Myi4LifeProject

Plan ahead...

I couldn’t agree more!!!

How to use life insurance as an investment How to use life insurance as an investment ================================== Make sure not to miss a video from Chris! Click here to subscribe: http://www.y...

Have you heard of that old saying you have to pay yourself first?
Well I did, when I first read George S Clauson’s book, The Richest Man in Babylon, that is what got me to start forming the habit of paying myself first. But once that habit is formed where do you allocate that money? Do you store it in a savings account to let it compound securely over time or do you invest it? Investing it may yield higher returns than letting it sit in a savings account, but what if the investment does not work out and you lose all that money? That would just be awful! That is why I follow Warren Buffett’s financial advice "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." Of course that can only be done if you invest the time to become an expert in understanding a particular investment, how it best performs to ensure success, so you never lose money! Just as Garrett Gunderson says “The risk is not in the investment, but in the investor.” So, the more you know the less risky of an investor you will be, but of course that will take time to acquire the knowledge, so until then is there a better storage facility where your wealth can be secure and grow? There is! And I reveal what that tool is in this video and how that tool can be leveraged, so that you can become your own banker!

The advantage of being your own banker is that you can begin to finance the major purchases in your life yourself and in doing so recapture a portion of the interest that would have had of gone to the banks or financial institutions and put it back in your pocket so it can grow and be used by your family. This banking strategy can really allow your $1 to work like $2

RESOURCES:
► Richest Man in Babylon by George S Clauson - Will allow you to learn about the importance of paying yourself first - https://amzn.to/2Ku7IkP
► Becoming Your Own Banker by Nelson Nash - Learn more about the Infinite Banking Concept from the Founder of this Strategy - https://amzn.to/2Mp8mCK
► Killing Sacred Cows by Garrett Gunderson - Particularly Myth #7 (Chapter 16) - https://amzn.to/2IiWP2J

Please check out my website https://www.ws-monday.com/aa0842 or email me at [email protected] for more information.

Rutchie Barcelona Osher | WS Monday.com

What is PBC Personal Banking Concept– From a “30,000 Foot” Perspective?
The Personal Banking Concept aka Infinite Banking Concept is a very creative/genius idea utilizing whole life insurance as a savings accumulation vehicle. IBC is created by former insurance salesperson Nelson Nash in the 1980’s and popularized in his famous book, Becoming Your Own Banker.

From a very general perspective, the Personal Banking Concept involves…
* 1) Overfunding (with after-tax money) a specially-designed high-cash value whole life insurance policy from a mutual life insurance company which is guaranteed never to decrease in value,
* 2) Having it accumulate (on a tax-free basis) cash value over the years with a conservative-but-respectable-interest-rate, and then
* 3) Taking tax-free loans (that don’t necessarily ever need to be paid back) against the policy’s cash value to put money to use in other investments that come along your way or simply to pay for regular living expenses.
The Concept has the word “Banking” in the title for several reasons. First, you are potentially able to mimic the way a bank operates by borrowing money at one (lower) interest rate, putting it to use, and then earning a return at another (higher) interest rate. Second, when you borrow money from your policy’s cash value, it technically is still working for you by continuing to earn dividends in the policy even though you are using it elsewhere. Of course, one big difference between how a bank operates and how the Personal Banking Concept works is that banks utilize other people’s money, whereas here, you will only be using your own money.