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

What is the Opportunity Cost on That Capital?

21 Mar 2023 · 1 min

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0:44

Transcript of a short YouTube conversation (Richard Canfield and a second speaker) discussing opportunity cost of capital—specifically how directing CPP (Canada Pension Plan) contribution dollars into an insurance contract can change control over funds, create greater outcomes, and form mutually beneficial relationships with insurers. The speakers emphasize designing income, control over use of capital, and using insurance vehicles instead of traditional contributions.

What is the opportunity cost on that.
Capital because you can't use it. You can't use it to pay off debt.
You can't use it to grow your assets in some other way. This is where when you're able to move from the aspect of being able to design your income a little bit, as you talk about in the book.
Henry, you.
Can have a little bit more power and control over the use of that CPP dollar to some degree.
So for myself as an example, since.
I've become aware of this and really understood this.
Aspect now I commit that.
Same CPP contribution amount that I would normally be.
Paying those guys into.
An insurance contract. So I'm creating far greater output and.
Outcome with something I control that's a.
Mutually benefiting relationship with the insurance company I co own and all the co owners of the insurance company. So perspective is what we're trying to get people to understand as we have these kind of conversations.