"Function Like a Bank, Profit Like a Bank" is a powerful guide that shows readers how to take control of their finances by creating a Family Banking System.
This book challenges that status quo, teaching readers how to reverse the flow of money by leveraging High Cash Value Life Insurance to build a self-sustaining, tax-advantaged Family Banking System.
By applying the principles of banking used by financial institutions, readers can eliminate debt, fund major purchases, and grow wealth -- all while keeping the profits within their own family.
We don't think about this, but everyone has something that functions as a banking system in their life, yet few people profit from it. Instead, outside entities like banks, credit card companies, and other financial institutions reap the rewards.
We give away about a third of our income to other entities in the form interest. When we buy a house, 70- 80% of the payments in the first 7 years go directly to the bank in the form of interest.
When you pay cash, you may not have an interest payment, but you still have an interest cost because you give up the interest you can earn on that money. Of course, you have to spend money to live, but you don't have to give up the growth of your money. Your Family Banking System allows you to keep your money growing and working for you every day of your life, even when you're using it elsewhere
The author highlights the three biggest expenses that silently drain wealth from most individuals and families:
-Taxes
-Opportunity cost
-The interest paid to others.
By understanding and addressing these expenses, you can reclaim control of your money, redirect the profits back into your life, and build lasting generational wealth.
This book provides a step-by-step guide to:
-Create a Family Banking System using High Cash Value Life Insurance
-Generate tax-free passive cash-flow
-Eliminate debt while financing life's major expenses through their own system
-Recover opportunity costs by keeping money in motion within the family
-Reduce reliance on traditional banks and capture the profits of interest payments
-Build a legacy for future generations
-Preserve your wealth and protect your wealth from
oTaxes
oInterest paid to others
oInflation
oMarket Losses
oLong-Term Care, Critical Care, and Terminal illnesses
This is more than a financial strategy -- it's a paradigm shift that empowers you to build wealth for generations to come.
