The Power of the Family Bank
Can you imagine going back to being 20 years old, and your parents had already established a family bank?
Every dollar you've spent your entire adult life coming back to you one day. That's insane, right?
If you're young, start early. Build your system so your kids will have that family bank in place.
And for those in your forties or fifties, don't be discouraged. You can still create this environment for yourself and your kids.
One day, we had an epiphany thanks to a video from Todd Langford about how banks make money.
Banks don't risk their own money; they use yours. The cost of capital versus what they profit is vastly different from what most realize.
When you deposit $10,000 at a bank, they might pay you 5% interest, but they'll lend that $10,000 out at 10%.
Many think the bank makes a 5% spread. In reality, it's a 100% spread because they're using your money to create value.
The realization we had was this: Forget every other investment.
If all we ever did was become the bank for ourselves and our families, we'd be better off than 95% of people.
That's the power of Infinite Banking. Start today and build a legacy for tomorrow.