This week we have the pleasure of joining James Neathery on his podcast, Banking with Life.

https://www.youtube.com/watch?v=VTr7vMxoyQU

If you want to better understand the importance of life insurance as a foundational tool, and how it integrates into a family banking system...tune in now!

Show Notes:

0:00 James Neathery introduces The Money Advantage team: Rachel Marshall, Lucas Marshall, and Bruce Wehner. 

3:00 The more quality information about infinite banking and finance out there, the better. Separating the noise from the truth. 

5:40 Rachel shares how The Money Advantage team met Nelson Nash, author of Becoming Your Own Banker.

8:15 Lucas touches on the importance of the IBC and life insurance industry sticking together and applying the principles of legacy to create a broader sense of community. 

11:30 James says. “Every business has a ferocious need for capital and cash flows.” 

12:15 What is family and heritage, and how does money impact that? How does it contribute to generational wealth?

12:55 How the Marshall family implements a family banking system, and how this system has adapted over time. 

14:30 How do you ensure that your legacy and money are used in accordance with your family values?

16:30 The benefits of a family banking system over time.

19:30 The benefit of being surrounded by like-minded, entrepreneurial people. 

20:20 Where to store your capital for safety and liquidity.

21:25 What is a leveraged-up death benefit, and why is it so profound?

24:15 Bruce shares why he decided to open a life insurance policy on his father. 

28:25 What does it mean to have a family enterprise, and how can you be successful?

29:15 What is the “rugged individualist” in the financial industry? How do you move toward a family-focused financial system?

33:15 IBC in theory versus in practice.

35:00 Infinite banking starts at the idea level: you have to reconcile the idea with your finances first.

38:15 The reason you want to step into the role of the banker is that it gives you control. Control gives you options. 

40:15 The power of how Nelson Nash taught IBC.

41:50 How people form their opinions on whole life insurance. 

45:10 How do you handle people who challenge your understanding or beliefs? 

48:30 “Most people’s understanding of life insurance is based on someone else’s misconception.”

49:45 The importance of a solid financial foundation.

53:00 Being available versus being on demand. 

54:00 Working with ideal clients.

55:45 The Fed doesn’t understand banking. 

1:03:20 Closing thoughts.

Book A Strategy Call

Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Where do you start in navigating a clear path to impact and income? How do you make money online?

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

Brian Dixon says to start with your people. He’s the marketing mentor and business coach who helps you get the clarity to grow your business.

So if you want to create a sustainable business, market with confidence, and make money authentically … tune in now!

Table of contentsStarting Your Entrepreneurial JourneyStart with Value to Make Money OnlineYour Past Can Direct Your FutureBrian’s 3 Steps to Finding PurposeThe Power of a Growth MindsetConnect with BrianAbout Brian DixonBook A Strategy Call

Starting Your Entrepreneurial Journey

One of the great things about entrepreneurship is that you can start anywhere, with anything. The world has need of many types of people. Brian Dixon's journey began with music. Aside from writing and performing music, Brian learned how to cold-call venues… and he enjoyed it. 

[4:41] “That for me was like my first entrepreneurial journey; [it] was just being the guy that went and got the gigs for the bands. And then I’m like, ‘Wow, people come to the show, so let’s sell them something.’”

Brian’s music journey helped him become a better entrepreneur and taught him the skills needed to provide value to his people. For example, playing gigs helped him learn what kind of merchandise people wanted. This is how you grow a business: find something you love, and learn how to market and grow that into something that creates value for the audience that loves and wants what you offer.

Start with Value to Make Money Online

The key to creating a valuable online business is to do or create something that people want. It’s the secret to all businesses. Money follows value because money represents value. One of Brian’s early businesses began as a way to help the people close to him. In fact, it wasn’t even designed to be a business. He just saw a need for something in the world and made it. 

[10:32] “My wife and I took spring break that year and instead of going on vacation, which was well earned working with middle school kids, we decided to stay for a week, for all of spring break, pull ourselves up into the video studio at the school, and we filmed a DVD. And it was called ‘The Internet and Your Kids: Healthy Habits for a Safe Online Home…’ I didn’t even think it was a product yet…I just want[ed] to help these families.”

