McGuire Wealth Management

Your Own Banking Reserves - The Bankers’ Secret #103

October 24, 2020 Glen P. Zacher CFP Season 1 Episode 3
McGuire Wealth Management
Your Own Banking Reserves - The Bankers’ Secret #103
Show Notes

Join Glen Zacher, CFP with his guest  Bruce Bowie.

All of a sudden you see that this could grow, and they talked about dividend paying as well and Kevin O'Leary has a book out, writing some of his principles in investing, and he talks about that you don’t want to invest in anything that doesn't pay a dividend.  

There is really a change in your thinking when you get into this process of being your own banker. I mean, at first I thought it just sounded ridiculous how can you have the reserves to open your own bank, knowing my own reserves, and they talked about the participating dividend paying whole life insurance policy and you've come to realize you're not the only one paying into this, that there are other people doing this so there's a good reserve there.

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The Bankers' Secret by Glen Zacher, CFP & J Lowe (Book and/or Audio) 
Becoming Your Own Banker by R. Nelson Nash (Book and/or Audio) 
The Case for IBC by Robert Murphy, Carlos Lara & R. Nelson Nash 
Lots more books to review. 

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