Advantages of Infinite Banking
If you are that person who is dealing or rather taking care of your debts and at the same time your savings without involving bankers or financial experts, you can say that this is infinite banking. Now that infinite banking allows you to be the overall financial manager, you can get all the banking services without having to go to the actual bank. There is a long list of benefits that come along with infinite banking and some of them are explained for you on this page, you have to read and get to know them.
There is no restricted time for borrowing with infinite banking, you can do so any moment. Now that most banks work with their rules, this is something that will not happen there hence a disadvantage. Now that there is no one else to control you, you are privileged to do any time borrowing under infinite banking.
You can always be aware of the interest rates at the time you start doing infinite banking. Since you are the one who will be in charge of everything, there will be time for you to decide on the rates than set them right to meet your goals.
You may want to consider infinite banking and this is because with it what you will have borrowed can be repaid within adjusted durations. It will not be a must to repay what you have borrowed and it will be your decision to set and modify the repayment terms. At times, you need to borrow some money and your repayment strategy may not work out as planned.
Fourth, another advantage of infinite banking is that you can borrow on your designed interest rates. Such rates of interest from the infinite banks will not change and you can make them suit your potential and this makes it all good. Repaying the loans whose interest rates are very high may not be an easy thing to do. You have to be cautious with the kinds of loan deals that you apply for and therefore avoid the ones that will soar high fast.
Last, the infinite banking technique is about the whole life insurance policy that is not taxed. It is not considered as a taxable investment and therefore you will enjoy budgeting for the borrowed money in full.