Brian and his wife simply made the DVDs because they saw that it would help relatives, parents of students, and the students themselves. They sent the files to a print-on-demand company, ordered a few for the classroom, and next thing they knew they had made their first $800. 

Your Past Can Direct Your Future

[16:06] “I just fell in love with the idea that I have a message that matters, but you have a message that matters. And I can make a bigger dent in the universe, right, I can make a bigger impact in my lifetime when I help other people figure out how to take the message out of their heart and out of their head and get it onto the web.”

The answer to your purpose, Brian believes, is to look to the very things you or your loved ones have overcome, because chances are there are other people with those same struggles who need to get where you are.

[18:56] “I’d say you have to mine your past for diamonds. You look back and you go, what is it that I have overcome? What is it that I have struggled with, or somebody that I love and know has struggled with, and I helped them?”

Brian’s 3 Steps to Finding Purpose

When Brian helps clients find their own voice and business, he uses a three step process to unearth their message. The first step is to identify the pain points that you have experience solving. Then, you find the promise, or the promised land. You might be there right now. As Brian puts it, the ‘you’ who was experiencing the pain in the past wants to be where you are now,

Why is financing with Infinite Banking better than paying cash?

https://www.youtube.com/watch?v=ZzQ73xBl2TE

Today, we’re answering a listener question about the Infinite Banking Concept. And we're going back to Nelson Nash's book, Becoming Your Own Banker to explain the concept.

So, if you want to better understand the Infinite Banking Concept and how it helps you make more effective financial choices that put you in control… tune in now!

Table of contentsAnswering a Listener QuestionHere’s Dave’s original question:The Short Answer to Financing with Infinite BankingWhat Are the Options for Financing a Car?Why Use a CD?Why You Wouldn't Want to Buy a Car With Cash?The Math of CompoundingIs Financing with Infinite Banking "Paying Yourself Interest"?How is This Method Not a Wash?What Insurance Has that Cash Alone Does NotBook A Strategy Call

Answering a Listener Question

We love to see what our community is saying, and answer any questions. Recently, we had an insightful question from a listener named Dave. Dave's done the homework and read up on Infinite Banking. His question gets to the heart of the concept, so we wanted to dedicate some serious time to answering it. 

Here’s Dave’s original question:

"...I do have a question regarding the chart and explanations on page 41 where Nelson Nash discusses the different ways to purchase a car. Methods A, B and C are very familiar to me, but method D and E are new concepts to me. It never occurred to me that I could purchase a car using the Bank C/D method, which shows to be superior to paying cash.  Since this is the banking "concept,” but just using someone else's bank I think it is important that I understand how this works and I am just not quite grasping it. I think it would be helpful to me if you could explain and provide examples of how the Bank C/D method works and why is it more effective than paying cash. I can see from the chart that it is obviously better, but I just don't totally understand why. Somewhere I am missing something in my understanding of this concept and I'm not learning it very well from the book. Maybe I am just not seeing the math the same way and it doesn't seem to be explained very well in the book, at least to me.  If I store money in a bank and earn interest, but take out a loan from the bank to make a purchase isn't it a wash?  Where is the leverage and how does that benefit me?  Is it because the interest rate on the C/D is higher than the borrowed interest rate? I know that you have recently been answering questions on your podcast and I hope you will find it worth your time to address this one. It seems to be at the center of how this concept works and once I understand that I think I may have a breakthrough in my understanding. Thanks for your time and effort.”

The Short Answer to Financing with Infinite Banking

Dave’s question is a great one that really addresses why someone would use infinite banking. We think, first of all, that what Nelson Nash did with his book is create options. There are different reasons, both personal and economic, to finance a car with each of his examples. However, leveraging a life insurance policy is often not considered among all the options. Primarily for the reasons that Dave brings up in his question–people aren’t familiar with it, and it can seem complicated. 

The short answer is that using life insurance to fund a car allows you to take advantage of uninterrupted compounding. Because while you may pay interest on a loan, you’re also earning interest on the full value of your cash value. This means that you can both take advantage of capital without losing the momentum of your accumulation account's ability to earn interest and grow.

[8:52] “Nelson used to always talk about this: It’s not about the rates of return… it’s about who’s controlling the banking function.”

The person who controls the banking function has the flexibility.

