E177: How Infinite Banking Can Help Impact Your Personal Income Statement & Balance Sheet
In this episode, Nate explains the impact of infinite banking on your income statement and balance sheet and why misclassifying policy transactions can harm your financial mindset.
Topics Discussed:
- Learn how infinite banking can help you take control of your finances and achieve financial freedom
- Understanding how financial statements work
- Find out how to avoid common mistakes that can negatively affect your income statement and balance sheet
- Why do policy transactions not affect the income statement or budget
- Uncover tips for successfully implementing infinite banking in your personal finances
- Why whole life insurance premiums have a unique effect on the balance sheet
- How different policy transactions affect your income statement, your personal income statement, and your balance sheet
- Gain insight into how policy cash value, real estate, stocks, mutual funds, and retirement programs are assets that should be on the asset side of the balance sheet
Episode Resources:
- Gain access to our Beginner’s Course now FREE to listeners of the podcast here now
- What is Infinite Banking
- Who was Nelson Nash?
- CREDIT: Episode art background photo by Jenny Ueberberg
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