This episode of Wealth Without Baystreet features Chris Bay, an Infinite Banking Coach at Life, Success and Legacy. He is the Author of ‘Family Banking with Purpose: A Story About Financial Freedom Through Infinite Banking’. Applying his twenty-two years in education and his leadership background as a principal, Chris gains great satisfaction in helping others understand how to apply IBC in their own lives. He became an Authorized Infinite Banking Concept Practitioner with the Nelson Nash Institute. Chris lives in Lawrence, Kansas, with his wife, Shawn, their two daughters, Lily and Addie, two cats, three chickens, and one old dog who puts up with the rest. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 5:17 Chris’ Inspiration for His Book 8:42 What to Take Away From Chris’ Book 15:02 Power of Family Banking 21:20 Changing Your Wind Current 25:50 Education the Next Generation on Infinite Banking 28:29 A Fond Moment with Nelson 37:12 Who Would Chris Want to be a Hero to Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

Featuring on today’s episode of Wealth Without Baystreet, Connor Boyack is the founder and president of Libertas Institute, an award-winning free-market think tank. Named one of Utah's most politically influential people by The Salt Lake Tribune, Connor's leadership has led to dozens of significant legislative victories spanning a wide range of areas such as privacy, government transparency, property rights, drug policy, education, personal freedom, and more. He is a public speaker and author of 30 books and Connor is best known for The Tuttle Twins books, a children’s series introducing young readers to economic, political, and civic principles. Connor lives near Salt Lake City, Utah, with his wife and two homeschooled children. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:08 Connor’s Inspiration 4:52 Tuttle Twins Under Attack 9:37 Monetizing Your Haters 12:49 Taking a Stand 17:40 How Did Tuttle Twins Start 23:07 Being Politically Aware 33:51 Education Our Children Right 40:07 Who Would Connor Want to be a Hero to Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

In today’s episode of Wealth Without Baystreet, we have Cody Yeh featuring on the client series. Cody is a first-generation immigrant from Taiwan who came to Canada at the age of 18, went to university as an engineer, got a white-collar job but wasn’t satisfied with it. Over the past 11 years, he transitioned from being a student to a full-time project manager to a financial coach, real estate investor, and stock options investor. Cody is now building an empire to help out more people to reach financial independence just as he did. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:23 Cody’s Introduction to IBC 8:25 Thinking Long Term 11:57 Transitioning From Being a Student to Being Financially Independent 17:02 Cody’s Experience with Option Trading 20:12 What’s the Right Time to Invest? 38:25 Investments in the Long Term 37:55 Becoming Your Own Banker 40:48 Who Would Cody Want to be a Hero to Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

This episode of Wealth Without Baystreet features Dwayne Burnell, a Fiduciary and Wealth Strategist. Dwayne is also the author of two best-selling books on personal finance. He empowers individuals, families, and business owners to take control of their financial future. He has helped clients across the country—many of them referrals—achieve the security and peace of mind they've always wanted but didn't know how to get. Financial education and empowerment form the cornerstone of Dwayne's approach. Working in close partnership with each client, Dwayne crafts a comprehensive financial strategy that focuses on the core needs, values, and financial concerns of each client. Dwayne works to ensure your money and financial savings grow by building a customized financial strategy that provides financial growth while protecting your money from loss. Dwayne received his MBA from the University of Tennessee and his BBA from the University of Oklahoma. Dwayne is a licensed practitioner in over 40 states and welcomes new clients from anywhere in the country. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:49 ‘Financial Peace of Mind’ and ‘Financial Independence in the 21st Century 9:46 Greatest Gift You Can Give Your Children 16:56 Saving vs. Investing 17:24 Having Access to Money 27:56 Power of Life Insurance 35:01 Choosing the Right Agent 38:02 Who Would Dwayne Want to be a Hero to Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

On today’s episode of Wealth Without Baystreet, Shalev Amar joins us to share about his experience with trauma and how he has learned to overcome it. Shalev has been an attorney for 17 years and has spent thousands of hours over the last 9 years studying trauma, psychology, and emotional healing methods. He’s passionate about this topic because he and his family have suffered through generational cycles of trauma and he is committed to breaking that cycle. His mission is to teach people how to overcome their trauma so that they don't suffer and pass it on. The next step in Shalev’s life after he transitions from the practice of law is to teach people how to process, release, and heal trauma full time, but for now he wants to share the methods he has learned with others. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:59 Shalev’s Journey with Trauma 10:15 Generational Trauma and Masculinity 17:31 Monetary Issues and Trauma 23:00 Three Types of People 26:08 Why We Need to Set Boundaries 29:34 Have Someone Help You 34:05 Getting Better 40:34 Looking Back at Your Childhood Can Help 50:52 Who Would Shalev Want to be a Hero to Get The FREE special report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/

On today’s episode of the advisors series, Henry Wong joins us to talk about his experience as an Infinite Banking practitioner and advisor coming from an accounting background. Henry is a professional CPA and trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. He chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. Henry now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:45 Henry’s life before discovering IBC 10:37 The process of becoming your own banker 13:47 Picking up the Becoming Your Own Banker book 16:43 How Henry became and IBC practitioner 21:45 The potential of CPA’s and accountants adopting IBC 24:35 What energizes Henry while working with clients 35:06 Who Henry would like to be a hero to

CLIENT SERIES. In today’s episode of Wealth Without Baystreet, we have Recas Forbes featuring on the client series. Recas has lived with his wife and two kids in Calgary for the past two years. For many decades, they lived in debt, burning through their savings to pay it off. Since he started practicing IBC three years ago, Recas and his wife have been able to pay off most of the bills that were due and are able to create special memories by travelling together as a family, something that was only a dream before. What Recas most loves about IBC is that it is such an easy, stress-free way of life that has been able to liberate them and allow them to approach retirement and support their children without having to worry about it. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 6:37 Recas’ experience through the process of becoming your own banker 10:29 Freedom to create memories as a family 16:08 IBC is too good to be true – but it is all true 18:15 Implementing IBC for his wife and kids 21:14 The ease of bill payments through policy loans 25:49 The rate of return on a peaceful stress-free life 32:37 The joy of firing your bankers 38:15 Who Recas would like to be a hero to Want to know the seven simple steps for becoming your own banker? Visit – https://wealthwithoutbaystreet.com/7steps/

