FAQ
Frequently Asked Questions
What is compound interest?
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest ~ Wikipedia
How do I create My own bank?
You create your own bank by utilizing a financial instrument that will be an asset on your balance sheet and have guarantees in place for growth. Such as banks do, Bank Owned Life Insurance or BOLI. Banks use this as part of their portfolio and capitalization strategy.
Do I have to have a lot of money to start my bank?
No. You can start with whatever amount you want that is comfortable for your budget. Many individuals start with some money they had set aside in a bank account as savings. Instead of gaining less than 1% interest, they can earn an average of 5% interest.
What does privatized banking do for me?
It allows you to borrow money against the policy and use the funds to pay debts, or can be used for investments and some just let the money sit and grow until they need it. We recommend taking over the banking function in your life and finance your own home, cars, college tuition, investment properties or anything you'd normally spend money on. You make payments to your bank on your own schedule. Example purchasing your vehicle: you end up with your cash back plus interest and a car that is paid off at the end. Where through a conventional bank: you have the car paid off and no money at the end.
How do I get set up to start my own bank?
Easy! You just schedule a Phone call with us to go over Your needs and we design a bank to fit. After the bank is in place, if you'd like we help layout a plan to pay off your personal finances. And if you have other plans for the money then we can help with your plans there also if assistance is needed.