Farming Without the Bank Podcast

To help you better understand where Nelson Nash was coming from when he created the Infinite Banking Concept, I break down his five main principals. As you will see, these all truly tie together when you start to try to figure out what IBC really is. These same principals will guide you through the process as you get into using your policy. They may seem simple, but simple things can sometimes keep people from making a change... but they shouldn't! Audio Production by Podsworth Media.

Warning: Today's podcast may offend you or just plan tick you off. As a farmer, rancher, or anyone in the ag industry, you want to be self-employed. You pride yourself on the fact that you have no one to answer to... but do you? Are you allowing the bank and the accountant to run your operation? ...or are you running your operation? I dive into this very subject in today's podcast and break the conditioned thinking that the bank should be looking out for you and helping you run your operation. I don't want you working for the bank any more than you want to work for the bank. Keep an open mind when listening. I think you will find this valuable. Audio Production by Podsworth Media.

Get the answers to the most common objections I hear from clients, things I read online, and people passing by at farm shows. I am sure you have heard these objections yourself if you've tried to share about IBC, or perhaps you've thought them yourself if you haven't read the book yet. There are objections to everything in life; we just have to think things through before brushing off what could be the most effective thing we ever do financially. Audio Production by Podsworth Media.

For no other reason, you may want to listen to this episode just to hear why Mary Jo is talking about people peeing in the pool. She will get into how money flows like water and blood, why you don't need to compartmentalize money like the gurus say, and how you need to think differently around money. Stop saying, "I can't," and start asking, "How can I?" It's a great episode and should make you think! Audio Production by Podsworth Media - https://podsworth.com

In this episode, I talk about why IBC may sound too good to be true, why you haven't heard about this, and why I felt the same way when I came across this concept. It's truly a simple explanation, but it's profound, due to the fact that it was once known and widely used, but is now lost, due to the noise out there saying that we must chase rates of return. Audio Production by Podsworth Media - https://podsworth.com

Don't get me wrong: taking loans is the best option in the policy, but I address why so many people think it's a money maker and why it's actually not. You will learn the difference between a loan repayment and a premium payment. In addition, you will understand being an honest banker and how that plays into creating wealth and keeping your company profitable. Audio Production by Podsworth Media - https://podsworth.com

Don't get me wrong: taking loans is the best option in the policy, but I address why so many people think it's a money maker and why it's actually not. You will learn the difference between a loan repayment and a premium payment. In addition, you will understand being an honest banker and how that plays into creating wealth and keeping your company profitable.

Audio Production by Podsworth Media - https://podsworth.com

In this episode, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode. Audio Production by Podsworth Media - https://podsworth.com

In this episode, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode.

Audio Production by Podsworth Media - https://podsworth.com

Today's episode is a little lesson on why inflation is killing our dollar and how it's affecting you. You'll hear how the banks make money and why they love your business. News flash: "Federal" does not necessarily mean "gov't owned"; in the case of the Federal Reserve, it's just good marketing by those behind it. Tune in and hear more about what is truly happening that you may not have been taught in the gov't school. Audio Production by Podsworth Media - https://podsworth.com