The infinite Banking Concept

January 11, 2019

What if we could show you how to use YOUR money versus paying interest to a bank? Interested? We thought so…


Have you ever financed a car through a bank? Chances are that you have. Financing is such a normal way of life that we don’t stop to think of a better way to utilize our money. We’re constantly throwing money, our own hard earned money, away to banks and businesses and calling it “interest.” But what if I told you there was a better way?


It goes by many names (privatized banking, banking on yourself, etc) but for the the sake of this blog post, we’re going to keep it simple and call it by it’s more commonly known name, the Infinite Banking Concept (IBC.)


I first learned about IBC when I read Nelson Nash’s book, Becoming Your Own Banker: The Infinite Banking Concept. If you haven’t read it, you should! In his book, Nash covers all the bases of what IBC is and how it can be used. So what is IBC? It’s learning to borrow from yourself instead of corporations and allowing you to build your own wealth rather than someone else’s. Some of the things IBC teaches it’s practitioners to do include:


  • Use permanent life insurance to create your own banking system and building that bank using available cash flow and savings instead of traditional financing
  • Finance big purchases such as vehicles and even your home using IBC
  • Use IBC to build a business through equipment financing


Over the course of the last 15 years, I myself have been practicing the Infinite Banking Concept. During this time, I’ve learned that there are specific elements and mindsets you need to implement with this process to make it successful.

1. Time

The best things in life don’t always come quickly. They require patience and trust as they evolve. Similarly, the Infinite Banking Concept requires time. It’s not just another “get rich quick” kind of scheme. Rather, IBC is a lifelong pursuit without an expiration date. That’s right - the best part of the Infinite Banking Concept is that it can outlive your lifespan and continue with future generations!


For the longest time, I was frustrated that no one had taught me about this concept sooner. It took me awhile to figure out I really had no one to be frustrated with but myself. You see, people had told me about the Infinite Banking Concept...the problem was I wasn’t listening. Part of the problem was that I was caught up in conditioned thinking and preconceived notions when it came to money and how to use it.


Once I figured that out, I was able to open myself up to this concept and implement it into my wealth building strategy. One of the most exciting parts of doing so is that I get to teach my 11-year-old son the value of money while leaving him a legacy that will benefit him in the future. Instead of being in his thirties and trying to learn about financial independence, my son has had the benefit of learning about it since he could talk and reason.


I’ve been teaching this concept to men and women for many years. It can benefit anyone but what I love about the Infinite Banking Concept is that it is intergenerational. I’m able to teach adults (parents, grandparents, aunts and uncles) how to make this concept the foundation of their future family banking process. With time, this concept only increases your financial independence and can benefit families for years to come!

2. Money

One of the most important elements of the Infinite Banking Concept is an understanding that you need to treat your family bank the same as you would treat any other business. What does it take to get most businesses up a running? Money. What’s the main cause of a failing business? Not enough money. If you borrow against yourself to take out a car loan, you need to pay yourself back the same way you would pay back the bank if you financed your loan through them. The great thing about this concept is that you can build the system over your lifetime without the chains of traditional financing!

3. Discipline

I have the mathematics degree needed to show you evidence as to how the Infinite Banking Concept will work with time and money, but what I can’t teach you is discipline. In order for this concept to work, you have to be responsible enough to not steal from yourself and to love yourself and your family more than you love Wells Fargo.


That being said, you don’t have to go it alone. Just like you wouldn’t climb Mt. Everest without the proper guide, you shouldn’t climb the financial mountain without one either. With my experience, I can guide you through the peaks and valleys of your wealth building strategy and bring you to the peak of financial independence!

Ready to learn more about the Infinite Banking Concept and how to apply it to your financial situation?

Get in touch with Wade Borth at (701) 793-3471 or by email at wade@sagewealthstrategy.com to get started.