Whole Life Insurance Instead of Banks!?

And again, now I'm giving up the growth potential on that money and it's gone forever. Forever. Get the banking process working for you. It is no mystery that the economy is going to the toilet. The value of the dollar is sinking. You need to get your money working for you every single day. Get that banking process working for you rather than against you.

Are you saving money in a commercial bank? Are you storing capital at the commercial bank? I'm here to tell you if you are. Stop. Stop right now, please. All you're doing is making other families wealthy off of your hard earned dollars. The banking process is working against you rather than working for you. But it doesn't have to be that way. Stick around to the end of the video and I'm going to show you exactly how you can turn the tables and have the banking process work for you and your family and create wealth for you and your family, long term, generational, without risk. Rather than sending all of your hard earned money away and having it just line the pockets and create more wealth for the owners of the commercial banking system. Your hard earned money is being put to work every single day. It's working day in and day out and growing and creating more and more wealth. The problem is it isn't working for you. It's working for the owners of the bank that you're flowing that money to and through. You're storing money in someone else's bank and that financial energy of those dollars and those deposits are being captured and put to work for other people, not for you. That is the problem. Well, I got good news for you. It doesn't have to be this way. So stick around to the end of the video and I'm going to show you how you can get the banking process working for you rather than working against you. What do I mean by you're creating wealth for other families? Well, let's just take a minute to think about the actual process of banking. Rarely do we actually think about the process of banking. And even less rare, if not ever, we never think about the importance that it plays in our life as it relates to our financing needs. Now think about banking for a moment. You earn an income, you, that income flows to someone else's bank and maybe you're saving some of that money and then you invest some of that money and then you go access that money to spend and achieve the objectives that you need to achieve for your family. But when that money gets deposited into someone else's bank, what does the bank do with your money? Do they just let it sit there and collect dust. No, we all intuitively know that the bank doesn't just let your money sit there. They can't. If they don't keep that money in motion, the bank will collapse. They have to lend that money out to create income streams, generate more profit for the shareholders of the bank. So where does the bank get their money from that they're lending out to people for mortgages and cars and lines of credit and consolidations and credit cards and all these other things? They get them from your deposits. A bank cannot make a loan without a deposit. Let's think about that for a minute. They're getting those deposits from you, the customer. You're capitalizing someone else's bank so that they can create wealth for the shareholders of that bank. We've been convinced that banks, excuse me, that we need banks. The reality of it is banks need us because without our deposits, they cease to exist. They're not lending out money and creating income streams without your deposits. That is how the banking process is working against you. Never mind borrowing money and paying interest and making payments and them having all the control, that just adds to the pain of what's going on and how the banking process is working for you, paying all that interest. Well, the fact that they're using your money to grow their wealth, that ought to be paying enough. Never mind again, paying interest to other people. But also you spend a dollar, someone's already earned off that dollar and now you spend the dollar and permanently transfer it away from your family. And now you're giving up the interest that you otherwise could have earned on that money had you been able to leave it into some sort of interest bearing account. So we're always growing and then diving down to the bottom and having to work hard and climb back out of that pit. Think about momentum for a moment. You're pushing a rock up a hill. If you pushed up a rock, a rock up a hill and you could press the pause button and end the day and then come back the next day and keep pushing it up the hill and then you get to the top of the hill and it rolls down and that is the momentum that is being created, right? That's what we want to do in life. We want to be able to build it and then get momentum. The problem with banking is that you're pushing the rock up the hill. You get halfway that day and then you need to achieve an objective. You need to access money, you need to create some kind of result with your capital. That's the equivalent of letting the rock roll down the hill and then starting back over again. Meanwhile, the banks, all day long, they were the ones pushing the rock up the hill for the bank. So I don't know if that gives you an analogy, a visual to think about, but momentum is what we want to create on our money, and we're constantly losing the momentum on our money while banks are building momentum on the money. Think about your money for a moment. If you've been lucky enough to deposit a certain amount of money and see it grow into a larger amount of money, it's pretty good, isn't it? It feels good to watch that money grow and to see what, what can happen. Now, normally we're taught to put our money at risk and we have to take a lot of risk in order to grow that money. So if you've seen money grow, you've probably seen money take a dive as well, just as a result of things that are outside of your control. Well, we want to create momentum on the money. Just think about all of the money that you've earned up to this point. Think about all of the money that you've spent for living expenses and financing vehicles and paying off debt. Could you write a check for that amount of money today? I don't think so. Well, that's the problem, is the money is always flowing away. Imagine what a dollar could do for you. I don't care what the rate of return is at all. But just imagine. Insert any rate of return you want. Half a percent, 1%, 5%. There's a misconception out there about rates. We think that we have to have a big, massive rate of return in order to grow money. That's not true either. It's all about an uninterrupted growth, an uninterrupted compounding rate. I don't care what the rate is. Nelson taught us the founder of the concept of becoming your own banker, R. Nelson Nash taught us that rate rates are nothing more than a distraction. 