Be the Bank!
How the Wealthy Control and Compound Their Money and How You Can Too!
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Narrated by:
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Dave Margolotti
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By:
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Darren Mitchell
About this listen
Are you ready to understand the difference between the middle-class and the wealthy?
For years, many of us have been brainwashed into thinking that investing in RRSPs and mutual funds is the only way to save money. Year over year, we pay our bills and funnel money into the stock market, hoping that one year, we will see the return of a lifetime, which we think will make us rich.
While that’s happening, the wealthy are ignoring those rules and instead putting their money to work for them - they are their own bank. They are controlling, growing, and protecting their money, and then multiplying their wealth and their family’s wealth, year over year.
If you are in the first group of people mentioned and want to learn the secrets of the wealthy, this is the book for you. With the strategies explained in this book, you can become your own bank and achieve financial freedom.
©2020 Darren Mitchell (P)2020 Darren MitchellListeners also enjoyed...
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The Little Book of Big Profits from Small Stocks + Website
- Why You'll Never Buy a Stock Over $10 Again (Little Books. Big Profits)
- By: Hilary Kramer
- Narrated by: Walter Dixon
- Length: 3 hrs and 14 mins
- Unabridged
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The key to building wealth the low-priced stock wayLow-priced gems, or what author Hilary Kramer calls "breakout stocks" come in all kinds of shapes and sizes but they all have three things in common: (1) they are mostly under $10; (2) they are undervalued; and (3) they have specific catalysts in the near future that put them on the threshold of breaking out to much higher prices. In The Little Book of Big Profits from Small Stocks, small stock expert Hilary Kramer looks for stocks with fifty to two hundred percent upside potential!
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Insightful, specific and resourceful!!!
- By Nico on 05-23-12
By: Hilary Kramer
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Lifecycle Investing
- A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio
- By: Ian Ayres, Barry Nalebuff
- Narrated by: Gerry Gartenberg
- Length: 6 hrs and 37 mins
- Unabridged
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In finance, as in life, there's no such thing as a free lunch - unless you're well diversified. The push toward diversification inspires many investors to buy index funds, which is a smart move. But most people have missed the chance to diversify over their investing lifecycle.
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Pay Attention to Ideas, not Details
- By David on 08-23-10
By: Ian Ayres, and others
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The Smartest Money Book You'll Ever Read
- Everything You Need to Know About Growing, Spending, and Enjoying Your Money
- By: Daniel R. Solin
- Narrated by: Joe Barrett
- Length: 5 hrs and 22 mins
- Unabridged
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Tens of thousands of readers trust Dan Solin's advice when it comes to investing, managing their 401(k)s, and planning for retirement. Now Solin offers the smartest guide to money management and financial planning yet. From managing your debt, boosting your savings, and owning (or renting) a home to buying insurance, maximizing investment returns, and retiring when you want to, The Smartest Money Book You'll Ever Read is your road map to financial freedom - and to enjoying yourself along the way.
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mint.com promo
- By Amazon Customer on 04-13-21
By: Daniel R. Solin
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very low content to duration ratio
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Live Your Life Insurance
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Live Your Life Insurance shows you exactly how you can take advantage of one of the most common, but misunderstood, financial tools. In it, you'll discover exactly how you can use your life insurance to benefit you while you are alive - and help you build financial security. In addition, it will reveal ways to make the best of your policy no matter what age you are. Most people don't realize what a powerful tool they have in their life insurance policies - this book will be your guide
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Money. Wealth. Life Insurance.
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America's elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids, and a financial bunker for tough times. To be clear, this audiobook is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street. It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth.
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what the heck was this?
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Mapping Out the Millionaire Mystery
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If you’re like most Americans, you’ve spent your entire adult life paying the banks, your creditors, and your expenses. At the same time, you’ve watched your retirement funds and legacy drastically fluctuate or evaporate in the markets. In Mapping Out the Millionaire Mystery, Money Multiplier’s founder Brent Kesler and America’s number-one money mentor Chris Naugle expand upon the 200-year-old strategy used by the wealthy to eliminate debt, grow their wealth, minimize taxation, and leave a legacy.
