The Money Advantage Podcast

Financing costs are much more than just interest rates. First, there is the time required to obtain the financing, and then, often numerous steps to qualify and negotiate. This financing is very expensive when you account for the number of executives whose time is required for the endeavor. https://www.youtube.com/watch?v=-MmWlkTQsWE Infinite Banking overcomes this cost of acquisition, allowing you to obtain financing quickly and make timely decisions. In this episode, you'll recognize that time is more expensive than money as we dissect the true cost of acquisition in both personal and corporate finances. We'll help you understand that every minute and mental whack we spend on acquiring capital has a significant cost, which often goes unnoticed. Together, we'll draw wisdom from Nelson Nash's "Becoming Your Own Banker," reminding us of the importance of seeking reliable information and being confident in understanding financial concepts.  In a world that's always changing, waiting too long can cost you. That's why we're bringing you the Infinite Banking Concept, freeing you from the shackles of loan qualification and liberating your mind to focus on life's bigger decisions. We'll show you how to align your actions with your values and run your life like a small business, emphasizing the fundamental role of finance and whole life insurance policies. Tune in today as we continue our journey through Nelson Nash‘s book, Becoming Your Own Banker, to reveal yet another often invisible, yet powerful advantage of Infinite Banking. Cost of Capital vs. Cost of AcquisitionFinancing Takes TimeWhat Can You Do with Your Time? Book A Strategy Call Cost of Capital vs. Cost of Acquisition We often talk about the cost of capital in discussions of Infinite Banking. After all, there’s an interest cost to all of your financial decisions, simply because if you’re not paying interest, you’re passing up the ability to earn interest. The cost of acquisition is just a little bit different, yet it’s just as important in discussions of wealth-building.  Simply put, the cost of acquisition is the cost of your time, expertise, and skills. What is it costing you in non-tangible assets to acquire/do something? If you’re jeopardizing your non-material assets in pursuit of savings or a deal, is it really worth that cost? This is an especially prudent question when you consider how much time you’re going to spend doing something, versus how else that time could be spent.  You can also apply this idea to spending. Say you’re committed to finding the cheapest gas to fill your car with. In doing so, you’re successful, but you spend 30 minutes or more driving around to find it, and deplete your tank further than if you had just stopped at one of the first places you saw. This takes time and mental energy, and what do you really save? There is a cost of time and energy here that doesn’t necessarily make the savings worth it.  When it comes to wealth, you have to think about the big picture. Time is money, and you just consider this in your financial decisions, too.  Financing Takes Time Financing takes time, but time is money. That’s the lesson here. Consider you’re seeking to finance a major purchase, like a car. You have an Infinite Banking policy, but you hear that the bank can do half a point better. So, you decide to speak with a lender and jump through their hoops. This can take days and time and effort, which keeps you away from your regular routine. You’ve got to prove that you can repay the loan, supply paperwork, and more. In the end, your payment isn’t much different than if you had simply financed through your whole life insurance policy, with no hoops to jump through, and maybe you could have put that additional time towards a more lucrative business decision.  In some cases, maybe the bank financing would still be worth the time. The loan may be several points better,

Want to see the real-time historical performance of the Infinite Banking Concept?  Usually, when you hear about policy performance, it's from looking at illustrations. But illustrations aren't "performance," they are projections of future growth, based on current dividends and interest. That's why we love getting the opportunity to share the actual historical performance of Infinite Banking policies, and our philosophy and vision for building our family banking system with multiple policies.  https://www.youtube.com/watch?v=C39wi4O3838 Today, we're discussing the actual capitalization, growth, dividends, cash values, and death benefit of our Family Bank. Our conversation shifts to the personal legacy we're crafting through our family banking system, a journey that began 11 years ago with our first whole life insurance policy. We recount the pivotal decisions that shaped our financial foundation, such as transitioning our assets from precious metals to a more liquid form.  We delve into the significance of long-term planning and how our present actions are intended to bless generations to come. Engage with us and consider how you might shape your own infinite banking story. Lastly, we explore the strategic intricacies of life insurance policies, emphasizing the importance of designing a policy to allow for as large of premiums for as long as possible. Prior Episodes In This SeriesStructure of the Family Banking SystemDividends on the Annual StatementNew IllustrationsThe Difference in a YearBook A Strategy Call Prior Episodes In This Series Part 1 Mar 2022: Why We Started a New Life Insurance Policy Part 2 Oct 2022: Adding a Second Whole Life Policy Part 3 Feb 2023: Capitalization Phase - End Of Year Update Structure of the Family Banking System In this episode, we take a look at the annual statements for our family banking policies, and the components to be aware of. It’s important to us that we share what we’re doing with our family so that you can see proof of the Infinite Banking Concept in action. In the first policy (listen or watch the full episode to get the details on our 2nd policy as well) we examine, our total premium is $20,000. However, you can break down that premium and see that there are several components at “work” in our premium.  