Without the Bank Podcast: Recent Episodes
Mary Jo Irmen
The archaic system of giving up money today, taking on risk, and hoping to retire is B.S.
This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.
Most buyers never see the new construction tax trap coming โ until their mortgage jumps $800 overnight. Today we're breaking it all down with no fluff.
Mary Jo Irmen sits down with Jordan Nutter, VP of Creator Collective at NFM Lending, for a deep-dive on exactly what lenders don't volunteer โ from hidden fees and escrow traps to what you absolutely cannot do with your Social Security number before closing.
Whether you're buying your first home or your fifth, this episode will change how you approach your next mortgage.
๐ EPISODE BREAKDOWN:
0:00 โ Teaser: When a mortgage jumps $800/month 1:45 โ Meet Jordan Nutter (VP, NFM Lending) 4:00 โ First-Time Homebuyer 101: Is your rent already a mortgage? 7:00 โ The new construction tax trap most lenders exploit 11:25 โ Hidden lender fees: origination, discount points, what's real 15:00 โ How to compare lenders (and pick BEFORE going under contract) 17:00 โ Loan servicing & sold mortgages: what happens after you close 22:35 โ The Rocket Mortgage & realtor kickback warning 28:15 โ Escrow accounts: should you waive yours? 31:35 โ What NOT to do before closing (the SSN rule that saves your loan) 38:43 โ Jumbo loans explained 41:10 โ ARM loans: when they save you and when they destroy you 45:17 โ Assumable mortgages: the buyer's secret weapon right now 49:29 โ How to reach Jordan + free consultation
๐ FIND JORDAN NUTTER:
๐ฑ Instagram, Facebook, YouTube & TikTok: @anotherhomeloan ๐ฌ Free consultation (no charge for the call): schedule through her social profiles
๐ฉ CONTACT MARY JO: maryjo@withoutthebank.com
๐ New episodes drop weekly. Hit Subscribe so you never miss one.
#mortgage #firsttimehomebuyer #homebuying #withoutthebank #mortgagetips
Audio Production by Podsworth Media - https://podsworth.com
What should you do when a large sum of money suddenly comes your way?
In this episode of Without the Bank, Mary Jo Irmen explains pratical financial strategies and how to think through a lump sum from an inheritance, business sale, real estate transaction, oil or mineral income, death benefit, or other unexpected source of money.
Mary Jo compares different ways to structure and manage a lump sum, including IRAs, annuities, CDs, brokerage accounts, and properly designed life insurance. She discusses liquidity, taxes, market risk, required distributions, long-term care, future cash flow, and how your decisions may affect the money you leave to your heirs.
The central question is not simply, "Where should I put the money?" It is: "What is this money supposed to accomplish, and how can I structure it around my life, cash flow, and legacy goals?"
Mary Jo also shares examples involving oil income, inherited wealth, and a potential $17 million death benefit to illustrate why large sums require careful planning rather than an impulse purchase or a rushed investment decision.
Chapters 00:00 Don't Blow the Windfall 00:26 Welcome and Big Money Questions 00:52 What Counts as a Lump Sum 01:27 Small Windfalls and Premium Reality 03:17 Single Premium and Tax Tradeoffs 03:51 Oil Money and Irregular Income 05:29 Where to Park Extra Cash 11:05 Spending Traps and Lottery Lessons 12:47 Skepticism on High Return Promises 17:21 Why Life Insurance Wins Long Term 18:55 Long Term Care and Legacy Goals 21:18 Key Takeaways and Next Steps
๐ฉ Questions? Ideas for the show? Reach out: MaryJo@withoutthebank.com ๐ Grab the Life Without the Bank book and your BYOB book โ http://www. withoutthebank.com ๐๏ธ Know someone Mary Jo should interview? Send it her way!
#inheritanceplanning #windfall #financialplanning #businesssuccess #lumpsum #investments #infinitebankingconcept
What happens to your business if your partner dies tomorrow โ and you never had a plan?
In Episode 279, Mary Jo breaks down the two most overlooked protection tools every business owner and entrepreneur needs from day one: Buy-Sell Agreements and Key Man (Key Person) Insurance Policies.
Whether you're launching a new partnership, running a business with your spouse, or have a single key employee your company can't live without โ this episode is your wake-up call.
In this episode, Mary Jo covers:
- Why choosing a business partner is essentially like a marriage (and why you need to treat it that way)
- What a Buy-Sell Agreement actually is โ and why you need one before things go sideways
- How to use whole life insurance for partner buyouts using Infinite Banking
- Key Man insurance: what it is, who qualifies, and how it's valued
- Why your corporation should NOT own the policy (and the tax trap hiding inside)
- What happens to your business if a partner becomes uninsurable
- The "head in the sand" problem โ why spouses must be financially aware
- Real-world example: how Mary Jo structured her own cattle partnership agreement using ChatGPT
๐ This episode also includes a personal update on the WTB team!
๐ก If you're in a business partnership โ or about to enter one โ don't skip this episode.
๐ Schedule your appointment: maryjo@withoutthebank.com
#InfiniteBanking #BuySellAgreement #KeyManInsurance #BusinessPartnership #LifeInsurance #BusinessSuccessionPlanning #WealthBuilding #EntrepreneurFinance #WithoutTheBank #MaryJoIrmen
Chapters: 00:00 Life Insurance Red Flag 00:39 Podcast Updates 01:34 Why Partnerships Fail 04:25 Contracts Save Friendships 06:48 Marriage and Business Risks 08:25 Buy Sell Basics 09:56 Key Person Coverage 12:05 Who Should Own Policies 16:27 Family Must Stay Informed 19:10 Do It Before Trouble 21:56 Wrap Up and Next Steps
Most people read to check off a list. Mary Jo reads to implement โ and The Noticer by Andy Andrews is one of the books that changed how she connects with clients, leads her team, and shows up in every relationship she has.
In this episode, Mary Jo breaks down The Noticer and why every business owner should read it. The core idea is simple but powerful: people show you exactly how they want to be treated โ through what they do, what they give, and what they value. Are you paying attention?
In this episode:
- Why reading 52 books a year is worthless if you implement nothing
- How to apply love languages to your client relationships (and why it works)
- The art of noticing what your employees, clients, and family truly value
- Real-life examples: a baking friend, a Christmas party, and a broken septic pipe
- The book about difficult people that frustrated Mary Jo โ and why she doesn't recommend it
- Why you're allowed to quit a book that's not serving you
Books mentioned: The Noticer โ Andy Andrews The Noticer Returns โ Andy Andrews The Traveler's Gift โ Andy Andrews
๐ฉ Questions? Ideas for the show? Reach out: MaryJo@withoutthebank.com ๐ Grab the Life Without the Bank book and your BYOB book โ http://www.withoutthebank.com ๐๏ธ Know someone Mary Jo should interview? Send it her way!
Chapters: 00:00 Read to Apply 00:41 Podcast Intro 01:16 Why I Review Books 02:08 Why The Noticer Rocks 03:18 Notice People Better 04:26 Gifts and Gratitude 06:49 Business and Employees 10:23 Respect in Marriage 11:51 Matching Client Style 14:10 Bad Books and Quitting 16:48 Reading Without Racing 17:55 Wrap Up and Requests
Got questions about the Infinite Banking Concept? Tarisa breaks down the most frequently asked questions about IBC โ straight answers, no fluff.
In this episode of the Without the Bank Podcast, Tarisa covers everything from insuring your kids first and legacy coverage, to what happens if you miss premiums, how cash value actually grows uninterrupted even while your money is out on a loan, and how to read your policy illustrations like a pro. Whether you're brand new to infinite banking or have been sitting on questions for months โ this is the episode for you.
Topics covered include: uninsurable family members, age limits for coverage, the truth behind policy loans, and why so many people think infinite banking sounds "too good to be true" โ and what the real answer is.
๐ Get Becoming Your Own Banker & Life Without the Bank: https://www.withoutthebank.com/book
#InfiniteBanking #InfiniteBankingConcept #WithoutTheBank #InfiniteBankingExplained
Mary Jo Irmen and Tarisa Shelton break down the top 5 money beliefs that silently hold people back from building real wealth โ and share the wealth mindset shifts that will actually change your financial future.
Whether you're focused on personal finance, retirement planning, or developing a true wealth mindset, how you think about money determines everything. This isn't mainstream financial advice โ it's the financial education most people never get, challenging everything you've been told about money management, cash flow, and wealth creation.
If you're struggling with money mindset, wondering why your income never feels like enough, or questioning whether debt is really "normal," this episode is for you.
๐ Topics include: personal finance tips, wealth building, financial planning, how to use cash flow strategically, why your business or 401k alone isn't a retirement plan, and how to develop a success mindset around money โ not just earn more of it.
Chapters: 00:00 Wealth Mindset Shift 00:32 Podcast Kickoff 01:11 Number One - "More Income Will Solve My Money Problems" 08:52 Number Two - "Debt is Just a Normal Part of Life" 10:26 Number Three - "My Business is My Retirement Plan" 16:21 Number Four - "Cash is a Waste If Not Invested" 20:15 Number Five - "Money is The Goal, Instead of a Tool to Create Freedom and Security" 22:56 Reading Beyond Mainstream 27:18 Implementation Over Knowledge 28:02 Caffeine Ban Outro
What if your family stopped sending money to the bank โ and started building your OWN banking system instead?
In this episode, Tarisa walks through a REAL 3-generation infinite banking case study: a Tennessee farming family where grandpa, son, and grandson all have policies working for them simultaneously.
Here's what the numbers actually show: ๐ Grandpa (started in his 50s): Paid $533K โ $774K in cash value + $979K death benefit ๐ Son (started in his mid-20s): Paid $357K โ $1.17M in cash value + $1.4M death benefit ๐ Grandson (policy started before age 2): Paid ~$100K โ $582K in cash value + $703K death benefit
TOTAL: ~$991K paid in premiums โ $2.5M+ in accessible cash value
This is what the infinite banking concept looks like across generations โ a self-sustaining family ecosystem of tax-advantaged, contractually-guaranteed, compounding wealth.
In this episode: โ Real numbers from a real family (no fluff) โ Why it's NOT too late to start in your 50s โ The power of starting a policy on your child before age 2 โ How inherited death benefits get recycled into the NEXT generation's policies โ Why storing money in a properly structured whole life policy beats a bank account
๐ Subscribe Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book
0:00 The Numbers That Started It All 0:31 Welcome to Without the Bank 0:47 How Banks Get Rich Off Your Family 2:27 Meet the Tennessee Farming Family 4:46 Setting Up a 3-Generation Banking System 7:19 How Infinite Banking Policies Actually Work 8:35 Generation 1: Grandpa (Starting in His 50s) 10:00 Generation 2: The Son (Starting in His 20s) 11:07 Generation 3: The Grandson (Before Age 2) 12:06 The Legacy Transfer: What Happens When Grandpa Passes 13:14 Total Numbers: $991K Paid โ $2.5M in Cash Value 14:40 How to Get Started (Any Budget) 15:49 Building a Family Cash Ecosystem 18:00 Guaranteed Growth & What Happens at Age 121 18:48 Final Thoughts & How to Reach Tarisa
Is Infinite Banking too good to be true? We're answering the hardest IBC questions every entrepreneur asks.
In this episode of Without the Bank, Tarisa takes over the mic to tackle the most common (and controversial) questions about the Infinite Banking Concept. From "What's the rate of return?" to "Why is whole life so expensive?" and "Is my money actually safe?" โ she breaks down what every business owner needs to know before starting IBC.
If you've ever wondered whether whole life insurance is worth it, how quickly you can access your cash value, or how IBC compares to keeping money in a bank, this episode has your answers.
โฑ๏ธ Chapters: 0:00 โ Intro & A Word from 80-Year-Old Tarisa 1:12 โ What's the Rate of Return? It's a Formula, Not a Number 3:13 โ Death Benefit vs. Cash Value Explained 4:08 โ Why Is Whole Life So "Expensive"? (Term vs. Whole Life vs. IUL) 7:49 โ How Long Do I Have to Pay Premiums? 8:45 โ How Soon Can I Access My Cash Value? 9:43 โ Is My Money Safe? Banks vs. Life Insurance Companies 13:51 โ Mary Jo's Historic Milestone & Final Thoughts
๐ Get Becoming Your Own Banker & Life Without the Bank: https://www.withoutthebank.com/book
The expertise of your financial advisor is paramount. A truly effective advisor asks insightful questions about your entire financial management journey, including your generational wealth planning. They should act as a coach, guiding you on how to create consistent cash flow and implement sound wealth building strategies for the long term. This personalized financial planning approach is key to securing your family's future.
Stop worrying about policy splits and company brands. Your agent is what actually matters. Mary Jo and Trissa break down why these debates are a distraction โ and why the single most important decision you'll make is who you choose as your agent.
In this episode, we cover: โข Why policy structure debates are missing the point โข Whole life vs universal life: what actually matters โข The Toyota/Honda analogy โ and why how you drive beats what you drive โข Why One America works for farmers and blue collar families โข The widow story that proves why proper coverage matters โข How to spot an agent who will actually coach you
๐ Subscribe here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.withoutthebank.com/book
โฑ Chapters 00:00 โ Intro: What really matters in infinite banking 01:13 โ Why policy splits (10/90, 60/40) don't matter 04:14 โ The best policy is the one you get started 06:03 โ Whole life vs universal life explained 08:24 โ Toyota vs Honda: why company brand isn't everything 10:50 โ Why One America fits farmers & blue collar 14:28 โ How you drive matters more than what you drive 16:30 โ The widow story: why proper coverage matters 18:35 โ Stop shopping for insurance โ shop for the agent 21:10 โ Don't just read โ implement 22:42 โ Final takeaway: find your coach
Link Mentioned: https://www.withoutthebank.com/book
Is your 401k employer match really free money? We break down how the match actually works and what nobody tells you.
We're diving into the critical topic of retirement planning, specifically addressing the volatility of investments like 401ks. If you're concerned about market dips impacting your retirement savings, we explore alternative strategies. It's about ensuring your financial planning prioritizes accessibility and security for your future and your family, considering options beyond traditional investing.
๐ Find more Without the Bank here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.withoutthebank.com/book
Welcome to the fifth and final installment in our 401k Half-Truths series. Today we're pulling back the curtain on the employer match โ how it really works, what you're actually getting, and whether that "free money" is worth locking up your cash until age 59ยฝ (or 73 for RMDs).
