Farming Without the Bank Podcast

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Mary Jo Irmen walks through a real whole life insurance policy illustration for a 27-year-old client paying just $6,000 a year — and the numbers might surprise you.

In this episode, Mary Jo breaks down what the cash value growth actually looks like year by year, what happens when you add extra premium in year one, and why so many people have been waiting too long to get started when they didn't need to.

What you'll learn in this episode:

Why $500/month ($6,000/year) is enough to build serious cash value over time - How compound interest and dividends work once your policy "crosses over" (around year 4) - The paid-up additions rider and why it accelerates your break-even point to year 7 - What happens if you put in an extra $11,000 in year one — and how that impacts your cash value at age 82 - Why paying in $211,000 over a lifetime can result in $843,000+ in accessible cash value - How health ratings affect death benefit (not cash value as much as you think) - Why you should stop waiting until you "have enough" — and just start

Ready to get started? 📧 Email Mary Jo: maryjo@withoutthebank.com 📧 Email John: john@withoutthebank.com 📚 Grab the book bundle (Farming Without the Bank + BYOB + Life): https://www.farmingwithoutthebank.com/book

Chapters: 00:00 Cash Value vs Death Benefit 00:44 Why Start Small Now 03:19 Case Study Setup 03:46 6000 Premium Walkthrough 06:10 When Cash Value Overtakes Premium 06:34 Avoiding MEC and Long Term Results 07:47 Using Cash Value Loans 08:51 Term Blend and Death Benefit 09:37 Adding Extra Year One 11:37 Break Even Faster 14:22 Age and Health Impact 16:51 Dividend Assumptions and Next Steps 17:53 Books and Contact Info 18:56 Closing Remarks

Audio Production by Podsworth Media - https://podsworth.com

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Are you waiting until you have more money before starting infinite banking? Mary Jo Irmen explains why you may not need $100,000—or even a large amount of money—to begin.

In this episode of Farming Without the Bank, Mary Jo discusses why people often delay after reading the book, how to identify a comfortable starter premium, and why starting with a smaller policy can be better than waiting indefinitely. She also explains how a system of multiple policies works, how to use future cash flow from paid-off loans or side work, and why planning ahead for family land and estate needs matters.

The goal is not to force a premium that does not fit your situation. It is to make the appointment, look at the numbers, and determine what is realistic for you right now. As Mary Jo explains, the numbers in the book are examples—not requirements. Sometimes, you simply need to subtract a zero and start where you are comfortable.

Chapters: 00:00 Stop Waiting To Start 00:57 Podcast Intro And Big Question 01:11 Why People Delay After Reading 02:51 Using Policies Not Saving 03:52 Finding A Starter Premium 06:13 System Of Multiple Policies 07:35 Family Land And Dad Policy 10:23 Create Cash Flow Ideas 13:24 Make The Appointment 14:53 Reread And Next Steps

#FarmingWithoutTheBank #InfiniteBanking #WholeLifeInsurance

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What does infinite banking look like in the real world? From bankers and veterans to city kids buying their first ranch — here's a glimpse into the conversations happening behind closed doors.

In Episode 364 of the Farming Without the Bank podcast, Mary Jo Irmen shares a candid recap of recent client meetings that span the full spectrum of agriculture and financial planning — and proves that it doesn't matter where you start, it matters how you think.

In this episode, you'll hear about:

Two bankers whose own clients brought them the infinite banking book — and what they learned A real enforced illustration breakdown on a universal life insurance policy (the numbers are eye-opening) Why military veterans MUST get whole life insurance before any PTSD or TBI diagnosis A mobile vet couple running their ranch like a true business with smart LLC structure A veteran looking to buy land — and the insurable interest challenge that comes with PTSD A mobile home repair entrepreneur dominating a four-state niche Hired hands getting a leg up by running cattle through a feedlot A nurse with a dream to build a rural hospice center And the story of a city kid with zero farming background who bought land, found a mentor, and built a real cattle operation from scratch

💡 Key takeaways:

You CAN start farming from scratch. You CAN build from nothing. The people who make it aren't lucky — they just refuse to take no for an answer.

📧 Questions or comments? Email Mary Jo: maryjo@withoutthebank.com

#FarmingWithoutTheBank #InfiniteBanking #WholeLifeInsurance #FarmFinance #StartFarming #AgriculturalFinance #beginnerfarmer

Chapters: 00:00 Ag Dreams Big Small 00:30 Podcast Updates Format 01:34 Staying In Your Lane 02:29 Bankers React To IBC 04:01 Dad Policy Cost Spiral 07:04 No Lapse Rider Warnings 09:09 More Meetings New Faces 09:37 Vet Clinic Ranch LLC 11:22 Veteran Land Insurance 14:07 Taxes Tennessee Homestead 15:11 Niche Success Mobile Homes 16:16 Hired Hands Build Equity 18:47 Hospice Land Vision 20:06 Starting From Scratch 24:01 Cowboy School Mentorship 25:34 Wrap Up And Feedback

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An Iowa widow is suing her financial advisor and two life insurance companies after a premium-financed IUL strategy left her family farm buried in $38 million of debt. Mary Jo has been warning about this exact scheme for years — now there's a real lawsuit to prove it.

In Episode 363 of Farming Without the Bank, Mary Jo Irmen breaks down the November 2024 lawsuit involving a debt-free Iowa farm family who was sold $23 million in IUL coverage — with $2.5 million in annual premiums financed through bank loans secured by their paid-off farmland. The strategy was sold as a way to protect the farm from estate taxes. Instead, it put the entire farm at risk.

In this episode:

The full story behind the Iowa widow's lawsuit (agent Davis, Emeritus, and PacLife)
How premium financing works — and why it's especially dangerous for farm families
How unethical agents exploit estate tax fears to target debt-free farmers
The difference between "churning" and "twisting" — and why neither costs agents their license
Why the original $5 million policy would have been enough all along
Red flags to watch for if someone is pitching this strategy to you or your family

The original $5 million policy would have covered everything. Instead, the debt hit $38 million. Don't let this happen to your farm.

If you've been presented with a premium-financed IUL strategy — or know someone who has — reach out before signing anything. Mary Jo and John will review it at no charge.

📧 Mary Jo: maryjo@withoutthebank.com 📧 John: john@withoutthebank.com

#FarmingWithoutTheBank #IULInsurance #PremiumFinancing #FarmEstatePlanning #FarmlandProtection

Chapters: 00:00 Premium Finance Warning 00:29 Why This Must Be Shared 03:23 The Iowa Lawsuit Begins 03:36 Agent Background Questions 05:40 Churning and Twisting Explained 08:33 How The Farm Got Pitched 12:10 Premium Financing Mechanics 14:14 Why The Numbers Collapse 19:50 Who To Trust For Advice 22:56 Share and Get Help

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One wrong auction company can cost you the true value of your land — and you'd never know it.

👉 Find more Farming Without the Bank here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Amber Haugland of Haugland's Action Auction joins the show to pull back the curtain on a side of the land auction world most farmers never see coming. Whether you're selling the family farm, bidding on land next door, or starting to think about your estate, this episode could save you tens of thousands of dollars.

IN THIS EPISODE: ✅ How to vet an auction company before you sign a single thing ✅ The "fake bid break" tactic — and exactly what to watch for in real time ✅ Why comparing commission rates alone will get you burned ✅ Sealed bid + live top-5 auction: why it consistently gets sellers the best price ✅ What buyers should NEVER tell an auction company ✅ Online auctions: the transparency problems and hidden buyer fees ✅ Owner financing through auction — how it works and why more people don't know about it ✅ Why naming your auction company in your estate plan prevents family war ✅ The ripple effect unethical auctioneers are having on farmland prices for everyone

Chapters 00:00 Step Back First 00:35 Podcast Intro 01:54 Seller Due Diligence 04:24 Marketing That Works 05:22 Verify Mailers Sent 08:10 Commission And Hidden Fees 11:27 Pressure Tactics Warning 12:38 Auction Types Explained 12:55 Phony Bids And Breaks 16:48 Sealed Bid Strategy 20:11 Online Auctions Problems 25:00 Reserves And Starting Bids 29:43 Market Distortion Fallout 35:02 Don't Tip Your Hand 37:39 True Land Value Metrics 39:12 Survey Cost Surprise 40:56 Buyer Prep and Price Discipline 42:19 Auction Red Flags and Transparency 42:58 Funny Money and Asking Who 45:22 Tenant Offers vs Auction 49:00 Keep Your Cards Close 50:33 Owner Financing Options 52:36 Risks and Screening Buyers 56:31 Sibling Disputes and Estate Planning 01:03:02 Sell Sooner and Enjoy It 01:07:52 Wrap Up and Contact Info

Connect with Amber Haugland: 🌐 https://hauglandsactionauction.com 🌐 https://hauglandinsuranceservices.com

📘 Get the Book: https://www.farmingwithoutthebank.com/book 📩 Questions? MaryJo@WithoutTheBank.com

#LandAuction #Farmland #FarmingWithoutTheBank #estateplanning

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Are you wondering if your life insurance policy will actually be there when your family needs it? Mary Jo Irmen walks through multiple real-life life insurance policy review illustrations showing exactly how flexible premium universal life, variable universal life (VUL), and adjustable universal life policies perform over time — and why so many of them collapse before you're likely to die, leaving your family with no death benefit and no cash value.

What you'll learn in this episode:

What an in-force illustration is and how to request one from your carrier
Why universal life policies often reach zero cash value before the insured's death — leaving families with NO death benefit
Real example: $82,000 paid into a policy → zero payout at death
How a VUL policy on a 38-year-old lapses completely by age 79
The difference between "current charges" and "max charges" — and why it matters for your life insurance policy lapse risk
Why whole life insurance (with paid-up additions rider) is the superior alternative for farm estate planning and farm succession planning
How whole life insurance cash value grows predictably compared to universal life
Why IUL (indexed universal life) and variable universal life insurance carry hidden risks most agents don't explain
What to ask your agent when you get your in-force illustration
How whole life insurance for farmers fits into a financial planning and infinite banking strategy

📋 Get your in-force illustration and email it to Mary Jo before your appointment — MaryJo@withoutthebank.com📗 Get the books: 👉 Life Without the Bank + Nelson Nash's Infinite Banking book bundle: withoutthebank.com

Chapters: 00:00 Policy Collapses Shock 00:46 Podcast Intro and Goal 01:35 How to Read In Force 03:27 Flexible Premium UL Example 07:02 VUL Charges and Lapse 13:18 VUL Falls Apart at 70 17:17 Adjustable UL Lapses at 87 19:11 90 Year Old Policy Runs Out 20:39 Why This Keeps Happening 24:36 Wrap Up and Next Steps

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What if you could finally have goats and sheep — without building miles of netting or chasing escapes? That's exactly what virtual collars made possible for Meg Greske, and she breaks down EVERYTHING in this episode.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: hhttps://www.farmingwithoutthebank.com/book

Mary Jo sits down with client and regional conservation consultant Meg Greske (Oklahoma Conservation District) to dig into real-world results of using NoFence virtual collars on sheep and goats — from cost and training to wool vs. hair breed differences, company comparisons, and whether the data privacy concerns are worth worrying about.

In this episode: 💲 Real cost breakdown: NoFence collars ($240–$270/collar + ~$3–4/month after year 1) 🐐 Why goats train fast — and why wool sheep take weeks longer 🆚 NoFence vs. Halter vs. Gallagher vs. Moneal vs. Vence — what's actually different 📡 Base station drama: why Halter just went base-station-free and what it means 🔒 The "tinfoil hat" question: data privacy, tracking, and who owns your herd data 🐑 OSU research on animal stress — is virtual fence cruel? (No. Here's the proof.) 📈 How virtual collars are making intensive rotational grazing feasible for small producers 💰 Grants & cost share: SHIP program, EQIP applications, and what's coming ⏳ Should you buy NOW or wait for better tech?

Chapters 0:00 - "Buy Now or Wait?" (Cold Open) 0:50 - Intro: Meet Meg Greske 2:19 - NoFence Collar Costs & Pricing Breakdown 3:19 - Comparing the Companies: NoFence, Halter, Gallagher, Vence & Moneal 5:08 - Halter Just Went Base-Station-Free 6:40 - Base Stations: History & Why They're Becoming Obsolete 8:41 - Collar Lifespan & Battery Life 11:32 - Training Sheep & Goats: Wool vs. Hair Breed Differences 13:22 - Minimum Size Requirements & Flocking Behavior 14:05 - Running Sheep, Goats & Cattle Together 16:33 - App Ease of Use & Customer Support 18:24 - Grants & Cost-Share Programs (SHIP, EQIP) 20:43 - Data Privacy: Who Owns Your Herd Data? 22:12 - Terrain, Cell Service & Connectivity 24:42 - Intensifying Rotational Grazing With Virtual Fencing 27:18 - Goats for Hire: Brush Clearing as a Business 28:44 - Training Process Step-by-Step 29:44 - Animal Welfare & OSU Stress Research 30:46 - Health Monitoring & Future Tech Integration 32:07 - Buy Now or Wait? Meg's Final Answer 34:35 - Could Virtual Collars Work for Horses? 38:04 - Meg's Diversified Ranch Operation 39:35 - How to Reach Meg & Outro

🔔 Subscribe for weekly episodes: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 📅 Client Summit — January 2027, Chandler, AZ. Watch your email for the save-the-date! 📖 Learn more: https://farmingwithoutthebank.com 💌 Email: maryjo@withoutthebank.com 📧 Meg's contact: mgcows@gmail.com

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What does it actually cost to run No Fence virtual fencing on a real cattle farming operation — and can you finance it without losing compound interest? Idaho rancher Tyson Coles has run the system for 4 full seasons and shares the real numbers.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 👉 Get the book: https://www.farmingwithoutthebank.com/book

In this episode, Mary Jo sits down with rancher Tyson Coles to break down exactly how No Fence GPS cattle collars work, what they cost, and how they've transformed his operation. Tyson shares the actual dollars saved on labor, fuel, and equipment — plus a jaw-dropping story of moving an entire herd through an irrigation canal solo, a job that used to take 6 people and 4 hours. Mary Jo also walks through how she finances technology purchases using the Infinite Banking Concept — keeping uninterrupted compound interest working inside a whole life policy while still putting new equipment to work on the ranch.

In this episode: - How No Fence GPS collars work (without shocking your cattle) - Real ROI: labor savings, fuel costs, and heavier calves at weaning - Battery life, solar charging & reliability in rough terrain - The "reduced movement" health alert that saved a calf's life - Using Infinite Banking to finance ag tech without breaking your cash flow

💰 Get 10% off No Fence collars: https://www.nofence.com ⭐Use code TysonGraze10 at checkout. (This code is case sensitive.)

Follow Tyson on social Media: Facebook: https://www.facebook.com/tysonandstefanie.coles Instagram: https://www.instagram.com/colesfamilyfarm

Chapters 0:00 The $12,500 Return on Collars 0:48 Meet Tyson Coles: 4 Seasons with No Fence 2:17 No Fence Collar Pricing Breakdown 7:00 First Test: Grazing Cover Crops in October 9:39 How to Train Cattle with Virtual Fencing 11:46 Battery Life, Solar Charging & Replacements 15:19 Cost Breakdowns 20:08 Collar Durability & Lifespan 21:07 How Easy Is the App? (Even for Kids) 24:10 Managing Multiple Pastures & Locations 29:06 HerdNet Bluetooth: Sub-Minute Updates 30:32 Feeding Cows Remotely from 9 Hours Away 34:12 Health Alerts: Reduced Movement Detection 36:13 When to Collar Calves 38:00 Rotational Grazing Under Center Pivots 44:33 Collar Fitment & How to Find Lost Collars 47:21 Using Virtual Fencing for Sorting 48:30 Full ROI Breakdown 50:13 Grazing Standing Corn Instead of Ensiling 51:50 Weaning Weights Jump 100+ Pounds 56:40 Moving an Entire Herd Through a Canal — Solo 1:00:17 Any Downsides? Honest Assessment 1:02:33 Grants Available: EQIP & State Programs 1:04:58 Data Privacy: Is Your Herd Info Reported? 1:06:07 Discount Code & How to Reach Tyson 1:08:41 Financing Collars with Infinite Banking

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Is diversifying your farm or ranch actually costing you money?

In this episode of Farming Without the Bank, Mary Jo digs into a question that came up four times in one week: should you take your farm profits and diversify into real estate, rentals, or another business — or double down on what you already know?

Mary Jo shares her own hard-learned lessons from managing Airbnbs, long-term rentals, and side businesses — and why she's now pulling back to focus on what she actually loves: agriculture and infinite banking. Plus, a real client story of a veterinarian who grew from $1.5M to $10M gross in just three years by staying in their lane.

📌 In this episode: 0:00 — The farm & ranch dilemma 1:00 — "People are making money… but assumptions get you in trouble" 2:00 — Mary Jo's personal diversification experiments (Airbnbs, rentals, chocolate) 3:30 — Why switching lanes costs more than you think 5:00 — The Airbnb hot tub story (and why one is enough) 7:00 — Diversifying WITHIN agriculture vs. into unknown territory 9:40 — $1.5M to $10M in 3 years: the case against diversification 11:30 — "Why would you not pour into that business?" 12:50 — The mower analogy: finding clarity in focused work 15:00 — "Stay in my lane, don't cross over lanes"

Website: https://www.farmingwithoutthebank.com 💌 Email: maryjo@withoutthebank.com 💌 Email: john@withoutthebank.com

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Doug Ferguson reveals his Sell/Buy Marketing cattle system — profit in any market without the bank.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

Doug Ferguson, owner of Mr CattleMaster, joins Mary Jo to break down his Sell/Buy Marketing system — the real-time cashflow method that tells you exactly what to pay for cattle before you ever raise your hand at auction.

If you've been told you can't make money raising cattle, this episode will change how you see every trade.

🔑 In This Episode: ➤ What Sell By Marketing actually means (hint: it's NOT "buy low, sell high") ➤ The barn card system — your maximum bid calculated BEFORE you walk in the ring ➤ Why being profit-driven beats performance-driven every time ➤ How Doug scaled up during market crashes while others sold out ➤ The body language signals that reveal what buyers are really thinking ➤ Why your mindset matters more than your market timing

#FarmingWithoutTheBank #CattleMarketing #cattlemarket #farmfinance #americanfarmer #salebarn

⏱️ Chapters 00:00 Sale Barn Body Language 01:02 Podcast Intro Doug Arrives 02:58 Why Sell Buy Marketing 05:55 Learning the Math 08:57 Beyond Buy Low Sell High 13:19 Cattle Square Explained 15:59 Profit Over Performance 20:04 Tracking Overheads Costs 29:45 Control Cash Flow Stockers 33:04 Registered Cattle Exit 36:28 Money Must Flow 37:17 Mindset Before Numbers 38:26 Paradigms and Proctor 40:02 Staying Profitable Under Pressure 42:32 Barn Card Discipline 46:11 Toxic Talk and Proof 52:22 Focus in the Sale Barn 55:02 Who Actually Implements 59:14 True Costs and Rent 01:03:17 Cushions and Capital Intent 01:05:35 Crash Outs and Market Cycles 01:12:40 Black Swans Fear and Greed 01:13:49 Profiting From Crashes 01:14:35 Cash Flow Vs Balance Sheet 01:15:46 Sell Buy Trade Mechanics 01:16:22 Virgin Buys Explained 01:17:01 Buyback Timing Mindset 01:19:30 Pre Buy Strategy 01:22:07 Logistics And Shipping Math 01:24:08 Business Costs Big Picture 01:26:48 Reading And Being Teachable 01:31:35 Avoiding Bad Buys 01:39:34 Sale Barn Body Language 01:43:14 Online Buying Mishap 01:46:07 Schools And Final Advice

🐮 Mr CattleMaster 👉 https://www.mrcattlemaster.com 📖 Get the book 👉 https://www.farmingwithoutthebank.com/book

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Most farmers will never take this financial step — and it's costing them generational wealth. Here's what the 1% do differently.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

Today, we break down the single most important financial action farmers can take to build lasting wealth using infinite banking strategies. We tackle the biggest objections head-on — "I don't have enough money," "I need to think about it," and "My advisor says no" — and show you why those barriers are easier to overcome than you think.Whether you're running a family farm, managing commodity operations, or just starting to think about your financial future differently, this conversation will change how you view what's possible.

