<description>&lt;p dir="ltr"&gt;Join Nate in this episode as he discusses the concept of family banking and reveals the three crucial steps to becoming a master family banker. Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.&lt;/p&gt; &lt;p dir="ltr"&gt;The first step is to store capital, which can be done through dividend-paying whole life insurance policies. The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally. The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower. Family banking offers the opportunity to build wealth and keep money within the family for future generations.&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;Key Takeaways:&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;The first step to becoming a master family banker is to store capital, which can be done through dividend-paying whole life insurance policies.&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally.&lt;/p&gt; &lt;/li&gt; &lt;li dir="ltr" aria-level="1"&gt; &lt;p dir="ltr" role="presentation"&gt;The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower.&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p dir="ltr"&gt;&lt;strong&gt;Episode Resources:&lt;/strong&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;Gain FREE access to our Infinite Banking Course &lt;a href="https://livingwealth.com/escapethebank"&gt;here&lt;/a&gt; &lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://livingwealth.com/infinite-banking/"&gt;What is Infinite Banking&lt;/a&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;a href= "https://livingwealth.com/who-is-nelson-nash/"&gt;Who was Nelson Nash?&lt;/a&gt;&lt;/p&gt;</description>

Dollars and Nonsense

Living Wealth

E228: How to Become a Master Family Banker in 3 Steps

APR 2, 202428 MIN
Dollars and Nonsense

E228: How to Become a Master Family Banker in 3 Steps

APR 2, 202428 MIN

Description

Join Nate in this episode as he discusses the concept of family banking and reveals the three crucial steps to becoming a master family banker. Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.

The first step is to store capital, which can be done through dividend-paying whole life insurance policies. The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally. The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower. Family banking offers the opportunity to build wealth and keep money within the family for future generations.

Key Takeaways:

  • Family banking involves keeping money within the family and mimicking the strategies used by wealthy families to create generational wealth.

  • The first step to becoming a master family banker is to store capital, which can be done through dividend-paying whole life insurance policies.

  • The second step is to establish a loan underwriting process, ensuring that loans within the family are handled professionally.

  • The third step is to seek out win-win scenarios, creating mutually beneficial deals for both the family banker and the borrower.

Episode Resources:

Gain FREE access to our Infinite Banking Course here 

What is Infinite Banking

Who was Nelson Nash?