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Ep. 81 - Control & the Cost of Acquisition

Farming Without the Bank Podcast

Release Date: 02/12/2021

Ep. 251 - Banks Have Control show art 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 -  

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Ep. 250 - What Happens to My Premium Money? show art Ep. 250 - What Happens to My Premium Money?

Farming Without the Bank Podcast

This is a common question that I hear, because people think the insurance companies are stealing money. Why? I have no idea... but let's address what they *actually* do with your money to ensure the death benefits get paid out. Audio Production by Podsworth Media -  

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Ep. 249 - More Myths Debunked show art Ep. 249 - More Myths Debunked

Farming Without the Bank Podcast

Today we talk about loan interest as a tax deduction; being debt-free but having policy loans; 1035ing cash value; loans for cash flowing assets; and the idea that life insurance companies are banks. Why are these ideas misunderstood or inaccurate? Audio Production by Podsworth Media -  

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Ep. 248 - Retirement Income show art Ep. 248 - Retirement Income

Farming Without the Bank Podcast

Do you have the cashflow to retire, or are you going to live on a prayer? It's a proven fact that people with money live longer. Start looking at your numbers and count inflation. Audio Production by Podsworth Media -  

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Ep. 247 - How Many Policy Loans Can I Take? show art Ep. 247 - How Many Policy Loans Can I Take?

Farming Without the Bank Podcast

Let's dig into how loans are treated. The best part of IBC is being in control, the worst part of IBC is being in control of your loans. The company treats it as one loan; they don't question, and they don't care. You are the one who has to figure out how you want to make it back. Audio Production by Podsworth Media -  

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Ep. 246 - 3 Types of Interest: Uninterrupted Compounding is King! show art Ep. 246 - 3 Types of Interest: Uninterrupted Compounding is King!

Farming Without the Bank Podcast

Here is an example of why Uninterrupted Compound Interest is what you want when looking at interest on anything you're saving. Many talk about compound interest, but they don't talk about what happens when it's interrupted. Audio Production by Podsworth Media -  

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Ep. 245 - Busting 5 More Myths show art 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 show art 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 show art 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 show art 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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More Episodes

In 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.

Audio Production by Podsworth Media.