Luxour Lifestyle Magazine

Page 28

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Finance Your Own Banker". The core belief of this system is investing in long-term wealth by creating your own personal bank. By transforming your capital into a specific financial instrument, this process allows you to still access and utilize your money while simultaneously earning dividends and protecting assets, along with

Being the Banker

guaranteed growth without any associated market risks or management fees.

Nelson Nash started as a Life Insurance Agent and worked in the industry for decades before writing his first book. By implementing the practices and

You have two choices: The bank capitalizes on your funds. Or you do. When it comes to personal finance and banking, one must scratch their head at times and wonder, “why am I letting a bank make more money off my money?” Although it is true that banks utilize their capital to create loans and over time receiving back all of the original capital as well as interest, Marcy McPhee, of Private Banking Concepts™, firmly believes that individuals can increase their own wealth by using the same concept that banks do. Marcy, along with her husband and partner Tim, assisted Private Banking Concepts™ in developing, which in her own words, is “a tool to help people out of debt and into safety and security”. PBC™ is a derivative concept based on the Infinite Banking Strategy™ developed by Nelson Nash, who also wrote “Becoming

principles he taught in these writings, he has been able to secure a respectable amount of wealth for himself and his family since the early 1980’s all while continuing to produce educational books and materials aimed at personal finance. Although the practice of banking can be traced back for hundreds of years, he was the first to dive into the concept of personal banking by utilizing cash value life insurance. The concept of Private Banking can be intimidating for some, thankfully Marcy and her team facilitate this process by acting as a consultant and mentor when going over information with clients. Instead of putting hard-earned money into a bank, PBC shows you how to create your own “bank” and utilize your money in the same way a bank operates. While the program PBC has created can be powerful for those whose greatest needs are to eliminate debt it also is an unparalleled tool for those who have


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