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Episode 165: Infinite Banking: Cash is Trash! Or is it?
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
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https://www.thewealthwarehousepodcast.com/
You may or may not have heard the phrase “cash is trash” in passing or even on the internet from financial influencers.
It’s a common sentiment among those in real estate, finfluencers, business owners and investors – and the idea isn’t completely insane – but if followed too closely, it can cause issues when it comes to jumping on an emerging opportunity, or even if a crisis or tragedy befalls you or your family.
In this week’s episode, Dave and Paul explore this idea of “cash is trash”, what you can take from it, what commentators mean when they say it – and most importantly, what it means for growing your wealth and your personal banking system.
Episode Highlights:
0:00 - Introduction
1:07 - Episode beginning
5:02 - The advantage of having cash reserves
7:41 - “Cash is trash”
13:04 - The question is: “How much cash do you need?”
17:06 - Things a bank won’t lend you money for
22:23 - Investing in something with massive cash reserves
25:17 - Nelson’s example of “the logger”
31:24 - Recap: Is cash trash?
35:21 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Visit our website:
https://www.thewealthwarehousepodcast.com/
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
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