The Land of Possibilities

What factors influence your purchase decisions? Is your spending behavior different when it comes to buying your daily needs versus your insurance, your house, and other properties? Colton and Joel McGriff continue to the ninth part of talking about the book: Becoming Your Own Banker. Together, they talk about how most people usually decide on making their purchases. They also discuss the differen...

Do you believe that your reality is the truth? Are you sure you have the proper perspective on the current happenings? In this episode, Colton and Joel McGriff play a fact or crap game to pick up where they left off in their last episodes about inflation. They will try to tell whether the media releases facts or crap statements regarding inflation. Topics regarding the conflict between Russia and...

What's the situation of inflation like in the past? Did the government show support to its people? This episode is like a blast from the past as Colton and Joel McGriff talk about Joel's experience with inflation back in the day. He narrates the situation of how it is like living in the past where the money's value is really low, no matter which part of the world you are in. Joel also mentions how...

As inflation rises, the value of money diminishes quickly. You would need to pay more for the goods and services you're getting. But how does inflation affect you? In this solo episode, Colton talks about a very important topic: Inflation. He discusses the meaning and the concept behind the topic and why it happens. He also shares how the Austrian economic thinkers treat inflation, banking, and in...

A lot of people have been misinformed about insurance. Before buying one, it is vital to understand its value and purpose. Colton and Joel McGriff proceed to part eight of Becoming Your Own Banker. They discuss the overview of how insurance works. Many people have been told that an insurance policy is a must-have. To increase the demand, the industry and some financial advisors flood countless bit...

Have you ever wondered why your expenses increase directly proportional to your income? This dilemma is just at the tip of the iceberg of the plethora of existing human problems. Colton and Joel McGriff proceed to part seven of Becoming Your Own Banker. They discuss why it is essential to outline human problems first before delving into the next step. Failing to address human issues early will mak...

In this part 6 of the series of the Nelson Nash Becoming your Own Banker book, Joel and Colton McGriff talk about pages 26 and 27 and review what they said in the first five episodes of the series. They also talk about the idea of financing what you buy. Highlights: Financing what you buy - 1:06 How many times have you read this book? - 2:08 Understanding the problem and knowing what to do - 3:14...

Colton and Joel McGriff dig into part five of Becoming Your Own Banker. They talk about how the most important part of the entire book is right here, pages 21 through 25: Creating your own banking system through dividend-paying life insurance. Learn how banks operate in this episode! Highlights: A section of the book that we need to re-read - 0:48 The very first principle that needs to be understo...

In continuation of the book review, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker and how it connects to society today. They talked about fractional reserve banking and how bankers are making speculative investments. Colton and Joel also discussed R. Nelson's concept of cogeneration and how to share their knowledge with the next generation...

Continuing with where they left off the last episode, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker . Together, they state the reason why they are drawn not only to the book but also to the analogy that R. Nelson used. They also discuss why most financial conversations and misconceptions are wrong. Highlights: Why Colton and Joel are drawn...

In continuation of the book review, Colton and Joel carry on sharing their insights about Becoming Your Own Banker . They focus their discussion on one of the many analogies in the book: The concept of the grocery store. Colton and Joel also bring the topic of building a system of bringing in more income without increasing the amount of time you need to do it and why more people are interested in...

Colton and Joel sit down to talk about the book, Becoming Your Own Banker. They also talk about the concept of infinite banking: The more you learn about new ideas and new things, the more you come back to the concept. Colton and Joel also cite different resolutions and realizing that everything that you know now could change tomorrow: You should be willing to adapt to it. Highlights: The more you...

Joel and Colton McGriff give us an update about where things have been and where things are going in business and life. They have a new member of their team: Colton's sister! A new member of the team that gives a new perspective. Highlights: A new addition to the team - 2:18 Designing a strategy that makes sense - 3:46 The Tax Code is a puzzle - 4:03 Raising a new puppy and a newborn baby - 10:21...

Joel and Colton McGriff talk about a topic that has been in our heads during this time and they ask "How does inflation affect my decisions?" Check out their answers in this special episode. Highlights: A story about Richard Nixon's presidency - 1:00 The first exposure to the money markets - 2:30 The confiscation of gold - 4:49 The fear of COVID - 6:56 Controlling inflation? - 7:28 Is inflation a...

