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

Where Does Your Money Go?

21 Mar 2025 · 1 min

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YouTube talk (Richard Canfield) about personal financial flows and how routine financial transactions move earned income out of families and into other parties’ bank accounts. The speaker emphasizes that money must “reside somewhere,” that family members will need money throughout lifetimes, and that common payments (cash, leases, financing) systematically transfer funds away—an unnecessary problem. Recorded March 21, 2025.

Chapters

Your money must reside somewhere, and everyone in your family is going to need the use of money for the rest of everyone's lifetime within the family. Anything that you can think of that you would otherwise pay cash for lease or finance. When you understand that you're doing all the work to earn your income and you're not keeping any of it because you're systematically transferring it away through every financial transaction in your life, all that money ends up on the books of someone else's bank, which is where it landed to begin with, when you got paid. That's a problem because it's unnecessary.