Blog

R. Nelson Nash: The Father of the Infinite Banking Concept

3/30/2025

R. Nelson Nash is the originator of the Infinite Banking Concept. His ideas are based on Austrian economic theories with a specific emphasis on using dividend-paying, whole life insurance to create your own family bank. In this way, you eliminate the need for banks and bank debt and put the financin

Infinite Banking: Scam or Serious Investment Option?

3/30/2025

Is the “Infinite Banking scam” really a scam, or does it make sense as an investment strategy? Imagine if you could grow your money, without risk or tax, and access it any time. It almost sounds too good to be true — which is exactly why critics who still cling to traditional investment strategies

What Does It Mean to Be Your Own Bank?

7/10/2026

A plain-language introduction to infinite banking and cash value life insurance.

What are Paid Up Additions

10/18/2022

If you are considering purchasing life insurance, you may have heard about a rider called the “paid up additions” rider, or PUA. It’s a rider that I personally use, and if your purpose is to accumulate cash value quickly, like we do with the Infinite Banking Concept, this rider can be beneficial. He

Rolling My 401k or IRA into Life Insurance

10/18/2022

This post is part of our Frequently Asked Questions resource page. Life insurance policy loans are one of the least understood aspects of the Infinite Banking strategy. In fact, many insurance agents have been banned from selling insurance through different companies, simply because they portrayed l

Infinite Banking- Charging Yourself Extra Interest

10/18/2022

This post is part of our Frequently Asked Questions resource page. The idea of paying, or charging, yourself extra interest is more of a philosophy than a rule, and is commonly taught incorrectly, in my opinion. The idea of paying yourself more interest than the insurance company charges is simply a

How Policy Loans Work

10/18/2022

This post is part of our Frequently Asked Questions resource page. Life insurance policy loans are one of the least understood aspects of the Infinite Banking strategy. In fact, many insurance agents have been banned from selling insurance through different companies, simply because they portrayed l

Top 5 Must Have Finance Apps

10/17/2022

As we enter the 3rd month of this new year I’m hoping you’re well on your way to crushing the financial goals you’ve set. As you make your way along I thought it’d be helpful to take a look at a few of the apps available to help. Quick note: with the sheer number of apps available it was impossible

Premium Financing: What You Need To Know

10/17/2022

To the general public the idea of borrowing money to pay for an insurance premium seems like an outrageous idea. However, the need for premium financing is huge, but these aren’t your average insurance policies. The idea of premium financing or premium funding is simple – typically a third party wil

The Cyprus Banking Debacle – Another Case For Mutual Life Insurance

10/17/2022

It might be only a matter of time before we see things like Cyprus happen in other countries. Of course they always say this could never happen in the United States, but the truth is we’ve got a serious debt crisis too. In Case You Haven’t Heard… If you woke up on Monday morning and had money in the

What To Do With My Cash Savings

10/17/2022

With the Federal deficit at historical highs, artificially low interest rates, banks leveraging money out of control, and the recession dragging on, it has become more difficult for many people to justify putting all of their money at risk in investments. This leads to many people having significant

Before You Cash Out Your Universal Life Insurance Policy

10/17/2022

With the Wall-Street Journal and many other publications talking about failing Universal Life Insurance, many people are wondering what they should do with their policies. You may even have some good cash value built up as well, so what should you know before you cash out? Many people, I find, are l

Term Insurance

10/17/2022

Often times with the way we talk about whole life insurance, people get the impression that we are against term insurance. This is completely false. We are not using whole life insurance for the insurance. Sure, we hope to get to a point eventually where we have enough insurance from our high cash v

Why Making Purchases With a Life Insurance Policy Loan Makes Sense

10/17/2022

Let me tell you about Jim. Jim is 55, and Jim is pretty mad. I just got done reading an email from him and, he was in a fury, a bit humorous, but the angry overtones were definitely there. He’s mad at himself and the world that he didn’t understand the concept of compound interest and how to make pu

My Mutual Fund Challenge

10/17/2022

Want a real challenge? Pick a growth mutual fund today that will return 12% per year return for the next 30 yearsTough you say? Impossible? Okay, how about 20 years? Still seem impossible? Well then how about 10 years? Come on… how hard could it be? • Online brokerage firms let you choose from over

Life Insurance Premiums (Base, PUA, Term, and Reduced Paid Up)

10/17/2022

After a long and arduous battle with a lengthy blog post idea on this topic, I realized that a podcast was going to be much easier. And now, for your less boring audio educational enjoyment… Life Insurance Premiums (Base, Paid Up Additions, Term, and Reduced Paid Up)

