Infinite Banking For Generational Wealth With Cameron Christiansen And Anthony Faso

Embark on a deep dive into infinite banking with co-founders Cameron Christiansen and Anthony Faso from Infinite Wealth Consultants as they join Derek Dombeck for an enlightening conversation. Uncover the intricacies of leveraging specially designed high cash value life insurance policies as a dynamic alternative to traditional banking. Delve into the strategic aspects of depositing, investing, and utilizing the death benefit for maximum impact. Recognize the value of agents certified by the Nelson Nash Institute and explore how infinite banking offers multifaceted benefits in diverse business scenarios. Beyond critiquing mainstream plans like 401(k)s and IRAs, Cameron and Anthony share their personal insights on personal finances, financial education for children, leveraging real estate investments, and the potential downsides to infinite banking. Tune in now and embark on a journey to transform your financial strategies.

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Infinite Banking For Generational Wealth With Cameron Christiansen And Anthony Faso

In this episode, I’ve got some awesome guests, Anthony and Cameron. We’re going to discuss how they live their vision and love their life. Anthony and Cameron, most people who read this know I don’t do long introductions because I won’t do it justice. If you guys wouldn’t mind, why don’t the better-looking of the two of you start and go?

That’s Cameron.

Anthony And Cameron’s Start With Infinite Banking

That would be me. Derek, thanks for having us. I’m Cameron Christiansen and I’m the Cofounder here at Infinite Wealth Consultants. A brief background is I grew up in Idaho and there wasn’t a lot of wealth that I saw growing up. I moved to Las Vegas. I started a small business and it was in that where I started getting passionate about where I could put my money. I didn’t have an HR group. I didn’t have a team or anybody to turn to. I was self-employed with a small business and I started looking for opportunities.

To be honest, Derek, I kept looking and I got overwhelmed with all the information that was out there, which is what I think a lot of people do. It wasn’t until I came across Nelson Nash’s book Becoming Your Own Banker, that lit my fire and caught my interest as far as being a small business owner and some of the strategies that are taught there. I started implementing those on day one for me personally and that’s what got me into this industry.

When someone learns about infinite banking, I almost share it out of obligation more so than anything else since I’ve been in this industry for about fifteen years now. Anthony and I have worked together for just about all those and we’ve been partnered here at Infinite Wealth Consultants for the last few years. It’s been a good time.

My name’s Anthony Faso. I’m a self-proclaimed recovering CPA, born and raised in Las Vegas. I was raised by a single mother. I never had much money, but I always wanted more. I always had a passion for learning about personal finance but then in high school, I went to the Army and after the Army, I got a degree in accounting. I got a job at PricewaterhouseCoopers. I was a CFO for a chain of barbecue restaurants.

I then opened up my own CPA firm and thought I’d hit it because I had my own business but then I was just working more than I’d ever imagined. I was about to team up with my traditional financial planner to help people with their financial planning but then 2008 happened. I saw people that did everything right everything they were supposed to do. They stayed out of debt. They paid down their house. They maxed out their 401(k), but now their 401(k) is now a 201(k) to no fault of their own.

That’s when I realized something was wrong. I realized that as much as I like to give people advice and help them meet their financial goals, I couldn’t in good conscious trust the stock market. That’s when I went out on a journey to find something, to be honest, mainly for me and my family. That’s when I re-read Rich Dad Poor Dad. Most people have read it, but they never put it into action. This time I told myself I was going to put it into action.

As Cameron had mentioned the book Becoming Your Own Banker by R. Nelson Nash helped me figure out some of the financial issues that I wanted where I could be in more control. Where I could focus more on passive income than on building my net worth and my 401(k) and then just hope it’s going to be there by the time I get old. I started doing these principles myself, but then my tax clients were like, “Anthony, I don’t trust Wall Street. What are some things that I can do?” “This is what I’m doing.”

