Infinite Banking Glossary of Terms
If you are curious about the infinite banking method, then one of the first things you need to do is familiarize yourself with its terms, as well as how it works. Want to know more? Read on as we break down the Infinite Banking Concept (IBC) terms and their definitions in this handy glossary.Let’s start with the IBC basics: According to estimates by Forbes.com,...Read More
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Jim Harbaugh’s Contract with Michigan Includes a Life Insurance Loan
Steve Pepple / Shutterstock.com The University of Michigan and its football coach, Jim Harbaugh, recently agreed to an updated contract that will increase payments from the school, as well as loan Harbaugh $4 million in 2016 and $2 million for the following five years to pay life insurance premiums. According to information from a Freedom of Information Act request, the first $2 million loan...Read More
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Why So Many Americans Distrust the Federal Reserve
One of the few topics on which most Americans can agree seems to be a distrust in the nation’s banking system. A 2015 Gallup poll revealed that the only federal agency in the United States with a consistently lower approval rating than the Federal Reserve was the Internal Revenue Service. That’s a shockingly low level of trust and approval. Even big-time politicians on both sides of the...Read More
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The Most Common Reasons People Lose Big in the Stock Market
There are so many people who believe that the stock market is their key to getting rich quick and building up their retirement savings easily. The reality is the stock market, while it can be a good way to make your money grow and work for itself, can also be a good way to lose big really quickly, especially if you are inexperienced with it. Keep in mind that you have your money and your...Read More
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What is Infinite Banking and why is it an Important Concept?
The way the average person saves in America is fundamentally broken. Even your typical person who could be classified as fiscally responsible spends approximately 30 percent of their income on interest on loans and debt, and saves approximately 10 percent of what they make. What is important about infinite banking is the process and not the product. Your mind must break itself from the bondage...Read More
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American Retirement Savings in 2016: Average Amounts By Age
A recent study by Investopedia dug in depth into the average amount of money people in America have saved for retirement during each decade of their adult lives. The results give some indication as to the average person’s amount of money plus their mindset regarding savings at certain periods of their lives. One study from last year indicated the average American has approximately $104,000 in...Read More
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Nearly Half of All Americans Don’t Trust the Banks
For years, especially since the recession, Americans have been growing increasingly distrusting of the country’s banking system. People realize banks are getting rich off of their money, and that they’re paying loans back with alarming interest rates, essentially wasting thousands of dollars over the course of many years. It comes as no surprise, then, that people have been slowly starting to...Read More
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Why the financial system is stacked against you
Do you ever feel that the financial deck is stacked against you? For many of us, there’s so much money going out the door every month that it’s hard to get ahead, let alone secure your family’s future. You may have gotten an inkling of it on that momentous day when you signed your mortgage papers. I remembered the first house I bought. Nervous and excited, I was intimidated by the big stack of...Read More
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The 3 Brilliant Secrets of the Financially Independent
If you’re an average adult in America today, you go out in the world and work. You get our money and just spend while hoping there’s money left over at the end of the month to put into savings. I’m telling you that’s an easy way to find yourself in financial slavery. Think about it. If you were to sign a piece of paper and that paper was a contract saying that you would be my slave...Read More
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Get out of the rat race- Bring the money back to you
Whether April Fool’s day is just around the corner or it has come and gone many of us still feel like fool when it comes to finances, retirement programs, money, and investments. I know that I felt this way until I learned about the Priviate Family Financing (PFF). Ask yourself, “Have you ever been the fool when it came to investing your money?” Have you ever felt as if you just do not...Read More
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