If you’ve learned anything about the Infinite Banking Concept than there is one thing we are certain of… you’ve heard the name Nelson Nash. Nash is the discoverer of the Infinite Banking Concept and the first to ever put this strategy on paper in his book titled, “Becoming Your Own Banker.” Listen in as Nelson shares with us how he discovered the Infinite Banking Concept, and why his personal experience is the reason he has made it his mission to share the value of dividend paying whole life insurance.
We take a few minutes in this short podcast to explain exactly what The Private Reserve Strategy is and how it relates to the Infinite Banking Concept.
One of the most important concepts you need to understand about wealth creation is opportunity cost. In this video, Dan discusses the importance of opportunity cost and its true effect on your future wealth.
Video: One of the strategies of the wealthy is to utilize other people’s money, through collateralization, to create wealth. In this video, Dan from Wealthonomics, depicts the distinct differences in how wealthy individuals handle their money.
The main problem, however, is not the unpredictable market, but the overall philosophy being taught to us by proclaimed experts about how to securely plan for retirement. The outcomes are sensible, however the road there is failing us.
So I spent about and hour writing this response to a blog post on a blog called “The Long Run Blog,” but for some reason wasn’t approved to post, was deleted, or something like that. There are a few responses on the blog up until about 2009, then dead air… my guess is the author doesn’t want to deal with people who oppose his opinion.
The Infinite Banking Concept is an extremely valuable strategy to assist in creating wealth, but just like anything else out there, there are misconceptions and misunderstandings. This can create a layer of uncertainty, confusion, and a touch of that “too good to be true” feeling. Listen in as Jake, Nick, and Josh set the record straight about some of the most common misconceptions surrounding the Infinite Banking Concept.
The Infinite Banking Concept is becoming a very wide spread strategy, but just like any industry there are widespread misconceptions and things that simply are not true. At Wealthonomics we like to make sure our clients understand this strategy correctly.
This is part 1 of a short 7 part series, but it has some really good information about how money has changed over time and how the rules of money are completely different, even from what you may have been taught.
If you’ve been doing any research on the Infinite Banking Concept you may have come across a blog, written by a financial blogger, that discusses some of his thoughts. He had apparently just heard about this concept, and decided to pass on some of his expertise. He had a list of questions, comments, and- as he writes it- “Red Flags,” written in red of course. So we disected it… in detail.
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