Wealth On Main Street 283: Double Your Financial Freedom: Bitcoin and Infinite Banking Together with Shaun Somers
Imagine having a financial system where your savings are safe from government overreach and bank restrictions, while your child’s first major purchase is financed through your family’s own private banking system.
In a recent episode of the Wealth On Main Street podcast, Richard Canfield sits down with Shaun Somers to explore how Infinite Banking and Bitcoin—when used together—can revolutionize the way you grow and protect your wealth.
Shaun shares personal stories, real-world applications, and mindset strategies that show how everyday families can build their own resilient financial systems.
Their conversation uncovers powerful takeaways on long-term thinking, capital control, and wealth sovereignty. If you’re ready to reimagine your financial future, this interview delivers practical inspiration you won’t want to miss.
Let’s break down the key insights from Shaun’s conversation with Richard. See how Bitcoin and Infinite Banking can work hand-in-hand to help you take full control of your money and your future.
Infinite Banking Gives You Stress-Free Liquidity
When was the last time you needed cash fast and dreaded asking the bank for it?
Maybe it was the paperwork, credit checks, or general feeling of not being in control. Infinite Banking flips that experience on its head.
Shaun describes this freedom best: “I just love that freedom. I love how having the whole infinite banking system of policy set up gives me and our family so much flexibility, so much financial freedom to be able to do things.”
Whether it’s funding a personal purchase, seizing an investment opportunity, or even helping your kids, policy loans from whole life insurance are easy, fast, and entirely on your terms.
When you own a properly structured Infinite Banking system, you’re not asking for permission. You’re simply accessing your own capital.
There are no credit checks, no justifications. Just a quick request, and the money is in your account in a day or two.
This means you don’t have to liquidate investments in a downturn or rely on high-interest credit cards in an emergency. You’re borrowing from yourself, repaying yourself, and watching your wealth grow uninterrupted in the background. That’s what real liquidity looks like—calm, confident, and under your full control.
Real-Life Lessons from Family Banking
For many, Infinite Banking becomes real when it’s applied to everyday life. Nothing drives the lesson home more than using it to help your children.
Shaun offered one of the most practical, empowering stories on the Wealth On Main Street podcast: how his teenage son used their family policy system to purchase a custom-built gaming computer.
It started with a goal and a savings jar. Shaun’s son had saved up $1,000 through allowance, birthday money, and gifts, enough to start investing.
With Shaun’s guidance, he converted the savings to Bitcoin at a time when the price was favorable. Over the next year, that $1,000 grew to $2,500, enough for the new computer he wanted.
But instead of cashing out his Bitcoin, he chose to keep it growing and fund the purchase through a policy loan from the family’s Infinite Banking system.
They created an amortization schedule together, discussed interest rates, and set up monthly payments. It wasn’t just a transaction. It was a powerful lesson in financial literacy, long-term thinking, and capital management.
As Shaun shared, “He's six months through the one-year of paying that off and he hasn't missed a payment.”
More than just a purchase, this experience modeled responsible use of debt, reinforced the value of saving, and demonstrated what’s possible when a family uses Infinite Banking with intention.
Most importantly, it set the stage for his son to start his own policy in the future, already equipped with real-world experience.
These kinds of lessons stick.
And they compound.
That’s what makes Infinite Banking more than a concept. It becomes a family tradition of stewardship and financial empowerment.
Bitcoin Is the Perfect Match for IBC
Bitcoin and Infinite Banking may seem like two different financial worlds. But they align more than you think. Shaun Somers believes the two complement each other perfectly.
He shared how the mindset behind Infinite Banking naturally prepared him to embrace Bitcoin: “People who do one have the right mindset generally to do both.”
Both tools offer sovereignty. With IBC, you control the flow of your capital. With Bitcoin, you hold money outside the control of central banks and inflationary policies.
The foundation of both is education, personal responsibility, and long-term thinking.
Bitcoin is especially attractive to those frustrated by traditional financial systems. As Shaun pointed out, “Every time I do business with banks because I have to, I get frustrated.”
He explains how he sends money globally with Bitcoin in minutes, while bank wires can get lost, delayed, or scrutinized.
And unlike fiat currency, Bitcoin has a capped supply. Only 21 million will ever exist. That makes it a hedge against inflation and government overreach.
Pairing Bitcoin with Infinite Banking gives you the best of both worlds.
You store value securely in your policy system, earning uninterrupted compounding. Meanwhile, you grow your Bitcoin stack—knowing it’s protected from dilution.
When opportunities or emergencies arise, you never have to sell your Bitcoin. Just take a policy loan instead.
This dual approach is liberating.
It puts you in command of your financial future, shielding you from the noise and unpredictability of centralized systems.
If freedom and resilience are what you’re after, combining Bitcoin and Infinite Banking might be the most powerful move you can make.
Nelson Nash’s Five Rules Apply to Bitcoin Too
If you're familiar with Infinite Banking, you’ve likely come across Nelson Nash’s Five Golden Rules. They’re not just clever guidelines. They’re a mindset shift.
According to Shaun, these same five rules can apply seamlessly to how you think about Bitcoin.
- Think Long Range – Infinite Banking is built on long-term thinking. It’s about creating a system that serves you for decades, not days. Bitcoin, with its short-term price volatility but long-term scarcity, demands the same mindset.
- Don’t Be Afraid to Capitalize – Just like with IBC, you need to commit. Whether it's premium deposits or buying Bitcoin regularly, your system only grows if you fund it. Shaun even sets up automatic Bitcoin buys daily.
- Don’t Steal the Peas – In IBC, this rule reminds us to repay our loans. In Bitcoin, it’s about not spending your Bitcoin frivolously. As Shaun puts it: “Bitcoin you sell today is Bitcoin you don’t have in the future.”
- Don’t Do Business With Banks – Both IBC and Bitcoin were created as alternatives to traditional banking. Shaun shared his frustration with wire transfers and centralized systems, preferring to use his policy or Bitcoin when possible.
- Rethink Your Thinking – This is the ultimate rule in both worlds. You finance everything you buy. Bitcoin challenges your thinking on money itself, questioning inflation, fiat, and centralized control.
When used together, Infinite Banking and Bitcoin become a philosophy, not just a strategy. They redefine how you store, grow, and access wealth.
Community Accelerates Your Financial Education
No matter how motivated you are, financial independence is a lot easier—and faster—when you’re not doing it alone. Shaun credits much of his Infinite Banking and Bitcoin confidence to the community around him.
In the early days, Shaun admitted to feeling unsure about Infinite Banking. He questioned whether he was setting it up right.
Was he overpaying?
Was his policy structured properly?
Instead of staying isolated, he joined a community of like-minded individuals and plugged into mentors who understood the system. That support turned uncertainty into confidence.
“Get around people who have done this,” Shaun advises.
Whether it's advisors trained through the Nelson Nash Institute or people actively using IBC in their own lives, that proximity shortens your learning curve.
The same goes for Bitcoin. Online echo chambers and hype cycles can mislead you. But a thoughtful, experienced community can give you clarity.
Communities also keep you accountable.
When Shaun’s son borrowed from the family policy to buy a gaming computer, they created a loan schedule and treated it seriously.
Why? Because learning is reinforced through relationship and repetition, not just theory.
Whether you join a Facebook group, mastermind, or local study circle, find people who challenge and support your journey. You have to learn from others, share what you know, and build wealth as a team sport, not a solo mission.
Automate and Simplify to Stay Consistent
Consistency is the engine behind every long-term wealth-building system. Whether it’s making your premium payments or stacking your Bitcoin, automation is how you take human error and emotion out of the equation.
Shaun emphasized revealing how automation transformed both his Infinite Banking practice and his crypto accumulation strategy.
“I just automate it,” Shaun shared, explaining his daily Bitcoin purchases. “It’s boring, but it works.”
And that’s the key.
Wealth grows because you built systems that work whether you feel like it or not. With Infinite Banking, this might look like setting up automatic payments from your business income.
With Bitcoin, it might be a recurring buy schedule through your exchange.
Automating these actions also reduces decision fatigue. You’re not constantly wondering when to invest, how much to contribute, or whether now is the right time. You simply follow the system and adjust when needed.
This is how you gain consistency, avoid missed opportunities, and protect yourself from impulsive financial moves.
As Shaun puts it, it’s not about chasing thrills—it’s about building a base. When you combine automation with long-term vision, you create a disciplined rhythm that steadily grows your sovereignty over time.
Set it up. Let it run. Stay the course.
That’s the strategy for real financial momentum.
Conclusion
Infinite Banking and Bitcoin are more than financial tools. They’re philosophies for personal sovereignty.
Combining these two strategies allows you to take full ownership of your money, decisions, and future.
You don’t need to pick one over the other. You can grow guaranteed wealth through whole life policies while also accumulating decentralized digital assets like Bitcoin.
Together, they give you control, access, and protection in a world that often tries to strip those things away.
You’ve seen how Infinite Banking provides stress-free liquidity, how Bitcoin complements the discipline of long-range financial planning, and how real-life applications make these systems practical.
You’ve also seen the value of community, mentorship, and legacy-building as part of this journey.
Shaun reminds us that financial freedom is about mindset. It’s about choosing a framework that aligns with your values: freedom, responsibility, education, and impact.
So where do you go from here?
- Start your first policy or review your existing one.
- Set up a Bitcoin purchase plan that you stick with.
- Plug into a community that helps you stay on track.
Build your system.
Protect your wealth.
Teach your family.
And take action.
Because financial sovereignty is a decision away.
For more information, watch the full episode here and grab a copy of Don’t Spread the Wealth. Discover how to make the infinite banking concept work for you.
ORDER A COPY OF OUR BOOK!
Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/
Website: https://dontspreadwealth.com/
🎙️ WEALTH ON MAIN STREET LINKS:
Learn how Canadians are Implementing Infinite Banking for Free Here:
https://www.ascendantfinancial.ca/ibc-wwbs/?LeadSourceId=427
Podcast Website: https://wealthwithoutbaystreet.com/
Follow us on Facebook:https://www.facebook.com/wealthonmainstreetpodcast
Subscribe to our Youtube Channel: https://www.youtube.com/channel/UCj8ZlieHodxhD0vC75-rq0g
Book a 15-minute call: https://www.ascendantfinancial.ca/schedule/?LeadSourceId=427
Watch our Tribute To The Man Who Created Infinite Banking R. Nelson Nash here:
🤝 Join Our Community! https://www.facebook.com/groups/wealthwithoutbaystreet/
📚 IBC RECOMMENDED BOOKS
📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/