🔑 What you'll learn: • Why the "I can't afford it" objection is a mindset trap • How to start with less than you think (the "take a zero off" strategy) • The role of skeptical spouses — and how to bring them on board • Why traditional financial advisors push back on this approach • The tree-planting metaphor that explains the long game of infinite banking

👇 Ready to see what this looks like for YOUR operation? Get the book here and get started: https://www.farmingwithoutthebank.com/book

Chapters 0:00 - The 1% of Farmers — What They Do Differently 1:43 - "I Don't Have Enough Money" — The Biggest Objection 7:05 - How Infinite Banking Actually Works (The Cash Value Strategy) 11:06 - "I'm Not Ready Yet" — Why Waiting Costs You 15:47 - Why So Few People Actually Take Action 19:40 - The Tree-Planting Metaphor — Playing the Long Game 22:15 - When Your Spouse or Family Is Skeptical

Website: https://www.farmingwithoutthebank.com 💌 Email: maryjo@withoutthebank.com 💌 Email: john@withoutthebank.com

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Banks are pulling credit from good borrowers — here's how to protect your farm's financial future.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

What happens when you play by the bank's rules and they still cut you off? In this episode, Mary Jo and John break down real client stories that expose a hard truth: equity is not liquidity, and paying off loans early earns you zero extra credit with the bank. From a trucking company owner who never missed a payment to a couple with 13 rental properties and $300K trapped in an IRA — these stories prove why liquidity, control, and guaranteed compound interest matter more than any balance sheet.

🔑 In this episode we cover: ➡️ Equity ≠ Liquidity — Having equity in real estate or paid-off loans doesn't mean you can access cash. ➡️ Banks don't reward early payments — Paying off loans faster earns you no loyalty. ➡️ Liquidity, control, and guaranteed compound interest — This trio only exists inside a properly structured whole life policy (Infinite Banking). You can't replicate it with a bank, the stock market, or real estate alone. ➡️ Intergenerational opportunity — Older farmers need help; younger people need opportunity. The match is there, but someone has to make the introduction. ➡️ Creative income streams are everywhere — From lawnmower flipping to wedding magnets to vending machines, low-capital businesses are creating real wealth.

Chapters 0:00 - Client Summit Announcement — Chandler, AZ Jan 2027 1:00 - Young Farm Couple Finds Opportunity With Older Operator 5:30 - Connecting Farmers Who Need Help With Those Who Want In 6:30 - Taking Over a Farm When the Kids Don't Want It 9:15 - 13 Rental Properties, $300K in an IRA — And No Liquidity 12:00 - The Hard Truth: Equity Is NOT Cash 14:30 - Nelson Nash: Infinite Banking Requires Imagination 16:45 - Why Other Advisors Don't Get It 17:20 - The Hidden Value of Older Generations' Knowledge 20:30 - Creative Side Hustles: Lawnmowers, Totes & Magnets 24:30 - He Never Missed a Payment — The Bank Cut Him Off Anyway 27:00 - The Myth of "Extra Credit" for Early Payments 29:45 - Myron Golden's 20% Interest Philosophy 33:40 - Vending Machines, Hydroponics & New Farmer Grants 38:00 - 3,000 Sheep, Guardian Dogs & H-2A Workers 40:30 - What Liquidity, Control & Compound Interest Really Means

🔔 Subscribe for weekly episodes on farming without the bank 📅 Client Summit — January 2027, Chandler, AZ. Watch your email for the save-the-date! 📖 Learn more: https://farmingwithoutthebank.com

💌 Email: john@withoutthebank.com 💌 Email: maryjo@withoutthebank.com

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A therapist reveals why farm families are breaking — and what it takes for rural America to heal.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ

Rural America is quietly struggling with a mental health crisis most people never talk about. Therapist Amber Ferguson joins the show to expose what's really happening behind the scenes in rural America — the isolation, the verbal abuse passed down through generations, and the crushing weight of a culture that treats asking for help like a weakness. Amber breaks down why agriculture needs more counselors who actually understand farm life, how isolation rewires the brain, and why the hardest step isn't fixing the problem — it's admitting you have one. She also tackles the growing mental health emergency in kids, the impact of screen time on impulse control, and what parents can do right now to protect their families.

Key Points: ➤ Why rural communities desperately need more therapists ➤ The verbal abuse cycle destroying farm families from the inside ➤ How isolation and loss of community fuel the mental health crisis ➤ Why your brain is wired to focus on the negative — and how to fight it ➤ Screen time, impulse control, and what's happening to kids' mental health ➤ Practical steps for building boundaries and self-worth at home

👉 Find Amber Here: https://bvbh.net/staff/amber-ferguson 🛑 If you or someone you know is struggling, call or text 988 (Suicide & Crisis Lifeline) or text HELLO to 741741 (Crisis Text Line).

Chapters 0:00 - The "Nobody Cares" Factor 2:00 - Meet Therapist Amber Ferguson 5:00 - Isolation & the Rural Mental Health Crisis 12:35 - Would You Kill Yourself for Your Farm? 21:13 - Why Everyone Just Wants to Be Heard 28:10 - Your Brain Is Wired for Negativity 41:00 - What Suicidal People Actually Feel 49:24 - Screen Time & the Loss of Impulse Control 55:10 - Prevention Is Easier Than Reaction 1:04:00 - Teaching Kids Boundaries & Self-Worth

👉 Get the book: https://www.farmingwithoutthebank.com/book

🔔 Subscribe for new weekly episodes 👍 Share this episode with someone you love 📧 Reach out with your questions or what you want to learn in future episodes

Website: https://www.farmingwithoutthebank.com 💌 Email: maryjo@withoutthebank.com

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Life insurance isn't just protection — it's a tax-free wealth tool your CPA probably missed.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

What if the money you've been putting into your 401k is quietly creating a tax burden for you AND your heirs? In this episode, MJ sits down with John to break down the three tax advantages of whole life insurance that most financial professionals overlook — or get flat-out wrong.

💡 Key Ideas Covered: • Why life insurance premiums are like paying "tax on the seed" — so you never pay tax on the harvest • How your cash value grows income tax-free AND can be accessed income tax-free through policy loans • Why borrowing from your life insurance won't spike your Medicare costs or trigger RMDs • The hidden tax bomb inside inherited IRAs — and why a tax-free death benefit changes everything for your heirs • Why banks themselves hold billions in Bank-Owned Life Insurance (BOLI) — and what that tells you • Real client stories: what happens when a CPA gives bad advice about canceling a policy Whether you're skeptical about life insurance as a financial tool or you just want to understand the full tax picture, this episode will challenge what you think you know.

⏱️ Chapters: 00:00 - Life Insurance Tax Basics Explained 00:24 - Meet John 01:00 - Are Life Insurance Premiums Tax-Deductible? 03:05 - The "Seed vs. Harvest" Tax Concept 04:30 - Why 401k Withdrawals Can Backfire 06:00 - The Hidden Tax Costs of 401ks & IRAs for Heirs 11:15 - Responding to Critics of Life Insurance 12:14 - When Bad CPA Advice Costs Clients Everything 18:55 - Why Banks Own Life Insurance (BOLI) 20:57 - The 3 Tax Benefits of Life Insurance — Recap 22:15 - Warning: Don't Surrender Your Policy 22:48 - Real Story: Bad Medicaid Advice from an Accountant 25:28 - Why You Need to Talk to a Specialist 26:42 - Final Thoughts & How to Connect

🔔 Subscribe for new weekly episodes 👍 Share this episode with someone you love 📧 Reach out with your questions or what you want to learn in future episodes

Website: https://www.farmingwithoutthebank.com 💌 Email: john@withoutthebank.com 💌 Email: maryjo@withoutthebank.com

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Your family needs your phone when you're gone — most of them can't get in. Here's the fix.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ

Your loved ones WILL need access to your phone when you're gone — for banking, insurance, business contacts, and more. Most families can't get in. Here's what you need to do now.

In this episode, we dig into the real and emotional aftermath of what happens when a family can't access a deceased loved one's phone. From a friend's son killed in a car accident with no accessible car insurance info, to losing a marketing partner who had two-factor authentication locked on every account — these aren't hypotheticals. They're happening right now.

Key Takeaways: ✅ Your family needs your phone for far more than sentimental reasons — banking, insurance, subscriptions, business contacts, and two-factor authentication all live there ✅ Phone carriers like Verizon will NOT grant access to a deceased person's phone — even with a death certificate ✅ Two-factor authentication can permanently lock loved ones out of critical financial accounts ✅ Entrepreneurs: your spouse needs access to seed suppliers, agronomists, dealerships, and banking contacts — not just your personal accounts ✅ At minimum — write down your phone passcode and put it somewhere trusted. That's step one. ✅ The "I don't care, I'm dead" mindset isn't just careless — it can shatter the way your loved ones remember you forever

🔔 Subscribe for new weekly episodes 👍 Share this video with someone you love 📧 Reach out with your questions or what you want to learn in future episodes

Website: https://www.farmingwithoutthebank.com 💌 Email: maryjo@withoutthebank.com

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Canadian IBC warning! Policy loans can trigger taxes—know ACB before it costs you.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

In Canada, borrowing from your whole life policy could become taxable income if you're not careful. Most farmers and ranchers north of the border don't know about the Adjusted Cost Basis (ACB) — and it could cost them. In this episode, MJ sits down with Lacy of Ranch Your Way to break down exactly how the Infinite Banking Concept works differently in Canada, what traps to avoid, and why understanding agriculture is non-negotiable for any financial advisor serving farm and ranch families.

Lacy brings a rare combination of boots-on-the-ground ranching experience and deep financial expertise. A Texas-born horsewoman who married a Canadian rodeo cowboy and now runs cattle on a family ranch established in 1910, Lacy understands the agricultural world from both sides of the fence — literally. Together, MJ and Lacy explore the critical differences between US and Canadian infinite banking policies, the realities Canadian farmers are facing with new government regulations, and why protecting your family legacy requires more than just working hard — it requires a plan.

Whether you're a Canadian farmer looking to implement the Farming Without the Bank strategy, a financial advisor serving agricultural clients, or simply curious about the cross-border differences in whole life insurance policy structures, this episode is packed with real-world insight you won't find anywhere else.

Key Takeaways: ✅ The Adjusted Cost Basis (ACB) is Canada's biggest difference — when your ACB hits zero and you have an outstanding loan at year-end, that loan can become taxable income ✅ The Insured Retirement Plan (IRP) is a powerful Canadian-specific retirement strategy using your policy as bank collateral for tax-free annual income ✅ Financial advisors must understand the agricultural lifestyle to effectively serve farming and ranching families — underwriters often lack basic knowledge of rural life ✅ Proposed CFIA cattle tracking regulations could create major challenges for Canadian ranchers who use rotational grazing and large community pastures ✅ Without proper estate planning and life insurance, family farms are often lost — not from failure, but from lack of preparation ✅ Having a succession plan inside your own business ensures clients are protected no matter what happens to you personally

⏱️ Chapters: 00:00 — Introduction: Lacey & the Canadian Version of Farming Without the Bank 01:23 — Lacey's Agricultural Background: From Texas to a Canadian Ranch 05:00 — The 1910 Family Ranch & Children's Involvement in Ranching 07:30 — The #1 Difference in Canada: Loan Taxation & the Adjusted Cost Basis (ACB) 12:00 — MEC Rules, Uninterrupted Compound Interest & Canadian Insurance Companies 15:29 — Why Advisors Must Understand the Agricultural Lifestyle 22:00 — Underwriter Misconceptions & the Realities of Rural Life 32:00 — Protecting Family Farms from Corporate Buyouts & Legacy Loss 36:00 — Life Insurance as an Estate Planning Tool 37:40 — Canadian Government Cattle Tracking Regulations & the Impact on Ranchers 42:00 — The Economic Climate in Canada: Tariffs, Canola & the Weak Dollar 47:00 — Rural vs. City Life: Why the Farm is the Best Classroom 52:00 — The Importance of Succession Planning in Your Own Advisory Business 56:00 — Calls to Action & Where to Find the Canadian Book

📘 Grab the Farming Without the Bank — Canadian Version at https://www.ranchyourway.com/#books 🎥 Enroll in the free 4-part video series at https://www.ranchyourway.com/#events 🇨🇦 Canadian farmers — Email Wecare@ranchyourway.com for an appointment with Lacy's team

🇺🇸 US farmers — reach out to MJ or John to get started implementing Farming Without the Bank on your operation 💌 MaryJo@withoutthebank.com 💌 John@withoutthebank.com

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Real clients. Real collapsed policies. Why Universal Life might be quietly robbing your family.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

What if the "permanent" life insurance you've been faithfully paying into for decades isn't actually permanent? Mary Jo pulls back the curtain on one of the most misunderstood products in the insurance industry — Universal Life (UL) policies. Using real client examples, she reveals how UL, Variable Life, and Indexed Universal Life (IUL) policies are built on a term chassis with increasing fees and charges that silently drain your cash value over time — and can leave your family with zero death benefit despite 30+ years of premium payments.

In this episode, you'll learn: ➤ Why Universal Life is fundamentally different from Whole Life — and why that distinction matters enormously ➤ How rising fees and charges can cause a policy to collapse before you ever die ➤ The real story of a 90-year-old client whose policy showed $0 at age 98 — despite decades of payments ➤ What "guaranteed vs. non-guaranteed" actually means in your policy contract ➤ How to request an in-force illustration from your carrier and what red flags to look for ➤ Why Whole Life remains the only truly guaranteed permanent life insurance product

Whether you own a UL policy, are helping an aging parent review their coverage, or are in the early stages of life insurance planning — this episode could save your family from a devastating financial blindside.

⏱️ Chapters 00:00:00 - Why Universal Life Policies Worry Me More Than Bad Agents 00:00:37 - Welcome: The Truth About Universal Life Insurance 00:01:30 - Client Story: 30 Years of Payments, Now Playing Russian Roulette 00:02:40 - Permanent Life Insurance Explained (And Why UL Isn't What You Think) 00:04:22 - Live Policy Review: The Numbers That Should Terrify You 00:10:00 - Second Policy: "Paid Up" — But Is It Really Safe? 00:11:35 - Client Story #2: Dad on Oxygen Gets a Surprise Premium Bill 00:13:00 - Why Insurance Companies Now Underwrite to Age 121 00:15:30 - The "He'll Be Dead Anyway" Argument — And Why It's Dangerous 00:16:40 - What You Have to Know Before Buying Any Life Insurance

📋 Pull out your policy documents and request an in-force illustration from your insurance company today. Don't wait until it's too late.

Have questions about Infinite Banking for your farm or ranch? Reach out to MJ: 💌 MaryJo@wihoutthebank.com

🎙️ Subscribe to Farming Without the Bank for weekly conversations on financial strategies built specifically for farmers and ranchers.

👉 Get the book: https://www.farmingwithoutthebank.com/book

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Close to a million acres burned. Cattle being relocated across state lines. Fertilizer prices spiking. And the cattle market could flip without warning. If you farm or ranch for a living, this episode is not optional.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

The Nebraska wildfires have burned close to a million acres — and the agricultural fallout is just beginning. MJ and John break down what this means for the cattle market, hay prices, land values, and YOUR operation.

In this episode of Farming Without the Bank, we cover: 🔥 The Nebraska wildfire crisis — nearly 900,000 acres burned, 40+ mph winds, and cattle being relocated to South Dakota ➤ How drought across Colorado, Nebraska, Wyoming, Kansas & Southern South Dakota is setting up a volatile cattle market ➤ Fertilizer prices spiking due to global conflict — and why 20-30% of farmers didn't pre-buy this season ➤ Tariff volatility: what the latest canceled appointment with China means for bean prices ➤ The screwworm update — why the Mexico border remains closed and what it means for the cattle supply ➤ Why NOW is the time to prepare financially, even when the market feels steady ➤ How Infinite Banking gives farmers and ranchers a flexible alternative to traditional bank loans when the hard times hit

📌 Want to help those affected by the Nebraska fires? Donate money, fencing supplies, hay, or food for firefighters here: 👉 https://www.kearneyfoundation.org/disaster-relief-fund

⏱️ Chapters 00:00 Nebraska Wildfires — What's Happening on the Ground 01:17 How This Compares to Past Fire Seasons 01:34 The Sandhills Crisis & Ongoing Dry Conditions 02:24 Drought Across the Midwest — How Bad Is It? 02:44 What This Means for the Cattle Market & Hay Prices 03:28 Privately Owned Ranch Land at Risk 03:55 National Guard Response & Community Efforts 04:47 Why Local Fire Departments Couldn't Help 05:32 How to Donate & Support Nebraska Fire Relief 06:57 Checking In With Clients During a Natural Disaster 08:50 Iran War's Impact on Fertilizer Prices 09:52 Tariffs, China & Agriculture Volatility 11:13 The Cattle Market Is Steady — But For How Long? 12:44 How Smart Cow-Calf Producers Are Using Excess Cash 14:42 Screwworm Update & the Mexico Border Closure 15:07 Widespread Drought & Its Impact on Cattle Sales 16:19 Flooding in Washington vs. Drought Everywhere Else 17:18 DC Meeting — Good News Coming for Ethanol? 18:12 Why Your Agent Needs to Understand Ag Markets 19:57 Strategy Sessions & Planning for Your Operation

Have questions about Infinite Banking for your farm or ranch? Reach out to MJ and John: 💌 MaryJo@wihoutthebank.com 💌 John@withoutthebank.com

🎙️ Subscribe to Farming Without the Bank for weekly conversations on financial strategies built specifically for farmers and ranchers.

👉 Get the book: https://www.farmingwithoutthebank.com/book

#nebraskafires #americanfarm #americanfarmer #americanfarming #americanfarmers #farmingwithoutthebank #midwest #agriculture #agriculturefarming #agriculturefarming #ranchinews #ranching #disasterrelief #nebraskaweather #infinitebanking #wholelifeinsurance

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Most financial plans ignore long-term care—and it can cost you everything you built.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Long-term care is one of the biggest financial risks facing farmers, ranchers, and business owners—yet it's often overlooked or misunderstood.

In this episode, Mary Jo sits down with long-term care specialist Michelle Prather to break down what most advisors miss, why self-insuring often fails, and how the wrong strategy can force the sale of land, equipment, or a business.

They walk through real scenarios, underwriting realities, and the hidden risks of relying on life insurance riders, investment accounts, or "just saving more." The conversation also highlights how long-term care impacts not just retirement—but cash flow, legacy planning, and business continuity.

If your plan doesn't account for long-term care, it's incomplete.

Key Takeaways: - Why most financial advisors overlook long-term care planning - The difference between long-term care, disability, and life insurance - Why "self-insuring" can destroy long-term wealth - The risks of relying on life insurance riders for care - How long-term care protects farms, land, and businesses - Real underwriting insights: who can still qualify and when - Why lifetime coverage vs. short-term policies matters - The tax advantages of proper long-term care planning

Chapters: 00:00 Why specialization matters in financial planning 02:00 Selling equipment to fund long-term care 05:00 Who can qualify (even with health issues) 10:00 Lifetime vs. short-term coverage explained 14:00 Business owners: protecting income and value 18:00 Long-term care vs. disability insurance 22:00 The truth about life insurance riders 30:00 Tax traps and policy misunderstandings 34:00 Using annuities for long-term care planning 40:00 The myth of self-insuring 46:00 Cash flow vs. rate of return 52:00 Why planning early changes everything

📅 To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning 🌐 To check out Michelle's website: https://www.careincomeplanning.com

👉 Subscribe for more episodes of Farming Without the Bank 👍 Share this episode if it got you thinking differently about insurance 📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch.

💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation.

👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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The real cost of long-term care isn't money—it's what it does to families.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Most people think long-term care is a "later" problem—or something that only ends in a nursing home. In this episode, we break down the reality families face when care is needed, and why lack of planning creates financial, physical, and emotional strain.

From caregiver burnout and family resentment to Medicaid limitations and the coming wave of aging boomers, this conversation exposes what's often ignored. We also cover how long-term care policies actually work today, including lifetime benefits, home care options, and what many policies will cover that most people don't realize. This isn't just about protecting assets—it's about maintaining control, dignity, and choice.

Key Takeaways: • Caregiving often leads to burnout, health decline, and financial strain • Most long-term care needs are handled at home—not in facilities • Lifetime coverage can prevent running out of benefits at the worst time • Medicaid comes with restrictions, asset liquidation, and limited control • Boomers will drive demand higher, increasing costs and system pressure • Policies can cover home modifications, equipment, and caregiver support • Planning early creates flexibility, affordability, and better outcomes

Chapters: 00:00 The hidden emotional toll of caregiving 01:20 Lifetime vs limited long-term care coverage 03:00 Real family decisions under pressure 09:30 The Medicaid reality and boomer impact 14:00 State mandates and long-term care taxes 17:30 Cost options and policy flexibility 22:30 Why long-term care isn't just for the wealthy 25:30 Why younger families should consider coverage 30:00 What policies actually cover (home care, equipment, training) 32:00 Caregiver burnout and family consequences 38:00 Medicaid, land, and farm transition risks 41:00 Losing assets without a long-term care plan

📅 To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning 🌐 To check out Michelle's website: https://www.careincomeplanning.com

👉 Subscribe for more episodes of Farming Without the Bank 👍 Share this episode if it got you thinking differently about insurance 📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch.

💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation.

👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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Most families assume Medicaid will cover long-term care—until it forces them to sell assets.

Long-term care is one of the biggest financial threats to family farms and generational assets.

In this episode of Farming Without the Bank, Mary Jo and her guest, long-term care expert Michelle Prather, break down the reality of nursing home care, Medicaid planning, and why so many families end up forced to spend down their assets just to qualify for help.

They explain the difference between Medicare and Medicaid, the five-year lookback rule, and how quickly lifetime savings can disappear when care is needed. The conversation also covers how long-term care insurance works, why planning earlier dramatically lowers costs, and how some policies can provide tax-free benefits while protecting land and businesses from forced liquidation.

For farmers, ranchers, and landowners, the goal isn't just retirement planning—it's making sure the farm survives the transition between generations.

Without preparation, long-term care costs can quietly undo decades of work.

Key Takeaways: • Why Medicare does not pay for long-term nursing home care • How the Medicaid spend-down rules can impact farms and land ownership • The 5-year Medicaid lookback rule explained • Why many families end up selling assets to qualify for care • How modern long-term care policies can provide tax-free income for care • Why buying coverage earlier dramatically lowers costs • How some policies include life insurance and cash value if care is never needed

Chapters: 0:00 The Real Cost of Long-Term Care 1:40 Medicare vs Medicaid Explained 3:10 The Medicaid Spend-Down Rules 6:10 The 5-Year Lookback Rule 9:00 Why Families Lose Assets to Nursing Home Costs 12:30 The Reality of Medicaid Nursing Homes 15:20 How Long-Term Care Insurance Works 19:50 Strategies to Layer or Ladder Coverage 22:00 Using Inherited IRAs or Windfalls for LTC Planning 24:30 Life Insurance-Based Long-Term Care Policies

To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning

Check out her website: https://careincomeplanning.com

👉 Subscribe for more episodes of Farming Without the Bank

📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch.

💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation.

👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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Most families think long-term care is a nursing home problem.In reality, it's a financial problem that can slowly drain retirement accounts, investments, and even force the sale of family farmland.

In this episode of the Farming Without the Bank Podcast, Mary Jo sits down with long-term care expert Michelle Prather, who brings nearly three decades of experience helping families understand how care is actually funded.

They unpack the real costs of long-term care, why averages are misleading, and how many financial plans fail when care becomes necessary.

If protecting the farm and maintaining financial control is important to your family, this conversation will change how you think about long-term care planning.

Michelle shares why long-term care planning is about cash flow, not just assets, and how pulling money from retirement accounts to pay for care can create unexpected tax consequences.

They also discuss how care really happens inside families — the emotional strain, financial pressure, and difficult decisions that arise when a parent needs help.

You'll learn why working with a specialist matters, how modern long-term care policies actually function, and why proper planning gives families more options when the unexpected happens.

Key Takeaways: • Why averages like "2–3 years in a nursing home" can be dangerously misleading • The real cost of in-home care, assisted living, and nursing facilities • How long-term care creates a cash-flow problem, not just an asset problem • Why retirement withdrawals for care can trigger higher taxes and Medicare costs • The emotional and financial strain caregiving places on families • The difference between limited benefit policies and lifetime coverage • How long-term care planning helps protect farms and generational wealth

Chapters: 00:00 The hidden reality of elder fraud and family caregiving 00:52 Introduction to long-term care planning 02:24 Michelle Prather's 28-year career in long-term care 07:27 Why specialization in long-term care matters 11:46 The problem with most financial advisors selling LTC 14:10 A real story of a long-term care plan gone wrong 18:01 Why "averages" in long-term care are misleading 21:00 The real cost of care and retirement income pressure 26:59 Why paying for care from investments triggers taxes 30:39 Home care vs nursing home costs 35:22 Family conflict and caregiving realities 41:20 What long-term care policies actually pay for 46:15 Elder abuse, fraud, and insurance safeguards 48:30 The biggest differences between LTC policies 52:10 Why long-term care can destroy a financial plan

To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning

Check out her website: https://careincomeplanning.com

👉 Subscribe for more episodes of Farming Without the Bank

📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch.

💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation.

👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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The bank refused the loan — but 40 years of whole life insurance quietly said yes.

In this episode, Mary Jo shares one of the most powerful real-life examples she's ever seen of what traditional whole life insurance can become over time — even when it's not structured for Infinite Banking.

This client started buying whole life policies at age 20 and simply stayed consistent for over 40 years. No fancy strategy. No Infinite Banking design. Just patience, discipline, and a commitment to paying premiums no matter what.

When the bank refused to help him rebuild after a major loss, his life insurance stepped in — providing liquidity, flexibility, and control the bank never could. What followed was a complete shift in leverage, power, and perspective.

This episode breaks down:

Why canceling whole life is often a massive mistake
How base-only policies quietly build serious strength over decades
What banks don't understand about policy loans
And why this client didn't even realize he already owned a bank

If you have whole life insurance — or have ever been told to cancel it — you need to hear this.

💡 Key Takeaways

✔ What 40+ years of whole life can actually produce ✔ Why base-only policies still matter (even without PUAs) ✔ How policy loans work — and why banks misunderstand them ✔ The difference between liquidity and rate of return ✔ Why death benefit protects leverage even in worst-case scenarios ✔ How patience turns insurance into a personal banking system ✔ Why whole life beats UL, IUL, and VUL long-term

⏱ Chapters

(00:00) – When the Bank Says No (01:00) – Why You Should Never Cancel Whole Life (03:30) – Base Premium vs Paid-Up Additions (06:30) – Why People Hate Whole Life (Too Soon) (09:00) – Inside 13 Policies & $1.9M of Cash Value (12:30) – How Policy Loans Actually Get Repaid (15:30) – Why the Bank Didn't Want the Collateral (18:00) – What Would've Happened Inside an IRA (21:00) – You Already Own the Bank

👉 Schedule an appointment with Mary Jo or John 👉 Subscribe for more real-life Infinite Banking stories 👉 Share this with someone who has whole life and doesn't know how to use it

🔗 Links Mentioned

👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com

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Do people really think they have the right to be rude online? This episode is a raw, unfiltered look at what content creators actually deal with behind the scenes—and why sometimes, blocking is the only option. Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen... Get the book: https://www.farmingwithoutthebank.com/book... In this episode, Mary Jo addresses the rising wave of internet trolls, negative comments, and online bullying. From accusations about insurance strategies and retirement planning to criticism about farming, excess money, and even parenting decisions, nothing seems off-limits for keyboard warriors. But here's the truth: creators have the right to protect their space. Mary Jo breaks down real comments she's received, explains the misconceptions around 401(k)s, Roth contributions, Medicare penalties, farming profitability, and the Infinite Banking concept—and shares why mindset matters more than ever. If you've ever wondered why creators delete comments or block followers… this episode explains it all. Key Takeaways: - You don't have the right to be rude just because you're online - Why creators delete and block negative commenters - How retirement withdrawals can increase Medicare premiums - The danger of assuming you "know it all" from one post - Why mindset—not circumstances—often determines financial outcomes - The real cost of online bullying for creators Chapters: (00:00) – Do You Have the Right to Be Rude? (02:00) – Why Are People So Angry Online? (07:15) – 401(k) Withdrawals & Medicare Penalties Explained (13:20) – "What Excess Money?" Farming & Financial Reality (17:50) – Charging Kids Interest & Financial Lessons (24:30) – "Why Isn't the Book Free?" (28:23) – Why I Delete & Block Trolls If you're here to learn and grow, thank you. Be part of the solution, have productive conversations, and scroll past what you don't agree with. Grab your copy of the book here: https://www.farmingwithoutthebank.com/book...

Share this episode with someone who needs to hear it—and remember: be a good human.

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Are annuities a smart retirement strategy… or a costly mistake?

There are people who swear by annuities. Others avoid them completely. In this episode of Farming Without the Bank, we break down the real pros and cons of annuities—especially compared to dividend-paying whole life insurance and the Infinite Banking Concept.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen... 👉 Get the book: https://www.farmingwithoutthebank.com...

If you've ever wondered whether annuities provide true security, tax advantages, or financial flexibility, this episode will help you think through the decision more clearly.

🔎 What You'll Learn in This Episode:

The key differences between annuities and whole life insurance
Why annuity income is typically taxable
The liquidity problem most people overlook
When an immediate annuity actually makes sense
How annuities can impact long-term care planning
Why flexibility and control often matter more than guarantees

💡 Key Takeaways:

Annuities can provide guaranteed lifetime income—but usually at the cost of liquidity.
You cannot borrow against an annuity like you can with whole life cash value.
Annuity withdrawals are generally taxed as ordinary income.
In certain situations (like large inheritances or land sales), an immediate annuity may be a strong fit.

Every financial tool has a place—but the situation must fit the strategy.

⏱ Chapters: (00:00) – Why Annuities Are So Popular (01:05) – What Annuities Actually Are (03:04) – The Tax Problem Most People Miss (04:48) – When Immediate Annuities Make Sense (06:44) – Real-Life Example: 80-Year-Old Landowner (09:30) – Annuities & Long-Term Care Planning (11:31) – Liquidity vs Guarantees: What Matters Most?

If you're building your own "warehouse of wealth," understanding how annuities compare to whole life insurance is critical.

📘 Grab the book: https://farmingwithoutthebank.com/shop

📅 Schedule an appointment with Mary Jo & John: https://farmingwithoutthebank.com?utm...

📩 Questions? Email: maryjo@withoutthebank.com

If this episode helped you, be sure to subscribe, share it with someone who's planning for retirement, and leave a review!

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🚨 Universal Life Insurance EXPOSED 🚨

Is Universal Life, Indexed Universal Life, or Variable Universal Life really the powerful wealth tool it's marketed to be? In this episode of the Farming Without the Bank podcast, Mary Jo dives deep into why universal life policies often fail, drawing directly from Nelson Nash's Warehouse of Wealth and decades of real-world experience.

👉 Follow Mary Jo Here: / @maryjoirmen

👉 Get the book: https://www.farmingwithoutthebank.com...

If you've ever been pitched an IUL with "great returns" and "no downside," this episode is a must-watch before you sign anything.

Universal Life was designed as a "better mousetrap," but history shows a very different outcome. From rising costs of insurance to disappearing guarantees, Mary Jo breaks down why most UL, VUL, and IUL policies eventually collapse—often right when people need them most.

Using Nelson Nash's insights and Todd Langford's Truth Concepts analysis, this episode explains how risk is shifted from the insurance company to you, the policyholder.

🔑 Key Takeaways

Why Universal Life policies often lapse between ages 60–80 How non-guaranteed costs and mortality charges destroy cash value The "double pain" effect during market downturns Why caps, participation rates, and missing dividends matter How UL shifts risk from the insurer to the insured Why Whole Life offers liquidity, control, and guarantees

⏱️ Chapters

00:00 – Why Universal Life Looks Good (At First) 02:12 – The History of Universal Life Insurance 05:35 – The Side Fund & Why It Falls Apart 08:20 – Double Pain: Market Losses Explained 11:11 – Caps, Participation Rates & Missing Dividends 14:29 – Guarantees Can Change (And Disappear) 18:36 – Why Whole Life Wins Long-Term

📚 Resources Mentioned

Warehouse of Wealth – Nelson Nash

Truth Concepts Calculators – https://truthconcepts.com

The Battle for the Soul of Capitalism – John Bogle

Pirates of Manhattan I & II – Barry James Dyke

Farming Without the Bank: https://farmingwithoutthebank.com

📩 Ready to Learn More?

📧 Email questions to: maryjo@withoutthebank.com

📖 Read the book before scheduling an appointment 📅 Let's see if Infinite Banking is right for you

👉 Subscribe and share this episode with anyone considering an IUL or Universal Life policy.

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Insurance premiums doubling… tripling… and companies still denying claims. Should you just self-insure and be done with it—or will that decision wreck your finances when disaster hits?

In this episode of Farming Without the Bank, we dig into Chapter 8: Building Your Warehouse of Wealth and talk about what self-insuring really looks like using cash value life insurance, and where it absolutely does not make sense to go it alone.

🔍 What You'll Learn

When it actually makes sense to self-insure vs. when you're just gambling

How Nelson Nash used dividend-paying whole life to self-insure comp & collision

Why auto and homeowners insurance costs are exploding (it's not just "greedy companies")

The ugly side of health insurance: denials, subsidies, and better options people are using

Why crop insurance is subsidized and what that means for your farm risk

How to start building your own "warehouse of wealth" so you're less dependent on traditional insurance

🧾 Key Takeaways

Self-insuring is not "going naked." It means building a pool of capital (like cash value in whole life) large enough to handle losses without destroying your lifestyle.

If you drop comp & collision but spend the premium, you're not self-insuring—you're just hoping nothing happens. That premium needs to be redirected into an asset (like whole life).

Auto and home claims are more frequent and more expensive—sensors, cameras, tech, and repair costs all push premiums up.

Some people can self-insure their home or health because they are debt-free, frugal, and have a plan for where they'd live or how they'd get care. Most people don't.

Health insurance has become a racket for many: denials, crazy premiums, and poor care. That's why some are choosing health sharing or direct primary care subscription models.

Crop insurance is subsidized because actuaries can't collect enough premiums to cover catastrophic events without help. And like it or not, everyone is getting some kind of subsidy (child tax credits, mortgage interest, etc.).

You can choose to self-insure some things, but you must run the numbers and understand the risk, not just react to high premiums.

⏱️ Chapters

(00:00) – Can You Really Self-Insure? (story + crop example)

(00:46) – Nelson Nash on Self-Insuring Comp & Collision

(02:54)– Why Auto Insurance Is So Expensive Now

(06:01) – Self-Insuring Home & Health: Who Can Really Do It?

(10:56) – Crop Insurance, Actuaries & Government Subsidies

(16:23) – Final Thoughts & How to Run Your Numbers

If you're tired of feeling trapped by rising insurance premiums and guessing about self-insuring:

👉 Subscribe for more episodes of Farming Without the Bank 📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch.

💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation.

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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What happens when everyone expects someone else to pick up the bill?

From a nightmare condo sale to health insurance chaos, this episode is a raw, unfiltered wake-up call on personal responsibility, money, and self-reliance.

In this episode, Mary Jo shares a months-long real estate saga that exposed a deeper issue she's seeing everywhere—from first-time homebuyers and realtors, to health insurance, escrow accounts, and even parenting adult children.

The common theme? Too many people are handing off responsibility—and expecting others to pay the price.

This episode isn't about being harsh. It's about understanding how money actually works, why Infinite Banking is rooted in self-responsibility, and why depending on systems, banks, or government programs can leave you vulnerable.

Key Takeaways: Why buyers asking for everything is a dangerous financial mindset How escrow accounts and employer benefits disconnect you from reality The real cost of "someone else will handle it" Why self-insurance and Infinite Banking go hand in hand What parents should (and shouldn't) subsidize for adult kids

Chapters: (00:00) – A 20-Year-Old, Sourdough Bread, and Rent Reality (01:25) – The Condo Sale From Hell (04:10) – Buyers, Realtors, and Zero Accountability (09:20) – When You Can't Afford Repairs, You Can't Afford the House (16:45) – Health Insurance, Escrow, and Giving Up Control (21:45) – Generational Expectations & Entitlement (27:50) – Infinite Banking = Self-Responsibility

If this episode made you uncomfortable, you probably needed it.

Subscribe for more real conversations about money. Share this with someone who needs a reality check. Leave a comment (respectful ones get read).

Links & Resources Mentioned:

Get the book: https://farmingwithoutthebank.com...

Email Mary Jo: maryjo@withoutthebank.com

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Is life insurance a luxury—or a necessity?

In this episode of Farming Without The Bank (FWTB Ep. 338), Mary Jo breaks down Chapter 7 of Nelson Nash's Warehouse of Wealth and explains how Parkinson's Law silently destroys financial progress, especially when people experience windfalls of money.

From selling land, paying off equipment, kids leaving the house, or daycare expenses disappearing—windfalls happen whether you notice them or not. The real question is: Where does that money go?

Nelson Nash's real-life example shows how paying off a policy loan after a windfall can feel like backdating life insurance by 13 years at a better health rating—an advantage you can never recreate later. This episode challenges the belief that life insurance is optional and explains why end-of-life benefits and banking should be treated like fuel in a vehicle—non-negotiable.

Key Takeaways:

Why Parkinson's Law eats every "extra dollar" if you don't give it a job

How windfalls (kids moving out, loans paid off, daycare ending) should be redirected

Why delaying a policy creates massive inefficiencies later in life

Why the end of life benefit for children is about time to mourn, not profit

How farmers and ranchers must be in the business of banking, not just production

Chapters:

(00:00) – Life Insurance: Luxury or Necessity?

(01:07) – Nelson Nash's Windfall & Backdated Advantage

(03:10) – Kids Leaving Home = Hidden Windfall

(04:42) – Parkinson's Law Explained

(08:04) – Daycare, Sports & Missed Opportunities

(09:43) – Death Benefit Is Non-Negotiable

(12:29) – Building Banking Into Your Commodity Price

📘 Grab your books 📅 Schedule your appointment 📊 Have all your numbers ready — personal, business, and farm

👉 Website: https://farmingwithoutthebank.com?utm...

If your information isn't ready, the meeting will be canceled—because clarity requires numbers.

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You've been told corporations pay taxes, but what if that's the biggest lie in the system? In this episode, Mary Jo breaks down who really pays for taxes, benefits, tariffs, and government programs—and why the consumer always ends up holding the bag.

In Episode 337 of Farming Without the Bank, Mary Jo dives into Chapter 6 of Nelson Nash's Warehouse of Wealth: "Lies, Lies, and Lies."

This episode exposes how taxes, Social Security, employee benefits, tariffs, credit card fees, and corporate expenses are never absorbed by businesses—they are passed directly to you, the consumer.

From Social Security myths to corporate "tax hikes," from government spending to free coffee at the sale barn, this episode reframes how money actually flows through the economy and why financial literacy is so rare—and so dangerous to ignore.

Key Takeaways:

Corporations do not pay taxes; they collect them from consumers
Employees pay 100% of Social Security, not "half."
All benefits, perks, and expenses are built into prices or wages
Government redistribution still starts with taxing the public
Business owners have tax flexibility, but consumers do not
Financial illiteracy keeps people trapped, believing money myths

Chapters: (00:00) – The danger of financial lies (02:00) – Who really pays taxes? (05:00) – Social Security & employee benefit myths (08:30) – Why everything gets passed to the consumer (12:45) – Customer service, payroll, and business reality (17:45) – Government spending & redistribution myths

👉 Want to truly understand money, taxes, and wealth?

Email questions: maryjo@withoutthebank.com

Get the books: https://farmingwithoutthebank.com/sho...

Read Warehouse of Wealth by Nelson Nash.

Share this episode with someone who still thinks corporations pay taxes!

Link Mentioned: Farming Without the Bank: https://farmingwithoutthebank.com/boo...

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Everyone says farming and ranching are hard—but what if the real problem isn't expenses… it's how money is being used?

In this episode, Mary Jo tackles the backlash around "excess money," breaks down why being debt-free isn't the same as being financially secure, and explains why cash flow—not comfort—is the real solution.

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

👉 Get the book: https://www.farmingwithoutthebank.com...

In this candid rant-meets-masterclass, Mary Jo responds to critics who claim there's no such thing as excess money in agriculture. She explains why higher cattle prices create opportunities, and how most producers miss them by paying everything off instead of building systems that generate cash flow.

Using real conversations with farm and ranch families, she walks through:

Why paying off low-interest debt can actually hurt you

How cash flow determines freedom, not net worth

Why "passive income" is mostly a myth

How money should move through your system differently

This episode is a mindset shift for anyone stuck in the cycle of "it's hard" and ready to start asking better questions.

✅ Key Takeaways:

Cash flow is more important than being debt-free
Two people with the same income can have vastly different outcomes
Excess money isn't the problem—misuse of it is
Paying off everything can kill future opportunity
Money must keep moving to create income

⏱ Chapters:

(00:00) – The "It's Hard" Victim Mentality

(01:13) – What "Excess Money" Really Means

(03:03) – Why Money Utilization Matters More Than Income

(04:30) – Paying Off Debt vs Creating Cash Flow

(07:57) – Why Being Debt-Free Isn't the Answer

(09:15) – How Money Should Move Through Your System

(13:00) – Opportunity Thinking vs Staying Stuck

If this episode challenged your thinking:

🔔 Subscribe for more farm and ranch financial strategy

Need help thinking through your own cash flow strategy?

