all businesses recognizethe fact that finance of the business is necessary—butthey never address the cost of acquisition of finance!
Whatever we may say against or in favor of this idea, the positive thinking movement in 2017 is a multi-billion-dollar industry, which rides the crest of an overarching mantra that preaches that positive thoughts create and transform reality. What I was most surprised to learn from this study was that positive thinking is a uniquely American idea, which had its beginnings in 1820.
Individuals who own one or several dividend-paying Whole Life insurance
policies that are designed in the special way advocated by Nelson Nash’s
Infinite Banking Concept (IBC) are often faced with a perplexing question
and a decision they must make whenever the need arises to purchase or pay
Cash flow really is king. It’s business 101. You can have a profitable enterprise, but if you have poor cash flow you can get yourself into financial trouble pretty quickly and even go broke. Liquidity is highly important,
especially in a recessionary environment, and must be watched constantly by the money manager at the steering wheel of a business.
Ramsey’s First Problem: 12% Returns on
Regarding the first problem, Ramsey’s figure of 12%
returns on a mutual fund is an unfair benchmark to hold
against a whole life policy. Ramsey doesn’t specify
exactly what kind of mutual fund he is considering,
but for returns that high they must be heavily equitybased
We must never forget that beyond all of
the outstanding attributes of a properly designed dividend-paying Whole Life
insurance contract and how it works, policy loans are a completely separate
undertaking and are a central feature of the Infinite Banking Concept.
The new whole life insurance products have lower guaranteed interest rates, which makes the spread between the guaranteed interest and the dividend rate much larger and since in most cases dividends are reinvested into the polices to buy more PUAs, the policies, long term have more cash value and give the client more money in retirement. The life insurance industry is in good financial strength, and we have now seen evidence that it continues to innovate and deliver excellent whole life products.
We are specifically discussing a tax strategy that calls for taking the cash flows that are already earmarked for paying your taxes and re-routing them through a correctly designed IBC policy that has the capacity to adjust to your particular situation and provide the freedom to not be dependent on outside bankers. As before, I want to emphasize that this idea does NOT reduce your tax liability—I am simply presenting options for people to redirect cash flows that would occur anyway.
I can incentivize you do just that by showing you a way to fund a large
Infinite Banking Concept (IBC)-type life insurance policy, while using cashflows that are dedicated to paying your taxes.
A common method of showing the public the power of Nelson Nash’s
Infinite Banking Concept” (IBC) is to stress its feature of “constant
compounding.” In contrast to many other asset classes, dividend-paying
Whole Life insurance always increases in value. Indeed, some proponents of
IBC enthusiastically declare: “There’s nothing else like it!”