What happens when a CPA evaluates Infinite Banking like any other financial product? In this episode, Russ and Joey sit down with Anthony J. Faso to explore what CPAs may be getting wrong about Infinite Banking, why he changed his perspective after the financial crisis, and how his experience eventually led him to leave his CPA firm and focus full-time on helping people implement Infinite Banking.
Anthony also shares client examples involving retirement accounts, short-term rentals, business liquidity, and buying competitors during an industry downturn. The conversation goes beyond the policy itself to explore liquidity, opportunity cost, cash-flowing assets, tax deductions, and why Infinite Banking is a process, not simply a life insurance product.
Top three things you will learn:
-Why evaluating Infinite Banking solely by rate of return can miss the bigger picture
-How liquidity can create opportunities for entrepreneurs during difficult markets
-Why simply taking a policy loan does not create wealth
About Our Guest:
Anthony J. Faso is a self-proclaimed “Recovering CPA.” He was born and raised in Las Vegas, NV. After serving in the Army, he graduated with a degree in accounting from UNLV. After working for the accounting firm PricewaterhouseCoopers (PwC) and owning his own firm, Anthony now focuses his practice on teaching his clients the Infinite Banking Concept.
Connect with Anthony J. Faso:
👉 https://anthony.infinitewealthconsultants.com/
Buy the Book (Becoming Your Own Banker):
📘https://www.wealthwithoutwallstreet.com/infinite-banking
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DISCLOSURE:
Wealth Without Wall Street provides educational and informational content only and does not provide legal, tax, financial, or investment advice. Any examples or case studies are illustrative and not a promise or guarantee of results. Earnings or income statements (if any) are not typical, and your results will vary based on factors such as your effort, experience, market conditions, and business decisions. You are responsible for your own actions and outcomes.
