You a Banker? Yes, It's Possible

Why you should read this before 2014...

Having recently passed the Infinite Banking Institute Practitioner's Exam as taught by economists Robert Murphy and Carlos Lara along with Nelson Nash, author of Becoming Your Own Banker, I'm excited for the way of sound money practices you and your family could be implementing in 2014.  Why would I be excited about you becoming your own banker in 2014?

1.  You may learn information that could revolutionize your family financial picture for the next five, twenty, perhaps one-hundred or more years.  Infinite Banking is about implementation of imagination for wealth development, family legacy planning, financing your family needs and wants out from under governmental stipulations.  The things you can do as your own banker are infinite and could be started in 2014.

2.  I'm excited that you could become your own banker (and use me as your banking coach) because I'll be with you as your banking coach for the lifetime or your plan unless you or I pass away.  In other words, we get to hang out and find ways to help you develop your financial goals and dreams into reality.

3.  I'm excited for you to become your own banker because banks are making a killing off of us. Banks will no doubt be raising interest rates in 2014 to make even more money off you and I.  In the November 18 Special Edition of Bloomberg Businessweek p. 28 it clearly states that it's not a matter of IF rates will rise but when in 2014.  In addition savers have been clear losers in the last 30-years in the banking industry and these savers are moving on from banks to other modes of saving with higher yields.  Don't you think banks are going to want those savers to return to them?  As an aside the four largest banks in the U.S. made $214 billion in profit from the end of 2008 to third quarter this year.

By becoming your own banker and implementing the banking process for yourself you begin to practice sound money lending and spending habits while using your money AND you set the terms of repayment while you earn money in a tax-preferred environment.  Yes, 2014 could be rocky as far as commercial banking is concerned and the rise of interest rates - but I prefer to look at this not as a potential economic bust moment for you, but an opportunity for you to call me and allow me to introduce you to an unparalleled financial tool that is sound, proven, and tested but proven strong - The Infinite Banking Concept.

Call 816-588-2328 or write mzimmeribc@gmail.com for more information and insight.  You can become your own banker in 2014! Take control of your money and use all of it to create a financial tailwind for success.

What 10% Might Do in America

Lately I've been reading about the dangers we presently "sleep" through as Americans in the realm of fractional reserve banking (a dangerous practice). Reading books like End the Fed by Ron Paul and various articles from Mises Institute as well as thoughts from Robert Murphy and Carlos Lara (both respected economists).  

Lara and Murphy make a sound case for Sound Money Solution by explaining how fractional reserve banking could be no more and we still maintain strength in our banking system.  This case is made in their book How Privatized Banking Really Works.  As I read more and more I am hopeful and working daily in my life to share about how sound money solution plays out through the implementation of the Infinite Banking Concept in the homes and businesses of people I know.  I am making it my goal to be a part of the goal to have 10% of America apply this in their lives.  This 10% is what Lara and Murphy call a decent "tipping point" towards moving an even larger portion of America towards health and sound money practices not to mention less unsecured debt in our homes.

This post might seem like it has hidden political leanings or reflect my political values (by simple reason of mentioning Ron Paul).  But this is not really about what I believe - it's about what would happen if 10% of us Americans would pull from fractional reserve banking moorings and finance the things we desire on our own.  What 10% of America could do....hmmm.

Recommended Reading - Even for the Economic "Expert"

I'm in the middle of reading Carlos Lara and Robert Murphy's book "How Privatized Banking Really Works: Integrating Austrian Economics with The Infinite Banking Concept."  It seems like either people don't know this information or they are so zombified by Keynsian economics and its equally ugly twin zombie called "buy term invest the rest" that they cannot do anything and think anything but what we were always taught.  

