Be Your Own Bank – Proof It’s Not a Scam!

Family Bank -

Hi Friends,

Last month I wrote this blog post, “Be Your Own Bank – Is this A Scam?” I have been researching this method to see if Pamela Yellen is the real deal. Well, she is the real deal! I found the method in a book written by George Antone titled The Banker’s Code.


If you want it free, download it here: The Banker’s Code.

Basically, Chapter 12 discusses the method of creating your own bank from life insurance policy. It does a great job explaining the difference between regular whole life insurance and this method.

Both standard permanent whole life insurance has and your bank method have 2 parts:

  1. Death Benefit
  2. Cash Value

The “typical” setup is to maximize the death benefit and minimize the cash value.

The create your own bank method is the other way around. You want to maximize cash value and minimize the death benefit.

Here’s a great visual from the book (page 119 of the PDF).

Create Your Own Bank vs Whole Life Perm Insurance

Here’s an excerpt from Chapter 12:

The banking system method allows you to recapture your interest. By simply using your banking system, you’re building wealth automatically. Now, let’s suppose you can buy some goods using your credit card. The credit card charges you 12% interest. Would you prefer to borrow money from your own banking system or from another bank? Obviously, if you’re going to pay 12% anyway, why not pay it to your own banking system? After all, where else can you make The banking system method allows you to recapture your interest. By simply using your banking system, you’re building wealth automatically. THE BANKER’S CODE an easy 12%? This is the same money you were going to pay to another bank regardless.

 Your goal should be to redirect, as quickly as possible, most of that 34.5% into your banking system.

 Perhaps it could be as simple as borrowing money from your system to pay off your credit cards, and then start making monthly payments to your banking system with the same money you would have used to pay your credit card bills.

I loved the book and highly recommend it. George Antone seems like a real expert in creating wealth. Plus he loves Robert Kiyosaki – which is always a big plus!

There are 2 takeaways for me that I intent to ask the advisers when I contact them in 2016 for a free consultation.

  1. George says he doesn’t see borrowing from your own bank for every single loan you need. He says you shouldn’t borrow for everything. He says on page 124, that if you have a load for 0% from a car dealer or a regular bank – that you should take it. The advisers imply that you should borrow from your bank for ALL your loans/expenses. From the book: Some “experts” are extreme advocates of using the banking system for any and every loan. I disagree. For example, if you can get an auto loan for 0% to buy a car, why would you use your banking system to do that? Use the third-party financial institution. Some of these “experts” insist on using your banking system to buy the car loan and charging yourself a higher interest! They’re not considering the opportunity cost. Just use common sense and ask a lot of questions!
  2. When you borrow money against your bank, the money doesn’t come out of your policy. It comes out of a central pool of money you pay back. This confused me, but I’m sure it’s just because I’m missing something. I thought it did come out of your cash value.

Finally, just like Pamela Yellen from, George loves this wealth building strategy and highly recommends it. He says:

Your banking system can truly be a great wealth builder. Use it. (Page 124)”

Enjoy the book!

To your wealth and happiness!




Be Your Own Bank – Is This A Scam?

Family Bank -

Hi Friends,

It’s been a long time since I have posted in my forum. I have been preoccupied with my job and building WeLiveHereToo Publishing (Phonic For Us) company.

Recently, I have learned about a life-changing concept: Be Your Own Bank!

I have Mike Dillard (one of my favorite online marketers) to thank for this. Thanks, Mike! You see, I was watching one of his webinars to join his wealth-building program. Somewhere in the middle of it, while he was giving away high-level secrets of the rich, he mentioned “Family Bank“. Immediately fascinated, I took notes,  recorded the screen and started to research this “Be Your Own Bank” concept.

This post is a collection of all the resources I have gathered regarding the Be Your Own Bank wealth-building strategy.

  1.  Bank On Yourself – Bank On Yourself lets you bypass Wall Street, beat the banks at their own game and – finally – take control of your own financial future. It can help almost anyone – regardless of age, income or financial sophistication – reach their financial goals and dreams without losing sleep.
  2. The Benefits of Being Your Own Bank – YouTube video with great info.
  3. The Family Bank Strategy
  4. Bank on Yourself: Using Life Insurance as a Source of Liquidity – Explanation of Bank On Yourself.
  5. Becoming Your Own Banker – The FOUNDER of creating your own bank, Nelson Nash.

Not only is this NOT A SCAM, but a great way to fund your retirement, borrow from yourself instead of banks, and build wealth, all while buying death insurance.

My family recently bought me Pamela Yellen’s book Bank On Yourself. I am now reading it and will post my thoughts.

To your wealth and happiness!




What is “Subject To” in Real Estate Investing?

How to Subject To

This term has confused me for a while now. I had some questions and think I finally found the answers.

The following is from Sean Terry’s Week 4 section of the “Quit Your Job in 19 Weeks or Less” free ebook; it explains it perfectly.

Subject To Secrets, How to Make Huge Money With No Equity [Case Study]

This is a great strategy when you have a lead that has little to no equity. At the time of writing this book, tons of homes fit in that mold, so the deal are plentiful. Knowing this one strategy can make you a small fortune in the current market.

