PART 1 Lesson 4:  Becoming Your Own Banker

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Content: Page 14, BECOMING YOUR OWN BANKER – THE INFINITE BANKING CONCEPT

IMAGINATION

Albert Einstein said, “Imagination is more important than knowledge.”  Coming from such a knowledgeable mind as his, this observation should have a lot of meaning to us.

The Infinite Banking Concept is an exercise in imagination, reason, logic and prophecy.  We will re-visit this thought many times during this course.  To help stimulate your imagination let’s go back in time to 1785 – the German schoolmaster was having trouble with his boys that day – they were rowdy.  He wanted to quiet them down and to punish them, so he gave them a problem.  “Add up all the numbers – one through one hundred.”

The boys got their slates down and started to work on the problem.  The schoolmaster’s plan seemed to be working!  But one little boy was not participating – he just sat there staring out the window.  Shortly he picked up his slate, wrote down a number and turned it in.  Would you believe, he was the only boy with the right answer?  All the rest had wrong answers.  The schoolmaster took note of this fact and asked the boy how he did it.

The boy said, “I visualized a line with the figure 1 on the left side and the number 100 on the right.  In the middle was the number 50.  I cut the line at that point and folded the right end of the scale over to where it was parallel to the other line.  Now, I had 1 lined up with 100 and 50 was lined up with 51.  Adding 1 and 100 produced the answer 101.  I noticed that adding 50 and 51 produced the same answer.  Further, when I imagined all the series of numbers between these extremes I always got the same answer, 101.  Then, I saw that I had 50 sets of 101’s.  Multiplying 50 times 101 produced the answer 5,050.

Thereafter the boy received special tutoring and he became one of the three greatest mathematicians of all time – his name was Karl Gauss.  Look his name up on the internet.

Young Gauss did not invent that fact.  He discovered what God had done already.  He discovered a relationship between numbers that is fixed and nothing can be done to change it.

Now that we understand this fact we can take a shortcut in getting the answer.  Whenever we are adding anything beginning with 1 and ending with a multiple such as ten, one hundred, one thousand, etc. you simply pick the mid-point and put that same figure beside it.  In the case we just cited the midpoint was 50, so putting 50 beside it we get the answer 5,050.

So, to add up the numbers 1 through 1,000 you simply pick the midpoint, 500, and put 500 alongside it — 500,500; ridiculously simple — and absolutely accurate.  It is fixed!  Try to pass some law to change that fact and you are engaging in an exercise in futility.

Nevertheless, somewhere in the past I have heard that a legislature in some state tried to get the mathematical term, “Pi” changed from 3.1416 to 3.00 because it was too complicated and cumbersome!  These demigods could not conceive that they were dealing with a fixed relationship that they could not change and had no authority over.  But, therein lays the story of mankind since time began.

Karl Gauss was able to see what others could not see because he used his imagination.  In the next lesson we will continue to use our imagination in a very practical way.  I’ll see you then!