“Becoming Your Own Banker” by Nelson Nash was the most practically applicable book I read. The concept was totally foreign to me. I’m still thinking it through many months later, but am about to take my first concrete action / test run of the idea of “infinite banking” as a result of reading it.
I think it’s a bit of a “trick”. I had a friend who was really into it and I just spent a little time reading about it from the proponents and tried to work it out in my head and it didn’t compute for me and my friend couldn’t answer my questions satisfactorily. I think if you read some skeptics you’ll find that it’s not a terrible idea at best and generally a meh strategy if you are realistic about numbers and a lot of the rhetoric is in fact too good to be true.
