Episode Details
Back to EpisodesWhy You Should Use Infinite Banking to Buy a Car (or any Asset) | Pg 41-45 of Becoming Your Own Banker
Description
This week, Anthony and Cameron break down the five ways to buy a car including two savings methods—CD and IBC—examining their progress over seven years and the eventual long-term benefits by year 51.
Anthony & Cameron explore how each strategy affects financial outcomes, particularly when it comes to car financing. They continue their review of Nelson Nash's book, Becoming Your Own Banker, specifically focusing on pages 41 and 45, offering insights into starting your own banking system and analyzing the role of discipline and capitalization. Moreover, they emphasize the importance of control and ownership in your personal finance journey, backed by real data and theoretical underpinnings.
Resources:
A video on using Cash vs IBC https://youtu.be/c0RJJTYjP4c
Schedule your 15-minute call with Anthony or Cameron here:
Check our online course at www.InfiniteWealthCourse.com
Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC