Open Your Own Bank
What if it were possible for people to save for retirement in a vehicle that allowed them to finance their life and provided more advantages over borrowing from a bank or lender?
Properly structured Permanent Life Insurance policies allow the policy holders to take loans on their individual policies equity and pay dividends.
- Learn how to bypass all of the it's fees and hassles of the Banking System.
- Figure out how the top US Corporations and the wealthy use Cash Value Life Insurance to build fortunes.
- Build your own cash reverses with dividend grow that is 100% accessible anytime tax-free money.
- Want to finally get off the grid and unleash your own financial freedom?
You have come to the right place to learn all about Infinite Banking. Only 8% of policy owners understand how to unleash the power of Infinite Banking. Our mission is to educate the other 90 plus percent & help. We will teach you how to expertly design their your own Cash Rich policy, without ever charging a penny for the education. We are paid by life insurance companies if an individual decide they like our education and want to convert or purchase a new policy with us.
Become Your Own Bank
"Becoming Your Own Banker" by R. Nelson Nash is a seminal book that introduces and explores the Infinite Banking Concept (IBC), a financial strategy wherein an individual creates a private banking system using dividend-paying whole life insurance policies.
The book starts by giving an overview of the economics of the banking system. Nash discusses the role of banks in creating money and steering the economy. He then highlights the major pitfalls of conventional banking and financing structures, such as the interest costs and the loss of control over one's money.
In the next segment, Nash delves into the concept of "becoming your own banker". He proposes using a dividend-paying whole life insurance policy, not primarily for the death benefit, but for its cash value accumulation feature. He advises overfunding the policy beyond the cost of the death benefit, which allows for faster growth of the cash value.
This cash value, Nash posits, can be thought of as a "bank" from which one can borrow as needed, thus circumventing the traditional banking system. It's important to note that these loans are not subject to income tax, and they do not impact the policy's earning potential. This means the policy continues to earn dividends and interest as though no loan was ever taken, allowing for uninterrupted compounding of interest.
Nash makes it clear that this is not a get-rich-quick scheme. It requires patience and discipline, as the cash value of a whole life policy takes years to grow significantly. He emphasizes that it's the consistent application of the concept over time that yields the most profound benefits.
The author also outlines how to implement the IBC, covering topics like policy design, how to borrow and repay policy loans, and how to work with insurance companies and agents who understand this strategy.
Throughout the book, Nash uses various illustrations and case studies to demonstrate the effectiveness of the IBC. He presents examples ranging from financing cars to funding college education and retirement, showing how individuals can benefit from becoming their own bankers.
In the closing chapters, Nash underscores the tax advantages offered by life insurance policies and how the IBC provides a safe haven from economic turbulence. However, he insists that one should approach this strategy with a sound understanding and guidance from a knowledgeable financial advisor.
"Becoming Your Own Banker" by R. Nelson Nash is a comprehensive resource that demystifies the concept of creating a private banking system. However, readers should approach it with an open mind and be prepared to question traditional beliefs about money, banking, and life insurance.