The ABC's of IBC

A heart felt thank you to all of our listeners over the last year. Doug will be stepping away from the show as life has gotten abundant with work and children. We have thouroughly enjoyed this opportunity to grow together as friends and talk about our favorite subject on air with a wonderful and engaging audience.

Please feel free to reach out to either John or Doug at any point with any questions on the Infinite Banking Concept. Although the podcast is no longer continuing in its current form, they will both be continuing to work to help others better their lives by breaking free of the traditional banking system and of wall street. 

God Bless! 

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

Join us as John shares a touching storing about the passing of his close friend while tying in the importance of having life insurance. Regardless of what happens in life, this story outlines why having additional protection for your loved ones is always a good thing. 

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

In episode 54 titled "Your Right To Choose Free Will", we discussed a passage from Becoming Your Own Banker where Nelson quotes the work of Jackson Pemberton. It just so happens John was able to track Jackson (Jack) down and bring him on our show. Jack has a storied history and it was a pleasure to discuss that as well as his foray into Infinite Banking. We hope you'll enjoy the conversation as much as we did.

Please see below for some links to Jack's work:

https://fee.org/articles/a-new-message-iii-on-the-constitution/

https://covenantsofthefather.com/about/

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

“This book demonstrates that your need for finance, during your lifetime, is much greater than your need for (income) protection. Solve for this need through this instrument (called the Infinite Banking Concept) and you will end up with more life insurance than the companies will issue coverage on you (from the outset).” - Becoming Your Own Banker, Nelson Nash Page 3

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

In his book Nelson Nash uses the analogy of a story written by Jackson Pemberton, entitled “A New Message on the Constitution.” He stresses that “you are not the slave of government.” The Constitution is your servant and the master of your government. It is not only the law by which you are governed, it is the law by which you may govern your government.”

The same goes for the banking function in the economy. He points out that most people abdicate “their opportunity/responsibility” to another character on the world stage, and shows how that character in the play is making most of the money. He goes on to say “succumbing to these feelings, produces a huge burden on your financial future —- the price must be paid.” He is plainly stating your whole life insurance contract is the “constitution” by which the life insurance company (trustee) must serve you as the beneficiary. You have a choice…take control of or be subject to the whims of your master’s desires. Become your own banker!!!

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Don't steal the peas! If you've read Becoming Your Own Banker, your probably familiar with this adage. In today's episode we delve into the true meaning of this and discuss the importance of "being an honest banker"

"If you understand the grocery store, the rest of learning how to be your own banker is “a piece of cake!”

Becoming Your Own Banker - R. Nelson Nash

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

"The only thing that limits how much (money) you can get to is the same they tell you at the bank when you ask them, ‘how big of a check can you write’ —- how much have you put in?” 

Becoming Your Own Banker - Page 13 - R. Nelson Nash

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

"When taxation becomes onerous to the point where government officials sense rebellion, they always resort to the exceptions to the rule. They invented “Qualified” pension plans, 401(k)s, and IRAs. Can you believe it! The lawmakers create a problem by spending money that they do not have which results in strangling taxation —— and then they create a solution in the form of an exception to the rules they created. The natural result of such a process is a system in which the government controls everything you do, and they can, and will change their mind upon the slightest whim of the times. And they keep changing the rules so that it looks like they are trying to ‘help you out’.”

- Becoming Your Own Banker - R. Nelson Nash

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

A note on social security sourced from zero hedge:

"The program's payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to the latest annual report by Social Security's trustees, the gap between promised benefits and future payroll tax revenue has reached a staggering $59.8 trillion. That gap is $6.8 trillion larger than it was just one year earlier. The biggest driver of that move wasn't Covid-19, but rather a lowering of expected fertility over the coming decades." - Stark Realities “Note that spending the money to teach Susie “banking” through the use of dividend-paying (whole) life insurance instead of sending her to Vanderbilt and then to medical school: 1) eliminates the need to establish a retirement plan of any kind 2) eliminates the concern for whether Social Security will survive or not (it won’t!).” - Pg 77  Becoming Your Own Banker - R. Nelson Nash

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

"At this point, we turn to the matter of ownership of the policy (or policies). The company, a corporation, should not own it. He can improve the wealth building effects of the whole scenario by owning the policy, himself, and lease the equipment to the corporation, making sure that he has charged a lease payment that is the highest possible. By doing it this way, he can have an interest deduction for the policy loans used to purchase the equipment (the loans are for the leasing business purpose). He can depreciate the equipment over a reasonable time, and he has a “captive customer” to lease the equipment that is sure to make the lease payments.” - Becoming Your Own Banker - R. Nelson Nash

Connect with Doug MacKenzie:

Website: Control Capital Solutions

Email: [email protected]

Connect with John Fox Ward:

Website: Nash Cashflow - The Nash CashFlow Group

Email: [email protected]