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

Is Your Money Secretly Draining Away?

25 Oct 2024 · 1 min

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Short excerpt from a YouTube video ("Is Your Money Secretly Draining Away?" by Richard Canfield) in which two speakers warn that everyday spending causes money to flow onto the books of other banks. They emphasize that, except for physically hoarding cash (jar, mattress, burying), virtually all money people and businesses handle ends up recorded at other banks, affecting families and employees over a lifetime.

Chapters

You almost become psychologically unaware of daily activity, of how your money is flowing away from you.
When that money lands on the books of someone else's bank. There are no exceptions to this. Unless you are stuffing money in a jar or you're stuffing it in a mattress, or you're burying it in your backyard, there are no exceptions to this. All of your money is flowing onto the books of someone else's bank. When you think about that in terms of not only yourself, but your business, all your employees, their families, your family, your extended family, all of that money that's flowing through your hands over the course of your lifetime, for everything that you spend, money.