One of the most common questions people ask when learning about the Infinite Banking Concept (IBC) is, “Where do I find the money to capitalize my system?” This question often feels daunting, but the answer lies in understanding how committed you are to implementing IBC. Whether you’re just starting out or ready to dive in fully, there are various strategies you can use to fund your IBC policy. Let’s explore some practical options.
Leveraging Your Savings Account
A foundational step in capitalizing your IBC system is transferring your existing savings into an IBC policy. By doing this gradually over several years, you can keep your premiums manageable while ensuring your savings grow uninterrupted within the policy. Unlike a traditional savings account, where funds might sit idle, an IBC policy allows your savings to compound continuously—even when you take out a policy loan. Think of it as replenishing your savings account: the original capital in your IBC policy remains intact and continues to grow, providing you with a reliable safety net. This method not only preserves your capital but also sets the stage for future growth.
Debt Recapture: Reclaiming Your Cash Flow
Once you’ve built up sufficient capital within your IBC policy, you can start unlocking its full potential through debt recapture. The essence of IBC is to regain control of your cash flow by redirecting payments that would typically leave your system back into your own banking system. For instance, if you need to finance a car, you can take a policy loan and make payments back into your policy instead of to an external lender. This approach has dual benefits: your initial capital continues to grow, and every repayment you make increases your available cash flow. Over time, you can use this strategy to recapture other debts, such as credit cards, lines of credit, and even mortgages, funneling that cash back into your system. As your policy’s cash value grows, so does your ability to take on larger financial goals—eventually leading to the creation of a fully functional family banking system.
Conclusion: Start Small, Scale Big
This post provides a roadmap for starting your IBC journey by leveraging your savings and recapturing debt. The power of IBC lies in controlling your cash flow, which, when done correctly, can scale into a financial system capable of financing anything you’ve ever wanted. The possibilities are truly infinite once you master the art of becoming your own banker.
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