{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Capitalizing Your Life Podcast","title":"Why the Wealthy Don't Contribute to Their 401(k)","html":"","width":"100%","height":180,"duration":381,"description":"Set up a time to talk to Glenn using the link here:\nhttps://calendly.com/glennyaney/infinite-banking-intro-call\nWhy do so many high-income people keep putting more money into their 401(k) when their actual goal is to become financially independent?\nIn this episode, I want to challenge the way we've been taught to think about retirement, saving, and building wealth.\nFor years, I viewed my 401(k) as an insurance policy for my financial future. I thought I was doing the responsible thing by putting money away and getting a tax benefit.\nBut eventually, I started asking a different question:\nWhat if my goal isn't to retire with a large retirement account—but to build enough income-producing assets that I don't need to retire?\n\nThat's when my approach to money started to change.\nInstead of focusing exclusively on saving a percentage of my income, I began focusing on increasing my income, improving my savings rate, and acquiring cash-flowing assets through business and real estate.\nI share how my own savings rate went from roughly 20% to 50%, then 75%, and eventually toward financial independence—and why that changed the way I thought about where my capital should go.\nI also share the story of leaving a W-2 job where I was earning approximately $150,000 per year to pursue business ownership, real estate, raising capital, and building assets—even though my initial income dropped dramatically.\nThat decision taught me an important lesson:\nSometimes the path to greater wealth isn't maximizing today's income. It's positioning yourself to build assets that can produce income and appreciate over time.\nAnd this is where the Infinite Banking Concept fits into the bigger picture.\nI believe we need to rethink the traditional financial education we've been given—especially when it comes to cash flow, liquidity, taxes, retirement planning, real estate investing, and how we use our capital.\nInfinite Banking isn't about abandoning sound financial principles. It's about learning how to...","thumbnail_url":"https://img.transistorcdn.com/poMURXA4VnyYzengdntjVD1C6yPBkwnyTw02C7dqJPY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85YzZj/MDk5MDVlOWM0ZGFi/MTJiNzBkODcwMGUx/MTA4My5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}