How to Supercharge Your Emergency Savings Fund

10/17/2022

An emergency savings fund is a must have. That being said, many times people lose out on a whole lot of cash value because they don’t look at their money the right way. They don’t put a future value on their money. How does this apply to an emergency savings fund? Well, you might be surprised how mu

Analyzing Costs in a High Cash Value Life Insurance Policy

10/17/2022

“But what is the cost?” This is question that I often get before I’ve sat down with someone and showed them an actual insurance illustration. It’s a difficult question to answer without looking at numbers and understanding the actual dividends of a life insurance company. On top of this, because we

Whole Life Insurance is a Bad Investment, Right?

10/17/2022

I was in a bit of an online argument (don’t worry I’m ok) the other day with a guy on some random website comments. These are unproductive, for the most part, and Dan Thompson would be telling me it’s a waste of time. Probably true. To continue, we were about done with it all when he attempted to se

Using Cash Value Insurance While Paying Off High Interest Debt

10/17/2022

Hey. Thanks for stopping by this post. I am starting this out odd because, well, I’m a bit tired. The reason. This is the third time I am writing this post. I started out trying to show how to use life insurance with debts, but it got way too complicated. And every situation is so much different. Bu

Apple Stock Takes HUGE Hit – Did You See It Coming?

10/17/2022

What do you think of when you see this graph: This is Apple’s share price between 10 am and a little after 5 pm today – April 26th 2016. All I can say is WOW! After they released a lackluster earnings report their stock dropped by more than 8%! Can you believe it!? Here’s the problem, even though yo

3 Things to Look for in a High Cash Value Life Insurance Policy

11/13/2013

3 Things to Look for in a High Cash Value Life Insurance Policy November 13, 2013BlogNick D. Lot’s of over complication going on out there – this 1 minute and 30 second video will break down the 3 key things to look for in a High Cash Value Life Insurance Policy. About Nick D. By Nick | Follow Nick

How To Best Use Your Tax Refund

2/27/2013

It’s that wonderful time of year, tax season! As we approach the beginning of March I thought it’d be a good idea to fill you in on some of the best ways to use the tax refund you’ll hopefully be receiving soon. The average refund in 2012 was $2,803….not bad – maybe you plan on getting more or less

Statistics Say We Are In a Crisis!

2/26/2013

The 2013 scorecard from assetsandopportunity.org is, unfortunately, quite scary. What is striking to me is that net worth is still on the decline. In 2006 we hit our peak, 96,000 dollars was the median net worth. Now, that number has declined to 70,000 dollars in 2010. The most striking problem that

Muscles, Tendons, Joints and Money

2/25/2013

Photo credit MIKECNY For those of you that have sufficiently stalked me it will come as no surprise that I’m somewhat of a baseball nut. Well, maybe nut isn’t the proper term, but I like baseball a lot -so much so that I take time out of my day for 4 months out of the year to coach a high school bas

How to Save Money on Prescription Drug Medications

2/25/2013

Google it. Now that may seem like a lame answer, but have you taken the time to search Google to find discounts before? Well, I didn’t either, until today. I was trying to buy a generic prescription and my pharmacy didn’t have it. The brand name prescription was 130 dollars. So, I was like, “no way.

Is Universal Life Insurance or Variable UL a Good Investment?

2/25/2013

I’ve had this discussion with many people. I’m sure I could answer this, however, I think Nelson Nash, in his book “Becoming Your Own Banker,” does a much better job. Here is an excerpt on Universal life and Variable Life from the book. “My Thoughts on Universal Life and Variable Life “Universal lif

How Banks and the Federal Reserve are Working Hard to Rob America

2/21/2013

The Mises Institute is one of the finest institutions for those interested in economics, and primarily Austrian economics. We interviewed Mark Thornton, who has been with Mises for over 30 years, on how banks work, and how government regulations are affecting the average American. I really wanted to

The 5 Practical Steps of Making a Budget

2/20/2013

Budgeting isn’t the most popular or exciting way to spend one’s time. For many, the very thought of it induces heavy sighing and immediate brain fatigue. Even for those who might consider themselves more “organized”, the process of creating a budget and sticking to it isn’t always straightforward. P

How Credit Cards Paid Me to Go on Vacation

2/18/2013

Check out the picture to the right. That’s my wife and I enjoying a 5 day Caribbean cruise just last week. We had a blast visiting Haiti and Jamaica, and other then the full layer of skin that peeled off my face, I’d say we had a good time. Now why do you care right? Recently I wrote about why you s

