Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner. Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy. https://www.farmingwithoutthebank.com/
…
continue reading
The archaic system of giving up money today, taking on risk, and hoping to retire is B.S. This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.
…
continue reading
We have far too many current farm owners who are in debt, and the next generation is trying desperately to save the farm by putting themselves at risk. This has to stop! Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 181 - What Does "You Become the Banker" Really Mean?
9:37
9:37
Play later
Play later
Lists
Like
Liked
9:37
We love the idea of having control of our money and not answering to the bank, but we then end up not knowing what to do. When you become the banker, you have to make your own payback terms; you have to put on your banker hat. When you sign your policy documents, you have, at that moment, become a business owner of a bank! Get ready: you have all t…
…
continue reading
Shane Anderson talked to us about how he made the decision to quit working off the farm and farm full-time. Tune in! We have solid advice about how to do it. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
Stop spreading yourself so thin just because you can do it all. Your business will run smoother and you'll make more money when you focus. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
So many people, ag industry included, want to be quick to make the judgment that, "people don't understand us." Let me encourage you to stay openminded, look at both sides of the story, and teach and communicate well with people instead of fighting and being short. Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
IBC provides the solutions for needing liquidity, control, and guarantees. That is not provided in a traditional banking setting. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
With commodity prices the way they are now, so many folks are scrambling, yet we have had some decent years in the past. Are you preparing in the good times for the bad times. Are you really looking at your numbers to make sure you are making a profit? Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 178 - Why IBC Shines During Market Downturns
21:54
21:54
Play later
Play later
Lists
Like
Liked
21:54
It boils down to liquidity, control, and guarantees. While the market fell hard this week, it proves IBC is the answer for those three things. The concept is far more important to understand the problem so you can understand the solution. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 261 - You'd Find a the Money for Land and Equipment
12:11
12:11
Play later
Play later
Lists
Like
Liked
12:11
If the land next door became available, you'd find the money for the land payment... yet many wonder where the money will come from for their IBC policy. Let's talk about it. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
What do you pay first if you can't afford both? Well, that depends on many things! Hang in there with me on this podcast; it can get a bit confusing. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast)
1:04:29
1:04:29
Play later
Play later
Lists
Like
Liked
1:04:29
Join hosts Corey and Tanner as they welcome Mary Jo to the Farm4Profit podcast to dive into the world of financial independence for farmers. In this episode, Mary Jo explains the Infinite Banking Concept and how it can be a game-changer for farmers looking to gain financial control, reduce dependency on traditional banks, and build generational wea…
…
continue reading
Don't always get your feelings hurt when the bank says no. Sit back, look at why they are doing that, and use it to your advantage. They may just be saving your butt. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
As a consumer, you have to be able to weed through the noise and realize you may actually be smarter than the keyboard warriors online. Let's address some of the comments we can find online in forums that have zero merit. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 175 - Prepare in the Good Times for the Bad Times
12:18
12:18
Play later
Play later
Lists
Like
Liked
12:18
Always be prepared to have cashflow or low debt in the good times. Things always change, and you don't want to be in a situation where you are caught owing money and have no cashflow coming in. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 258 - Self-Insuring and Crop Insurance
16:40
16:40
Play later
Play later
Lists
Like
Liked
16:40
Nelson talks about using IBC to self-insure, and I can't say it's as easy as some folks make it out to be. With today's costs, it's very hard on the home and auto side, then you add in crop insurance, and it's nearly impossible, based on the research I have done. Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 174 - Who Are You Taking Advice From?
13:40
13:40
Play later
Play later
Lists
Like
Liked
13:40
Be careful when asking others for their opinions when you are an expert on a matter. Knowledge is one thing if it's gained from due diligence; it's another when it's repeated without good sources. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
Is your farm setup well enough to take a month off? My business is not. This is definitely something to think about. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 173 - Client Interview: Justin Freswick
26:14
26:14
Play later
Play later
Lists
Like
Liked
26:14
Justin is using IBC and his life insurance policy like crazy! Listen in and learn how to use your policy and move forward with cash-flow-generating ideas. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 256 - What is the Infinite Banking Concept?
