Episode Details
Back to EpisodesSafest place to store cash. Surprise!!! Its not a Bank
Season 191
Published 2 years, 9 months ago
Description
Wait, banks are not the safest place to store money?? While this might not be new news, after the collapse of Silicon Valley Bank many people are realizing the risk behind their money sitting in a bank. This week Anthony and Cameron will show you why your money IS safe in a whole life insurance policy by explaining the difference between central banks and mutual insurance companies.
Banks and insurance companies will be explained in terms of
- Fractional reserve banking
- Reserve Requirements
- Rate of Return
Enjoy this week's episode!
RESOURCES:
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