Ready to rethink how you grow and protect wealth? Join host Bronson Hill and co-host Nate Hambrick for a dynamic conversation with Jim Oliver, a financial veteran who’s been leveraging infinite banking since the 1980s to buy dozens of businesses. From a challenging childhood in foster care to managing $700 million as a financial planner, Jim discovered the power of cash flow through real estate and business ownership. Now, as the founder of a thriving community at CreateTailwind, he teaches others to use whole life insurance policies to borrow tax-advantaged funds for investments. In this episode, recorded in April 2025, Jim shares how he acquired a business for just $75,000 using an insurance policy, turning a $400,000 profit in months.
Learn the mechanics of infinite banking, pitfalls to avoid, and why keeping money in motion is key to financial freedom. Whether you’re a real estate pro or business owner, Jim’s strategies will inspire you to unlock new opportunities!
Get my new book: https://bronsonequity.com/fireyourself
Full Transcript:
Bronson Hill: All right, all right, welcome to the Mailbox Money Show.
I’ve got my co-host with me today. I’ve got Nate Hambrick.
How’s it going, Nate?
Nate Hambrick: It’s going well.
Bronson Hill: Good, man.
Good. I love talking about things that are a little bit outside of my wheelhouse, but people are doing to really generate and grow wealth. And I know in your book, The 18 Laws of Leverage, you talk a lot about this, right?
Using other people’s money, finding ways to shelter it. I guess, have you looked into infinite banking before? What’s kind of your experience with that?
Nate Hambrick: Absolutely. Infinite banking is one of those things that sounds fake the first time you hear about it, and then 15 friends later, and the wealthiest people you meet are doing it, and then you’re like, I should probably actually learn how this thing works. So, I’m blessed to have many friends that have been doing infinite banking for a long time.
And, yeah, this is going to be a great podcast.
Bronson Hill: Yeah, I got to be honest. I looked into it pretty heavily about four or five years ago, and because I’m a real estate professional, I basically don’t pay any taxes anyway, very little taxes. It didn’t seem to make sense for me at the time.
But the idea you can use it as collateral, you can use it to go buy businesses, which our guest today, Jim Oliver, has done that, but buying dozens of businesses for a long time. And so, I’m excited to kind of get in and jump in and see some of that. So, it should be a good conversation.
So, awesome.
Well, let’s welcome the show. We’ve got Jim Oliver here.
Jim, super excited to chat with you. I just done your podcast recently. You’ve got an amazing community, amazing people that you’re connected with, and you’re doing it.
You’re somebody who’s been doing it for really since the 80s. And so, you’re an OG, man. You’ve been around for a long time.
You also have no hair like me. So, I say as we get older, we just get better looking and that kind of thing. So, how are you doing, man?
Jim Oliver: I’m doing great.
You know, I always say you’ve got to be really good looking to shave your head. But, you know, if I had a hair like Nate, I don’t think I would shave my head. So, well, there’s a saying.
Bronson Hill: We say that God made only so many perfect heads and he covered the rest with hair. So, we say that to feel good about ourselves. And, but then, that’s why somebody’s bald and they really, they should have had hair because they just have some big weird thing on their head or something, which everybody does what they have to do.
So, but you look good, my brother. You look good.
Jim Oliver: Thank you. You got that smooth head. That’s what you need, right?
Bronson Hill: Yeah, exactly. Exactly. So, so let’s talk a little bit about just once you give us a little bit of your background, your story, just give us like the, the two minute version or a minute two version, just about how you got doing what you’re doing.
And obviously you didn’t start out doing this. So what did you, how’d you kind of get here?
Jim Oliver: Yeah. So, man, I started, I started off, I was obsessed with money as a teenager. I grew up very poor.
I was homeless at one point time, grew up in foster care till I was seven. And so I was fascinated with money because we didn’t have any, right? I was, I loved money because I didn’t have it.
And so what I did is I went to school. I got a job as a financial babysitter. I mean, a financial planner and I thought that’s how I’m going to do it. Right.
