Never in a million years did I think I would leave the industry to “sell life insurance.”
Of all things…gross.
But after a deep dive to uncover the truth, I knew my purpose in life was about to level up. Each job I booked for an artist was a cycle of starts and stops. But if I could teach them about the most tried and true asset, utilized for over a century to build generational wealth, then we could start the cycle of infinite returns. That’s the pinnacle of creative freedom. And the truth is, I’m not here to sell you anything. I only intend to teach and properly set up the most secure and powerful asset for wealth building ever created. How you fund it is totally up to you.
“Everyone should be in two businesses—the one in which you make your living, and the other should be the banking business that finances whatever you do for a living. Of the two businesses, banking is the most important.”
––R. Nelson Nash, the gentleman who coined the term “Infinite Banking Concept” after studying generations of wealthy families
Make it stand out.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Don’t worry about sounding professional. Sound like you. There are over 1.5 billion websites out there, but your story is what’s going to separate this one from the rest. If you read the words back and don’t hear your own voice in your head, that’s a good sign you still have more work to do.
The Infinite Banking Concept (IBC) is a financial strategy that involves creating your own banking system using a specially designed whole life insurance policy. This concept was popularized by Nelson Nash, who wrote the book "Becoming Your Own Banker" in 2000. It is important to note that the concept has been met with both enthusiasm and skepticism within the financial community.
Here's a basic overview of how the Infinite Banking Concept works:
Whole Life Insurance: The strategy begins with purchasing a dividend-paying whole life insurance policy. This type of policy provides both a death benefit and a cash value component. The policyholder pays premiums, and a portion of those premiums goes into the cash value of the policy.
Cash Value: Over time, the cash value of the whole life insurance policy grows. This cash value can be borrowed against while the policy continues to earn dividends and interest. The borrowed funds are essentially used as a source of financing for various personal or investment purposes.
Becoming Your Own Banker: The idea is that instead of borrowing from traditional banks or financial institutions, you borrow from your own cash value within the life insurance policy. As you repay the policy loan, the money goes back into the policy's cash value, effectively replenishing the funds you borrowed.
Tax Advantages: One of the purported benefits of IBC is that policy loans are typically not considered taxable income, as they are essentially loans from yourself. This can potentially provide a tax-efficient way to access funds for various needs.
Compound Interest: Proponents of IBC emphasize the concept of compound interest. By continuously borrowing from and repaying the policy, you can theoretically leverage the growth of your cash value over time, potentially leading to increased wealth accumulation.
Flexibility: IBC proponents argue that this strategy provides greater control and flexibility over your financial situation, allowing you to use your own banking system to fund major purchases, investments, and other financial needs.