On Becoming a Bank of Your Own
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finances
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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?
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?
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