R. Nelson Nash is the founder of the Infinite Banking Concept (IBC), a process that he laid out in his bestselling book, Becoming Your Own Banker. He teaches individuals and business owners to free themselves from bondage to outside financial institutions through the proper use of dividend-paying whole life policies. Nash was trained as a forester and worked in that area as a private consultant, before moving into the life insurance industry.
Nash is a life-long fan of the Austrian School of Economics, a passion he developed under the tutelage of his mentor, Leonard Read, who founded the Foundation for Economic Education (FEE). From its beginning, Nash’s IBC was thus intimately connected with the Austrian School. This is why it was so natural for us (Lara and Murphy) to “marry” the two frameworks in our own book, How Privatized Banking Really Works.
The Nelson Nash Institute was founded to bring Nash’s revolutionary and liberating ideas both the general public and to financial professionals who are interested in using IBC in their own practices.
A native of Georgia, Nash received a B.S. Degree in Forestry from the University of Georgia, 1952. From 1954-1963, Nash worked as a Consulting Forester in eastern North Carolina.
During more than 35 years experience as a Life Insurance Agent, Nash worked with The Equitable Life Assurance Society of the U.S. and with The Guardian. Recognized for his high achievements, Nash was inducted as a Hall of Fame Member by Equitable, a Chartered Life Underwriter, and Life Member of the Million Dollar Round Table.
A pilot for 60 years, Nash flew with the Army National Guard, and earned Master Aviator Wings during his 30 years of military service.
He has been married to Mary W. Nash for more than 50 years. The couple live in Birmingham, Alabama and have three children, ten grandchildren and five great-grandchildren.