Farming Without the Bank Podcast

Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner. Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy. https://www.farmingwithoutthebank.com/

Ep. 276 - You're NOT Debt-Free! 11/15/2024

Ep. 276 - You're NOT Debt-Free! 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 - /episode/index/show/farmingwithoutthebank/id/33938017

Ep. 275 - Don't Assume They Know Me 11/08/2024

Ep. 275 - Don't Assume They Know Me Be careful who you trust to set up a policy for you! Here are some tips on identifying authorized practitioners and ensuring you are getting accurate information. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33840602

Ep. 274 - Life Insurance is NOT an Investment! 11/01/2024

Ep. 274 - Life Insurance is NOT an Investment! Life insurance offers guarantees, liquidity, control, and uninterrupted compound interest, which makes it fundamentally different from traditional investments with returns. Understand your policy so you can sift through the sea of noise created by financial advisors. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33707497

Ep. 273 - Yes, Charge Family Interest! 10/25/2024

Ep. 273 - Yes, Charge Family Interest! Learn the significance of charging interest when lending money to family members. We're discussing how adopting the role of an honest banker will not only minimize lost opportunity costs, but actually benefit both the lender and the borrower in the end. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33601862

Ep. 272 - Why Loans Don't Make You Money 10/18/2024

Ep. 272 - Why Loans Don't Make You Money Learn why loans on your policy do not generate income, but instead how paying extra interest as premium will maximize financial growth. We break down key principles from Nelson Nash's book, highlighting strategic borrowing, repayments, uninterrupted compound interest, and the honest banking practices needed to become your own banker. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33503947

Ep. 271 - Meet John Hasche 10/11/2024

Ep. 271 - Meet John Hasche Meet John Hasche, a trained agent and expert in Infinite Banking and farming-related financial solutions. We are talking about the power of death benefit, the financial flexibility that IBC allows, and why John might be the right agent to schedule with, especially for those eager to start a policy this year. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33411282

Ep. 270 - Starting IBC During Hard Times 10/04/2024

Ep. 270 - Starting IBC During Hard Times Let's talk about starting using IBC during challenging economic times, especially when commodity prices are low. It's all about being strategic, beating Parkinson's Law, and maintaining financial control. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33328502

Ep. 269 - The Importance of Strategic Planning 09/27/2024

Ep. 269 - The Importance of Strategic Planning Today we're addressing common concerns about committing funds to life insurance policies and the importance of understanding the long-term benefits. Using life insurance as a financial tool is like building a business or farming; we need to be patient to see the long-term gains. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33219817

Ep. 268 - The Power of Owning a Whole-Life Policy 09/20/2024

Ep. 268 - The Power of Owning a Whole-Life Policy The owner has ALL the control and owns that asset. No one can ever change that; not even if you die before the insured. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33123792

Ep. 267 - 5 Reasons IBC is Not a Money Market 09/13/2024

Ep. 267 - 5 Reasons IBC is Not a Money Market Some miss the point of IBC being done through dividend paying whole life insurance policies, and they think a money market is the same. There are 5 big reasons why they are not even close to the same. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/33024207

Ep. 266 - Four Reasons I Don't Like LLCs for Farming 09/06/2024

Ep. 266 - Four Reasons I Don't Like LLCs for Farming Here are the four things I run into when I see farms in LLCs. There are good reasons to have an LLC, but unless you do your setup and maintenance right, you will actually be hurting further generations. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32898132

Ep. 265 - Who's Saving the Farm? 08/30/2024

Ep. 265 - Who's Saving the Farm? We have far too many current farm owners who are in debt, and the next generation is trying desperately to save the farm by putting themselves at risk. This has to stop! Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32809257

Ep. 264 - When to Quit Your Day Job 08/23/2024

Ep. 264 - When to Quit Your Day Job Shane Anderson talked to us about how he made the decision to quit working off the farm and farm full-time. Tune in! We have solid advice about how to do it. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32697017

Ep. 263 - Stay Openminded 08/16/2024

Ep. 263 - Stay Openminded So many people, ag industry included, want to be quick to make the judgment that, "people don't understand us." Let me encourage you to stay openminded, look at both sides of the story, and teach and communicate well with people instead of fighting and being short. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32594182

Ep. 262 - Are You Prepared? 08/09/2024

Ep. 262 - Are You Prepared? With commodity prices the way they are now, so many folks are scrambling, yet we have had some decent years in the past. Are you preparing in the good times for the bad times. Are you really looking at your numbers to make sure you are making a profit? Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32490632

