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The Infinite Banking Concept (IBC) is an alternative financial strategy that allows households and businesses to perform the banking function themselves. IBC uses properly structured life insurance policies for managing cash-flow while maintaining control, access, and conservative long-term growth.
The Nelson Nash Institute, named after IBC's founder and author of "Becoming Your Own Banker," provides education on life insurance to the public and financial professionals, aligning with the Austrian School of economics' principles of individual liberty, sound money, and limited government.
We believe in sharing information and profiting from shared knowledge. The Infinite Banking Concept (Infinite Banking Concepts) is Registered and Trademarked. The term Becoming Your Own Banker is Registered and Trademarked. Our Trademark usage policy is intended to restrict usage of IBC from those that willfully misrepresent it.
Infinite Banking Concept is one of the best things that have come into My life. I only wish I knew about it 30 years ago. I wonder if I would've done anything about it 30 years ago had I known. If your reading this wondering if you should do this or keep doing what you're doing is your decision. If you choose not to do it make sure you totally understand what you're passing up.
So powerful and inspirational ❤. I remember how disheartening it was the first time Nelson did a seminar for me, and there were only a handful there. Nearly 20 years later, the ones there have become their own bankers, and today experience financial freedom. IBC truly is a calling 🙏.
I don't care what your ideology is. Anyone who hears Mr Nash should be shaken to their core. I'm definitely going in this direction with my finances as my income scales.
I'm confused about how IBC exemplifies sound money. It is long term dollar denominated contracts. The dollar is not sound money. We need a gold denominated whole life policy...
While the dollar is not traditionally considered sound money, IBC policies can outpace inflation and provide financial stability. A gold-denominated policy could theoretically offer more stability against currency devaluation, but it is not a standard product in the market.
I initially struggled with this thought, as well. Ultimately though, all assets have various characteristics (hedge, liquidity, cashflow, growth, tax status, creditor protection, etc., etc.) in different magnitudes and proportions - we want the characteristics of each while protecting against currency failure, as well. Conclusion I eventually came to is to obtain AS MUCH whole life as we could be underwritten for, then use that reserve to finance gold/silver purchases to a 20% of portfolio, then use that precious metal reserve to finance lifestyle and investments. Whole life and precious metals makes up the reserve collateral in totality, while the investments refill the reservoir, and repeat.
If someone doesn't understand this, then they should have it explained to them. Most people learn about money from school, which teaches socialism:work for someone else. Churches, same thing. Once I read 3 books, asked some questions, and understoood it, traditional banking really made me angry! I'm still looking for a way to get a Whole life policy. My rich friends have them, and you become like your friends. Only financial morons get loans from bank to buy cars or houses. I wish you could get a credit card through this. Fund it for 7 years, then begin building your empire!
As for credit cards, while you can't get one directly through IBC, the cash value in your policy can be used for loans, which can serve a similar purpose without the high interest rates and fees of traditional credit cards.
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to Bitcoin .
I've never thought about life insurance as a way to beat inflation. Definitely going to check out the resources and learn more about the Infinite Banking Concept. Thanks for sharing!
$388 invested yearly in a stock market average return would be about $1,030,937.70 after 49 years. No need to buy land (if you are lucky enough to have a buddy that is selling it cheap). Just invest and watch your money grow. I do not see a benefit for most people in what he lectures about, assuming you can stay awake. He did bring out great points but very few people will ever benefit from Whole Life and most of them are the insurance salesman. Yea, some rich people can use it for generational wealth too but it takes a lot of money to make it happen. Except for a trust or tax benefit, avoid whole life unless you just want to keep an insurance agent living the good life.
Whole life insurance offers benefits that differ from stock market investments. It provides guaranteed cash value growth, a death benefit, and the ability to borrow against the policy without interrupting its growth. While stock market investments can yield high returns, they come with risks and volatility. Whole life insurance is more about financial stability and long-term planning, making it a valuable tool for generational wealth.
$388 in 1959 was nearly 10oz gold. The dividend checks shown were more like 4oz each. Respectable to be sure, but not even close to "recovered everything". He says "divide by 5" but if he was giving this talk in 2008, the dollar had fallen 20x relative to gold, not 5x.
He "recovered everything" because the dividend checks returned his cost basis in premium payments in about four years. $4000/yr x 4 yr / $388/yr = 41 years of premium payments. From there on, the policy has none of the money he used to fund it and instead is simply working on its own on his behalf. That's the 10x factor of dividends to annual premium.
@@ProCoderIO You completely ignored my point. In 1959, the dollar was credit for a defined weight if gold. If I lend you 10oz of gold and you return me 4oz, I haven't gotten everything back have I?
@@ewinslow822YOU are missing point.. not only did he recover all the money he put into the policy but he could also use the money to finance anything else he wanted…..including GOLD. Just read the book.
@@yourmovebro8650 my point is that if I lend you 10oz today and get back 4oz 50 years from now, I have lost 6oz. I don't care if you technically paid me pack the same number of collapsing pesos/dollars/shillings/etc. Gold is the baseline money to me. If you need currency temporarily, fine. Borrow against the gold.
@@ewinslow822 I heard. I was merely applying context to what he said he used the expression “recovered everything I had put in”. We can debate if WL keeps up with inflation or not. But “recovering everything out in” as stated was very specific. All his cost basis was returned in four dividend checks.
tl;dr: Don't hold your wealth in anything people can just print. Love Nelson's heart and goals. If there were a gold denominated life insurance product I'd probably be on board with this. I'd like to make a good faith attempt to explain why gold is a better warehouse of wealth than dollars. It's not so much that dollars are "worthless" (Of course, I need them to buy stuff and pay down my mortgage), but they are collapsing in value at 8% annualized since 1971. Why would I want "all of my wealth" to reside in something that goes down in value 8% annually over the long term? And USD is practically the best currency globally! Heaven help anyone in Zimbabwe, Argentina, Venezuela, Turkey, etc. The folks there also end up transacting in government paper, but they wisely do not save up in it. Putting my wealth in government currency means I'm choosing to entrust my wealth to an entity who can and does devalue my wealth by running their printing press. If instead my warehouse of wealth is gold, they can't just inflate the money supply and devalue my wealth that way. They have to take it outright.
It seems the inflation is at the target rate and yet prices are still high or have even risen. It's no longer about inflation. It's about greed. Corporations are greedy m************! The FTC is doing an investigation and discovered that one of the largest oil companies in Texas had private email discussions with OPEC. They've been collaborating on ways to keep oil prices elevated by reducing or preventing more output.
