Farming Without the Bank Podcast

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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, cr…

Mary Jo Irmen


    • May 30, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 22m AVG DURATION
    • 304 EPISODES

    Ivy Insights

    The Farming Without the Bank Podcast is an incredible resource for anyone interested in learning about the Infinite Banking Concept and how it can benefit farmers. Hosted by Mary Jo, this podcast is filled with valuable information and Mary Jo and her team are great to work with. They are always willing to answer questions and help listeners understand any concepts they may have.

    One of the best aspects of this podcast is the amount of information that is shared. Mary Jo goes into great detail about the Infinite Banking Concept and provides real-life examples and stories to help listeners fully grasp the concept. She also offers practical advice on how to implement these strategies in a farming context. The continuing service provided by Mary Jo and her team is unmatched, as they are dedicated to helping their clients succeed with their banking systems.

    Another great aspect of this podcast is Mary Jo's knowledge and bluntness. She presents information in a straightforward manner, which makes it easy for listeners to understand. Her expertise in this field shines through, and she is able to flesh out concepts that may have been heard of before but never pursued.

    There really aren't many negative aspects of The Farming Without the Bank Podcast. However, one small drawback could be that some episodes may be too focused on farming for those who are not involved in this industry. However, even if you're not a farmer, there is still plenty of valuable information that can be applied to other areas of finance.

    In conclusion, The Farming Without the Bank Podcast is a must-listen for anyone interested in learning about the Infinite Banking Concept, particularly within a farming context. Mary Jo's expertise and dedication make this podcast an invaluable resource for farmers looking to improve their financial situation. Whether you're just starting out or have been following Mary Jo's work for years, this podcast will provide you with valuable insights and practical advice that can help you achieve financial success.



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    Latest episodes from Farming Without the Bank Podcast

    Ep. 304 - You Don't Need Big Money to Start IBC

    Play Episode Listen Later May 30, 2025 18:22


    Let's discuss why starting small with infinite banking is not only possible but powerful. Today, we're looking at real-life examples and challenging the idea that you need big money to build lasting financial security. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 303 - Scammers At It Again!

    Play Episode Listen Later May 23, 2025 18:06


    Today we're diving into recent life insurance scams and highlighting the dangers of working with unqualified or misleading agents. Learn why due diligence, proper policy structure, and working with experienced professionals are critical to protecting your financial future. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 302 - Risks of Transferring Policies to Kids

    Play Episode Listen Later May 16, 2025 16:16


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

    Ep. 301 - MILLENNIALS Saving Farms

    Play Episode Listen Later May 9, 2025 26:33


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

    Ep. 300 - How Many Acres Do You Farm?

    Play Episode Listen Later May 2, 2025 17:50


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

    Ep. 299 - Not Everyone is a Top 3-Percenter

    Play Episode Listen Later Apr 25, 2025 16:39


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

    Ep. 298 - Don't Compare & Take a Breath

    Play Episode Listen Later Apr 18, 2025 17:32


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

    Ep. 297 - Capitalization of Land vs. Whole Life Policies

    Play Episode Listen Later Apr 11, 2025 15:46


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

    Ep. 296 - The Problem, with John Hasche

    Play Episode Listen Later Apr 4, 2025 11:49


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

    Ep. 295 - Don't Sell to China or the Highest Bidder

    Play Episode Listen Later Mar 28, 2025 15:38


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

    Ep. 294 - Imagination & the Grocery Store, with John Hasche

    Play Episode Listen Later Mar 21, 2025 11:37


    In this episode, John joins us to review Chapter 3 & 4 of Becoming Your Own Banker, exploring the power of imagination, and breaking down Nelson Nash's grocery store analogy to explain the process of building and maintaining a whole life insurance policy. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 293 - Agricultural Education

    Play Episode Listen Later Mar 14, 2025 17:18


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

    Ep. 292 - How Infinite Banking Got Started

    Play Episode Listen Later Mar 7, 2025 27:24


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

    Ep. 291 - BYOB Intro Review & Becoming Your Own Banker

    Play Episode Listen Later Feb 28, 2025 40:06


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

    Ep. 290 - I Don't Do Business Via Email

    Play Episode Listen Later Feb 21, 2025 10:38


    Let's discuss the pitfalls of conducting business via email, especially when it comes to seeking financial illustrations and advice. Don't fall for quick email transactions; instead, invest time in proper financial planning to ensure you make informed decisions. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 289 - Using Your Operating Line to Pay Premium

