Wealth On Main Street

If you own a profitable business, your retirement plan often targets employees, not owners. In Part 2 of our series, Rohit Punyani, co-founder and Chief Solutions Officer of The Owner’s Asset, sits with Jayson Lowe. They explain how a cash balance plan vs 401(k) works and why it behaves differently. Missed the start of the series? Watch Part 1 here. Start with what you already know Rohit teaches cash balance plan vs 401(k) by comparing them to the 401(k). But he’s upfront that this is a teaching shortcut, not a full compliance picture. Additionally, the contribution is recorded as a deduction. […]

Most financial conversations with business owners start the same way: “How much did you make?” Rohit Punyani, Co-Founder & Chief Solutions Officer of The Owner’s Asset, a pension specialist and former Chief Investment Officer, joins Jayson Lowe and Richard Canfield to go a lot deeper than that. Here’s what the conversation actually covers. Why does “cash flow” matter more than “income”? “The words we use determine our wealth,” according to Rohit Punyani. “If you say I want more income, you’re gonna end up okay. But if you say I want more cash flow, the world is yours and everything in it.” […]

Is Infinite Banking Actually an Investment? In short, Infinite Banking is a capitalization tool, not an investment. Additionally, it builds liquidity. Investment, including a DRIP Investment with Infinite Banking portfolio, is what you do with that liquidity once it’s available. Is a DRIP Portfolio Worth It With Infinite Banking? Yes, for the right person. A DRIP Investment with Infinite Banking solves two problems. Additionally, pairing them deliberately is the point, not a compromise. Infinite Banking controls where your investable capital comes from. DRIP investing determines what productive businesses that capital actually owns. Run side by side; one funds the other. What […]

“An investment should only be in something that you know a great deal about. Everything else, I repeat, everything else, is speculation.” That’s Nelson Nash‘s line, and it’s blunter than most people want to hear about their own portfolio. In a recent Wealth on Main Street episode, Kurt Berry joined Richard Canfield. Berry has nearly 30 years in finance. Thus they discuss what that means and why many investors actually speculate. The Real Difference Between Investing and Speculating Most people assume investing just means buying something, a mutual fund, a stock, an index fund and holding onto it. According to Kurt, […]

It’s one of the most common questions people type into Google, ask ChatGPT, and search on YouTube. Richard Canfield breaks down the concept that insurance companies actually use to answer it: human life value. What is human life value? According to Richard, it’s “the economic value associated with your life based on the people that depend on you.” Insurance companies don’t know your family’s full story; what they know is your income and your age, and that’s largely what determines the number they land on. As Richard puts it, “your family doesn’t love you because of your income. They love you […]