According To The Kauffman Index of Startup Activity1 the share of new entrepreneurs who started businesses to pursue opportunity rather than from necessity is now up more than 12 percentage points higher than in 2009 at the height of the Great Recession. This of course is a very encouraging nationwide trend and I extend my admiration to all those individuals who have ventured out into an endeavor where only about half survives the first five years in operation. Obviously, by any measure, these are certainly not great odds so I also applaud their courage and their desire to start their very own enterprise.
One of the greatest awakenings we can experience happens when we recognize that our monetary systems rest entirely on our confidence. In other words, when analyzed from a purely materialistic viewpoint, our beliefs in the financial strength of the U.S. dollar and the U.S. Treasury are what actually keeps our economy propped up. Our trust in these monetary instruments sustains us.
Nelson left an indelible mark and I am excited to share with you the revival of a project that has been close to our hearts, one that seeks to preserve and amplify Nelson’s voice for future generations. A few years prior to Nelson’s passing, there was an undeniable feeling in the air.
Meet my client Dave (no, it’s not his real name).
When we met late last year, Dave was about 50 years old. He’s a successful tradesman who had built a substantial business. Dave was recently approached with an offer to buy his business, and as a result, Dave expected to have about $2,000,000 that he wanted to use to establish his own personal monetary system the way Nelson Nash teaches in his book Becoming Your Own Banker.
As we continue our mission at the Institute to educate the general public, practitioners, and life insurance company’s about the Infinite Banking Concept, it is crucial that we uphold the integrity of what Nelson developed by using accurate and appropriate language in all our communications.
Becoming Your Own Banker, by author R. Nelson Nash is an extraordinary book. And yet, it’s not actually a book as much as it is a book-let. A mere one hundred and seven pages in its entirety, it dispenses wisdom and logic of a kind that only an individual who has been educated in the Austrian School tradition could have written. Neither the brevity of its treatment nor its plain language takes away from the fact that it contains information of great intellectual and financial depth. What has become apparent since its initial writing is that the power of its message motivates its readers to read it not just once, but over and over again. With each reading, new insights are ascertained. Readers are moved to share its wisdom.
I published this article in December 2010—right at the time that Bankruptcies were at an all-time peek for Americans as well as Canadians.
However, even today in 2023, the filing process, except for a few things, remains the same. But knowing the differences according to the Bankruptcy code in America and also Canada, is important to understand, especially if you are interested in getting into a lucrative business.
Therefore this article is worth reading once more.
I published this article in November 2010—right at the time that Bankruptcies were at an all-time peek for Americans as well as Canadians. However, even today in 2023, the filing process, except for a few things, remains the same. But knowing the differences according to the Bankruptcy code in America and also Canada, is important to understand, especially if you are interested in getting into a lucrative business.
In a world such as ours laden with such grim social, political and economic problems, the formula we share for solving them is unmistakably distinctive. I get a sense of this characteristic every time I tell an audience our story and message. It let’s me know that I have been given a rare privilege to be able to share such optimistic news in an otherwise somber situation along with the foreknowledge of the good it does for all those who implement our ideas.
Picture yourself having just recently returned from one of the most exciting vacations you have ever had. But you are home now and you begin reliving the trip’s experience. Suddenly you are unable to understand your wife’s words when she speaks to you. Furthermore, and worst of all, you are unable to share your own words and thoughts back to her. Now that would be a frightening experience for anyone. You silently ask yourself– “has something gone wrong”? Am I ok? Am I sick? Actually, yes, there is something wrong. This is what is known as “aphasia,” a language disorder that’s caused by damage to the brain and caused by a serious stroke.