Just the way it is...

Living a debt-free life is everyone’s goal. Can that really be possible? With the infinite banking idea, the answer is YES.

This is probably the first time that you’ve heard of it. Well just to give you a quick hint, infinite banking is about the possibility of a person or a group to become a bank of his/their own self. The idea will start in investing into life insurance policy that builds up equity and pay dividends. As these holders pay premiums; the annual value of their policy increases. They call the first five to seven years the “capitalization phase”. After which, the policy holder can now run a bank of his own. Obviously, the longer you allow your capital to accumulate, the more you generate profit.

Now the rewarding part…

For quite a long period, you’ve invested time, money and all. Now it’s time for you as policy holder to make use of your privilege of borrowing up to 100% of the cash value of your investment with no tax penalties and at any given time. How do you like that? Also if you may ask where the interest of your personal loan go, it is nowhere else than to your own account. I guess now at this point you already have a clearer picture of what infinite banking is all about and how it works in your favor.

Why seek for financial solution from a bank when you can be a bank, yourself?

The beggar stopped a man on the street and asked for some money for something to eat.
The man said, " I'll buy you a drink if you like.
The beggar said, " I never drink. "
" Well then, " said the man, " I'll buy you a good cigar. "
" But I don't smoke," said the beggar. " All I want is something to eat. "
" I've got a good tip for horse this afternoon, " said the man, and I'll put some money on it for you. You can have the winnings. "
" But I don't believe in gambling. All I want is food. "
" In that case, " said the man, " I'd like you to come home to dinner with me. I'd like my wife to meet you because I want her to see what happens to a man who doesn't smoke, drink, or gamble. "

I am a big Wikipedia user myself. I count on this website a lot whenever I’m in need of information. This afternoon (around 4: O’clock) while updating my other blog, I came across of this banner fixed at the top part of their site.
Four hours later in attempt to look for the meaning of a certain word again from the same site, I saw this…
The event prompted me to search for the keyword SOPA (Stop Online Piracy Act a.k.a. H.R. 3261) instead. This issue has been stirring the web since the dawn of its introduction to the United States House of Representatives in the later part of October last year.

The bill, if made law, would expand the ability of U.S. law enforcement and copyright holders to fight online trafficking in copyrighted intellectual property and counterfeit goods.

The originally proposed bill would allow the U.S. Department of Justice, as well as copyright holders, to seek court orders against websites accused of enabling or facilitating copyright infringement. Depending on who makes the request, the court order could include barring online advertising networks and payment facilitators from doing business with the allegedly infringing website, barring search engines from linking to such sites, and requiring Internet service providers to block access to such sites. [SOURCE]

I browsed for the subject further and found out that more and more popular websites are on black out too in the same protest.

Other than Wikipedia, the following popular companies also have voiced out their opposition against the matter: AOL, eBay, Facebook. Google, Mozilla, Open DNS, PayPal, Twitter, Yahoo!, LinkedIn, Wikimedia and Zynga Game Network. Along with the large percentage of Internet users, these companies think SOPA is a kind of an Internet Death Penalty.