Have you ever paused to ponder the legacy you're creating, the inheritance you're accumulating, or the lasting impression you're leaving behind? The thought can be heavy, even daunting - but it's a conversation worth having. With a focus on infinite banking and the inevitable death benefit that will be left to your heirs, we venture into the complex terrain of legacy and inheritance. For some, this is a familiar landscape, for others, it's a concept that's met with conflict. Either way, this episode aims to shed light on the obstacles that accompany the journey of leaving an inheritance.

https://www.youtube.com/watch?v=z4jwxj6lMEQ

Looking beyond the immediate, we explore the significance of long-term thinking when it comes to your finances. Drawing wisdom from Proverbs 13:22, we discuss the idea that a good person leaves an inheritance to their children. This principle, when applied to financial decisions, fosters informed choices that benefit not only you but future generations as well. With the help of Nelson Nash's five principles for creating a robust banking system, we delve deeper into the impact of long-term thinking on the process of wealth accumulation and how money, neither good nor bad, is merely a tool that magnifies one's character.

If you’re using Infinite Banking, you’re automatically building an inheritance as well. But inheritance is an emotional word. Maybe you’re opposed because it creates problems, feels like it’s too difficult, impractical, or overwhelmed by how to do it well.

Tune in as we talk about long-term thinking, generational wealth, and what’s really best for your kids.

How Infinite Banking Leads to Legacy3 Reasons to Leave an Inheritance1. The Bible Directs Us to Leave an Inheritance2. Long-Term Thinking Helps Us Make Better Decisions3. An Inheritance is Actually Good for Your KidsBook A Strategy Call

How Infinite Banking Leads to Legacy

Legacy: it’s the impact you leave behind. For many people, legacy is about what mark they make on the larger world. It’s what people remember them for; their memory. However, legacy can also be financial–and inheritance–and can impact your family not just for a generation, but for many generations when done properly. 

The wonderful thing about Infinite Banking is that with it, you’re actually creating your legacy in the background with little effort. While you’re building cash value, you have the death benefit waiting in the wings to be paid to your heirs. This financial legacy is the most efficient way to pass wealth from one generation to the next because you lose as little as possible to taxes, fees, and creditors. Meaning that you can keep your money in the family and provide a basis for the next generation to grow their wealth beyond what you accomplish in your lifetime.

Life insurance isn’t just for leaving a legacy to your family, though. It’s also possible to use it to leave a legacy to your favorite charities and institutions as well. 

Regardless of where your money goes, we all need a really powerful reason to motivate us to leave an inheritance. There can be a lot of feelings and emotions tied up in the idea of an inheritance, and some people choose not to leave one at all. If you’re on the fence about leaving a legacy, tune into our conversation as we talk about three reasons to leave an inheritance. 

3 Reasons to Leave an Inheritance

1. The Bible Directs Us to Leave an Inheritance

In Proverbs 13:22, the Bible states that a good person leaves an inheritance to his or her grandchildren. The interesting thing about Proverbs is that it’s all about principles to live by, rather than promises from God. It comes directly from the wisdom that God gave to Solomon, so it’s a great source of inspiration when you’re seeking clarity on principles to guide your own life and understand the world by. 

If you look at the rest of scripture, it becomes clear that generational lines are of paramount importance.