240 episodes

Dollars and Nonsense focuses on helping individuals and families find financial freedom by leveraging the Infinite Banking Concept (IBC). The podcast delivers real-world tips, tricks, and techniques for anyone wanting to take their wealth to the next level.

We do all this through the hosts sharing their vast knowledge and sitting down with experts. Plus, the show is for the average person—you don’t have to be a financial expert or an economics professor to get a metric ton out of every episode. We extract priceless resources and action steps for you and deliver them in a 30-minute weekly show.

Learn more about the show by visiting https://livingwealth.com/podcast/

Our primary focus is a financial strategy called the infinite banking concept that allows you to control your savings and debt needs, helping you become your own banker, in essence. It was formalized by finance expert R. Nelson Nash in the early 1980s. But its roots go back much further.

Dollars and Nonsense Living Wealth

    • Business

Dollars and Nonsense focuses on helping individuals and families find financial freedom by leveraging the Infinite Banking Concept (IBC). The podcast delivers real-world tips, tricks, and techniques for anyone wanting to take their wealth to the next level.

We do all this through the hosts sharing their vast knowledge and sitting down with experts. Plus, the show is for the average person—you don’t have to be a financial expert or an economics professor to get a metric ton out of every episode. We extract priceless resources and action steps for you and deliver them in a 30-minute weekly show.

Learn more about the show by visiting https://livingwealth.com/podcast/

Our primary focus is a financial strategy called the infinite banking concept that allows you to control your savings and debt needs, helping you become your own banker, in essence. It was formalized by finance expert R. Nelson Nash in the early 1980s. But its roots go back much further.

    E239: The 3 Pillars of Financial Independence

    E239: The 3 Pillars of Financial Independence

    In this episode, Nate Scott explores the three critical pillars of financial independence—income, security, and control—and reveals how Infinite Banking offers a unique pathway to achieve these goals. Drawing from personal experience, Nate illustrates how Infinite Banking serves as a cornerstone for building passive income streams, ensuring financial security, and retaining control over one's financial destiny. He invites listeners to embrace Infinite Banking as a powerful tool for transforming their financial future and attaining lasting independence.
    Ready to break free from the traditional financial system and become financially independent through infinite banking? Schedule your FREE consultation now!
    Key Takeaways:
    The Quest for Financial Independence: Financial independence is the ultimate goal for many, but traditional financial strategies often fall short of achieving true independence.
    The Three Pillars of Financial Independence: Income, security, and control are the three essential pillars for achieving financial independence. Without balance across all three, you can’t achieve true independence.
    The Role of Infinite Banking: Infinite Banking offers a unique approach to financial freedom, providing a foundation for building passive income streams, ensuring financial security, and retaining control over one's financial future.
    The Value of Infinite Banking: The true value of Infinite Banking is not only in the policies themselves but in the way you can leverage them to achieve financial freedom.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?

    • 23 min
    E238: How Infinite Banking Can Reshape Your Financial Mindset

    E238: How Infinite Banking Can Reshape Your Financial Mindset

    In this episode, Nate Scott discusses how to retrain your mind to see finances differently and overcome limiting beliefs. He explains that our brains filter information that seems unimportant to simplify decision-making, but this often leads to scarcity thinking and missed opportunities. That’s why Nate introduces the concept of infinite banking as a way to retrain your mind to think differently about money. 
    He highlights three pivotal shifts in mindset: realizing you don't have to take risks to make money, understanding that your money can serve multiple purposes simultaneously, and recognizing that business and investment opportunities are everywhere.
    Ready to build generational wealth and financial independence through infinite banking? Schedule your FREE consultation now!
    Key Takeaways:
    Our brains filter information to simplify decision-making and protect us, but this can lead to scarcity thinking and missed opportunities.
    Infinite banking can retrain your mind to think differently about money and see new opportunities.
    Shift your mindset to realize you don't have to take risks to make money.
    Understand that your money can serve multiple purposes simultaneously.
    Recognize that business and investment opportunities are everywhere.
    Retrain your mind to see new opportunities and update your perspective on finance.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?
     

    • 23 min
    E237: Can You Practice IBC Without Whole Life Insurance?

    E237: Can You Practice IBC Without Whole Life Insurance?