Nelson Nash Quotes

2/1/2013

I’ve been re-reading Becoming Your Own Banker, by Nelson Nash. It’s such a solid book, and really it’s the first book written on the Infinite Banking Concept. In it, Nelson comes up with a majority of the terminology we use today. I want to put a few quotes up that I really enjoy from the book, and

Why Infinite Banking is Better for Any Investment

1/25/2013

Once again, I could take the time to answer this thoroughly. However, Nelson Nash does such a good job at addressing this in his book, “Becoming Your Own Banker,” that I am going to take a excerpt from that to address this question. By the end of this you will see why any of your investments, stocks

My Youtube Videos

1/19/2013

My Youtube Videos January 19, 2013Infinite BankingJosh Here is my Youtube channel and current videos… http://www.youtube.com/user/joshthompson208 My Google + https://plus.google.com/102579279556561096230/posts About Josh By Josh | Follow Josh on Twitter View all posts by Josh →

Whole Life Insurance Cash Value

1/11/2013

Happy New Year! Hopefully you’ve got some goals set to make 2013 your best year yet. This post is going to be focused on whole life insurance cash value, one piece of the whole life insurance puzzle. Whole Life Insurance Cash Value can be looked at in two ways – but before we get into that let’s mak

How Does Life Insurance Work

12/14/2012

It may seem like a simple question, but it’s one that gets asked all too often and deserves a clear answer. How does life insurance work? With life insurance coming in all different shapes, sizes and structures it’s not an easy question to answer but it also explains why so many people are trying to

IRS Rule 72t

11/27/2012

According to Investopedia An Internal Revenue Service (IRS) rule that allows for penalty-free withdrawals from an IRA account. The rule requires that, in order for the IRA owner to take penalty-free early withdrawals, he or she must take at least five “substantially equal periodic payments” (SEPPs).

Mutual Fund Perfomance – Infographic

11/19/2012

In case you weren’t aware, mutual fund performance has been abysmal over the past decade. The graph represents the total number of mutual funds available (a little over 7,000) and the total number of funds that performed better than the S&P 500 each year for the past 10 years. That was fun! I’m sure

Important Financial Decisions After Obama’s Reelection

11/8/2012

Obama won the election and as such we have to consider what that means to each of us financially speaking. Now more than ever you need to look at what you are doing with your money, and find ways to keep it safe and out of the tax loop. Related posts: Financial Education – How America Stacks Up Buil

How Far Would You Go To Pick Up A Penny

10/26/2012

How Far Would You Go To Pick Up A Penny October 26, 2012PodcastJake Nick’s long lost cousin collected over $3,000 in pennies! Listen in as we talk about how far we would go to pick up loose change. Let’s just say some will go farther than others… About Jake By Jake | Follow Jake on Twitter View all

Banks Place Billions of Dollars in Life Insurance

1/12/2012

Here is a quick video showing you how to navigate the FDIC website in order to find out how much money the banks in America are placing in cash value life insurance. The dollar figures you see will amaze you.

Don’t Buy Stuff You Can’t Afford

1/10/2012

It’s funny, we get a good laugh from videos like this, but the reality is that this is how many of Americans live their lives, and government too. A lot of the economic crisis we are living is due to poor decisions by government, wall street, and other big name financial institutions, but we can’t t

Video: Hidden Fees in 401k Plans

12/30/2011

Although this is a 3 part video, it is one of the most interesting. Many American’s are not actively calculating the actual balance of their 401k’s from statement to statement, and are not aware of the increasingly steep fees and charges being deducted from their 401k’s, while not being reported on

Video: Milton Friedman On The Redistribution of Wealth

12/30/2011

I found this interesting video about the redistribution of wealth. Many people in this country are led to believe that capitalism is innately unfair, and that it provides the rich with benefits the poor do not gain. Check it out…

Protect Your Wealth

12/20/2011

There are plenty of strategies available that claim to ‘protect your wealth,’ however many have hidden costs or fees that hinder the growth of your money. Let’s define the ideal vehicle for truly protecting and growing your wealth and see if there is anything available to match our definition. First

Debt In Perspective – The Startling Truth

12/15/2011

I recently received an email in which our national debt was broken down to a level that really hits home. Here is how it went. • U.S. Tax revenue: $2,170,000,000,000 • Fed budget: $3,820,000,000,000 • New debt: $ 1,650,000,000,000 • National debt: $14,271,000,000,000 • Recent budget cuts: $ 38,500,0

IRA Alternatives

12/13/2011

If you are like thousands of Americans you are working hard to save money for retirement in an IRA, 401(K) or other government sponsored plan. I would also imagine that you are sick and tired of watching your hard earned money disappear before your eyes. So what is the alternative? You may have been

Permanent Life Insurance

12/12/2011

When it comes to your investments, many of the talking heads out there seem to have an opinion on everything. But for some strange reason, they are against any type of investment that doesn’t make them money. Well that seems strange? Yet still, with all the bias, many people see these radio and TV s

Top 3 Things I Do To Prepare Financially For The Future.

