Ep. 81 - Control & the Cost of Acquisition
Farming Without the Bank Podcast
Release Date: 02/12/2021
Ep. 245 - Busting 5 More Myths
Farming Without the Bank Podcast
You all liked my myth busting before, so here's more! I'll keep the tally rolling. Today we smash myths 6-10! 6. Whole Life insurance is bad because you don't get cash value and death benefit. 7. It's not an IBC policy. 8. It's about a Return on Investment. 9. Dividends are from overpaying on insurance. 10. Fees in Whole life. Audio Production by Podsworth Media -
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Ep. 244 - What I See vs. What You See
Farming Without the Bank Podcast
So many people hear a 30-second clip of me talking about successful farmers and think I am an idiot. Yet, that is what I see. I see success because those looking find me and want to learn. Those who spend their time just scrolling are crying in their coffee rather than looking for solutions. Audio Production by Podsworth Media -
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Ep. 243 - Premium Mindset
Farming Without the Bank Podcast
How much you pay is really set on how you are thinking. Rethink your thinking. Audio Production by Podsworth Media -
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Ep. 242 - 5 Myths About the Infinite Banking Concept
Farming Without the Bank Podcast
Let's bust some myths and let the record be set straight. The five myths we talk about in this episode are: 1. You borrow your money, 2. Premium is post-tax, 3. You collect the interest on loans, 4. You can use Universal Life products for IBC, and 5. You don't have to repay loans. Audio Production by Podsworth Media -
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Ep. 241 - 5 Things to Scrub from Your Language
Farming Without the Bank Podcast
People often use incorrect terminology when they talk about their life insurance policies and IBC. So let's go over the real meaning of the terms: Pull money, Take money, Tax-Free, Tax-Free Retirement, and IBC policy. Audio Production by Podsworth Media -
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Ep. 240 - Remember, It's Liquid!
Farming Without the Bank Podcast
It's hard to remember that our cash value is liquid and we get to use it. We have been programmed to think we will never see that money again. Remember, when you pay premium, a portion of that premium is available to you right away. You are not giving up access to every dollar you put in. Audio Production by Podsworth Media -
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Ep. 239 - Build It In
Farming Without the Bank Podcast
If you are questioning how you are going to pay for the new piece of equipment, more cattle, or even a life insurance premium, then build it into your accounting. Successful operations have the costs built in; they don't just hope and pray they will have enough. Many ask how they can get away from the bank. If you want to do that, then build your life insurance premium into your expenses. It's a cost of doing business. Audio Production by Podsworth Media -
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Ep. 238 - First Half or Second Half?
Farming Without the Bank Podcast
The entire book is important; are you reading it all, or just one part of it? IBC is the first half, and life insurance is the second half, so be sure to read and re-read the entire book! Audio Production by Podsworth Media -
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Ep. 237 - Book or Beer?
Farming Without the Bank Podcast
Where would you rather put your money? So many are not thinking correctly. Rethink your thinking! Audio Production by Podsworth Media -
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Ep. 236 - Two Thousand Farmers
Farming Without the Bank Podcast
After talking to over two thousand farmers over the years, I may know a thing or two, and I definitely have an opinion on a thing or two. Audio Production by Podsworth Media -
info_outlineIn this episode, I talk about the real reason behind Infinite Banking and what people are forgetting, as well as tying in Nelson's chapter, "Cost of Acquisition", and how we forget our time is worth something.