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

Success with Infinite Banking Experiments

17 Jul 2024 · 1 min

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Richard Canfield, speaking in a YouTube video, describes experimenting with 'infinite banking' style insurance policies. He started a policy years ago with a chunk of money as an experiment, allowed continual compounding for life, and reports the experiment turned out well—enabling him to pursue an entrepreneurial path that he might otherwise have delayed.

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As I'm running it through the policy, I'm allowing that continual compounding to keep on going for the rest of my life. So it made a lot more sense after I started doing it. Of course, it started to make a lot of sense. And all of these things that I've done with the policies, they've been experimental. I had an opportunity years ago to take a chunk of money and get a policy started, and it was an experiment. And it's in a lot of ways that that experiment has turned out fairly well. And it probably allowed me to take this opportunity to go on the entrepreneurial journey now, versus, if I hadn't gotten it started, have held me back from making the choice to whether to stay or to head down this path or not.