And, you know, it was a rough start because I talked like a kid from the inner city and, and so doctors and attorneys and people like that, they didn’t want to talk to me, but I found my people in the blue collar millionaire space and it was the welding shops, the plastic formation places. And I had worked as a kid in a casket factory swinging a hammer at 13.
So these were like my people, right? And I also learned that when you own the business, you own the asset. When you work in the business, you are the asset. And so like, I learned a business from all of these guys.
They were, they wanted to talk to me. Nobody was calling on these guys for financial planning. Right.
And so I built a business of $700 million under management. And back in the day, we were charging way too high fees. We were charging 1%.
So it was a good gig. I thought, Hey, I got it made. I’m, you know, 30, whatever years old.
This is easy. And then one day I got this, a report and it said that all my people on this one platform were getting 9.38% rate of return. And I thought, I got money in that that didn’t grow by 9.38%. So I did all the math and after fees, expenses, taxes, everything else, it was like 4%. And I thought, wait a minute, the math doesn’t work.
So that’s how I got to like, wait, I know all of this stuff about just going to lunch with these guys, having a beer, having coffee. I know all this stuff about running a business and all of my people that have made the most money, they made it in just two areas, the real estate business, cause if you’re a real estate investor, you’re in the real estate business and running businesses, other kinds of businesses. That was it.
There was no other, no other person, no one created a fortune in Wall Street.
Bronson Hill: Yeah. So I just want to stop you there for a second. There’s so many things you shared, that we can touch on. But, first of all, I want you to go back to kind of like the origin story where you said, you know, I learned about money cause I didn’t have money and I kind of had to, and I can relate with that.
I remember I worked paper outs when I was a kid, my, my best friend and I, we would go through the newspaper recycling bins to find the free McDonald’s monopoly coupons so we could go get free extra value meals. It was, we thought we were great. Right.
But like, I just, you kind of learn where you kind of do what you have to do. You know, single family, four kids, single parent family, four kids, and you just kind of figure out what you have to figure out, but so you, you were really eager to learn. Did you have any mentors along the way that really helped you along the way or how did you get started with that?
Jim Oliver: You know, nobody that, nobody that knew they were my mentor. I mean, like if I were on something and I saw those four books behind Nate, I would just, and the book behind you. I which your book is on my coffee table over here. After you came on my podcast, I bought your book and I buy everything.
I read everything because I’ll tell you a lesson that I learned is a janitor. I used to run the gold’s gyms back in the day in Kansas city and a guy that cleaned the clubs at night. I took him to McDonald’s or something for coffee.
And he said, here’s one thing that’s made me successful. Now he was the janitor, right? And he said, if you read an hour a day in six weeks, you’ll be an expert on whatever subject you’re reading about.
And I don’t even know if that’s true, but 18 years old, it implanted in my brain. I started reading an hour a day, everything that I can get my hands on.
Bronson Hill: Yeah. That’s the, yeah. I, I, last year I finished 90 books.
I’m actually at 38 books. They’re recording this in April. So I’m hoping for a hundred this year.
But, uh, Nate, why don’t you talk about, just leveraging learning and some of the leverages there that he’s talking about.
Nate Hambrick: Well, that’s actually the first law of leverage in the 18 laws. Leverage is stand on the shoulders of giants. Cause just like you said, Jim, you can learn so much from the wealthiest, smartest, wisest people on the planet.
I really do think it’s hilarious how many times myself included, by the way. So I’m preaching in the choir here, how many times we try to figure things out or develop our own system. When every single problem that has been solved for the most part has been documented and something you can buy it, you know, Amazon for 10 to $15.
And so, much like yourself in Bronson, I try to read at least 60 books all the way through, and then I’ll skim another hundred, 200 bucks. We’ll just grab little pieces from each book. And it’s amazing how quickly you can exponentially grow your wealth and impact doing so.
So, I was curious cause I know you buy a lot of businesses and, I know you buy real estate and that kind of stuff. What are some of your favorite businesses or things that get you excited to invest in these days?
