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

Policies as a Pathway to Buying Businesses

5 Jun 2024 · 1 min

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A short excerpt from a YouTube video by Richard Canfield describing how he used formal policies (insurance-based) as a financing method to acquire businesses. He reports buying more than 30 businesses using the "infinite banking" concept, selling some later, and running his household and companies with business-like discipline — including a consolidated personal profit & loss reviewed monthly.

Questions this video answers

More than 30 businesses.

The infinite banking concept (insurance-based policies).

At the end of every month.

Chapters

I really wasn't the free business owner where they don't really have to do anything on a day to day basis and the business will be fine and it's running and it's growing and everything else. So I said, okay, I got to go buy some businesses and I got to start these policies. I did that and I use my policies to go buy businesses. And then I went, wow, that was easy. And you know what? I got all this money flowing back in. I don't need it. So I'm going to buy more. And I bought more than 30 businesses using the infinite banking concept. And I'm still looking for businesses. I've sold some, I've gotten out of some. If you call yourself a real estate investor, you're in the real estate business. Got to run it like a business. We run our family like a business. We have a personal P and L at the end of every month. How much came in, how much went out, all the different companies feed into this and we run it like a business.