Without the Bank Podcast

Many do not want to pay premium or want to pay the smallest amount they can. That is broken thinking; premium is the solution, not the problem. The problem is what we are doing now. We must create our bank, and to do so, we must pay premium. 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.

We have had a lot of questions lately on who owns the policy and controls and pays premium. This can be confusing, so I break it down as best I can. Audio Production by Podsworth Media.

Let's talk about what so many couples avoid talking about to their detriment: MONEY. Couples need to communicate effectively about money, yet most don't know how to or avoid it like the plague. Let's get on the right track starting today. Audio Production by Podsworth Media.

So many people talk to me about what to do for cash flow. Here is what I am looking at and listening to regarding this issue. Audio Production by Podsworth Media.

Many want to create college funds in kids' policies. In this episode, we talk about what that looks like, how life insurance is now or later, creating wealth for them, and more. Audio Production by Podsworth Media.

So many people think IBC is about rates of return when it's really about a thought process and human nature. In this episode, I talk about why it's so important to stay educated on the concept and keep learning, not just buy a policy and let it go. If you do that, you forget why you even bought it to begin with. Audio Production by Podsworth Media.

Doing a 15-year mortgage to save money on interest could be hurting your actual income and cash flow for retirement. Don't get caught up in the rates when you are ignoring cash flow. The only way to create cash flow is to have liquidity of money. It's a great formula that so many are missing out on. Audio Production by Podsworth Media.

Separating money into different accounts is not necessary if you are an honest banker and pay yourself back. In fact, it could be keeping you from creating cash flow. Listen in as I share some examples of why there is only one pool to take money from. Audio Production by Podsworth Media.

Having financial strain is hard on many levels, but avoiding that issue is not going to solve that problem. Here I have come up with my own term, Financial PTSD, and I talk about why it's so important to know your numbers. Audio Production by Podsworth Media.

In this episode, we talk about those people who think they know everything yet really know nothing because they are too lazy to learn. Is it ignorance, or an illusion of knowledge? Audio Production by Podsworth Media.

Those with the gold make the rules. Where is your gold, and why are we living in a state where no one has the gold? It's not about redistributing wealth; it's about how we treat our money. Listen in. Audio Production by Podsworth Media.

If you are running a business, do you know your numbers? This is a live or die scenario for your business, and I beat this horse pretty hard in this episode. Tune in and buckle up. Audio Production by Podsworth Media.

In this episode, we hit two more chapters of Becoming Your Own Banker and talk about Parkinson's Law: expenses rise to meet income, and a luxury once enjoyed becomes a necessity. Also, we visit about where the money sits and who is wanting to steal it. Audio Production by Podsworth Media.

So many new business owners question what they should be doing to grow their business with marketing. In this episode, I interview my marketing guys and ask them the hard questions you all ask me. If you want to grow you, must brand yourself and market and do it correctly. Audio Production by Podsworth Media.

Some of the worst advice we ever get is to avoid taxes. In this episode, I run through some numbers of why it truly does not make sense to buy things to avoid taxes; we just transfer money to the bank instead of keeping it, or we give up liquid cash. Audio Production by Podsworth Media.

In this episode, you'll find out why you should have a policy on a business partner or key employee. This is a very important topic that often gets missed in the business entity setup. 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.

Another BYOB book study breaking down the importance of being an honest banker, paying interest, and using the correct policy with the correct people. Audio Production by Podsworth Media.

Understanding how to be a honest banker and the time needed to start a bank or business is super important to the IBC process. If you get this wrong, the whole thing could fall apart. In this episode, I cover what is important to know for the growth and survival of the policy. The Infinite Banking Concept is not just about starting a policy, it's about being a bank owner and banker with the right...

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.

If they give something to you, they want something in return, and the American Families Plan is showing us what they plan to grab first! Always keep in mind how to keep yourself out of their reach. Audio Production by Podsworth Media.

This Infinite Banking Concept may look easy once you read the book, but not using the right agent could cost you a million dollars or more! Audio Production by Podsworth Media.

There is only one pool of money in the world, and we get to decide how that transfers to us. There is not a limitation on this, we are the ones limiting ourselves. Audio Production by Podsworth Media.