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Get Rich Education

167: The Infinite Banking Concept with M.C. Laubscher, the Cashflow Ninja

Get Rich Education

Keith Weinhold

Investing, Careers, Business

4.3602 Ratings

🗓️ 27 June 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

#167: Want to own your own bank? Today's guest, M.C. Laubscher, tells you how and why.

The "Infinite Banking Concept" provides you with liquidity, tax-free growth, and your own control outside the banking system.

Many real estate investors utilize the Infinite Banking Concept, aka "Cashflow Banking" to increase their rates of return.

Today's guest also hosts the Cashflow Ninja podcast.

First, I tell you how you are giving more to others than you think. You are already more generous than you knew.

Want more wealth?

1)    Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2)    Actionable turnkey real estate investing opportunity: GREturnkey.com

3)    Read my new, best-selling paperback: getbook.at/7moneymyths

Listen to this week's show and learn:

00:52  You are more of a giver than you think. Here's why.

02:53  Mobility.

07:58  M.C. Laubscher's background and "Rich Dad, Poor Dad" influence.

11:40  Why people struggle financially.

14:11  People don't even consider investing for income.

18:00  Your wealth formula.

21:11  Structured Whole Life Insurance with the Infinite Banking Concept.

25:55  Example of a $1,000 monthly contribution. 6-7% interest rate.

28:45  Example with $60,000 cash value balance.

32:22  Insurance companies are profitable and enduring.

Resources Mentioned:

YourOwnBankingSystem.com

RidgeLendingGroup.com

ValhallaWealth.com

GREturnkey.com

GetRichEducation.com

Transcript

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0:00.0

Get Rich Education is brought to you by Volhollow Wealth and Ridge Lending Group. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. Welcome to GRE, Get Rich Education. I'm your, Keith Weinhold, and today we're talking about

0:39.1

building your wealth through the infinite banking concept with our guest, MC. Loudshir.

0:45.3

But first, yes, Luke Skywalker is back on the big screen, and that's pretty cool, but the bigger

0:50.5

news is that it's the holiday season. And you know what? During this season of giving that we're in,

0:56.3

I want to tell you that you are already doing more giving to others

1:00.7

than you even knew that you were.

1:03.9

Just consider the investor properties that you've bought this year.

1:08.0

Just look back for a moment.

1:09.5

Yeah, when you go out and do that, okay, you've got the

1:12.6

intent of a profiteer, but at the same time, you're being more altruistic than you think.

1:19.6

You've bought property that's been renovated by a provider in that local market. Well, now you're

1:26.2

the one effectively providing clean, safe,

1:29.3

affordable, and functional housing to a tenant. You as the investor are really one of the last

1:35.0

key pieces in taking that property from what I like to call curb appalling to curb appealing.

1:43.7

Besides just providing the tenant family with a place to live, think about

1:48.6

how you've provided support for all of those rehabbers and all of those subcontractors along the

1:56.0

way. You are supporting plumbing companies and electricians and carpenters. And you're also supporting

2:03.4

manufacturing companies, the suppliers of materials from concrete to steelmaking, to lumber

2:10.8

companies, to companies that make roofing materials. And as an investor, you're also supporting

2:16.7

jobs and incomes for your chosen

2:20.5

housing inspector company and all the title company staff and your mortgage loan officer

2:26.0

staff and then ongoing support over the years for your property management company while

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