Ep. 317 - Goals and Mission Statements Are a Waste of Time
Farming Without the Bank Podcast
Release Date: 08/29/2025
The Truth About Policy Loans, Dividends, & Inflation (Ep. 328)
Farming Without the Bank Podcast
Most people think policy loans mean “borrowing your own money.” That’s completely wrong, and it’s costing them big. In this episode, Mary Jo breaks down exactly how policy loans work inside Infinite Banking and why understanding the difference can change how you build wealth. 👉 Follow Mary Jo Here: 👉 Get the book: In this deep dive, Mary Jo explains why you’re borrowing the life insurance company’s money, not your own, when using policy loans, and how that lets your cash value keep earning uninterrupted compound interest and dividends. She also addresses common...
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Kyle Busch Lost $8.5M... But It's Not What You Think (Ep. 327)
Farming Without the Bank Podcast
Kyle Busch just sued Pacific Life Insurance for $8.58 million, claiming he was misled by an Indexed Universal Life (IUL) policy. But what if this high-profile case proves everything Infinite Banking practitioners have warned about for years? 👉 Follow Mary Jo Here: 👉 Get the book: In this episode of Without the Bank, Mary Jo breaks down the Kyle Busch life insurance lawsuit, exposing how IULs are often mis-sold and why dividend-paying whole life insurance is still the gold standard for Infinite Banking. She dives into: ◦ Why IULs, VULs, and ULs collapse faster than you...
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Bitcoin vs. Infinite Banking: Why I Still Choose Gold & Silver (Ep. 326)
Farming Without the Bank Podcast
Bitcoin fans say it’s the future. I say: show me how it actually solves real-world money problems. In this episode, I walk through the biggest unanswered questions I still have about Bitcoin: volatility, inheritance keys, “who’s in charge,” government visibility, and why I still prefer AND assets like dividend-paying whole life over OR assets like BTC. 👉 Follow Mary Jo Here: 👉 Get the book: Prompted by a listener (thanks, Todd!), I listened to a Bitcoin proponent debate and wrote down the sticking points I can’t get past. If Bitcoin is limited, why do...
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The Truth About Infinite Banking: What Haters Get Wrong (Ep. 325)
Farming Without the Bank Podcast
Why do so many people say, "Whole life insurance never works"? Let's unpack that. In this episode, Mary Jo takes on online critics who claim infinite banking doesn't work and reveals why most people making these comments haven't even done their homework. 👉 Follow Mary Jo Here: 👉 Get the book: Mary Jo shares personal stories, lessons from Nelson Nash, and her own journey from being labeled "learning disabled" to becoming a teacher who helps thousands understand money in a different way. If you've ever wondered whether the Infinite Banking Concept (IBC) really helps people...
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$100K in Cattle at 20: The Move Dave Ramsey Hated (Ep. 324)
Farming Without the Bank Podcast
When Dave Ramsey told a 20-year-old rancher he made a “huge mistake” buying $100,000 in cattle, we had some thoughts. Spoiler: Dave doesn’t understand agriculture, leverage, or infinite banking. 👉 Follow Mary Jo Here: 👉 Get the book: In this fiery episode #324 of Farming Without the Bank, Mary Jo Irmen and John dive deep into a recent Dave Ramsey clip that went viral — a 20-year-old caller buys $100K in cattle, and Dave loses it. Mary Jo and John break down why the young man’s decision wasn’t reckless at all; it was smart business. They explain how proper use...
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Banks Are Quietly Changing the Rules — Are You Ready? (Ep. 323)
Farming Without the Bank Podcast
Banks are already tightening up on ag lending, and that’s your red alarm. This creates instability as banks pull out of lending due to perceived high risk. Farming Without the Bank – Book & resources: Understanding sound farm management and agricultural finance is now more important than ever to mitigate risk management. Let's navigate the ag lending landscape together. Mary Jo breaks down when (and if) you should use the minimum premium option on policies with Paid-Up Additions (PUA) and why, in most cases, paying the full premium and then borrowing against cash value is the...