I shared with them the infinite banking concept and some of the principles of Robert Kiyosaki. Eventually, I got licensed and started doing that as a business but then I had my CPA firm, I had to teach infinite banking, and then somewhere way over here I had my family. I was spread too thin so I had to make a decision. It was the easy one. I sold my CPA firm and have been doing infinite banking full-time ever since. I’ve been teaching infinite banking, and mentoring clients, and Cameron for the last few years.

What Is Infinite Banking

There’s so much stuff to unpack there because one of the things that we’re passionate about with the generations of wealth, and you made a comment that hit me hard was your family started to get left behind but you realized it and it was an easy decision on what to cut out. Also, there are so many times that people build these big businesses and they lose their families because they don’t make that determination and the right decision at the time. I love that but to start at the basics, what is infinite banking there’s a lot of YouTube university-type stuff out there, which is fake news. I know a fair amount about it, but I’m sure my readers would love it if you give us the description, and then let’s dive into it.

We try to simplify it. I do it as well. We have the art of making it more complicated than it is. If we look at what most investors are doing, they are saving up money to buy an asset. What they’re typically going to do is they’re going to look somewhere where it’s safe and liquid. They build the money up and then once they find the asset, they withdraw it and buy the asset.

That asset produces money so that has to go somewhere. They put it back in the bank and then maybe then they’re building up again to buy another asset. They withdraw the asset to buy asset two. Asset two creates cashflow or profits. It has to go somewhere. They put that back into the bank and maybe they take some money off for lifestyle or for the monthly expenses.

All we’re saying with infinite banking is that there’s a better place to store your cash. Banks are safe and liquid or we can have a whole show on the safety of banks but what we found and we can prove it mathematically, is that instead of storing the money in a bank account that’s safe and liquid, there are specially designed high cash value life insurance policies that are even safer and as liquid as a bank but also, they’re going to earn at a higher rate of return. That return is tax-free.

Also, depending on what state you live in, your cash value is protected. In many states, your cash value is protected from lawsuits. Probably the main advantage here is that when we use a bank when we withdraw the money, we break the compound interest curve. Derek, at what point do you want your money to stop compounding?

For me? Never.

Good answer. The problem is the system most people are using, we’re breaking it every time. Every time we go to buy the asset, we withdraw the money and buy the asset. With infinite banking and storing that same amount of money instead of at a bank inside one of these specially designed policies, instead of withdrawing it, we can borrow against it or leverage against it.

What that means is we never break the compound interest curve. We leverage against it by the asset of choice. A lot of our clients like real estate, but whether it’s the business or stocks, whatever your asset is, what we can do is leverage against a policy, we will never break the compound interest curve. We try to wrap this up here, but what I would say is it’s like using a rewards credit card. Derek, do you use a rewards credit card to buy some of your stuff?

I absolutely do, yes.

Why did you use a rewards credit card? Why don’t you just use cash?

It’s because of the bonus rewards of using the money. As long as I take my cash and pay that credit card off days later, it doesn’t cost me anything to use the credit card.

What I’m hearing is, “I’m going to buy this thing anyway. By adding one extra step, my rewards credit card, I get some bonuses or some miles of cash back.” Derek, if you can understand that, you can understand infinite banking. The way we view is that our policies are like our rewards credit card for our investments. Instead of using a credit card, I use a policy. Instead of getting miles, we’re getting more money in the way of uninterrupted compound interest. That’s it at a high level and we can go as deep as you’d like there.

As I said, I’m familiar with it. I use it. It was interesting for me. It took a while for my wife to wrap her head around the fact that we weren’t borrowing the same money we just overfunded our account with. I explained this to her several times over and over again, but until it became routine, it was a little challenging for her.

Derek, I’m curious. Is your wife’s name Cameron?

She identifies as a Cameron sometimes but it’s usually Tracy.

She’s probably good -looking just like Cameron.

She is good-looking. I married up and she lost the bet, but that’s okay. Everybody that’s reading may not understand what I just said about borrowing the money that you just put in. Why don’t you talk about that a little bit and if you can hit on MEC limits a little bit as well?

