Bulletproof Wealth

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.

When explaining the relative safety and stability of the insurance sector, proponents of Nelson Nash’s “Infinite Banking Concept” (IBC) will often point to the 1930s. They make claims that although thousands of banks failed, no insurance policyholders missed a payment.

Hands down, the biggest stumbling block to spreading the “good news” of Nelson Nash’s Infinite Banking Concept (IBC) is that it relies on acquiring whole life insurance policies. As “everybody knows,” only a fool would take out such a policy—just ask Dave Ramsey! The financial gurus tell us with confidence that an individual does much better to “buy term and invest the difference.” In the present article I’ll point out some of the flaws with this standard objection to whole life (and by implication, IBC).