Why Your Policy Fails: The Grocery Store Money Lesson (Ep. 244)
Without the Bank Podcast
Most infinite banking policies don’t fail because of the insurance company… they fail because of human behavior. Are you quietly stealing the peas from your own grocery store? 👉 Follow Mary Jo Here: 👉 Get the book: In this episode, we continue through Nelson Nash’s Becoming Your Own Banker and dive into the Imagination chapter and the famous grocery store analogy. We break down why imagination matters more than information, how to treat your policy like a real business, and why charging your own kids interest can actually build more wealth for them. If you’ve...
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How One Family Lost $1.2M to College Tuition (Ep. 243)
Without the Bank Podcast
Are you still paying cash for big expenses like college tuition, remodels, or vehicles? You might be losing hundreds of thousands — even millions — without realizing it. Learn how to use the Infinite Banking Concept to make your money work for you every time you spend it. 👉 Follow Mary Jo Here: 👉 Get the book: In this episode, Mary Jo shares a real-life client story that reveals how even high-income earners, employees, not just business owners, can benefit from Infinite Banking. You’ll learn how to recycle the same $30,000 for college costs, turn expenses like...
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Kyle Busch Lost $8.5M... But It's Not What You Think (Ep. 242)
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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Hard Times Built Infinite Banking — Here's the Lesson You're Missing (Ep. 241)
Without the Bank Podcast
Starting an IBC policy when everything feels worst? That’s exactly how Nelson Nash discovered Infinite Banking, when bank rates hit 23% and leverage turned on him. Here’s what he did, why it worked, and how to avoid the same traps. 👉 Follow Mary Jo Here: 👉 Get the book: We continue our study of Becoming Your Own Banker and unpack how the Infinite Banking Concept started. Using Nelson’s forestry analogy, we break down uninterrupted compounding, the dangers of overleveraging, why policy design matters (don’t chase fast cash value if it weakens the system), and...
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Are You Saving Money the Wrong Way? (Ep. 240)
Without the Bank Podcast
Feel “broke” even though you’ve got money in savings and retirement? You might be trapped by compartmentalized thinking, paying 25–30% on credit cards while your “retirement money” sits idle. In this episode, we show you how to see your finances as one pool of money, become your own banker, and pay yourself back, without making money more complicated. 👉 Follow Mary Jo Here: 👉 Get the book: We break down Nelson Nash’s Becoming Your Own Banker and the “97/3” insight: wealth is a skill, not a windfall. You’ll see how banking is a process you already...
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The Secret to Using the Same Dollar Twice (Legally) (Ep. 239)
Without the Bank Podcast
What if you could use the same dollar twice, to buy your dream car today and still have it grow for your retirement tomorrow? In this episode, we uncover the 7 Points to Consider from Nelson Nash’s legendary book Becoming Your Own Banker and why understanding where your money lives could change your financial future forever. 👉 Follow Mary Jo Here: 👉 Get the book: In this episode #239 of the Without The Bank Podcast, we dive deep into how to make your money work harder through the Infinite Banking Concept (IBC). Mary Jo and Tarisa explore why traditional retirement...
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How the Wealthy Make Their Money Work Twice as Hard (Ep. 238)
Without the Bank Podcast
Most people obsess over “rate of return”, but they miss the banking process that controls every dollar in their life and how to leverage that same dollar to make more. Book: Life Without The Bank by Mary Jo Irmen 📌 In this episode, we unpack the Introduction & Points to Consider from Nelson Nash’s Becoming Your Own Banker and show how dividend-paying whole life can be an AND asset: fund your policy and still deploy capital into investments. Mary Jo and Tarisa break down why Infinite Banking (IBC) is education, not a sales tool, why your need for financing is greater...
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Lessons Learned in the IBC Journey (Ep. 237)
Without the Bank Podcast
“You don’t make money by taking loans, you make money by paying premiums.” In this candid episode, we unpack the biggest lessons from our Infinite Banking (IBC) journey; what we got right, what we’d do differently, and the costly myths we had to unlearn. From early nerves (Is this even legal?) to 15 years of using dividend-paying whole life policies, we share our most honest takeaways: how to think about premiums vs. loans, why the right mentor matters, using policies as a throughput system (not a piggy bank), the danger of “extra interest” hype, tracking growth, and building...
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Ep. 236 - Compound vs. Uninterrupted, the Sequel
Without the Bank Podcast
Mary Jo and Tarissa challenge common financial advice about compounding interest. A billionaire may have praised the "power of compounding," but Mary Jo explains what he left out: interruptions. Using relatable examples from bodybuilding, business, and everyday life, she shows why uninterrupted compounding is what truly builds lasting financial security. Audio Production by Podsworth Media -
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Ep. 235 - Big Check or Little Check?
