BYOB: But, I Can Get a Higher Rate of Return with Nicole Tate

In this chapter of reviewing Becoming Your Own Banker, Wade and Nicole talk about why it's better to finance anything you buy through your banking system than directly out of your pocket.

Highlights

• Is savings considered investing?
• Why banks don’t want you to understand the banking process
• The two different financial vehicles
• The purpose of having a savings
• What are the advantages and disadvantages of putting your money into investment
• The biggest confusion people have regarding owning a policy
• Why do banks put a tremendous amount of money with insurance companies
• How banks are making money
• What is an external rate of return and what should you be focusing on Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• wade@sagewealthstrategy.com