Without the Bank Podcast

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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

Mary Jo Irmen


    • Jun 19, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 18m AVG DURATION
    • 223 EPISODES


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    Latest episodes from Without the Bank Podcast

    Ep. 223 - Codie Sanchez Meets Infinite Banking

    Play Episode Listen Later Jun 19, 2025 52:31


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

    Ep. 222 - The IUL Illusion

    Play Episode Listen Later Jun 13, 2025 45:23


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

    Ep. 221 - Don't Bank on Bad Habits

    Play Episode Listen Later Jun 6, 2025 28:46


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

    Ep. 220 - The "Cheap" Life Insurance That Could Leave You Broke

    Play Episode Listen Later May 29, 2025 29:31


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

    Ep. 219 - 3 Things That Truly Matter When Buying a Policy

    Play Episode Listen Later May 23, 2025 32:47


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

    Ep. 218 - Roth or Whole Life? The Better Tool for IBC

    Play Episode Listen Later May 15, 2025 14:53


    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 

    Ep. 217 - Dave Ramsey Isn't Wrong: Addressing Inflation

    Play Episode Listen Later May 9, 2025 30:53


    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 

    Ep. 216 - Wealth is Relative... and Squirrels, with Tarisa Shelton

    Play Episode Listen Later May 2, 2025 32:46


    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 

    Ep. 215 - Holding Life Insurance to a Different Standard, with Tarisa Shelton

    Play Episode Listen Later Apr 24, 2025 28:31


    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 

    Ep. 214 - 6 Ways Life Insurance Premiums Are Like Mortgage Payments, with Tarisa Shelton

    Play Episode Listen Later Apr 18, 2025 18:20


    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 

    Ep. 213 - Use It or Lose It, with Tarisa Shelton

    Play Episode Listen Later Apr 11, 2025 29:03


    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 

    Ep. 212 - Real Estate Views: Banks vs. Investors, w/ Tarisa Shelton

    Play Episode Listen Later Apr 4, 2025 33:43


    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 

    Ep. 211 - Our Personal Real Estate Experiences, with Tarisa Shelton

    Play Episode Listen Later Mar 27, 2025 34:50


    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 

    Ep. 210 - Having Equity in the Wrong Place, with Tarisa Shelton

    Play Episode Listen Later Mar 20, 2025 21:58


    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 

    Ep. 209 - How Nelson Nash's Real Estate Story is Relevant Today, with Tarisa Shelton

    Play Episode Listen Later Mar 13, 2025 25:17


    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 

    Ep. 208 - Meet Tarisa Shelton

    Play Episode Listen Later Mar 7, 2025 19:54


    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 

    Ep. 207 - Infinite Banking for Entrepreneurs and Business Owners

    Play Episode Listen Later Feb 28, 2025 14:06


    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 

    Ep. 206 - Use Retirement Now, Don't Segregate Your Money

    Play Episode Listen Later Feb 21, 2025 13:29


    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 

    Ep. 205 - Does Your Agent Really Know IBC?

    Play Episode Listen Later Feb 14, 2025 16:44


    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 

    Ep. 204 - Stop Asking Why, Start Asking How

    Play Episode Listen Later Feb 7, 2025 18:36


    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 

    Ep. 203 - Spending vs. Investing

    Play Episode Listen Later Jan 31, 2025 11:36


    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 

    Ep. 202 - Do Banks Care About Policy Loans?

    Play Episode Listen Later Jan 24, 2025 9:18


    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 

    Ep. 201 - What if I Can't Pay My Premium?

    Play Episode Listen Later Jan 17, 2025 12:16


    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 

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    Ep. 200 - Don't Judge a Book by it's Cover

    Play Episode Listen Later Jan 10, 2025 14:02


    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 

    Ep. 199 - It's Not One & Done

    Play Episode Listen Later Jan 3, 2025 14:28


    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 

    audio production podsworth media
    Ep. 198 - Loan Interest & Making Loan Payments

    Play Episode Listen Later Dec 27, 2024 10:38


    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 

    Ep. 197 - The Noise is Loud

    Play Episode Listen Later Dec 20, 2024 13:19


    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 

    Ep. 196 - Are You Stealing the Peas?

    Play Episode Listen Later Dec 13, 2024 11:16


    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 

    Ep. 195 - What Should I Take a Loan For?

    Play Episode Listen Later Dec 6, 2024 15:53


    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 

    loans audio production podsworth media
    Ep. 194 - The Truth

    Play Episode Listen Later Nov 29, 2024 14:14


    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 

    audio production podsworth media
    Ep. 193 - Uninsurable & Too Old?

    Play Episode Listen Later Nov 22, 2024 13:33


    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 

    audio production podsworth media
    Ep. 192 - Intro to Becoming Your Own Banker

    Play Episode Listen Later Nov 15, 2024 9:48


    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 

    Ep. 191 - Pt 2 of IBC Hang-Ups

    Play Episode Listen Later Nov 8, 2024 18:55


    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 

    Ep. 190 - 5 Hangups of IBC

    Play Episode Listen Later Oct 31, 2024 14:45


    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 

    Ep. 189 - For the Love of Pete, They Are Lying!

    Play Episode Listen Later Oct 24, 2024 11:36


    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 

    Ep. 188 - Why Aren't You Being Told?

    Play Episode Listen Later Oct 17, 2024 15:24


    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 

    ibc audio production podsworth media
    Ep. 187 - Imagination

    Play Episode Listen Later Oct 10, 2024 11:26


    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 

    Ep. 186 - Dividends Do Get Paid

    Play Episode Listen Later Oct 4, 2024 13:37


    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 

    Ep. 185 - Why Business Costs Always Reach the Consumer

    Play Episode Listen Later Sep 26, 2024 16:07


    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 

    Ep. 184 - Self-Insuring

    Play Episode Listen Later Sep 19, 2024 9:49


    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 

    Ep. 183 - I Understand, BUT...

    Play Episode Listen Later Sep 12, 2024 11:02


    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 

    ibc audio production podsworth media
    Ep. 182 - Discounted Dollars

    Play Episode Listen Later Sep 5, 2024 12:18


    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 

    Ep. 181 - What Does "You Become the Banker" Really Mean?

    Play Episode Listen Later Aug 30, 2024 9:37


    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 

    Ep. 180 - Riches in the Niches

    Play Episode Listen Later Aug 22, 2024 14:39


    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 

    Ep. 179 - IBC vs. Traditional Banking

    Play Episode Listen Later Aug 15, 2024 12:29


    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 

    Ep. 178 - Why IBC Shines During Market Downturns

    Play Episode Listen Later Aug 8, 2024 21:54


    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 

    Ep. 177 - Premium First or Loan First?

    Play Episode Listen Later Aug 1, 2024 11:42


    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 

    Ep. 176 - Banks Know

    Play Episode Listen Later Jul 26, 2024 12:26


    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 

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    Ep. 175 - Prepare in the Good Times for the Bad Times

    Play Episode Listen Later Jul 18, 2024 12:18


    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 

    Ep. 174 - Who Are You Taking Advice From?

    Play Episode Listen Later Jul 11, 2024 13:40


    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 

    Ep. 173 - Client Interview: Justin Freswick

    Play Episode Listen Later Jul 5, 2024 26:14


    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 

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