The question of “becoming your own banker” is growing more and more prevalent today as people begin to realize that just owning or purchasing high cash value life insurance won’t make you significantly richer. Should you become your own banker to grow and protect your financial assets? It depends. Let’s take a closer look. On …

Continue reading “IS “BECOMING YOUR OWN BANKER” A SCAM?”

Bank on Yourself (BOY) was developed and trademarked by Pamela Yellen in 2008. Pamela Yellen’s influence for Bank on Yourself was a book she read in 2001 called Becoming Your Own Banker, which was written by R. Nelson Nash, and described The Infinite Banking Concept. Schedule Appointment » Bank on Yourself in a Nutshell Bank …

Continue reading “An Introduction to Bank On Yourself”

CSO Tables…you won’t find these tables in any furniture store. CSO (Commissioners Standard Ordinary Mortality) Tables are produced by the Society of Actuaries and the American Academy of Actuaries, who work together to glean the data that provides insurance companies the necessary information to determine what reserves they need to keep in order to pay …

Continue reading “CSO Tables…And What They Mean For You”

If you aren’t familiar with Bank on Yourself, it’s one of many different philosophies like Infinite Banking, The Infinite Banking Concept, Private Family Banking, the 770 account and others. All of these philosophies and programs have a foundation in the general principle that a life insurance policy can be used to build savings and ultimately …

Continue reading “An Introduction to Bank On Yourself”

George Clason, who wrote The Richest Man in Babylon, came up with the 10-20-70 Rule. In his book, he shares a story about an egg merchant who wanted to know the secret of the gold merchant’s success. The gold merchant was happy to share his secret because the egg merchant wasn’t asking for his gold …

Continue reading “How You can Increase Your Free Cash Flow using the 10-20-70 Rule”

Table of Contents: Insights from Money Magazine’s Analysis Implications for Financial Planning and Retirement Regional Disparities in Perceived Income and Savings Behavior The Influence of Personal Financial Beliefs The 10-20-70 Principle Participating Whole Life Insurance and the Infinite Banking Concept Implementing the Perpetual Wealth Code™ McFie Insurance’s Commitment to Empowering Financial Independence Insights from Money …

Continue reading “The Fundamentals of the Infinite Banking Concept”

With the cost of education continuing to rise—and student loan debt now exceeding a staggering $1.7 trillion—many parents are understandably concerned about how to fund their own or their children’s educational futures. For years, 529 plans have been promoted as the go-to solution for education savings. While they offer some tax advantages, these plans come …

Continue reading “529 Plans and What Happens When Funds are Not Used”

You’ve heard it over and over again – start saving for retirement as soon as you can. Most people aim to retire by the age of 65, but the truth is the ability to retire isn’t determined by your age. Many strive to create an attainable pathway to a comfortable retirement but being able to …

Continue reading “The F.I.R.E. Movement: Saving and Investing for an Early Retirement”

“If I was counseling an individual, and my purpose was to help that individual, the most important thing would be that you should save more.” Says Robert J. Shiller, an American economist, Nobel Peace prize winner, academic professor at Yale University, and best-selling author. Taking note from Professor Shiller, saving money is one of the …

Continue reading “Savings By Age: How Much Money Should I Have Saved?”

 Cracking the “how to pay for college” code has become a difficult problem to solve. In this video, we tell a story about two 18-year-olds planning to attend the same local university using different methods of funding their education. Liam uses a 529 plan and a student loan, while Emily uses The Perpetual Wealth …

Continue reading “Funding College Education & Student Loan Consolidation”