Please take a moment to see if this resonates with you. For 20+ years, I put mine and my client's money into mutual funds. The risk and uncertainty were a constant stress. In 2002, then again in 2008, markets lost about half their value. Were you or someone you know stressed out and frustrated? I was! More than a decade ago, I committed to find a more certain, predictable, and safe way to build wealth before another drop happened again. I found it in the risk management part of my business. ...
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This week, we’re pulling back the curtain on how banks generate staggering returns—often in the range of three or four-digit percentages—all while minimizing risk. Scott breaks down the concept of money velocity and why banks focus on moving money rather than relying solely on compound interest. Plus, learn how you can leverage the same strategies …
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Risks of Retirement and How to Avoid Them: Part 1
13:27
13:27
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This week, Scott and Cameron dive into the risks people face during retirement. They explore seven key risks, including market volatility, rising interest rates, taxation, healthcare concerns, inflation, changes to government programs, and ultimately, mortality. Scott breaks down how each of these risks can impact your retirement income, particular…
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Rethink your Thinking: Becoming your own Banker
13:30
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Hosts Scott and Cameron Gannon dive into the critical importance of shifting your mindset when it comes to financial strategies. They challenge the conventional "follow the herd" mentality and explore the concept of "Becoming Your Own Banker," inspired by Nelson Nash's groundbreaking book. Discover how to break free from traditional financial think…
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Scott and Cameron discuss the importance of establishing a strong financial foundation. Discover why foundational savings are crucial for your financial well-being and learn about how life insurance can play an important role in these savings. Scott shares how saving this way allows you to utilize it to not only be prepared during emergencies, but …
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6 Reasons to Incorporate Before You're Ready
20:28
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This week, Scott and Cameron discuss the often-overlooked advantages of incorporating your business sooner rather than later. Drawing from personal experience and expert advice, Scott presents six compelling reasons why early incorporation can be a game-changer for business owners. Learn more about all six: Controlling Your Income Choosing Whether …
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Scott's First Investment Using Infinite Banking
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11:21
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In this episode, Scott talks about his first investment using the Infinite Banking Concept. Back in 2018, he utilized his specially designed, high cash-value, dividend-paying whole life insurance policy to finance a real estate flip. Scott and Cameron also discuss the additional benefits of using Infinite Banking, such as tax-free growth, no paybac…
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In this week's episode, Scott explores "the problem" with traditional finance in North America, a concept introduced by R. Nelson Nash, the founder of the Infinite Banking Concept and author of "Becoming Your Own Banker:" you finance everything you buy, whether by using your own money and losing potential interest, or by paying interest when borrow…
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Why Control is More Valuable than Rate of Return
16:46
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Scott and Cameron talk through the importance of control and rate of return in your financial life. They emphasize the significance of retaining control over your money as often as possible. Ensuring your capital is ready to be used whenever an opportunity or emergency arises takes precedence over chasing a slightly higher number. Magnify Wealth al…
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Scott and his co-host Cameron, both authorized infinite banking practitioners, help you understand what the Infinite Banking Concept (IBC) actually is. Using the concepts taught in "Becoming Your Own Banker" by R. Nelson Nash, they discuss the basics of IBC. The key, infinite banking is a process, not a product or an investment. Scott also highligh…
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In our first episode, Scott, Head Coach and Founder of Magnify Wealth, shares insights from nearly 30 years in the financial industry. He discusses his journey and the evolution of his business approach. Initially, Scott followed traditional asset management strategies, benefiting from the booming markets of the late '90s. However, market downturns…
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