Richard Canfield explains family banking, a strategy to reduce dependence on traditional banks by using insurance-based financial structures instead. He argues this approach gives families control over their money, preserves capital, and enables transactions while thinking three generations ahead.
Chapters
And you started to picture okay, what's the family, what's the legacy, what's the things that you actually want to do and accomplished and you and you made goals and targets in relation to those things. The actions you took today would begin to adjust through that mindset and through the intention that you set about what that three generational outlook is for us. The idea of family banking and seceding from a system that we, you know, generally don't believe is there to support you as quickly as reasonable, you know, disconnect, unplug ourselves from at least to some degree the banking sector and system that isn't designed to support your initiatives as a human being and plug into another system utilizing the backbone of a framework built on insurance with insurance companies who don't fractionalize the money supply so that we can begin to still incorporate the day to day transactional aspect of banking but be in the driver's seat of all the decision making process.