Infinite Banking Concept® Pros and Cons
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- čas přidán 25. 08. 2024
- Should you become your own banker?
In this video, we explore some of the truths and subtle points when applying The Infinite Banking Concept® in your life and how it may benefit you and your family for generations to come.
And we discuss the errors and challenges one faces when considering the implementation of The Infinite Banking Concept®.
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Call our office at 817-790-0405 for more information about the Infinite Banking Concept®.
Lay the correct foundation for your Infinite Banking education.
Click here to learn more about the Becoming Your Own Banker Starter Kit:
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This bundle includes the book "Becoming Your Own Banker" by R. Nelson Nash (the genesis of the Infinite Banking Concept®), the Banking With Life DVD, a documentary-style film. This film brings together the Infinite Banking Concept®, fractional reserve banking, Austrian economics, natural law, the boom-bust cycle of the markets, and it presents the idea that anyone can become their own banker. This film features the creator of the Infinite Banking Concept®, R. Nelson Nash, various financial professionals and premieres Austrian Economists such as Dr. Robert P. Murphy and Dr. Paul Cleveland. Banking With Life DVD also features entrepreneurs, business owners, and medical professionals.
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➳ www.bankingwit....
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Buy Nelson Nash's 5-part, 6.5-hour video series recorded live here:
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How to Finance New Cars using a "Banking" Policy:
➳ • Infinite Banking Loan ...
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Learn more about the Infinite Banking Concept®:
➳ • Infinite Banking Loan ...
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Schedule a call:
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Disclaimer:
All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.
Sounds like James was taught directly by Nash. Awesome! Most youtubers do not even mention Nash even though he is the founder of IBC. Much Appreciated in keeping his legacy alive.
That’s if it’s set up properly... dividend paying policy’s...
Thank you for ur response.
Yes! Definitely must pay the loans back if not they will continue to accrue interest over the time of the policy eating away the death benefit, if not paid back but when paid back with a little extra interest it will increases DB and cash value
Peace, love, and chicken grease 😂
what happens to the cash value if you suddenly die? does your family get it? obviously they'll get the death benefit, but do they get the cv as well?
They only get the death benefit, which is substantially more than the cash value
In my policy, the death benefit and the cash valued are bundled on death. When you put together your policy, you have total control over how to set it up. However, you have to be careful of the mech. So that your cash value doesn’t convert to taxable income. If you find an agent with a mutual company who is aware of the infinite banking concept, and you tell them what you want, you can build the policy together to get what you are trying to achieve. As an example, my agent and I put together a high cash value policy that doesn’t mech and the earnings of the cash value will eclipse the annual premiums in year four. When I take a loan, it’s at an 8% interest rate but when I pay it back the company credits the cash value of the policy 7.45%. So when I take a loan, my cash value actually earns and extra 2.55 %!
J Michael Briggs
Can i get your agent contact and what is company for life insurance you bought for infinitive banking?
On target as always! See ya on the 13th...
Always good to see you Colin!!
Still don't quite understand. Deposit my money to buy whole life insurance, then it earns a dividend, and then I pay to in effect...borrow my own money and pay interest for that? I understand, the net interest rate is the spread between the dividend in the whole life policy and the loan. So why not term insurance and keep my cash?
Because term insurance won't allow you to take advantage of the compound interest built into whole life. Also, if you don't die inside of the term, your beneficiaries get nothing.
Do you buy your food from dollar general and boycott Starbucks as well? Don’t you understand it’s about control, or do you prefer being at the mercy of the market and fed? I clearly see the benefits, idk why you don’t.
I guess Walt Disney, pampered chef, McDonald’s, jc penny and thousands of others are idiots. They should have just bought term.
@@dakotataylor4849 So the points I see in comparison to putting it in a bank or in WLI is that in bank they will use your money and chance of not coming back? and in whole life insurance it is charging interest on your money which you loan( if kept in bank- that money is free). Well then we considering the interest you get is higher than the bank and the spread should keep you afloat. And the death benefits you receive. I am quite new to this and trying to understand from all angles.