How To Get The Most Out Of Infinite Banking

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5 • 681 Ratings

🗓️ 27 December 2018

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of The Art of Passive Income, we bring back financial advisor and money mentor, Chris Miles—MoneyRipples.com for round 2. Join Mark and Scott as they talk with Chris about the Infinite Banking Concept. Chris digs deep into what the IBC is from his perspective as a business owner and investor. He shows us how he uses it as a super-charged savings account, making money in two places at the same time. The guys delve into: How it differs from a QRP The benefits and the disadvantages Debt vs. cash Qualifying and set-up time The max to put in And, so much more! By taking Wall Street out of the equation, Chris leverages whole life insurance to invest while his money is still building, growing and compounding tax-free the entire time. The hardest part is that you can use it in so many different ways, that it's your imagination that really becomes be the limitation. Is this system a no-brainer? Listen in now and you decide… TIP OF THE WEEK Mark: Learn more about super-charging your savings account, go to MoneyRipples.com. Scott: Check out the app, TryTailor.com for automatic screenshot stitching. Chris: Everything is about leverage. It's the ultimate key, especially when you create it towards cash flow. You don't have to save up millions of dollars. If you can create leverage and get your money working harder for you, it's amazing how little money you can use to create massive results. Other Resources Mentioned: Calculator.net Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0	Do you have solo economic dependency? That is, if you aren't working, you aren't making money.
0:06.6	The art of passive income podcast is the solution. Discover passive income models so you can enjoy life on your own terms. Let freedom ring.
0:17.6	Hey, it's Mark Podolsky, The Land Geek, with their favorite niche real estate website,
0:22.4	www. www.com.
0:26.3	And today's guests are bringing back.
0:28.3	But before we get into it, I'd be remiss.
0:31.8	I didn't properly introduce my co-host, Six Sigma, the leader of the greatest group training on Earth flight school,
0:42.0	Scott Todd from Scott Todd.net, landmoto.com. And most importantly, you're not automating
0:49.3	your Craigslist and your Facebook postings, posting domination.com forward slash the land geek.
0:56.8	Scott Todd, are you excited to get in this?
1:00.5	I'm excited, man.
1:01.7	I can't wait.
1:03.2	Let's go.
1:04.0	I can't wait either because I was talking, you know, we had Chris Miles on a previous
1:09.0	podcast and then I was on Chris's podcast, and we started talking
1:12.5	about this concept that I'm kind of like vaguely familiar with. And we're going to get into it.
1:20.9	But if you don't know who Chris is, Chris Miles at MoneyRipples.com is your financial advisor and money mentor. He is the cash flow expert,
1:32.1	and he's a leading authority on how to quickly create cash flow and lasting wealth for
1:36.7	thousands of his clients, entrepreneurs and others internationally. He's been featured in
1:41.1	US News, CNN Money, Bankrate.com, and luckily for him, he's finally
1:46.6	on a prestigious media outlet, the art of passive income. Chris, Miles, welcome back. How are you?
1:54.8	Great. It's good to be back on. So let's just get into it. We're talking about this concept
	...

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