📧 Email: maryjo@withoutthebank.com

🔗 Link Mentioned:

Becoming Your Own Banker by Nelson Nash (book referenced)

https://www.farmingwithoutthebank.com...

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Most farmers still buy equipment the old way—cash or bank loans—losing years of compound growth. What if the problem isn't your policy… It's when the money runs through it?

👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

👉 Get the book: https://www.farmingwithoutthebank.com...

In this episode, Mary Jo breaks down the "before asset" idea: running money through your whole life policy before you buy equipment, cattle, or cover operating expenses. She explains why premium is what makes you money, why loans themselves don't, and how to think differently about "I can't make the payment this year" when you are the banker.

Whether commodity prices are down or cattle checks are big, this mindset shift can change how you finance your entire operation.

What you'll learn:

Why paying a premium creates wealth, not just taking policy loans

How to run purchases through your policy first without losing tax write-offs

What to do in bad years when you can't make a full loan repayment

Why life insurance is not an investment—and why that matters

How negative thinking and "keyboard warriors" keep people broke

A simple way to create your operating line inside the policy

Chapters

(00:00) – Policy loans vs bank loans: what really changes

(00:46) – Premium as a "before asset," not an afterthought

(02:31) – Why money should run through the policy before you buy

(04:58) – Cash vs policy example: financing equipment the smart way

(08:18) – "I can't make the payment!" and how flexibility really works

(12:53) – Life insurance isn't an investment (and why that's good)

(16:04) – Mindset, inflation, and the negative "keyboard warrior" trap

👍 If this helped you think differently about your money, hit Like and subscribe for more real-world Infinite Banking conversations for farmers and ranchers.

💬 Got questions about premiums, policy loans, or timing money through your policy?

Drop a comment below or send Mary Jo an email—your question may end up in a future episode.

🎧 Want more? Check out the Without the Bank podcast, where Mary Jo and Tarisa walk through Nelson Nash's books and real client scenarios in detail.

Links Mentioned:

Becoming Your Own Banker by R. Nelson Nash

https://www.farmingwithoutthebank.com...

Building Your Warehouse of Wealth by R. Nelson Nash

https://www.farmingwithoutthebank.com...

Mary Jo's book on Infinite Banking for farmers/ranchers

https://www.farmingwithoutthebank.com...

"Without the Bank" podcast

https://www.withoutthebank.com/podcas...

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Most people believe they're doing the right thing by maxing out their 401(k) or IRA.

But what if the entire system is designed to trap you later with higher taxes, forced withdrawals, and lost control? Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1

Get the book: https://www.farmingwithoutthebank.com/book/?utm_source=youtube&utm_medium=organic&utm_campaign=fwtb-ep334&utm_term=desc-top In this episode of Farming Without the Bank, we break down The Market Scam from Nelson Nash's Building Your Warehouse of Wealth** and expose what most financial advisors never explain. Mary Jo dives into Chapter 5 of Building Your Warehouse of Wealth, unpacking why tax-qualified retirement plans may be one of the biggest financial misconceptions of our time. From Required Minimum Distributions (RMDs) to government-controlled retirement rules, this episode challenges conventional wisdom and asks a powerful question: Would you rather be taxed on the seed… or the harvest? This conversation explores why whole life insurance contracts between individuals may offer more control, certainty, and long-term stability than Wall Street or government promises. Key Takeaways:

Why "tax-deferred" doesn't mean "tax-free"
The hidden danger of Required Minimum Distributions (RMDs)
How words like "security" can be misleading
Why future tax rates are likely higher—not lower
The difference between government plans and private contracts
How Infinite Banking restores control over your money Chapters:

(00:00) – Why Most People Don't Want to Think About Money

(02:00) – The "Market Scam" & Misleading Financial Language

(04:20) – RMDs: The Rule Nobody Talks About

(08:38) – Baby Boomers, Forced Selling & Market Risk

(09:01) – Seed vs Harvest: A Powerful Tax Analogy

(12:50) – Government Plans & Financial Insanity

(19:38) – Why Whole Life Insurance Has Worked for 200 Years Resources Mentioned:

Building Your Warehouse of Wealth – Nelson Nash

Becoming Your Own Banker – Nelson Nash Order here:

https://www.farmingwithoutthebank.com/shop/?utm_source=youtube&utm_medium=organic&utm_campaign=fwtb-ep334&utm_term=desc-bot Work With Us:

Ready to rethink your financial strategy?

Schedule a consultation and see how Infinite Banking may fit into your life. maryjo@withoutthebank.com

https://www.farmingwithoutthebank.com?utm_source=youtube&utm_medium=organic&utm_campaign=fwtb-ep334&utm_term=desc-bot

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Be open-minded, ditch the negativity, and yes, you can buy that small-town business and make it work. In this episode, Mary Jo sits down with client and Iowa rancher/feed-store owner Erica Lantz, who walked away from a 14-year corporate food job to buy a 60-year-old feed store in a town of 1,000 people… during COVID.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ

👉 Get the book: https://www.farmingwithoutthebank.com/book

Erica shares how she runs a 5th-generation farm with Dexter cattle, heritage hogs, hair sheep, hypoallergenic curly horses, and silky chickens while modernizing a tiny farm store, creating custom feed mixes, shipping nationwide, and using infinite banking (and her old 401(k)) to fund the dream—without letting the bank control everything.

If you've ever wondered how to buy an existing small business, fix its mess of inventory and accounts receivable, negotiate with suppliers, or use life insurance as your own line of credit for your farm or business, this conversation gets very real.

What You'll Learn:

◦ How Erica went from corporate food manufacturing to owning a rural feed store

◦ Why she chose Dexter cattle, heritage hogs, hair sheep, and curly horses as niche income streams

◦ The truth about GMO vs non-GMO feed, sprays, and residues from someone who did lab testing

◦ How she mills fresh, locally sourced custom feed and ships it outside Iowa

◦ What no one tells you about buying a 60-year-old small-town business (inventory, expired product, A/R)

◦ Using Amazon and an online store to move poor inventory and reach beyond a town of 1,000

◦ How her kids learn business by bartering silky chickens and kittens instead of just taking cash

◦ Why did she pull money from her 401(k) to start infinite banking policies for the farm

◦ How separate policies, term coverage, and key-person insurance protect partners and banks

◦ The power of "How can I?" and "Who Not How" for growing when cash and time feel tight

Chapters:

0:00 – Negativity, mindset & intro to Erica

3:14 – Inside the ranch: Dexters, heritage hogs, curly horses & silky chickens

14:50 – Building a better feed store: sourcing, custom milling & GMO vs non-GMO

39:47 – Buying a 60-year-old small-town business: inventory, receivables & reality

55:35 – Employees, customer service, Amazon, and FedEx as a growth tool

1:07:55 – Using 401(k)s & life insurance to fund the farm and feed store

1:19:24 – "How can I?", Who Not How & closing thoughts on mindset

📘 Ready to learn Infinite Banking for yourself?

Grab Mary Jo's book and Nelson Nash's book, then schedule a time to talk:

🌐 Website: https://www.farmingwithoutthebank.com

📧 Questions: maryjo@withoutthebank.com

🐄 Need custom feed or farm supplies from Erica?

🌐 Feed store & custom mixes: https://feedersgrain.com?utm_source=y...

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Is your 401(k) really a "benefit"… or did you just get dropped into the government's boiling pot without noticing?

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

In this episode, Mary Jo continues breaking down Nelson's book Building Your Warehouse of Wealth (Chapter 4) and why he called tax-qualified retirement plans a scam, how government "help" actually means control, and why cash flow + financial education beat blind 401(k) contributions every time.

What we cover in this episode: We walk through the history of pensions, 401(k)s, IRAs and Social Security, and how each step slowly pushed Americans into dependence on government-controlled retirement plans. Mary Jo revisits Nelson Nash's famous "boiled frog syndrome" analogy and shows how it applies to: ◦ Auto-enrolled 401(k)s ◦ "Saver's match" incentives ◦ Changing the rules on IRAs and inherited accounts ◦ The illusion that "the market will save you."

You'll also hear why the median American doesn't have nearly enough saved to retire, why living past 90 (or even 100+) changes the math completely, and why parents—not schools or the government—must teach kids about money.

Key Takeaways: ◦ Government "help" comes with control. Tax-qualified plans exist because of bad tax policy in the first place, and the rules can change at any time. ◦ Auto-enrollment = quiet confiscation. If you don't opt out, you're automatically in the system, with penalties to get your own money back early. ◦ Pensions & Social Security are fragile. Nelson predicted Social Security would fail; corporate pensions are already collapsing or underfunded. ◦ Most people are underprepared. Median retirement savings numbers are nowhere near enough to fund 30–40 years of life after work. ◦ Longevity changes everything. Insurance companies are insuring people out to age 121, retirement plans built for 10–20 years are not enough. ◦ Parents must lead on money. Don't wait for schools or the government. Learn, then teach your kids how to think about money and cash flow.

Chapters: 00:00 – Why schools shouldn't teach your kids about money 01:09 – Chapter 4 overview: tax-qualified plans & "the scam." 03:02 – Boiled frog syndrome & major events every 70 years 07:44 – Guaranteed retirement accounts, land grabs & auto-enrollment 11:29 – How pensions, 401(k)s & IRAs really evolved 16:21 – Savings rates, boats, and the illusion of "the market." 20:09 – Do you actually have enough to retire? The ugly numbers 23:25 – Longevity, nursing homes & government rule changes 26:16 – Distraction, dependence & quiet confiscation of wealth 30:19 – So what about cash flow & who should teach kids money?

👉 Ready to stop being the boiled frog and start building real cash flow? Get your copy of Building Your Warehouse of Wealth and learn how to take control of your banking and retirement strategy.

📚 Grab the book & learn more: 🌐 https://www.farmingwithoutthebank.com...

📩 Questions? Email Mary Jo: maryjo@withoutthebank.com

📅 Already have your books? Make sure you schedule your appointment with Mary Jo or John to go through your questions and see if this is the right next step for you.

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Controlling the Banking Function in Your Life to Change Your Finacial Future!

You might be saving 10% of your income… but quietly sending 34.5% of every disposable dollar to banks in interest. In this episode, Mary Jo breaks down Chapter 3 of Building Your Warehouse of Wealth and shows why how money flows is more important than the rate of return you're chasing.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Using Nelson Nash's "All-American Family," we walk through where your money actually goes, why banks always win under the current system, and how using properly-structured whole life policies can help you take back the banking function—without needing to be rich to start.

💡 What you'll learn in this episode ◦ Why now is the best time to start your own "warehouse of wealth" ◦ The idea that there is only one pool of money and how it really flows ◦ How banks turn your deposits into multiple dollars of loans ◦ The shocking 34.5 cents of every dollar most families pay in interest ◦ Why the volume of interest matters more than the interest rate ◦ How big premiums (not "pennies") create real, usable cash value ◦ When you should NOT start a policy (and why high credit card debt is a red flag) ◦ Why policy loans must be repaid—so you don't "steal from your own warehouse"

⏱️ Chapters 00:00 Start Now: Why Waiting Costs You 01:06 One Pool of Money & The Flow of Cash 03:43 How Banks Multiply Your Dollar (Fractional Reserve) 08:03 The All-American Spending Pattern Breakdown 12:28 Volume of Interest vs Interest Rate (The Real Problem) 20:21 Using Whole Life as Your Personal Banking System 25:39 When Debt Stops You & How to Get Ready to Start

🔑 Key takeaways ◦ Money must flow, or it's worthless—saving without a plan for flow doesn't fix the problem. ◦ The average family is saving little but paying massive interest to other people's banks. ◦ It's not about getting a higher rate on the tiny amount you save—it's about regaining control of the banking function in your life. ◦ You don't need to be rich to start; you just need to start correctly and think differently. ◦ If you're buried in credit card debt, the first step is cleaning that up, not starting a policy and then never paying it back.

👉 Ready to see if you can start your own "warehouse of wealth"? Read the book and schedule a conversation with Mary Jo or John, and find out where the money is hiding in your cash flow and how to get started comfortably.

👉 New here? ◦ Subscribe for more episodes on infinite banking and Nelson Nash's concepts ◦ Like this video if it helped you think differently about money ◦ Share it with someone who keeps chasing "high returns" while drowning in payments

📚 Books to read: Becoming Your Own Banker – R. Nelson Nash https://www.farmingwithoutthebank.com...

Building Your Warehouse of Wealth – R. Nelson Nash https://www.farmingwithoutthebank.com...

🗓️ Talk with Mary Jo or John: Read the book and schedule a call: https://www.withoutthebank.com/contac...

📩 Email Mary Jo: maryjo@withoutthebank.com

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Banks classify your life insurance as an asset, so why do so many people treat it like an expense? In this episode, we break down how dividend-paying whole life can be your warehouse of wealth without feeding inflation like the banking system does.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Chapter 1 of Building Your Warehouse of Wealth (Nelson Nash) hits hard: government programs, fractional reserve banking, and how we've become "part of the problem" by chasing cheap loans and rates of return.

We contrast banks (who lend money that doesn't exist) with mutual life insurance companies (who don't inflate money and invest conservatively).

You'll learn why policy loans aren't withdrawals, why whole life beats UL/IUL/VUL for guarantees and control, and how to classify your policy correctly... as an asset with liquidity, control, and a tax-advantaged end-of-life benefit.

Key Takeaways: ◦ Classify correctly: Whole life is an asset, not an expense. ◦ Banks vs Insurers: Banks inflate; mutual insurers don't. ◦ Policy loans ≠ withdrawals: Your cash value keeps compounding while you borrow against it. ◦ Owner priority: You outrank every other borrower for your policy's cash value. ◦ Avoid rate-chasing: UL/IUL/VUL = non-guaranteed costs and moving parts; IBC prioritizes liquidity, control, and guarantees. ◦ Don't be part of the problem: Think twice about HELOCs/premium financing/velocity banking to fund policies.

Chapters: 00:00 Asset or Expense? Reframing Life Insurance 01:17 Nelson's Roots & the IBC Basics 02:24 Government, Banks & Fractional Reserve 05:56 What Really Drives Inflation 08:26 Are We Part of the Problem? (Loans & Leverage) 12:16 How Insurers Invest + Why It Matters 15:37 Policy Loans 101: Borrowing vs Withdrawing

Want to build your own warehouse of wealth the right way? 👉 Grab the book/bundle and follow along with the study: 📘 https://www.farmingwithoutthebank.com/book

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Are you waiting on an inheritance, a government program, or the bank to finally let you farm "for real"? In this episode, Mary Jo shows how that thinking is exactly what's holding you back, and how Nelson Nash warned us about it years ago.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

In Episode 329, Mary Jo dives into Nelson Nash's second book, "Building Your Warehouse of Wealth," and unpacks why how you think about money, wealth, and government programs determines everything about your financial future.

From government "police actions" to farm programs and waiting on Mom & Dad's land, she connects Nelson's ideas, Austrian economics, and real farm/ranch stories to show why the top 3% think — and act — differently.

If you've ever said, "Farming is too hard," "I'll never get a chance without the bank," or "I'm just waiting for my share," this episode is your wake-up call.

Key Takeaways ◦ How you think is everything – your mindset around money and wealth literally dictates your results. ◦ Government programs change behavior and keep people standing in line for handouts instead of producing. ◦ Jealousy kills curiosity – as soon as you resent someone successful, you stop asking how they did it. ◦ Top 3% vs the 97% – the top performers are actively learning, reading, traveling, and thinking for themselves. ◦ Stop waiting for inheritance – go lease ground, get an off-farm job, build your own base instead of hoping. ◦ Infinite Banking is a concept first, numbers second – Nelson's second book is all about changing how you think. ◦ You become what you think about – Earl Nightingale, Nelson Nash, and basic human behavior all agree on this.

Chapters 00:00 – Nobody cares about you more than you (and why that matters) 01:03 – Nelson Nash's second book: Building Your Warehouse of Wealth 04:35 – Korean "police action," government language & how we're taught to think 08:37 – "You become what you think about" (Earl Nightingale, pilots & Al Capone) 11:17 – Jealousy vs curiosity: TikTok farmer, excuses, and the 3% who actually change 17:42 – Top 3% vs 97%: farming is "hard"… and why some win anyway 19:20 – Stop waiting for the farm: building your own wealth & farming future 23:43 – What to read next & how to work with Mary Jo

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

👉 Ready to see if Infinite Banking works for your farm or ranch? ⓵ Get the books & bundles: 📚 https://www.farmingwithoutthebank.com/book

⓶ Read the book before you book a call – that's how we make sure you're in the thinking 3%, not the complaining 97%.

⓷ Set up your appointment (link will be in your email), and let's see if this concept fits your operation.

Even if we don't end up working together, you'll walk away with a better way to think about money, wealth, and your farm future.

Resources Mentioned "Building Your Warehouse of Wealth" – Nelson Nash "Economics in One Lesson" – Henry Hazlitt Earl Nightingale – "The Strangest Secret" Words & Numbers Podcast FEE (Foundation for Economic Education) / Austrian Economics resources

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Most people think policy loans mean "borrowing your own money." That's completely wrong, and it's costing them big. In this episode, Mary Jo breaks down exactly how policy loans work inside Infinite Banking and why understanding the difference can change how you build wealth.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

In this deep dive, Mary Jo explains why you're borrowing the life insurance company's money, not your own, when using policy loans, and how that lets your cash value keep earning uninterrupted compound interest and dividends.

She also addresses common misconceptions some accountants have, what's actually deductible, and why using this strategy helps reduce inflation by keeping dollars out of the fractional-reserve banking system.

If you've ever wondered whether you "pay to borrow your own money," this episode clears it up once and for all.

🧭 Key Takeaways: ◦ You're borrowing against your policy, not from it. ◦ The interest goes to the insurance company, not back into your policy. ◦ You still earn compound interest + dividends while using that money. ◦ Accountants often misunderstand how policy loans and deductions work. ◦ Using Infinite Banking helps you leverage dollars and avoid inflating the currency.

⏱️ Chapters: 00:00 – Welcome & Today's Topic 02:30 – The Big Infinite Banking Misconception 05:10 – Borrowing the Insurance Company's Money 08:30 – Accountants, Interest, and Tax Deductions 13:00 – How This Strategy Fights Inflation 16:30 – Uninterrupted Compound Interest in Action 19:00 – Why Understanding Leverage Matters 20:00 – Harvest Sale + Final Thoughts

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

👍 Like this episode if it cleared up a myth about policy loans 💬 Comment your biggest "aha!" moment below 📲 Subscribe for more Infinite Banking education and strategies

📚 Mentioned Links: 📘 Grab your book and check out the Harvest Sale: https://www.farmingwithoutthebank.com/book

📧 Contact Mary Jo with your questions: maryjo@withoutthebank.com

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Kyle Busch just sued Pacific Life Insurance for $8.58 million, claiming he was misled by an Indexed Universal Life (IUL) policy. But what if this high-profile case proves everything Infinite Banking practitioners have warned about for years?

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

In this episode of Without the Bank, Mary Jo breaks down the Kyle Busch life insurance lawsuit, exposing how IULs are often mis-sold and why dividend-paying whole life insurance is still the gold standard for Infinite Banking.

She dives into: ◦ Why IULs, VULs, and ULs collapse faster than you think ◦ The truth behind "guaranteed" returns and hidden policy fees ◦ What Nelson Nash really meant by "dividend-paying whole life" ◦ How to read your own in-force illustration and spot red flags

If you own an Indexed Universal Life policy, or are thinking of buying one, this episode could save you thousands.

Audio Podcast Episodes Farming Without The Bank Ep. 327a Without The Bank Ep. 242a

Key Takeaways ◦ Kyle Busch's lawsuit highlights systemic problems in how IULs are sold. ◦ Whole life and IUL are not the same thing. ◦ Infinite Banking only works with dividend-paying whole life, not market-tied policies. ◦ Always request an in-force illustration at 4% to test your policy's strength. ◦ Education beats marketing. Understand what you're buying before you sign.

Chapters 00:00 – The Problem with Bad Insurance Sales 01:21 – Kyle Busch's $8.5M IUL Lawsuit Explained 03:34 – IUL vs Whole Life: What Agents Don't Tell You 06:03 – Hidden Fees, Failing Policies, and False Promises 08:26 – Why This Case Proves Infinite Banking Works 12:19 – The Real Lesson from Becoming Your Own Banker 17:16 – How to Check (and Fix) Your Own Life Insurance

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

👉 Have an IUL or UL policy? Send your in-force illustration to Mary Jo for a review. Email: maryjo@withoutthebank.com 👉 Subscribe for more episodes breaking down Infinite Banking truths and exposing insurance myths. 👍 Like, comment, and share this video if you believe in consumer protection and financial education!