5%, 8%, 10% sounds real good. What about 1% compounded over 60 years? It's that uninterrupted compounded growth that's going to make the difference. The momentum on your money. Earning on top of growth. Earning on top of growth, Right? So think for yourself for a minute. The money that you spent on your, your, your light bill this month or that you paid for gas or groceries, someone's already earned off that money. What if you could be earning off that money every single day, uninterrupted and creating momentum without, or excuse Me without giving up access to the capital, still being able to access your money to achieve objectives, but also grow the money at the same time. Think about what that could do. I mean, I'm a fairly young guy. I've got a long window of time ahead of me. What am I doing today with my capital to benefit future Vermont and my family? Well, that's what the process of becoming your own banker is all about. And again, stick around to the end of the video and you're going to see how we can create what I'm talking about. We can have the banking process work for us rather than work against us. We can actually create a system that allows us to grow our money uninterrupted for the rest of time. It's powerful stuff. And now we can go and access that, some of that capital without interrupting that growth curve. So this is what the process of becoming your own banker is all about. I'm going to share a story with you right now of how I was able to get the banking process to work for my family rather than against my family. And there's a great playlist of videos here beside me that will expand on the points that I'm making here. I share this story often. It's about how I recaptured the debt on my own truck financing. Ford F150 that I purchased in 2019. I needed a vehicle for my family. I didn't have all the capital that I need built up in my policy system at that time. My system of policies to in order to finance the vehicle I needed to go the traditional route because we had a broken down vehicles and I'm not a vehicle guy. I just wanted low barrier to entry, a reliable vehicle for me and my family. I stuck within a certain budget and I said okay, Ford F150 2018 brand new vehicle. But in 2019, so I got a little bit of a break there and this vehicle was $299.37 biweekly. Very familiar with that payment because for the two and a half years that I made that payment, two and a half years out of eight that I made that payment, it was painful seeing that happen every two weeks knowing that I worked hard for that money and it's just flowing away just for the depreciating asset that we need here in North America. So it was painful. But what I did was I made the payment as low as I possibly could. So I have the vehicle. I stretched out the loan as long as I could, knowing that I was going to be capitalizing my system of policies over the next few years to build up value. Now, I was able to access enough money from my policy system via something called a policy loan to pay off Ford Credit Canada. And now what I did is I didn't stop the payments, you see, the biweekly payments of $399.37, I actually increased the payment, but I redirected that payment. Instead of it flowing away from me and my family, I'm able to flow that money back now to my own private banking system. I'm the one collecting and accumulating the capital while my cash value inside the policy system continues to grow and create momentum. This is an example of how we can create the banking or have the banking function work for us rather than against us. You see, we've been taught that debt is a bad thing, right? Well, debt is a bad thing when you're not the banker. There's four characters in the financial play. Every single time you want to do something financially, whether it's paying for your gas or your light bill or if it's financing a vehicle, there's always going to be a depositor, right? There's always, we're always depositing money in someone else's bank. So you're a depositor, I'm a depositor. There's always a borrower. So in this case, I'm borrowing money from the Commercial bank or Ford Credit Canada, right? And then now I have to make a payment on their terms. Well, guess what? That's the banker, the third character who sets the terms for that repayment. They're going to tell me the interest rate I'm paying, when and how often I'm paying and for how long I'm paying it. They're going to give me, grant me access to that capital. And who's making all the money? The fourth character in the financial play, that's the bank owner. Well, by implementing the process of becoming your own banker, the infinite banking concept, using a system of policies as our private warehouse to store our capital and fulfill our financing needs, ideally with what's called a mutual company, I'm now able to become all four characters in the financial play. Am I making deposits? Yes. Instead of depositing money into a savings account or a mutual fund or wherever you're storing capital today that's outside your control. What I do is I store money in the form of premium at a company that I co own company that's been profitable ever since they've opened their doors. I co own the business, so I deposit capital in the form of premium in my permanent participating, dividend paying, whole life system of policies. So I'm a depositor, am I a borrower? Absolutely. I'm a borrower. I can go access money from someone else's pool of cash, borrowing it from a line of credit or a loan or whatever and then having to make a payment in interest and flowing more money away from my family. Or I could access money from cash that I've built up and saved, hypothetically speaking, because I don't save money in commercial banks. But I'm just giving you an example. If I had a pool of cash, I could go withdraw the money from the bank and achieve an objective. And again now I'm giving up the growth potential on that money and it's gone forever. Forever. As soon as you spend a dollar, it's gone forever. Or I can go back. I have the ability to access money via a policy loan up to 90% of my total cash value, no questions asked. Because I own the policy. It's a legally binding contract that I own and I control. I merely have to make deposits. The life insurance company is on the hook to fulfill all of the other contractual benefits. So I can go access that money because that's one of the contractual guarantees. Access up to 90% of the total cash value, no questions asked. And then I can go and achieve the objective. So now I'm a borrower, aren't I? But where am I borrowing the money from? I set the terms, I set the repayment schedule. I'm borrowing money from my own policy. Borrowing, not withdrawing. So I'm borrowing against the value that's growing so I'm not interrupting that compounded growth inside the policy system. Well that brings me to character number three. If I own the policy, I'm now become the banker. I'm the one who decides whether or not I want to access the money. I'm the one who sets the terms. So I access money from my policy system, I pay off my truck with it and now I redirect the payments plus a little bit more because I'm just saving more money back in my own system. And I'm transferring the payments, the energy, more importantly the financial energy of those payments are now going into a business that I co own. And that company is putting that money to work to grow profit for me and all of the other policyholders, getting the banking process to work for me. I set all the terms. That makes me the banker. I set the terms of the money and the repayments and all the rest of it. I Want to pause those payments? I can do that because I'm also the bank owner. All of the money is being put to work for me and my