How do you raise confident, successful, happy children who use their uniqueness to contribute the most in the world? What kind of family leadership do you need, so that you build strong families? And what is the secret to generational family wealth, really? 

https://www.youtube.com/watch?v=YUGCz2R830g

Parenting is one of the most complex tasks we will ever face. It can feel like a mountain of skills our kids need to gain—everything from arithmetic to writing essays to public speaking to driving to finding their passion, choosing a college, a career, and a mate, to making and managing money, and eventually raising their own family.

Families with money have compounded challenges. That’s because, often, the rising generation is overlooked, falling into the shadow of silence.

We’re talking with Keith Whitaker, an educator who consults with leaders and rising generation members of enterprising families. The last time we had him on the show we discussed his book Complete Family Wealth.

Today we’re exploring the question: how do I parent well and teach my children to become wise stewards of wealth, so that money doesn’t corrupt them? 

So, if you want to help your children to make good decisions as they decide on a college major, choose a career path, find a partner, parent their own children, use and make money, and ultimately serve as the bridge to connect families across generations, you need to hear this one thing. Tune in now!

Table of contentsGenerational Family Wealth: Qualitative WealthHuman CapitalThe Three Stages of LifeCommunicating with Your ChildrenUnderstanding Your ChildrenExamining Your Ideas About MoneyThe Family BusinessGenerational Family Wealth: The Voice of the Rising GenerationYour Hopes vs. Their HopesConnect with Keith:About Keith WhitakerBook A Strategy Call

Generational Family Wealth: Qualitative Wealth

There's quantitative wealth, and then there's qualitative. The former is money—what most people think of as wealth. However, when looking at a unit, in the context of generational family wealth, it's critical to examine qualitative wealth. In other words, we must consider "human capital" as a part of the family's wealth.

Human capital is comprised of personal strengths, passions, and skills that every human possesses. Knowing and fostering human capital as a part of the family wealth system is crucial. This is what helps our children to become well-rounded, capable, and confident people. People who can thrive and carry on the family legacy, for true generational family wealth.

So how do parents help their children grow their human capital?

Human Capital

[5:28] “Even though the context is family, the focus is on individuals, and that goes back to another principle we have. Our own thinking about family wealth is that really great families or healthy families are made up of great or healthy individuals. So sometimes, especially in the context of large financial wealth, people have a tendency to focus on the family. Having a hundred-year family plan, having a hundred-year constitution, talking about family values–-all of those things are important, but they really pale in comparison to the importance of helping each individual in that family grow and be as healthy as strong, as confident in him or herself as can be.”

Without fostering individual confidence and capability, you can have all of the documents and mission statements in the world, and they will simply be words. You must raise children who feel heard, and can develop their own unique abilities in a way that serves the family's greater purpose.

Keith suggests you ask yourself what good parenting is? This question is important regardless of wealth because every family involves parenting. Only then can you layer on the aspects of parenting with wealth involved.

The foundation of this conversation is good parenting, and what that looks like to you. Then you can introduce special considerations tha...

Many people believe that money is the root of all evil. But is money really evil? Is the love of money evil?

https://www.youtube.com/watch?v=a1zVsI6Inpg

Today, we’re taking on a topic that creates so much confusion, tension, and challenge for people. We’re talking about money, the love of money, and the real root of all evil.

And we’re revealing how this one huge mistake in our thinking literally causes all the money problems we see in our own life and the world.

So if you want to dig deep into what the love of money is—and what it isn’t—so that you can flourish in the right relationship with people, yourself, and with God… tune in now!

Table of contentsWhat Does the Bible Say About the Love of Money?Understanding the Context of Money in the BibleIs This “Prosperity Gospel”?Reconciling What We Know with What We DoIs Money the Root of All Evil?New Living TranslationThe MessageThe Amplified TranslationThe Love of MoneyWhy “Loving Money” is EasyMoney is a ToolParting Thoughts About the Love of MoneyBook A Strategy Call

What Does the Bible Say About the Love of Money?

Earlier this year, we had special guest Rabbi Daniel Lapin join us to talk about his book Thou Shall Prosper. We thought his biblical wisdom about money was so profound, and we actually had him join our show two more times this year. However, we also received many comments about biblical interpretation. We thought it would be a good idea to break down what we interpret in the Bible. 

