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

How Infinite Banking Prevents Costly Mistakes

14 Oct 2024 · 1 min

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Richard Canfield talks with a guest about how their deal strategy shifted. They slowed down, stopped rushing to deploy capital, and now wait for the right opportunity instead of buying mistakes they still own.

Chapters

What's changed mentally as you would look at a new deal today versus in the past?
I think speed of acquisition has changed quite a bit. When I'm talking about speed of acquisition, I'm no longer in a big rush with this money to use when I pull out equity before season, before the setup, sitting on all this cash, you're just looking for the next deal really quick. Maybe you're going to jump into something that you wouldn't have if you had the luxury of making money while you wait. That's one of the big things. So it really takes that edge off a little bit. Having said that, there are some properties in my portfolio that have been those type of mistakes. But after you've worked and pulled those mistakes through, you're going to carry them on.