Can You Pay Yourself Back Interest With Infinite Banking

Nelson Nash was obsessed with controlling capital and creating more volume to grow. 

In today's BetterWealth episode, Dom and I talk about a lot of myths around infinite banking. There are several misconceptions around infinite banking that has people coming to us asking questions like “If I take my money from my policy and pay it back with interest, is it true I get that interest back?” Dom and I talk about where these myths came from, how concepts from Nelson Nash have been twisted. Becoming your own banker had the primary principle of “saving more money” and have the ability to have more of a volume of money being controlled because Nelson was obsessed with controlling capital and creating more volume to grow. Also I describe how Nelson wanted to encourage more savings by the psychology of “paying yourself back” with a higher interest so you can develop better behavior when it comes to savings and control. Join me on YouTube as Dom and I illustrate the concept of policy loans and how they work in paying interest, paying the principal, or if you never pay your policy loan back, how that works. We answer the questions and myths about paying your policy back, the interest of your policy and some of Nelson’s psychology of money. 

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