How to create a family bank?

In this video I share a very powerful strategy that will not only change your family’s legacy, but ensure that every economic downturn turns into an opportunity for your family to get wealthier! This is done by creating a family bank.
This strategy is more than just about leaving a large sum of money for your heirs, because as we compare the Rockefellers vs. the Vanderbilts and the Phipps vs. the Carnegies, all started out making a fortune, but only 2 of the families mentioned are still on the Forbes 400 list of the wealthiest families in the country today and it has to do with what they did with the wealth and how they did it. Watch my video to learn how you too can create a family bank!
RESOUCES:
This video was inspired by the book ► What Would The Rockefellers Do?: amzn.to/2XFDJNQ
#Laurapitko #Familybankstrategy #Familylegacy
👇SUBSCRIBE TO MY KZbin CHANNEL HERE 👇
/ @laurapitko6404
FAVORITE BOOKS / COURSES:
► What Would The Rockefellers Do?: amzn.to/2XFDJNQ
►Transurfing : amzn.to/2LsQNj4
► Outwitting The Devil: amzn.to/2X9xVrH
► Real Estate Investing Courses - Please email me at [e-mail] for more information.
★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★
Facebook: / laura-pitko-1464576883...
Instagram: / laura_pitko
DISCLAIMER: I (Laura Pitko) am not a licensed financial advisor, nor an insurance agent, therefore please consult with a competent professional prior to engaging in any financial strategies. This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support!

[@alyssawooten1260]

The trust taking out life insurance on the members is brilliant! I've never even thought about that. Essentially, if a family without generational wealth could afford to take term policies out and designate a family trust as the beneficiary, they could in theory start from $0 and build up family wealth in 1 generation. Without starting with a huge lump sum of money! Thanks so much for sharing this info. I want to do so much research on the topic now.

[@hansverdieu7770]

Yeah that was very clever, I was thinking the whole time what if someone mismanaged the money but when she the life insurance I was like wow thats brilliant

[@terrim.602]

I think she said the life insurance policy needs to be a whole life insurance policy. Term life is a policy that one pays very little each month, but it is gone if you stop paying. Whole life has a long term value with a DB. I have to watch again to see what she said. I just can't imagine anyone with wealth ever having a a simple, no interest paying policy, but I could be wrong. Gonna watch it again. Laura makes great videos!

[@doyoueatrocks]

It’s been three years, can we have an update please? Did you do it?

[@mickyp9517]

Love the way you explain things clearly and concisely, in an engaging manner!

[@johnreti3917]

Laura, thank you for this video of paramount importance. A very interesting new concept. And your presentations are always so well organized and your calm style is so pleasant.

[@kenguyjnr]

Awesome! Always heard this was a good way to create wealth, but tbh never understood it UNTIL now. Thank you so much. You made it plain and easy to grasp, what is a ridiculously simple concept.

[@deistdean486]

Top tip. Watch this video all the way through with the sound completely off. All upside, no downside.

[@mikleedwards2361]

I have taken the time to listen to most of your subject matter. For whatever reason you are doing good please continue. I cannot stress how much is knowledge is needed because there are many who do not have the benefit of a mentor or someone who has knowledge to pass on and help my children and family and the way that you have. Again, I say to you thank you so much. God bless you

[@mikleedwards2361]

I have herd you speak on many financial issue, that is not known to people, and those who are poor who are not able to achieve much life for lack of knowledge. Thank you, for passing it forward. You are gracious, by giving me the power to understand how to grow wealth, keep it, and create generational financial security. Thank you so much, God bless you.

[@SugarMamma]

Budgeting is so important if you want to take control of your financial destiny. That includes deciding on how the family's bank account. This is how Tom and I manage our family finances and include our financial goals. kzbin.info/www/bejne/qJWbiJ6uq7J0p8k xCC

[@keya31gville]

I love this lady..

[@laurapitko6404]

Thank you!

