Infinite Banking Truths

Sharing the TRUTH about personal finance and generational wealth || Start your journey here and escape the retirement scam👇🏼👇🏼

[Infinite Banking Truths @InfBanking]

Our idea of long-term investing:

1) Acquire quality assets with a holding period of forever
2) Take out cheap loans using those assets as collateral, never realize gains
3) Write off the interest and pay less in taxes

[Infinite Banking Truths @InfBanking]

“It is axiomatic that government sponsored programs will always accomplish the opposite of the stated intent. Check any of them out over an extended period of time and see for yourself. The most dangerous thing you can do with money is put it into government-sponsored schemes."

[Infinite Banking Truths @InfBanking]

Nelson Nash, the creator of the concept, asked "What if we DEEMPHASIZE the death benefit and focus more on the living benefit?" In other words, can a policy be structured so that it has minimal death benefit but maximal cash value, so we can use the money while we are alive?

[Infinite Banking Truths @InfBanking]

Infinite Banking is not a product, but a CONCEPT that utilizes life insurance. But it is NOT life insurance.

[Infinite Banking Truths @InfBanking]

We now have four decades of data to look at. It is undeniable that the 401k is a ripoff and hasn't delivered what it promised.

In fact, the man who is considered the "Father of the 401k", Ted Benna, said: "If I were starting from scratch today, I'd blow it up and start over!"

[Infinite Banking Truths @InfBanking]

"Your need for finance during your lifetime exceeds your need for life insurance protection. If you solve your need for finance with life insurance cash values, you will end up with so much life insurance you can’t get it past the underwriters."

Nelson Nash

[Infinite Banking Truths @InfBanking]

"It never dawns on most financial gurus that you can control the financial environment in which you operate. Perhaps it is caused by lack of imagination, but whatever the cause, learning to control it is the most profitable thing you can do over a lifetime"

Nelson Nash

[Infinite Banking Truths @InfBanking]

"For the average person in the US, 35% of their income goes to pay interest alone, to finance cars, homes and other purchases. It is making persons in the banking business wealthy. But it can be yours to enrich your life forever–if you get into the banking business.”

Nelson Nash

[Infinite Banking Truths @InfBanking]

Want to learn more about Infinite Banking but don't know where to start?

Learn how to:
- Improve personal finance
- Escape the 401k/IRA scam
- Protect your loved ones

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[Infinite Banking Truths @InfBanking]

“Every time a person buys a life insurance policy he is starting a business from scratch.”

Nelson Nash

[Infinite Banking Truths @InfBanking]

Life insurance is protection for your loved ones in case you die early. You should purchase enough so your family can maintain the same lifestyle as when you were working. Not one year's worth of your current salary, more like 10-15+ years' worth of your current salary.

[Infinite Banking Truths @InfBanking]

Why don't more insurance agents do this or explain to their clients this is possible? The biggest reason is commissions. When properly designed for you, their commission will be about 30-50% of the commission of a traditional whole life policy.

[Infinite Banking Truths @InfBanking]

Your retirement plan is making someone rich - it just happens to not be you.

[Infinite Banking Truths @InfBanking]

With infinite banking, you use dividend-paying whole life insurance to bank your money. You grow your money while protecting it from taxes and enjoying the dividend. You can access your money at any time, unlike many retirement plans, annuities, trusts, etc.

[Infinite Banking Truths @InfBanking]

“The very first principle that must be understood is that you finance everything you buy–you either pay interest to someone else or you give up interest you could have earned otherwise.”

Nelson Nash

[Infinite Banking Truths @InfBanking]

In simple words, infinite banking allows you to be your own banking system through your life insurance. It lets you take control of all your everyday banking functions and gives you complete power over your finances.

[Nelson Nash Quotes @NelsonNashQuote]

A short history on retirement age:

Let’s take time out here and examine where this weird idea of age 65 came from.

The idea of retirement is a relatively recent concept. Nowhere in history is the word even mentioned, to any a degree………

Basically the idea started in…….

[Nelson Nash Quotes @NelsonNashQuote]

In Parkinson’s Law he says, “work expands to meet the time envelope allowed.”

Check it out—give a person a job to do and give a time limit of three days to complete it.

You can bet the grocery money that it won’t get done until late on the third day!

[Infinite Banking Truths @InfBanking]

@rcanfield1 Absolutely - it forces investors further out onto the risk spectrum in order to achieve positive inflation-adjusted returns.

[Richard Canfield | Infinite Banking Canada @Richardcanfield]

Can you imagine the possibilities of being able to control your own banking system?
#StartTheConversation

[Brandon Goswick @thegoswicks]

Years ago, seeing very little in my bank account left me feeling panicked & worried.

Now, when I see the same thing I feel stoked & hopeful!

Any guesses what changed?