In this episode, Jim Oliver and Nick Kosko discuss:
- Premiums and multiple ways it can be paid
- Terry Nash’s logging business example
- Being your own banker
- “Retirement” distribution
Key Takeaways:
- The premium is the solution, not the problem
- By financing equipment you’re able to recapture interest you would have paid to the bank
- If the bank is in charge, then they can close the doors of your business
- The rate is a distraction
“This is about being your own banker and getting that interest to flow to you instead of away from you.” — Nick Kosko
Connect with Nick Kosko:
LinkedIn: Nick Kosko
Facebook: Nick Kosko
Connect with Jim Oliver:
Facebook: CreateTailwind & Jim Oliver
Website: CreateTailwind.com
YouTube: createtailwind.com
LinkedIn: Jim Oliver
Show notes by Podcastologist: Chelsea Taylor-Sturkie
