Rules of Infinite Banking (IBC) by Nelson Nash
In his bestselling book, Becoming Your Own Banker, Nelson Nash discusses implementing Infinite Banking and the basic rules.
The Rules for IBC
- Think long range.
- Don’t be afraid to capitalize.
- Don’t steal the peas.
- Don’t do business with banks.
Infinite Banking is…
Usually the biggest argument against Infinite Banking is comparisons to other financial products. “But, I can get a higher rate of return”. But, as Nash observes in his book, you have to consider the characters in the play.
“We are not addressing the yield of an investment–we are discussing how you finance anything that you buy.” ~Nelson Nash
Infinite Banking is not investing. Therefore you can’t really compare it to stocks, mutual funds, gold, real estate, etc.
These types of comparisons are a result of short-term thinking. In today’s world, it seems that everyone is pitching instant gratification.
IBC is simply a way to take control of the banking function in your life.
Is Infinite Banking Right for You?
Is (IBC) Family Banking right for you? Learn how to reduce your risks and take control of the banking function in your life. Discover how IBC can work for you in a short meeting.
Until next time,
I’m Barry Page, Your IBC Evangelist
Barry Page is a Registered Financial Consultant, Managing General Agent and Founder of Legacy Insurance Agency, PLLC. He helps families take control of their finances and create financial independence.