12/5/2011

As an advisor, I’m constantly asked what I think about our current economic situation, and how to handle all the possible threats we face. I will be the first to admit that there is no crystal ball, so I think its important to prepare in a number of different ways. With talk of hyperinflation, deval

Ready For Retirement? Most Aren’t Even Close.

10/10/2011

Over the past few years it’s become painfully obvious that an overwhelming majority of retirees don’t have enough money saved to sustain their lifestyle. In the below infographic you’ll find some shocking facts that, for those still in their working years, provide valuable lessons on what not to do.

Is the Market the Answer?

9/15/2011

“October. This is one of the peculiarly dangerous months to speculate in. The others are July, January, September, April, November, May, March, June, December, August, and February.” -Mark Twain Though funny, this is necessarily true. What’s funny is where does “the market” end. It doesn’t seem to,

The Importance of a Creditor Free Vehicle

9/9/2011

Based on the information in the graphic below don’t you think it might be a good idea to have as much of our money as possible in a vehicle that cannot be liquidated in the event of a lawsuit against you? I know, I know just one more thing to worry about as you contemplate what to do with your money

Video: Mike Maloney on Gold, Silver, and Economics

8/30/2011

This video is a little bit lengthy, but Mike Maloney has been advocating Gold and Silver since early 2003. His reasoning is simple- Government and Banks have been playing games, and we are going to need to protect ourselves from the results of those games. Check it out:

Risk vs. Reward

8/8/2011

The stock market has shown us once again that we are not in control. During the first week in August all three major indexes gave back all their growth for the year. In other words, if you were banking on the market to rise out of the recession it did – but only for 7 months – then you were crushed

Are We In Over Our Heads? The US Debt Problem

8/2/2011

The preacher said it best, “You cannot serve the Master, and the MasterCard” (“In Debt We Trust”). However, the US as a country, and as individual citizens, have been relying on debt to live day to day. “In the 1980s, households had 70 cents of debt for every dollar they spent in a year. Today Ameri

A College Student and Infinite Banking

7/11/2011

Thanks to Jake D. for sharing his personal experience with the banking concept. As a college student, creating a financial plan for the future was definitely not on the top of my priority list. I knew I needed money and that I wanted to accumulate it throughout my life, but I figured that process st

The 3 Biggest Secrets of the Wealthy

6/28/2011

I suppose with such a bold title I could drag this post out like a murder mystery and make you wait until the last line, building suspense, in order to finally hit you with some amazing new information you never knew that would change your life. But I won’t do that. In the book, “The Millionaire Nex

High – and often hidden – cost of government sponsored retirement plans

6/20/2011

Ron Lieber writes for the New York Times and has recently focused his attention on how 401(k) fees are structured, identified and communicated to participants. click here to read his article One major issue I see is the fact that the 401(k) plan has only been around for 30 years. Plans first started

Infinite Banking Explained

6/9/2011

In this video, Dan Thompson goes into the Infinite Banking Concept and exactly what it entails. There are a lot changes forthcoming as it relates to government, taxes, banking and other areas. We have a lot to be concerned about, and Dan explains how Wealthonomics utilizes the Infinite Banking Strat

Discovering New Tax Advantages for Business Owners

5/17/2011

Often times as individuals, we look back on the past and wish we would have done something different. With banking this is a common occurrence, especially for business owners (doctors, dentists, small business, etc.). The reason why this is so common is because of the tax advantages that come with t

Funding Life Insurance with Home Equity

5/13/2011

I had an interesting conversation with a client the other day. He suggested he use his home-equity to fund an insurance policy. Though this can be a good idea in some circumstances, there are certain things to be aware of. Apart from the fact that it needs to make financial sense, meaning you need t

Does the Infinite Banking Concept Really Work?

