· You could recapture all the money you paid for a car?
· You could recapture all the interest you paid on financing it?
· You could make the same profits as the banking institution that financed it?
AND --- DO IT ALL ON A TAX-FREE BASIS!
Infinite Banking teaches the process of using your current flow of finances versus consumption of money, for integrating protection and wealth accumulation enabling one to enhance their assets without creating additional liabilities. If you had your own grocery store would you buy groceries from a competitor's store? If you owned your own bank, would you borrow money from a competitor's bank? Most people agree that if you own a business, it makes sense to fully utilize that business and all its assets for not only your business but also for your personal needs. Yet that is not generally what happens especially when we make significant purchases such as cars, equipment, and homes.
YOU CAN LEARN HOW TO…
· Use available savings and cash flow to build your own “bank”
· Finance things you buy through your own “bank” with loans from your “bank” to you
· Repay your “bank” exactly the same way as you would repay the financial institution you would use otherwise
· Build a system of banks that increases your personal wealth
Consider this, "we finance evetything that we buy." We either pay interest or we give up earning interest.
Here's the problem, the average American pays 34.5 cents of every disposable dollar to interest! And, we are not saving enough money. Currently the American savings rate is near it's lowest in history, comparable to what it was during the Great Depression. Yet, most people are more concerned about earning interest than paying interest. Even if we were saving 10% of our income (the U.S. average is less than 3%), that would mean that our ratio of paying interest to saving is 3 to 1. Rather than fighting a head wind, wouldn't it make more sense to create our own perpetual tailwind?
You can using the Infinite Banking Concept™. Though this concept has been around as long as the process of arbitrage, Nelson Nash was the first to explain in it in an easy to read book,
Becoming Your Own Banker™. The book details how anyone can create their own banking system using ordinary, dividend paying, whole-life insurance.
While the book has it's skeptics, and some naysayers have even called it a scam, the process is undeniable. You will need a coach, preferrably a qualified life insurance agent that practices the Infinite Banking Concept™ themselves. Don't expect to buy life insurance direct from the company, or ask the home office how the process works, they won't know.
So, if you are tired of paying your hard earned money to the banks and financial institutions, and you want to recapture this interest and deposit it into your own bank, then read the book. You'll learn the basics, see lots of examples of how you can use the concept, and understand what it means to be an "honest banker."
You can purchase the book Becoming Your Own Banker™ here: http://www.legacyinsuranceagency.com/BYOB
Stop Paying Interest and Start Earning Interest Now! The possibilities are infinite...
Until next time,
Barry Page is a member of the Infinite Banking Concept Think Tank and a licensed insurance agent.