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

Using a tool to Become Your Own Banker #theinfinitebankingconcept #wealthwithoutbaystreet

16 Feb 2023 · 1 min

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Richard Canfield explains how a participating whole life insurance policy can function as a personal banking system, letting you store capital and borrow against it independently of traditional banks.

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Owning your own banker, there is the tool that is being used. It's a participating whole life insurance policy. And that's just a tool. I mean, if the tool was your, you know, the back of your toilet seat or under your mattress, that worked very well. That would be the tool that we use. But it doesn't take away from the process of becoming your own banker. And just from our experience in terms of the amount of policies and clients that we see on a day to day basis, we're structuring together all of the factors that align to the independent individual building their own banking system, decentralized away from that banking system that is built from the centralized banks so that they can store their capital.