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Wealth Without Bay Street

Business & Economics Podcasts

Welcome to the Wealth Without Bay Street podcast, a North American guide to building dependable wealth. Join Richard Canfield and Jayson Lowe as they unlock the secrets to creating financial peace of mind in an uncertain world. Discover the strategies and mindsets for a financial future you can bank on. Discussing The Infinite Banking Concept and strategy of Becoming Your Own Banker in Canada and the USA as only Canucks Can!

Location:

Canada

Description:

Welcome to the Wealth Without Bay Street podcast, a North American guide to building dependable wealth. Join Richard Canfield and Jayson Lowe as they unlock the secrets to creating financial peace of mind in an uncertain world. Discover the strategies and mindsets for a financial future you can bank on. Discussing The Infinite Banking Concept and strategy of Becoming Your Own Banker in Canada and the USA as only Canucks Can!

Language:

English


Episodes

210. Upgrading Your Wealth By Upgrading Your Health

3/15/2024
Wealth Without Bay Street 210: Upgrading Your Wealth By Upgrading Your Health Can upgrading your health be the secret to boosting your wealth? In this episode, we're diving into the powerful link between your health and financial success. Joined by Barton Scott, Founder and CEO of Upgradedformulas.com, we explore how innovative health solutions can lay the groundwork for financial prosperity, especially for those intrigued by the Infinite Banking Concept. Discover the transformative potential of stabilized nano minerals and how they can amplify your journey toward financial independence. Tune in and learn how small, consistent steps in wellness can lead […]

Duration:00:44:20

209. Buying a House with the Infinite Banking Concept

3/6/2024
Wealth Without Bay Street 209: Buying a House with the Infinite Banking Concept In today's Client Series episode, we have the pleasure of welcoming Adam Marshall to our show. With an impressive track record as a Hall of Fame and Lifetime Achievement awardee for Re/Max in Ontario, his expertise in the real estate industry spans over two decades. From countless houses sold to every type of transaction imaginable, Adam has truly seen it all. He openly expresses his early reservations about life insurance in general. Being a firm believer in the philosophy of “Buy Term and Invest the Difference,” it […]

Duration:00:41:10

208. Infinite Banking Nuances and Your Behavior

2/28/2024
Wealth Without Bay Street 208: Infinite Banking Nuances and Your Behavior The insurance industry still suffers from a negative reputation due to the turn-and-burn method of selling. Instead of prioritizing service, salespeople focus solely on meeting goals and earning commissions. Understanding the importance of a professional advisory relationship is the key to building a long-lasting plan that will support you throughout your entire life. Ryan Griggs, the founder and principal advisor of Griggs Capital Strategies, discusses the nuances of purchasing whole life insurance. He emphasizes the importance of being cautious when receiving shallow advice and truly understanding the significance of […]

Duration:00:51:39

207. Tax Reporting Rules That Suck! Watch Out For Trusts!

2/21/2024
Wealth Without Bay Street 207: Tax Reporting Rules That Suck! Watch Out For Trusts! Are you involved in a bare trust arrangement? Currently, we are at the one-year mark since Bill C-32 was enacted. This means that we are now entering the first tax reporting season under this law, covering an entire tax year. This bill, which initially seemed harmless, will potentially cause some unexpected issues. So, what does this mean for the average Canadian consumer? If you want to stay ahead and understand the impact on your financial life, tune in – we've got all the details you […]

Duration:00:39:57

206. Finding the Perfect Storm in Real Estate Investing

2/14/2024
Wealth Without Bay Street 206: Finding the Perfect Storm in Real Estate Investing If you have ever tried to start, grow, and expand a Real Estate portfolio, you have likely realized that it is not as easy as you want it to be. Real Estate entrepreneur Russell Westcott shares tales from the trenches of his 25 years as an investor and capital raiser. One of the most valuable lessons he has learned is to be unafraid of trying and to put aside your ego when mistakes, even catastrophic ones, occur. Failing should never be considered a life sentence—it only […]

Duration:00:50:09

205. Next Level Income with the Investment Optimizer

2/7/2024
Wealth Without Bay Street 205: Next Level Income with the Investment Optimizer Want to learn the secret to creating a high-performing opportunity fund capable of transacting over $1 billion in real estate? Look no further because we have Chris Larsen, the expert who has accomplished just that! At a young age of 21, Chris began his real estate journey by acquiring his first rental property. Since then, he has retired from his medical career to focus on coaching others and helping them maximize their real estate portfolios in various areas. Chris has experience in syndications, car wash ownership, distressed debt, […]

