WealthWithoutBayStreet

If you're tired of being dependent on traditional currency, it's time to explore your options. Due diligence and research are required to determine what path to independence aligns with your values. Maybe you're interested in crypto or perhaps investing in gold, silver, real estate assets, or even seeds to grow your own food source. Whichever is your thing, go for it. 👍🏻 Once you've found the right fit, commit to it and double down if necessary. Keep in mind that you'll need money to invest in these options. Instead of dipping into your regular bank account, consider taking out a policy loan to fund your investment. This way, you can use your money to create the independence you're after. If you want to become your own banker and start creating the freedom you deserve. Call and text us at 844-936-2656 and get started with 7steps.ca

Wealth Without Bay Street 169: Understanding the Shift in the Global Currency System Have you ever wondered where the Canadian and global currency systems are headed? Many people have asked us this question, so Richard Canfield and Henry Wong decided to share perspectives and opinions on it. We'll be discussing the future of the Canadian currency and how the concept of sound money ties in. Plus, we'll talk about how the infinite banking concept can help us navigate any changes that come our way. So please grab a cup of coffee, and let's dive into this important topic. Tune in to this new episode – Understanding the Shift in the Global Currency System. FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ Get our Bestselling Books: 1. Canadians Guide To Wealth Building Without Risk: https://www.youtube.com/watch?v=gp6288pP7KA 2. Cash Follow The Leader: https://cashfollows.com/ IN THIS EPISODE, YOU WILL LEARN: [00:00:30] Introduction: How exactly has our currency been shifting and adjusting over time? [07:09] The current Fiat model and looking in 1971 when President Nixon removed the gold standard for the US dollars [13:26] What is a central bank digital currency? [20:20] How we're actually sending digital IOUs and digital claims to money [22:42] Elon Musk's interesting point on the current monetary system [33:48] Using 60-year-old technology in a modern technological world [35:17] Getting rid of the penny in Canada [41:25] Richard's painstaking banking experiences [51:37] Steps to start separating yourself from fiat currency dependency [56:16] The infinite banking concept as an alternative sound money solution QUOTES: ● A 60-year-old technology widely in use is the backbone of the digital money system that we operate in today. ● Everything that is operated with fiat currency now is just based on the confidence of the government. ● The robustness in the design of how the insurance company works has been historically proven for 200 years. #RichardCanfield #HenryWong #theinfinitebankingconcept ———————————————————————————————— WEALTH WITHOUT BAY STREET LINKS: Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427 Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427 Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here: https://dayofnelson.com/day Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/ IBC RECOMMENDED BOOKS https://wealthwithoutbaystreet.com/books WATCH THE DOCUMENTARY Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ #WWBS #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet

Putting your hard-earned money in a savings or checking account is just the most natural thing to do. But what if there is a better, more ingenious way to manage your $$$, have more control, and achieve life-long earning potential? Become your own banker and start creating the freedom you deserve. Call and text us at 844-936-2656 and get started with 7steps.ca. https://youtu.be/2kmpcV59Tqg

The ideal insurance contract offers an excellent chance for your money to grow, guarantees that the cash value will always match the death benefit, and gives access to an easy-access policy loan, which can be a lifesaver in times of need. https://youtu.be/2kmpcV59Tqg

Are you truly free in what you can do with the money you make? ❓🧐 In this episode, we shed some light on the truths and fallacies within the banking framework. Learn the interesting dynamic where, despite our lifelong belief that the money we earn is ours, the system dictates what can and cannot be done with that income. WATCH: Infinite Banking Concept Fallacies and Myths with Richard Canfield and Henry Wong. ▶️ https://youtu.be/2kmpcV59Tqg

Picture this: So which one of your assets, if any, could you turn into cash right away without triggering tax and without reducing a penny of the asset's value? https://youtu.be/6ugDUCFRtGE

Investing in a participating, dividend-paying whole life insurance contract is a smart move that ensures you can even generate cash at a discounted rate. How much would you like to generate? Our team is ready to assist you! With tax-free build-up, you'll have access to capital on your own terms. Start the journey of Becoming Your Own Banker! Call and text us at 844-936-8656 and get started with 7steps.ca

It's not enough to just pay premiums. You need to make sure you're getting the most out of your investment. That's where a unilateral binding contract comes in. This contract guarantees tax-free delivery of money - a must-have for any savvy business owner. Tune in to this new episode – Understanding The Roots Of Infinite Banking Concept. https://youtu.be/6ugDUCFRtGE

Learn a NEW way to find more joint venture capital, watch this! 👇 https://youtu.be/8TAX9fdxpqw Real estate is always changing, but 2023 will bring new opportunities for investors. There will be distressed sellers, and it's time to get ready. Private lending can help, but it's important to be smart and minimize risks. Look for creative ways to access capital and recognize good deals.

