What is Infinite Banking? After watching this video, you should have a better understanding of what Infinite Banking is. Hi, my name is Rip and hopefully you are getting some value from my videos. If so, before getting into the video, make sure that you subscribe and hit the notification bell so that you will be notified when I post new videos.Infinite banking is simply the process by which one becomes their own banker. Let me repeat a very important word in this definition… process. It is the process by which one becomes theirown banker. It is not a product. It is by learning and implementing this process that one becomes their own banker and that is one of the most important things to understand about what infinite banking is.Let’s imagine for a moment; what if the banking fairy came to you one night and returned to you, every penny of interest that you ever paid… that would be amazing wouldn’t it? How happy would you be waking up that morning??? Thirty-four-point five percent (34.5%) of every one dollar, that’s thirty-four and a half cents of every dollar, is being paid out to interest. Whose pocket is that money going into?Recapturing the interest that you are paying to banks and financial institutions, is what the benefit is, with infinite banking. We are focusing on the interest that we are paying, when we are financing; vehicles, major appliances, education, homes, investments, business equipment and so on. We are targeting the money that is unnecessarily leaving our pocket forever and going into the banker’s pocket. You will learn how to implement infinite banking and put this money into your own pocket!The process by which one becomes their own banker is fairly easy. We simply start overfunding a cash value, dividend paying whole life insurance policy, which, in case you have never heard of this, it is the best financial product that has ever been created! Overfunding it allows cash value to be available to us almost immediately, which we can then use to create our own tax- free lending system.With our own tax-free lending system, we can finance large purchases like vehicles, major appliances, education, homes, investments, businesses… whatever you can imagine. We can do this now without using conventional banks and lenders, which means now WE keep all the interest! Plus, have you gone into a bank lately to apply for a loan? You will be amazed at how easy the application process for borrowing from your policy is.However, it is extremely important to note that we MUST discipline ourselves, since we are becoming our own banker, to make every payment with interest on time back to ourselves, and be the good borrower, or we will destroy what we worked so hard for. (Stealing the peas – see my Grocery Store video)
If we are now keeping all of that interest and have eliminated the 34.5%, or 34.5 cents, coming out of every one of our dollars, haven’t we actually increased what we keep in our control by 34.5%?We can generate personal wealth, by using it for investments like stocks or cryptocurrencies or whatever else we might be interested in and we will still maintain the added protection for our beneficiaries.We can use these infinite banking practices for any type of business financing. We can also use these infinite banking practices for my favorite thing; buying your debt back! Now I’ve only listed a few of the possibilities that can be done with infinite banking… I’d say that there might be an infinite amount more!I hope this helps. Thanks for stopping by!
1 comments