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The Family Banking (Part 1) – Setting the foundation

What This Covers

A step-by-step guide to running a real Family Banking Meeting, using Jason’s personal system as a live example. Covers the full agenda, teaching approach, family policies, and governance strategies that turn Infinite Banking into a disciplined, multi-generational structure.

Why Clients Use It

  • To model their own family banking meetings with structure and clarity

  • To establish ground rules that support long-term wealth and responsibility

  • To equip kids with financial literacy, mindset, and ownership

  • To ensure fairness and enforceable terms in family lending

Key Insights by Timestamp

(00:01)Meeting Setup

  • Held during family vacation to create positive memories around money

  • Pre-planned agenda, meeting chair, and time limit (~1 hour)

  • Meetings are recorded; one person assigned to take notes

(01:25)Opening the Meeting

  • Acknowledge Nelson Nash and the roots of the Infinite Banking Concept

  • Revisit family banking rules (e.g. 10% interest on all loans, money must be repaid, death benefits reimburse prior contributions)

  • Humor and tone set intentionally: this is a “business meeting,” not a casual hangout

(02:45)System Discipline

  • Borrowers who default lose access permanently—even kids

  • System is open to participants, not spectators

  • Operates like a private lending institution: full documentation, full accountability

(04:31)Recognizing Contributions

  • Acknowledge repayment progress and expansion (new policies, engaged youth)

  • Children are directly involved and praised for initiative (e.g. repaying loans, saving consistently)

(05:42)Education Segment

  • Each meeting includes a coaching moment (family member can lead)

  • Topics pulled from Nelson’s book or Ascendant’s client portal

  • Children learn: Save 25% of all income, understand the policy system, and practice respectful access

(08:10)Estate Planning Review

  • Family reviews wills, power of attorney, and death benefit plans

  • Purpose: Ensure smooth wealth transition and system continuation

(09:35)Loan Access Rules

  • All loans require repayment with interest

  • The banker sets the terms, not the borrower

  • Loan agreements are formalized (e.g. promissory notes signed, interest outlined)

(10:22)Windfall Guidelines

  • Reimbursement of previous contributions at death is available only to family members with active policies

  • Protects against unintended leakages of wealth (e.g. through divorces, new spouses)

  • Trusts may be used to structure safeguards

(12:48)Transparency & System Review

  • Jason shares his full 63-policy system across family and staff

  • Loan activity, repayment schedules, and cash flows are reviewed openly

  • Kids gain firsthand understanding of banking operations

(14:15)Client Resources

  • All agenda templates, tools, and examples available in the client portal

  • Families encouraged to adapt the structure, but not the rules

What You’ll Take Away

  • A repeatable meeting structure you can implement immediately

  • Templates and examples for formal family banking operations

  • Confidence to involve children in banking decisions

  • A long-term strategy to keep your family united, financially literate, and in control