As we lay the groundwork for this discussion, we think it’s important to point out that English-speakers are reading a translation. We don’t have the benefit of reading the text in its original language. As such, there are many modern translations we can seek, with different interpretations. Then, on top of that, we have our own human interpretation of the texts we read. 

The Money Advantage is not a ministry, but a business. As entrepreneurs, and particularly as ones in the financial, we talk about money. Wealth can be a taboo topic in many religious circles, and in an effort to talk about money from all angles, we want to touch on biblical wealth. Whatever you believe, we think this topic can help to assuage shame or guilt around money. 

Understanding the Context of Money in the Bible

Many people draw their feelings and philosophy on money directly from the Bible. When you’re building and protecting your wealth, it’s important to have a solid understanding of things so that you can make the best decisions possible. Without it, you’re financially coasting.

We think this same logic can apply to your understanding of money in a biblical sense. If your entire philosophy of money is Biblically centered, it makes sense to dig deeper. The more you can understand the cultural context and original meaning of the text, the more concrete your understanding can be. 

Is This “Prosperity Gospel”?

Prosperity Gospel is a term that often comes with negative connotations. Wikipedia defines this as:

A religious belief among some Protestant Christians that financial blessing and physical well-being are always the will of God for them, and that faith, positive speech, and donations to religious causes will increase one's material wealth.https://en.wikipedia.org/wiki/Prosperity_theology

This, however, is not the reason that we find value in looking at the Biblical context of money. We believe that wealth is something accessible to all and is directly proportional to the amount of value you provide others, and the number of people you provide value to. However, we live in a society that often vilifies wealth, which can cause negative feelings to fester within us all. 

However, based on our own understanding of the Bible, we see that wealth is not “evil,” or something to be despised. This does not, however, mean that we advocate that the wealthy are favored by God more than others.

We are proponents of obtaining wealth through peaceful trade,

How do you build wealth that lasts? Today, we’re talking with Jack Gibson, an international, serial entrepreneur who’s built multi-million dollar enterprises, twice. So, if you want to utilize the secrets of the wealthy to build indestructible wealth with multiple streams of income, and instill the entrepreneurial spirit in your children… tune in now!

Last time we had Jack on the show we discussed The Beginner’s Guide to Buying Your First Property.

https://www.youtube.com/watch?v=fBLo8vgNHbE

Table of contentsSuccess and FulfillmentFixing Your Money Mindset for Indestructible WealthThe Stages of Building Indestructible WealthInvesting in a Cash Flowing BusinessInvest in Non-Speculative AssetsSave and Invest in Speculative Assets

Success and Fulfillment

Wealth is not a guarantee, and even those who have money may not be truly wealthy. The thing about wealth—true wealth—is that it has more to do with the lasting quality of your money than the amount of money you have. Can your wealth weather tough economies? Can you rebuild your wealth, if lost? How long will your wealth last? These are all questions that can help you determine whether or not your wealth is indestructible.

Jack Gibson, helps entrepreneurs to build meaningful wealth with staying power. In other words, he helps people to understand that in order to have true wealth, one must protect and insure that wealth.

[6:25] “We have to be totally present to the fact that our money, our wealth, could be taken from us. Or it could be lost, or it could be stolen, or it could get eroded. All of those things are entirely possible.”

Having a sum of money can go a long way in protecting your livelihood, but your mindset and ability to create money and wealth are far more valuable.

Indestructible wealth, truly, begins with your mindset. A resourceful and entrepreneurial mind are key, because they can help you replenish your stores when the unexpected happens. 

[7:55] “You could take everything away from Jack Gibson right now. And although I really hope that doesn’t happen… I feel you could drop me off at any town with a hundred bucks in America, and eventually, a decade later, I’ll be coming out a multi-millionaire again. 

Fixing Your Money Mindset for Indestructible Wealth

[10:29] “Whatever you believe that you can or you can’t do, you’re right… What are some of the beliefs that you’ve been given, that maybe you’re not even aware of, that could be preventing you from creating wealth…?"

Take popular media–how many movies have you seen where the villain is rich and evil? In our conversation, Jack cites Titanic as being one of the more insidious examples. While it may be a great movie, it does almost too good a job of painting the rich as careless, calculating villains. 

