Shows
Without the Bank PodcastEp. 217 - Dave Ramsey Isn't Wrong: Addressing InflationThis 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 2025-05-0930 min
Without the Bank PodcastEp. 216 - Wealth is Relative... and Squirrels, with Tarisa SheltonIn 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 2025-05-0232 min
Without the Bank PodcastEp. 215 - Holding Life Insurance to a Different Standard, with Tarisa SheltonWhy 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 2025-04-2528 min
Farming Without the Bank PodcastEp. 287 - Mary Jo on the Wealthy Cowboy ShowJoin 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 2025-01-311h 06
Infinite Banking InitiativeMary Jo IrmenFarming Without the BankEver wish you had more control over your money? In this video, Mary Jo Irmen, an expert in the Infinite Banking Concept, shares her incredible journey and reveals how IBC can revolutionize the way you think about money.Discover the power of "Becoming Your Own Banker" and learn how this strategy, built on dividend-paying whole life insurance, can help you achieve financial freedom and build lasting wealth. This video is packed with valuable information for anyone looking to improve their financial literacy and explore alternative banking strategies. Whether you're an entrepreneur, a...2025-01-2745 min
The Wealthy Cowboy ShowEp 050 - Breaking the Mold: How Mary Jo Irmen is Redefining Farm FinancesMary Jo Irmen grew up in a farming family that operated pretty similar to most other farms. What she didn’t know is that there was another way to run the financial side of the operation. She already had a career in insurance selling property and casualty and passed off her life insurance clients to someone else because she didn’t have any interest in it until she discovered what could be done with it. After learning about the Infinite Banking Concept there was no turning back. Mary Jo dove head first into lear...2024-12-3100 min
Impact FarmingFinancial Freedom For Farmers | Featuring Mary Jo Irmen of Farming Without The Bank | Episode 253 of The Impact Farming ShowIn this week’s episode, Tracy speaks to Mary Jo Irmen, author of Farming Without the Bank, about “Financial Freedom for Farmers.” As farmers, we are constantly borrowing money, paying huge amounts of interest, signing it all over to the bank, and then hoping and praying that we are not actually just one or two bad years away from losing it all. Have you ever thought to yourself, “There must be a better way to do this” regarding Farming and banking? Well, if so, you will want to catch this episode. Mary Jo ope...2024-12-051h 12
Farming Without the Bank PodcastEp. 260 - Financial Freedom for Farmers (MJ on the Farm4Profit Podcast)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...2024-07-261h 04
Farm4Profit PodcastFinancial Independence in Farming w/ Mary Jo IrmenBuilding Financial Independence in Farming: A Conversation with Mary Jo IrmenIntroduction:Today, we're excited to have Mary Jo Irmen, founder of WithoutTheBank.com, joining us to discuss how she helps farmers achieve financial independence.Mary Jo, could you start by giving us a brief overview of your background and how you got involved in helping farmers with their finances?It was never my intent to teach the world about the Infinite Baking Concept much less write two books. However, sometimes in life things find you and in the 2008 the stock market...2024-05-271h 09
Future of AgricultureFoA 384: Infinite Banking and Farming Without the Bank With Mary Jo IrmenPut AI to work on your farm: https://farmwave.io/Farming Without The Bank: https://www.farmingwithoutthebank.com/"Becoming Your Own Banker" by R. Nelson NashFarming Without The Bank PodcastMary Jo Irmen is the author of the book Farming Without the Bank and a Infinite Banking Concept Practitioner who has set out to change how the farming industry is financed. She has helped farmers for 13 yrs see that there are financial solutions for them and the next generations. Mary Jo's mission is to take a 100 year old financial process...2023-10-1145 min
Barn TalkHow to Build a Successful Farming Operation: Expert Financial Strategies and Infinite Banking w/Mary Jo IrmenWelcome to Barn Talk! What happens at the barn, stays in the barn, but not today! We’re letting it all out. In this episode we have Mary Jo Irmen on the show, she is the host, author and Farm Finance Strategist of Farming without the bank. Discover the importance of expert mediation, the pitfalls of non-family member attorneys. Uncover the intriguing world of infinite banking and its potential for financial success in farming.
