Episode

424

BYOB Book Review Part 5 | Creating a Bank in Becoming Your Own Banker by Nelson Nash

What's this episode all about?

Do you know how banks make money? It is by lending money to borrowers at high-interest rates. So why not create your own bank? If you have extra money, would you rather put it in another bank or create your own bank? If you're going to buy a car or a property, would you borrow from someone else's bank and pay them the interest or borrow from your own bank and earn that interest? If you want to know how to establish your own bank, today's episode will give you some clarity.

Top 3 Things
You’ll Learn

  1. How banks make money
  2. How to become your own bank
  3. The importance of investing in yourself

About

R. Nelson Nash

R. Nelson Nash (1931 - 2019) wrote the book Becoming Your Own Banker that unfolded The Infinite Banking Concept (IBC). He came up with the idea of IBC in the early 1980s when he was struggling with high-interest rates on commercial bank loans. Today, many people continue to benefit from using IBC as a tool to achieve financial freedom. Becoming Your Own Banker by R. Nelson Nash: https://www.wealthwithoutwallstreet.com/ibcbook

Take Action!

Join our online community! Not only will you be able to interact with our podcast guests via exclusive Q&A sessions, but you’ll also be given free access to our Financial Freedom 101 course that’s designed to clarify and accelerate your path to Financial Freedom. Sign-up today and immerse yourself with others who are breaking free from corporate America and Wall Street.
Join Today!

Episode Specific Resources:

Listen to our Podcast!