Fique off-line com o app Player FM !
Lessons - How To Be Your Own Bank | Chris Naugle - Co-Founder & CEO of The Money School
Manage episode 441159141 series 2934427
➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory
In this "Lessons" episode, Chris Naugle, Co-Founder & CEO of The Money School, joins us to discuss implementing a private banking system that allows you to earn on both savings and loans. Chris explains how specially designed whole life insurance policies can function as your own bank, enabling you to leverage your money and achieve financial freedom.
Private Banking System: Chris explains how a private banking system allows individuals to save and borrow money simultaneously. By changing where you save, you can earn on both your savings and loans, turning your money into a powerful tool that works for you multiple times.
Changing the Paradigm of Saving: Many people are conditioned to save in traditional banks or investment accounts, which often offer minimal returns. Chris emphasizes the importance of keeping your savings in specially designed whole life insurance policies, where your money continues to earn interest and dividends while being available for loans.
Wealth Building through Compounding: The key to building wealth lies in the compounding effect of your savings. As you pay off debts and grow your policy, the amount of interest you earn increases, allowing for greater financial freedom and investment opportunities over time.
➡️ Show Links
https://successstorypodcast.com
YouTube: https://youtu.be/nufTUI2pSEE
Spotify: https://open.spotify.com/episode/0CWd38KL9OeR4FDb9vOVBV?si=Ox0zfQzoQIuNJkjQchSNAQ
➡️ Watch the Podcast On Youtube
https://www.youtube.com/c/scottdclary
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
720 episódios
Manage episode 441159141 series 2934427
➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory
In this "Lessons" episode, Chris Naugle, Co-Founder & CEO of The Money School, joins us to discuss implementing a private banking system that allows you to earn on both savings and loans. Chris explains how specially designed whole life insurance policies can function as your own bank, enabling you to leverage your money and achieve financial freedom.
Private Banking System: Chris explains how a private banking system allows individuals to save and borrow money simultaneously. By changing where you save, you can earn on both your savings and loans, turning your money into a powerful tool that works for you multiple times.
Changing the Paradigm of Saving: Many people are conditioned to save in traditional banks or investment accounts, which often offer minimal returns. Chris emphasizes the importance of keeping your savings in specially designed whole life insurance policies, where your money continues to earn interest and dividends while being available for loans.
Wealth Building through Compounding: The key to building wealth lies in the compounding effect of your savings. As you pay off debts and grow your policy, the amount of interest you earn increases, allowing for greater financial freedom and investment opportunities over time.
➡️ Show Links
https://successstorypodcast.com
YouTube: https://youtu.be/nufTUI2pSEE
Spotify: https://open.spotify.com/episode/0CWd38KL9OeR4FDb9vOVBV?si=Ox0zfQzoQIuNJkjQchSNAQ
➡️ Watch the Podcast On Youtube
https://www.youtube.com/c/scottdclary
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
720 episódios
Toate episoadele
×Bem vindo ao Player FM!
O Player FM procura na web por podcasts de alta qualidade para você curtir agora mesmo. É o melhor app de podcast e funciona no Android, iPhone e web. Inscreva-se para sincronizar as assinaturas entre os dispositivos.