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

Understanding How Banks Make Money

8 Jan 2025 · 1 min

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A short transcript excerpt from a YouTube video discussing a key insight: understanding how banks make money and the implications for controlling the banking function. The speaker describes an epiphany during their 'IBC' (Infinite Banking Concept) journey about cash value, miscalculating returns, and how that affected investments or short-term loans.

Chapters

I think one of the biggest aha moments is understanding the power of controlling the banking function and understanding how banks make money. It was probably three years into our IBC journey that me and Brandon had this epiphany one day, how banks make money. We had this epiphany about the cash value and how we were using it and the way we were miscalculating the rate of return on the money that we were using for investments or maybe some short term loans for people people or something like that.