We cover: โข How automatic 401k enrollment quietly traps employees โข The real math behind employer matching (100% up to 6% isn't what you think) โข What to ask your employer instead of the 401k match โข The "bucket with holes" analogy โ why your finances keep leaking โข The 4 bases of financial flow (home base = your policy) โข Why the match often gets eaten by management fees anyway โข Memory dividends vs. delayed life โ the Die With Zero mindset
Chapters 0:00 โ A 401k Is Not Guaranteed 0:50 โ Automatic Enrollment: My Husband's Story 3:00 โ Ask for the Match as a Bonus Instead 4:15 โ How Employer Matching Actually Works (The Math) 5:45 โ The Bucket With Holes Analogy 7:30 โ Becoming an Honest Banker 10:14 โ The 4 Bases of Financial Flow 13:30 โ Die With Zero & Memory Dividends 15:15 โ Make a Strategy Appointment
๐ Mentioned in this episode: Die With Zero by Bill Perkins Becoming Your Own Banker by Nelson Nash
๐ Ready to take control? Read the book & schedule a strategy appointment and let's find out if a policy makes sense for you. ๐ https://www.withoutthebank.com/book
๐ Subscribe for more episodes on living without the bank, infinite banking, and financial freedom.
Your 401k says 25% average return โ but your actual return could be zero. Here's the math.
๐ Find more Without the Bank here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.withoutthebank.com/book
Part 4 of the 401k Half-Truths series breaks down the biggest illusion in retirement planning: average vs actual returns. You've probably heard your 401k grows "5-10% on average" โ but that number hides a painful truth. Tarisa walks through a real math example that shows how a 25% average return can equal a 0% actual return, shares her own mom's experience of having less in her 401k than she contributed, and poses a simple question: would you take a deal where someone tells you how much to give them, charges you fees even when they lose your money, locks your money away, and penalizes you for needing it early? That's essentially what a 401k is. If you're contributing the max to your 401k, you need to understand the difference between inputs and outputs โ how much you've actually put in versus what you can actually access. There are alternatives that aren't subject to market risk. This episode is about empowering you with information to make better decisions for your future.
โฑ๏ธ Chapters 0:00 - The Problem with 401k "Average Returns" 0:42 - 401k Half-Truths Part 4: Average vs Actual 1:30 - The 25% Average, 0% Actual Math Example 3:47 - My Mom's 401k Story 5:15 - How Losses Destroy Growth 6:30 - Global Economy Risk: Tariffs & Inflation 7:47 - Why Actual Return Matters More Than Average 8:50 - The 401k Deal Nobody Would Take 10:14 - Inputs vs Outputs: Audit Your 401k 11:35 - Seed vs Harvest: The Tax Trap 12:03 - Simulate Your Portfolio's Past Performance 12:34 - Guaranteed Alternatives & Final Thoughts
#personalfinance #retirementplanning #retirement #compoundinterest #401k
๐ Books Mentioned: โ Life Without the Bank โ Becoming Your Own Banker by Nelson Nash ๐ Get them here: https://www.withoutthebank.com/book
๐ง Questions? Reach us at maryjo@withoutthebank.com or tarisa@withoutthebank.com ๐ Learn more at http://www.withoutthebank.com
What happens to your family the day you're gone โ not financially, but humanly?
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book
In this episode, I share what I learned after delivering my first death claim, and after seeing what widows are saying on social media about the reality of losing a spouse. "Widow brain" is real โ the brain fog, the inability to concentrate, the struggle to return to work. FMLA may only give you 3 days to grieve. And that $100,000 life insurance policy? It might not even cover two years of bills. So, how much life insurance do you need?
Whether you can afford whole life or only term right now โ get enough life insurance to give your family at least two years of cash flow. Two years to grieve. Two years to figure it out. Two years without having to sell the house or go back to work before they're ready.This episode is a wake-up call for anyone who's been putting off life insurance or lowballing their death benefit. Don't wait until it's too late.
0:30 โ The "TikTok Algorithm of Widows" โ what I learned 1:30 โ FMLA and the 3-day grieving reality 3:00 โ "Widow Brain" โ why surviving spouses can't just go back to work 4:00 โ How adequate life insurance lets widows quit and mourn 5:00 โ My first death claim changed my perspective 7:00 โ "She doesn't need much coverage" โ why that's dead wrong 8:30 โ FMLA limitations and employer compassion gaps 10:00 โ How a parent's death affects children's grieving 11:00 โ Why $100K isn't enough โ you need 2 years of cash flow 12:00 โ Only 2 out of 75 widows mentioned life insurance 13:00 โ It's about priorities, not affordability 13:30 โ A friend's tragic story: widowed at 31 16:00 โ Why spouses need to be involved in the finances 17:00 โ Final call: the death benefit matters as much as cash value
๐ Books Mentioned: โ Life Without the Bank โ Becoming Your Own Banker by Nelson Nash ๐ Get them here: https://www.withoutthebank.com/book
๐ง Questions? Reach us at maryjo@withoutthebank.com ๐ Learn more at http://www.withoutthebank.com
Paul Atkins owns 54 life insurance policies โ and it reveals everything financial gurus miss.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
The SEC Chairman's financial disclosure shocked professors at Florida State, Illinois State, and the University of Georgia. But for anyone who understands permanent life insurance, it made perfect sense.
In Episode 269 of Without the Bank, we break down exactly what the "experts" got wrong โ and what Paul Atkins, the Rockefellers, and high-net-worth families have known for generations.
๐ก Key Takeaways โ Why permanent life insurance is NOT just a death benefit โ How cash value grows tax-deferred and is accessed income-tax-free through loans โ How to use your policy as collateral while keeping your compound interest uninterrupted โ How life insurance is used for estate planning and generational wealth transfer โ Why the Infinite Banking Concept works โ and why most financial media ignores it โ Why this strategy isn't just for the ultra-wealthy โ it works for everyday people too
Paul Atkins holds $32.7 million in life insurance โ roughly 10% of his $327 million net worth. When financial professors call that "confusing," it tells you everything about the gap between credentialed advice and real wealth strategy.
๐ Chapters 0:00 โ Paul Atkins' 54 Life Insurance Policies 1:00 โ Who Is Paul Atkins? 3:00 โ What Financial Professors Got Wrong 5:00 โ The Truth About Cash Value vs. Death Benefit 7:00 โ Is Life Insurance Only for the Wealthy? 9:30 โ Estate Planning & Advanced Strategies 12:00 โ Life Insurance as a Liquidity Tool 14:00 โ The Rockefeller Wealth Strategy 16:30 โ Why the Media Gets It Wrong 18:00 โ Why Nobody Teaches This 20:30 โ What You Should Do Next
๐ Books Mentioned: โ Life Without the Bank โ Becoming Your Own Banker by Nelson Nash ๐ Get them here: https://www.withoutthebank.com/book
๐ง Questions? Reach us at maryjo@withoutthebank.com ๐ Learn more at http://www.withoutthebank.com
The 401k access rules they never taught you โ RMDs, hardship withdrawals, loans & hidden costs.
๐ More Without the Bank Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
In this episode, Tarisa breaks down the third half-truth of 401k plans: access and distribution. The rules around when and how you can touch your own retirement money are far more restrictive than most people realize โ and ignoring them could cost you thousands.
In this episode: โ Required Minimum Distributions (RMDs) โ why the government forces withdrawals at 73, even if you don't need the money โ Hardship Distributions โ the only 5 qualifying events that avoid the 10% early withdrawal penalty โ 401k Loans โ the repayment rules, what happens if you leave your job, and the hidden opportunity cost โ Inherited 401k โ what your beneficiaries actually owe in taxes when they inherit your account โ Whole Life Insurance โ how it offers uninterrupted compounding and flexible access as an alternative
This is Part 3 of our series on the Top 5 Half-Truths of 401k. Don't miss it.
๐ก Key Ideas 1. RMDs force withdrawals at 73 โ ready or not. The IRS mandates distributions starting at age 73 to collect deferred taxes. Even if you don't need the money, you're required to take it โ and it can push you into a higher tax bracket.
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Only 5 events qualify for a penalty-free hardship distribution. Medical expenses, primary home purchase, eviction/foreclosure prevention, funeral costs, and primary residence repairs are the only IRS-approved exceptions to the 10% early withdrawal penalty.
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401k loans carry more risk than most people know. You can borrow up to $50,000, but if you leave your job, the balance may be due in as little as 60โ90 days. Miss the deadline and it's reclassified as a taxable distribution โ plus a 10% penalty.
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The real cost of a 401k loan is the compounding you miss. Money borrowed from your account stops earning. It's not just the interest โ it's the opportunity cost of interrupted growth over time.
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Whole life insurance (especially when structured for Infinite Banking) lets your money work while you borrow. Unlike a 401k loan, policy loans use the insurance company's money โ your cash value keeps earning uninterrupted compound interest the entire time.
Chapters 0:00 - Introduction & Series Overview 1:33 - Required Minimum Distributions (RMDs) 2:34 - Hardship Distributions & Qualifying Events 3:30 - 401k Loans: Rules & Repayment 6:00 - The Hidden Opportunity Cost of 401k Loans 8:04 - Inherited 401k Tax Rules 8:35 - 401k Limitations Recap 12:30 - Whole Life Insurance as an Alternative 16:30 - Wrap-Up & Next Episode Preview
๐ Ready to build a strategy that actually works for you? ๐ Get the book here and schedule your call with Tarisa or Mary Jo โ https://www.withoutthebank.com/book
Gross income is a sales pitch. Net income is the truth. Here are the questions you need to ask.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
Everybody's talking about how much money you CAN make. Nobody's talking about how much you actually KEEP. Let's fix that. In this solo episode, Mary Jo breaks down the gross vs. net income trap that catches new and experienced business buyers alike. Using real-world examples โ tote rental businesses, car washes, Jiffy Lube franchises, and Airbnb โ she walks through the questions you MUST ask before you fall in love with a business opportunity.
Here's what you'll learn: โ Why most business owners quote gross โ and why it's almost meaningless โ The "un-fudged" net income question that reveals the real picture โ How to factor in owner draws, distributions, and personal expenses run through the business โ Why a $100K/year tote business might not be worth your time when you calculate the hourly rate โ What a car wash owner told MJ that instantly killed her interest ("it's like having milk cows") โ The difference between buying a job and building an asset
If you're evaluating a business to buy, a side hustle, or a "passive income" opportunity โ this episode is your due diligence checklist.
๐ Get the book: https://www.withoutthebank.com/book ๐ Subscribe for new weekly episodes ๐ Share this video with someone you love ๐ง Reach out with your questions or what you want to learn in future episodes
Website: https://www.withoutthebank.com ๐ Email: maryjo@withoutthebank.com
Is debt-free the wrong goal? Discover how your life insurance policy works like your own bank.
Most people spend their lives chasing "debt-free" โ but what if that's the wrong goal entirely?
Today MJ and Tarisa break down the infinite banking concept โ showing you how a whole life insurance policy can work as your own personal bank. Route your money through your policy, borrow against it for everyday expenses, and let compound interest work for you around the clock โ even while you're spending.
In this episode, you'll learn: โ Why "debt-free" doesn't equal financial security โ cash flow does โ The baseball analogy that rewires how you think about your money โ How policyholders end up $2 million ahead of the cash payer over a lifetime โ Real-life examples: vehicles, private school tuition, braces, sporting events โ Why your whole life policy is simpler to understand than your 401k โ How to stop fearing the "sales conversation" and start getting real answers
๐ฌ "We either pay interest or we give up the ability to earn interest." โ Nelson Nash ๐ Referenced: Becoming Your Own Banker by Nelson Nash
โฑ๏ธ Chapters 00:00 Introduction โ Is "Debt-Free" Actually the Goal? 01:03 The Baseball Analogy: Your Policy as Home Base 02:41 Why People Struggle with "Premium" and "Loan Repayment" 05:28 Borrowing vs. Paying Cash: The Savings Account Comparison 06:28 Uninterrupted Compound Interest Explained 08:06 Funneling Everyday Expenses Through Your Policy 09:39 Why Most People Can't Wrap Their Head Around It 11:00 Redirecting Existing Loan Payments Into Your Policy 12:00 "Caught, Not Taught" โ Real-Life Policy Examples 14:24 The Debt-Free Myth: Cash Flow Is King 15:34 Cash Payer vs. Policyholder โ The $2 Million Outcome 16:56 Borrowing Wisely: What Loans Should Be For 18:00 Why the Policy Is Simpler Than a 401k 19:39 Overcoming the Fear of Being "Sold" 22:59 The "Before Asset" Concept & Next Steps
๐ Ready to see your own numbers? Get the books & schedule a strategy session โ https://www.withoutthebank.com/book
๐ Email: tarisa@withoutthebank.com ๐ Email: maryjo@withoutthebank.com
$168,000. Gone.That's what most parents spend on youth sports โ no savings, no scholarship, no return.
Are you spending $12,000 a year on your kids' sports โ and have nothing to show for it? Most parents will drop $168,000 per child on activities, travel, and gear over 14 years โ money that quietly disappears instead of building your retirement.
In this episode of Without the Bank, I'm breaking down the strategy that changes everything: how to funnel your kids' activity spending through a whole life insurance policy so that money builds wealth instead of draining it.
We cover: โฎ Why the "scholarship strategy" is a financial myth most parents fall for โฎ The exact numbers: how $12,000/year becomes $367,000 in cash value over 21 years โฎ Why the infinite banking concept beats a 529 plan for most families โฎ The hidden restrictions in 529 plans that financial advisors don't warn you about โฎ How to use this strategy to fund college, a car, or even your child's first business
Your kids don't have to drain you. They can actually help you build.
