What is the Infinite Banking Concept?
Just imagine – If you could somehow recover all the interest you are currently paying, (or will pay) to outside lending institutions, how much of an impact would that have on your financial well-being?
That includes student loans, car loans, credit cards, business loans and even mortgages. The average hard-working person today pays out 34 to 64 cents of every dollar they earn as an interest expense. On top of that, the average hard-working person is paying 30 to 40 cents of every dollar they earn to their favorite uncle – Uncle Sam.
Just imagine, having all that interest come back to you in a tax-favorable account that you own and control. What opportunities could you and your family take advantage of in your life with even half of that cash back under your control?
The basic idea behind the Infinite Banking Concept, or IBC, is for individuals to regain Power and Control over their financial lives and the banking functions of their everyday lives.
You see, we finance everything we purchase:
IBC is a strategy where people can essentially do both.
How is this possible? By having every dollar you earn do more than one job.
Right now, when you spend $1.00, it only does one thing for you. It buys gas or it buys food or maybe it pays a bill. Perhaps it goes towards a vacation or a large purchase. But once it leaves your hands (or electronic account), it is gone forever, and you must expend more of your life energy to earn more money.
But what if there was a strategy that teaches people how to get every dollar they earn to do more than just one job simply by moving it through an asset that they own and control? And, what if this strategy was accessible to the everyday hard-working person?
This is the essence of the Infinite Banking Concept, originally championed by R. Nelson Nash in his book Becoming Your Own Banker.
Just imagine – If you could somehow recover all the interest you are currently paying, (or will pay) to outside lending institutions, how much of an impact would that have on your financial well-being?
That includes student loans, car loans, credit cards, business loans and even mortgages. The average hard-working person today pays out 34 to 64 cents of every dollar they earn as an interest expense. On top of that, the average hard-working person is paying 30 to 40 cents of every dollar they earn to their favorite uncle – Uncle Sam.
Just imagine, having all that interest come back to you in a tax-favorable account that you own and control. What opportunities could you and your family take advantage of in your life with even half of that cash back under your control?
The basic idea behind the Infinite Banking Concept, or IBC, is for individuals to regain Power and Control over their financial lives and the banking functions of their everyday lives.
You see, we finance everything we purchase:
- We either borrow money from lending institutions to purchase.
- Or we save up money over time to pay cash for the items we want and need while giving up the earning potential of those dollars forever.
IBC is a strategy where people can essentially do both.
How is this possible? By having every dollar you earn do more than one job.
Right now, when you spend $1.00, it only does one thing for you. It buys gas or it buys food or maybe it pays a bill. Perhaps it goes towards a vacation or a large purchase. But once it leaves your hands (or electronic account), it is gone forever, and you must expend more of your life energy to earn more money.
But what if there was a strategy that teaches people how to get every dollar they earn to do more than just one job simply by moving it through an asset that they own and control? And, what if this strategy was accessible to the everyday hard-working person?
This is the essence of the Infinite Banking Concept, originally championed by R. Nelson Nash in his book Becoming Your Own Banker.
Though banking has been around for ages, and life insurance has been around for over 250 years, Mr. Nash saw how the two could be used together by anyone, not just big business or those already wealthy. In his book he demonstrates that by creating your own private banking system through a mutual insurance company with a specially designed high cash value dividend paying contract, and running your dollars through this system, you can significantly improve your financial well-being. At its core, the concept is as simple as that. Yet most people overthink it, by focusing solely on unpredictable rates or return, instead of focusing on the actual flow of their money.
Creating your very own Infinite Banking Concept (IBC) can be done in a variety of creative ways without spending any more money than you are currently spending. At first, its typical to start a small system and build up over time. This is part of the process, as it takes time to grow a system to handle everything we would want it to do. Thinking long term is critical. My wife and I started with a small system and as of this writing we are in the process of opening our fourth banking system. I only regret is that I wish someone had taught me this concept 40 years ago.
Just keep in mind that you will be in some financial situation 10, 20, or even 40 years from now. To get there we must start somewhere.
Creating your very own Infinite Banking Concept (IBC) can be done in a variety of creative ways without spending any more money than you are currently spending. At first, its typical to start a small system and build up over time. This is part of the process, as it takes time to grow a system to handle everything we would want it to do. Thinking long term is critical. My wife and I started with a small system and as of this writing we are in the process of opening our fourth banking system. I only regret is that I wish someone had taught me this concept 40 years ago.
