Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Infinite Banking is Different than a Conventional Loan | David Stearns

14 Nov 2024 · 1 min

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David Stearns explains that the 'infinite banking' asset is different from a conventional loan and should be thought of and used differently — differences include interest handling and internal rate of return. He frames this from two decades of experience and adds a personal note remembering Nelson, who died in 2019.

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Hey, the last time I checked, if you. If you wanted to buy a house and get a conventional loan, you. You really. It wasn't really smart to go get a loan for the 20% down payment because you probably wouldn't have the. Your mortgage approved, right? Well, I was wrong, because this asset is different, okay? It's different than a conventional loan. There's many things that are different about it. The way they handle interest, the way they handle internal rate of return. Everything's different. You got to think about it differently and use it differently. So anyway, so that's, you know, that's. That's where I'm at. I've been doing, you know, doing this, you know, for 20 years now. And Nelson, we lost Nelson in 2019. And so it's been. It's been a little bit lonely since then. But Nelson rings in my ears 24 7. And every time I have a conversation like today, he's listening to it. I can hear him whispering in my ear.