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

Stop Paying Interest the Wrong Way!

27 Mar 2025 · 1 min

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Richard Canfield explains a footnote from Nelson's book that reframes how policy payments work. When you redirect payments from a finance company into additional premium instead, you increase the policy's cost basis and growth. This shifts where your money goes and how it compounds.

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You mentioned page 58 of Nelson's book. On page 58, there's a footnote. This is often the most misunderstood as people go through the book, but the footnote reads, actually this quote, unquote, interest is not really interest. It is additional premium or capital that has been paid into a policy that equals the interest that was being paid to a finance company. In other words, what was the amount of money and interest that was going to a third party? They were getting all the money before because we're now redirecting that and paying a premium. And that's increasing the growth of our system. That is the reason it is adding to the cost basis of the policy.