Planting and Harvesting

This past weekend I re-planted some flowers and garden plants which the cold rainy weather had taken its toll upon. As I worked I couldn’t help but think of how being your own banker is very similar to plants, their life, survival and ultimate harvest. Both are very dependent on their environment. With plenty of sunshine the rain we have experienced would have been an excellent thing for all my poor plants. Instead they all rotted because of all that water.

In private banking, anybody can design and sell an insurance policy but it takes a very diligent person to coach the owner of that young policy towards the goal of producing a profitable experience for the owner and not just a benefit for someone else after the owner is gone. Too much of a good thing, even like water with plants, can ruin the process abruptly and end it without the pleasant results which the policy owner dreamed of when first purchasing that policy.

But plants and becoming your own banker have more in common than just a dependence on their environment. Sometimes when we have purchased plants for our spring gardening project we have been sold sick or diseased plants. Now, no matter what environment those plants attempt to live and thrive in, the odds are against them of ever producing the yield that a healthy plant could have produced.

The same is true in implementing the Infinite Banking Concept. Not everybody is wired the same way when it comes to self-discipline and honesty. It takes an honest and self-disciplined person to play by the rules of an honest banker: 1) Pay yourself first; And 2) Pay yourself back with interest when you use your own money. These are the healthy rules that govern all banking practices. And because these two rules have been ignored by government officials as well as banking and financial regulators we see our economy in the terrible shape it is in today.

On the contrary however, if you are a self-disciplined and honest individual, you can make a difference. You see you don’t have to depend on someone or something else to be the healthy and strong one for you. You can be that person yourself and take control of your own financial future by learning what it means to become your own banker.

Consider for a moment what would you do if you knew that what you have been taught up until this moment is not the whole truth and that it will drastically alter your future plans for work, pleasure and retirement? When would you want to find out the entire truth? Now or when you no longer have any power to do anything about it? Basically the question comes down to: When do you want to replace the plants that have been drowned out by the “cold rain” of your present economy? There are still plenty of new and healthy plants which will produce a great harvest for you instead of a bunch of weeds which have over grown the plants which the “cold rains” have drowned out!

Happy gardening this summer and while you’re at it, think seriously about your financial future and the harvest that you are gardening up there. Will your harvest be all that you have hoped for?

by Dr. Tomas McFie

Check out Tom's book Prescription for Wealth