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Becoming Your Own Banker: Unlock the Infinite Banking Concept Paperback – January 1, 2009

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Product Details

  • Paperback: 92 pages
  • Publisher: Infinite Banking Concepts; 5th edition (January 1, 2009)
  • Language: English
  • ISBN-10: 0972631615
  • ISBN-13: 978-0972631617
  • ASIN: B001NZO1DS
  • Product Dimensions: 10.7 x 8.3 x 0.4 inches
  • Shipping Weight: 10.4 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (82 customer reviews)
  • Amazon Best Sellers Rank: #31,973 in Books (See Top 100 in Books)

Customer Reviews

This book is written simply, the concept is simple, and it works, period.
Honolulu Aunty
As indicated above, you need to have an "open mind" and be "willing to learn" to understand this book - to succeed financially in life.
Peter Arnold
Since receiving this book over two years ago, I have read and re-read it.
Richard Morehead

Most Helpful Customer Reviews

42 of 45 people found the following review helpful By Peter Arnold on October 30, 2012
Format: Paperback
As a Financial Advisor and a Business Consultant for over 20-years, I'm generally quite "skeptical" about (so-called) NEW concepts - particularly those that tend to quarrel with my own long held views.

However, having read this book ("BECOMING YOUR OWN BANKER" - based on the IBC - 'Infinite Banking Concept'), many times now (I needed to, before it finally "sunk in") - and having read and studied at least ten "other" excellent books on Nelson Nash's (IBC) concept - and also having found "numerous endorsements" given IBC from highly credentialed experts (economists, CPAs, MBAs, company CEOs, etc) - I must say I am now extremely impressed with, and grateful for, the (little known) revelations in the book.

DISCLOSURE - I wish to disclose up front that I do "not" personally market this (IBC) financial vehicle (which enables you to set up your OWN "Private Banking System") - nor do I receive "any" remuneration or financial compensation whatsoever for recommending it, or referring people to those advisors who are directly involved with it. What follows is unbiased and completely independent.

First, a few of my own comments ...

OPEN MIND - Financial ideas that worked in the past may not be working today. If your knowledge about money turned out to be wrong, wouldn't you like to know about it? The concept laid out in this book is a "new" paradigm for most of us. It may go "against" conventional wisdom on the money concepts that are being taught today. So, allowing yourself to make mental shifts in your thinking will greatly increase your chances for financial success in future.

REALITY - For years, too many North Americans have been led down the wrong financial path.
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53 of 58 people found the following review helpful By BetterinDenver on November 18, 2010
Format: Paperback Verified Purchase
This is not your average read, you have to actually engage the thinking portion of your brain to get just a taste of the wealth of infomation and knowledge that Nelson has put in this workbook for the uncommon common man. Change the way you think about money- your money. Change the way you use your money. Change the way you control your money. Learn what the banks do to create wealth and turn it around and use the same techniques to make yourself wealthy. You in control of your finances, pure and simple- but not easy. You can not skim this book. Read it, then re-read it and re-read it 17 more times. Did you catch what he is saying in the equipment financing section? Recapture all your principle and interest on your equipment, car loans, school loans, any financing you care or need to do? Did you see how he explained that? Re-read it, it is there. What about the generational wealth example, did you see what you can create for your legacy? Re-read it, it's there. Compare the CD sister to the IBC sister for cautious, risk-adverse savers, do you see it? Paying with cash costs you money? He explains why and how to plug the holes your money is leaking out through. Rediscover the tools your grandparents used to survive and profit from the last Great Depression. Read it!
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48 of 56 people found the following review helpful By Lee A. McIntyre on July 3, 2011
Format: Paperback Verified Purchase
While the concepts presented in the book are good, Nelson Nash desperately needs an editor. He wanders down rabbit trails, makes gratuitous disparaging remarks (in one passage, for example, he makes a passing reference to life insurance professionals as "clowns" without any explanation), begs the point in many of his arguments, and has gaps in his logical presentations.

Nash takes positions which are apparently self-evident to him. But they are not self-evident to me, and I would have welcomed a little more "connecting the dots." In some areas he offers far more details than are needed to explain his concept, while in other areas he offers far fewer details than are neede.

The book is sprinkled with Bible verses, although the topic - finance - is not presented from any kind of religious perspective.

In short, this self-published book appears to be the product of the mind of one man, rather than the minds of one man plus an editor, or one man plus a publisher. That's too bad, because, while Nash has some valid concepts, the book is not a mature expression of those concepts.

The book is fairly expensive: With only 59 pages of text (plus pages and pages of columns of figures, a few blank or almost-blank pages, a two-page glossary, etc.), the book costs about 35 cents per page of text; compare that with any other book you're likely to buy).

If reading "Becoming Your Own Banker leaves you scratching your head, muttering "Huh?" more than you would like, pick up a copy of Bank On Yourself: The Life-Changing Secret to Protecting Your Financial Future by Pamela Yellen.
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45 of 52 people found the following review helpful By B. Williams on May 15, 2010
Format: Paperback Verified Purchase
I was a bit skeptical when I first heard about the concept of Infinite Banking. I mean, creating a bank using insurance policies? I thought it was just another way for agent to sell insurance. But after reading this book (a quick, easy read, by the way) I was blown away. Then I did some research and became even more excited, then I quickly read this book two more times taking more and more notes each time. Needless to say I won't be selling this book...ever. It's full of notes and highlighter.

After reading this book and doing a little digging I got more and more p**sed, actually, after realizing what a scam most of the financial industry is and how we just get played. This book teaches you how to finally get out of that game and have some control.

My only criticism is that it does not go too deep into the details of how to implement the system, but that's because it just can't due to the fact that the specific policies you implement will be different.

I'm so excited about this concept not only did I get policies setup but I went out and got my license so I can share this wonderful news with others!

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