The base premium is the minimum amount of premium that must be paid every year to keep the policy current. This is actually only a little more than $7,000. The rest of the 20k premium is composed of Paid Up Additions (PUA) and other riders. One such rider is called “waiver of premium.” This rider can only be applied to the base premium, and it protects the policy owner from paying premiums in the event of a disability that prevents working. There is also a term insurance rider on the policy, with its own waiver of premium rider.  The term insurance rider lasts for 30 years, and the corresponding death benefit will drop off after that term unless it’s converted to additional life insurance. This conversion option allows us to keep that death benefit if we wish, and build additional cash value after it’s converted to whole life insurance. This is a great way to maximize your death benefit when you’re starting out.  Dividends on the Annual Statement On our annual summary, you can also see the total accumulated dividend we earned for the year and how it was applied. The line items can get a bit confusing, as it moves between dividends and additional death benefit, but for the year our total dividend was $4,233.15. A large portion of this came from the base policy, while a more significant portion of this came from various PUAs. Our “lifetime” total for dividends earned since 2021 is $7,800.48. So in one year, we earned more dividends than the previous year. This is a testament to the power of compounding interest.  In this section, you can see that the PUAs are also adding about $2 of death benefit for every dollar of premium...

https://www.youtube.com/watch?v=LdKhSP9HubE There's a saying that "family isn't just important, it's everything." This rings true for my family, the Marshalls, who are committed to creating an enduring legacy that will reach beyond our generation. On a recent episode of our podcast, we gave listeners an intimate look into our yearly tradition - the Marshall Family Summit. Joined by our special guest and daughter, Avalynn, we shared how reflection, goal-setting, and intentionality play crucial roles in shaping our multigenerational legacy.  Table of ContentsThe Art of Reflection and Planning for the Future - A Family SummitOur Celebration of Family Milestones and Personal GrowthStriking a Balance Between Meticulous Planning and Nurturing RelationshipsReflecting on Key Experiences That Shaped Our YearAn Invitation to You: Cultivate Your Family's LegacyImplement Your Family Summit: Take Inspiration from Our ApproachWant Help Creating a Multigenerational Legacy Of More Than Money? The Art of Reflection and Planning for the Future - A Family Summit Our family summit isn't just a retrospective on the past year but also a strategic planning session for the year ahead. We took inspiration from Dan Sullivan's Strategic Coach and stressed the importance of reflecting on past successes to fuel future aspirations. We revealed how this practice has evolved into a powerful tool for setting clear, achievable goals for the future. Digging deeper into the details of the summit, you'll find that it's a well-thought-out process. It begins with us coming together as a family to review the past year. Each of us shares our achievements, challenges, and personal growth. These reflections lay the groundwork for our future plans. We then collaboratively set goals for the next year, ensuring everyone is on the same page and committed to their realization. This balance of reflection and proactive planning is critical to the success of our annual summit and the continuous growth of our legacy. Our Celebration of Family Milestones and Personal Growth Reviewing the past year, we highlight moments that have strengthened our family bonds, both losses and wins. From the joyous event of welcoming our newest family member, our first son Eli, to personal victories like publishing our book Seven Generations Legacy, we discuss our individual and collective growth. Our conversation then transitions to our travel plans, financial decisions, and financial planning for the year ahead.  We then review our family guidance system, encompassing our ideals, shared values, and mission and vision statement. This system, we explain, forms the basis of our daily, weekly, and annual routines. It ensures that our actions and decisions align with our long-term vision for our family. From the smallest daily choices to significant life events, the guidance system provides a roadmap to guide our journey. This system and our annual reflection and planning summit are powerful strategies for sustained family growth and legacy building. Striking a Balance Between Meticulous Planning and Nurturing Relationships One critical insight from the episode is the delicate balance between detailed planning and maintaining healthy relationships. Rather than being a trade-off, we found that our in-depth planning enhanced our relationships with others. We shared our experience hosting a weekly community group in our home and how these moments are intertwined with our larger goals. This approach shows that structure and meaningful interactions can not only coexist but also strengthen each other, leading to more prosperous relationships and a stronger sense of community. Reflecting on Key Experiences That Shaped Our Year Looking back at the past year, we reflected on six experiences that made a significant impact. These range from the birth of our son to our intentional approach to home decor, each echoing our family's values and spiritual growth.

