Financial Literacy With Danny Banks

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November 21, 2024 • 62 mins

“Financial Literacy” with Danny Banks on the “Timeless Truths” Podcast (Episode 66).

Danny Banks started working at the Chicago Board of Trade when he was 19. He spent 13 years there and started learning about financial markets there. He has continued to learn and build businesses ever since and started working directly in insurance and financial services in 2017. He is passionate about empowering people through financial literacy. Health, wealth, happiness, and freedom are his priorities. Danny’s program, the Flexmethod, is a strategy that allows you to achieve double digit returns over time, without market risk, in a tax free lifetime income stream. Leave your loved ones legacy benefits in he event of the unexpected

SHOW NOTES:

· Danny’s background at the Chicago Board of Trade (1:50)

· “Rich Dad Poor Dad” book by Robert Kiyosaki (5:15)

· What creates wealth? (7:25)

· Teaching financial literacy in our educational system (11:45)

· Creativity in entrepreneurship (15:10)

· Financial independence (17:00)

· Getting information to kids when they are young (23:10)

· The definition of money & the gold standard (26:10)

· The unfunded liabilities of the US Government (32:40)

· The meaning of inflation (34:00)

· Gold and silver vs. printed money (37:30)