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Banking With Life PodcastJames is a Guest on the Farming Without the Bank Podcast - Mary Jo Irmen - (BWL #0164)In this special episode, James is a guest on the Farming Without the Bank Podcast with Mary Jo Irmen. They share their conversation between old friends with you the listener! As always, we hope you enjoy and thank you for listening! Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!━━━ Original Podcast Link: www.youtube.com/watch?v=69tCtEBssSs&t=4sMary Jo's Website/Book Link www.farmingwithoutthebank.com/Her YouTube Channel www.youtube.com/@MaryJoIrmen━━━Become a client! ➫ www.bankingwithlif...2023-03-101h 00
Working Cows - Regenerative Ranching to Maximize Profitability and Soil HealthEp. 285 – Mary Jo Irmen – Building a Financial TeamMary Jo Irmen of Farming Without the Bank joined me to talk about building a financial team. Who should on our team? What should their roles be? What should we expect from them? We discuss all this and more on this episode.
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Ep. 255 Mary Jo Irmen – Knowing Where You St...2023-03-061h 00Banking With Life PodcastFarming Your Future - Mary Jo Irmen - (BWL POD #0153)In this episode of The Banking With Life Podcast, James sits down with his good friend Mary Jo Irmen and she shares her experience becoming her own banker and also becoming an NNI Practitioner! She's a best-selling author of several books including "Farming Without the Bank" and her newest book "Life Without the Bank"! As always, we hope you enjoy and thank you for listening!Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!━━━Mary Jo's Website/Book Link www.farmingwithoutthebank.com/Her YouTube Channe...2022-12-161h 55Working Cows - Regenerative Ranching to Maximize Profitability and Soil HealthEp. 255 – Mary Jo Irmen – Knowing Where You StandMary Jo Irmen of Farming Without the Bank joined me to discuss the power of knowing where you stand. Primarily we talked about the power of knowing where you stand financially and knowing where you stand with regard to vision and mission.
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2022-08-2345 min
Wade Borth - Sage Wealth StrategyIBC Unfiltered with Mary Jo Irmen - Part 3For the last part of Mary Jo Irmen and Wade’s three-part talk, Mary Jo talks more about her two books: Farming Without the Bank and Without the Bank. They also discuss changing the vicious cycle in farming and what are the common problems why most farms are not making enough money. Coming from a family of farmers, Mary Jo shares what she thinks are the purchasing and taxation decisions that greatly impact the cash flow of most farmers. Highlights Mary Jo’s books. - 0:47 How can we use what Nelson is teaching us? - 4:13 Chan...2022-03-0118 min
Wade Borth - Sage Wealth StrategyIBC Unfiltered with Mary Jo Irmen - Part 2In this second part of his discussion with Mary Jo Irmen, founder of Farming Without The Bank and Life Without The Bank, Wade talks to her about the banking system and people’s behavior towards spending and earning money. Mary Jo also shares her experiences working with and empowering farmers. Together, they discuss the concepts behind infinite banking, dealing with banks, and the paradox of making a choice. Highlights How much money flows through a farmer’s hand that you never see? - 1:03 Money has to reside somewhere it has to flow. - 2:53 What the infi...2022-02-2227 min
Wade Borth - Sage Wealth StrategyIBC Unfiltered with Mary Jo Irmen - Part 1Wade is joined by a colleague, author, and founder of Farming Without The Bank AND Life Without The Bank. Wade and Mary Jo are not only long-time friends but share a deep passion for IBC. Listen in as they share their stories, perspectives, and unfiltered thoughts on the banking process! Highlights Who is Mary Jo Irmen and how did she come to IBC? - 1:25 Having spouses on the same page as you totally understand it. - 5:11 Is Nelson teaching the concept of the rates of return? - 8:53 You’re not getting anywhere at 3 percent. - 10:32 Th...2022-02-1523 min
Wealth On Main Street61. Life Without The Bank with Mary Jo IrmenMary Jo Irmen is the author of the book Farming Without the Bank and a Farm Finance Strategist. She is changing how the farming industry is financed and helps farmers see that there are financial solutions for them and the next generations. Mary Jo's mission is to take a 100-year-old financial process and turn it around by making the bank plan B rather than plan A, give farmers their financial control back, and allowing the next generation to take over without having to buy the farm from the bank again.