This mindset can keep so many people not just from amassing wealth but from creating indestructible wealth. After all, who wants to become the villain?

[12:10] “I think that for my platform, the more people–good people–that I can teach how to make great money, then I know that they’re going to do really great things for other humans with that.”

Money Isn't Evil

While we may be steeped in a culture that loathes the rich, money itself isn’t evil. Money is an idea, and simply amplifies who you are as a person. And you can't ignore that money can do a lot of good, too. This is why it's important to be charitable, for example. But if you don't do acts of service now, is money going to change anything?

Jack shares his own story about why, regardless of your wealth or status, it's important to practice and live the habits you wish to cultivate now.

[15:00] “What I teach is just start exercising that muscle, because as you continue to grow and flourish in your businesses and your investments, and growing your money, then that’s just going to amplify who you already are and the way that you’re being.”

Jack shares that he was able to give $40,

What is a Modified Endowment Contract, and what does it have to do with life insurance?

https://www.youtube.com/watch?v=qXI-iOZylhU

If you're using Infinite Banking as a savings tool, you want to avoid having your policy become a MEC. But what exactly are Modified Endowment Contracts? How does it change the taxation on your life insurance policy? Why does it exist? And when might you want to use a MEC? 

If you want to know more about how to use Infinite Banking to accomplish your financial goals… tune in now!

Table of contentsDefining the Modified Endowment ContractHow MECs WorkThe Tax Consequences of a MECThe 7-Pay TestIs There An Upside to Having a MEC?Book A Strategy Call

Defining the Modified Endowment Contract

There are a lot of great reasons to have a whole life insurance policy. This includes tax advantages, uninterrupted compounding growth, and income protection. It’s the ideal vehicle for an infinite banking strategy–however, you can lose these benefits if you over-fund your policy. 

When you put too much money into a whole life insurance policy, it becomes something called a Modified Endowment Contract. When a policy becomes a MEC, it loses its tax advantages. The IRS created this legislation to cut down on what they deemed taking advantage of life insurance.

The original purpose of life insurance's tax advantages was to incentivize people to buy insurance. That’s because life insurance can protect families financially from a loss of income during a difficult time. This also prevents the government from having to commit tax dollars toward supporting these families. The government first implemented these benefits with a specific purpose in mind: to be a win for families. They didn't create the advantages as a loophole.

In order to protect the original intent of life insurance—to provide a death benefit—the IRS decided that if policyholders didn’t follow certain guidelines, it would functionally be classified as an investment, rather than an insurance policy. 

How MECs Work

Let’s consider an example. Say you want to buy a life insurance policy with a $1 million death benefit. The least you can pay, or the “floor," is going to be term insurance. This is the cheapest premium you can have, however, you only have the temporary death benefit and nothing more. 

What you can pay on a million-dollar policy, however, is a sliding scale. You can have different life insurance products or structures that change the premium. For example, you can have whole life insurance, structured in a few different ways. Typically, the higher your premium, the more benefits you get, including living benefits like a cash value account. 

A whole life insurance policy structured for infinite banking is at the top of this scale. Largely because of all the living benefits. Tax favorable growth, uninterrupted compounding interest, tax-free access via policy loans—these are just a few benefits, on top of your permanent insurance. 

The MEC rule creates an official “cap” to the sliding scale, preventing people from paying beyond the maximum, as they were prior to the late 80s. Now, if you go through the pay ceiling, you still have life insurance, but it will no longer have the same tax treatment.

The Tax Consequences of a MEC

With a MEC, your death benefit still passes to your heirs tax free, however, your living benefits no longer receive the same tax advantages. If you take a policy loan with a MEC contract, you will have to pay income taxes on that money. Additionally, if you withdraw money from your cash value before age 59 ½ you will be subject to penalties. 

A MEC policy gets similar treatment as a 401(k) or an IRA. If you are choosing to use whole life insurance primarily as a savings tool, or as an infinite banking policy, it’s important that you don’t MEC your policy. 

The 7-Pay Test

In order to determine what policies are a MEC, the IRS uses something called the 7-pay test.

Want to build a work from home business, and scale to create the life you dream of for your family? Would you like to do so without being a salesy weirdo? Today, we’re talking with Martha Krejci, who made her first million in 6 months in business by working from home.

