How to Stop Relying on Banks, Cut Taxes, and Control Your Wealth Like the Rich | Jayson Lowe
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What is the Infinite Banking Concept?
When you implement the infinite banking concept and you do it the way that my late mentor intended and you make it ridiculously simple and you don't sensationalize it, you become all four characters in the financial play. You're the depositor. You pay premium. You're the borrower. You're the one accessing policy loans. You're the banker because you control the repayment schedule. That's money on demand on your terms. You're the banker. You're the bank owner because when the insurance company produces a divisible surplus called positive net income, that divisible surplus must be distributed to the owners of the company. And in this case, we're dealing with a mutual life insurance company. There are no stockholders to participate in that.
So when you become all four characters in the financial play, what a peaceful, stress-free way of life it is financially. Yeah. And it's not Nelson. He never said, hey, I want you to be the bank. He didn't want anybody to become a bank in the conventional sense of the word. He wants you to control the banking function as it relates to your needs because someone must do that.
What is up, the Science of Flipping family? I am back with another incredible guest. For us real estate investors, what Jason Lowe has to say on this episode is going to be incredibly impactful because you need to control your money, you need to know how to borrow money, and you need to know how to invest your money. Best of all, you need to understand how to not pay taxes.
How can I control my money like the wealthy?
Jason Lowe, Ascendant Financial, is here with us. What is up, buddy?
How are you doing, Justin? It's great to be with you.
Hell yeah. Excited to have you. As a real estate investor for 18 years and making a ton of money and understanding taxes and understanding how to borrow money the right way and how to invest my money. I mean, this is such a poignant episode. I'm super excited about getting rocking and rolling with you. So speaking about what Ascendant Financial does as a whole, let's start there. What you do, what Ascendant does, what is the totality of what you guys do? And then I'm going to bring it granular into the trenches.
That's a great question. You know, we've been working with, uh, people across America, people across Canada since 2008. So we've been, you've been a real estate investor the past 18 years. Did I hear that right?
Yeah.
$5.
Can I get $5? Okay, there you go. You just got it. But through the infinite banking concept, that's what we've been specializing in all this time. And real estate investors love it because they get to control how they borrow capital, how they invest it. They get to repay loans on their terms, not someone else's. They get their money working for them instead of the banks. The banks and the government are the last two entities that real estate investors want their money working for.
There's no doubt. And one of the things just from my own understanding, and you're the expert, but like even just how the banks, when you do have your savings account and how they basically are arbitraging your money to go get a better return. And so like, you know, the banks aren't exactly ideal. And, you know, I don't ever live my life cash heavy, partly because I'm a real estate investor. I know how to flip money. But let's talk a little bit about the banking system, if you will, and your thoughts on it and maybe give some suggestions on how people should look at the banking system. Because I just know how to flip money too fast for me to keep a whole lot in the bank. But what is your thoughts given the financial, you know, in the banking system?
Well, I would say first and foremost, banks are not your friend. I mean, let's, let's be honest. Uh, they're, they're just not. And they create money where no money existed before. That would be like me pouring you a glass of whiskey, drinking it myself and charging you for it. It doesn't make great analogy. It doesn't make any sense.
Why should real estate investors avoid traditional banks?
And, but the fundamental truth is, is that your money must reside somewhere. And through the infinite banking concept, there's no better place to have it reside than in the form of dividend paying life insurance contracts, where you essentially become the banker as it relates to your needs. You get ready access money on demand.
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Chapters
8 chapters
1
What is the Infinite Banking Concept?
0:00–1:27
2
How can I control my money like the wealthy?
1:27–3:51
3
Why should real estate investors avoid traditional banks?
3:51–8:55
4
What are the benefits of using life insurance for investments?
8:55–11:25
5
How to borrow against your insurance policy?
11:25–13:52
6
What is the impact of compounding interest in investing?
13:52–18:57
7
How can I transform my financial strategy?
18:57–23:53
8
What are the key takeaways to achieve financial freedom?
23:53–37:58
Speakers
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