In today’s episode, I will discuss how to reclaim the banking function in your own personal and family economy through the Infinite Banking Concept. Nelson Nash, the author of Becoming Your Own Banker, said that every person should be in two businesses, the business that you are currently in and the banking business. Wealthy families think like a bank, act like a bank and become their own bank.
In this episode, I talk about how to implement the Infinite Banking Concept and the benefits, advantages and guarantees of the strategy based on dividend-paying whole life insurance.
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This is one of the best lectures I’ve heard so far on this subject which is somewhat counterintuitive. Thank you so much M.C. for putting this together. There were a couple tidbits I hadn’t understood before like the idea that a policy loan actually comes out from the whole mutual company rather than just your personal policy. I’m so glad to have gotten started with this and I look forward to using it as a financial center of my life in the coming years.
I think I would give people this podcast as a very good starting point.