How Can I Become My Own Banker?

You've probably heard of people taking matters into their own hands and becoming their own banker. In today's episode, I'm going to explain to you how the whole situation works so you too can become your own banker. Can you imagine borrowing your own money to make more money? I'll tell you all about it, stay tuned!

To your abundance!
Doug Andrew

Key Moments In This Episode
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00:29 Who I am and why this is one of my favorite topics
01:03 Arbitrage
02:49 Infinite Banking Concept
03:57 What happens when you put money into an insurance contract?
05:48 Banks borrow our money and make more with it
09:01 Why would you borrow your own money?
11:19 What about whole life insurance?

Did you love this video?
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How to Diversify and Create the Foundation for a Tax-Free Retirement

How to Lead Your Family/Business from “ME” to “WE”

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Music
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Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music

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Video by Nate Woodbury

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#3DimensionalWealth
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[jackyanderson]

He enlightened us more on the concept of insurance which many people didn't know. Doug Andrew is a genius. I love that.

[tyrecarmon]

My CPA sent me your videos a few months ago and I have been binging your content. I also brought your book. I have my IUL set up this year and I am definitely taking advice from your videos and book to use. Thank you!

[yolandawrightklosterman]

This is amazing. And I am about to start my own bank for myself.

[teddimedicine]

Wow... ..just wow 💯 ....superbly formidable content

[aceconsulting.analytics]

Thanks for the update. I will definitely give it a trial. Peterson from Nigeria

[MbursaDN]

What happens when the policy holder doesn’t repay the loan?

[sent]

Thank you Andrew your knowledge has changed my life.

[horukulislam]

Hi Doug. Can you say what is the similar system in the UK please?

[robertdoss]

Oh thanks for the informationi It was helpful I was going to go to sign up with the iul, a couple months, until I realized I would need between five and$ 800 a month to maintain, it so my insurance agent is hooking me up with a debt-free life insurance plan instead. It a close comparison, in which I get to borrow against my own Policy just at a lower rate if return do you recommend it until I can afford the iul

[tonyw]

The statement that index UL usually earns 10% is questionable, and it does not take into consideration the cost of insurance increase when the policies get older. I’ll stick with my whole life polices for now😊

[enmarcanete]

Praise God For This Great Information Shared By Doug Andrew ...Thank you very much Sir Doug ..God bless you always...

[irenetubman]

Hi you say the money in this type of account the money is transfered over to family. The only thing that transfers is the death benefit. Correct me if I'm wrong

[porousdumasia]

Thank You very much I shall be in touch. This product is not avbl in Nz .

[timothywanless]

I went to that site and I can't find where I can get the book?

[peterchirico]

Andrew How long do you have to have a Laser IUL open before one is able to do this ? Do you need to wait until it is fully funded in 5 years or 4 years and one day ? Thanks for sharing all your knowledge.

[SEBAYANI]

Doug, thank you so much for this content so inspiring! If i may, does this concept work in any other country like Argentina for example, to your knowledge?

[finanzastv]

I loved your video Doug. But at minute 9:49, right after explaining the 2% wash out loan, you mention that you want to leave the money there an link it to an index. What exactly is that way of taking a loan called?

[dusdnd]

Sure... infinite banking... if that worked, everyone would be doing it.

Why would anyone use their earned income ever, then?

Just put it all in, and then borrow against it. Heck, Elon Musk would be borrowing against his stock to invest in this. He isn't.

[dirtcheapappliancerepair]

Hi, what’s the name of these type of insurance policies and the name is the insurance company

[ramoncortes]

That's right you right it's true