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

Now, she’s a business growth strategist who helps other work-from-home moms make millions. 

If you’re looking for the secret sauce to scale your business today, want to learn a sustainable and repeatable system, convert people into raving fans, and make simple social media posts that create leads… tune in now!

Table of contentsHow Martha Started to Work from HomePrepare Yourself for SuccessHow to Pivot Your BusinessProtecting Your Energy and Building CommunityThe Problem with AdsReverse-Engineering the Sales FunnelThe Secret to Live VideosWork from Home and Do What You LoveHow to Start Your Work from Home JourneyWhat is the Ultimate Scaling Tool?Links MentionedAbout Martha KrejciBook A Strategy Call

How Martha Started to Work from Home

[6:00] “On paper, I was the only breadwinner of my family.”

Yet Martha took the entrepreneurial leap anyway. She describes herself as always having felt the pull to be an entrepreneur. However, it wasn’t until she had an epiphany while raising her daughter that she followed the entrepreneurial call. One day at work, she received a video of her daughter taking her first steps. Her first reaction was joy. Then her next thought was that her daughter was walking toward a phone, instead of her mother.

This inspired her to take the leap to work from home virtually overnight. Despite supporting her husband, her child, and her in-laws who had recently moved in. Within the first month, she was matching her income at her previous job and continued to grow from there. 

Prepare Yourself for Success

[11:40 “My favorite thing is the struggle. Is that weird? A lot of people like to illuminate the success, my favorite thing is illuminating the struggle...Let’s normalize it. Let’s normalize that that’s what’s necessary…[Success is] not a promise, you have to do the work, right? You have to make sure that you’re ready for this success.”

The reason you have to be prepared for success, as Martha shares, is because quickly after you find success, all of the negative stories you told yourself about yourself are going to start popping up. Your success is going to dredge up your internal baggage, and can derail you if you’re not prepared to handle it. 

How to Pivot Your Business

Martha’s first agency was an SEO agency, and she joined the chamber of commerce at about $200 a year and began attending events. Soon enough, she was leading training sessions for business owners. Yet business owners often don’t have the time to implement these things. So if you show authority when you’re training, it’s likely that those businesses will want to hire you. 

[13:45] “Since then, what we’ve done is we’ve just bobbed and weaved. So we’ve seen where needs were. I guess our formula—and I’ve never really shared this before—our formula is: What do people need, and what do we enjoy doing for them?”

Once Martha’s agency identifies what her clients need and what she enjoys doing for them, she’s able to merge those things. This way, she’s not ever pigeon-holing herself and her agency is positioned to pivot. 

[15:40] “I think that’s where a lot of the business death comes from, is just simply being afraid to pivot. Because pivot is growth.”

Protecting Your Energy and Building Community

[20:50] “I don’t ever think we should be doing everything anyway. So what I teach is, you know, you essentially work 5-10 hours a week once all your stuff is set up. So the ‘doing everything’ is a lot of wheel spinning in my opinion. And some would say that it’s strategic and that you’re throwing spaghetti at the wall and you’re gonna see what sticks, and that sort of thing...

Like a business, churches and other non-profits have a need for financing. Today, we’re discussing options to keep the church financing in-house.

https://www.youtube.com/watch?v=cSnti9l_C40

So, if you want a strategic financing strategy that guarantees your church or other 501(c)3 would never lack the funding to accomplish the most important mission of all… tune in now!

Table of contentsFunding Not-For-ProfitsInfinite Banking Concept for ChurchesWill Infinite Banking Work For Every Not-For-Profit?You Don’t Need to Operate on a Razor-Thin BudgetWho Should Be Insured for Church Financing?Book A Strategy Call

Funding Not-For-Profits

If you’re running a church or other not-for-profit business, chances are you need funding. Funds allow you to create more good for your community and accomplish what is likely a big mission. Without the proper funding, especially consistent funding, those goals can seem out of reach.

Donations are a common source of funding for churches, as well as bank financing, yet relying solely on these methods of financing can be unreliable. If you’re seeking to achieve big goals and take care of a broader community, control of financing is crucial.

