Becoming Your Own Banker with Nick Kosko
Have you ever thought there was more to the financial world than simply traditional stock market investing? Nick Kosko shares his story of searching for more, finding strategies that made sense and putting them into action!
Listen to us On
About the Episode
LifeBlood: We talked about becoming your own banker, wanting solutions outside of traditional stock market investing, being a good steward of your money, and finding financial freedom.
We discussed Nick’s career path flying 747s all over the world, getting laid off and exploring new options and alternatives, learning about passive income and tax strategies, and voraciously consuming as much new learning as he possibly could.
We talked about discovering Infinite Banking and becoming fascinated by it, learning and putting into practice, and learning how to effectively leverage money to purchase real estate and make other investments.
We discussed the important distinction of “who” versus “how,” how to fail forward, the importance of digging deeper and going beyond surface knowledge, and why you should always ask yourself “compared to what?”
We talked about the value of mentorship, figuring out what you want to do and finding someone who’s already doing it with Nick Kosko, Economic Strategist, former commercial airline pilot, who’s focused on creating financial freedom through investing in opportunities outside of the traditional places.
Listen to learn why it’s important and worthwhile to dig deeper into any subject matter or area of life that you’re curious about or confused by!
For the Difference Making Tip, scan ahead to 17:27!
You can learn more about Nick at CreateTailwind.com, Facebook, YouTube and LinkedIn.
Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.
You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected].
George Grombacher
Lifeblood Host
Nick Kosko
Guest
More Episodes
What Gets Measured, Gets Managed: How to Create Financial Systems
In personal finance as well as corporate, what gets measured, gets managed. CFOs handle the finances of their organizations, and there are many stakeholders who rely on their data and insight. They look back at historical results, as well as plan and forecast...
How to Set and Keep Your Financial Priorities
Because money plays such an important role in our lives, we must establish clear financial priorities. While money won’t bring us happiness, a lack of money can most certainly bring stress and anxiety. It’s also really hard to think about the big picture and to...
A Practical User’s Guide to Qualified Accounts
Qualified accounts are the primary way we save for retirement but it wasn't always that way. In 1875, the American Express Company developed the first private pension in the United States. Prior to that, the military and government had been providing pensions since...
How Much Cash on Hand Should you Have?
A rule of thumb for both businesses and individuals is to have at least three to six months’ worth of expenses in cash on hand. For a CFO (Chief Financial Officer), cash can be as important as profit. Without cash, business operations won’t be able to...
Saving and Investing Like a CFO
Saving and investing are two of the most important things we do with our money. There’s a lot we can learn from how Chief Financial Officers (CFOs) do it. It’s a CFOs job to invest corporate assets (or decide not to). They must manage today’s financial needs and...
Taking a Business-Like Approach to Your Time Horizon
The Securities and Exchange Commission defines time horizon as, “Your time horizon is the number of months, years, or decades you need to invest to achieve your financial goal.” You and I have enough time to do most everything we want. But we don’t have time to waste....
A Business-Like Approach to the Financial Planning Process
Taking a business-like approach to the financial planning process can help get you where you want to go with money. Having the right strategy and planning are integral to the success of a business. The CEO works to set the organization’s goals, decide on the...
How to Decrease Overhead and Increase Profit in Your Personal Finances
Businesses and individuals alike are always interested in improving their bottom line. It can be accomplished in many ways, but focusing on decreasing overhead, and increasing profit are excellent starting points. For businesses, revenue minus costs equals...
How to Build Your Financial Foundation
To become successful, you need a strong financial foundation. To do that, there are a lot of financial best practices individuals can borrow from an organization’s CFO. A CFO stewards the assets of an organization, accessing and reducing risks, maintaining...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!