As I read I keep thinking to myself that two SUPER smart guys wrote this and yet it's the radio personalities and TV personalities that keep pushing the same old and broken vehicles for investment and financing.  Do some have merit?  I guess, but when I read more of what Lara and Murphy are suggesting in this book I'm more prone to push to the side of true individual freedom and economic policy that turns away from my hard earned dollars being taken from me in rapid pace.  Ludwig Von Mises, the most astounding voice of Austrian economics becomes a bigger than life hero to me and should be to others, and yet our nation and the homes that make up this nation languish.  I feel chains being broken from me even as I read this book because I know that the knowledge I'm gaining in conjunction with my Infinite Banking system is giving me more freedom - true freedom, and that freedom is outside the bounds of government savings vehicles. This is allowing me to help me and my family in even greater and unimaginable ways.  You should read this book AND consider Infinite Banking for yourself.  Come on, drop off the lies you've heard, and give this book and IBC an open and fair look.

What a Good Man Does

"A good man leaves an inheritance for his children's children."

Proverbs 13:22a

(A played out situation I wish I'd known 18 years ago)

Let's say you are a new parent.  You and your spouse bring home your first bundle of joy or your first adopted child and you are elated, scared, excited, tired already, dreaming of what this person will become.  Life begins to pick up as life does.  Baby goes from diapers to no diapers.  Baby goes from crawling to walking.  Time is moving quickly all the while you are thinking long range.  You are wise!  You know that as baby becomes child, child becomes preteen, preteen becomes teen, teen becomes young adult that there will be ever increasing expenses to meet the needs and even wishes of this child.

But your wisdom goes beyond the first twenty-five years of raising this person.  You want to set this kid up to succeed, really flourish in every way. And for this it takes money, lots of money.  So, what to do?  You don't have a ton of extra money to throw around or into fluctuating market ups and downs. So, you now think waaaaayyy outside the box.  You call on grandma and grandpa to begin a $2000 life insurance policy on your child and pay this same premium on the child in a dividend paying whole life policy with a mutual life company for the next 22 years.  The policy is initially set up with the grandparents as owners of the policy and to be passed on to the parents upon their death.  At the outset the policy is set up to emphasize cash accumulation and not death benefit.  After 22 years the "base premium" can be paid by dividends from the policy and surplus dividends buy additional paid up insurance moving forward.  The net effect being no additional outlay needed and face amount and cash value only grow ever increasingly.

In this example we have just shown the creation of financial "perpetual motion" beginning with one generation and moving through the cycle of many more to come as the process is repeated over and over again.  In this example, of which I would have employed for my kids, there are numerous advantages....

• It covers multiple generations - promotes long range planning
• Underwriting problems are minimized
• Tax free build up
• Precludes any need for Social Security
• Passive income is assured
• Estate planning is greatly simplified
• Wealth "mentality" passed from generation to generation.

Call me at 816-588-2328 to see how "What a Good Man Does" can begin a generational cycle of financial health for you and those you love.

Overwhelmed by College Costs?

Are you overwhelmed by College Costs?  The Infinite Banking Concept Can Help... Did you know that the Infinite Banking Concept resource can be a powerful tool  in the college planning process? Here's why. Although many scholarships reward merit, most financial aid is based on need.  To receive financial assistance, a family or student must complete the Free  Application for Federal Student Aid (FAFSA). Information on this application is  then analyzed using the federal methodology formula to determine what the  family is expected to contribute toward the student’s education. Money in  stocks, certificates of deposit and bank accounts are factored into this  formula, but your asset in the Infinite Banking System is not because it  is whole life insurance. Therefore, children whose parents have a portion of  their assets in a cash value life insurance policy may have a better chance  of qualifying for more financial aid than children whose parents have the same net worth and income who have not utilized the same planning technique. Just by reallocating your assets in a dividend paying whole life policy with a  mutual life company, you may improve the chances that your child could  become eligible for more scholarships and grants. College Planning and Whole Life Insurance The whole life insurance policy I help you implement can be a useful tool  in the college savings process because it:

