The banking business is literally thousands of years old, but the idea of becoming your own banker originated with a guy named Nelson Nash. The concept, in its simplest form, is you create your own private banking system by saving up some money somewhere then use this pool of money to finance everything in your life. If you think about it, it makes perfect sense regardless of what you do in life. Whether you spend your money or invest it, you have to use a banking system to facilitate the transaction. All of the money in the world goes through someone's bank, and advocates of the banking concept argue that you should keep and set up a "private bank" of your own that you use. It's what is known as the infinite banking concept, a strategy that allows people to both save their money and then borrow their money or borrow against their money. MC Laubscher, creator and host of the Cashflow Ninja Podcast and president of Producers Wealth, is on a mission to help you achieve financial independence and freedom as soon as possible. MC elaborates a little more on the concept of wealth creation and the holistic approach to doing it.
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The banking business is literally thousands of years old, but the idea of becoming your own banker originated with a guy named Nelson Nash, or at least that's what a lot of the marketing literature says now. The concept in its simplest form is you create your own private banking system of sorts by saving up some money somewhere. Then use this pool of money to finance everything in your life. If you think about it, it makes perfect sense regardless of what you do in life. Whether you spend your money or you invest it, you have to use a banking system to facilitate the transaction. All of the money in the world goes through someone's bank and advocates of the banking concept argue that you should keep and set up a "private bank" of your own that you use.

It's what is known as the infinite banking concept, and I know many of you have heard of this concept. I've had a couple of episodes where we have explored the idea and talked about infinite banking. The idea behind infinite banking is for you to be your own banking system through dividend-paying permanent life insurance. That's a mouthful. Don't get confused, don't get lost, and don't get turned off by it because it's a very simplistic thing. It's just the way to properly describe it. Instead of an institution or an individual having control over your finances, you take back that control and control of all the banking functions you do every day. Infinite banking is a strategy that allows people to both save their money and then borrow their money or borrow against their money. You ultimately become the bank and you control what goes in and what comes out.

To elaborate a little more on that, I've invited one of my friends and past guests to join me once again to explore this holistic approach to banking and wealth creation. Since he's a new sponsor of the show, M.C. Laubscher who's the creator and host of the Cashflow Ninja Podcast and President of Producers Wealth is on a mission to help you achieve financial independence and freedom as soon as possible. He achieves this by integrating this infinite banking concept that we talk about in real estate investments to increase your money's efficiency, the returns, and recapture that cashflow and that way you're not even aware that this is going on. You can put it on autopilot but more importantly, a lot of people are not even aware that they're losing money, and this is a way to put a plug in that. M.C. shares the number one strategy of investors in this holistic wealth creation course at YourOwnBankingSystem.com. With that, we're going to invite M.C. on the show and we are going to explore this holistic approach to wealth creation.

If you missed our last episode, be sure to listen to Multi-Family Real Estate Inve...