--- title: Do You Have What It Takes to Be Your Own Banker? description: Becoming your own banker requires more than desire - there are several traits that will determine if you could be successful as your own banker. Learn more. image: https://www.themcgriffalliance.com/hubfs/be%20your%20own%20banker.jpg --- [![McGriffAlliance_logo.png](https://www.themcgriffalliance.com/hs-fs/hubfs/images/home_page/McGriffAlliance_logo.png?width=266&name=McGriffAlliance_logo.png "McGriffAlliance_logo.png")](https://www.themcgriffalliance.com) ![bg-img11.jpg](https://www.themcgriffalliance.com/hs-fs/hubfs/images/contact_us/contactus_header2.jpg?width=1500&name=contactus_header2.jpg "bg-img11.jpg") # [Do You Have What It Takes to Be Your Own Banker?](https://www.themcgriffalliance.com/blog/do-you-have-what-it-takes-to-be-your-own-banker) ![Joel McGriff](https://www.themcgriffalliance.com/hubfs/images/about_us/joel.png) By [Joel McGriff](https://www.themcgriffalliance.com/blog/author/joel-mcgriff) - August 17, 2017 - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.themcgriffalliance.com%2Fblog%2Fdo-you-have-what-it-takes-to-be-your-own-banker&t=Do%20You%20Have%20What%20It%20Takes%20to%20Be%20Your%20Own%20Banker) - [**](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.themcgriffalliance.com%2Fblog%2Fdo-you-have-what-it-takes-to-be-your-own-banker&text=:%20Becoming%20your%20own%20banker%20requires%20more%20than%20desire%20-%20there%20are%20several%20traits%20that%20will%20determine%20if%20you%20could%20be%20successful%20as%20your%20own%20banker.%20Learn%20more.) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.themcgriffalliance.com%2Fblog%2Fdo-you-have-what-it-takes-to-be-your-own-banker&title=Do%20You%20Have%20What%20It%20Takes%20to%20Be%20Your%20Own%20Banker?&summary=Becoming%20your%20own%20banker%20requires%20more%20than%20desire%20-%20there%20are%20several%20traits%20that%20will%20determine%20if%20you%20could%20be%20successful%20as%20your%20own%20banker.%20Learn%20more.) - [**](https://plus.google.com/share?url=https%3A%2F%2Fwww.themcgriffalliance.com%2Fblog%2Fdo-you-have-what-it-takes-to-be-your-own-banker) ![be your own banker](https://www.themcgriffalliance.com/hs-fs/hubfs/be%20your%20own%20banker.jpg?width=300&name=be%20your%20own%20banker.jpg "be your own banker")No approval necessary. Loans whenever you need them, without paperwork or approval. Tax-free growth, withdrawals and loans. Liquidity. Guaranteed rates of return and dividend payments. These are just a few of the benefits associated with **infinite banking**, which is the process of using a dividend-paying whole life insurance policy as your own personal bank. And it works. Infinite banking has been called the **most efficient and effective way** to use your own money to build wealth. It's been referred to as one of the best ways to pass on your wealth to family members, loved ones and charitable causes. It's been called a better way to bank, a path to financial freedom and a money-managing technique that needs to be taught in school. But is it right for you? Infinite banking isn't for everyone. It takes a certain kind of person to grab the financial bull by the horns and wrestle control away from it. Do you have what it takes? Keep reading to find out. #### What It Takes to Become Your Own Banker Being your own banker comes with benefits that are both tangible and intangible. The tangible include **easy access to your money, tax-free loans and growth**, and dividend payments that help you break free from banks. The intangible benefits include peace of mind, knowledge that you are making smart financial decisions and hope for a brighter **[financial future](https://www.themcgriffalliance.com/blog/how-to-take-control-of-your-financial-future)** for you and your loved one. Likewise, the traits that allow people to successfully become their own bankers are both tangible and intangible – and the intangible are what will determine whether you are ready to begin practicing infinite banking. **This is because nearly anyone can achieve the tangible:** - Acquire a large whole-life insurance policy - Pay into your life insurance policy for several years to build a large cash value - Have a need to make a major purchase. See? Simple. Nearly anyone can get a whole-life insurance policy, pay into it and aspire to make a major purchase or two. **However, not everyone can achieve the intangible traits needed to be his or her own banker:** - An appreciation for access to "quick money" that is essentially interest free – and the willingness to invest a handful of years building equity in a whole-life insurance policy - An understanding of the powerful role that returns and dividends play in helping you build wealth (or the willingness to invest a little effort in educating yourself about returns and dividends) - The willingness to take responsibility for the control of your money, make decisions about your financial future, which requires a certain level of commitment that some people don't have - A desire to leverage your own money multiple times annually while only paying interest once each year - A desire to