Read This Book.
I‘m about to tell to you something that has cost me thousands. Malcolm Forbes emigrated from Scotland and he became one of the wealthiest men in Americahe is quoted as saying, “The dumbest people I know are those who reckon they know it all.” I‘m going to share with you how to make real and lasting wealth by learning the way money worksall it takes on your end is to be open minded to the truth.
Most Americans are oblivious to the fact that they constantly throw away 30-40% of every dollar earned after paying taxes. The reason for this is because everything you buy is financed. That is right! There are two ways you do this; you either lose your money by using someone else’s money and paying them the interest on it; or you lose money by pay cash and forfeiting interest that you would have been able to earn on what you just spent. It’s a choice of lose or lose. This is the essence of the banking equation! This is what keeps you from building lasting wealth for you and your heirs, and it is something that the wealthy recognize and place into practice every day.
Now for the next fact: The wealthy own high premium dividend paying whole life insurance which are written with mutual life insurance companies which supply non-direct recognition cash value loans. Owning dividend paying whole life insurance is the equivalent of having your cake and having it too, in the banking equation some call this over funding, but get real, if you knew you would get back all the money you place in, with the interest which it accumulated, and without having to pay taxes on it, you would go for it too! Well so do the wealthy. The wealthy use those whole life policies to finance everything they need. Because they do this, they realize profits just like the banks and financial institutions realize of most folks right now!
The Infinite Banking Concept, the book written about “Becoming Your Own Banker” (BYOB) by R. Nelson Nash, demonstrates how you can literally use your own money to finance everything that you need in life and get all the interest and principle back into your own pocket! Go ahead, question any CPA or tax attorney and they will confirm this basic fact: “The return of your money is more vital than the rate of return on your money.” That is what the Infinite Banking Concept (aka IBC) is all about. Place that in a tax free inflation offsetting product and if you listen to the right coach, you are on your way to right riches and lasting wealth.
So:
Are most banks built in obscure, low-cost places?
Would you have more of your money right now if you had been using it like the banks?
Start recovering one third of what you spend monthly, then you can take that vacation that you have earned and your family deserves!