Becoming Your Own Banker-Part 3
The Infinite Wealth Podcast · Anthony J. Faso CPA
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Show Notes
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In this episode we are reviewing pages 19 – 20 of Nelson Nash's Becoming Your Own Banker titled "How to Create a Bank Like the Ones We already Know"
Ideas discussed include the following:
How Banks work on a community level....where do they get the money they lend?
Bank of America Example
Regardless of what industry you are in...you also need to be in the banking business
To understand the concept of Infinite Banking there are two functions you must spend some time learning:
- How banks make money
- Whole Life Insurance Contract: The best place to store cash