🔗 Links Mentioned 📘 Books: https://www.farmingwithoutthebank.com/book 👩‍💼 Work with Mary Jo: https://www.farmingwithoutthebank.com/contact/

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Bitcoin fans say it's the future. I say: show me how it actually solves real-world money problems. In this episode, I walk through the biggest unanswered questions I still have about Bitcoin: volatility, inheritance keys, "who's in charge," government visibility, and why I still prefer AND assets like dividend-paying whole life over OR assets like BTC.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book

Prompted by a listener (thanks, Todd!), I listened to a Bitcoin proponent debate and wrote down the sticking points I can't get past. If Bitcoin is limited, why do explanations sound inflationary?

If it's infinitely divisible, how is that different from a devalued currency? If most people don't even understand the dollar, how do we get mass adoption of a new money system?

How do I plan a purchase in 5 years with that level of volatility? What about lost keys and inheritance? And if the government can track blockchain activity and tax capital gains, how does this "stop tyranny"?

I compare Bitcoin to gold/silver and outline why I prefer cash-flowing, contractually guaranteed strategies—especially Infinite Banking.

Key Takeaways:

◦ Value = belief. If 97% don't understand money now, mass BTC adoption is a stretch. ◦ Volatility breaks planning. It's hard to budget for real purchases with wide swings. ◦ Bitcoin behaves like an OR asset; I prefer AND assets that can grow while being used. ◦ Inheritance risk is real: lose the key, lose the asset. ◦ Government visibility & taxes exist—so "off grid" claims don't really hold. ◦ Cross-border payments are a useful perk—but fees and frictions can creep in over time. ◦ Insurance companies and banks avoid BTC due to volatility and lack of cash flow.

Chapters: 00:00 Cold open: "Who's running Bitcoin?" creator, mining & control 01:01 Shoutout to Todd & why this episode exists 02:58 Can BTC be a supplementary medium of exchange? 03:27 Ground rules: why I'm open—but unconvinced 04:39 "Limited" yet "inflationary"? Divisibility vs. value 05:31 Nelson Nash lens: "If dollars are worthless, why trade BTC for them?" 07:16 Value = belief; most people don't understand money 10:06 Volatility vs. planning for real purchases 12:57 Invest in what you know; AND asset vs. OR asset 14:00 Lost keys & inheritance problems 14:58 Will BTC stop tyranny? IBC, voting & policy matter more 16:06 Govt tracking, capital gains & "digital money" already here 17:21 Why insurers/banks avoid BTC (volatility, no cash flow) 18:50 Who's in charge? Mining, outages & resilience 20:10 The one valid perk: cross-border transfers (for now) 20:59 Trust, fees & centralization concerns 21:27 Dollar strength, crash talk & practical money use 23:04 Crypto dilution: too many coins, weaker adoption 24:19 "Explain it like I'm five"—if it's too complex, that's a risk 25:12 CTA: Want guarantees and an AND asset? Start with IBC

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

→ Want a strategy you can plan around? Start your Infinite Banking journey today. → Grab the Farming Without the Bank book and schedule your appointment to get set up. → Comment with your best Bitcoin arguments—especially on planning, inheritance, and governance.

• Farming Without the Bank book & consult: https://www.farmingwithoutthebank.com/book • Podcast home page: https://www.farmingwithoutthebank.com/podcasts

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Why do so many people say, "Whole life insurance never works"? Let's unpack that.

In this episode, Mary Jo takes on online critics who claim infinite banking doesn't work and reveals why most people making these comments haven't even done their homework.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book/

Mary Jo shares personal stories, lessons from Nelson Nash, and her own journey from being labeled "learning disabled" to becoming a teacher who helps thousands understand money in a different way.

If you've ever wondered whether the Infinite Banking Concept (IBC) really helps people make financial progress, this episode will open your eyes.

🎯 Key Takeaways: ◦ Why people misunderstand Infinite Banking and Whole Life Insurance ◦ How assumptions and "keyboard warriors" cloud financial discussions ◦ The role of human nature and mindset in financial success ◦ Lessons from Nelson Nash about honesty, discipline, and being your own banker ◦ How critical thinking and open-minded learning lead to real wealth

⏱️ Chapters: 00:00 – Welcome & New Studio 02:10 – Reading & Responding to Online Comments 05:30 – "Whole Life Insurance Never Helps" – Debunking the Myth 09:00 – The Learning Disabled Label & Becoming a Teacher 14:20 – Why People Don't Understand Infinite Banking 18:45 – Human Nature & Why Policies Fail 24:00 – Judging Others' Finances Without Knowing Their Numbers 30:10 – Regenerative Agriculture & Financial Parallels 35:50 – Keeping Your Eye on Your Own Bobber 41:00 – Keyboard Warriors & Online Hate 47:00 – Why We Don't Talk About Money (and Why We Should) 52:00 – Being Open-Minded About Finance (and Bitcoin) 57:30 – Final Thoughts & Call to Action

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

📅 Read the book? Schedule your appointment with Mary Jo or John today at maryjo@withoutthebank.com 💬 Have a podcast topic idea? Drop it in the comments below! 👍 Like this episode if you learned something new, and subscribe for more no-nonsense financial education.

📘 Links Mentioned: 💡 Get the book: https://www.farmingwithoutthebank.com/book 🌾 Canada version: https://www.ranchyourway.com 🎓 Learn from Nelson Nash: https://infinitebanking.org

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When Dave Ramsey told a 20-year-old rancher he made a "huge mistake" buying $100,000 in cattle, we had some thoughts. Spoiler: Dave doesn't understand agriculture, leverage, or infinite banking.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book/

In this fiery episode #324 of Farming Without the Bank, Mary Jo Irmen and John dive deep into a recent Dave Ramsey clip that went viral — a 20-year-old caller buys $100K in cattle, and Dave loses it.

Mary Jo and John break down why the young man's decision wasn't reckless at all; it was smart business. They explain how proper use of leverage, cash flow, and infinite banking can make or break a farm or ranch operation.

If you've ever been told "debt is evil" or "cash only is the way," this episode will challenge everything you thought you knew about farm finance.

💡 Key Takeaways: ◦ Why Dave Ramsey's blanket financial advice doesn't work for farmers or ranchers ◦ The truth about using leverage in agriculture ◦ How infinite banking can replace CDs and traditional loans ◦ Why business owners must understand cash flow, not just "debt-free living" ◦ How to use banks strategically — not avoid them completely

⏱️ Chapters: 00:00 – The problem with Dave Ramsey's cattle advice 03:00 – Why college debt ≠ business investment 06:00 – The $100K cattle example explained 10:00 – Infinite Banking vs. CDs 14:00 – Understanding cash-flowing assets in agriculture 20:00 – The myth of "no debt ever" 24:00 – When to use bank leverage smartly 27:00 – Real-life client success stories 32:00 – Final thoughts: what farmers should really do

(Timestamps are from the video version. Audio-only edits are always shorter since they have had more fluff removed, so the timestamps are not accurate to this version.)

💬 Have questions about infinite banking for your farm or ranch? Email Mary Jo: maryjo@withoutthebank.com

Links Mentioned: 📘 Grab the Farming Without the Bank book and start building your own financial system today. https://www.farmingwithoutthebank.com/book/

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Banks are already tightening up on ag lending, and that’s your red alarm. This creates instability as banks pull out of lending due to perceived high risk. Understanding sound farm management and agricultural finance is now more important than ever to mitigate risk management. Let's navigate the ag lending landscape together.

Mary Jo breaks down when (and if) you should use the minimum premium option on policies with Paid-Up Additions (PUA) and why, in most cases, paying the full premium and then borrowing against cash value is the smarter play, especially when banks are pulling back, collateral requirements are rising, and commodity prices are shaky.

If you’ve been tempted to “just pay the minimum” on your whole life premium, this episode explains why that move can quietly cost you years of growth.

She shares a personal $2,000 short-pay mistake that still drags on her policy 16 years later, and revisits Nelson Nash’s strategy during 23% interest rates: premium in, borrow, pay notes down, and migrate debt to the policy over time.

Key Takeaways:

∘Full premium today = more dividends + faster compounding tomorrow ∘Minimum premium “flexibility” is for worst-case cashflow crunches, not a habit ∘Policy loans can make tractor/land/operating payments while keeping your policy compounding ∘Banks pulling back = expect harder renewals + more collateral requirements ∘Consider how (or whether) to list cash value on bank forms—educate your banker ∘Nelson Nash moved high-interest bank debt to his policy over ~13 years, start where you are

📘 Read Nelson Nash’s Becoming Your Own Banker and Mary Jo’s Farming Without the Bank 🗓️ Clients: Email to get on Mary Jo or John’s calendar for a strategy session ✉️ Quick question? Email us and request a call-back ✅ Before you cut premiums, talk it through, don’t starve your compounding

Links Mentioned: Becoming Your Own Banker – Nelson Nash (official resource): https://www.farmingwithoutthebank.com/product/becoming-your-own-banker/ Farming Without the Bank – Book & resources: https://www.farmingwithoutthebank.com/book/

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In this episode, Mary Jo dives into one of the biggest mistakes she sees farmers and ranchers making—rushing to pay off debt at the expense of cash flow. She explains why keeping money liquid provides flexibility, freedom from the bank’s control, and better long-term planning. Through real client stories, she shows how choosing liquidity over debt payoff can mean the difference between staying in business and being forced back to the bank. From operating notes to side-by-sides to land loans, Mary Jo breaks down how to think differently about utilizing money and why Infinite Banking is really about control, not just debt freedom.

Audio Production by Podsworth Media - https://podsworth.com

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In this episode, Mary Jo breaks down why multiple policies aren’t just a nice-to-have—they’re necessary if you want to grow real wealth, keep taxes off your back, and take back control from the banking system. From MEC limits to managing premiums, she lays out the blunt truth about when and how to start extra policies, what pitfalls to avoid, and why building your own banking system looks a lot like how the banks operate—with more branches, more deposits, and more control.

Audio Production by Podsworth Media - https://podsworth.com

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In this episode, Mary Jo tackles the hidden dangers of life settlements and why they often hurt elderly policyholders more than help them. She explains how companies profit by preying on the uninformed—while simple solutions like borrowing against a whole life policy are overlooked. Mary Jo calls on listeners to share this knowledge with parents, grandparents, and neighbors to protect them from costly mistakes.

Audio Production by Podsworth Media - https://podsworth.com

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In this passionate episode, Mary Jo delves into the ethical issues within the agricultural finance industry, sharing her frustrations with financial consultants who exploit struggling farmers by charging exorbitant fees. She contrasts her own approach, which prioritizes genuine aid and financial education over profit. Mary Jo discusses her deep-rooted drive to protect and empower vulnerable people in the agricultural industry, and her commitment to providing high-quality support to all clients regardless of their financial status.

Audio Production by Podsworth Media - https://podsworth.com

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If you're still judging what works based on what your neighbor did (or didn't do), this episode is for you. Mary Jo calls out the small-town mindset that keeps farmers stuck—from refusing to leave the county, to writing off ideas without understanding them. She dives into why it's dangerous to assume something "doesn't work" when you've never asked the right questions, never left your operation, and never learned what others across the country are doing differently. Whether it's grazing practices, estate planning, or Infinite Banking—it's time to stop sitting at the coffee shop and start expanding your thinking. Because if you want to grow, you've gotta go. Literally.

Audio Production by Podsworth Media - https://podsworth.com

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In this episode, Mary Jo shares her candid thoughts on the inefficiency of writing out goals and drafting mission statements, advocating instead for actionable steps and a positive mindset to achieve business success. Through a detailed client case study, she discusses leveraging resources and strategic thinking to maximize returns in farming and ranching. Mary Jo challenges conventional wisdom and encourages listeners to focus on solutions rather than getting bogged down by goals and mission statements.

Audio Production by Podsworth Media - https://podsworth.com

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In this episode, Mary Jo explores the significant impacts of bank control on farming operations and presents the Infinite Banking Concept as a solution. By controlling their own finances, farmers could make strategic decisions without bank-imposed selling deadlines, increasing profits and reducing stress. The discussion also touches upon the broader implications of financial control, such as influencing market prices, promoting generational wealth, and even addressing serious issues like farmer suicide.

Audio Production by Podsworth Media - https://podsworth.com

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In this episode, Mary Jo and John continue their study through Nelson Nash's Becoming Your Own Banker book. They address common misconceptions about money, interest, and banking systems, emphasizing the importance of viewing money as valuable and leveraging whole life insurance to become your own banker. The discussion includes the biblical basis for earning interest, the mechanics of banking, and the critical aspects of creating a personal banking system.

Audio Production by Podsworth Media - https://podsworth.com

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Are you a farmer worried about losing your family farm to banks, bad estate planning, or expensive buyouts?

Mary Jo Irmen joins Tracy Brunet on the Impact Farming Show to reveal how Infinite Banking for farmers can protect your farm, simplify farm succession planning, and keep your operation in the family for generations.

In addition to providing an overview of the Infinite Banking Concept, they discuss specifically how it is instrumental in making transition planning work, how it helps in "fair and equal" situations with off-farm children, and how it factors into old-age care for the farm founders.

Mary Jo becomes fiery several times in this episode, including when discussing why farmers work so hard to build their operations over decades, only to have them destroyed by eventually being parcelled out and rendered no longer viable.

Key Takeaways:

◦ Why most estate plans fail and lead to losing the farm.

◦ How infinite banking gives farmers control over their money.

◦ The “discounted dollar” strategy that can save operations during a buyout.

◦ Why fair doesn’t always mean equal in farm succession.

◦ How to avoid banks dictating your farm’s future.

Timecodes: (00:00) Mary Jo’s journey from skepticism to Infinite Banking

(03:12) Growing up on a farm and seeing bank control firsthand

(06:05) Why traditional advice keeps farmers broke

(13:46) Infinite Banking explained simply

(16:13) How banks control your operation without you realizing it

(19:56) Understanding the real cost of money

(24:29) Why the stock market isn’t a safe retirement plan for farmers

(28:12) Why invest in what you know instead of Wall Street

(31:41) How life insurance policies work in Infinite Banking

(44:19) Estate planning mistakes that ruin farm transitions

(49:35) The “vulture” problem in farm succession

(55:27) Why “fair” can still destroy the farm

(1:02:34) Why some farm kids build from scratch instead of waiting to inherit

(1:07:52) Using policies to pay for nursing home costs

(1:09:51) Closing thoughts and links

📚 Get Mary Jo’s book: https://farmingwithoutthebank.com/book

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Too many farmers assume “Farming Without the Bank” means living cash-only and staying debt-free. In this episode, Mary Jo Irmen sets the record straight. She breaks down why using cash only could be costing you thousands in lost opportunity, why paying interest isn’t the enemy, and how uninterrupted compound interest is the secret sauce behind the Infinite Banking Concept (IBC).

Whether you’ve read the book or you’re hearing this for the first time, this episode will completely shift how you think about using cash, debt, and life insurance in your farming operation.

🔑 KEY TAKEAWAYS

Why paying with cash isn’t always the smartest move

How borrowing against whole life policies preserves your wealth

The myth of “cash is king” vs. the truth about cash flow and liquidity

Why term insurance isn't cheaper over the long run

How uninterrupted compound interest actually works (and why it's a game-changer)

The arrival syndrome and why most people don’t “get” IBC without reading the book

⏱️ EPISODE TIMECODES

(00:00) – Why most people don’t understand IBC

(00:40) – Clarifying what “Farming Without the Bank” really means

(01:55) – Using cash vs. borrowing against a life insurance policy

(03:02) – Why insurance companies charge interest

(03:49) – Power of uninterrupted compound interest explained

(05:04) – The long-term view: thinking like a forester

(06:57) – Are you paying yourself back with interest?

(07:27) – The flawed “buy term, invest the difference” argument

(08:12) – Why mutual insurance companies are good at making money

(10:03) – The rising cost of term insurance over time

(12:01) – Why cash buyers are ideal IBC candidates

(13:04) – Uninterrupted vs. interrupted compound interest

(14:43) – How to talk about IBC with skeptical friends

(15:32) – Why Mary Jo requires reading the book before meetings

(19:14) – Where to get the book + connect with Mary Jo

📚 RESOURCES & LINKS 📘 Grab your copy of Farming Without the Bank:

👉 https://www.farmingwithoutthebank.com

📅 Read The Book? Book a meeting with Mary Jo:

👉 https://www.farmingwithoutthebank.com/contact

🎧 Listen to the Without the Bank Podcast for more IBC episodes:

👉 Available on all podcast platforms

💬 Email your questions: 📨 maryjo@withoutthebank.com

👍 Follow on Facebook: 🔗 https://www.facebook.com/FarmingWithoutTheBank

🔥 WANT TO KEEP LEARNING? Binge past episodes and learn how real farmers are using IBC to transform their operations. You’ll never look at money the same way again.

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🌱 Seed vs. Harvest: What Are You REALLY Paying Taxes On?

Most farmers and business owners are unknowingly planning for a tax-heavy retirement, and it’s costing them big time.

In this episode, Mary Jo Irmen uses a simple corn jar visual to unpack the powerful financial truth behind “seed vs. harvest” taxation. She explains why paying taxes today (on the seed) is often smarter than paying them later (on the harvest), and how whole life insurance and the Infinite Banking Concept (IBC) let you grow wealth without giving Uncle Sam a bigger cut later.

If you’re putting money into IRAs, 401(k)s, or even Roths without understanding the harvest tax implications, this episode is a must-listen.

🔑 KEY TAKEAWAYS

Why "tax deferral" often leads to bigger tax bills in retirement

The danger of maxing out your 401(k) or IRA without a tax exit strategy

What the government doesn’t want you to know about Roth IRAs

How whole life insurance gives you tax control both now and later

Why borrowing from your policy is income tax-free, and how to do it right

What wealthy people do differently when planning for retirement

How Infinite Banking changes your mindset about taxes, income, and control

⏱️ EPISODE TIMECODES

(00:00) – Are you paying tax on the seed or the harvest?

(01:15) – Why life insurance premiums shouldn’t be deducted

(02:30) – Capital gains and the step-up in basis strategy

(03:35) – IRAs, 401(k)s, and tax-deferred regrets

(04:30) – Roth IRAs: The government’s least favorite tool

(06:00) – The farm analogy for retirement accounts

(06:48) – Why whole life insurance creates tax-free retirement cash flow

(08:00) – Taxes in retirement: The hidden trap

(09:50) – Required Minimum Distributions (RMDs) and government control

(11:03) – Using whole life insurance for smarter cash flow

(12:00) – How wealthy people avoid taxes (legally)

(13:06) – Why Infinite Banking is all about tax positioning

(14:00) – Accountants vs. Financial Advisors: Who’s planning long term?

(15:07) – Retirement income vs. forced distributions

(16:00) – FAQs: Premium deductions, access to cash value, and more

(18:00) – Why the case studies in the book actually matter

(19:45) – Company differences in access to policy cash

(20:00) – Wrap-up and where to get started

📚 RESOURCES & LINKS

📘 Grab your copy of Farming Without the Bank: 👉 https://www.farmingwithoutthebank.com/book/

📅 Already read the book? Book a meeting with Mary Jo: 👉 https://www.farmingwithoutthebank.com/contact

📧 Questions? Reach out: 📨 maryjo@withoutthebank.com

👍 Follow on Facebook: 🔗 https://www.facebook.com/FarmingWithoutTheBank

🎧 More episodes: Farming Without the Bank Podcast is available on all podcast platforms.

🔥 WANT TO KEEP LEARNING? Binge past episodes to hear how real people are using IBC to take back control of their finances. Start with the case studies, and never look at retirement planning the same way again.

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📣 Farm Progress Got It WRONG About Infinite Banking

In this no-holds-barred episode, Mary Jo Irmen breaks down a misinformed article published by Nebraska Farmer on the Infinite Banking Concept (IBC). She exposes the inaccuracies line by line, from calling IBC an “investment” to lumping it in with universal life insurance.

Mary Jo calls out the authors' lack of research, clarifies key IBC principles, and explains why misleading articles like this one harm farm families looking for genuine financial solutions. If you're tired of financial "experts" getting it wrong and want the truth about how Infinite Banking can help farmers build generational wealth, this episode is a must-listen.

