Blog
What is the ‘Infinite Banking Concept’ (IBC) and Why is it so Awesome?
You may have heard the acronym IBC, which stands for the ‘Infinite banking Concept’, or some other version of this—your ‘warehouse of wealth’, ‘building your own bank’, the ‘And One Asset’, etc.—thrown around on podcasts, social media, or maybe even elsewhere in these...
The 8 places to store your children’s wealth: helping you decide where to put their savings, and your own
One of the basic ideas we hope to teach through the Richest Boy series is the importance of ‘paying yourself first,’ before paying anyone else—maybe the most important lesson when it comes to one’s personal finances. Paying oneself first, i.e.saving, as we use it...
The Importance of Teaching Your Children Financial Literacy
For the vast majority of children, financial literacy—despite its importance—is neither taught at school nor at home. Why our schools do not teach even the basics would require speculation into motives and priorities of the curriculum creators, which I will not...