How to deal with debts and become your own banker: lessons from Wealth on Main Street
28 september 2024 в 01:37
In today’s fast-paced financial world, many individuals and families find themselves trapped in a cycle of debt, limited by traditional banking practices and conventional financial advice. Jason Low and Richard Canfield, co-founders of Wealth on Main Street, an educational company providing content for residents of North America, and co-hosts of the popular Wealth on Main Street podcast, are determined to change this situation.
Through their brand «Wealth on Main Street», - supported by Ascendant Financial, they bring the transformative concept of infinite banking to the forefront in personal finance. This approach challenges the established order, offering an education-oriented methodology that has received thousands of five-star reviews from satisfied clients across North America.
Jason Low’s journey into the world of infinite banking began in 2008 when he saw a fundamental flaw in how people manage their finances. As a licensed insurance agent, he experienced firsthand the limitations of traditional financial planning and missed opportunities when people relinquish control of their money to external organizations. This realization inspired him to educate others on the concept of infinite banking — a process that gives people the ability to control how they finance everything they need in life, such as investment opportunities, business equipment, homes, education, major appliances, cars, etc., ensuring that their money works smarter and harder for them.
«What sets us apart is that we truly help people by helping them», - explains Jason. «From the beginning, we have behaved educationally, not productively. We ensure that our clients understand how to take control of their finances, not just sell them something and walk away».
This commitment to education is evident in every aspect of Jason and Richard’s approach. Their team at Ascendant Financial provides comprehensive training and support, ensuring that clients fully understand the principles of infinite banking and how to apply them to their unique situations. Unlike many in the financial industry who focus on transactions and sales, the entire team is dedicated to developing a deep understanding of what their clients truly value and then delivering on that.
At the core of the concept of infinite banking is the idea of recapturing the interest that individuals pay to banks and financial companies for all the major purchases they need in life. It is based on the fundamental truth that someone needs to perform the banking function for your needs. Most people unknowingly relinquish this responsibility, allowing traditional banks to profit from their cash flows, while losing control of their financial destiny. The concept of infinite banking flips this model on its head, providing people with the tools to become their own bankers and keep their money where it belongs, in their own system.
The fundamental truths of this concept are simple yet profound: your money should be somewhere, so why not keep it in a place where you have full control, tax advantages, and guaranteed daily growth that cannot be reversed? By placing money in specially designed dividend-paying insurance policies, people can contribute almost unlimited amounts, have ready access to capital on demand, on their terms, and not pay tax on daily growth or on the death benefit, which is paid tax-free to their beneficiaries when it is most needed.
«The interest you pay to the insurance company would have been paid to someone anyway, it’s much better if it goes to a company that you collectively own and share all the profits», - says Richard. «Imagine if all your acquaintances did this… you would have a closed capital system where we all profit from each other’s cumulative interest payments».
«Who doesn’t want a peaceful, stress-free way of living financially?» asks Jason. "
Through their brand «Wealth on Main Street», - supported by Ascendant Financial, they bring the transformative concept of infinite banking to the forefront in personal finance. This approach challenges the established order, offering an education-oriented methodology that has received thousands of five-star reviews from satisfied clients across North America.
Jason Low’s journey into the world of infinite banking began in 2008 when he saw a fundamental flaw in how people manage their finances. As a licensed insurance agent, he experienced firsthand the limitations of traditional financial planning and missed opportunities when people relinquish control of their money to external organizations. This realization inspired him to educate others on the concept of infinite banking — a process that gives people the ability to control how they finance everything they need in life, such as investment opportunities, business equipment, homes, education, major appliances, cars, etc., ensuring that their money works smarter and harder for them.
«What sets us apart is that we truly help people by helping them», - explains Jason. «From the beginning, we have behaved educationally, not productively. We ensure that our clients understand how to take control of their finances, not just sell them something and walk away».
This commitment to education is evident in every aspect of Jason and Richard’s approach. Their team at Ascendant Financial provides comprehensive training and support, ensuring that clients fully understand the principles of infinite banking and how to apply them to their unique situations. Unlike many in the financial industry who focus on transactions and sales, the entire team is dedicated to developing a deep understanding of what their clients truly value and then delivering on that.
At the core of the concept of infinite banking is the idea of recapturing the interest that individuals pay to banks and financial companies for all the major purchases they need in life. It is based on the fundamental truth that someone needs to perform the banking function for your needs. Most people unknowingly relinquish this responsibility, allowing traditional banks to profit from their cash flows, while losing control of their financial destiny. The concept of infinite banking flips this model on its head, providing people with the tools to become their own bankers and keep their money where it belongs, in their own system.
The fundamental truths of this concept are simple yet profound: your money should be somewhere, so why not keep it in a place where you have full control, tax advantages, and guaranteed daily growth that cannot be reversed? By placing money in specially designed dividend-paying insurance policies, people can contribute almost unlimited amounts, have ready access to capital on demand, on their terms, and not pay tax on daily growth or on the death benefit, which is paid tax-free to their beneficiaries when it is most needed.
«The interest you pay to the insurance company would have been paid to someone anyway, it’s much better if it goes to a company that you collectively own and share all the profits», - says Richard. «Imagine if all your acquaintances did this… you would have a closed capital system where we all profit from each other’s cumulative interest payments».
«Who doesn’t want a peaceful, stress-free way of living financially?» asks Jason. "
© Artemenko Olga