Duration:00:47:09

204. Can You Get Rich Buying Cars?

1/31/2024
Wealth Without Bay Street 204: Can You Get Rich Buying Cars? The enticing advertisements are everywhere, floating across various platforms, claiming that buying cars can make you rich or help you create wealth. Most people in Canada and the United States are acquiring cars through different means like cash payments, leasing, or financing. But here's an interesting concept: Infinite Banking. It revolves around reclaiming the interest you would have otherwise paid to someone else. It's an intriguing strategy to strengthen your financial standing. ▶ WATCH: Can You Get Rich Buying Cars? Download a FREE copy of our bestselling books Cash […]

Duration:00:48:43

203. How Soon Can I Stop Paying Premiums with Infinite Banking?

1/24/2024
Wealth Without Bay Street 203: How Soon Can I Stop Paying Premiums with Infinite Banking? In Canada, many people have been conditioned by their past experiences, knowledge, and behavior to perceive insurance as an expense. This often leads to the question: when can I stop paying for this expense? It's a mindset we commonly have. But as coaches, our aim is to help people overcome this and realize that by changing our thinking, we can start asking more empowering questions. Instead of wondering when to stop paying, we should ask how long we can continue paying the premium and how […]

Duration:00:51:01

202. Income Splitting Strategies for Couples in Canada

1/17/2024
Wealth Without Bay Street 202: Income Splitting Strategies for Couples in Canada Curious about how to split income with your partner or spouse? It's a question on everyone's mind, especially when the rules keep changing and it becomes a myriad of complications. People are eager to find ways to maximize their tax benefits. Our good friend, Dan Allen, joins us to discuss the concept of income splitting. Dan, being a seasoned individual with experience under various governments and tax environments, brings a wealth of knowledge to the table. Don't miss out, tune in and get ready to learn! ▶ Income […]

Duration:00:45:18

201. How to Melt Down Your RRSP: Case Study

1/10/2024
Wealth Without Bay Street 201: How to Melt Down Your RRSP: Case Study Looking for a strategy to handle a potential RRSP meltdown? We've got you covered! Our sample plan generally requires a time commitment of at least 6 years. In this real example we accomplished for client Peter, we helped him navigate the process of withdrawing $300,000, while ensuring all taxes are taken care of. The key here is to focus on putting this money into a contractually guaranteed and financially secure solution, offered by reliable insurance companies. Unleash the full potential of your retirement savings! WATCH: ▶ How […]

Duration:01:05:47

200. Episode 200: 1st Episode of 2024

1/3/2024
Wealth Without Bay Street 200: 1st Episode of 2024 “New year, new me” is a thing of the past. How about a New Decade resolution instead? With a decade ahead of us, we have room for growth and forgiveness. Let's focus on gradual and steady progress towards our goals. Reflect on the past, decide what you want to leave behind, and envision all the amazing things that will accompany you on this journey. Remember, small consistent efforts will lead to big results. Let's strive to build our best decade ever! Join this powerful new conversation: Episode 200 – 1st Episode […]

Duration:00:36:26

199. Cracking The Health and Wealth Code

12/27/2023
Wealth Without Bay Street 199: Cracking The Health and Wealth Code At our company, we emphasize the importance of protecting not just your finances but also prioritizing your health as a valuable asset. Just as you rely on advisors to handle your money matters, having guidance for your well-being is equally crucial. In this episode, we have Lisa Brooking, the CEO of Healthcode Medical Inc., joining us to discuss the value of functional medicine which gets to the root cause of health issues and utilizing innovative tech and testing. By combining these aspects, high quality person-centered care is becoming more […]

Duration:00:40:00

198. 2024 Canadian Tax Changes, CPP And Economic Updates

12/20/2023
Wealth Without Bay Street 198: 2024 Canadian Tax Changes, CPP And Economic Updates Simply put, inflation works as a sneaky tax on your income. It affects every dollar you make, ultimately reducing the amount of what you can keep. As Canadians, we are constantly burdened with punishing taxes, including some that are not widely known, that drain more of our hard-earned money. How can we fight back against this invisible tax? Are there any new changes and economic updates in Canada we should prepare for in 2024? Let's consider the idea of building a secure storage warehouse to protect our […]