    Play Episode Listen Later Feb 14, 2025 16:01


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

    Ep. 288 - Client Interview: Brian Munger

    Play Episode Listen Later Feb 7, 2025 41:38


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

    Ep. 287 - Mary Jo on the Wealthy Cowboy Show

    Play Episode Listen Later Jan 31, 2025 66:37


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

    Ep. 286 - Talking 1980's Crisis Again

    Play Episode Listen Later Jan 24, 2025 18:16


    We are discussing the importance of preparing for economic downturns and the benefits of using life insurance policies for financial control and stability. We need to be thinking long-term in the good times and bad times. Audio Production by Podsworth Media - https://podsworth.com 

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    Ep. 285 - When Can I Stop Paying Premium?

    Play Episode Listen Later Jan 17, 2025 13:43


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

    Ep. 284 - Yes, $30 Million to Retire. Future Requirements.

    Play Episode Listen Later Jan 10, 2025 18:07


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

    Ep. 283 - Don't Judge a Book by Its Cover

    Play Episode Listen Later Jan 3, 2025 14:45


    There is a difference between farming and running a farm business. In this episode, we're addressing misconceptions about farmers and their finances, the importance of being open-minded and knowledgeable, challenges of marketing, and the importance of networking in agriculture. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 282 - Different Perspectives Can Be Good

    Play Episode Listen Later Dec 28, 2024 13:27


    Today we discuss the importance of considering different perspectives and continuous learning. It's a challenge for some, but we must embrace new ideas and technologies for the sake of personal growth in life and work. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 281 - Who Owns All the Land?

    Play Episode Listen Later Dec 20, 2024 13:31


    Let's explore who actually owns all the land in the United States. We all know Bill Gates gets a lot of hate for buying up ground, but where does he actually rank among land owners? Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 280 - What the Yellowstone TV Shows Know About Ranching

    Play Episode Listen Later Dec 13, 2024 15:28


    In this episode, we dive into the recent Yellowstone episode, highlighting the financial lessons that resonate with real-life ranching and farming scenarios. Let's discuss the importance of running a ranch like a business, handling taxes wisely, and the pitfalls of poor estate planning. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 279 - You Determine the Value

    Play Episode Listen Later Dec 6, 2024 17:30


    The value of goods like vehicles, houses, and land is driven by what people are willing to pay. Today we're talking about high living costs as a result of our own human behavior, emotional decisions, and the lack of spending limits. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 278 - Why Premium Drops

    Play Episode Listen Later Nov 29, 2024 10:19


    Explore the intricacies of whole life and learn why my illustrations often show a decrease in premium. We are taking a closer look at policy structure, MEC, payment splits, and financial planning considerations. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 277 - Land Trust, with Taylor Moyer

    Play Episode Listen Later Nov 22, 2024 52:17


    Tune in for an enlightening discussion with Taylor Moyer about LandTrust, a platform helping farmers and ranchers monetize their land through hunting, fishing, and other recreational activities. We're discussing liability, earnings potential, and how landowners can seamlessly integrate this revenue stream while maintaining control over their property. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 276 - You're NOT Debt-Free!

    Play Episode Listen Later Nov 15, 2024 8:43


    Borrowing against life insurance policies does not make you debt-free! Think logically, be financially responsible, and understand that moving debt doesn't eliminate it. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 275 - Don't Assume They Know Me

    Play Episode Listen Later Nov 8, 2024 12:07


    Be careful who you trust to set up a policy for you! Here are some tips on identifying authorized practitioners and ensuring you are getting accurate information. Audio Production by Podsworth Media - https://podsworth.com 

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    Ep. 273 - Life Insurance is NOT an Investment!

    Play Episode Listen Later Nov 1, 2024 13:43


    Life insurance offers guarantees, liquidity, control, and uninterrupted compound interest, which makes it fundamentally different from traditional investments with returns. Understand your policy so you can sift through the sea of noise created by financial advisors. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 273 - Yes, Charge Family Interest!