A special Tribute episode number 88. Today we celebrate the life and legacy of the late R. Nelson Nash (1931 – 2019), the father and founder of the Infinite Banking Concept and author of the book “Becoming Your Own Banker”. Nelson has impacted the lives of thousands of people within the IBC community and continues to do so. He used every moment as an opportunity to continuously learn and champion this message. Nelson passed away at the age of 88, if you turn the 8 over on its side, it represents the infinite sign. The Wealth Without Bay Street Podcast and all that we do through our work would not be possible if it were not for Nelson Nash. We are forever grateful for his life and record this episode to reflect and reminisce on the special memories we have shared with him over the years. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:53 The significance of 88 4:21 The impact of the Nelson Nash documentary 5:58 Leaving a legacy that matters 8:15 Memories from the think tank conference 11:46 How Nelson delivered his seminars 14:59 Recording the documentary 18:57 The generations of Becoming Your Own Banker book editions 22:48 Paying our final respects to Nelson Nash 23:54 What would Nelson do? 28:03 Resources to learn about IBC and Nelson’s life 33:43 The historical growth of Nelson’s policies 37:27 Special memories of Nelson with Richard and Jayson Nelson Nash At the Freedom Advisors Live Event: https://www.youtube.com/watch?v=ILkaBcWO_k0

CLIENT SERIES Epsiode: On today’s episode of the Client Series, Curtis Arnold is a celebrated Mortgage broker and real estate investor for almost 20 years based out of Calgary, Alberta. He is currently a mortgage specialist with Quantus Mortgage Solutions. Discovering IBC has helped Curtis build a steady and accessible capital pool that has helped him diversify his portfolio from real estate to a range of investments as well as ensure that each of his holdings is sustainable and within control. He recently started taking a course on “Land Development As A Profitable Investment” and started a company in April, already profiting on a Land Development Deal. He grew up on a farm in Sask and is the father of 3 lovely daughters and married to his beautiful wife for 11 years this year. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:08 The role of IBC in real estate investing 3:30 The power of capital on demand 6:37 Going through the cycles of the market 10:40 Understanding the value of insurance 21:05 Getting into the real estate business 29:32 When partnerships don’t go well 33:13 Advice to IBC seekers and skeptics 34:33 Who Curtis would like to be a hero to

Gina Yarrish helps business owners and entrepreneurs get over the fears of selling, self-sabotage and reluctance so they can easily double and triple revenue all with a 1200-pound package. She is the founder and CEO of Yarcot with a 30-year career leading her million-dollar real estate business to where she is today. She has spent the past two decades studying human behavior, selling tactics and stress. She is the author of the #1 Best Selling Book – Harness Your Purpose, Power and  Peace. The bottom line: Gina believes peace, happiness and health comes from within and unless you’re conditioning your thinking then you get what life offers instead of what you deserve. Her gift of breaking down emotional barriers to selling from the heart, having healthy conversation and stimulating the growth and economy. Through her contagious, positive and uplifting energy Gina will leave you inspired and motivated and hungry for more. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:54 What inspired Gina to write her bestselling book 10:26 The key message behind “Harness Your Purpose, Power and  Peace” 12:59 Understanding life coaching through working with horses 19:30 Quieting the mind and the mouth 24:37 Tips on real estate investing 33:24 Creating pitches that attracts leads and referrals 40:21 Who Gina wants to be a hero to

In this episode of the advisor series, Peter Lount is a licensed IBC practitioner and advisor with Ascendant Financial since 2019. He helps households and businesses to focus on their goals and passions by eliminating concerns about money through coaching people on how to control the banking function in their life. He got into IBC because he wasn't happy with his job and financial strategy and was seeking more freedom and control in both areas, leaving the traditional method to find something better. With a voracious appetite to seek and learn, he was led to IBC and the Ascendant team, practicing it on his own life for a couple of years before deciding to make the shift to becoming an advisor. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:10 How Peter got started with practising IBC 5:58 Investing in learning and personal development 8:41 IBC Think Tank conference 11:46 The more you see you didn’t see 14:42 Advice to people considering IBC 16:45 Peter’s biggest learning takeaway from Nelson Nash’s book 19:59 The impact of R. Nelson Nash 23:32 Who Peter wants to be a hero to

The Pirates of Manhattan author Barry James Dyke is The Economic Warrior, with his epic research into the darkest reaches of the banking industry and private equity firms. Barry has been at the forefront of exposing the banking truths that are happening behind the scenes as massive amounts of capital flow through the largest investment and commercial banks and private equity firms. Government Printing and spending, fractional reserve lending, and large pension funds taking over major insurance companies so they have access to liquidity and much more is discussed in this episode. This bestselling author of 3 books and featured in a documentary film to be released in October 2021 has much to say about the safest place in the world to stockpile your capital, and how to protect and preserve what you have spent a lifetime working for. Access Barry's Books in Canada here: https://shop.ascendantfinancial.ca/shop/?LeadSourceId=427 IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:34 Sharing the message of IBC along with Nelson 8:08 Insights from the “Guaranteed Income” book 10:10 Bank owned life insurance 17:19 Regulated and secure investing by Life Insurance Companies 23:01 SPACs Companies 28:19 Don’t leave your retirement fund at risk 30:20 Only invest in financial products that you know about. Educate yourself on it. 35:25 The Pirates of Manhattan book 40:01 Heading into a financial crisis 45:11 Insights from Barry’s recent research 54:59 The Economic Warrior show 1:02:24 Who Barry wants to be a hero to

