The infinite banking: This concept is a strategy coined by Nelson Nash. It allows individuals like you and me to function like a bank. Banks come and go but this strategy is sound and has been in force for many years. Now, you are about to learn how you can bank on yourself and recapture all the interest that you pay to financial institutions.
The Infinite Banking Concept is a process and not a product. It has nothing to do with investing but everything to do with financing. However, when this strategy is combined with a product that gives you control over your money, it will beat any investment system.
Consider this concept: You finance everything. This simply means that you either pay interest to someone else (bank or other financing institution) or you give up interest you could have earned otherwise. This is why this process is so powerful. It helps you accelerate your wealth by you becoming your own banker and not giving up interest earning potential.
Your Infinite Bank Account
An Account – You open an account, and make monthly, quarterly, or annual deposits into your account.
Guaranteed Growth – The cash in your account grows at a guaranteed rate. You also earn dividends.
Borrowing Power – You also can borrow against the money in your account in the form of a policy loan to buy cars and homes, pay off college loan debt, or anything you desire! There is no credit check and no qualification procedures.
Continued Growth – Since loans can be taken against the cash value, the money in the account stays put and it continues to grow. It is acting as collateral. You pay back the loan with interest but you are paying your banking system back the interest and not to the credit cards or mortgage companies.
Tax Advantaged (a critical tax saving tip) – This account allows your money to grow tax advantaged, which is better than tax-deferred.
Shelter – The money in your account is sheltered from Modi or Govt of India. You use seed money (taxed money) rather than giving him your harvest money (pre-taxed contributions pay tax at the end).
The Infinite Banking Concept is a strategy that has been used by banks, wealthy individuals, and large corporations. There is one product that can implement this strategy most efficiently and effectively. You may be surprised.
But before we reveal what type of product you use for this strategy, be open-minded. The following product is something that most popular financial experts dislike. However, these so-called experts are not aware of this type of product, as well as many individuals in the financial services arena.
But there is more to the story than they know. Large corporates and the rich use it to grow their wealth. But, you do not have to be wealthy to take advantage of the strategy.
Refrain from your knee jerk reaction. Remember, financial products are neither good nor bad. The process, plan, or strategy is always more important than the product.