Without the Bank Podcast

The archaic system of giving up money today, taking on risk, and hoping to retire is B.S. This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.

Your Retirement at 65 Was Built On a Flawed Assumption (Ep. 253) 01/22/2026

Your Retirement at 65 Was Built On a Flawed Assumption (Ep. 253) Most people are taught to buy term insurance and invest the rest—but what if that advice is based on a massive misunderstanding of how life insurance actually works? In this episode, we break down why dividend-paying whole life insurance is fundamentally misclassified, how insurance companies really make money, and why Nelson Nash believed banking, not investing, was the missing piece. In WTB Episode 253, we continue our deep dive into Becoming Your Own Banker by Nelson Nash, focusing on mortality tables, underwriting, modified endowment contracts (MECs), and why whole life insurance behaves more like a banking system than an insurance product. We explore: Why term insurance is incredibly profitable for insurance companies How underwriting selects for people who actually live longer Why retirement at 65 was built on a flawed assumption How MEC rules really work (and why they’re not the end of the world) Why universal life, variable life, and indexed UL fail long-term How to properly structure a whole life policy for Infinite Banking If you’ve ever been told “whole life is bad,” this episode explains where that belief came from—and why it persists. Key Takeaways: Death is not an if—it’s a when, and insurance should be structured accordingly Term insurance is statistically designed not to pay out Responsible, underwritten individuals live longer—and insurers know it Whole life insurance is misclassified, leading to bad financial decisions Infinite Banking works best when cash value is prioritized over death benefit MEC policies aren’t catastrophic—but understanding the rules matters Chapters: (00:00) – Why the insurance industry misunderstands its own products (05:50) – Mortality tables, underwriting, and who actually lives longer (10:52) – Retirement at 65 and the Social Security fallacy (18:03) – MEC rules, overfunding, and policy design explained (31:27) – Why universal, variable, and indexed life insurance fail (39:21) – Why Infinite Banking is caught, not taught 📘 Haven’t read Becoming Your Own Banker yet? Start there. 📅 Want help structuring a policy correctly? Schedule a conversation with our team. 💬 Drop your questions or comments below—we read and respond. Links Mentioned: Becoming Your Own Banker by Nelson Nash Schedule an appointment / Learn more (check your email for the schedule link after you buy the book) /episode/index/show/withoutthebank/id/39819350

You Already Know Enough (So Why Aren't You Wealthy?) (Ep. 252) 01/15/2026

You Already Know Enough (So Why Aren't You Wealthy?) (Ep. 252) Are you collecting financial knowledge... or actually using it? In this episode of Without The Bank, we break down two of the most dangerous (and overlooked) chapters from Becoming Your Own Banker: Arrival Syndrome and Use It or Lose It. These ideas explain why so many people stall out financially—even after reading the right books, watching the right videos, and “knowing” the Infinite Banking Concept. The problem isn’t lack of information. The problem is believing you’ve already arrived. When people stop applying what they learn, their policies stagnate, their cash flow tightens, and Infinite Banking quietly turns into “just another savings account.” Nelson Nash warned us about this—and in this episode, we show exactly how it plays out in real life. In This Episode, You’ll Learn: Why arrival syndrome is more dangerous than ignorance How “knowing enough” kills financial momentum Why Infinite Banking must become a way of life, not a tactic What “use it or lose it” really means for your policy and your mindset Why focusing on interest rates misses the point entirely Why liquidity and cash flow matter more than returns The silent mistake people make when they stop using their policy Episode Chapters: 00:00 – Knowledge vs. Implementation 01:05 – What Is Arrival Syndrome? 03:10 – The Illusion of Knowledge 05:20 – Use It or Lose It Explained 08:45 – Outgrowing Comfort Zones 11:30 – Common Infinite Banking Mistakes 14:00 – Why IBC Must Be a Way of Life Resources Mentioned: Becoming Your Own Banker by Nelson Nash Get the book: Already have the book? Use the link provided after purchase to schedule an appointment and get your questions answered. If this episode made you rethink how you’re using Infinite Banking, share it with someone who’s still “learning” but not applying. Apply what you know—or lose it. /episode/index/show/withoutthebank/id/39735400

