Is Infinite Banking A Scam?

So you’ve come across a strategy that you’ve never heard of before, that claims some serious advantages, and you can’t help but ask the question…

Is the Infinite Banking Concept a scam?

If it is, you certainly don’t want to be the sucker that got conned, and if it isn’t, you could be passing up what could possibly be a great solution to a lot of financial headaches.

The Truth Behind Infinite Banking

In the early 80’s there was a real estate investor named Nelson Nash. If you remember the early 80’s, interest rates where out the roof, and real estate investors like Nelson Nash were getting hit hard. In our interview with Nelson Nash, he shared with us that the interest he was paying had climbed to 23%. Something that could happen again in the next few years.

Nelson had a few permanent life insurance policies at the time, and realized he could borrow from them at 5%, 6%, and 8%, while everyone else would be stuck paying high interest rates. It not only saved his business, but it changed his life. He had accidentally discovered a diamond in the rough.

Since then, Nelson has wrote a book called Becoming Your Own Banker, and has been invited to speak at high level conferences throughout the world, sharing insights about the far too uncommon strategy called Infinite Banking.

“Earning interest is extremely valuable, but so is saving it ” – Click to Tweet

Why Its Not a Scam

The Infinite Banking Strategy is called a scam only by those that know nothing about it. In fact, its  basic concept has been used longer than almost any financial strategy in history.

A few examples are:

  • Ray Kroc started McDonald’s with this strategy
  • James Cash Penny kept his company J.C. Penny running through the Great Depression with this strategy
  • Doris Christopher started The Pampered Chef with this strategy
  • Walt Disney started Disney with this strategy
Infinite Banking is obviously not a scam, and here’s how you can easily figure that out.
  • Sign up on the right for our Free Info Kit – It includes books, videos, and case studies that will show you how this strategy works, and why so many people are using it.
  • Read the books and the case studies
  • Ask around. You might be surprised at how many people use it, and you didn’t know it.
Now I would love to hear what you think in the comments below. Do you think Infinite Banking is a scam, or a good financial strategy?

 

*photo credit: http://www.flickr.com/photos/rosengrant/3545047810/

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Jake

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