Managing your life insurance policy is like tending a garden - the more water you give it, the more effectively it grows. By funding the premium earlier in the policy year, you have the contractual authority (but not obligation) to significantly increase the impact of the dividend. Tune in to this new episode – How The Infinite Banking System Started. https://youtu.be/CgS35RAycIg

This is the beauty of Infinite Banking - a strategy that can help you build long-lasting, tax-advantaged wealth. Explore the possibilities of creating your own income-generating tree and watch it grow with each passing year while you benefit from its steady returns. Start the journey of Becoming Your Own Banker! Call and text us at 844-936-2656 and get started with 7steps.ca

Imagine the joy of leaving a legacy beyond the memories shared with your loved ones. A gift that would create generational wealth, securing your family's future for years to come. This is what we teach: time tested dividend-paying whole life insurance that is the ultimate gift that one can leave to their descendants. No more worrying about paying back loans or struggling to make ends meet. Your family can finally rest easy knowing that their future is secure. 🔥💯https://youtu.be/qF9CWYSSfvo

If the concept of financial freedom resonates with you, becoming your own banker will make your dream come true. It's not just an abstract ideal - but the very core of what it means to build an impactful life. https://youtu.be/qF9CWYSSfvo

Even though he's not a lawyer, R. Nelson Nash's concept of becoming your own banker has transformed many minds on the essential power of a contract. The strategy he teaches provides invaluable insights into how to harness the power of a contract and use it to your advantage. It's not just about understanding the law - it's about using it to your benefit. Tune in to this new episode – Faith & Freedom in Infinite Banking with Leighton Grey. https://youtu.be/qF9CWYSSfvo

Wealth Without Bay Street 165: Faith And Freedom In Infinite Banking From constitutional lawyer to entrepreneur and epic podcast host, tune in to the inspiring journey of Leighton Grey. For several years, Leighton has firmly established himself as one of Alberta's preeminent lawyers. His outstanding record in the courtroom has made its way into the world of business. Leighton believes that achieving financial freedom is in itself an immense service to many others. In this episode, he shares the value of seeking intelligent conversations, our destiny to build generational wealth and his point of view on R. Nelson Nash's concept of becoming his own banker. FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ Get our Bestselling Books: Canadians Guide To Wealth Building Without Risk: https://wealthwithoutbaystreet.com/ww't ... Cash Follow The Leader: https://cashfollows.com/ IN THIS EPISODE, YOU WILL LEARN: [05:07] Introduction: Meet Leighton Grey, an incredible litigator well-known in the Canadian space pursuing entrepreneurship and infinite banking [12:10] The most important thing about being in business with someone is having a shared set of values [14:48] A lawyer's POV about Mr. Nash's whole concept of becoming your own banker [22:06] You and your family deserve the beautiful gift of generational wealth [27:57] The gross misclassification of whole life insurance [35:21] A financial strategy that puts your interests first - not the banks! [47:16] What practitioners in the legal business need to know about infinite banking #WWBS #theinfinitebankingconcept #LeightonGrey #JaysonLowe #RichardCanfield QUOTES: Financial freedom is something to be created, not pursued. Every time the consumer sends money to the bank, they're expanding that bank's capabilities to create more money that hasn't existed before. To be your own banker, that's like a dream. Create the beautiful gift of generational wealth. Anybody at any age who will discover Nelson Nash's incredible piece of wisdom will find it so powerful. Just about every lawyer who is in practice, even the ones who are in very large firms, are beholden to banks. ———————————————————————————————— WEALTH WITHOUT BAY STREET LINKS: Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427 Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427 Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here: https://www.youtube.com/watch?v=gp6288pP7KA Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/ IBC RECOMMENDED BOOKS: https://wealthwithoutbaystreet.com/books WATCH THE DOCUMENTARY: Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ 5 Myths of the Canada Pension Plan: https://www.fraserinstitute.org/5-myths-of-the-canada-pension-plan See your own CPP contributions via your Service Canada Account: https://www.canada.ca/en/employment-social-development/services/my-account.html CPP Contribution rates, maximums and exemptions: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html F2022 Annual Report on CPP Investments: https://www.cppinvestments.com/the-fund/our-performance/financial-results/f2022-annual-results/

Get an ever-increasing supply of capital that's readily accessible on demand on your terms. Starting now, learn how you can begin accumulating cash value in no time, plus you don't have to worry about any tax implications on the guaranteed increase of your cash value. WATCH: A Tax Free Addition To Your Business Surplus. https://youtu.be/zePTghxI10A . #WWBS #RichardCanfield #JaysonLowe #theinfinitebankingconcept #wealthwithoutbaystreet

