Episode 259: The Top Ten Keys to Becoming Your Own Banker with Marty Smith

In this episode, we ask: What is the most important business in the world? Who is in the banking business? Who is Marty Smith? What about a Marty Smith trilogy? Where has Marty and his wife been living for 46 years? How long has Security Mutual of New York been in business? What are the...

In this episode, we ask:

What is the most important business in the world?
Who is in the banking business?
Who is Marty Smith?
What about a Marty Smith trilogy?
Where has Marty and his wife been living for 46 years?
How long has Security Mutual of New York been in business?
What are the flagship products for Security Mutual Life Insurance Company (SML)?
What about Nelson Nash?
What about the death benefit?
What about building cash value?
What is a wonderful combination?
What is the biggest hurdle?
What about education?
How many days since the last paradigm shift?
What is the infinite banking concept?
What about the book, Becoming Your Own Banker by Nelson Nash?
Who was Nelson Nash?
What about Austrian Economics?
What about forestry?
How far into the future do you think?
What about real estate investing?
What about being a pilot?
How does money actually work?
How do you think?

What are the top ten keys?

1. What is the most important business in the world?

Banking

2. What is banking?

Where some one or organization controls a pool of money

3. What about the one pool of money?

It applies to everyone

4. What about the reality of financing everything you buy?

You either pay interest to someone
Or you give up interest you could have earned by paying cash

5. What about the alternate use of money?

Opportunity Cost

6. What is the real problem?

Paying roughly a third of income on interest, fees and charges

7. What about the need for finance?

Probably greater than the need for life insurance protection

8. What about better control over principal and interest for big ticket items?

Cars you own,
major appliances,
education,
housing,
down payment on a house,
investment opportunities,
business equipment and inventory

9. What about creating a system of finance?

Using dividend paying cash value whole life insurance
(NOT Universal Life (UL), NOT Variable Life (VL), NOT Indexed Universal Life (IUL))

10. What about a major paradigm shift? Do you understand how money works?

It requires a major paradigm shift
A personal wealth building strategy

What about the book Debt: The First 5000 Years by David Graeber?
Who do you want to be in control?
Would you like to hear a story?
Is banking a problem?
What is the solution to the problem?
What would change?
What about increased freedom and joy?
What about being financially independent?
What about a personal wealth building strategy that actually works?

Marty Smith is the Regional Vice President of Security Mutual Life Insurance Company of New York. He loves Infinite Banking and Bank on Yourself Concepts, Circle of Wealth, and Wealth & Wisdom. He believes that “dividend-paying, cash-value whole life insurance” is the greatest financial product that’s ever been created.