How Nelson Nash discovered The Infinite Banking Concept! It's always been there, just had to see it, #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #ReiTailwind #generationalwealth #becomingyourownbanker #NelsonNash
In the book, Becoming Your Own Banker, Nelson Nash explains the 4 ways to purchase cars over your lifetime. He compares 2 twin sisters that both purchase the exact amount of cars for the exact price over 44 years. There are 4 ways to have a car. 1. Lease 2. Bank finance 3. Pay cash 4. Byob method The one sister saves up cash in bank CD'S and the other one purchases a whole life policy specifically designed for high cash value. The CD sister empties her account every 4 years and pays herself back the same amount as the premium of the whole life sister. Over their lifetime they do this... The whole life sister actually withdrawals from her policy which isn't the way we would recommend, but Nelson knew people didn't like the idea of loans... The best way would be for the whole life sister to take a collateralized loans against her cash value and then repay the loan... At passive income time the two sister meet and compare vales. The CD sister had about $250,000 and never paid a dime in interest. The whole life sister had over $900,000 in cash value and $1.2 million in death benefit (the CD sister followed Dave Ramsey and chose to "self insure" meaning she didn't have any life insurance, probably hates her children and grandchildren) but I digress.. The CD sister takes $50k in retirement per year and is out of money in 5 years. The whole life sister takes $50k for retirement and her policy continues to grow over the rest of her life. She has a happy retirement and leaves a legacy for her children. Some so called financial gurus hate whole life, but this simple comparison shows that as far as large purchases over a lifetime that whole life (becoming your own banker) is superior to all other forms of financing, well unless you consider theft... But only the government can legally do that. Get the book, Becoming Your Own Banker and learn the truth about money... #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #generationalwealth #becomingyourownbanker #NelsonNash image
What does the "C" in IBC The Infinite Banking Concept mean? #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #generationalwealth #becomingyourownbanker #NelsonNash
Set up for the Nashville Real estate investors network #reintn so many lenders and hard money lenders... How do you think they make money??? Why not do what they do... Become Your Own Banker... #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #ReiTailwind #generationalwealth #becomingyourownbanker #NelsonNash image
Interviews with #NelsonNash #3 what is the B in IBC... It's the banking function! #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #generationalwealth #becomingyourownbanker
Conversation with #NelsonNash the creator of the Infinite Banking Concept... What does the I in IBC stand for? #2 #ThinkDifferently #DynastyWealthPartners #InfiniteBanking #FinancialTailwind #generationalwealth #becomingyourownbanker #NNI
Do you actually understand what "Cash Surrender Value" is? In Whole Life Insurance, the cash value is the actuarially expected, present discounted value of the future death benefit to be paid, minus the flow of remaining premium payments. The Cash Value IS the death benefit. It's not separate or a "side account" it cannot be extracted from the death benefit. Just like the equity in your home cannot be extracted from the total value. Learn more at the Nelson Nash Institute: https://infinitebanking.org/banknotes/cash-value-vs-death-benefit-in-life-insurance/ref/49/ Shoot me a message if you have any questions on Life Insurance, Infinite Banking, or would like to get setup to Become Your Own Banker. #ThinkDifferently #DynastWealthPartners #GenerationalWealth #BecomeYourOwnBanker #InfiniteBanking #FinancialTailwind