11:47
11:47
Play later
Play later
Lists
Like
Liked
11:47
In this episode, we are diving into the concept of Infinite Banking. Highlighting key points from Nelson Nash's book, 'Becoming Your Own Banker,' the discussion covers the foundational mindset shifts required for Infinite Banking. The episode addresses common misunderstandings, critiques current financial systems, and stresses the importance of pro…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 172 - Term Insurance is NOT the Worst
13:20
13:20
Play later
Play later
Lists
Like
Liked
13:20
In this episode, we are discussing the misconceptions around term insurance and its value as a short-term death benefit solution. I explain different types of term insurance, highlighting their benefits and when they might be suitable. While term insurance is not a long-term solution like whole life insurance, it is important to maintain some form …
…
continue reading
Let's bust more myths: companies don't pay claims; premiums increase; companies collapse; whole life is expensive; and any agent can help with IBC. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
Here we are again... Dave and I agree, but he seems to be talking out of both sides of his mouth. Finally, he has addressed putting money into things you know, but why then is he talking about putting money into IRA's and 401k's when you don't know those things? Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
I had the privilege of being on the Barn Talk podcast a year ago and want to share that with you guys today. Enjoy! Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 170 - How to Treat Capital Investments
12:22
12:22
Play later
Play later
Lists
Like
Liked
12:22
Have you put money into your business and paid it back? If you are putting a capital investment into a business, you better pay that back to yourself and figure in your time per hour. Without doing this, you are not looking at real numbers for profit and expenses on the business side. Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 253 - Ways to Use the Infinite Banking Concept
15:56
15:56
Play later
Play later
Lists
Like
Liked
15:56
It's called "infinite" for a reason, and that can be very hard to see when you are only looking down your lane. What are you using money for that you could actually be using the infinite banking concept for? Is it college, farming, rentals, braces for the kids, or something else? I challenge you to not only take the blinders off but get the book "B…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 169 - Passive Investors Manipulate the Market
17:15
17:15
Play later
Play later
Lists
Like
Liked
17:15
Wealthion had a great podcast interview that I sum up here as best I can. The moral is, the gov't created a "solution" that is now creating a problem for which they can create another "solution". The opt-out 401k option is not actually helping but could hurt the market, depending on employment rates. Take a listen; there is a lot here. Audio Produc…
…
continue reading
Today we talk about: Are kids' policies better than adults' policies? Am I just selling you something? Should tobacco users forget about having a whole life insurance policy? Should your premium be a certain percent of your gross income? Can you retire on your cash value? Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 168 - Selling is Not Bad; Get Over It!
16:32
16:32
Play later
Play later
Lists
Like
Liked
16:32
Every one of us is a salesperson to some extent, yet so many folks are up in arms over people selling them something. Listen in and challenge your thought process. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
Regardless of what you think, the bank has control, and you are the employee of the bank. If they call a note and you don't have the cash to pay that, they are in control. You need to know your numbers or they will take an opportunity to manipulate you. Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
It's about that time of year where parents have college coming up to pay for. Student loans are a joke, and parents are being stuck with the bill. Society has said, pay cash for your kids and never have them pay you back. There are better ways, and you as the parent need to stop using your retirement to pay for the kids' college. Audio Production b…
…
continue reading
This is a common question that I hear, because people think the insurance companies are stealing money. Why? I have no idea... but let's address what they *actually* do with your money to ensure the death benefits get paid out. Audio Production by Podsworth Media - https://podsworth.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 166 - Economy Update (with German Passion!)
16:28
16:28
Play later
Play later
Lists
Like
Liked
16:28
I stay away from the news for a reason, but I figured I'd take a listen this week, and now I'm mad. We are supposed to lose jobs in order to stop spending and get back to where the gov't thinks we should be. The thought process around this is absurd! Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading
Today we talk about loan interest as a tax deduction; being debt-free but having policy loans; 1035ing cash value; loans for cash flowing assets; and the idea that life insurance companies are banks. Why are these ideas misunderstood or inaccurate? Audio Production by Podsworth Media - https://podsworth.com…
…
continue reading