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Becoming Your Own Banker: Unlock the Infinite Banking Concept
Discover How Financial Experts Have Robbed Your Power and Lied To YOU!
If you are reading these words you should be angry. Very, very angry! So-called financial experts have kept certain principles from you for years.
Secrets. Important secrets that, had you known them, would have made your life much simpler and much more profitable.
Becoming Your Own Banker reveals secrets kept from you all these years because of the mindset that is predominant in the entire financial world.
Written originally as a textbook designed to accompany a 10-hour course, Becoming Your Own Banker is designed for the layman, not the financial professional.
Learn how to put these secrets to work in everyday terms...not financial double-speak.
Here is some of what is revealed to you:
How To Create Your Own Banking System
Five Methods of Financing Automobiles
How To Design an Insurance Plan that Solves the Banking Function
Potential Sources of Capital
Playing The "Cash Flow" Game
The Cost of Acquisition
The Retirement Trap...and so much more! There are 84 jam-packed pages containing financial blueprints that, if applied, can open up a whole new world for you and those you care about.
Discover for yourself, these important secrets and make your life much simpler and much more profitable.
If you are reading these words you should be angry. Very, very angry! So-called financial experts have kept certain principles from you for years.
Secrets. Important secrets that, had you known them, would have made your life much simpler and much more profitable.
Becoming Your Own Banker reveals secrets kept from you all these years because of the mindset that is predominant in the entire financial world.
Written originally as a textbook designed to accompany a 10-hour course, Becoming Your Own Banker is designed for the layman, not the financial professional.
Learn how to put these secrets to work in everyday terms...not financial double-speak.
Here is some of what is revealed to you:
How To Create Your Own Banking System
Five Methods of Financing Automobiles
How To Design an Insurance Plan that Solves the Banking Function
Potential Sources of Capital
Playing The "Cash Flow" Game
The Cost of Acquisition
The Retirement Trap...and so much more! There are 84 jam-packed pages containing financial blueprints that, if applied, can open up a whole new world for you and those you care about.
Discover for yourself, these important secrets and make your life much simpler and much more profitable.
170 pages, Kindle Edition
First published January 1, 2000
603 people are currently reading
1643 people want to read
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Displaying 1 - 30 of 115 reviews
July 8, 2010
Good concept, but he totally butchered the book. He likes to hear himself talk and goes off on tons of tangents. He desperately needs a professional editor.
October 19, 2010
i read this book after reading 'how privatized banking really works' by bob murphy and lara, who recommend a deeper understanding of whole life insurance with the infinite banking concept. after reading this book i really didn't feel like i had a better understanding of the concept.
the author does not give you any idea how much life insurance you should buy for your needs, how much of a paid up rider (or what this is) you should add, or any way to calculate either of these two seemingly very important items. additionally the examples in the book were so far removed from what i perceive as people's real spending habits, that i found them not terribly useful.
the beginning of the book is written in a hyperbolic way that is very unappealing. and once again, the book assumes you are coming to its door with a specific political outlook. if you are only willing to preach to the choir, you are not going to be an effective preacher.
finally, the heavy use of biblical quotes assumes a christian audience and are appropo of nothing and the layout of the book is unprofessional looking. If this was the first edition, fine, bad layout indicates the struggle of self publishing, but the fifth edition? You hired a cover designer, why not get someone to make the insides not look like they were created in microsoft word?
i really wanted to like this book, but it was just a huge disappointment.
the author does not give you any idea how much life insurance you should buy for your needs, how much of a paid up rider (or what this is) you should add, or any way to calculate either of these two seemingly very important items. additionally the examples in the book were so far removed from what i perceive as people's real spending habits, that i found them not terribly useful.
the beginning of the book is written in a hyperbolic way that is very unappealing. and once again, the book assumes you are coming to its door with a specific political outlook. if you are only willing to preach to the choir, you are not going to be an effective preacher.
finally, the heavy use of biblical quotes assumes a christian audience and are appropo of nothing and the layout of the book is unprofessional looking. If this was the first edition, fine, bad layout indicates the struggle of self publishing, but the fifth edition? You hired a cover designer, why not get someone to make the insides not look like they were created in microsoft word?
i really wanted to like this book, but it was just a huge disappointment.