5/7/2011

This is a great question, and the answer is simple. Yes and No. Listen as Dan explains why the concept works and who it may not work for. [/quicktime]http://www.podtrac.com/pts/redirect.mov/wealthonomics.org/VideoPodcast/Does-the-Infinite-Banking-Concept-Really-Work.mov[/quicktime]

Common Mistakes Investment Advisors Make

4/6/2011

Common Mistakes Investment Advisors Make April 6, 2011Infinite Banking, Video PodcastAdmin This is an explanation of the common mistakes investment advisors make today. http://www.podtrac.com/pts/redirect.mov/wealthonomics.org/VideoPodcast/Dan-on-Common-Mistakes.mov About Admin By Becomingyourownban

How The Stock Market Is Affected By Natural Disasters

3/15/2011

Posted by Becoming Your Own Bank Advisor – Nick Drzayich I just got done reading an article on msn.com detailing how the earthquake in Japan has caused US stocks to plummet. The earthquake caused damage to a nuclear power complex that has been the site of three explosions, each explosion causing mor

Case Study #2: Finance Your Own Vehicles

3/3/2011

This is case study number 2 where Dan discusses how financing your own vehicles through your private bank your can gain the velocity of money needed to grow wealth. [quicktime]http://www.podtrac.com/pts/redirect.mov/wealthonomics.org/VideoPodcast/Case-Study-2-Finance-Your-Own-Vehicles.mov[/quicktime

The Blame Game

2/23/2011

Who’s fault is it? Look around at the economy, at the government, and our whole financial situation. Now I want you to think about this question. Who’s fault is it? According to Harris Poll, “Over three in five Americans (63%) blame large c

The Elevation Group Review

2/17/2011

  The elevation group was founded by internet marketing guru Mike Dillard.  Dillard became an expert on creating an online buzz and attracting eyeballs to whatever he was pushing.  His latest venture, The Elevation Group, cla

The 401k Predicament: Inaccessability

2/12/2011

Posted by BecomingYourOwnBank.com Advisor – Jake Thompson The 401k is often offered in many workplaces, some of which you are automatically opted-in, but is it the right direction to retirement? Apart from the uncertain taxes, fees, and the market itself, one of the 401k’s major downfalls may not be

Is Rate of Return the Most Important Aspect of Wealth Creation?

2/4/2011

We are often asked if rate of return is the most important aspect of wealth creation. In this video Dan discusses why rate of return is given too much priority, and not the key to successful wealth creation. [quicktime]http://www.podtrac.com/pts/redirect.mov/wealthonomics.org/VideoPodcast/Is-Rate-of

Hyperinflation Effects

1/31/2011

Posted by Becoming Your Own Bank Advisor – Nick Drzayich According to Investopedia the term Hyperinflation means: “Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control th

401k’s Should Not Be Required, Sorry MSN

1/24/2011

“It’s time to make the 401k mandatory, with every employer offering a plan and both employer and employee required to contribute.” This little ditty comes from www.msn.com, and although I know their intentions are good, this is an idea that has been perpetuated for quite some time, and it’s time to

Keeping Money Safe Lawsuits

1/24/2011

Maybe you’ve heard a story similar to this one: one day Mr. Smith was backing out of his driveway just like any other day. Unbeknownst to him Mrs. Jones happened to be on her morning walk past his house. Mr. Smith was in no hurry and he was taking his time as he backed into the street. Mrs. Jones wa

Will Your State Be Next In Line To Increase Taxes?

1/17/2011

We are all aware that for the past couple years tax rates have been incredibly low. For a look at how the current tax rates compare to past tax rates take a look at this snapshot of the Truth Concepts Calculator. Many would argue that taxes are being held artificially low as our debts as a country c

Make Money For Your Business And For Yourself While Planning For Retirement

1/12/2011

I was reading an article on www.MorningStar.com about retirement planning for business owners (article here) where they answered a question… “Question: I’m starting my own consulting business. It’s slow-going, but I don’t want to neglect retirement planning while I’m getting my business off the grou

Dude, Where Did My Savings Go?!

