Page 9 - Becoming-Your-Own-Banker-R-Nelson-Nash

CONTENTS

DEDICATION ...................................................................................................................................................................... 3
ACKNOWLEDGMENTS .................................................................................................................................................... 5
FOREWORD ........................................................................................................................................................................ 7
PART I .................................................................................................................................................................................11
BECOMING YOUR OWN BANKER................................................................................................................................11
HOW THE INFINITE BANKING CONCEPT GOT STARTED ..................................................................................... 12
IMAGINATION ................................................................................................................................................................. 14
THE GROCERY STORE ................................................................................................................................................... 15
THE PROBLEM ................................................................................................................................................................ 18
CREATING A BANK LIKE THE ONES YOU ALREADY KNOW ABOUT ................................................................ 21
CREATING YOUR OWN BANKING SYSTEM THROUGH DIVIDEND-PAYING LIFE INSURANCE.................... 24
THE HUMAN PROBLEMS .............................................................................................................................................. 30
UNDERSTANDING PARKINSON’S LAW...................................................................................................................... 30
WILLIE SUTTON’S LAW ................................................................................................................................................ 31
THE GOLDEN RULE........................................................................................................................................................ 33
THE ARRIVAL SYNDROME ........................................................................................................................................... 36
USE IT OR LOSE IT ......................................................................................................................................................... 37
REVIEW—PART I............................................................................................................................................................. 38
PART II ............................................................................................................................................................................... 39
CREATING THE ENTITY ................................................................................................................................................ 39
• MORTALITY DATA
• LIFE INSURANCE PLANS
• DESIGN OF PLAN THAT BEST SOLVES THE BANKING FUNCTION
REVIEW—PART II ........................................................................................................................................................... 43
PART III ............................................................................................................................................................................. 44
HOW TO START BUILDING YOUR OWN BANKING SYSTEM ................................................................................ 44
• FIVE METHODS OF FINANCING AUTOMOBILES
EXPANDING THE SYSTEM TO ACCOMMODATE ALL INCOME............................................................................ 50
REVIEW—PART III .......................................................................................................................................................... 52
PART IV ............................................................................................................................................................................. 53
EQUIPMENT FINANCING .............................................................................................................................................. 53
PART V............................................................................................................................................................................... 65
CAPITALIZING YOUR SYSTEM AND IMPLEMENTATION ...................................................................................... 65
• WHERE DOES THE CAPITAL COME FROM TO GET STARTED
• POTENTIAL SOURCES OF CAPITAL
• FISCAL CHECK-UP
• ORGANIZING OR JOINING WEALTH CLUB/STUDY GROUP
• PLAYING “THE CASHFLOW GAME”
THE RETIREMENT TRAP! ............................................................................................................................................. 66
THE COST OF ACQUISITION ........................................................................................................................................ 67
“BUT, I CAN GET A HIGHER RATE OF RETURN” ..................................................................................................... 68
AN EVEN DISTRIBUTION OF AGE CLASSES............................................................................................................. 69
A DIFFERENT LOOK AT THE MONETARY VALUE OF A COLLEGE DEGREE ..................................................... 73
EPILOGUE......................................................................................................................................................................... 80
GLOSSARY OF TERMS ................................................................................................................................................... 81
BOOK RECOMMENDATIONS........................................................................................................................................ 83
BIOGRAPHICAL INFORMATION .................................................................................................................................. 84

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