Be Your Own Bank: 3 Secrets Every Saver Needs

https://youtu.be/ivNjgBZM19Q If you want to get your money to do the most, learn these essential keys to be your own bank. (NOTE: “Be your own bank and the Infinite Banking Concept” does not mean that you are literally a bank or creating a bank; rather, we mean emulating the idea of banking.) Instead of being a saver who’s a star-student customer of the bank, this is how you supercharge your savings to control capital, earn interest, and increase your cash flow as you model the banking system – the most profitable business model in the world – and start becoming your own banker. So if you want to keep your money at your disposal and earn maximum returns at the same time (without having to take on more risk), check out the podcast episode right now! In this podcast episode, you’ll discover the three simple steps to be your own bank: 1: Keep cash reserves 2: Own the reservoir 3: Master the art of arbitrage Table of ContentsWhere Does Being Your Own Bank Fit into the Cash Flow System?Why the Traditional Banking Model Works Against YouBe Your Own Bank Step #1 – Keep Cash ReservesBe Your Own Bank Step #2 – Own The ReservoirYour Money That’s Not In a Reservoir You OwnThe Ideal Reservoir You Own: Whole Life Insurance Cash ValueBe Your Own Banker Step #3 – Master The Art Of ArbitrageHow To Be Your Own Bank Through Life Insurance?How Becoming Your Own Banker Changes the OutcomeMisconceptions of Being Your Own BankThe Bottom Line for Every SaverShare the Love! Where Does Being Your Own Bank Fit into the Cash Flow System? Being your own bank is a process of managing your cash flow so that you keep and control as much of your money as possible. This system, better known as Infinite Banking, is one step in your journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System as your roadmap to go from ‘just surviving’ to a life of significance, purpose, and financial freedom. The first stage is the foundation. You first keep more of the money you make by fixing money leaks, becoming more efficient, and profitable. Then, you protect yourself with insurance, legal protection, and Privatized Banking. Finally, you put your money to work, increasing your income with cash-flowing assets. Why the Traditional Banking Model Works Against You Most people grow up trusting the banking system without ever questioning it. We’re taught that saving in a bank is the safest way to secure our future. But when you take a closer look, you’ll see that traditional banks are built to serve their own profits, not yours. When you deposit money into a bank, you lose control. The bank puts your cash to work for its benefit by lending it out at much higher rates while paying you a fraction of a percent in interest. They use your capital to build their wealth, while you carry all the risk of inflation and opportunity cost. Meanwhile, your savings are exposed to devaluation, fees, and banking policies you can't control. Traditional banking systems are not designed to protect or grow your wealth; they're designed to profit from it. Choosing to be your own bank is about reclaiming that control. Instead of allowing traditional banks to leverage your hard-earned dollars, you create a privatized banking system where your money works for your family, not for someone else’s bottom line. Be Your Own Bank Step #1 – Keep Cash Reserves Why do we model the bank? What do we want it to do for us? As a customer of the bank, you put your money in the bank for safekeeping, between uses. If you shift your lens and look at banking from the bank’s perspective, you’ll quickly learn why they’re the most profitable business model in the world. The banker stores your cash and pays you for the use of that cash. Because the banker stores cash, that capital offers opportunities to offer financing that will be repaid at interest.