Jim Oliver: So what I’m really excited about, I’ve got some crypto businesses and I’d like to tell you, I’m excited about those, but those are like, kind of swinging for the fence, a little bit. And I’m a Bitcoin purist. So I’m like Bitcoin and we have companies that mine Bitcoin and we used to mine Ethereum, uh, 2017 to whenever a few years ago.
And so we have those companies and we put, we put the miners in shipping, like shipping trailers or what am I trying to say, not compartments.
Bronson Hill: Yeah. The big shipping containers.
Jim Oliver: And so we put the computers in there. We can take them anywhere where, where electricity is cheap, right? So we do stuff like that, but the companies that I really like, I have a company that refurbishes electronics and we do TV soundbars.
We do it for companies like Visio and other companies like that. There’s only four companies that build TV panels in the world. And one of them is owned by the Chinese government.
So there’s really three. Xylex is a big one. That’s one of our biggest client.
So we do that and in that company, I can share how I bought that company because I basically bought it for nothing. If you want to hear it. So this company, it was called, well, I won’t guess I shouldn’t say what it was called, but it was kind of like eBay for big ticket items.
So like, if you were going to go pay $5 million for a piece of equipment, they got a, they would vet you so that you could bid on that. Right. Great company.
But then they own this little company that refurbished TV, soundbars, all of that. And they wanted to get rid of it. Right.
Because they had a $50 million PE infusion and it didn’t match in their business plan. It was just like, what is this? So they wanted $3.3 million for the, for the business. And I said, okay, I’ll buy the business 3.3 million. I want to do it on an earn out basis. It was doing $16 million of revenue a quarter.
I’ll give you 20% of the increase of that sick from that 16 million. Right. So, they said, Oh, that’s worth 20.
You know, we should be doing 25 million. I said, no problem. I believe you, I’ll give you 20% of that.
By the way, if you solve this company, the big company in the next three to five years, which I knew they were going to try to because of that infusion. Right? I don’t owe you anything.
And I don’t have to start paying you for 24 months. So I kind of set it up. I had it all set up and then, I’m sitting across the table negotiating against these Harvard attorneys. A little intimidated back then.
And they said, well, we want a million dollars down. And I said, no, no, I mean, I can’t do it. I’m thinking zero.
And so they, they’re bored needed something. So they did $75,000 is all I had to do is come out.
And so then I went into the company and in the warehouse, I found all this old inventory that they were counting as a worthless.
So we put it on like soundbars for $12. We put it on Amazon, eBay, we sold $400,000 of profit because there was no cost in it. Right.
Yeah. between August 1st and December 31st. Okay.
So think about that for a second. When we use infinite banking, we’re not using our money. We’re using the insurance company’s money.
So the 75 grand wasn’t my money. It was the insurance company’s money. I was paying a simple interest interest only for four months.
Right. So it’s about three grand of interest and I made 400 grand. And so now I own the company outright because they sold it two years later.
So I never paid them a dollar actually for the company other than the 75 grand up front, right? And that only cost me three grand of interest. Then I made, then I made 325 grand minus the three grand of interest.
Nate Hambrick: So walk us through some numbers there. So for our listeners that have no concept of infinite banking and how you put money, how you pull it out, the interest rates, what they pay for the interest and all that as much as you can in simple terms. Walk us through how that deal actually happened. How much did you put in?
How’d you pull it out? And then how did you fund the deal with the insurance company’s money?
Jim Oliver: So what I did when I started about 20 years ago, building infinite banking insurance policies, I started off with a hundred thousand dollars a year going into my first policy. And then I bought cash flowing assets that the money flowed back into the insurance poll fund, having to buy more and more policy policy. So I had a few million dollars at the time, maybe $8 million of cash value in my life insurance policies.
So 75 grand was no big deal. Plus I had loans against a lot of that buying real estate and other businesses. But what happens is you have this insurance contract, it has cash value and it’s designed like a bank would design BOLI bank owned life insurance or a corporation would design COLI corporate owned life insurance.