โฑ๏ธ Chapters: 00:00 The $168,000 Problem No One Talks About 01:00 How the Math Actually Breaks Down 03:00 The Smarter Way to Fund Sports 04:00 Policy Numbers: $252K In, $367K Out 05:00 How Cash Value Grows Over Time 06:00 The Scholarship Myth (And What It Actually Costs) 07:00 What Youth Sports Are Doing to Your Retirement 09:00 Why 529 Plans Fall Short 11:00 Rethinking How You Use Your Money 12:00 The $900 Wrestling Tournament Story 13:00 Bad Coaches and What Sports Really Teach 14:00 Individual vs. Team Sports โ A Different Take 15:00 Teaching Kids to Stand Up for Themselves 16:00 What If Your Kid Started a Business Instead? 17:00 How to Get Your Own Strategy
๐ Subscribe for more honest conversations about personal finance, retirement planning, and financial education that the mainstream doesn't cover ๐ง Reach out with your questions for future episodes
Website: https://www.withoutthebank.com ๐ Email: tarisa@withoutthebank.com ๐ Email: maryjo@withoutthebank.com
๐ Get the book: https://www.withoutthebank.com/book
Your 401k could lose over HALF its value before you retire โ and nobody's telling you this.
In Part 2 of our 401k Half-Truths series, we break down the one thing your financial advisor doesn't want you to think about: taxes you don't control yet.
Here's the uncomfortable truth. The U.S. national debt just hit $39 trillion โ that's roughly $114,000 owed per every American citizen. Someone has to pay that back. And if you're parking your retirement savings in a tax-deferred account like a 401k, you're betting your future on tax rates staying where they are. That's a gamble most people don't even know they're making.
We walk through a real case study: Joe, 35, with $100K salary, $50K already saved, and 30 years to grow his 401k. On paper? A projected $3.2 million. After management fees? Down to $2 million. Add in future income taxes? He's actually looking at $1.3 million. That's not a typo โ that's how much "tax-deferred" can cost you.
๐ We also cover: โ The difference between tax-deferred and tax-free (most people confuse them) โ Why the government incentivizes you to use a 401k โ and who really benefits โ The history of income tax in America (it started as "temporary" in 1861) โ $48.1 trillion sitting in U.S. retirement plans โ and what that means for lawmakers โ When a 401k actually does make sense for your situation โ Why access and control matter just as much as growth in retirement planning
๐ก Are you on track for the retirement you actually want โ or the one you were sold?
โฑ๏ธ Chapters 00:00 โ The Tax Question Most People Ignore 01:00 โ National Debt & What It Means for You 02:30 โ The History of Income Tax 04:00 โ What Tax-Deferred Really Means 05:30 โ Breaking Down the 401(k) Example 07:00 โ Fees + Taxes = Major Reduction 08:30 โ Control, Access, and Flexibility 10:00 โ Who a 401(k) Might Work For 12:00 โ Real-Life Examples & Missed Opportunities 14:00 โ Know the Rules Before You Play
๐ Subscribe for more honest conversations about personal finance, retirement planning, and financial education that the mainstream doesn't cover ๐ Share this episode with someone relying on a 401(k) ๐ง Reach out with your questions for future episodes
Website: https://www.withoutthebank.com ๐ Email: tarisa@withoutthebank.com ๐ Email: maryjo@withoutthebank.com
๐ Get the book: https://www.withoutthebank.com/book
Most families don't realize the true cost of losing a loved oneโuntil it's too late.
๐ Follow Without the Bank here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book
Death benefit is often overlooked, minimized, or misunderstoodโbut it is one of the most critical components of a sound financial strategy.
In this episode, Mary Jo shares real-life experiences from delivering death claims and explains why life insurance is not a luxuryโit's a necessity. She walks through the emotional and financial realities families face after a loss, and why simply "covering expenses" is not enough.
From the hidden workload inside a household to the long-term impact on cash flow, this conversation challenges the common belief that "they'll be fine" without proper coverage.Whether you're a business owner, parent, or spouse, this episode will shift how you think about responsibility, protection, and planning.
๐ Key Takeaways: ๐ธ Why death benefit is essentialโnot optional ๐ธ The hidden financial and operational gaps left behind after loss ๐ธ Why paying off debt isn't always the right first move ๐ธ How death benefit creates stability and cash flow during transition ๐ธ The risks of underestimating your economic value within a household
โฑ๏ธ Chapters: 00:00 โ Why GoFundMe Shouldn't Be the Plan 01:00 โ Real Stories from Delivering Death Claims 02:00 โ The Dangerous Myth: "They'll Be Fine" 04:00 โ What Actually Breaks Down in a Household 06:00 โ Financial Roles You May Not Even Realize Exist 08:00 โ The Emotional and Financial Shock of Loss 10:00 โ Why Paying Off Debt Can Backfire 12:00 โ Cash Flow vs. Lump Sum Decisions 14:00 โ Life Insurance Is a Necessity, Not a Luxury 16:00 โ The Reality of Unexpected Death
๐ง Reach out with your questions for future episodes
Website: https://www.withoutthebank.com ๐ Email: tarisa@withoutthebank.com ๐ Email: maryjo@withoutthebank.com
The hidden 401(k) fees quietly eroding your retirement by hundreds of thousands.
๐ Follow Without the Bank here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book
Most people trust their 401(k) to carry them through retirementโbut few understand what it's actually costing them. In this episode, we kick off a new series breaking down the biggest 401(k) half-truths, starting with one of the most overlooked factors: management fees.
You'll learn how these fees are structured, why they're often hidden, and how they impact long-term compounding. More importantly, we challenge the assumption that account value equals retirement securityโand highlight why access, control, and financial education matter just as much as growth.
If you're relying on a 401(k) for your future, this is a critical starting point for understanding the full picture.
๐ Key Takeaways ๐ธThe origin of the 401(k) and why risk shifted to employees ๐ธThe three types of management fees inside most plans ๐ธHow a 2% fee can reduce a portfolio by over $1 million ๐ธWhy average returns don't reflect real market performance ๐ธThe difference between saving habits and true wealth building ๐ธHow limited access impacts financial opportunity
โฑ๏ธ Chapters 00:00 โ Introduction and Series Overview 01:00 โ Why People Trust 401(k)s 02:30 โ The History of the 401(k) 04:30 โ Breaking Down Management Fees 06:00 โ Real-Life Example: 30-Year Projection 08:30 โ Employer Match Explained 10:00 โ The True Cost of Fees 11:30 โ Compounding Disruption Explained 12:30 โ Rethinking Retirement Strategy 15:00 โ Episode Recap
๐ Subscribe for the full 401(k) Half-Truths series ๐ Share this episode with someone relying on a 401(k) ๐ง Reach out with your questions for future episodes
Website: https://www.withoutthebank.com ๐ Email: tarisa@withoutthebank.com ๐ Email: maryjo@withoutthebank.com
Paying cash feels responsible. It feels safe. But what if paying cash is actually costing you millions of dollars over your lifetime?
Using a simple long-term example, Tarisa compares two financial environments over a 50-year period: โข Saving and paying cash from a traditional savings account โข Using a properly structured whole life insurance policy as a banking system The difference is dramatic.
By walking through the numbers step-by-step, she shows how the same inputs can lead to drastically different financial outcomes simply by changing where money is stored and how it flows.
This episode is especially for those who believe in the "pay cash for everything" philosophy. Tarisa shares her own journey from being a strict pay-cash advocate to understanding the power of uninterrupted compound interest and ownership.
If you've ever wondered why Infinite Banking challenges the traditional "pay cash" mindset, this episode explains the math behind it.
Key Takeaways: โข Why paying cash interrupts your money's compounding potential โข The concept of opportunity cost and how it impacts long-term wealth โข How banks profit from storing, lending, and financing money โข The difference between being a bank customer vs. a bank owner โข Why uninterrupted compound interest changes the outcome โข How the same financial behavior can produce dramatically different results depending on the environment
Chapters: 00:00 Introduction 01:00 Why paying cash may not be the best strategy 03:00 The 50-year financial example explained 06:30 Savings account vs. whole life policy comparison 09:00 Financing purchases and the role of interest 12:00 Understanding opportunity cost 16:00 Why paying cash interrupts compounding 19:00 Ownership vs. being a customer 21:00 How banks make their profits 22:30 Final thoughts
๐ Want help structuring your own banking system? Buy the book, read it, and then schedule a strategy call with our team today.
๐ Read the chapter. Run the numbers. Don't overcomplicate it.
Links Mentioned
Without the Bank: https://www.withoutthebank.com
Contact: maryjo@withoutthebank.com tarisa@withoutthebank.com
Buying a home with little or no money down sounds like the perfect shortcut to homeownership.
But what most young buyers don't realize is that many "down payment assistance" programs are actually loans disguised as help โ and they can create serious financial problems if you don't understand how they work.
Mary Jo shares recent conversations with young potential clients who were approved for mortgages despite having little to no savings. The reality? Many of these programs include second liens, PMI, and repayment rules that buyers often don't discover until it's too late.
Tarisa also shares her own experience using a down payment assistance program โ including what worked, what she didn't understand at the time, and why the real estate environment today is very different than it was just a few years ago.
Together they unpack:
- How down payment assistance actually works
- Why selling your home early can cost you thousands
- The hidden costs of PMI and low-equity mortgages
- Why renting can sometimes be the smarter financial move
- The dangers of financial advice from social media
- Questions every first-time homebuyer should ask before signing a mortgage
Homeownership can be a powerful wealth-building tool โ but only when you understand the numbers and the long-term commitment.
Before you sign a mortgage, make sure you understand exactly what you're getting into.
Key Takeaways:
- "No money down" usually means you're borrowing the down payment
- Many assistance programs place a second lien on your home
- PMI can add hundreds of dollars per month that builds no equity
- If you sell too soon, you may owe money just to get out of the house
- Renting while saving can sometimes be the better financial strategy
- Social media rarely talks about the real risks of homeownership
Chapters: 00:00 Introduction 02:00 The reality behind no-money-down mortgages 05:30 What down payment assistance really is 09:00 Understanding PMI and second liens 13:30 The real costs of owning a home 18:00 When renting makes more financial sense 22:30 Why social media gives incomplete advice 26:00 Questions to ask before buying a house 30:00 Final thoughts
๐ Want help structuring your own banking system? Buy the book, read it, and then schedule a strategy call with our team today.
๐ Read the chapter. Run the numbers. Don't overcomplicate it.
Links Mentioned:
Without the Bank: https://www.withoutthebank.com Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1
Contact: maryjo@withoutthebank.com tarisa@withoutthebank.com
Is a college degree actually worth the cost โ or are parents sacrificing their financial future so their kids can party for four years?
In this episode, we finish the final two chapters of Becoming Your Own Banker by R. Nelson Nash, starting on page 75 with a hard look at the monetary value of a college degree โ and ending with a powerful discussion on what to do if you're uninsurable.
We challenge the deeply ingrained belief that everyone deserves a college education, unpack why the cost of college has exploded faster than inflation, and expose how parents are quietly taking on decades of student loan debt for degrees their kids may never need โ or use.
We also explore alternative paths: mentorship, real-world experience, vocational skills, and how Infinite Banking can be used intentionally if you do decide to help pay for college โ without sacrificing retirement or generational wealth.
Finally, we close the book study with an often-overlooked question: What if I'm uninsurable? Nelson Nash's own story proves that Infinite Banking doesn't stop โ it simply shifts to another life and continues building wealth for future generations.
This episode isn't anti-education โ it's pro-thinking.
๐ก Key Takeaways
โ Why college costs have risen faster than inflation โ and who benefits โ The hidden retirement cost of paying cash for your kids' education โ Why "the college experience" may be the most expensive party you'll ever fund โ How mentorship and real-world learning can outperform formal degrees โ How to use Infinite Banking to fund education without breaking your future โ What to do if you're uninsurable โ and why the concept still works โ How Nelson Nash built generational wealth even after becoming uninsurable
โฑ Chapters
(00:00) โ Do Kids Really Need a College Degree? (01:00) โ The Monetary Value of a Degree (Page 75) (03:00) โ College vs. Critical Thinking (05:00) โ Parents, Student Loans & Retirement Fallout (07:30) โ Paying for College the "Right" Way (09:00) โ Mentors vs. Professors (12:00) โ What If You're Uninsurable? (14:00) โ Using Other Lives to Continue Infinite Banking (16:30) โ Nelson Nash's Personal Story (18:30) โ Final Thoughts on Education & Wealth
๐ Schedule an appointment with our team ๐ Subscribe for more Becoming Your Own Banker breakdowns ๐ Share this episode with a parent questioning the college path
๐ Links Mentioned
๐ Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.farmingwithoutthebank.com/book
Are "cheap" bank loans really cheap? And are you asking the wrong question about the rate of return?
In this episode, we break down pages 68โ70 of Becoming Your Own Banker and uncover the hidden cost of acquisition, why chasing higher returns misses the point, and how Infinite Banking can create true generational wealth.
๐ Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen... ๐ Get the book: https://www.farmingwithoutthebank.com/book...
If you've ever wondered:
"Can I get a higher rate of return somewhere else?"
"Why not just use a bank at 2%?"
"Should I buy life insurance for my grandkids?"
This episode answers all of it โ and flips conventional thinking upside down.
๐ก Key Takeaways: โ The real cost of a loan isn't just the interest rate โ it's the cost of acquisition โ Infinite Banking is about how you finance, not what investment earns the most โ You can use policy loans as an "AND asset" strategy โ Generational wealth requires education and intentional structure โ Death benefit can create a self-sustaining family banking system
When properly structured, this system doesn't end with you โ it continues for generations.
โฑ Chapters: (00:00) โ Buying Life Insurance on Grandkids (01:04) โ The True Cost of Acquisition (05:06) โ "Can I Get a Higher Rate of Return?" (07:42) โ Using Policy Loans as an AND Asset (08:08) โ Building Generational Wealth (10:57) โ Creating a Self-Sustaining Family Bank
If you're ready to stop chasing rates of return and start controlling the banking function in your lifeโฆ
๐ Schedule an appointment with us ๐ Subscribe for more Infinite Banking breakdowns ๐ Share this with someone serious about generational wealth
Is retirement really the dreamโฆ or is it a trap?