I’m happy to. I’ll jump in there since we’re probably sick of listening to Anthony talk at this point. As far as what you’re referring to, that’s probably one of the biggest stumbling blocks that people will trip up on when they first hear about infinite banking is that, “I put money in and I’m borrowing my own money out.” That’s not the reality. What people need to understand that will help them get clarity on infinite banking is that when you make a deposit to the insurance company, you’re building cash value in your policy.

When you turn around and you request a loan, you’re requesting a loan against your cash value so your cash value does not leave your policy. It’s sitting there and it’s being collateralized. The money that ends up in your guys’ checking account is coming from the general fund of the insurance company. There are two separate accounts there. What we’ll do is we’ll visually walk people through that process and usually a 10 to 15-minute conversation around that will clear that up for them but that is one of the critical pieces.

It’s also one of the things that’s working in our favor because as Anthony mentioned before, is that ability to leverage. We want to leave that cash, a cash value inside of our policy so that it doesn’t stop burning forests. It continues to earn, grow, and compound year over year. The second part of your question was in regard to MEC limits. MEC is a fancy acronym. It means Modified Endowment Contract.

In layman’s terms what that is, Derek is the insurance company that has been given these guidelines by the IRS, and the IRS in the early ’80s came in and said, “I see what you guys are doing to these insurance policies. You’re not using them as insurance, you are using it more like an investment product.” What they did is they put a cap on the amount of cash that somebody can put into one singular policy in any given year. That is your MEC limit. That MEC limit is interpreted by insurance companies. Some are a little bit more stringent or a little bit more strict when they interpret that. Some are a little more looser.

MEC limits will vary between insurance companies, but typically, what you’ll see is it’s maybe three times the base premium. It’s typically a general rule of thumb when you’re trying to calculate how many POAs you can put in there. For those who are listening, the base premium is the insurance portion that will create cash value over time and then the POA is, are what goes into a policy to create immediate cash value for somebody.

The interesting thing that you just said is it’s a MEC limit per policy, but there is no limit on how many policies you can have.

Correct. I’ve got one more policy than Anthony. I got eighteen. As your income grows, as you direct more and more money back into savings, and as passive income increases, you need a place to put it. That’s when you start to add on additional policies.

Insurance Agents

Most people now go and call their normal insurance guy or gal and say, “I want one of these policies that I can overfund and use for infinite banking.” How many ordinary insurance agents are in the country that know what they’re talking about?

I’d say insurance agents are in the thousands or maybe tens of thousands. The people who know this are probably in the hundreds. There’s a couple pieces to it. For one, as Cameron alluded to, the design is different. This is not your typical whole-life policy. It’s designed very differently. It’s designed for high cash value and low death benefit. You need an agent who understands how to design it, but also, more importantly, how to help you implement it.

As you may imagine, sometimes there’s a layer of complexity when we’re borrowing money. When is it time to borrow money from the policy and when is it not? How do we pay it back or when or what happens if I deployed all this money in this big deal that I’m working on and it’s taking longer to close? Now, the premiums or I can’t pay the loan. Ideally, you need somebody who is very active in infinite banking and is doing it themselves.

Nelson Nash was the author of Becoming Your Banker. He created what’s called the Nelson Nash Institute. That tries to protect the brand name Infinite Banking. Part of what they do is they have a certification that people must go through. Not only is it a test of your knowledge, but also, there’s an interview with the board. You have to be recommended by somebody who’s already certified. They’re trying to make sure the people who are certified know what they’re doing. They also need to follow a code of ethics.

If you’re looking for somebody, you can go to the Nelson Nash Institute and then there’s an agent finder. In there, put in your state or put in the agent you’re talking to and see if they are certified. Cameron and I are both certified and we’re a little biased, but we tell people, to find somebody that’s going to fit with you. You can tell we have a little more casual or we like to have a good time and poke fun. Maybe that’s not for everybody, but if you can find somebody who knows what they’re doing, as long as they’re certified.

Anybody who reads this show knows that I like to have fun no matter what. You’re my kind of people. It doesn’t matter to me as far as necessarily how people are poking fun or not. It’s their knowledge level and do they deliver what they say they can deliver?

