The Benefits of the“Be the Bank”™ Process- Resistance from Traditional Financial Planners

The benefits of the“Be the Bank”™ Process have been quietly questioned by traditional financial planners for decades. Simply, most financial planners are comfortable with pitching standard financial products that generate a safe return on investment in a qualified plan environment.

However, the benefits of the“Be the Bank”™ Process come primarily from the expense-side of the client's overall financial plan, not the investment-side. Thus, it's difficult to motivate financial planners to invest the time and training in an overall process (expense-side and investment-side) that requires engineering, creativity, and non-traditional commission structures.

Hence, the benefits of the“Be the Bank”™ Process have gone unheralded in the mainstream markets for years.

The Benefits of the“Be the Bank”™ Process- Self-Financing is the Answer

With that as a prelude, the benefits of the“Be the Bank”™ Process can be summed-up in two, open-ended queries:

1. What if you could capitalize yourself and treat your personal finances like a network of dividend-accruing banks with ever-increasing assets and lending power?
2. What if you could borrow from your own network of banks and pay yourself back, with interest, on a tax-free, wealth-building basis?

The “Be the Bank”™ Processanswers both of these questionsin a powerful, life-changing way! However, it takes a properly-structured financial plan implemented by a properly-trained financial planner to accomplish that goal.

The Benefits of the“Be the Bank”™ Process- Personal Financial Engineering is the Key

Indeed, the benefits of the“Be the Bank”™ Process don't come from the investment-side of the financial plan, but from the often-neglected expense-side. A higher return on an investment portfolio really means nothing to a client if his financial planner isn't helping address the expense-side of his portfolio. Obviously, a 10% return on investment means very little if 35% is being paid out the other side for financing costs related to homes, cars, and living expenses!

The result is that we're back to where we started!

 

We need to treat financial planning as a personalized process,
not a series of pasteurized products!

Maybe it's time to trade-in your traditional financial planner for one of PEI’s “Wealth Advocates.”