How is my worth and my wealth connected?
Worth is intrinsic to being human.
It doesn’t increase or decrease based on my position in society.
The ultimate goal of cash flow awareness is to have more to save each month. It’s not about cutting back your lifestyle and scrimping.
The ideal position is to save first and spend the rest.
Budgeting is stressful, so people avoid it.
“Banker” is a label we use to illustrate a person or entity that has capital in their ownership and control, earning income and interest, that they can use via leverage or access for emergencies or opportunities.
Money in your control is money that can work for you and increase your wealth because the ones with the control are the ones who profit.
Many of the status quo financial strategies will have you putting a significant portion of your capital into the control of financial institutions, Wall Street, and the government.
How can you store your cash in a way that you control it? The most important attributes you want on an account where you store cash are SAFETY, LIQUIDITY, and GROWTH.
We use a concept called the Private Reserve, built on the Infinite Banking Concept, popularized by Nelson Nash.
You want your money earning UNINTERRUPTED COMPOUND INTEREST. To do this, you don’t want to deplete your reserves, but to LEVERAGE your reserves as collateral.