Becoming Your Own Banker
Learn How to Become Your Own Banker
Learn how to turn your liabilities into assets just like the banks do!
Why is it important to know how banks work?
Banks are the only institutions in our financial system that have the unique ability to turn liabilities (loans) into assets (deposits). This allows them to maximize the efficiency of their capital and create money from nothing. What if you could do the same thing for your own benefit.
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Maximize the efficiency of your financial system
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Financing your purchases can be profitable if you’re on the right side of interest
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Recaptures money you’re already planning on spending and puts it back to work for you
Our Process
Live the lifestyle you want to live without sacrificing your financial future. After we gain an understanding of where you are now and where you want to be, we can help you fix the "leaks" in your financial system and reposition it to be function as a moneymaking vehicle for you.
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Identify the wealth transfers
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Reallocate wealth transfers to your tax-advantaged banking plan
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Efficiently use your banking plan to finance all future expenses in a smarter way
What do I need to become my own banker?
All you need is an open mind to learn how to select and fund a participating whole life insurance policy so you can use all of its features to your benefit. Working with a knowledgeable financial advisor ensures the strategy is tailored to your financial goals. This approach empowers you to create a sustainable, tax-advantaged personal banking system.
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Be willing to learn how to use the system to its full capabilities
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Select the right company, the right product, and the right product design
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The more you use it, the more profitable it becomes
How will QX Financial help me become my own banker?
QX Financial has a track record of successfully implementing banking designs for many families, businesses and individuals just like you!
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We learned directly from Nelson Nash, the father of the Be Your Own Banker concept
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We will help you choose the right company and the right product for the job
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Annual reviews will mean your plan can grow and adjust with all of your life changes
What our clients are saying
Discover how QX Financial professionals have transformed the lives of our clients.
My old financial advisor always told me that achieving higher rate of return was always the goal. When I met the team at QX Financial I started to understand that, when it comes to a successful retirement, it is not about the rate of return but about the rate of withdrawal. I do not have to take more risk in order to have more income in retirement!
Salvador
Real Estate Agent
For me it was all about service. When you work with big companies, they never call you back or it takes forever to get something done. I love the fact that I can call, text, or email my advisor directly and I always hear back. That was important to me.
Judy
Current Retiree
The team at QX Financial helped me understand the true cost of my student loans. Now I know that most young people become “debt-free and broke” when using traditional methods. I do not have to be one of them. I have found another way.
Stephen
Attorney at Law
Financial companies are always selling new hot thing and always pushing an agenda. But these guys always listened to me and did what they said they were going to do. That was enough for me.
Robert
Satellites Engineer
Unlike conventional savings or investment accounts, it combines the benefits of savings, growth, and borrowing flexibility, giving you more control and security over your financial future. It allows your money to grow tax-free, offers guaranteed growth, and provides easy access to funds without penalties.
You can access the cash in your policy through policy loans or withdrawals. This can typically be done at any time, allowing you to use the funds for any purpose without facing penalties or restrictions, as long as the policy remains in force. Please connect with one of our financial professionals to decide which option is best for you.
This strategy requires a long-term commitment; surrendering the policy early can result in surrender charges and lost benefits. Additionally, whole-life policies could have higher initial costs and fees, and if policy loans are not managed properly, they can reduce the policy's cash value and death benefit. It's essential to work with a knowledgeable advisor to navigate these potential risks.
The tax advantages of the Be Your Own Banker strategy stem from the use of whole life insurance policies, which allow for tax-deferred growth of cash value. The cash value can be accessed through policy loans or withdrawals, typically without triggering income taxes, as long as the policy is properly structured and maintained. Additionally, the death benefit is usually paid out tax-free to beneficiaries, providing further tax advantages. Lastly, these policies can be used to supplement one’s retirement income free of additional income taxes.
Yes, whole life insurance is preferred for the Be Your Own Banker strategy because it offers guaranteed cash value growth, fixed premiums, and lifelong coverage. The guaranteed cash value can be accessed through loans or withdrawals, providing a reliable and flexible source of funds. Additionally, whole-life policies often pay dividends, which can further enhance the cash value and overall benefits of the policy. This stability and predictability make whole life insurance ideal.
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"Effective capital creation and accumulation is the key to real financial freedom."
Yanko Castro
Founder & CEO
