rethink your thinking. When a consumer thinks about borrowing money, they think about the interest they're going to pay. When the banker lends the money, the banker is focused on the interest they're going to earn and what they're going to do with that earned interest. They're going to keep that money in motion. That's what the insurance company is doing. They don't let money sit still. The reason why insurance companies continue to be the most financially solvent institutions on the planet is because the insurance companies cannot inflate their money pool. They cannot inflate. Your money must reside somewhere. What better place to have it reside than here? And from this place, you can become your own banker. Now, what happens if I choose to stop or modify my policy? Loan repayment. I'm in total control. I call the shots. Remember the grocery store example? I'm the owner. I call the shots, and I choose to put the money in the cash register and put a little bit more money in there so that the insurance company has more capital available for me and for everyone else who needs access to money. How much of the money that I put toward policy loan repayments can I use again? All of it. Because what was happening to my total cash value every single day that I'm driving this vehicle up? You got it up.

Yes.

I'm kind of like an Uber driver, but I never have to pick up any passengers. I drive the car every day and my total cash value keeps rising. I get the car, I have all the money, and I've recaptured all the interest that I would have given up the opportunity to earn.

Because my total pool of financial value is never doing anything other than growing every day. If I can do this for cars, is there anything that we can't do it for? Remember Nelson Nash's fifth golden rule? Rethink your thinking. Now, when I access a policy loan, do I have to pay interest? I want to hit this point again because remember your consumer mindset. You have to think like a banker. Rethink your thinking.

Think about all the interest that you're going to earn and how long you're going to earn it for. Not the interest that you're going to pay. The simple interest on a policy loan. It's incredibly cheap capital. When this particular life insurance company announced that they were reducing the simple interest rate on their loans, I think I was the only person on the planet that sent a note to the CEO of the company complaining, I'm disappointed that you're bringing the rate down. It has nothing to do with the rate. It has everything to do with the volume and more importantly, who that money is being put to work for. Now, I want to talk about a personal guaranteed retirement solution here. I want to switch gears. Now, I don't personally use the word retirement. I prefer the words passive income time. Now here's Nasia, age 45. Her objective was to have 39,000 in net annual retirement income from age 65 to age 90, a very clear, very well defined objective. She deposited. She said, well, look, I could put a little less than 30,000 into an RRSP each year anyway. So I'm just going to rethink my thinking. I remember that my money must reside somewhere. I remember that the policy is not a tax, it's not a creature created by the tax code or anything like that. So I'm going to put my capital inside of a dividend paying, participating, whole life contract and I'm going to fund it for a minimum of 10 years. Now, total in 300,000 bucks from age 65 to age 90, Nacia accesses 39,827 per year, tax free. Total out a million $35,502. She passes away at age 91. She leaves 586,000 tax free to her beneficiaries. Now ask yourself this question. Is it easier for NAsia to save 300,000 inside of a policy or to accumulate 1,035,000 inside of a mutual fund or an RRSP?

Think about it.

Now, for investors and business owners, we work a lot with chartered accountants. We're very blessed to receive referrals and introductions from chartered accountants. And we do great work for their clients. And Tim Dawson, who's a senior partner with M and P, he shared this testimony. He said, I want you to get this word out. I want you to share this with others. Because when I first was introduced to this process, I suffered a little bit from the arrival syndrome. I thought that I had already known everything there was to know about life insurance and that there wasn't anything new for me to learn. And so when he spent some time with me and we went through this process and he started to implement it himself, he was kind enough to share this with me and say, listen, I wouldn't hesitate to put Jason in front of anybody. And based on what I know now, I know and recognize that this is an incredibly, a big advantage for my clients. And I'm very honored to work with Tim and his clients and several other chartered accountants and their clients. Coast to coast. Now let's talk about a business owner who's looking for a guaranteed retirement solution. So the corporate owner says, listen, this is Dylan, by the way, age 45. And he recognizes that all of his net worth is tied up inside of his business. His objective was to have 41,000 of net annual retirement income from age 65 to age 90. His corporation puts $50,000 a year into the policy and the corporation is going to pay for it for a minimum of 10 years. So a total in half a million bucks. The corporate tax on the daily cash value growth in the policy is a whopping zero. So there's no taxation on the accrual of cash value inside the policy. The passive investment income tax is zero. This policy is exempt from the passive investment income tax rules. From age 65 to age 90, Dylan accesses $41,005 per year tax free. Total out 1,066,130. Passes away at age 91. The net death benefit is 806,717. But his death gives rise to what's called the capital dividend account, which receives a credit for 3.5 million, meaning the surviving shareholders of the corporation can not only get access to the net death benefit proceeds, but they can also extract other assets out of the corporation on a tax free basis via tax free capital dividends. Isn't that good?

