Teen Series Part 5 - How Banks Make Money
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Narrated by:
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By:
Today, I'm wrapping up our series on financial basics for teens and young adults. In this episode, I'm breaking down exactly how banks use your money to make money—and why that keeps you on the losing end.
I'll show you how to turn the tables using the Infinite Banking Concept so you can keep your money working for you instead of making someone else rich.
If you want the best saving and borrowing alternative to take control of your finances and build a strong foundation for you and your family, you're in the right place!
Listen now!
Show highlights include:
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How banks really use your deposits to generate profits and how fractional reserve banking allows banks to lend your money while holding only a fraction. (1:45)
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Learn the history of modern banking that began with goldsmiths. (4:48)
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The life-changing power of the Infinite Banking Concept that allows you to profit through your cash value in a Whole Life Insurance policy, using the banking model. (6:42)
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Think about how you might borrow from the bank to buy a car and what happens when you borrow from your Whole Life policy instead. (8:45)
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Discover the steps for structuring a Whole Life policy for a personal banking system using IBC. (9:36)
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The vital importance of nurturing financial curiosity in young people and helping them leverage time for compounding wealth. (11:36)
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Would you like me to help your teen or young adult get started with Infinite Banking? (11:59)
Reach out to me:
valerie@alphaomegawealth.com
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)