Cheryl and I just returned for the Nelson Nash Institute Annual Think Tank in Birmingham, Alabama. It was an opportunity to meet with and hear from other Infinite Banking Practitioners across the United States and Canada. We always get so pumped up after these meetings! We learned so many new ways to help our clients and spread the word about how Infinite Banking is changing people’s lives.
The number one message that we heard repeatedly is this “stick to the basics.” The good news is that the basics are all found in the book “Becoming Your Own Banker” by Nelson Nash. So that is our challenge to each of you today – if you haven’t read this life-changing book, order and read it! If you have read it, reread it! I personally have read the book multiple times, and every single time, I still learn something new.
By reading this book, you will learn how to:
- Recapture the interest that you pay to banks and credit card companies
- Eliminate the emotional stress of money worry
- earn uninterrupted compounding on your money even when you borrow against it
- Build a stash of cash that you own and control
- Create a guaranteed retirement paycheck
- Save money on taxes in retirement
- Finance the major purchases in your business and personal life
- Live a legacy that will create generational wealth
What type of reader are you? How do you like to absorb information? You can pick up the “Becoming Your Own Banker” in one of these three formats: paperback, audio, or Kindle. Choose the one you like best; what works for you may differ from your spouse, kids, partner, or best friend.
There are many ways to digest this information – take a quick read-through without overthinking it, go through a second time, make notes in the margins, write down your questions, highlight the passages that speak to you. At the Think Tank, every practitioner had their book with them, tattered, written in, three-hole-punched, spiral-bound, you name it – it is the bible of Infinite Banking.
Our good friend and colleague, Richard Canfield, an Authorized Infinite Banking Practitioner with Ascendant Financial in Canada, recommends going through the book like this:
- Read Page 85 first, then read pages 3 and 4, twice
- Read Page 11 through page 50
- Jump to page 65
- Go back and reread pages 15 and 16. Nelson was adamant that you must understand the Grocery Store example.
- Read pages 66 through 85 – these pages are all about the HOW
- Finally, read the Equipment financing example pages 51 through 63. Save this for last. Controlling the banking function and the process are the key teaching moments Nelson conveys in this example.
We love Richard’s recommendations because he makes sure that you read the passages that get to the core of what Nelson was teaching. The point is; however you choose to read the book, just do it! There is so much wisdom, truth, and guidance that you will not find anywhere else. This book gives you the foundation you need to start your own personalized banking plan.
This is our passion; this is what we do every single day – let us help set you free! If you are curious about the possibilities, give us a call! As an Authorized Infinite Banking Practitioner – I can walk you through the process, answer your questions and make sure that you have a plan that is a perfect fit for you and your family.
We sincerely appreciate our friends and loyal clients and hope you will help us continue to grow by forwarding this article to your friends, family, and co-workers.
