Farming Without the Bank Podcast

Nelson's son-in-law shared the tale of his two fathers (Nelson being one of them), including how they treated retirement and what that looked like to them. One is not right or wrong. If you are going to utilize and understand IBC, you will want to know what Nelson's intentions were, and here I lay them out for you. Audio Production by Podsworth Media.

Nelson said, if you put peanuts in, you get peanuts out. So many want more out of the policy, but they are scared to fund the policy to meet those needs. You have to fix your thinking around it in order to accomplish this. Audio Production by Podsworth Media.

If you are not doing anything with what you have learned here or read in the book, then this information is worthless. The best information in the world can be worthless unless we take action. Let's talk about it. Audio Production by Podsworth Media.

So many farmers and ranchers have direct-to-consumer businesses or manufacturing businesses and want to know about marketing. I have brought on my experts to help answer some of those questions for you. There are times you will not need to pay but just be consistent in your posting on social media. Listen in; this is good stuff. Audio Production by Podsworth Media.

There may be a trick to getting your match and getting the money out without penalty. Also, if you are 30 years old and being told you can save your way into retirement, that is a lie. Because of inflation, you'll need close to $10 million to live like you are today on $100K per year. Numbers don't lie, listen in. Audio Production by Podsworth Media.

Let's debunk this myth that you can't start from scratch and that it's supposed to be easy. Then let's add to it that you should not have to work off the farm and your spouse needs a job in town so you can keep farming. I may have gotten a bit preachy in this episode; be warned. Enjoy. Audio Production by Podsworth Media.

Many want to create wealth in children's policies, and that is not always the best way. If we want generational wealth, we need to start with the older generation first. Listen in to see when it makes sense and when it doesn't. Audio Production by Podsworth Media.

Currently, three things I am being asked about are financial stability of companies with COVID deaths, comments about Bank Owned Life Insurance, and paying your full premium vs. your minimum premium. I address these three and explain more. Audio Production by Podsworth Media.

Many who have policies forget why then even have them. They buy a policy and then never use it to create cash flow or don't pay the full premium. They stop educating themselves and talking to me about how to think differently. Keeping yourself educated on this subject is the difference between being successful or having a savings account. Audio Production by Podsworth Media.

This process is not about handing all the reins over to me and having me make your decisions. This is about you becoming the one in charge and me guiding you through this process to learn. Audio Production by Podsworth Media.

In this episode, I visit with my client Michael Jenson, a dairy farmer from Wisconsin, and he shares with you what he is doing, why he made changes in his operation, and how IBC is going for him. Michael is great! Tune in! Audio Production by Podsworth Media.

Many folks question taking a policy loan based on rates only. It's not about the rate only, it's about opportunity and liquidity of money. Listen in. Audio Production by Podsworth Media.

In this episode, I talk about having more than one policy on yourself and how insurance companies figure that. I also talk about when to start a new policy when you already have one or more. Audio Production by Podsworth Media.

Is the policy rate really higher than the bank? When you figure in processing fees from the bank, it may not be. Also, what changes in the policy have been going on with the 7702 tax changes? We discuss all of that in this episode. Audio Production by Podsworth Media.

The Infinite Banking Concept is not really about whole life insurance or being a life insurance expert. It's about how to use money to give yourself freedom. In this episode, I answer some insurance questions and share with you why and how I am here to help you. Audio Production by Podsworth Media.

Where do you want to be in three years? If you don't take the action to change things, things won't change. Let's talk about that in this episode and look back at where you were three years ago. Audio Production by Podsworth Media.

Many see land being bought by non-farmers, and then that land sits idle as the owner takes tax breaks on it. Is this good or bad? Let me break it down on both sides. Audio Production by Podsworth Media.

Jim does not farm but works in the farming industry. Good stuff to learn here about business and how this can apply to your business, what it's like to work with me, and why you can start even after you're 60 years old. Audio Production by Podsworth Media.

It's that time of year again where your accountant is telling you to buy things to avoid taxes. Are you saving money or giving up liquid assets unnecessarily? That is what we discuss in this podcast. Audio Production by Podsworth Media.

In this episode, I visit with a newer client and he shares with you what he is doing, why he made the changes, what he thought of IBC right away, and how he's used his policy in the last year. Jay is awesome! Tune in! Audio Production by Podsworth Media.

Many folks ask if IBC can work for them if they don't farm yet. The answer is YES. Now is truly the best time to get started with Infinite Banking so you have a pool of money to use for getting your farm started later. Audio Production by Podsworth Media.

Many are judging a book by it's cover and think I hate bankers. That is not the title of the book, nor is it anywhere in the book. I actually really like bankers, but there is a difference between the banking system and the individual bankers. Audio Production by Podsworth Media.

You are told to diversify and look for better ways, yet when you do, the critics and ignoramuses who have arrival syndrome crawl out of the cracks. It's truly amazing to me, and you'll hear in this podcast how much I love these people. Audio Production by Podsworth Media.

Nelson always said if we use the banks we are part of the inflation problem. I believe not paying attention to what is going on and how to solve problems means we are also part of the economy problem. We should be asking how can we be part of a solution and take care of ourselves. Audio Production by Podsworth Media.

Many feel that death benefit and estate planning are not important. Today I share why these were so important for two of my clients. Audio Production by Podsworth Media.