Are you unhappy with your job because you want more fulfillment and meaning out of life? Most people think retirement is the answer. But rather than delivering on its promises, retirement is a trap. Instead, you must learn to live on purpose. https://www.youtube.com/watch?v=c1IxQgBIPn8 Prepare to unearth the secrets of living a life of purpose and financial independence with insights from Nelson Nash's Infinite Banking Concept detailed in his trailblazing book 'Becoming Your Own Banker'. This episode promises a powerful discourse on how taxation, government programs, and exceptions are sculpting a potential financial crisis for Americans. Brace yourself as we expose the ramifications of the government's soaring borrowing and spending, pointing towards a possible great reset, and how deferring taxes could be your road to financial doom. Post World War II, the landscape of unions, benefits, and pensions drastically transformed, but did it serve or undermine the individual worker? Let's journey together through this significant period, shedding light on how governmental control and the taxation system have eroded individual autonomy. Discover how liberating decision-making from the clutches of the government can propel societal growth and well-being. Finally, let's delve into the work of Edward Deming on the 'constancy of purpose' and the adoption of a new philosophy. We'll stir your thought process by discussing the necessity of demolishing barriers, ousting fear, and nurturing a culture of innovation. We'll also touch upon Nash's 14 points of quality and his seven deadly sins. So gear up to seize control of your life, money, and future - the journey might be arduous, but the reward is an empowered life, filled with purpose and growth. In the end, the choice to shape your financial life is in your hands - will you emulate the successful few or follow the multitude? Listen in to find out how. Join us to get a fresh perspective on living with purpose and succeeding in improving the quality of your finances. Relinquishing ControlHow Do Taxes Work?Control Your Livelihood and PurposeLeadership and OwnershipLearn from OthersTake ActionLive on PurposeBook A Strategy Call Relinquishing Control [02:08] “[Nelson] says when government creates a problem—onerous taxation—and then turns around and creates an exception to the problem they created—tax shelter retirement plans—aren’t you just a little bit suspicious that you’re being manipulated?” This is the crux of the problem when the government asks you to relinquish control of your dollars to them. They make promises that it’ll be good for you, but it’s even better for them. One promise, for example, is that you get to defer taxes or take a tax credit. And while you get to do that now, that doesn’t exempt you from paying taxes later.  And the unfortunate truth is that not only are you paying taxes on the harvest (i.e. the larger sum), but taxes are also much likelier to increase over time than to decrease. In the end, you can’t guarantee future tax rates, but you can plan for them now. Wouldn’t you rather pay taxes now to be exempt later?  It’s important to stop and think WHY you’re being told to take certain actions and figure out who benefits most. This is especially true if you’re being asked to relinquish control of your dollars to someone else.  How Do Taxes Work? When we talk about taxes, it’s important to note exactly what that means. United States income taxes are marginal, which means that everybody’s dollars are taxed the same from the bottom up. So the first $11,000 of every person’s income is taxed at the same percentage. Then everyone’s dollars from $11,001 to $44,705 are taxed at the same percentage. So when we say that someone is in a 24% tax bracket, that doesn’t mean all of their income is being taxed at 24%. Their income is just high enough to have a portion of their income taxed at that percentage.  So,

