From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

Curtis Ray is a 2x Best Selling Author regarding retirement and the phenomenon of Compound Interest. He is also Inventor of the MPI Secure Compound Interest Account and MPI Infinite Bank, and verified with 1.5m followers on Tiktok.

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Guest Resources

Compound Interest – Increase your retirement by 200%!

Text the word BOOK to 30500 and get Curtis’ books for FREE! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)

MPI Secure Compounding Camp – Text the word FIRE to 30500 and schedule your 1 on 1 call today! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)

3 Value Bombs

1. Entrepreneurs often think day by day, but 95% of businesses fail within 25 years due to cash flow.

2. If your money already earns 7–12% interest, you can expand your business selectively, using it to grow wealth and freedom.

3. Financial freedom isn’t just money—it’s having time and security to do what you want, when you want, with whom you want.

Sponsors

HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!

50: Join JLD on his free ’50 days to something’ video series on YouTube and create something special in 50 days!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: How to Build Your Own Bank with Curtis Ray

[1:23] – Curtis shares something that he believes about becoming successful that most people disagree with.

• You do not need home runs to win the game of money. Singles and doubles — consistency and persistency — that is how you win the game of money. Don’t go for the home runs.

[2:08] – What is compound interest?

• Compound interest is when money makes money, and the money that money makes also makes money. It’s a phenomenon where money works for you.

[2:40] – What is the definition of MPI Secure Compound Interest?

• It is a secure compound interest account through life insurance. This account has guaranteed security against any stock market risk.
• You have a place that’s growing your money between 7-12% interest on average.
• This account does not have capital gains tax.
• The problem with this account is you have to have $5 million net worth to qualify. It’s an exclusive account that only the rich can participate in.

[5:41] – Infinite banking.

• Infinite banking is where you can put money in a secure compound interest account, then have access to it and use it as collateral to access other people’s money to invest in real estate or expand your business, all the while your money is compounding for you.
• It gives you an opportunity to get your money to work in 2 places at one time

[7:43] – A timeout to thank our sponsors!

• HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!
• 50: Join JLD on his free ’50 days to something’ video series on YouTube and create something special in 50 days!

[9:35] – What is an MPI Infinite bank?

• For investors, business owners, or entrepreneurs, the MPI secure compound interest account was evolved to have your money growing somewhere between 7-12% interest on average; then you use that money as collateral to get outside money at 3-4%.
• If you’re money is already making 7-12% interest on average, you can be selective and methodical in your business expansion.

[12:38] – What does it mean to build your own bank – and why?

• Banks make money by getting outside money and then using it to expand and to create compound interest.
• If it’s accessible and liquid, there’s no penalty to access it
• The best part is, you’ve got to treat it like a bank.
• The number one reason why businesses go out of business is cashflow.

[16:29] – Who is MPI infinite banking best suited for?

• Real estate investors are best suited for it because they make large lump sums of money.
• Entrepreneurs are typically thinking day by day. 95% of businesses go out of business in 25 years because of cash flow.

[19:31] – Curtis’ key takeaway and call to action for Fire Nation!

• Your money has so much power to work for you.
• Compound Interest – Increase your retirement by 200%!
• Text the word BOOK to 30500 and get Curtis’ books for FREE! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)
• MPI Secure Compounding Camp – Text the word FIRE to 30500 and schedule your 1 on 1 call today! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)

[23:23] – Thank you to our sponsors!

• HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!
• 50: Join JLD on his free ’50 days to something’ video series on YouTube and create something special in 50 days!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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