Roman Pushkar, an Infinite Banking Practitioner in Canada, argues that banks profit from your deposits while you earn nothing. He proposes participating whole life insurance as an alternative that lets you own and control your money instead of handing it to shareholders.
Questions this video answers
Roman Pushkar; Ascendant Financial; authorized Infinite Banking Practitioner in Canada by Nelson Nash Institute.
infinitebanking.org.
Becoming Your Own Banker by Nelson Nash; he says it is $25.
92 pages.
Three to seven business days.
That's why we need to clearly solve this problem of someone using your money for free and then making a lot of profit on it.
Hi, I am Roman Pushkar with Ascendant Financial and I am an authorized Infinite Banking Practitioner in Canada by Nelson Nash Institute. If you don't know what Nelson Nash Institute is, Please go to infinitebanking.org and you will get more information. And also there is a practitioner finder where you can search for authorized practitioners in your area. I also would like to recommend you reading Nelson Nash's book, Becoming your own Banker. This book is an amazing book that has changed my life and has changed many lives of our clients and anyone who practices infinite banking. Let's talk about how to say goodbye to your bank forever. And first question may be, why would I even want to say goodbye to my bank? Let's talk about what the problem is with banks, right? So in order to better understand it, let's use something that's called exercise of imagination. Nelson Nash talks about exercise of imagination in this book. So you have to better understand which problem we are solving. So let's imagine that we're talking not about banking business, but about something different. And let's compare it to politics. Parking lot business. You have a spouse, and your spouse has a car, and you also have a car. At some point you need to solve a clear objective of parking your car. And then your objective is safety, access to this car at any point of time. Also, it has to be pretty much reasonable in price, right? You find a good parking lot in your area not far away from your house, and then you drive to that parking lot, you pay a parking fee, and then you find a parking spot and you park your car there and you leave. Your wife also does that. And you do it many months and many years. And then at some point you find out that there is a sign at the entrance which says, it's a car rental business. And you're quite surprised because you've never seen rental cars in the area. Like, if there is a car rental business, why I've never seen any rental cars in there. So you come to the parking lot owner and you say, hey, Mr. Owner, I love your business, I love being your client, but where's the car rental business? And he says, this is a car rental business. I'm charging $50 for each car that I rent out. And you're saying, where? Where are the cars? And he says, I'm using these cars that you actually park. And you're quite surprised. You're saying, how come Is this even legit? And he says, it's absolutely legit because I have the right to do so. So when you drive to this parking lot, there is a sign, and in a very small fine print, it says that the parking lot owner has a right to use this car at his own discretion at any point of time. It's his own right. And by entering this parking lot, you actually accept the terms and conditions of this parking lot. And you're quite surprised because you do quickly math in your head and the math comes comes to $50 per day, which is $1500 per month, which is $18,000 per year. And from two of your cars, this parking lot owner actually makes $36,000 a year. And you're asking him, hey, Mr. Owner, why you never shared any profit with me? You're using my car and technically saying that if I at some point want to rent a car from you, then I may be even renting my own car. And he says, yes, absolutely, and you should pay $50 per day. And you're quite shocked. How come I'm using my own car and I have to pay $50 per day and I never receive any profit share from you? How come? Is it even possible? And this is exactly what the banks do with your money. When your paycheck goes to your checking account, then the bank gets your money for free, just like the car in this example. So the bank owner, which is a parking lot owner in this example, gets to use this paycheck for free. And he uses your money at his own discretion. And he makes a lot of profit off of your money. And without you realizing it, he becomes very, very rich. But you don't get to participate in this profit because he has stock shareholders who receive all the profit. And you never get a dime from this banker. Let me ask you this question. What would you feel when you find out this is a real case example? Like, right, Would you feel taken advantage of? Would you stay with this place, with this parking lot, or would you be looking for something better? And you may ask, hey, is there even a alternative to this? Is there a better place to park my paychecks to these banks? Yeah, I can maybe put it in a shoebox and use my cash in the shoebox. And whenever I want, I want to draw this cash fashion and use it. But the problem with the shoebox is that the money isn't growing there. And actually it is at risk because anyone can steal this shoebox from you and your wealth, your accumulated savings can be gone. So you want safety you want protection and you want growth in your money. Your money has to work for you, not for your banker. That's why we need to clearly solve this problem of someone using your money for free and then making a lot of profit on it. Let's say your friend tells you that there is actually a storage compound where you can park your car and then actually the storage compound pays you daily profit and you can access your car or any other car in the storage compound at any time. Would you not want to switch to a better place where you get a daily profit and you actually become the co owner of this component? Of course you would, right? Because your objective of getting safety for your car, getting easy access to your car and convenience of, you know, using all this system and also becoming an owner. And you are in control of, of this storage compound. So you get to control all the terms and you get to control who uses the cars. And you actually at any point of time can use your car or any other car in this compound. And if you are an honest car rental business owner, then you will actually pay the rental fee. You won't just take the car for free and then steal from your business. You don't want to do that. Actually, this example is in this book. Nelson Nash gives another example of the grocery store where you get to pay to the cashier at the grocery store just like you pay to the car rental business if you rent a car from your own business, right? In a real life example, there is a better place for your money to reside in, right? So instead of keeping your money at a bank, where the bank gets to use your money, where the bank gets to control your money, and if you need to actually access your money and you need to access maybe a loan from a bank, then the bank gives you repayment schedule. The bank gives you his own terms, he controls the situation and you have zero control. But you can actually do something better with your money. And this better place is called participating dividend paying whole life insurance policy. And this is an amazing product where you can become in control. You can be in control of your money, you can get daily growth of your cash and you have liquidity where you can access your money 247 and you can.
Fill out a simple form and send it to the insurance company and the insurance company within three to seven business days. We'll send you a check with the requested amount. So there is liquidity, there is growth and there is control. There's total ownership and control. So you get to become the owner of the bank, you become independent of someone else's bank where the banker takes advantage of your of your money. If you have any questions, please leave the comments below this video and let me know what you think about this example. If you like it. If you want to to learn more about infinite Banking, please ease to ascendingfinancial ca order this amazing book. It's only $25 and you can actually read it. It's 92 pages. It's an amazing concept and you can become your own banker and grow your money every single day.
