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

Control Your Investments Wisely

13 Jul 2024 · 1 min

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A brief YouTube talk by Richard Canfield about using control over repayment terms (notably when borrowing from an insurance policy) to give flexibility in investing. The speaker emphasizes making calculations before borrowing, considering what happens if an investment fails, and learning from past business mistakes; repayment timing and policy growth factor into the decision calculus.

Chapters

I've gone in circles around this a number of times about the control aspect, and that was a big one. The fact that you can control your repayment terms gives you the flexibility to invest the money how you want to, and it also makes you consider what you are investing into. Anybody that's done any business in the past, I've got several examples of some dogs, some boneheaded decisions that I've made that have cost a lot of money. And you have to take your lessons, you have to take your lumps. And when you're borrowing that money out of a policy to make an investment, you do have to make some calculations. And what happens if this investment doesn't turn out? The policies still growing? It's going to take a little more time to pay the loan back. But that all kind of factors into the calculation.