What is the Infinite Banking Concept and how does it work?
Before we can discuss the Infinite Banking Concept, its first important that you have an understanding of banking. Banking is a process that involves a saver, a banker, and a borrower. In most cases, we are the saver and the borrower. We put money in the bank and borrow it back out. The banker is the intermediary who holds and uses the savers money in exchange for a given rate of return. Many people agree that they would like to have their own bank but few are willing and able to go through the arduous, lengthy and expensive process of establishing their own federally chartered brick and mortar bank. Thats where the Infinite Banking Concept can help.