Wealth Without Bay Street 163: How Active Versus Passive Business Income Is Taxed In A Canadian Controlled Corporation Are you aware of the tax differences between active and passive income in the corporate world? It's important to understand the details surrounding both types of income, especially with rule changes that have affected definitions many of us widely believe. In all honesty, the current tax rules for passive income are quite unfriendly towards earners. Join Richard and Henry in discussing these issues to avoid any unpleasant surprises when it comes to filing taxes. FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ http://Keeptaxesaway.com Get our Bestselling Books: 1. Canadians Guide To Wealth Building Without Risk: https://wealthwithoutbaystreet.com/wwbs-book-1/ 2. Cash Follow The Leader: https://cashfollows.com/ IN THIS EPISODE, YOU WILL LEARN: [01:22] Introduction: What's the difference between passive and active income taxes in a Canadian-controlled corporation? [10:15] Why the marketed feature of incorporation is that it pays lower taxes isn't always true [20:06] Make sure that you're serving more than one main client throughout a given tax year [26:51] Flow Chart: Property source and the taxable capital gains source [30:04] The small business deduction explained [39:44] Incorporating their real estate [45:08] Passive income test [51:02] Comparison of two corporations with investment incomes QUOTES: ● The passive income tax rules are not particularly friendly for anyone earning income. ● Once you introduce a corporation – cost and complexity become much higher. ● The onus in our tax world, at least in Canada, is always on the back of the taxpayer. ● For real estate investors, rental income and capital gains are significant to understand the effects of the decisions you make in the future. ● Most corporate owners end up falling into the income investment trap. Sometimes we're not putting our vision forward and looking at what that next tax bill will look like. ● You can be tax-exempt in a good way that allows your capital to continue to grow. ———————————————————————————————— 🎙️WEALTH WITHOUT BAY STREET LINKS: FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427 Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427 Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here: https://dayofnelson.com/day 🤝 Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/ 📚 IBC RECOMMENDED BOOKS https://wealthwithoutbaystreet.com/books 📽️ WATCH THE DOCUMENTARY Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ 💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ 5 Myths of the Canada Pension Plan: https://www.fraserinstitute.org/5-myths-of-the-canada-pension-plan See your own CPP contributions via your Service Canada Account: https://www.canada.ca/en/employment-social-development/services/my-account.html CPP Contribution rates, maximums and exemptions: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html F2022 Annual Report on CPP Investments: https://www.cppinvestments.com/the-fund/our-performance/financial-results/f2022-annual-results/ #WWBS #RichardCanfield #JaysonLowe #HenryWong #theinfinitebankingconcept #wealthwithoutbaystreet

Real World Education Not everything we need to learn to build a successful business can be learned in school. The real world demands leaders who can cultivate genuine connections, motivate individuals, and tap into their strengths. These essential skills are not found in textbooks but are acquired from experiential learning in entrepreneurship. Tune in to this new episode - Enhance Your Physical And Financial Well-Being Through Energy Flow with Harry Massey — https://youtu.be/XHSZvh_1Ge0 #education #businesseducation

Know Your Numbers Self-improvement is necessary for achieving the next best level in life and business. This could involve altering beliefs surrounding money, improving relationships, or acquiring specific skill sets. It is always personal resistance that hinders progress. Tune in to this new episode - Enhance Your Physical And Financial Well-Being Through Energy Flow with Harry Massey — https://youtu.be/XHSZvh_1Ge0 #knowyournumbers #business

Enhance Your Physical and Financial Well Being Every entrepreneurial origin story inspires you to push ahead in your journey. Our guest, Harry Massey, suffered from severe chronic fatigue syndrome, which left him bedridden for over 7 long years. His quest for healing and finding it became his foundation in building successful businesses – focusing on that one customer whose pains you want to solve and provide help. FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ Get our Bestselling Books: 1. Canadians Guide To Wealth Building Without Risk: https://wealthwithoutbaystreet.com/wwbs-book-1/ 2. Cash Follow The Leader: https://cashfollows.com/ IN THIS EPISODE, YOU WILL LEARN: [01:14] Introduction: Grow your money by understanding the flow of energy [02:35] Harry's climbing accidents and unusual story [05:01] Discovering BioEnergetics [10:45] Harry on the Law of Attraction VS. Aligning Your Purpose [17:30] Experiential learning and entrepreneurship [27:14] Capital raising and bringing people along with a vision [33:58] Making films and keeping the faith QUOTES: "The health challenges you experience give you the ability to rethink your thinking." "Often, we are our worst enemy in life, and the negative programming wraps up in our brains." "Not everything we need to learn to build a successful business can be learned in school." "You can't operate a business without knowing your numbers." "You don't necessarily need capital. You need imagination and some determination." "Just because you had success in one area before doesn't necessarily mean that you can duplicate that success again." --------------- 🎙️ WEALTH WITHOUT BAY STREET LINKS: Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427 Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427 Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/ 📚 IBC RECOMMENDED BOOKS: https://wealthwithoutbaystreet.com/books 📽️ WATCH THE DOCUMENTARY: Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ #personalfinance #personalfinancetips #physicalwellbeing