Basic Concept

We’re looking for motivated sellers that have little to no equity, which we can purchase for little to no money down. This method is called buying the property “subject to” the existing mortgage. This means you’re buying the property and the existing loan stays in the seller’s name for an agreed upon period of time.

The Risk

Before 1988 and 1989 there were loans, FHA–VA, that were fully assumable without qualifying; no credit check required. Today, almost all loans include a Due on Sale (DOS) clause whereby the lender can call the note due and payable upon transfer of the property to someone else.

However, it is my belief that if the loan is kept current, then no ‘flag’ is thrown to trigger this clause. I have personally never had a loan called on my properties. It is not illegal to take over or, I should say, become responsible for someone else’s loan. There are risks in all forms of real estate investing if not done properly. ‘Subject to’ is no different.

The Potential

With thousands of homeowners with little to no equity, this method becomes extremely profitable and deals are ripe for the picking. The structure is more advanced though, and I recommend consulting an attorney prior to executing this type of deal.

TIP: When we set up the closing, we’re going to have a Servicing Company collect the monthly payments from our buyer and pay the seller’s mortgage company directly.  We structured the deal so the buyer will pay the servicing company, the seller will get monthly reports of the money being paid to his mortgage, and if in default, the servicing company will handle all the legal issues.

Thanks, Sean Terry!

Get this free book here ->

More Subject To Articles:

[FREE Video] SHOCKING…The Big “P” Word!…Robert Kiyosaki Swears! MUST WATCH.

Robert Kiyosaki Swears
Robert Kiyosaki Swears

Hi Friend,

If like me, you dream of getting out of the rat
race, then you must watch Robert Kiyosaki tell
an MLM audience exactly how he feels!

Kim jumped in, too. She said to woman to
plan big! Too many times we as woman don’t
plan big enough. We must change and plan big!

I wanted to share this video with you, since
it truly motivated me to continue my plan.

Here are some quotes from the video.

Robert Kiyosaki

Wimps and P@$$!$ do that…

Click here to see Robert swear:

“Bank gives me money. I put it $1 the bank gives
me $4. Then I pay less taxes.”

“Savers are losers! I don’t save money. I save
silver and gold!”

“Don’t be a paid slave!”

“Have a plan!”

“Fail, Fail, Fail and build your self esteem.
Only way you can fail is to not fail enough!”

Kim Kiyosaki

“Plan big!”

“I was fired not once but twice out of collage. I really
had a probelm with people telling me what to do!”

“For the woman…I love to encourage woman in the
world of business and the world of money.”

“We haven’t been taught to take care of ourselves

This is now part of my
motivational kit:.

Please watch it through and let me know what you think!

Leave comments below.

Have a wonderful and prosperous day!

iPC Realty Group, LLC – We are officially an LLC!

iPC Realty Group, LLC
iPC Realty Group, LLC

iPC Realty Group was born on September 11, 2014!

Here is the RI link to our business: iPC Realty Group, LLC.

We are ready to start our wealth journey real estate investing while helping people and communities.

  • The “i” is for Investing (least important)
  • The “P” is for People (very important)
  • The “C” is for Communities (super important).

-iPC Realty Group, LLC

iPC Realty Group, LLC
iPC Realty Group, LLC

Virtual Wholesaling – My Notes

Virtual Wholesaling
Virtual Wholesaling Blueprint – Check it out!

Thanks, to Cris Chico for making me aware of virtual wholesaling.

I find this a fascinating topic, so i watched ALL his videos. You should, too.

5 steps to first virtual wholesale deal

1. find highly motivated sellers
2. find best cash buyers
3. implement the right marketing
4. work less by using systems
5. make offers and close deals

Step 1: find highly motivated sellers

– lots of ways of finding deals – pre foreclosure lists, eviction lists, divorce lists, etc.. (NO, NO, NO) – lots of competition with these kinds of leads etc… lots of manual labor (bandit signs), high rejection rate, hard to do volume with this method

– go after the abundance !! – the “tired landlord”

– why tired landlords? – easy to find, start small and ramp up as you do more deals, very little competition, poor marketing to these leads can be bad!

– single family, duplex, triplex, fourplex // own property for at least 10 years , landlord must own property in THEIR NAME , focus on zip codes that have most investor buyer activity.

Step 2: find best cash buyers

CRITERIA for the best cash buyer:

> purchased an investment property in last 3-6 months
> target single family houses, duplex, triplex, or fourplex
> narrow down the zip codes to buyers who have bought in that area

Step 3: implement the right marketing

– Marketing is not a generic process
– Good old fahsioned mail is the KEY!
– mail is easy to get started, less competition with direct mail, no need to print anythinf or deal with grunt work, WILL NOT find tired landlords any other way.
– why do investors FAIL at direct mail? – very redundant and unoriginal.

