Money, Banking, Taxation The Infinite Banking Concept And Becoming Your Own Banker
Money is hardly ever considered an asset. Yet you can prove that it is an asset by attempting to live 10 days without using it. Because assets tend to multiply this is an important realization.
Someone once said, "The value of an asset increases exponentially while the value of your labor only increases incrementally."
The Rate of return on their money, for many, seems to be more important than the return of their money. But the real value of money is destroyed when rate of return is the focus. This is because someone else is in control of the actual money.
Think about this:
Where does all your money go when you get a paycheck?
A commercial bank or one that you own?
Does your money make you or the Bank the most because of this transaction?
Do not ever think that you can multiply your wealth by dividing it up. Allowing others to have access to your money by placing it on account at their bank, gives that bank control over your money. You automatically become second in command of your money by doing this. When the bank controls your money, you do not and they make money off your money while you pay the fees, the charges and all other costs associated with banking and financial institutions.
That is why everyone needs to read about the Infinite Banking Concept in the book Becoming Your Own Banker by R. Nelson Nash. Nash explains how, you can take control of your money, which is the asset that can build real riches and lasting wealth. This process is called the Infinite Banking Concept or IBC. IBC allows those who utilize Becoming Your Own Banker, aka BYOB, to recover the costs associated with the banking equation. What is the banking equation you might ask? The banking equation is simply this:
You lose money whenever you buy anything. You lose money that you could have earned in interest when you pay cash, or you lose the interest you have to pay someone else to use their money to make your purchase.
When you Become Your Own Banker, you recover the cost of interest you pay out when you borrow from your own banking system and pay yourself back. You are now using your own money as an asset and it will multiply. - 23311
Someone once said, "The value of an asset increases exponentially while the value of your labor only increases incrementally."
The Rate of return on their money, for many, seems to be more important than the return of their money. But the real value of money is destroyed when rate of return is the focus. This is because someone else is in control of the actual money.
Think about this:
Where does all your money go when you get a paycheck?
A commercial bank or one that you own?
Does your money make you or the Bank the most because of this transaction?
Do not ever think that you can multiply your wealth by dividing it up. Allowing others to have access to your money by placing it on account at their bank, gives that bank control over your money. You automatically become second in command of your money by doing this. When the bank controls your money, you do not and they make money off your money while you pay the fees, the charges and all other costs associated with banking and financial institutions.
That is why everyone needs to read about the Infinite Banking Concept in the book Becoming Your Own Banker by R. Nelson Nash. Nash explains how, you can take control of your money, which is the asset that can build real riches and lasting wealth. This process is called the Infinite Banking Concept or IBC. IBC allows those who utilize Becoming Your Own Banker, aka BYOB, to recover the costs associated with the banking equation. What is the banking equation you might ask? The banking equation is simply this:
You lose money whenever you buy anything. You lose money that you could have earned in interest when you pay cash, or you lose the interest you have to pay someone else to use their money to make your purchase.
When you Become Your Own Banker, you recover the cost of interest you pay out when you borrow from your own banking system and pay yourself back. You are now using your own money as an asset and it will multiply. - 23311
About the Author:
Dr. Tom McFie is a professional financial coach and is nationaly known for helping people recover the money they currentley spend. Don't Make another payment until you have viewed his Infinite Banking Video Then Contact him he can help you
posted by Mr. Forex at
2:35 AM
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