Interest Rate Myth Rebuffed

Rethinking the Car Buying Strategy

This post is being brought to you today as another example that what we thought we knew, just ain't so.

My friend and partner Mike Everett at Life Success and Legacy provides this simple video explanation of how we used to think about buying cars. We use the teaching in this video quite often when people are exploring what Infinite Banking could mean for them and their future.  More of these types of videos can be found at the Life Success and Legacy web site under the videos tab. 

Again, just a little bit more open-mindedness and education for some people could make the difference in how they view personal banking as taught through the Infinite Banking Concept by Nelson Nash and through our ongoing teaching and leadership at Life Success and Legacy.  Contact us for more information or a copy of Nelson's book, Becoming Your Own Banker.

Becoming Your Own Banker - The Book

Intro

I want to share a few introductory lines from Nelson Nash's book Becoming your Own Banker.  This is the material we teach and train people to use at Life Success and Legacy.  We just make it simple at LSL.  No gimmicks or tricks, just the sharing of information in this 92-page book.

"The Becoming Your Own Banker book by R. Nelson Nash is really a course of instruction about the power of dividend-paying whole life insurance.  It is not a sales tool for life insurance agents.  It is education that the life insurance industry should have taught during the last 200 years.  The book demonstrates your need for finance, during your lifetime, is much greater than your need for protection.  The whole idea is to recapture the interest that one is paying to banks and finance companies for the major items that we need during a lifetime such as cars, major appliances, homes, business equipment and investment opportunities."

This introduction by Nelson is the foundation for what we teach at LSL.  I have found that I can verbally tell people by phone or verbally over a lunch what Infinite Banking is and what it can do, but unless a person gets this book and begins to dive into the materials it's a bit hard to grasp.  And even then, what you read may seem mind boggling.  So, this is why we keep it simple and encourage people to make the investment in Nelson's book and read it.  We don't deviate from this method - because it works.  Later I'll share more introductory thoughts from Nelson's book.

Want a book?  Call me at 816-588-2328.  It's just $20 and shipping is NO cost to you.

Knowing Next to Nothing

I learned something amazing the other day while sitting around with my friend Mike Everett at the Life Success and Legacy "Home Office."  I learned about some of the Myths in Regards to Interest Rates.  When Mike showed me some examples about interest rate myths and I watched this video (from our videos page) again, it hit me like a ton of bricks that in this regard I thought I knew a lot, but in reality, almost next to nothing.

You see, most of us have been taught to get low interest rates on housing. This is good.  Most have been taught high yield interest rates on investing is good - real good.  But again, when I watched the video, I soon realized that the banking equation that I thought would work better for me, was proven the opposite in Mike's video.  The interest rate myth was busted!!

You see, it's OK to know what you think you know, but when you step into "the light" with new or renewed knowledge as I did yesterday, then I/you have a responsibility to do something to turn the financial equation in my/your favor NOT in the favor of "the other guy."  Again, watch the video entitled "Interest Rate Myths" and see if the light bulb causes you to wonder about how you finance your next car - then contact me to see how LSL can help you control the WHOLE car financing equation.