A short promotional talk by Richard Canfield of Ascendant Financial introducing the infinite banking concept and applying it to how Canadians commonly buy cars. He contrasts financing (taking loans) and cash-buying (saving until purchase), argues both lead to repeated cycles where others capture the returns, and claims infinite banking can retain and compound that capital across a lifetime and generations. He invites viewers to register for a free on-demand class to learn implementation.
Chapters
Hey, it's Richard Canfield here with Ascendant Financial, the leading implementers of the infinite banking concept in Canada. Hey, I want to talk to you a little about the infinite banking concept and I want to recommend that you go ahead and put your name and email in so you can get access to the on demand class. You're going to love it. Let me tell you a little bit why people need to be learning more about this concept. See in life let's just use cars as an example. Most people in Canada, hey, we're driving cars, there's usually two cars parked in most families driveways. Here's how most of the Canadian buying public buys their cars. We start here at the zero line and a lot of people will end up going and they will finance that purchase. So they'll start below the zero line, they'll go and take on some debt, they'll get a car loan and then they're going to work and work and work and work and work and eventually get to a point where they've paid off that vehicle and they get back to the zero line. The problem is now that car's got all the dents and bumps in it from being on the road for five to seven years and we got to go right back to the point where now we go buy another one, we come right back down below, we work and work and work and work and work to get it paid for. And the whole time we end up going through that trade in cycle buying and whether it's one partner, the other partner, someone's usually swapping out a vehicle. Here's the other type of people that are buying cars and we have our cash buyers. Hey, great idea. Nothing wrong with buying cash. But here's what happens for most people. They, they don't realize they're still making a financing decision. That's something that the infinite banking concept comes in and it really solves it for us when we learn how to do it properly. So here we are, we're going to go pay cash but we can't pay cash for something unless we have the cash available. So first thing we've got to do is we got to work and work and work and work and we got to build up and stockpile a pile of money so we have a pile of cash and then that drops all the way down to zero when we go and take the money to the car dealer to buy the car, which means we don't have any money left over. We, we have to go and work and work and work and work and work to save up that pile of money again so that, boom, we can go buy the next vehicle. Now, this could be any capital item in your life. It could be a family vacation, could be really anything. The key is that we're going through this cycle and someone else is always ending up with the money. There's a way that we can contain and we can house that money so that you can create an uninterrupted compounding effect so that that money continues to grow at this point for the rest of your natural life. And we can create a multi generational impact. That's the power of what this infinite banking concept allows us to do. So go ahead, register for the on demand class. You're going to be really happy that you did. You're going to learn a ton. It's free education. And I can't wait to see you on the other side so you can start learning how you can take this knowledge and implement this system in your life so that your family can prosper and create dependable wealth. Thanks so much.
