By Jason K. Powers | Unbridled Wealth
Banking and Real Estate Investing have several crossovers. Banking is arguably the most important business in the world. Without it, everything comes full stop. Money moves daily from our bank accounts to other bank accounts – from those accounts to even larger bank accounts. Depositors bring in the money, banks loan out the money to people who then put that money back in other banks. It facilitates the buying of necessities and things squandered. It keeps industries running. Nations borrow from nations. Lives are made or destroyed by the banks too.
Make Your Money Move. Ironically, in banking, the money cannot stop – it must be moving. If the money stops, that means people aren’t depositing money, people aren’t borrowing money, and the banks aren’t making money.
In real estate investing, the money cannot stop either. We need cash flow. If the cash flow stops, that means our tenants are not paying rent, or our buyers are not buying properties. If there’s no in-flow of money, there’s no out-flow of money to our pockets (let’s just say it how it is).
Think Long Range. Banks think long-range. They’re making loans for 12 months, 60 months, 15 years, and 30 years.
In real estate investing, we should be thinking long-range too. Most of us in the buy-and-hold, commercial, or multi-family game are thinking long-range. We’re not usually looking at year one and basing our decision. We’re looking long-term, and that’s the ticket to passive income.
Don’t Be Afraid To Capitalize. Banks have to start somewhere. One way or another they are going to capitalize on the bank to get started. Each time they make a new loan, they need to make sure they have capitalized, via other depositors, before they can loan money out to you.
In real estate investing, we have to capitalize on our real estate investing strategies as well. We have to put down payments (where’s it come from?). We have to put in the up-front work before getting the deal (sweat equity, marketing money, education). Ultimately, we have to have skin in the game.
Rethink Your Thinking. Don’t you think banking and real estate are a good pair? Now, what if we could just be the bank? Well, you can, and it’s called the Infinite Banking Concept.
Make Your Money Move. In your own privatized banking system, you can utilize this growing pile of money over and over and over again in your life to make you money elsewhere – you get to be the bank.
Think Long Range. You can replace the banking function in your life over time and create financial velocity that can literally last for generations. How much interest would you save in life if you never had to borrow from an outside bank again? You get to dictate the loan terms and get to decide how long you’re going to capitalize the system, how long you’re going to keep loans out, and how long you’re going to be the bank. Would your children and grandchildren benefit down the road if they could utilize this from day one?
Don’t Be Afraid To Capitalize. All businesses start somewhere. Capitalize your system now and reap the rewards over time. The more you pump into your own banking system, the more you create uninterrupted compounding growth that can be far superior to any bank on the street you’ll ever meet.
Rethink Your Thinking. Create a privatized banking system where you control the banking function in your life, changing the financial trajectory of you and those you love.
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Jason K. Powers is a Multi-Business Owner, Real Estate Investor, and an Authorized IBC Practitioner. Jason works with clients across the country showing them how to achieve their financial goals by taking control of the banking function in their lives and creating financial velocity that can last for generations.
Read the book, Becoming Your Own Banker by R. Nelson Nash.
Get your copy at www.1024wealth.com/store
Jason K Powers, 303.250.1755, jpowers@unbridledwealth.com
Olivia McGraw, 303.596.6780, omcgraw@unbridledwealth.com