Ep. 119 - The Narrow Gate: Changing the Way You Think About Money - Warehouse of Wealth Ch. 3

In Chapter 3 of Building Your Warehouse of Wealth, Nelson Nash takes a hard look at the spending habits of the average family—and this chapter hit home. Money has to flow. We earn it, spend it, save it, make payments with it and use it to buy everything from groceries and vehicles to homes, land, cattle and equipment. The money is going to move whether we practice Infinite Banking or not. The bigger question is: where is it flowing, and how much control do we have over that flow? In this episode, Lacy breaks down Nelson's reminder that we finance everything we buy. We either pay interest to someone else for the use of their money, or give up what our own money could have earned when we pay cash. But Nelson takes the conversation one step further. Our need for financing throughout our lifetime is far greater than our need for death benefit. So why not build a financial system that can address both? Lacy connects Nelson's examples of automobiles, housing, living expenses, principal and interest back to participating whole life insurance—and why we have to change the way we think if we want to see its possibilities. She also shares why you don't have to own the biggest farm, run the largest ranch, or already be wealthy to start. Your banking system is built for your needs, and it's built incrementally over time. And sometimes choosing a different financial path means being willing to take the narrow road. As Nelson closes the chapter: the best time to plant a tree was 20 years ago. The next best time is today. If you want greater control of the money already flowing through your life, farm, ranch or business, this episode is for you. Start with the book — Farming Without the Bank (Canadian edition) — available in paperback and audio at ranchyourway.com.  Watch full episodes of the Win-EH Podcast at youtube.com/@WinEHpodcast. Hosted by Winnie Lau & Lacy Rowan – Ranch Your Way Watch our Podcast on YouTube or listen on Apple Podcasts, Spotify, and iHeart Radio Subscribe so you never miss an episode!