family and the other policy owners within the business. But I'm also able to re access every single penny that I pay back. So I have all the control and I get all of the money and I get uninterrupted growth on that capital. This is how we're starting to get the banking process to work for us. I become all four characters in the financial play. I understand you have questions like how does this all work, Vernon? Can I just flip a switch or buy a product and all of a sudden tomorrow I'm going to become my own banker? The answer is no. You actually have to overcome some human conditions. You have to be patient, you have to think long range. You have to get over this instant gratification business. This is a process that's meant to be implemented over time. It isn't going to happen overnight. And you have to take some specific actions if you want to get started in this process. The very first thing is to educate yourself. Look at these videos and all of the content that we're sharing. Make sure you get your hands on a copy of R. Nelson Nash's book Becoming youg Own Banker. Unlocking the Infinite Banking Concept. This is the best teaching tool for the process of becoming your own banker. Anyone who's considering it and you have to work with a good coach. You have to work with someone who's an authorized infinite banking practitioner through the Nelson Nash Institute. And this person has to be focused on the process, not a product. Nelson made it very clear to us that we don't need a permanent participating, dividend paying whole life policy to implement the process of becoming your own banker. It's just the best tool that we've been able to find to implement the process of becoming your own banker. The process of becoming your own banker has nothing to do with a life insurance policy. It's just the best tool for the job. So if somebody's focused on the policy itself right away, that's kind of a red flag. I'm not saying that they don't teach you about the policy. We're obviously going to make sure you understand how the tool works. But if they're selling you a whole life policy rather than coaching you to implement a process, here's the policy, here's what it can do for you versus look how great this policy is. It's two completely different conversations. And yeah, the policies are wonderful. This person should Be able to show you their own system of policies and what they've been able to accomplish. Show you how they actually coach their clients to implement the process of becoming your own banker. The infinite banking concept versus again, just being really good with charts and graphs and showing you how to a policy works. And this is why this company is better than that company. And this is why this policy design is better than that policy design. Nelson doesn't talk about any of that in here other than telling you to do your very best to work with a mutually owned insurance company. But worst case scenario, work with a stock company. Nelson says you use the best tool that you have available for the job rather than, hey, it's got to be done this way. Now let's give you some things to focus on. Let's give you a visual. A lot of times there's questions about, well, let me see, you know, I want to see some numbers again, numbers do not matter if you are not clear about the problem. The problem is banking. You really need to take some time to understand the problem that is banking and the solution is becoming your own banker. If I can understand the problem of banking and I can understand that the solution is the process of becoming your own banker, that's when I can start looking at numbers and all the things that matter. That way you're buying a policy because you think the numbers look real good. You're not implementing the process of becoming your own banker. If somebody's showing you how great these policies are rather than coaching you on how we can actually use the policy system and implement it to achieve the process of becoming your own banker. You're not being coached on the process of becoming your own banker. You're being sold a product. Okay, again, I stand by these policies. They're great tools, they're great products. But a product is useless if it just if I don't know how to use it right. If you are given the greatest ride on mower on planet Earth but you don't know how to turn the darn thing on, it's not really going to cut any grass for you, it's pretty useless. So if you've got the greatest policy on planet Earth and it's been designed impeccably and all that stuff, but the person not showing you how to implement the process, it's pretty useless tool to you. Okay, so we need to have the right tool, but we also have to have the right coach to help us implement the process. So let me go ahead and just share my screen with you here. I'M going to walk you through the process by showing you how the tool actually works. Okay, you can see here I've actually, I'm just showing a policy here. I've redacted the important information. This is sort of part two to whole life insurance instead of banks. The most powerful debt weapon exposed. You can see part one of this video that I recorded back in November of 2021 at the link above. So it'll just add more context to what I'm sharing here today. I'm going to focus in on how do I actually use the tool. Rather than going in too much about how the tool is designed, I talk a little bit more about the policy design in video part number one. But you can see in that other video I share that, look, I own policies at stock companies, own policies at mutual companies. They're all great tools. They all have the same contractual guarantees. I'm not doing a commercial here for Equitable Life of Canada in particular. But in terms of the process of becoming your own banker, this is as far as I know, this is the only mutual company that we can use that has the right tool to implement the process of becoming your own banker. So the policies that are sold at Equitable Life of Canada make me a co owner in the business. That's why I place a lot of my policies at Equitable Life of Canada. I want to have ownership. I want every penny that I put into the policy system to get put to work for me and my family. So I'm going to give you kind of a snapshot of. You can see here some of the values within a policy system here. Let the cat out of the bag. This is one of my own personal policies. Even though I still redacted the information. I'm going to show you some specific values again. I'm not going to go too much into how the tool works. I'm going to show you the values page is what I refer to as my inventory. Most people store money in the commercial bank or they save it here, they save it there. I'm not talking about investing, I'm talking about saving. I'm talking about building your warehouse of capital so that you can achieve objectives. Investments are a totally different conversation. Everything that you do financially today begins with the foundation of banking. I cannot buy a vehicle or pay off a debt or invest in anything without the process of banking. And the only way for me to get a better rate of return on my investments or to eliminate debt quicker is to control the banking function as it relates to my needs. So I'm going to show you how I use this tool for banking. Okay? First things first.