Get your copy of Life Without The...2021-05-0430 min
Farming Without the Bank PodcastEp. 88 - Getting Your Employer to Give You the MatchHow do you get your employer to give you the match so you can use it for Infinite Banking? I am not sure I have the answer, but I do have some input on the subject, so listen in! Audio Production by Podsworth Media.2021-04-0218 min
Without the Bank PodcastEp. 5 - Cash is NOT King; Cash FLOW Is!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. Audio Production by Podsworth Media.2021-03-2710 min
Farming Without the Bank PodcastEp. 87 - But, I Can Get a Higher RORAnother chapter review out of Nelson's book, Becoming Your Own Banker. The Infinite Banking Concept does not talk about rates of return because it's not about a rate of return. It's about owning the bank and being the banker. Here I go over that chapter in his book. Audio Production by Podsworth Media.2021-03-2614 min
Without the Bank PodcastEp. 4 - What is IBC?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. Audio Production by Podsworth Media.2021-03-2015 min
Farming Without the Bank PodcastEp. 86 - Scarcity vs. Abundance MindsetWhat we think and how we think truly affects what happens to us. In this episode, I talk about thinking positively and remaining abundant and how that will help, versus staying negative all the time. We all know those people who are just Negative Nellies, and nothing ever seems to go right for them. Then there are those who make the most of every situation. In life, clearly the abundance mindset wins. Audio Production by Podsworth Media.2021-03-1922 min
Without the Bank PodcastEp. 3 - Being an Honest BankerHave 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. Audio Production by Podsworth Media.2021-03-1314 min
Farming Without the Bank PodcastEp. 85 - What It Means to Be the BankerIf you are paying interest to the life insurance company and the bank for loans, then why would you have a life insurance company? What does it mean to be the banker if you lose interest? This is a great question which we address in this episode. Audio Production by Podsworth Media.2021-03-1216 min
Without the Bank PodcastEp. 2 - Conditioned ThinkingWe 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. Audio Production by Podsworth Media.2021-03-0622 min
Farming Without the Bank PodcastEp. 84 - How to Get A Generation to ListenWe all have issues with another generation and them not listening to our advice or thoughts. Many think it's their parents, and some think it's their kids! In this episode, I talk about how to get them to listen and if it's even possible! Audio Production by Podsworth Media.2021-03-0525 min
Farming Without the Bank PodcastEp. 83 - Paying Yourself Back for Cash PurchasesHere is the answer to your question of, "How am I supposed to pay myself back for cash purchases?" Many people do not get this because they feel they do not have the money. Here is your answer! Audio Production by Podsworth Media.2021-02-2619 min
Farming Without the Bank PodcastEp. 82 - Taxes, 7702, and IBC Scam AccusationsIn this episode, I address what you can and can't write off on your taxes by using the policy, tax code 7702 changes, and how that will affect the policies going forward. I also address the video done by a certain talking head (you probably know who) regarding IBC being a scam. Enjoy! Audio Production by Podsworth Media.2021-02-1918 min
Farming Without the Bank PodcastEp. 81 - Control & the Cost of AcquisitionIn this episode, I talk about the real reason behind Infinite Banking and what people are forgetting, as well as tying in Nelson's chapter, "Cost of Acquisition", and how we forget our time is worth something. Audio Production by Podsworth Media.2021-02-1218 min
Without the Bank PodcastEp. 1 - IntroductionAudio Production by Podsworth Media - https://podsworth.com2021-02-1114 min
Farming Without the Bank PodcastEp. 80 - High Prices and Extra CashWith commodity prices high, it may be a perfect time to change the insanity of what you are doing and start your own bank or maybe even pay down some debt with that, but for the love of Pete, do NOT avoid taxes with unnecessary spending. Audio Production by Podsworth Media.2021-02-0524 min
Farming Without the Bank PodcastEp. 79 - The Retirement TrapBack to Nelson Nash's book, Becoming Your Own Banker. On this episode, we talk about the idea of retirement. Most farmers do not consider retiring, which can be good, but this is something we should consider carefully. Audio Production by Podsworth Media.2021-01-2928 min
