If you're still trying to wrap your head around the Infinite Banking Concept (IBC) and how to use it to build passive income, this is your chance to understand it fully. In this episode, Russ and Joey delve deeper into the concept of becoming your own bank. They present the story of two sisters, which compares what it's like to put your money in two different instruments. They also illustrate how to make your money work to get you more money. Take advantage of this opportunity to discover this powerful system.
In response to the requests to bring back the BYOB series, Russ and Joey continue their book review, and today they talk about how to build your financial system and take over the function of a bank which, in essence, is about becoming your own bank.
This episode is Part 9 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.
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:
The Richest Man in Babylon by George S. Clason:
Join the Community:
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Apply to Join the Passive Income Mastermind: