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

Premium Should Be Your Income

12 Apr 2024 · 1 min

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A short excerpt from a YouTube video by Richard Canfield ("Premium Should Be Your Income", Apr 12, 2024) where the speaker explains a simple financial principle: recapturing and compounding interest via a policy (presented as tax-free), and then reflects on using policy loans for other opportunities to benefit himself and his family.

Chapters

It's all just based on recapturing and compounding. If you boil it down to its simplest form, it's just you're paying interest somewhere so you can recapture it. If you do it this way, and then you allow it to compound, it's just a tool that allows you to recapture and compound. And that became very clear to me this time around. That's why we're doing this, and it's all tax free and all that stuff. And then it gave me more of some background. My mind started moving towards what other opportunities I use as policy loans. Not only am I just going to sit there and use it as planned, what else can I think of that I could put this to work on to benefit me and my family? And when you start thinking like that, you start finding things.