Without the Bank Podcast

How One Family Lost $1.2M to College Tuition (Ep. 243)


Listen Later

Are you still paying cash for big expenses like college tuition, remodels, or vehicles? You might be losing hundreds of thousands — even millions — without realizing it. Learn how to use the Infinite Banking Concept to make your money work for you every time you spend it.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.withoutthebank.com/book/

In this episode, Mary Jo shares a real-life client story that reveals how even high-income earners, employees, not just business owners, can benefit from Infinite Banking.

You'll learn how to recycle the same $30,000 for college costs, turn expenses like remodels and pools into wealth-building opportunities, and why paying cash may be destroying your retirement without you noticing.

🔑 Key Takeaways: ◦ You don't need a business or a farm to use Infinite Banking. ◦ Paying cash for college can secretly cost you millions in lost opportunity. ◦ How to recycle cash value for recurring expenses. ◦ Why borrowing from your policy beats using bank loans or savings. ◦ How to set up policies tied to each child's education for accountability.

⏱️ Chapters: 00:00 – Why Infinite Banking isn't just for business owners 02:30 – The client's story: paying cash for everything 04:45 – The college tuition trap explained 07:00 – Recycling money through policy loans 09:30 – The $1.2M lesson: lost opportunity cost 12:00 – Setting up policies for your kids 14:30 – Why your advisor's approach might be wrong 17:00 – Which book is right for you: Life Without the Bank vs. Farming Without the Bank

Grab your copy of "Life Without the Bank" 👉 https://www.withoutthebank.com/book

⭐ Read The Book? Book your 1-on-1 strategy session: [email protected]

Start building a system that pays you back every time you spend.

Links Mentioned 📗 Life Without the Bank: https://www.withoutthebank.com 📘 Farming Without the Bank: https://www.farmingwithoutthebank.com

...more
View all episodesView all episodes
Download on the App Store

Without the Bank PodcastBy Mary Jo Irmen

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

43 ratings


More shows like Without the Bank Podcast

View all
AgriTalk by AgriTalk

AgriTalk

153 Listeners

AgriTalk PM by Farm Journal Media

AgriTalk PM

135 Listeners

Ag PhD Radio on SiriusXM 147 by Ag PhD

Ag PhD Radio on SiriusXM 147

231 Listeners

SharkFarmer Podcast by Rob Sharkey

SharkFarmer Podcast

364 Listeners

Working Cows - Regenerative Ranching to Maximize Profitability and Soil Health by Clay Conry

Working Cows - Regenerative Ranching to Maximize Profitability and Soil Health

431 Listeners

The Business of Agriculture Podcast by Damian Mason

The Business of Agriculture Podcast

120 Listeners

Cattle Chat by BCI Cattle Chat

Cattle Chat

134 Listeners

Banking With Life Podcast by James Neathery

Banking With Life Podcast

76 Listeners

Farming Without the Bank Podcast by Mary Jo Irmen

Farming Without the Bank Podcast

258 Listeners

Farm4Profit Podcast by David Whitaker, Corey Hillebo, Tanner Winterhof

Farm4Profit Podcast

385 Listeners

Grain Markets and Other Stuff by Joe Vaclavik

Grain Markets and Other Stuff

342 Listeners

Grazing Grass Podcast sharing Regenerative Ag Stories by Grazing Grass

Grazing Grass Podcast sharing Regenerative Ag Stories

112 Listeners

Ranching Returns Podcast by Jared Luhman

Ranching Returns Podcast

226 Listeners

Working Ranch Radio Show by Justin Mills

Working Ranch Radio Show

72 Listeners

Barn Talk by Tork and Sawyer Whisler

Barn Talk

1,653 Listeners