It’s designed for cash, not for death benefit, even though there’s tons of death benefit, because I have that cash in there, the insurance company has to give me their money. Anytime I want it up to 100% of my cash value. Now I have other people’s money.
So I took their money and I and 75 grand. I bought that company. They’re charging me daily 5%.
They calculated daily interest only. So if I pay some of it back because that company makes money, then that comes off my loan. And I really don’t have that 5% at the time.
It was 5% interest rate, still 5% today, by the way. So that’s a great interest rate interest only. And so that’s how I did it is the insurance.
And so your money is sitting in there growing tax free. It’s protected. You have legacy rate of return because God forbid you get hit by a bus and somebody’s going to get a big tax free paycheck.
So Bronson, you talked about, Hey, you know, being a real estate professional, not paying taxes. Yeah. All of the different strategies, how do I save on taxes?
Right? So this is another way to pass on a legacy rate of return tax free as well. Plus the interest hold, just the interest I got to deduct because I’m not borrowing my money, I’m borrowing the financial institutions of money. For a business purpose.
Bronson Hill: Right. So I want to like, there’s so much, we’re going to go into this on both the insurance side, and then I have some things I do. I buy precious metals, I borrow against that.
It’s a similar kind of HELOC kind of thing, but there’s some advantages of what you’re doing. But I did want to touch base as well. So, we, my partner and I recording this is going to come out probably in May, but we’re recording this in toward the end of April.
This big purchase is seven months worth of work. We’re buying this e-commerce business that dropships products out of China. We raised about two and a half million for it.
Our lender walked a week ago, and then last week we decided to drop it just because of what’s going on right now with tariffs. Obviously by the time this comes out, things maybe changed a little different, but, I think it’s so interesting. So this deal that you got, how did you find this deal?
Cause a lot of people want to buy businesses. Like how did you, cause it seems like you were at the table here and there wasn’t like 10 offers, right? They, you kind of, they kind of had to go with you because you were there and you were ready and they’re like, okay, fine.
75K let’s do it. How did you find that deal?
Jim Oliver: So it was one of my clients was running the business and he said, man, they’re going to, you know, like we’re worried that they’re going to shut it down. They’re going to do this again. So I had all the insight information or I went to the table, but it’s back to, we’ve talked about this, I think is your net worth is equal to your network, right?
Is, is I have a great network. I let it be known that I want to buy things, right? I want to buy businesses.
I want to buy real estate. I want to buy anything that makes sense. I’m open to anything.
I’m open to partnering. I’m open to any way you want to do it. Let’s talk about it.
Right. And so he knew that. And then we really got to the point where the negotiations we could have, they could have shut the business down and we would have just bought all the equipment and everything for pennies on the dollar and started the business and maybe been down a week because we had the relationships with Vizio and Xylex and those companies via him.
Well, what I did with him, the first thing, and this is how you do it to make sure that you’re not the one that’s getting the calls and having to do all this stuff. And it’s like you have 30 different headaches. Is I immediately gave him a schedule to earn equity.
Yeah. I immediately increased the salary and his bonus structure and I immediately required him to do a hell of a lot more than he was doing before.
Bronson Hill: Yeah. And you have earned out. So that’s a big thing to anybody who wants to buy a business.
And that’s another way too, to leverage Nate is just to like less money down more of an earn out and then give them incentives along the way where you’re combining things. You’ll say, Hey, we need to be at this level. We’re going to grow this amount and you get 20% or you get a certain amount.
So it’s, it’s less risk for you because you’re not bringing that money. And if it’s growth, it’s just growth that maybe even you share a 50 50, but it’s something that gives them some serious incentive to want to grow it. So I think that’s really awesome.
Tell me a little bit about how you compare. So again, what I do, I haven’t done exactly what you’re saying. And I think for a lot of people, it’s great because you have a lot of tax benefits.
You can buy, you buy, you can borrow. You can, I have a friend named Mark Juan. It is buy, borrow, die.