The late and great Ben Feldman said the best investment is "one that pays the most when it's needed the most." For the person looking to build dependable wealth, choosing and deciding where to invest your money can be challenging. With that in mind, consider warehousing your money in an entity that you own – a life insurance company you have a co-ownership interest in as a participating policy owner. This approach enables you to share in the profits of the insurance company, giving you dependable wealth-building potential. Plus, with daily accumulation that attracts zero tax, you can rest assured that your hard- earned money is working for you without being diminished by taxes. WATCH ▶️ How To Create More Certainty and Cash Value: Retirement Planning 2023 - https://youtu.be/KlrAB4YHBUY #podcast #retirementplanning #financialplanning

Are you confident your loved ones will receive everything you want to leave behind? Don't leave the distribution of your estate value to chance. Instead, make sure that your policy takes into account the full value of your estate, including growth and any potential taxes or expenses. Don't wait - take control of your legacy today. WATCH ▶️ How To Create More Certainty and Cash Value: Retirement Planning 2023 - https://youtu.be/KlrAB4YHBUY #podcast #retirementplanning #financialplanning

Create More Certainty & Cash Value | Retirement Planning 2023 Wealth Without Bay Street Episode 161: The late and great Ben Feldman said the best investment is "one that pays the most when it's needed the most." For the person looking to build dependable wealth, choosing and deciding where to invest your money can be challenging. Join Richard & Jayson as they talk about the power of warehousing your money in an entity that you own – giving you dependable wealth-building potential. You see, most people retire on the assumption that the stock market will go up over the course of their retirement. However, this isn't always the case. In this video, we will share with you a wealth-building strategy called "Infinite Banking" which guarantees you a minimum level of cash value in your retirement account regardless of stock market volatility. This is a strategy that could save you a lot of money in the long run, so be sure to watch this video and learn how to create more certainty and cash value in your retirement planning! FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/ Get our Bestselling Books: 1. Canadians Guide To Wealth Building Without Risk: https://wealthwithoutbaystreet.com/wwbs-book-1/ 2. Cash Follow The Leader: https://cashfollows.com/ IN THIS EPISODE, YOU WILL LEARN: [00:00:02] Intro [03:18] The word "retirement" and what it represents [05:18] Why you should add a dividend-paying whole life policy to your repertoire [09:00] Conduct a liquidity test [10:19] Counter market volatility with your real estate investments [15:10] The perfect definition of the best investment [19:39] Leveraging insurance and building passive income [23:53] Why the death benefit must have merit [27:10] Setting a volatility buffer already installed in your financial plan QUOTES: "Don't do without and leave more behind." "The market always comes back. But on whose schedule?" "Don’t kill the principal. Allow other assets or investment classes to produce the income you need." "The death benefit windfall will not trigger any taxable event when you have named beneficiaries, and you're leaving that money behind." "Your life insurance gives you financial certainty and reduces the stress and anxiety from what happens when you outlive your money." #InfiniteBanking #BecomingYourOwnBanker #HighCashValueLifeInsurance ———————————————————————————————— 🎙️ WEALTH WITHOUT BAY STREET LINKS: Learn how Canadians are Implementing Infinite Banking for Free Here: https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427 Podcast Website: https://wealthwithoutbaystreet.com/ Follow us on Facebook: https://wealthwithoutbaystreet.com/fb Subscribe to our Youtube Channel: https://wealthwithoutbaystreet.com/yt Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427 Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/ 📚 IBC RECOMMENDED BOOKS: https://wealthwithoutbaystreet.com/books 📽️ WATCH THE DOCUMENTARY: Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/ Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/ EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/ 5 Myths of the Canada Pension Plan: https://www.fraserinstitute.org/5-myths-of-the-canada-pension-plan See your own CPP contributions via your Service Canada Account: https://www.canada.ca/en/employment-social-development/services/my-account.html CPP Contribution rates, maximums and exemptions: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html F2022 Annual Report on CPP Investments: https://www.cppinvestments.com/the-fund/our-performance/financial-results/f2022-annual-results/ #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet

This is the path to certainty, something that our clients truly value! Watch the full video with Jayson and Richard: https://youtu.be/1hq3tduO0eM

Uncertainty leads to anxiety, adding this tool to the process creates certainty. Watch the full video with Jayson and Richard: https://youtu.be/1hq3tduO0eM