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

Invest in Your Peace of Mind 😌

7 Feb 2024 · 0 min

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A short excerpt from a February 7, 2024 YouTube video by Richard Canfield discussing using cash value inside insurance policies as an alternative source of liquidity and capital. The speaker labels the downside of holding cash elsewhere as a "liquidity drag," argues that keeping funds within insurance policies reduces pressure to chase high external returns (mentions BlackRock as a counterexample), and frames the strategy as delivering "peace of mind" by establishing a reliable cost of capital.

If you can take that cash value in your policies and then put it to work and leverage it in other ways, then you don't have. I call it this liquidity drag. So, like, I never have money burning a hole in my pocket because it's safe in my insurance policies and I'm not pressured to go out and get a rate of return like BlackRock is, to go spend their investor dollars, like you were saying, Richard, and potentially make a poor investment. So I think when you set it up, what ultimately happens is you give yourself peace of mind, like you were saying, Richard, you give yourself a cost of capital.