In this episode, we break down Part 5 of Becoming Your Own Banker and tackle two powerful ideas: capitalizing your system and the truth about the retirement trap. Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen... Get the book: https://www.farmingwithoutthebank.com/book... Nelson Nash warned decades ago about Social Security, tax-deferred retirement plans, and government-sponsored schemesโand many of his predictions are playing out today. If you think tax-deferred means tax-freeโฆ or that retirement equals freedomโฆ you'll want to hear this. What We Cover: - Why desire is the starting point for Infinite Banking - The importance of surrounding yourself with like-minded people - Why retirement may actually shorten your life - The hidden dangers of government-sponsored retirement plans - What "tax-deferred" really means - How losing control of your money changes everything - Why purpose is more important than retirement Key Takeaways: You must have a burning desire to escape the traditional financial system Infinite Banking is a lifetime commitmentโnot a quick fix Tax-deferred plans mean delayed taxationโฆ not avoided taxation Government programs can change the rules anytime Retirement means "taken out of service"โand that's not the goal Purpose and continuous learning keep you young Chapters: (00:00) โ Staying Young vs. "Becoming Old" (00:48) โ Capitalizing Your System Explained (02:11) โ Why Desire Is Everything (07:30) โ The Retirement Trap (10:36) โ The Truth About Tax-Deferred Plans (14:41) โ Why Retirement Isn't the Goal (18:12) โ Lifelong Learning & Purpose If you're ready to rethink retirement and take control of your financial life, this episode is for you. Grab your copy of Becoming Your Own Banker Read the book and schedule an appointment to get started Every day you waitโฆ You are probably losing some opportunity cost getting started and using the policy.
If you're going to own a fleet of vehicles, why wouldn't you finance them through your own banking system instead of the bank's?
In this episode of Without the Bank, we break down one of the most misunderstoodโand powerfulโchapters in Nelson Nash's Becoming Your Own Banker: equipment financing.
WTB Episode 256 walks through how capitalizing a properly designed life insurance system allows business owners to finance trucks, equipment, and big-ticket items while building equity in the right placeโtheir own banking system.
This episode clears up common confusion around "extra interest," explains why premium is what actually makes you money, and shows how scaling vehicle financing worksโfrom one truck to an entire fleet. No magic. No shortcuts. Just math, discipline, and control.
Key Takeaways:
- Why equity in equipment is limitedโand banking equity isn't
- The real meaning of "extra interest" (hint: it's additional premium)
- Why you don't make money just by taking policy loans
- How financing one, two, three, or four vehicles simply scales the same system
- Why capitalizing first gives you flexibility when business gets hard
- How policies must be structured as a system, not a single policy
Chapters:
- (00:00) Why fleet owners should think differently about financing
- (01:01) Capitalizing on the policy before buying equipment
- (03:07) Equity in the wrong place vs. the right place
- (06:05) "Extra interest" explained (and why it's misunderstood)
- (10:38) Financing one truck step-by-step
- (13:59) Scaling to multiple vehicles
- (17:06) Using the system beyond trucks (taxes, real estate, equipment)
Want help structuring your own banking system? Buy the book, read it, and then schedule a strategy call with our team today.
Read the chapter. Run the numbers. Don't overcomplicate it.
Links Mentioned:
Without the Bank: https://www.withoutthebank.com
Contact: maryjo@withoutthebank.com tarisa@withoutthebank.com
Insurance premiums keep risingโbut claims are getting denied. So the big question is: does self-insuring actually make sense, or is it a risky move most people misunderstand?
In WTB Episode 255, we dive into one of the most controversial chapters of Becoming Your Own Banker: expanding the system and self-insuring. We unpack Nelson Nash's ideas around premiums matching income, infinite banking, and when (or if) it makes sense to self-insure things like automobiles and homes.
This episode also tackles the real-world problems people are facing todayโdenied insurance claims, skyrocketing repair costs, inflation, and misunderstood coverage. We break down the theory and the reality so you can decide what's right for your situation.
Key Takeaways:
Why insurance companies are denying more claims than ever
What Nelson Nash really meant by "self-insuring."
The difference between comp & collision vs liability coverage
How infinite banking creates a closed-loop financial system
Why self-insuring works for someโbut not everyone
The importance of documentation for homeowners' insurance claims
Chapters:
(00:00) โ Insurance claims denied & rising premiums
(01:11) โ The infinite banking paradigm explained
(02:15) โ Becoming your own banker (closed-loop system)
(03:38) โ Capitalization & financing cars through policies
(03:56) โ Self-insuring autos & homes: real-world risks
(06:01) โ Personal property insurance & documentation pitfalls
(09:34) โ When self-insuring makes sense (and when it doesn't)
What if two people saved the exact same amount of money... but one retired with nearly $900,000 more than the other? The difference wasn't discipline โ it was where the money lived.
In this episode of Without the Bank, we break down one of the most powerful chapters from Becoming Your Own Banker: The Twin Sister Example. Using Nelson Nash's comparison between CDs and Infinite Banking, we examine how capitalization, dividends, and ownership significantly impact long-term outcomes.
We also tackle one of the most misunderstood โ and ignored โ components of Infinite Banking: the death benefit. Many people focus only on early cash value, but real banking strategies account for protection, longevity, and uninterrupted compounding.
If you've ever wondered why Infinite Banking outperforms traditional savings, CDs, and even "paying cash," this episode connects the dots.
Key Takeaways: Why capitalization is unavoidable โ no matter how you finance purchases How leasing, bank loans, cash, CDs, and Infinite Banking really compare The hidden cost of "paying cash" and sinking funds Why the death benefit is not a downside โ it's a bonus How ownership and dividends change retirement income forever Why Infinite Banking allows income without running out of money
Chapters: (00:00) โ Why the death benefit matters more than people think (01:09) โ Why starting small beats radical lifestyle changes (02:25) โ Comparing car financing: lease, bank, cash, CD, IBC (08:38) โ CDs vs Infinite Banking: the Twin Sister example (12:55) โ Why dividends change everything long-term (16:13) โ Retirement income: why one sister runs out and the other doesn't (27:32) โ The two rules of Infinite Banking you must follow
Get Started: Ready to build your own banking system? Email: maryjo@withoutthebank.com Email: tarisa@withoutthebank.com
Grab your copy of Becoming Your Own Banker:
https://www.withoutthebank.com/shop...
Schedule an appointment and start beating Parkinson's Law today!
Most people are taught to buy term insurance and invest the restโbut what if that advice is based on a massive misunderstanding of how life insurance actually works?
In this episode, we break down why dividend-paying whole life insurance is fundamentally misclassified, how insurance companies really make money, and why Nelson Nash believed banking, not investing, was the missing piece.
In WTB Episode 253, we continue our deep dive into Becoming Your Own Banker by Nelson Nash, focusing on mortality tables, underwriting, modified endowment contracts (MECs), and why whole life insurance behaves more like a banking system than an insurance product.
We explore:
Why term insurance is incredibly profitable for insurance companies
How underwriting selects for people who actually live longer
Why retirement at 65 was built on a flawed assumption
How MEC rules really work (and why they're not the end of the world)
Why universal life, variable life, and indexed UL fail long-term
How to properly structure a whole life policy for Infinite Banking
If you've ever been told "whole life is bad," this episode explains where that belief came fromโand why it persists.
Key Takeaways:
Death is not an ifโit's a when, and insurance should be structured accordingly
Term insurance is statistically designed not to pay out
Responsible, underwritten individuals live longerโand insurers know it
Whole life insurance is misclassified, leading to bad financial decisions
Infinite Banking works best when cash value is prioritized over death benefit
MEC policies aren't catastrophicโbut understanding the rules matters
Chapters:
(00:00) โ Why the insurance industry misunderstands its own products
(05:50) โ Mortality tables, underwriting, and who actually lives longer
(10:52) โ Retirement at 65 and the Social Security fallacy
(18:03) โ MEC rules, overfunding, and policy design explained
(31:27) โ Why universal, variable, and indexed life insurance fail
(39:21) โ Why Infinite Banking is caught, not taught
๐ Haven't read Becoming Your Own Banker yet? Start there. ๐ Want help structuring a policy correctly? Schedule a conversation with our team. ๐ฌ Drop your questions or comments belowโwe read and respond.
Links Mentioned: Becoming Your Own Banker by Nelson Nash https://www.withoutthebank.com/shop...
Schedule an appointment / Learn more (check your email for the schedule link after you buy the book)
Are you collecting financial knowledge... or actually using it?
In this episode of Without The Bank, we break down two of the most dangerous (and overlooked) chapters from Becoming Your Own Banker: Arrival Syndrome and Use It or Lose It.
These ideas explain why so many people stall out financiallyโeven after reading the right books, watching the right videos, and "knowing" the Infinite Banking Concept.
The problem isn't lack of information. The problem is believing you've already arrived.
When people stop applying what they learn, their policies stagnate, their cash flow tightens, and Infinite Banking quietly turns into "just another savings account." Nelson Nash warned us about thisโand in this episode, we show exactly how it plays out in real life.
In This Episode, You'll Learn:
- Why arrival syndrome is more dangerous than ignorance
- How "knowing enough" kills financial momentum
- Why Infinite Banking must become a way of life, not a tactic
- What "use it or lose it" really means for your policy and your mindset
- Why focusing on interest rates misses the point entirely
- Why liquidity and cash flow matter more than returns
- The silent mistake people make when they stop using their policy
Episode Chapters:
00:00 โ Knowledge vs. Implementation 01:05 โ What Is Arrival Syndrome? 03:10 โ The Illusion of Knowledge 05:20 โ Use It or Lose It Explained 08:45 โ Outgrowing Comfort Zones 11:30 โ Common Infinite Banking Mistakes 14:00 โ Why IBC Must Be a Way of Life
Resources Mentioned: Becoming Your Own Banker by Nelson Nash Get the book: https://www.withoutthebank.com/shop...
Already have the book? Use the link provided after purchase to schedule an appointment and get your questions answered.
If this episode made you rethink how you're using Infinite Banking, share it with someone who's still "learning" but not applying.
Apply what you knowโor lose it.
Is the government really giving kids $1,000โฆ or is there a bigger catch?
In this solo episode of Without the Bank (WTB), Mary Jo breaks down the Invest America Act (sometimes called the "Trump Account") and explains why she believes it raises serious red flags, from misleading claims by politicians to hidden tax consequences and stock market manipulation.
๐ Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.withoutthebank.com/book/?...
After reviewing the actual bill, running the numbers, and even putting it through AI, Mary Jo explains why this account is not what it's being sold asโand why families should be asking tougher questions before celebrating "free money."
๐ What You'll Learn in This Episode:
Why the Invest America Act is not a Roth IRA
The real tax consequences when kids withdraw the money
Why capital gains taxes matter more than politicians admit
How inflation destroys the "big numbers" being promised
The hidden incentive to prop up the stock market
Why education beats government-funded investing every time
โฑ๏ธ Chapters
(00:00) โ Why this account immediately raised red flags
(01:32) โ What the Invest America Act actually says
(03:44) โ Debunking Ted Cruz's claims
(05:57) โ Following the money: who really benefits
(08:31) โ Taxes, capital gains, and misleading projections
(11:44) โ Inflation, purchasing power, and the real math
(15:07) โ Why this doesn't create "capitalists."
๐ฌ Join the Conversation
What do you think about the Invest America Act?
Leave a comment below or email Mary Jo at maryjo@withoutthebank.com
๐ Like | ๐ฌ Comment | ๐ Subscribe for more honest money conversations
๐ Want a Better Alternative?
If you want to set money aside for your kids without capital gains taxes and without government control:
๐ Visit https://withoutthebank.com?utm_source...
Most people think money problems are about income. They're wrong. It's about mindset, discipline, and who controls the capital.
In this episode, we break down The Golden Rule: Those who have the gold make the rules โ and why that changes everything.
๐ Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 ๐ Get the book: https://www.withoutthebank.com/book/?...
In Episode 250 of Without The Bank (WTB), we dive deep into the mindset behind wealth, capitalism, and control of money. Drawing from Becoming Your Own Banker by Nelson Nash, we explore why living for today destroys future opportunity, how capital attracts opportunity, and why disciplined thinkers consistently win โ regardless of industry.
This conversation connects real-world business stories, personal experiences, and powerful mindset shifts that separate people who struggle financially from those who thrive.
Key Takeaways:
Why mindset matters more than income How immediate gratification sacrifices your future The real meaning of "Those who have the gold make the rules" Why access to capital creates opportunity How disciplined thinkers play a completely different game Why becoming your own banker is about responsibility, not numbers How your belief system around money shapes your results
Chapters: (00:00) โ Mindset Is Everything Why every successful business owner talks mindset first
(02:07) โ The Golden Rule Explained What "Those who have the gold make the rules" really means
(04:29) โ Living for Today vs. Owning Tomorrow How spending habits destroy long-term freedom
(06:40) โ Capital Creates Opportunity Why cash on hand changes the game
(12:38) โ Discipline Separates Winners Why infinite banking isn't for everyone
(15:30) โ Rewiring Your Money Beliefs How environment, inputs, and mindset shape results
(21:21) โ Becoming the Bank Why most people give up the banking function โ and pay for it
Links Mentioned: ๐ Becoming Your Own Banker โ Nelson Nash https://www.withoutthebank.com/shop/?...
What if your 401(k) isn't really your money?
In this episode, we break down Willie Sutton's Law and expose how government-controlled retirement plans quietly limit your freedom, liquidity, and control over your wealth.
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=wtb-ep249&utm_term=desc-top In WTB Episode 249, we continue our Becoming Your Own Banker chapter review, diving deep into Willie Sutton's Law: "Wherever wealth is accumulated, someone will try to steal it." This episode challenges conventional thinking around 401(k)s, IRAs, Roth limits, and tax-deferred retirement plans. We unpack how taxation works, why qualified plans were created, and how government incentives quietly shape your financial behavior โ often at your expense. We also discuss the historical role of churches vs. government welfare, the dangers of inaccessible retirement savings, and why many people feel "broke" while technically having money they can't touch. Key Takeaways: Why tax-deferred retirement plans come with hidden control and risk How Willie Sutton's Law applies directly to 401(k)s and IRAs The real reason Roth IRAs are limited and capped Why tax refunds are NOT a win How lack of liquidity keeps people financially stressed Why responsibilityโnot governmentโis the key to financial freedom Chapters: (00:00) โ Is the Government Your Savings Account? (05:50) โ Willie Sutton's Law & Government Taxation (10:37) โ Qualified Plans & Changing the Rules (15:38) โ Roth IRAs, 401(k)s, and Control (20:55) โ Liquidity Problems & Opportunity Cost (25:07) โ Tax Refunds Explained (30:08) โ A Private Solution Outside Government Control Grab your copy of Becoming Your Own Banker and follow along with us https://www.withoutthebank.com/product/becoming-your-own-banker/?utm_source=youtube&utm_medium=organic&utm_campaign=wtb-ep249&utm_term=desc-bot1 Drop your questions or comments โ we read them. Like, subscribe, and share if this episode made you rethink retirement Links Mentioned: Becoming Your Own Banker by Nelson Nash: https://www.withoutthebank.com/product/becoming-your-own-banker/?utm_source=youtube&utm_medium=organic&utm_campaign=wtb-ep249&utm_term=desc-bot2 Austrian Economics & Mises Institute: https://mises.org/austrian-school/austrian-economics-overview FEE.org (Foundation for Economic Education): https://fee.org/
Most people don't have a money problemโฆ they have a Parkinson's Law problem. Your expenses quietly rise, your "extra" money disappears, and the timeline for big goals keeps stretchingโuntil one day you realize you're working harder but staying in the same place.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
In this episode, we break down the 3 parts of Parkinson's Law and how to beat it dailyโso you can redirect cash flow, build financial momentum, and stop losing every raise, payoff, or "found money" to lifestyle creep.
