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The new book reveals how the Infinite Banking Concept (IBC) - a process taught by R. Nelson Nash in his own definitive book on the subject - can be used as a new way of paying for high-value items, such as vehicles. The process uses whole life insurance policies as dividend-paying assets through accrued equity.
More information can be found at https://www.iownmybank.com/blog/b/car
The latest book teaches an actionable way that buyers can 'become their own banker' through the IBC, disrupting the traditional methods of payment that society has been taught for decades. Readers learn how to leverage compound interest for their own means, rather than paying it to banks or lenders.
The traditional car buying process of cash purchases, financing, or leasing often presents challenges for consumers, Chris Naugle explains. Cash purchases drain savings accounts, financing saddles buyers with interest payments, and leasing forces people to make perpetual monthly payments without building equity. In the book, he offers an alternative method to avoid these pitfalls.
As R. Nelson Nash found, the average US household spends 20% of its income on purchasing and maintaining vehicles. To help combat this, the IBC uses whole life insurance policies to fund large purchases like cars while simultaneously building cash value that can be borrowed against in the future.
Chris Naugle uses his own car purchases as case studies. He details how he bought an Audi A8, Audi S4, and Porsche Cayenne Hybrid all using the IBC instead of traditional loans. His personal examples demonstrate how readers can implement the strategies for their own vehicle purchases.
The book lays out step-by-step instructions for leveraging IBC's unique attributes. 'I Own My Bank®' also created a detailed guide on the subject, which compares the above-mentioned payment options alongside an instructional video breaking down how banks use customers' money, and how policy owners can use these strategies for themselves.
Discussing IBC as a payment option for vehicles, a spokesperson states: "Getting a car can be a daunting task, but with the right approach and information, you can make the process much smoother and more manageable."
Interested parties can learn more at https://www.iownmybank.com/blog/b/taxes
Contact Info:
Name: Will C Ellis
Email: Send Email
Organization: I Own My Bank®
Address: 3111 New Jersey 38 Ste 11 #233, Mount Laurel Township, NJ 08054, United States
Website: https://www.iownmybank.com/blog/b/car
Release ID: 89121012