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The Case for IBC
How To Secede From Our Current Monetary Regime One Household At A Time. Crises - Bailouts - Instability. There is a path out. This book will show you the way. Three men, with three different areas of expertise... R. Nelson Nash made a career in the life insurance industry - where he discovered IBC. L. Carlos Lara has spent decades counseling business owners in financial distress. Robert P. Murphy is a PhD economist with experience in academia and the financial sector.
187 pages, Kindle Edition
Published July 29, 2019
54 people are currently reading
124 people want to read
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Displaying 1 - 10 of 10 reviews
June 27, 2018
The Case for IBC presents the idea of using a Whole Life insurance policy as a superior cashflow management system and as a way to secede from conventional banking. By making premium payments into such a policy, one builds up a "cash surrender value" against which one can easily borrow. The concept is interesting enough, so I will continue to learn more about the idea, but this book could have been written in more concise and intuitive ways.
June 14, 2020
This book is about an interesting concept, infinite banking (IBC), but gets lost in it's own mission to sell the idea.
I get why you would have a pile of introductions to various building blocks that will help the uninitiated to get up to speed but I feel like they could have been far more succinct with their explanations. I couldn't help but hear an infomercial voice saying "but wait, there's more!" behind a lot of these paragraphs.
On top of the efficient writing problem above, they also are way too brief with their examples of the actual application of the IBC techniques and instead say "its complicated so talk to our experts at our website". That may be a fair statement in it's own right but its insulting to not at least give me a few examples of how it COULD work. It ends up feeling like an overlong sales pitch.
I did learn a few things and I intend to learn more about how IBC through whole life insurance could be used for my financial situation but boy did this book not give me enough to figure it out myself, even though I'm trained in many of the concepts that are a baseline to its function.
My interest is piqued but if you want to learn about it, I'll probably be able to give you the gist and save you some heavy skim reading.
I get why you would have a pile of introductions to various building blocks that will help the uninitiated to get up to speed but I feel like they could have been far more succinct with their explanations. I couldn't help but hear an infomercial voice saying "but wait, there's more!" behind a lot of these paragraphs.
On top of the efficient writing problem above, they also are way too brief with their examples of the actual application of the IBC techniques and instead say "its complicated so talk to our experts at our website". That may be a fair statement in it's own right but its insulting to not at least give me a few examples of how it COULD work. It ends up feeling like an overlong sales pitch.
I did learn a few things and I intend to learn more about how IBC through whole life insurance could be used for my financial situation but boy did this book not give me enough to figure it out myself, even though I'm trained in many of the concepts that are a baseline to its function.
My interest is piqued but if you want to learn about it, I'll probably be able to give you the gist and save you some heavy skim reading.
December 5, 2021
A short book describing the Infinite Banking Concept (IBC) written by the creator and a few practitioners. My take-away is this: create your own bank by purchasing dividend-paying whole life insurance from a mutual company (owned by the policy holders instead of investors). As the cash value in the policy rises, take out simple interest loans to invest. As long as the investment earns more than what you withdrew, you win. The benefits: your policy cash value continues to earn interest while the loan is out, the policy has a guaranteed side, and you have life insurance. The downside is that you need make your whole life payments consistently or you forfeit the policy.
There is a lot more found in these pages that articulate this system much better than I can. This short and essential read if you want to understand IBC or personal finances in general.
There is a lot more found in these pages that articulate this system much better than I can. This short and essential read if you want to understand IBC or personal finances in general.
August 17, 2021
THE book on IBC when “simple/direct” is needed
I have read a number of books on IBC (including “Becoming Your Own Banker”) and suggested them to others who have shown interest in the concept. THIS book—direct from the “horse’s mouth”—however, seems to me to cover it best. It takes on the challenging questions (especially for the large audience following D. Ramsey) without flinching, and provides an extremely understandable explanation of both the theory, engineering, and practice of IBC for business and personal use.
I have read a number of books on IBC (including “Becoming Your Own Banker”) and suggested them to others who have shown interest in the concept. THIS book—direct from the “horse’s mouth”—however, seems to me to cover it best. It takes on the challenging questions (especially for the large audience following D. Ramsey) without flinching, and provides an extremely understandable explanation of both the theory, engineering, and practice of IBC for business and personal use.
June 21, 2022
Good book, worth a read.
Lots of repeat info from becoming your own banker but includes a good example to illustrate how a small business owner would use an infinite banking life insurance policy in practice. Also this book delves a little deeper into the context of what is happening so you can better understand what you may be getting into.
Lots of repeat info from becoming your own banker but includes a good example to illustrate how a small business owner would use an infinite banking life insurance policy in practice. Also this book delves a little deeper into the context of what is happening so you can better understand what you may be getting into.
May 26, 2019
I really appreciated the extra history regarding the gold standard, usage of whole life policies thru history, and the Federal reserve and how this all fits into IBC. Becoming your Own Banker only really covers the core mechanics of the concept; this book adds much to the rationale behind it.
February 9, 2020
This is a huge re-hash of Becoming your own Banker. Nothing revolutionary or new, just a lot of repetition from BYOB and Building your Warehouse of wealth. Not worth the 8 bucks.
November 30, 2021
Maybe the best book on the subject that I’ve read so far.
December 18, 2024
This is a great concept that’s ignored a lot that people should incorporate into their lifestyle.
February 12, 2020
Another resource for understanding the Infinite Banking Concept. Quite a bit of summarizing from Nelson’s original book, but had some added layers to it on some of the specifics.
Displaying 1 - 10 of 10 reviews