Real Estate Money School
How to Become Your Own Bank & Have More Control of Your Money w/Jonah Dew
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:42:29
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Synopsis
There’s a financial system that unlocks wealth-building, debt-freedom and our financial goals, but we don’t hear much about it. It’s possible to implement this system and get these results without additional effort, taking on any more risk or giving up any control. How does the Infinite Banking System work, and why does it get so little attention? In this episode, co-founder of The Cash Compound and money mapping specialist, Jonah Dew shares the basics of becoming your own bank, and how the system is changing lives. Three Things We Learned How banks make profits without earning moneyWhen we deposit money into the bank, the banks use it to make profit by loaning out our money. Every single loan is an asset to the bank, and they make money through charging interest on the loans they provide. This is a system we can implement in our own lives, and our guest today shares the simple steps we can take to do it. There are parties that are motivated to keep the truth about banking a secret There’s a reas