Interview with R Nelsson Nash

One of my favorite interviews to date and one of the greatest pleasures I've ever had was actually sitting with R Nelson Nash, the creator and founder of becoming your own banker. The person who has impacted so many people as it relates to how they think about life insurance. You'll hear him talk about Parkinson's Law, the importance of imagination, and his biggest advice, which was more profound than I anticipated.

You can see Nelson Nash's final words to me on the last interview I had with him. I hope you enjoy it. We'd love to hear your biggest takeaway from R Nelson Nash, whether it's something from this interview or from his book. Our practices at BetterWealth have been greatly inspired by him.

Importance of Imagination

 "Imagination is more important than knowledge or ability." - Einstein

Nelson Nash emphasizes the importance of imagination and mentions that most people's imagination is underutilized. He draws examples from historical figures like Einstein, Edison, and Walt Disney.

Understanding Parkinson's Law

 
• Work expands to meet the time allowed.
 
• Expenses typically rise to match income levels.
 
• People often confuse wants with needs.

Nash also discusses how learning to live simply and truly understanding one's needs versus wants is crucial. He stresses that changing the way you think is key.

Final Advice from Nelson Nash

When asked to give one piece of advice, Nash stated:

 
1. Identify who leads your life — and it should be Jesus Christ.
 
2. Determine what you want to accomplish and find what you are truly hungry for.

Nash shares an anecdote about influencing a high school student who was unsure about college. His message is that hunger for knowledge and growth is essential.

Conclusion

Nelson Nash's book, Becoming Your Own Banker, is recommended for reading with an open mind. It can truly change your life if you are eager to learn.

Thank you to Nelson Nash for his wisdom and influence on our practices at BetterWealth. God bless.