Infinite Banking Concept - Being Your Own Bank is Part 2 of The Infinite Banking Concept Series. Go to the end of the article for the rest of the series.
This concept is a strategy coined by Nelson Nash. It allows individuals like you and me to function like a bank.
Banks come and go but this strategy is sound and has been in force for many years. Now, you are about to learn how you can bank on yourself and recapture all the interest that you pay to financial institutions.
The Infinite Banking Concept is a process and not a product. It has nothing to do with investing but everything to do with financing. However, when this strategy is combined with a product that gives you control over your money, it will beat any investment system.
Consider this concept: You finance everything. This simply means that you either pay interest to someone else (bank or other financing institution) or you give up interest you could have earned otherwise.
This is why this process is so powerful. It helps you accelerate your wealth by you becoming your own banker and not giving up interest earning potential.
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The Infinite Banking Concept is a strategy that has been used by banks, wealthy individuals, and large corporations. There is one product that can implement this strategy most efficiently and effectively. You may be surprised.
But before we reveal what type of product you use for this strategy, be open-minded. The following product is something that most popular financial experts dislike. However, these so-called experts are not aware of this type of product, as well as many individuals in the financial services arena.
But there is more to the story than they know. Banks, large corporations, and the rich use it to grow their wealth. But, you do not have to be wealthy to take advantage of the strategy.
Refrain from your knee jerk reaction. Remember, financial products are neither good nor bad. The process, plan, or strategy is always more important than the product.
The additional death benefit that a premium paid to the PUA rider is the only amount of death benefit that premium can buy. This makes it less risky for the insurance company. Thus, they allow the cash value in the PUA rider to grow quicker, turbo-charging your policy.
If you are searching for wealth without risk, then whole life insurance polices may be for you. The way they are designed make them more efficient over time. The reason is because as time progresses, the cash value within the policy will meet the death benefit, decreasing the risk for the insurance company.
As Nelson Nash will tell you, there is risk in NOT taking advantage of this process. You should be in at least two types of business: your current occupation and banking. The Infinite Banking Concept gives you the power to create exponential wealth in a guaranteed, safe, and secure manner.
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