The Infinite Banking Concept (IBC) isn’t just for the 1 percent crowd, or folks with near-infinite financial resources. We like to call Infinite Banking “the millionaire strategy for thousand-aires” – because the same strategy that works for clients with deep pockets also works in exactly the same way for people in Canada’s middle class – a demographic for which the vast majority of Canadians identify.

Many Canadians put $500 per month into their savings plans without really knowing where it goes.  If you can put away as little as $500 a month, you might just be a great fit for the financial strategy that lets you be your own banker. If you’ve got a typical household income of $80,000 and up, we can work with you. It’s not how much you earn – it’s how much you can save.

The person who’s a good fit for the Infinite Banking Concept has a ‘millionaire mindset’: they believe in success – not just as an abstract concept, but as something they will achieve for themselves and their family.

It sounds easy; but in our experience, we find that many people just don’t have it. They don’t believe that success is for them. That’s tragic – but fortunately, it’s not necessarily permanent. It is possible to cultivate a millionaire mindset. Old habits die hard, but they do die if you’re persistent.

Have You Got the Success Mindset?

The millionaire mindset involves thinking and planning for the long term. You recognize that success doesn’t happen overnight. You get there a little bit at a time. It’s about seizing opportunities at the right time – and making sure you have the resources you need when opportunity strikes. Potentially, it’s also about thinking beyond your own life and creating success that carries on to the next generation.

Indeed, the founder of the Infinite Banking Concept has been quite open that IBC didn’t make him rich – at least, not the first time; he got his stake early on from working in the forestry sector and making well-timed development deals. The catch is that thanks to the IBC, when he needed capital to jump on those opportunities, he had it. He didn’t have to go to a bank and plead his case through massive documentation and onerous terms – he lent the money to himself from his whole life insurance plan at terms that he wrote himself – and he was able to strike while the iron was hot, multiple times. The IBC makes success possible by giving you guaranteed access to money at the right time to take advantage of opportunities when they present themselves.