Infinite Banking 101

Understanding how the Infinite Banking Concept (IBC) works should be simple and easy. The three pictures below aim to show you just how easy it is understand how IBC works. At the end of the day, we determine which of thethree type of people we are: 1. Debtors 2. Savers 3. Wealth Creators Unless you know and practice Infinite Banking, you are either a Debtor or Saver.

Debtors

![debtor.PNG](https://steemitimages.com/DQmQcAczsnFivSMNr8U7Q36wDaihPhvAprpAzrkKrBN3xR3/debtor.PNG) According to Nerdwallet, "the average household that’s carrying credit card debt has a balance of $15,983." (Source: https://www.nerdwallet.com/blog/average-credit-card-debt-household/) The typical Americans finance their lifestyle by taking loans, paying them off, then repeating the process. In this manner, cash flow is constantly leaving the household never to return. It's a monumental transfer of wealth to banks.

Savers

![saver1.PNG](https://steemitimages.com/DQmSNSBuj6TP2A9nKYPTHaf4zcAHr73KzJ5PdFUTBewrsfu/saver1.PNG) Savers do the opposite of Debtors by capitalizing their bank accounts so they can avoid paying interest to the banks. Unfortunately, what Savers do not realize is that a transfer of wealth is happening with this approach. Notice in the picture above money is saved, then spent, and the process is repeated for life. The average American will earn $2 million or more during their working years yet have only around $50,000 on average saved for retirement. This is the reason why even Savers can never get ahead. Although they are avoiding paying interest, they are also eliminating the opportunity to earn interest by spending money deposited in a traditional bank. This is called Opportunity Cost and there is only one way to avoid it.

Wealth Creators

![wealth creator1.PNG](https://steemitimages.com/DQmNpzrJMgzmkSS4h1XkcruQmKDYDWpP423GhYkcMpP8FM8/wealth%20creator1.PNG) Wealth Creators utilize the Infinite Banking strategy to create a private banking system where they can access money while never interrupting the growth of their money. See above how Opportunity Cost is eliminated. Money is always growing even while you use it some place else. IBC'ers are able to finance cars, invest in other assets like real estate, pay for college, grow their business, etc. on a tax-free basis all while accumulating a nest egg for retirement that has no stock market risk. **Infinite Banking the only savings plan where there is no downside for using your own money!** At the most basic level, these 3 pictures above along with the picture below capture the essence of Infinite Banking.

Action Step To Take

Take back control of the banking process and grow your wealth safely and without opportunity cost by implementing Infinite Banking. ![Banking is a Proce$$-page-001.jpg](https://steemitimages.com/DQmY8HWHGCDePHxoHow4VHd1zNiwN6pJck5oPcte8sXQiR9/Banking%20is%20a%20Proce%24%24-page-001.jpg) To become a Wealth Creator and learn more about the Infinite Banking Concept, watch the videos here: http://www.CashValueBanking.com. You can also ask questions or request a time to connect with me by visiting my calendar at: http://www.vcita.com/v/john.montoya ![IBC Horiz-Med.png](https://steemitimages.com/DQmaJrRGgmbqhFBYVZGXJABujFgWM9JfUb3gpY9onmUG37y/IBC%20Horiz-Med.png)