A brief conversational clip from a YouTube video where Richard Canfield and a guest discuss the "infinite banking" concept and challenges of self-educating in real estate and investing. The guest notes there are many resources which makes choosing the right ones difficult, recounts first hearing about the concept 3–4 years earlier but not acting, and urges listeners to start now because the method is simpler than expected and time lost is irreversible.
Chapters
On learning about the infinite banking concept, beginning to implement that in your life, and likewise probably just learning about real estate. How have you found access to different resources that you can get at your fingertips, valuable in your journey of educating yourself?
There is so many resources, and in a way, that's precisely the problem. Like now, the difficult thing is knowing which ones to follow, which ones to listen to. I had heard originally about the concept, literally about three or four years ago, and I was like, interesting. But I never did dug deep enough and pushed myself to be, hey, is this actually something I want to do? As a side note, I'll share it with you because nobody else is listening. Is that when we actually understood more exactly of how it worked and how simple it is? In a way, time is something that you'll never get back and then don't do. Like me, where three years later you're like, oh, I wish we had done it a little while ago. Start now. It's not that complicated. You just need to understand how it works.