Infinite Wealth Blog
Where Should You Be Saving?
Once upon a time, people saved their emergency money in mattresses, coffee cans, and even buried in the backyard. This was at a time when inflation was low, so your money wasn’t really losing value just by sitting (though it wasn’t earning either).
Today, inflation is so high you’re almost losing money when you let it sit doing nothing. Gone are the days when storing your emergency or opportunity money in the house was a viable option.
Trusting Your Intuition in Finances
You may not think of intuition as a key component of your financial planning. However, I’d like to propose that it’s essential. This is because so many of the choices people have to make financially can actually be antithetical to our intuition and what seems like “common sense.”
Use your intuition to answer this: Would you rather pay taxes on the seed or the harvest? I expect you would intuitively know that the harvest is more plentiful (and more immediately useful to you) than the seed. Why would you want to pay taxes on a larger portion?
Being Trusted and Trusting
To learn requires trust and humility, especially when you already have several decades of experience on this earth. It’s not easy to receive new information, and potentially even replace a worldview that you held onto. And yet, by admitting that there are things you don’t yet know, and you have more to learn, you allow room for even better experiences to unfold in your life.
Passion is the Path
How do you know you’re on the right path? There’s so much to see and do in life, and it can be difficult to know what road to follow. It gets especially muddy when you consider the advice of others who have gone before you.
The reality is that there are an infinite number of careers you can do, just as there are a million tools you can use to be successful. And it doesn’t matter what anyone else says when it comes down to making a choice.
What is Banking, Really?
What is the purpose of a bank?
What most people know is that it’s a place to store money, as well as a place to secure financing. This is certainly true, but beneath that, there’s another thing banks do that make them so powerful: they’re leveraging other people’s money. And this is how the banks make money. You deposit cash, which they lend out to patrons at a percentage.
This enables banks to make money without using any of their own capital.
What if you could control the banking function yourself? Not only would you have a place to store, save, and secure financing… you’d also have a place to leverage other people’s money while yours continues compounding.
The Power of Grounding
I recently watched a fantastic documentary called “The Earthing Movie,” which shared the healing power of being grounded to the Earth. When you ground yourself, you have barefoot contact with the ground beneath you, be it dirt or grass or otherwise. The idea is that the Earth actually emits a frequency that’s good for us, and by being indoors or wearing shoes all the time, we’re disconnected from us. The Earth has everything we need to be healthy, if we just tune in.
I feel this way about life insurance, if you’ll indulge me. The life insurance companies have everything needed to be financially grounded.