Here’s a shocking fact about money: the average American spends about 60% of his earnings on taxes and interest. This means that out of every $100 you earn, $60 will never be yours. It pays the government, the bank you borrowed, and any other institution to which you pay interest.

You might think, “Well, that’s how it is.” But it doesn’t have to be. With an endless banking system, you can interrupt the cycle of paying money to someone else and start paying them yourself.

What is endless banking?
Infinite Banking is the financial philosophy of your own bank. This means that you gain more control over your financial affairs rather than just passing them on to a financial adviser or institution. Endless banking requires structure and discipline, but there are many rewards.

Let’s start with the discussion of the financial “norm.” Most people looking for a mortgage or funds to buy a new car go to a bank or other financial institution. In the traditional banking system there are three main players: depositor, borrower and banker.

The depositor puts the money in the bank and receives interest on his money; the borrower borrows money from the bank and pays interest on the money received. The bank is only an intermediary. For its efforts, the bank charges a higher interest rate from the borrower than from the depositor. It’s called a spread, and that’s how banks make money.

What Infinite Banking System does is turn you into a bank. You save in your bank, you work in a bank, and when you pay interest on your personal loans, you pay yourself – because you are a bank.

Sounds complicated?

It’s not! The concept of endless banking is based on the idea of eliminating the intermediary – the bank. With Infinite Banking, you can save and borrow. And when you pay for yourself, you pay a personal loan plus interest.

Start with Infinite Banking
So how do you become your own bank and start financing yourself?

With life insurance. In particular, it is a life insurance policy that pays dividends.

With life insurance. In particular, it is a life insurance policy that pays dividends. Infinite Banking is based on this financial instrument and offers many opportunities for financial stability and success.

First, life insurance has been a proven financial tool since the creation of life insurance. Full life insurance policies are provided by:

o rich to protect their property
o ordinary families to protect their property
o company, and
almost all the big banks.

In 2008, the bank’s life insurance policy (BOLI) actually increased by $126.1 billion. Thus, the product is a recognized winner.

When you use a full life insurance policy as a personal banking system, the policy is built differently. Infinite Banking’s life insurance policy is structured to maximize liquidity rather than focus on death benefits. Now you can enjoy the money, leaving a financial inheritance to your heirs.

Benefits of paying lifetime dividends
With a lifetime dividend payment policy, you can purchase loan policies whose redemption value will be included in your policy. You manage these funds and dictate payment terms. This means that you determine the interest rate, repayment period and other terms of the loan. It may be tempting to think that the best thing about this is not paperwork! (Have you recently applied for a loan?). But the best part is that if you borrow at home, you will also repay your debt. You pay the loan, pay your own interest and do everything according to your schedule. There is no penalty for late or non-payment. And there are no commissions for the loan or other transaction fees. Remember, you’re now a bank!

The concept of endless banking has many other advantages. A well-structured dividend-paying life insurance policy offers tax-deferred cash growth and tax-free benefits in the form of loans. Withdrawals from accounts that have not been provided on credit are exempt from taxes in the amount of your base or the amount you have deposited into your account.

Thanks to the Infinite Banking System, the increase in the monetary value of the account is tax-free. In addition, the proceeds of compensation in the event of death will be transferred to your heirs without paying taxes. With proper planning, your heirs may even receive income from life insurance on your policy without inheritance tax.

The Concept of Infinite Banking teaches independence from conventional financing, which means that you no longer have to rely on banks and financial companies to find money or financing. If you are ready to become your own bank, discover the concept of Infinite Banking today. With a little planning and discipline, you will embark on the path of financial independence.