Wealth Without Bay Street

9. How to Create Profit First | WWBS Podcast

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.

 

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8. Shifting Your Banking Paradigm (Part 2) | WWBS Podcast

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.

 

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7. Shifting Your Banking Paradigm (Part 1) | WWBS Podcast

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.

 

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6. The Essence of IBC | WWBS Podcast

Your abilities to build wealth and to become your own banker require a significant investment of time, energy and attention. And understanding how to personally control the banking process will be the most important thing for you to understand.

Like anyone who is aspiring towards excellence, knowing what needs to be unlearned is just as important as what new skills you must develop. Having the right coaches and mentors that know the game you’re playing intimately in your corner to help you stay on course will be critical.

In today’s episode, we dig in on some of the more frequently asked questions we get from people about the process of Infinite Banking.

Got any more questions? Be sure to post them in the comments!

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5. Change Your Mindset - Amazon Reseller Jonathan Proulx

Do you want to create abundance in your life? Do You want more freedom to do what you want? Then you need to change your mindset.

It’s all about how you think. 

You need to be willing to exchange your most valuable asset (time) for knowledge and then you need to take action. The knowledge will allow you to ask the right questions. With those answers come now the steps you need to take that will move you forward. 

You must understand that there are absolutely NO shortcuts. Knowledge only reveals the understanding of the steps needed. There will still be massive amounts of work involved to take the action and you must be consistent along the way. 

A lot of little steps. This is the secret weapon that will amplify profitability and leapfrog you forward. It will become the ripple effect that creates more opportunities for the good stuff to show up.

On this episode, we have Jonathan Proulx, one of Canada’s top Amazon resellers sharing his journey of moving from oil and gas and towards creating wealth from a computer that began the process of giving him and his team what we all really want more of, and that is the time to focus and pursue what’s important to us. 

 

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4. Control Your Access to Capital | WWBS Podcast

In this episode, Jayson and Richard share the mic with Jason Rink, a texas-based commercial banker who followed his entrepreneurial dream 10 years ago and now runs Simplifilm, a video production agency who has had the pleasure of working with many award-winning actors, senators and presidential candidates and who produced the documentary This is Nelson Nash.

We dig into his journey leading up to his aha moment that forever changed the trajectory of his life and his business using the Infinite Banking Concept.

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3. Creating Community that Builds Wealth | WWBS Podcast

In today’s episode, we talk to Russ Morgan and Joey Mure of The Wealth Without Wall Street Podcast and their journey of discovering the Infinite Banking Concept and putting it into practice. 

This is a rich episode if you're ready to catch what's being said.

As they became more successful themselves, they found they had less time to help the people they really wanted to help. They used their own podcast as a way to help them connect the information their clients were looking for to grow and expand their own successes. 

What started as a simple podcast, turned into a valuable resource and community for everyone involved. They began to see that when you brought the right alignment of minds, who were looking for the right opportunities together, opportunities would be created to take advantage of. And because they had the cash flow to take advantage of them, they did so.

This was the game-changer for them.

 

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2. Think Long Term with David Stearns | Nelson Nash Institute

There is a roadmap to put your capital back in your control. 

In this episode David Stearns, President of Infinite Banking Concepts LLC, Founding director of The Nelson Nash Institute and R. Nelson Nash’s son in law joins us. We discuss the last 20 years working closely with Nelson Nash and what life has been like since Nelson’s passing in March 2019. 

David shares tales of the growing pains of his family policy system including his first policy and how with Nelson’s help the family system has already crossed 4 generations. Learn some of the reasons and strategies behind how they have added policies over time. An organic process that stretches and grows with your own growth and capacity that works with the needs of your family.

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1. The Lost Episode | WWBS Podcast

Episode 1 of The Wealth Without Bay Street Podcast.

Where conversations about money are actually fun! We understand that the reality for most when it comes to talking dollars can be very stressful and bring up a lot of negative emotions. We’ve been there. 

We are taking the steps to lighten up the narrative and get more people comfortable talking about money. How? It’s all about shifting the mindset people have about money and how we’re approaching the problem. Here’s the truth: If what you’re doing up to this point is not creating the fulfillment you seek in your family and your business, the only way to change it is to first change the way you think. 

We get it, because we’re looking for it too. And that is more certainty and more stability in our lives. And we’re saying you don’t have to hand control of your money over to someone else in order to grow your wealth.  

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