Dylan gets it. He caught this very quickly. He understood that his wealth has to reside somewhere. What better place to have it reside than here? And he knows that throughout that whole period of time leading up to his retirement, when his practice needs a new operatory, a new piece of expensive 3D lasering imaging equipment, he doesn't have to use an outside lender or an outside bank. He's able to purchase that expensive equipment by using his own system and the corporation gets all the capital back. Now let's think a moment about our kids, our grandkids, our great grandkids. Remember Nelson Nash's first golden rule, which is to think long range, three generations past your own. We've been taught to be divisive in the family. The wealthy don't talk that way. Where you may recall growing up your parents or your grandparents, or maybe someone who taught you about money, maybe they sat down with you at some point and said, hey, you know what? Someday you're going to move out of the house, you're going to start your own family, you're going to have your own mortgage, you're going to have your own bills, you're going to Understand? Well, the wealthy don't talk that way. The wealthy circle the wagons. The wealthy say, listen, when you're older, you're going to need access to capital for property, vehicles, business opportunities, investment opportunities, etc. Don't shop outside the home. We want those loans in the family because we want the flow of the money coming back, not flowing away. Let's keep the money in the family. Now this guy that you see here, oh boy, I don't know. I'm going to show you a picture of our annual family banking meeting. Now this guy, this is Uncle Redneck. And we don't invite him to our. I'm not sure, Vern, how this picture even ended up in these slides, but we don't invite him anymore.

To the family, the annual family banking meetings because he stole the P's and so he was not invited any longer. Now the picture that you see here of our family, this is at our annual family banking meeting. Yes, we have an annual family banking meeting. And at this particular meeting it was on a cruise ship where my sister in law got married. And the cruise ship was very generous. They said, hey, we have a conference room nobody's using. You're welcome to it. So we hosted the meeting. We record every single meeting. And at this particular meeting, my son Jackson, who is 12 years old now, he had just repaid his second policy loan. And so we were acknowledging him and recognizing him. And the children, they catch this much quicker than the adults do. Children have a much higher neuroplasticity than adults. That's why it's so beneficial to learn a new language at such a young age. And so we recognized Jackson and all that he said when he got recognized is he said, yep, keeping the money in the family, dad.

And so we were so proud of him. And everyone that you see in this picture is insured. We have 51 policies in our family banking system, so we're diversified in lives. Insured. You may have heard that term. If you're familiar with investing, you may have heard mainstream financial advice. You need to be diversified. Well, we are diversified. With 51 policies in our family. Death will come and when it comes, it's going to bring a windfall back to the family. And I want to share something very personal with all of you. This gentleman that you see here to. To my right in this photo, this is my father in law, Larry. And we named him, nicknamed him Papa Haps because he was a huge Montreal Canadiens hockey fan his entire life. And when he retired from the Edmonton police service after serving a 35 year career. I sat down with him a few years into his retirement and I said dad, I want to insure you and I'm going to pay the premium, I'm going to own the policy. And he said, well son, he said I don't think I'm insurable, I'm type 2 diabetic. I said well dad, why don't we find out? Let's make application and let's find out. So we did that and got him approved. And I told him, I said God forbid if anything happened to you. We're going to take care of Nona, which is Papa's spouse. We're going to make sure that she never has another bad financial day for the rest of her lifetime. And we're going to also make sure that all nine grandkids have a policy put in place on their lives from you as part of your legacy. And the only thing that I want in return is to be reimbursed for the premium that I deposit into the policy. And he said great, let's do it. So we got him approved, got the policies in place and last September, sadly my father in law passed away after a very short battle with a very aggressive cancer. And when he passed away and the death benefit proceeds were received, we were able to fulfill that legacy and I was able to honor my promise to him. And so this is going to happen. You're going to lose loved ones and this is something that is going to be a part of Papa Habs legacy. We've already shared with all the grandkids what he did, why he did it, and our children and my nieces, my nephews, etc. They all understand the importance of why we are doing this. We are teaching them from a very, very early age. So I appreciate you letting me share this very personal story. And obviously we miss Papa. We think about him every single day.

Great story Jason, thanks so much for sharing that. And I think this might be a great time to step in with a couple of really good questions. You just showed your whole family and you talked about your robust family banking system. I personally have many policies in my system as well. And Michael asks, is there a benefit to one large policy versus a few small ones, smaller ones?

Well, the whole objective of implementing this process is to not try and solve for becoming your own banker in one policy. This is meant to be a system of policies that is created over a long period of time. So great question, thank you for asking.