Your Kids’ $1,000 Account Has a Catch | Here’s Why (Ep. 251) 01/08/2026

Your Biggest Business Problem Isn’t What You Think (Ep. 250) 01/01/2026

Your Biggest Business Problem Isn’t What You Think (Ep. 250) Most people think money problems are about income. They’re wrong. It’s about mindset, discipline, and who controls the capital. In this episode, we break down The Golden Rule: Those who have the gold make the rules — and why that changes everything. 👉 Follow Mary Jo Here: 👉 Get the book: In Episode 250 of Without The Bank (WTB), we dive deep into the mindset behind wealth, capitalism, and control of money. Drawing from Becoming Your Own Banker by Nelson Nash, we explore why living for today destroys future opportunity, how capital attracts opportunity, and why disciplined thinkers consistently win — regardless of industry. This conversation connects real-world business stories, personal experiences, and powerful mindset shifts that separate people who struggle financially from those who thrive. Key Takeaways: Why mindset matters more than income How immediate gratification sacrifices your future The real meaning of “Those who have the gold make the rules” Why access to capital creates opportunity How disciplined thinkers play a completely different game Why becoming your own banker is about responsibility, not numbers How your belief system around money shapes your results Chapters: (00:00) – Mindset Is Everything Why every successful business owner talks mindset first (02:07) – The Golden Rule Explained What “Those who have the gold make the rules” really means (04:29) – Living for Today vs. Owning Tomorrow How spending habits destroy long-term freedom (06:40) – Capital Creates Opportunity Why cash on hand changes the game (12:38) – Discipline Separates Winners Why infinite banking isn’t for everyone (15:30) – Rewiring Your Money Beliefs How environment, inputs, and mindset shape results (21:21) – Becoming the Bank Why most people give up the banking function — and pay for it Links Mentioned: 📘 Becoming Your Own Banker – Nelson Nash /episode/index/show/withoutthebank/id/39579135

The Financial Independence Trap Nobody Warns You About (Ep. 249) 12/25/2025

The Financial Independence Trap Nobody Warns You About (Ep. 249) What if your 401(k) isn’t really your money? In this episode, we break down Willie Sutton’s Law and expose how government-controlled retirement plans quietly limit your freedom, liquidity, and control over your wealth. Follow Mary Jo Here: Get the book: In WTB Episode 249, we continue our Becoming Your Own Banker chapter review, diving deep into Willie Sutton’s Law: “Wherever wealth is accumulated, someone will try to steal it.” This episode challenges conventional thinking around 401(k)s, IRAs, Roth limits, and tax-deferred retirement plans. We unpack how taxation works, why qualified plans were created, and how government incentives quietly shape your financial behavior — often at your expense. We also discuss the historical role of churches vs. government welfare, the dangers of inaccessible retirement savings, and why many people feel “broke” while technically having money they can’t touch. Key Takeaways: Why tax-deferred retirement plans come with hidden control and risk How Willie Sutton’s Law applies directly to 401(k)s and IRAs The real reason Roth IRAs are limited and capped Why tax refunds are NOT a win How lack of liquidity keeps people financially stressed Why responsibility—not government—is the key to financial freedom Chapters: (00:00) – Is the Government Your Savings Account? (05:50) – Willie Sutton’s Law & Government Taxation (10:37) – Qualified Plans & Changing the Rules (15:38) – Roth IRAs, 401(k)s, and Control (20:55) – Liquidity Problems & Opportunity Cost (25:07) – Tax Refunds Explained (30:08) – A Private Solution Outside Government Control Grab your copy of Becoming Your Own Banker and follow along with us Drop your questions or comments — we read them. Like, subscribe, and share if this episode made you rethink retirement Links Mentioned: Becoming Your Own Banker by Nelson Nash: Austrian Economics & Mises Institute: FEE.org (Foundation for Economic Education): /episode/index/show/withoutthebank/id/39526345

