Feeds:
Posts
Comments

Archive for the ‘Banking’ Category

I promised in our last clayville clan update to write a post about my new business passion. This is something I have eluded to a couple of times over the past few months but have not written about in  any detail yet.

I don’t have the mental capacity to get way into this tonight since the brain is focused on goodbyes, packing and planning the move. I will however give a brief explanation and then provide a couple links to much more detailed information that has already been written.

Back in August I took a look at a website my parents told me about.  They had spoken to Tom and done some research on the program he teaches (Infinite Banking Concept).  Since I spent about 3 years in the financial services business after my mortgage career I was very intrigued by solid financial strategies. It took very little time for my interest to be piqued. I did some reading on his site and then called him to ask a few questions and decided to go to a breakfast he hosted in Salem.  After attending the breakfast I told Jenni that this was something we would be pursuing and it may be my primary business at some point.

The very next week my job with Carhelp came to an abrupt end. Starting a new business was not something I had any intention of doing right then so I continued to do research and read up on this concept. The first book I read (which Tom requires all clients to read before proceeding) is called “Becoming Your Own Banker” by R. Nelson Nash. I quickly read it then scheduled an appointment to meet with Tom and develop a strategy for Jenni and I. The beauty of the way Tom does business is that he will not work with someone unless they do their homework. He won’t hire an agent unless they are practicing the “infinite banking concept” themselves.  When it comes to actually getting a client started he never pushes but waits for the client to say, lets move forward.

This way of doing business blew me away because everything I had experienced in the financial business required strong sales tactics and closing skills.  Even if you were a good honest person you had to close people to get them to move forward.  I love teaching and helping people but I hate being a pushy sales person. As I have begun to work with a few clients and teach this program I have found that about 7 out of 10 people want to move forward and they start telling other people about me right away. This never happened to me with my previous experiences.

The concept in a nutshell is this: spend less than you make and save what you can in a financial instrument that has been around for hundreds of years. The products and companies we work with have been paying guaranteed interest and varying dividends for over a 100 years.  As you save this money and it begins to grow, you can have access to it for anything you need to spend money on. Your money grows tax protected, you access it tax-free and you pay yourself back with interest so that your bank begins to grow exponentially. As you begin to look into this you will see how much banks have taken advantage of you over the years. I know that we all look at low-interest home loans and think that they are great. In reality when you break down your mortgage payment you will see that almost every dollar you pay in is pure interest for several years.  Low rate or not, you are paying the bank a LOT of $$$$ in interest! What you will discover is that the volume of interest you pay is much more crucial than the interest rate.

If this concept interest you at all I would ask that you contact me and I will get a book in your hands and then set up a webinar with you to help you better understand exactly how this works and how much it can benefit you and your family. This works even if you don’t have any extra money in your budget or don’t have any need to finance your purchases. You can email me at brianclayville at gmail dot com for more information or to request a book.

Read Full Post »