You're financing everything you buy… even when you pay cash. 🤯 In this episode, we break down how to create your own banking system using dividend-paying whole life insurance, and why ignoring this might be costing you a fortune in lost interest.

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MJ and Tarisa walk through a key chapter from Nelson Nash's Becoming Your Own Banker and unpack what it really means to "finance everything you buy."

They explain how paying cash still has a cost, why EVA (Economic Value Added) changed how businesses think about capital, and how the same thinking applies to families using dividend-paying whole life.

You'll hear the crucial differences between whole life and UL/IUL, how life insurance companies actually work behind the scenes, and why guarantees and control matter more than chasing returns.

Key Takeaways ◦ You either pay interest to others or give up interest you could have earned—there is no third option. ◦ Paying cash stops the future earning potential of that dollar unless you first put it into a system that compounds (like a properly structured whole life). ◦ EVA (Economic Value Added) shows that your own cash has a cost, and successful businesses account for it—so should you. ◦ Whole life vs UL/IUL: whole life offers guarantees and immediate access to cash value; most UL/IUL policies have surrender periods and moving parts. ◦ Dividends in mutual whole life companies are essentially a return of overcharged premium—and when used to buy paid-up additions, they supercharge long-term compounding. ◦ Life insurance companies are conservative by design: actuaries, rate makers, and contingency funds help them survive crises while still paying claims. ◦ Infinite banking is a system of policies over 20–25 years, not a one-policy, one-year tactic.

Chapters 00:00 – Why you finance everything you buy (even with cash) 02:09 – The unseen cost of cash and lost compound interest 04:25 – EVA: Why your own capital has a real cost 09:40 – Due diligence, "scam" labels, and thinking for yourself 16:03 – Owning the contract & being first in line for your money 23:08 – Actuaries, dividends, and the "fudge factor." 31:14 – Whole Life vs UL/IUL & building your own banking system

✅ Enjoyed this breakdown of Infinite Banking? ◦ Hit LIKE if this helped you see money and interest differently. ◦ SUBSCRIBE for more deep dives on Infinite Banking and building your own banking system. ◦ COMMENT with your questions about whole life, policy loans, or getting started—we may answer them in a future episode.

👉 Want help setting up your own banking system? Work with our team to review your current policies or design a new Infinite Banking plan.

📘 Book mentioned: Becoming Your Own Banker by R. Nelson Nash – highly recommended foundational reading for Infinite Banking. 👉 https://www.withoutthebank.com/produc...

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