Jayson Lowe argues that becoming your own banker means recapturing the interest you'd normally pay to lenders, not eliminating debt entirely. You control when you pay, including taking payment breaks, instead of following a lender's rigid schedule.
The value is not in eliminating the debt. The value is in recapturing the debt. But recapturing is fun and easy when you become your own banker, because now you have total and absolute control. You decide how much to pay back, when to pay back. You can take a vacation from your payments, but if you owe money to someone else, you can't take a vacation. You can't call the bank and say, hey, I would like to take a vacation on my payment. They don't care. But when you're the banker, you decide that.
