Once you start investigating the Infinite Banking Concept, it’s common to start telling coworkers, friends and family about what you’re planning to implement in your life. If they lack understanding of whole life insurance, it’s very likely the concept could pass right over their head without them seeing it. This blog is meant to help you understand what they’re missing if you’re doubting your research and the Infinite Banking Concept.
Finance can be a complicated subject for individuals. When you add a business into the picture things become more complex. It’s easy to find yourself second guessing your strategy and can’t help but wonder if you’re on the right path. “Is there something that can make what I’m already doing even better?” Here are 5 questions you should answer.
Every person faces unique financial challenges. The biggest and most shared challenge is the need for finance (capital), but yet we are taught from day one to give up control of our capital to other third parties.
Rate of return can be deceiving and is calculated a couple ways. Average. This is misleading because down years hurt you more than up years help you. Why? The down years are calculated on a larger bucket of money than the up years.
Many of us have been told from a very young age that debt is bad and should be avoided like the plague. Is this true? Just like with everything else, it depends. Debt can be a great way to build wealth at a faster pace than saving up cash for everything. It can also be a quick road to ruin if you misuse it.
Use it or lose it relates to the common tendency for humans to revert back into their old ways of doing things or thinking. To overcome this, we need to regularly put into practice what we have learned and fully understand why we are doing it that way.