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Infinite Banking Think Tank 2022

IBC Authorized Practitioners

Infinite Banking Think Tank 2022
Birmingham, AL

What a blessing to spend a couple days at the Infinite Banking Think Tank with friends who love the Lord and love helping people. 🙏 ❤️ 🏦

This year’s IBC Think Tank was held at the beautiful Florentine Building in downtown Birmingham, AL. This was the perfect setting for the event with an elegant atmosphere, helpful service, and delicious cuisine.

Every year IBC Practitioners from all accross the USA and Canada come to learn and grow with each other. This year’s Think Tank theme was The “Nelson Nash Standard”.

Imagination and Learning

Nelson Nash was an advocate for continuous learning. Not only was he the bestselling author of Becoming Your Own Banker ©, but he loved to read and he encouraged others to do so as well.

Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins.

~Jim Rohn

Nelson described * Becoming Your Own Banker (BYOB) as a textbook, and his seminar as a ten-hour course of instruction about the power of dividend-paying whole life insurance.

This book is not about investments of any kind.  It is about how one finances the things of life, which can certainly include investments.  It is not about rates of return.  As time goes by interest rates are up and interest rates are down — but the process of banking goes on no matter what is happening.

~Nelson Nash
David Stearns and Nelson Nash from "This is Nelson Nash".
David Stearns and Nelson Nash

David Stearns, Nelson’s son-in-law, produced the entire event with fellow Directors of the Nelson Nash Institute, Carlos Lara and Robert Murphy.

Although primarily life insurance agents attend the annual event, this year provided further insight as to why BYOB is not a sales tool for life insurance agents. Alternatively, it is education that the life insurance industry should have been teaching to agents and the public.

IBC Think Tank Topics for 2022 included: 

  • The “Nelson Nash Standard.”
  • How does the 7702 rule effect IBC?
  • What about the 90/10 policy design?
  • How will the current state of the economy impact IBC? 

Guests and Speakers

Life Insurance Executives at the Infinite Banking Think Tank 2022
Life insurance executives visited the Think Tank and offered insight.

Regardless of your thoughts on politics and the state of our economy, we can probably all agree that times could get tough in the near future. Our ability to control our personal economies, specfically the banking function in our lives, will determine our ability to deal with whatever happens.

Rethink Your Thinking

Thinking was one of Nelson’s favorite past times and he always asked us to just think. Solutions to our problems are often right in front of us.

And, while we may complain about our situations in life, thinking can change our outlook. Positive thinking reduces stress and can provide menaingful enjoyment.

We should all have an attitude of enjoyment. God has blessed us with talents and abilities, we must use these precious resources.

“Learn to enjoy every minute of your life. Be happy now. Don’t wait for something outside of yourself to make you happy in the future. Think how really precious is the time you have to spend, whether it’s at work or with your family. Every minute should be enjoyed and savored.”

~Earl Nightingale

R. Nelson Nash, author of the bestselling book, Becoming Your Own Banker

In the book, Becoming Your Own Banker, Nash explained that Americans devote a shocking percentage of their monthly income to finance charges of various kinds like credit cards, car payments, mortgage. Yet they like to brag about the rate of return they think they are earning on their small amount of stock market investments.

Americans typically focus on the rate of interest, and ignore the volume of interest they pay out each month. This is surprising to some, realizing it’s a much larger percentage of their monthly income.

Nash often discussed the various psychological pitfalls that plague Americans and impede disciplined saving.

  • Parkinson’s Law,
  • The Arrival Syndrome
  • Willie Sutton’s Law
  • The Golden Rule
  • Use It or Lose It

Let me make it abundantly clear—I am not talking about a bank in the conventional sense of the word.  I am demonstrating that one can use dividend-paying whole life insurance to solve one’s need for finance throughout one’s life.

~Nelson Nash

The Nelson Nash Institute

The Nelson Nash Institute (NNI), was formed to provide education on the theory and application of life insurance, to both the general public and the financial services professional.

Our mission is to educate and inspire individuals to take control of their financial lives by reclaiming the banking function from outsiders.

In all, the Infinite Banking Think Tank is a place where IBC Practitioners can come and share ideas with other like minded individuals. Each year provides new insight into the world of finance and what we can do as Americans to protect our families and help control our financial futures.

Nelson Nash preacher and teacher of God's laws. Barry Page Banking Advocate
Nelson Nash and Barry Page at the IBC Think Tank.

Barry Page, RFC is recognized as a leading expert on finance, life insurance and privatized banking. He is an Authorized IBC Practitioner and independent insurance agent. He specializes in showing families how to utilize The Infinite Banking Concept.

His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market. His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast.

*The term The Infinite Banking Concept (Infinite Banking Concepts) is Registered and Trademarked.

*The term Becoming Your Own Banker is Registered and Trademarked.

2022-03-08
By: Barry Page
In: Austrian Economics, Financial Independence, Infinite Banking, Money, Permanent Life Insurance, Whole Life Insurance
Tagged: IBC Think Tank, infinite banking concept, Infinite banking think tank, Nelson Nash, truth
Previous Post: IBC the Original DeFi
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Writing On the Wall

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

Readers asked…

How can life insurance help during retirement?

“Life insurance is a private contract between the owner and an insurance company. In exchange for a payment, the insurance company is legally obligated to provide you with benefits pursuant to the contract. Specifically, these benefits can be utilized to pay expenses for long term care, as a hedge against inflation, and as a regular, predictable, and reliable income stream for life.

It’s basically a private contract that allows you to have your dollars work harder.

The primary reason people buy life insurance is to protect their loved ones from loss, however perhaps it’s best kept secret is that it can be used to provide a steady, tax-free stream of income during retirement.

There are various types of life insurance: term, permanent, universal, variable and index. Each has its own benefits, and should be configured to fit your goals.”
~Barry Page

Contact Information

Legacy Insurance Agency, PLLC
2600 Government St
Ocean Springs, MS 39564
(228) 875-5545 phone

www.legacyinsuranceagency.com 

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