Becoming Your Own Banker

Blog #14 – Ultimate Goal Of An Infinite Banking Client

Capital purchases are unavoidable expenses, and we define capital purchases as those that we cannot accommodate through our weekly or monthly cash flow. A typical capital purchase may be a car, a college education, a home, a wedding, or an exotic vacation. As we will be able to demonstrate later, the ultimate goal of an … Read more

Blog #13 – Why Would You Want To Become Your Own Banker

Because you would like to recover ― by paying to yourself ― the interest that you pay banks and financial institutions for the money they lend you to finance your capital purchases: cars, college education, professional practices, home, weddings, vacations, etc.  The average American family pays 34.5% of their after-tax income to banks, credit card … Read more

Blog #12 – Whole Life and Paid-up Additions

When purchasing a whole life insurance policy, even if it is not going to be used for banking purposes, be sure that a substantial amount of paid-up additions is included in your policy. There are two main reasons for our advice. The paid-up additions increase the efficiency of your policy in the sense that you … Read more

Blog #11 – Paid Up Additions Are Awesome

Yes, they are, but let me give some introduction before explaining why Paid-Up Additions are so great. A properly-designed Infinite Banking Concept (IBC) or banking policy originally maximizes the cash value that you obtain for a given premium while the death benefit eventually increases to be higher than in a traditionally-designed policy. This type of … Read more

Blog #10 – Every Business Owner Is Plagued By Wealth Transfers

First of all, let me explain what wealth transfers are. This is money that is being spent and can never be recovered. The major wealth transfers are: • Taxes • Interest paid to others • Investment losses Here is how a Dentist, one of our Infinite Banking clients, dealt with these wealth transfers through the use of his … Read more

Blog #9 – Comparing an IBC Policy to a 401-k Plan

Since 401-k plans are the most common option for Americans to accumulate funds for retirement, I would like to compare them to an IBC policy on four key elements. A)   Taking a loan. When you take a loan from a 401-k plan, it involves liquidating assets from your plan and therefore, you will immediately stop … Read more

Blog #8 – Why Dave Ramsey Is Wrong About Whole Life Insurance

By: Dr. Robert P. Murphy   Radio talk show host Dave Ramsey has made a national name for himself guiding people out of debt. I occasionally listen to his show (Ramsey and I both live in Nashville), and I applaud much of what he tells his listeners. In particular, Ramsey stresses the importance of having a … Read more

Blog #7 – Guaranteed Access To Credit Through Your Banking Policy

As we all know, capital purchases are unavoidable expenses and we define capital purchases as those that we cannot accommodate through our weekly or monthly cash flow. A typical capital purchase may be a car, a college education, a wedding, or an exotic vacation.One of the greatest living benefits of a properly-designed IBC or banking … Read more

Blog #6 – Tax-Free Retirement Income

A traditionally-designed whole life policy originally maximizes the death benefit that you obtain for a given premium while the cash value is originally very small or non-existent. This type of design is encouraged by most insurance agents and broker-dealers because it generates better commissions for them, but it doesn’t do much for you as a … Read more

Blog #5 – Money Velocity

By: L. Carlos Lara Becoming Your Own Banker, by author R. Nelson Nash is an extraordinary book. And yet, it’s not actually a book as much as it is a book-let. A mere one hundred and seven pages in its entirety, it dispenses wisdom and logic of a kind that only an individual who has … Read more

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