Becoming Your Own ®
BANKER ®
Unlock The Infinite Banking Concept
R. Nelson Nash
Infinite Banking Concept™, LLC Birmingham, Alabama
© Copyright 2000 R. Nelson Nash Sixth Edition, 2012
Infinite Banking Concept™, LLC 2957 Old Rocky Ridge Road Birmingham, AL 35243
Email:
[email protected] www.infinitebanking.org 205-276-2977
ISBN 978-0-9726316-0-0 (Paperback, Sixth Edition) ISBN 978-0-9726316-2-4 (ePUB) ISBN 978-0-9726316-3-1 (Kindle/Mobi) ISBN 978-0-9726316-4-8 (ePDF)
Published by Infinite Banking Concept™, LLC
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means, electronic, mechanical, photocopy, recording, or otherwise without prior written permission of Nelson Nash, except for brief quotations in publications.
Cover image: adventtr © iStockphoto, photo-manipulation by RD Studio Book design by DesignForBooks.com
To Mary, my joy and inspiration.
Contents Introduction Acknowledgments Part 1: Becoming Your Own Banker® Chapter 1: How the Infinite Banking Concept® Got Started Chapter 2: Imagination Chapter 3: The Grocery Store Chapter 4: The Problem Chapter 5: Creating a Bank Like the Ones You Already Know About Chapter 6: Creating Your Own Banking System Through Dividend-Paying Life Insurance Chapter 7: Basic Understandings Review – Part I Part II: The Human Problems—Understanding Parkinson’s Law Chapter 8: Willie Sutton’s Law Chapter 9: The Golden Rule Chapter 10: The Arrival Syndrome Chapter 11: Use It Or Lose It Chapter 12: Creating The Entity
Review – Part II Part III: How to Start Building Your Own Banking System Chapter 13: Expanding the System to Accommodate All Income Review– Part III Part IV: Equipment Financing Part V: Capitalizing Your System and Implementation Chapter 14: The Retirement Trap! Chapter 15: The Cost of Acquisition Chapter 16: “But, I Can Get a Higher Rate of Return” Chapter 17: An Even Distribution of Age Classes Chapter 18: A Different Look at the Monetary Value of a College Degree Chapter 19: What if I Am Uninsurable? Chapter 20: Points to Consider Epilogue Glossary Book Recommendations About the Author
Introduction
Your Own Banker—The Infinite Banking Concept is a text for a B ecoming ten-hour course of instruction about the power of dividend-paying whole life insurance. It is not a sales tool for life insurance agents. It is education that the life insurance industry should have taught during the last 200 years. Unfortunately, the industry has concentrated on the death benefit qualities of the contract and has neglected to adequately describe the financing capabilities that it presents for the policy owners. Ironically, life insurance companies must put premium income to work in various investments in order to pay the death claims. This book demonstrates that your need for finance, during your lifetime, is much greater than your need for protection. Solve for this need through this instrument and you will e