Without the Bank Podcast

Stop being fake; be real and think big. You will go places. Don't allow yourself to hold you back. Audio Production by Podsworth Media - https://podsworth.com  

While trying to get ahead in life, so many folks are leveraging themselves to the point of trouble. This is what Nelson did, and learning from these mistakes is where the Infinite Banking Concept came from. Have you caught the Disease of More? Be careful and pay attention to what you are doing so you don't find yourself over-leveraged, even if you are borrowing from your policy. Audio Production b...

Infinite Banking is such a different way of thinking, and we tend to make it harder than it is. We compare it to things we shouldn't, we compartmentalize money, and we struggle with loan paybacks. We have been conditioned not to think and our imaginations have been stifled. Quit making it so hard and get creative! Audio Production by Podsworth Media - https://podsworth.com  

People love to blame banks for their financial difficulties, but are they really the ones who bear most of the blame? Audio Production by Podsworth Media - https://podsworth.com  

So many people use lump sums of money to start a business but never actually pay themselves back. This makes your books look better than they really are. This was not a free loan to yourself; you must pay it back. Audio Production by Podsworth Media - https://podsworth.com  

Are you actually doing your due diligence on what to do with your money, or are you like most of America, just a bunch of sheep? When you come across IBC, you then are labeled a black sheep, and we welcome you here, but you have to understand that you question things while most do not. Audio Production by Podsworth Media - https://podsworth.com  

So many people put money into their 401K but don't know the rules. These are not officially hidden, but it seems as if employees don't know on purpose. Audio Production by Podsworth Media - https://podsworth.com    

So many people find the infinite banking concept and think it's illegal. In this episode, I explain why I believe we have lost the knowledge of this 200 year-old product and why you need to listen to people who are educated on it. Audio Production by Podsworth Media - https://podsworth.com  

Fair warning: this is a rant! ...and I have said most of this before! ...but a lot of you need to hear it again! When you truly understand what IBC is about, you stop listening to the noise. Let's get back to basics! Audio Production by Podsworth Media - https://podsworth.com  

Most people associate family money with bad emotions and greed, yet family money can surely get you to the next level. Audio Production by Podsworth Media - https://podsworth.com    

Why are some IBC-users successful while others say IBC didn't work for them? Why are some business owners successful while the same type of business can be failing miserably for others? Human error. Audio Production by Podsworth Media - https://podsworth.com    

Are you so jealous that it is keeping you where you are? For many, the answer is yes. Look around at those who are jealous; they typically don't even ask questions about how things are done or how people advance in life. These are the, "must be nice," people. Do you want to be like that for the rest of your life? ...or do you want to learn, advance, and enjoy a higher level of success in life? Aud...

So many people are investing in short-term rentals (like AirBnB's), so why not have the experts on the show to find out more about how to do this? I love these ladies' podcast, Catch up with The KarWells, so I brought Emily and Sarah on to share some of their knowledge. Audio Production by Podsworth Media - https://podsworth.com  

We talk about being the banker with Infinite Banking, but a lot of people do not understand what that means. There are three characters in play, and you want to be all three, not just the borrower. With that comes responsibility that will either make this work or kill it. You get to decide how good of a banker and bank owner you want to be. Audio Production by Podsworth Media - https://podsworth.c...

Let's put this into perspective and look at what Nelson printed in the book. Many want to fast-forward, but Nelson said it'll take time. Audio Production by Podsworth Media - https://podsworth.com  

As you are told to pay off debt, what is Dave Ramsey doing? He is building his empire, building his cash flow through business growth and rental properties. Don't just look at his debt program; look at what he and every other wealthy person does: they create cash flow! Audio Production by Podsworth Media - https://podsworth.com  

There is so much debate about this, and so many people think what they are doing is wrong. Do what works for you... but here are my two cents on why I don't believe it's necessary and more of a personal issue than a money issue. Audio Production by Podsworth Media - https://podsworth.com  

Are you guilty of making this massive mistake? Audio Production by Podsworth Media - https://podsworth.com  

On this episode, I interviewed Rebecca Undem from Oakes, ND. We talk about how she is growing her small towns, helping others, her husband farming with her dad, and the challenges of it all. Rebecca is amazing, and you'll love this interview. Audio Production by Podsworth Media - https://podsworth.com  

Many have asked, and this seems to stump people: When do I start my next IBC policy? You want to start when you have excess money or are not using the policy you already have. You should know your budget well enough to know where money is going. I have outlined a couple ways to figure this out. Audio Production by Podsworth Media - https://podsworth.com  

Today I address common questions where people may get hung up about when to take a cash value loan vs. cash. Even possibly what to use that money for as well... so we will go over thinking about your pool of money, then how to ask those long term questions about what you may need liquid money for in the future. Audio Production by Podsworth Media - https://podsworth.com  

Many folks make you believe IBC is risk free. In reality, it is risk-averse but not risk free. There are two factors that will cause IBC to fail: 1. insurance company failure, and 2. human nature. More details in the episode! Audio Production by Podsworth Media - https://podsworth.com  

Many use these policies in their estate plans or as buy/sell or even key-man policies. The purpose of them is very misunderstood, and there are many better ways to do this without overpaying for life insurance. Audio Production by Podsworth Media - https://podsworth.com  

You have flexibility, but it should only be used when you NEED to, not all the time. Paying premium makes you money. Audio Production by Podsworth Media - https://podsworth.com  

Many people feel embarrassed when we meet that they have term life insurance. I do not hate term; it has it's use, just not for the long-term. Audio Production by Podsworth Media - https://podsworth.com