    Play Episode Listen Later Oct 25, 2024 14:32


    Learn the significance of charging interest when lending money to family members. We're discussing how adopting the role of an honest banker will not only minimize lost opportunity costs, but actually benefit both the lender and the borrower in the end. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 272 - Why Loans Don't Make You Money

    Play Episode Listen Later Oct 18, 2024 13:20


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

    Ep. 271 - Meet John Hasche

    Play Episode Listen Later Oct 11, 2024 17:50


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

    Ep. 270 - Starting IBC During Hard Times

    Play Episode Listen Later Oct 4, 2024 17:35


    Let's talk about starting using IBC during challenging economic times, especially when commodity prices are low. It's all about being strategic, beating Parkinson's Law, and maintaining financial control. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 269 - The Importance of Strategic Planning

    Play Episode Listen Later Sep 27, 2024 14:30


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

    Ep. 268 - The Power of Owning a Whole-Life Policy

    Play Episode Listen Later Sep 20, 2024 11:28


    The owner has ALL the control and owns that asset. No one can ever change that; not even if you die before the insured. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 267 - 5 Reasons IBC is Not a Money Market

    Play Episode Listen Later Sep 13, 2024 14:27


    Some miss the point of IBC being done through dividend paying whole life insurance policies, and they think a money market is the same. There are 5 big reasons why they are not even close to the same. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 266 - Four Reasons I Don't Like LLCs for Farming

    Play Episode Listen Later Sep 6, 2024 19:52


    Here are the four things I run into when I see farms in LLCs. There are good reasons to have an LLC, but unless you do your setup and maintenance right, you will actually be hurting further generations. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 265 - Who's Saving the Farm?

    Play Episode Listen Later Aug 30, 2024 20:41


    We have far too many current farm owners who are in debt, and the next generation is trying desperately to save the farm by putting themselves at risk. This has to stop! Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 264 - When to Quit Your Day Job

    Play Episode Listen Later Aug 23, 2024 34:39


    Shane Anderson talked to us about how he made the decision to quit working off the farm and farm full-time. Tune in! We have solid advice about how to do it. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 263 - Stay Openminded

    Play Episode Listen Later Aug 16, 2024 16:33


    So many people, ag industry included, want to be quick to make the judgment that, "people don't understand us." Let me encourage you to stay openminded, look at both sides of the story, and teach and communicate well with people instead of fighting and being short. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 262 - Are You Prepared?

    Play Episode Listen Later Aug 9, 2024 17:22


    With commodity prices the way they are now, so many folks are scrambling, yet we have had some decent years in the past. Are you preparing in the good times for the bad times. Are you really looking at your numbers to make sure you are making a profit? Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 261 - You'd Find a the Money for Land and Equipment

    Play Episode Listen Later Aug 2, 2024 12:11


    If the land next door became available, you'd find the money for the land payment... yet many wonder where the money will come from for their IBC policy. Let's talk about it. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast)

    Play Episode Listen Later Jul 26, 2024 64:29


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

    Ep. 259 - Online Noise

    Play Episode Listen Later Jul 19, 2024 25:48


    As a consumer, you have to be able to weed through the noise and realize you may actually be smarter than the keyboard warriors online. Let's address some of the comments we can find online in forums that have zero merit. Audio Production by Podsworth Media - https://podsworth.com 

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    Ep. 258 - Self-Insuring and Crop Insurance

    Play Episode Listen Later Jul 12, 2024 16:40


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

    Ep. 257 - Can You Take a Month Off?

    Play Episode Listen Later Jul 5, 2024 17:29


    Is your farm setup well enough to take a month off? My business is not. This is definitely something to think about. Audio Production by Podsworth Media - https://podsworth.com 

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    Ep. 256 - What is the Infinite Banking Concept?

    Play Episode Listen Later Jun 28, 2024 11:47


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

    Ep. 255 - Busting More Myths

    Play Episode Listen Later Jun 21, 2024 16:13


    Let's bust more myths: companies don't pay claims; premiums increase; companies collapse; whole life is expensive; and any agent can help with IBC. Audio Production by Podsworth Media - https://podsworth.com 

    Ep. 254 - Barn Talk Interview

    Play Episode Listen Later Jun 14, 2024 98:40


    I had the privilege of being on the Barn Talk podcast a year ago and want to share that with you guys today. Enjoy! Audio Production by Podsworth Media - https://podsworth.com 

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