By Black Hills Financial Planning
We’ve traced the history of money and banking — from the goldsmiths of Europe to the Federal Reserve, from the creation of money as debt to the hidden cost of usury and compounding interest. Now comes the most important part: what you can do with this knowledge.
Because while the financial system may be designed to keep families paying interest and losing ground to inflation, there’s another way. You can take control of your money by creating a personal or family banking system — the same strategy wealthy families have used for generations to preserve and grow wealth.
How the Wealthy Do It
Consider the Rockefellers. Unlike other wealthy dynasties, they didn’t lose their fortune over time. More than six generations later, their family office still manages billions of dollars and supports over 150 descendants. The key wasn’t luck — it was structure.
They kept money together using trusts and financial vehicles that allowed them to lend money within the family, repay themselves with interest, and protect assets from taxes, lawsuits, and inflation.
In other words: they became their own bank.
Why Traditional Banking Works Against You
Most families, by contrast, operate in the traditional system:
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They borrow money from banks for homes, cars, and education.
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They pay interest to outside institutions, reducing their own wealth.
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They keep savings in bank accounts that earn less than inflation, ensuring money loses value over time.
This cycle makes banks wealthy — not families.
Remember: the average American household spends three-quarters of its income on interest and taxes. That’s wealth flowing out of your hands every month.
The Alternative: Your Own Banking System
Here’s the exciting part: you don’t have to play by those rules. With the right strategy, you can create a banking system that works for you and your family.
This often involves using properly structured whole life insurance policies as the foundation. When designed correctly, these policies allow you to:
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Build guaranteed cash value that grows over time.
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Borrow against your own policy to finance cars, education, business ventures, or even debt payoff.
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Repay yourself with interest, keeping money in your family instead of sending it to Wall Street or credit card companies.
It’s not about insurance in the traditional sense — it’s about using a time-tested financial chassis to build stability, liquidity, and long-term wealth.
What This Looks Like in Practice
Imagine needing $20,000 for a car. In the traditional system, you’d go to the bank, take out a loan, and spend years making payments (with interest) back to the bank.
In a family banking system, you borrow the $20,000 from your own policy. You set repayment terms, pay yourself back with interest, and when the loan is repaid, the money is still in your system — growing and compounding for your future.
Multiply this over a lifetime of financial decisions — cars, college, home repairs, business opportunities — and the savings (and wealth-building) become enormous.
Why This Works
This strategy turns the tables on the financial system by:
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Reversing the flow of interest – instead of paying banks, you earn it.
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Keeping wealth in the family – money circulates within your system, not someone else’s.
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Providing stability – unlike Wall Street accounts that fluctuate, your system grows steadily, tax-advantaged, and with guarantees.
It’s not about getting rich overnight. It’s about building financial independence and resilience over time.
How Black Hills Financial Planning Helps
At Black Hills Financial Planning, we specialize in helping families design their own banking systems. Our process is simple but powerful:
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Spending Report & Analysis – We start by mapping out your debts, interest rates, and cash flow.
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Custom Strategy – Together, we build a plan that eliminates debt faster, reduces taxes, and redirects interest payments back to you.
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Implementation – With the right tools (often whole life insurance structured for cash flow), we help set up your personal bank.
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Ongoing Support – Life changes — and so does your financial plan. We provide ongoing guidance to keep you on track.
The result? A financial foundation that grows stronger year after year, giving you peace of mind today and security for the next generation.
Conclusion
The history of banking shows us one clear truth: the system is designed to benefit those who control money creation. But history also shows us that families who understand the rules can rise above them.
By building your own banking system, you stop being just another customer paying endless interest to banks. Instead, you become the banker — keeping your money working for you and your family.
👉 If you’re ready to stop losing ground and start building lasting wealth, schedule a free consultation with Black Hills Financial Planning today. There’s no cost, no obligation — just the chance to see what financial independence looks like when you control the bank.
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