May 30, 2010
This book shows how to use a whole life insurance policy through a participating life insurance company (one that pays annual dividends on top of interest) to create long term wealth.
This book shows how your money can actually grow better in a life insurance policy than the stock market. Why? Because it grows tax free, can be borrowed against at any time for life without penalties and when you die you can pass the policy face amount to your family tax free. The growth is also guaranteed under a life insurance contract. In the stock market there is no guarantee that you won't lose your money.
This book shows how your money can actually grow better in a life insurance policy than the stock market. Why? Because it grows tax free, can be borrowed against at any time for life without penalties and when you die you can pass the policy face amount to your family tax free. The growth is also guaranteed under a life insurance contract. In the stock market there is no guarantee that you won't lose your money.
December 7, 2019
Let me first remove the obvious:
The author is a briliant, well read guy who clearly can't write very well (or in a cohesive manner) and shouldn't have been allowed to publish this book without an editor.
Now that the disclaimer is out of the way, anyone who is interested in contrarian finance techniques should absolutely read this. Whole life insurance has been a pseudo-investment since it's inception and the author makes a tremendous argument (he has the damn spreadsheets - in full - for his argument - inline into the text of the book) for how self-financing is more advantageous than taking a traditional money lending approach, borrowing from a CD (this has a higher return in time) or borrowing on margin, which is restricted to 50% of the portfolio value.
From that standpoint, he makes a no nonsense case as to why you should quit your bank today and become your own banker. In a way, that's what this is doing, and in a way, it makes perfect sense.
I doubt 1% of the population would ever do it, and I won't because I use banking services which are beyond the traditional savings and loan instruments (such as money wiring, treasury management, positive pay, etc). Otherwise, contrarian to the core - you should at least get your head around this concept even if you don't apply it. It's a short enough read and you may find a de-facto reason to actually use the technique, which would be considerably more profitable than using a third party bank.
The author is a briliant, well read guy who clearly can't write very well (or in a cohesive manner) and shouldn't have been allowed to publish this book without an editor.
Now that the disclaimer is out of the way, anyone who is interested in contrarian finance techniques should absolutely read this. Whole life insurance has been a pseudo-investment since it's inception and the author makes a tremendous argument (he has the damn spreadsheets - in full - for his argument - inline into the text of the book) for how self-financing is more advantageous than taking a traditional money lending approach, borrowing from a CD (this has a higher return in time) or borrowing on margin, which is restricted to 50% of the portfolio value.
From that standpoint, he makes a no nonsense case as to why you should quit your bank today and become your own banker. In a way, that's what this is doing, and in a way, it makes perfect sense.
I doubt 1% of the population would ever do it, and I won't because I use banking services which are beyond the traditional savings and loan instruments (such as money wiring, treasury management, positive pay, etc). Otherwise, contrarian to the core - you should at least get your head around this concept even if you don't apply it. It's a short enough read and you may find a de-facto reason to actually use the technique, which would be considerably more profitable than using a third party bank.
November 30, 2013
Discover How Financial Experts Have Robbed Your Power and Lied To YOU!
Take your financial destiny in your hands...Grab a copy of this eBook for great insight on this expository book.
Grab Your Copy Of This eBook Here Today: Becoming Your Own Banker
Read More About The Authour Here: R. Nelson Nash
Becoming Your Own BankerBecoming Your Own Banker: The Infinite Banking ConceptBecoming Your Own Banker: Unlock The Infinite Banking ConceptBecoming Your Own Banker: Infinite Banking ConceptBecoming Your Own Banker: The Infinite Banking ConceptBecoming Your Own Banker: The Infinite Banking Concept
Take your financial destiny in your hands...Grab a copy of this eBook for great insight on this expository book.
Grab Your Copy Of This eBook Here Today: Becoming Your Own Banker
Read More About The Authour Here: R. Nelson Nash
Becoming Your Own BankerBecoming Your Own Banker: The Infinite Banking ConceptBecoming Your Own Banker: Unlock The Infinite Banking ConceptBecoming Your Own Banker: Infinite Banking ConceptBecoming Your Own Banker: The Infinite Banking ConceptBecoming Your Own Banker: The Infinite Banking Concept
November 25, 2024
A tough read.
