In this episode, Scott and Jason discuss:Becoming your own bankerDouble dippingThree tier-one assets on a bank’s balance sheetOpportunity costKey Takeaways:Until you can teach a concept to someone else and have them understand it, you won't really understand it. You learn most when you are the teacher. You can finance and arbitrage money at the same time by doing double dipping, but first you have to capitalize. There is uninterrupted compound interest on a guaranteed basis, as well as your share of the company's profits on an unguaranteed basis.Three different things are allowed for tier-one assets on a bank's balance sheet, which are the most secure and valuable assets they can possess. These assets will determine or dictate whether a bank is strong: gold, Treasury Bills, and cash value whole life insurance.An investor's opportunity cost is the amount of potential gain they miss out on when choosing between two investment options.  "There's really only two things to remember: don't ever steal from yourself, and don't be afraid to pay massive amounts of premium." — Jason HendersonGrab a copy of Becoming Your Own Banker by Nelson Nalsh here:AmazonConnect with Jason and Scott:Website:     https://henderxcapital.com/masteryourmillionsTwitter:   @MasterYourMsFacebook:  https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: [email protected], [email protected]

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