Wealth Without Bay Street 195: Using the Infinite Banking Concept to Reset Your Business What exactly does it look like to completely restart your life after 30 years and finding out that you're losing a business you've worked so hard in? Well, our amazing client Laura Harkin has gone through this challenging experience, and she's here to share the valuable lessons she's learned. From establishing a holding company and setting up a family trust to ensuring a secure financial legacy for the next ...
Nov 29, 2023•56 min
Wealth Without Bay Street 194: How to Go Big to Give Big with Randy Molland At our core, we have a passion for GIVING and truly connect with Randy Molland's various endeavors that are dedicated to impactful causes we deeply care about. Today, we had the amazing opportunity to sit with him in a heartening conversation, talking about his inspiration behind the GoBigToGiveBig movement, how he does time/energy management wisely, and what he is currently working on to create a new brand of entreprene...
Nov 22, 2023•46 min
Wealth Without Bay Street 193: Gold Backed Banking: The Best Form of Insurance Heads up, Canada folks! It's important to stay informed about some concerning developments happening around us. In this episode, we sit with Brett Oland as we talk about the latest 2023 budget, potential changes to federal matters and where credit unions hold an edge. Brett shares insights into the challenges faced by the banking industry and how he's innovating the game, especially in Alberta, Canada. WATCH ▶ Gold Ba...
Nov 15, 2023•37 min
Wealth Without Bay Street 192: Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole-Life Life Insurance Hey there! We're aware that many of you have been eagerly waiting for this reaction video. Dave Ramsey has been contacted by people periodically who inquire or have some comment about the process of becoming your own banker, the Infinite Banking Concept. But the conversation always shifts to or is always focused on the product rather than the process, which is really interes...
Nov 08, 2023•56 min
Wealth Without Bay Street 191: Building Legacy: The Jim Sheils Journey As your finances start to grow, how do you ensure your family grows alongside you, too? The last thing we want to do is be a success in business and a failure at home, right? Jim Sheils, a real estate investor and the amazing author of the #1 Wall Street Journal best-selling book, “The Family Board Meeting” totally gets it. Today, we have the pleasure of sitting down with him to chat about how to build true wealth, nurture ou...
Nov 03, 2023•48 min
Wealth Without Bay Street 190: Victoria Declares Whole Life Insurance Is A SCAM On this platform, we believe in sharing only honest and reliable information. Our ultimate goal is to help everyone effectively manage and safeguard their wealth and maximize the Infinite Banking Concept. Unfortunately, there are individuals who refuse to accept the truth, even when we present it logically and back it up with extensive research and a proven track record. Let's not be someone who values emotions more ...
Oct 25, 2023•38 min
Wealth Without Bay Street 189: What Are You Really Worth? “What Would the Rockefellers Do?” is one great read not just for advisors but for anybody who is looking to grow and protect their wealth for generations. In this new episode, we sit down with the author himself, Michael Isom who invites us to think about how the concept of human life value is crucial here. Our worth as individuals and the ideas we generate are what give rise to property value. So, it's a simple equation: to enhance our p...
Oct 18, 2023•36 min
Wealth Without Bay Street 188: Why Protecting Your Intellectual Property Should Be A Priority To bring fresh ideas and inventions to life – it requires time, money, dedication, and brainpower. Ensuring the security of your business starts with safeguarding your innovations and concepts right from the start. In this episode, we sit down with Devin Miller, Founder & CEO of Miller IP Law to cover what any startup and small business should know about safeguarding your intellectual property, whic...
Oct 11, 2023•33 min
Wealth Without Bay Street 187: How to Prepare for Future Financial Windfalls When the inevitable occurs and death comes knocking, there's something called a death benefit that you should know about. This benefit is completely tax-free, comes in the form of large money, and Nelson Nash wisely referred to it as a future windfall. So, we want to ask all of you: How well-prepared are you for the inevitable? And how ready are you to handle these future windfalls? Have you ever thought about it from a...
Oct 04, 2023•29 min
Wealth Without Bay Street 186: Whole Life Policy Design: What You Need To Know In Becoming Your Own Banker, page 38, Nelson Nash describes the attributes of a whole life policy that would be ideal for The Infinite Banking Concept. Unfortunately, most of us have been taught to see insurance as something we should contribute as little as possible to, while expecting maximum benefits from it. However, it's time to think of a different approach and redefine what PREMIUM should mean for you! The prem...
Sep 27, 2023•46 min
Wealth Without Bay Street 185: What is an Infinite Banking Policy? There is no such thing as ‘Infinite Banking Policy.' You may hear this everywhere on the Internet. Statements such as “here is how to get yourself an ‘Infinite Banking Policy.' These are three words put together a lot that never should be. Why, you ask? Because there's no such thing. Certainly, the call needs to be raised to our colleagues and fellow IBC practitioners, and we should be mindful of our language to educate our clien...
Sep 20, 2023•28 min
Wealth Without Bay Street 184: Should I Use RRSP Matching? From the time Canadians land their first job, they're commonly directed to invest in the Registered Retirement Savings Plan (RRSP) as a savings strategy. Interestingly, while it may seem that we're being nudged to place our money into this program by the people around us, the marketers, and the economic environment we live in – there's more to the story. Depending on your income bracket, using the RRSP in connection with your employer's ...
Sep 13, 2023•1 hr 8 min
Wealth Without Bay Street 183: Learn, Earn, and Build a Legacy with IBC We absolutely admire working with individuals who approach life with respect, have strong family values, an active mindset, eagerness to learn, and openness to coaching. One of our awesome clients, Thomas Eade, is a constant source of inspiration. He always finds a way to invest in furthering his own learning given the nature of his work where he is always on travel and generally not home all the time with his family – unden...
