Permission to Spend
Felicia Dragomir
Wealth Creator. Financial Security Advisor (FSA)/Conseillère en sécurité financière (QC) Life Insurance Agent (incl. A&S)/ Agente d'assurance-vie (y compris accident et maladie)
You've probably heard conflicting advice about how to manage your personal finances and achieve financial freedom. Some experts recommend strict budgeting and cutting back on expenses, while others suggest investing in the stock market or real estate. If you ask me, I love the real estate aspect. ?? However, these strategies often fail to address the root cause of financial struggles and can even lead to more stress and anxiety. When we repeatedly rely on conventional savings accounts, it can cause stagnant growth, limited access to our own money, and missed opportunities for compound interest.
In the early 1980s, a financial advisor named Nelson Nash faced a dilemma. Despite following the conventional wisdom of storing his money in a traditional savings account, he found his wealth growth stagnant and his financial freedom limited. Dissatisfied with the status quo, Nash began researching alternative strategies to secure his financial future.
His exploration led him to a little-known concept that would later become known as Infinite Banking. This strategy, based on the power of whole life insurance policies, offered a way to grow wealth while maintaining liquidity and control over your own money.
Imagine having complete control over your financial destiny, without relying on banks or other financial institutions. With this concept, you can create your own personal banking system and use the money while alive. Robert (Bob) Shiels wrote a book called You Don't Have to Die to Win, which opened my eyes even more. It's a strategy that has been used by some of the most successful people in history, including Walt Disney and J.C Penney. But the Infinite Banking Concept is not just about building wealth. It involves creating a LEGACY that can be passed down to future generations. By using this strategy, you can ensure that your family is protected financially, no matter what challenges life may bring.
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Unfortunately, most people have never heard of the Infinite Banking Concept, because it goes against the conventional wisdom of the financial industry. I first learned about it, accidentally, in 2020, while listening to a real estate podcast. Banks and other institutions have a vested interest in keeping you dependent on their services, and they don't want you to know that there's a better way.
A financial adviser who's a specialist in IBC can help you uncover the secrets of the Infinite Banking Concept and teach you how to implement it in your own life. You'll learn how to choose the right insurance policy, how to structure your loans for maximum benefit, and how to use your personal banking system to achieve your financial goals.
But, keep in mind this isn't a get-rich-quick scheme. Building your own personal banking system takes time, discipline, and a willingness to think differently about money. RE-think your thinking! If you're ready to take control of your financial future and create a legacy that will last for generations, then the Infinite Banking Concept is the key.
As Nelson Nash, the founder of the Infinite Banking Concept, once said, "The Infinite Banking Concept is not a product, it's a process, which is more caught than taught.
I Help you, from Individuals to Families to Business Owners alike, take back control of your financial future and create true legacy wealth. |
5 个月Amazing article Felicia, a must read!!