Dollars And Nonsense

E17: A Way to Turn the Tables and Become Your Own Banker

Informações:

Sinopsis

In this episode, we will discuss why you need to become your own banker, even if you have no debt. We're often asked, "What if I don't have any debt?" Or "How does Infinite Banking work once I'm out of debt?" You see, a lot of people have been taught to take loans, and they pay off their loans. And people who follow this line of thinking don't have any debt. But what those people don't understand is that banks make just as much money off your deposits as they do on your loans. So, the reality is you might not have any debt, be making any mortgage payments, loan payments, or even credit card payments, but you are still depositing money into a banking system. In other words, the bank doesn't care if you deposit money with them or if you borrow money from them. They just want your money! The reason why you need to become your own banker is it's not just about paying off debt; it's about getting the bank completely out of your money. They are the ones who are conning us into believing that they're a good place to