Now is the Time for IBC
The Time is Now for Whole Life Insurance and Infinite Banking (IBC) is the Way.
Uncertain Taxes, Government Plans, Bank Rules and Red Tape are just a few of the reasons to start your own Privatized Banking System using IBC.
Learn more in this video: Infinite Banking ∞ The Simple Way To Have Your Dollars Work Harder
What is the Infinite Banking Concept (IBC)?
Infinite Banking is a predictable way to create financial independence and freedom using your own personal capital. By practicing the Infinite Banking Concept™ you can grow your family’s wealth safely and predictably without traditional banks or government retirement plans.
When first looking at IBC, people want to compare it to other assets, but it is an AND asset. You can have other assets AND practice IBC.
Infinite Banking makes your other assets better by keeping you in control.
Becoming Your Own Banker – Unlock The Infinite Banking Concept isthe bestselling book by R. Nelson Nash.
Short Term Thinking
The biggest objection from newcomers to Infinite Banking, is the availability of funds in the early years. This is usually the result of short-term thinking. We’ve been programmed by the media for instant gratification and told that we can get rich quick.
In the case of whole life insurance, it provides protection from day one, but it takes time to grow your personal wealth.
When first looking at IBC, many people want to compare it to other assets, but it is an AND asset. Meaning you can have other assets, AND practice IBC by investing in assets that provide growth.
Infinite Banking makes your other assets better by keeping you in control of your money, protecting you from losses and giving you access to capital.
Why the Financial Gurus Have it All Wrong
Watching the news this morning, I heard some interesting information that I found disturbing. A financial guru was giving financial advice on how to invest in the stock market.
He started out with an example of investing, and how anyone could immediately earn profits by buying stocks using their method of picking stocks.
More than half of Americans invest in the stock market, either through individual stocks or mutual funds, typically bought inside of government qualified retirement accounts.
The problem with the advice is that the stock markets are at all time highs. So, if you follow the old adage of “buy low, sell high” then this is not a good time to be buying stocks.
Maybe it’s time to take some money off the table… For instance, with the stock markets at all time highs, shouldn’t people be selling if they want to experience profits?
And, if you sell, where do you put the money now? It seems like everyone is looking for the shortcut to getting rich, but there really isn’t one. And what makes it worse, timing the markets is much more complicated than it seems.
Generational Wealth is like Planting an Oak Tree
Creating wealth takes time. But, the difference with IBC is that you can use your capital while it’s still growing. And, you can pass it on to family for generations.
Oak trees take about 20 years to grow to maturity. Of course they can continue to grow for centuries. Creating wealth is similar, and like an oak tree, it can multiply with offspring.
The root of an oak grows deep underground, and can occupy space much larger than the actual tree above ground. Generational wealth is created by nurturing and the safe transfer of assets.
When is the Best Time to Buy Life Insurance?
You may have heard this saying or something similar, live like you’ll die tomorrow and plan like you’ll live forever.
Now Is the Best Time to Own Whole Life Insurance and Practice IBC.
Yes, it makes sense to apply while you’re young and healthy, but regardless of where you are get started.
There are infinite ways to build a life insurance policy. Whole life policies should be custom designed to suit your financial goals, and that varies with age, income and health.
You can apply, and only have to accept the offer if you’re approved. It can be based on the amount you determine, and this really should be based on how much you want to pay and receive.
The living benefits of owning participating, whole life insurance are many… The point is, now is the time. You are the asset and life is not guaranteed.
Once in place the policy provides you and your family with guarantees. You are in contol of the asset and can use it for your benefit. You can create value with ownership.
So, get started today. Now is the time for IBC and whole life insurance.
Until next time,
Barry Page, RFC
Barry Page is an Authorized Infinite Banking Practitioner.
Barry Page is a Registered Financial Consultant, Managing General Agent and Founder of Legacy Insurance Agency, PLLC. He helps clients with tax-advantaged investment alternatives, and specializes in showing families how to protect their assets, income and lives using a unique financial approach to planning.
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