Per R. Nelson Nash's suggestions, I had to go back and forth while reading this book. I didn't love the book, but I enjoyed learning something new. I'm not looking forward to rereading it, but I'll have to if I want to grasp the Infinite Banking concept fully. I'll probably end up researching this more to understand it better.
Building your life insurance policy takes time, but there are rewards for it. I couldn't wait to finish this book because it's difficult. I feel neutral about recommending it to other people.
Per R. Nelson Nash's suggestions, I had to go back and forth while reading this book. I didn't love the book, but I enjoyed learning something new. I'm not looking forward to rereading it, but I'll have to if I want to grasp the Infinite Banking concept fully. I'll probably end up researching this more to understand it better.
Building your life insurance policy takes time, but there are rewards for it. I couldn't wait to finish this book because it's difficult. I feel neutral about recommending it to other people.
November 7, 2023
Not the best written book, but certainly an intriguing look at how to use a carefully crafted whole life insurance policy as a vehicle to use for accessing capital, setting up streams of passive income, and funding an alternative, tax-efficient financial lifestyle.
January 13, 2025
Bad math.
June 30, 2016
“Becoming Your Own Banker” by R. Nelson Nash is an interesting read, but it feels far too much like one is being sold something to be taken too seriously. This book has made me want to explore the potential advantages of dividend-paying whole life insurance policies, but it certainly did not convince me. Nash’s style is casual and he attempts to connect with the layest of laymen. This makes it a quick read and a decent primer on dividend-paying whole life insurance. However, he does not go into enough detail to convince anyone with any sort of financial acumen. His examples in which he shows the almighty powers of the Infinite Banking Concept do not contain enough information about his assumptions. Also, any sales pitch which does not include the potential downsides instantly makes me suspicious.
The title, “Becoming Your Own Banker”, applies to Nash’s thesis that one can become one’s own banker by using dividend-paying whole life insurance. By investing in this type of policy, one builds up cash value that can be borrowed against. By financing the big purchases made throughout one’s life through this policy rather than through a bank, one can build up a huge stockpile by retirement time. Nash makes it clear that, for the Infinite Banking Concept to work to its fullest potential, a person must make payments just like he or she would after borrowing from a bank. Rather than pay that interest to the bank, he is paying it to himself and building the strength of this policy. By following this path throughout his life, he can then pass the policy on to an heir; if the heir follows the same path, she can avoid the need to borrow from banks throughout her entire life. Hence the moniker “Infinite Banking Concept” was born. Nash shows multiple scenarios to demonstrate the huge financial implications of following this course rather than financing big purchases with cash or by borrowing. It is certainly interesting, but the analysis is missing the substance that would really convince most readers.
If the purpose of “Becoming Your Own Banker” is to pique the reader’s interest, it did its job in my case. However, if its purpose is to convince the reader that the Infinite Banking Concept is an explosive and innovative approach to solve his or her financial difficulties, it did not do its job. I read “Becoming Your Own Banker” after listening to a couple episodes of Bob Murphy and Carlos Lara’s podcast, but I would welcome Bob Murphy putting out his own book endorsing the Infinite Banking Concept. I believe he would do a much better job to convince readers of the potential power of the IBC. That being said, I plan to research the IBC in more depth, so this book at least did enough to get me to that point.
The title, “Becoming Your Own Banker”, applies to Nash’s thesis that one can become one’s own banker by using dividend-paying whole life insurance. By investing in this type of policy, one builds up cash value that can be borrowed against. By financing the big purchases made throughout one’s life through this policy rather than through a bank, one can build up a huge stockpile by retirement time. Nash makes it clear that, for the Infinite Banking Concept to work to its fullest potential, a person must make payments just like he or she would after borrowing from a bank. Rather than pay that interest to the bank, he is paying it to himself and building the strength of this policy. By following this path throughout his life, he can then pass the policy on to an heir; if the heir follows the same path, she can avoid the need to borrow from banks throughout her entire life. Hence the moniker “Infinite Banking Concept” was born. Nash shows multiple scenarios to demonstrate the huge financial implications of following this course rather than financing big purchases with cash or by borrowing. It is certainly interesting, but the analysis is missing the substance that would really convince most readers.
