“Have a Happy Thanksgiving! Hoping your Thanksgiving is filled with blessings and joy!”
When you take a policy loan, the money does not come from the cash value of your Infinite Banking Concept (IBC) policy, but from the general account of the insurance company, and your cash value remains in your policy earning interest and dividends.
One of the greatest awakenings we can experience happens when we
recognize that our monetary systems rest entirely on our confidence.
Also relevant to this article is this perspective. According to the Tax Policy Center roughly 80 percent (of revenue for the federal government) comes from the individual income tax and the payroll taxes that fund the social insurance programs.
The first step in successfully implementing the Infinite Banking Concept is to read and reread Nelson Nash’s book “Becoming Your Own Banker” as many times as necessary until it becomes obvious to you that you should control 100% of your financing needs.
Isis B. Palicio, LUTCF, MBA and
Pedro A. Palicio, MBA, Ph.D.,
Infinite Banking Concepts® Authorized Practitioners
—Adam Smith, An Inquiry into the Nature & Causes
of the Wealth of Nations. Volume I, 17591
Within this quote by Adam Smith resides the
fundamental premise for the creation of the IBC
Practitioner Program for financial professionals.
Infinite Banking is an economic concept developed by Nelson Nash. It is based on the principle that you “finance” everything you buy, since you either pay interest to someone else or if you pay cash, you give up interest you could have earned. IBC is all about how to create your own banking system so you can control 100% of your financing needs.
The cash value in your Infinite Banking, or IBC policy, continuously compound. In fact, the cash value grows exponentially based on the interest and dividends allocated to your insurance contract. The meaning of exponential growth is that the growth is not the same every year but that it increases every year, and this is a very good thing!
“There are probably thousands of such
examples of misclassification that we run into every day but they
probably don’t increase the quality of our lives. Instead, they limit
our thinking and lead us to wrong conclusions. Words are powerful