How do you build wealth?

Most people live in fear of losing their steady paycheck. They cling to the illusion of job security, focusing on their retirement accounts and hoping the markets will take care of them. After spending years in the military, we learned that the "safe" path isn't actually safe.

In today's episode, we explore why investing in yourself is the highest-returning asset you'll ever own. True security doesn't come from your employer or your 401(k) - it comes from constantly expanding your skills, knowledge, and network.

We dive deep into why cutting expenses isn't enough, why surrounding yourself with growth-minded people matters more than ever, and how to think differently about personal development in 2024. Most importantly, we share practical strategies for shifting from an employee-to-owner mindset.

Your skills and capabilities are the foundation of everything else in your financial life. So why focus solely on market returns when investing in yourself could yield far greater rewards?

• Investment in You Over Markets: The smartest investment isn't in stocks or bonds but in yourself. Spending money on coaching, education, and skill development often yields far greater returns than traditional investments. The focus should be on growing your capabilities and value rather than just seeking market returns.

• The Power of Strategic Networks: Your network determines your growth potential. Surrounding yourself with growth-minded individuals while removing "energy vampires" is crucial for success. Building relationships with experts, joining masterminds, and investing in professional connections create compound returns in knowledge and opportunities.

• From Employee to Owner Mindset: The "safe" path of traditional employment is becoming increasingly risky. True security comes from developing valuable skills, building multiple income streams, and taking ownership of your financial future. This means shifting from seeking stability to pursuing growth and from depending on institutions to creating your own opportunities.

• The Value Creation Formula: Growth comes from constantly expanding your capabilities and finding ways to create more value. Instead of focusing on cutting expenses, prioritize increasing your earning power through skill development, strategic relationships, and continuous learning. Your earning potential is limited only by your willingness to invest in yourself.

Got Questions? Reach out to us at info@remnantfinance.com

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Most people think they're in just one business - their job. We’re also all taught that success comes from working hard at a job, earning a paycheck, and saving for the future.

But here's the thing, whether you realize it or not, you're already in the banking business. Every time money moves through your life - paying bills, making purchases, saving for the future - someone is profiting from that flow of capital. Usually, it's the banks.

What if it could be you?

In this episode, we dive into why you should run your household like the enterprise it is while building your own family banking system.

Think about it - your day job exists for one reason: to support your family's well-being and future. So why let other institutions capture all the financial benefits from your hard-earned money?

• A Man’s Two Businesses: Every man should focus on two core businesses: his primary vocation, which provides income, and his "banking business," which involves managing personal and family capital. By controlling the flow of money through IBC, families can capture financial benefits typically earned by banks, ensuring long-term financial security and independence.

• The Home is the Ultimate Business: Your home isn’t just where you live; it’s the most important business you’ll ever run. The household is the ultimate enterprise; Every job you take or decision you make should work toward securing your family’s financial stability. Treating your household like a business means planning ahead, protecting what matters, and prioritizing your family’s future.

• Family Banking System: Why borrow from a bank when you can be the bank? By setting up a family banking system with whole life insurance policies, you can fund major expenses like cars or college while keeping the profits in your own family. It’s about building financial independence and creating options for your loved ones.

Got Questions? Reach out to us at info@remnantfinance.com

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If you’re a parent chances are you’re constantly thinking about securing your children's future.

Traditional financial planning for kids usually stops at college savings. But what if you could build a financial fortress that grows for generations? Enter children's whole life insurance – These policies offer a unique combination of guaranteed growth, tax advantages, and flexibility that can create lasting generational wealth.

We get into how these policies work, why they outperform traditional college savings plans, and most importantly, how they can create a legacy of financial independence that spans centuries.

• Foundation of Family Banking: Children's life insurance policies enable generational wealth starting 14 days after birth. Immediate cash value builds tax-free through compound interest. Insurance companies require equal coverage between siblings to prevent any incentive disparities, with coverage typically limited to 50% of the parents' existing policies. The resulting pool of capital becomes a flexible financial foundation - accessible for education expenses, business ventures, real estate investments, or any other purpose without restrictions or penalties. Unlike traditional savings vehicles, these policies combine immediate utility with long-term growth potential, creating a financial legacy that can span generations while maintaining full access to funds throughout the child's life.

• Strategic Advantage Over 529 Plans: Life insurance policies maintain growth even when borrowed against - a key difference from 529s which stop growing when withdrawn. No market dependency or educational use requirements. Death benefit included. Invisible on FAFSA applications. Offers privacy and flexibility 529s can't match.

• Multi-Generational Impact: Creates century-spanning financial independence for descendants. Requires careful trust structuring and family constitution development. Protects future generations from economic pressure, enabling principle-based decisions. Success demands meticulous planning but impacts great-grandchildren and beyond.

• Critical Financial Education Component: Parents must actively teach capital management and banking principles traditional schools ignore. Knowledge transforms inheritance from potential burden to growth tool. Combines financial wisdom with family values. Creates capable wealth stewards prepared to expand legacy. Education proves as valuable as the wealth itself.

Got Questions? Reach out to us at info@remnantfinance.com

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Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)

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