It’s kind of this idea where you buy, buy, you know, you get money in your, in your policy, you go buy assets or you borrow to go buy assets. And then you continue on with that. Uh, did we freeze up here?
I think we may have frozen up here. Like so you just, you just keep saying very still there anyway. But anyway, the idea of, of buy, borrow, die.
We can talk about this Nate as well as that you’re basically using these policies to really help, to do the same thing. And I, what I’ve really done is through precious metals, right? I buy precious metals.
I have them stored in a third party vault and then, I pay a half a percent per year of the current value and then I can borrow against it. It’s about 10%. So it’s a higher rate, but it’s great for short term.
If I need to go buy a business, if I need liquidity, I can. So instead of holding cash and of course metals these days have just done on fire. We have all the uncertainty with the tariffs and different things like that. But I guess what are some of the reasons for me as a real estate professional, but a lot of people listening that are real estate professionals, they would still want to do this strategy that you’re mentioning to have a policy as well.
Jim Oliver: Yeah. So one of the things about the insurance policy, when you get past the tax advantages is that there’s a point in the very first year, if I put in a dollar, I don’t have the whole dollar to use to go invest. Right.
The second year I have about this, almost the full dollar, the third year is the same, the fourth year I start to leverage a little bit, meaning I put in a dollar. I might have like a dollar five by like the 10th year to give you an idea. I put in a dollar and have a dollar 50 to go put into assets.
So it’s a long, longer term strategy and it only gets better every single year since after that. So when you’re 70, it’s better than when you were 50, right? And so that leverage gets bigger and bigger and bigger.
So if I can put in a dollar and I have a dollar 50 to go put in the real estate or buy a business, I win. Right. And so that’s why you want to use the insurance contract.
Now, is there, lost opportunity cost in the first year? Yeah, sure. There is, but it makes it up so fast and it’s every year after that, that it just gets better and better and better.
So that’s one reason. The other reason is when and you probably could do this in your precious metals strategy, but I would. There’s not very many things where the money that you’re earning is growing tax-free and the money that you’re paying. I either interest is deductible, right? There’s not very many things in our tax world that, that have that advantage.
So that’s another advantage. The, the other thing is they have to give you the money. The interest rate, the variable rate right now is 5.1% on, I’m just thinking of one, one of the companies we use a handful of different companies, depending on the person’s age, underwriting class, dollar amount that they’re putting in. But the fixed rate is 4%. And so there in, in this one company, you get a choice, either fixed rate loan or variable rate loan, depending on the market at the time, which is cool. And, and so that’s really low, especially in today’s market.
So if I can go in its interest only, like same, same as what you’re getting, but people have to realize that there’s no volume of interest. Like if you go buy a house, obviously for 300 grand and you paid every payment for 30 years, you’re going to pay about 600 grand. So that means every dollar that I pay 50 cents over 30 years, 50 cents goes to the bank’s benefit and 50 cents goes to my benefit.
So if you were in a dollar Nate, and you had to give me 50 cents, you don’t care what your interest rate is. The rate is a distractor unless it’s interest only, because there is no volume of interest then. Does that make sense?
Nate Hambrick: And my understanding and feel free to add to this, Jim, but my understanding is that because you are borrowing the capital from an insurance policy, it is the safest thing from a legal perspective that you can have. Because the welfare you get, you’ll have more LLCs, you’ll have more trusts, you’ll have more layers of protection. But lawyers with enough creativity can get by any of those occasionally with a life insurance policy. My understanding is you can’t get through that no matter what you do, because it is the most guarded asset class, at least in the United States.
Would you agree with that or feel free to add to that?
Jim Oliver: Absolutely. Yeah, absolutely. It’s kind of having like having a pre-engineer trust, Nate.
It’s because of those laws and protection and you have. Insurance laws, which are state by state that are protecting you. And your number one on the priority, the insurance company has to give you their money whenever you want it, right? And if you think about it, they’re guaranteed to get their money back because they have your cash, right?
