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

The Pool Of Funds Concept

1 May 2024 · 1 min

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0:38

A short excerpt (testimonial-style) from a YouTube video titled "The Pool Of Funds Concept" (Richard Canfield, May 1, 2024). The speaker recalls the book's "pool of funds" graphic as a transformative visual that revealed prior ignorance about where personal money goes and how institutions (banks, insurers) use those funds. Understanding the graphic helped the speaker see opportunities, take action, and decide where to position themselves within that shared "sandbox."

Chapters

What is one part of the book that really resonates with you time and time again? The pool of funds is always very much ingrained in my memory, because that was such a transformative visual for me to see, especially the ignorance that I had with where my money is going, how the bank is using it, how insurance companies could even use it in dividends and all this thing. And so once I really understood how to read the pool of funds graphic, we can do something with this and that, that gave me the knowledge, really, that I needed in order to take action and to move forward, because I could see it visually on how that the pool of funds is just an opportunity for us all to play let's all jump in the sandbox. But we just have to figure out what line in the sandbox.