[@22nbellhome]

Laura, I was just introduced to you and your video explanation of the family bank. You and the program are beautiful! You did an excellent job thoroughly and visually explaining it in an easy to understand manner. It is too bad this is not taught in school. I will embrace this strategy and execute it like the Rockefellers have done. I look forward to your future videos and will be a regular subscriber to your channel. Bravo, Laura!

[@exploringwithdave5926]

This was the best information I have gotten in a long time. I always wondered but was too lazy to research it. Thank you for explaining it so well.

[@CelestialTreasures]

you have wet my appetite enough to do research.... verrrrrry informative thank you.

[@DEO777]

The word is "whet", not wet.

[@CelestialTreasures]

@@DEO777 Thank you for the correction

[@carole.strain8306]

@@CelestialTreasures You are a gentleman for being kind at being corrected. So many others would curse the one who corrected. Thank you. You are a sweetie. :)

[@CelestialTreasures]

@@carole.strain8306 it was free knowledge, I was sincerely ignorant to the correct spelling, I would be conscientiously stupid to reject knowledge. Thank you for your kind words.

[@desco7628]

I have this ;-) Been 6 years now, thanks!!

[@curvs4me]

Man oh man, John D. Was an absolute rocket scientist!!! The sad part is that so many legacies have been lost due to lack of foresight.

[@kjvisual7]

That is really interesting. The concept seems simple yet complicated at the same time. You have become this beacon of hope. The info that you share on this channel is totally new to me. Please keep the info coming. And suggest reference material so that we/I could learn more.

[@terrim.602]

That is how I feel. Laura is truly a beacon of hope. Now we need to read the books and watch the videos of people she references to deep dive into how it works from start to finish.. or continue infinitely 😊 Good luck to you.

[@kjvisual7]

@@terrim.602 I suggest the James Neathery KZbin channel. You will get legit info there.

[@AamirTime]

First came across this concept by looking at the Rothchilds. Can take years to generate significant wealth but it works. All families should have their own bank/trust. I would recommend having reserves of gold and silver to protect against currency inflation. Mike Maloney's series shows the true value of cash. There are very few companies, such as Edelweiss Holdings, who share a long-term wealth building approach. Nice video.

[@bigotea71]

Your a legend! Your knowledge is very powerful. Thanks for sharing your knowledge with us. I love people that help others. Your a blessing! ✨

[@rei12figuresbusiness41]

That was excellent 👌🏾 I’m forwarding this video to other young Entrepreneurs

[@kianzasmommy11]

Good idea to do that!

[@SizzIsNotAHumanBeing]

Don't know how i found you, but glad i did

[@SandorLau]

Awesome. I just heard about the concept of family banks today and your video was first one to come up. Thank you for sharing.

[@abcxyz8124]

Thank you Laura for this informative video. You are a blessing.

[@OnlyMyOpinion]

"Thank you Laura, this video was very informative."

[@laurapitko6404]

You are welcome!

[@dariussmith6385]

This is such great info. It’s rare that I find good financial strategy information.

[@gregbrown5554]

Arrigato, obrigado, multumesc mult, gracias, toda raba, thank you Laura. Priceless relevance.

[@jeancjacques8179]

wow so much that the average joe would never know. this was very informational. thank you. lot of information for process

[@jeanalexandre1105]

A family Bank pretty much operate the same way as a regular Bank. according to another KZbin video on this subject family members may borrow money from the trust with with interest. This Force responsibility on the family member. There's also penalties for not making payments on time and so on and so forth. Rules and regulation for the preservation of the Trust.

[@gu3sswh075]

Jean Alexandre there's also no taxes on the money that grows in that account 👍🏼

[@mistylane5672]

Thank God I saw this video!! You are awesome.

[@adamtoyotaman1]

Your awesome and You always give really awesome financial education to the masses! Great job Laura! 👍

[@iXChels]

Its a good video! Things we should have been thought as school students.

[@RnldsWrap]

Life Changing!

[@ypey1]

You convinced me, now lets create some heirs...

[@kenguyjnr]

I heir that!

[@Vintagenegro]

Lol

[@tonymestrada4422]

fantastic info. totally impressed and now a loyal follower. thank you very much.