Farming Without the Bank PodcastEp. 78 - Loan Interest and Human Life ValueHere we clear up what to do with that extra interest you pay to yourself when you are an honest banker. We also address the question of how many policies a person can have on himself or herself. Audio Production by Podsworth Media.2021-01-2219 min
Farming Without the Bank PodcastEp. 77 - Capitalization and ImplementationAnother chapter review from Becoming Your Own Banker. Why you should capitalize, why it's a lifetime commitment, who to use, and when to get started. Audio Production by Podsworth Media.2021-01-1519 min
Farming Without the Bank PodcastEp. 76 - Equipment Financing, Pt. 2Here is Part 2 of Equipment Financing from Becoming Your Own Banker. I explain some of the numbers in this chapter and why you need to use your imagination, reason, and logic. Audio Production by Podsworth Media.2021-01-0825 min
Farming Without the Bank PodcastEp. 75 - Equipment Financing, Pt. 1We are back to Nelson Nash's book, Becoming Your Own Banker, and we are talking about the equipment financing chapter. I go over the four really big things in just the first two pages of this chapter. Tune in to hear them. Audio Production by Podsworth Media.2021-01-0130 min
Farming Without the Bank PodcastEp. 74 - Loan Rates Don't Always MatterMany are hung up on interest rates when they should be hung up on liquidity and control of money. I personally experienced the pain, once again, of trying to get a loan from a bank. Having liquid money sure does make things easier. Is "easier" worth a little more interest rate? You'll hear my story of trying to get a loan and why I'd rather pay more interest to save myself the time of answering stupid questions. Audio Production by Podsworth Media.2020-12-2519 min
Farming Without the Bank PodcastEp. 73 - Security of Life Insurance if the U.S. Dollar CrashesWhat happens if we have hyper-inflation and the U.S. dollar is worthless? Does our policy survive? That is the hot-button question at the moment, just as it was 11 years ago when I started teaching Infinite Banking. I address this question in this episode. Like it or not, there is not a sure-fire answer to any of this. Audio Production by Podsworth Media.2020-12-1819 min
Farming Without the Bank PodcastEp. 72 - Where Does the Extra Loan Interest Go?Nelson Nash and I both talk about being an honest banker and paying yourself back PLUS interest, but where does that extra money go? Infinite Banking teaches us to be honest and pay ourselves more, so I address why this money may or may not fit in the policy and why Nelson had 49 policies. Audio Production by Podsworth Media.2020-12-1119 min
Farming Without the Bank PodcastEp. 71 - Only You Will Take Care of YouIn this episode, I address those family and friends who may be non-believers and are holding you back from taking the next step. It's a great episode to get you to think about whether they are going to take care of you financially or if that is up to you. Experience and opinion are two very different things. Audio Production by Podsworth Media.2020-12-0423 min
Farming Without the Bank PodcastEp. 70 - How Nelson Paid Off DebtIn this episode, I go over how Nelson moved his debt from the banks to life insurance policies and why that led to 49 policies. Audio Production by Podsworth Media.2020-11-2720 min
Farming Without the Bank PodcastEp. 69 - Be The Light, with Tim BickettTim Bickett and I talk about Being the Light, letting those who have made a difference in your life know it and adding them to your estate planning. This is a great episode to share with family and take action on. Audio Production by Podsworth Media.2020-11-2047 min
Farming Without the Bank PodcastEp. 68 - Clearing Up Taxes on Life InsuranceMany times terminology on how life insurance is taxed is incorrect. In this episode, I really go over and correct the language and clear up the understanding of how death benefit and cash value are taxed, if they are taxed. This is very important so please pay attention. Audio Production by Podsworth Media.2020-11-1321 min
Farming Without the Bank PodcastEp. 67 - Business Advice and Honoring Other’s StrengthsMany of you are selling direct to consumer and are needing to keep those clients after COVID is gone. I share a little bit of business advice on how to do that, what you need to keep your business strong, and why the strengths of everyone in any operation are key to recognize. I also get a bit passionate about handing over book work and not listening to the bookkeeper. These are all things in business you must have to build a strong foundation and be there for the long haul. Audio Production by Podsworth Media.2020-11-0633 min
