Farming Without the Bank Podcast

Today's episode is a little lesson on why inflation is killing our dollar and how it's affecting you. You'll hear how the banks make money and why they love your business. News flash: "Federal" does not necessarily mean "gov't owned"; in the case of the Federal Reserve, it's just good marketing by those behind it. Tune in and hear more about what is truly happening that you may not have been taught in the gov't school. Audio Production by Podsworth Media - https://podsworth.com

In this episode, I tackle the importance of owning insurance on other people's lives and answer important questions like: How do you go about doing that? How does the person being insured qualify for this? How do you legally protect this type of policy? What other things should you look out for? If you are farming with someone else aside from your spouse, you will not want to miss this episode. Audio Production by Podsworth Media - https://podsworth.com

Get your mind out of the gutter! If you have ever wondered if your operation is too small or too large, your answers are in this episode! I even address those who don't have their own operation yet and how it is still feasible to start the IBC process. You'll also find out what really does matter. Audio Production by Podsworth Media - https://podsworth.com

This is a bit longer of an episode than normal, but you won't even notice! Jolene Brown and I visit about how to communicate with family, recognize their strengths, and run your operation like a business, not a family farm. If you have communication challenges, you will definitely want to tune in, as Jolene gives some great tips on how to resolve some of the most common challenges farming families run in to. Audio Production by Podsworth Media

Many think there is some sort of loophole inside of the Infinite Banking Concept and that we are holding out on an awesome secret. In this episode, I talk about the fact that our secret is NOT a loophole, and there are some genuine tax advantages to whole life simply because the tax code favors it, just as it favors farmers in certain areas. It's not a magic bullet that allows us to sneak around taxes, but when used correctly, there are certain advantages. You will learn how to use it correctly and why it needs to be setup correctly for this purpose. Audio Production by Podsworth Media - https://podsworth.com

Why doesn't Dave like whole life insurance? This is a pretty common question, and in today's episode, I address my thoughts on Dave and why he doesn't like whole life insurance. You may find it interesting that I agree with Dave on why he doesn't like it. You will also hear why I like Dave, which may have something to do with him teaching some things I do not have the patience to teach. Audio Production by Podsworth Media - https://podsworth.com

This episode is all about getting started with IBC and getting over what you've been taught to think. There are times we want to do long-term loans so we have liquid cash and cash flow. That cash can then be utilized to benefit you and not the bank. This can put you in a position of greatness when times are tough and allow you to act when opportunities arise. We often think of returns on our money invested, but we don't think of returns on our money used for purchases or opportunities. The time to get started is now, regardless of whether you feel it's perfect or not. Without action, nothing changes. Audio Production by Podsworth Media - https://podsworth.com

Many farmers talk about diversification within their own asset class. For example, planting different types of crops or growing different types of animals. What most farmers are not looking at is how to diversify outside that class and use the farm to add another stream of income of a completely different kind. In this episode, I talk to the folks at Joshua Citrus, and we learn what they did to survive when they were forced to either look beyond growing citrus or shut down their operation. This is what I call diversification: Where can the farm create income that is not derived from the sale of commodities to an elevator or sale barn? Audio Production by Podsworth Media - https://podsworth.com

I am often asked to compare what I do to investments. In this episode, I ask you a question that most financial advisors will never ask. In addition, you are going to learn why whole life insurance is an "AND" asset and how important it is to have liquidity, control, and guarantees. These are ALL things most people do not talk about and why this concept is so misunderstood. Rates of return do not matter when you can have an infinite return of opportunities. Listen in, and get ready to answer the questions I have for you. Audio Production by Podsworth Media - https://podsworth.com

This episode will challenge your thought processes, yet again, so please open your minds before you hit play. I am going to talk to you about your number one source and creator of value, urge you to get this source insured, and discuss what happens when you don't feed it what it needs. Listen all the way to the end! You won't want to miss a minute of this episode. Audio Production by Podsworth Media - https://podsworth.com

Today we attack the age-old notion that it's easier to start farming when inheriting a family operation vs. starting from scratch. Mary Jo touches on the pros and cons of those taking over family operations and why it's not as easy as you may think. There are many reasons why those starting from scratch may actually have a leg up. Listen in if you want to have some of your ideas and thought processes challenged! Audio Production by Podsworth Media - https://podsworth.com

The biggest thing holding many folks back from starting IBC is the question of where to find the money to start the process. In this episode, I go over SIX different ways we can look for money to get started. It's all about how you think about money and how you utilize it. There is no reason to wait to get started. R. Nelson Nash, the founder of the Infinite Banking Concept, started the process at the worst financial time in his life. Getting started soon is key, and you'll see just how you can do that. Audio Production by Podsworth Media - https://podsworth.com

Love them or hate them, the millennial generation is here to challenge us, and I am loving every minute of it. They are truly looking ahead to see what can be done differently, questioning processes, and requiring lots of information before they make final decisions. If there is a generation to make the bank Plan B, it will be them, and everyone should welcome their ideas to make things better. Audio Production by Podsworth Media

We're digging deep into life insurance today and talking about why we use dividend paying whole life with a mutual company for the Infinite Banking Concept. I also go into teaching mode to help you understand that not all life insurance is created equal, and terminology is not always correct. Listen to find out if you truly have the right product, or if you may end up dying without the life insurance you've paid for. It's important to know what you have and why you have it. It's your money, and the goal is to create wealth and leave a legacy. Audio Production by Podsworth Media

Today we get down and dirty about what this Infinite Banking Concept actually is. You'll find out who the founder is, why he started it, and what we need to understand about the concept versus the life insurance policy. This is a very important episode that will equip you to decide if IBC is right for you and who you are going to work with going forward. You can either do it right with the right people or take unnecessary risks. Don't skip this one; it'll be worth your time. Audio Production by Podsworth Media

In this episode, I talk about the fact that Cashflow is King, and Cash is Queen. I tackle a lot of traditional mindsets here, and you may be challenged in your thought processes. I address: Why cashflow is more important than cash, How money is unnecessarily lost when using cash to make a purchase, Compound interest vs uninterrupted compound interest, Who's running your operation? You, the banker, or the accountant? Plus, being honest and paying yourself back. Listen in. You're either going to love it or hate it, but you definitely need to hear it. Audio Production by Podsworth Media

We have a 103 year-old banking problem in the farming industry, and most farmers have become complacent about it. I talk about this problem and how it's affecting farmers by allowing the bank to have control of the farm and use farmers' livelihood as collateral. You may never get rid of the bank completely, but you can sure try. The bank should be plan B, not plan A, and you can make that happen. This takes time, but you have to get started. Listen to hear how this banking problem began and what the solution is. Audio Production by Podsworth Media

Welcome to the Farming Without the Bank podcast! This first episode will help you learn a little about what I'll be sharing on this podcast and who I am! Happy to have you here, and I hope you enjoy the journey with me! Audio Production by Podsworth Media