Ep. 82 - Taxes, 7702, and IBC Scam Accusations
Farming Without the Bank Podcast
Release Date: 02/19/2021
Ep. 276 - You're NOT Debt-Free!
Farming Without the Bank Podcast
Borrowing against life insurance policies does not make you debt-free! Think logically, be financially responsible, and understand that moving debt doesn't eliminate it. Audio Production by Podsworth Media -
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Ep. 275 - Don't Assume They Know Me
Farming Without the Bank Podcast
Be careful who you trust to set up a policy for you! Here are some tips on identifying authorized practitioners and ensuring you are getting accurate information. Audio Production by Podsworth Media -
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Ep. 274 - Life Insurance is NOT an Investment!
Farming Without the Bank Podcast
Life insurance offers guarantees, liquidity, control, and uninterrupted compound interest, which makes it fundamentally different from traditional investments with returns. Understand your policy so you can sift through the sea of noise created by financial advisors. Audio Production by Podsworth Media -
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Ep. 273 - Yes, Charge Family Interest!
Farming Without the Bank Podcast
Learn the significance of charging interest when lending money to family members. We're discussing how adopting the role of an honest banker will not only minimize lost opportunity costs, but actually benefit both the lender and the borrower in the end. Audio Production by Podsworth Media -
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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 -
info_outlineIn this episode, I address what you can and can't write off on your taxes by using the policy, tax code 7702 changes, and how that will affect the policies going forward. I also address the video done by a certain talking head (you probably know who) regarding IBC being a scam. Enjoy!