Right now, this is just some numbers on a page, okay? You don't really need to worry about this thing called the cash surrender value. I'm not. That's a common misconception too. I'm not going to talk much about that. But I'll just tell you the only reason or only time the cash render value really comes into play for me is if I was literally going to think about that surrender, surrender the policy so I could care less about cash surrender value. Okay? I care about the total cash value. And the main important thing that I care about here is my loan availability. Now, loan availability sounds bad again because you think, oh, it's a loan, I got to pay it back. And think about the process of banking. If I borrow money from someone else's bank, yes. I have to pay it back on their terms and send money away. If I borrow money from my own system, I can pay the money back on my own terms. And who gets all the money? I do so think differently about this process in the word loan. If you own the debt, it's not a bad thing. So first things first. Now unfortunately, with these illustrate or these, sorry, these policy summaries here, these values that you're looking at, what you can't see is the date on the form. So you're just going to have to take my word for it. Okay? This is from December 1st, 2021. Okay, I'll just let you know that obviously I'm going to give you a kind of a snapshot, but a day in the life of the McCarty family banking system here. Now I'm going to go to, I want you to pay attention to this number, loan availability, okay?

If I go to the next day, this happens to be December 2nd. Okay, 2021. Oops. 2021. Now let's see what happens to my loan availability. Oh, it went up. So Yesterday I had $570 30, excuse me, 84 cents that my family could access to use for something. So imagine that this was just a balance in your checking or your savings account. If you had $570.84 in that account, what would happen the next day would that happen? It would not increase in value. It just sit at the same value. Okay? Now let's just chug along here. I'm showing this for a reason. This is the third, okay? So the next day.

Cash has gone up. I'll expand a little bit on how and why is this happening. The act. So access to money, this is what my family can actually access and use. Okay, let's go to the next day. So now we have. I popped up a couple of days ahead. This is the 6th.

The 6th of December. So what was it? This one's the 3rd, this one's the 6th. That's why there's a little bit bigger of a jump that took place there. Now I'm building up to a story. This one is a little bit different. This is called a report.

