Have you ever heard of the “Bank On Yourself” or “Infinite Banking” schemes? Many people who have never heard of the Infinite Banking Concept are led to believe [incorrectly] that it is some sort of grand scheme to seize your money and flee. And whenever our money is involved, we are compelled to inquire further.
Is the Infinite Banking rip-off truly a rip-off?
Is this a Ponzi scheme or a deception? Certainly not. And this is why:
The Real Story Behind the “Infinite Banking Scam”
The Infinite Banking Concept (IBC) dates all the way back to 2000. However, the concept (also known as privatized banking) has been around for over 200 years. It is not novel to use the cash value in participating whole life insurance policies to self-finance debts and expenses. Conduct research. Throughout history and even today, numerous wealthy, successful people have used it to grow and protect their wealth.
Nelson Nash invented IBC in 2000. He boldly asserted that he was not deserving of credit for inventing this concept. Nash took a pre-existing concept and transformed it into something he could use. Additionally, he made it easily replicable by others.
If this concept has survived this long, was developed prior to the current tax code, and remains one of the most effective methods for growing and protecting one’s wealth, don’t you believe there is a reason for it?
If you’re on the fence, my best advice is to conduct due diligence.
Investigate a variety of educational resources that teach about this concept. Follow and learn from those who already use it and have done so for years. Take a look at what they have to say. And only after you’ve gathered all of the facts should you decide to embark on your Infinite Banking journey.
It is not for everyone, but not for the simple reason that it cannot work for everyone. Many people simply do not give it enough credit. This is frequently because they act in fear. Alternatively, as Will Rogers put it, they believe they know something “that ain’t true.”
The Real Story Behind the “Infinite Banking Scam”
However, believe me when I tell you that it can and will solve many, if not all, of your financial problems.
If you are familiar with me, you may have heard me say that if you apply the concept in the manner taught at The Money Multiplier, your money problem will not be a lack of money to solve your money problems. Your issue will be that once all of your financial concerns are resolved, you will be at a loss for what to do with all of the wealth that this concept can assist you in accumulating.
I’m not here to make a sale. I’ve never thought of myself as a salesperson. I am an educator. I demonstrate what this concept is capable of and then leave it up to you to decide if it is a good fit for you. However, if your goal is to pay off debt, purchase a car, or pay for college tuition. And if you want to get started in real estate investing, build wealth, and leave a legacy for future generations, Or if you simply want to take a vacation each year without incurring credit card debt, you’re going to want to take the time to learn about IBC.
Three policies later, I remain a firm believer in its effectiveness. I will continue to purchase additional policies for myself, my wife, and daughter as our income grows.
After conducting your research, you’ll be convinced that the Infinite Banking “Scam” is a myth. And wish to begin your own policy, please visit http://www.TheMoneyMultiplier.com/member-area and view the accompanying presentation.
Begin your journey toward financial legacy creation today. I do not earn any commission or affiliate fee for promoting The Money Multiplier. It’s just a great company that has introduced an invaluable tool that I personally use and hope you will to. It will change your life!
http://www.TheMoneyMultiplier.com/member-area
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