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

Borrow Smart, Live Debt Free

30 Jun 2025 · 1 min

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A short conversational clip from a YouTube video in which Richard Canfield and John discuss managing finances in retirement. They focus on how retirees receive retirement income yet must balance borrowing, repayment obligations, purchases, and living expenses to maintain a sustainable future.

Chapters

Impact of being in a retired state. We have people who often will say things to us or ask questions, John. They'll say, well, what am I going to do? Or how am I going to pay premium when I'm retired? Being retired, you're receiving a retirement income, and you're still creating a future bigger than your past.
The thing is, when you balance it out, that's the thing you have to learn to do or have to know how to do. Because I could keep borrowing, then I won't have anything to pay it back, and then it's gone. So I have to make sure that I keep my balance between what I borrow, what I have to pay back, what I'm buying. I got those three, plus I have to live in between.