On today’s episode of the Advisory Series, we have Alberta-based Ascendant Financial advisor, Dan Allen. Dan is a wealth specialist and an independent insurance broker. As an Authorized Infinite Banking Practitioner he has expertise in working with professionals, business owners, and farmers, with a strong focus on helping them transform their financial future and achieve their financial goals with his unique approach tailored towards the journey of Individuals and business owners. His expertise lies in understanding your unique situations, goals and finding opportunities and solutions that solve multiple problems through the use of the Infinite Banking Concept, including how to control the banking function and how to identify primary risks in retirement and avoid market downturns while protecting their life savings. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:58 How Dan became his own banker and a authorized practitioner 6:17 Starting a new career and life through IBC 12:26 Becoming my own banker in my 50s 15:31 The joy of helping people through IBC 17:48 Listening to Nelson’s last presentation on IBC 19:46 Dan’s recommendation to those who are considering becoming their own banker 25:08 It’s never too late to start practicing IBC 28:23 Who Dan wants to be a hero to

The Capital Dividend Account For Canadian Businesses is a huge Tax Advantage Secret in Canada! Can you stockpile capital inside of a Canadian Controlled Private Corporation (CCPC) and then exit it tax-free? The answer is yes, it's all in the strategy you use to make it happen. Your corporation pays for it, and you get to use it, more importantly, it can pass on a legacy far greater than just life insurance. It can allow you to extract critical assets and maximize the value to your estate. Richard Canfield and Jayson Lowe of Ascendant Financial discuss the Corporate Insured Retirement Plan and the key advantage of the Capital Dividend Account. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:30 Case study example of a corporate account 10:26 Tax free withdrawals from your policy account value 16:58 Exercising your capital dividend account credit 20:44 Working with an experienced advisor and team 26:38 Understanding where to reside your wealth and company resources

Have you ever wondered how companies get their websites right at the top of a Google Search Engine? Over a decade ago, Damon Burton beat a billion dollar company by outranking their website on Google. Since then, he has gone on to build an international search engine marketing company that has worked with NBA teams, and Inc 5000 & Shark Tank featured businesses. In the decade of running a global team, he’s never met any of his team in person. Burton can speak on how to manage a remote team, as well as how he approaches dedicating time to family and balancing it all. Since founding his company SEO National in 2007, he writes for Forbes, has been featured in publications including Entrepreneur Magazine, BuzzFeed and USA Weekly, and has helped high-profile clients make more in a month than they used to in a year. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:43 What inspired Damon to write “Outrank” 4:18 The evolution of SEO 9:15 Are large companies buying into digital marketing 12:46 The difference between SEO and Paid Ads 23:01 Insights for running a company with a remote team 28:44 Strategic posting time to further your LinkedIn engagement 30:44 Community support by Damon Burton 39:20 Getting featured on Forbes magazine 43:54 How to decide whether an SEO company is good 46:46 How Damon got into giving back and community work

On today’s episode of the advisor series, Roman Pushkar joins to talk about his journey with IBC after migrating to Canada from Russia. Roman worked in banking and insurance for over a decade in Moscow before discovering IBC in Canada. The main dilemma that he faced as a banking and insurance advisor was the tradeoff between financial growth and liquidity, not realizing that the answer was before his very eyes in whole life policies. Roman is now an IBC practitioner in Winnipeg and on team at Ascendant financial as an advisor. He loves working with people and helping them discover, understand and embrace a straight way to regain control of their finances through the Infinite Banking Concept. Right from the beginning, Roman adopted IBC for all his children and is teaching them early on how to become their own bankers. When he is not working, Roman enjoys spending quality time with his wife and seven children, going out camping and fishing. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:28 How Roman got introduced to the Infinite Banking process 9:46 How Roman has personally implemented IBC as an advisor 15:54 Your children see the passion and mindset that you practice 19:12 Managing finances and practicing IBC with international exposure 26:21 Advocating IBC among international communities in Canada 30:27 The mindsets needed for practising IBC 32:29 Who Roman wants to be a hero to

CLIENT SERIES EPISODE: We are back with the Client Series on this week's episode. Shawn Quiggs is an Ontario real estate investor lawyer and infinite banking practitioner living in Toronto who comes from humble beginnings in small town Ontario. Prior to his career as a lawyer, he worked for the federal government in immigration enforcement which is where he began to question how his life was taking shape. From there, he moved to Windsor, Ontario for law school where he accidentally started investing in real estate, added a master of business administration, and eventually landed in Toronto for a short but sweet Bay Street law gig, finally transitioning into his role at Carson Law helping Ontario real estate investors do cool things and generate wealth. Shawn’s partner Amber – also an IBC practitioner – and their puppy Pluto live in the lively High Park area of Toronto and can be found hiking in the park or at the dog park. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:37 How Shawn found IBC from real estate investing 5:46 Applying IBC into real estate business 8:41 Shawn’s experience with Infinite Banking so far 12:06 Shawn’s advice to people contemplating IBC 13:38 Optimum mindsets for Sarbloh to mentor 17:06 IBC is meant to be a way of life 18:30 The importance of learning and access to resources 21:09 How Shawn expanded his IBC system 23:29 The simplicity of managing policy payments 29:33 Shawn’s experience connecting with the IBC community 42:26 Who Shawn wants to be a hero to

David Barnett loves to say that it took him 10 years to unlearn what he was taught in business school.  University had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business. After a career in advertising sales, Barnett started several businesses including a commercial debt brokerage house.  Helping to finance small and medium sized businesses led to the field of business brokerage. Over several years, Barnett sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor. Barnett regularly consults with professionals and banks on business and asset values.  Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses. FREE E-BOOK GIVEAWAY: https://dbarnett.gumroad.com/l/21stup… IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:23 How David got on the journey of helping entrepreneurs 12:25 Positioning a business to be attractive for buying 15:57 Top 5 reasons why business go for sale 19:30 Mistakes that sellers often make 23:46 The “dream” of selling a small business for $1 million 25:07 Development of small businesses in Canada 30:03 Understanding the terms of sale 37:07 The role that insurance plays in business and transferability 45:10 Who David wants to be a hero to

