Master the Concept of Infinite Banking
The Money Blog
Read through our collection of articles on the Infinite Banking Concept (IBC) and other money matters.
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Read more »: What Are The Financial Risks of Having Only One Primary Beneficiary?Why Do I Need A Primary Beneficiary? When you have a life insurance policy, you may be concerned with dividing up the benefit amount and who will take responsibility for your children or other dependents after your death. Additionally, there will be many obligations that need to be dealt with when you pass away. Therefore,…
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Read more »: What Insurance premiums are tax deductible?Understanding which insurance premiums are tax-deductible in Canada can be complex. While most are not, exceptions exist—particularly in corporate structures and lender-required policies. This article breaks down the nuances, including how business owners can strategically use life insurance in buy-sell agreements and when deductions truly apply.
The Premier Channel: Bankers Vault
Watch out our latest videos and tutorials on the Infinite Banking Concept and other financial topics.
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CLICK HERE ???? http://watchibc.com/ In this episode, we’re breaking down how business owners can ditch traditional banking and take control of their cash flow using the Infinite Banking Concept (IBC). The team lays out exactly how to turn your business expenses into assets, build a financial system that works for you (not the banks), and…
The Podcast: Wealth on Main Street
North America’s #1 financial podcast where conversations about money are entertaining and informative. We’re transforming the conversation around money, making it approachable and clear.
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Cash flow is the real key to business health. Henry Wong justifies why cash flow is more important than profit. By breaking down cash flow into three categories—operating, investing, and financing—business owners can get a true picture of their financial health. Don’t let cash flow issues hold you back. Watch the full episode! Business Owners…
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Treating life insurance as an expense could cost you. Henry Wong breaks down a major misconception that permanent life insurance is a specialized asset, but many mistakenly treat premiums as an expense. As he points out, the Income Tax Act clearly states that insurance premiums aren’t deductible. Avoid costly mistakes and make life insurance work…
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