STEP 4: work less by using systems

– Systems eliminate grunt work , allow me to focus on my business, lots less time and efort
– use online tools to find sellers, automated marketing, seller screening systems, buyer screening system, lead evaluation system , closing and collecting money system.
> finding sellers and buyers online: – // – CONTACT HIM FOR SPECIAL ACCOUNTS
> automate marketing using direct mail – -(we will be able to upload list and use his postcard template)
> Use 24-hour recorded message system – seller calls special number on postcards and listens to my recorded message // only the motivated sellers leave a message // eliminates the explainations , frees your TIME and LITTLE TO NO SELLING INVOLVED.
> CASH BUYERS? -same as seller method (from the 24 hour recorded message, the buyers will be directed to a website OR call a 24 hour recorded message)

* 1200 postcards for $400 – received 285 calls

STEP 5: make offers and close deals

– speaking with seller (use seller lead sheet)
– 15 second evaluation technique (if used correctly- there is no need to worry about repair estimate or looking at the property)
– make an offer right over phone!
– what happens when we find a deal? –
> fill out “risk free” agreement (there is both a seller and buyer agreement)
> sell the deal to buyers – if they say yes, use the asignment contract

Watch the FREE Virtual Wholesaling videos here:

FREE Rich Dad Poor Dad Webinar – 20 Different Ways to Finance A Property

“Everyone should have a Home Equity Line – if they have the availability to get them!”
-Rich Dad Webinar

This is great information…check out the video below!

Rich Dad Poor Dad Free Webinar.

Sign up here:

I signed up for this webinar and learned so much, so I wanted to share a piece of it. Check out the great content provided.

He discusses how to buy real estate with Other People’s Money (OPM).

Here’s what I learned during this FREE, fast-paced 90-minute webinar:

  • Building a Mindset for Success: The Rich Dad Principles
  • The 3 Types of Wealth & How to Generate Them:
    • Earned Income
    • Passive Income
    • Portfolio Income
  • Understanding, Managing and Increasing Your Credit Score
  • Multiple Sources of Money to Tap Into

Sign up here for free rich dad webinar:

A Comparable Sale Must Have These 4 Criteria!

A comparable sale must have these 4 criteria's
A comparable sale must have these 4 criteria’s

 Hi Friends,

I found this great FREE Real Estate ebook called “Quit Your Job in 19 Weeks or Less” by

It discussed how to jump into real estate (flipping, wholesaling) to get out of the rat race. I’m all about having your own business, moving out of the E/S quadrant and moving into the B/I quadrant. Thanks to Rich Dad Robert Kiyosaki – I have found a proven way to financial freedom – real estate. Now it’s just time to implement and take action – learn, make mistakes, and never stop until I win!

Sorry about that…back to comparable home sales 🙂

When a real estate investor has to put a value on a house that is part of their deal, they need to find comparable sales in the area.

This free ebook had the following information…

A comparable sale must have these 4 criteria

1. Comparable sales must be within a 1 mile radius of the subject property.

2. Comparable sales must have closed with in last 90 days.

3. Comparable sales must be within 300 sqw of the subject property.

4. Comparable sales must be of like kind. (eg, single story to single story) 

Comparable Sales:

Knowing what the property is worth is one of the most important aspects of wholesaling properties. Not knowing value can cost you tens of thousands of dollars.

How to Comp a Property – THE FORMULA

You’re looking for 3 properties that have sold in the last 90 days that are within 300 square feet to one mile of the subject property.

Where to Find Comps:

1. This site is a good start. It will give you properPes that have sold within the neighborhood of your subject property.

2. This is another great site to find comparable sales.

3.  eApprasial: This is similar to the above tools; they’ll give you another perspective on the value of the property you’re trying to comp.

4.  MLS:  Multiple Listing Service. Real estate agents have access to all the properties that have sold using the formula above.
The Best Method to Determine Comparable Sales:

The best option is MLS comparable sales, because you can see all the pictures and comments about the property. I also use the websites to get an idea of what the property could be worth. Another effective way is to simply drive the neighborhood. You’re looking for houses that have realtor signs in the front yard.

Call the listing agent and ask them for the property details. You’re looking for how many bed and baths the property has, the square footage, the list price, the days on market and general condition of the property.

Knowing this information along with the properties that have recently sold will give you a good idea of the price the property could sell for.

Thank you,! This is great information.

Leave feedback if you know of any FREE sites to find comparable sales. I know is one free comp sales resource 🙂

I Did It. I Joined Rich Dad Education!


Hi Friends,

This weekend was HUGE for me.
Let me tell you why. I’m ready

If you have been reading any
of my emails or visiting my blog,
you are well aware of how much I
admire Robert Kiyosaki’s philosophies.
I love his free information and even
more – I love to share that information
with you

So, this past Friday to Sunday, I attended
3-Day Rich Dad Education Training
and now my brother and I are on our path
to FREEDOM with the goal of Real Estate
Investing. We joined the Rich Dad ELITE

Here are some pics of the 3-day seminar:

I learned some credit fixing strategies
I will share with you in upcoming posts.

For now though, you should really consider
going to one of his free workshops and reading
this new free book.

Take Rich Dad Free Workshop training, read his
books, and join us on this journey to
passive income and exiting the Rat Race.

Find the links below.