So it’s a win-win and we can get the money. I’ve had people just in the last couple of weeks, they call it and say, Hey, I’ve got this tax problem. I need 300 grand, like whatever it is.
And we get them the money the same day. So it’s quick, it’s guaranteed. There’s no application, but I’ll give you a quick scenario of how you could use it in real estate.
Because there’s a, I have a friend up in Appleton, Wisconsin, and he has about a little bit shy of a billion dollars of real estate that he’s done over all in the last 10 years, right? And what he does is I’ll give you some numbers on a deal. And these are loose numbers cause I’ll probably butcher them a little bit, but there was a deal that was like $14 million and the appraisal came in at $16 million.
The pre renovation appraisal, but the appraisal after renovation and rent adjust and everything else was like 22.8 million. So the credit union would actually give the loan on the 22.8 as long as we showed the three, I think it was 3.5 million of liquidity to do the renovation. So all we’ve had to show them is that we got the 3.5 million right here. They’ll give the loan on the 22 point, whatever. And just showed them the life insurance contracts. Here’s the cash value on a whole life insurance contract, the bank, anybody is going to give you 100% of that cash value, as collateral anywhere.
So you would, if you didn’t want to take the loan from the insurance company, you could take the loan from the bank and collateralize the insurance contract anyway, if you’ve got a lower interest rate from the bank, who cares?
Nate Hambrick: That’s amazing. So where do people go wrong with this? Cause just like real estate, just like any investment, there are people using it to the fullest, making a ton of money from it.
And then there are people who do it improperly and lose their shirt. So what are the pitfalls that people need to avoid with the strategy?
Jim Oliver: So there’s a couple of things that I see people do. One is they just start putting a ton of money in an insurance contract and they never take a loan. Because in their mind, loans are liabilities, which is not true when you’re the bank. The loan is the asset when you’re a bank, right?
And so they get nervous and they can’t make that mind shift that now you’re the bank that’s one way. So they never use the policy and I would never recommend people put hundreds of thousands of dollars or millions of dollars a year into an insurance contract and just let it sit there. I believe money has to be moving or it becomes stagnant and it dies.
So, that’s one mistake they make. The other mistake that they make is they think, well, I’ll dip my toe in it. Maybe I’ll put 20 grand or 40 grand or something a year end.
And then they really don’t have enough money to go make a big impact. So that’s another mistake people make. And really maybe the final mistake that people make is they don’t go buy those assets because they don’t know what assets to buy.
So they go and they do it passively, which is fine. You just have to know that if you do it passively and you’re getting, let’s just say between 10 and 20%, depending on the passive deal, maybe better than that, but it’s going to take longer to build that up because if I go out and I, when I do real estate, I want to get at least 25% cash on cash return. Right?
So if I get 25% cash on cash return, and I got guys out there and people in your audience that are really, really good at real estate, they’re going to say, I wouldn’t do it for less than 40% cash on cash return. But whatever I use 25%, you could use 15%. It all works. But when I go out there and I invest in that, that asset, it flows back into my insurance policy.
I don’t need it to pay my groceries or buy my groceries. So then I’m going to use it again to go do another deal, right? Every year that that money comes in.
Now all of a sudden that leverage of 1.5 in 10 years is like in four years because I got so much money sitting there and the policy gets full. It won’t handle all the cash because of the insurance laws and modified endowment contract limits and stuff like that. So they don’t know what to do with the money, right?
So that and they can make a mistake on that, right? They could do something that sounds too good to be true. Or they put it in a stock or something that they think is going to go up.
I like to have a system. It’s kind of like the richest man in Babylon and invest in what you know. Well, if you don’t know something then find somebody you trust. That has a strategy like the precious metal strategy, whatever it is.
Bronson Hill: Yeah. I find something. Hey, quick question for you on that.
So the cashflow that comes out of a real estate deal, for example, that you used money from your insurance policy, does that, is that money tax? It’s tax free if it goes back in the account, right? Because you use, or is it taxable?