If the purpose of “Becoming Your Own Banker” is to pique the reader’s interest, it did its job in my case. However, if its purpose is to convince the reader that the Infinite Banking Concept is an explosive and innovative approach to solve his or her financial difficulties, it did not do its job. I read “Becoming Your Own Banker” after listening to a couple episodes of Bob Murphy and Carlos Lara’s podcast, but I would welcome Bob Murphy putting out his own book endorsing the Infinite Banking Concept. I believe he would do a much better job to convince readers of the potential power of the IBC. That being said, I plan to research the IBC in more depth, so this book at least did enough to get me to that point.
October 23, 2023
An american-centric personal finance guide with little relevance to today's banking world, with its online banking, digital currencies and self-managed pension trusts, none of which are discussed in this book. The essence of the author's advice is a life-insurance policy, which is used as a bank account for deposits and withdrawals, but without mentioning that all the costs associated with the administration of the policy in question are borne by the customer. The policy that would enable such a scheme to work is of the universal type, but not every insurer carries such a product for its inherent complexities.
Note: the author does NOT propose that you become your own bank. A bank in the traditional sense is an entity that - compliant with the law, ie certifications - takes in deposits from its customers as savings and lends out this money to customers as credit. There are no banking processes explained in this book, contrary to what the title suggests.
The book is summarised in the "It’s a jungle out there!" cliché. Yes, the writing style is geared towards the financially illiterate.
Note: the author does NOT propose that you become your own bank. A bank in the traditional sense is an entity that - compliant with the law, ie certifications - takes in deposits from its customers as savings and lends out this money to customers as credit. There are no banking processes explained in this book, contrary to what the title suggests.
The book is summarised in the "It’s a jungle out there!" cliché. Yes, the writing style is geared towards the financially illiterate.
August 8, 2017
I found this to be an extremely interesting take on using life insurance not for its death benefit but instead for what can be considered living benefits. Insurance is rarely considered to be anything but an end of life benefit. Nash proposes an alternative use as a financing instrument while your alive. He very clearly lays out how a properly planned and funded system of life insurance plans can be used in place of a bank, eliminating the erosion of value related to interest paid to the bank. The topic is extremely intriguing and well worth the time of anyone looking to develop a deeper understanding of how life insurance works.
December 10, 2018
Everyone who wants to enjoy financial success must read this book.
I really liked how the author has written about such a complicated concept in simple, easy to understand words. He keeps the reader engaged with stories and humor throughout the book.
I've been struggling to decide whether I should get life insurance. Once I made the decision, I was struggling to know which policy to pick. Then I decided to go with Whole Life Insurance. All of this before reading this book.
Where this book really helped me is understanding which Whole Life Policy I should pick and why. Thank you for such amazing work!
I really liked how the author has written about such a complicated concept in simple, easy to understand words. He keeps the reader engaged with stories and humor throughout the book.
I've been struggling to decide whether I should get life insurance. Once I made the decision, I was struggling to know which policy to pick. Then I decided to go with Whole Life Insurance. All of this before reading this book.
Where this book really helped me is understanding which Whole Life Policy I should pick and why. Thank you for such amazing work!
October 7, 2023
I read this after "How Privatized Banking Really Works", looking to get a more thorough understanding of how the IBC concept works, but holy crap is this book devoid of anything actionable. I expected to learn the mechanics of how to put a policy together, and how to use it. Instead, this book is a hodgepodge of anecdotes, repeating the same thing over again, and telling the reader that if they can't figure this out, they're hopeless. Don't waste your time on this one. I don't feel any smarter for having read it. As another reviewer said, Nash could have used a good editor to help him organize his thoughts.
April 5, 2016
The tortoise and the hare.
This is by no means get rich quick. But his way of looking at money and utilizing dividend paying whole life insurance as a vehicle for Americans to take responsibility for their finances and turn their situation around is stunningly powerful.
I wish all my friends could see the beauty of this. His illustrations are clear but take some time to digest because he thinks about money very differently than most Americans.
This book was totally worth the investment of my time! I am very grateful, and will be implementing his strategies for my family.
