Economic Value of Certainty with Robert Scranton

Economic Value of Certainty with Robert Scranton - Episode 297

Show Notes

In this episode, I have interviewed Dr. Rob Scranton, who teaches people how to use their current debts and expenses to grow their wealth outside of the traditional approaches like scrimping, saving, and denying themselves the lifestyle that they want. Не leverages his extensive background in accounting, finance, and his experience as the former chief financial architect of a cutting-edge financial firm to offer a unique perspective on a highly effective financial strategy known as the Infinite Banking Concept, or IBC. With over two decades as a serial entrepreneur, Dr. Rob combines his expertise to showcase the power of this little-known approach.

The reason Infinite Banking is so effective is because it predates the Internal Revenue Service and the tax code, preventing the government from lawfully seizing wealth accumulated through this method.

Highlights

Dr. Robert Scranton begins to share a bit of his background, explaining how he transitioned from working in accounting and finance to becoming a chiropractor and entrepreneur.
Dr. Scranton discusses the importance of certainty in planning for the future. He shares a client case study where, through the infinite banking concept, they were able to forecast a guaranteed future income for their client.
The hosts discuss how the infinite banking concept allows individuals to have a certain outcome if they follow the appropriate steps—establishing a more focused savings and retirement plan.
The hosts observe that many people lack access to capital as they do not save, but instead put money at risk and give up control over it. They add that the best place to store liquidity is in a properly structured dividend-paying whole life insurance.
The hosts critique Wall Street and the government, arguing that the industry aims to keep people from managing their own money.
Infinite banking is not a product but a process. They underscore its advantages, remarking that it allows individuals to 'earn' in two places at the same time with the same dollar—a feature lacking in other financial instruments.
The growth of their agencies due to the increasing demand for knowledge on infinite banking, with clients eager to learn more about this revolutionary technique.

Links and Resources from this Episode