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

Get Back Control of How You Finance Your Needs and Wants 👌

31 Jan 2024 · 1 min

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Richard Canfield explains the infinite banking concept for personal finance. Where you place your money and how long it works matters more than interest rates. He frames becoming your own banker as a choice about where capital goes and what value it creates.

Chapters

Your money must reside somewhere. It's just a fundamental truth. If you have an entity that can accommodate your capital that you have an absolute beneficial interest in seeing create more enterprise value for that warehouse of wealth, how much of your capital do you not want residing there? Because a fatal error in thinking is that the process of becoming your own banker, the infinite banking concept is a function of interest rates or rates of borrowing. It's all a matter of where the money is flowing to, who that money is being put to work for, and for how long.