The Wealth Without Wall Street Podcast
By Russ Morgan & Joey Muré
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BYOB Book Review Part 4 | The Problem in Becoming Your Own Banker by Nelson Nash
• 41 minDo you realize what the problem is with the current banking situation? Chapter 4 of the book Becoming Your Own Banker illustrates this problem using the example of a 29-year-old man making $28,500 yearly after taxes and what he does with the after-tax income. Nelson also compares the situation to flying a plane. Tune in to fully appreciate the analogy and discover the most profitable thing you can do. In response to the requests to bring back the BYOB series, Russ and Joey continue their book review and discuss the problem in Becoming Your Own Banker (BYOB). This episode is Part 4 of an 18-Part Series. Top 3 Things You’ll Learn: How to analyze your financial situation and create solutionsCreating and expanding your financial systemLearning to control your financial environment is the most profitable thing you can do. About R. Nelson Nash: R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy: https://www.youtube.com/watch?v=h4rugVZkajc The Richest Man in Babylon by George S. Clason: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall Turn Active Income Into Passive Income: https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer: https://wealthwithoutwallstreet.com/quiz Discover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passport Apply to Join the Passive Income Mastermind: https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind Join the Community: community.wealthwithoutwallstreet.com/ —
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