A Path to Financial Peace of Mind

by Dwayne Burnell

In A Path to Financial Peace of Mind, financial educator and personal financial coach, Dwayne Burnell, MBA challenges the status quo by questioning the common financial messages we hear everyday. He shares a tried and true financial strategy for managing and building long lasting wealth that's been widely overlooked by conventional media.

The book presents case studies with carefully crafted examples to help you understand the effects of time, interest, and risk on your money. You will not only learn how to shield your savings from stock market losses, but also how to achieve healthy, predictable growth while maintaining liquid access to your cash.

Dwayne makes this powerful tool easy to understand and implement as part of a lifetime financial strategy for individuals, couples and families of any age and income level.

146 pages, Paperback

First published January 1, 2010

Reviews

[Kaleb Michael · Rating 3 out of 5]

This book changed my mindset on life insurance. Once you look at whole life insurance as a savings instrument instead of an investment, its purpose is clear. A whole life insurance policy is a great way to diversify a portfolio. The returns are guaranteed and cash value can be borrowed against tax free at any time. However, every policy should be tailored for individual needs.

[J Chad · Rating 4 out of 5]

This book is a significant improvement on previous efforts to describe this idea. It has the same omissions (e.g., the assumptions of dividend are implicit and not explicitly stated in the charts and graphs), false dichotomy (saving versus investing as equivalent to no-risk versus risk), and exclusion of the effects of inflation on purchasing power that seems to be universal in writings about this subject, but has huge advantages in writing style and clarity of descriptions. If you have any interest in the use of dividend-paying whole life insurance as a financing instrument this book will explain how it can be used for that purpose clearly and well. Just be sure to check all the mathematical assumptions, realize that the power of compounding also eroded the actual value of the (large) dollar amounts projected over decades of accumulation, and watch for hidden expenses (excluding the premiums paid by the daughter from the cost basis in the case study, for example). So, with all those caveats, I still recommend this book to those wanted to better understand this subject.

[Joseph · Rating 4 out of 5]

Not the best IBC book and not the first one you should read, but worth reading if you’ve already read Becoming Your Own Banker, Building Your Warehouse of Wealth, How to Buy Whole Life, and How Privatized Banking Really Works (in the order).

[Jason Bray · Rating 4 out of 5]

Excellent rundown of the infinite banking concept. Good and clear examples of how this works with policy loans

[Lawrence M Law · Rating 5 out of 5]

Dwayne Burnell is talking about Financial Peace of Mind having the assets, liquidity, use and control of those assets with guaranteed rate of return, no risk and saving a ton on taxes... it's a concept called Infinite Banking and is used by the wealthy to protect and grow their wealth...

Now, the average American is getting the knowledge to use it for themselves to become wealthy. I recommend going here www.FamilyBankingWorks.com to get more specific information and short video explanations that help you understand...

It is the best financial program that works that I have ever seen.

Lawrence

[Lisa · Rating 3 out of 5]

Easy to read, which is always a must for a financial book for me. I read it on recommendation of my husband (who read upon recommendation of our financial planner). It gives a good explanation and some clear, easy to understand case studies, of why it and how to make whole life insurance a strong financial vehicle that will work for you throughout your life (and death). I like the focus on family wealth and teaching your children while setting them up for future financial success, as well.

[Ryan]

Good read for fathers and sons.