Today we are with the authorized Infinite Banking Practitioner, Richard Canfield. Richard is a real estate investor, podcast host, and Amazon bestselling author. In 2009, his life changed completely after reading the book Becoming Your Own Banker, Unlock The Infinite Banking Concept by R. Nelson Nash. In addition to building generational wealth, Richard is passionate about empowering people to take charge of their financial lives. Richard and his team work with families, business owners, and real estate investors to strategize how to keep the hard-earned money that flows through their hands over a lifetime.

As Richard sits with us in this episode, he talks about the principles in the book that changed his life and their impact on how he manages his finances and cash flows. He gives us a new perspective on where money resides and optimizing capital.

Key Takeaways: 

• Richard’s early lessons on saving money 
• Talking about Become Your Own Banker and how it caught Richard’s attention.
• You can and should be the banker in your life.
• Everyone should be in two businesses - one where you earn your living and one that finances everything you do for a living.
• Infinite Banking Concept: Accumulating a pile of capital in an efficient location that is constantly growing
• Utilize contracts to build a reservoir of capital.
• Life Insurance: Your Personal Monetary System
• Cash Value Insurance: The massive untapped resource of private money
• You can have more control over your money.

Resources:

• Becoming Your Own Banker, Unlock The Infinite Banking Concept by R. Nelson Nash
• This Is Nelson Nash: The Creator of The Infinite Banking Concept
• Cash Follows The Leader, Uninterrupted Daily Growth with High Cash Value Life Insurance by Richard Canfield and Jason Lowe 
• Canadians Guide to Wealth Building Without Risk, The Process of Becoming Your Own Banker by Richard Canfield and Jason Lowe 
• Wealth Without Bay Street Podcast

Connect with Richard: 

• Via strategic Assistant Paul Lancaster: [email protected]
• Business Line: 587-600-9080
• Email: [email protected]   
• LinkedIn: https://www.linkedin.com/in/richardcanfield 
• Facebook: https://www.facebook.com/richard.canfield 
• Twitter: https://twitter.com/rcanfield1 
• Instagram: https://www.instagram.com/richard_canfield 

Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!

Get it here for FREE: www.jayconner.com/moneyguide