[@savealot2]

Amazing! Thanks for sharing.

[@KloySnaehkaraoke]

Thank you and love your hair and this look

[@hlwillis23]

great e ducation and food for thought for building wealth

[@johntiedemann2520]

I am so thankful for this show useful towards our Family, God bless you 😁!

[@marley99ish]

Love your videos!!! Keep up the great work 🔥🔥🔥💪🏾💪🏾💪🏾

[@georgiapeach310]

Great idea! Thanks

[@lexusmichaelfleming1763]

Thank you Laura great video great information.

[@samuelromero159]

This an eye opening, thank you!!

[@trovydauz3564]

Wow! That is a great strategy. Thank you.

[@GigaMoonBoy]

Great video. Inspiring!

[@johnthurston1276]

Great voice Distracting arm movements.

[@snowglider400]

Please upload more videos. Thanks

[@vuidre]

im really learning alot from your channel... thank you

[@jenniferindallas]

This is great! Thanks for sharing!

[@techcityideas]

Beautiful ;), thank you so much :)

[@TaurusBaileyAttorney]

Love this

[@sharan96vj888]

Well planned strategy

[@jzk2020]

This is actually ingenious.

[@mikeclarkthefinanceguy9680]

Read wait till I get my money right on Amazon and that will be a start.

[@hjw8292]

Laura Pitko Where are you? Hope all is well.

[@wcartercarter6]

Great stratagy thanks for the info

[@pilot41186]

Great video!!

[@farhanabdulhamid4214]

TNX GOOD

[@bossclub3]

Awesome information

[@mislam9715]

Excellent!

[@proper_gander3608]

Brilliant.

[@truesaeedco]

it's called Whole Life Insurance Policy, what a great concept, I have seen other videos talking about it before but they are not as sexy and beautiful lol, Laura Pitko is the best in the business :)

[@jzk2020]

*Unzips zipper zip* .....

[@ba77leman]

W fam

[@maxinterview3435]

Laura, do you know what age you can begin a whole life policy...?

[@Smith-nk2wu]

I love your channel and your accent.

[@imakebigsmiles]

You have the cutest, youthful accent! 😍

[@TonyMontana_.]

Omg you are soooo gorgeous!!! I just fell in love!!

[@Lindafourhangerboutique]

If you have extra money where is the best place to put it?

[@ejcorinealdi]

My question is. What would be the best way to fund the bank? Is it a monthly fee per family member, or they just pay interest of the loans they take? Also, when they get their whole life insurance policy, do they pay their premiums to the company or to the family bank? Or does the family bank have to own the policy on the members and receive the premiums from them?

[@michaellee5363]

Its very hard to watch these videos without trying to get threw the screen ...

[@Darylbnet67]

Good info, what about exclusion of family members? Is that possible, or would all grandchildren have legal rights to the trust, even if not added?

[@stunter78]

Beautiful, intelligent, and smart with money... Angels do exist!

[@masterkong369]

Infinity banking concept

[@hawkeye00019]

Awesome.. Its so cool that you give truth all through...

[@bolonggrear9122]

Please include details in show notes. Your accent is cool, but I struggle to understand a few things. What is the website for the Phipps Letter to his son? I love the topic. Thank you

[@david23isaac]

There's a book called, "what would the Rockefellers do".. explains everything in detail.

[@TranNguyen-pk6in]

David Martinez Thank you!

[@enjoythedreamlife5658]

Laura great video smart lady

[@fvm9576]

How much money would you need to start a family bank and what places would help in setting this up?

[@allansantana868]

Interesting..

[@tahirshah6979]

I have made a portfolio of 23 housing plots. I sell all those whose price growth is lower. Do you suggest that I may sell 10 of these and construct 10,11 houses where from I will receive rentals on monthly basis. Plz advise.

[@chewy98ta28]

You are sexiest woman alive and wicked smart. I try to go a few months in between watching any of your videos so I don't fall too much in love. Please do a video on how evil John D. Rockefeller was and all his crimes against humanity so everybody can figure it out.

