The Wealth Without Wall Street Podcast

Round Table | How to Create a Family Bank Using The Infinite Banking Concept

Jun 18, 2024

Explore the transformative power of infinite banking and creating a family bank using whole life insurance. Learn how to secure financial stability for your loved ones and take control of your financial future. Discover the benefits of infinite banking and how it can revolutionize your wealth-building approach.

54:38

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Quick takeaways

Implement infinite banking for financial stability and wealth control.

Establish open money discussions within the family for long-term financial success.

Utilize insurance policies to fund investments and nurture family wealth across generations.

Deep dives

Implementing the Infinite Banking Concept

The concept of infinite banking is introduced as a way to utilize life insurance policies for investment and financial freedom. A personal example is shared where cash values from policies are used to pay off loans and create legacy wealth while fostering family financial discussions.

Intro

2min

Establishing a Family Bank for Generational Wealth

8min

Exploring Infinite Banking and Creating a Family Bank

15min

Family Bank Strategy for Building Wealth

8min

The Power of Preparation and Family Involvement in Investments

8min

Building Wealth Through Family Banking

10min

Building Relationships and Financial Freedom Through a Family Bank

4min

Are you ready to unlock the secret to building generational wealth and creating a lasting legacy? In this episode, Russ, Joey, and the dream team of financial coaches explore the transformative power of infinite banking using whole life insurance, as discussed in Nelson Nash's book Becoming Your Own Banker.

Discover how to establish a family bank that secures financial stability for your loved ones and empowers you to take control of your financial future. Learn the key benefits of infinite banking and how it can revolutionize your wealth-building approach. Don’t miss out on this game-changing strategy!

Top three things you will learn:

-What is the infinite banking concept?

-What is required to run a family bank?

-What makes family banking a successful endeavor?

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

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The Infinite Banking Concept Explained by a CFP:

https://www.youtube.com/watch?v=sVuexMv6Kf4

Becoming Your Own Banker by Nelson Nash:

https://infinitebanking.org/what-is-infinite-banking/becoming-your-own-banker/

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