We get the following question quite often from prospects: What does it take to implement the Infinite Banking Concept (IBC) successfully?
With financial news reporting higher inflation due to our over-inflated government and too much money being printed, it is understandable that many people are seeking ways to personally combat the effects of inflation on their lives.
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.
An IBC policy is a dividend-paying whole life insurance that you obtain through a mutual company, rather than a stock company. Mutual life insurance companies share their profits with participating policyowners via dividends.
After completing last Month’s article in the LMR on the multi-millionaire Spencer Hays, I was moved to undertake an extensive study on the one thing that he had obviously perfected the art of positive thinking.
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
Direct recognition versus non-direct recognition is more a game of smoke and mirrors used by insurance companies and marketing organizations themselves to keep your focus away from what is important.
If you purchase an Infinite Banking policy to create sustainable wealth, you must think and act all the time as a banker to obtain optimal results. The best way to reach that state is to read and reread Nelson Nash’s “Becoming Your Own Banker”.
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.
The Infinite Banking Concept is an excellent cash flow management strategy, and this strategy is implemented through the design of a high cash value whole life insurance policy from a top-ranked mutual life insurance company. Why is it an excellent cash flow management strategy? Well, it provides you with a safe and secure place to store your money, while keeping maximum liquidity, access, and control.