Wealth Without Bay Street

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 […]

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 […]

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: […]

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 […]

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 […]

Wealth Without Bay Street 190: Victoria Declares Whole Life Insurance Is A SCAM On this platform, we believe in sharing only honest and reliable information. Our ultimate goal is to help everyone effectively manage and safeguard their wealth and maximize the Infinite Banking Concept. Unfortunately, there are individuals who refuse to accept the truth, even when we present it logically and back it up with extensive research and a proven track record. Let's not be someone who values emotions more than facts and logic. It's crucial to exercise caution in choosing who to trust when it comes to wealth protection […]

Wealth Without Bay Street 189: What Are You Really Worth? “What Would the Rockefellers Do?” is one great read not just for advisors but for anybody who is looking to grow and protect their wealth for generations. In this new episode, we sit down with the author himself, Michael Isom who invites us to think about how the concept of human life value is crucial here. Our worth as individuals and the ideas we generate are what give rise to property value. So, it's a simple equation: to enhance our property value, let's focus on enhancing our human life value. […]

Wealth Without Bay Street 188: Why Protecting Your Intellectual Property Should Be A Priority To bring fresh ideas and inventions to life – it requires time, money, dedication, and brainpower. Ensuring the security of your business starts with safeguarding your innovations and concepts right from the start. In this episode, we sit down with Devin Miller, Founder & CEO of Miller IP Law to cover what any startup and small business should know about safeguarding your intellectual property, which acts as a valuable intangible asset, enhancing the success and value of your business. Learn more in this insightful NEW episode: […]

Wealth Without Bay Street 187: How to Prepare for Future Financial Windfalls When the inevitable occurs and death comes knocking, there's something called a death benefit that you should know about. This benefit is completely tax-free, comes in the form of large money, and Nelson Nash wisely referred to it as a future windfall. So, we want to ask all of you: How well-prepared are you for the inevitable? And how ready are you to handle these future windfalls? Have you ever thought about it from a different perspective? Are you even aware of the best approach to deal with […]

Wealth Without Bay Street 186: Whole Life Policy Design: What You Need To Know In Becoming Your Own Banker, page 38, Nelson Nash describes the attributes of a whole life policy that would be ideal for The Infinite Banking Concept. Unfortunately, most of us have been taught to see insurance as something we should contribute as little as possible to, while expecting maximum benefits from it. However, it's time to think of a different approach and redefine what PREMIUM should mean for you! The premium when designed correctly is the solution to many of our financial problems. WATCH: Whole Life […]

Wealth Without Bay Street 185: What is an Infinite Banking Policy? There is no such thing as ‘Infinite Banking Policy.' You may hear this everywhere on the Internet. Statements such as “here is how to get yourself an ‘Infinite Banking Policy.' These are three words put together a lot that never should be. Why, you ask? Because there's no such thing. Certainly, the call needs to be raised to our colleagues and fellow IBC practitioners, and we should be mindful of our language to educate our clients. More importantly there is many out in the marketplace with a microphone “claiming” […]

Wealth Without Bay Street 184: Should I Use RRSP Matching? From the time Canadians land their first job, they're commonly directed to invest in the Registered Retirement Savings Plan (RRSP) as a savings strategy. Interestingly, while it may seem that we're being nudged to place our money into this program by the people around us, the marketers, and the economic environment we live in – there's more to the story. Depending on your income bracket, using the RRSP in connection with your employer's matching program might not be greatly advantageous. That's because you may actually end up incurring higher taxes, […]

Wealth Without Bay Street 183: Learn, Earn, and Build a Legacy with IBC We absolutely admire working with individuals who approach life with respect, have strong family values, an active mindset, eagerness to learn, and openness to coaching. One of our awesome clients, Thomas Eade, is a constant source of inspiration. He always finds a way to invest in furthering his own learning given the nature of his work where he is always on travel and generally not home all the time with his family – undeniably a commendable initiative. Sadly, not everyone is ready to make this kind of […]

Wealth Without Bay Street 182: Invest In Your Most Valuable Asset Looking for unique ways to guard and grow your wealth, just like the top 1%? Dave Wolcott suggests that Infinite Banking is one alternative wealth strategy you should definitely pay attention to. This serial entrepreneur and ex-marine captain has come on board to discuss the major money concepts in his book “The Holistic Wealth Strategy, a Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life.” Check out this amazing new episode! Give it a listen, it's truly powerful! WATCH: INVEST IN YOUR MOST VALUABLE ASSET […]

Wealth Without Bay Street 181: Is Your HELOC A Ticking Time Bomb? Is your home equity line of credit (HELOC) potentially a ticking financial bomb? We sure hope not! Today, we're chatting with Henry Wong about some of the uncertainties in the HELOC market that's been noticeable in the Canadian landscape. We find ourselves navigating […]

Wealth Without Bay Street 180: Clarifying The Marketing Language Of Infinite Banking Everyone should be aware, especially our clients, what the Infinite Banking Concept is. Many practitioners sensationalize the message. The idea isn't about ‘beating' the bank, it's about becoming the banker. What you're doing is stepping into one of the four roles outlined […]

Wealth Without Bay Street 179: Estate Freeze with Richard Canfield & Henry Wong One thing that many people often forget is that we don't know when our best before date is. It's actually really important to be prepared for the unexpected by taking care of tax, estate and insurance planning, and ensuring the set up […]

Wealth Without Bay Street 178: Cash Follows The Leader – Finding The Money To Start IBC You might be wondering, “How on earth can I find the money to start my infinite banking journey?” Here's the deal: you make money, you spend it, you make more money, and you spend it again. With this cycle […]

Wealth Without Bay Street 177: Raising Private Money with Jay Conner, Richard Canfield & Jayson Lowe If you're considering entering the exciting realm of real estate investment, you have the unique opportunity to grow on the side of private lending. Many individuals are eager to loan their funds from their investment capital or retirement funds […]

Wealth Without Bay Street 176: Cash Follows The Leader – The Foundation Of The Policy The more you explore the Infinite Banking Concept, the more opportunities for growth you will discover. It's one thing to gain control of your money – maintaining it is another. Chapter 2 of Cash Follows the Leader is where we […]