Key takeaways: Work expands to fill the time allowed (and so do money decisions) A luxury once enjoyed becomes a necessity (hello, lifestyle inflation) Expenses rise to equal income (why raises vanish fast) Why "we don't have the money" often means we won't redirect spending How discipline + simple systems can put you ahead of the 97%
Chapters: 00:00 The hidden sacrifice behind "overnight success." 01:53 What Parkinson's Law is (and why it matters) 03:08 Rule #1: Work expands to fill the time allowed 06:03 Rule #2: Luxury becomes necessity (lifestyle inflation) 08:40 Rule #3: Expenses rise to equal income 12:05 Beat it dailyโor stay stuck 18:36 Proof it takes less effort than you think (the "top 1%" effect)
If this hit home, like, subscribe, and share with someone battling lifestyle creep. And if you want help applying this to your cash flow + "banking system," reach out:
๐ฉ Mary Jo: MaryJo@WithouttheBank.com ๐ฉ Teresa: Tarisa@WithouttheBank.com
You're financing everything you buyโฆ even when you pay cash. ๐คฏ In this episode, we break down how to create your own banking system using dividend-paying whole life insurance, and why ignoring this might be costing you a fortune in lost interest.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
MJ and Tarisa walk through a key chapter from Nelson Nash's Becoming Your Own Banker and unpack what it really means to "finance everything you buy."
They explain how paying cash still has a cost, why EVA (Economic Value Added) changed how businesses think about capital, and how the same thinking applies to families using dividend-paying whole life.
You'll hear the crucial differences between whole life and UL/IUL, how life insurance companies actually work behind the scenes, and why guarantees and control matter more than chasing returns.
Key Takeaways โฆ You either pay interest to others or give up interest you could have earnedโthere is no third option. โฆ Paying cash stops the future earning potential of that dollar unless you first put it into a system that compounds (like a properly structured whole life). โฆ EVA (Economic Value Added) shows that your own cash has a cost, and successful businesses account for itโso should you. โฆ Whole life vs UL/IUL: whole life offers guarantees and immediate access to cash value; most UL/IUL policies have surrender periods and moving parts. โฆ Dividends in mutual whole life companies are essentially a return of overcharged premiumโand when used to buy paid-up additions, they supercharge long-term compounding. โฆ Life insurance companies are conservative by design: actuaries, rate makers, and contingency funds help them survive crises while still paying claims. โฆ Infinite banking is a system of policies over 20โ25 years, not a one-policy, one-year tactic.
Chapters 00:00 โ Why you finance everything you buy (even with cash) 02:09 โ The unseen cost of cash and lost compound interest 04:25 โ EVA: Why your own capital has a real cost 09:40 โ Due diligence, "scam" labels, and thinking for yourself 16:03 โ Owning the contract & being first in line for your money 23:08 โ Actuaries, dividends, and the "fudge factor." 31:14 โ Whole Life vs UL/IUL & building your own banking system
โ Enjoyed this breakdown of Infinite Banking? โฆ Hit LIKE if this helped you see money and interest differently. โฆ SUBSCRIBE for more deep dives on Infinite Banking and building your own banking system. โฆ COMMENT with your questions about whole life, policy loans, or getting startedโwe may answer them in a future episode.
๐ Want help setting up your own banking system? Work with our team to review your current policies or design a new Infinite Banking plan.
๐ Book mentioned: Becoming Your Own Banker by R. Nelson Nash โ highly recommended foundational reading for Infinite Banking. ๐ https://www.withoutthebank.com/produc...
Get BYOB and my book, Life Without The Bank: ๐ https://www.withoutthebank.com/book/?...
Most people assume you need $20 million, a bank charter, a building, employees, and 10 years before a bank ever makes a profit. But Nelson Nash reveals a far simpler way to create your own banking system, one that's been quietly working for over 200 years.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
In this episode, we break down how traditional banking REALLY works, why starting a bank is nearly impossible today, and why participating whole life insurance already has all the infrastructure you need to start your own personal banking system.
If you've ever wondered "How does Infinite Banking actually work?" this chapter explains everything.
๐ Key Takeaways โฆ Why real banks require $20M+, a charter, and years before profitability โฆ How whole life insurance mirrors the structure of a bank โฆ Why capitalizing a policy is like capitalizing a business โฆ The BIG misconception about borrowing against end of life benefit โฆ How improper loan repayment can destroy your banking system โฆ Why new or startup life insurance companies are risky โฆ How dividends represent "excess energy" inside a mature insurance system
โฑ๏ธ Chapters 00:00 โ Why Starting a Bank Takes 10+ Years 01:25 โ Bank Charters, Capital & Liquidity Requirements 03:36 โ How Life Insurance Companies Already Did the Hard Work 04:49 โ Deposits, Loans & How Banks Really Operate 06:32 โ The Midland, Texas Bank Failure (and the Lesson) 08:25 โ Why Whole Life Is the Easier Banking System 10:21 โ The Hidden Costs of Starting an Insurance Company 11:52 โ Dividends Explained Through the "Energy" Analogy 12:41 โ Is Infinite Banking Right for You?
๐ Want to Learn Infinite Banking? Grab Become Your Own Banker and follow along chapter by chapter. ๐ https://www.withoutthebank.com/produc...
Have questions? Drop them in the comments โ we answer every one.
๐ Links Mentioned ๐ Become Your Own Banker โ Nelson Nash ๐ https://www.withoutthebank.com/produc...
Think you control your money because you have a 401(k), IRA, or a checking account? In this episode, we unpack the real problem in Becoming Your Own Banker: chasing rates on tiny savings while 34.5% of every disposable dollar quietly goes to interest.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
We break down Nelson Nash's "Problem" chapter: why focusing on the rate of return on a small savings slice misses the bigger issue, volume of interest flowing out through housing, autos, and living costs.
You'll see how policy loans, mutual life insurance ownership (yes, you can vote), and building capital first create a perpetual tailwind (uninterrupted compounding) instead of fighting a constant headwind (fees, taxes, rules, market risk).
Plus: the mineral-rights story that flips conventional wisdom on its head.
Key Takeaways: โฆ Volume versus Rate: The big leak is interest volume, not APR. โฆ 34.5% drain: Roughly a third of every dollar goes to interestโcash buyers still lose to opportunity cost. โฆ Control the environment: You can't control markets, but you can control the banking equation for your household. โฆ Tailwind effect: Policies compound while you borrow against cash value. โฆ Mutual company edge: Owner rights (incl. voting) and conservative investing support guarantees and liquidity. โฆ Stop the race for ROI: Re-route cash flows first; the "rate" talk matters after you fix the flow.
Chapters: 00:00 The Illusion of Control (401(k), IRA, bank accounts) 01:30 The "Problem" in BYOB: All-American Family Setup 03:35 Volume of Interest vs. Rate of Return 08:16 34.5ยข of Every Dollar: The Real Drain 10:38 Headwinds vs. Tailwinds: Create Your Own Financial Weather 14:29 Control the Banking Equation (Mutual Companies & Voting) 18:12 Rethink Your Thinking + Mineral Rights Case Study
Ready to build a perpetual tailwind for your money? ๐ Grab the book/bundle and follow the chapter study. https://www.withoutthebank.com/book/?... ๐ Schedule a consult: https://www.withoutthebank.com/?utm_s...
Links Mentioned: ๐ Becoming Your Own Banker (Nelson Nash) โ discussed chapter: "The Problem" https://www.withoutthebank.com/produc...
Most infinite banking policies don't fail because of the insurance companyโฆ they fail because of human behavior. Are you quietly stealing the peas from your own grocery store?
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
In this episode, we continue through Nelson Nash's Becoming Your Own Banker and dive into the Imagination chapter and the famous grocery store analogy.
We break down why imagination matters more than information, how to treat your policy like a real business, and why charging your own kids interest can actually build more wealth for them.
If you've ever wondered: "What can I really use my policy for?" "How much should I put in before I start using it?" "Is it wrong to charge family interest?" โฆthis conversation will clear up a lot of mental roadblocks.
๐ก Key Takeaways โฆ Imagination over information: Infinite banking is an exercise in imagination, reason, logic, and prophecy. If you can't imagine new uses for your capital, you'll never unlock its full potential.
โฆ Your policy is a business: The grocery store analogy shows why you must capitalize, stock the shelves, and keep restocking (paying back loans) if you want long-term success.
โฆ Stealing the peas kills policies: Not repaying policy loans (or interest) is the fastest way to destroy your system, not the insurance company going under.
โฆ Use your policy or it's underfunded: If you're still using your bank account for major purchases, you're probably not putting enough premium into your policy.
โฆ Charging family interest is not "mean": When structured correctly, charging your kids interest can grow your system and ultimately send more wealth back to them via the death benefit.
โฆ Terminology trips people up: "Loan repayment" inside a policy is functionally similar to a deposit, but the language makes people fear the process.
โฑ๏ธ Chapters 00:00 โ How "stealing the peas" destroys policies faster than insurers 01:27 โ Imagination vs knowledge: why people ask for permission to use their policy 07:58 โ Nelson's grocery store analogy and what it really means 11:50 โ Stocking the shelves: funding, using, and refilling your policy 17:05 โ Human nature, discipline, and the danger of the "back door" 19:38 โ Charging your kids 9% interest & why family discounts can hurt wealth 22:41 โ Wrap-up, next chapter preview, and what to do next
(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.)
If this episode helped you see your policy differently: ๐ Like this video ๐ฌ Comment: Let us know how you have been "Stealing The Peas" in your system. ๐ Subscribe for more deep dives into infinite banking and Nelson's book ๐ Grab the book and follow along with us chapter by chapter
๐ Resources & Links Mentioned ๐ Becoming Your Own Banker by R. Nelson Nash (paperback & Audible) https://www.withoutthebank.com/produc... ๐ Mary Jo's book, Life Without The Bank https://www.withoutthebank.com ๐ง Audiobook option โ great for listening while you study the concept
Are you still paying cash for big expenses like college tuition, remodels, or vehicles? You might be losing hundreds of thousands โ even millions โ without realizing it. Learn how to use the Infinite Banking Concept to make your money work for you every time you spend it.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
In this episode, Mary Jo shares a real-life client story that reveals how even high-income earners, employees, not just business owners, can benefit from Infinite Banking.
You'll learn how to recycle the same $30,000 for college costs, turn expenses like remodels and pools into wealth-building opportunities, and why paying cash may be destroying your retirement without you noticing.
๐ Key Takeaways: โฆ You don't need a business or a farm to use Infinite Banking. โฆ Paying cash for college can secretly cost you millions in lost opportunity. โฆ How to recycle cash value for recurring expenses. โฆ Why borrowing from your policy beats using bank loans or savings. โฆ How to set up policies tied to each child's education for accountability.
โฑ๏ธ Chapters: 00:00 โ Why Infinite Banking isn't just for business owners 02:30 โ The client's story: paying cash for everything 04:45 โ The college tuition trap explained 07:00 โ Recycling money through policy loans 09:30 โ The $1.2M lesson: lost opportunity cost 12:00 โ Setting up policies for your kids 14:30 โ Why your advisor's approach might be wrong 17:00 โ Which book is right for you: Life Without the Bank vs. Farming Without the Bank
Grab your copy of "Life Without the Bank" ๐ https://www.withoutthebank.com/book
โญ Read The Book? Book your 1-on-1 strategy session: maryjo@withoutthebank.com
Start building a system that pays you back every time you spend.
Links Mentioned ๐ Life Without the Bank: https://www.withoutthebank.com ๐ Farming Without the Bank: https://www.farmingwithoutthebank.com
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?
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.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: โฆ Why IULs, VULs, and ULs collapse faster than you think โฆ The truth behind "guaranteed" returns and hidden policy fees โฆ What Nelson Nash really meant by "dividend-paying whole life" โฆ 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.
Key Takeaways โฆ Kyle Busch's lawsuit highlights systemic problems in how IULs are sold. โฆ Whole life and IUL are not the same thing. โฆ Infinite Banking only works with dividend-paying whole life, not market-tied policies. โฆ Always request an in-force illustration at 4% to test your policy's strength. โฆ Education beats marketing. Understand what you're buying before you sign.
Chapters: 00:00 โ The Problem with Bad Insurance Sales 01:21 โ Kyle Busch's $8.5M IUL Lawsuit Explained 03:34 โ IUL vs Whole Life: What Agents Don't Tell You 06:03 โ Hidden Fees, Failing Policies, and False Promises 08:26 โ Why This Case Proves Infinite Banking Works 12:19 โ The Real Lesson from Becoming Your Own Banker 17:16 โ How to Check (and Fix) Your Own Life Insurance
๐ Have an IUL or UL policy? Send your in-force illustration to Mary Jo for a review. Email: maryjo@withoutthebank.com ๐ Subscribe for more episodes breaking down Infinite Banking truths and exposing insurance myths. ๐ Like, comment, and share this video if you believe in consumer protection and financial education!
๐ Links Mentioned ๐ Books: https://www.withoutthebank.com/book/ ๐ Schedule an appointment: https://www.withoutthebank.com/contact/
Starting an IBC policy when everything feels worst? That's exactly how Nelson Nash discovered Infinite Banking, when bank rates hit 23% and leverage turned on him. Here's what he did, why it worked, and how to avoid the same traps.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
We continue our study of Becoming Your Own Banker and unpack how the Infinite Banking Concept started.
Using Nelson's forestry analogy, we break down uninterrupted compounding, the dangers of overleveraging, why policy design matters (don't chase fast cash value if it weakens the system), and the flexibility of policy loans, especially in bad times.
