How to become your own bank

Have you heard of that old saying you have to pay yourself first? Well I did, when I first read George S Clauson’s book, The Richest Man in Babylon, that is what got me to start forming the habit of paying myself first. But once that habit is formed where do you allocate that money? Do you store it in a savings account to let it compound securely over time or do you invest it? Investing it may yield higher returns than letting it sit in a savings account, but what if the investment does not work out and you lose all that money? That would just be awful! That is why I follow Warren Buffett’s financial advice "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." Of course that can only be done if you invest the time to become an expert in understanding a particular investment, how it best performs to ensure success, so you never lose money! Just as Garrett Gunderson says “The risk is not in the investment, but in the investor.” So, the more you know the less risky of an investor you will be, but of course that will take time to acquire the knowledge, so until then is there a better storage facility where your wealth can be secure and grow? There is! And I reveal what that tool is in this video and how that tool can be leveraged, so that you can become your own banker!

The advantage of being your own banker is that you can begin to finance the major purchases in your life yourself and in doing so recapture a portion of the interest that would have had of gone to the banks or financial institutions and put it back in your pocket so it can grow and be used by your family. This banking strategy can really allow your $1 to work like $2 as you will learn in this video! #Laurapitko #Beyourownbank #Infinitebanking

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RESOURCES:
► Richest Man in Babylon by George S Clauson - Will allow you to learn about the importance of paying yourself first - https://amzn.to/2Ku7IkP
► Becoming Your Own Banker by Nelson Nash - Learn more about the Infinite Banking Concept from the Founder of this Strategy - https://amzn.to/2Mp8mCK
► Killing Sacred Cows by Garrett Gunderson - Particularly Myth #7 (Chapter 16) - https://amzn.to/2IiWP2J
► Wealth management | Real Estate Investing Courses - Please email me at [email protected] for more information.

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DISCLAIMER: I (Laura Pitko) am not a licensed financial advisor, nor an insurance agent, therefore please consult with a competent professional prior to engaging in any financial strategies. This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support!