We read “The Richest Man in Babylon” many years ago; long before we were introduced to the Infinite Banking Concept in 2008. The author, George Clason, is known for writing a series of informational pamphlets about being thrifty and how to achieve financial success.
This is an article about Entrepreneurship. It is an economic article intended to briefly explain the organization of production and how the central role in this process belongs to the Entrepreneur, the men and women who invest in “capital.” Additionally, we discuss a few
misconceptions about the processes utilized by the entrepreneur in
assembling the various means of production, especially in the area of capital formation. Included are comments on corporations, the stock market, and government intervention in the market.
The Infinite Banking Concept (IBC) is a major paradigm shift for most people. You should start by reading several times Nelson Nash’s “Becoming Your Own Banker”
These economic theorists have at their
core of thinking the principles of scarcity and choice. More importantly, they believe that economic value is subjective to the individual. These concepts, when used in the thinking process, provide the ability to see the world and especially the market economy in a uniquely different way from all other schools of thought.
We call disposable income to the amount of your annual family income that you have left after you pay all your bills. Obviously, if you have nothing left, you need to increase your family income and/or reduce your expenses. You have to do this if you wish to be financially successful.
The average American citizen simply wants to be able to live a
peaceful life, be financially secure and debt free. Why then, do
so many of us fail to attain this noble goal and 98% suffer from
cash flow problems till the day we die? Is it ignorance? Is it poor
judgment? Is it our lack of time to properly research every aspect of
money decisions, or is something else occurring that we simply are
totally unaware of?
IBC policy is that it will provide you an extremely secured and stable source of cash to supplement your
“Yes, man is endowed with the gift of reason, but he is also possessed of appetites and an aversion to labor, and too often his reason bends to his other characteristics. The failure of utopians to accept this fact, or accept man as he is, not as he ought to be, gives their schemes a dreamlike quality.” Aristotle
A lot of IBC clients ask us if they should take a policy loan or a withdrawal when they need cash from their policies.
What lies behind all of this rampant corruption and impish display on
the part of so many financial elites. This is the question all concerned citizens are asking and many answers are pouring forth from the media to help us sort this out. But, at the end of the day, are we sure we really know who or what is at fault? Are we pointing our finger at the real source of the problem?
