Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Automate Your Finances & Take Control of Your Wealth | Bill Bloom

18 Mar 2025 · 1 min

Watch on YouTube

0:58

Spoken segment from a YouTube video in which a speaker (Bill Bloom) gives personal-finance advice focused on using policy loans responsibly and automating financial flows. The speaker recounts taking loans against insurance policies twice by age 39, emphasizes paying oneself back to avoid external loans and credit damage, and stresses automating mortgage, rent, investing, and savings to remove guesswork and reduce stress.

Questions this video answers

Twice.

39.

Chapters

I have policies that I've taken loans out against to use and then pay it back and Deploy. And I'm 39. Right. I've done it twice. You could pay yourself back, and there's a power to that. I didn't have to go out and get a loan, get my credit screwed up because I have someone checking my credit. You have a better control. But it all comes down to figuring out what to do with your dollars first. And automate it. If you can, just automate it. If you have five grand coming in a month, automate your mortgage, automate your rent, automate your investing, automate your savings. If you just automate all that stuff, stay on the straight and narrow, use your debit card or use cash, it's a game changer. Your life could literally change, and that could be part of taking that guesswork and the stresses out of your financial life.