I regularly receive questions that reference The Infinite Banking ConceptTM of R. Nelson Nash. The Money for Life Model of Financial Management guides its adherents on a path similar to the one Mr. Nash suggests.
A visitor to our web site recently submitted a series of clear and precise questions about three of the core concepts [...]
By Benjamin Franklin and Dr Agon Fly
A large percentage of Americans during the colonial period were self employed farmers, merchants, craftsmen, tradesman, shopkeepers, and so on. Employees were less common than partners and permanent employees even rarer. Because of that, the following admonitions of Father Abraham address the working class who were also responsible for [...]
Pundits and politicians are bemoaning the entiely predictable failure of America’s financial triplets’ [the banking, insurance and investment Behemoths] irresponsible financial behavior over the past two decades: Bear Stearns, Indymac, Lehman Brothers, AIG, Fannie and Freddie, WAMU, Morgan Stanley, other lesser knowns and others yet to come.
The pundits want to explain the situation by pointing at everthing from executive [...]
Rather than boring you by recounting what is readily available in the rest of the media, I want to recommend a great book that sheds light on what our Founding Fathers believed and embedded in our banking system. I’ll let you decide if those principles and practices are still there.
The Financial Founding Fathers, The Men [...]
By Dr Benjamin Franklin and Dr Agon Fly
“II. But with our industry we must likewise be steady, settled, and careful, and oversee our own affairs with our own eye, and not too much to others;
WOW! I wonder what Benjamin Franklin would think of ‘modern’ investment vehicles such as mutual funds, ETF’s, hedge funds, and derivatives of [...]
Our thinking about America’s failed health care system is devoid of innovation.
The system that delivers health care in America is broken - everyone recognizes that. What the current proposals ignore is that the current system is shattered beyond repair. America’s health care delivery system won’t fix itself by making the federal government the captain of this [...]
“Greed, for lack of a better word, is good.” Wall Street, 1987
The SEC is a Behemoth that works for other Behemoths, in particular the major Wall Street firms and their minions. The SEC, along with its junior partner FINRA, wear the mantel of a Robin Hood while concurrently robbing everyone in the neighborhood by supporting [...]
The seemingly never-ending housing and mortgage crises effect each of us every day whether we feel it or not. The fact that the federal government is taking them over in order to rein in their excesses demonstrates that the take-over of Fannie Mae and Freddie Mac represents something much more than just a government bailout.
Fannie [...]
This post is longer than normal. It deals with an issue that does not lend itself to easy explanation. Lost opportunity cost deserves closer scrutiny than most because it is fundamental to understanding, building and maintaining a successful personal economy. In addition, since it’s difficult to address the topic piecemeal, it demands a single post rather [...]