🔑 KEY TAKEAWAYS

The real definition of Infinite Banking (hint: it’s not an investment)

Why universal, variable, and indexed life insurance have no place in IBC

How misinformation spreads when financial “experts” skip the book

The truth about cash value, death benefit, and tax implications

Why the “rate of return vs. loan interest” argument misses the point

The #1 risk that no one is talking about (and it’s not what you think)

Why Mary Jo insists you read the book before talking to her

⏱️ EPISODE TIMECODES

(00:00) – The problem with IBC misinformation in mainstream ag media

(01:27) – The article that sparked this episode: Who wrote it and what they got wrong

(03:06) – Misinformation starts early: Calling IBC “universal life”

(06:10) – Is cash value an investment? No—and here’s why

(08:18) – What cash value really is (in plain English)

(09:52) – “This rarely works”? Mary Jo responds with real client examples

(11:02) – Yes, you must pay premiums, just like every other type of insurance

(14:26) – Do early premiums go mostly to the death benefit? Not if you do it right

(16:30) – Fearmongering about MECs and taxes

(18:59) – The truth about interest: It’s not free money

(22:12) – Long-term thinking and uninterrupted compound interest

(23:02) – Why you must vet both the company and your agent

(28:00) – What the article didn’t say (and why it matters)

(30:46) – How industry gatekeeping blocks real financial solutions

(33:28) – Mary Jo’s call to action: Don’t let misinformation win

(35:36) – Final thoughts and how to take the next step

📚 RESOURCES & LINKS 📘 Grab your copy of Farming Without the Bank 👉 https://www.farmingwithoutthebank.com/book/

📞 Ready to talk? Book a meeting after reading the book 👉 https://www.farmingwithoutthebank.com/contact

📬 Got questions? Email Mary Jo 📨 maryjo@withoutthebank.com

👍 Follow on Facebook for more myth-busting content 🔗 https://www.facebook.com/FarmingWithoutTheBank

🎧 Listen to past episodes of the Farming Without the Bank Podcast 👉 Available on Apple, Spotify, and all major platforms

🔥 WANT THE TRUTH ABOUT IBC? Start by reading the book. Then come back and re-listen. You’ll hear everything differently. This is your path to control, liquidity, and generational wealth—on your terms.

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🎙️ EP. 310 – Arrival Syndrome at Its Finest

Why is it so hard to get others to understand Infinite Banking, even when you’ve done the work and read the book?

In this episode, Mary Jo Irmen breaks down one of the biggest barriers to spreading the truth about IBC: arrival syndrome—the belief that someone "already knows" and doesn’t need to learn more.

From dismissive family members to skeptics crying “scam,” Mary Jo addresses the frustrating (and sometimes ridiculous) excuses people give when they refuse to do their due diligence. If you’ve ever felt like you’re banging your head against a wall trying to explain IBC, this one’s for you.

🔑 KEY TAKEAWAYS

What "arrival syndrome" is and how it blocks financial growth

Why you don’t need permission from others to take control of your financial future

How to deal with common objections like “it’s a scam,” “I already have insurance,” or “it’s a pyramid scheme”

Why curiosity and education are the foundation of success with IBC

The power of surrounding yourself with like-minded thinkers who “get it”

⏱️ EPISODE TIMECODES

(00:00) – What happens when people leave behind a financial mess

(00:57) – Defining arrival syndrome and how it shows up

(01:39) – A real email: “How do I get others to read the book?”

(02:46) – Why leading with “buy life insurance” fails

(03:21) – Stop waiting for permission to start your policy

(05:28) – What is Parkinson’s Law? (No, not the disease!)

(06:01) – 19-year-old client takes charge—despite his banker mom’s doubts

(08:07) – Mary Jo’s one rule: don’t ask questions if you haven’t read the book

(09:13) – Common (and absurd) objections to IBC

(11:04) – Commission talk: The truth behind how agents get paid

(12:14) – “I already have life insurance.” Do you have enough?

(13:28) – “I wish people could die for 3 years…” (on leaving behind a mess)

(14:39) – “This is a pyramid scheme” and other nonsense

(15:20) – If you’re earning 15% returns, great—here’s how to do even better

(16:15) – Scientology? Seriously?

(18:00) – No book = no meeting. Educate yourself first.

(21:01) – Why critics don’t do their homework

(22:01) – Surround yourself with people who think like bankers

(23:10) – Mary Jo’s advice to frustrated clients: Stop engaging with skeptics

(26:06) – Most people stop learning after high school—don’t be like most

(28:42) – Final thoughts: Find curious people. Ignore the rest.

(29:34) – Episode wrap-up

📚 RESOURCES & LINKS 👉 Grab your copy of Farming Without the Bank: https://www.farmingwithoutthebank.com/book

📘 Get Nelson Nash’s Becoming Your Own Banker https://www.farmingwithoutthebank.com/shop

📅 Read the book? Book a meeting with Mary Jo or John: https://www.farmingwithoutthebank.com/contact

💬 Email questions: 📨 maryjo@withoutthebank.com

👍 Join the Facebook community: https://www.facebook.com/FarmingWithoutTheBank

🔥 WANT MORE? Listen to past episodes and dive deeper into Infinite Banking with Mary Jo and her clients. You’ll quickly realize this isn’t just about life insurance. It’s about taking back control of your financial future.

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Starting a Bank vs. Starting a Policy (w/ John Hasche)

Most farmers don’t question putting capital into their land, cattle, or equipment. But when it comes to life insurance policies, suddenly they hesitate. Why is that?

In this episode, Mary Jo Irmen and John Hasche dig into Nelson Nash’s classic chapter “Creating a Bank Like the Ones You Already Know” and unpack why starting a life insurance policy isn’t all that different from starting a traditional bank. They break down why capitalization is key, how due diligence sets you up for success, and what it means to be the banker, not just the policyholder.

Whether you're new to IBC or revisiting your strategy, this episode is a must-listen for anyone serious about building long-term wealth the right way.

🔑 KEY TAKEAWAYS

Why capitalization is just as important for policies as it is for farms

How starting a life insurance policy mirrors starting a traditional bank

Why studying the business of banking helps you make better financial decisions

How uninterrupted compound interest builds long-term wealth

Why it's critical to choose the right company and the right agent

What happens when you “lock the doors” on your policy and stop funding it

Why treating your policy like a real business is the only way to succeed

⏱️ EPISODE TIMECODES

(00:00) – Why capitalization is non-negotiable

(00:36) – John Hasche returns to review BYOB

(01:13) – Starting a bank vs. starting a policy

(02:37) – Study the business of banking

(05:19) – Capitalization: why you need to put money in

(07:06) – Qualifying for a policy vs. a bank charter

(08:41) – Picking the right company (location of your “bank”)

(10:22) – Making deposits: keeping your policy alive

(12:03) – Breaking even: 7–10 years for banks and policies

(14:38) – Why whole life insurance is a proven system

(16:01) – Fractional reserve banking vs. 1:1 lending

(19:14) – Lessons from Midland Bank’s collapse

(22:01) – Faith in banks, dollars, and crypto

(23:20) – Why loan repayments are crucial

(25:02) – Your responsibility as the banker

(26:05) – Why policies are boring—and that’s good

(27:05) – How to book with Mary Jo or John

📚 RESOURCES & LINKS 📘 Grab your copy of Farming Without the Bank: 👉 https://www.farmingwithoutthebank.com/book

📅 Read the book? Book a meeting: 👉 https://www.farmingwithoutthebank.com/contact

🎧 Listen to more episodes of the Farming Without the Bank Podcast: 👉 Available on all major podcast platforms

💬 Email your questions: 📨 maryjo@withoutthebank.com

👍 Follow on Facebook: 🔗 https://www.facebook.com/FarmingWithoutTheBank

🔥 WANT TO KEEP LEARNING? Binge past episodes and learn how real farmers are using IBC to transform their operations. You’ll never look at money the same way again.

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Too many farmers claim they “can’t afford” life insurance premiums—but turn around and spend thousands on tractors, trailers, and toys.

In this episode, Mary Jo Irmen challenges that mindset head-on. She walks through why premiums should be treated like any other farm expense, how to rewire your thinking around affordability, and why putting off Infinite Banking is a costlier mistake than you think. If you’ve ever said “I’ll start when I have more money,” this episode is your wake-up call.

🔑 KEY TAKEAWAYS

How to treat your premium like any other line-item farm expense

Why “I can’t afford it” is usually just a mindset problem

The difference between a luxury and a necessity—and why life insurance isn’t a luxury

What farmers get wrong about return on investment in IBC

How to shift your break-even numbers to include a policy premium

Why waiting costs more than starting small

⏱️ EPISODE TIMECODES

(00:00) – Why farmers say they don’t have “extra money”

(00:29) – Make your premium a fixed expense

(01:08) – You borrow for tractors—why not for banking?

(02:08) – Rethinking your breakeven to afford premiums

(03:17) – Why so many farmers have zero life insurance

(04:24) – We budget for property insurance—but not death?

(06:00) – Whole life + IBC is not a luxury

(07:22) – The grain bin analogy: investing before return

(09:08) – If you die, who’s cleaning up your mess?

(09:54) – What if you just needed 5¢ more per bushel?

(11:04) – Turning $500k/year into $24M of death benefit

(13:14) – Life insurance = scam? Or is the real scam the 401(k)?

(14:25) – The power of a steady, boring policy

(16:04) – Calculate your premium and just bake it in

(17:00) – Reread the book and rewire your brain

(18:04) – Email questions—but don’t expect magic answers

(18:45) – Book your appointment (yes, it’s worth the wait)

📚 RESOURCES & LINKS 📘 Grab your copy of Farming Without the Bank: 👉 https://www.farmingwithoutthebank.com/book

📅 Read the book? Book a meeting with Mary Jo: 👉 https://www.farmingwithoutthebank.com/contact

💬 Got questions or a podcast topic? 📨 maryjo@withoutthebank.com

👍 Follow on Facebook: 🔗 https://www.facebook.com/FarmingWithoutTheBank

🔥 WANT TO KEEP LEARNING? Binge past episodes and learn how real farmers are using IBC to transform their operations. You’ll never look at money—or “expenses”—the same way again.

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In this episode, Mary Jo joins Damian Mason on The Business of Agriculture podcast to explain how the Infinite Banking Concept can revolutionize financial strategies in agriculture. They explore common money mistakes, the power of whole life insurance, and how farmers can take back control from traditional lenders.

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Today, we're breaking down the top 10 concerns in agriculture these days. Mary Jo shares how better money strategies—like infinite banking—can solve half of them.

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In this episode, Mary Jo dives into her farming roots and shares how her background shaped the creation of Farming Without the Bank. She unpacks why understanding the ag lifestyle—not just the numbers—is critical to helping farmers take control of their finances and secure generational legacies.

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Let’s discuss why starting small with infinite banking is not only possible but powerful. Today, we’re looking at real-life examples and challenging the idea that you need big money to build lasting financial security.

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Today we're diving into recent life insurance scams and highlighting the dangers of working with unqualified or misleading agents. Learn why due diligence, proper policy structure, and working with experienced professionals are critical to protecting your financial future.

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In this episode we explore the often-overlooked topic of transferring ownership of life insurance policies from parents to children. Let's unpack the risks, responsibilities, and strategic considerations of gifting these policies, while emphasizing the importance of education and control in building generational wealth through infinite banking.

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In this episode, John joins us to look into the growing trend of millennials and Gen Z stepping in to rescue family farms from financial collapse, often due to poor planning and mismanagement by older generations. We share real-life stories, practical strategies, and tough-love advice for making smart financial decisions without drowning in inherited debt.

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In this episode, we confront the unspoken tension around the question, "How many acres do you farm?" and challenge farmers to take pride in their accomplishments and share their journeys. Let's unpacks why transparency in agriculture matters, how silence hurts the next generation, and why owning your story can inspire others and strengthen the industry.

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Only 1–3% of people actually take action on big ideas like Infinite Banking or sell-by marketing. Let's explore the mindset gap between dreamers and doers—and why success will never be the norm.

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Let's discuss the trap of comparison and the power of patience, especially for young farmers feeling pressured to "catch up." We are sharing real-life insights on managing finances, embracing life's pace, and learning from those with decades of experience.

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We are diving into the principle of capitalization, comparing how it works in life insurance policies versus land ownership. Let's look at why using whole life insurance as a financial tool can offer more flexibility and better access to capital than traditional bank loans, especially when managing land and farm investments.

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We are continuing our review of Becoming Your Own Banker and looking into the financial struggles many face today, emphasizing the importance of understanding the volume of interest we pay over time, from car loans to mortgages. Join us as we discuss how controlling your own financial environment through strategies like the Infinite Banking Concept can create long-term success, regardless of prevailing economic headwinds.

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Explore the impact of selling farmland to the highest bidder, whether it's China, a developer, or a large farmer, and discuss how owner financing can offer a creative solution for both landowners and younger farmers. Let’s dive into how thinking outside the box can help landowners retain control, generate income, and potentially double their money, without relying on traditional buyers.

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In this episode, John joins us to review Chapter 3 & 4 of Becoming Your Own Banker, exploring the power of imagination, and breaking down Nelson Nash's grocery store analogy to explain the process of building and maintaining a whole life insurance policy.

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In this episode, we are discussing the growth of ag-focused podcasts, especially among millennials, and how it's shifting farming to a more business-like approach. Tune in to learn how younger farmers are reshaping the industry with open conversations about soil health, finance, and modern farming strategies.

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John is back again this week to continue discussing 'Becoming Your Own Banker'. Join us for a discussion on the importance of uninterrupted compound interest, the commitment to continuously pay premiums, and the dangers of short-term thinking, as well as some real-life examples from Nelson's experiences.

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This week, John joins us to discuss "Becoming Your Own Banker". Here is your chance to dive into its key concepts with us as we review important sections of the book, emphasizing its financial principles, ultimate objectives, and how it serves as the ultimate guide to understanding the infinite banking concept.

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Let's discuss the pitfalls of conducting business via email, especially when it comes to seeking financial illustrations and advice. Don't fall for quick email transactions; instead, invest time in proper financial planning to ensure you make informed decisions.

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In this episode, we delve into the complexities of borrowing money to pay life insurance premiums, and discuss the potential pitfalls. This discussion aims to provide you with a clear understanding of the consequences and options available, especially for those in agriculture or with irregular income timing issues.

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Today Brian Munger is talking with us about his journey adopting the Infinite Banking financial strategy, his ranching operations, the importance of financial education for his children, and the family's unique approach to financial management. Learn how the Munger family transitioned their ranch management, involved their kids in financial decisions, and utilized life insurance policies to secure their financial future.

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Join us at the Wealthy Cowboy studio as Crockett hosts Mary Jo to discuss the Infinite Banking concept, financial education for farmers, generational wealth, and the importance of cash flow. Uncover the value of knowledge in blue-collar work and creative financial strategies in agriculture.

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We are discussing the importance of preparing for economic downturns and the benefits of using life insurance policies for financial control and stability. We need to be thinking long-term in the good times and bad times.

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Stopping premium payments on one policy to start a new policy does not yield a better rate of return! Today we are discussing the misconceptions around stopping premiums and paid-up additions riders for policies that are set up for Infinite Banking.

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Cash flow is critical for a sustainable retirement and traditional IRAs and 401ks are falling short, especially with increasing life expectancy and inflation. We explore real numbers and scenarios using a Truth Concepts calculator, showing that individuals need to shift from a savings mentality to focusing on generating consistent cash flow.

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There is a difference between farming and running a farm business. In this episode, we're addressing misconceptions about farmers and their finances, the importance of being open-minded and knowledgeable, challenges of marketing, and the importance of networking in agriculture.

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Today we discuss the importance of considering different perspectives and continuous learning. It's a challenge for some, but we must embrace new ideas and technologies for the sake of personal growth in life and work.

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Let's explore who actually owns all the land in the United States. We all know Bill Gates gets a lot of hate for buying up ground, but where does he actually rank among land owners?

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In this episode, we dive into the recent Yellowstone episode, highlighting the financial lessons that resonate with real-life ranching and farming scenarios. Let’s discuss the importance of running a ranch like a business, handling taxes wisely, and the pitfalls of poor estate planning.

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The value of goods like vehicles, houses, and land is driven by what people are willing to pay. Today we’re talking about high living costs as a result of our own human behavior, emotional decisions, and the lack of spending limits.

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Explore the intricacies of whole life and learn why my illustrations often show a decrease in premium. We are taking a closer look at policy structure, MEC, payment splits, and financial planning considerations.

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Tune in for an enlightening discussion with Taylor Moyer about LandTrust, a platform helping farmers and ranchers monetize their land through hunting, fishing, and other recreational activities. We’re discussing liability, earnings potential, and how landowners can seamlessly integrate this revenue stream while maintaining control over their property.

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Borrowing against life insurance policies does not make you debt-free! Think logically, be financially responsible, and understand that moving debt doesn't eliminate it.

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Be careful who you trust to set up a policy for you! Here are some tips on identifying authorized practitioners and ensuring you are getting accurate information.

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Life insurance offers guarantees, liquidity, control, and uninterrupted compound interest, which makes it fundamentally different from traditional investments with returns. Understand your policy so you can sift through the sea of noise created by financial advisors.

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Learn the significance of charging interest when lending money to family members. We're discussing how adopting the role of an honest banker will not only minimize lost opportunity costs, but actually benefit both the lender and the borrower in the end.

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Learn why loans on your policy do not generate income, but instead how paying extra interest as premium will maximize financial growth. We break down key principles from Nelson Nash's book, highlighting strategic borrowing, repayments, uninterrupted compound interest, and the honest banking practices needed to become your own banker.

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Meet John Hasche, a trained agent and expert in Infinite Banking and farming-related financial solutions. We are talking about the power of death benefit, the financial flexibility that IBC allows, and why John might be the right agent to schedule with, especially for those eager to start a policy this year.

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Let's talk about starting using IBC during challenging economic times, especially when commodity prices are low. It's all about being strategic, beating Parkinson's Law, and maintaining financial control.

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Today we're addressing common concerns about committing funds to life insurance policies and the importance of understanding the long-term benefits. Using life insurance as a financial tool is like building a business or farming; we need to be patient to see the long-term gains.

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The owner has ALL the control and owns that asset. No one can ever change that; not even if you die before the insured.

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Some miss the point of IBC being done through dividend paying whole life insurance policies, and they think a money market is the same. There are 5 big reasons why they are not even close to the same.

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Here are the four things I run into when I see farms in LLCs. There are good reasons to have an LLC, but unless you do your setup and maintenance right, you will actually be hurting further generations.

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We have far too many current farm owners who are in debt, and the next generation is trying desperately to save the farm by putting themselves at risk. This has to stop!

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Shane Anderson talked to us about how he made the decision to quit working off the farm and farm full-time. Tune in! We have solid advice about how to do it.

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So many people, ag industry included, want to be quick to make the judgment that, "people don't understand us." Let me encourage you to stay openminded, look at both sides of the story, and teach and communicate well with people instead of fighting and being short.

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With commodity prices the way they are now, so many folks are scrambling, yet we have had some decent years in the past. Are you preparing in the good times for the bad times. Are you really looking at your numbers to make sure you are making a profit?

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If the land next door became available, you'd find the money for the land payment... yet many wonder where the money will come from for their IBC policy. Let's talk about it.

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Join hosts Corey and Tanner as they welcome Mary Jo to the Farm4Profit podcast to dive into the world of financial independence for farmers. In this episode, Mary Jo explains the Infinite Banking Concept and how it can be a game-changer for farmers looking to gain financial control, reduce dependency on traditional banks, and build generational wealth. Learn how policies, cash value, and strategic borrowing can revolutionize your approach to farm financing. Whether you're a seasoned farmer or new to the field, this episode offers valuable insights into sustainable financial practices.

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As a consumer, you have to be able to weed through the noise and realize you may actually be smarter than the keyboard warriors online. Let's address some of the comments we can find online in forums that have zero merit.

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Nelson talks about using IBC to self-insure, and I can't say it's as easy as some folks make it out to be. With today's costs, it's very hard on the home and auto side, then you add in crop insurance, and it's nearly impossible, based on the research I have done.

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Is your farm setup well enough to take a month off? My business is not. This is definitely something to think about.

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In this episode, we are diving into the concept of Infinite Banking. Highlighting key points from Nelson Nash's book, 'Becoming Your Own Banker,' the discussion covers the foundational mindset shifts required for Infinite Banking. The episode addresses common misunderstandings, critiques current financial systems, and stresses the importance of proper financial management and overcoming human nature barriers like Parkinson's Law. The core takeaway is that Infinite Banking is not solely about life insurance policies but a broader mindset and financial strategy.

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Let's bust more myths: companies don't pay claims; premiums increase; companies collapse; whole life is expensive; and any agent can help with IBC.

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I had the privilege of being on the Barn Talk podcast a year ago and want to share that with you guys today. Enjoy!

