About the Book

"The sum is greater than its parts" not only describes the wonderful marriage of chocolate and peanut butter in a Reese's Cup but also applies to DIBS. The Dynamic Income Banking System incorporates two unconventional yet powerful financial strategies: the Infinite Banking Concept and the Income Snowball. This system not only can provide you and your family consistent passive income but also builds wealth, provides a legacy, and can make your dreams of an early retirement a reality.

This book describes Mike Kwong's own journey living what he thought was the American Dream. He soon realizes that he was just another rat in the race, only in an even bigger and fancier wheel. Further, he also noticed that the average American is too dependent on banks and mountains of debt and interest. The little we can save often sits idly and is ever eroded by increasing inflation and taxation. However, with DIBS you can turn this situation around and become your own banker, activate and master your money, and finally have it work for you!

Mike Kwong has always been fascinated by money and how it works. He toiled and worked hard for his money in multiple career fields, running different businesses while investing in real estate and the stock market. After learning and mastering the unique financial strategies in this book, culminating in the development of DIBS, he finally put his money to work and was able to retire early. Today he and his wife Pei-Jiin live in Houston, Texas with their daughter, Jackie, and two cats.

Autobiography

Mike Kwong is the quintessential lifelong learner. After graduating from Brown University, he started off as a fashion retail executive in Boston, Massachusetts, where he met his brilliant and supportive wife and partner in all things, Pei-Jiin. There they bought their first of many investment properties over the years. After law school, Mike joined the Navy to learn Chinese and earned an associate degree. While stationed in Hawaii and working as an intelligence analyst for the National Security Agency, he started selling options on his dividend-paying stocks, always looking for new and better ways to earn extra, passive income. While still in active duty, he earned his MBA and also learned of the Infinite Banking Concept financial strategy, which allows one to set up their own private banking system. He was hooked and started policies for each member of his family.

After separating from the Navy and moving to Texas, Mike earned his master's degree in education and taught in public schools. The Kwongs eventually ran their own college consulting business, all while continuing to manage their stock and real estate portfolios. It was then that they learned of Tardus and the Income Snowball system. Soon enough Mike and Pei-Jiin developed their Dynamic Income Banking System (DIBS) system, which seamlessly combines the two strategies of guaranteed, tax-free growth and compounding, passive income. Fine-tuning and mastering DIBS allowed them to become job-optional by forty-five and for Mike to pursue his life's ambition as a student-teacher. Now, he helps others reach financial freedom and make their money work for them, and he aims to share this system with the world, beginning with this book.