A STRESS FREE Life Without The Banks!

Now what happened every single day during that 13 year window is the cash value, the aquarium of capital in those policies grew every single day.

And by the end of that 13 year period, did he have all the real estate and was it positive cash flowing and so he could have filed for bankruptcy and gotten off the hook like that.

Nelson said often what a peaceful, stress free way of life it is when you get the bankers out of your life. 1980, he's a half a million dollars in debt. A very active real estate investor.

Now, when he had borrowed the money at just north of 8% and he now found himself in a position where he owed 23%.

What feelings came up for Nelson at that time? Panic. And that is the truth. He did experience that fear. Thank you. What else?

Frustration. Yes, very good point. Regret. Anything else? Loss of control.

So he spent countless nights under immense pressure and anxiety wondering, how do I get myself out of this mess? Because at that time, and still to this day, there are no shortage, no shortage of gurus out there talking about leverage, utilize other people's money to acquire real estate. Have you ever been to a seminar that was titled what to do when the interest rate lever goes the other way.

Come spend nine hours with us and we'll teach you how to deal with that. No, it's all about how to buy more real estate, how to leverage other people's money. All the financial gurus are discussing that, but nobody's describing what happens when the early 1980s hit and what's going on right now. We have not even approached the storm front.

We haven't even approached it yet. But believe me, it's coming. It's coming. And much like the early 1980s, there are going to be many Canadian families that walk right into the bank, take the house keys, drop them on the counter, turn around and leave the bank. Defeated.

Nelson's joint venture partner. How many of you have dealt with or you know someone who's dealt with a joint venture partner in real estate? This joint venture partner was a very prominent attorney in the city where Nelson lived and worked. And this attorney had the option to file for bankruptcy. The attorney exercised that option and filed an assignment in bankruptcy. Nelson also had the very same option. He could have exercised that as well. He didn't realize that he had the solution to the problem right in front of him. He had already created a number of dividend paying, participating whole life insurance contracts in his own family banking system. He didn't think differently about the problem.

So what was the problem that he was experiencing?

He's a half a million in debt, 23 plus percent interest he wasn't expecting to pay, that he didn't have the capital.

The problem is. I want you to write this down. The problem is never the problem. The problem is how you think about the problem. Once Nelson.

Completed his thought process and realized that he had everything available to him to get himself out of that mess, he got to work on getting himself out of that mess. He was able to borrow against his system of policies.

The insurance company guaranteed that loan provision for him.

That same guarantee applies today right here in Canada.

When he called the insurance company and said, I want to begin accessing policy loans.

How do I repay them?

The insurance company said, any way you'd like. There's no repayment schedule, Mr. Nash. We place a lien on the death benefit of the insurance contract for the amount of the loan balance. You get to repay the loan on your terms. How did that make Nelson feel in that moment?

Relieved.

It took him 13 years to get rid of what he referred to as the snakes and dragons. He could have filed for bankruptcy at any moment. During that 13 year window, not only did he take care of his liabilities, all of his debts, not just the mortgage debt.

But he took care of the joint several liability of all that mortgage debt. So his joint venture partner filed for bankruptcy, Nelson paid off everything and he used his system of policies to do that. And so by the end of it, if you just, if you just think this through with me for a moment. So by the end of it, did he still have all of the insurance contracts? Now what happened every single day during that 13 year window, the cash value, the aquarium of capital in those policies grew every single day.

And by the end of that 13 year period, did he have all the real estate and was it positive cash flowing?

And so he could have filed for bankruptcy and gotten off the hook like that. Would he have had any of the insurance contracts?

Would he have had any of the real estate? But would he have been instantly gratified?

Instantly, I need to get rid of this stress now. Press the bankruptcy button.

Stress gone.

As he was working his way through this mess, he decided that he wanted to start teaching others how to get themselves out of that same predicament. Because do you think there were other families that were going through that?

Better believe it. This book titled becoming your own banker.

This book is actually the notes for Nelson in what he was teaching people. He never imagined that it would become a book. These were his own notes that he formulated to make sure he stayed on track A lesson I could learn from him. I'm not following any of the slides at all, but based on what I heard all of you say, I want to pour into you. I want you to feel like you're getting your objectives accomplished. Nelson said, this 92 page book was not written for me. It wasn't written for any of my teammates. It wasn't written for anyone else in the financial sector. This book was written for you.

Isn't that good? And what a joy it was to know him. I was blessed beyond the definition of good fortune. Back In February of 2012, I attended my first annual Infinite Banking Think Tank conference, which still occurs to this day. It's in February of each year and Infinite Banking practitioners from across North America converge for a few days and they share best practices in a community format and we teach and educate each other. And the first time I met Nelson, we exchanged pleasantries. I thanked him for the book and he said, y' all from Canada? I said, yeah. And in his southern drawl, without skipping a beat, he says, all right. I'm surprised you all could speak American.

That was Nelson. And I was blessed beyond the definition of good fortune to be mentored by him for so many years and I owe him a debt of gratitude. The only way I can repay the debt is doing what I'm doing today by sharing it with you and giving you a glimpse into the essence of just how remarkable this concept is. If you overthink it, it'll just take you longer to get to the realization that someone, some organization, must perform the banking function in your life, period. Nelson said. Often he said, jason, the message does not need to be sensationalized. It is ridiculously simple. Someone, some organization controls a pool of capital. Agreed. Is that simple? It's inconsequential that there are many different currencies. There are many different banks and financial institutions that are deposit taking. There's only one pool of money in the world. There's only one.

Much like there's only one body of water on planet Earth. There's no difference between the Atlantic Ocean, the Pacific or the Amazon River.

How do clouds get formed?

Moisture. And then what do wind currents do with clouds? And then what eventually happens? Precipitation. And what is the human body primarily comprised of? Water.

And what happens if.

That doesn't flow?

What happens if the flow stops? If all water on planet Earth stopped flowing?

All life on the planet would die. What happens if blood stops circulating through your body? You die. What happens if air stops circulating? You die. What happens if capital stops circulating through the financial system, the system collapses. Is that simple. And so whatever portion of that money pool is attributed to your needs, your individual specific needs.

If you take control of that as it relates to your needs, are you advantaged or disadvantaged? Regardless of what you want to do financially, here's what you're going to go through in your thought pattern. Do I become my own banker or do I put money into real estate? Do I become my own banker or do I put money into the stock market? Do I become my own banker or do I invest in Bitcoin? It's an as well as.

As well as. I'm going to become my own banker as well as expand my real estate investment activity. I'm going to become my own banker as well as select from a variety of stock that I want to invest in. I'm going to become my own banker, as well as.

Whatever that thing may be. As soon as you get if you fall into the trap of thinking it's an either or, you've missed the point entirely and you're complicating it unnecessarily. Keep it ridiculously simple.