Derek, I might add something there, if you don’t mind. I can tell you the number of times that we get people who will call in and say, “I’ve got a whole life policy,” or, “I’ve got an infinite banking policy.” We’ll look at it and either it’s a term policy or it’s something that is set up completely inappropriate. It’s just wrong. What I would say if there’s somebody out there that has a policy that they’re not exactly sure what it is, feel free to reach out to us. We’re happy to take a look at it and give you some feedback on whether it’s something that you could use for this strategy.

For myself, I co-owned a lending company for ten years and my business partner just bought me out of it not too long ago. For many of our investors, we’d raise private capital and then lend it out as essentially hard money. Many of our clients were pulling money off of their cash-value life insurance policies to invest through us. I’m fairly well-versed with how policies work and I’m even more well-versed as to how many people have no clue what they have in their policy often until it’s too late.

When we started getting into infinite banking, it was in conjunction with Key Man Insurance as business partners and also, it builds in value for number one, if there is a buy-sell agreement between business partners or in the event you want to sell your business someday. When you build up that life insurance policy owned by the company or paid for by the company, it increases the value of that sellable company. Can you guys speak to that a little bit?

A lot of what we talk about at the root of infinite banking is using or the way that we use a policy where we store the cash to do our investing. A lot of the things we talk about are more focused on cash, liquidity, and growth but because it is a life insurance policy, even though it is designed differently, it still has a lot of the benefits of life insurance. There is a death benefit component, which could be used if we use it as a buy-sell agreement or even maybe personally as well.

For example, Cameron, part of the seventeen policies that I have, one of them is on Cameron. Again, I was looking for a place to store cash and then I would have a loss if something were to happen to Cameron. Who am I going to be able to make fun of on the Infinite Wealth podcast? It’s very hard to find.

You’re going to have to spend at least $50 to find a replacement to pick on.

Some good-looking guy to come in to stand here. It’s tough to find.

I would say most of the time we recommend policies being owned individually and then we loan it to the company. Most people when they’re investing is they don’t have a partner. It’s very simple to keep it outside. But if we have multiple partners, there are some great strategies that we can have the business own it. It then becomes an asset of the business. It is on the balance sheet and also the cash value growth on that is still recorded on the balance sheet.

However, because it’s life insurance, that growth is tax-free. It looks good on the balance sheet and it also looks good on the profit and loss but then while we have that death benefit, we can use that for a Key Man Insurance. Either when you sell the property or the business, that could be part of it as an asset or you can take that as a distribution. If it’s distributed to the insured, then that can be a non-taxable event. That could be another way for us to strip some of the equity out as we are selling it.

Teaching The Next Generation

Another thing I’d like to point out. We’re talking about the generations of wealth. This is one of the things that Nelson Nash had is that he wanted to be able to teach these concepts to the next generation. We felt passion for that and partly, a lot of our clients have a lot more death benefit than they ever imagined. It’s important that we teach the younger generation about money with a small amount so that when they receive a large amount, they’re going to be a good steward of it.

Even with our children, putting policies on them, building them up to a point where if you do this properly, you can have their college paid for if you start early in their life and their insurance costs are next to nothing for the actual policy itself. Also, make them an employee and they pay for their own policy. I have three kids. They’re all involved in my business so they’re legitimately structured as employees.

I love what you’re doing there. College is always the big ticket item, Derek but a lot of times we’ll help clients implement some sort of education or lending program with their kids at a much younger age. That way, they get accustomed to, “Mom and Dad aren’t just going to give me money whether it’s for a bike or an entertainment console or something like that. It is, “I’m happy to buy this for you and you pay me back. Here’s how we’re going to track it. Here’s where the money’s coming.” It’s the little instances like that are the education that these kids need starting at 10, 11, 12, or somewhere in there.

Government Created Plans And Financial Education

You mentioned the 401(k) is going to 201(k)s. I got my butt kicked in 2007, 2008, and 2009 in real estate. Unfortunately, I lost damn near everything but that’s what was the kicking-off point for a lot of my success because I learned the hard way, but I didn’t quit. What’s your feeling on 401(k)s and some of the other financial advice that the masses are given? The people that would never listen to the Infinite Wealth Podcast or the Generations of Wealth podcast. What are they hearing from the general populace?