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Some info but mostly fluff
- By Rohit Punyani on 12-18-22
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I.U.L. ASAP!
- How to Win the Financial Game of Life, Invest Like the Wealthy, and Generate Tax-Free Income with One 3-Letter Word
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Discover the secret to financial security that empowers you to invest, grow, and protect your money like the wealthy with the simplicity of one three-letter word! In her book, I.U.L. ASAP!, retirement expert Shirley Luu educates her listeners on what she believes to be the single most powerful financial security vehicle available for Americans today—the IUL. In this book, you will learn how to position your money so that it can grow, be saved for practically anything (including your kids' college education), protect your family, and leave a legacy.
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awesome!
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Infinite Banking for Real Estate Investors
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Great Book
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very low content to duration ratio
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Live Your Life Insurance
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Live Your Life Insurance shows you exactly how you can take advantage of one of the most common, but misunderstood, financial tools. In it, you'll discover exactly how you can use your life insurance to benefit you while you are alive - and help you build financial security. In addition, it will reveal ways to make the best of your policy no matter what age you are. Most people don't realize what a powerful tool they have in their life insurance policies - this book will be your guide
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Good for the up and coming
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America's elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids, and a financial bunker for tough times. To be clear, this audiobook is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street. It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth.
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what the heck was this?
- By Gladys Torres on 10-20-16
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American retirees face a looming crisis. We are living longer than ever before, and most experts predict a dramatic rise in tax rates within the next 10 years. The hard truth is that no matter how much you save, you are likely to outlive your money or watch it be taxed into oblivion. But when traditional retirement distribution strategies won't provide sufficient income in the face of higher taxes, what can you do?
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Many investors wish they could get in on just one millionaire insider secret and make their fortune. Lucien Stevenson reveals one such well-kept secret in this book. Even though this “secret” has been around for nearly two centuries, less than one percent of American investors are aware of it or use it to build their wealth and manage their money.
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Excellent commentary and content
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What Would the Rockefellers Do?
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What Would the Rockefellers Do? reveals the secrets of the ultra-wealthy that can change your family’s financial destiny. It details the financial system used by the wealthy, including the Rockefeller family, the Kennedy family, Walt Disney, and many others to create legacy wealth that lasts for generations. It also exposes the mistakes made by wealthy families who eventually lost the money, so you can avoid those mistakes.
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Scam
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Perpetual Wealth: How to Use "Family Financing" to Build Prosperity and Leave a Legacy for Generations
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How to build - and keep - generational wealth! How can a family build "safe and sure" wealth...that lasts for generations? That's the question answered by Perpetual Wealth. You'll discover how families can create wealth together to serve the good of all. The authors call it "family financing", and it's about much more than money! Among the many fascinating and insightful points, you'll learn: Why "typical" financial advice sabotages long-term wealth, the "four cornerstones of generational wealth" that ensure an inheritance will be wisely used, not wasted, and more.
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The poor writing and story line of the family
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Mastering the Rockefeller Habits
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What are the underlying handful of fundamentals that haven't changed for over a hundred years? From Harnish's famous "One-Page Strategic Plan" to his concise outline of eight practical actions you can take to strengthen your culture, this book is a compilation of best practices adapted from some of the best-run firms on the planet. Included is an instructive chapter co-authored by Rich Russakoff, revealing winning tactics to get banks to finance your business.
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The single best book I have read on business
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Life Insurance Wealth Code
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Ever wondered how you could build wealth, ensure financial security, and yet keep it all tax-free? Are you struggling to navigate the complex world of financial planning and investment strategies? It's time to transform the way you see life insurance. With this handy guide, you will uncover the often-overlooked potential of life insurance as a tool for building wealth, completely tax-free.
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Awesome Financial Guide
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Busting the Life Insurance Lies
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Is life insurance a bad investment? Don’t I lose all my cash value when I die? Shouldn’t I just make a bundle and invest it instead? What about my spouse or my kids—do they need life insurance? Can I borrow money from (or is it against?) a life insurance policy? My insurance advisor told me one thing about insurance, but my financial planner gave me different advice, and an expert on TV said something else entirely. What do I do now? Help!