Duration:01:22:01

197. Self Leadership: How To Achieve Becoming Your Own Banker

12/13/2023
Wealth Without Bay Street 197: Self Leadership: How To Achieve Becoming Your Own Banker If you find yourself complaining and feeling like a victim of the banking system, it's time to take charge and change the equation. Mike Sambrook, the Principal of Brackish Consulting Group and an IBC practitioner, puts it perfectly: many individuals miss out on unlocking generational wealth simply because they struggle to understand their current situation and are unsure about their desired destination. This holds true in various aspects of life, such as finance, health, business, and relationships. Every area of life is a journey from point […]

Duration:00:50:21

196. How to Achieve Personal and Financial Sovereignty

12/6/2023
Wealth Without Bay Street 196: How to Achieve Personal and Financial Sovereignty We are witnessing a concerning trend: federal authority is encroaching on the jurisdiction of the provinces in Canada. This limits the decision-making power that the provinces are entitled to under our constitutional rights. In this episode, we have a conversation with Jay Martin, an investor and CEO, who highlights the consequences of this interference. When our local economies are hindered and our ability to govern in our best interest is compromised, it becomes evident that centralization leads to more mistakes and makes the system more vulnerable. Join us […]

Duration:01:08:54

195. Using the Infinite Banking Concept to Reset Your Business

11/29/2023
Wealth Without Bay Street 195: Using the Infinite Banking Concept to Reset Your Business What exactly does it look like to completely restart your life after 30 years and finding out that you're losing a business you've worked so hard in? Well, our amazing client Laura Harkin has gone through this challenging experience, and she's here to share the valuable lessons she's learned. From establishing a holding company and setting up a family trust to ensuring a secure financial legacy for the next generation, Laura shows us how to hit that reset button on life with confidence. DON’T MISS this […]

Duration:00:56:10

194. How to Go Big to Give Big with Randy Molland

11/22/2023
Wealth Without Bay Street 194: How to Go Big to Give Big with Randy Molland At our core, we have a passion for GIVING and truly connect with Randy Molland's various endeavors that are dedicated to impactful causes we deeply care about. Today, we had the amazing opportunity to sit with him in a heartening conversation, talking about his inspiration behind the GoBigToGiveBig movement, how he does time/energy management wisely, and what he is currently working on to create a new brand of entrepreneurs of the future. TUNE IN to — How to Go Big to […]

Duration:00:45:57

193. Gold Backed Banking: The Best Form of Insurance

11/15/2023
Wealth Without Bay Street 193: Gold Backed Banking: The Best Form of Insurance Heads up, Canada folks! It's important to stay informed about some concerning developments happening around us. In this episode, we sit with Brett Oland as we talk about the latest 2023 budget, potential changes to federal matters and where credit unions hold an edge. Brett shares insights into the challenges faced by the banking industry and how he's innovating the game, especially in Alberta, Canada. WATCH ▶ Gold Backed Banking: The Best Form of Insurance Download a FREE copy of our bestselling books Cash Follow The Leader: […]

Duration:00:36:34

192. Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole Life Insurance

11/8/2023
Wealth Without Bay Street 192: Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole-Life Life Insurance Hey there! We're aware that many of you have been eagerly waiting for this reaction video. Dave Ramsey has been contacted by people periodically who inquire or have some comment about the process of becoming your own banker, the Infinite Banking Concept. But the conversation always shifts to or is always focused on the product rather than the process, which is really interesting (and sometimes deplorable). Make sure to tune in and join the conversation; it will help you understand what you might already […]

Duration:00:55:34

191. Building Legacy: The Jim Sheils Journey

11/3/2023
Wealth Without Bay Street 191: Building Legacy: The Jim Sheils Journey As your finances start to grow, how do you ensure your family grows alongside you, too? The last thing we want to do is be a success in business and a failure at home, right? Jim Sheils, a real estate investor and the amazing author of the #1 Wall Street Journal best-selling book, “The Family Board Meeting” totally gets it. Today, we have the pleasure of sitting down with him to chat about how to build true wealth, nurture our families, and find our ultimate purpose. Trust us, it's […]

Duration:00:47:42