We’re not fans of government-created plans and in part, the only reason people are invested in a 401(k) and IRA is because of the tax benefits. Is that fair to say, Derek?

Yeah.

I’m a recovering CPA, but I even said it when I was active in it. Taxes should be one aspect that you consider when making an investment. It should never be the sole reason for your investment. The sole reason people are doing 401(k)s is just because of the tax of the tax reasons, which I think is a terrible reason to deploy money. Also, we don’t have access to it. I would tell you after reading Rich Dad Poor Dad, that his goal of financial freedom wasn’t building a high net worth in your investment account. It was creating passive income that’s more than your monthly expenses.

When your money is tied up in that account, it’s impossible to use it to pay for your monthly expenses unless you want to pay those heavy taxes and fees. In our belief IRAs and 401(k)s do have a place, but it’s for a small select few situations. It should be more important. People should be building passive income and they should be having assets that they have control of. The problem is most people put too much or more of their wealth in their 401(k) and then when a life event happens, that’s the only place they have to draw money so they need to pay taxes and penalties in order to access it. They make it even worse. They can’t go back in and they can’t go back and pay it back.

I’ll jump in there. Derek, if you look at our approach to personal finances, we do have a hierarchy of wealth where we categorize the steps that somebody should be taking to achieve financial freedom. At the foundation of our approach is more control with less risk. We’ll put 401(k)s, IRAs, or any government program at the top of our hierarchy where you have less control and the greatest amount of risk.

What I’ve seen over the years when I’m meeting with people is that people have money in 401(k)s and IRAs almost by default. It wasn’t a conscious choice. As they started their industry, whatever career they’re in, and they started making, 30 days later, HR pulls them in and says, “I got a great opportunity for you,” and they start putting money into those accounts in monthly drafts. They look up 5, 10 years down the road and there’s been this uneasiness that has been growing because they have no control over those assets.

They have no idea how this thing is going to perform. There’s no amount of effort or influence they can exert on this count whether it’s going to be successful or not. There’s this growing uneasiness. To be honest, that’s a majority of our clients that will call us and they’ll say, “I have no clue how this thing is going to turn out. I’d like to take more control over my funds.” That’s one of the things that will help them do. I’d say this to everybody. I don’t feel like Anthony and I do anything that’s super complicated here. What we do is give somebody control over their assets again.

As they’re going down the traditional path, they outsource that element of control over their finances. There’s this uneasiness and they know it. At the end of the day, when somebody’s going down that road, they’re not going to be successful doing that. The only time that you’re going to be successful in life is when you take control over it and it’s dependent upon the effort that you exert. If somebody’s out there, they’re contributing to their 401(k) and IRA and they’re thinking that somebody else is going to make them successful, they’re in a world of hurt.

It comes down to the same old story. It’s all financial education and nobody wants to get a financial education proactively. It’s usually when there’s a devastating event in their life or somebody else in their family’s life that this light bulb comes on and often it’s way too late. I love that you’re pointing that out and I was no different. I worked in a union construction job for many years and then I started my real estate business and ran it in conjunction with until I was able to quit my job.

The second I was able to pull my pension away from that and put it into my own self-directed, it wasn’t even a hesitation, but I had gotten the financial education along the way. Most people are clueless. It’s sad. There’s no good education for our youth and that’s just mostly indoctrination and turning them into robots.

Getting Kids Involved

There are some good resources out there, but you have to be intentional. We just interviewed Anthony’s son on our podcast, Chad Faso. He’s a young man now. He’s got a family and a great career, and he’s coming on as one of our coaches. He’s been on as one of our coaches. It was cool in the interview to hear the influence that Anthony had over him as a young man and teenager growing up. Also, presenting the books and these ideas with him at certain times, and certain ages, he wasn’t quite ready but when he was ready, he grabbed some of these ideas and these strategies and took off with them.

