EngineerThis
Is "Engineering" a business similar to a product?
FASTLANE INSIDER
LEGACY MEMBER
MEMBER
Read Fastlane!
Read Unscripted!
This is something I practice, I was glad to learn about it a couple years ago, and want to share with y'all. (I do this personally, I have zero affiliation with it otherwise)
As we know your family is the most important "Business" you operate, like any business it needs funds..
..Introducing "Infinite Banking" or "Family Banking"...
Why?
If your're like me, you don't like banks. I don't like maintaining a "credit score", I don't like that they use my money for their profit, I don't like that they practice fractional reserve lending, I don't like usery or debt, I don't like how much power they have, or the "programs" they fund with my money.
further more, I don't like the idea that my daughters inheritance is subject to tax... Or the potential for a lump sum inheritance to ruin her life.
But.. you say.. How can we fund our Fastlane ventures, homes, cars, or Investments without banks?
You fund with your own bank! This is how it works.. (Please read the book or my sources linked for exact info)
With a specially designed Life Insurance Policy (Whole Life) you can become your own bank, and create a system.. That allows you and subsequent generations to NEVER need a bank.. EVER..
Allow me to give an overview...
-You take your income, deposit it in a Life insurance policy
-The company (Mass mutual in my case) invests your money how they see fit, when they profit you receive a dividend.
-You receive a dividend because you OWN this policy, you are a shareholder. Your policy value is insured, just as if you were a bank.
-Also as your money sits in your policy it compounds with interest annually
-With your money compounding, and adding dividends payments.. You will reach a large sum.
-Bonus, if you happen to die, the wealth is transferred to who you see fit. (Full policy value say, $2M, even if only $20k was paid in)
Okay, cool, but then all my money is locked away, like a 401k.... Not so!
-You can take a "loan" I put it in quotes because you're borrowing your own money, not being fronted money you don't have.
-You can a loan, anytime, without approval, without review, to use for any purpose.. the loan can be for any amount as long as it doesn't exceed the cash value of your policy.
-Since this is a guaranteed loan you can use it for things like a Down payment on a house. Whereas you cannot use other loans to do the same.
-You set the terms, you can pay it back in 1 month, 10 years, skip a payment, or actually NEVER pay it back without penalty. (Besides your beneficiary receiving less of a benefit)
-Loans are set at around 5% interest, which essentially is paid back to yourself and is null.
Okay, I'm in.. Is there anything you forget to mention that is super cool?
-All the money in your Policy CONTINUES to compound and receive dividend, NO MATTER what you have "Loaned Out"
Yes, this means you have $100k in your policy and take a "$50k Loan" to go buy some DOGE coin, the $100k policy CONTINUES to compound and inflate annually!
Okay, whats the catch..
No catch, no magic tricks, no free money, no gimmicks.. Just math.. As I said initially this is not an investment strategy, you will obviously not get the same returns.. HOWEVER, you fund this first. Like a bank, then take that money to invest... At the end of the day you will have a lot more FREEDOM and CONTROL over your funds. Things get exponentially interesting, when thinking about subsequent generations..
-My daughter will theoretically not need a credit score..
-She won't need a credit union to finance her first car
-She won't need a mortgage lender to finance her first house
-She won't need a SBA Loan to start her business
-She won't need Student Loans to get an Education
-She won't have a lump of finite cash to burn through
-She won't need to get on Shark Tank to fund Manufacturing
-She can give her kids the same gift, and so on.. Access to the family bank. "It" will be quite the juggernaut at that point (Access to MILLIONS).. What opportunities could you seize if you had access to capitol like that?
This is a philosophy of control, and legacy. Not a strategy to maximize rates of return... I thought you guys would like it, be happy to answer any questions to the best of my ability. As I said, I follow this. I am not an expert and in no way affiliated to this idea, plan, life insurance at all...
Sources: Book, Blog, website
God bless!
As we know your family is the most important "Business" you operate, like any business it needs funds..
..Introducing "Infinite Banking" or "Family Banking"...
Why?
If your're like me, you don't like banks. I don't like maintaining a "credit score", I don't like that they use my money for their profit, I don't like that they practice fractional reserve lending, I don't like usery or debt, I don't like how much power they have, or the "programs" they fund with my money.
further more, I don't like the idea that my daughters inheritance is subject to tax... Or the potential for a lump sum inheritance to ruin her life.
But.. you say.. How can we fund our Fastlane ventures, homes, cars, or Investments without banks?
You fund with your own bank! This is how it works.. (Please read the book or my sources linked for exact info)
With a specially designed Life Insurance Policy (Whole Life) you can become your own bank, and create a system.. That allows you and subsequent generations to NEVER need a bank.. EVER..
Allow me to give an overview...
-You take your income, deposit it in a Life insurance policy
-The company (Mass mutual in my case) invests your money how they see fit, when they profit you receive a dividend.
-You receive a dividend because you OWN this policy, you are a shareholder. Your policy value is insured, just as if you were a bank.
-Also as your money sits in your policy it compounds with interest annually
-With your money compounding, and adding dividends payments.. You will reach a large sum.
-Bonus, if you happen to die, the wealth is transferred to who you see fit. (Full policy value say, $2M, even if only $20k was paid in)
Okay, cool, but then all my money is locked away, like a 401k.... Not so!
-You can take a "loan" I put it in quotes because you're borrowing your own money, not being fronted money you don't have.
-You can a loan, anytime, without approval, without review, to use for any purpose.. the loan can be for any amount as long as it doesn't exceed the cash value of your policy.
-Since this is a guaranteed loan you can use it for things like a Down payment on a house. Whereas you cannot use other loans to do the same.
-You set the terms, you can pay it back in 1 month, 10 years, skip a payment, or actually NEVER pay it back without penalty. (Besides your beneficiary receiving less of a benefit)
-Loans are set at around 5% interest, which essentially is paid back to yourself and is null.
Okay, I'm in.. Is there anything you forget to mention that is super cool?
-All the money in your Policy CONTINUES to compound and receive dividend, NO MATTER what you have "Loaned Out"
Yes, this means you have $100k in your policy and take a "$50k Loan" to go buy some DOGE coin, the $100k policy CONTINUES to compound and inflate annually!
Okay, whats the catch..
No catch, no magic tricks, no free money, no gimmicks.. Just math.. As I said initially this is not an investment strategy, you will obviously not get the same returns.. HOWEVER, you fund this first. Like a bank, then take that money to invest... At the end of the day you will have a lot more FREEDOM and CONTROL over your funds. Things get exponentially interesting, when thinking about subsequent generations..
-My daughter will theoretically not need a credit score..
-She won't need a credit union to finance her first car
-She won't need a mortgage lender to finance her first house
-She won't need a SBA Loan to start her business
-She won't need Student Loans to get an Education
-She won't have a lump of finite cash to burn through
-She won't need to get on Shark Tank to fund Manufacturing
-She can give her kids the same gift, and so on.. Access to the family bank. "It" will be quite the juggernaut at that point (Access to MILLIONS).. What opportunities could you seize if you had access to capitol like that?
This is a philosophy of control, and legacy. Not a strategy to maximize rates of return... I thought you guys would like it, be happy to answer any questions to the best of my ability. As I said, I follow this. I am not an expert and in no way affiliated to this idea, plan, life insurance at all...
Sources: Book, Blog, website
God bless!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
