5 Golden Rules of Infinite Banking (Nelson Nash’s Timeless Lessons)

If you do not understand the problem, the solution just won't matter to you. And if your behavior creates an outcome that becomes a financial disappointment. How you avoid these risks altogether and how you set yourself up for long range success is that you follow R. Nelson Nash's Golden Rules. Golden rule number one, Think long range meaning think three generations past your own. Golden rule number two, don't be afraid to capitalize your system. Capitalizing your system means paying, paying premium, repaying policy loans with more interest than what the insurance company calls for. Third golden rule is don't steal the P's. Don't borrow without the intention of repayment. Fourth golden rule don't do business with banks. To the greatest extent possible, control how you're financing the things that you need throughout the course of your lifetime. And the fifth being to rethink your thinking. What Nelson meant by that you're approaching a new concept new to you. It's going to require a shift in your thinking.