Jim Oliver: Yeah, it’s taxable, but yeah, I mean, and here’s the thing is once the money’s in the insurance contract, it’s never taxed again. Meaning that money, right? So, yeah, I mean, if it could go in tax free, we would have a line out the door
Bronson Hill: I have a friend, Kaaren Hall, who runs you direct IRA. And she does a lot of unique kind of IRA policies with Roth Ira’s and all kinds of things. And you can do certain things, but you can’t self deal. So you can’t like go buy a business and operate yourself.
You can’t buy a rental house. You can do passive investment, but you can’t kind of like sell it to your son and have them live there. Like you got to kind of be a little careful, but with insurance policies you can.
So I think that’s really valuable. I wanted to shift a minute for just the sake of time. Cause it’s been a great conversation.
I encourage everybody to reach out to you. Cause I know this is something you work with people on. You’ve got a whole community based on this and there’s a lot of nuance to this.
So it’s great to, and you’ve used it for a lot of great ways. I want to celebrate that, but let’s just take a step back about money and kind of beliefs people have around money and what’s something like a belief that you have about money that most people don’t have. What’s something that you believe about money, just not just about policies, but just money as a whole.
Like I believe this about money.
Jim Oliver: I believe money has to move. I mean, I said it earlier, but money, motion is a law of God. If air doesn’t flow in and out of our bodies, we die.
If blood doesn’t flow through our bodies, we die. If water doesn’t flow, it becomes stagnant. If money doesn’t flow, it dies.
And if you have money sitting in a wall street account, an instrument like most people do, a lot of people do in mutual funds where it’s just sitting there and you think you’re getting your reports, tell you the average rate of return. It doesn’t tell you your Kager, your compound annual growth rate. That’s all that really matters.
Like how much is my money growing? And people have 401ks and everything else. And they say, Hey, my money’s really not growing.
It says I’m getting 8%, 9%, but I don’t see that. There’s a reason why you don’t see it. And those instruments are going down in value every single day, right?
Because of inflation, the dollars in your pocket are going down in value. Well, what is going up in value assets, right? I can, I can increase my prices to my customers in a business.
I can increase my rents and those assets are going up in value. And, and it’s just math taxes have to go up, right? I mean, Medicare, Medicaid, social security, and the interest on the debt, they have to go up.
And like you mentioned, Roth, you’re saving good dollars to spend bad dollars that are worth less down the road. The government won’t tell you what your tax rate is. And it’s all based on hope, right?
So what I believe about money is it doesn’t really matter how much money you’ve accumulated. It’s a, it’s a cashflow. It’s only about cashflow.
And in my neighborhood, my neighborhood is 80% snowbirds and 95% of them are worried because they only have so many workers. They and their workers are their money. They created this pool of money that now they stopped working.
So they’re not creating any more workers. They’re going to live off of those workers for the rest of their lives. And they hope they die before they run out of money.
Bronson Hill: Yeah. Well, that’s the whole rich, rich dad, poor dad, you know, assets, liabilities, cashflow, quadrant, all that stuff. Jim, your wealth of knowledge, man.
I love your energy, love the excitement, love how fired up, you get about all this. I think it’s incredible and I encourage everybody to reach out. How can people connect with you if they want to hear more, if they want to learn about your stuff, want to join your program and your community and learn about this, the policies that you offer as well.
Jim Oliver: Yeah, absolutely. Go to and we have so much free stuff on here. We keep you busy forever.
Just go to community.createtailwind.com or just go to your app store and type in create tail wind, all one word that comes up. It’s like a little infinity sign and click on there, join us for free. Just give us your email.
We send you a thing back saying you’re in and it’s a welcome video letter from me and it tells you where to get started. Here’s a course to try. There’s a bunch of courses on there.
And then, or send me an email. I mean, this is what I’m passionate about, man. I love helping people create wealth and freedom because money gives you choices, choices gives you freedom.
And I’m all about doing what I want to do when I want to do it with whoever I want to do it with. And, and that’s what I want to teach people how to do and I want to help you do it. So send me an email.
