Jason, Henry, and Richard Canfield argue that working harder won't protect you from inflation and taxes eroding your money. To keep $100,000 of 2015 purchasing power in 2025, you'd need roughly $150,000 pre-tax. They advocate using dividend-paying whole life insurance as a family banking system to preserve wealth and resist inflation.
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You can't out earn the league. The systems out there aren't designed for effort.
You've got a triple threat today. You've got Richard, you got Henry. Three guys who are just trying to make sense of why absolutely everything is suddenly more patriotic when it costs 30%, 40%, 50%, 100% more.
It's not just about working harder. You have to change how you are getting impact.
The process of becoming your own banker is just changing the terrain.
You can engineer yourself out of these circumstances. The key is are you willing to do it?
Inflation hurts dependent and the infinite banking concept rewards the prepared as inflation is sort of shrinking the value of that paper. That's all that money is. It's belief in a piece of paper. Your system of dividend paying whole life insurance contracts continue compounding.
The value of capital.
And men it.
So so infinite banking doesn't just beat the pants off of inflation. It shows up to the fight with guaranteed growth, with tax exemption. With the compounding factor that we described, ready access to capital on demand, on your terms without interrupting the assets value or reducing it and without triggering a taxable event. And if inflation is left standing there going who picked my pockets?
Right?
That's awesome Jason. You know the, the main thing when people look at the tools that we use and we support people. So we talked about structure at the beginning. Now we went a little bit deeper on the tool like the dividend paying whole life insurance policy. It's a tax exempt appreciating asset that when you are working with it properly it's going to support you as what you're doing with it, what you do with it and when you're using it properly the, the next component that why I'm going to talk about is if it's, if you're looking at the systems and you're dependent on other people's systems, when you're starting to create your own system and you're separating away from it, you need all of the ammunition you can get to help you in the circumstances. And with inflation most people are working harder. And the part that you, I love what you were sharing, I'm just going to add to it is you're not working any harder once your capital is residing in your own family banking function. And this part is now a great connection because there's all these other systems but I think most people are missing the component related to the relationship of the systems. So as it relates to the banking system, the currency devaluation or purchasing power erosion. Well how does that play a part to you working harder to earn more income to cover that gap. But most people now forget about this component which is taxes. I think most people understand the more income you make, the more they take. But the part that is missed here is, is how much additional punishment gets enhanced because of that. So what I want to share is going back to the example here. So the purchasing power from $100 in 2015 dropped 28,000 in 2025. And so to get back to the true amount that you had $100,000 post tax and with the 43% marginal rate, you have to earn roughly $50,000 more. So instead of $100,000 in 2025, your income should be about 150 just to maintain the same hundred thousand purchasing power that you had 10 years ago. So the key point is not just the structure. You have to change from. Sorry. It's not just about working harder. You have to change how you are getting impacted. And these include changing the structure, changing the way you do something, taking more control in what you do. You can't, you can't out earn the leak. The system isn't designed for effort. This is, the systems out there aren't designed for effort. I work harder doesn't mean I'm going to get, you know, pay less taxes. It just doesn't work that way.
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 to 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't Spread wealth dot com.
Going to love it. It's. Yeah, the average person just you said works harder. I'm thinking my brain goes to. The average person is running faster or trying to run faster. And the process of becoming your own banker is just changing the terrain.
Can't play the game anymore. Gotta change the game.
That, that's how I see it. And.
When. When prices go up. Right. The average person on Main street feels. Feel squeezed. But when you're controlling the banking function as it relates to your needs.
You see opportunity because you've got liquidity and you've got access to capital. So again, it's a scenario where inflation hurts the dependent and the infinite banking concept rewards the prepared. And you're doing what banks do, not what their customers do.
Big difference.
And how are the bankers making out?
And the industry is just based. Built on growth charts and not control charts. Right.
100%. We're slamming these analogies today. Like, we gotta transcribe this. I'm serious. This is good. I've gotten like 15 book titles already that I'm going to run past Richard. He's going to have a migraine before he goes into his weekend. But when the inspiration strikes, like I've got some book titles we're going to. Yeah, we're just letting the audience know right now we're putting out another book.
I just see Jason feverishly writing all of these down. He was just like going crazy. And you know the part just to kind of separate the noise that you may hear. Again, this is us trying to provide better signals for you. Is advisors mostly are trained just to look at a return projection. Things like 5% return projection. But what's actually happening could be something like 7% erosion to your purchasing power. And most advisors are managing portfolios. What I want to impress for the listener is we're helping you manage your system because we don't have a crystal ball. But if you have the. We can provide the guidance and the compass for your specific structure and your system and you can out earn the policies drag you have to out design it. You can engineer yourself out of these circumstances. The key is, are you willing to do that?
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