Okay? This is a full report in the policy. Up until here, I've been showing just the values page. And the reason why I'm showing you the values page because I want you to see the values increase. There's something down here called guaranteed cash value. The guaranteed cash value is accumulating every single day that I take air into my lungs or the life insured takes air into the lungs so that the total cash value, okay, will equal the total death benefit by age 100. So this policy, the death benefit's around, it's a little over a million dollars. Okay, just for context and I'll show you some of these additional details. Don't get caught too much in the numbers. Everything's going to change. This is just a snapshot for one specific policy that's in force today on a person that's 37 years old. Your number might be different depending on how much premium you put into the policy, how much death benefit we buy. That's another common misconception, by the way, that I want to point out here. People focus a lot of time and energy on the tax, the product itself, okay? And they say, hey, you want to get the lowest premium that you can and you want to get the most amount of additional deposits or capacity. Again, my friends to the south in the us, God bless them, but they focus a lot of energy on the premium and the tool. They forget the message. This is just my experience. People forget the message that Nelson taught us. He doesn't say anywhere in his book about getting the lowest premium or base premium you can and the most paid up additions, rider or term insurance, rider or additional deposits in the policy. It's absolute, absolutely ridiculous if somebody actually understands A, the process of becoming your own banker and B, how these tools actually work. Product heavy focused is just, pardon my French, but backwards way to coach people to implement this process. It's all about making deposits into a system that we own and we control. The more I deposit into the system, the more cash value is going to grow and accumulate on a daily basis and the more that will be available to me to borrow today. And I'm going to expand on that. I just want to give a little bit of context here when I can, because I'm going to talk, like I said, a little bit of product stuff, but I'll try to relate it back to the process of becoming our own banker as much as I can. But I wanted to add a little bit of context for how the policy is designed, because I run into a lot of people who are like, oh, can we design the policy this way and that way? And maybe we could do a 9010 where it's 10%, what's called base premium, and 90% overfunding, because that builds more cash value. That's not true. It's just not true. Every dollar that we put into the policy is building cash value. It's just building cash value in different ways. So I'm going to expand on that here with my report. First things first. Yeah, I showed the show the guaranteed cash value. Let me show you this report here. The reason why I did the report is because you can see this policy premium here. You see it says annual premium. For some people, this is a big number. For me, it's not a big number. I want to add more and more policies because guess what? If I earn 88,000 bucks a year, that 88,000 bucks is already being deposited in somebody else's bank. I'm not saying if you earn 88,000 bucks a year, you can just go and get a policy for 88,000 bucks. It doesn't work that way. There are rules to how we can implement this system and how much premium we can put in and all that. That would be something that you'd want to get together with a coach individually to speak about your specific situation. So don't read into this too deeply. I'm just giving you a snapshot here of what's possible, but I wanted to point that out. People think about paying premium into a policy as a cost. It's not a cost to me because, again, I'm already depositing every single penny that I earn into someone else's bank anyway. So this is a policy that you know. This is a policy that you build up to this point. I don't care if your number is higher than 80,000 bucks a year or lower than 80,000 bucks a year. The policies, the way that they grow and they work, they work exactly the same. The numbers are just different. So you build a policy. If it's 5,000 bucks a year, the first Policy I started was less than $2,000 per year. And then I just added more policies over time. And as I earned more income and as I achieved more objectives and freed up more cash, we just add more and more policies to the system. So this one just happens to be $88,000 per year. It's the maximum premium that can go into the policy. Now, every policy, regardless of what company that we are working with, are going to have something called a minimum premium.

In some cases, this minimum premium can be lower. It can be higher. This is one of the things that gets people very, very distracted. There is a. A really bad common misconception out there that says, hey, the lower we can have this base premium, and this is additional optional premium that we can put in. This company calls it E as an accelerated, D as in deposit, and O as an option. Regardless of what company we're working with, it's all the same. It's just an additional premium that we can put into the policy that adds up to our total. And people think the higher this is and the lower this is, the more cash the policy is going to produce and the better the policy is going to be. And that's absolute garbage. It just tells me that the person doesn't understand how the tool works and they don't understand the process of becoming your own banker. So I'm going to break a little bit of that down while we go through the policy. Why is mine designed this way with this, or why is this one designed this way with this kind of ratio? I'm going to show you exactly what these numbers are doing. Okay? This base or required premium is what's actually paying for the base plan of the policy. The starting death benefit of this policy is $1,033,520. So what's happening is there's actually cash value accumulating on this total every single day, such that the total death benefit and the total cash value match by age 100. So every single day, the life insured takes air into their lungs, there's cash value accumulating. It's only going in one direction such that it matches this total death benefit by age 100. So the question for you is, okay, where is that coming from? It's coming from this base premium right here. Okay. This base premium is what is actually creating the starting death benefit of the policy. If this is what's driving.

The daily growth.

In the policy, the lower this number, the lower my daily growth is going to be. So do you want cash accumulating every day toward $100,000 of death benefit or do you want cash accumulating every single day toward a million dollars of death benefit? The larger death benefit I purchase. Yeah, the base premium is going to be larger. Now you have to get a policy that fits your needs. $22,000 a year as a base premium might be way too low for you, it might be way too high for you, but it's all about what works for you and your situation rather than, hey, here's how the policy is designed. Let me show you how we can get this drilled down to 2,000 bucks and get this drilled up to 47 million. Okay, that's, that's just garbage. Okay, so the base of the policy is driving the daily cash growth and I want more cash growth personally because that's going to drive the long term efficiency of the policy, especially when we start talking about policy loans, which I'll get into in a little bit here. Okay. Now normally I don't go this deep on the tool itself, but I think it's important to create context. Let me show you what's happening with all this, the premium dollars. So this additional policy premium here in this example, I actually have 12 months.

Every year. Every policy year I'll have 12 months for this particular policy design, I'll have 12 months to deposit this additional total premium. Okay. I don't have to put it all in at once, which in this case, this person didn't put all this policy premium in one at once. And I'm going to show you how that works. We have 12 months to either lump sum or chunk this premium in. Now ideally, in a perfect world, we're actually making one a one time deposit annually, every single year. We're going to deposit the maximum premium every year at the beginning of the policy date because then we have 365 full days for that cash value to accumulate. But if I have to put it in in chunks throughout the year, it's more important that I get it in than how I get it in. But I'm just pointing out that in a perfect world we're going to make one lump sum deposit. Now what does this additional premium do that we're depositing into the policy we already covered? This starting premium here creates my beginning whole life amount. And in this case, because this person had a large need for death benefit, not because they wanted to get the premium structured a specific way, they had a large need for death benefit, we added the 10 year term rider to the policy of $3 million. So I add 3 million of term to my 1 million and change of whole life. That means the starting death benefit is just north of $4 million. Okay? So if the person passed away, then there would be $4 million tax free. That would get paid out. Now, a lot of times people are adding those term riders just because it's going to add additional deposit capacity to the policy. That is not a very good reason to add a term rider. You should have a term rider on there for a purpose like death benefit. Now, it just so happens that when I add a term rider to the policy, it allows me to deposit additional capacity here as additional premium if I'm approved medically and financially to do that. Okay? So I just happen to have a little bit of extra capacity into the policy because it's all depends on how much death benefit we're purchasing. It's important to design the policy for a purpose that actually matches your needs. Okay? The person needed to have $4 million worth of coverage. So that's why we want to put the most amount, obviously into the whole life. But then based on their budget, we top the rest up with term insurance. Now, with this term insurance, we get a little bit of extra deposit capacity in terms of premium into the policy, which I'll explain to you what it does. Basically what the insurance company will do in this example, they'll give us up to the amount of whole life. So let's just call it $1 million. $1 million out of this, $3 million of term will be kind of like a credit. For lack of better terms, it'll allow me to deposit more into the policy. So if there was no term rider on the policy itself, this number that I could put in, and I'm just making this up, this isn't an exact science. It might be closer to like $30,000. Okay? But as soon as I add the term rider up to the equal amount of the whole life, it'll increase the deposit capacity. But if I put a $10 million term rider, it's not going to increase the deposit capacity anymore. Or if I had to bring it down to 2 million, it won't bring it down any less. But if I bring it down to below the whole life amount, so the whole life amount's a million. If this term rider comes down to like 500,000, then yeah, the additional deposit capacity would be lower. Okay, so just a little bit of context. Now, what do these premiums do? As I said, the base premium is paying for the base whole life policy and creating daily cash accumulation. Now, when I take any amount of money from here and I deposit into the policy as premium. What it will do is it'll immediately purchase paid up additional death benefit. This is actually death benefit. So the new permanent death benefit is actually this 1,033,500 plus this amount. Now there's cash value accumulating toward this total such that it matches by age 100 every single day. But the person is 37 years young. So it's almost like this new death benefit that was purchased in the policy was purchased at age 0. So they need to get caught up to age 37 on that pool of death benefit to get on track so they can keep piling cash up every single day to match by age 100. So there's going to be an immediate influx of cash value in the policy right away to allow us to start borrowing money. So that's where people get that common misconception where they think, hey, the higher I can get this number and the lower I can get this number, the more cash value it's going to build. It's just different types of cash value. This one's driving daily growth, which is really important for the efficiency of the policy and to make sure that we're always net positive in terms of daily accessible growth on top of the interest that's accumulating on the loans that we borrow, which I'm going to expand on in a moment. Okay, so let me show you if I go back here to this day, you can see here that on December 6, the total premium deposited into the policy up to that point was only.

The base, the base whole life and the term rider amount, you see, There was only 22,001 14 and 77 cents. But now with this report, let's see what happened on December 7. If I scroll down.

To total premium.

Well, if we take our 22,114 and 77 cents and subtract it from 34,005, 18, that means that there was a deposit of, I don't know, somewhere around 12,000 and change was deposited into the policy. And what that did, that deposit was what purchased these paid up additional death benefit here. Okay, so we're immediately purchasing more death benefit, increasing our legacy. If I get smacked by a bus, God forbid the life insurer gets smacked by a bus, a lot more is going to come out than what went in, you see. So that's really good. Well, now we also have cash value building every single day. You can see I take my cash, we put the cash in the policy, that purchase is paid off death benefit and the death benefit is actually what's creating cash value. So now you can see the loan availability. From 6 December.

It went from the 672, 78 because it was only 90% of this guaranteed cash value that was creating the loan availability. Now we deposited more policy premium which purchased more death benefit, created more cash value, which dramatically increased our loan availability. This is what we have to do to capitalize the system to get the energy growing and rolling inside the policy. We got to get the entity started. We have to put more cash in the policy than what we're taking out right away. It's like a new business that you're starting from scratch. Now that I've put some fuel in, I'm not concerned about personally, I'm not concerned about how much I put in. I'm concerned about what's there and available for me to use. Okay, that's where we have to start again, changing our mindset a little bit now that we've got our banking business started. Here's my inventory. This is what I can access. Now what happens moving forward? This is the seventh, this is the eighth. Look at the cash value or the loan availability. That's what I'm concerned about. It's because this number is going up. It went up by.

