The Dynamics of Banking: Understanding the Flow of Money and Personal Responsibility
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- čas přidán 25. 08. 2024
- Understand how money flows and the hierarchy of where it can be put to work, from shopping centers to mortgages. Learn how personal responsibility and wise financial decisions are essential for successful financial management. Click Here👉 infinitebankin...
In this video, delve into the fascinating world of managing your own finances and becoming your own banker. Discover the intricate roles of insurance companies, trustees, and policyholders in the financial play.
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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.
© 2023 Nelson Nash Institute. All rights reserved.
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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Another great lesson from Nelson!
Nelson was such a humble yet brilliant person. There’s nothing more important than this in the financial sector.
He was truly one of a kind. Thanks for the comment!
Nelson was a True Humanitarian!!!!!!
Quite insightful.
I've decided to become my own central bank so I'm going to print my own money. Wish me luck! 😂
Hilarious.........
I’m not sure you get it or your joking
You don't need luck. Embrace crypto then you can create your own currency as much as you want. I did it.
😂 thx for the laugh
Don’t steal the fake tyrannical government hates competition 😂
That makes a lot of sense. You do what the Fed does. You loan yourself some money, so you feel like you are rich. Write an I owe you, to yourself, and make yourself into a millionaire, in a few seconds.
Thank you I could and will listen all day 😉
Be your own banker this i like. 😊
Awesome video 👍
Thank you 👍
@nelsonnashinstitute You are very welcome. I'm glad you like the content 😍
nice!
for those who want to pay extra directly on their mortgages in a tragically slowing economy presuming to 'reduce their risks,' please watch the segment at 8:44 a few times
For those of us who paid off their mortgage - that feeling is worth much more than the concerns noted....
although I did it through selling certain assets and paying large lump sums from excess cash - and I also did it when the economy was in good condition - not sure if I would part with that much now though as I'm liking having a decent cash cushion...but everyone needs to evaluate their own situation.
i dont pay extra i chunk extra to the principle.....My HELOC is why!!!!! i will be done in 6.4 years....
Be your own bank
This this principle universally applicable or it only applies in the US
When I think about it, it is quite ubiquitous in every banking system around the world. The insurance companies take the premium from the depositors which is real money from activity. The money that the Central Bank prints is not backed by anything, especially after the doing away of gold standard. Hence, it is not real money. The life insurance companies puts the money you give them into real estate, mortgages, loans for example. The Trustee of your premium becomes the owner of the property and money as a result because it all comes back to them. So whatever money you believe to receive from the insurance company is in fact money they earned from your spending in the cash-flow cycle. Hence, “don’t make foolish purchases” and “You can’t steal the peas” from the insurance companies.
Hope it helped. Had to listen several times till I got it 😅
What about those that had AIG insurance?
AIG insurance company collapsed .... I'm new to this subject and so how do you know that the insurance company is sound and wise with their investments?
Excellent question.
Was AIG a mutual life insurance company with at least a century of dividend payments? These criteria severely narrow the scope and protect us.
@@heyerstandardsIn addition, AIG is one company.....as opposed to the 500+ banks that have failed since 2008.
The insurance that caused aig to collapse was insurance on CDOs and crappy financial products that brought down the system. The life and other business lines were actually very stable but they insured crappy financial products which led to thier downfall
AIG was bailed out. And the US taxpayer lost nothing on the transaction.
Best answer, read Nelson's book: Becoming Your Own Banker (and listen to it) as many times as it takes to completely understand it, then move forward and learn all of the details that the modern DPWLI companies are offering! Namaste!
its the infinite banking system hes talkin about
AWESOME STUFF
I am really worried about the current bank crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
your worried for the wrong thing....be worried for yourself because you haven't understood infinite banking!!!!!!
If the Fed is going to become the central bank under Fed now, how can you start your own bank? From my understanding there will be only one bank.
you keep thinking a bank is a place.....banking is a process...YOU ARE A BANK!!!!!!!!!!!!!!!!!
I don't follow. I'm trying but we aren't speaking in details. tHanks for the video. Have a nice tHanksgiving
@@markf.2050....I'm getting sleepy.
Happy New Year Mark!
Maybe the words are different there but in Australia this would make sense if it were a discretionary trust where you borrow back your own money whenever you need big purchases. But life insurance? As in like, I pay x per month for y if I die.. how does that keep your money in your own hands?
So the whole life policy is a trust that accumulates an increasing cash value. This is so that the company has most of the final lump sum set aside to pay in the event of the death of the person.
They need to utilise the capital that they hold so they will invest the money somewhere. This includes loaning out the principle to someone. So if they loan the money to the policy holder that person is increasing the cash value as they pay intrest and are guarenteed to return the principle to the insurer because the face value will pay out in the event of death thus limiting their own loss.
