what is the Infinite banking concept?

The In finite Bank ing concept is a financial strategy that emphas izes the importance of building wealth through the use of divid end - pay ing stocks and other income - gener ating assets . The goal of this strategy is to create a steady stream of passive income that can be used to fund long - term financial goals , such as retirement or buying a home . \n \n The key to the In finite Bank ing concept is to use divid end - pay ing stocks to generate a steady stream of income that can be used to fund long - term financial goals . This is done by investing in high - quality , blue - chip stocks that have a long history of paying divid ends . \n \n The concept is based on the idea that divid end - pay ing stocks can be used as a form of " bank ing " account , providing a steady stream of income that can be used to fund long - term financial goals . This is in contrast to traditional banking accounts , which typically offer low interest rates and may have fees and other charges . \n \n The In finite Bank ing concept is not a get - rich - quick scheme , but rather a long - term financial strategy that requires discipline and patience . It is important to carefully research and select divid end - pay ing stocks , and to develop a sound financial plan that takes into account your individual financial goals and risk tolerance . </s>