Becoming Your Own Banker: Unlock the Infinite Banking Concept Paperback – January 1, 2009

Many people dismiss this book and it's concept because the author tells you that you have to purchase a particular type of Life Insurance policy and they don't understand what this has to do with Banking. Those people who are the ones putting 1 or 2 star reviews, DON'T understand that the Life Insurance Policy is the Bank. Not in the brick and mortar function, but in the services function. You can borrow against your own life insurance policy when you need to fund a purchase, and then you pay YOURSELF back (with interest - you decide), and this money goes back into the policy, maintaining your wealth. Versus, having to go to a bank to borrow and pay them back with interest. Instead of them getting the money, you get the money. This is the ENTIRE concept of the banking aspect of this insurance policy and why it's beneficial. In addition, once you pass, the policy pays out to your heirs. A smart way to do this, is to then take 30% of this payout and have a policy set for those heirs, so when they pass, their heirs also get the same benefit, and repeat for every generation. THIS IS HOW YOU MAINTAIN GENERATIONAL WEALTH. Imagining paying $1M into your life insurance policy over the course of say 20 or 30 years ($500/mo), and your policy is for $10M. When you die, you put in $1M, and your heirs will receive $10M. This is why EVERY SINGLE Wealthy person gets life insurance on all their family members. So whoever dies, the family estate receives $10M+ EVERY SINGLE TIME. And on top of this, you can borrow against your policy at any time, because it is a $10M policy and THAT is the collateral. So if you want to buy a $500,000 house for investment purposes, you don't need to go to the bank anymore. You simply borrow against your policy, and the repayments are made to your policy. There are also ways to tie this into a Trust or Family Foundation, to minimize and even reduce your tax obligation.Does this makes sense now?Please understand that this form of wealth maintenance also has it's own cost. A regular person working a 9-5 job @ some retail store, earning the minimum wage, won't be able to contribute to such a policy. However, once you have created some type of wealth for yourself (by maximizing your income & not buying silly stuff), then you can apply these principals to maintain and grow your wealth. Heck, you can take out multiple policies.Remember, the old saying.... "It takes money to make money." This is what this concept is about. You can't do this without having some funds. You can start out with about $10k, but you have to make sure you can sustain the monthly payments for the rest of your life (think $250/minimum to make this worthwhile). Once you stop, you don't get that money back. I suggest you speak to your insurance agent about this, and options for "Return Of Premium" in your policy. Again, this is about Financial Education, and not some short cut to wealth. THERE IS NO SHORTCUT.The ONLY SHORTCUT is Education. So, Educate yourself and your children about wealth creation and management.Also, it's easier to make $10,000 than it is to save $10,000. Go out there and start hustling as hard as you can to get this going!

A couple of years ago I was sitting on my couch and started thinking about how I can leverage my credit to do other things. I work in the credit field and I would always hear people talk about leveraging credit.I slowly began to think about ways I could access 0% loans from from Credit cards without it showing up on my credit report. Then the idea of using debt weapons to leverage to get out of debt. As I thought more and more I began to research different credit and loan tools.. Which surprised me as I slowly discovered velocity Banking. I learned that I wasn't the only one who thought of leveraging what assets you currently have, this has been around for many years.. and the more I dove into it the more it led me to R Nelson Nash.I was curious as to what was Infinite Banking.. I watched a documentary on Youtube and I was hooked. I immediately bought the book and have been reading it ever since. I'm hooked to the point where I'm implementing Velocity Banking now and will be moving to Infinite Banking in the near future. Thanks to a Youtube phenom named Denzel Rodriguez I was able to learn the basic components of Velocity Banking and implement it in my life.Reading this book and learning how to think outside the box will help free you from what you've been taught all your life about Banking. The Banking world wants us to be ignorant as much profit is made from ignorance.Phenomenal and a very necessary read for those who want to free themselves from being debt slaves. Using these principles you won't have to worry about what you can / cannot afford. You can become your own bank. Say goodbye to those stressful moments wondering if you will get approved. You will be able to approach any situation with confidence and not need the approval from a bank to do so.Buy this book, Read this book, it will change your life as it has done mine.

A common phrase of 'thinking outside of the box' is used less than the action that needs to happen. Our educational system has taught us to think one way, and that's for the benefit of others. The Banking industry is a well-oiled machine with tendrils locked into Government. There is a better way, which has been well-proven and functioning for over 160 years, including during the 'Great Depression' This book is not the only one out there, but it is the best and easy enough to understand how to move yourself forward in a fashion that works for YOU first.

Great value!

The media could not be loaded. A very curious idea and helpful to know more on the nature and possibilities of permanent life insurance as a personal bank, but the text also contained a lot of very strange religious and reactionary political views that polluted it