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

How to Take Control of Your Money & Build Wealth | Bill Bloom

17 Mar 2025 · 1 min

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0:58

Bill Bloom (speaker) gives practical personal-finance advice: he describes borrowing against insurance policies and repaying himself (he says he has done this twice by age 39) to avoid taking external loans and protect credit. He emphasizes automating money flows — mortgage/rent, investing, savings — so income (e.g., "five grand" a month) is allocated automatically, reducing financial stress and guesswork. He also recommends using debit or cash to stay "on the straight and narrow."

Questions this video answers

Twice

Five grand

Chapters

I have policies that I've taken loans out against to use and then pay it back and Deploy. And I'm 39. Right. I've done it twice. You could pay yourself back, and there's a power to that. I didn't have to go out and get a loan, get my credit screwed up because I have someone checking my credit. You have a better control. But it all comes down to figuring out what to do with your dollars first. And automate it. If you can, just automate it. If you have five grand coming in a month, automate your mortgage, automate your rent, automate your investing, automate your savings. If you just automate all that stuff, stay on the straight and narrow, use your debit card or use cash, it's a game changer. Your life could literally change, and that could be part of taking that guesswork and the stresses out of your financial life.