Whatever that is, 87 cents. Well, what happens to the guaranteed cash value? Let's look down here. On the 6th, on the 7th it was $770.18. The very next day it jumped to $792. This is because the base premium was that 22,000 plus 22K. It's because we have over $1,000,000 of death benefit. That's what's driving the daily growth inside the policy, the efficiency. So if someone's telling you to get the lowest death benefit possible or the lowest base premium, guess what's going to happen to the daily cash accumulation. Not saying that's necessarily bad, but if my daily cash accumulation was only, or excuse me, if my death benefit was only 100,000 instead of a million, my daily cash growth is only going to be 2, $3 a day instead of 21 or $22 a day, you see. So that's pretty important. Now let's keep going here. Fast forward a little bit.

Here's what I wanted to show. So this is the 10th of December. So here's the 8th. There's our loan availability. All of a sudden, the 10th. Look what happened. We have a policy loan.

So the person went and borrowed $10,000 out of the policy. Well, there's left behind is 2, $266.21 which could be accessible. Right. So you can see that even that base grew in that amount of time. Now let's see what happens over the next couple of days with this loan.

I scroll down, you can see that the loan, oh this is the loan was Accessed on the 10th, this is the 13th.

What happened to the loan balance? The loan balance went up by a little bit. It went up by $5.10. That's interest being paid to the insurance company. Right. The company that I co own. The premiums that are the loans that we repay in the interest contribute to the dividends that are building inside the policy system. It contributes. So the more and more energy I send to the insurance company paying back loans, paying interest, the more money they have to put to work and the more myself and the rest of the policy owners are going to benefit by receiving dividends every year, our share of the divisible profit. So it's just pumping more fuel into a business that we co own. Equitable Life of Canada in this example versus the commercial bank that we don't own. So you see how we're starting to make the banking process work for us. But what happened to the base loan availability that I had? See, everyone gets hung up on interest. Not only can I re access every single dollar I pay back to the policy loan, including the interest, I can also access the daily cash growth. If my interest on the loan is growing by a couple of bucks a day and my daily cash growth is only a couple of bucks a day, well, I'm not going to be net positive very much. Even though I'm going to be able to re access all this interest, I still want to be net positive. I want my base to be growing efficiently so that there's actually more and more capital for me and my family to access. If this is only going up by a dollar a day, that's not very exciting. But 20 bucks a day, that kind of gets me out of bed in the morning. That gets me excited. So you can see a few days have gone by from the 10th to the 13th, my loan availability went up net positive of like 50, almost $60. Whereas my availability, or excuse me, my loan balance, the interest on the loan only went up by $5 after three days. So I'm going to pay this back and get re access every single dollar, dollar for dollar as I pay it back. But in the interim, I want to make sure that my, my base is growing efficiently so that as I pay that loan back, I have access to more cash. In fact, let's take a look at what happens here. The loan balance is going up, but the access to cash is going up by a lot more than what my loan interest is going up by. That's powerful.

There we go. This is the 16th. So again, you can see the loan balance going up. But by the way, is your checking account doing that or even a line of credit? If you have a line of credit and you borrow out a certain amount of money from the line of credit, is the balance that you can access increasing? No. And if it were, it would just get you in more trouble because you have to pay back all that money to someone else's bank. But even your bank balance. Think about your bank balance for a moment. If your bank balance had 10,000 bucks in it, and you access that 10,000 bucks and spent it on something, when you wake up tomorrow, what's the balance going to be? Zero. I just showed you that we're accessing $10,000 of a policy system, borrowing it out, paying interest and all these things. But I still have access to more cash. Net positive. Can you borrow money or spend money or achieve objectives anywhere else that way? Yeah, I put more in than we can access right away. But we're thinking long range. After five or six years of pumping money into this policy, there's going to be a lot more cash in the policy than what we put in. And our deposits from that point on will never catch the cash value. So we're always able to access more out than what we put in. It takes time, but we could start banking immediately. We could start accessing policy values and achieving objectives and paying off debt. Imagine I could access that 10 grand and put it on a line of credit. Now my line of credit balance is coming down. My cash value is continuing to grow. My minimum payment came down with it. Now my minimum payment that I saved, plus anything extra I normally would have gave to the line of credit, I'm pumping that right back into the policy and repaying the loan so I can go back and recycle the money and reborrow it again. Plus all the growth. I'm eliminating a liability while I'm building an asset is like, so powerful. This is the 16th.

Early in the morning. This is the 16th later in the day. What happened? So let's look at our loan balance on earlier in the 16th. $10,010.19. And we had $383.06 to borrow. Well, now our balance came down by four or five hundred bucks and our loan principal went up. So we could do the math. You could take this number and subtract it from this number. And what number would you get? $431.26. Because a loan repayment was made. So the balance of the principal balance comes down and the loan availability goes up proportionately. Just like if you were going to deposit more money in your own savings account. If you deposited $431, some odd sense into your savings account, your savings account balance, your access to cash would go up by that much. But I sent that $431 to a company that we co own and they're putting that money to work to grow more profit for us. Now this is the 17th. So again my 4, 4, my 814 and 32 went up to 833.86 overnight or I guess over. Over. Yeah, overnight. And Then here's the 17th again later in the day there was a couple of payments made to the policy loan a couple of days apart. So you can see that the loan balance came down and the loan availability came up. And then you can see down here loan repayments. So prior to that it was 431.