We also address the costly mistake of canceling in Year 5, when policies typically begin to truly cash flow.
Key Takeaways: โฆ Plant the tree early: Compounding takes time; interrupting it sets you back years. โฆ Uninterrupted over interrupted compounding: Stop resetting the curve. โฆ Leverage cuts both ways: Gurus rarely explain when the lever flips. โฆ Policy loans = control: Flexible amortization; you set the payback schedule. โฆ Rates context: Banks at ~23% (early '80s) vs policy loans at ~5โ8% in Nelson's story. โฆ Design matters: Don't chase extreme 10/90 if it risks MEC and weakens the base. โฆ Discipline wins: You're the bankerโoperate your system soundly. โฆ Don't quit in Year 5: Many cancel right before policies begin to outperform.
Chapters 00:00 Start when times aren't perfect (cold open) 00:50 Intro & setupโstudying "How IBC Got Started" 01:11 Forestry analogy & (un)interrupted compounding 03:33 What interruption really costs you 04:28 Policy design tradeoffs (10/90, MEC risk, strong base) 05:07 The compounding curve: the most efficient year is the last 06:01 "Leverage your way to wealth"? What gurus don't say 06:57 Nelson's story: 8โ9.5% to 23% prime shock ('81โ'82) 08:46 Low-rate era behavior: overbuying & false confidence 10:19 Overpaying for homes/vehicles and today's price hangover 12:10 Leverage risk, HELOC callable, and bad timing 12:57 Risk mitigation vs assuming good times continue 13:25 "Find a fool?" Why selling in bad times fails 14:45 4 a.m. prayer & the realization: the money is in your policies 15:10 Policy loans at ~5โ8% vs banks at 23%: why control matters 16:57 You set the amortizationโflexibility in downturns 18:03 "How big a check?" = How much have you put in (premiums) 18:51 Revising spending: fund policies first, then attack debt 19:54 Start IBC in bad times, so you're skilled in good times 20:53 The Year 5 mistake: canceling right before cash flow 22:09 End of Life benefit = family protection while you bank 22:28 Discipline: be the banker or break your own bank 23:18 Wrap-up & next chapter invite
๐ Like this if you want more real-talk on IBC beyond the hype. ๐ Subscribe & hit the bell to follow our chapter-by-chapter study. ๐ฌ Questions about policy design, MEC, or using loans? Drop them in the comments. ๐ Studying along? Bring your copy of Becoming Your Own Banker to the next episode.
Link Mentioned: Becoming Your Own Banker โ R. Nelson Nash https://www.withoutthebank.com/product/becoming-your-own-banker
Feel "broke" even though you've got money in savings and retirement? You might be trapped by compartmentalized thinking, paying 25โ30% on credit cards while your "retirement money" sits idle.
In this episode, we show you how to see your finances as one pool of money, become your own banker, and pay yourself back, without making money more complicated.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
We break down Nelson Nash's Becoming Your Own Banker and the "97/3" insight: wealth is a skill, not a windfall. You'll see how banking is a process you already participate in, and how to start controlling more of it. From braces and car payments to IRAs and credit cards, we show how small shifts (and an honest repayment plan to yourself) can transform cash flow.
Key Takeaways: โฆ Money is one pool, no matter how many accounts you split it into. โฆ Don't earn 5% in an IRA while paying 25โ30% on credit cardsโthat math loses. โฆ Becoming your own banker = borrow from your pool and pay yourself back (with interest). โฆ Wealth is a skill: discipline, tracking, and continuous learning beat lucky breaks. โฆ Control cash flow first; assets and compound growth follow.
Chapters 00:00 Why you feel "broke": the compartmentalization trap 01:27 Becoming Your Own Banker (Intro to the first chapter) 01:58 The 97/3 rule: wealth as a skill, not a windfall 03:18 Can't manage $1? You can't manage $1M (cash flow vs income) 04:13 Spending leaks: Starbucks, dining out, and "must be nice" 06:16 Lottery winners & why sudden money rarely lasts 08:14 "You don't have to change anything"โฆ actually, you do (habits) 09:36 Continuous learning vs arrival syndrome 11:11 Banking is the most important business; money must flow 12:31 There's only one pool of money 14:09 Using IRAs vs bank loans: the real cost of capital 15:45 We've been trained to think money is "complicated" 16:06 Retirement balances vs 30% cards: pay yourself back instead 18:27 Braces example: cash discount, banker hat, repayment plan 19:12 It's not complicatedโuse an amortization schedule 20:23 Control the banking function in your life 21:12 Overwhelm? Start with baby steps + an advisor 22:29 Choose your hard: money stress vs money discipline 23:35 Why money problems strain everything (even marriages) 24:28 Keep learning the language of money 25:14 What's next & how to get the books
๐ If this helped, like & subscribe for more real-talk money strategy. ๐ฌ Drop a comment: What's one bill you could start "paying back to yourself" this month?
๐ฉ Questions? Email us. Mary Jo: maryjo@withoutthebank.com Tarisa: tarisa@withoutthebank.com
๐งฎ Need a plan? Use the amortization calculator mentioned to set your personal "pay-yourself-back" schedule. ๐ Get the books: Life Without the Bank and Nelson Nash's Becoming Your Own Banker.
Links Mentioned: Life Without The Bank and Becoming Your Own Banker ๐ https://www.withoutthebank.com/book/ Amortization Schedule ๐ https://www.farmingwithoutthebank.com/amortization-calculator/
What if you could use the same dollar twice, to buy your dream car today and still have it grow for your retirement tomorrow? In this episode, we uncover the 7 Points to Consider from Nelson Nash's legendary book Becoming Your Own Banker and why understanding where your money lives could change your financial future forever.
๐ Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ ๐ Get the book: https://www.withoutthebank.com/book/
In this episode #239 of the Without The Bank Podcast, we dive deep into how to make your money work harder through the Infinite Banking Concept (IBC). Mary Jo and Tarisa explore why traditional retirement plans like 401(k)s and IRAs limit your control, how to leverage life insurance cash value for financing major purchases, and what it really means to have your money at work.
They challenge common beliefs about debt, discuss the dangers of government-controlled retirement systems, and show real-life examples of how cash value policies grow wealth over time.
Whether you're new to Infinite Banking or already building your own private banking system, this episode gives you practical wisdom straight from Nelson Nash's timeless principles.
๐ก Key Takeaways: โฆ There are only two sources of income: people at work and money at work. โฆ You can use the same money multiple times through proper leverage. โฆ The government controls 401(k)s and IRAs more than you realize โ and profits from it. โฆ Wealth must reside somewhere โ make sure it's under your control. โฆ You finance everything you buy, whether you realize it or not. โฆ Compound interest is powerful when it's uninterrupted. โฆ Start small โ even a $5,000 policy can grow into hundreds of thousands in value.
โฑ๏ธ Chapters: 00:00 โ Using the same money twice 01:22 โ Fun studio intro & casual chat 02:10 โ Point #1: People at work vs. money at work 04:16 โ Point #2: Passive income and long-term thinking 05:06 โ Point #3: Stop giving your money to someone else's bank 07:01 โ Point #4: Government manipulation & retirement plan control 13:02 โ Point #5: Where does your wealth reside? 16:59 โ Point #6: You finance everything you buy 22:02 โ Point #7: Your need for financing exceeds your need for insurance 23:44 โ Real policy example & long-term results 25:44 โ Final thoughts & call to action
If you're ready to learn how to take control of your money, start your own banking system, and grow wealth the smart way: โต Subscribe now โถ Leave a comment with your biggest takeaway โท Share this episode with a friend who needs financial freedom!
๐ Resources Mentioned: Becoming Your Own Banker by R. Nelson Nash ๐ https://www.withoutthebank.com/book/ Warehouse of Wealth by Nelson Nash ๐ https://www.withoutthebank.com/produc... Economics in One Lesson by Henry Hazlitt ๐ https://www.amazon.com/Economics-One-...
Most people obsess over โrate of returnโ, but they miss the banking process that controls every dollar in their life and how to leverage that same dollar to make more.
In this episode, we unpack the Introduction & Points to Consider from Nelson Nashโs Becoming Your Own Banker and show how dividend-paying whole life can be an AND asset: fund your policy and still deploy capital into investments.
Mary Jo and Tarisa break down why Infinite Banking (IBC) is education, not a sales tool, why your need for financing is greater than your need for protection, and how the end-of-life benefit, privacy, control, and long-range planning all fit together.
We clarify common myths (like โrecapturing interestโ), compare AND vs OR assets, discuss HELOC call risk, and explain why IBC is about where wealth resides, not chasing returns.
Key Takeaways:
โฆ IBC is a financing process, not an investment. Use whole life to control capital flows, then invest. โฆ Your need for financing outweighs your need for protection. Solve financing correctly, and you end up with a bigger financial legacy for your loved ones. โฆ Itโs an AND asset. Fund the policy, borrow, and still invest (real estate, brokerage, IRA contributions, etc.). โฆ Clarifying โrecapture interest.โ Youโre redirecting the spread by paying yourself more than the policy loan rate, which requires discipline. โฆ Major items only. Think of cars, equipment, appliances, education, business capital expenditures, not coffee and fries. โฆ Control & privacy matter. Policy loans arenโt reported to bureaus; contracts are private. โฆ HELOCs can be called. Donโt build your โbankโ on someone elseโs terms. โฆ Long-range planning wins. Power compounds in later years; this is a get-rich-slow, multi-generational approach.
๐ Links Mentioned Book: Becoming Your Own Banker (5th Edition) by R. Nelson Nash ๐ https://www.withoutthebank.com/product/becoming-your-own-banker/
Book: Life Without The Bank by Mary Jo Irmen ๐ https://www.withoutthebank.com/book/
Mary Jo reflects on the lessons learned from her own Infinite Banking journeyโwhat she would do differently, what she wouldnโt change, and the importance of the right mentor. From avoiding early missteps to going โall inโ with learning, she shares insights that can save listeners time, money, and frustration as they start their own IBC path.
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Mary Jo and Tarissa challenge common financial advice about compounding interest. A billionaire may have praised the "power of compounding," but Mary Jo explains what he left out: interruptions. Using relatable examples from bodybuilding, business, and everyday life, she shows why uninterrupted compounding is what truly builds lasting financial security.
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In this episode, Mary Jo delves into the cost-efficiency of life insurance, explaining why it's more beneficial to write smaller premium checks in exchange for larger death benefits. She highlights the reliability of life insurance companies paying out claims with historical examples, and also touches on the comparative weakness of term-life compared to whole-life insurance policies.
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Not everyone is ready to start a policy todayโand that's okay. In this episode, Mary Jo shares a real story of working with a firefighter/EMT who felt stuck financially. Instead of selling him something he couldn't afford, she helped him map out practical, creative ways to generate cash flowโfrom teaching first aid to selling emergency kits. This is what working with Without the Bank actually looks like: no pressure, just real strategy. If you've ever felt stuck or unsure how to start, this episode is packed with ideas and honest advice.
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In this episode, Mary Jo and Tarisa dive into the importance of using money to create cash flow, and not merely saving it. They discuss Nelson's journey of overcoming significant debt and beating Parkinson's law, the importance of shifting from a scarcity mindset to an abundance mindset, and the various ways to use your policy for financial growth. They also share some fun stories!
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In this episode, Mary Jo and Tarisa dive into the realities of being a life insurance agent, addressing the industry's complexities and the challenges that new agents face. They discuss the importance of understanding the power dynamics with General Agents (GAs), the potential pitfalls of joining the wrong agency, and how crucial it is to align with a supportive GA. Through personal anecdotes and expert advice, they cover what new agents can expect, the industry's 'smoke and mirrors', and the resilience needed to succeed.
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In this episode, Mary Jo and Tarisa tackle a common question about financial strategies: whether to 'buy term and invest the difference' - or to choose a dividend paying whole life policy, and to implement the Infinite Banking Concept. Join in as they have a detailed discussion on the drawbacks of term insurance and the benefits of whole life, especially when considering long-term liquidity, control, and guarantees. They highlight the holistic approach needed to manage finances effectively involving due diligence, reading the foundational IBC texts, and consulting with a certified IBC practitioner.
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Some of the worst advice we ever get is to avoid taxes. In this episode, I run through some numbers of why it truly does not make sense to buy things to avoid taxes; we just transfer money to the bank instead of keeping it, or we give up liquid cash. (Updated version of Ep. 37; originally published November 19, 2021.)
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In this episode, Mary Jo discusses common issues faced by clients, such as unnecessarily canceling policies or being misled by other agents into switching policies. She stresses the necessity for continuing education regarding how to use your policies so that you can be a good banker.
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In this episode, Mary Jo we delves into the complexities and risks associated with universal life insurance policies, using a real-life client scenario to illustrate the issues. This example serves as a cautionary tale about the true cost of these policies, especially for older policyholders, and offers guidance on making informed decisions to potentially avoid substantial losses.
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Mary Jo explains why chasing net worth won't move you forward and why cash flow is what truly matters. She shows how using your money with purpose can open the door to real freedom and momentum.
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Scarcity thinking might feel safe, but it's quietly sabotaging your financial future. In this episode, Mary Jo unpacks how emotional baggage, financial PTSD, and debt-free obsession can block real wealth-building and keep you stuck playing small.
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In today's episode, Mary Jo calls out the chaos in blue-collar businesses and makes a clear case for hiring help. If you're in the trades and tired of missed calls, poor communication, and 70-hour work weeks, this one's for you.
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What happens if your partner or key employee dies? Mary Jo shares why buy-sell and key man policies are a must to protect your business.
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Mary Jo and Tarisa discuss Codie Sanchez's business-buying strategy and how infinite banking can take it even further. Discover why funding through your own system changes the game.
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In this episode, Mary Jo and Tarisa expose why IULs fall short for infinite banking and highlight the value of transparency, guarantees, and real long-term control.
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Today, Mary Jo and Tarisa dive deep into a question many face: Should you start an infinite banking policy while in debt? They unpack real-life examples, human behavior patterns, and financial discipline to help listeners make smarter, more sustainable money decisions.
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MJ and Tarisa continue the conversation and dive deep into the truths and misconceptions about Universal Life (UL) insurance policies, comparing them to Whole Life and exploring why guarantees matter. They break down industry noise, market risks, and why understanding your policy could mean the difference between lasting coverage and financial disappointment.
