The Truth About Policy Loans, Dividends, & Inflation (Ep. 328)
Farming Without the Bank Podcast
Release Date: 11/14/2025
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Farming Without the Bank Podcast
Is life insurance a luxury—or a necessity? In this episode of Farming Without The Bank (FWTB Ep. 338), Mary Jo breaks down Chapter 7 of Nelson Nash’s Warehouse of Wealth and explains how Parkinson’s Law silently destroys financial progress, especially when people experience windfalls of money. From selling land, paying off equipment, kids leaving the house, or daycare expenses disappearing—windfalls happen whether you notice them or not. The real question is: Where does that money go? Nelson Nash’s real-life example shows how paying off a policy loan after a windfall can feel like...
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Farming Without the Bank Podcast
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Farming Without the Bank Podcast
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Farming Without the Bank Podcast
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Banks Don't Want You Knowing This About Investments (Ep. 334)
Farming Without the Bank Podcast
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Farming Without the Bank Podcast
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Farming Without the Bank Podcast
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Farming Without the Bank Podcast
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Why Life Insurance Might Be Your Secret Asset! (Ep. 330)
Farming Without the Bank Podcast
Banks classify your life insurance as an asset, so why do so many people treat it like an expense? In this episode, we break down how dividend-paying whole life can be your warehouse of wealth without feeding inflation like the banking system does. 👉 Follow Mary Jo Here: 👉 Get the book: Chapter 1 of Building Your Warehouse of Wealth (Nelson Nash) hits hard: government programs, fractional reserve banking, and how we’ve become “part of the problem” by chasing cheap loans and rates of return. We contrast banks (who lend money that doesn’t exist) with...
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Stop Waiting for Inheritance; Start Farming Now (Ep. 329)
Farming Without the Bank Podcast
Are you waiting on an inheritance, a government program, or the bank to finally let you farm “for real”? In this episode, Mary Jo shows how that thinking is exactly what’s holding you back, and how Nelson Nash warned us about it years ago. 👉 Follow Mary Jo Here: 👉 Get the book: In Episode 329, Mary Jo dives into Nelson Nash’s second book, “Building Your Warehouse of Wealth,” and unpacks why how you think about money, wealth, and government programs determines everything about your financial future. From government “police actions” to farm programs and...
info_outlineMost 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: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
👉 Get the book: https://www.farmingwithoutthebank.com/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 misconceptions some accountants have, what’s actually deductible, and why using this strategy helps reduce inflation by keeping dollars out of the fractional-reserve banking system.
If you’ve ever wondered whether you “pay to borrow your own money,” this episode clears it up once and for all.
🧭 Key Takeaways:
◦ You’re borrowing against your policy, not from it.
◦ The interest goes to the insurance company, not back into your policy.
◦ You still earn compound interest + dividends while using that money.
◦ Accountants often misunderstand how policy loans and deductions work.
◦ Using Infinite Banking helps you leverage dollars and avoid inflating the currency.
⏱️ Chapters:
00:00 – Welcome & Today’s Topic
02:30 – The Big Infinite Banking Misconception
05:10 – Borrowing the Insurance Company’s Money
08:30 – Accountants, Interest, and Tax Deductions
13:00 – How This Strategy Fights Inflation
16:30 – Uninterrupted Compound Interest in Action
19:00 – Why Understanding Leverage Matters
20:00 – Harvest Sale + Final Thoughts
(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.)
👍 Like this episode if it cleared up a myth about policy loans
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📚 Mentioned Links:
📘 Grab your book and check out the Harvest Sale:
https://www.farmingwithoutthebank.com/book
📧 Contact Mary Jo with your questions:
maryjo@withoutthebank.com