Oct. 30, 2019

The Private Wealth System: It’s All About How You Think with Richard Canfield - Episode 109

The Private Wealth System: It’s All About How You Think with Richard Canfield - Episode 109

Richard Canfield has been helping families reshape the way they save for their most important milestones and moments in life with The Private Wealth System. Before he read the bestselling book Becoming Your Own Banker, he had blinders on in one key...

Richard Canfield has been helping families reshape the way they save for their most important milestones and moments in life with The Private Wealth System. Before he read the bestselling book Becoming Your Own Banker, he had blinders on in one key area of his financial life. Now, as an avid learner, he encourages each of his clients to develop the mentality of Curious George by asking questions, challenging what we already know, and seeking out the truth. So stay tuned and enjoy this episode!


Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit
www.practicalwealthadvisors.com


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Show Notes

  • Richard's background - 0:37
  • The powerful Infinite Banking concept - 1:30
  • Being exposed to new ideas - 3:07
  • Helping people understand more about finances and money - 3:40
  • Having consistency with real estate - 7:07
  • Not having a coach - 7:23
  • The importance of having a coach in all aspects of your life - 8:37
  • Nelson Nash's Golden Rule - 10:44
  • What's banking? - 12:50
  • An application to access capital - 15:22
  • It is all about how we think - 16:44
  • The only way you can make things happen - 19:10
  • Do not be afraid to capitalize - 20:20
  • Do not do business with banks - 22:12
  • Participating in a family bank - 24:47
  • What happens if you have an outstanding policy loan? - 26:31
  • His experience in Birmingham - 33:50
  • Richard's lessons and thoughts - 36:55
  • Getting in touch with Richard - 41:01


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