Success Doesn't Look Like You Think (Ep. 248) 12/18/2025

Whole Life vs. UL/IUL: Why Guarantees Win (Ep. 247) 12/11/2025

Whole Life vs. UL/IUL: Why Guarantees Win (Ep. 247) You’re financing everything you buy… even when you pay cash. 🤯 In this episode, we break down how to create your own banking system using dividend-paying whole life insurance, and why ignoring this might be costing you a fortune in lost interest. 👉 Follow Mary Jo Here: 👉 Get the book: MJ and Tarisa walk through a key chapter from Nelson Nash’s Becoming Your Own Banker and unpack what it really means to “finance everything you buy.” They explain how paying cash still has a cost, why EVA (Economic Value Added) changed how businesses think about capital, and how the same thinking applies to families using dividend-paying whole life. You’ll hear the crucial differences between whole life and UL/IUL, how life insurance companies actually work behind the scenes, and why guarantees and control matter more than chasing returns. Key Takeaways ◦ You either pay interest to others or give up interest you could have earned—there is no third option. ◦ Paying cash stops the future earning potential of that dollar unless you first put it into a system that compounds (like a properly structured whole life). ◦ EVA (Economic Value Added) shows that your own cash has a cost, and successful businesses account for it—so should you. ◦ Whole life vs UL/IUL: whole life offers guarantees and immediate access to cash value; most UL/IUL policies have surrender periods and moving parts. ◦ Dividends in mutual whole life companies are essentially a return of overcharged premium—and when used to buy paid-up additions, they supercharge long-term compounding. ◦ Life insurance companies are conservative by design: actuaries, rate makers, and contingency funds help them survive crises while still paying claims. ◦ Infinite banking is a system of policies over 20–25 years, not a one-policy, one-year tactic. Chapters 00:00 – Why you finance everything you buy (even with cash) 02:09 – The unseen cost of cash and lost compound interest 04:25 – EVA: Why your own capital has a real cost 09:40 – Due diligence, “scam” labels, and thinking for yourself 16:03 – Owning the contract & being first in line for your money 23:08 – Actuaries, dividends, and the “fudge factor.” 31:14 – Whole Life vs UL/IUL & building your own banking system ✅ Enjoyed this breakdown of Infinite Banking? ◦ Hit LIKE if this helped you see money and interest differently. ◦ SUBSCRIBE for more deep dives on Infinite Banking and building your own banking system. ◦ COMMENT with your questions about whole life, policy loans, or getting started—we may answer them in a future episode. 👉 Want help setting up your own banking system? Work with our team to review your current policies or design a new Infinite Banking plan. 📘 Book mentioned: Becoming Your Own Banker by R. Nelson Nash – highly recommended foundational reading for Infinite Banking. 👉 Get BYOB and my book, Life Without The Bank: 👉 /episode/index/show/withoutthebank/id/39347065

Why You Don’t Need $20 Million to Start Your Own Bank (Ep. 246) 12/04/2025

Why You Don’t Need $20 Million to Start Your Own Bank (Ep. 246) Most people assume you need $20 million, a bank charter, a building, employees, and 10 years before a bank ever makes a profit. But Nelson Nash reveals a far simpler way to create your own banking system, one that’s been quietly working for over 200 years. 👉 Follow Mary Jo Here: 👉 Get the book: In this episode, we break down how traditional banking REALLY works, why starting a bank is nearly impossible today, and why participating whole life insurance already has all the infrastructure you need to start your own personal banking system. If you’ve ever wondered “How does Infinite Banking actually work?” this chapter explains everything. 🔑 Key Takeaways ◦ Why real banks require $20M+, a charter, and years before profitability ◦ How whole life insurance mirrors the structure of a bank ◦ Why capitalizing a policy is like capitalizing a business ◦ The BIG misconception about borrowing against end of life benefit ◦ How improper loan repayment can destroy your banking system ◦ Why new or startup life insurance companies are risky ◦ How dividends represent “excess energy” inside a mature insurance system ⏱️ Chapters 00:00 – Why Starting a Bank Takes 10+ Years 01:25 – Bank Charters, Capital & Liquidity Requirements 03:36 – How Life Insurance Companies Already Did the Hard Work 04:49 – Deposits, Loans & How Banks Really Operate 06:32 – The Midland, Texas Bank Failure (and the Lesson) 08:25 – Why Whole Life Is the Easier Banking System 10:21 – The Hidden Costs of Starting an Insurance Company 11:52 – Dividends Explained Through the “Energy” Analogy 12:41 – Is Infinite Banking Right for You? 📘 Want to Learn Infinite Banking? Grab Become Your Own Banker and follow along chapter by chapter. 🔗 Have questions? Drop them in the comments — we answer every one. 🔗 Links Mentioned 📘 Become Your Own Banker — Nelson Nash 👉 /episode/index/show/withoutthebank/id/39258605

