Without the Bank Podcast

Interest rates on loans do not stop with the rate alone. What is your time worth, filling out paperwork, answering questions, and waiting to take an opportunity? This all matters. Infinite Banking is not really about rates but your time. 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.

Is your retirement there for the purpose of taking care of you or for the purpose of taking care of the gov't? Nelson has some good points that need to be considered, and every year that goes by, his predictions become more clear and true. Audio Production by Podsworth Media

The biggest challenge for people when learning about IBC is how much to start with, where to find the money, access to money, and then how to use it. This is an important chapter review. Audio Production by Podsworth Media.

So many of my older clients don't understand the value of what they know. In this episode, I share how I go through meetings and share ideas of how you can turn that knowledge into money. Audio Production by Podsworth Media.

Your bank should not just consist of one policy; you should have many, and it will take you a lifetime to create that system. Audio Production by Podsworth Media.

Many blue-collar jobs have pensions and may be part of unions. Those pensions are proving to not hold up due to where the money is being invested. Watch your pension and pay attention to the performance so you know you'll have something to retire on. It's YOUR retirement, so make sure you are not banking on them to take care of you; do something yourself on the side so if they mismanage it, you have a back up plan. Audio Production by Podsworth Media.

When receiving death benefit or inheriting large sums of money, the last thing you should do is pay down debt, if not needed. Buying more death benefit and using that money through the policy will leave the kids with more and you with more flexibility, if needed. Audio Production by Podsworth Media.

What is happening right now with the market is the true indication of compound interest vs. uninterrupted compound interest. It also is proof that actual rates of return are better than an average. The noise is keeping you in this never ending cycle.. but instead, you can be the black sheep to get out of it. Audio Production by Podsworth Media.

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

Where to get the money to start and how to think correctly about using this tool rather than another one for purchases. Audio Production by Podsworth Media.

John Maxwell had a great podcast episode on players vs. pretenders, and I just wanted to share that with you. If you have employees or even family members that all work together, then you are going to want to listen in to see who will be there for the long haul. 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.

So many people want to compare IBC to an investment, but they are not the same. Yet when they do compare them, they say they are not the same. Right; they are NOT an investment. 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.

Not all insurance companies or agents are created equal. Know and understand what it is you are buying and wanting to do with your IBC policy. In this chapter of Becoming Your Own Banker, Nelson lays out things you need to look for. Audio Production by Podsworth Media.

It seems like so many are missing the point of what IBC is and the fact that money is liquid to be used. Stop focusing on illustration numbers and start thinking about how you can use that money to create unseen growth. Audio Production by Podsworth Media.

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 mindset. Audio Production by Podsworth Media.

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.

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.