•  Is not considered in federal financial aid calculations. •  Produces cash value, which can be accessed through tax-free loans or withdrawal/surrender of the paid-up additional insurance rider, to pay a  portion of college costs. If the policy-owner doesn’t use the cash value for  education funding, it can be used later to supplement retirement, or for  any other purpose.  • Offers a guaranteed death benefit, which can be used to pay college costs  if the insured dies prematurely. With college costs expected to increase at an annual rate of 5 to 10 percent*  for the foreseeable future, the ongoing uncertainty in the economy and  interest rates at record lows, planning for college is a major challenge for  many parents. Contact me at 816-588-2328 for more information on how  The Infinite Banking Concept can actually improve your ability to pay for  college expenses while limiting college loan expenses. *The American College, 2011.                                             For more information send inquiry to: mzimmeribc@gmail.com

Five Year School Loan Blues

Heavy school debt weighing post-undergrads down has been the topic of many financial blogs and news wires for several years.  I even saw on a major news service last week that more and more seniors are carrying debt, even school debt, into their retirement years.  I pastor a small congregation where it's not uncommon for my congregants to carrying large sums of school debt into later earning years.

So, what could we do to begin to REALLY tackle the issue of school loan debt?  I think a post-graduate assessment at five years is in order.  These are years where families, many times are being started, wage earning is beginning to tick up, and careers are being built one day at a time.  Post-university years are exciting days because lifetime formation is taking place.  As I said, many times children enter into our lives and life begins to move very rapidly.  So, we need to slow down and ask, "How will I pay these school loans?"

My wife and I had a bit of outside help paying school loans when we were newly weds and with that we set our goal at being school loan debt free by age thirty.  We achieved that goal.  However, if you're on your own and you are five-years out of the university and not already in a grad program, I would recommend you look into The Infinite Banking Concept as taught be Nelson Nash in his book Becoming Your Own Banker. I teach this material to people and I know that if your goal would be to eliminate school loans that we can come to the table with reasonable expectations of how to implement your own bank in an effort to eliminate school loan debt.  Call me at 816-588-2328 or mzimmeribc@gmail.com.  Let's get this school loan debt knocked out ASAP!

Financing College

From the Driver's Seat...

In less than one year my wife and I will begin to finance our daughter's college education largely (if not in total) through the wonderful resource of infinite banking. Back in 2008 I, like you, were awakened to some pretty harsh financial realities in the public marketplace, but also in my own personal financial situation.  I knew that in five to six years I NEEDED a better option to be able to finance my child's future education than "a wing and a prayer" and FannieMae.  Ugghhh, that was such a hard thought to ponder.

At the time I also had many other things spinning like high unsecured debt, pitiful pension, and minimal death benefits in case I passed on.  In short, my family was in high debt, little retirement funding, and unprotected in case of my demise!  NOT good. In addition, I had no way to pay for college.  Up a creek without a paddle.

I won't address how Infinite Banking helps with the first three issues,  but I will say today that 2008 was the (sounds odd) perfect time to begin a dividend paying whole life insurance policy that was set up for us to quickly begin utilizing for the banking benefits.  November 2013 marks our 5th year as Infinite Banking practitioners and I'm super excited to say we're debt free (except mortgage), I have an ever increasing passive income pool for "retirement" (that I can tap tax free), I have an ever increasing death benefit to leave a super awesome legacy, and I have placed my money in a system that is 100% liquid with no taxation on growth and can use it anytime I need it for any reason I desire - INCLUDING financing my kids college.

I'm not an official financial adviser, I'm a guy who lives and teaches Infinite Banking, but I would say that being in the financial driver's seat right now in regards to financing college in the years ahead feels so much better than keeping my money stashed away in some government qualified plan hoping it will grow and for the most part unable to access its use without penalties. So, what to do?  Well, if you have a seventh or eighth grader and you're thinking college and how to finance - you might consider Infinite Banking.  It's meant more to me than what I thought I knew. Call me if you'd like to explore how you can set up your own Infinite Banking system.