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

Reorganize Your Financial Life 📊 #shorts

4 Aug 2023 · 1 min

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A short spoken clip (YouTube #shorts) by Richard Canfield arguing that a policy's success depends not on abstract return metrics but on the actual deposits (premium payments) made by the policy owner. The speaker emphasizes that starting a policy requires reallocating existing money and suggests a financial coach can help identify where to find and move funds.

Chapters

The success or the failure of your policy has absolutely nothing to do with the internal rate of return and all these other metrics that people can, you know, latch onto. How does money end up in a policy? A policy owner prioritized putting money there. And so it depends entirely on the deposits. In this case, what we're describing are premium payments, money going in and staying there. And so again, when you're structuring this and thinking, where can I find the money to get started? It's going to require a reallocation. That's something that a great coach can help you with.