Listen to Real Life Canada market crash stories 2022 and learn how you can Protect Your wealth. Get the FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/
Wealth Without Bay Street EPISODE 121: In Wealth Without Bay Street EPISODE 121, Richard Canfield and Dan Allen share personal Canadian market crash stories they have each experienced from various market cycles. Dan reflects on his memory of the increasing interest rates in Canada during the early 1980s and a missed opportunity on oil company stock options.
Richard tells 3 warning tales of Canadian Real Estate market crashes that impacted him financially. How one property dropped in value almost ten times and negative cash flow and staging a coup for a condo board. The third tale is a warning for investors lending money on secured mortgages. Richard just barely squeaked out of a private second mortgage deal where all of his capital was at the risk of loss. Contrast all of that to the peaceful stress free nature of contractually growing cash values with The Infinite Banking Concept in Canada.
IN THIS EPISODE, YOU WILL LEARN:
0:00 Introduction
3:18 Flux of Change in the Market
5:44 Two Rules to Remember
7:54 Stock Market Crash in ‘08-’09
10:57 Investing Vs. Speculating
17:31 Learn From Successful Business Models
19:20 Dan Tells How He Lost Out on Company Stock Options
22:31 Richard Loses Money on a Rental Property
28:49 Richard Loses Money on a Land Development Deal
31:13 Richard Almost Loses Everything on a 2nd Mortgage Deal
38:09 Learning From Previous Mistakes
40:00 Do Your Homework Before Investing
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37. The True Need for Life Insurance Plus The Power of Infinite Banking
36. The Infinite Banking Wealth Consultant Who Started As A CPA
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34. Get #wokebynate and Control The Banking Function
33. The Four Characters in the Financial Play, The Bank Owner, Banker, Borrower and Depositor
32. The Fuel You Need To Reach Your Businesses Vision
31. What is The Perfect Investment? Infinite Banking For The Win!
30. Gaining Financial Freedom With The Infinite Banking Concept - Client Series
29. Nelson Nash’s Final Message For Infinite Bankers with Carlos Lara
28. Infinite Banking Concept And The Cashflow Ninja
27. The Infinite Banking Concept Suits Everyone - Client Series
26. CPA Solutions For A Business Owners Whole Life
25. Client Series - Embracing the Concept of Infinite Banking
24. Client Series - Five Years With The Infinite Banking Concept
23. Client Series - Experiencing The Power of Infinite Banking
22. The Power of Policy Loans
21. Real Estate Investing with Infinite Banking
20. Profit Is A Responsibility
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