Find out if becoming your own banker is a good fit for you and your family by emailing MC at: ninja@vipfinancialeducation.com Please include your name & phone number in your email and 'IBC' in the email description.
Timestamps: 0:00 - How To Decentralize Your Banking 3:20 - Infinite Banking Explained 9:50 - Market Volatility and Inflation 13:20 - Who is Infinite Banking for? 17:25 - Who is IBC NOT for?
Many mutual insurance companies have been around and paid a dividend uninterrupted since before the Civil War. For example, MassMutual, PennMutual, New York Life, Pacific Life, and so on. Since mutual insurance companies cannot do fractional reserve banking; in fact, they are cash businesses that have to prove their reserves on a quarterly basis. Suffice it to say that if insurance companies need a bailout, then every other asset is crashing HARD.
Find out if becoming your own banker is a good fit for you and your family by emailing MC at: ninja@vipfinancialeducation.com
Please include your name & phone number in your email and 'IBC' in the email description.
Timestamps:
0:00 - How To Decentralize Your Banking
3:20 - Infinite Banking Explained
9:50 - Market Volatility and Inflation
13:20 - Who is Infinite Banking for?
17:25 - Who is IBC NOT for?
What happens if the insurance company goes bankrupt? How does that effect this system?
Many mutual insurance companies have been around and paid a dividend uninterrupted since before the Civil War. For example, MassMutual, PennMutual, New York Life, Pacific Life, and so on. Since mutual insurance companies cannot do fractional reserve banking; in fact, they are cash businesses that have to prove their reserves on a quarterly basis. Suffice it to say that if insurance companies need a bailout, then every other asset is crashing HARD.
@@ejbarraza That's understandable, thank you for the reply.
Gd content
:)