What Typical Financial Planning Fails and What You Can Do About it! - Episode 294

Curtis May discusses the concept of becoming your own bank through privatized banking systems. Curtis reaffirms his company's, Practical Wealth Solutions, commitment towards helping people set these systems up. His firm utilizes properly structured dividend-paying whole life insurance as a means of storing cash. Curtis heavily discourages the notion of chasing rates of return, instead he encourages listeners to strive for uninterrupted compounding through a system similar to the Banking Life Cycle, which includes earning, banking, borrowing, spending, and repaying oneself.   Highlights Common misconceptions seen on the internet about infinite banking Curtis' favorite books on financial planning How infinite banking works and the misconception that it is a wealth creation tool The importance of understanding the process of banking regardless of the rates of return or spreadsheets Why you should not focus on products but rather on understanding the process of banking The conventional wisdom on earning money, categorizing it as the "debt paradigm" His financial strategy, which involves earning, banking, borrowing against your bank, spending it wisely and repaying from your cash flow The need to repay debts and investments, warning listeners not to "steal the peas" Why you should start reading "Rich Dad Poor Dad" for understanding how to start earning money, manage cash flows and save profits Links and Resources from this Episode https://www.practicalwealthadvisors.com https://www.practicalwealthsolutions.net/ Email Curtis for a free report - [email protected] Call his office - 610-622-3121 ERC Tax Credit - https://ercspecialists.com?fpr=curtis75 Schedule a call with Curtis: https://aptwithcurtis.as.me/Strategysession CashFlow Mapping: https://practicalwealth.cashflowmapping.com/lp/PWbudgetsstink Private Reserve Strategy: https://app.agent-crm.com/v2/preview/vWh4TyHnUBXdULimd82i Special Listener Gift Schedule a 15-Minute Call with Curtis: https://aptwithcurtis.as.me/Strategysession  Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with RSS