How To Build Wealth With Infinite Banking… With Patrick Donohoe
The Mike Dillard Show
Mike Dillard
4.8 • 583 Ratings
🗓️ 2 May 2019
⏱️ 50 minutes
🧾️ Download transcript
Summary
Welcome to the Mike Dillard podcast, where entrepreneurs like you, get the knowledge and skills you need to bring your dreams to life.
Today we’re going to talk about one of my favorite investment strategies for entrepreneurs.
As your business and your wealth start to grow, you’re going to realize at some point, that making money is actually easier than keeping money.
Why?
Because the habits, mindset, and behaviors that allowed you to make that money, like taking risks, are the exact opposite of what you need to keep it and grow it.
And what’s really interesting, is that entrepreneurs tend to think that investing, is the same thing as saving.
That taking $50,000 here or $100,000 there, and investing that into other companies or startups is going to magnify your wealth. We’ll I can tell you from experience that, that’s rarely the case, even though it might feel like a similar activity.
So what can you do to ensure that you don’t take unnecessary risks, and that you are setting yourself up to achieve your true goal, which is financial freedom?
Well the first is to become aware of this trap, and the second is to invest your money in ways that will protect and grow it conservatively.
Right now we’re overdue for a stock market crash. We’re in the middle of the longest bull run in history, and we’re hitting new all-time highs, which means one thing… A crash is on the way. It might take place in a few months, or in a few years, but every single day that goes by, brings it one step closer.
The good news is that right now you have a chance to do something about, and to protect your wealth which is exactly what my guest Patrick and I are going to teach you how to do.
This one single investment strategy has the power to completely change your life, so pay attention, take notes, and please help me welcome, Patrick Donohoe.
Resources:
HeadsOrTailsIWin.com
Watch Patrick's Class - How To Build Your Wealth With Infinite Banking
Listen to Mark Ford on the Mike Dillard Podcast
Music:
Music by: Lost Sky
Song: Vision
Licensed under a Creative Commons License
Transcript
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| 0:00.0 | Welcome back to the Mike Dillard podcast where entrepreneurs like you get the knowledge and skills that you need to bring your dreams to life. |
| 0:12.6 | Well, gang, today we're going to talk about one of my favorite investment strategies for entrepreneurs. |
| 0:17.6 | Now, as your business and your wealth start to grow, you're going to realize at some point |
| 0:22.2 | that making money is actually easier than keeping money. Why is that? It's because the habits, |
| 0:28.8 | mindset, and behaviors that allowed you to make that money, like taking risks are the exact |
| 0:33.9 | opposite of what you need to keep and grow it. And what's really interesting is that |
| 0:38.9 | entrepreneurs tend to think that investing is the same thing as saving. They think that taking |
| 0:45.1 | that extra 50,000 you have here, that extra 100,000 you have there, and investing that into |
| 0:49.7 | other companies or startups is going to somehow magnify your wealth. And while there is a chance for that, |
| 0:56.1 | I can tell you from experience that that's rarely the case, even though it might feel like a similar |
| 1:02.7 | activity. So what can you do to ensure that you don't take unnecessary risks and that you're |
| 1:08.3 | setting yourself up to achieve your final one true goal, |
| 1:12.2 | which is financial freedom. Well, the first is to become aware of this trap to begin with, |
| 1:17.3 | and second is to invest your money in ways that will protect and grow that money conservatively. |
| 1:22.6 | Now, right now we are overdue for a stock market crash. We are in the middle of the longest bull run in history |
| 1:28.7 | and we're hitting new all-time highs on the market, which means one thing. A crash is on the way. |
| 1:34.8 | It might take place in a few months or a few years, but every single day that goes by brings it |
| 1:39.8 | one step closer. The good news is that right now you have a chance to do something about it and to |
| 1:45.3 | protect your wealth, which is exactly what my guest here today, Mr. Patrick Donahoe, and I are |
| 1:50.5 | going to teach you how to do. What we're going to show you is an investment strategy that has the |
| 1:55.8 | power to completely change your life. And in my opinion, it is tailor-made for entrepreneurs. It's going to help |
| 2:02.4 | protect you against those habits and risk-taking tendencies that are a part of your DNA. So please |
... |
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