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Informative and filled with golden nuggets
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The Secret Billionaire Investment Strategy
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Discover the secret investment strategy of the ultra-rich that has been hidden from the public for decades! In The Secret Billionaire Investment Strategy, you'll learn the hidden way the wealthiest individuals in the world create above-market returns and maintain their wealth for generations.
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The Power of Zero, Revised and Updated
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- By: David McKnight, Ed Slott - foreword
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There's a massive freight train bearing down on the average American investor, and it's coming in the form of higher taxes. David McKnight provides a concise, step-by-step roadmap on how to get to the zero percent tax bracket by the time you retire, effectively eliminating tax rate risk from your retirement picture. In this expanded edition, McKnight has updated the book with a new chapter on the "2017 Tax Cuts and Jobs Act", telling listeners how to navigate the new tax law in its first year of being in effect, and how they can extend the life of their retirement savings by taking advantage of it now.
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Not a retirement finance book. salespitch for LIRP
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By: David McKnight, and others
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Family Banking with Purpose
- A Story About Financial Freedom Through Infinite Banking
- By: Chris Bay
- Narrated by: Josh Porter
- Length: 1 hr and 20 mins
- Unabridged
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In Family Banking with Purpose: A Story About Financial Freedom Through Infinite Banking, Rick is in the same situation. He’s fighting the headwind of a financial system that’s not designed to help him be successful. Though he and his wife do the best they can with their money based on what they know, they are falling short of their goals - until Rick’s grandfather shows him a way to rapidly eliminate debt, create cash-flow freedom, and build a family legacy.
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You Are Not Alone
- By Betty Yarbrough on 10-05-23
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Infinity Investing
- How the Rich Get Richer and How You Can Do the Same
- By: Toby Mathis
- Narrated by: Kyle Cunningham
- Length: 6 hrs and 21 mins
- Unabridged
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This book is not offering a get-rich-quick plan. It takes time to implement long-lasting strategies that lead to financial independence. Toby Mathis has created a road map for you to follow to create wealth over time. He shares his get-rich-slow approach based on the investing and money management practices that have helped hundreds of participants in Anderson Advisors’ popular Infinity Investing program reach financial freedom.
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He gives you the recipe!
- By Ross on 07-25-21
By: Toby Mathis
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The 38 Letters from J.D. Rockefeller to His Son
- Perspectives, Ideology, and Wisdom
- By: J. D. Rockefeller
- Narrated by: Rick Font
- Length: 5 hrs and 28 mins
- Unabridged
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The 38 letters written by Rockefeller to his son imparting his perspectives, ideology, and wisdom to his son.
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An Amazing book to get rich!
- By Amazon Customer on 09-23-23
What listeners say about Be the Bank!
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Paulo Sergio Pérez Mendoza
- 08-11-22
Buen libro para planear un retiro feliz
Me gustó qué es un libro que da una idea bastante clara de cómo invertir tu dinero para un mejor retiro, además de tener conceptos e ideas fáciles de seguir
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- Toussaint Louverture
- 07-04-23
Super Game!!!
Ty kindly for sharing your ideals and knowledge!!
This will help me and my family create G Wealth!!
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- Jim
- 09-08-23
love the details. recommending to others
listened to the last drop! Helped rephrase and solidify my current direction. it's hard to know what the wealthy do.
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- Trekkminster
- 08-28-24
Decent book
The book talks about the principles of being your own bank by using a whole life insurance policy. Most of the terms used in this book. We’re not geared towards US personnel, but for individuals in Canada.
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- Seth Larson
- 04-11-24
Trojan horse for selling insurance
Tons of fluff in the intro, then he finally got to the point about universal life insurance as an investment strategy
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- Carrie
- 04-17-24
Insurance Pitch
This book feels like an insurance pitch. There is truth to what he's saying, but it is not a balance approach to the subject.
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