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/
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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.
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Ep. 273 - Life Insurance is NOT an Investment!
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Life insurance offers guarantees, liquidity, control, and uninterrupted compound interest, which makes it fundamentally different from traditional investments with returns. Understand your policy so you can sift through the sea of noise created by financial advisors. Audio Production by Podsworth Media - https://podsworth.com…
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Today, we are exploring 5 misconceptions surrounding the Infinite Banking Concept. Learn why it's essential to use your imagination, reason, logic, and due diligence to manage money more effectively. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 273 - Yes, Charge Family Interest!
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Learn the significance of charging interest when lending money to family members. We're discussing how adopting the role of an honest banker will not only minimize lost opportunity costs, but actually benefit both the lender and the borrower in the end. Audio Production by Podsworth Media - https://podsworth.com…
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Ep. 189 - For the Love of Pete, They Are Lying!
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Today we are having a passionate conversation about the pitfalls of Universal Life and why Whole Life is the ONLY choice if you want a policy structured for infinite banking. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 272 - Why Loans Don't Make You Money
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Learn why loans on your policy do not generate income, but instead how paying extra interest as premium will maximize financial growth. We break down key principles from Nelson Nash's book, highlighting strategic borrowing, repayments, uninterrupted compound interest, and the honest banking practices needed to become your own banker. Audio Producti…
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Ep. 188 - Why Aren't You Being Told?
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Today we are talking about the real reasons behind the obscurity of IBC, understanding the significance of controlling your finances, and navigating through the abundance of financial misinformation. Audio Production by Podsworth Media - https://podsworth.com
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Meet John Hasche, a trained agent and expert in Infinite Banking and farming-related financial solutions. We are talking about the power of death benefit, the financial flexibility that IBC allows, and why John might be the right agent to schedule with, especially for those eager to start a policy this year. Audio Production by Podsworth Media - ht…
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Imagination is crucial for understanding and utilizing the Infinite Banking Concept effectively. Learn why it's essential to break free from traditional financial thinking and how you can apply this concept to various areas of life. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 186 - Dividends Do Get Paid
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The best tool for IBC is a dividend paying whole life policy with a mutual company. Today I'm talking about what that all means, how it works, and why it's important for taking control of the banking function in your life. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 270 - Starting IBC During Hard Times
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Let's talk about starting using IBC during challenging economic times, especially when commodity prices are low. It's all about being strategic, beating Parkinson's Law, and maintaining financial control. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 269 - The Importance of Strategic Planning
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Today we're addressing common concerns about committing funds to life insurance policies and the importance of understanding the long-term benefits. Using life insurance as a financial tool is like building a business or farming; we need to be patient to see the long-term gains. Audio Production by Podsworth Media - https://podsworth.com…
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Ep. 185 - Why Business Costs Always Reach the Consumer
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We are discussing who ultimately bears the burden of business costs and taxes, using examples such as the North Dakota property tax measure and potential tariffs on John Deere. Let's talk about how businesses typically pass these costs to consumers and the broader implications of such economic policies. Audio Production by Podsworth Media - https:/…
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Ep. 268 - The Power of Owning a Whole-Life Policy
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The owner has ALL the control and owns that asset. No one can ever change that; not even if you die before the insured. Audio Production by Podsworth Media - https://podsworth.com
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After reading Becoming Your Own Banker, people want to self-insure for their autos. As I understand what Nelson was saying, I don't necessarily agree, considering today's prices of new vehicles and the cost to repair. This fits in the right situation, but you need to make sure it's actually the right situation. Audio Production by Podsworth Media -…
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Ep. 267 - 5 Reasons IBC is Not a Money Market
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Some miss the point of IBC being done through dividend paying whole life insurance policies, and they think a money market is the same. There are 5 big reasons why they are not even close to the same. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 183 - I Understand, BUT...
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Many think they understand IBC and then ask questions that indicate they have missed then entire concept. Let's talk about what this means. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 266 - Four Reasons I Don't Like LLCs for Farming
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Here are the four things I run into when I see farms in LLCs. There are good reasons to have an LLC, but unless you do your setup and maintenance right, you will actually be hurting further generations. Audio Production by Podsworth Media - https://podsworth.com
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Ep. 182 - Discounted Dollars
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What if I gave you a dollar in exchange for .50 cents, income tax free? Would you go grow quarters? This is exactly what the life insurance company does when you buy death benefit, and yet so many folks do not understand. Leave generational wealth for your family, use it to help with lost income from care, etc. The ideas are infinite. Audio Product…
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Ep. 265 - Who's Saving the Farm?
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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
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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…
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Ep. 264 - When to Quit Your Day Job
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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
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Ep. 180 - Riches in the Niches
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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
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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…
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Ep. 179 - IBC vs. Traditional Banking
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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
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Ep. 262 - Are You Prepared?
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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…
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Ep. 178 - Why IBC Shines During Market Downturns
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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
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Ep. 261 - You'd Find a the Money for Land and Equipment
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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
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Ep. 177 - Premium First or Loan First?
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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
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Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast)
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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…
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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
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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
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Ep. 175 - Prepare in the Good Times for the Bad Times
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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
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Ep. 258 - Self-Insuring and Crop Insurance
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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…
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