Farming Without the Bank Podcast
2 FOLLOWERS
Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner.
Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy.
https://www.farmingwithoutthebank.com/
Farming Without the Bank Podcast
1w ago
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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Farming Without the Bank Podcast
2w ago
You all liked my myth busting before, so here's more! I'll keep the tally rolling. Today we smash myths 6-10! 6. Whole Life insurance is bad because you don't get cash value and death benefit. 7. It's not an IBC policy. 8. It's about a Return on Investment. 9. Dividends are from overpaying on insurance. 10. Fees in Whole life.
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Farming Without the Bank Podcast
3w ago
So many people hear a 30-second clip of me talking about successful farmers and think I am an idiot. Yet, that is what I see. I see success because those looking find me and want to learn. Those who spend their time just scrolling are crying in their coffee rather than looking for solutions.
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Farming Without the Bank Podcast
1M ago
How much you pay is really set on how you are thinking. Rethink your thinking.
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Farming Without the Bank Podcast
1M ago
Let's bust some myths and let the record be set straight. The five myths we talk about in this episode are: 1. You borrow your money, 2. Premium is post-tax, 3. You collect the interest on loans, 4. You can use Universal Life products for IBC, and 5. You don't have to repay loans.
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Farming Without the Bank Podcast
1M ago
People often use incorrect terminology when they talk about their life insurance policies and IBC. So let's go over the real meaning of the terms: Pull money, Take money, Tax-Free, Tax-Free Retirement, and IBC policy.
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Farming Without the Bank Podcast
1M ago
It's hard to remember that our cash value is liquid and we get to use it. We have been programmed to think we will never see that money again. Remember, when you pay premium, a portion of that premium is available to you right away. You are not giving up access to every dollar you put in.
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Farming Without the Bank Podcast
2M ago
If you are questioning how you are going to pay for the new piece of equipment, more cattle, or even a life insurance premium, then build it into your accounting. Successful operations have the costs built in; they don't just hope and pray they will have enough. Many ask how they can get away from the bank. If you want to do that, then build your life insurance premium into your expenses. It's a cost of doing business.
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Farming Without the Bank Podcast
2M ago
Where would you rather put your money? So many are not thinking correctly. Rethink your thinking!
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Farming Without the Bank Podcast
2M ago
After talking to over two thousand farmers over the years, I may know a thing or two, and I definitely have an opinion on a thing or two.
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