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Welcome to the Wealth Without Bay Street podcast, a Canadian guide to building dependable wealth. Join Richard Canfield and Jayson Lowe as they unlock the secrets to creating financial peace of mind in an uncertain world. Discover the strategies and mindsets to a financial future you can bank on. Discussing The Infinite Banking Concept and strategy of BecomingYour Own Banker in Canada as only Canucks can!
Episodes
Tuesday Aug 09, 2022
127. 5 Ways To Reduce Taxes In Canada And Protect Your Wealth
Tuesday Aug 09, 2022
Tuesday Aug 09, 2022
FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/
Wealth Without Bay Street EPISODE 127: Today’s episode features Henry Wong again. Henry is a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today he uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid.
Henry chanced upon the book “Becoming Your Own Banker” and began to piece together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. He now trains others as an accountant in how to build their own personal capital pool and manage their taxation through IBC.
IN THIS EPISODE, YOU WILL LEARN:
0:00 Introduction
1:03 Separating Yourself From The Two Systems
4:54 How Much Tax Does An Average Canadian Family Pay
8:30 The Five D’s
10:04 Using Time To Your Advantage (Defer)
12:38 Misconception of the Lower Tax Bracket
16:19 Design of The Canadian Tax System (Design)
20:47 Defining Your Income (Define)
26:38 Dividing the Income (Divide)
35:38 The Disconnect (Disconnect)
42:15 Other Products Considered Income
🎙️ WEALTH WITHOUT BAY STREET LINKS:
Learn how Canadian are Implementing Infinite Banking for Free Here: https://wealthwithoutbaystreet.com/masterclass
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://wealthwithoutbaystreet.com/15mincall
Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
https://wealthwithoutbaystreet.com/dayofnelson
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community
📚 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/
Wealth Without Bay Street is a Founding Member of the SMB PODCAST NETWORK visit https://www.smbpodcastnetwork.com/ to learn
#WWBS #JaysonLowe #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet #HenryWong
Tuesday Jul 12, 2022
123. Thinking Like a Bank Owner with Justin Craft
Tuesday Jul 12, 2022
Tuesday Jul 12, 2022
FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/
Wealth Without Bay Street EPISODE 123: Joined on today’s episode is Justin Craft, President of Nowlin & Associates, a leading wealth management firm with over 40 years history in the Birmingham area. Recognizing the change in the economic environment in 2008, Justin facilitated the business model change at Nowlin and Associates from a traditional wealth management firm to one that offers educational based introductions to current financial topics. He is a regular on radio talk shows, has hosted over 300 educational workshops and manages the company's training program. Recently he was elected to serve as chair for the nationally recognized Field Advisory Cabinet for Ameritas Financial Corp. He is passionate about financial education and his home city Birmingham and the city's potential.
IN THIS EPISODE, YOU WILL LEARN:
0:00 Introduction
2:54 Justin’s Journey With IBC
7:01 Justin’s Relationship With Nelson
15:10 Looking Back At The Year and Growing
17:19 Get Back to the Basics
22:25 Be in the Banking Business
26:28 Be a Team Player
31:13 How to Help People Who Struggle With the Idea of IBC
35:33 Who Would Justin Want To Be a Hero To
Get Connected:
LinkedIn: https://www.linkedin.com/in/justin-craft-b11a0019/
Website: https://www.nowlinwm.com/node/1094
E-mail: Justin@NowlinWM.com
🎙️ WEALTH WITHOUT BAY STREET LINKS:
Learn how Canadian are Implementing Infinite Banking for Free Here: https://wealthwithoutbaystreet.com/masterclass
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://wealthwithoutbaystreet.com/15mincall
Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
https://wealthwithoutbaystreet.com/dayofnelson
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community
📚 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/
Wealth Without Bay Street is a Founding Member of the SMB PODCAST NETWORK visit https://www.smbpodcastnetwork.com/ to learn
#WWBS #JaysonLowe #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet #JustinCraft
Tuesday Jun 14, 2022
119. The Money Advantage Using Infinite Banking In Canada
Tuesday Jun 14, 2022
Tuesday Jun 14, 2022
FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/
Wealth Without Bay Street EPISODE 119: This episode of Wealth Without Baystreet features Bruce Wehner and Rachel Marshall. Bruce Wehner is the lead advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child.
Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She’s currently writing a book about her near-death experience and how it became the springboard for her family’s multi-generational legacy of more than money.
Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show.
IN THIS EPISODE, YOU WILL LEARN:
0:00 Introduction
1:38 The Money Advantage - How It All Started
7:00 Grasping A Firm Understanding
11:59 Finding The Right Audience
15:05 Bruce’s Journey With IBC
22:02 Rachel’s Journey With IBC
25:31 Reading And Other Learning Mediums
30:08 How The Message Gains Traction
33:50 Always Get Back To The Fundamentals
43:50 Dealing With Negative Comments
52:05 Rachel’s Near-Death Experience
Website: https://themoneyadvantage.com/
LinkedIn: https://www.linkedin.com/company/themoneyadvantage
Facebook: https://www.facebook.com/TheMoneyAdvantage
Twitter: https://twitter.com/Money_Advantage
Instagram: https://www.instagram.com/themoneyadvantage/
YouTube: https://www.youtube.com/c/TheMoneyAdvantage
Rachel Marshall:https://www.linkedin.com/in/rachelmmarshall/
Bruce Wehner: https://www.linkedin.com/in/bruce-wehner-5619b5a
🎙️ WEALTH WITHOUT BAY STREET LINKS:
Learn how Canadian are Implementing Infinite Banking for Free Here: https://wealthwithoutbaystreet.com/masterclass
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://wealthwithoutbaystreet.com/15mincall
Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
https://wealthwithoutbaystreet.com/dayofnelson
🤝 Join Our Community! https://wealthwithoutbaystreet.com/community
📚 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/
Wealth Without Bay Street is a Founding Member of the SMB PODCAST NETWORK visit https://www.smbpodcastnetwork.com/ to learn
#WWBS #JaysonLowe #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet #BruceWehner #RachelMarshall
Friday Jun 05, 2020
14. Confessions of a CPA
Friday Jun 05, 2020
Friday Jun 05, 2020
There’s no such thing as having arrived in knowledge. You rely on your CPA’S as a trusted advisor but your advisor can only be truly valuable if they are committed to having an open mind and are constantly growing and learning.
We know the power of compound interest, consider how powerful compounding your knowledge is. Most CPA’s are focused on the short term objectives and it’s a big missed opportunity. We dig in with Bryan Bloom, author of Confessions of a CPA.
Purchase his book here
https://wealthwithoutbaystreet.com/confession
Want to take a deeper dive into becoming your own banker?
Friday May 15, 2020
13. He Who Has The Gold Makes The Rules
Friday May 15, 2020
Friday May 15, 2020
Let's talk real estate...
When you can’t get access to the equity in your property, that’s a problem.
When you’re increasing the margin of safety for the lender (the bank) and by proxy, dollar for dollar decreasing your margin of safety, that’s a problem.
When you are permanently transferring money away every single month in the form of mortgage payment and you can’t earn interest or save that payment again, that’s a problem.
Whoever has the gold makes the rules.
Are you ready to make a financial change in your life and take control of your own money?
There's a system you can implement that will do just that
Friday Apr 17, 2020
12. Will You Survive or Will You Thrive? It's Your Choice | WWBS Podcast
Friday Apr 17, 2020
Friday Apr 17, 2020
Today’s episode we have a special guest. Winnie Lau aka “Winnie the Winner”. Winnie has demonstrated herself as a strong leader and is one of the few females in the industry, she’s taken on creating the space for the other female practitioners to grow within a predominantly male-centric industry.
We talk about the interactive money & banking program she’s built and made available to help parents teach cashflow basics to kids at a young age. This Cash Smarts For Life program gives both parents and kids the ability to make discussions around money both fun and profitable. Winnie also created an action taker platform to help those that have struggled to complete or to update their Will, Power of Attorney and Personal Directives. These programs focus on clients and their families creating and keeping money and good money habits over generations.
A hero to her daughter and to herself during those dark times of uncertainty. She shows us how you can rise up and take control of your life by focusing on constant education.