Stop Chasing APR—What Really Drains Your Wealth (Ep. 245) 11/27/2025

Stop Chasing APR—What Really Drains Your Wealth (Ep. 245) Think you control your money because you have a 401(k), IRA, or a checking account? In this episode, we unpack the real problem in Becoming Your Own Banker: chasing rates on tiny savings while 34.5% of every disposable dollar quietly goes to interest. 👉 Follow Mary Jo Here: 👉 Get the book: We break down Nelson Nash’s “Problem” chapter: why focusing on the rate of return on a small savings slice misses the bigger issue, volume of interest flowing out through housing, autos, and living costs. You’ll see how policy loans, mutual life insurance ownership (yes, you can vote), and building capital first create a perpetual tailwind (uninterrupted compounding) instead of fighting a constant headwind (fees, taxes, rules, market risk). Plus: the mineral-rights story that flips conventional wisdom on its head. Key Takeaways: ◦ Volume versus Rate: The big leak is interest volume, not APR. ◦ 34.5% drain: Roughly a third of every dollar goes to interest—cash buyers still lose to opportunity cost. ◦ Control the environment: You can’t control markets, but you can control the banking equation for your household. ◦ Tailwind effect: Policies compound while you borrow against cash value. ◦ Mutual company edge: Owner rights (incl. voting) and conservative investing support guarantees and liquidity. ◦ Stop the race for ROI: Re-route cash flows first; the “rate” talk matters after you fix the flow. Chapters: 00:00 The Illusion of Control (401(k), IRA, bank accounts) 01:30 The “Problem” in BYOB: All-American Family Setup 03:35 Volume of Interest vs. Rate of Return 08:16 34.5¢ of Every Dollar: The Real Drain 10:38 Headwinds vs. Tailwinds: Create Your Own Financial Weather 14:29 Control the Banking Equation (Mutual Companies & Voting) 18:12 Rethink Your Thinking + Mineral Rights Case Study Ready to build a perpetual tailwind for your money? 👉 Grab the book/bundle and follow the chapter study. 👉 Schedule a consult: Links Mentioned: 📘 Becoming Your Own Banker (Nelson Nash) – discussed chapter: “The Problem” /episode/index/show/withoutthebank/id/39191660

Why Your Policy Fails: The Grocery Store Money Lesson (Ep. 244) 11/20/2025

Why Your Policy Fails: The Grocery Store Money Lesson (Ep. 244) 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 ever wondered: “What can I really use my policy for?” “How much should I put in before I start using it?” “Is it wrong to charge family interest?” …this conversation will clear up a lot of mental roadblocks. 💡 Key Takeaways ◦ Imagination over information: Infinite banking is an exercise in imagination, reason, logic, and prophecy. If you can’t imagine new uses for your capital, you’ll never unlock its full potential. ◦ Your policy is a business: The grocery store analogy shows why you must capitalize, stock the shelves, and keep restocking (paying back loans) if you want long-term success. ◦ Stealing the peas kills policies: Not repaying policy loans (or interest) is the fastest way to destroy your system, not the insurance company going under. ◦ Use your policy or it’s underfunded: If you’re still using your bank account for major purchases, you’re probably not putting enough premium into your policy. ◦ Charging family interest is not “mean”: When structured correctly, charging your kids interest can grow your system and ultimately send more wealth back to them via the death benefit. ◦ Terminology trips people up: “Loan repayment” inside a policy is functionally similar to a deposit, but the language makes people fear the process. ⏱️ Chapters 00:00 – How “stealing the peas” destroys policies faster than insurers 01:27 – Imagination vs knowledge: why people ask for permission to use their policy 07:58 – Nelson’s grocery store analogy and what it really means 11:50 – Stocking the shelves: funding, using, and refilling your policy 17:05 – Human nature, discipline, and the danger of the “back door” 19:38 – Charging your kids 9% interest & why family discounts can hurt wealth 22:41 – Wrap-up, next chapter preview, and what to do next (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.) If this episode helped you see your policy differently: 👍 Like this video 💬 Comment: Let us know how you have been "Stealing The Peas" in your system. 🔔 Subscribe for more deep dives into infinite banking and Nelson’s book 📖 Grab the book and follow along with us chapter by chapter 📚 Resources & Links Mentioned 📘 Becoming Your Own Banker by R. Nelson Nash (paperback & Audible) 📗 Mary Jo’s book, Life Without The Bank 🎧 Audiobook option – great for listening while you study the concept /episode/index/show/withoutthebank/id/39102350

