Without the Bank Podcast

How much are you spending on interest? Most are spending 34.5% of every dollar on interest, and they don't bother looking at how that affects their bottom line. Today we talk about why that's a big deal. Audio Production by Podsworth Media.

We thought the Soviet Union was poor because they stood in line to buy bread, but in fact, they had all kinds of money, just no product to buy. We are facing this same issue in the U.S. right now. Audio Production by Podsworth Media.

Should you borrow from one policy to start another? I say heck no and share why I firmly believe this. It's not about the number of policies! Audio Production by Podsworth Media.

This week, we go over two more chapters of Becoming Your Own Banker. Find out why a lack of imagination will stop you from understanding IBC and why stealing the peas is a bad idea. Audio Production by Podsworth Media.

This is a great review for those who didn't get to meet Nelson or hear his story. Today we discuss why he was forced into changing his thought process, why long term thinking is key, and why he knew life insurance was his answer. Audio Production by Podsworth Media.

We so often in life like to pass the task to someone else and then get upset because of how things are handled. In this episode, I address the topic of not getting your books done but then not taking the responsibility of buying things we can't afford just because the bank said we could. Who wrote the check? Audio Production by Podsworth Media.

I don't hate Dave Ramsey, but I sure do talk to a lot of his followers who are left struggling due to no cash flow. We can live without debt, but we can not live without having access to cash when we need it the most. Audio Production by Podsworth Media.

Today we are looking at the first chapter in Nelson's book and addressing the basics of Infinite Banking. We must think like a banker, own the bank, and understand money. This chapter goes over that. Audio Production by Podsworth Media.

So many are worried about how much to pay and committing to so much premium that they can't afford to pay it. That is not an issue, because premium payments are flexible, some more than others, and I discuss that in this podcast. Audio Production by Podsworth Media.

Is there a better place for your money besides paying down debt? In this episode, I talk about why you may not want to pay down debt and may instead want to use that money to create cash flow. Audio Production by Podsworth Media.

We will be doing a book study/review of Becoming Your Own Banker throughout the podcast. This review starts with the introduction of the book and outlines what IBC is and what it is not. This is one of the most important parts of Nelson Nash's book. Audio Production by Podsworth Media.

You may love or hate me by the end of this episode. Is the Biden plan a bad idea? ...and do we have the right to be upset? Listen in and find out! Audio Production by Podsworth Media.

Many want to compare IBC to investing, and it's not investing. It is not about an average rate of return. Averages are a lie, and I talk about that in this episode, along with why liquidity, control, and guarantees are the most important thing we need when creating wealth and retirement funds. Audio Production by Podsworth Media.

There is not a cookie-cutter answer for this scenario, so I will give you some ideas of how to use it and why the retirement scenario in Farming Without the Bank is different than the scenario is Life Without the Bank. Audio Production by Podsworth Media.

It's important to understand the types of life insurance out there and why we only use Whole life Insurance for the Infinite Banking Concept. Not all life insurance is created equal. Audio Production by Podsworth Media.

Is IBC a scam? ...and why would one think that? What really is the scam here? Audio Production by Podsworth Media.

Not only do we talk about Infinite Banking, but I want to share a little business advice with you. Find your niche and go with it, become the expert and watch the money flow in. Audio Production by Podsworth Media.

Hear what the difference is between simple, compound, and uninterrupted compound interest. You will hear why this new investing is not working and what the interruptions are costing you long-term... and also, why we use whole life for Infinite Banking and nothing else. Audio Production by Podsworth Media.

We want to stop paying as soon as we can, yet if we are making money, why stop? It's like selling your business when you finally start making money. I go over when insurance is paid up and why we never want to stop. Thinking long-term is important. Audio Production by Podsworth Media.

Many think they can't get started with the Infnite Banking Concept because they don't have the money, when in fact, they just aren't thinking about money correctly. I go over a few places to find money and different thoughts about money so you can figure out how to get started. Audio Production by Podsworth Media.

Many think deferring taxes is a great thing, but it is what is truly causing our retirees to be in a higher tax bracket. We are led to believe we'll be saving money, yet we are paying tax on the harvest and taking a tax break on the seed, when it should actually be the other way around. One must ask why the government limits the amount of money put into a Roth IRA. Audio Production by Podsworth Me...

The Federal Reserve is a little over 100 years old, and did you know it's not even owned by the gov't?! It's owned by private people, and they determine how much money is printed. Banks can borrow money from them and turn it 10x, causing the most inflation we've seen in years. Listen in to find out how many are really making money and starting new branches on every corner. Audio Production by Pods...

Many believe cash to be king, but you will learn in this Infinite Banking Concept that cash FLOW is king. You can be debt free, but that does not mean you have the cash flow to buy groceries. Listen in to find out why cash is not king. Audio Production by Podsworth Media.

IBC is the Infinite Banking Concept. This is what I learned in 2010 and am teaching all of you today. This is what wealthy people do and what we are taught not to do. Listen in, because this concept is amazing and will challenge what you know about money. Audio Production by Podsworth Media.

Have you ever considered that you may be stealing from yourself?! If you use cash from savings or checking, do you ever pay yourself back PLUS interest? If not, you will find out why being an honest banker is so important and a great way to create wealth. Audio Production by Podsworth Media.