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
Personal Responsibility: How To Get More In Your Life
I recently had the pleasure of having Jamie Lerner on the LifeBlood podcast to talk about personal responsibility and how we can get more of it in our lives. You can find her episode here. Jamie shared some of the wisdom she’s learned over her career as a...
Our Favorite Quotes About Dignity and How You Can Apply Them in Your Life
Dignity is “The quality or state of being worthy, honored, or esteemed.” Wikipedia defines it as “is the right of a person to be valued and respected for their own sake, and to be treated ethically. It is of significance in morality, ethics, law and politics as...
How to Have a Greater Sense of Personal Responsibility by Taking Personal Initiative
How often do you see something and think “how is that happening?” or “why is that the way it is?” When you look at your community, is there anything you’d change? Here’s the thing; you’re the right person to make those changes. You’re the right person to...
A Family Trust: How to Get Your Estate Plan Done without Breaking the Bank
The family trust has been a powerful estate planning tool for a long time. The need for what trusts do came about in the 12th century, and family trusts have been used for a long time as well. Over a century ago, Frank Mars (candy bars) created a trust which had the...
Get Good with Money: Five Things you Can Start Doing Right Now While Still Enjoying Coffee
I love getting coffee. I mean, I really love it. Sure I love coffee itself, but there’s something about the action of going into the coffee shop, the whole experience of it I’m super into. I haven’t dug into why I like it so much, I just know that I...
Get Out of Debt by Avoiding Comparison
Teddy Roosevelt famously said, “Comparison is the thief of joy.” Another related well-known quote is, “Too many people spend money they haven't earned, to buy things they don't want, to impress people that they don't like.” It’s a very human thing to...
How to Get Financial Peace of Mind
Merriam-Webster defines peace of mind as a feeling of being safe or protected. What does having peace of mind mean to you? When I start feeling overwhelmed, stressed out, anxious, or a combination of all of them, I think about the Serenity Prayer: God, grant me the...
How to Find Your Old 401k and Roll it Over without Paying Taxes or Penalties
Old 401(k)s. Odds are, you probably have one. Maybe it’s an account at a job you had for six months and there’s $1,000 in it. Or maybe it’s from a previous career where you were at the company for 10 years and there’s a $100,000 balance. Either way,...
How to Catch Up if You Don’t Have Enough Saved for Retirement so You Don’t Have to Move in with Your Kids
All kidding aside, you moving in with your kids isn’t an attractive scenario for you, or them. A top concern for many Americans is not having enough money saved for retirement. If that’s true for you, I’m going to get you moving in the right direction so...
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!