How One Family Lost $1.2M to College Tuition (Ep. 243) 11/13/2025

Kyle Busch Lost $8.5M... But It's Not What You Think (Ep. 242) 11/06/2025

Kyle Busch Lost $8.5M... But It's Not What You Think (Ep. 242) 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 think ◦ The truth behind “guaranteed” returns and hidden policy fees ◦ What Nelson Nash really meant by “dividend-paying whole life” ◦ How to read your own in-force illustration and spot red flags If you own an Indexed Universal Life policy, or are thinking of buying one, this episode could save you thousands. Key Takeaways ◦ Kyle Busch’s lawsuit highlights systemic problems in how IULs are sold. ◦ Whole life and IUL are not the same thing. ◦ Infinite Banking only works with dividend-paying whole life, not market-tied policies. ◦ Always request an in-force illustration at 4% to test your policy’s strength. ◦ Education beats marketing. Understand what you’re buying before you sign. Chapters: 00:00 – The Problem with Bad Insurance Sales 01:21 – Kyle Busch’s $8.5M IUL Lawsuit Explained 03:34 – IUL vs Whole Life: What Agents Don’t Tell You 06:03 – Hidden Fees, Failing Policies, and False Promises 08:26 – Why This Case Proves Infinite Banking Works 12:19 – The Real Lesson from Becoming Your Own Banker 17:16 – How to Check (and Fix) Your Own Life Insurance 👉 Have an IUL or UL policy? Send your in-force illustration to Mary Jo for a review. Email: maryjo@withoutthebank.com 👉 Subscribe for more episodes breaking down Infinite Banking truths and exposing insurance myths. 👍 Like, comment, and share this video if you believe in consumer protection and financial education! 🔗 Links Mentioned 📘 Books: 📅 Schedule an appointment: /episode/index/show/withoutthebank/id/38931765

Hard Times Built Infinite Banking — Here's the Lesson You're Missing (Ep. 241) 10/30/2025

Hard Times Built Infinite Banking — Here's the Lesson You're Missing (Ep. 241) 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 the flexibility of policy loans, especially in bad times. We also address the costly mistake of canceling in Year 5, when policies typically begin to truly cash flow. Key Takeaways: ◦ Plant the tree early: Compounding takes time; interrupting it sets you back years. ◦ Uninterrupted over interrupted compounding: Stop resetting the curve. ◦ Leverage cuts both ways: Gurus rarely explain when the lever flips. ◦ Policy loans = control: Flexible amortization; you set the payback schedule. ◦ Rates context: Banks at ~23% (early ’80s) vs policy loans at ~5–8% in Nelson’s story. ◦ Design matters: Don’t chase extreme 10/90 if it risks MEC and weakens the base. ◦ Discipline wins: You’re the banker—operate your system soundly. ◦ Don’t quit in Year 5: Many cancel right before policies begin to outperform. Chapters 00:00 Start when times aren’t perfect (cold open) 00:50 Intro & setup—studying “How IBC Got Started” 01:11 Forestry analogy & (un)interrupted compounding 03:33 What interruption really costs you 04:28 Policy design tradeoffs (10/90, MEC risk, strong base) 05:07 The compounding curve: the most efficient year is the last 06:01 “Leverage your way to wealth”? What gurus don’t say 06:57 Nelson’s story: 8–9.5% to 23% prime shock (’81–’82) 08:46 Low-rate era behavior: overbuying & false confidence 10:19 Overpaying for homes/vehicles and today’s price hangover 12:10 Leverage risk, HELOC callable, and bad timing 12:57 Risk mitigation vs assuming good times continue 13:25 “Find a fool?” Why selling in bad times fails 14:45 4 a.m. prayer & the realization: the money is in your policies 15:10 Policy loans at ~5–8% vs banks at 23%: why control matters 16:57 You set the amortization—flexibility in downturns 18:03 “How big a check?” = How much have you put in (premiums) 18:51 Revising spending: fund policies first, then attack debt 19:54 Start IBC in bad times, so you’re skilled in good times 20:53 The Year 5 mistake: canceling right before cash flow 22:09 End of Life benefit = family protection while you bank 22:28 Discipline: be the banker or break your own bank 23:18 Wrap-up & next chapter invite 👍 Like this if you want more real-talk on IBC beyond the hype. 🔔 Subscribe & hit the bell to follow our chapter-by-chapter study. 💬 Questions about policy design, MEC, or using loans? Drop them in the comments. 📚 Studying along? Bring your copy of Becoming Your Own Banker to the next episode. Link Mentioned: Becoming Your Own Banker — R. Nelson Nash /episode/index/show/withoutthebank/id/38839590

