When it comes to the Infinite Banking Concept, understanding the mechanics is only half the battle — the real transformation happens in your mindset.

In this episode, Winnie and Lacy tackle two powerful conversations:

First, they answer common questions from a business owner exploring corporately owned dividend-paying whole life policies:

• Should you run all your income through your policy?

• How much cash should you keep on hand?

• What does it actually look like to borrow and repay policy loans month after month?

• How do you balance operating expenses with building long-term wealth?

Then, they unpack a more sobering reality — what happens when someone says, "We tried IBC," after six years… and walks away.

Is the "perpetual borrowing and repaying" really a flaw — or is it simply the misunderstood function of controlling your own banking system?

This episode dives into:

• The difference between bank debt and policy loans

• Why repaying yourself isn't the same as paying a bank

• The power of uninterrupted compounding

• The often-forgotten value of permanent death benefit

• Why protecting your financial philosophy matters more than ever

Infinite Banking isn't a product — it's a practice. It requires intentional cash flow management, community, coaching, and a willingness to think differently about money.

All financial strategies require discipline. The question is: which "hard" are you choosing?

If you're new to IBC, curious about implementation, or wrestling with doubts, this episode is for you.

Start your journey at ranchyourway.com and grab your book bundle to see if this philosophy resonates with you.

And as always — keep learning with us.

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► Learn more: https://www.ranchyourway.com
► Get the books: https://www.ranchyourway.com

In Episode 91, Winnie Lau is joined by Chartered Professional Accountant Nigel Kennett to break down three commonly misunderstood tools in Canadian business planning: holding companies, the Capital Dividend Account (CDA), and corporate-owned life insurance.

This episode is a plain-language conversation for business owners, farmers, and ranchers who want to understand when these tools actually make sense, how they work together, and why involving the right professionals early can prevent costly mistakes later.

If you're thinking about asset protection, tax efficiency, or long-term succession planning, this episode will help you ask better questions before making big decisions.

Follow Ranch Your Way
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YouTube: http://youtube.com/@ranchyourway
Facebook: https://www.facebook.com/RanchYourWay

► Learn more: https://www.ranchyourway.com
► Get the books: https://www.ranchyourway.com

Once business owners start thinking long-term — beyond income and toward legacy — structure matters.

In this episode, Winnie is joined by CPA Nigel Kennett to explore how:

• Holding companies help separate risk from opportunity

• Trusts can protect family wealth across generations

• Corporate-owned life insurance fits into broader planning (and when it doesn't)

• The Lifetime Capital Gains Exemption connects directly to clean corporate structure

• Poor administration can undo otherwise good planning

• Accountants and advisors must work together — not in silos

The conversation also addresses a common challenge: what to do when your accountant isn't familiar with dividend-paying whole life insurance or policy loans — and how to bridge that gap using education and collaboration (including resources like Becoming Your Own Banker).

This episode is for business owners who are ready to move from earning money to protecting and positioning it wise

Follow Ranch Your Way
Instagram: http://instagram.com/ranch_your_way
YouTube: http://youtube.com/@ranchyourway
Facebook: https://www.facebook.com/RanchYourWay

► Learn more: https://www.ranchyourway.com
► Get the books: https://www.ranchyourway.com