Nelson, Nelson Nash Institute, Mike discussed on Life Success

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System <Speech_Male> and <Speech_Male> giving it time to do what <Speech_Male> it needs to do a job. <Speech_Male> Even though <Speech_Male> you're pulling out <Speech_Male> living expenses <Speech_Male> <Speech_Male> pulling out income. <Speech_Male> It's still <Speech_Male> growing and <Speech_Male> compounding <Speech_Male> and so the question of <Speech_Male> and I find <Speech_Male> this with a lot of my clients <Speech_Male> that are fifties or <Speech_Male> sixties their biggest <Speech_Male> concern is they're going <Speech_Male> to run out of money <Speech_Male> in retirement. <Speech_Male> <Speech_Male> Well in this situation, <Speech_Male> they never have <Speech_Male> to worry about running <Speech_Male> out of money. No, <Speech_Male> no that <Speech_Male> lets you sleep pretty well <Speech_Male> at night. It does <Speech_Male> suck. Okay, <Speech_Male> so that's tax-free <Speech_Male> retirement. How about <Speech_Male> the fourth thing? <Speech_Male> I B C does <Speech_Male> that is tax-free <Speech_Male> wealth <Speech_Male> transfer <Speech_Male> <SpeakerChange> powerful. <Speech_Male> It's <Speech_Music_Male> gigantic. <Speech_Male> You know, when <Speech_Male> when you think about <Speech_Male> some of the <Speech_Male> the wealthy families <Speech_Male> they've continued <Speech_Male> to do this for generations <Speech_Male> for literally <Speech_Male> for hundreds <Speech_Male> of years, but <Speech_Male> what <Speech_Male> we're trying to show people <Speech_Male> is <Speech_Male> This <Speech_Male> life insurance policy <Speech_Male> that they put together <Speech_Male> even though we're <Speech_Male> able to use it along <Speech_Male> the way <Speech_Male> what we're doing <Speech_Male> is we're guaranteeing <Speech_Male> that they're going <Speech_Male> to be able to direct <Speech_Male> a hundred percent <Speech_Male> <Speech_Male> off of the direction <Speech_Male> of that money <Speech_Male> <Speech_Male> <Advertisement> through <Speech_Male> this wealth transfer. <Speech_Male> <Speech_Male> It's <Speech_Male> pretty unbelievable <Speech_Male> makes me think <Speech_Male> of Nelson's <Speech_Male> number one principle <Speech_Male> and that <Speech_Male> is think long-term <Speech_Male> think long-term <Speech_Male> brother. Yeah. So <Speech_Male> when you when you talk <Speech_Male> about think long-term, what <Speech_Male> do you thinking? <Speech_Male> I'm thinking of grand <Speech_Male> kids. I'm thinking of my great-grandkids. <Speech_Male> <Speech_Male> So <Speech_Male> literally <Speech_Male> when we when we <Speech_Male> go to work with families, <Speech_Male> we're talking about <Speech_Male> two and <Speech_Male> three generations <Speech_Male> from now. Yeah, <Speech_Male> and when you're <Speech_Male> thinking of like that <Speech_Male> you're going to be able <Speech_Male> to create <Speech_Male> a wealth transfer <Speech_Male> that people <SpeakerChange> won't <Speech_Male> believe as possible, <Speech_Male> you <Speech_Male> know, one of the things <Speech_Male> that that <Speech_Male> I learned at this <Speech_Male> last <Speech_Male> Nelson Nash Institute <Speech_Male> full tank <Speech_Male> was was the phrase <Speech_Male> rags <Speech_Male> to rags and three <Speech_Male> generations <Speech_Male> and <Speech_Male> what that means <Speech_Male> for <Speech_Male> the listeners is <Speech_Male> that that one generation <Speech_Male> Works their tail <Speech_Male> off and they build <Speech_Male> some life <Speech_Male> <Speech_Male> gets transferred On <Speech_Male> to the Next Generation. <Speech_Male> But by the time that <Speech_Male> Wells gets transferred <Speech_Male> to the to the third <Speech_Male> generation <Speech_Male> it's gone <Speech_Male> and the problem <Speech_Male> in that is <Speech_Male> the knowledge. <Speech_Male> Has not <Speech_Male> been passed on for <Speech_Male> one radish into <Speech_Male> the next <Speech_Male> one of the things that <Speech_Male> we do at life success <Speech_Male> and Legacy <Speech_Male> is that we work with <Speech_Male> Generations <Speech_Male> within families. <Speech_Male> So that <Speech_Male> not just <Speech_Male> the initial generation, <Speech_Male> but future <Speech_Male> Generations <Speech_Male> <SpeakerChange> are learning <Speech_Male> how this works. <Speech_Male> We want to yeah, <Speech_Male> we want to sit down with <Speech_Male> families and <Speech_Male> we want them to understand <Speech_Male> that when <Speech_Male> they hand that baton <Speech_Male> off that has to <Speech_Male> do with <Speech_Male> everybody <SpeakerChange> knows <Speech_Male> what's going on. <Speech_Male> That's right. That's right. <Speech_Male> So <Speech_Male> <Speech_Male> those are <Speech_Male> that's really kind <Speech_Male> of the big the big <Speech_Male> picture for things <Speech_Male> that infinite banking <Speech_Male> can do <Speech_Male> them. Obviously <Speech_Male> there. There's a lot <Speech_Male> more education that <Speech_Male> goes into this Nelson's <Speech_Male> book becoming <Speech_Male> your own Banker <Speech_Male> is available <Speech_Male> on our website <Speech_Male> <Speech_Male> at life success legacy.com. <Speech_Male> <Speech_Male> And <Speech_Male> we may I encourage <Speech_Male> everyone to read <Speech_Male> it. <Speech_Male> This <Speech_Male> is just the beginning that <Speech_Male> book is a ten-hour <Speech_Male> course of instruction. <Speech_Male> Our <Speech_Male> boot camps that we do <Speech_Male> are typically about <Speech_Male> three hours long <Speech_Male> and <Speech_Male> we off Have those <Speech_Male> <Speech_Male> both through web <Speech_Male> conferences <Speech_Music_Male> as well as live <Speech_Music_Male> around <Speech_Music_Male> in different regions <Speech_Music_Male> <Speech_Music_Male> Mike. Thanks for joining <Speech_Music_Male> me. Thanks, Chris. <Speech_Music_Male> Look forward to our next <Speech_Music_Male> conversation <Music> you back from Gridley. <Music>

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