banking Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/banking/ Protect, Plan and Prosper Thu, 14 Aug 2025 21:06:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://legacyinsuranceagency.com/wp-content/uploads/2015/04/Legacy-LifetimeBank-400-e1453402663782-100x100.jpg banking Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/banking/ 32 32 An Introduction to the Infinite Banking Concept https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/ https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/#comments Wed, 24 Aug 2022 18:24:09 +0000 https://legacyinsuranceagency.com/?p=5961 An Introduction to the Infinite Banking Concept Originally published by: Robert P. Murphy 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

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]]> https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/feed/ 1 Don’t Steal the Peas https://legacyinsuranceagency.com/dont-steal-the-peas/ Mon, 25 Nov 2019 18:30:01 +0000 https://legacyinsuranceagency.com/?p=4260 Don't Steal the Peas! (IBC Rules) In his bestselling book, Becoming Your Own Banker™, Nelson Nash compares Infinite Banking to operating a grocery store.

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]]> Do What Banks Do https://legacyinsuranceagency.com/do-what-banks-do/ Wed, 21 Aug 2019 00:45:56 +0000 https://legacyinsuranceagency.com/?p=4055 Do What the Banks Do -
Nelson Nash, said “Banking is the most important business in the world.“

We have to start thinking like bankers.

Banks make money using other people’s money (OPM).

Infinite Banking allow us to finance our purchases without bank rules.

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