Ep. 81 - Control & the Cost of Acquisition
Farming Without the Bank Podcast
Release Date: 02/12/2021
Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast)
Farming Without the Bank Podcast
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 wealth. Learn how policies, cash value, and strategic borrowing can revolutionize your approach to farm financing. Whether you're a seasoned farmer or new to the field, this episode offers valuable insights into sustainable financial practices. Audio...
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Ep. 259 - Online Noise
Farming Without the Bank Podcast
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 -
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Ep. 258 - Self-Insuring and Crop Insurance
Farming Without the Bank Podcast
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 -
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Ep. 257 - Can You Take a Month Off?
Farming Without the Bank Podcast
Is your farm setup well enough to take a month off? My business is not. This is definitely something to think about. Audio Production by Podsworth Media -
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Ep. 256 - What is the Infinite Banking Concept?
Farming Without the Bank Podcast
In this episode, we are diving into the concept of Infinite Banking. Highlighting key points from Nelson Nash's book, 'Becoming Your Own Banker,' the discussion covers the foundational mindset shifts required for Infinite Banking. The episode addresses common misunderstandings, critiques current financial systems, and stresses the importance of proper financial management and overcoming human nature barriers like Parkinson's Law. The core takeaway is that Infinite Banking is not solely about life insurance policies but a broader mindset and financial strategy. Audio Production by Podsworth...
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Ep. 255 - Busting More Myths
Farming Without the Bank Podcast
Let's bust more myths: companies don't pay claims; premiums increase; companies collapse; whole life is expensive; and any agent can help with IBC. Audio Production by Podsworth Media -
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Ep. 254 - Barn Talk Interview
Farming Without the Bank Podcast
I had the privilege of being on the Barn Talk podcast a year ago and want to share that with you guys today. Enjoy! Audio Production by Podsworth Media -
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Ep. 253 - Ways to Use the Infinite Banking Concept
Farming Without the Bank Podcast
It's called "infinite" for a reason, and that can be very hard to see when you are only looking down your lane. What are you using money for that you could actually be using the infinite banking concept for? Is it college, farming, rentals, braces for the kids, or something else? I challenge you to not only take the blinders off but get the book "Becoming Your Own Banker" and dive in. Audio Production by Podsworth Media -
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Ep. 252 - More Myths Busted
Farming Without the Bank Podcast
Today we talk about: Are kids' policies better than adults' policies? Am I just selling you something? Should tobacco users forget about having a whole life insurance policy? Should your premium be a certain percent of your gross income? Can you retire on your cash value? Audio Production by Podsworth Media -
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Ep. 251 - Banks Have Control
Farming Without the Bank Podcast
Regardless of what you think, the bank has control, and you are the employee of the bank. If they call a note and you don't have the cash to pay that, they are in control. You need to know your numbers or they will take an opportunity to manipulate you. 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.