Prepare to see retirement in a new light as we dissect the traditional financial paradigm and question the perceived desirability of retirement. We promise to challenge your current beliefs and open your eyes to the pitfalls of relying solely on government plans for a secure financial future, and why we call it the retirement trap. Join us as we scrutinize Nelson Nash's Infinite Banking Concept as we continue reviewing Becoming Your Own Banker, a game-changing perspective on personal finance control. https://www.youtube.com/watch?v=EeYJuNTZBuU We'll unpack Nash's audacious prediction - the demise of social security, and its potential propping up using reserves like private pension plans. Exploring the history and evolution of social security since 1935, we'll reveal how this system has been a crutch for failing social programs. Uncover the importance of being in charge of your own finances, countering the fear of running out of money.  Embrace a fresh perspective on retirement, replacing it with the concept of ownership. Listen in as we encourage continuous work and service to others, all while honing your skills. Learn how to break free from the government's influence on your income and escape the retirement trap it creates. We'll show you how to transform your life and business into something you love, by seizing control of your finances. Tune in, and let's together model successful people, reflecting on the difference between being controlled and being in control. Join us as we continue the series through Nelson Nash's work, Becoming Your Own Banker, to discuss the pitfalls of social security, pensions, retirement, and why you are better off without them. Rethinking Retirement as a Financial GoalWhat is the Retirement Trap?Government-Sponsored Retirement Traps AccountsHow Can You Avoid the Retirement Trap?The Value of OwnershipBook a Strategy Call Rethinking Retirement as a Financial Goal [06:50] “[Nelson] talks about how the American people are programmed both willingly and unwillingly.” What we mean by this is that we are constantly being bombarded with information, advertisements, and opinions that influence our worldview, both intentionally and unintentionally. We absorb so much about every conceivable topic, and the way most people view retirement is no different. Narratives are being fed to us about the “right” way to retire. The question is, are these ideas really helpful? And do they actually serve your personal goals for your money?  We want to urge you to rethink your worldview, even if your ultimate conclusion stays the same. Because without that examination, how can you know that you have all the information you need to make the best possible decision for you?  So today, we’re looking at the typical worldview of retirement, and asking the question: Is retirement what you should be striving for?  What is the Retirement Trap? Retirement, and the concept of Social Security, is a socialist idea. It requires you to give up some financial control now by paying into the system so that in the future the government can supply what you need. This is the very zoomed-out perspective of the situation, but it begs the question: How much can you rely on the government to take care of me, and why should you? The earliest and simplest form of retirement was created as a way to take care of people who lived well beyond the life expectancy of the time because people generally worked their entire lives. In essence, this system was only meant to take care of those outliers that lived beyond life expectancy and perhaps couldn’t work. Now, life expectancy far exceeds age 65 or 70, and it’s a system we still implement.  The problem is that when you relinquish control of your future earnings to the government, you have to trust them to provide. They’re in control, and your income is at their mercy unless you can otherwise supplement it. It’s not a reliable or sustainable way to live. ...

