A short YouTube segment in which Jayson Lowe defines the Infinite Banking Concept as a method for individuals to control financing for lifetime needs (property, vehicles, education, etc.) and to recapture interest paid to external banks. He credits R. Nelson Nash as the pioneer and endorses Nash's book Becoming Your Own Banker, noting it has sold over 580,000 copies.
More than 580,000 copies.
What exactly is the infinite banking concept? The entire essence of the infinite banking concept is to control how you finance the things that you need throughout the course of your lifetime. And so if you just stop for a moment and think, what are all the things that I've already or will likely be financing throughout the course of my lifetime? Property, investments, vehicles, weddings, education, appliances. The list goes on. All of those items that you finance, all of that financing flows through the books of someone else's bank. Through the device of this concept, you get to gradually and incrementally gain control over how you finance those things, while also recapturing the interest that you would otherwise pay to someone else's bank or someone else's finance company. The concept itself is ridiculously that simple. And as it was pioneered and engineered by my late mentor, the late R. Nelson Nash, who I was just blessed beyond the definition of good fortune to be mentored by for so many years, he reminded us of that so often. He said the infinite banking concept is ridiculously simple. It does not need to be sensationalized. And more importantly, it's meant to be caught, not taught. And so, for people watching, get your hands on this book, because it really will change your life. And the title of the book is becoming your own banker. This book has sold more than 580,000 copies for a reason. It works.
