How Long Is Long Term?
Episode description
Anyone who has read the book "Becoming Your Own Banker" is familar with the adage "think long term". Whether stated explicitly or insinuated implicitly, this concept pervades the book and is one of the building blocks of succesfully implementing and adhering to a lifelong practice of infinite banking. The problem that we see (and that we ourselves sometimes experience) is that most are not actually thinking long term, even if they think they are.
Join your hosts as they attempt to redifine exactly how long is long term. We had fun with this one, and hope you will too.
"I was educated as a forester, graduating from the University of Georgia in 1952. A large portion of the root thought of this concept is coming from the study of forest finance- the fact that you are dealing with compound interest over a long period of time with no taxation on the build-up." - R. Nelson Nash, Becoming Your Own Banker
Connect with Doug MacKenzie:
Website: Control Capital Solutions
Email: dmackenzie@controlcapitalsolutions.com
Connect with John Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: John@nashcashflow.com
Connect with Doug MacKenzie:
Website: Control Capital Solutions