IBC: The big picture

When many people first learn about Infinite Banking (IBC), they think of all the immediate things it can help them accomplish: paying off debt, buying a car, etc. But there is SO much more to it than that. 

If you change your perspective, you’ll see all the potential of this powerhouse machine. 

We always talk about IBC being “long term,” but humans usually aren’t able to see past the first year, second year, or third year of their policies. And that can be a huge disadvantage for you, the policyowner.

I absolutely 100% support using your policy’s cash value for immediate needs. That’s what it’s there for! But taking your eyes off the future while you’re using it in the present can turn into a hindrance. 

Here’s what I mean:

Let’s say you used your cash value to pay off your $10k in debt. But you say to yourself “Well, I could repay this to my policy, but I don’t want to, so I won’t. Maybe I’ll repay my policy loans in a few years when I’m making more money.”

You have a right to do this, but if you follow what we teach, you’ll know you’re leaving yourself with less cash value to borrow from later on.

This could mean you will miss out on an opportunity for an investment or a purchase you need to make that will increase your cash flow (wealth) or otherwise benefit you in some way.

Here’s another example:

You have a choice between paying down your 0% interest loan or you could position yourself as a private lender and make 10% on your money in 4 months. You think any debt is bad debt so you pay off your loan and forfeit the opportunity to make a higher return. 

Again, this is totally your right to do, but you’d be leaving a lot of money on the table and putting yourself at a disadvantage.

You are in control.

It’s all about choices, but that’s also the beauty with IBC. You call the shots. Just make sure you realize there could be a better way to utilize your cash value than you may be aware of. And who better to bring you that awareness than The Money Multiplier Tools Team (click here to learn more about the Tools Team and how they can help you).

If you’re not focused on the long term, you’ll miss some pretty pivotal opportunities in the short term. As I like to say it, “Don’t trip over the dollar to pick up the dime.” This machine is a powerful tool, especially if used the way we teach, with careful planning, and an eye on the future.

When you’re ready to get started on creating your financial legacy or if you have more questions, most questions can be answered by watching this video. Start there and then schedule a consult with my team when you’re ready to begin.