build wealth that will allow you to **live the life of your dreams**, invest and re-invest, leave your family with a guaranteed death benefit, and leave a legacy that will be remembered for generations to come. These are the traits it takes to succeed with infinite banking. They are also the traits that most Americans possess. Unfortunately, they are usually subjugated by financial planners and advisers who do not want to cede control (and the guaranteed payments from clients that come with it) to the people who hire them. If you have what it takes to be your own banker and practice infinite banking – or if you simply want to learn more about the benefits and the practice – [**connect with McGriff**](https://www.themcgriffalliance.com/blog/how-to-choose-a-financial-planner) to discuss your options. You and your family will be glad you did. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/1859948/0c8cfae5-a609-42e6-a679-f7ff1eae502d.png)](https://cta-redirect.hubspot.com/cta/redirect/1859948/0c8cfae5-a609-42e6-a679-f7ff1eae502d) ## Leave a comment ![bg-img14.jpg](https://www.themcgriffalliance.com/hs-fs/hubfs/images/blog_page/blog-subscribe.jpg?width=750&name=blog-subscribe.jpg "bg-img14.jpg") ## Subscribe to Our Blog Sign up to keep up with our latest updates. ![Joel McGriff](https://www.themcgriffalliance.com/hubfs/images/about_us/joel.png) Written by [Joel McGriff](https://www.themcgriffalliance.com/blog/author/joel-mcgriff) Joel began his financial services career with the Principal Financial Group in Minneapolis. In 1985, Joel moved to Birmingham to build a practice around the many relationships he had developed while growing up in North Alabama. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/1859948/2d74dc3b-c05d-464d-b90e-864bab349306.png)](https://cta-redirect.hubspot.com/cta/redirect/1859948/2d74dc3b-c05d-464d-b90e-864bab349306) ### Posts by Topic - [Prosperity Economics (26)](https://www.themcgriffalliance.com/blog/topic/prosperity-economics) - [Life Settlements (16)](https://www.themcgriffalliance.com/blog/topic/life-settlements) - [Infinite Banking (15)](https://www.themcgriffalliance.com/blog/topic/infinite-banking) - [Alternative Investments (9)](https://www.themcgriffalliance.com/blog/topic/alternative-investments) - [Financial Advice (9)](https://www.themcgriffalliance.com/blog/topic/financial-advice) - [Heritage Planning (9)](https://www.themcgriffalliance.com/blog/topic/heritage-planning) - [Wealth Planning (6)](https://www.themcgriffalliance.com/blog/topic/wealth-planning) - [wealth management (6)](https://www.themcgriffalliance.com/blog/topic/wealth-management) - [Advice (5)](https://www.themcgriffalliance.com/blog/topic/advice) - [retirement planning (5)](https://www.themcgriffalliance.com/blog/topic/retirement-planning) - [debt management (4)](https://www.themcgriffalliance.com/blog/topic/debt-management) - [Life Insurance (3)](https://www.themcgriffalliance.com/blog/topic/life-insurance) - [Longevity in America (3)](https://www.themcgriffalliance.com/blog/topic/longevity-in-america) - [Risk Assessment (3)](https://www.themcgriffalliance.com/blog/topic/risk-assessment) - [Bank (In)Security (2)](https://www.themcgriffalliance.com/blog/topic/bank-insecurity) - [Civil Forfeiture (2)](https://www.themcgriffalliance.com/blog/topic/civil-forfeiture) - [Risk (2)](https://www.themcgriffalliance.com/blog/topic/risk) - [Stock Picking Contests (2)](https://www.themcgriffalliance.com/blog/topic/stock-picking-contests) - [Suze Orman's Advice (2)](https://www.themcgriffalliance.com/blog/topic/suze-ormans-advice) - [multi generational financial planning (2)](https://www.themcgriffalliance.com/blog/topic/multi-generational-financial-planning) - [Are Banks Unsafe? (1)](https://www.themcgriffalliance.com/blog/topic/are-banks-unsafe) - [Company Stories (1)](https://www.themcgriffalliance.com/blog/topic/company-stories) - [Dartboard Investments (1)](https://www.themcgriffalliance.com/blog/topic/dartboard-investments) - [FDIC insurance (1)](https://www.themcgriffalliance.com/blog/topic/fdic-insurance) - [IRS bank account confiscation (1)](https://www.themcgriffalliance.com/blog/topic/irs-bank-account-confiscation) - [Longevity (1)](https://www.themcgriffalliance.com/blog/topic/longevity) - [Medicare (1)](https://www.themcgriffalliance.com/blog/topic/medicare) - [Monkey Picking Stocks (1)](https://www.themcgriffalliance.com/blog/topic/monkey-picking-stocks) - [Reasons Banks Aren't Safe (1)](https://www.themcgriffalliance.com/blog/topic/reasons-banks-arent-safe) - [Risk Assessment Questionnaire (1)](https://www.themcgriffalliance.com/blog/topic/risk-assessment-questionnaire) [see all](https://www.themcgriffalliance.com/blog/do-you-have-what-it-takes-to-be-your-own-banker#) ### Popular Articles #### Contact **The McGriff Alliance** 2201 Providence Park, Suite 100 Birmingham, AL 35242 **Phone:** 205-991-4448         **Fax:** 205-991-4496 Email: [joel@tm](mailto:joel@mcgriffburrus.com)afamily.com #### Site map #### Email For newsletter ### Subscribe to Our Newsletter Copyright © 2018 The McGriff Alliance. 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