MI256: How to Become Your Own Bank w/ Jerry Fetta
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 9 February 2023
⏱️ 64 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.8 | There's no way around the deposit borrow thing. Like, that's just part of the way banking works. And so that's where if you can flip it, I call it the banking quadrant. You know, everyone's a depositor. Some people can be borrowers. Almost nobody is the banker and almost nobody is the shareholder. And so if I can be all four of those, then I make money by depositing, borrowing, and doing smart things |
| 0:20.9 | with that. |
| 0:21.3 | I make money organizing and arranging those loans with the arbitrage. |
| 0:24.6 | And I make that dividend as a shareholder. |
| 0:29.6 | On today's episode, I bring back Jerry Fedda, who is the founder and CEO of Wealth Dynamics, |
| 0:35.5 | which is a financial firm that provides education and |
| 0:38.7 | helps people across the U.S. and now Canada build wealth and achieve greater financial freedom. |
| 0:44.6 | During this episode, I bring Jerry back to discuss his unique approach to building wealth, |
| 0:49.5 | which centers around you becoming your own bank, making your money work smarter for you |
| 0:54.0 | by using the same |
| 0:55.1 | framework and method that is used by the wealthy and the traditional banking system. |
| 0:59.6 | We dive into this strategy in more detail. He answers some listener questions and concerns |
| 1:04.8 | on the strategy and the mistakes that can happen if you don't set up the policy properly. |
| 1:10.0 | Jerry also shares the different ways that |
| 1:12.0 | he uses this framework to invest and some examples of investments he made during 2022, including |
| 1:18.2 | secure private lending and seller finance real estate deals. We dive into how you can invest in this |
| 1:24.7 | space with no prior real estate experience and without having to be |
| 1:28.8 | actively involved in the properties, which I think is one of the biggest hurdles for investors |
| 1:34.4 | starting out in this space. I really enjoyed this conversation with Jerry. There's something to |
| 1:39.8 | say about being more in control of all aspects of your money and using methods that are a bit |
| 1:45.1 | unconventional but ones that are utilized by the top 1%. And the big reason I like his strategy |
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