Some of the resources that I would recommend for your kids are Rich Dad Poor Dad and Becoming Your Own Banker. However, there are also some good books out there by Connor Boyack. He wrote a book series called The Tuttle Twins and he’s got three different series run for little babies. It’s a little picture book that is good for guys like Anthony. He’s got some middle school books and then he is got some high school books that are out there. It’s a great foundation if somebody’s looking.

We’ve had The Tuttle Twins books in my household for a while. My kids are so separate in age that I think it’s time to bring them back out and start rereading them again to each other but that’s an awesome resource. That’s the one thing with our kids and I know Cameron, I shouldn’t say. I’m not sure if you have kids or if you’re Anthony’s adopted son or what.

I do. I’ve got three.

I have two kids. He’s always trying to outdo me.

I don’t have eighteen policies by the way. I felt bad that I lied there. It’s been hanging on me now. Let me get that out there.

Competition is good but for us, we started getting our kids involved at about age 11, 12 as you mentioned. For me specifically with my oldest, she knows more about return on investment than most adults would ever hope to learn. She does want to be a part of our business, but it’s not that we’re trying to force our kids into what we do. It’s just so they know there’s other options.

For me specifically, I’m helping my kids build a network because that’s one thing I never had until the second half of my real estate investment career. We host events where we encourage people to bring their kids. The events are for adult real estate investors like our conference we host on a cruise ship, for example, the Generations of Wealth Voyage. I think there are eighteen kids going on this trip.

Our kids are meeting other kids who have parents who are freaks like us that think differently. Ultimately, for them to have that network across the country, it doesn’t matter if they ever become real estate investors or investors in general. They just know that there are other kids like them. They don’t get that in our local school system.

They’re also learning that mom and dad are still learning. They’re still taking the time. Now that school’s over doesn’t mean our learning’s over. That’s when the learning truly begins.

I love what you’re doing there, Derek. You implemented a piece of that or something similar. I’ve taken my kids on mission trips. We’ve gone down to Mexico and built houses. There are a couple of reasons I do that but one of them is to let them know that the world is bigger than their little world here that they have in the local community. That’s a big piece. I like what you’re doing there because it does the same thing for them at a younger age. It gets them introduced to people outside of their little network, their little sphere. I’m going to steal that. I’m going to start taking my kids to some events.

I take my kids to build duplexes. No, I’m just teasing.

I take my kids to clean out duplexes when the tenants destroy them and then they get to see the joyful side of being a landlord.

It’s good. They need to see both sides. It’s great that we need to bring our kids on as soon as we can and as soon as they’re ready.

I think the hard part is there’s a fine line between forcing them to do something they don’t want to do and educating them. I have a hard time staying within those lines because I don’t have a lot of patience. I want stuff done yesterday but you have to slow down long enough to sit there and tell the kids why we’re doing what we’re doing and not just go do it because dad said so.

Derek, one thing I’ve done for my grandkids is we set up a policy for them and as we build up enough cash value, we’re going to leverage against it and start buying real estate. When he is old enough, I’m going to take him to the property where he can walk in and he can see it. When he is old enough, I’m going to take him through the numbers and have him help me analyze the deals. I’m hoping that this isn’t grandpa’s money or daddy’s money. This is his money.

I’m hoping that he’s going to be paying more attention to it where I’m going to be teaching him along the road. Our plan is the projections are by the time he’s twenty years old he will have $20,000 a year in passive income. I think he will have eight homes is what we’re looking at but now we’re trying to build that generational wealth. We’re going to teach him as they’re young and build it for them where they’re able. They’re going to have to work their way in and learn it, but then once they do, they will be able to take over the family ship.

What I found worked well with McKenna and she still does. The girl drinks milk like crazy. She would drink gallons and gallons of milk. I would sit down with her with closing statements from a house that we just bought and sold and flipped and show her the profit that we made. We do all the math, but then I would say, “This is how many gallons of milk you could buy with that $20,000.” She would say, “Okay.” You can buy 5,000 gallons of milk for $20,000.”