The specific whole life insurance must be one that pays a dividend to the policy holder. The policy holder can use that dividend as a premium to buy more insurance of the same type. Giving this a compound effect over time and thus multiple cash value pots that pay a dividend and can be loaned out to the policy holder.
Effectively insurance companies are a pyramid scheme where the people paying in and financing the activity of the company for their asset aquisition and liability payments when they are realised as expenses. The infinite banking takes advantage of this but relys on the contract being drawn up in a specific way, the jurisdictional laws where the insurance is operating allowing the contractional obligations and the person understanding and having the initial cash flow and capital to take advantage of the plan. It is not get rich quick, it is build a compounding machine and live within the means. The useful thing is that you could take out a loan to procure assets and other investments. But you must always pay back your policy loan. Note you get a consistent rate and value on repayment so it does not change. But the loaned value to the policy holder is not income so is not taxed as such. It is not an asset so there is no capital gains. The insurance company pays all the taxes based on the revenue of the company and any taxes required by the jurisdiction they operate in. Trusts are usually tax exempt in common law countries which is why they are used for insurance.
Banking with extra steps
The machine and mechanisms are amazing, but ur behavior determines how well they will perform.. don’t b a fool.. beautiful
The only problem with this strategy is the system itself. Almost every insurance company and bank is insolvent due to massive losses on treasuries. And of curse the existing federal reserve note that we know as a dollar, is a fiat ponzi with no backing. If you really want to be your own bank, and you should, stack gold and when the time comes provide financing to those who need it.
💯
He just told you what the insurance companies invest in and he never said treasuries. Sure, they might invest in some treasuries, but even if they do, it's not where they primarily invest.
explain to me how would a strategy be a problem when it is releasing you from relying on banks....it so simple!!!!
Sounds exactly like Zig Ziglar
Yep, it is smoke and mirrors.
No gold or silver?
pork bellies!
Waste of time unless you mine it
Both imo… need a reservoir of capital that helps solve for finance cost, inflation, taxes and creditor protection while positioning to finance life and opportunities. Precious metals definitely factor as hedge on inflation and further reliable collateral, but after accounting for human life value in whole life insurance coverage. Once that reservoir hits it ceiling, complement with precious metals.
Be your own: banker, employer, doctor, mason, pilot, mechanic, tailor, baker, cook, farmer... Did I miss anything?
Engineer
Every transaction, whether with cash or debt, has finance cost… so, every transaction requires banking function without virtually any skill to gain a significant advantage - only imagination and capital.
The others listed are attained skills, but all of which require a banking function. Banking is present always, but most elect to hand the advantage over to others.
Do everything yourself, if you can,. Don’t leave it to others, they don’t have your interests at heart.
Todays highly corrupt central banking only grows more powerful and corrupt when we tact on more fascist monetary and fiscal policies. The goal for our freedom is to promote more free market forces
@@markf.2050 the commission argument; the Dave Ramsey bias is strong :)… along with limited math skills. I just happen to be my own agent, so not that this matters much… I never really need to concern myself with commissions in excess of contract minimum. With that fund of capital that you speak of, somehow this “pretend” banker has found himself with just plenty thru control of finance cost, inflation and taxes, and most importantly thru resulting opportunities that liquid “working” capital introduces…I no longer need to be concerned about earned money such as commissions. Not typically the case for a Dave Ramsey advisor. Use of cash, btw, does NOT resolve for finance cost… net present value of opportunity cost is a significant finance cost
Nothing useful said in this interview…
I agreed. I listed to it twice and still don’t understand it. I have an MBA from top school and banking experience. All I heard are things I already know, etc Trust, grantor and trustees and Bennies. The actual mechanics of how to be your own bank isn’t there.
Agree with you both. I am a cfa charterholder and what he says doesn't make sense. Why would you prefer to borrow from life insurance instead of a bank? I assume in both cases you pay interest, but in the life insurance, you also pay the premium!
@@AF_CSLI haven't done it yet, but from the sound's of it, it seems that when you borrow against the life insurance policy, the interest or some of the interest goes into the policy, making the policy larger. When you borrow from a bank, as we all know, the bank gets all the interest.
Insurance SCAM !
This guy is a life insurance salesman. Beware. It will be years before you realize you just handed him a bunch of money.
This could very well be the worst financial counsel I've ever heard.
I'm not an expert in money, nor an exceptional amateur. But, I have a proven BS detector. I'll get my financial advice outside of an insurance sales floor.
when you grow up and realize banks fooled everybody and thats why they exist!!!!! get your financial advice outside a bankers sale floor too
Let`s make English understandable, this guy ….is not