Sep 06, 2023•47 min
Wealth Without Bay Street 182: Invest In Your Most Valuable Asset Looking for unique ways to guard and grow your wealth, just like the top 1%? Dave Wolcott suggests that Infinite Banking is one alternative wealth strategy you should definitely pay attention to. This serial entrepreneur and ex-marine captain has come on board to discuss the major money concepts in his book “The Holistic Wealth Strategy, a Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life.” C...
Aug 30, 2023•47 min
Wealth Without Bay Street 181: Is Your HELOC A Ticking Time Bomb? Is your home equity line of credit (HELOC) potentially a ticking financial bomb? We sure hope not! Today, we're chatting with Henry Wong about some of the uncertainties in the HELOC market that's been noticeable in the Canadian landscape. We find ourselves navigating […]
Aug 23, 2023•52 min
Wealth Without Bay Street 180: Clarifying The Marketing Language Of Infinite Banking Everyone should be aware, especially our clients, what the Infinite Banking Concept is. Many practitioners sensationalize the message. The idea isn't about ‘beating' the bank, it's about becoming the banker. What you're doing is stepping into one of the four roles outlined […]
Aug 16, 2023•38 min
Wealth Without Bay Street 179: Estate Freeze with Richard Canfield & Henry Wong One thing that many people often forget is that we don't know when our best before date is. It's actually really important to be prepared for the unexpected by taking care of tax, estate and insurance planning, and ensuring the set up […]
Aug 09, 2023•1 hr 3 min
Wealth Without Bay Street 178: Cash Follows The Leader – Finding The Money To Start IBC You might be wondering, “How on earth can I find the money to start my infinite banking journey?” Here's the deal: you make money, you spend it, you make more money, and you spend it again. With this cycle […]
Aug 02, 2023•14 min
Raising Private Money: Insights from Jay Conner, Richard Canfield & Jayson Lowe In episode 177 of the Wealth Without Bay Street podcast, hosts Richard Canfield and Jayson Lowe dive deep into the world of private money, a crucial aspect of real estate investing. Joining them is guest Jay Conner, an expert in private money lending and raising capital. This episode offers valuable insights into private financing, attracting private investors, and the art of securing private equity for business ...
Jul 26, 2023•45 min
Wealth Without Bay Street 176: Cash Follows The Leader – The Foundation Of The Policy The more you explore the Infinite Banking Concept, the more opportunities for growth you will discover. It's one thing to gain control of your money – maintaining it is another. Chapter 2 of Cash Follows the Leader is where we […]
Jul 19, 2023•26 min
Wealth Without Bay Street 175: Cash Follows The Leader – Power of Control If you're new to exploring the Infinite Banking Concept, it's essential to understand the ins and outs of the process. We cover this in full in the book, Cash Follows the Leader. In Chapter 1, we reviewed how this system works using […]
Jul 12, 2023•22 min
Wealth Without Bay Street 174: When Do You Need to Set up Your Hold Company? with Henry Wong Every Canadian entrepreneur thinks of minimizing the level of exposure of their operating company. To achieve this, you can establish a holding company wherein funds can be moved outside the operating company and help cushion your capital […]
Jul 05, 2023•47 min
Wealth Without Bay Street 173: Kids And Money: The Power of Home Economy How do you teach your kids to create value? Simple, we gamify it with a fun app for parents and kids! It's so important to remember that the financial habits we teach them now have a ripple effect on their future. By […]
Jun 28, 2023•29 min
Wealth Without Bay Street 172: The Power Of Private Lending With Mortgages Are you not seeing the returns you hoped for with your retirement savings plans like RRSP, TFSA, LIRA, and the like? Why not consider private lending? It's a fantastic way to earn attractive interest rates in the real estate industry while supporting your […]
Jun 21, 2023•48 min
Wealth Without Bay Street 171: What Type Of Banker Rakes In The Most Cash? Which type of banker makes the MOST money? Well, this brings us back to the characters in the financial play Nelson Nash describes in the book titled Becoming Your Own Banker. First, it is vital to understand all four […]
Jun 14, 2023•26 min
Wealth Without Bay Street 170: Contracts That Guarantee The Delivery Of Money MONEY GOAL – there's a difference between hoping for something and being sure of it. Listen to Richard and Jayson's advice and make sure you're covered. Just like a lender wouldn't under insure an asset, you shouldn't do it to yourself either. When […]
Jun 07, 2023•33 min
Wealth Without Bay Street 169: Understanding the Shift in the Global Currency System Have you ever wondered where the Canadian and global currency systems are headed? Many people have asked us this question, so Richard Canfield and Henry Wong decided to share perspectives and opinions on it. We'll be discussing the future of the Canadian […]
May 31, 2023•1 hr 15 min
Wealth Without Bay Street 168: Infinite Banking Concept Fallacies and Myths Consider the image of a tree stump for a moment. Former forester turned powerhouse financial thinker Nelson Nash likens it to investing in a whole life insurance policy. He once asked, “What does each ring represent?” The answer: it symbolizes one year of uninterrupted […]
May 24, 2023•1 hr 6 min
Wealth Without Bay Street 167: Create Cash At A Discount Imagine giving just a nickel and receiving a dollar in return – that's a return on investment you simply can't pass up. Investing in a participating, dividend-paying whole life insurance contract is a smart move that ensures you can even generate cash at a discounted […]
May 18, 2023•23 min
Wealth Without Bay Street 166: How The Infinite Banking System Started Consider the image of a tree stump for a moment. Former forester turned powerhouse financial thinker Nelson Nash likens it to investing in a whole life insurance policy. He once asked, “What does each ring represent?” The answer: it symbolizes one year of uninterrupted […]
May 10, 2023•31 min
