How does being your own bank work? If you want to understand how the Infinite Banking System works, this episode gives you the rundown, specifically the seven points Nelson emphasizes in his book Becoming Your Own Banker. It's amazing how one book can change so many lives. Let it change yours!
In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today, they give you the step-by-step to Becoming Your Own Banker.
This episode is the final part of an 18-part Series.
Top 3 Things You’ll Learn:
About R. Nelson Nash:
R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom.
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The CASHFLOW Quadrant by Robert Kiyosaki:
The Land Geek:
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Becoming Your Own Banker by R. Nelson Nash:
The Infinite Banking Concept Explained by a CFP:
IBC Example: True Cost of Paying Cash vs. Using a Whole Life Policy:
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