Farming Without the Bank PodcastEp. 66 - Expanding the System to Accommodate All IncomeWe are back to another chapter of "Becoming Your Own Banker". This may be the most misunderstood chapter of of the book. You will learn why you need to be cautious if you are wanting to put every dollar through an IBC whole life policy. It is most likely not possible or not a good idea. Audio Production by Podsworth Media.2020-10-3025 min
Farming Without the Bank PodcastEp. 65 - Compared to What?We so often talk about comparing investments to life insurance or comparing ourselves to each other, but in this episode, I want to talk to you about comparing yourself to yourself. We all grow, so give yourself some grace to learn from where you were to where you are today. You are your worst critic. Audio Production by Podsworth Media.2020-10-2319 min
Farming Without the Bank PodcastEp. 64 - Back to the BasicsMany are so caught up in looking for the right company, the right policy structure, and numbers that they are forgetting about the basics of the Infinite Banking Concept. So we are going back to the basics in this episode. Audio Production by Podsworth Media.2020-10-1619 min
Farming Without the Bank PodcastEp. 63 - How to Start Building Your Own Banking SystemAnother review of Becoming Your Own Banker and why the Infinite Banking Concept is the missing peace to the financial puzzle. You'll learn who the characters in the play are and which one you want to be. Audio Production by Podsworth Media.2020-10-0931 min
The Infinite Wealth PodcastFarming Without The Bank | Mary Jo IrmenToday we interview fellow Infinite Banking Practitioner and best-selling author, Mary Jo Irmen. Mary Jo has authored Farming Without the Bank and her most recent book Wealth Without the Bank or Wall Street has helped establish her as the premier Farm Finance Consultant in the country. We discuss how and why she became an expert in her niche market; how her clients have been using this strategy to finance equipment and ultimately replace lines of credits with the banks and additionally we discuss what the biggest obstacles her clients have had in understanding IBC and how she has helped overcome it...2020-10-0640 min
Farming Without the Bank PodcastEp. 62 - Comparison and JealousyWe are taking a little diversion on this podcast to talk about how comparison is the thief of joy and how jealousy kills curiosity. These are not my normal topics, but I feel we need to discuss these issues as folks in the ag industry constantly tear each other apart. Audio Production by Podsworth Media.2020-10-0226 min
Farming Without the Bank PodcastEp. 61 - Interest Rates and DividendsI break down why interest rates themselves are not the most important thing and why dividends are not something you should be comparing companies on. There is far more to the Infinite Banking Concept than interest rates and dividends. Audio Production by Podsworth Media.2020-09-2521 min
Farming Without the Bank PodcastEp. 60 - Overpaying on Debt (15 vs. 30-Year Loan)Many people are trying to get debt paid off as soon as they can, but is that the best way to utilize money? In this episode, I go over why we may not want to overpay debt, why a 30-year mortgage may be better than a 15-year mortgage, and when is a good time to overpay and get debt paid down before starting an IBC policy. Audio Production by Podsworth Media.2020-09-1825 min
Farming Without the Bank PodcastEp. 59 - Creating an EntityToday we are breaking down another chapter from "Becoming Your Own Banker" on the Infinite Banking Concept. It deals with how life insurance is priced, why we want the companies to be picky, and our need for death benefit vs. cash. Listen in and enjoy! Audio Production by Podsworth Media.2020-09-1127 min
Farming Without the Bank PodcastEp. 58 - Being an Honest BankerThe Infinite Banking Concept teaches us to be honest bankers, and that not only goes for paying the policy loan back plus interest; it also applies to you using money from savings, capital investments, and getting discounts on land rent or tractor use. In this episode, I go over why it's so important to be honest and record these expenses correctly. Audio Production by Podsworth Media.2020-09-0422 min
