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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

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  2. How to Become Your Own Bank & Gain Financial Freedom Using Your Retirement Account

How to Become Your Own Bank & Gain Financial Freedom Using Your Retirement Account

Feb 13, 2020

Saving for retirement is one of the biggest concepts we learn as soon as we start earning money; and this money is steered towards employer sponsored retirement accounts like the 401k. What they don’t tell us is how this can take away our financial freedom in the long run. Do retirement accounts lead to long-term loss? Let's take a moment to talk about that. How do we get back control of the money in our employer sponsored retirement account? In this episode, you’ll learn why we shouldn’t let our retirement accounts fool us into thinking we’re financially free, and we share the trick to becoming your own bank with your retirement account.

 

Things We Learned

Your dollars are worth more today because in future they will be worth less due to the hidden tax of inflation. 

 
When you put money into your retirement account, you’re not in control. The financial institution you park it in is in control.


We give up control, access and opportunity when we use the employer sponsored retirement account without finding a way to put the money to use today.


We can take out an employer sponsored loan and have up to 5 years to pay that money back.