The Business Credit and Financing Show
Podcast by Ty Crandall
Episode 630:
Nick Kosko: How to Become Your Own Banker
Ty Crandall Interviews Industry Leaders
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Nick Kosko: How to Become Your Own Banker
Nick Kosko, is a former pilot who knew there had to be a better way to become financially free and provide for his family. After interviewing several traditional financial advisors and rejecting that path, Nick came across Infinite Banking and changed his life for the better. By understanding how banks work and how he could be his own banker, Nick was able to get his passive income to exceed his ideal standard of living. Now, as a Wealth Strategist at CreateTailwind, Nick educates, motivates, and inspires people to take back control of their money.
During the show we discuss:
- What does it mean to become your own banker
- Hope is not a strategy, becoming your own banker is
- How infinite banking works
- Some myths behind being your own banker
- The benefits of becoming your own banker
- Advantages of becoming your own banker
- How to become tax invisible
- The challenges in becoming your own banker
- Who will perform the bank functions
- How to become your own banker
- The potential sources of capital
- How to create your own banking system
- How to design an insurance plan that solves the banking function
- How to create and focus on eternal cash flow rather than retirement
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