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

The Best Place for Your Money To Reside

21 Dec 2024 · 0 min

Watch on YouTube

0:27

Short excerpt from a YouTube video by Richard Canfield arguing that individuals should have their money "reside" inside an insurance company that consistently produces a divisible surplus. The speaker advises allowing the insurance company to deploy capital for the benefit of policyholders/co-owners while the individual uses that position to manage investing and financing across their lifetime.

If you understand the truth that your money must reside somewhere, what better place to have it reside than here? And we're not saying have it reside there and then do nothing. That's the distinction. Let the insurance company deploy that capital for your benefit and for everyone else who co owns the company. And then from that place you can set about investing, controlling how you finance the things you need throughout your lifetime and so on. But your money resides inside of an entity that's never failed to produce a divisible surplus a profit, because it's engineered.