1/11/2011

I ran across this graphic today and thought I’d share. Why in the world aren’t we saving more? Seems like workers in the 70′s and 80′s had their heads on straight, saving somewhere around 10% of what they made. The problem they ran into is the stock market tanked at the worst time – right before the

How Baby Boomers Will Affect The Financial Markets

1/10/2011

On January 1st, 2011, Kathleen Casey-Kirschling was the nation’s 1st baby boomer to turn 65, along with around 10,000 more. According to Pew Research, 10,000 of these Baby Boomers will be turning 65 each day throughout 2011. They continue, “26% of the total U.S. population are Baby Boomers…(this) wi

Time To Retire Your 401(k)

1/10/2011

I ran across an interesting article the other day written by Stephen Gandell and featured in the October 2009 edition of Time Magazine. Gandell talks about the various reasons why 401(k)s have failed their owners since their inception. You can click here to read the article in it’s entirety. I would

Build Your Financial Foundation

1/5/2011

Building a solid financial foundation seems boring, wouldn’t you rather be trading stocks, buying low, selling high and feeling the rush that comes from risking your money for the chance of hitting the jackpot? Maybe I’m a boring person but I’d rather start with a foundation and then play around wit

Case Study #1: Banking for Dentists

1/5/2011

Here is a little explanation on how the Infinite Banking Concept can be used to improve the wealth creation of a dentist and his practice. [quicktime]http://www.podtrac.com/pts/redirect.mov/wealthonomics.org/VideoPodcast/Dan-Banking-for-Dentists.mov[/quicktime]

How You Can Be the Bank

12/20/2010

Posted by YouBeTheBank.org Advisor – Josh Thompson Sometimes, in order to conquer your money situation, you have to learn to Be the Bank. But that isn’t always easy. But it is possible. What are the steps necessary in order to Be the Bank? Let’s look. 1) Capitalization – The first step is quite poss

Infinite Banking – Not For Everyone

12/17/2010

Maybe you are someone who has been extremely disciplined with your finances and you’re thinking that implementing the Infinite Banking strategy won’t better your situation. Most likely you are absolutely right. In fact infinite banking could be the furthest thing from a solution for you and your sit

You Be the Bank

12/7/2010

Posted by BecomingYourOwnBank.com Advisor – Josh Thompson Tis the season… And surprisingly, in the midst of all the decorations, I’m shocked at how much of the exact same advice is being given out in the entire blogging world. Everything I read is about “saving money this holiday season.” Articles o

Read Infinite Banking Overview

12/6/2010

Post by BecomingYourOwnBank.com Team We are often asked here at BecomingYourOwnBank.com to recommend the most concise overview of the infinite banking concept. Because infinite banking is truly a system it will take some explaining no matter how you slice it. Eventually you will need to sit down wit

Differences Between Infinite Banking Agents

12/2/2010

Often I am asked what the difference is between different Infinite Banking Agents. What should you be looking for? What makes an agent good and what should I be using to compare? This video answers these common questions. Watch video: Difference Between Agents

Why Business Plans are Overrated, but Business Planning Is Not

12/1/2010

Guest Post by Dallon Christensen According to Small Business Trends and CNNMoney.com, small business lending suffered mightily during 2009. The decreased level of lending could be expected as the Small Business Administration’s loan failure rate increased to 12% in 2009. General Dwight Eisenhower on

Infinite Banking Overview Book

11/29/2010

If you’ve done any research on The Infinite Banking Concept you know there is a sea of information online about the concept. Not to mention plenty of books written to explain the intricacies of Becoming Your Own Bank. Of all the books written there isn’t one that gives an overview of the concept in

Vacation Wisely

11/23/2010

Becoming Your Own Bank is often referred to as The Infinite Banking Concept, and for good reason, the ways Becoming Your Own Bank can be used truly are infinite. There are over 100,000 families and individuals across the country using Becoming Your Own Bank for thousands of different reasons, many o

The Banking Effect – Update

11/11/2010

Dan Thompson’s second book, THE BANKING EFFECT, is in the final phase of editing! It won’t be long before you can get your hands on a copy. The book will be available on Amazon in hardcopy and kindle version. The Banking Effect is the perfect book for those looking to learn more about the Infinite B

A Better Mousetrap

10/11/2010

An excerpt from, “Discovering Hidden Treasures” by Dan Thompson Over the past twenty four years that I’ve been in the financial business, I’ve seen advisors doing the same thing over and over again. Buying all the way up to a crash or what is commonly called a “correction” then advising clients to r

The Truth About Asset Allocation

9/24/2010

Asset allocation is one of those “buzz phrases” that has been used by financial planners for a long time to help keep their clients feeling warm and fuzzy in inside. Coupled with the phrase portfolio diversification, asset allocation was all a planner needed to say to gain the trust of a prospective

Thinking About Turning Your 401k into a Roth?