Are You Saving Money the Wrong Way? (Ep. 240) 10/23/2025

Are You Saving Money the Wrong Way? (Ep. 240) 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 participate in, and how to start controlling more of it. From braces and car payments to IRAs and credit cards, we show how small shifts (and an honest repayment plan to yourself) can transform cash flow. Key Takeaways: ◦ Money is one pool, no matter how many accounts you split it into. ◦ Don’t earn 5% in an IRA while paying 25–30% on credit cards—that math loses. ◦ Becoming your own banker = borrow from your pool and pay yourself back (with interest). ◦ Wealth is a skill: discipline, tracking, and continuous learning beat lucky breaks. ◦ Control cash flow first; assets and compound growth follow. Chapters 00:00 Why you feel “broke”: the compartmentalization trap 01:27 Becoming Your Own Banker (Intro to the first chapter) 01:58 The 97/3 rule: wealth as a skill, not a windfall 03:18 Can’t manage $1? You can’t manage $1M (cash flow vs income) 04:13 Spending leaks: Starbucks, dining out, and “must be nice” 06:16 Lottery winners & why sudden money rarely lasts 08:14 “You don’t have to change anything”… actually, you do (habits) 09:36 Continuous learning vs arrival syndrome 11:11 Banking is the most important business; money must flow 12:31 There’s only one pool of money 14:09 Using IRAs vs bank loans: the real cost of capital 15:45 We’ve been trained to think money is “complicated” 16:06 Retirement balances vs 30% cards: pay yourself back instead 18:27 Braces example: cash discount, banker hat, repayment plan 19:12 It’s not complicated—use an amortization schedule 20:23 Control the banking function in your life 21:12 Overwhelm? Start with baby steps + an advisor 22:29 Choose your hard: money stress vs money discipline 23:35 Why money problems strain everything (even marriages) 24:28 Keep learning the language of money 25:14 What’s next & how to get the books 👉 If this helped, like & subscribe for more real-talk money strategy. 💬 Drop a comment: What’s one bill you could start “paying back to yourself” this month? 📩 Questions? Email us. Mary Jo: maryjo@withoutthebank.com Tarisa: tarisa@withoutthebank.com 🧮 Need a plan? Use the amortization calculator mentioned to set your personal “pay-yourself-back” schedule. 📚 Get the books: Life Without the Bank and Nelson Nash’s Becoming Your Own Banker. Links Mentioned: Life Without The Bank and Becoming Your Own Banker 🔗 Amortization Schedule 🔗 /episode/index/show/withoutthebank/id/38752575

The Secret to Using the Same Dollar Twice (Legally) (Ep. 239) 10/16/2025

The Secret to Using the Same Dollar Twice (Legally) (Ep. 239) 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 plans like 401(k)s and IRAs limit your control, how to leverage life insurance cash value for financing major purchases, and what it really means to have your money at work. They challenge common beliefs about debt, discuss the dangers of government-controlled retirement systems, and show real-life examples of how cash value policies grow wealth over time. Whether you’re new to Infinite Banking or already building your own private banking system, this episode gives you practical wisdom straight from Nelson Nash’s timeless principles. 💡 Key Takeaways: ◦ There are only two sources of income: people at work and money at work. ◦ You can use the same money multiple times through proper leverage. ◦ The government controls 401(k)s and IRAs more than you realize — and profits from it. ◦ Wealth must reside somewhere — make sure it’s under your control. ◦ You finance everything you buy, whether you realize it or not. ◦ Compound interest is powerful when it’s uninterrupted. ◦ Start small — even a $5,000 policy can grow into hundreds of thousands in value. ⏱️ Chapters: 00:00 – Using the same money twice 01:22 – Fun studio intro & casual chat 02:10 – Point #1: People at work vs. money at work 04:16 – Point #2: Passive income and long-term thinking 05:06 – Point #3: Stop giving your money to someone else’s bank 07:01 – Point #4: Government manipulation & retirement plan control 13:02 – Point #5: Where does your wealth reside? 16:59 – Point #6: You finance everything you buy 22:02 – Point #7: Your need for financing exceeds your need for insurance 23:44 – Real policy example & long-term results 25:44 – Final thoughts & call to action If you’re ready to learn how to take control of your money, start your own banking system, and grow wealth the smart way: ⓵ Subscribe now ⓶ Leave a comment with your biggest takeaway ⓷ Share this episode with a friend who needs financial freedom! 📚 Resources Mentioned: Becoming Your Own Banker by R. Nelson Nash 🔗 Warehouse of Wealth by Nelson Nash 🔗 Economics in One Lesson by Henry Hazlitt 🔗 /episode/index/show/withoutthebank/id/38612780

