Ep. 82 - Taxes, 7702, and IBC Scam Accusations
Farming Without the Bank Podcast
Release Date: 02/19/2021
Ep. 285 - When Can I Stop Paying Premium?
Farming Without the Bank Podcast
Stopping premium payments on one policy to start a new policy does not yield a better rate of return! Today we are discussing the misconceptions around stopping premiums and paid-up additions riders for policies that are set up for Infinite Banking. Audio Production by Podsworth Media -
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Ep. 284 - Yes, $30 Million to Retire. Future Requirements.
Farming Without the Bank Podcast
Cash flow is critical for a sustainable retirement and traditional IRAs and 401ks are falling short, especially with increasing life expectancy and inflation. We explore real numbers and scenarios using a Truth Concepts calculator, showing that individuals need to shift from a savings mentality to focusing on generating consistent cash flow. Audio Production by Podsworth Media -
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Ep. 283 - Don't Judge a Book by Its Cover
Farming Without the Bank Podcast
There is a difference between farming and running a farm business. In this episode, we're addressing misconceptions about farmers and their finances, the importance of being open-minded and knowledgeable, challenges of marketing, and the importance of networking in agriculture. Audio Production by Podsworth Media -
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Ep. 282 - Different Perspectives Can Be Good
Farming Without the Bank Podcast
Today we discuss the importance of considering different perspectives and continuous learning. It's a challenge for some, but we must embrace new ideas and technologies for the sake of personal growth in life and work. Audio Production by Podsworth Media -
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Ep. 281 - Who Owns All the Land?
Farming Without the Bank Podcast
Let's explore who actually owns all the land in the United States. We all know Bill Gates gets a lot of hate for buying up ground, but where does he actually rank among land owners? Audio Production by Podsworth Media -
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Ep. 280 - What the Yellowstone TV Shows Know About Ranching
Farming Without the Bank Podcast
In this episode, we dive into the recent Yellowstone episode, highlighting the financial lessons that resonate with real-life ranching and farming scenarios. Let’s discuss the importance of running a ranch like a business, handling taxes wisely, and the pitfalls of poor estate planning. Audio Production by Podsworth Media -
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Ep. 279 - You Determine the Value
Farming Without the Bank Podcast
The value of goods like vehicles, houses, and land is driven by what people are willing to pay. Today we’re talking about high living costs as a result of our own human behavior, emotional decisions, and the lack of spending limits. Audio Production by Podsworth Media -
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Ep. 278 - Why Premium Drops
Farming Without the Bank Podcast
Explore the intricacies of whole life and learn why my illustrations often show a decrease in premium. We are taking a closer look at policy structure, MEC, payment splits, and financial planning considerations. Audio Production by Podsworth Media -
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Ep. 277 - Land Trust, with Taylor Moyer
Farming Without the Bank Podcast
Tune in for an enlightening discussion with Taylor Moyer about LandTrust, a platform helping farmers and ranchers monetize their land through hunting, fishing, and other recreational activities. We’re discussing liability, earnings potential, and how landowners can seamlessly integrate this revenue stream while maintaining control over their property. Audio Production by Podsworth Media -
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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 -
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!