I said, “Yes. Now let’s figure out how many hours somebody working at $15 an hour would have to work to buy the same amount of milk.” That’s when it started sinking in for her. I love the idea of, building a passive income for them. However, if I say, “You’ve got an asset and it’s creating $5,000 a year in passive income, a rental unit,” they need to know what it takes for somebody else to make that $5,000 for it to sink, in my opinion.

I like that. That’s a great example.

Buying Real Estate

I love this conversation and there was something you said about cash. I think you guys have some fairly strong opinions that I’d like to hear about. Do you sit and wait until you save up enough cash to go buy an asset? Do you leverage a property using a bank and your infinite bank or your own account? What are your viewpoints on buying specifically real estate with cash?

I would say all of the above is our strategy. We do recommend that we do need to have some money liquid. There’s going to be some vacancies, repairs or there could be some hits, but there also could be some opportunities. We do want people to have a layer in regard to those times. One of the many reasons why we like real estate is because there are so many ways that we can buy it.

I do think when we’re buying real estate fully leveraged, we have to be careful is the point. We need to make sure that we are educated, and again, we have some layers of liquidity, but if we have some equity in a home that’s sitting there not creating much to your passive income or your portfolio, I think there are many instances where it would make sense to use that equity to buy another asset.

Derek, what I would add there is that the wording that you use is very specific as far as cash goes. I think that one of the biggest mistakes that real estate investors make is to use cash, whether it’s for the entirety of the property or if it’s the down payment. One of the things that we teach everybody is that cash is okay, but it’s not the best thing that you could be doing.

That’s a lesson for a lot of people. That’s what infinite banking is. It’s taking that cash, putting it into a policy, and then leveraging against it. That is the most efficient thing that you could be doing with your cash. Prior to going, making that down payment you should have the cash inside of your policy and be used as cash value and then borrow against it for the down payment.

I speak for Anthony here. We’re bigger fans of leveraging the 80% with the bank. We want to come in for the down payment, put down as little as possible, and let them finance the rest. Cash versus cash value would be the takeaway. If anybody has questions like that, one of the good things about Anthony being a recovering CPA is that he’s done the math. We’ve done the math. In our course, we have an example that we share with almost everybody and it’s the, and one example is what we call it. It’s the difference between buying an asset with cash versus cash value.

We have an online course. To wrap up here and as a thank you to your readers, we’ll give you guys free access to our online course so they can go in there and look around. They can see if it’s a good fit for them. There’s nothing salesy in there. It’s a whole bunch of case studies and educational videos. There will be a button that if somebody does want to talk to us, they can click on that to reach out to us. Again, we want to give it to you guys as a thank you.

It’ll be at TheGenerationsOfWealth.com/infinitewealth. I appreciate you doing that for our readers.

If somebody’s out there and they’re wondering why they should be doing it, that’s one of the biggest questions. One of the biggest examples that we’ll provide for investors.

What I would say is if you’ve been around long enough, you’ve heard infinite banking is amazing and will cure all your woes or you may hear that it is terrible and it’s a scam. Those are both opinions. I would tell you, the facts are somewhere in the middle. If you are an investor, particularly in real estate, using infinite banking just like your rewards credit card is going to get you that uninterrupted compound interest that will allow you to buy more real estate and create that generational wealth.

What I would encourage your readers to do is owe it to yourself to look into it. At least look into it and say, “That isn’t for me.” It’s fair. Infinite banking is not for everybody, but I will say there’s a great opportunity here where we add this. It’s like your rewards credit card to your investing. Infinite banking can increase your returns and lower your taxes, but you’re never going to know unless you take some time to learn. With this course, you have access to it for free. We’re not going to call you. We’re not going to chase you. Our view is if you get exposed to infinite banking, you can make your own decision whether it’s for you or not but if it is for you, we’d like an opportunity to help you implement it.