How the Wealthy Make Their Money Work Twice as Hard (Ep. 238) 10/09/2025

How the Wealthy Make Their Money Work Twice as Hard (Ep. 238) 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 than your need for protection, and how the end-of-life benefit, privacy, control, and long-range planning all fit together. We clarify common myths (like “recapturing interest”), compare AND vs OR assets, discuss HELOC call risk, and explain why IBC is about where wealth resides, not chasing returns. Key Takeaways: ◦ IBC is a financing process, not an investment. Use whole life to control capital flows, then invest. ◦ Your need for financing outweighs your need for protection. Solve financing correctly, and you end up with a bigger financial legacy for your loved ones. ◦ It’s an AND asset. Fund the policy, borrow, and still invest (real estate, brokerage, IRA contributions, etc.). ◦ Clarifying “recapture interest.” You’re redirecting the spread by paying yourself more than the policy loan rate, which requires discipline. ◦ Major items only. Think of cars, equipment, appliances, education, business capital expenditures, not coffee and fries. ◦ Control & privacy matter. Policy loans aren’t reported to bureaus; contracts are private. ◦ HELOCs can be called. Don’t build your “bank” on someone else’s terms. ◦ Long-range planning wins. Power compounds in later years; this is a get-rich-slow, multi-generational approach. 🔗 Links Mentioned Book: Becoming Your Own Banker (5th Edition) by R. Nelson Nash 📌 Book: Life Without The Bank by Mary Jo Irmen 📌 /episode/index/show/withoutthebank/id/38518330

Lessons Learned in the IBC Journey (Ep. 237) 09/26/2025

Lessons Learned in the IBC Journey (Ep. 237) “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: I wouldn’t change it: timing, trust, and going all-in How we dove in: think tanks, reading, sleepless curiosity Welcome back + today’s topic setup Fun fact: Switzerland bans owning a single guinea pig 🐹 Rant time: tipping culture, service, and expectations “Harmony” the waitress & tipping for great service Coffee costs, tipping prompts, and value Topic begins: Lessons learned on the IBC journey Looking back with experience vs. starting out Were we nervous? (Stock market vs. IBC peace of mind) “Is this legal?” and how we verified it Guarantees & risk-averse comfort with IBC Skepticism after a bad experience; finding IBC What we’d tell our younger selves (client & agent) Premium vs. cash value—using policy as a pass-through Premium is an “environment” for money to flow through Advisor sequencing: debt, cash flow, and policy loans Agent lessons: mentorship, brand, and language Big myth: you don’t make money on the loan Why cash value still grows when you borrow Nelson’s “extra interest” = more premium (not loan profit) Simplifying repayment (and avoiding hype) “Just start”—conservative, consistent funding A cautionary start (0% card) and why not to do that Why guidance matters (your life dictates the sequence) Surround yourself with IBC users & Think Tank energy Community: Coffee with MJ, client summits Track monthly growth; watch it season over time 2010 policy: 15-year reflection Keep your original illustration—compare later No regrets; right timing vs hindsight Going full force: learning, events, immersion Think Tank excitement & new-agent energy Client events cadence & getting people to show up 😄 How to connect + next steps 👉 Get the book, learn the fundamentals, and avoid the common pitfalls. 👉 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: Emails: Tarisa@WithoutTheBank.com | (Clients) For Coffee with MJ & summit details: check your client portal/email invites /episode/index/show/withoutthebank/id/38359480