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

The Value of Investing in Yourself and Working With a Mentor 😉👌

2 Dec 2023 · 1 min

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YouTube video by Richard Canfield (Dec 2, 2023) discussing the infinite banking concept ("becoming your own banker"). Emphasis is on the importance of proper policy setup to avoid long-term losses, and the value of working with qualified mentors/coaches. Speaker recommends explaining downsides of improper setup, sharing personal experience, and providing contacts for trusted advisors; speaker also says they do not feel qualified to teach but endorses the professionals who helped them.

Chapters

What advice would you give to people who are. They're investigating this process of becoming your own banker, the infinite banking concept. In learning about this process, in terms of who they should decide to ultimately have coaching and mentoring them, I would.
Definitely try to explain to people probably first, the downfalls of not doing it this way, because you can work 30 years for someone and end up with nothing if you don't set it up properly. And then tell them what I did do, and then give them all the contacts that I used, because I don't. I don't feel qualified enough to teach somebody, but I feel the people that I worked with were very qualified. So I would tell them the negatives of not doing what I did and then give them the context of the people that did it for me.