Farming Without the Bank PodcastEp. 57 - Client Interview with Ryan MurrayToday we have another awesome client interview for you! I am speaking with Ryan Murray. He and his wife Annie are organic dairy farmers in upstate New York. Ryan has studied economics for a long time and really understood IBC when he encountered it. He and his wife are putting it to full use on the farm. Listen in; you won't want to miss this! Audio Production by Podsworth Media.2020-08-2836 min
Farming Without the Bank PodcastEp. 56 - Use It or Lose ItToday I discuss another chapter from Becoming Your Own Banker. Nelson talks about the fact that this concept is a change in mindset and not about a rate of return. It's about putting value on your own money and taking control of your personal finances. Yet again, we have another great example of why this is not just life insurance and why the policy is the tool. If you don't get this part down, you will not understand why you have the policy. Audio Production by Podsworth Media.2020-08-2126 min
Farming Without the Bank PodcastEp. 55 - Marketing, with Tim Bickett from the ARC GroupHarvesting and hauling right to the elevator leaves nothing but stress and guessing. What I have found is if you have the right help marketing your grain and the right people explaining how to do it, then you will earn a profit. So many do not market; they just sell based on today's prices and emotions. Do what the successful farmers are doing. Tim Bickett, who's a branch manager with the Ag Risk Consulting Group, helps you understand the how, what, and why's of marketing. Audio Production by Podsworth Media.2020-08-1442 min
Farming Without the Bank PodcastEp. 54 - The Arrival SyndromeIn this episode, we go over another chapter of Nelson Nash's book, "Becoming Your Own Banker". He talks about "the arrival syndrome" and how harmful it can be to think you know it all and have nothing to learn; it is the very thing that will keep you where you are and stop any growth. Even if you think I'm preaching to the choir about this, listen in for new angles on the importance of learning and how important it is to experiencing success with IBC and farming. Audio Production by Podsworth Media. 2020-08-0727 min
Farming Without the Bank PodcastEp. 53 - Life Insurance vs 401Ks & IRAsIn this episode, I tell you why we do not compare life insurance to investments. So many folks want to know rates of return, and when you study and implement the Infinite Banking Concept in its pure form, you understand why it is not comparable. Please listen in so you can understand liquidity, control, and guarantees. Audio Production by Podsworth Media.2020-07-3124 min
Farming Without the Bank PodcastEp. 52 - The Golden RuleThose with the gold make the rules. If you want to be the one making the rules and be in control, you need to be the banker. You must capitalize your account so you have something to borrow from. This episode breaks down yet another step of what is needed to become your own banker. Audio Production by Podsworth Media.2020-07-2424 min
Farming Without the Bank PodcastEp. 51 - Fun Suckers, Negative Nellies, & Keyboard WarriorsWe have a choice to either see potential or not, to build each other up or to tear each other down. In this episode, I point out some different ways of challenging yourself to think and be an opportunist. Be ready for an opportunity and grab it. This does not mean you are a bad person, yet the fun suckers, negative Nellies, and keyboard warriors will come out of the woodwork to bring us all down. They can't see because they have arrival syndrome. Today, we are breaking the barriers of broken thought processes! Audio Production by...2020-07-1722 min
Farming Without the Bank PodcastEp. 50 - Tiered Tax StructureMany do not understand how our tax system works in the U.S., so I share the very basics of what I know. Understanding this saves you money and puts things into perspective a little better for when you're thinking about buying things to avoid taxes. Audio Production by Podsworth Media.2020-07-1022 min
Farming Without the Bank PodcastEp. 49 - Why Shouldn't Farmers Be Rich?Society has led you believe that you should be broke because you farm for a living, that you should have to explain yourself if you have nice things, and that you should not have extra money for non-essentials or vacations. Why? Why shouldn't you? You run a business, and no one deserves an explanation for why you have what you have. In this episode, I share with you how silly this thought process is and why it needs to stop. Audio Production by Podsworth Media.2020-07-0318 min
