What is Infinite Banking
Become Your Own Banker With The Infinite Banking Concept
Getting out of debt should be the number one financial goal in your life. Why? You simply can’t live the life God meant you to live with debt ruling your life. Do you know the average person will pay 34% or more of their lifetime income to interest on debt? Think about that…hundreds and hundreds of thousands of dollars you lose to interest on debt – and all the interest you could have earned on that lost money! It’s incredible! How many people pay off a car before trading it in? Most don’t. The interest on a car loan is front loaded. You pay more interest at the beginning. So if you trade the car in before it’s paid off, you’ve really paid a higher interest rate. That’s just one example.
How many people actually pay off a house? A better question is…how many people refinance within 5 years? It takes that long before you really start paying much on the principal. So can you imagine how much interest most people pay on mortgages through out their lifetimes. Let’s not even get into credit cards, furniture loans, boats, etc. You get the picture, don’t you? I hope so.
Can you see how much potential wealth you’re giving up? It’s huge! There are many gurus out there who talk about getting out of debt. Most say live a spartan lifestyle, keep only $1,000 in savings, live on rice and beans, drive a junker for a car, and get just crazy about paying off your debt. OK…I appreciate the emphasis on getting out of debt. So you’ve suffered and sacrificed all those years to get out of debt. You’ve succeeded, and it truly is a wonderful accomplishment. Now what? You have no money in savings and your cars are falling apart. Your house probably needs some repairs as well. Now you have to start saving like crazy to buy a new car. Hopefully you don’t have any financial emergencies before you save up enough money to begin living again.
I don’t mean to sound discouraging, but this is why people don’t get out of debt. They don’t always see the light at the end of the tunnel, and life tends to derail their efforts because they have no excess money. And it’s tough to spend years getting out of debt while your retirement savings suffers.
There’s a Better Way
What if there was a way to get out of debt and save for retirement at the same time? What if you were building a raining day fund of tens of thousands of dollars while getting out of debt? Are you serious Victor?!? Yes I am! You can use the Money Mastery system to get out of debt, and it will work great. But if you created your own family bank using the Infinite Banking Concept, you could accelerate your debt elimination and have tens of thousands of dollars in your bank when you’re done. You could literally pay off all your debt including your home in ten years or less and have 50 to 100 thousand dollars in your bank. Borrowing money from your bank and paying it back with interest actually builds your wealth. Your bank can finance anything including college for your children, cars, boats, vacations, investment properties, and even your business. And build wealth for the future at the same time!
Watch this video! It’s a 30 minute Infinite Banking Concept Basics course that will absolutely change the way you look at debt forever. Do you want financial prosperity in your life once and for all? Then this video instruction will show you how. It provides information on the concept of creating your own family bank, using it to get out of debt, and then never having to go into debt again.
This also works for businesses!
Don’t Just Take My Word For It
Take a few minutes to listen to, arguably, the most famous CPA and tax advisor in America…Ed Slott. What he has to tell you will amaze you. It’s much different than what you’ll hear from those so called gurus on radio and TV. Learn more about Ed Slott HERE.
Enjoy the video.
You may want to use a program that facilitates getting out of debt. This provides structure and a step by step plan you can follow. But incorporate the plan with an Infinite Banking Concept policy.
One such plan is Money Mastery. It’s a Christian based program to help people get out of debt. Their website is fantastic! It’s one of the best financial education websites I’ve ever seen dedicated to helping you become financially literate and living a financially responsible lifestyle. Using all the tools on the website to set up your turn key debt elimination system requires a subscription, paid annually or monthly. But it’s very reasonable and anyone can afford it. Learn more at www.moneymastery.com.
Your next step is to contact me to see how all this will work for you and your family. Folks, ignoring this information could, without a doubt, cost you tens of thousands, and even hundreds of thousands of dollars over the next 20 years.