Richard Canfield explains why the Infinite Banking Concept only works if you use it regularly. Without consistent activation, policyholders lose access to money and miss the chance to plug small financial leaks. He warns that businesses often fail by adopting it too fast instead of taking a disciplined, paced approach.
Chapters
Just like eva, the economic value add principle. To be effective, the infinite banking concept must become a way of life. You must use it or lose it. And I think when people hear use it or lose it they oh well you're going to lose the insurance contract. You're going to lose no, you're going to lose the right to have access to the money. You're going to lose the potential that it could create in your life because you're not activating doing it. You're going to lose the little financial leaks that are taking place in your life because you're not being more focused on containing the financial energy. This all comes down to economic value add. What were the most common mistakes? And when economic value add didn't work for businesses they don't make it a way of life. Most managers try to implement it too fast. We see clients, they want to go too fast. Sometimes we're the ones slowing them down.