Infinite Banking Case Study #2: Finance Your Own Vehicles

http://www.BecomingYourOwnBank.com presents: Interviews with Dan Thompson, financial strategist. Infinite Banking Case Study #2: Finance Your Own Vehicles.

“So let me define for you a couple terms, I use my personal or private banking system as the place I’m going to put my capital. Don’t confuse it when I say borrow money from the corner bank, that means the financial institutions we are all used to dealing with. So here’s a simple case study. My daughter and son in law have created their own private banking system, and they’re putting away money every month and literally saving up for their next car purchase. And in another couple years they will have enough capital to pay cash for the car. What they are going to do is literally borrow that money from themselves, create a contract, and amortization schedule, an interest rate, the whole works — and they are going to pay themselves back through their banking system. Over the next 10, 12, 14 cars, however many they have in their lifetime, they are going to generate wealth that would normally have gone to the financial institutions, but because they are their own infinite banking system that wealth is going to be now theirs. And that can be a significant amount of money, from the hundreds to the hundreds of thousands of dollars in their lifetime.”

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