8 Sept 2026
Who's Making Money Financing Your Life? | Basic Understandings, Part 2
If we finance everything we buy, then someone is always performing the financing function—and someone is making money doing it.
In Part 2 of Basic Understandings, Tricia and Jonathan continue through page 26 of R. Nelson Nash's Becoming Your Own Banker and unpack his instruction to:
"Create an entity, a plan which you control, and makes money on your own loans."
They explore what Nelson means by creating an entity, why control matters, and why he believed a properly designed, dividend-paying whole life insurance contract was particularly well suited for the Infinite Banking Concept®.
Along the way, they compare policy loans with other places people commonly store and access capital, including retirement accounts and home equity, and examine the important distinction between owning an asset and actually controlling access to it.
They also walk through the banking process taking place inside a mutually owned life insurance company—premiums coming in, money being lent and invested, earnings returning to the pool, and surplus profits potentially being shared with participating policy owners through dividends.
Ultimately, this episode is about much more than life insurance.
It is about deciding where your capital will accumulate, who will control it, what happens when you need to use it, and whether you will continue outsourcing the banking function—or begin building a financial system designed to serve you again and again over a lifetime.
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Disclaimer: All content on this site is for informational purposes only and does not constitute financial advice. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of Tricia Miller, unless otherwise specifically cited. The data that is presented is believed to be from reliable sources, and no representations are made by Tricia Miller, Thrivewell, and Bankless By Design as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.
