'I Own My Bank' (IOMB) has released a new guide to purchasing cars using a unique method inspired by the concept of infinite banking. The process was taught by R. Nelson Nash in his book, 'Becoming Your Own Banker.'
Mount Laurel Township, United States - February 28, 2023 /PressCable/ —
In the book, Nash underscored how whole life insurance policies could be used as dividend-paying assets. Now the new guide from IOMB takes this further and offers insight into how anyone can creatively leverage accrued equity.
More information can be found at: https://www.iownmybank.com/blog/b/car
With the new release, IOMB showcases a method that can change the way people purchase cars. This system allows individuals to take the funds from all the cars they buy, drive, and own and put that to work for them.
Rather than the traditional methods of car buying such as financing, leasing, and paying cash, this technique gives buyers the opportunity to seize funds and reinvest them. Financing and leasing involve interest payments to a bank while purchasing a car with cash means giving up potential interest income.
The IOMB Method gives drivers the chance to get back a portion or all of the money spent. It works by using specially designed whole life insurance policies as a form of banking. The cash value of this policy will accumulate interest and dividends, which can be accessed when someone takes out a loan.
By repaying the loan to oneself, the money then grows with continuous compound interest, even when a loan is taken out. All payments made to the loan become the individual’s money to be used again.
The concept originates from the infinite banking method created by R. Nelson Nash, who studied American spending trends and found that 20 cents of every dollar were spent on vehicles. The approach teaches three main principles - pay oneself first, pay oneself back with interest, and recycle and recapture one's money.
These steps empower drivers to take control of their finances, build wealth and purchase cars while gaining greater financial freedom and security.
A spokesperson states: "The great thing about infinite banking is that it can be used by anyone, not just the wealthy. By becoming your own bank, you can take control of your finances and start building wealth. Instead of paying interest to a bank, you can earn interest on your own money. It's a powerful tool that can help you achieve financial freedom and security."
Interested parties can learn more at: https://www.iownmybank.com/blog/b/car
Contact Info:
Name: Will C Ellis
Email: Send Email
Organization: I Own My Bank®
Address: 3111 New Jersey 38 Ste 11 #233, Mount Laurel Township, NJ 08054, United States
Website: https://www.iownmybank.com/blog/b/car
Source: PressCable
Release ID: 89091070
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