How The Average Person Can Be Their Own Bank | Jim Oliver

The A Game Podcast: Real Estate Investing For Entrepreneurs

Nick Lamagna

Entrepreneurship, Business, Markevansdm, Grantcardone, Wholesalinginc, Sidehustle, Timbratz, Flippinghouses, Wholesale, Education, Pacemorby, Realestateinvesting, Rodkhlief, Brandonturner, Smartpassiveincome, Biggerpockets, Self-improvement, Multifamily

4.6 • 1.6K Ratings

🗓️ 6 November 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Nick Lamagna on The A Game Podcast with his guest Jim Oliver, a master of the Infinite Banking Concept teaching the average person to BE YOUR OWN BANK! He is an entrepreneur, author and format casket builder originally Fighting out of California, he grew up in a less than stellarfinancial position now successful financial wizard and business owner. Jim owns 22 (YES 22!) businesses including his crown jewel, a financial planning firm he founded known as Create Tailwind.

Pivoting to building wealth beyond wall street they have Helped 1000s of individuals and businesses achieve financial success being their own bank teaching people their need for FINANCE over need for investment. He also spreads his message on the "Breakaway Wealth Podcast," as they teach the Infinite banking Concept to acquire businesses, assets and find ways to pay less taxes and get more deductions. All of this is accomplished through the principles of Abundance, Freedom and Control. He has a new book coming out titled MAKE BANK WITHOUT THE BANK available this month!

Topics for this episode include:

✅ What is the infinite banking concept

✅ How inflation affects your assets and savings

✅ Is the money or the deal more important?

✅ Is it too late to save for retirement?

✅ Two major crisis affecting our country we need to know

✅ Compound interest explained for beginners + More!

See the show notes to connect with all things Jim Oliver!

Connect with Jim and Create Tailwind:

createtailwind.com

Breakaway Wealth Podcast

Create Tailwind Community

Create Tailwind on Youtube

Create Tailwind on Facebook

Create Tailwind on LinkedIn

Create Tailwind on Twitter

Create Tailwind on Instagram

Jim Oliver on LinkedIn

Jim Oliver on Facebook

Create Tailwind on Twitter

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www.nicknicknick.com

Text Nick (516)540-5733

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Transcript

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0:17.0	Welcome to the A-game podcast with Nick Lamagna, digging into the minds and experiences of some of today's brightest
0:21.0	entrepreneurs in real estate and business,
0:23.5	along with Hollywood Stars,
0:25.2	UFC fighters, and your favorite rock fans.
0:28.3	People that have figured out how to overcome obstacles,
0:31.1	take chances, live boldly, and no matter what they do, they always bring their
0:36.7	A game. All right my guess today on the a game pockets is Jim Oliver. He is one half of the
0:52.2	dynamic duo behind Create Tailwinds and they're a very
0:55.6	interesting dynamic with infinite banking where Create Tailwind does things
0:59.7	where you're able to utilize stuff to compound interest and roll money over whether you start with five
1:05.0	grand a year or five million a year.
1:07.6	This is a very unique topic that I haven't had people on my podcast to talk about yet, but he
1:12.0	told me some awesome stories after all air about people that have started even making good money but they were trading all their time and how he was able to switch that up through what he's doing with the infinite banking concept and allow them to roll that over into something
1:24.8	that they can actually be in a position where they have good retirement, eventually have good income,
1:29.7	and that actually I have to trade their time. And for a guy who owns over 30 businesses now and he said he spends about four hours a day if that preferably less I think is incredible so a lot of really good lessons to be learned I'm not even going to attempt to explain a little bit of the
1:43.0	foundations of what it is and how it works on this little snippet before, but if you're
1:46.6	looking for something different, if you're interested in how infinite
1:49.7	banking works, what is it, how you can be the bank. It's really cool. It's some interesting stuff and I like the premise where he was like,
1:56.1	you're putting your money in a bank anyway, it might as well be your bank and that was my aha moment there of like, okay, man, there's really some things you can do so whether you're just starting off you only have a little bit of funds this is something you could do if you're starting off and you have a bunch of money you're looking for ways to mitigate your tax burden all kinds of things a lot of good options there for that.
2:12.7	So see the show notes for all the ways to connect with the community, get his new book
2:17.1	about Making Bank Without the Bank by Jim Oliver.
2:19.9	I'm gonna have his putting Nick Costco on soon as well, but see the show notes for the community,
	...

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