Yeah. And Crystal, I'll answer this quickly from Crystal. She just says what if my mortgage is paid off and I have lines of credit, we sort of addressed that earlier. You know, we can use the process to eliminate any type of debt or anything that you have the need for, the use of money for. Isn't that right, Jason?

That's correct. Yeah. It's not just about debt elimination. It's about becoming independent, truly becoming your own banker and creating that financial security and certainty and knowing that you're going to need to use some money for the rest of your life, regardless of what it's for. And that should be flowing through the books of your banking system, not someone else's.

And you were just, again, talking about beneficiaries and that sort of thing. And Crystal has another great question about.

That, and she just says, can you name a charity as a beneficiary? You sure can. Thank you for asking that great question. The answer is a resounding yes. And we have many clients who do that.

Jason, I have to ask this question just because I know how you're likely going to answer it.

So ask.

Rahan again says, I like this idea.

But I'm wondering why everybody's not doing it. Well, I think that's a very, very valid question. Absolutely, yeah. The people who understand this are doing it. And so what's really important to recognize, if we just look at rethinking our.

Thinking, if the minority of people in the world are accumulating and controlling the wealth, then why do we continue to do what the majority are doing financially? It makes no sense. Warren Buffett is one of the biggest fans of life insurance companies on the planet. He's also the very best investor of our lifetime. And he said the reason he loves life insurance companies so much is because of the enormous cash float that it creates, enabling them to purchase more businesses. And so that's Warren Buffett taking control of the banking function as it relates to his needs and to Berkshire's needs. And so you can do this whether you make $10 an hour or you make $10,000 an hour. Now that you know this information, you've got to take action, because the longer you wait, the more you're going to penalize yourself.

Sure.

I think this gives us an opportunity to talk a bit about our process and how we coach clients here. So Adrian asks, what happens if you can't make premium payments anymore?

There are an abundance of flexible options to be able to address that. Far too many to share in our webinar this evening, but rest assured, there are options to help you navigate through that, whether it's a short term financial difficulty that you're experiencing or a longer term financial problem that you're experiencing. There are always options to maintain the policy.

I want to ask all of you to think about all of the money.

That leaves your family.

Up to this point in your lifetime for everything that you see here on the screen. Mortgages, investments, cars, property, weddings, taxes, insurance, RVs, personal expenses, business expenses, vacation, sports, hobbies, all the above. Now add up all that money that you've earned and spent up to this point in your life. Can you write me a check for that amount today?

Have the banking process work for you rather than against you. Now, I will say you don't have to get a policy or a system of policies from us. There are lots of great people that you can work with. But please don't try to do this alone. Households and business owners who do this right, they all have a good coach. I recommend getting a good coach. Think about the greatest hockey player that we've ever known, Wayne Gretzky. He was coached every single day and he embraced that coaching. He recognized that his coach was responsible to him, not for him. This is Ryan Nugent Hopkins of the Edmonton Oilers. Him and I together at a charity event that he.

Was the honorary spokesperson and we had a chance to spend some time together. And Ryan would tell you that he really truly values the coaching and recognizes just how important having a good coach is. And when you choose who you're going to work with, here are some things to think about. Firstly, you have to be careful about the life carrier that you put your policies with and ensure that your policies are designed properly. Secondly, most people who are selling you life insurance, they do not have any expertise in the process. It's so important that you're working with somebody who's thoroughly familiar with the process of becoming your own banker. The infinite banking concept. You can purchase a participating dividend paying whole life insurance policy from any one of a hundred plus thousand life license agents in our country. They'd be happy to sell you one. What we're talking about here is making sure that you know how to use the tool, that it's built properly, that it's being used properly. And so make sure you have a good coach and make sure that you choose someone who is an authorized infinite banking practitioner with the Nelson Nash Institute. Now, all of our teammates who are coaching clients are all authorized infinite banking practitioners with the Nelson Nash Institute. Now here's what that means. It means that these folks have been through a curriculum, they have been through a rigorous mentoring process. And they are practicing this process in their own life and can demonstrate that to you. And they practice what they teach. Very, very important. Now the reason you should do this in your life now is because you deserve the outcome. Now, the longer you wait, the more you penalize yourself. The real questions are what's the cost of doing nothing? What's the cost of just one more year of all of your money leaving your family or your business permanently? What's the cost of giving up all the interest that your money could have otherwise earned? Schedule your call with us. It's included with the webinar. Now here's a quick recap. The difference between you getting stressed or staying relaxed financially is who controls the banking function in your life. You don't have to put your money in prison for decades and rely on someone else to achieve the financial abundance that you deserve today. You don't have to be rich to become your own banker. This process, you might be thinking to yourself, okay, well this looks awesome, but how will I know if this will work for me? You have to schedule that call. Click the link that you received or text the word schedule to 780-809-4599. Again that's 780-809-4599 and reserve a day and time that works best for you. Here's what you're going to get. You're going to get a one on one conversation with an authorized infinite banking practitioner on our team. We'll make sure that you're connected to the right person on our team. You're going to have access to an online video series that was developed by the Nelson Nash Institute. This is normally a $49.95 US purchase price and we are going to give you access to that with our compliments at no cost. You're going to get a clarity meeting. Now you might be thinking, okay, well this all sounds great, but I don't want to do this alone. Don't worry, you won't have to. You're going to get lifetime mentoring, quarterly group coaching sessions. You'll have access to your authorized infinite banking practitioner as your coach. We have an online client portal which is a password protected access to you to access a vault of information. We are truly going to teach you to become your own banker. We have tutorial videos. We have step by step process. We have all of these resources at your fingertips so that you can access it 247 and you get all that lifetime mentoring and coaching. There's a ton of valuable resources for you to access online you can access our YouTube channel, the Banker's Vault. Again, that's the Bankers Vault. So just ease on over there when you get a chance and hit hit the subscribe button and stay on top of all the great videos and recordings that we're putting out there. We have an amazing podcast, Wealth Without Bay Street Again. It's available on YouTube as well. If you want to tune into our amazing podcast, we put out and release new episodes every single week like clockwork. Now remember, Nelson Nash said that if you understand the problem, the solution will become clear and you'll know exactly what what to do. Someone has to perform this function in your life and it should be you. We are blessed beyond the definition of good fortune to receive such amazing testimonies from existing clients who have implemented this process in their lives. And we are so excited to be able to have the opportunity to work with you as well. Now if all this process did was keep more money in your family or business, would it be worth it? If all this process did was create a peaceful, stress free financial life for you and your loved ones, would it be worth it?

