If you’re looking to buy a car and considering using alternative banking strategies, you may have heard of the Infinite Banking Concept. To help you learn more, I Own My Bank developed a report on IBC and an associated eBook.
When deciding how to pay for your new car or any large purchase, you may wonder if there is a better option than a traditional bank loan.
In I Own My Bank’s report, you will read about the various methods available to you, such as financing or leasing, before learning how the Infinite Banking Concept (IBC) offers you a more practical, and money-saving, alternative.
Visit https://www.iownmybank.com/blog/b/car for more information.
Alongside the report, you can also obtain a complimentary eBook, “Drifting Away from Traditional Car Buying - How to Keep Both Your Car and Your Finances in the Fast Lane,” that delves deeper into the topic of Infinite Banking, with real-life examples of how it can be used.
There is a strange acceptance many of us have that getting a bank loan is one of the best ways of raising enough money to make a large purchase, despite the fact we all know that it is going to be more costly in the long run. This mentality often causes us to end up with more debt and stress as we are pressured by banks to repay our now interest-inflated loans. That’s why I Own My Bank is highlighting the benefits of IBC for those of us wishing to break free from the restraints of traditional bank loans.
The company’s report uses the example of buying a car to outline the various well-known methods of making a large purchase. Following this, you are invited to learn about the Infinite Banking Concept, which is a popular finance strategy used by the wealthy elite.
Developed by R. Nelson Nash, IBC involves the use of whole life insurance policies as a low-interest and tax-free method as a dividend-paying asset. Using this method, which is explained in detail in I Own My Bank’s eBook, you can take a loan out against your policy for making a large purchase.
As the report highlights, there are several factors to be considered before using IBC, which are further explored in their eBook. You can also attend a free educational webinar that can be accessed through the company’s website.
When speaking of the process, a spokesperson for “I Own My Bank,” said, “This is a 200-year-old strategy that the wealthiest people like Rockefeller, Walt Disney, JP Morgan, and Ray Kroc have used to help multiply and retain their wealth.”
Learn how you can use Infinite Banking to improve your personal finances and fund your next large purchase with I Own My Bank today.
For more information, you can visit https://www.iownmybank.com/blog/b/car where you can read the full report.
