Once you understand the opportunity cost of money you will clearly see how banks are profitable and why it’s necessary to become your own bank through the Bankosaurus®. In this episode Ken and Tammi also talk about the Rule of 72, avoiding income taxes and creating financial freedom.

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help other people create a “Piggy Bank On Steroids,” and earn better yields with less risk by investing Off Wall Street.

Links and Resources from this Episode

Show Notes

  • The Bankosaurus® opportunity cost – 1:55
  • Why the financial industry is designed to take your money, not make you money – 3:38
  • What happens during the first 7 years of a mortgage – 5:09
  • Understanding the Rule of 72 – 7:07
  • What most radio shows and money people never talk about – 9:21
  • Best practices for paying yourself back – 13:51
  • Borrowing from yourself vs borrowing from the bank – 18:08
  • Why Ken wants people to have financial freedom – 21:11
  • How income tax relates to the Bankosaurus® – 21:55

Review, Subscribe and Share

If you like what you hear please leave a review by clicking here

Make sure you’re subscribed to the podcast so you get the latest episodes.

Podcast: Play in new window | Download