39. Interest Rates Vs. Interest Volume when Becoming Your Own Banker

December 01, 2020 00:29:04
39. Interest Rates Vs. Interest Volume when Becoming Your Own Banker
Wealth On Main Street
39. Interest Rates Vs. Interest Volume when Becoming Your Own Banker

Dec 01 2020 | 00:29:04

/

Hosted By

Richard Canfield Jayson Lowe

Show Notes

We all know that banks and other financial institutions charge interest. They charge us to access their pool of money. As consumers we are taught to focus on the interest rate…but we never spend real time actually looking at the physical dollars of interest cost that will walk right through our hands over a lifetime. This is referred to as the volume of interest. What if there was a way you could pay yourself that interest payment instead of paying 3rd party lenders to access the pile of money they have accumulated? It may not happen overnight but Canadians all over the country are being liberated and saving way more for retirement by implementing the mindsets and strategy of Becoming Your Own Banker.  When you take out a policy loan from your Infinite Banking system, you pay the interest back to your system and return the original loan amount…this capital becomes available to use again in the future. That includes your retirement account. The interest you pay goes back to an entity you are a co-owner of. That same entity is required to constantly increase your cash value inside your policy to grow!  Listen as Jayson and Richard explain the difference between interest rates and interest volume.

Episode Links:

View the Mike Smela FB Post and funny Youtube clip mentioned in the Episode here

https://wealthwithoutbaystreet.com/interestvolume

Other Episodes

Episode 0

September 11, 2025 00:52:37
Episode Cover

288: IBC Legacy: Living Wealth Joins Ascendant Financial

In this episode, Nate and Holly Poteet share the story of Living Wealth, their father Ray’s mission, and how Infinite Banking changes families for...

Listen

Episode 0

December 29, 2022 00:33:38
Episode Cover

147. Financial Tailwind For Your Whole Life

Wealth Without Bay Street EPISODE 147: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they...

Listen

Episode

March 15, 2022 00:30:11
Episode Cover

106. Taxing Homeowners In Canada – CMHC Report Reaction

Wealth Without Bay Street EPISODE #106: On today’s episode of Wealth Without Baystreet, Jayson and Richard challenge an article’s view about taxing homeowners in...

Listen