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Why are we losing?
In
We have been taught and trained by the financial institutions and banks to depend on them and use money in ways that benefit them and not us:
Convenient monthly payments, use and pay later.
The more you charge, the more you save; refinance your home and buy your toys, you deserve it!.
Grow your money in qualified plans such as IRA,401K,SEP,etc. or mutual funds and CDs. But what they don't tell you is you will ,have no access, neither control of your money, unless you are willing to pay heavy penalties.
On top of that the government promotes those practices!! Guess what? These teachings make the banks and financial institutions richer and the average American poorer. (Check my videos)
The financial future in America
We learned to do banking for the benefit of Banks and Financial Institutions... Not for our benefit.
We have the opportunity to learn and practice banking for our benefit. By doing that we will be helping ourselves and the country at the same time as referenced in
"How Privatized Banking Really Works" by Carlos Lara and Robert P. Murphy, Ph.D.
There is hope!
What if there was a way that you could protect yourself from those teachings and practices, and you could recapture the interest, fees and excess taxes that you are now paying and that make the banks richer and you poorer?
How different would it be if you could learn the rules of the game (Infinite Banking Concept) and become your own banker…?
The facts!
We are lifetime consumers. Everything we buy involves financing; we either pay interest to someone else to use their money, or we give up the interest we could have earned somewhere else had we not paid cash.
The use of money has overhead; it costs money to use money.
Aristotle said about the cost of money: If you want to know the cost of money, go and borrow it from someone else!
If you have to pay interest to use money, why not pay that interest to yourself by becoming your own banker ?
You need to learn to become your own banker!
How you win! What if you could create your own Bank?
You need to review your economy and financial practices to find out how you can better allocate your money, and set up a monthly or annual payment to fund your bank (Dividend-paying whole life insurance policy) in 2 to 7 years.
You can also transfer some money you might have in a vehicle that earns no interest or it is earning taxable interest, and you would have your bank to use in 2 to 3 months.
IMPORTANT!! YOU NEED TO UNDERSTAND HERE THAT WE ARE TALKING ABOUT BANKING; WE WILL DISCUSS THE ADVANTAGES OF USING LIFE INSURANCE (the tool) LATER. (*)
Once your own bank is funded, you can use your cash value to finance your needs (cars, vacations, etc) by loaning to yourself to cover those needs. All you have to do is make sure you pay back your bank with interest to compensate for the overhead.
By borrowing and repaying at current or higher interest rates, (The same way you have to pay a third party creditor) you will be building a solid bank that will be able to handle all your future financial needs like: more cars, vacations, education, kid and adult toys, homes,etc.
The possibilities are infinite for both, individual and business use.
You would be able to create such a big fund using a whole life insurance policy that it can replace Social Security, retirement plans and other assets that are dependent on market performance.
It will become a tax-deferred money growth vehicle and it will be a source of tax-free money for retirement.
On top of that your loved ones will benefit from what is left after you are gone…(your life insurance policy will kick in) and the payment will be also tax-free.
(*)Why life Insurance?.. The benefits!
1- Tax deferred
2- Tax free use
3- Competitive IRR
4- Guarantee growth
5- Creditor Proof
6- High Contribution limits
7- Liquidity, use and control (Access to capital and options)
8- Collateral
9- Estate tax free
10- Disability protection
Do you get it now?
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Note: To really understand this recommended process, I invite you to read My 2 cents contribution.
Imagine! that very few people know about this concept and it is more than 150 year old.
To learn more and to find out if you qualify to set up your own bank applying the Infinite Banking Concept, please provide me with your contact information. I will e-mail you a Financial questionnaire.