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In this episode, MJ and Tarisa break down what really matters when it comes to life insurance: proper policy structure, guarantees, and working with the right agent. They dive into the dangers of chasing rates of return and why illustrations often tell only part of the story.
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Curious about how a Roth IRA stacks up against a whole life insurance policy for Infinite Banking? In this episode, we break down the key differences, from control and liquidity to tax treatment and long-term benefits, helping you decide which option fits your financial goals.
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This week, Mary Jo and Tarisa take a hard look at the popular claim that saving $100 a month can make you a millionaire by retirement, famously promoted by Dave Ramsey. Let's unpack the real math behind market returns, inflation, and financial control, arguing that blind faith in traditional plans can leave you woefully unprepared.
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In this episode, Mary Jo and Tarisa discuss the concept of wealth being relative to the people we surround ourselves with. They emphasize the importance of having a positive and ambitious environment, avoiding the victim mentality, and learning from successful individuals. They also talk about the significance of taking action and maintaining an open mind.
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Why do we trust banks and the stock market without question, but scrutinize life insurance to the extreme? In this episode, Mary Jo and Tarisa dive into financial mindsets, exposing the double standards we apply to life insurance and how understanding Infinite Banking can shift your financial control.
Documentary Mentioned: https://www.youtube.com/watch?v=lkOQNPIsO-Q
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Join us as we explore the surprising similarities between life insurance premiums and mortgage payments, emphasizing how both offer long-term stability and equity growth. We're looking at the advantages of whole life insurance as a financial tool, from tax-free growth to death benefits, while comparing it to real estate investments and the peace of mind that comes with a fixed, guaranteed cost structure.
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In this episode, we dig into the theory of "use it or lose it" in infinite banking, exploring how neglecting your policy can limit its potential benefits. Through real-life stories and insights, we discuss the importance of actively using your policy to maximize cash flow, opportunities, and long-term financial success.
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In this episode, we dive into the critical mindset shift of viewing real estate through the eyes of a banker. Let's unpack how banks extract infinite value from a single property and how investors can start doing the same using infinite banking strategies.
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In this episode, Tarisa is back and we are sharing our personal real estate investment experiences, including both successes and challenges. Join us as we discuss the complexities of selling properties, managing rentals, and get some valuable insights on leveraging liquid capital and policy loans for smarter investments.
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Tarisa joins us to discuss the pitfalls of having equity tied up in the wrong places, especially when it comes to real estate and mortgages. We're exploring the risks of paying off a mortgage too quickly without considering liquidity options that can offer more flexibility. Tune in to learn why liquidity and smart money management can provide greater control and freedom in tough financial situations.
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Tarisa is back this week to dive into Nelson Nash's real estate story and its relevance today. Listen in to discover the critical lessons from Nash's experiences with over-leveraging, the importance of financial control, and the necessity of maintaining control over your financial environment.
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Let's meet our newest team member, Tarisa Shelton, who shares her journey into Infinite Banking, her experiences, and how it has impacted her financial decisions. Tarisa discusses her background, real estate ventures, and personal use of policies. Tune in to meet Tarisa and learn how IBC can change financial perspectives and opportunities.
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Today we are looking at infinite banking strategies for blue collar entrepreneurs and business owners. Many are making substantial incomes but aren't leveraging their finances to build long-term wealth or secure their families' futures. We'll discuss how running your cash flow through a policy can provide uninterrupted compound interest, dividends, and a death benefit.
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Dive into the mindset shift necessary to maximize the use of your retirement funds. Rather than letting your IRA or 401k sit idle, let's explore how you can use it to pay off high-interest debt, invest in a business, or even fund a life insurance policy.
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Let's address the overwhelming amount of misinformation surrounding the concept of infinite banking, especially as presented by non-practitioners on social media. We're discussing the importance of working with authorized IBC practitioners, the risks associated with incorrect policies, and the critical factors of liquidity, control, and guarantees that form the basis of infinite banking.
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It is important to ask the right questions to achieve success and avoid a negative mindset. Learn how to shift your perspective and focus on 'How can I?' to open up new opportunities and solutions. Avoid the Eeyore mentality and take actionable steps to improve your life and business.
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There are critical differences between spending money and investing money. Let's look at the importance of mindset when dealing with financial decision making.
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In this short and sweet episode, we tackle the rare issue of banks rejecting loans due to policy loans on life insurance. Discover why policy loans don't appear on credit reports, and learn how to educate your banker if they don't understand how life insurance works.
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There are 5 strategies to know about if you think you cannot pay your premium. Today we are sharing client experiences, practical advice, and insights on managing life insurance premiums in challenging times.
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Even if you're not a farmer, there are valuable lessons to learn from profitable farming operations. 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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It is important to pay attention to your finances! Tune in to learn how ignoring financial responsibilities can lead to wealth loss, and why actively managing and understanding your money flow is vital for creating and sustaining wealth.
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In this episode we are talking all about how loan interest is calculated, the importance of correctly marking payments, and tips for managing these financial obligations.
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Many financial advisors do not fully understand the tools we use for IBC, nor do they grasp the importance of liquidity, control, guarantees, and uninterrupted compound interest. Break through the noise and understand these four financial elements before you make decisions with your money.
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Today we are exploring the critical issue of 'stealing the peas'โtaking products from your business without proper accounting. Using real-life examples, we discuss the negative impact this practice has on inventory, profit margins, and the long-term value of your company.
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You can borrow against the life insurance policy for basically anything. Plus policy loans are far more flexible and offer more benefits compared to traditional bank loans and credit cards.
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Some troll requested the "truth about my product." So here it is, the real truth behind whole life insurance and why it is the better option for your financial future.
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Today we tackle the common misconceptions about being uninsurable or too old to participate in the infinite banking concept. Learn how you can still leverage cash flow management and the infinite banking strategy regardless of age or insurability.
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Dive into Nelson Nashโs 'Becoming Your Own Banker' as we discuss the infinite banking concept, clarify misconceptions, and review key ideas from the introduction.
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We are continuing to explore the misconceptions about Infinite Banking and Whole Life policies. Learn about the flexibility of premiums, tax benefits, and the importance of knowledgeable advisors. Discover how to navigate misinformation and find reputable agents to make informed financial decisions.
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Today, we are exploring 5 misconceptions surrounding the Infinite Banking Concept. Learn why it's essential to use your imagination, reason, logic, and due diligence to manage money more effectively.
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Today we are having a passionate conversation about the pitfalls of Universal Life and why Whole Life is the ONLY choice if you want a policy structured for infinite banking.
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Today we are talking about the real reasons behind the obscurity of IBC, understanding the significance of controlling your finances, and navigating through the abundance of financial misinformation.
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Imagination is crucial for understanding and utilizing the Infinite Banking Concept effectively. Learn why it's essential to break free from traditional financial thinking and how you can apply this concept to various areas of life.
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The best tool for IBC is a dividend paying whole life policy with a mutual company. Today I'm talking about what that all means, how it works, and why it's important for taking control of the banking function in your life.
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We are discussing who ultimately bears the burden of business costs and taxes, using examples such as the North Dakota property tax measure and potential tariffs on John Deere. Let's talk about how businesses typically pass these costs to consumers and the broader implications of such economic policies.
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After reading Becoming Your Own Banker, people want to self-insure for their autos. As I understand what Nelson was saying, I don't necessarily agree, considering today's prices of new vehicles and the cost to repair. This fits in the right situation, but you need to make sure it's actually the right situation.
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Many think they understand IBC and then ask questions that indicate they have missed then entire concept. Let's talk about what this means.
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What if I gave you a dollar in exchange for .50 cents, income tax free? Would you go grow quarters? This is exactly what the life insurance company does when you buy death benefit, and yet so many folks do not understand. Leave generational wealth for your family, use it to help with lost income from care, etc. The ideas are infinite.
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We love the idea of having control of our money and not answering to the bank, but we then end up not knowing what to do. When you become the banker, you have to make your own payback terms; you have to put on your banker hat. When you sign your policy documents, you have, at that moment, become a business owner of a bank! Get ready: you have all the control.
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Stop spreading yourself so thin just because you can do it all. Your business will run smoother and you'll make more money when you focus.
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IBC provides the solutions for needing liquidity, control, and guarantees. That is not provided in a traditional banking setting.
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It boils down to liquidity, control, and guarantees. While the market fell hard this week, it proves IBC is the answer for those three things. The concept is far more important to understand the problem so you can understand the solution.
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What do you pay first if you can't afford both? Well, that depends on many things! Hang in there with me on this podcast; it can get a bit confusing.
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Don't always get your feelings hurt when the bank says no. Sit back, look at why they are doing that, and use it to your advantage. They may just be saving your butt.
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Always be prepared to have cashflow or low debt in the good times. Things always change, and you don't want to be in a situation where you are caught owing money and have no cashflow coming in.
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Be careful when asking others for their opinions when you are an expert on a matter. Knowledge is one thing if it's gained from due diligence; it's another when it's repeated without good sources.
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Justin is using IBC and his life insurance policy like crazy! Listen in and learn how to use your policy and move forward with cash-flow-generating ideas.
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In this episode, we are discussing the misconceptions around term insurance and its value as a short-term death benefit solution. I explain different types of term insurance, highlighting their benefits and when they might be suitable. While term insurance is not a long-term solution like whole life insurance, it is important to maintain some form of coverage to protect your financial future. Tune in to learn how to understand and utilize the benefits of term insurance effectively.
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Here we are again... Dave and I agree, but he seems to be talking out of both sides of his mouth. Finally, he has addressed putting money into things you know, but why then is he talking about putting money into IRA's and 401k's when you don't know those things?
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Have you put money into your business and paid it back? If you are putting a capital investment into a business, you better pay that back to yourself and figure in your time per hour. Without doing this, you are not looking at real numbers for profit and expenses on the business side.
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Wealthion had a great podcast interview that I sum up here as best I can. The moral is, the gov't created a "solution" that is now creating a problem for which they can create another "solution". The opt-out 401k option is not actually helping but could hurt the market, depending on employment rates. Take a listen; there is a lot here.
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Every one of us is a salesperson to some extent, yet so many folks are up in arms over people selling them something. Listen in and challenge your thought process.
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It's about that time of year where parents have college coming up to pay for. Student loans are a joke, and parents are being stuck with the bill. Society has said, pay cash for your kids and never have them pay you back. There are better ways, and you as the parent need to stop using your retirement to pay for the kids' college.
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I stay away from the news for a reason, but I figured I'd take a listen this week, and now I'm mad. We are supposed to lose jobs in order to stop spending and get back to where the gov't thinks we should be. The thought process around this is absurd!
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Why is it that so many of us forget so quickly that we lost money in a market fall? As soon as that rate of return increases, we relax and believe all is good in the world again. Why are we not paying attention and remembering what happened to our money just a year ago!?
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If you have a business that is going nowhere fast, have you asked why? Is it because you don't love it, are you in your own way, or are you not filling your head with the right stuff? Get out of your head, open your mouth, and start working on your business. If you can't do that, then evaluate if you are doing the right thing.
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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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In order to make IBC work with life insurance, you want to have a PUA rider on the policy. In this episode, Ii explain what it is and how it works.
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"It's too good to be true," is what many think, but in reality, there are no deals, and that is what keeps it real. IBC is set on a foundation of truths, and many are not understanding those truths.
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As couples, we can do things together and be successful or we can silently support the other. What we can't do is fight with our partner and expect to make progress. That is an uphill battle, and it's proven when we look at business owners who have both people on board.
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There is a difference between reading the book and re-reading the book. You will not get everything on the first pass!
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You get to choose to muddle through your business or have someone help you grow your business quicker and faster. What is the cost to do that, and are you willing to pay someone to help you get there faster?
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Auto-enrollment in 401K programs is a newer thing. This was not done when I was working for others as an employee. Today, companies automatically enroll you in their 401K program, and many are not aware. Please pay attention to what is happening, and ask the question of whether you want the money there or can use it for something better.
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Many think staring a whole life policy on someone younger is better. It is not if you want to pass on generational wealth and have a "Rockefeller effect". This is where having an IBC practitioner is important to help you strategize.
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Are you willing to admit when you've made a mistake? If not, that is when you have truly failed. Successful people don't blame others for their failures; they look internally, recognize what they did wrong, fix it, and move on. So many people believe someone owes them something because they deserve it. You don't deserve anything. If you make a financial mistake, then figure it out and move on. No one should bail you out of that.
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Let's pick apart advisors' advice. Their thought process is a bit broken, and some things are hidden in their content. Let's tell the whole truth.
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Making a change is not a one-time activity. If you want to be the banker, keep yourself engaged in IBC thoughts and re-read the books.
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Stop being fake; be real and think big. You will go places. Don't allow yourself to hold you back.
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While trying to get ahead in life, so many folks are leveraging themselves to the point of trouble. This is what Nelson did, and learning from these mistakes is where the Infinite Banking Concept came from. Have you caught the Disease of More? Be careful and pay attention to what you are doing so you don't find yourself over-leveraged, even if you are borrowing from your policy.
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Infinite Banking is such a different way of thinking, and we tend to make it harder than it is. We compare it to things we shouldn't, we compartmentalize money, and we struggle with loan paybacks. We have been conditioned not to think and our imaginations have been stifled. Quit making it so hard and get creative!
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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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So many people use lump sums of money to start a business but never actually pay themselves back. This makes your books look better than they really are. This was not a free loan to yourself; you must pay it back.
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Are you actually doing your due diligence on what to do with your money, or are you like most of America, just a bunch of sheep? When you come across IBC, you then are labeled a black sheep, and we welcome you here, but you have to understand that you question things while most do not.
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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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So many people find the infinite banking concept and think it's illegal. In this episode, I explain why I believe we have lost the knowledge of this 200 year-old product and why you need to listen to people who are educated on it.
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Fair warning: this is a rant! ...and I have said most of this before! ...but a lot of you need to hear it again! When you truly understand what IBC is about, you stop listening to the noise. Let's get back to basics!
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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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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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Are you so jealous that it is keeping you where you are? For many, the answer is yes. Look around at those who are jealous; they typically don't even ask questions about how things are done or how people advance in life. These are the, "must be nice," people. Do you want to be like that for the rest of your life? ...or do you want to learn, advance, and enjoy a higher level of success in life?