Fortunately, you can use Infinite Banking for church financing. However, in a church or other not-for-profit sector, it’s likely that much of what you do must include collaboration. In other words, there has to be some consensus. This can mean educating your peers and other church leaders, as well as discussing how privatized banking can benefit your church or not-for-profit. (Note: We recommend having your board or administration speak with a financial professional, as the conversation can be complicated.)

Infinite Banking Concept for Churches

Why might a church want to use infinite banking? If you’re considering the Infinite Banking Concept for your organization, this is a great question to ask. For many institutions, we believe the answer might be that funding a life insurance policy allows you to save money and finance projects without a third party, such as a bank. This can add more stability to your organization’s financing, beyond the tithe, donations, and banks. 

“If you have large reserves, and you’re trying to store that cash as effectively and efficiently as possible so it can do the most good for you, then infinite banking would be an ideal storage place.”

That’s because the cash value of a life insurance policy allows your cash to work as hard as possible while you’re waiting to use it. Not only this, but the death benefit of the policy will help you plan in the long-term for your church or organization. When that benefit is paid out, it can be used for ongoing financing for the church or organization.

Will Infinite Banking Work For Every Not-For-Profit?

If, however, your organization does not have a lot of cash reserves or has a lot of debt, you may not want to start a policy right away. That’s because you must still have a way to fund the policy, which is often with cash reserves. The first step to building a policy for your organization is to figure out how you will finance the policy.

Similarly, if your church has significant debt and you are struggling to pay off that debt, it might not be the best decision to open a new policy. An Infinite Banking policy requires debt management, and it’s not advisable to use a policy loan to pay off another loan. Working with an advisor can help you determine the best strategy for managing your organization’s finances and debt.

You Don’t Need to Operate on a Razor-Thin Budget

“Just because you’re non-profit doesn’t mean that you should not be financially responsible and that you shouldn’t be profitable.”

There’s a myth that not-for-profit companies should operate on a razor-thin budget because they’re a public service. However, in our conversation with Kris Putnam-Walkerly, we broke that myth wide open. 

The reality is,

Like a business, churches and other non-profits have a need for financing. Today, we’re discussing options to keep the church financing in-house.

https://www.youtube.com/watch?v=cSnti9l_C40

So, if you want a strategic financing strategy that guarantees your church or other 501(c)3 would never lack the funding to accomplish the most important mission of all… tune in now!

Table of contents* Funding Not-For-Profits* Infinite Banking Concept for Churches* Will Infinite Banking Work For Every Not-For-Profit?* You Don’t Need to Operate on a Razor-Thin Budget* Who Should Be Insured for Church Financing?* Book A Strategy Call

Funding Not-For-Profits

If you’re running a church or other not-for-profit business, chances are you need funding. Funds allow you to create more good for your community and accomplish what is likely a big mission. Without the proper funding, especially consistent funding, those goals can seem out of reach.

Donations are a common source of funding for churches, as well as bank financing, yet relying solely on these methods of financing can be unreliable. If you’re seeking to achieve big goals and take care of a broader community, control of financing is crucial.

Fortunately, you can use Infinite Banking for church financing. However, in a church or other not-for-profit sector, it’s likely that much of what you do must include collaboration. In other words, there has to be some consensus. This can mean educating your peers and other church leaders, as well as discussing how privatized banking can benefit your church or not-for-profit. (Note: We recommend having your board or administration speak with a financial professional, as the conversation can be complicated.)

Infinite Banking Concept for Churches

Why might a church want to use infinite banking? If you’re considering the Infinite Banking Concept for your organization, this is a great question to ask. For many institutions, we believe the answer might be that funding a life insurance policy allows you to save money and finance projects without a third party, such as a bank. This can add more stability to your organization’s financing, beyond the tithe, donations, and banks. 

“If you have large reserves, and you’re trying to store that cash as effectively and efficiently as possible so it can do the most good for you, then infinite banking would be an ideal storage place.”

That’s because the cash value of a life insurance policy allows your cash to work as hard as possible while you’re waiting to use it. Not only this, but the death benefit of the policy will help you plan in the long-term for your church or organization. When that benefit is paid out, it can be used for ongoing financing for the church or organization.

Will Infinite Banking Work For Every Not-For-Profit?

If, however, your organization does not have a lot of cash reserves or has a lot of debt, you may not want to start a policy right away. That’s because you must still have a way to fund the policy,