Money, Banking, Taxation The Infinite Banking Concept And Becoming Your Own Banker
Could you live ten days without money? Try it and find out what an asset money really is. Assets have a tendency to multiply. The problem is hardly anybody treats their money as an asset.
It has been said that, "The value of an asset increases exponentially while the value of your labor only increases incrementally."
The return of your money is more important than the rate of return on your money. Those that fail to grasp this concept lose the real value of money by losing the control of their money.
Consider the following:
Your paycheck. Where do you deposit it?
Your bank or a third party's bank?
Who benefits the most by this process? You or the other guy?
It has been written that "you can't multiply wealth by dividing it." Habitually letting others have first right to your money by depositing your paycheck into their bank, gives them control over your money and not you. This will wind up costing you thousands of dollars, if not more, over time. Each time you give up management of your money to someone else you lose wealth. When you allow others to manage your money your money now can be subject to account charges, service fees and management fees. Plus the managers of your money will make money off your money and pay you very little in comparison to what they are making.
Nobody is financially independent until they have mastered the concept as taught in the book Becoming Your Own Banker, by R. Nelson Nash. Nash teaches a concept called Infinite Banking which will teach you how to control and benefit from the financing equation which is as follows:
You give up interest you could have earned by paying cash or you lose money by paying someone else interest when you use their money. You lose money regardless.
But when you practice the Infinite Banking Concept, you can pay cash for your purchases and earn the interest that banks or finance companies would have otherwise earned off you. This is because you are now using your money as an asset and the growth becomes exponential when compared with what happens when you put your money in a bank owned by someone else, or with an investment firm. - 23221
It has been said that, "The value of an asset increases exponentially while the value of your labor only increases incrementally."
The return of your money is more important than the rate of return on your money. Those that fail to grasp this concept lose the real value of money by losing the control of their money.
Consider the following:
Your paycheck. Where do you deposit it?
Your bank or a third party's bank?
Who benefits the most by this process? You or the other guy?
It has been written that "you can't multiply wealth by dividing it." Habitually letting others have first right to your money by depositing your paycheck into their bank, gives them control over your money and not you. This will wind up costing you thousands of dollars, if not more, over time. Each time you give up management of your money to someone else you lose wealth. When you allow others to manage your money your money now can be subject to account charges, service fees and management fees. Plus the managers of your money will make money off your money and pay you very little in comparison to what they are making.
Nobody is financially independent until they have mastered the concept as taught in the book Becoming Your Own Banker, by R. Nelson Nash. Nash teaches a concept called Infinite Banking which will teach you how to control and benefit from the financing equation which is as follows:
You give up interest you could have earned by paying cash or you lose money by paying someone else interest when you use their money. You lose money regardless.
But when you practice the Infinite Banking Concept, you can pay cash for your purchases and earn the interest that banks or finance companies would have otherwise earned off you. This is because you are now using your money as an asset and the growth becomes exponential when compared with what happens when you put your money in a bank owned by someone else, or with an investment firm. - 23221
About the Author:
Dr. Tom McFie PhDis a professional financial coach and is widely 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 X - Men @ 3:59 AM
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