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So many people are investing in short-term rentals (like AirBnB's), so why not have the experts on the show to find out more about how to do this? I love these ladies' podcast, Catch up with The KarWells, so I brought Emily and Sarah on to share some of their knowledge.
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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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Let's put this into perspective and look at what Nelson printed in the book. Many want to fast-forward, but Nelson said it'll take time.
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As you are told to pay off debt, what is Dave Ramsey doing? He is building his empire, building his cash flow through business growth and rental properties. Don't just look at his debt program; look at what he and every other wealthy person does: they create cash flow!
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There is so much debate about this, and so many people think what they are doing is wrong. Do what works for you... but here are my two cents on why I don't believe it's necessary and more of a personal issue than a money issue.
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Are you guilty of making this massive 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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Many have asked, and this seems to stump people: When do I start my next IBC policy? You want to start when you have excess money or are not using the policy you already have. You should know your budget well enough to know where money is going. I have outlined a couple ways to figure this out.
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Today I address common questions where people may get hung up about when to take a cash value loan vs. cash. Even possibly what to use that money for as well... so we will go over thinking about your pool of money, then how to ask those long term questions about what you may need liquid money for in the future.
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Many folks make you believe IBC is risk free. In reality, it is risk-averse but not risk free. There are two factors that will cause IBC to fail: 1. insurance company failure, and 2. human nature. More details in the episode!
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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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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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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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Here are some updates from the insurance company that I write with. Most likely very similar to any company, but good information for policy-holders to know.
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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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The naysayers will always say your new idea will be too hard, too much work, etc. However, your new response is, "pick your hard." You may be willing to put the hard work in because you have a passion for what you are doing. Their passion lies somewhere else.
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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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Here are some things that will raise your credit score quickly with minor effort.
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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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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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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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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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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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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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What is the NNI Council, and why is it a good thing? Also, let's tell the full truth on leasing vehicles to your company and putting that back into your IBC policy.
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You can think about something all day, but that makes nothing happen. If you want to be successful, take action, and get started, regardless of if it's Infinite Banking or business.
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This is a hot topic right now with multiple banks failing and lots of digital currency talk. Itโs about more than just these two factors; itโs mostly about how companies manage a product and how agents sell it.
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This is a great episode going over what you should know and expect when starting a business, how the business structure can help with taxes, and what you need to know to be the most financially sound.
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Many waited as the last 10 years were great, and now they wish they had started building their bank in the past. It is never too late; we just have to think differently.
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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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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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If you are blue collar or in the trades, do you know your value? So many do not, and I am here to tell you, you have value, and you need to start recognizing that.
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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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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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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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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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Everyone is getting hit by inflation, but this is why it's worse for employees.
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Today I answer 3 common questions: Will death benefit be paid right away if something happens? Is cash value and death benefit paid upon death? ...and are premiums flexible?
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If you are a small business owner stuck and needing help, tune in! I have added my two cents and experience to the equation.
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If you are an honest banker and pay back your loans with extra interest, that may not fit in the policy as premium.
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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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Let's clear up more confusion around IBC and what it really is and what it is not.
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Understanding cash value and using correct terminology is super important to the long term growth of your policy. You never want to take money out when you intend to borrow.
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Understanding cash value and using correct terminology is super important to the long term growth of your policy. You never want to take money out when you intend to borrow.
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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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Why small businesses should make money and not feel bad about it!
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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 early withdrawal a good idea, or should you just hang in there waiting for your return? Why a 10% penalty on your money? So many points of concern to be addressed here.
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Is early withdrawal a good idea, or should you just hang in there waiting for your return? Why a 10% penalty on your money? So many points of concern to be addressed here.
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There is so much social media noise around the Infinite Banking Concept that it's hard to know the truth from the lies. Here are some pointers many folks don't think about.
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There is so much social media noise around the Infinite Banking Concept that it's hard to know the truth from the lies. Here are some pointers many folks don't think about.
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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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So many business owners meet with me and think IBC is just something they can use on the personal level, when in fact, it's for the business as well. Keep in mind, Nelson always said, it's one pool of money.
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What is the real cost of going to college? ...and if you pay cash for your kids tuition, what is that costing you in retirement?
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What is the real cost of going to college? ...and if you pay cash for your kids tuition, what is that costing you in retirement?
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In this episode, we discuss why buying life insurance on grandkids is important to the cycle of family wealth but not as easy as one may think.
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You can't say it doesn't work when you have the wrong agent helping you or no agent helping you. Do your due diligence and understand what is happening.
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When you start a business, you need to know your options to mitigate taxes and liability. I'll make it simple for ya!
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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If you are anxious about money and looking at your bank account, you too may have Financial PTSD.
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IBC is not about rates of return; it's about liquidity of money and being the owner of the bank. Let's discuss why so many people can't stop comparing it to an investment.
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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.
Interest rates on loans do not stop with the rate alone. What is your time worth, filling out paperwork, answering questions, and waiting to take an opportunity? This all matters. Infinite Banking is not really about rates but your time.
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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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Is your retirement there for the purpose of taking care of you or for the purpose of taking care of the gov't? Nelson has some good points that need to be considered, and every year that goes by, his predictions become more clear and true.
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The biggest challenge for people when learning about IBC is how much to start with, where to find the money, access to money, and then how to use it. This is an important chapter review.
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So many of my older clients don't understand the value of what they know. In this episode, I share how I go through meetings and share ideas of how you can turn that knowledge into money.
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Your bank should not just consist of one policy; you should have many, and it will take you a lifetime to create that system.
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Many blue-collar jobs have pensions and may be part of unions. Those pensions are proving to not hold up due to where the money is being invested. Watch your pension and pay attention to the performance so you know you'll have something to retire on. It's YOUR retirement, so make sure you are not banking on them to take care of you; do something yourself on the side so if they mismanage it, you have a back up plan.
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When receiving death benefit or inheriting large sums of money, the last thing you should do is pay down debt, if not needed. Buying more death benefit and using that money through the policy will leave the kids with more and you with more flexibility, if needed.
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What is happening right now with the market is the true indication of compound interest vs. uninterrupted compound interest. It also is proof that actual rates of return are better than an average. The noise is keeping you in this never ending cycle.. but instead, you can be the black sheep to get out of it.
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A breakdown of what the difference is between whole life and universal type policies.
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Where to get the money to start and how to think correctly about using this tool rather than another one for purchases.
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John Maxwell had a great podcast episode on players vs. pretenders, and I just wanted to share that with you. If you have employees or even family members that all work together, then you are going to want to listen in to see who will be there for the long haul.
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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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So many people want to compare IBC to an investment, but they are not the same. Yet when they do compare them, they say they are not the same. Right; they are NOT an investment.
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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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Not all insurance companies or agents are created equal. Know and understand what it is you are buying and wanting to do with your IBC policy. In this chapter of Becoming Your Own Banker, Nelson lays out things you need to look for.
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It seems like so many are missing the point of what IBC is and the fact that money is liquid to be used. Stop focusing on illustration numbers and start thinking about how you can use that money to create unseen growth.
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Many do not want to pay premium or want to pay the smallest amount they can. That is broken thinking; premium is the solution, not the problem. The problem is what we are doing now. We must create our bank, and to do so, we must pay premium.
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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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We have had a lot of questions lately on who owns the policy and controls and pays premium. This can be confusing, so I break it down as best I can.
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Let's talk about what so many couples avoid talking about to their detriment: MONEY. Couples need to communicate effectively about money, yet most don't know how to or avoid it like the plague. Let's get on the right track starting today.
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So many people talk to me about what to do for cash flow. Here is what I am looking at and listening to regarding this issue.
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Many want to create college funds in kids' policies. In this episode, we talk about what that looks like, how life insurance is now or later, creating wealth for them, and more.
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So many people think IBC is about rates of return when it's really about a thought process and human nature. In this episode, I talk about why it's so important to stay educated on the concept and keep learning, not just buy a policy and let it go. If you do that, you forget why you even bought it to begin with.
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Doing a 15-year mortgage to save money on interest could be hurting your actual income and cash flow for retirement. Don't get caught up in the rates when you are ignoring cash flow. The only way to create cash flow is to have liquidity of money. It's a great formula that so many are missing out on.
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Separating money into different accounts is not necessary if you are an honest banker and pay yourself back. In fact, it could be keeping you from creating cash flow. Listen in as I share some examples of why there is only one pool to take money from.
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Having financial strain is hard on many levels, but avoiding that issue is not going to solve that problem. Here I have come up with my own term, Financial PTSD, and I talk about why it's so important to know your numbers.
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In this episode, we talk about those people who think they know everything yet really know nothing because they are too lazy to learn. Is it ignorance, or an illusion of knowledge?
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Those with the gold make the rules. Where is your gold, and why are we living in a state where no one has the gold? It's not about redistributing wealth; it's about how we treat our money. Listen in.
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If you are running a business, do you know your numbers? This is a live or die scenario for your business, and I beat this horse pretty hard in this episode. Tune in and buckle up.
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In this episode, we hit two more chapters of Becoming Your Own Banker and talk about Parkinson's Law: expenses rise to meet income, and a luxury once enjoyed becomes a necessity. Also, we visit about where the money sits and who is wanting to steal it.
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So many new business owners question what they should be doing to grow their business with marketing. In this episode, I interview my marketing guys and ask them the hard questions you all ask me. If you want to grow you, must brand yourself and market and do it correctly.
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Some of the worst advice we ever get is to avoid taxes. In this episode, I run through some numbers of why it truly does not make sense to buy things to avoid taxes; we just transfer money to the bank instead of keeping it, or we give up liquid cash.
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In this episode, you'll find out why you should have a policy on a business partner or key employee. This is a very important topic that often gets missed in the business entity setup.
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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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Another BYOB book study breaking down the importance of being an honest banker, paying interest, and using the correct policy with the correct people.
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Understanding how to be a honest banker and the time needed to start a bank or business is super important to the IBC process. If you get this wrong, the whole thing could fall apart. In this episode, I cover what is important to know for the growth and survival of the policy. The Infinite Banking Concept is not just about starting a policy, it's about being a bank owner and banker with the right mindset.
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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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If they give something to you, they want something in return, and the American Families Plan is showing us what they plan to grab first! Always keep in mind how to keep yourself out of their reach.
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This Infinite Banking Concept may look easy once you read the book, but not using the right agent could cost you a million dollars or more!
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There is only one pool of money in the world, and we get to decide how that transfers to us. There is not a limitation on this, we are the ones limiting ourselves.
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How much are you spending on interest? Most are spending 34.5% of every dollar on interest, and they don't bother looking at how that affects their bottom line. Today we talk about why that's a big deal.
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We thought the Soviet Union was poor because they stood in line to buy bread, but in fact, they had all kinds of money, just no product to buy. We are facing this same issue in the U.S. right now.
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Should you borrow from one policy to start another? I say heck no and share why I firmly believe this. It's not about the number of policies!
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This week, we go over two more chapters of Becoming Your Own Banker. Find out why a lack of imagination will stop you from understanding IBC and why stealing the peas is a bad idea.
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This is a great review for those who didn't get to meet Nelson or hear his story. Today we discuss why he was forced into changing his thought process, why long term thinking is key, and why he knew life insurance was his answer.
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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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I don't hate Dave Ramsey, but I sure do talk to a lot of his followers who are left struggling due to no cash flow. We can live without debt, but we can not live without having access to cash when we need it the most.
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Today we are looking at the first chapter in Nelson's book and addressing the basics of Infinite Banking. We must think like a banker, own the bank, and understand money. This chapter goes over that.
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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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Is there a better place for your money besides paying down debt? In this episode, I talk about why you may not want to pay down debt and may instead want to use that money to create cash flow.
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We will be doing a book study/review of Becoming Your Own Banker throughout the podcast. This review starts with the introduction of the book and outlines what IBC is and what it is not. This is one of the most important parts of Nelson Nash's book.
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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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Many want to compare IBC to investing, and it's not investing. It is not about an average rate of return. Averages are a lie, and I talk about that in this episode, along with why liquidity, control, and guarantees are the most important thing we need when creating wealth and retirement funds.
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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 is Life Without the Bank.
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It's important to understand the types of life insurance out there and why we only use Whole life Insurance for the Infinite Banking Concept. Not all life insurance is created equal.
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Is IBC a scam? ...and why would one think that? What really is the scam here?
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Not only do we talk about Infinite Banking, but I want to share a little business advice with you. Find your niche and go with it, become the expert and watch the money flow in.
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Hear what the difference is between simple, compound, and uninterrupted compound interest. You will hear why this new investing is not working and what the interruptions are costing you long-term... and also, why we use whole life for Infinite Banking and nothing else.
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We want to stop paying as soon as we can, yet if we are making money, why stop? It's like selling your business when you finally start making money. I go over when insurance is paid up and why we never want to stop. Thinking long-term is important.
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Many think they can't get started with the Infnite Banking Concept because they don't have the money, when in fact, they just aren't thinking about money correctly. I go over a few places to find money and different thoughts about money so you can figure out how to get started.
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Many think deferring taxes is a great thing, but it is what is truly causing our retirees to be in a higher tax bracket. We are led to believe we'll be saving money, yet we are paying tax on the harvest and taking a tax break on the seed, when it should actually be the other way around. One must ask why the government limits the amount of money put into a Roth IRA.
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The Federal Reserve is a little over 100 years old, and did you know it's not even owned by the gov't?! It's owned by private people, and they determine how much money is printed. Banks can borrow money from them and turn it 10x, causing the most inflation we've seen in years. Listen in to find out how many are really making money and starting new branches on every corner.
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Many believe cash to be king, but you will learn in this Infinite Banking Concept that cash FLOW is king. You can be debt free, but that does not mean you have the cash flow to buy groceries. Listen in to find out why cash is not king.
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IBC is the Infinite Banking Concept. This is what I learned in 2010 and am teaching all of you today. This is what wealthy people do and what we are taught not to do. Listen in, because this concept is amazing and will challenge what you know about money.
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Have you ever considered that you may be stealing from yourself?! If you use cash from savings or checking, do you ever pay yourself back PLUS interest? If not, you will find out why being an honest banker is so important and a great way to create wealth.
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We are being conditioned from the time we are born to believe there are only a couple ways to handle money. You either use cash or borrow, and if you want to retire, you invest. The noise of the world wants us to believe that, and that is not what is happening. In this episode, I break down those conditioned thoughts and challenge you to think differently.
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