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

The Infinite Banking Concept Misconception

2 Mar 2024 · 1 min

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Richard Canfield argues most people get infinite banking backwards: instead of minimizing insurance premiums, ask how much you can afford to pay and for how long. He pushes back on common financial advice that keeps people from understanding how to pay interest to themselves.

Chapters

Everybody's telling you to pay the least amount of premium when we should be having the discussion around how much premium can we pay and for how long, how much interest do you want to pay yourself so that you can find a method to pay yourself more premium? The reason I get on my soapbox about this is because I want to see. I really honestly want to see. Unrealistic, of course, but I want to see everyone be successful in educating the general public, having a great business, being in abundance. I authentically and in integrity want to see that for people when they're expressing things and using generalities, or they're using terms, terms that confuse the general public. I think it's also important just to point that out.