Raising Private Money with Jay Conner
I’m Jay Conner, also known as the Private Money Authority. Did you know that as a real estate investor, you are missing out on 87% of the deals because you’re “not” leveraging private money? After two decades as an investor, I started the Raising Private Money podcast to help you unlock all the private money you'll ever need to fund your real estate deals - WITHOUT resorting to expensive hard money loans.
If you’ve ever lost out on a great off market deal because you lacked the financing, then you and I are kindred spirits. I’ve been there too, missing seller financed opportunities early on because I didn’t know any better.
On this podcast, we’ll walk through accessing private funding together. You’ll discover:
•How to position yourself to tap into flexible private money funding rather than restrictive, costly hard money loans
•Untapped funding sources like self-directed IRAs – and many others you may not be aware of
•Steps to build your own network of private lenders for repeat financing
I speak with wholesalers, flippers, rehabbers, and investors in every niche about where they were BEFORE private money, and how adding private money has EXPLODED their profits!
Whether you’re a new investor looking to quit your 9 to 5 job and finance your first deal or an experienced investor aiming to do more deals and generate bigger profits, private money is out there waiting for you.
You just need the right mindset, positioning and tools.
Visit JayConner.com to join me on this journey and fund your first (or next) deal. All the capital you need is closer than you think. Let’s get there together!
Raising Private Money with Jay Conner
Financial Freedom Simplified: Infinite Wealth Through Private Money and Real Estate
Welcome to another enlightening episode of Raising Private Money with Jay Conner. In this episode, Jay converses with Cameron Christiansen and Anthony Faso, founders of a groundbreaking company specializing in infinite wealth and banking strategies. They delve into innovative financial practices designed to construct sustainable wealth, particularly through real estate investing and private money. This post expands on their enlightening discussion, exploring the fundamentals of infinite banking, criticisms of traditional financial advice, and strategic approaches to achieving financial freedom through alternative investments.
Understanding Infinite Banking
Infinite banking is a cash management strategy, not an investment itself, but a foundation for wise investments. At its core, infinite banking focuses on where you store your capital. Traditional vehicles like savings accounts or 401(k)s are constrained by market volatility and regulations. Instead, infinite banking leverages specially designed whole-life insurance policies to offer safe, liquid storage for your cash.
Whole Life Insurance Policies as Financial Tools
Anthony Faso elucidates that these policies are not primarily obtained for their death benefits, although that's a component. Instead, they are structured to maximize cash value, ensuring liquidity and robust growth. The distinctive advantage here is the uninterrupted compounding of interest. Clients can access funds and even leverage against their policies, with the money continuing to grow at a tax-free rate of around 4% annually. This method offers a secure, flexible way to manage and grow capital compared to locking funds in a 401(k) until retirement age.
Critique of Traditional Financial Advice
1. Passive Income Generation
Cameron Christiansen criticizes typical retirement vehicles like 401(k)s and IRAs for being ineffectual in generating passive income. He emphasizes the necessity of learning the skill to create passive income now, rather than delaying it until late in one’s career. Traditional financial planning often leads people to park their money in stocks, bonds, or mutual funds, with no focus on real-time income creation. By contrast, infinite banking teaches clients to generate cash flow through business ventures or real estate investments.
2. Dependency on Financial Advisors
Traditional financial advice tends to create "lemmings," individuals who follow advisors blindly without understanding the intricacies of their financial decisions. Anthony and Cameron stress the need for financial education. Relying too heavily on advisors can lead to disastrous financial outcomes, especially during economic downturns. Infinite banking, on the other hand, empowers individuals by providing the knowledge and tools to control their financial destinies.
3. Lack of Education and Control
One of the principal criticisms highlighted is the lack of financial literacy imparted in traditional advising. Many advisors advocate for clients to hand over their money with little to no explanation of the underlying strategies. This breeds a lack of transparency and understanding. Cameron strongly believes that everyone is capable of managing their finances, given the right education and tools. Infinite banking focuses on empowering clients with the necessary knowledge to make informed financial decisions.
Strategies for Financial Freedom Through Infinite Banking
1. Reallocating Funds from 401(k) Plans
Both Cameron and Anthony share personal anecdotes about transitioning their funds from traditional 401(k)s to policies. Cameron speaks to the uneasiness and lack of control associated with 401(k) investments, advocating for reallocating these funds into a more flexible and potentially lucrative vehicle like a whole-life policy. Anthony