Duryea Financial Podcast

In this episode I continue my review of Nelson's book Becoming Your Own Banker, where he discusses the misclassification of life insurance. Nelson says that we should view life insurance as a personal system of finance, that happens to have a death benefit attached to it, not the other way around. Enjoy!

In this episode I discuss page 35 in Nelson's book Becoming Your Own Banker , the chapter entitled "Use It or Lose It". This chapter is the last of the human problems that Nelson says we must overcome if we are to become our own banker. Enjoy!

In this episode, I review page 34 of Nelson's book, in which Nelson describes the devastating problem called "The Arrival Syndrome." This problem is the most damaging problem we encounter in the mission of establishing our family system of policies for banking. Don't miss this one! Enjoy!

In this episode I speak with my good friend and brother-in-law Josh Pretzer. We discuss our history with infinite banking and what it has meant to us over the years. Enjoy!

In this episode, I review the chapter in Nelson Nash's book entitled The Golden Rule, pages 31-33. Nelson writes that those who understand the value of building and owning capital have the proper respect for capital, and are always those who are in control of the capital. Those who own and control the capital will always earn the most money, and those who do not own and control capital will always...

In this episode I continue my review of Nelson Nash's book Becoming Your Own Banke r, pages 29 and 30. In this section, Nelson discusses Willie Sutton's Law, a notorious bank robber. Willie Sutton's Law is, "Wherever wealth is accumulated, someone will try to steal it." Nelson goes on to discuss that the most effective form of theft is the political method, the legal method. Thank you for tuning i...

In this episode, we move onward in Nelson's book to page 28 where Nelson begins discussing the human problems we all encounter as we set out to become our own banker. I discuss the human problems Nelson is laying out, and how they provide stumbling blocks to our success in IBC, and I offer the Biblical solution of grace as a permanent solution to the problems that we face when adopting IBC in our...

In this episode, I review pages 21-25 of Nelson Nash's book Becoming Your Own Banker and I zero on in the concept of ECONOMIC VALUE ADDED or EVA, what "the cost of capital" really means, and what Nelson meant by it. If we do not understand EVA and the cost of capital, and how banks really operate and how the money system is really working, then infinite banking will never make sense.

In this episode, I cover the topic of * INTEREST* in the Infinite Banking Concept, which is the most widely misunderstood topic in infinite banking. I talk about policy loan interest, and why paying it is actually a good thing, even though we often feel like it's not. And I talk about paying yourself interest, which is often mistakenly confused with policy loan interest, which is a fatal error. En...

In this episode I review an article by Carlos Lara on Austrian economics and the history of modern deposit banking. Modern fractional reserve deposit banking is the worst, most evil and disturbing financial problem in the world today. It is legal fraud and counterfeiting, it victimizes private property owners, is a crime to society, and yet the bankers of the world get away with it on a daily basi...

In this episode I review pages 19-20 of Nelson Nash's book Becoming Your Own Banker, in which he describes the gory details of starting your own commercial bank, some of the evils of the modern fractional reserve banking, and then describes the cogeneration system of financing that already exists with life insurance, and how to tap into it.

In this episode I review pages 17 and 18 of Nelson Nash's book Becoming Your Own Banker, in which he demonstrates that over 30% of every dollar that the average American earns is spent on interest to the banks, how this is a problem in how we think, and how learning to think according to the concepts of infinite banking is the cure for that problem.

In this episode I discuss pages 14-16 of Nelson Nash's book Becoming Your Own Banker, highlighting the importance of imagination over knowledge, and the concept of theft as a horrible evil that erodes wealth. It does no good to stop the world from stealing from you, if you're going to simply steal from yourself.

In this episode I review pages 12-13 of Nelson Nash's book Becoming Your Own Banker , in which he describes the painful circumstances in his own life in the late 70s and early 80s, and how those horrible circumstances were actually the birthplace of The Infinite Banking Concept™. It is what King David referred to in Psalm 23, "You prepare a table before me in the presence of my enemies."

In this episode I continue my review of Nelson Nash's book Becoming Your Own Banker, the opening chapter on pg. 11.

In this episode, I tell the story of how my infinite banking story began in 2018, and how it simply made my life better. I'm a better person today because of The Infinite Banking Concept®.

I recorded Papa John Senne (my wife's grandfather) reading from the gospel of Matthew, chapters 5, 6, and 7, Jesus's Sermon on the Mount.

Today I talk about the top influential people in my life since this journey of infinite banking began.

-The cost of taking action vs. the cost of doing nothing-

We are certain to encounter difficult times financially. The best way to prepare for difficult times financially is to 1) learn to think like a banker and 2) build a family bank that can weather the financial storms that come along.

Today I go back through my journals and revisit some of my favorite quotes I have run across in the last few months.

The core problem, to which infinite banking is the solution.

In this episode I welcome my great friend and colleague Paul Bohlen to the podcast to discuss the different perspectives we have on IBC and how we put it all together to have a unified strategy for IBC.

In this podcast I discuss recent inspired conversations I have had that bring to light some of the simple, basic principles of banking. These simple principles are the key to properly implementing privatized banking. I know, more firmly than at any previous time, that private banking is. It simply is. The practice of implementing private banking leads us into a place where we experience the most f...

In this podcast I talk about my personal belief that retirement is perhaps the #1 killer of wealth building today. Enjoy!