Richard Canfield explains the infinite banking concept, which lets you replace market volatility with contractual control over your money. He uses Blockbuster's collapse as an example of why betting on external systems fails, and argues the approach works for personal finances, family, and business decisions.
Chapters
Blockbuster used to be the way movies were until somebody created Netflix. And given that this is going online, I think the financial Netflix is what we would call the infinite banking concept. When you implement this process, you're not just opting out of volatility, you're replacing chaos with contracts. That is so important because you get to be the one that's making new financial decisions, that's making a few financial decisions, decisions in your life, your family's life, and within your business that don't depend on stock markets, tax bills, or whether the finance minister got a good night's sleep. So we can't fix the government, but the truth is, we can stop funding their damn dysfunction with our blind trust. Implement the infinite banking concept, or at minimum, at least investigate it. Understand the advantages of what it means to become your own banker. Because hoping for change isn't a strategy. Control is.