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What Is Infinite Banking?

by Gary Van Linde

Basic Concepts

1)      The essence of the “Infinite Banking Concept” is to recover the interest that one normally pays to a banking institution through the use of dividend paying life insurance and then lending those funds to others so that the policy owner makes what a banking institution does.  Funds may be lent to any party including your-self and earnings grow within the policy tax deferred.  Thus you are both reducing your tax burden and capturing monies for yourself that a banking institution normally would receive.

2)      A foundational principle of the concept is that anytime you can cut the payment of interest to others and direct that same market rate of interest to an entity you own and control, which are subject to minimal taxation then you will have improved your wealth generating potential significantly. (Insurance companies do pay taxes – it is just that dividends in an insurance policy are not taxed – we will talk about this later.)

3)      A concept or principle that must be understood before we began is that we are not talking about investing here rather we are talking about financing.  Financing is a process not a product.  Financing involves both the creation of and maintenance of a pool of money and its use.  However we will see that when a financing system is combined with an investment system the combination of the two will always out perform an investment system.  When the system combines reduced tax liability with a financing engine and allows complete control over your investments there appears to be no system capable of generating wealth with as much consistency or speed.

4)      A second concept or principle we must all agree on is that you finance everything.   You either finance by:

  1. Paying interest to someone else – a bank, lender, etc.
  2. Or giving up interest you could have earned otherwise.

5)      For these reasons when we are discussing investment alternatives we must not only weigh the return we will receive but we must also evaluate what we are forfeiting or giving up.  This mind set will become more important as we evaluate the “Infinite Banking Concept”.

6)      For all of the reasons mentioned above every person should be fully engaged in two businesses.

  1. Your  occupation
  2. Banking

Watch the Infinite Banking Video here: http://www.infinitebanking.org/byob-video.php


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