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"The Problem"
Manage episode 429049092 series 3582090
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In this week's episode, Scott explores "the problem" with traditional finance in North America, a concept introduced by R. Nelson Nash, the founder of the Infinite Banking Concept and author of "Becoming Your Own Banker:" you finance everything you buy, whether by using your own money and losing potential interest, or by paying interest when borrowing someone else's money.
Scott explains how this traditional approach results in lost opportunity cost, using the example of buying a car. Whether you save and pay cash or finance and repay a loan, you end up at zero, missing out on potential growth for your money.
But there’s a solution. Learn about the simple, yet effective strategy for avoiding "the problem." This approach allows you to avoid lost opportunity costs and keeps your money growing, even when you use it.
Break free from the cycle of losing interest and start financing your future in a more efficient way with Magnify Wealth.
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