Pay Cash or Borrow - Which Is Better?
Episode description
Paying cash for big ticket items is the epitome of the American dream, right?
While satisying, and indicative of great financial discipline, it leaves the payor with a depleted pool of capital and largely places them in no better a position than someone who finances items from a financial institution.
Come join us as we discuss the pros and cons of paying cash vs. borrowing, and delve into the merits of using a banking system capitalized within a whole life insurance policy to finance our lives.
"This is the essence of what the Infinite Banking Concept is all about- recovering the interest that one normally pays to some banking institution and then lending it to others so that the policy owner makes what a banking institution does". -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept.
Connect with Doug MacKenze:
Website: Control Capital Solutions
Email: dmackenzie@controlcapitalsolutions.com
Connect with john Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: John@nashcashflow.com