Dollars and Nonsense

May 07 2024 429
Dollars and Nonsense Podcast artwork

Dollars and Nonsense focuses on helping individuals and families find financial freedom by leveraging the Infinite Banking Concept (IBC). The podcast delivers real-world tips, tricks, and techniques for anyone wanting to take their wealth to the next level. We do all this through the hosts sharing their vast knowledge and sitting down with experts. Plus, the show is for the average person—you don’t have to be a financial expert or an economics professor to get a metric ton out of every episode. We extract priceless resources and action steps for you and deliver them in a 30-minute weekly show. Learn more about the show by visiting https://livingwealth.com/podcast/ Our primary focus is a financial strategy called the infinite banking concept that allows you to control your savings and debt needs, helping you become your own banker, in essence. It was formalized by finance expert R. Nelson Nash in the early 1980s. But its roots go back much further.

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E233: How Infinite Banking Impacts Your Personal Income Statement and Balance Sheet

May 07 2024 33 mins  
In this episode, Nate Scott discusses the confusion that happens when you misclassify policy transactions as income statement transactions instead of balance sheet transactions. Nate explains the difference between income statement and balance sheet and how they interact with each other. He provides examples of income sources and expenses and how they affect the net free cash flow

E232: Top 5 FAQs About Infinite Banking

Apr 30 2024 35 mins  
In this episode, Nate Scott answers the five most frequently asked questions about infinite banking. He talks about the importance of choosing the right insurance company, how policies continue to grow even when borrowed against, the difference between direct recognition and non-direct recognition, the pros and cons of different policy designs, and the whether or not you should run

E231: Should I Use Infinite Banking Policies To Fund All My Investments?

Apr 23 2024 21 mins  
In this episode, Nate Scott walks us through the types of investments that make sense to fund using Infinite Banking policies and those that may not be a good fit. He explains why investments that produce cash flow, like real estate, private lending, and business expansion, work well with IBC. On the other hand, long-term passive investments, such as retirement programs and stock m

E230: 3 Reasons Why People Own Multiple IBC Policies

Apr 16 2024 23 mins  
In this episode, Nate breaks down the three main reasons why people who practice Infinite Banking end up with multiple policies. He explains what a MEC limit is, and what benefits you can get from insuring other people, like spouses, children, or even business partners. Nate dives into how policies can be strategically used for different purposes, like covering taxes or supporting

E229: Inside Look At My Policy: IBC Goes Beyond Arbitrage!

Apr 09 2024 31 mins  
In this episode, Nate debunks the idea that infinite banking is some magical arbitrage situation. He explains that infinite banking is about managing capital efficiently and using whole life insurance policies as a capital warehouse. He breaks down the misconceptions surrounding arbitrage in infinite banking and emphasizes that borrowing from policies is not dependent on the polic

E228: How to Become a Master Family Banker in 3 Steps

Apr 02 2024 28 mins  
Join Nate in this episode as he discusses the concept of family banking and reveals the three crucial steps to becoming a master family banker. Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth. The first step is to store capital, which can be done through dividend-paying whole life insurance

E227: Why Dave Ramsey’s Signature Advice Is Unbiblical

Mar 26 2024 22 mins  
In this episode of “Dollars and Nonsense”, Nate Scott challenges Dave Ramsey's advice on money and retirement. Nate shares his own personal journey and struggles with the pursuit of financial security, highlighting the pitfalls of hoarding money and seeking it as the ultimate source of fulfillment. By delving into biblical principles, Nate offers listeners a fresh perspective o

E226: How to Build Generational Wealth (3-Step Formula)

Mar 19 2024 28 mins  
In this episode, Nate Scott unveils the blueprint for establishing and nurturing generational wealth. He stresses the importance of adopting a mindset focused on long-term wealth over retirement. Nate explains the need to acquire evergreen assets that can endure for generations, such as farmland, real estate, and businesses. He also explores the significance of trusts in estate pl

E225: How Do I Know if Infinite Banking is Right For Me?

Mar 12 2024 24 mins  
Join Nate Scott in this episode as he tackles the burning question: Is infinite banking the right fit for you? He delves into the nuances of infinite banking, stressing that it's not a one-size-fits-all solution. And encourages listeners to explore their financial paths, whether it's the traditional retirement route or the more hands-on, entrepreneurial approach. Nate also highlig

E224: Is Barbell Investing the Holy Grail of Investing?

Mar 05 2024 21 mins  
Tune in to this Dollars and Nonsense episode to discover how Nate Scott leverages infinite banking and the “empire over retire” philosophy to build wealth, achieve financial freedom, and create a life of purpose and fulfillment. Nate also does an in-depth explanation of the idea of barbell investing and how he leverages his policies to invest in asymmetrical opportunities. He s