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

Can You Get Rich Buying Cars? 🤔

2 Feb 2024 · 1 min

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Short excerpt from a YouTube video by Richard Canfield titled "Can You Get Rich Buying Cars? 🤔" The speaker critiques marketing claims that individuals (borrowers) get rich by using the infinite banking concept when buying cars, and emphasizes that the primary beneficiary is the bank owner (per Nelson's book). The clip also notes common consumer behaviors (paying cash, leasing, financing) in Canada and the U.S.

Chapters

Get rich buying cars by implementing the infinite banking concept. We just want to clarify that most of what we're seeing in marketing out there is placing a high degree of emphasis on a character in the financial play being the borrower getting rich buying stuff. And Nelson explained it very clearly in his book that the character in the financial play who's making the most money, understandably so, is the bank owner, not the borrower, who also happens to be the individual doing the buying. If we address 99.9% of the Canadian and American consuming public, they're buying cars by paying cash, leasing, financing.