I now realize that there is a need for a book that explains in detail how Infinite Banking works. Some concepts not in Nelson's book are:
-PUA surrender to repay loans instead of paying out of pocket
-the bypass pipeline concept of infinite banking
-credibility establishing information like BOLI investment, number of dividend paying whole life insurance market figures, etc
-a short standard definition of infinite banking
-a short standard diagram of infinite banking
-a long process diagram of setup, borrowing, repaying, and drawing capital.
- step by step 3 phase guide to determine if IB is for you
1 learn concept
2 fact find
3 cost-benefit analysis
- how to do a 6 month review
- when to open the next branch
-FAQ
-wiki
I have 2 possible titles: "Infinite Banking Exposed" or "The Infinite Banking Workbook". The core of the book is a step by step diagram of 3 processes: lending to self, lending to your business and lending to your clients. In each diagram and explanation there needs to be a space for referring to the specific law of the country. For example, the book might describe tax deductibility of interest paid on a policy loan. There needs to be a space there for the user to write in which law or tax ruling applies in his or her country. Then when all the information is complete we would create an edition for that particular country. (e.g. Canadian edition, Mexican edition)
Saturday, September 01, 2007
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