And if you have any questions, cause just like you guys, when I read a book, I’ve got a pad of paper next to me and I’m writing down questions. And then I email the author of the book, the questions. And I would, I would like to say every single time, but 90% of the time I get the answers back.
Now I got a relationship with that author, right? So like, email me, everybody has tried to help me. I didn’t have mentors when I was younger, but I have had mentors that are what I call passive mentors.
They didn’t know they were my mentor, but I learned a lot of stuff from business owners.
Bronson Hill: Oh yeah, absolutely. Well, Jim, I appreciate you. Thanks for being here.
Looking forward to staying connected. Hopefully we’ll have, we’ll have you doing one of our wealth form events coming up, but appreciate you brother. Thanks so much.
Jim Oliver: Yeah. Thank you. Thanks for having me guys.
Bronson Hill: Have a great day. Wow. Well, Nate, that was, we were saying that was, that was a great interview.
That may have been our best one you had with three people. And there was a lot of fun.
Nate Hambrick: I loved it. There were so many, so many takeaways. I was curious what your big takeaway was from the podcast interview.
Bronson Hill: Well, I had a few, I, one was insurance, what you brought up as well is that you’re limited on your liability. And the more wealthy you become, the more ways you can limit your liability. I’m getting to think we’re buying businesses.
People want personal guarantees. They want different things like that. And if you have something that really can’t be touched like in that, like a trust or like your vocal trust or some sort of insurance policy, it really does provide a lot of protection.
And then I love that he is using this stuff for purchasing, right? He’s using it by businesses. He’s using it for all kinds of creative things.
And I love assets that are like that. So I use the precious metals, but it grows and it’s grown like crazy. I mean, it’s probably doubled in the last four or five years, but it’s happened because, just the asset is great, right?
I love being in the asset and then I can borrow against it as needed. So it gives me liquidity, which is great. So I encourage everybody to have some sort of whether it’s an insurance policy or something else that they can tap when they need it for the short term to be able to close a deal.
Nate Hambrick: That makes a lot of sense. My big two takeaways, lessons I learned from Jim is number one, loans aren’t liabilities when you’re the bank and we’ve all seen the banks do some pretty risky investments because they’re not liable in the way that a regular human would be. And so that was a big aha moment.
And then something that I had no idea I needed to know is that the interest you earn from the money you have inside of the insurance policy is tax free, which I did know, but then the interest you’re charged when you take out a loan on that is tax deductible. So you’re winning on the way up, winning on the way down, which is, you know, the two hand punch. So anyway, it’s amazing stuff, which makes a ton of sense by the wealthiest people I know all do infinite banking.
Bronson Hill: Yeah. And there’s, there’s different variations of this. People do it with trust.
They do it with insurance products and the wealthier you get. I mean, I’ve seen people, this is like a great strategy. If you’re kind of like under 10, 20 million, some people are like 50 million or more.
There’s like a certain type of, I can’t remember the name of it. There’s some other policy they do that’s really creative that just kind of shelters from a lot of things. And there’s, there’s all kinds of ways to do this stuff.
So that’s one thing I learned is just the more you learn about it, the more you’ll be like, there’s more stuff that can help you get where you want to go, but you don’t have to over-complicate it. I also love that he talked about money has to move, right? Money has got to move.
If you have money sitting in your account, you are literally losing. Robert Kiyosaki said, savers are losers. You know, they’re losing money. So if you haven’t joined our investment club, it’s a good segue.
If you haven’t joined our investment club, we’re doing some amazing deals, actually save on taxes that have cashflow, some of the oil and gas space, private businesses. We’re doing some really exciting stuff, really cashflow stuff. I mean, cashflow right now I think is really challenging.
Jim talked about cashflow and real estate. We’re not seeing it a lot in real estate right now. So other things we’re doing to help achieve that.
So thank you for taking the time to educate yourself by watching or listening to this. We’ll look forward to seeing you on the next episode of the Mailbox Money Show.
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