Wealth On Main Street

Wealth Without Bay Street 206: Finding the Perfect Storm in Real Estate Investing   If you have ever tried to start, grow, and expand a Real Estate portfolio, you have likely realized that it is not as easy as you want it to be. Real Estate entrepreneur Russell Westcott shares tales from the trenches of his 25 years as an investor and capital raiser.  One of the most valuable lessons he has learne...

Wealth Without Bay Street 205: Next Level Income with the Investment Optimizer Want to learn the secret to creating a high-performing opportunity fund capable of transacting over $1 billion in real estate? Look no further because we have Chris Larsen, the expert who has accomplished just that!  At a young age of 21, Chris began his real estate journey by acquiring his first rental property. Since...

Wealth Without Bay Street 204: Can You Get Rich Buying Cars? The enticing advertisements are everywhere, floating across various platforms, claiming that buying cars can make you rich or help you create wealth. Most people in Canada and the United States are acquiring cars through different means like cash payments, leasing, or financing. But here's an interesting concept: Infinite Banking. It rev...

Wealth Without Bay Street 203: How Soon Can I Stop Paying Premiums with Infinite Banking? In Canada, many people have been conditioned by their past experiences, knowledge, and behavior to perceive insurance as an expense. This often leads to the question: when can I stop paying for this expense?  It's a mindset we commonly have. But as coaches, our aim is to help people overcome this and realize...

Wealth Without Bay Street 202: Income Splitting Strategies for Couples in Canada Curious about how to split income with your partner or spouse? It's a question on everyone's mind, especially when the rules keep changing and it becomes a myriad of complications. People are eager to find ways to maximize their tax benefits.   Our good friend, Dan Allen, joins us to discuss the concept of income spli...

Wealth Without Bay Street 201: How to Melt Down Your RRSP: Case Study Looking for a strategy to handle a potential RRSP meltdown? We've got you covered! Our sample plan generally requires a time commitment of at least 6 years. In this real example we accomplished for client Peter, we helped him navigate the process of withdrawing $300,000, while ensuring all taxes are taken care of. The key here i...

Wealth Without Bay Street 200: 1st Episode of 2024 “New year, new me” is a thing of the past. How about a New Decade resolution instead? With a decade ahead of us, we have room for growth and forgiveness. Let's focus on gradual and steady progress towards our goals. Reflect on the past, decide what you want to leave behind, and envision all the amazing things that will accompany you on this journe...

Wealth Without Bay Street 199: Cracking The Health and Wealth Code At our company, we emphasize the importance of protecting not just your finances but also prioritizing your health as a valuable asset. Just as you rely on advisors to handle your money matters, having guidance for your well-being is equally crucial.  In this episode, we have Lisa Brooking, the CEO of Healthcode Medical Inc., joini...

Wealth Without Bay Street 198: 2024 Canadian Tax Changes, CPP And Economic Updates Simply put, inflation works as a sneaky tax on your income. It affects every dollar you make, ultimately reducing the amount of what you can keep. As Canadians, we are constantly burdened with punishing taxes, including some that are not widely known, that drain more of our hard-earned money. How can we fight back a...

Wealth Without Bay Street 197: Self Leadership: How To Achieve Becoming Your Own Banker If you find yourself complaining and feeling like a victim of the banking system, it's time to take charge and change the equation.  Mike Sambrook, the Principal of Brackish Consulting Group and an IBC practitioner, puts it perfectly: many individuals miss out on unlocking generational wealth simply because the...

Wealth Without Bay Street 196: How to Achieve Personal and Financial Sovereignty We are witnessing a concerning trend: federal authority is encroaching on the jurisdiction of the provinces in Canada. This limits the decision-making power that the provinces are entitled to under our constitutional rights.  In this episode, we have a conversation with Jay Martin, an investor and CEO, who highlights...

Wealth Without Bay Street 195: Using the Infinite Banking Concept to Reset Your Business What exactly does it look like to completely restart your life after 30 years and finding out that you're losing a business you've worked so hard in?  Well, our amazing client Laura Harkin has gone through this challenging experience, and she's here to share the valuable lessons she's learned.  From establishi...