Ep. 261 - You'd Find a the Money for Land and Equipment 08/02/2024

Ep. 261 - You'd Find a the Money for Land and Equipment If the land next door became available, you'd find the money for the land payment... yet many wonder where the money will come from for their IBC policy. Let's talk about it. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32366772

Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast) 07/26/2024

Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast) Join hosts Corey and Tanner as they welcome Mary Jo to the Farm4Profit podcast to dive into the world of financial independence for farmers. In this episode, Mary Jo explains the Infinite Banking Concept and how it can be a game-changer for farmers looking to gain financial control, reduce dependency on traditional banks, and build generational wealth. Learn how policies, cash value, and strategic borrowing can revolutionize your approach to farm financing. Whether you're a seasoned farmer or new to the field, this episode offers valuable insights into sustainable financial practices. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32304137

Ep. 259 - Online Noise 07/19/2024

Ep. 259 - Online Noise As a consumer, you have to be able to weed through the noise and realize you may actually be smarter than the keyboard warriors online. Let's address some of the comments we can find online in forums that have zero merit. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32204162

Ep. 258 - Self-Insuring and Crop Insurance 07/12/2024

Ep. 258 - Self-Insuring and Crop Insurance Nelson talks about using IBC to self-insure, and I can't say it's as easy as some folks make it out to be. With today's costs, it's very hard on the home and auto side, then you add in crop insurance, and it's nearly impossible, based on the research I have done. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32098802

Ep. 257 - Can You Take a Month Off? 07/05/2024

Ep. 257 - Can You Take a Month Off? Is your farm setup well enough to take a month off? My business is not. This is definitely something to think about. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/32022382

Ep. 256 - What is the Infinite Banking Concept? 06/28/2024

Ep. 256 - What is the Infinite Banking Concept? In this episode, we are diving into the concept of Infinite Banking. Highlighting key points from Nelson Nash's book, 'Becoming Your Own Banker,' the discussion covers the foundational mindset shifts required for Infinite Banking. The episode addresses common misunderstandings, critiques current financial systems, and stresses the importance of proper financial management and overcoming human nature barriers like Parkinson's Law. The core takeaway is that Infinite Banking is not solely about life insurance policies but a broader mindset and financial strategy. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31922712

Ep. 255 - Busting More Myths 06/21/2024

Ep. 255 - Busting More Myths Let's bust more myths: companies don't pay claims; premiums increase; companies collapse; whole life is expensive; and any agent can help with IBC. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31823862

Ep. 254 - Barn Talk Interview 06/14/2024

Ep. 254 - Barn Talk Interview I had the privilege of being on the Barn Talk podcast a year ago and want to share that with you guys today. Enjoy! Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31733942

Ep. 253 - Ways to Use the Infinite Banking Concept 06/07/2024

Ep. 253 - Ways to Use the Infinite Banking Concept It's called "infinite" for a reason, and that can be very hard to see when you are only looking down your lane. What are you using money for that you could actually be using the infinite banking concept for? Is it college, farming, rentals, braces for the kids, or something else? I challenge you to not only take the blinders off but get the book "Becoming Your Own Banker" and dive in. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31616642

Ep. 252 - More Myths Busted 05/31/2024

Ep. 252 - More Myths Busted Today we talk about: Are kids' policies better than adults' policies? Am I just selling you something? Should tobacco users forget about having a whole life insurance policy? Should your premium be a certain percent of your gross income? Can you retire on your cash value? Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31538227

Ep. 251 - Banks Have Control 05/24/2024

Ep. 251 - Banks Have Control Regardless of what you think, the bank has control, and you are the employee of the bank. If they call a note and you don't have the cash to pay that, they are in control. You need to know your numbers or they will take an opportunity to manipulate you. Audio Production by Podsworth Media - /episode/index/show/farmingwithoutthebank/id/31420462

Ep. 250 - What Happens to My Premium Money? 05/17/2024

Ep. 250 - What Happens to My Premium Money? 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 - /episode/index/show/farmingwithoutthebank/id/31339312

Ep. 249 - More Myths Debunked 05/10/2024

Ep. 249 - More Myths Debunked 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 - /episode/index/show/farmingwithoutthebank/id/31204612

Ep. 248 - Retirement Income 05/03/2024

Ep. 248 - Retirement Income 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 - /episode/index/show/farmingwithoutthebank/id/31073938

Ep. 247 - How Many Policy Loans Can I Take? 04/26/2024

Ep. 247 - How Many Policy Loans Can I Take? 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 - /episode/index/show/farmingwithoutthebank/id/30973523

Farming Without the Bank Podcast

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