Change isn't easy. It's almost always more comfortable to stay the same than it is to do something new.   https://www.youtube.com/watch?v=ENHUPQ6oblQ What if the secret to financial freedom was already within your grasp, waiting for you to seize it? That's exactly what this episode of our podcast is about: the Infinite Banking Concept and the important role that desire and mindset play in it. We'll guide you on the journey to being your own banker, starting with battling negative thoughts and stepping into a positive mindset, as well as the 3 things you need to get started with Infinite Banking. We also share nuggets of wisdom from Nelson Nash on the importance of capitalizing on your system and the critical need to understand Infinite Banking fully.  Embrace Change3 Things You Need to Get Started with Infinite Banking1. Desire2. Patience3. EnvironmentBook A Strategy Call Embrace Change Change is difficult and uncomfortable, however, you must have the desire to change in order to prepare yourself for Infinite Banking. Otherwise, you cannot go through the paradigm shift necessary to benefit from IBC. It's a completely different way of thinking than most people have been taught, and that can bring up some uncomfortable thoughts. The power of stepping outside of your comfort zone is that the catalyst for this action is often discomfort, too. So when your current discomfort becomes more unbearable than going through change, you're ready to grow. There's almost nothing you can do but go "up," so to speak. No matter how you're feeling, remember that the discomfort is temporary, and it serves to move you to the next phase of your life. It moves you to seek comfort, and you'll find it. If you’re ready for this journey, there are three things that Nelson Nash shares in his book that are essential for you to implement in your life, or otherwise embrace, to begin using the Infinite Banking Concept.  3 Things You Need to Get Started with Infinite Banking 1. Desire To become a person who uses the Infinite Banking Concept, you have to have a strong desire. It's easy enough to say you want to use Infinite Banking. However, sometimes wanting to do something isn't enough. After all, there are dozens of other things you might want even more. And if your habits don't support your desire, it's going to be an even harder battle. Humans are complicated, and we have a lot of very human forces working against us. Parkinson’s law, for example, reflects our very human desire to spend the money that we have. Yet this law is the antithesis of Infinite Banking, which is about saving the money that we have in order to make better use of it later. Unfortunately, because most people are compelled to spend, they build habits that are hard to break. Your desire to implement IBC and use it to better your financial life has to be stronger than your human nature. It has to be stronger than your desire for other things. Each of us has to find our own compelling reasons to buy a life insurance policy—family, a dream career, security. Without those reasons guiding us, overcoming bad financial habits can be hard.  More than that, your desire can’t simply be to outrun your bad habits. Doing so starts your journey on a negative foot, and brings other baggage with it, like shame and fear. You have to find reasons to use IBC that are rooted in the positive impacts it can have on your life. Again, what's most important to you in this world, and how can IBC help you support and protect those desires? 2. Patience Once you’ve established a desire for growth that is stronger than your desire to stay where you’re at, you’ll need patience. Whole life insurance, the preferred vehicle for executing the concept of Infinite Banking, is a long-term product. You’ll be funding this policy, ideally, for as long as possible over the course of your life.  [29:57] “Without patience,

Infinite Banking gives you the advantages of cash value, dividends, and a death benefit that all grow over time, making a policy more and more attractive the longer you have it. And the methods to fund your policy are as unique as you are. Because you have a need to pay for things during your lifetime, the IBC capitalization of whole life insurance addresses this need head-on.   https://www.youtube.com/watch?v=kwWoL_l3x-s Rather than thinking of your life insurance and your large ticket purchases as two separate things, Infinite Banking demonstrates a system to do both. By financing large purchases like cars, equipment, and rental properties with your Infinite Banking policy, using it to control the banking function, you can add dollars into the policy that make it perform better over time. Unlock the secrets to controlling your own finances with an in-depth exploration of Nelson Nash's "Becoming Your Own Banker." Experience the power of capitalizing a policy that provides greater acceleration, increased cash value, and dividend returns, and learn how this process allows you to reap the benefits of the Infinite Banking Concept. We'll also tackle the human condition's impact on understanding and utilizing this concept, and how personal growth and mindset shifts are necessary to maximize these benefits. Discover how to finance equipment using infinite banking, focusing on maximizing your policy's value. Listen as we break down Nash's method: financing a policy for just four years, then using dividends and a slice of the death benefit to pay the base policy. We'll also delve into the potential of combining a policy with equipment financing, forming a powerful financial tool that helps you purchase assets without traditional financing. What If You Don’t Want to Capitalize As Long As Possible?Using Your Money After IBC CapitalizationCan You Pay Additional Interest?Book A Strategy Call What If You Don’t Want to Capitalize As Long As Possible? Last week, in our conversation on capitalization, we concluded that if you want the maximum amount of cash value growth, you’ve got to maximize your capitalization. That means paying all of your base premiums and all of your PUAs for as long as you possibly can. However, there may be reasons that you can’t do this, or don’t want to do this. After all, life happens unexpectedly, and sometimes we have to pivot our plans.  