Just keep in mind that you will be in some financial situation 10, 20, or even 40 years from now. To get there we must start somewhere.
There is an old African proverb that asks, “When is the absolute best time to plant a tree?”
Answer = Twenty years ago as they take time to grow.
It goes on to ask, “If you didn’t plant the tree twenty years ago when is the absolute next best time to plant the tree?” Answer = Right now as they take time to grow.
To obtain true financial freedom we all have start somewhere. We must take those first baby steps before we can imagine running a full marathon. This is where an Authorized Infinite Banking Practitioner from Dottenwhy Financial Group can bring real life-changing value to your financial well-being, as we come along-side to help solve your financial problems.
Keep in mind the conventional financial industry has no interest in solving financial problems as that is not profitable for them, their only desire is to charge you commissions or fees to manage your money while risking it on Wall-Street.
Once created, from day-one you will have access to cash in your system. This personal private pool of money grows guaranteed, and can be used to pay down debts, purchase assets, and take advantage of opportunities. Your savings, investing, and living dollars can now be first redirected through your “Private Banking System” before moving on to do other things for you.
The payments that would have otherwise gone to an outside banking institution are now being paid back into a system that you own and control at the same market interest rate that would have been used. The result? More money goes into your system, while each dollar is performing multiple jobs.
Recapturing interest and reducing your tax burden is a great. But it gets even better.
The specially designed high-cash value dividend paying whole life insurance policy we design for you guarantees growth at competitive rates, meaning you will never risk losing your principal and never lose previous gains. The money can be utilized tax-free and you will have full access to your money without any penalties, fees, or review boards, or additional collateral to use for whatever you desire.
The money you use can be paid back at your leisure with no set repayment schedules and when the time comes, you can pass on everything you have built up to those you love and care about 100% tax-free.
Sounds amazing, right?
This is exactly what the wealthy have been doing for years. This is how families pass on systems of wealth that enable the next generation to follow their dreams, start a business, and take advantage of opportunities without losing it all to estate and inheritance taxes.
Corporations and banking institutions use this strategy to create working pools of capital for their business. The investment banks have billions of dollars in high cash-value dividend paying whole life insurance. Mr. Ken Lewis, CEO of Bank of America, has tucked away $53 million of his personal net-worth in a high cash-value dividend paying whole life insurance policy to secure his retirement, yet I doubt these institutions will educate you to do likewise.
JC Penny used this strategy to save Penny’s from the Stock Market crash of 1929, Walt Disney used this strategy to begin his dream of building a theme park for children, Ray Crock used this strategy to build the McDonald's into an empire. I’d love to share more examples.
The real question is, what do you want?
Peace of mind? Financial security? A sound financial solution that doesn’t rely on risky unpredictable rates of return? To have cash for emergencies and opportunities? To have something to pass on to those you love and care about?
Are you willing to learn more? Keep in mind readers are achievers!
At Dottenwhy Financial Group, our mission is to educate and inspire individuals and small business owners to take back the Power and Control of their financial well-being by reclaiming the banking function in their lives from the outsiders.
Our vision is a free society characterized by creative, privatized banking solutions independent of government intervention. We recognize that true freedom incorporates financial freedom.
We require that all of our clients read R. Nelson Nash’s book “Becoming Your Own Banker”. As my father always said, “You must have skin-in-the-game-son”. It’s a quick and easy read and it allows us to know we are working with someone who has a sincere desire to learn the necessary information that is required to change one’s financial well-being for the better.
Many people I meet, simply wish their financial circumstances would change for the better or hope to find some financial guru who can perform magic tricks to create wealth for them. The absolute best investment you could ever make is an investment into your personal knowledge.
You can contact our office to order your copy of “Becoming Your Own Banker” as we order them in volume to be able to pass a discount on to you, or you can go direct to www.infinitebanking.org and order your copy there.
At no cost or obligation to you, I will teach you more about how IBC has been life changing for me and my family personally and my business as I finance everything through my own private banking concept.
I will personally review your current financial situation to gain a full understanding of your goals, needs, and economic concerns and then help you design a custom plan to resolve your concerns. There is never any obligation at any point in our process.
Whatever you decide, take the next step today. This is your life. This is your legacy.
All of our current clients say the same thing. “Kevin, I wish someone had taught me this concept many years ago”.