Read the rest of this entry »
Thursday Apr 09, 2020
11. Get The Truth, Not Just Opinions | WWBS Podcast
Thursday Apr 09, 2020
Thursday Apr 09, 2020
You want financial freedom? You want the ability to take advantage of the opportunities as they arise?
Then you need to take responsibility and invest the time to understand how money works and not just leave your livelihood on the opinions of the media or advisors that do not have a grasp of the complete picture either. People reach absurd conclusions with limited information. Don’t get caught in that trap. Get the truth, not just opinions
Understand how these financial systems work, get your advisors to show you so that you really understand it for yourself. There is so much misinformation and it’s on each of us to ensure we’re getting the right stuff. Before we make these critical choices.
Today we talk to Todd Langford. Founder and CEO of a software platform called Truth Concepts. Todd has trained thousands of industry professionals on how to use financial software effectively so they are able to see through the garbage that’s out there and empower them to make decisions for themselves and their clients with confidence while fixing the financial stress going on in so many people's lives.
If there is one thing you want to get absolutely clear on, it is why. Why are you wanting to do x? What does that mean in your life?
If you don’t understand the problem, the solution does not matter.
This is an episode to dig into if you’re looking for clarity.
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Friday Mar 13, 2020
9. How to Create Profit First | WWBS Podcast
Friday Mar 13, 2020
Friday Mar 13, 2020
How to turn your business into a money-making machine.
It's difficult enough to run a business with money, let alone when you’re chasing after receivables
Cashflow is always the topic. Whatever business size you are, you need cashflow so you can take care of what you need to take care of and sometimes you’re waiting for cash to come in over long periods of time.
There are those obligations that are due, repeatedly and regularly without fail. Maybe you’re operating off some line of credit and it's been racking up and racking up and racking up.
You're paying out for all these different things, be it materials, supplies, inventory, or equipment needs. You finally get this big influx of cash and you compress that line of credit down, only to find yourself starting the cycle over again.
You seem to be getting bigger…
But you're still chasing that cash flow machine.
That's what happens for a lot of businesses.
Read the rest of this entry »
Thursday Feb 27, 2020
8. Shifting Your Banking Paradigm (Part 2) | WWBS Podcast
Thursday Feb 27, 2020
Thursday Feb 27, 2020
If you haven’t listened to Part 1 of this 2 part series. Be sure to listen to it here.
Part 2: Advisors, your role is fundamental but should not be a dependency.
We human beings have an innate proclivity to get hung up on what we see and what we can touch and feel at the expense of the unseen.
Such as the Illustrations, policy statements and increased value, your return on your investment and the dividend you were paid this year.
But what about the unseen that we don’t take into account? They are such an integral part of our day to day life and we must develop our awareness to grasp their importance.
As advisors, it's paramount to step away from our tendency to want to sell from the illustration. It is only of value if the proper education has been done. Otherwise, it just becomes a source of confusion, dependency and a distraction to whether the client actually understands not only what's on the page, but what this now makes available.
The value for becoming your own banker is not on that page and if you don't lay the educational foundation first, then what you're doing is purchasing a liability not gaining a client.
Resist the urge to cut corners, not pay your dues, not be a part of the community, not do the work.
Read the rest of this entry »
Thursday Feb 20, 2020
7. Shifting Your Banking Paradigm (Part 1) | WWBS Podcast
Thursday Feb 20, 2020
Thursday Feb 20, 2020
Your need for finance is greater than your need for a death benefit.
The problem EVERY person in this world faces is that we don’t make enough money, we’re always playing from behind. Our parents didn’t do it and their parents didn’t do it. We have an opportunity to be that change in our family. Why is that?
The average Canadian (and truly any individual in this economic world) has abdicated their financial responsibility. We do not own nor control the banking function that living our lives depend on.
We have become dependent upon the financial apparatus of the world. The commercial banks, the third party lenders, the mortgage lenders, the auto lenders. We’re dependent on them for our capital.
In this episode, we speak to Ryan Griggs who has a bachelor's and masters in conventional mainstream economics and was on track to become a professor as well. Ryan shares about this coming to Jesus moment and what he discovered as he began pulling on the threads of our current financial system.
Read the rest of this entry »