David Stearns is Nelson Nash's son-in-law. In 2004, David was brought on by Nelson to help with the administrative side of Infinite Banking Concepts, and went on to lead the company to continue the IBC legacy. David oversees the distribution of Becoming Your Own Banker and Infinite Banking Concept materials working to spread the message of becoming your own banker and educating audiences on how they can start practicing IBC. David has been the director of the Nelson Nash Institute since the formation of the Institute in 2013. He retired from the U.S. Army as a Lieutenant Colonel after serving for 27 years, first as a field artillery officer, then as an Army aviator. He is married to Kimberly Nash Stearns and has four children and eight grandchildren, living in Birmingham, Alabama. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:28 Launching “This Is Nelson Nash” film 8:01 How David Stearns understood IBC for the first time 11:26 About the Nelson Nash Institute 15:40 The growth of IBC advisors and practitioners through 2020 30:48 Understanding the importance of policy design 33:36 Sharing IBC with family members 42:43 Developing a system of policies 50:23 Who David would like to be a hero to

Back on the Wealth Without Bay Street’s Advisor series, Liz Lamond is an advisor with Ascendant Financial. She discovered IBC after investing in real estate through mortgages for many years and discovered a better way of managing the banking function in her life. Since then, she now helps her clients reduce the financial stress in their lives by guiding and coaching them through the infinite banking process. Getting to help people with a solution that works for their personal and business lives and makes a difference to their long-term planning and provides for their family's needs now and in the future. Liz came to IBC from the healthcare industry and now coaches her clients back to financial health. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:06 How Liz discovered IBC and her journey implementing it 7:38 The optimal mindset of clients that Liz loves to work with 10:22 What inspires Liz the most about IBC 13:37 The connection between financial frustration leading to freedom in IBC 17:56 Liz’s advice to potential IBC Advisors 19:52 The importance of being a learner through the IBC process 24:15 Who Liz wants to be a hero to

Would you like to retire with a million dollars saved up? Everybody has to have their savings and money reside somewhere. In today’s episode, we talk about the difference between a Whole Life Policy as compared to an RRSP for storing your million-dollar retirement. One of the things many Canadian citizens do not take into account is the tax dues, lack of control, and risk of market downturns that can adversely affect your retirement fund and become a major pain point for a person once they have retired. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:56 Retirement with a million dollars in an RRSP vs a Whole Life Insurance 9:56 The power of financial control with a tax-free account 16:37 Going into business with Revenue Canada 19:25 Canadian’s are tired of being overtaxed 21:38 Market dips in RRSP accounts

Do you want to learn the strategy to exponentially boost your sales? Elliott Bayev and Daniel Moskowitz take a combined 50 years experience in Brazilian Jiu-Jitsu and building 8-figure sales teams and bottle it up inside a powerful new International Bestselling book: Sales Jiu-Jitsu – The Secret Black Belt System for Champion Leaders. Elliott Bayev is a second degree black belt and has more than thirty years of martial arts experience with twenty-four in Brazilian Jiu-Jitsu. Daniel Moskowitz has been in sales for twenty-five years. Daniel currently serves as the director of sales at Advance Your Reach, which he helped grow into an eight-figure, privately-held company. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:02 About the Sales Jiu Jitsu Book 5:07 How to be a Champion Leader 11:09 The before and after Sales Jiu Jitsu 14:48 Pre fight strategy insights 20:40 How to win the fight 43:40 How to future cast and cement your win

Back on the Wealth Without Bay Street’s Advisor series, Sarbloh Gill is an advisor with Ascendant Financial. He was introduced to Jayson Lowe by a placement agency based in 2015 and was introduced to the book “Becoming your own banker – unlocking the infinite banking concept by Nelson Nash”. Six years later, Sarbloh is now an Infinite Banking Coach with expertise in implementing the process of becoming your own banker to help Canadians obtain the objective of paying off debt while creating wealth at the same time. He takes pride in coaching new advisors joining the Ascendant team as well. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:57 How Sarbloh discovered IBC 9:18 Sabloh meeting Jayson Lowe and joining Ascendant Financial 14:39 The optimal mindset of clients Sarbloh loves to work with 17:27 The impact of adopting IBC into your family and life 19:18 Sarbloh’s stories with Nelson Nash 23:00 Helping people discover the key problem 25:30 How Sarbloh loves serving his clients 27:51 How the Wealth Without Bay Street Podcast has helped many people gain knowledge and practice IBC

On today’s episode, Jayson Lowe and Richard Canfield talk about the importance of coaching while practicing IBC. The advisors at Ascendant Financial are passionate about coaching their clients through the IBC process. A new portal on the Ascendant Financial website has been launched to help clients learn and practice the process of Becoming Your Own Banker. With anytime, anywhere access, you can watch masterclasses, read client success stories and access a vault of valuable training and information on how to practice IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 4:33 Ascendant’s client online portal 7:33 The advantage of resources and support readily available 10:00 Practicing and planning IBC with your family long term 16:17 Having a coach to guide you through the IBC process 21:55 Visit https://dayofnelson.com/day to learn insight and wisdom from R. Nelson Nash 25:00 De-noise the financial noise around you

Are you paying too much tax? On today’s episode, we have the founder, president and CEO of MrTaxes.ca Inc. Robert Stone has been an income tax professional since 1983. Roberts career began in 1983 while still in high school where he was paid to complete his first tax returns for friends and family. Since then, Robert has formed www.MrTaxes.ca which is a Canadian based federal franchised accounting office which specializes in personal and corporate tax and includes other financial services such as financial planning, insurance, investments, mortgages and real estate. Robert has been a national presenter for  www.CCH.ca, was a founding contributor for www.CTPCanada.ca, opened 42 tax service locations by 2015 and is currently leading the franchising efforts of MrTaxes.ca Franchising Inc. across Canada. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:53 The mission of Mr. Taxes 3:27 The overlooked ways of how to save tax 8:27 The process Robert helps support his clients with 12:21 The inspiration behind writing The Tax Savings Bible 16:46 Blindspots that Canadians need to be aware of 24:16 Tax advantages for business professionals to leverage 27:22 The issue with capital gains tax for everyday Canadians 29:38 Who Robert wants to be a hero to

