Using Infinite Banking To Combat A Recession | Positioning Yourself To Take Advantage Of A Down Economy

On this week’s episode, Darren and Christina are back with another installment of the Nelson Nash Series. In part 7, they go over page 65 in the book that talks about the capitalizing and implementation of your banking system. They also chat about how to store your money properly before investing. Tune in now!

Show notes:

00:00 - Introduction

2:00 - Capitalizing our systems

6:00 - How does the infinite banking concept differ from traditional investing?

12:00 - How do I start using the infinite banking concept?

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On today’s episode, Darren and Christina are chatting about the lifetime capital gains exemption that can be used by small business owners with a corporation among others to save on some of the tax when selling. They chat about how the exemption works, who’s eligible, and different ways you can apply it. Tune in now!

Show notes:

00:00 - Introduction

1:40 - What is the lifetime capital gains exemption?

5:30 - Assets that will qualify for the exemption

6:15 - Looking at example of selling a business with lifetime capital gains exemption

10:30 - Can you multiply the capital gains exemption?

12:05 - What is a qualified small business?

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On today’s March Update, Darren and Christina have a lot to cover! Including updates on interest rates, the stock market in Canada and the US, Bitcoin, as well as life insurance industry news and a new tax on flipping in BC that doesn’t exactly seem all that thought out. Tune in now!

Show notes:

00:00 - Introduction

1:20 - Bank of Canada / Interest rates update

3:40 - Is Canada in a recession?

6:25 - Stock market update

7:35 - Bitcoin update

10:55 - Real estate update

18:20 - Life insurance industry news

20:00 - Update on the economy

22:20 - Control and Compound company news

26:20 - Control and Compound podcast news

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On today’s episode, Darren and Christina are breaking down the high cash value participating whole life policy and how the wealthy use it as an asset class. They go through the pros and cons of using the infinite banking strategy and break down what it looks like using a fixed income investment vs. the participating whole life. Tune in now!

Show notes:

00:00 - Introduction

2:15 - Designing your portfolio like the wealthy do

4:10 - The PROS of a high cash value participating whole life policy

13:45 - Example of a GIC (fixed income investment) program vs. participating whole life

21:50 - The CONS of a high cash value participating whole life policy

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On today’s episode, Darren and Christina are breaking down the high cash value participating whole life policy and how the wealthy use it as an asset class. They go through the pros and cons of using the infinite banking strategy and break down what it looks like using a fixed income investment vs. the participating whole life. Tune in now!

Show notes:

00:00 - Introduction

2:15 - Designing your portfolio like the wealthy do

4:10 - The PROS of a high cash value participating whole life policy

13:45 - Example of a GIC (fixed income investment) program vs. participating whole life

21:50 - The CONS of a high cash value participating whole life policy

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Darren and Christina are back with part 5 of their Bitcoin series and in this episode they’ll be going over how Bitcoin is taxed in Canada and depending on certain scenarios, how does CRA classify Bitcoin. Tune in now!

Show notes:

00:00 - Introduction

2:25 - How does the CRA classify Bitcoin?

5:45 - How is Bitcoin taxed at different price points?

11:10 - Is there any way to reduce or eliminate the taxes on Bitcoin?

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On today’s episode, Darren and Christina are breaking down the capital dividend account? Are you a business owner and you’re trying to figure out how to get money out of your corp without paying way TOO much in tax? Well this episode is for you! They go through everything you need to know about the CDA as well as an example of how it works and why pairing it with life insurance can supercharge the account. Tune in now!

Show notes:

00:00 - Introduction

3:45 - What is the capital dividend account (CDA)?

5:45 - What funds the capital dividend account?

9:35 - How does the CDA work with life insurance?

17:35 - Example of impact the CDA can have

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On today’s episode, Darren and Christina are breaking down the RRSP and go over some features that a lot of people may have overlooked! They answer questions like “is an RRSP tax deductible” and “do RRSPs grow tax free” among others and compare the RRSP to other savings vehicles that are necessarily attached to the government. Tune in now!

Show notes:

00:00 - Introduction

4:15 - Is an RRSP tax deductible?

5:20 - Do RRSPs grow tax free?

6:15 - Would you rather have 1 million in an RRSP or $700,000 in a non-government investment vehicle?

7:25 - Planning to retire in a lower tax bracket??

9:45 - Working out the math behind the RRSP

17:25 - Spending the money in your RRSP

25:30 - Characteristics of an ideal investment: does the RRSP check all the boxes?

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On today’s episode, it’s the February update and Darren and Christina are going over everything you need to know including where interest rates are heading this year, the big news for Bitcoin, and where Canada’s real estate market is headed, among other things. Tune in now!

Show notes:

00:00 - Introduction

1:15 - Bank of Canada and interest rates

4:25 - Bitcoin update

6:40 - Real estate market update

10:45 - Canadian economy update

15:10 - Industry news: Dividend announcement

18:50 - Control and Compound news

20:45 - Podcast news

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On today’s episode, Darren and Christina break down the characteristics of the ideal investment including things like growing tax free, available at all times, separate from the government, etc. You might be surprised that the ideal investment or at least something very close to it actually exists and Darren and Christina are going to tell you about it!

Show notes:

00:00 - Introduction

1:30 - What is an investment?

5:25 - Characteristics of the perfect investment

15:30 - Is a high cash value life insurance policy the perfect investment?

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