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
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
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?
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!
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
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
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
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
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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Ep. 241 - 5 Things to Scrub from Your Language
Farming Without the Bank Podcast
People often use incorrect terminology when they talk about their life insurance policies and IBC. So let's go over the real meaning of the terms: Pull money, Take money, Tax-Free, Tax-Free Retirement, and IBC policy. Audio Production by Podsworth Media -
info_outlineMany farmers look at their tax returns for their yearly numbers. These are lies; you try so hard to avoid taxes that you are not looking at the real numbers of your operations! P&Ls will give you the numbers we both want.
Audio Production by Podsworth Media - https://podsworth.com