Farming Without the Bank PodcastEp. 48 - My 2 Cents on Estate PlanningThis is my two cents on estate planning as an off-the-farm kid. I am not an expert, but when I see both sides, I always see some things being done foolishly, and I am always going to call them out. Guilt has been a longtime driver in the farming world; we need to stop feeling bad about things we can't change and change for the better whatever we can. Audio Production by Podsworth Media.2020-06-2629 min
Farming Without the Bank PodcastEp. 47 - Picking an Agent & CompanyMany people want to work with a local agent, and I understand why. If this is you, I will help answer some questions about why you want to have someone who knows IBC, why most mutual companies are good, and why you should make your money a priority over making someone else happy. It's a concept, not a sales tool. Audio Production by Podsworth Media.2020-06-1931 min
Farming Without the Bank PodcastEp. 46 - The LawsI go over two more chapters in Becoming Your Own Banker. I discuss Parkinson's Law and Willie Sutton's Law. You'll hear how human nature keeps us in slavery to material things and luxury and how the IRS is the biggest thief we have to contend with. Audio Production by Podsworth Media.2020-06-1229 min
Farming Without the Bank PodcastEp. 45 - How to Start from ScratchI am not the expert on this, but I want to give you a few ideas of what to look for and how to think about starting your own operations. Many people are asking and saying they think it can't be done. It can, but just not overnight. There are plenty of ways to do it. Enjoy. Audio Production by Podsworth Media.2020-06-0534 min
Farming Without the Bank PodcastEp. 44 - Building Your Bank with Dividend Paying Whole LifeI break down another chapter from Nelson's book, "Becoming Your Own Banker", and we talk about why we use dividend paying whole life, security of the company, best use for dividends, and how great it is to have guarantees. Audio Cleanup by Podsworth Media.2020-05-2937 min
Farming Without the Bank PodcastEp. 43 - Client Interview: Nate BlilerListen in on another client interview and hear how Nate is navigating his operation with his family and using his IBC policy to hedge some cattle. Audio Cleanup by Podsworth Media.2020-05-2236 min
The Business of Agriculture Podcast137 - Farming Without The Bank - with Mary Jo IrmenAgriculture IS a business. That’s a point I make in my book, Food Fear, and a point I make repeatedly in discussions with consumers and in presentations to Ag industry folks. Ag is a business. Which means production Agriculture is supposed to be profitable and should be run like a business. Mary Jo Irmen, author of Farming Without the Bank joins me to discuss financial strategy, mistakes, and opportunities for today’s Ag professional. We cover a lot of ground in this episode on the subject too many producers avoid properly handling: money.2020-05-1835 min
Farming Without the Bank PodcastEp. 42 - Creating a Bank Like the One You KnowToday I go over this chapter from Becoming Your Own Banker and break down what Nelson was trying to say. Opening a new bank is not easy; it takes capital and time, just as a life insurance policy does. When you own the bank, you can also destroy that bank by not being honest with your money. In this episode, I explain why and what can happen as a result. Audio Cleanup by Podsworth Media.2020-05-1526 min
Farming Without the Bank PodcastEp. 41 - Policies on MinorsSo much good information in this episode! Should you have a policy? When is the best time to buy? How will it be used? Who will own it? How much can you buy? How will it perform? This is a must-listen episode, and it should be shared with the entire family! Audio Production by Podsworth Media.2020-05-0826 min
Farming Without the Bank PodcastEp. 40 - Do Professional Opinions Matter?We love to ask the professionals (like accountants, advisors, and attorneys) their opinions, because after all, they are the professionals. What I share in this episode is what you are asking them and what they are doing to educate themselves before having an opinion. Who is the expert on the matter? ...and how much effort are they putting into helping you? Audio Production by Podsworth Media.2020-05-0115 min
