Nelson Nash explains how the Nelson Nash Institute vets practitioners of Infinite Banking through a 30-minute interview and required course. A radiologist doubled his retirement using the concept. Nash compares the approach to maintaining an airplane engine: you need the right tools and knowledge to keep it running.
Questions this video answers
30-minute interview
Bob Murphy
About $500 per year
Pilot: Sun Ting Wong; Copilot: Hui Tu Lor Fun
Chapters
And when we get 10% of the financial world to understand this, it goes viral.
People quit thinking the way they used to think then that's our mission. And that's going to involve lots of people that understand this and participate in this. And that's why we created the Nelson Nash Institute. It started out being the Infinite Banking Institute. But as human beings are and as agents in particular, there's the tendency out there to try to reinvent the wheel. And there's all kind of efforts that have gone on to rebrand whatever we're doing. Well.
We were advised by one of our practitioners that the food is that y' all named it wrong.
If you call it the Nelson National Institute now they can't replicate it.
All right? So that's why now if you're going to apply, you got to pass a, an interview. It's going to be a 30 minute interview on Go To Be. We want to know what your intentions are and why so forth. Do you get the. You meet the profile of what we're looking for, will you be compatible with what we're trying to get done? Do you see that this is not about just selling life insurance. This is about recapturing the backing function like it ought to be. And then you got to go through a course that was written by Bob Murphy, who is the most published Austrian out there today. All right, Then after you finish that, if you want to join the organization to support this effort, there's about a $500 annual fee to remain.
Active in the, in the effort. So that's what we're up to. That's what we're, what we're about.
The annual think tank as well. Yeah, well the think tank is a year also there's something else that happens two times a year that it's off campus type thing that you can benefit from also as well as being.
On the practitioner's list of, in the practitioner founders list on the website, coupled with the fact that you can get a very, very good education on our website, it doesn't cost you a thing.
Anyway. You're reading this article Stephen, in the last by the way, you can get this article off of our website. It's that.
But you finish the article, it says if you know what's really happening, you'll know what to do. Well, that's what this course is about, just thinking what's really happening. But they do it in paying mutual life insurance. Now in summary, creating your own banking system, the vehicle already exists. You do not have to reinvent the wheel.
All you gotta do is just buy the stuff. It's do it in pay at home life insurance. But to show you how screwball the thinking goes out there in the big wide world.
In our part of the world there's a magazine called Southern Living. There's a counterpart in the western part of the world. Western Sunset or something like that. I forgot what the name of it is, but Sunset Living is an outbreak of progressive pharma. There's a publication there in Birmingham that had been around for years and one of the top executives was a very good friend of ours and one day he calls me and says, let's go to lunch. And.
They were in the mindset of creating a new life insurance company and they wanted me to hit it and so forth. I listened patiently and then I just had to tell them that sir, there's no point in trying to reinvent wheel. We've got too many life insurance companies out there now that should be in existence. You know, at the end of World War II there's probably 400 companies. Then they got up to something like 3,000. Well, there's been attrition since that time and rightfully so because these are stock companies. Should never have got into business. I said all you got to do is just simply go buy high priced life insurance on all the cheap people. And so you'd be much better off just learn how to use what is already there. It already has all the administrators and so forth. You do not have to be the payroll. It goes against conventional wisdom. Now that is not native. That's a plus. Now Bob, back there when I was putting this all together, I had a radiologist client up in Coleman, Alabama, about 40 miles north of us. And he was coming along very well with this back in those olden days. But every time I go to have a review with him, Bob, his first question, who else is doing this?
I can't find anybody that would substantiate what you're teaching. Am I no longer? I say, well, what if you are? You're doing it right, they're doing it wrong. Praise God, you're lucky. Well, he stuck with it. By the time he retired, he had much more than double what he'd been doing before. Now he's retired and he sings my praises. But up to that time, Bob, the hardest thing I had in reviewing with him was tell the truth. Keep him between the ditches and from not listening to all the dang noise that prevails out there. But that's the world that we deal with. And the policy is Engineered to get better every year no matter what happens. We've already alluded to that many times. But, Mark, we can help them in the airplane world, can't we? Sure can. Let's get in 747, Mark, and we're going to Tokyo. I mean, it's a triple seven now, okay, but we want to make it more dramatic. That's four engines instead of set of two. All right, now, y' all been on 747, probably, yeah. All right. Big. About almost 400 people right now we're in San Francisco going to Tokyo.
And we get about 200 miles out of Tokyo. That the airplane is much more efficient than it was when we took off. Right, Mark? Burn up a little fuel. Yes, sir. Six pounds per gallon. But the engines are still putting out the same power, aren't they? So logic tells you it's going to get better every mile we fly, right? Pretty much. And you've got a weed eater, right? Three of them. Three of them. You gotta go home and buy one.
Now, Mark, we're going to climb out. We're going at 40,000ft because we're going west. Now, you guys don't know any better. You're going west. You got to eat to even altitudes. You're going east. You will eat. Yeah, Hard altitude. All right, now we're going to climb to 40,000ft, but we've been climbing about 20 minutes. We're only about halfway there. The captain comes on the intercom with a message. Folks, don't get excited about this, but I've got to tell you something. There's no need for you to be excited.
I'm required to tell you that number three engine is flamed out and we can't relight that tire. We've got to go back.
They can't land, can they? Mark.
How much fuel they burned off? They all hadn't burned all very much. We opened up, got 15 minutes and 20 minutes or so. You try to land with that much fuel on board, folks, and you're going to break it. You got the D fire you have ever seen in your life.
They got to stay all out over the Pacific and burn that fuel up or dump it in the atmosphere. And either one of those things just ticks Al Gore off something off.
Be for hello. Landing heavy gear. Now you know things airplane I keep up with, Mark. I don't know whether you do or not, but I'm sure you do. Are y' all familiar with the Asiana Airlines that crashed short of the Runway in San Francisco about 18 months ago. Yes, sure am. Yeah. Simpinity plus 777. You know, they finally released the name to the pilot and the co pilot.
The palace name was Sun Ting Wong.
And the copilot's name was Hui Tu Lor Fun.
Mark. And I feel sorry for you guys that don't drive airplane. All right, you finished the first part of the course. There are five parts to this. We will never get through them all. But we'll go as far as we can. And tomorrow we'll do some explanations of the illustrations and things of that nature coupled with few other things I think you need to know before we call this to halt.
