Without the Bank Podcast

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

There are critical differences between spending money and investing money. Let's look at the importance of mindset when dealing with financial decision making. Audio Production by Podsworth Media - https://podsworth.com 

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

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

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

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

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

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

Today we are exploring the critical issue of 'stealing the peas'—taking 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. Audio Production by Podsworth Media - https://podsworth.com 

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

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

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

Dive into Nelson Nash's 'Becoming Your Own Banker' as we discuss the infinite banking concept, clarify misconceptions, and review key ideas from the introduction. Audio Production by Podsworth Media - https://podsworth.com 

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

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

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

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

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

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

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

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

Many think they understand IBC and then ask questions that indicate they have missed then entire concept. Let's talk about what this means. Audio Production by Podsworth Media - https://podsworth.com 

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

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

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

IBC provides the solutions for needing liquidity, control, and guarantees. That is not provided in a traditional banking setting. Audio Production by Podsworth Media - https://podsworth.com 

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

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

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

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

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

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

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

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

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

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

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