Launching Wealth Without Bay Street’s Advisor series, Cole Snell is an advisor with Ascendant Financial. As a career entrepreneur, his work has spanned decades in the Health and Wellness and Specialty Food spaces. Recognizing the common bond of money in all businesses, Cole now aims his sights and passion on the financial industry. He truly has a passion for innovation. Serving people has become one of Cole’s motivations in life as he takes his clients through the same journey of discovering IBC as he went through. He feels the best way to serve others is through the blessing of financial literacy. His goal is to help people who break down the fear of finance. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:02 Cole’s discovery of IBC 5:53 How different life would be if Cole discovered IBC as an entrepreneur 8:09 The mindset Cole strives to develop as an advisor 10:27 What Cole is like outside of work as an advisor 12:21 Cole’s recommendation to people considering IBC 14:43 The journey of growth and learning through mentorship 18:37 Improving my level of awareness about IBC 20:44 The favourite moments in a client journey 22:10 Cole’s mission 24:01 Dealing with misinformation about IBC 27:33 Closing remarks for listeners 29:13 Who Cole wants to be a hero to

Get a headstart with IBC. Justin Dubeau started IBC at 25 years old and has now been practicing for 5 years. He works as an oil field operator at an oil field and has a wife and two children. On today’s episode, Justin talks about the benefit of starting IBC early on and being able to purchase life insurance policies not only for him and his wife but also for their two kids in order to ensure that he passes on a wealthy inheritance of knowledge and capital to his children. Death comes inevitably to us all, and having these systems in place can take care of the family financially and allow them to take the time to grieve. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:28 How Justin got started with IBC and how life has been since 3:15 The advantages from his first few policies 5:24 The ease of life when you have financial control 6:14 Is it really beneficial to use dividends to pay policy premiums? 11:44 Justin’s message to Wealth Without Bay Street listeners 14:40 The future is exciting when you are practicing IBC 16:09 The worry free life knowing that your kids will be taken care of 19:20 Policies setup for children help to transfer both capital and knowledge 26:49 Who Justin wants to be a hero to

Lawrence W. Reed became President of the Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. He previously served for 21 years as President of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time at Northwood University in Michigan and chaired its department of economics. He holds two honorary doctorates, one from Central Michigan University and Northwood University. Reed has authored nearly 2,000 columns and articles in newspapers, magazines and journals in the United States and abroad. He has authored or coauthored eight books, the most recent being “Was Jesus a Socialist?” and “Real Heroes: Inspiring True Stories of Courage, Character and Conviction”. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:21 The connection between liberty and character 10:36 The importance of personal responsibility in dealing with money 12:36 The power of the entrepreneur 21:57 Stories of remarkable entrepreneurs that have been forgotten 28:22 About Larry’s life and work 35:27 The risk of hyperinflation when expanding money and credit

Get your FREE COPY of THE AND ASSET FOR CANADIANS: www.andasset.ca Have you been led to believe that you have to choose between compounding interest or liquidity control when it comes to finances? In this episode, Caleb talks about the “and” asset which becomes the foundation to an individual's financial management and breaks them out of the trap of making “or” choices and having to compromise. After taking over the entire investment department of a bank by the age of 19, Caleb saw firsthand how 98% of North Americans were financially failing despite “professional” financial advising. After 3 years of travelling the country being mentored by the most successful financial minds, Caleb discovered a better way to build wealth. Leaving his prestigious position at the bank, Caleb founded the company BetterWealth, authored the best-selling book “The AND Asset”, hosts the Better Wealth Podcast, and speaks to thousands around the world. One of the youngest leaders in the industry, Caleb is quickly becoming The New Face of Finance. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 4:01 The inspiration behind writing The AND Asset 12:44 Caleb’s story growing up and reaching where he is now 16:59 The importance of having financial control in your life 23:34 The takeaways from The AND Asset 26:30 Sixteen ideal benefits to a great Asset 34:03 Caleb’s inspiration as an entrepreneur 37:33 Caleb’s message for Canadian’s listening to this episode

What are whole life insurance dividends? How do they work? What is the Dividends Scale interest Rate and how does it actually show up in a policy? These are great questions and you are in for a treat as Jayson and Richard go on a rant in a rare episode where they share the screens and show a sample life insurance illustration. They use this to debunk some myths about dividend rates and rates of return that are commonly referred to as financial noise out there in the marketplace. Learn what really matters in an insurance contract as they prove to you that it's the owners' behaviors that have the single greatest impact on the values in a policy contract and that the owner by their own efforts can increase the power of dividends they receive. Links From The Video: The Contribution Principle Dividend Policy https://www.equitable.ca/en/already-a-client/dividend-policy-2020/ Stock Company #1 – Dividend Policy https://www.sunlife.ca/en/explore-products/insurance/life-insurance/participating-and-adjustable-policyholder-information/dividend-policy/ Stock Company # 2 –  Dividend Policy –https://www.canadalife.com/content/dam/canadalife/documents/insurance/par-whole-life-insurance/en/Policyholder_Dividend_Policy.pdf Fraternal Company # 1 Dividend Policy – https://www.foresters.com/-/media/foresters/documents/pdfs/en-ca/505125-can-us-uk-foresters-dividend-policy.pdf Actuarial Standards of Practice https://www.actuarialstandardsboard.org/wp-content/uploads/2014/06/asop015_134.pdf OSFI – Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders https://www.osfi-bsif.gc.ca/Eng/fi-if/rg-ro/gdn-ort/gl-ld/Pages/e16.aspx IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:11 Understanding deeper about Dividend Paying Whole Life Insurances 4:11 The misconception about interest rates 8:18 Dividend Paying Life Insurance Carriers: Mutual vs Stock 13:57 The contribution principle 21:31 Example 1 – Screen Share 47:50 Example 2 – Screen Share 58:24 The historic profitability and resilience of life insurance companies