[@darkpassenger7172]

This is so interesting, I’ve never considered how much my family could prosper if we could enforce a system like this. It remains a shame however that this could never happen due to never being able to convince certain family members. That being said, I guess the question is how on earth would you convince them that this simple system would be so beneficial IF we could implement it!?

[@cratelab]

I was thinking the same thing and then I realized: one can only worry about self. So build your empire, start with your immediate family and prosper.

[@darkpassenger7172]

Omar Heron that’s the answer right there, thank you. I may not be able to convince my siblings however I can quite simply educate my own children in this way. 🙏

[@cratelab]

@@darkpassenger7172 Yep. Quick story: Years ago, I suggested to my inlaws that we should consider an endeavor together that would ensure us a collective financial gain, along with other benefits. They all looked at me like I was crazy... accept my father in-law (the successful business owner). He looked at me and smirked. He knew I got it while everyone else wanted to follow what they had been told. Sometimes you have to lead blindly into the darkness to find the light that others would not dare seek. Good luck and be well.

[@The_CodyBell]

Learn how @ 3:05 Great video btw

[@thesriramsofpa]

You are smart, savvy, beautiful and gorgeous!! I love you!!

[@yaryar1976]

Nice

[@GeorgeTorres]

I just played the Powerball. It’s now 289 million. After taxes. I want to split the money in half. One half for my wife and I. Just like This video I want to start a trust. How do I do that? Are there any way to access the governing documents so I can set up the same family office? How to I build a financial team to set this up? Any links I can go to a read more to get the paper work started?

[@terrim.602]

I haven't read it, but I wonder if you read the book about the Rockefeller's you will get your questions answered. Idk, but it's worth a look! Good luck. ☺️

[@Miss1983PYT]

I wasn't able to find the letter to his son on the Bessemer site. Could you share it? Thanks!

[@MrNoseynate]

Very interesting ,but I am an hourly worker. I am looking to make work for me , how do I do this.

[@SteveWrightNZ]

Very clever girl

[@HowToLoseWeightDaily]

Megan Fox.. as Wonder Woman or Laura Croft would have worked.. anywho u should come to WDC.. we should meet smiles

[@TheArgoBots]

And those families arent gonna tell you a damn thing about what they do.

[@expertadvisorforextrader6609]

is this available in the UK?

[@Brian-vz7xe]

It said "How to become your own Bank." I didn't see any how to'es.

[@kauigirl808]

Make babies and grand babies.

[@highlysuspiciousnews8641]

Start a trust. Act like the trust is the family bank

[@jmm1817]

She said, start up a trust that acts like a bank.

[@cheryljones3]

What company do you recommend for getting a quote?

[@teamphoenixleaders4736]

The strategy can work wonderfully IF structured and funded properly. If not it will be a disaster. Do your homework and MAKE sure you are working with someone that have been structuring these for a number of years. Life insurance can pay BIG commissions. Just remember the higher the death benefit the higher the commission.

[@garrettholmes1645]

Hey

[@curlychk]

I don't see a reason any wouldnt/ couldnt do this... are there?

[@dalejacobs746]

Can you email me the letter Henry 5th's sent to his son?

[@timjones9085]

a whole life pitch! Imagine that! Whole life is the worst life insurance you can get!

[@GeorgeTorres]

What’s is the minimum amount of money to start a system like this?

[@highlysuspiciousnews8641]

0

[@begaqincer]

how much life insurance they purchase?

[@terrim.602]

I think she said as much as they could get for that baby or person. The highest DB possible.

[@nicksalazar6444]

Beauty and brains I allways learn so much from you if only fate would lead me to you the world could be ours

[@DaIIasCowboyFan]

If you look deep enough these families are evil to the core! You cant get that high up in the chain without getting into some shady things.

[@terrim.602]

That's probably true, but if you put something like community service requirements in the Trust, maybe there will be more kind wealthy people.

[@joannthomases9304]

This was lot of name dropping to say, trust, and life ins. Got it. Could have spent more time on actual trust words, and more trust education. It's tricky.