This is by no means get rich quick. But his way of looking at money and utilizing dividend paying whole life insurance as a vehicle for Americans to take responsibility for their finances and turn their situation around is stunningly powerful.
I wish all my friends could see the beauty of this. His illustrations are clear but take some time to digest because he thinks about money very differently than most Americans.
This book was totally worth the investment of my time! I am very grateful, and will be implementing his strategies for my family.
August 7, 2021
Unclear meandering guide, with potential
Bought to read about infinite banking concept but ended up with a lot of weird philosophical and political opinion. Stick to the IBC chapters if that’s what you came for. The book it’s tricky to understand with the charts referenced due to the lack of explanation and interpretation. Also the ebook format makes the charts hard to compare with the notes. Again, the concept is intriguing but you just have to sort through a lot of excess.
Bought to read about infinite banking concept but ended up with a lot of weird philosophical and political opinion. Stick to the IBC chapters if that’s what you came for. The book it’s tricky to understand with the charts referenced due to the lack of explanation and interpretation. Also the ebook format makes the charts hard to compare with the notes. Again, the concept is intriguing but you just have to sort through a lot of excess.
November 8, 2019
This guy is a complete financial quack, and I absolutely love it. I specifically loved the progression from one exclamation point usage in the beginning to 2 and 3 in the later chapters. Must read if you know nothing about dividend paying whole life insurance policies (or life insurance in general). He has pretty good explanations, but not simple enough for the average person to understand especially when getting to all the tables. Doesn't matter. Great concept.
May 16, 2020
This was given to my by a friend who is very into the Infinite Banking Concept (IBC) and has been evangelizing it for a while. While I started out as a skeptic, this book does a great job outlining why this system works and how to use it. I'm still not convinced to commit so much capital to creating "my own bank" but this was very helpful in helping me understand the techniques used.
I had to work hard to get over his rampant anti-government and Christian language.
I had to work hard to get over his rampant anti-government and Christian language.
July 21, 2020
If you are good at numbers than only read this book
This book explains how to create infinite banking system but you have to understand numbers very very well and excellent example to make it easier to understand but for me I am telecom engineer so it is off the topic and I hate banking system As well as insurance so I prefer to go there website and ask a question but the book is good worth read
This book explains how to create infinite banking system but you have to understand numbers very very well and excellent example to make it easier to understand but for me I am telecom engineer so it is off the topic and I hate banking system As well as insurance so I prefer to go there website and ask a question but the book is good worth read
August 20, 2017
The book helps you change your mindset about financing your car, tuition, and anything else you might finance. You'll have to ignore the writing style, political comments, and just focus on the concepts.
Three stars because it changes your mindset and helps you think differently, but it is unprofessional. There are a number of grammar mistakes and the format of the book is not attractive.
Three stars because it changes your mindset and helps you think differently, but it is unprofessional. There are a number of grammar mistakes and the format of the book is not attractive.
April 21, 2018
Updated and More Convincing than Ever
The concepts behind infinite banking are simple. The math is sometimes daunting. But if you're convinced (and I was 4 years ago) you'll enjoy this update.
If you've never heard of infinite banking, and you want a way to take control of your financial life, check it out. It's the real deal.
The concepts behind infinite banking are simple. The math is sometimes daunting. But if you're convinced (and I was 4 years ago) you'll enjoy this update.
If you've never heard of infinite banking, and you want a way to take control of your financial life, check it out. It's the real deal.
October 8, 2018
Very Imformative
This book is a great introduction into the world of infinite banking. If you are interested in starting a system for “Generational Wealth” for your family especially if you didn’t come from a family with “Generational Wealth” then this book will help in that endeavor.
This book is a great introduction into the world of infinite banking. If you are interested in starting a system for “Generational Wealth” for your family especially if you didn’t come from a family with “Generational Wealth” then this book will help in that endeavor.
June 4, 2019
A great introduction to the concept of infinite banking. If you are looking for ways to minimize your tax burden later in life and pay less interest to others, I recommend looking into this concept. While the overall financial numbers will vary based on rates at the current time, it is still a good guide to get a thorough understanding of what is necessary to become your own banker.