CLIENT SERIES EPISODE: From an IBC skeptic to an IBC champion, Cory Chittenden joins us today on our Client Series to talk about his journey incorporating IBC for himself and his business. Cory and his wife, along with their three children live in Saskatchewan, Canada. Cory has owned a business for 25 years that specializes in communication services for residential and healthcare clients. He had been researching IBC for over two years before he finally decided to take the plunge and get his first policy. Now he advocates within his circle for the impacts of IBC in providing readily available capital and the incredible opportunities that have come his way because of it. Cory has also adopted IBC as the banking function for his business which he covers in this episode. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:30 How Cory met his Infinite Banking Coach, Dan 6:32 Starting off practicing IBC 11:02 Advice to business owners about IBC 17:28 Opportunities that come from windfall gains through IBC 25:42 Cory’s journey through IBC and his future in it 28:46 Recommended books on IBC 33:56 Who Cory wants to be a hero to

Your business might be doing well, but is it valuable? The majority of modern entrepreneurs often prefer to sell their businesses before retiring and provide themselves and their children a pool of capital to settle with. Stephen Cummings talks about some of the common pitfalls business owners face while trying to get a good valuation and sell their companies, as well as how to navigate exiting a business with a great deal. Stephen is CEO and General Managing Partner of Rizolve Partners, a strategic business consulting practice advising clients on value-creating strategies and establishing profitable and sustainable growth. He helps build value to private companies to ensure easier transferability and planning for and execution of strategic transactions and liquidity events to realize value. Stephen’s career has foundations as a financial expert focussed within the investment industry. He has held leadership positions with top quartile performing private equity and venture capital firms investing institutional capital across the globe. Prior to that, he was the CFO at a global publisher. He trained and qualified as a Chartered Accountant with Deloitte in London, UK. Stephen is a member of the Board of Directors of Ontario Genomics and is Chairman of the audit committee. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:53 Common pitfalls when trying to sell your business 12:19 What happens when you have to exit a business but cannot sell 15:42 The path to preparing for valuing and selling your business 21:38 Learning how to maximize the value of your company early on 32:21 Understanding the market trends while selling your business 41:14 Who Stephen wants to be a hero to

Why do you do what you do? What is your vision and mission? David Schmeikal is a master storyteller and brand strategist that helps businesses and entrepreneurs find their purpose, communicate their story and develop culture within their organization. Based out of Alberta, Canada, David has worked with businesses to facilitate and coach them through a journey of transformation and creating meaningful work. He is the host of The Gyst Life podcast. In today’s episode, David talks about the process that he takes his clients through in building long-term vision, creating a personal brand and, developing a high-impact organizational culture. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:12 The framework and value of David’s work 30:13 David’s advice to business owners and entrepreneurs 24:31 Building core values in your organization 28:39 A guide to having a vision and transitioning well in your business 34:11 Who David would like to be a hero to

Mary Jo Irmen is the author of the book Farming Without the Bank and a Farm Finance Strategist. She is changing how the farming industry is financed and helps farmers see that there are financial solutions for them and the next generations. Mary Jo's mission is to take a 100-year-old financial process and turn it around by making the bank plan B rather than plan A, give farmers their financial control back, and allowing the next generation to take over without having to buy the farm from the bank again. Get your copy of Life Without The Bank: https://wealthwithoutbaystreet.com/life-without-the-bank IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:30 Why business owners are frustrated with banking system finance 5:29 What inspired Mary to write Life Without The Bank 12:02 The lack of control when contributing to retirement saving plans 16:58 The key message of Life Without The Bank 21:22 Key man insurance for when a business partner dies

CLIENT SERIES EPISODE: David Klein, 36 year old, has been a police officer for the past 13 years. He and his wife, Devon, have two boys and live in Alberta, Canada. David’s father worked for the CRA so RRSPs and cash in the bank were some of the key financial lessons that were taught in the Klein household growing up. David was introduced to IBC nine years ago. Thinking that IBC was a scam and sounded too good to be true, he spent nine months researching it and looking for loopholes that could exist. Not being able to find any, David finally started off with one policy that he used to pay off his car. David now has over four policies, paid off for two cars and the mortgage on their primary home. He also owns four other rental properties, all with his current income because of IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:10 How David became his own banker 5:25 The impact that IBC has had on David’s life 12:15 Getting started with IBC 19:04 David’s recommendation to people considering whether to start IBC 22:28 Nelson Nash’s five golden rules 25:29 The multigenerational impact of IBC

Is your relationship with money complicated? Do you find yourself working hard and yet have only a little money in your account once all your dues are cleared? In today’s episode, Lisa Campbell talks about the strategies to make your business more profitable. Traditional accounting and bookkeeping services are transactional, where an accountant would be paid a fee to do the books and prepare your taxes. Most accounts do not help consult their clients on maximizing profits. Lisa helps guide entrepreneurs & bookkeepers to skyrocket their confidence, cash flow, and freedom with money, mindset & positioning tools to help them prosper exponentially. Lisa is the owner of The Marcam Group, a profit strategy bookkeeping firm, Head of Mentoring North America for the Successful Bookkeeper, and creator of the Accelerate 2 Advisor Mastermind program. She is certified in the Profit First method and has years of hands-on experience increasing the profits for multiple businesses, and collaborating with other Profit First Specialists throughout the globe. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 2:14 The clientele that Lisa serves 3:41 Lisa’s journey in business and starting with Profit First 11:18 Training the trainers in financial and profit coaching 15:10 The message of Lisa’s new book 20:15 Pivoting your business through Covid-19 26:24 The power of constant learning and coaching 38:57 Who Lisa wants to be a hero to

How should you go about selling the business that you worked so hard to build? What are the steps you must take to ensure that you are able to capture maximum value while exiting your business? We have John Warrillow for you today. John Warrillow is the founder of The Value Builder System™, and author of the bestselling books: Built to Sell: Creating a Business That Can Thrive Without You The Automatic Customer: Creating a Subscription Business in Any Industry The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top. Warrillow is also the host of Built to Sell Radio, ranked by Forbes magazine as one of the world’s 10 best podcasts for business owners. Before founding The Value Builder System, John started and exited four companies, including one acquired by a public company. He lives with his family in Toronto. Get Warrillow's latest book, The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top: https://wealthwithoutbaystreet.com/theartofsellingyourbusiness IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:20 The idea behind John’s new book 6:43 The freedom entrepreneurs experience when selling their companies 14:18 The message behind “Built To Sell” 27:39 The Value Builder software to valuate your company 37:00 Who John wants to be a hero to