So this person is practicing banking. They're paying money back to their own system. You see that? So they paid back $1102.62 of the loan principal so that they could recycle the money, pay that loan back, send that financial energy, prioritize premium and loan repayment over any other use of money and then you can go back and re access the money. Because I want to pump that financial energy into the company I co own versus having it go to somebody else's bank. Right. And they have the financial energy. We're recapturing the financial energy by sending it to a company we co own. So now I just wanted to show again, this is the 20th, so this is actually the day that this video is being recorded. December 20th, 2021. You can see that December 17th was a Friday. Look at the loan balance, the loan availability rather. Loan availability was 1505, 22. Wake up on Monday morning and it says 1564 and 20 cents. Just cash growing because the life insured is taking air into their lungs every single day. Is this giving our family more and more access to capital? What would happen if we go back to our report here. So there's 12,000 and something that was deposited here toward that total. What happens if we deposit another 10 throughout the year? Or the full, you know, 54 or so that's left all that's going to happen as we deposit more and more cash, equaling this total. It's just going to create more paid up additional death benefit in the policy. So we're increasing our legacy and the daily cash growth is going to increase a little bit because remember there's daily cash growth accumulating toward that total as well. But it's also going to create a more of an influx of immediate cash. Because we make those deposits, it's going to purchase paid up additional death benefit. When it purchases death benefit, the policy has to create cash value. If it creates cash value, it's also going to increase our loan availability. So you're already making deposits in someone else's bank. You may as well start an entity, start your own banking system, a company that you co own so you can build a death benefit. God forbid something happens. See, a lot more is coming out than what's going in. But every single day that goes by, there's more and more momentum being built on your cash, more access to cash for your family to use. The time's going to go by anyway. And once we get beyond what Nelson called the capitalization period, six or seven years into the policy, there's going to be a lot more cash in the policy than what you put in now. A word of caution about the capitalization period. Nelson's just talking about how much time does it take for the policy to really build momentum. It doesn't mean you stop putting premium in after four or seven or eight years. I keep putting premium in because the more I put in, the more it will grow. So the capitalization period is just referring to getting that energy building inside the policy and the momentum. Three specific things that you can do right now to start getting the process of becoming your own banker role and getting it working for you. The first step is not getting a policy, not depositing premium. It's getting educated. So make sure you check out the playlist here to my left. There's a ton of good resources on the banker's vault. Subscribe to our channel. My colleagues are always posting great content to empower you and your family, giving you more tools to learn about the process of becoming your own banker and how you can get the banking process working for you. Step number two, get a copy Arnelson Nash's book. Even if you're not a big reader, it's a great tool for you to have. You can reference the book, you can open up to any page in the book and there's wisdom there. You don't have to be a great, you know, fast reader. Oh, I prefer listening to audio or video. Me too. I like to listen to audio, I like to listen to video. But this is one of the most handy tools that I have and I refer to it very, very often. It's the best teaching tool to implement the process of becoming your own banker. I recommend anybody who's thinking about implementing the process to get a copy of Nelson Nash's book. You can go to our website, SenateFinancial CA and we'll ship a copy anywhere in Canada. And step number three is to, well, I would say get in touch with our team. You know, there's gonna be a link in the post description below that will allow you to get in touch, ask some questions. We are authorized infinite banking practitioners. We're the best in Canada at this implementing this process. But you don't have to do business with us. Just make sure that you're working with somebody who's an authorized infinite banking practitioner through the Nelson Nash Institute. You can go to infinitebanking.org, go to the Practitioner Finder and you can look the person up who's telling you that they're.

Nelson Nash Infinite Banking Practitioner. Now the other thing with that though, I must say, even if they're a practitioner at the Nelson Nash Institute, have them show you their system of policies. What have they been able to accomplish? Make sure that they're somebody who is walking the talk and practicing what they preach and practicing what they teach. Okay, so that's three specific things that you can do. Now. I implore you to investigate this process. Educate yourself. Get the banking process working for you. It is no mystery that the economy is going to the toilet. The value of the dollar is sinking. You need to get your money working for you every single day. Get that banking process working for you rather than against you. And you're already working. You're already depositing your money. Up until this point, you didn't realize that that was working against you. Now that you know, it's time for you to take action and redirect the flow of that financial energy into a system that you own and you control into a company that you become a co owner in so that the banking process can start working for you rather than against you. Make sure you check out that video above that I mentioned earlier. That's part one of this video. And get in touch with us if you have questions. Make sure that you reach out to Ascendant Financial and get into one of our great teammates calendar so that we can help you determine if the process of becoming your own banker is going to be a good fit for you. All the best. Take care of.