Infinity Dollars - Infinite Banking Concept

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In: Infinite Banking, Life Insurance, Money, Whole Life Insurance

An Introduction to the Infinite Banking Concept The Infinite Banking Concept (IBC) allows households and businesses to become financially independent by “becoming their own bankers.” R. Nelson Nash discovered IBC in the early 1980s, as he was struggling with high interest rates on loans he had taken out from commercial banks. As he contemplated the financial mess he’d created for himself, Nash had an epiphany: He realized he could fund Whole Life insurance policies in order to create his own set of “banks,” which would serve as a repository for his savings and allow him access to cash when he needed to make large purchases.Read More →

compound interest, save, debt, wealth creator, uninterrupted compound interest

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In: debt, Finance, Life Insurance, Money, Permanent Life Insurance, saving, Taxes

Tuesday Tip – compound interest. And, specifically uninterrupted compound interest or uninterrupted compounding.

3 financial instruments that allow for uninterrupted compounding.
1. Real Estate
2. Margin Accounts
3. Permanent Life Insurance

The major difference in all of these is, only PLI offers guaranteed growth. And, if used correctly the growth on PLI is tax free.

Financing your major purchases through your own plan can increase the average family’s wealth by $500,000 or more over a lifetime. Read More →