Hey guys, I just wanted to jump in here as this may be the longest podcast that I've ever done to date with Denzel Rodriguez. We talked about a lot of things: we talked about a story, we talked about velocity banking, we talked about infinite banking, we discussed some misconceptions of infinite banking, and even at the end of the podcast, you'll see where he and I disagree on some things. But I feel like your IQ will increase by just hearing the different versions and ways of speaking.
I wanted to share this because on our blog and YouTube channel, we'll split some of these into shorter elements like velocity banking, what he's talking about with leverage, and whether you should run your expenses through your infinite banking policy. We'll chop that up so it's easier to consume. I was thinking, should we put this long podcast and long-form interview up, and the answer is yes. Some of you will want to watch the whole thing and some will wait to see the shorter videos.
With that, I just wanted to thank you so much for all the amazing comments, questions, and support. We're continuing to make videos on personal finance, insurance, and business to help you live more intentionally, and we're just super grateful for your support.
Welcome to the show, Denzel! I'm glad you're on and honored to have you on my YouTube channel and podcast.
This is an honor and a privilege to have had the opportunity to meet you in person and now we're collaborating for the first time. I really look forward to future partnerships down the road, so I'm happy to be here
Between you and me, we're open books, and we'll go anywhere. You're very much out there, with over 40,000 subs on YouTube, talking about velocity banking, infinite banking, and kingdom building. What I love about your style is your honesty and authenticity.
Before we jump into infinite banking, why life insurance? What is velocity banking? That's something I'd love for you to articulate to our audience. So let's start with this: what key elements in your life made you who you are today? This YouTube channel didn't happen by accident; you put a lot of time and energy into it.
Some key details and key experiences I had, just going back to the start of the YouTube channel, started in August of 2018. I began recording videos on my commute to and from work. The path was nontraditional: after high school, my options were college, military, or figuring it out on my own because I hadn't gotten accepted into any colleges. The military didn't feel right, and a sense of fear stopped me from pursuing it further. So, I decided to figure things out on my own.
Soon after deciding this, I received a call from a marketing company named Vector Marketing, which sells Cutco knives. The excitement I felt from the team was infectious, and it turned into an empowering experience of learning sales, networking, and the importance of follow-ups.
Fast forward to 2017, I discovered the name of the concept, "velocity banking," practiced by Mormons and adopted from Australia. It clicked, as it correlated with the financial mindset I’d adopted on my own.
When breaking down infinite banking, it’s critical to see it as a safe, secure financial vehicle. It’s not an investment but a strategic asset, guaranteeing liquidity, preserving value, and offering tax benefits.
Infinite banking should be part of your financial strategy but not something that’s the solution for everyone. I've learned to appreciate the opportunities where the strategy of infinite banking aligns perfectly, emphasizing the importance of understanding the nuances and learning through experiences.
I encourage everyone watching this to dive deeper, verify facts, and learn continuously. Connect with us, ask the tough questions, and together, we’ll navigate the complexities of finance.
Thank you for tuning in, stay abundant, and keep learning!