CLIENT SERIES EPISODE: Life took an unexpected turn for Jean that drained out his pension funds and RSP’s as well as max out his credit cards. The lack of control over his investment liquidity and getting taxed on every withdrawal was what moved Jean towards IBC. Jean has now been practicing IBC for the past few years and it has helped him clear off his credit card debts, pay off various household expenses as well as give him hope for the future financially. Jean is a dedicated family man that has been married to his wife, Shelly for 31 years. He has a daughter that lives in Fort McMurray. He has been a Power Engineer for over 20 years and is currently working as a Training Coordinator for a major oil company looking after the training needs of all the staff at two SAGD facilities near Conklin, Alberta. He currently lives in Edmonton and enjoys many hobbies including golf and music and especially loves all things IBC. IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 5:54 Jean’s journey with IBC 12:49 New golden nuggets Jean finds every time he revisits Nelson’s book 18:44 The before and after of joining IBC 24:41 Experience attending “The Annual Infinite Banking Think Tank Conference”

How can you have a virtual CFO? How can you add turbo boosters to your growing business to 5X, 10X your business by having the right team of experts around you? Drive results, track them so you can see a real trajectory as you build profits. Make data-driven decisions that help you build momentum. Enter The Wealthy Entrepreneur Formula. Robert Gauvreau is the founder and award-winning business advisor at Gauvreau & Associates CPA, a firm that specializes in working with entrepreneurs to provide them with financial clarity and guide them on their pathway to achieving extraordinary financial results. Most recently, Robert has authored the book “The Wealthy Entrepreneur – The Formula for  Making Money and Gaining Financial Clarity in your Business” which is launching on April 6th 2021. Robert and his team currently work with more than 500 entrepreneurs helping them with their accounting, taxation, and bookkeeping needs, along with providing a virtual CFO program that helps entrepreneurs establish their criteria for achieving financial results and guarantees business success. Robert’s business expertise has been featured in Forbes, Business Insider, Authority Magazine, Yahoo Finance, MoneyGeek, and NBC among other prominent financial publications. Robert has also been a guest on Good Morning Texas and Breakfast Television. Check out Roberts event with #garyvee (Gary Vaynerchuk) on April 9, 2021 – register to attend here: https://wealthwithoutbaystreet.com/ascent-summit IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 4:04 The idea behind setting up the virtual CFO program 9:27 The key message behind Robert’s latest book 18:18 The mindsets and values of entrepreneurs working with Gauvreau & Associates 28:48 Robert’s entrepreneurial journey 33:10 Challenges as you start your business journey to overcome 34:20 Buying another business can have hidden landmines 40:32 Why Robert wants to be a hero to entrepreneurs

What happens if you die without a will? What are the major pitfalls and problems that can happen if you don’t draft a will that works in your jurisdiction. Find out how to save money, time and see your final wishes come true with our special guest, estate lawyer Angela Yee-Hamshaw. Born and raised in Calgary, Angela has been practicing law since 1999, having worked in the wealth management division of two major financial institutions, the Government of Alberta in the Office of the Public Trustee, and her own firm which focused primarily on Wills & Estate practice, before bringing her experience to Masuch Law LLP in 2018. Having served the range of both high net-worth clients and in-need Albertans, Angela’s detailed and thorough approach to planning for clients from all walks of life, and compassion in dealing with estates when dealing with a loss is evident in her successful practice in the last two decades. Angela is very personable and her ability to relay complex legal concepts to clients is the hallmark of her long career. IN THIS EPISODE, YOU WILL LEARN: 00:00 Introduction 01:38 What would happen if you didn’t have a will 05:32 Not all wills are equal – How to divide assets effectively. 12:37 How often to review your will 31:47 The value of life insurance in your will

CLIENT SERIES EPISODE: Stephen Wenzel is a world traveller, music director and yoga teacher, real estate investor, and 2-time Survivor of Stage 4B cancer. He had long been looking for a way to escape the banking system, which is how he ultimately found The Infinite Banking Concept in 2019. Since then, he has opened two policies for his IBC System. He has paid off multiple debts using IBC, including a rental property mortgage, invested in other asset classes (precious metals, paper assets), and listened to EVERY SINGLE Wealth Without Bay Street episode to date. In this episode, Stephen discusses the importance of consistently saving and investing money every month and how anyone can get ahead in the game of money by starting with a solid foundation of financial education and mindset. He’s also a living example of the importance of having an emergency fund in place for unexpected events – like two bouts with Stage 4B cancer. Anyone can learn from Stephen’s powerful story to ensure you have protection, a plan, and a way to see your money continue to grow regardless of what life throws at you. IN THIS EPISODE, YOU WILL LEARN: [00:04:56] From the greatest skeptic to an IBC believer [00:10:05] Stephen getting diagnosed with cancer [00:19:30] Saving money towards what is important in your life [00:27:00] The process of IBC is more caught than taught

From Fort Worth, TX, James C. Neathery is recognized as a leading life insurance professional and general agent in the United States with over thirty years’ experience in the financial world and over sixteen years of experience personally and professionally practicing the Infinite Banking Concept ®. He is a disciple and student of R. Nelson Nash, a member of the Million Dollar Round Table, sits on the Field Advisory Council for Lafayette Life Insurance Company, is the Executive Producer of the Banking With Life DVD, and hosts The Banking with Life Podcast. He sits on the board of directors for Apologetics Resource Center as well as the board of directors for the Alvarado Chamber of Commerce. He is the CEO of James C. Neathery & Associates Inc. which has provided successful financial guidance to thousands of clients. IN THIS EPISODE, YOU WILL LEARN: [00:03:00] James’ journey going from a life insurance agent to becoming an infinite banker [00:18:22] Cancelling out sensationalized advice in the financial industry [00:39:05] The simplicity of combined policies recommended by Nelson [00:47:15] Changing the mindset of how you manage finances for the rest of your life

