This YouTube clip features Garrett Gasteel (new Ascendant Financial teammate) discussing Infinite Banking: he was surprised by how much conflicting, sensationalized content exists in the space and how that confuses families about who to trust. Garrett emphasizes that Ascendant’s approach is not financial-planner control but enabling families to take back control—treating family banking as a lifestyle that provides a permanent death benefit, stress reduction, and intergenerational wealth retention. The video also includes a promotional segment for the book "Don't Spread the Wealth," which promotes keeping wealth in the family and offers a 15-page bonus guide for running family banking meetings.
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I think what's surprising is how much noise is out there for people that causes a lot of distraction from people. They don't know who to trust and what to do.
Today you're about to meet somebody very special. Garrett Gasteel. He's one of our newest teammates in the United States on the Ascendant Financial team. And I will say, I mean, he may be early in his journey in being a practitioner, but he's definitely not early in impact.
We're not financial planners. We're not trying to give us all your money so that we're going to control your money. It's about you taking back control. People want this, and they don't even know that they want this.
I'm curious on that, Garrett, because, you know, you came in from practicing this in your own life at the personal level, then being. Being called to recognize that there was a shift, there was an opportunity for you to. To change the way that you could help other people. What surprised you about going from the. Doing this for myself and my family side of the world to being able to support and help other families. What's something that surprised you by making that change? And maybe something that, since you got started, even with Ascendant, that what you thought you were going to be getting for coaching mentorship has also surprised you relative to where you're at today?
That's a good question, because I think. I think what has surprised me is because I. I came into this directly through, like, Nate Scott Living wealth, and I didn't. I didn't watch a lot of other stuff. I just kind of read the book and then only listened to Dollars Nonsense, Nate's podcast. And I think what's surprising is how much noise is out there for people about this. You know, you people come and they have all these ideas or like, not ideas, and they've heard about Iuls and they're told, these are better. This is a better way to do this thing, and here's a better way to do Infinite Banking, and. And just how, like, how. There's a lot of great content out there, but there's a lot of voices in this space that are not. They're. They're doing their best, right? But they're sensationalizing what this is. And I think that that causes a lot of distraction from people. Like, they don't know what to. They don't know who to trust and what to do. And so that. That has surprised me because I think just like the path I took and that my brother took, it was just like Directly into the infinite banking fold. You know, Nelson's way. No, Iuls, none of that. And so, no, no, grow your money in multiple places, Magic bullet, whatever. Like, it was just like very simple. And it's surprising how, how much is out there about this and how sensationalized it is. I would say now that I'm coaching people through it.
Very true.
Okay, so you want to keep the wealth in the family. I get it. I hear you.
Me too.
That's why we wrote this book, Don't Spread the Wealth. Everyone tells you that you want to spread the money, spread the wealth around. No, no, no, you don't want to do that. You want to keep the money in the family with the people you love and care about, where it belongs for as many generations as possible. That's what we talk about in this book. In this book we have an incredible 15 page bonus you can download which instructs you on how to start the conversation with your family, on annual family banking meetings, how to host them, some sample exercises and a sample agenda. Tons of amazing great benefits. Go ahead, get a copy right now. Head on over to Don't Spread Wealth. That's Don't Spread wealth dot com. Don'tspread wealth dot com. You're going to love it.
What do you wish every American family understood about controlling how you finance the things that you need throughout your lifetime, uninterrupted compounding being in that driver's seat? Like what, what do you wish every American family understood about that?
Something I was talking to a teammate about this morning, actually. Jason, that is, it's a lifestyle, right? It's. This isn't like a financial plan. We're not financial planners. We're not trying to give us all your money so that you can. We're gonna control your money. It's about you taking back control. And I, I think that once you start doing that and seeing that and you understand how this is going to work for your family and how it's going to protect your family and care for your family long term. It. That feels really powerful and gives you a lot of peace. Something my wife always says is people, people want this and they don't even know that they want this. Like, everyone wants the death benefit, but they want it for really cheap. And then once you really need it, it's, it's done. It expired 10 years ago. Right. And so knowing that we have that permanent death benefit in place for our children someday is just, it's, it's a, it is a stress free way of life. And knowing that we're going to be able to finance things that we wish we had been able to finance through our family when we were going through life is just, it's, it's really exciting. And something my brother and I are trying to figure out is like, how do we do this? Like our families together? Because for so long we've kind of always, I've been doing it and he's been doing this and now that I'm hanging out with you guys, it's like, oh wait, they do this with their whole family. Like we need to, we need to start thinking that way because going to benefit all of us more down the road. Right? It's just more protection, more, more money flowing back into our families. Right? So, so, so I think, I think I would say that just back, back. To answer your question, Jason, it's a stress free way of life. Your circumstances are you're going to, banking is going to happen to you or you're going to be in control of it. And those are the two options. There's no way around it unless you use this process. And as long as banking is being done on you and not you in control of it, you're going to be less financially well off than you would be otherwise. It's pretty simple.
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