9/22/2010

On September 16th a bill was passed by the senate known as the Small Business Jobs Bill. The bill is expected to pass through the house without change and be signed into law. Somewhere within the recesses of the bill is a shiny object that will attract a lot of attention. A provision which will allo

The GPS View

9/13/2010

Post by BecomingYourOwnBank.com Owner – Dan Thompson Last week I was traveling in an unfamiliar part of the country. Luckily we have the technology to put into a GPS the address of the destination and within seconds we have a mapped out plan of how to get where we want to go. What is really interest

Mutually Owned and Publicly Traded Companies

8/17/2010

Guest Post by Alicia Eberle There are two common forms of insurance companies: 1) mutually owned, and 2) publicly traded.So why does a life insurance company’s ownership structure matter to a policyowner – to you? When choosing a life insurance company, it’s important to know how a company is run. W

Video: Money, Banking And The Federal Reserve

8/15/2010

Take the time to watch this video! You’ll learn that the fractional reserve system used by commercial banks is a fraudulent system that is not allowed in any other business. Not only are banks allowed to get away with it, but they are allowed to make outrageous amounts of profit from it.

What Every Grandparent Should Teach Their Grandchildren

8/12/2010

Post by BecomingYourOwnBank.com Owner – Dan Thompson Do you remember the movie “Back To The Future?” Wouldn’t it be nice to have a DeLorean equipped with a Flux Capacitor that would allow you to go back in time and live a part of your life over again? Maybe you would just make a minor adjustment or

Pension Plan, Defined Contribution Plans, and Public Workers Compensation

8/5/2010

Guest post by J. Grace Liao. A pension is a form of deferred compensation earned overtime through employee service. Traditionally the pension arrangements were classified as defined contribution plans and defined benefit plans. A defined contribution plan is a retirement plan whereby the firm contri

Immediate Annuity

8/4/2010

An immediate annuity is the arrangement of a regular flow of income checks to you. You can receive this income, based upon your preferences monthly, quarterly or annually.The checks can start to you as fast as within one month of deposit, and … You can utilize savings that you have through other ret

Wall Street Myths – Average Vs. Actual

6/15/2010

Assume you started with $100,000 in your account. If your investments decreased by 25% percent one year—then increased by 25% the following year—how much would be in your account? 1. $100,000 2. More than $100,000 3. Less than $100,000 The correct answer is “C”—less than $100,000. Let’s do the math.

How Government ‘Help’ Is Hurting America

4/28/2010

There was a Chemistry professor in a large college that had some exchange students in the class. One day, while the class was in the lab, the Prof. noticed one of the exchange students who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what the matter was

Have You Bought the New Book Yet?

12/5/2009

It’s finally finished. “Discovering Hidden Treasures” by Dan Thompson. Here’s what its all about… We live in a new financial world where much has changed, yet most advisors are still peddling the same old stuff. They preach asset allocation, diversification, risk-tolerance, and all the other buzz wo

The Socialist Experiment

10/22/2009

An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we w

Our Tax System

10/6/2009

Suppose that ten men go out for lunch every day and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this… The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The

Jack and Jill, and how they Became Their Own Bankers

5/12/2009

If you recall our previous story about Jack and Jill, you may recall that Jack discovered he has been borrowing money on one end, while simultaneously investing in those same companies. He has been paying high levels of interest, and getting mediocre, risky returns. However, coming to a realization

Money Policy and the Fed

4/29/2009

Is it just me or do you get the feeling that the feds rewrite their money policy almost on a daily basis? It seems reactionary at times, but it’s the reaction caused by a previous policy blunder that creates a different reaction and a different blunder to follow….it’s a vicious circle! So what do th

What’s A Trillion Dollars Look Like?

4/21/2009

Most of us are hearing about the government spending a Trillion Dollars, but to the average American it’s just a word. Some of you may have seen these graphics floating around the internet lately, but if you haven’t you need to take a visual look at a Trillion dollars. First off a Trillion is a 1 wi

Where Do Your Investment Dollars Go?

4/10/2009

Ever wonder where your investment dollars end up? Jack’s story reveals some very interesting truths about your investment dollars. Jack is a middle aged guy who works hard to make a living. He is happily married to his wife, Jill, and they have 3 children. They live in an average home, with an avera

Your Financial Plan: A Bucket With Holes?

4/8/2009

You can fill a bucket with holes one of two ways. You can add more water to it, faster than it loses it, or you can plug the holes, add the water, and watch it overflow. Which does your financial advisor have you employing in your financial plan? What would you consider to be the biggest factor in c

Dynastic Trust Planning

4/2/2009

A Dynasty Trust is a multi-generational trust designed to preserve an estate when passed from generation to generation. Like a Living Trust, the assets in a dynasty trust will avoid probate. The assets, however, remain in this specially designed trust, giving the heirs all the use of these assets, b

Is Your 401k Now A 201K?

