What is infinite banking, and how can we use it to build wealth? Today, Jim Oliver comes on the podcast with me to discuss how you can utilize a money pool to buy cash flowing assets—this gives your money the potential to grow tax-free and to be accessible tax-free. This approach to infinite banking emphasizes financial freedom; if you are in control of the money, it’s likely that you’re also the one making it. Tune in to learn about some of the opportunities you could have through infinite banking, and get direct insight from Jim, the founder of CreateTailwind.

-How can you effectively be your own bank and finance your own cash-flowing projects?
-We are using a money pool to buy cash flowing assets
-Infinite banking has a lot to do with paying off debts, but in this case we are emphasizing financial freedom
-Some people start with as little as $20k a year, and some start with millions
-What are the administrative costs? There really aren’t any because they use a special insurance contract that is designed for high cash value
-The money can grow tax-free and is accessible tax-free
-The money can be put to work very quickly
-Creating velocity of money by using it over and over again
-You are in control, and whoever is in control of the money makes the money

Useful Links:
Create Tailwind
Financial Survival Network
Breakaway Wealth Podcast

Direct download: Jim_Oliver_17.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Today, I speak with Craig Hemke to discuss what’s new with gold, the repo market, and the real economy. Supply and demand have played a large role within the latest decline in gold and silver, and Craig breaks down some of the changes in the market within the last few years. We see time and time again that nothing ever goes straight up in a trend line, and that these trends are ever-changing. We also talk briefly about crypto, emphasizing the benefit to owning multiple types of currencies in the shifting market.

-What is going on with the price of gold, the Repo market, and the real economy?
-What is behind the latest decline in gold and silver? It’s a multi-faceted answer—supply and demand for the future’s contract plays a large role.
-Why is there so little demand? This has to do with the people that are buying contracts and transitory effects
-Repo demand was rising, but so was the demand for everything short-term
-When you hear about the dollar going up, they are referring to the dollar index
-if we slow the creation of dollars, then the dollar relative to the Euro looks slightly better
-Expecting to see a taper of QE
-Nothing ever goes straight up in a trend line; trends are always changing, and this is especially relevant to gold.
-The idea of having an expiration date on a currency isn’t feasible
-Have we hit the physical floor again?
-We have spent a year with market participants getting used to a particular level within long-term consolidation—once it moves out of this, it will shift very quickly
-Have cryptos become the new gold?
-We should be able to own multiple currencies rather than adhering to a binary
-The argument for/against Bitcoin hasn’t necessarily changed

Useful Links:
Financial Survival Network
TF Metals Report
@TFMetals on Twitter

Direct download: Craig_Hemke_17.Aug.21.mp3
Category:general -- posted at: 8:00am EDT






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