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

Be in the Driver’s Seat of Your Own Money 💺🤑

13 Jul 2023 · 1 min

Watch on YouTube

0:50

Richard Canfield argues that most people's financial lives are effectively driven by the banking system and recommends that individuals 'switch seats' to take direct control. Using a driving metaphor, he urges maintaining control so you can swerve or go off-road to avoid major market hazards (citing 2008 and COVID-era shocks) and thereby determine your own financial destination.

Chapters

Well, that person driving most people's financial life is the banking system. It's someone else's bank. So we want to switch seats with the driver and we want to put you in the driver's seat so that you get to determine the outcome of where the destination of that vehicle goes by maintaining the most amount of control. If, if you see something on the road ahead and there's a giant pothole or a sinkhole where your car is going to fall, know, down into the depths like, oh, I don't know, a massive market risk that shows up that takes out a global system financially like we, we saw 2008 and we've seen various degrees of that during, you know, the, the COVID time frame. Well, you want to be able to swerve the car. Maybe you need to go off road for a little bit to, to maneuver around that giant pit that showed up. So that's the type of level of control that we want you to have financially.