What is infinite banking? In its simplest form instead of getting a CD from the bank you buy a whole life insurance policy and deposit your money there, using it as your own family bank to ensure financial security. And by doing so, instead of giving all that  interest to the creditor (whether it’s credit card, auto, home or student loan), you take out a loan from your own policy and pay it back to yourself with principal and interest both, just like you’d pay it back to the bank, but instead you build up your own wealth. This thing alone, over the years, will make a big difference to own your own lifestyle. And that is the whole premise of the infinite banking concept, or IBC for short. An easy shift in your mindset can take your personal finance to the next level.