NuWire Investor Interview with Nelson Nash
The Infinite Banking Concept: Be Your Own Bank
Using The Infinite Banking Concept to finance purchases without lending from banks
You probably don’t sit around calculating how much interest you pay to banks and other lenders each year, but chances are you have financed large purchases, such as homes, education, cars and major appliances.
The interest paid on these items can add up to hundreds of thousands of dollars, perhaps more, in the course of a lifetime. People often have to decide how much money to allocate for their retirement and how much to paying down current debt.