Contact us today to see how “Becoming Your Own Banker” can regain your financial Power and Control and put you on the path to financial freedom.
Answer = Twenty years ago as they take time to grow.
It goes on to ask, “If you didn’t plant the tree twenty years ago when is the absolute next best time to plant the tree?” Answer = Right now as they take time to grow.
To obtain true financial freedom we all have start somewhere. We must take those first baby steps before we can imagine running a full marathon. This is where an Authorized Infinite Banking Practitioner from Dottenwhy Financial Group can bring real life-changing value to your financial well-being, as we come along-side to help solve your financial problems.
Keep in mind the conventional financial industry has no interest in solving financial problems as that is not profitable for them, their only desire is to charge you commissions or fees to manage your money while risking it on Wall-Street.
Once created, from day-one you will have access to cash in your system. This personal private pool of money grows guaranteed, and can be used to pay down debts, purchase assets, and take advantage of opportunities. Your savings, investing, and living dollars can now be first redirected through your “Private Banking System” before moving on to do other things for you.
The payments that would have otherwise gone to an outside banking institution are now being paid back into a system that you own and control at the same market interest rate that would have been used. The result? More money goes into your system, while each dollar is performing multiple jobs.
Recapturing interest and reducing your tax burden is a great. But it gets even better.
The specially designed high-cash value dividend paying whole life insurance policy we design for you guarantees growth at competitive rates, meaning you will never risk losing your principal and never lose previous gains. The money can be utilized tax-free and you will have full access to your money without any penalties, fees, or review boards, or additional collateral to use for whatever you desire.
The money you use can be paid back at your leisure with no set repayment schedules and when the time comes, you can pass on everything you have built up to those you love and care about 100% tax-free.
Sounds amazing, right?
This is exactly what the wealthy have been doing for years. This is how families pass on systems of wealth that enable the next generation to follow their dreams, start a business, and take advantage of opportunities without losing it all to estate and inheritance taxes.
Corporations and banking institutions use this strategy to create working pools of capital for their business. The investment banks have billions of dollars in high cash-value dividend paying whole life insurance. Mr. Ken Lewis, CEO of Bank of America, has tucked away $53 million of his personal net-worth in a high cash-value dividend paying whole life insurance policy to secure his retirement, yet I doubt these institutions will educate you to do likewise.
JC Penny used this strategy to save Penny’s from the Stock Market crash of 1929, Walt Disney used this strategy to begin his dream of building a theme park for children, Ray Crock used this strategy to build the McDonald's into an empire. I’d love to share more examples.
The real question is, what do you want?
Peace of mind? Financial security? A sound financial solution that doesn’t rely on risky unpredictable rates of return? To have cash for emergencies and opportunities? To have something to pass on to those you love and care about?
Are you willing to learn more? Keep in mind readers are achievers!
At Dottenwhy Financial Group, our mission is to educate and inspire individuals and small business owners to take back the Power and Control of their financial well-being by reclaiming the banking function in their lives from the outsiders.
Our vision is a free society characterized by creative, privatized banking solutions independent of government intervention. We recognize that true freedom incorporates financial freedom.
We require that all of our clients read R. Nelson Nash’s book “Becoming Your Own Banker”. As my father always said, “You must have skin-in-the-game-son”. It’s a quick and easy read and it allows us to know we are working with someone who has a sincere desire to learn the necessary information that is required to change one’s financial well-being for the better.
Many people I meet, simply wish their financial circumstances would change for the better or hope to find some financial guru who can perform magic tricks to create wealth for them. The absolute best investment you could ever make is an investment into your personal knowledge.
You can contact our office to order your copy of “Becoming Your Own Banker” as we order them in volume to be able to pass a discount on to you, or you can go direct to www.infinitebanking.org and order your copy there.
At no cost or obligation to you, I will teach you more about how IBC has been life changing for me and my family personally and my business as I finance everything through my own private banking concept.
I will personally review your current financial situation to gain a full understanding of your goals, needs, and economic concerns and then help you design a custom plan to resolve your concerns. There is never any obligation at any point in our process.
Whatever you decide, take the next step today. This is your life. This is your legacy.
All of our current clients say the same thing. “Kevin, I wish someone had taught me this concept many years ago”.
Contact us today to see how “Becoming Your Own Banker” can regain your financial Power and Control and put you on the path to financial freedom.
