When you work with us, you can expect a collaboration with you that thrives on transparency and consistency.
With our networking power that spans across Canada and the USA, our goal is to become the #1 educator and contact point for the implementation of the Infinite Banking Concept (IBC) across North America.
Also called Cashflow banking, we educate and teach the safest and most secure lowest-risk way to store and access your money available.
Donovon Coates
Owner, Financial Consultant
Family, business, and serving the community have always been of high value in my life. My wife and I have been married for 27 years, we have two boys and also have been fostering for 16 years. I own and operate a transport business, have traded stocks, and have owned and restored real estate. It was when I was recovering from an injury I received as a fire fighter in 2014 that I got serious about financial education. I worked with a friend at his brokerage and took steps to get licensed for insurance. I could see the value the insurance industry offers to help people with their finances and that the regular financial advice banks offered just didn’t cut it. Though I had heard of the Infinite Banking Concept before, I saw it with fresh eyes in 2017; the eyes of a financial and insurance professional. I was amazed! I devoured all the information I could and got my practitioner certification through the Nelson Nash institute. This business venture lets me combine all of the things that matter most to me - helping friends, family and clients prioritize their goals and dreams for their families and businesses. And all of it safely, securely, privately, with minimized risk and more flexibility ever offered by a traditional bank. It’s a pleasure to teach others how CashFlow Systems work and to help secure their financial future. I so strongly believe in the concept that I transitioned my financial agency into IBC. I look forward to partnering with you to realize your financial and life goals.
Frequently Asked Questions
What’s the difference between an asset and a debt?
To give a short understandable answer from Robert Kiyosaki's book Rich Dad, Poor Dad: “An asset puts money into your pocket whereas a debt takes money out of your pocket.” Generally your home is a debt as it always takes money out of your pocket. Even when it’s fully paid off, it has costs including utilities, taxes and more. A properly bought rental property becomes an asset when it pays even a minor amount into your pocket after mortgages and all expenses are paid. You can have an infinite number of rental homes only paying $10 a month into your pocket after expenses, but you can only pay $10 a month on so many properties until you can't make your own payments anymore.
What’s the difference between a debt and a liability?
As stated above, a debt is anything that takes money out of our pocket. But a liability is a debt owed that can also be used to create an asset. Think of the rental property. Yes, the mortgage is a debt, but if it cashflows even $10 then that debt turns into a liability. Even though you owe on it, it is returning more than that. Of course, a liability by definition is still a debt. The idea though is to help change thought process about what kind of debts or liabilities can be turned into true assets that put money into your pocket.
Am I too old to start investing?
No one is ever too old. It’s better to start late and miss a goal than to never start and never even come close to your financial goals. Unless you can tell me the exact moment you will die, it's never too late to start for yourselves to learn and be the change for our families and for their future. I may learn something new when I am 90 years old, but If I share that with my children and grandchildren, that part of myself and my legacy lives on forever.
Am I too young to start saving?
Never! Birth is the best time to start! We need to learn the huge benefits of using ‘time leverage’. The earlier we start, the less money we’ll need to accomplish our goals. The wealthiest families continue their legacy planning with the birth of each new family member and then we can transfer that asset later on in life when the child is educated and knowledgeable. Call us to have a discussion as to how little it can take to start making positive change.
What kind of risks does a Personal CashFlow System have?
There are some risks with everything. Even with all the benefits including continual cash growth; having guaranteed amounts of cash in the account; NEVER losing money; protecting your wealth from most creditors, bankruptcies, or divorces; the ability to access money quickly with virtually no paperwork (single page); the opportunities to leverage the cash into other investments while still growing the main account: there is still a risk as with anything in life. The human factor is likely the most significant one in a CashFlow System. After all, to err is human. We might make a mistake like not paying back a loan on an account (these loans are not at all like a typical bank loan with rigid repayment terms, penalties for missed payments, or negative affects on credit rating). These accounts can be borrowed against without repayment, we would need to discuss if that is a good option at the time.
Why haven’t I heard of this before?
We don't know what we don't know. Financial planners, banks, do-it-yourself stock trading accounts, we all do what's best for ourselves and our clients with the information and skills that we have at the time. A veterinarian is a doctor with significant biological knowledge and skills, yet we would never ask that doctor for human help!
Banks have been using these kinds of accounts for years to back up their own reserves without risk of losing their own money to market risk.
One tool they us is called B.O.L.I. - Bank Owned Life Insurance. If the banks use it to secure their own funds, wouldn't it be a good idea for us?
These accounts are what has been used for almost two hundred years. We are on a growth plan to inform, educate and help families plan for positive change in their financial future.
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Our team members and world class training are proven and time tested. We are committed to your success and growth.
Book an introductory meeting today to learn more about how we can make your own financial life thrive.
