The Banking Effect: Acquiring Wealth Through Your Own Private Banking System.

by Dan Thompson

After writing "Discovering Hidden Treasures" I was asked for a follow up book which would go into greater detail as to how anyone could adopt the banking system concept into their financial situation.... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1456324810
• ISBN13: 9781456324810
• Release Date: January 2011
• Publisher: Createspace
• Length: 118 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.3" x 8.0" x 10.0"

Customer Reviews

Benefits of Owning whole life policy (in USA)

There is way you can be both Policy holder (Investor) and Borrower of your own money at low rates like 4.62% without any credit check, monthly payments, or penalty. Insurance is based on prepaid premiums which are invested by Insurance company… Yet Whole Life, unlike Term Life insurance, accumulates compounding cash value. If you need a nice automobile, boat, flying lessons .. for example, then draw funds out of your Whole Life equity. Instead of bank rates you are borrowing against your policy “effectively” at the interest rate your policy is compounding interest (ie. 4.62%). However what you take out is earning no interest yet saving you the difference between what your bank rate would be with regular installment loan. You can usually do this without tax consequences, payback at rate as you wish, without monthly payments. And IF you should pass away, the insurance company just deducts the debt from benefits check issued to you next of kin (or payable upon death designation “POD” without inheirtance taxes). Look up “Bank Owned Whole Life” online for its a huge opportunity to conserve & accumulate wealth. This book is excellent introduction to explaining the methods, examples, reasonable orientation to concepts. Just be CERTAIN you are using a real full fledged “Mutual-Fund” never anything backed by stocks or investment indexes as those are certainly going to fail you. I’m not insurance seller, nor your legal advisor by any means. Yet this is what we learned long ago & it’s dependable method. Be sure to do your own research, don’t fall for charlatans who promise everything as those are likely scammers as in any deal involving your money. Owning a Captive Insurance Company run by someone else with other customers paying premiums (besides you buying your own policies at wholesale) is also a highly advantageous wealth generator. Semper fidelis, DC