The theme of this podcast is KISS: Keep it Simple! But why? Check it out in this episode as Colton and Joel explain why you have to keep it simple. Highlights: When do you want to retire? - 1:37 Creating passive income - 1:59 Discussing passive income goals - 2:50 You have to plan all the scenarios - 3:24 Access to capital is the most important thing - 15:24 Resources and Links: https://www.themcg...

Colton and Joel McGriff talk about the basics of why they started this podcast. It is not about giving surface-level information, it is about giving you actionable steps to make better decisions. Highlights: The guiding principle to start this podcast - 2:23 There's a lot of theory everywhere - 3:30 Giving enough information - 4:12 The way they teach finances to their clients - 5:46 Building the s...

This podcast has special news: Colton and his spouse have a new baby! They are so happy as Colton explains how their life changed and about life insurance for newborns. Highlights Diaper changes - 1:41 Kids are expensive - 4:18 The value that a kid brings - 4:54 Controlling costs so that they do not become a problem - 6:30 Planning for "his son's death" - 7:54 Life insurance is necessary - 8:57 Th...

The McGriffs talk about how you can be coachable through the process of life. They dive into some incredible coaches and explain using a NBA analogy. They recommend implementing the infinite banking system in our lives.   Highlights: Being in the COVID world - 1:12 About generational planning - 4:19 Everything is changing - 5:15 Why coaching is necessary - 6:47 The NBA this year - 7:48 Implementin...

This episode is part three on the cash flow series! The McGriffs talk about cash flow during the pandemic and dive deep about how timing is everything.   Highlights: Cash flow during the pandemic - 2:42 Everything happens the same way during a crisis - 3:30 One of the major things when it comes to cash flow - 4:29 The financial industry during the last crisis - 6:39 Constantly evaluating circumsta...

This is part 2 on the three-part series about cash flow! The McGriffs talk about cash flow, how to build it, and why it is important.   Highlights: Why we need cash flow - 1:57 Having a more certain future - 2:20 The importance of what Nelson Nash taught us - 4:46 The key is to ask "why" - 6:36 Having an independent thought - 6:54 A different approach to your finances - 10:30 We are the CEO of our...

This is a three-part series on cash flow! The McGriffs dive in to understand why we do what we do in the financial space. Today's episode is about thinking about retirement differently.    Highlights: Their view about retirement - 1:38 Always creating value in some way - 2:01 Retirement as an amazing time - 4:51 We are always talking about cash flow - 6:27 Creating the cash - 9:38 Making assumptio...

Does life insurance make sense? If you want to know the answer to this question, this is the episode for you because the McGriffs explain to us what personal banking is and what we can do to get out of debt. Highlights: Investment ideas during the pandemic - 2:03 Why life insurance makes sense - 2:33 Talking about debt and life insurance - 2:54 Diving more into the life insurance industry - 3:54 B...

Last week, the McGriffs talked about good debt vs bad debt, but in today's episode, they dive into all debt. They continue to explain what to do when it comes to debt. Highlights: Storing cash - 1:55 You cannot predict everything - 2:04 Looking at future investment decisions - 3:29 People depending on investments - 4:04 The financial world - 5:48 What debt looks like - 10:25 We need to prepare and...

Can debt be good? Listen to the McGriffs insights about what makes it good or bad and what to do about it. Highlights: Good and bad debt - 1:14 Paying off debt - 2:34 Student loan debt - 3:18 Credit card debt - 4:03 Should we pay off the debt? - 4:20 Building cash and staying in control - 8:11 There's definitely bad debt - 9:51 Nelson Nash's insights - 12:21 Looking back into history - 13:17 What...

The McGriffs talk about Joel's new nickname, these uneasy times for the world, and explain why you should stop saving for retirement. Highlights: Watching the news all day? - 1:40 Stop saving for retirement - 2:07 How we are going to stop saving for retirement - 2:42 Worrying about cash flow - 3:16 What are outside investments - 4:36 You have to create cash flow now - 7:16 The Wall Street Mindset...