CLIENT SERIES EPISODE: Shaun lives in the Niagara Region of Ontario, where he lives with his wife and two sons. He has been a Youth Worker at a youth detention facility for nearly 20 years. Shaun first heard of Infinite Banking years ago but at the time thought it was something for wealthy business owners only. In 2020 he rediscovered the concept while on Twitter, and very quickly went all in learning more. Shortly after that, he was connected with Richard Canfield and started his first policies. Shaun has a passion for helping people learn about personal finance. As a Dave Ramsey trained financial coach, he taught people that “cash is king”. Now that he understands the Infinite Banking Concept, Shaun gets great joy out of showing people that IBC is for anyone, and the truth that CashFLOW is King! IN THIS EPISODE, YOU WILL LEARN: [00:03:51] Shaun’s journey getting out of debt and becoming a financial coach [00:08:18] Rethinking what you know about personal finance [00:17:23] The fulfillment of being your own banker [00:24:05] Creating the Iron Bank

CLIENT SERIES EPISODE: Scott Wilson high school teacher who began investing in real estate 6 years ago, specifically student rentals.  After accumulating a number of houses Scott began to look for other opportunities outside of real estate.  He was introduced to IBC by his cousin, Peter Lount, a couple of years ago.  It took Scott about 6 months to begin to understand how this concept could benefit his investments along with his everyday living expenses. Using IBC has allowed Scott to find new opportunities along with having security with his existing investments. IN THIS EPISODE, YOU WILL LEARN: [00:02:26] What’s Life Been Like Since Implementing IBC? [00:14:53] How Has The Financial Outlook Changed For Scott’s Family? [00:20:36] What’s Next For Scott? [00:32:39] Taking Out Policies On People You Love

Back for a second time on the Wealth Without Bay Street Podcast is Senior Wealth Architect and Team Developer, Sarbloh Gill. Sarbloh is an expert in his field and is recognized as one of the top Infinite Banking Practitioners in Canada. In this episode, the guys talk about the importance of focusing on redirecting your money back into your own personal banking system.  Sit back and think about where the majority of your money goes each month.  That’s right!  Bills.  You're spending your time working to pay someone else for something you purchased. Your time is irreplaceable.  So why not pay yourself for something you purchased?  By implementing the process of Becoming Your Own Banker, you can do just that! IN THIS EPISODE, YOU WILL LEARN: [00:02:32] What Is The Time Value Of The Banking Function? [00:13:07] Common Reactions From The General Public [00:27:58] Are People Thinking About The Problem The Right Way?

Did you know that you can directly impact the dividends you receive each year by a life insurance company when you own Par Whole life? The policy owner has the largest impact on the dividend they are able to receive in a given year and the ripple effect of every future dividend is directly impacted by the premiums the policy owner puts in. Dividends are one of the most misunderstood areas of a Participating Whole Life Insurance contract. Jayson and Richard breakdown how these unilateral binding contracts produce dividends. How the dividend impact is just like the growing rings of a tree, it adds another layer each year. Each year you can celebrate a “dividend party” on the anniversary date of each policy you own. There is a great deal of misinformation and focus on rates when discussing policy contracts. Specifically, dividend-scale interest rates. These are, simply put, one of the most misunderstood and misleading areas of a whole life product. Both the insurance companies themselves and often advisors are their own worst enemy by trying to indicate the dividend scale correlates to the growth or earnings of an individual contract. This simply isn't so. Jayson discusses the annual testing requirements for capital adequacy (LICAT) that has to be done each year for each life company in Canada to meet their obligation and how their accumulated profits are spread out over a number of years to create a “smoothing effect”. This smoothing is what creates stable long term dividend payouts to par owners. Have you ever seen a tree contract in nature? Never, just like a par policy it grows every year advancing forward. The only thing that can end the growth is the natural death of the life insured in which case you have a tax free payout much greater than what you have contributed into the system or the policy owner choosing to cut the tree down (closing the policy). Did you know that the biggest tax year you will have is most likely in the year you die? Richard walks you through the impact of your hard earned money at death…who gets the money and who loses? By creating long term cash control, accumulating dividends that keep buying whole life paid up additions, you are ensuring the money is there to pay the final tax bill, providing the time needed to grieve properly. Even more importantly is the remaining assets such as the house and cottage at the lake or rental properties are not forced into a “firesale” position where a lifetime of effort you took to build everything up is torn down to raise the money required to pay the tax man. In order to solve this you need life insurance…but if you plan to live a long time then the insurance has to be in force… the only way to make that happen is to have permanent coverage such a Par whole life that increases your tax free payout every year you own it as long as it's setup correctly.

On today's “Client Series” episode of Wealth Without Bay Street, Jayson and Richard are joined by Liam McGoran.  Liam works as a Design Engineer (EIT) for an engineering firm in Vancouver, BC. Amongst spending time hiking and being outdoors in the Greater Vancouver area, Liam has picked up an interest in macroeconomics and investing. He has especially enjoyed being able to implement IBC as a tool to further accelerate his investing journey. In a world of out of control central banks and big governments people need to wake up more than ever and take control of the banking function in their life. With this new found passion it’s even more enjoyable to spread the word, grow with others and help educate those you care about. Liam took the time to learn the IBC process and is now living proof the Becoming Your Own Banker is one of the best decisions you can make for yourself, your family and your future. IN THIS EPISODE, YOU WILL LEARN: [00:01:13] How Did IBC Enter Liam’s Life? [00:02:30] What Has Liam’s IBC Journey Been Life So Far? [00:09:53] Advice For Young People [00:15:24] What Is Liam Looking Forward Too? [00:16:37] Are People Receptive?

Having an Infinite Banking Policy is a wonderful tool to help navigate your financial life not to mention the benefit of knowing your family is taken care of once you have passed.  But, these policies only work if you take care of them.  If you withdraw a policy loan and don’t repay it, then you’re only going to hinder the death benefit that your family is to receive.  Being strict with repaying yourself is crucial to the success of your policy.  Listen as Jayson and Richard discuss the importance of loan repayment.