Without the Bank Podcast

If we are going to save family farms, we must plan correctly, and doing that with a trust will avoid any extra costs and allow you to make sure it stays in the right hands. Heidi Olson is a succession planner and trust officer who shares with us some good starting information on what needs to be done.

Interest rates on loans do not stop with the rate alone. What is your time worth, filling out paperwork, answering questions, and waiting to take an opportunity? This all matters. Infinite Banking is not really about rates but your time.

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How can you grow your business with all the right people and have them as an asset and not a liability?

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Is your retirement there for the purpose of taking care of you or for the purpose of taking care of the gov't? Nelson has some good points that need to be considered, and every year that goes by, his predictions become more clear and true.

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The biggest challenge for people when learning about IBC is how much to start with, where to find the money, access to money, and then how to use it. This is an important chapter review.

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So many of my older clients don't understand the value of what they know. In this episode, I share how I go through meetings and share ideas of how you can turn that knowledge into money.

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Your bank should not just consist of one policy; you should have many, and it will take you a lifetime to create that system.

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Many blue-collar jobs have pensions and may be part of unions. Those pensions are proving to not hold up due to where the money is being invested. Watch your pension and pay attention to the performance so you know you'll have something to retire on. It's YOUR retirement, so make sure you are not banking on them to take care of you; do something yourself on the side so if they mismanage it, you have a back up plan.

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When receiving death benefit or inheriting large sums of money, the last thing you should do is pay down debt, if not needed. Buying more death benefit and using that money through the policy will leave the kids with more and you with more flexibility, if needed.

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What is happening right now with the market is the true indication of compound interest vs. uninterrupted compound interest. It also is proof that actual rates of return are better than an average. The noise is keeping you in this never ending cycle.. but instead, you can be the black sheep to get out of it.

Audio Production by Podsworth Media.