The Power of Commitment to Yourself There is immense power in commitment to yourself. You do have options. The first is do nothing and nothing will change. You'll continue to work your butt off for the banks and everyone else will continue to get all of your money. The second option is to schedule that call and take hold of your personal finances and put the control back in your hands. If you're committed, what would you do?

Are you committed?

I want you to picture a day when financial control is in your hands. Not a bank, not the government or a risky stock market. I want you to picture a day when your spouse leans over and says thank you. Thank you for not making me wait 30 years to enjoy the lifestyle that we deserve today. Picture a day when your finances are exactly where you want them to be and you know with absolute certainty you can have the freedom to travel when you want to travel, relax when you want to relax, and serve when you want to serve. Now here's another thought. I'm going to take you back here a little bit. I'm going to age myself. So I was 24 years young and all my belongings were packed in my Chevy Beretta and I was ready for the three day drive from Timmins, Ontario to Edmonton, Alberta and standing in the foyer of my dad's home, I'll never forget it. He wrapped me in this big bear hug and he said, son, I'm so proud of you. Drive careful and when you get to Edmonton, please give me a call and don't get any speeding tickets along the way. I got pulled over by the RCMP right outside of Winnipeg and I got my first speeding ticket. And when I arrived in Edmonton, I didn't call home. I got straight to work. And about three weeks later I was out to dinner with my team and I remembered that my dad had asked me to call. And so I called home and my stepmom Beverly answered the phone and I said, hey, is dad available? Can I talk to him? And she said, well, he's in the bathroom right now. Do you want to wait? And I said, no, I don't have.

A half an hour.

Could you just please let him know that I apologize for not calling sooner and I apologize for getting a speeding ticket, but things are going great and we'll catch up as soon as I can. And she said, of course, I'll let him know. And the very next morning when I was at work, I was paged urgently to pick up a phone call. And when I picked up the phone, it was my stepmom, Beverly. And she was frantic. She told me that my dad had passed away suddenly and unexpectedly and that I needed to get home right away. And of course I was devastated. And I want you to know that I know that it's human nature to procrastinate and that we think there's always going to be time. But what I learned is that you can't wait. Now, when my dad passed away, suddenly and unexpectedly, I felt lost. I felt full of regret and that I had let him down. Since then, I've dedicated my life. I've dedicated my life to helping people just like you to live a fulfilling life now so there's no regrets later. You deserve a lifetime of no regrets. You deserve to be in control of your financial future. You deserve a lifetime of abundance. So join me and let's get you the life that you deserve. I want to take this moment to congratulate you again for being here with us this evening. And while it's real chilly outside, we hope that you warmed up to all the ideas that we shared with you here tonight. So I thank you all for attending. I look forward to hearing all the stories from all of my teammates about all the becoming your own banker calls that are happening as a result. And I wish you the very best. I wish you prosperity and abundance. So thank you all again for joining us.