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It's called "infinite" for a reason, and that can be very hard to see when you are only looking down your lane. What are you using money for that you could actually be using the infinite banking concept for? Is it college, farming, rentals, braces for the kids, or something else? I challenge you to not only take the blinders off but get the book "Becoming Your Own Banker" and dive in.

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Today we talk about: Are kids' policies better than adults' policies? Am I just selling you something? Should tobacco users forget about having a whole life insurance policy? Should your premium be a certain percent of your gross income? Can you retire on your cash value?

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Regardless of what you think, the bank has control, and you are the employee of the bank. If they call a note and you don't have the cash to pay that, they are in control. You need to know your numbers or they will take an opportunity to manipulate you.

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This is a common question that I hear, because people think the insurance companies are stealing money. Why? I have no idea... but let's address what they actually do with your money to ensure the death benefits get paid out.

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Today we talk about loan interest as a tax deduction; being debt-free but having policy loans; 1035ing cash value; loans for cash flowing assets; and the idea that life insurance companies are banks. Why are these ideas misunderstood or inaccurate?

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Do you have the cashflow to retire, or are you going to live on a prayer? It's a proven fact that people with money live longer. Start looking at your numbers and count inflation.

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Let's dig into how loans are treated. The best part of IBC is being in control, the worst part of IBC is being in control of your loans. The company treats it as one loan; they don't question, and they don't care. You are the one who has to figure out how you want to make it back.

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Here is an example of why Uninterrupted Compound Interest is what you want when looking at interest on anything you're saving. Many talk about compound interest, but they don't talk about what happens when it's interrupted.

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You all liked my myth busting before, so here's more! I'll keep the tally rolling. Today we smash myths 6-10! 6. Whole Life insurance is bad because you don't get cash value and death benefit. 7. It's not an IBC policy. 8. It's about a Return on Investment. 9. Dividends are from overpaying on insurance. 10. Fees in Whole life.

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So many people hear a 30-second clip of me talking about successful farmers and think I am an idiot. Yet, that is what I see. I see success because those looking find me and want to learn. Those who spend their time just scrolling are crying in their coffee rather than looking for solutions.

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How much you pay is really set on how you are thinking. Rethink your thinking.

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Let's bust some myths and let the record be set straight. The five myths we talk about in this episode are: 1. You borrow your money, 2. Premium is post-tax, 3. You collect the interest on loans, 4. You can use Universal Life products for IBC, and 5. You don't have to repay loans.

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People often use incorrect terminology when they talk about their life insurance policies and IBC. So let's go over the real meaning of the terms: Pull money, Take money, Tax-Free, Tax-Free Retirement, and IBC policy.

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It's hard to remember that our cash value is liquid and we get to use it. We have been programmed to think we will never see that money again. Remember, when you pay premium, a portion of that premium is available to you right away. You are not giving up access to every dollar you put in.

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If you are questioning how you are going to pay for the new piece of equipment, more cattle, or even a life insurance premium, then build it into your accounting. Successful operations have the costs built in; they don't just hope and pray they will have enough. Many ask how they can get away from the bank. If you want to do that, then build your life insurance premium into your expenses. It's a cost of doing business.

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The entire book is important; are you reading it all, or just one part of it? IBC is the first half, and life insurance is the second half, so be sure to read and re-read the entire book!

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Where would you rather put your money? So many are not thinking correctly. Rethink your thinking!

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After talking to over two thousand farmers over the years, I may know a thing or two, and I definitely have an opinion on a thing or two.

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It is all simple when you quit making it so hard. Unfortunately, some people are stuck thinking small and have the mindset that everything is just too hard. Think bigger and ask for help solving the problems! Today I talk about fixing the mindset that is holding you back.

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Our client-only Blacksheep Summit was last week, and we had a fantastic time. Let me tell you about it!

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There's so much talk online about numbers and tactics, but the Infinite Banking Concept is first of all a thought process. So let's get back to basics: here are the 5 principles that IBC is built on. If you are new to the podcast, you're in for a treat! If you're a long-time listener, you need the refresher!

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As I throw ideas out there for people, many come back with objections of why I am wrong. Let's challenge the thought process around this one; maybe I am wrong, or maybe we have a scarcity mindset instead.

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Many farmers look at their tax returns for their yearly numbers. These are lies; you try so hard to avoid taxes that you are not looking at the real numbers of your operations! P&Ls will give you the numbers we both want.

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My client Grant Jones joins me to discuss his shrimp farming operation, what all that entails, and how he has used IBC to finance it.

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People love to blame banks for their financial difficulties, but are they really the ones who bear most of the blame?

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What does it look like buying a tree farm, raising cattle, and adding a pumpkin patch? When do you quit your other jobs to focus? Such a great interview with Melanie and Cody Nelson of Iverson Tree Farm; don't miss it!

Guests' website: iversontreefarm.com Guests' Facebook: facebook.com/iversonchristmastrees

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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.

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Most people associate family money with bad emotions and greed, yet family money can surely get you to the next level.

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Many feel like loans for things outside of farming are different than for farming, when in fact, they are the same. So I explain more in detail.

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I am not an accountant, but it is that time of year for a friendly reminder of how taxes are tiered. This is a huge part of why you are not always saving as much as you think, and a lot of times, you're just redirecting your dollars from the IRS to the bank.

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When taking a cash value policy loan from a whole life insurance policy, it works a bit differently than a bank. It's important to understand all the moving parts here so you can deduct the correct amount of interest on taxes if using that money for a business expense. It can be simple, amortized, and compounding; it just depends how you pay it back.

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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.

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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.

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It is so important for spouses to communicate well, especially on matters of finances. While it is ok for one spouse to take the lead on budgeting, bookkeeping, and/or financial planning, it is vital that both spouses have a working understanding of what is going on with their money. If you are going to become your own banker, your spouse needs to understand how this works and be on board.

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There are many things we figure as a cost of doing business, but these four are missed nearly every time. Any and all of them can be a very costly mistake.

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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.

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As I have predicted, there may be another farm crisis. Many think I am chicken little and have lost my mind, making blanket statements. Let's break down why I make those statements and put things into perspective.

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This is a common question: How do I pay back a policy loan for something like a car that does not produce extra income to make the payment? There are a couple facets of this, so let's dive into changing some thoughts on how money flows.

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Many people have "arrived" in their thinking and believe something to be true that is not because of misclassification. Don't be that person! Understand why you need to be educated and support your kids.

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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.

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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.

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You have flexibility, but it should only be used when you NEED to, not all the time. Paying premium makes you money.

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We need to do a better job of asking questions, and those who do not ask and think they know are scary. Not everyone understands ag but is ok with taking money from a policy sale. That is not helping this industry.

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3 things I do not buy into 100% are gold/silver, cryptocurrencies, and velocity banking. Are they useful? Perhaps... yet I don't understand a lot of the hype or why these are the end-all, be-all for some folks.

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Keep in mind, if you are looking for advice from others, your approach will determine your success.

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Farmers and ranchers are so independent that they think it can only be done alone. But what if we did it together? Buy some land together, and create a partnership. You can go further together than you can alone.

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Who is right in this fight? Who is the door mat, and how long do we sit around waiting?

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When I visit with people, I tend to throw around lots of ideas to make more money, so I decided to share a few of the hot ones with you.

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You don't get to count your debt as paid-off if you come into money. Be honest and keep paying yourself; those are the basics of the Infinite Banking Concept.

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This is my appearance on the Infinite Wealth Podcast from a couple years ago. Thanks to Cameron and Matt for letting me re-broadcast this! Go check out their YouTube channel here:

https://www.youtube.com/@InfiniteWealthConsultants

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Today's topics: How to get money in for a faster start, when to start new policies, how much death benefit do I need, and don't feel guilty using cash.

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Bankers are normally nice, but when they aren't, they can harm you more than help you. Today's RANT is about how they can actually harm ya!

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Don't let people kill your dreams, and by gosh, don't be scared to share them with me!

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So many people talk about being debt-free but have policy loans. This is not debt-free; you have to be an honest banker.

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The big IBC debate around IUL vs. whole life has come to a head with the document I received last week. It is full of lies and was given to clients. Chris is a leading expert in IUL and why those policies are not good, so I had him on as a guest to speak about the IUL debate.

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Nelson Nash talks about windfalls within the world of Infinite Banking, but loans should not be taken with a windfall in mind to repay, unless it's a unique circumstance.

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We hear a lot about the MEC when we talk about Infinite Banking, but rarely do we hear the ins and outs of it. Here are the ins and outs, why it matters, when it happens, and how to avoid or work around it.

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In this episode, you will see evidence and real policies demonstrating why universal, variable universal, and indexed universal life policies are not a good options for the long term. IBC uses whole life and only whole life for a reason.

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There are normally three types of people that take the step to meet with me, but they get there differently and over a different period of time. Who are you?

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We talk a lot about cash value in IBC, but we rarely talk about the death benefit and why this is important, even if you are debt free and in your 80's or 90's. Today, we talk about why the death benefit is important.

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Many of you have money in 401K or stock because your company matches or you don't know anything else. Well, let's talk about if non-liquid money is the best option and what those costs are to tie up that money.

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I am frequently asked how IBC users can best apply extra interest. Start another policy? ...or wait? ...or what?

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With operating notes going to 8-9%, I think we likely have a perfect storm for another 1980's-style farm crisis. Now is the time to be smart with our money! What are your thoughts?

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Clay Conry from the Working Cows podcast had me on recently, and we talked about this topic. It was so good that I wanted to share it with you all.

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With the recent bank failures in the headlines, this is a good time to talk about fractional reserve banking and why we do IBC.

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Getting back to the basics of WHY Nelson created IBC and what we have done to forget that.

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(Re-broadcast; originally aired November 19, 2019.)

In this episode, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode.

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It's not easy sharing something new, but here are some tips for ya. I sure hope they help.

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Let's break down some myths that I have been hearing about lately.

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Here is how the policy loan rate changes are determined and, by contract, when they can change. Also a little bit on how loan rate interest is figured and applied.

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Rarely, if ever, do we get to hear from someone internal to a life insurance company. Clay shares some great insights on why a company may not like a 10/90 policy and how that can affect the company. He also talks about Universal Life policies and how they are different from whole life.

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Many people think they are too old to start Infinite Banking, which is not true. Also, that ties into when we should be buying a policy on mom or dad, or if we have business partners, when we should be buying key-man or buy-sell policies.

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It was super fun talking to one of the IBC Practitioners I look up to, James Neathery. He knew Nelson very closely, so I wanted to visit with him about Nelson and then get into why we are so passionate about IBC.

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Collateral assignments on whole life policies are not a great option if you want to maintain control. Also, the strategy of using a CD as collateral has become a talking point in the last couple weeks, and we need to understand why that is not always good either.

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What does 1035 mean and how does it work? Also, I include my suggestions for why you should NOT 1035 a policy and why you SHOULD question your agent if they suggest it.

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Inflation truly is the silent thief, and people don't understand how it affects how much money we need saved, what rates of return we need to earn to get there, what percent of income we need to save, and why cash flow is so important. This is the real reason IBC fits into everything you will need for the future. It will also show you why liquidity of money is the top priority as you are young.

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Since we talk about death a lot on this podcast, let's address why you should be funeral planning for locked-in costs and peace of mind for your loved ones.

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So many folks are being told what they should or shouldn't do with their land. Some even want gov't regulation. Do we really want gov't involved? ...and who gets to decide what you do with your land, how much you sell it for, and to whom?

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People ask about fees, and that is an immediate sign they are not aware of what whole life insurance really is. Let's talk "fees" and what that means.

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Abundance can not live where there is scarcity and negativity. I am seeing on social media that negativity is running rampant in the ag industry, and that needs to stop if we want to grow and move forward.

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I wrote my book with you in mind, and that is to keep this concept very simple, explain what words mean, and what columns on illustrations mean. It is not hard, yet so many people make it hard. Tune in and hear about what's in the book and why I teach the way I do. Fun little tid bits about me included.

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This is a super fun interview with two people that are leveraging their farm and truly running it like a business. Learn from their direct-to-consumer business, sell/buy marketing, and custom harvesting business, some done with family and some on their own. After listening, you’ll see why continued education matters! Walker Farms is their business, and they welcome you to visit their social media channels and call them.

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Here are some of the most frequently asked questions and concerns that I have received or come across recently.

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Here are some of the most frequently asked questions and concerns that I have received or come across recently.

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Tune in and learn LOTS from Heidi about hanging in there through the tough times with family, running her farm like a business, rotational grazing 100%, and being creative with her IBC policy.

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Tune in and learn LOTS from Heidi about hanging in there through the tough times with family, running her farm like a business, rotational grazing 100%, and being creative with her IBC policy.

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Here is the in-depth look at what we go over in our hour-and-a-half meeting, as well as what you need to have ready before it.

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In this episode, I talk about whether or not an IBC life insurance policy is a hedge against inflation and whether or not life insurance companies are secure during this time, due to pure craziness. I also, at the end, tell you what can stop inflation. (It's really quite simple.)

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In this episode, I talk about whether or not an IBC life insurance policy is a hedge against inflation and whether or not life insurance companies are secure during this time, due to pure craziness. I also, at the end, tell you what can stop inflation. (It's really quite simple.)

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How to use your cash value for operating and how to track loans.

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How to use your cash value for operating and how to track loans.

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We often wonder why we are so frustrated with what we are doing or who we are working with. This is a GREAT answer to how to find out where people will excel and how we can understand them.

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We often wonder why we are so frustrated with what we are doing or who we are working with. This is a GREAT answer to how to find out where people will excel and how we can understand them.

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Is the family farm different than a family business? In this episode, I explore this question, and it just so happens that the two are very similar.

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Is the family farm different than a family business? In this episode, I explore this question, and it just so happens that the two are very similar.

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In this flashback episode from November 29, 2019, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode.

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In this flashback episode from November 29, 2019, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode.

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If you are using the bank, you are part of the problem. The Infinite Banking Concept has nothing to do with rates of return or banks. Listen in!

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If you are using the bank, you are part of the problem. The Infinite Banking Concept has nothing to do with rates of return or banks. Listen in!

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So many people ask me, "How can I use IBC in my life, and what all can I use it for?" This episode will go over some examples for everyone!

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So many people ask me, "How can I use IBC in my life, and what all can I use it for?" This episode will go over some examples for everyone!

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There is so much confusion out there around loan interest and where it goes. I try to clear that up in this episode and explain what the company gets, what you get, and where to put it. Keep in mind, life insurance companies are just that, life insurance. They are not providing banking information for IBC.

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There is so much confusion out there around loan interest and where it goes. I try to clear that up in this episode and explain what the company gets, what you get, and where to put it. Keep in mind, life insurance companies are just that, life insurance. They are not providing banking information for IBC.

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People who learn will always beat people who are learned. Are you the person always wanting to learn or the person who thinks you are done learning because you are done with school? If that's not you, I am sure you know those people. Join me as we discuss why lifelong learning and humility are crucial.

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People who learn will always beat people who are learned. Are you the person always wanting to learn or the person who thinks you are done learning because you are done with school? If that's not you, I am sure you know those people. Join me as we discuss why lifelong learning and humility are crucial.

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With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

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With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

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With so many of my clients into regenerative ag, I thought it would be a great idea to have Gabe Brown on the show. He gave me as much time as I liked, and I took it. So we have 3 sessions with Gabe! Buckle up; we get into meat and potatoes! There is no fluff about him here! You can hear that in other places!

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As we create generational wealth, we forget that we still have the cash value to use and money sitting in the bank, should we pass. This is powerful when we talk about creating wealth.

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Many folks tell the younger generation to not farm and then those same people get mad that Bill Gates and China are buying up lots of land. What do we want? Farmer or not?

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Why it makes a difference to have good agents and companies to work with when using IBC.

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If we are going to save family farms, we must plan correctly, and doing that with a trust will avoid any extra costs and allow you to make sure it stays in the right hands. Heidi Olson is a succession planner and trust officer who shares with us some good starting information on what needs to be done.

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There are many ways to structure a policy, and I break it down to three basic ways here and explain why long-term may be better than short-term access.

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How can you grow your business with all the right people and have them as an asset and not a liability?

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Those who live closest to mom and dad are the ones who end up caring for them, and those who live far away don't understand the mental, physical, emotional, and economic toll this takes on the caregivers.

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Nelson addresses this in the book, talking about being the bank owner, lender, and borrow, and why that is important... but I challenge you to look at this with every aspect of your life and why it's important.

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Bankers will ask why you have so much life insurance or comment that your premium is too high, and many folks are asking me how we should respond. Let's address that, because there is not a simple answer.

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Clients are asking, and I am prepared... as best I can be for you all to be taken care of.

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Many are making decent money, but when I meet with them, I find out they have nothing saved. So the questions comes up, where is your money going? Nelson, talks about Parkinson's Law in his book, and we must seriously examine Parkinson's Law and beat it if we want to get ahead in life. Using money correctly and paying attention to it is what wealthy people do.

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Fun interview with Lincoln going over his direct to consumer start, what he's using the policy for, and why he moved his policy to an agent who understands farming and IBC.

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We've talked about it before, but let's look again at what estate planners/agents are trying to do to save farms by borrowing against the land to pay premiums. This is so risky, and I have some actual numbers to share as to why this is not going to work.

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A breakdown of what the difference is between whole life and universal type policies.

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This episode breaks down a few misunderstandings about IBC, who knows it, and why it's important to educate yourself.

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Negative thinking will not provide a solution or get you to the top. This podcast will help you understand why your thinking is helping or hurting where you are going.

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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.

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What is going to happen to with the economy going forward? I am not sure anyone knows, not even me. Listen in for my version of the what ifs.

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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!

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Nelson's son-in-law shared the tale of his two fathers (Nelson being one of them), including how they treated retirement and what that looked like to them. One is not right or wrong. If you are going to utilize and understand IBC, you will want to know what Nelson's intentions were, and here I lay them out for you.

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Nelson said, if you put peanuts in, you get peanuts out. So many want more out of the policy, but they are scared to fund the policy to meet those needs. You have to fix your thinking around it in order to accomplish this.

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If you are not doing anything with what you have learned here or read in the book, then this information is worthless. The best information in the world can be worthless unless we take action. Let's talk about it.

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So many farmers and ranchers have direct-to-consumer businesses or manufacturing businesses and want to know about marketing. I have brought on my experts to help answer some of those questions for you. There are times you will not need to pay but just be consistent in your posting on social media. Listen in; this is good stuff.

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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.

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Let's debunk this myth that you can't start from scratch and that it's supposed to be easy. Then let's add to it that you should not have to work off the farm and your spouse needs a job in town so you can keep farming. I may have gotten a bit preachy in this episode; be warned. Enjoy.

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Many want to create wealth in children's policies, and that is not always the best way. If we want generational wealth, we need to start with the older generation first. Listen in to see when it makes sense and when it doesn't.

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Currently, three things I am being asked about are financial stability of companies with COVID deaths, comments about Bank Owned Life Insurance, and paying your full premium vs. your minimum premium. I address these three and explain more.

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Many who have policies forget why then even have them. They buy a policy and then never use it to create cash flow or don't pay the full premium. They stop educating themselves and talking to me about how to think differently. Keeping yourself educated on this subject is the difference between being successful or having a savings account.

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This process is not about handing all the reins over to me and having me make your decisions. This is about you becoming the one in charge and me guiding you through this process to learn.

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In this episode, I visit with my client Michael Jenson, a dairy farmer from Wisconsin, and he shares with you what he is doing, why he made changes in his operation, and how IBC is going for him. Michael is great! Tune in!

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Many folks question taking a policy loan based on rates only. It's not about the rate only, it's about opportunity and liquidity of money. Listen in.

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In this episode, I talk about having more than one policy on yourself and how insurance companies figure that. I also talk about when to start a new policy when you already have one or more.

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Is the policy rate really higher than the bank? When you figure in processing fees from the bank, it may not be. Also, what changes in the policy have been going on with the 7702 tax changes? We discuss all of that in this episode.

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The Infinite Banking Concept is not really about whole life insurance or being a life insurance expert. It's about how to use money to give yourself freedom. In this episode, I answer some insurance questions and share with you why and how I am here to help you.

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Where do you want to be in three years? If you don't take the action to change things, things won't change. Let's talk about that in this episode and look back at where you were three years ago.

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Many see land being bought by non-farmers, and then that land sits idle as the owner takes tax breaks on it. Is this good or bad? Let me break it down on both sides.

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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.

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It's that time of year again where your accountant is telling you to buy things to avoid taxes. Are you saving money or giving up liquid assets unnecessarily? That is what we discuss in this podcast.

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In this episode, I visit with a newer client and he shares with you what he is doing, why he made the changes, what he thought of IBC right away, and how he's used his policy in the last year. Jay is awesome! Tune in!