I love that you said that because I’ve implemented infinite banking for the last several years. I’ve heard about it from several different sources. Some of which I felt icky after listening to them and some of which were great. Following the Infinite Wealth Podcast, learning from you guys, and using those awesome resources that you’re giving away, I appreciate that because there are so many people on YouTube University who are getting fake news and false information. Maybe they’re getting good information. They don’t know the difference between the two. That’s what we’re all here to try and help and prevent. What’s one question I should be asking you that I haven’t?

I know you want to ask Cameron how he does it with his hair but I’m just going to warn you it’s a family secret.

That’s another podcast.

We don’t have another hour for the show, but if we did, I think haircare would be a topic of choice.

Downside Of Infinite Banking

I would say we try to take an educational approach. I think one valid question is what’s the downside of infinite banking? We talked about all the great stuff about it. You’ll learn more about the pros and cons if you go through our educational process. We want you to know the facts and not just the opinions. We want you to know the good and the not-so-good. I think probably the biggest obstacle people have when they’re looking into this is what we call the slow start.

It’s like we’re starting a business and with most businesses, there are some startup costs. It takes a little while for it to cashflow. Particularly with these policies, the first year you put in $1, you’re not going to be able to turn around and leverage a whole dollar. It’s going to take a little time for you to do that. What we tell people is if you’re focused on short-term results, infinite banking is not for you.

However, if you can have a long-term view, this can be a great strategy to implement because the policies get more and more efficient when you need them most. The bottom line is this isn’t an either/or. We’re not saying put your money in life insurance or real estate. This is an asset as Cameron says. There’s the ability for you to do both.

I appreciate it. That’s my favorite question that I ask everybody I talk to because that way I get something that you guys truly wanted to say and I didn’t have to think of another question. It’s fantastic. We can definitely wrap this up. I know that you guys have the Infinite Wealth podcast. Are there other ways that people can follow you, listen, seek you out, stalk you, or anything like that?

They can go to InfiniteWealthConsultants.com. That’s going to be our website. We’ve got all of our resources there. Also, the Infinite Wealth Podcast. We put episodes out every Wednesday. Half of the episodes are Anthony and I talking about the good and the bad of infinite banking and then the other half of the episodes are us highlighting investment opportunities that create passive income that maybe not a lot of people are, are aware of. We’ll bring on an expert to discuss and to give some insights there. It’s great resources there if you guys have questions on infinite banking.

Again, TheGenerationsOfWealth.com/infinitewealth is how you can get their free information. Guys, it’s great getting to know you a little bit more. We talked before the show, which was fun. The show was awesome. I appreciate you being on. For everyone else, thanks for joining the show. Go out there, live your vision, and love your life. See you next time.

Go make it a fantastic day.

Take care. Thanks, Derek.

Important Links

• Reicot.com
• Gowvoyage.com
• TheGenerationsOfWealth.com/fbgroups
• TheGenerationsOfWealth.com/infinitewealth
• TheGenerationsOfWealth.com/YTChannel
• TheGenerationsOfWealth.com/Instagram

About Cameron Christiansen

Anthony Faso, CPA and Cameron Christiansen are founders of Infinite Wealth Consultants and hosts of the Infinite Wealth Podcast. A proud U.S. Army veteran and self-described “recovering” CPA, Anthony has worked at the world’s largest accounting firm and served as CFO of a chain of restaurants. However, after the 2008 recession, he realized that the solution to financial freedom would never be found in the latest Wall Street-created financial product.

As he was discovering what his path to financial independence would look like, he was also teaching and coaching individuals and business owners about money and investing. Having been a small business owner for eight years, Cameron was frustrated with investment solutions proposed by traditional financial advisors. This frustration is what led him to discover infinite banking and real estate investing. After advising others for over a decade, Cameron now brings his expertise in passive income generation and cash flow analysis to his partnership with Anthony.

As followers of the principals of Robert Kiyosaki, the author of Rich Dad, Poor Dad, Anthony and Cameron help their clients to be financially independent. Not just in dollars, but also in sense. They educate clients on making sound financial decisions and coach them on investing in assets that have certainty, control and collateral. Infinite Wealth clients are not subject to the roller coaster of the stock market.