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Ep. 322 - Why Liquidity Beats Paying Off Debt
Farming Without the Bank Podcast
Cattle checks look big with the current cattle prices, so why are so many farmers and ranchers still getting squeezed by the bank with farm loans? Because paying everything off kills your liquidity and hands control back to the lender. Let’s fix that. 👉 Follow Mary Jo Here: 👉 Get the book: Here's a look into the complexities of farm finance and why banks often limit farmers to three years of operating debt. Understanding debt management is critical for farmers navigating the current agricultural finance landscape. This video offers insights for farmers seeking to...
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Ep. 321 - Why You Need More Than One Policy
Farming Without the Bank Podcast
💡 Why would anyone need more than one life insurance policy? Having multiple life insurance policies can provide more premiums, earning compound interest and dividends, which in turn lead to greater death benefits. 👉 Follow Mary Jo Here: 👉 Get the book: This insurance strategy enhances financial security and builds generational wealth. Effective financial planning utilizes such strategies for long-term wealth building. In this episode of the Farming Without the Bank Podcast, Mary Jo dives into the real reasons behind starting multiple policies and why it’s not just a...
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Ep. 320 - Life Settlements
Farming Without the Bank Podcast
Are life settlements truly helping seniors, or are they simply enriching companies? In this episode of Farming Without the Bank, Mary Jo exposes the hidden dangers of selling your life insurance policy and why borrowing against your whole life policy is often the smarter move. 👉 Follow Mary Jo Here: 👉 Get the book: Many elderly policyholders are advised to cancel or sell their life insurance without realizing they can access cash through policy loans or riders. Life settlement companies profit, while families lose financial security. Don’t let that happen to your loved ones....
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Ep. 319 - Passion for the Underdog
Farming Without the Bank Podcast
Are you paying tens of thousands for “help” that just sends you back to the bank—without cash flow, without clarity, and without confidence? Mary Jo gets loud (for good reason) to protect the underdog in agriculture. 👉 Follow Mary Jo Here: 👉 Get the book: In this episode, Mary Jo calls out predatory consulting in ag, breaks down why cash flow beats fancy paperwork, and shows how real Infinite Banking is done—ethically, transparently, and with education. From breaking out your enterprises to negotiating with banks and choosing the right rooms for growth, this is a wake-up...
info_outlineAre goals and mission statements really helping you succeed—or are they holding you back? Here’s why ACTION beats goals every single time.
In this episode, Mary Jo Irmen shares a real client story of how leveraging resources and strategic thinking can maximize returns in farming and ranching.
👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1
👉 Get the book:
https://www.farmingwithoutthebank.com/book
Instead of chasing numbers, she shows how to shift your mindset toward action and adopt a “How can I?” approach.
You’ll learn why overpaying debt might be slowing you down, how to use your money to generate more cash flow, and why surrounding yourself with the right people matters more than writing down goals you’ll never look at again.
If you’ve ever felt stuck in the cycle of planning but not moving forward, this episode will light a fire under you.
Mary Jo shares her candid thoughts on the inefficiency of writing out goals and drafting mission statements, advocating instead for actionable steps and a positive mindset to achieve business success.
Mary Jo challenges conventional wisdom and encourages listeners to focus on solutions rather than getting bogged down by goals and mission statements.
CHAPTERS
(00:00) Why action beats goals every time
(00:44) Client story: group advice vs. real strategy
(02:25) Why paying off debt isn’t always the best move
(03:58) Small thinking vs. business owner thinking
(05:39) Throw out your mission statements
(07:26) The “How Can I?” mindset shift
(08:46) Marketing and growing the business for cash flow (09:32) Building a business with future exit strategies
(10:30) Why successful people think differently
(12:20) Spotting opportunities instead of excuses
(14:18) Why action matters more than written goals
(16:42) Why Mary Jo refuses to tie numbers to clients
(19:05) Success is about people—not arbitrary goals
(20:23) The myth of 4 a.m. routines
(22:44) Why doing is better than meditating (for Mary Jo!)
(23:51) Why exercise feels like wasted time for some
(24:38) Final thoughts and call to action
(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)
📚 Grab your copy of Farming Without the Bank: 👉 https://www.farmingwithoutthebank.com/book/
📩 Email Mary Jo:
maryjo@withoutthebank.com
💬 Join the conversation on Facebook: https://www.facebook.com/farmingwithoutthebank
#ActionBeatsGoals #FarmingWithoutTheBank #CashFlow #BusinessMindset #WealthBuilding #Entrepreneurship #InfiniteBanking