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Many folks ask if IBC can work for them if they don't farm yet. The answer is YES. Now is truly the best time to get started with Infinite Banking so you have a pool of money to use for getting your farm started later.

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Many are judging a book by it's cover and think I hate bankers. That is not the title of the book, nor is it anywhere in the book. I actually really like bankers, but there is a difference between the banking system and the individual bankers.

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You are told to diversify and look for better ways, yet when you do, the critics and ignoramuses who have arrival syndrome crawl out of the cracks. It's truly amazing to me, and you'll hear in this podcast how much I love these people.

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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.

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Many feel that death benefit and estate planning are not important. Today I share why these were so important for two of my clients.

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We are back at it talking about why farms are failing and how we can do better with a plan.

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Curiosity is what keeps us improving and asking questions. Without this, we become complacent and we end up trusting those who give power to like accountants, attorneys, and bankers. However, if they too have lost their curiosity, they are not helping you to the best of their ability. Never stop asking questions.

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We are being sold and buying into an idea that was created during an era where the average lifespan was 61 years! Today we live into our mid to late 80s and think we should retire at 65. We think we will have enough money to live based on market returns and putting 3% of our income away every year. There are so many things wrong with what the gov't has sold us and what we continue to believe and buy into. This is a longer episode but is well worth the listen.

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I sometimes hear people say, "It's the only thing I know how to do." They then have the victim mentality that they can't do anything else. Today I address this. Be warned, I may tick you off!

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Nelson talks about the volume of interest in his books and why it's important but so many don't consider it unless they look at a home mortgage or credit cards. I share in this episode why volume of interest is super important and why you should be making a volume of interest, not just paying it.

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Here I dig into Nelson's second book, Warehouse of Wealth, where we go deeper and remind ourselves of what Infinite Banking really is.

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Farmers are being targets with borrowing against land to fund policies or using a the bank directly through a trust. Wade and I discuss why this is not IBC or Farming Without the Bank.

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Many people are confused about IBC when they hear they have to pay themselves back. They don't know how to treat the payback, where to put the money, how to create the terms. So in this episode, I try to clear that up for you in case you too struggle with this idea.

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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?

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What happens if you use your life insurance as collateral to a bank loan? ...and is there ever a good time to do this? I say no and explain why.

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I always hear comments like, "It's not easy getting started," or, "It's not easy farming." I'd like to know who said it should be easy! Was it easy for our ancestors who came over to America from abroad? We are asking the wrong questions and have stinkin' thinkin'!

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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.

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With the large amount of national debt and the non-stop printing of money, many people are scared of the value of the dollar plummeting. In this episode, I talk about what to do to compare and how to be rational about the whole thing. Things are worth what we are willing to pay for them. Life insurance needs to be held to the same standard as everything else, so why are we not doing that? There are many things to consider here, even on crypto currency. Listen in and enjoy.

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This is a question I get a lot from smaller farmers who want to be large. My answers address the questions of: Should we be competing? Are we profitable? ...and what does large look like? It's not an easy answer, but I feel we need to get past what we look like and start looking at profits.

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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!

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Back to the Becoming Your Own Banker book review. You'll hear about why you should have a policy on the family and why family banking is so important. The Infinite Banking Concept is not just about you but thinking long term about generations after you.

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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 in Life Without the Bank.

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There is nothing worse than a slimy life insurance agent who wants to talk fast and line his pockets with no regard to those he is hurting. 100% of my German passion comes out here while I share with you some of the sliminess of what is going on in this industry with other agents. Be aware of how they act and what they say.

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We talk about having life insurance on your employees, using it to lend to them or to use yourself, and then using it for retirement.

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Remember, Nelson called it the INFINITE Banking Concept. You can use cash value for anything and however you'd like. In this episode, I touch more on that and give you some examples.

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Here is the answer to your questions about why some policies don't have to be paid forever and when it is smart to use them. This also explains the inheritance example in my Life Without the Bank book.

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There is a huge difference between simple, compounding, and uninterrupted compound interest, and in this episode, I go over those three. Believe it or not, simple interest is actually better than interrupted compound interest! The policy is very much like your farm ground. Tune in to learn why.

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Many want to know when they can stop paying premium. When is this paid up? In this episode, I cover the fact that we want to pay for life and that the policy can be paid up at different times and what that means.

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Premium payments and loan repayments are NOT the same thing. In this episode, I break them apart to help you understand more about what is truly going on in your policy.

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How do you get your employer to give you the match so you can use it for Infinite Banking? I am not sure I have the answer, but I do have some input on the subject, so listen in!

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Another chapter review out of Nelson's book, Becoming Your Own Banker. The Infinite Banking Concept does not talk about rates of return because it's not about a rate of return. It's about owning the bank and being the banker. Here I go over that chapter in his book.

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What we think and how we think truly affects what happens to us. In this episode, I talk about thinking positively and remaining abundant and how that will help, versus staying negative all the time. We all know those people who are just Negative Nellies, and nothing ever seems to go right for them. Then there are those who make the most of every situation. In life, clearly the abundance mindset wins.

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If you are paying interest to the life insurance company and the bank for loans, then why would you have a life insurance company? What does it mean to be the banker if you lose interest? This is a great question which we address in this episode.

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We all have issues with another generation and them not listening to our advice or thoughts. Many think it's their parents, and some think it's their kids! In this episode, I talk about how to get them to listen and if it's even possible!

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Here is the answer to your question of, "How am I supposed to pay myself back for cash purchases?" Many people do not get this because they feel they do not have the money. Here is your answer!

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In this episode, I address what you can and can't write off on your taxes by using the policy, tax code 7702 changes, and how that will affect the policies going forward. I also address the video done by a certain talking head (you probably know who) regarding IBC being a scam. Enjoy!

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In this episode, I talk about the real reason behind Infinite Banking and what people are forgetting, as well as tying in Nelson's chapter, "Cost of Acquisition", and how we forget our time is worth something.

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With commodity prices high, it may be a perfect time to change the insanity of what you are doing and start your own bank or maybe even pay down some debt with that, but for the love of Pete, do NOT avoid taxes with unnecessary spending.

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Back to Nelson Nash's book, Becoming Your Own Banker. On this episode, we talk about the idea of retirement. Most farmers do not consider retiring, which can be good, but this is something we should consider carefully.

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Here we clear up what to do with that extra interest you pay to yourself when you are an honest banker. We also address the question of how many policies a person can have on himself or herself.

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Another chapter review from Becoming Your Own Banker. Why you should capitalize, why it's a lifetime commitment, who to use, and when to get started.

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Here is Part 2 of Equipment Financing from Becoming Your Own Banker. I explain some of the numbers in this chapter and why you need to use your imagination, reason, and logic.

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We are back to Nelson Nash's book, Becoming Your Own Banker, and we are talking about the equipment financing chapter. I go over the four really big things in just the first two pages of this chapter. Tune in to hear them.

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Many are hung up on interest rates when they should be hung up on liquidity and control of money. I personally experienced the pain, once again, of trying to get a loan from a bank. Having liquid money sure does make things easier. Is "easier" worth a little more interest rate? You'll hear my story of trying to get a loan and why I'd rather pay more interest to save myself the time of answering stupid questions.

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What happens if we have hyper-inflation and the U.S. dollar is worthless? Does our policy survive? That is the hot-button question at the moment, just as it was 11 years ago when I started teaching Infinite Banking. I address this question in this episode. Like it or not, there is not a sure-fire answer to any of this.

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Nelson Nash and I both talk about being an honest banker and paying yourself back PLUS interest, but where does that extra money go? Infinite Banking teaches us to be honest and pay ourselves more, so I address why this money may or may not fit in the policy and why Nelson had 49 policies.

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In this episode, I address those family and friends who may be non-believers and are holding you back from taking the next step. It's a great episode to get you to think about whether they are going to take care of you financially or if that is up to you. Experience and opinion are two very different things.

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In this episode, I go over how Nelson moved his debt from the banks to life insurance policies and why that led to 49 policies.

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Tim Bickett and I talk about Being the Light, letting those who have made a difference in your life know it and adding them to your estate planning. This is a great episode to share with family and take action on.

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Many times terminology on how life insurance is taxed is incorrect. In this episode, I really go over and correct the language and clear up the understanding of how death benefit and cash value are taxed, if they are taxed. This is very important so please pay attention.

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Many of you are selling direct to consumer and are needing to keep those clients after COVID is gone. I share a little bit of business advice on how to do that, what you need to keep your business strong, and why the strengths of everyone in any operation are key to recognize. I also get a bit passionate about handing over book work and not listening to the bookkeeper. These are all things in business you must have to build a strong foundation and be there for the long haul.

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We are back to another chapter of "Becoming Your Own Banker". This may be the most misunderstood chapter of of the book. You will learn why you need to be cautious if you are wanting to put every dollar through an IBC whole life policy. It is most likely not possible or not a good idea.

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We so often talk about comparing investments to life insurance or comparing ourselves to each other, but in this episode, I want to talk to you about comparing yourself to yourself. We all grow, so give yourself some grace to learn from where you were to where you are today. You are your worst critic.

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Many are so caught up in looking for the right company, the right policy structure, and numbers that they are forgetting about the basics of the Infinite Banking Concept. So we are going back to the basics in this episode.

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Another review of Becoming Your Own Banker and why the Infinite Banking Concept is the missing peace to the financial puzzle. You'll learn who the characters in the play are and which one you want to be.

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We are taking a little diversion on this podcast to talk about how comparison is the thief of joy and how jealousy kills curiosity. These are not my normal topics, but I feel we need to discuss these issues as folks in the ag industry constantly tear each other apart.

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I break down why interest rates themselves are not the most important thing and why dividends are not something you should be comparing companies on. There is far more to the Infinite Banking Concept than interest rates and dividends.

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Many people are trying to get debt paid off as soon as they can, but is that the best way to utilize money? In this episode, I go over why we may not want to overpay debt, why a 30-year mortgage may be better than a 15-year mortgage, and when is a good time to overpay and get debt paid down before starting an IBC policy.

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Today we are breaking down another chapter from "Becoming Your Own Banker" on the Infinite Banking Concept. It deals with how life insurance is priced, why we want the companies to be picky, and our need for death benefit vs. cash. Listen in and enjoy!

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The Infinite Banking Concept teaches us to be honest bankers, and that not only goes for paying the policy loan back plus interest; it also applies to you using money from savings, capital investments, and getting discounts on land rent or tractor use. In this episode, I go over why it's so important to be honest and record these expenses correctly.

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Today we have another awesome client interview for you! I am speaking with Ryan Murray. He and his wife Annie are organic dairy farmers in upstate New York. Ryan has studied economics for a long time and really understood IBC when he encountered it. He and his wife are putting it to full use on the farm. Listen in; you won't want to miss this!

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Today I discuss another chapter from Becoming Your Own Banker. Nelson talks about the fact that this concept is a change in mindset and not about a rate of return. It's about putting value on your own money and taking control of your personal finances. Yet again, we have another great example of why this is not just life insurance and why the policy is the tool. If you don't get this part down, you will not understand why you have the policy.

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Harvesting and hauling right to the elevator leaves nothing but stress and guessing. What I have found is if you have the right help marketing your grain and the right people explaining how to do it, then you will earn a profit. So many do not market; they just sell based on today's prices and emotions. Do what the successful farmers are doing. Tim Bickett, who's a branch manager with the Ag Risk Consulting Group, helps you understand the how, what, and why's of marketing.

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In this episode, we go over another chapter of Nelson Nash's book, "Becoming Your Own Banker". He talks about "the arrival syndrome" and how harmful it can be to think you know it all and have nothing to learn; it is the very thing that will keep you where you are and stop any growth. Even if you think I'm preaching to the choir about this, listen in for new angles on the importance of learning and how important it is to experiencing success with IBC and farming.

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In this episode, I tell you why we do not compare life insurance to investments. So many folks want to know rates of return, and when you study and implement the Infinite Banking Concept in its pure form, you understand why it is not comparable. Please listen in so you can understand liquidity, control, and guarantees.

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Those with the gold make the rules. If you want to be the one making the rules and be in control, you need to be the banker. You must capitalize your account so you have something to borrow from. This episode breaks down yet another step of what is needed to become your own banker.

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We have a choice to either see potential or not, to build each other up or to tear each other down. In this episode, I point out some different ways of challenging yourself to think and be an opportunist. Be ready for an opportunity and grab it. This does not mean you are a bad person, yet the fun suckers, negative Nellies, and keyboard warriors will come out of the woodwork to bring us all down. They can't see because they have arrival syndrome. Today, we are breaking the barriers of broken thought processes!

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Many do not understand how our tax system works in the U.S., so I share the very basics of what I know. Understanding this saves you money and puts things into perspective a little better for when you're thinking about buying things to avoid taxes.

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Society has led you believe that you should be broke because you farm for a living, that you should have to explain yourself if you have nice things, and that you should not have extra money for non-essentials or vacations. Why? Why shouldn't you? You run a business, and no one deserves an explanation for why you have what you have. In this episode, I share with you how silly this thought process is and why it needs to stop.

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This is my two cents on estate planning as an off-the-farm kid. I am not an expert, but when I see both sides, I always see some things being done foolishly, and I am always going to call them out. Guilt has been a longtime driver in the farming world; we need to stop feeling bad about things we can't change and change for the better whatever we can.

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Many people want to work with a local agent, and I understand why. If this is you, I will help answer some questions about why you want to have someone who knows IBC, why most mutual companies are good, and why you should make your money a priority over making someone else happy. It's a concept, not a sales tool.

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I go over two more chapters in Becoming Your Own Banker. I discuss Parkinson's Law and Willie Sutton's Law. You'll hear how human nature keeps us in slavery to material things and luxury and how the IRS is the biggest thief we have to contend with.

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I am not the expert on this, but I want to give you a few ideas of what to look for and how to think about starting your own operations. Many people are asking and saying they think it can't be done. It can, but just not overnight. There are plenty of ways to do it. Enjoy.

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I break down another chapter from Nelson's book, "Becoming Your Own Banker", and we talk about why we use dividend paying whole life, security of the company, best use for dividends, and how great it is to have guarantees.

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Listen in on another client interview and hear how Nate is navigating his operation with his family and using his IBC policy to hedge some cattle.

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Today I go over this chapter from Becoming Your Own Banker and break down what Nelson was trying to say. Opening a new bank is not easy; it takes capital and time, just as a life insurance policy does. When you own the bank, you can also destroy that bank by not being honest with your money. In this episode, I explain why and what can happen as a result.

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So much good information in this episode! Should you have a policy? When is the best time to buy? How will it be used? Who will own it? How much can you buy? How will it perform? This is a must-listen episode, and it should be shared with the entire family!

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We love to ask the professionals (like accountants, advisors, and attorneys) their opinions, because after all, they are the professionals. What I share in this episode is what you are asking them and what they are doing to educate themselves before having an opinion. Who is the expert on the matter? ...and how much effort are they putting into helping you?

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Meghan shares her experience with vetting me and the infinite banking concept before doing anything. She also shares her heart wrenching story of how she and her husband had to leave their farm and are now starting over from nothing. It's a great interview that a lot of you will be able to relate to.

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Nelson Nash would always talk about "the unseen", meaning, what can we do with our money that will produce an additional ROR above and beyond what the policy offers. I talk about this and why you should not get stuck on RORs.

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I received some good questions about if one can roll 401k money into a life insurance policy and if one can do a lump sum premium with that money. In this episode, I answer that question and more.

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"Be debt-free. Owe no one any money." We hear this all the time, but is that truly the best? I talk about if all debt is either good or bad, that cash flow is king, and you better be making enough of that to pay for your debt. You'll also get a few talking points on if you should have cash value loans and if that debt is good or bad. Tune in and enjoy!

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In this episode, I share my opinions on the market advice we get from others, "hang in there", the 10% "penalty", what is happening in the economy right now, and why it worries me.

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I am so excited to have my client, Randy Morris, on for today's podcast interview. Randy lives in Kansas and not only has some great insight on the Infinite Banking Concept, but he also speaks about how he is helping the next generation get started. This is a bit longer episode, but you will find it very informative!

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So many people think the only option to buy is by going to the bank and borrowing money. Many who want to sell don't sell because of capital gains and the lost income. In this episode, I go over other options of how to sell while reducing taxes, protecting the estate, and making it affordable for those taking over, along with other ideas of how to get started.

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So many people want to get this right the first time. They only want one policy that can do it all for their whole life. I talk about the fact that there is not a perfect plan out ther, we don't outline a plan on day one, and it's a continued learning experience. R. Nelson Nash said it's a system of policies. You will need more than one. Get over perfection and just get started!

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Before you go yelling at me, just take a minute to listen in and think about what is really happening in a low interest environment. Savers are being punished and spenders are out of control, and so are the banks. If Nelson could make it at 23%, why are we screaming when rates are 2-7%? Are we thinking long-term or short-term? I will discuss this all, and you'll get to hear my two cents, for what it's worth. Enjoy.

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In this episode, I talk about the upfront cost of starting a whole life policy and why we have a broken thought process and need to think long term. R. Nelson Nash talks about it in his book, "Becoming Your Own Banker"; we must THINK like a banker. We also must think like a business owner. I will share my thoughts with you, and yup, I get a little ornery in this episode.

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R. Nelson Nash suggests this in his book, and it’s a topic that has gotten lots of attention lately. I address my feelings about this and the need for patience in implementing this strategy.

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Mary Jo welcomes to the show her client, Austin Schultz, from Stewardson, Illinois, to discuss how he has used the Infinite Banking Concept to relieve stress within his hog farming operation and in his life in general.

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In this episode, I'll share with you how much money banks have in cash value in insurance policies and why it's so important for them to have it on their books. You'll also find out which household names are using and have used cash value insurance to start their businesses. Banks may not like farmers, but they really hate startup businesses. This pushes people to dig deep to find money to follow their dreams.

In this episode, I also suggest some extra reading material. Anything by Barry James Dyke is great. He has three books with a fourth on the way.

Hope you enjoy this episode and it shines a little light on the fact that IBC is a secure way to utilize money.

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In this episode, I interview my client, Geoff Pierce from Nebraska. Geoff has been a client since 2016, and you'll hear all about his thoughts in the beginning, how he's using the policy now, slowing moving his operating over to his policy, and setting himself up to pass it off without debt. Hope you all enjoy hearing from Geoff! He's a great student of the Infinite Banking Concept and is applying it so he can Farm Without the Bank.

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To help you better understand where Nelson Nash was coming from when he created the Infinite Banking Concept, I break down his five main principals. As you will see, these all truly tie together when you start to try to figure out what IBC really is. These same principals will guide you through the process as you get into using your policy. They may seem simple, but simple things can sometimes keep people from making a change... but they shouldn't!

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Warning: Today's podcast may offend you or just plan tick you off. As a farmer, rancher, or anyone in the ag industry, you want to be self-employed. You pride yourself on the fact that you have no one to answer to... but do you? Are you allowing the bank and the accountant to run your operation? ...or are you running your operation? I dive into this very subject in today's podcast and break the conditioned thinking that the bank should be looking out for you and helping you run your operation. I don't want you working for the bank any more than you want to work for the bank. Keep an open mind when listening. I think you will find this valuable.

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Get the answers to the most common objections I hear from clients, things I read online, and people passing by at farm shows. I am sure you have heard these objections yourself if you've tried to share about IBC, or perhaps you've thought them yourself if you haven't read the book yet. There are objections to everything in life; we just have to think things through before brushing off what could be the most effective thing we ever do financially.

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For no other reason, you may want to listen to this episode just to hear why Mary Jo is talking about people peeing in the pool. She will get into how money flows like water and blood, why you don't need to compartmentalize money like the gurus say, and how you need to think differently around money. Stop saying, "I can't," and start asking, "How can I?" It's a great episode and should make you think!

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In this episode, I talk about why IBC may sound too good to be true, why you haven't heard about this, and why I felt the same way when I came across this concept. It's truly a simple explanation, but it's profound, due to the fact that it was once known and widely used, but is now lost, due to the noise out there saying that we must chase rates of return.

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Don't get me wrong: taking loans is the best option in the policy, but I address why so many people think it's a money maker and why it's actually not. You will learn the difference between a loan repayment and a premium payment. In addition, you will understand being an honest banker and how that plays into creating wealth and keeping your company profitable.

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In this episode, I lay out when it may be wise to buy something to avoid taxes and when it may be wise to avoid buying things instead. There may be a self-check moment in here as well when I am talking about who's signing that final check for the purchase. Who is running your operation? You, the bank, or the accountant? It's a question you will be able to answer when you finish listening to this episode.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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!

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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.

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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.

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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.

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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.

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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.

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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.

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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!

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Farming Without the Bank Podcast: Recent Episodes

Mary Jo Irmen