Wealth Without Bay Street 194: How to Go Big to Give Big with Randy Molland At our core, we have a passion for GIVING and truly connect with Randy Molland's various endeavors that are dedicated to impactful causes we deeply care about.  Today, we had the amazing opportunity to sit with him in a heartening conversation, talking about his inspiration behind the GoBigToGiveBig movement, how he does t...

Wealth Without Bay Street 193: Gold Backed Banking: The Best Form of Insurance Heads up, Canada folks! It's important to stay informed about some concerning developments happening around us.  In this episode, we sit with Brett Oland as we talk about the latest 2023 budget, potential changes to federal matters and where credit unions hold an edge.  Brett shares insights into the challenges faced by...

Wealth Without Bay Street 192: Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole-Life Life Insurance Hey there! We're aware that many of you have been eagerly waiting for this reaction video.  Dave Ramsey has been contacted by people periodically who inquire or have some comment about the process of becoming your own banker, the Infinite Banking Concept. But the conversation...

Wealth Without Bay Street 191: Building Legacy: The Jim Sheils Journey As your finances start to grow, how do you ensure your family grows alongside you, too? The last thing we want to do is be a success in business and a failure at home, right?  Jim Sheils, a real estate investor and the amazing author of the #1 Wall Street Journal best-selling book, “The Family Board Meeting” totally gets it.  T...

Wealth Without Bay Street 190: Victoria Declares Whole Life Insurance Is A SCAM On this platform, we believe in sharing only honest and reliable information. Our ultimate goal is to help everyone effectively manage and safeguard their wealth and maximize the Infinite Banking Concept.  Unfortunately, there are individuals who refuse to accept the truth, even when we present it logically and back it...

Wealth Without Bay Street 189: What Are You Really Worth? “What Would the Rockefellers Do?” is one great read not just for advisors but for anybody who is looking to grow and protect their wealth for generations.  In this new episode, we sit down with the author himself, Michael Isom who invites us to think about how the concept of human life value is crucial here. Our worth as individuals and the...

Wealth Without Bay Street 188: Why Protecting Your Intellectual Property Should Be A Priority To bring fresh ideas and inventions to life – it requires time, money, dedication, and brainpower. Ensuring the security of your business starts with safeguarding your innovations and concepts right from the start.  In this episode, we sit down with Devin Miller, Founder & CEO of Miller IP Law to cove...

Wealth Without Bay Street 187: How to Prepare for Future Financial Windfalls When the inevitable occurs and death comes knocking, there's something called a death benefit that you should know about. This benefit is completely tax-free, comes in the form of large money, and Nelson Nash wisely referred to it as a future windfall.  So, we want to ask all of you: How well-prepared are you for the inev...

Wealth Without Bay Street 186: Whole Life Policy Design: What You Need To Know In Becoming Your Own Banker, page 38, Nelson Nash describes the attributes of a whole life policy that would be ideal for The Infinite Banking Concept. Unfortunately, most of us have been taught to see insurance as something we should contribute as little as possible to, while expecting maximum benefits from it. However...

Wealth Without Bay Street 185: What is an Infinite Banking Policy? There is no such thing as ‘Infinite Banking Policy.' You may hear this everywhere on the Internet. Statements such as “here is how to get yourself an ‘Infinite Banking Policy.' These are three words put together a lot that never should be.  Why, you ask? Because there's no such thing. Certainly, the call needs to be raised to our c...

Wealth Without Bay Street 184: Should I Use RRSP Matching? From the time Canadians land their first job, they're commonly directed to invest in the Registered Retirement Savings Plan (RRSP) as a savings strategy.  Interestingly, while it may seem that we're being nudged to place our money into this program by the people around us, the marketers, and the economic environment we live in – there's mo...

Wealth Without Bay Street 183: Learn, Earn, and Build a Legacy with IBC We absolutely admire working with individuals who approach life with respect, have strong family values, an active mindset, eagerness to learn, and openness to coaching.  One of our awesome clients, Thomas Eade, is a constant source of inspiration. He always finds a way to invest in furthering his own learning given the nature...

Wealth Without Bay Street 182: Invest In Your Most Valuable Asset Looking for unique ways to guard and grow your wealth, just like the top 1%?  Dave Wolcott suggests that Infinite Banking is one alternative wealth strategy you should definitely pay attention to.  This serial entrepreneur and ex-marine captain has come on board to discuss the major money concepts in his book “The Holistic Wealth St...