A New Way to Look at Equipment Financing with Nick Kosko
In This Episode:
When people read Becoming Your Own Banker by R. Nelson Nash, they get to the equipment financing example and they don’t understand it. They read it two to three times and then take the Becoming Your Own Banker course inside the CreateTailwind community, and then it sinks in. They think it’s the answer for them and that they have everything figured out. But this week, Jim and Nick Kosko are taking a different approach to this topic, and while they are still explaining it as the book intends it to be explained, they are putting the Breakaway Wealth CreateTailwind spin on it.
Picture this. Nick and Jim buy the exact same brand new F150 pickup truck. Same options, same sticker price, same color, same everything. Nick drives the truck hard and doesn’t worry about the maintenance schedule, he drives it like nobody’s business. How many miles will he get out of the truck? Now, Jim takes the exact same truck that he bought, he changes the oil every 3000 miles, uses the best oil and fuel from the best gas station, has it inspected regularly to make sure it’s running right, and takes good care of it. How long will the truck last for Jim? Wondering how an example about buying a brand new F150 pickup truck relates to infinite banking? It all becomes clear in this week’s episode.
When we look at an insurance contract, we should look at it the same way as this equipment financing example. In this episode, Jim and Nick explore this example further to explain why, and show you what you really need to be focusing on in your life insurance policies. Hear the unique spin that Jim and Nick are putting on this topic and how it differs from the way most Infinite Banking practitioners teach it, learn how to get money to stop flowing away from you and start flowing back to you, and find out why, when you really look at infinite banking and life insurance policies, you actually want to pay the base premiums. Don’t forget, if you want to see all the ins and outs of this equipment financing example from the book, the course inside the CreateTailwind community can help.
Resources Mentioned in This Episode:
Becoming Your Own Banker: Unlock the Infinite Banking Concept by R. Nelson Nash
Acres of Diamonds by Russell H. Conwell
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