Jayson Lowe addresses a common question: should one invest in gold/precious metals or become their own banker. His core recommendation is to do both — becoming your own banker is about controlling the banking/financing function for life activities (including investments) rather than chasing investment yield. If you control the banking function while participating in investment opportunities, you can achieve better outcomes than participating without controlling financing.
One of the more common questions that I receive is where someone's comparing an investment to the process of becoming your own bank. Should I invest my money in gold or precious metals, or should I become my own banker? And my response is always the same, do both. Because you can't get a better rate of return doing anything if you're not controlling the banking function as it relates to that thing that you want to do. The process of becoming your own banker is not about addressing the yield of an investment. It's not about investments of any kind. It's all about how you go about financial financing the things in life which can certainly include investment. So if you remember, everything that you do financially is measured against what everyone else is doing financially. And so if you can take control of the banking function by implementing a process and still take advantage of the investment opportunity, you'll come out way farther ahead than someone who just participates in that same investment opportunity, but does not control the banking function as it relates to it. And so, remember, this is not an either or. The process of becoming your own banker becomes an as well as.
