Jayson Lowe argues most people let banks control their money through automatic transfers and investments, then introduces Nelson's "infinite banking" concept as a way to take that control back. Nelson teaches by asking questions first, letting you work through the problem before he shows the answer.
How have I been arranging my financial affairs up to this point? In my lifetime, I earn an income from some source, an employer, an investment. And that income, 100% of it, flows onto the books of someone else's bank. Okay? That addresses the fundamental truth that someone must perform the banking function as it relates to your needs. In that scenario, it's not you. It can be, but presently it isn't. And the truth that your money must reside somewhere. Isn't it true that 100% of your income flows onto the books of someone else's bank? Presently? Of course that's true. And then from that place, you systematically begin transferring all that money away from you. With every debit card transaction, with every auto debt debit from your account for your loan servicing, for your mortgage, for your, your groceries, your cable bill, your cell phone bill. All of those transactions are a permanent transfer of money away. And then you have financial geniuses out there that say, while you're at it, could you transfer the rest of that money to Wall Street? Transfer the rest of that money to Bay street, transfer the rest of that money into a basket of mutual funds. Everyone else is getting all of your money. If you recognize that to be a problem, then the solution, the infinite banking concept, will actually matter to you. And that's one of the things that just. I was so impressed by the way Nelson would help someone to think about their thinking. He would introduce fundamental truths, and he would invite you to think about it. He would introduce the problem and invite you to think through whether or not that is a problem. And if we can agree that it's a problem, that is when he would introduce the solution to the problem, because it would actually matter to the person he was speaking with.
