This Will Change Your Mind About Infinite Banking Concept
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- čas přidán 25. 08. 2024
- It is never too late nor too soon to change your thinking about money, and the potential for financial freedom by recapturing the banking function at the individual level.
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In this video, Nelson Nash challenges conventional thinking about banking, advocating for individuals to become their own bankers through the strategic use of dividend-paying whole life insurance policies. He critiques traditional financial systems, tax-qualified plans, and societal paradigms while explaining the long-term benefits of his approach.
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📖 Nelson Nash's "Becoming Your Own Banker" Book
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🤔 ABOUT NELSON NASH INSTITUTE 😃
The Nelson Nash Institute is dedicated to the ideas of Nelson Nash, the founder of the Infinite Banking Concept (IBC). Nash's work is based on Austrian economics, emphasizing individual liberty, sound money, and limited government. The institute educates both the general public and financial professionals about the theory and application of life insurance, particularly whole life insurance.
We promote the use of whole life insurance as a key tool for implementing the Infinite Banking Concept. This concept involves using permanent whole life insurance policies as a way to manage cash flow, essentially creating a privatized banking system. The aim is for individuals and businesses to recapture interest that would traditionally be paid to financial institutions, thereby maintaining control and access to funds while achieving consistent long-term growth.
The institute offers educational programs, including the IBC Practitioner’s Program, which trains financial professionals, including life insurance agents, CPAs, and attorneys, on how to structure whole life insurance policies for their clients to function as banking policies. The focus is not on "investing in" life insurance, but on using it as a cash-flow management vehicle to achieve financial goals.
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Content, audio, video, and materials about the Nelson Nash Institute and related subjects, available on our platforms, are designed for educational purposes. They do not substitute legal, financial, or professional advice. Laws and practices vary, so consult experts for personalized guidance. Each illustration is unique; individual results vary. Specific advice fits unique circumstances. We care about accuracy but don't assume liability for errors. The mention of deposits refers to premium payments.
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This is good stuff!
Thank you!
When was this recorded?
How can I use it at 68 yrs old. I'm married with 3 children and 4 grandchildren.
I would Definitely read becoming your own banker with your family and think big. then work to start policies for the children and grandchildren. We would encourage the grandparents to Fund the grandchildren policies and the parents take care of their own then eventually their grandkids. This starts a system of banking policies for the family and allows you to build that capital and opportunity fund as a family
Start by getting the book..