November 10, 2023
I love a good investment book and I’m not rejecting the Infinite Banking Concept necessarily but this book was not good. The author was condescending and insufferable at times. Pursing whole life policies as a means of avoiding banks may not be a bad idea but his case was poorly articulated.
May 26, 2024
Another terrible Finance book that gets you nowhere and steals your time. This author is in desperate need of a professional editor to keep his thoughts in line. Moreover, the information offered is not substantial enough to leave the reader with a greater understanding of the subject.
July 14, 2008
This book was possibly the best financial self help book out there.
January 30, 2009
Interesting concept of using a whole life insurance policy as your own bank. The examples and schedules were hard to grasp at first, but I finally got it :)
May 13, 2017
I thought it was an eye opening way to save money. One that I'd never heard of before, and if it works successfully, that's even better!
December 13, 2023
This was originally a lecture (course/lesson) that was turned into a book so more people could learn this type of banking system. Due to this, the book has a very interesting, almost personal feel like the author is talking and explaining it directly to you (which technically as a course, he would be).
Taking into account that this book wasn't written to be an actual "book" (so the writing style isn't the best) it still does an excellent job of explaining the financial system in detail as if he were explaining it to you in person.
It is a truly fascinating take on the banking industry and it is actually a shame that this isn't taught in schools, but it also makes perfect sense why it is not (the powerful want to keep their power and all that jazz).
I definitely recommend everyone read this book to get a better overall understanding of the financial banking system because I am sure that even most financial advisors aren't aware of the knowledge that this book provides.
Taking into account that this book wasn't written to be an actual "book" (so the writing style isn't the best) it still does an excellent job of explaining the financial system in detail as if he were explaining it to you in person.
It is a truly fascinating take on the banking industry and it is actually a shame that this isn't taught in schools, but it also makes perfect sense why it is not (the powerful want to keep their power and all that jazz).
I definitely recommend everyone read this book to get a better overall understanding of the financial banking system because I am sure that even most financial advisors aren't aware of the knowledge that this book provides.
August 8, 2023
The concept is intriguing and one I’ll definitely consider implementing. That part was excellent.
But the writing and production of the book were very poor. There were many instances of a missing word or very poorly worded sentence, which made that sentence impossible to understand precisely.
Nash also assumes his reader has a certain amount of knowledge about economics, life insurance, and banking, and he writes like it. If this book were to help the “common man,” some of Nash’s thoughts would need to be explained in more detail. He often jumped from a premise to a conclusion, assuming his reader knew enough to make that leap with him.
Overall, I’d recommend the book, but it’s definitely the kind of book that will need to be read multiple times before it’s understood. Unfortunately, that’s not due to the richness of the content, but the difficult style of writing.
But the writing and production of the book were very poor. There were many instances of a missing word or very poorly worded sentence, which made that sentence impossible to understand precisely.
Nash also assumes his reader has a certain amount of knowledge about economics, life insurance, and banking, and he writes like it. If this book were to help the “common man,” some of Nash’s thoughts would need to be explained in more detail. He often jumped from a premise to a conclusion, assuming his reader knew enough to make that leap with him.
Overall, I’d recommend the book, but it’s definitely the kind of book that will need to be read multiple times before it’s understood. Unfortunately, that’s not due to the richness of the content, but the difficult style of writing.
June 4, 2023
Fascinating!
I would highly recommend this book! It was recently recommended to me, and I had never heard of this concept until this point. And I don’t think I’m the only one.
If you’ve ever wondered why what you’ve been taught (or haven’t) about finances just doesn’t seem to work, or if you feel like you’re missing something when it comes understanding money, this book is for you.
Just a few of the concepts alone could change your financial future for generations.
A thought-provoking, paradigm-shifting financial primer that everyone who cares about their future should read and take to heart.
I would highly recommend this book! It was recently recommended to me, and I had never heard of this concept until this point. And I don’t think I’m the only one.
If you’ve ever wondered why what you’ve been taught (or haven’t) about finances just doesn’t seem to work, or if you feel like you’re missing something when it comes understanding money, this book is for you.
Just a few of the concepts alone could change your financial future for generations.
A thought-provoking, paradigm-shifting financial primer that everyone who cares about their future should read and take to heart.
Displaying 1 - 30 of 115 reviews