    In this episode, Nate Scott dives into whether it is possible to do infinite banking without using whole life insurance. He explores alternative financial strategies such as velocity banking and borrowing against brokerage accounts, comparing and contrasting them with the principles of infinite banking. While acknowledging the effectiveness of these alternatives for cash flow management and asset building, Nate explains that whole life insurance policies offer unique benefits for wealth accumulation and creating a banking asset with guaranteed returns.
    Ready to become your own banker and build financial independence through infinite banking?  Schedule your FREE consultation now!
    Key Takeaways:
    Infinite Banking Versatility: While infinite banking principles can be applied without whole life insurance, they may not offer the same unique benefits.
    Alternative Financial Tools: Strategies like velocity banking and borrowing against brokerage accounts can be effective for cash flow management and asset building.
    Unique Benefits of Whole Life Insurance: Whole life insurance policies offer a secure and guaranteed method to build wealth and create a banking asset that produces value in various aspects of life.
    Personalized Financial Choices: Choosing the right financial tool depends on individual preferences and objectives, with each option offering distinct advantages tailored to specific financial goals and circumstances.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?

    • 26 min
    E236: How IBC Client Overcame The Scarcity Mindset

    E236: How IBC Client Overcame The Scarcity Mindset

    In this episode, Nate Scott sits down with Corey Carpenter, an anesthesiologist and long-time client of Living Wealth, to discuss Corey's financial transformation. Corey shares his journey from being overworked and burned out to adopting the empire over retire mindset and building a life that he doesn't have to retire from. 
    They discuss the importance of relinquishing control and trusting in God's plan, the true fulfillment that comes from living in the present moment and focusing on quality of life, and using infinite banking to build capital and create opportunities for himself and others.
    Ready to break free from the traditional financial system and become financially independent through infinite banking? Schedule your FREE private consultation now!
    Key Takeaways
    Adopting the empire over retire mindset can lead to a total financial transformation.
    Reading books like Antifragile can change your outlook on life and money.
    Experiencing boom and bust cycles can shape your mindset and financial decisions.
    The scarcity mindset can be both beneficial and detrimental, and it's important to reassess its impact on your life.
    Transitioning from a conventional wealth-building formula to the infinite banking concept can provide a new perspective on financial freedom.
    Seeking an abundant life involves reevaluating priorities, creating margin, and finding balance between work and personal life. 
    True fulfillment comes from living in the present moment and focusing on quality of life.
    Building capital allows for the creation of opportunities for oneself and others.
    Investing in non-traditional assets like cryptocurrency can be a part of an Antifragile financial strategy.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?

    • 56 min
    E235: Why People Think Whole Life Insurance Is a Scam

    E235: Why People Think Whole Life Insurance Is a Scam

    In this episode, Nate Scott dives into the whole life insurance debate by presenting five reasons why people believe infinite banking is a scam, and five opposite reasons why people like whole life insurance. His goal is to bridge the gap between those who support and those who criticize whole life insurance. Nate acknowledges the valid concerns of skeptics while also highlighting the benefits that attract many to the infinite banking concept. By offering a nuanced discussion, Nate hopes to encourage listeners to consider different viewpoints when making financial decisions. 
    Key Takeaways
    Criticisms of Infinite Banking: its expense, the belief that agents' are only in for commissions, lower rate of return, the idea that you’re “borrowing from yourself”, and the perception of the insurance company taking the cash value upon death.
    Reasons for Choosing Whole Life Insurance: its long-term growth potential, contractual access to money, built-in estate and legacy planning, the ability to fund other investments, and the potential for safe, tax-free passive income.
    Bridging the Gap: Understanding both sides of the debate can help bridge the gap and foster understanding between proponents and critics of whole life insurance.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?

    • 32 min
    E234: How Holly’s Cancer Diagnosis Changed Her View on Life and Money

    E234: How Holly’s Cancer Diagnosis Changed Her View on Life and Money

    In this episode, co-hosts Holly and Nate discuss how her perspective on money and life has changed since her cancer diagnosis. They encourage listeners to live a life they love today, rather than waiting for a future that is not guaranteed. Holly emphasizes the importance of waking up every day and choosing to do what you love, understanding your purpose, and being in God's will. They discuss the significance of relationships, the dangers of seeking control, and the freedom that comes from surrendering to God's plan. They also highlight the benefits of implementing Infinite Banking and having a financial plan that aligns with biblical principles.
    Key Takeaways:
    Live a life you love today, rather than waiting for a future that is not guaranteed.
    Wake up every day and choose to do what you love.
    Finding your purpose and being in God's will brings fulfillment.
    Prioritize nurturing and investing in meaningful relationships.
    Instead of striving for control, focus on managing stress and avoiding burnout.
    Integrating Infinite Banking into your financial strategy offers both freedom and security.
    Crafting a financial plan rooted in biblical principles can lead to lasting benefits and peace of mind.
    Episode Resources:
    Gain FREE access to our Infinite Banking Course here 
    What is Infinite Banking
    Who was Nelson Nash?

    • 42 min

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