That’s why Nelson offers an alternate option in his book. What if you only maximized your capitalization for 4 years? Then, after that, you started to use the policy, and you found other ways to fund the premium? While his example may feel extreme, it highlights just how flexible whole life insurance can be—that even in four years, your policy can basically pay its own premiums.  He does this by surrendering the dividend and using it to fund the base premium only—no PUAs. However, in four years, the dividend isn’t quite high enough to do this fully, so he also surrenders some death benefit. This reduces his base premium, making it possible for the dividend to fully cover the base premium if he chooses.  Using Your Money After IBC Capitalization So let’s examine Nelson’s method in this chapter. After he pays premiums with the dividend, he recommends using the banking function. In other words, it’s time to finance a purchase. In his particular example, he has a little over $159,000 of cash value. And in order for the insurance company to make money off of that, they have to lend an equivalent sum to someone. So, of course, they’re going to lend it to you.  When the insurance company lends you money, they’re giving you their money, not yours. Instead, they put a lien against your cash value. That way, if you don’t pay, you can consume your cash value to reduce the loan (however, you don’t want to do this if your goal is to have a large pool of capital). What you want to do is diligently pay your loan back, at the very least,

In this episode, we discuss how our new book, "Seven Generations Legacy," serves as a guide to creating a lasting legacy for future generations. The discussion emphasized the significance of leaving behind more than just material wealth.  https://www.youtube.com/watch?v=lRTFIUmxw20 In the world of wealth management and estate planning, the term "legacy" is often used to refer to the financial inheritance we leave behind for our loved ones. However, legacy extends beyond monetary value and encompasses our values, traditions, and life lessons that are passed down to future generations.  (0:01:00) - Design a Multi-Generational Legacy (10 Minutes)(0:10:45) - Near-Death Experience and Reflection on Family (14 Minutes)(0:24:33) - Book Pre-Order Special Offers (11 Minutes)(0:35:18) - Seven Generations Legacy Planning and Meaningful Inheritance (13 Minutes)(0:48:40) - Passing on Generational Wealth and Legacy (15 Minutes)Book a Strategy Call (0:01:00) - Seven Generations Legacy: Design a Multi-Generational Legacy (10 Minutes) This segment explores the importance of legacy planning and creating a multi-generational legacy beyond just money. We discuss the questions and concerns many people have about what will happen to their children and their values after they pass away. Introducing our new book, "Seven Generations Legacy: Design a Multigenerational Legacy of More than Money" we explain how it can help readers create a lasting legacy for their families. Gain insight into the importance of legacy planning and how this book can guide you in creating a meaningful and impactful legacy for future generations. (0:10:45) - Near-Death Experience and Reflection on Family (14 Minutes) This segment explores the personal experience of the host, Rachel, who faced severe health complications after delivering her second daughter. Rachel shares her near-death experience and the miraculous recovery that followed, highlighting the emotions and realizations that came with this life-threatening event. The conversation delves into the understanding that life is a precious gift and emphasizes the significance of each individual's purpose within their family. (0:24:33) - Book Pre-Order Special Offers (11 Minutes) This segment explores the topic of legacy planning and how to leave a financial inheritance for your children without negatively impacting their character and stewardship. We discuss the power of money and how it can magnify one's soul, emphasizing that it is neither inherently good nor bad. Building strong relationships within the family, especially between spouses, is crucial for creating a cohesive and unified legacy. We also offer a special pre-order bonus for our listeners, including the audiobook and e-book, as well as tools for building resilient relationships and getting started with estate planning. Additionally, we reveal a special bonus on how to train children for financial stewardship. Overall, this chapter provides valuable insights and practical tools for creating a lasting legacy for your family. So, when you pre-order your copy (BY DECEMBER 9TH), just email a screenshot of your purchase to hello@themoneyadvantage.com, and we’ll send you your AUDIOBOOK + E-BOOK you can read right away, PLUS the Financial Literacy Lessons ABSOLUTELY FREE! https://www.amazon.com/Seven-Generations.../dp/B0CN1RX8H8 (0:35:18) - Seven Generations Legacy Planning and Meaningful Inheritance (13 Minutes) This chapter explores the main problem with typical legacy and estate planning, which often overlooks the deeper meaning behind the legacy. Instead of solely focusing on money and legal structures, we discuss the importance of considering the values and intentions behind leaving an inheritance. We also touch on the "shirt sleeves to shirt sleeves" proverb, which highlights the common downfall of generational wealth. To break this curse, we emphasize the need to develop not only financial capital,

Renowned expert Dr. Lee Hausner shares practical strategies for successful parenting in affluent families. She discusses the challenges of balancing comfort and long-term well-being, addressing discipline and social media impact, and the role of parenting in developing human capital. The podcast also explores the importance of wisdom in the trustee role and different types of capital, parenting for success and flourishing children, the significance of discipline and natural consequences, and strategies for dealing with entitlement.

