An Exclusive Interview with R Nelson Nash

In today's video, we're going to look at a segment of a sit-down interview I had with the one and only Arnelson Nash, the author of Becoming Your Own Banker and the founder and creator of the Infinite Banking Concept. It's by far one of my most precious and treasured interviews I've conducted to date. In this segment, Nelson talks about:

 
• Why banks are evil
 
• What is the most profitable business in the world, in his own words
 
• Why we finance everything that we purchase
 
• Why people have the money problems that they have

At any time, if you're interested in learning more about this strategy and maybe want to see your own numbers, we have a resource called the Andesit Vault and other resources below that can be a powerful tool for your life.

The Problem with Traditional Banking

According to Nash, the real issue arises from the closed mind of individuals who have been convinced that the world knows how to run things. He emphasizes, "They don't." Instead, he believes people have been made slaves due to the failure of the money function. The banking function in life is necessary; it's essential to the way we live today. Unfortunately, it's in the hands of the wrong people—evil people. Most folks don't realize the gravity of this situation until they study deeply.

The Banking Process: Most Profitable Business

Nelson states, "The process of banking is the most profitable business in the world." And he emphasizes that it's currently in the wrong hands. His solution is straightforward: take control back. He assures that anybody can do it through free contracts with free people. Dr. Paul Cleveland, mentioned in a great little video called "Banking with Life," explains that wealth is not money. Wealth consists of goods and services, while money is merely a medium of exchange.

Understanding the Importance of the Banking Function

 
• The banking function should reside within all of us.
 
• It's essential for enjoying the benefits we have today.

According to Nash, if this function is in personal control, it can transform lives. He knows thousands of people today who will never see a bank again in their lives. Banking is often misunderstood; people associate it with checking accounts, but it's really about loans and the evil practice of lending money that doesn't exist.

Financing Everything We Purchase

Nash explains his philosophy: "We finance everything that we purchase." This idea, surprisingly, dates back to Richard Cadyon, who lived over 300 years ago. Most people pay interest to others or give up interest themselves. He emphasizes understanding the real value of your dollars, not just their worth today.

The Airplane Analogy for Financial Success

Nash likens personal finance to piloting an airplane:

 
1. If you're in Birmingham wanting to fly to Chicago in a plane traveling 100 miles an hour but facing a headwind of 350 miles an hour, you're going backwards at 25 miles an hour.
 
2. Once the headwind is gone and you're flying without conditions, it's comparable to simply being debt-free.
 
3. When there's a tailwind of 350 miles an hour behind your airplane, you're traveling 450 miles an hour.

The environment for your finances, much like the winds for a plane, is unavoidable. The goal is to understand and leverage these conditions to your advantage.

Making Complex Simplicity a Reality

The challenge: People tend to complicate financial matters. Discussing with Nash, we concluded that complexity makes people feel smarter. But, breaking things down into simple terms often yields better understanding and results.

In summary, this interview sheds light on approaches to reclaiming control of personal finance through understanding and applying the lesser-known principles of banking. Consider diving into Nash’s book, Becoming Your Own Banker, for more insights.