Ep. 81 - Control & the Cost of Acquisition
Farming Without the Bank Podcast
Release Date: 02/12/2021
Ep. 272 - Why Loans Don't Make You Money
Farming Without the Bank Podcast
Learn why loans on your policy do not generate income, but instead how paying extra interest as premium will maximize financial growth. We break down key principles from Nelson Nash's book, highlighting strategic borrowing, repayments, uninterrupted compound interest, and the honest banking practices needed to become your own banker. Audio Production by Podsworth Media -
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Ep. 271 - Meet John Hasche
Farming Without the Bank Podcast
Meet John Hasche, a trained agent and expert in Infinite Banking and farming-related financial solutions. We are talking about the power of death benefit, the financial flexibility that IBC allows, and why John might be the right agent to schedule with, especially for those eager to start a policy this year. Audio Production by Podsworth Media -
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Ep. 270 - Starting IBC During Hard Times
Farming Without the Bank Podcast
Let's talk about starting using IBC during challenging economic times, especially when commodity prices are low. It's all about being strategic, beating Parkinson's Law, and maintaining financial control. Audio Production by Podsworth Media -
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Ep. 269 - The Importance of Strategic Planning
Farming Without the Bank Podcast
Today we're addressing common concerns about committing funds to life insurance policies and the importance of understanding the long-term benefits. Using life insurance as a financial tool is like building a business or farming; we need to be patient to see the long-term gains. Audio Production by Podsworth Media -
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Ep. 268 - The Power of Owning a Whole-Life Policy
Farming Without the Bank Podcast
The owner has ALL the control and owns that asset. No one can ever change that; not even if you die before the insured. Audio Production by Podsworth Media -
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Ep. 267 - 5 Reasons IBC is Not a Money Market
Farming Without the Bank Podcast
Some miss the point of IBC being done through dividend paying whole life insurance policies, and they think a money market is the same. There are 5 big reasons why they are not even close to the same. Audio Production by Podsworth Media -
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Ep. 266 - Four Reasons I Don't Like LLCs for Farming
Farming Without the Bank Podcast
Here are the four things I run into when I see farms in LLCs. There are good reasons to have an LLC, but unless you do your setup and maintenance right, you will actually be hurting further generations. Audio Production by Podsworth Media -
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Ep. 265 - Who's Saving the Farm?
Farming Without the Bank Podcast
We have far too many current farm owners who are in debt, and the next generation is trying desperately to save the farm by putting themselves at risk. This has to stop! Audio Production by Podsworth Media -
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Ep. 264 - When to Quit Your Day Job
Farming Without the Bank Podcast
Shane Anderson talked to us about how he made the decision to quit working off the farm and farm full-time. Tune in! We have solid advice about how to do it. Audio Production by Podsworth Media -
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Ep. 263 - Stay Openminded
Farming Without the Bank Podcast
So many people, ag industry included, want to be quick to make the judgment that, "people don't understand us." Let me encourage you to stay openminded, look at both sides of the story, and teach and communicate well with people instead of fighting and being short. 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.