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

💰🏦 Life Insurance As An Asset: How to Create Cash at a Discount! #shorts

20 May 2023 · 0 min

Watch on YouTube

0:26

Short YouTube clip (Richard Canfield) prompting viewers to list assets on a personal balance sheet and mark which assets can be converted to cash immediately without triggering any taxable event or reducing the asset’s value. The exercise is presented as revealing and eye-opening—aimed at identifying tax-free, non-dilutive liquidity sources.

But I want you to write down if you were to create a personal.
Balance sheet.
Then write down everything that would land in.
The asset column and.
Ask yourself this question.
Put a check mark.
Which one of these.
Assets, if any.
Could I turn.
Into cash right away.
Without triggering.
A penny of tax and.
Without reducing.
A penny of the asset's value? Put a check mark.
Beside any of the assets on your personal balance sheet where you can turn them into cash.
Right away without.
Triggering a taxable event of any sort and without reducing a.
Penny of the asset's value.
It's going to be a very eye opening, revealing exercise.