Without the Bank Podcast
In this episode, Mary Jo delves into the cost-efficiency of life insurance, explaining why it's more beneficial to write smaller premium checks in exchange for larger death benefits. She highlights the reliability of life insurance companies paying out claims with historical examples, and also touches on the comparative weakness of term-life compared to whole-life insurance policies. Audio Production by Podsworth Media -
info_outline“You don’t make money by taking loans, you make money by paying premiums.” In this candid episode, we unpack the biggest lessons from our Infinite Banking (IBC) journey; what we got right, what we’d do differently, and the costly myths we had to unlearn.
From early nerves (Is this even legal?) to 15 years of using dividend-paying whole life policies, we share our most honest takeaways: how to think about premiums vs. loans, why the right mentor matters, using policies as a throughput system (not a piggy bank), the danger of “extra interest” hype, tracking growth, and building community so you’re not learning IBC alone.
Plus: a quick warm-up on guinea pigs in Switzerland 🐹 and the tipping culture rant you didn’t know you needed.
Key Takeaways:
◦ Legality check: Policy loans are legit (state insurance departments literally describe them).
◦ Core truth: You don’t “profit” from taking loans; you build wealth by funding premiums and letting cash value compound.
◦ Throughput mindset: Run money through your policy, then deploy it—don’t starve premiums to pay expenses.
◦ “Extra interest” clarity: Paying extra only helps when it’s added as an additional premium (not just loan interest).
◦ Mentorship matters: A good advisor prevents expensive missteps and helps sequence debt, premium, and cash flow.
◦ Start smart: Begin conservatively; learn by doing (without gimmicks like funding with 0% cards—don’t).
◦ Track & compare: Log monthly growth and save your original illustration to compare real vs. projected.
◦ Community wins: Surround yourself with active policy users (Think Tank vibes, client meetups, Q&As).
Chapters:
00:00 I wouldn’t change it: timing, trust, and going all-in
00:21 How we dove in: think tanks, reading, sleepless curiosity
00:53 Welcome back + today’s topic setup
01:18 Fun fact: Switzerland bans owning a single guinea pig 🐹
02:14 Rant time: tipping culture, service, and expectations
05:12 “Harmony” the waitress & tipping for great service
10:06 Coffee costs, tipping prompts, and value
11:04 Topic begins: Lessons learned on the IBC journey
11:37 Looking back with experience vs. starting out
11:58 Were we nervous? (Stock market vs. IBC peace of mind) 12:25 “Is this legal?” and how we verified it
13:31 Guarantees & risk-averse comfort with IBC
15:13 Skepticism after a bad experience; finding IBC
15:37 What we’d tell our younger selves (client & agent)
15:58 Premium vs. cash value—using policy as a pass-through
17:04 Premium is an “environment” for money to flow through
18:07 Advisor sequencing: debt, cash flow, and policy loans
19:14 Agent lessons: mentorship, brand, and language
20:00 Big myth: you don’t make money on the loan
21:01 Why cash value still grows when you borrow
21:52 Nelson’s “extra interest” = more premium (not loan profit)
22:51 Simplifying repayment (and avoiding hype)
23:57 “Just start”—conservative, consistent funding
24:15 A cautionary start (0% card) and why not to do that
26:04 Why guidance matters (your life dictates the sequence)
28:04 Surround yourself with IBC users & Think Tank energy
29:30 Community: Coffee with MJ, client summits
30:44 Track monthly growth; watch it season over time
31:11 2010 policy: 15-year reflection
31:34 Keep your original illustration—compare later
32:30 No regrets; right timing vs hindsight
33:17 Going full force: learning, events, immersion
34:00 Think Tank excitement & new-agent energy
34:45 Client events cadence & getting people to show up 😄
35:31 How to connect + next steps
👉 Get the book, learn the fundamentals, and avoid the common pitfalls. https://www.withoutthebank.com/book/
👉 Read the book and ready to design your first (or next) policy? Schedule an appointment with Tarisa or Mary Jo.
👉 Clients: join Coffee with MJ and keep compounding your knowledge.
Links & Contacts Mentioned:
Book & resources:
https://www.WithoutTheBank.com/
Emails:
Tarisa@WithoutTheBank.com | MaryJo@WithoutTheBank.com
(Clients) For Coffee with MJ & summit details: check your client portal/email invites
#InfiniteBanking #IBC #BecomingYourOwnBanker #WholeLifeInsurance #NelsonNash #CashValue #PolicyLoans #PersonalFinance #FinancialEducation #Compounding #DebtStrategy