Archive for August, 2009

 

New Ideas for Business Owners

Thursday, August 27th, 2009

I’m writing this from the lobby of the Sheraton Hotel In Birmingham,
Alabama, having attended Nelson Nash’s Infinite Banking Think Tank
Symposium. The southern drawl is eveywhere and I revel in the charm
of the new south.

101 Infinite Banking practitioners from the US (and one from Canada)
attended to network and exchange best practices. As the Infinite
Banking concept is the engine of my nwfin product, I come to the
symposium as often as I can to sit at the feet of the master, so to
speak.

A business owner can use the Infinite Banking Concept to finance
working capital and retirement. It’s basically a revolving line of
credit secured by tax advantaged cash values in a participating whole
life insurance contract. Until retirement, the business owner borrows
from and repays the line of credit, but after retirement, the business
user draws down to finance retirement using the death benefit of the
life insurance contract to repay the loan.

Infinite Banking benefits for business owners are pretty compelling:
the main benefit being the ability to recover the cost of the items
financed using the concept. For more information click on this link.

I go to these symposia to reconnect with Nelson. I meet other
practitioners and I remember what attracted me to it in the first
place. For me the appeal is the “stick it to the man” feeling I get
using Infinite Banking to turn the tables on the banks. Have you ever
outwitted someone who was trying to fool you? That sweet vengeance is
what i’m looking for when build nwfin plans for Canadian business
owners. Other true believers are drawn in by the tax savings. And a
big part of the appeal is the feeling of exclusivity: that we are all
members of a little known club, since Infinite Banking is not a
savings strategy that you will see advertised in the mass media.

I’m on a plane now with my head full of new applications of the
Infinite Banking Concept for business owners.