4/1/2009

Has the economy taken away years of gains in your retirement plan? Is there a better way? I read a report in US News that over 2 TRILLION dollars have been lost within retirement plans. How many built in a 30-40% market decline and are still able to reach their financial objectives? Most 401K’s and

We Finance Everything… Even When Paying Cash

3/30/2009

For our discussion we are going to define the word “finance” as simply a cost. It’s obvious that when we borrow money for a purchase we have an additional cost, the cost of money or interest. When we borrow someone else’s money we must pay them interest for the use of that money, this is a real and

Are interest rates being held artificially low?

3/28/2009

Currently the feds have elected to flood the market with additional funds for mortgages and in particular for refinancing current mortgages. Rates are as low as 4.5%. But how long can this last? Let’s look at the junk bond market as a potential indicator of what could happen. First off what makes a

Government Qualified Plans

3/27/2009

Tax the seed or the harvest? If you were a farmer would you rather pay the tax on the seed, or on the harvest? Obviously the seed would have a much smaller tax proportionately. So why do we contribute to certain qualified plans? The only way to win in any retirement account is to take the money out

The Truth About Volatility

3/25/2009

How Long Does It Take? Here’s a quick quiz for you: Assume you started with $100,000 in your account. If your investments decreased by 25% percent one year—then increased by 25% the following year—how much would be in your account? $100,000 More than $100,000 Less than $100,000 The correct answer is

Catching Wild Pigs

3/14/2009

“There was a Chemistry professor in a large college that had some exchange students in the class. One day, while the class was in the lab, the Prof. noticed one of the exchange students who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what the matter wa

401k Alternatives

There are many untrue or harmful ideas and traditions that have become part of everyday financial advice. One of the most potentially harmful of these is the qualified retirement plan. The reason why 401k’s, IRA’s, etc. can be so harmful is

Becoming Your Own Bank, The Infinite Banking Concept

Becoming Your Own Bank, or the Infinite Banking Concept, is one of the most powerful and innovative concept used today. To state briefly, the Infinite Banking Concept is the process of becoming wealthy not by investing your savings in high

Budgeting is very important

Guest Post by Jonny Pean. Establishing a budget is the first step towards efficient management of personal finances . There are always many things which we want to do and which we can do and budgeting is the only way which helps to bridge t

Combine your Bills to Pay Off Easily

Guest Post by Kenneth Parker Bill consolidation is a process of merging all you balancing amount and debts into a single loan so to enable you to pay them off easily. It converts all your debts into one easy payment. This process would redu

Infinite Banking For Real Estate Investors

Real estate investors have added incentive to utilize the banking concept. Whether utilizing this strategy for downpayments or for entire real estate purchases, the infinite banking system enhances the real estate investors overall returns. When real estate investors utilize the infinite banking con

Is Whole Life Insurance a Good Investment?

More and more people are asking the question, “Is Whole Life Insurance a Good Investment?” As mutual funds and the stock market continue to disappoint investors, there is a gravitation to the safety and guarantees offered by life insurance.

Take Control of Your Finances

photo credit Trouble(d) Whether you admit it or not, you love being in control. From personal relationships to personal finances, being in the driver’s seat is ideal. So, why don’t more people do it? Why are so many people being controlled

The Banking Effect

“The Banking Effect” by Dan Thompson Download Instructions: Simply click the link or Right Click and select “download”. Password: $banking$

The Basics of Infinite Banking

Infinite Banking is a process that allows you to recapture the purchase price of any purchase you make and pay yourself the interest that normally would be paid to another financial institution. Many Americans are searching for safe ways to

The Infinite Banking Concept

The essence of the Infinite Banking Concept is how to recover the interest that you normally pay to a banking institution through the use of dividend paying life insurance, so that the policy owner makes what a banking institution does. It

The Most Successful Strategy To Never Retire

If there was a strategy out there that actually made sure you never retire, would you care to know what it is? Maybe you wouldn’t care so much, unless of course you were one of the thousands that follow it, and didn’t know it. That being sa

The Story of Bad Debt

Guest post by Justo Fuentes. As a Business Development Officer for “The Best Business Bank In The Business” I assist people finance needs and dreams. Let me say that I love my job and the business that I’m in.  That being said I a

What is a Simple Annuity?

A simple annuity is defined as an investment vehicle designed to accept, grow and, upon annuitization,  payout a stream of income.  Annuities are offered by insurance companies.  The insurance company is in charge of you