Farming Without the Bank Podcast

So many people ask me, "How can I use IBC in my life, and what all can I use it for?" This episode will go over some examples for everyone! Audio Production by Podsworth Media.

There is so much confusion out there around loan interest and where it goes. I try to clear that up in this episode and explain what the company gets, what you get, and where to put it. Keep in mind, life insurance companies are just that, life insurance. They are not providing banking information for IBC. Audio Production by Podsworth Media.

People who learn will always beat people who are learned. Are you the person always wanting to learn or the person who thinks you are done learning because you are done with school? If that's not you, I am sure you know those people. Join me as we discuss why lifelong learning and humility are crucial. Audio Production by Podsworth Media.

With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

As we create generational wealth, we forget that we still have the cash value to use and money sitting in the bank, should we pass. This is powerful when we talk about creating wealth. Audio Production by Podsworth Media.

Many folks tell the younger generation to not farm and then those same people get mad that Bill Gates and China are buying up lots of land. What do we want? Farmer or not? Audio Production by Podsworth Media.

Why it makes a difference to have good agents and companies to work with when using IBC. Audio Production by Podsworth Media.

If we are going to save family farms, we must plan correctly, and doing that with a trust will avoid any extra costs and allow you to make sure it stays in the right hands. Heidi Olson is a succession planner and trust officer who shares with us some good starting information on what needs to be done.

There are many ways to structure a policy, and I break it down to three basic ways here and explain why long-term may be better than short-term access. Audio Production by Podsworth Media.

How can you grow your business with all the right people and have them as an asset and not a liability? Audio Production by Podsworth Media.

Those who live closest to mom and dad are the ones who end up caring for them, and those who live far away don't understand the mental, physical, emotional, and economic toll this takes on the caregivers. Audio Production by Podsworth Media.

Nelson addresses this in the book, talking about being the bank owner, lender, and borrow, and why that is important... but I challenge you to look at this with every aspect of your life and why it's important. Audio Production by Podsworth Media.

Bankers will ask why you have so much life insurance or comment that your premium is too high, and many folks are asking me how we should respond. Let's address that, because there is not a simple answer. Audio Production by Podsworth Media.

Clients are asking, and I am prepared... as best I can be for you all to be taken care of. Audio Production by Podsworth Media.

Many are making decent money, but when I meet with them, I find out they have nothing saved. So the questions comes up, where is your money going? Nelson, talks about Parkinson's Law in his book, and we must seriously examine Parkinson's Law and beat it if we want to get ahead in life. Using money correctly and paying attention to it is what wealthy people do. Audio Production by Podsworth Media.

Fun interview with Lincoln going over his direct to consumer start, what he's using the policy for, and why he moved his policy to an agent who understands farming and IBC. Audio Production by Podsworth Media.

We've talked about it before, but let's look again at what estate planners/agents are trying to do to save farms by borrowing against the land to pay premiums. This is so risky, and I have some actual numbers to share as to why this is not going to work. Audio Production by Podsworth Media.

A breakdown of what the difference is between whole life and universal type policies. Audio Production by Podsworth Media.

This episode breaks down a few misunderstandings about IBC, who knows it, and why it's important to educate yourself. Audio Production by Podsworth Media.z

Negative thinking will not provide a solution or get you to the top. This podcast will help you understand why your thinking is helping or hurting where you are going. Audio Production by Podsworth Media.

Ken is a demographer who has some great insight on what is happening in the world and what we should be prepared for. Listen in to see where you can find opportunity. Audio Production by Podsworth Media.

What is going to happen to with the economy going forward? I am not sure anyone knows, not even me. Listen in for my version of the what ifs. Audio Production by Podsworth Media.

This may be long, but it is so worth every minute! Ty shares with us about his business, investments, how he's using his IBC policy, and how he has remained positive through struggles and the loss of loved ones in his life. He is an amazing young man! Tune in and be inspired! Audio Production by Podsworth Media.