Prepare to elevate your financial game as we unravel the infinite secrets in Nelson Nash's Infinite Banking concept. Promise yourself a brighter financial future armed with the knowledge of how you can start controlling the banking function in your life, maximizing your cash value, and creating a lasting legacy.  https://www.youtube.com/watch?v=xBWRAq4WcNs We’ll reveal how to strategically capitalize your banking system so that you can experience the power of Infinite Banking in your life and legacy. Dividend-paying life insurance makes everything you’re already doing in your financial life better—financing, income, saving, investing, and leaving a legacy. That’s because you gain a banking system that produces compounding interest and dividends that you can use in various ways.   As we navigate through Nash's infinite banking concept, we shed light on taxable income and financing in banking. We break down how this concept can be used to finance significant purchases, using a logging truck as a case study. We also offer valuable tips for success in business, reminding you that understanding the perspective behind the words is pivotal to applying the Infinite Banking concept in various financial scenarios. We're excited to share these insights and encourage you to consider booking a session with an advisor to fully leverage this concept. Let's together create an empowering financial future! The bottom line is that capitalization drives your ability to reap the benefits. The more you capitalize, the greater your advantages.  How you capitalize and the methods you use are a matter that requires looking at your personal situation and playing your cards best, whatever hand you are dealt. Controlling the Banking FunctionCapitalization is Key Other Ways to Capitalize an IBC PolicyHow Long Should You Capitalize? Book A Strategy Call Controlling the Banking Function When we talk about the Infinite Banking Concept, it's critical to understand that IBC refers to the banking function, not the asset you use (whole life insurance). So what does it mean to control the banking function? Controlling the banking function is about replacing the bankers in your life and, as the title of Nelson Nash's book suggests, becoming your own. You're NOT becoming the bank, however. What it means to be the banker is to be in control of how you save, store, and invest your capital. You're in control of moving money and approving major financing, rather than relying on someone else to do it for you. And in order to control the banking function in your life, you have to have capital. That's where whole life insurance comes in. Whole life insurance is an ideal place to store and grow your capital for many reasons, namely that you get to partake in safety, liquidity, and growth. Many assets only offer two of the three components, maximum. Controlling the banking function doesn't stop there, though. You've got to fund the asset, which Nelson also calls the capitalization phase. This is central to the Infinite Banking strategy. Capitalization is Key  [10:30] “The end conclusion of this chapter is that the most cash value and the most death benefit at the end of the policy–the way you get that–is to capitalize the most. And what you can do to capitalize the most is to pay all of your base premium and all of your paid-up additions stacked together…all the way out [for] as long as possible in the policy.” Capitalization is how you build your capital, and you only do that through contributions. This is a big reason that cash value acts like a savings vehicle—because those premiums and PUAs contribute directly to cash value growth. The more you maximize your payments each year, the more capital you’ll build–now and later.  So if you plan to use the living benefits of your whole life insurance, you’ve got to capitalize. You should want to pay as much money as possible because that’s going to create the foundation for your...