Farming Without the Bank PodcastEp. 39 - Client Interview: Meghan FoosMeghan shares her experience with vetting me and the infinite banking concept before doing anything. She also shares her heart wrenching story of how she and her husband had to leave their farm and are now starting over from nothing. It's a great interview that a lot of you will be able to relate to. Audio Production by Podsworth Media.2020-04-2434 min
Farming Without the Bank PodcastEp. 38 - The Seen & Unseen of RORNelson Nash would always talk about "the unseen", meaning, what can we do with our money that will produce an additional ROR above and beyond what the policy offers. I talk about this and why you should not get stuck on RORs. Audio Production by Podsworth Media.2020-04-1713 min
Farming Without the Bank PodcastEp. 37 - Rolling 401K Money & Lump Sum PremiumsI received some good questions about if one can roll 401k money into a life insurance policy and if one can do a lump sum premium with that money. In this episode, I answer that question and more. Audio Production by Podsworth Media.2020-04-1018 min
Farming Without the Bank PodcastEp. 36 - Is Debt Bad?"Be debt-free. Owe no one any money." We hear this all the time, but is that truly the best? I talk about if all debt is either good or bad, that cash flow is king, and you better be making enough of that to pay for your debt. You'll also get a few talking points on if you should have cash value loans and if that debt is good or bad. Tune in and enjoy! Audio Production by Podsworth Media.2020-04-0318 min
Farming Without the Bank PodcastEp. 35 - My Thoughts on the Market & EconomyIn this episode, I share my opinions on the market advice we get from others, "hang in there", the 10% "penalty", what is happening in the economy right now, and why it worries me. Audio Production by Podsworth Media.2020-03-2720 min
Farming Without the Bank PodcastEp. 34 - Client Interview: Randy MorrisI am so excited to have my client, Randy Morris, on for today's podcast interview. Randy lives in Kansas and not only has some great insight on the Infinite Banking Concept, but he also speaks about how he is helping the next generation get started. This is a bit longer episode, but you will find it very informative!2020-03-2042 min
Farming Without the Bank PodcastEp. 33 - Buying and/or Selling StrategiesSo many people think the only option to buy is by going to the bank and borrowing money. Many who want to sell don't sell because of capital gains and the lost income. In this episode, I go over other options of how to sell while reducing taxes, protecting the estate, and making it affordable for those taking over, along with other ideas of how to get started. Audio Production by Podsworth Media.2020-03-1318 min
Farming Without the Bank PodcastEp. 32 - Multiple Policies and No Plan is Perfect!So many people want to get this right the first time. They only want one policy that can do it all for their whole life. I talk about the fact that there is not a perfect plan out ther, we don't outline a plan on day one, and it's a continued learning experience. R. Nelson Nash said it's a system of policies. You will need more than one. Get over perfection and just get started! Audio Production by Podsworth Media.2020-03-0616 min
Farming Without the Bank PodcastEp. 31 - Why We Need Higher Interest RatesBefore you go yelling at me, just take a minute to listen in and think about what is really happening in a low interest environment. Savers are being punished and spenders are out of control, and so are the banks. If Nelson could make it at 23%, why are we screaming when rates are 2-7%? Are we thinking long-term or short-term? I will discuss this all, and you'll get to hear my two cents, for what it's worth. Enjoy. Audio Production by Podsworth Media.2020-02-2816 min
Farming Without the Bank PodcastEp. 30 - Why Don't I Get Access to All My Money Year One?In this episode, I talk about the upfront cost of starting a whole life policy and why we have a broken thought process and need to think long term. R. Nelson Nash talks about it in his book, "Becoming Your Own Banker"; we must THINK like a banker. We also must think like a business owner. I will share my thoughts with you, and yup, I get a little ornery in this episode. Audio Production by Podsworth Media.2020-02-2114 min
Farming Without the Bank PodcastEp. 29 - Premiums Equal IncomeR. Nelson Nash suggests this in his book, and it’s a topic that has gotten lots of attention lately. I address my feelings about this and the need for patience in implementing this strategy. Audio Production by Podsworth Media - https://podsworth.com2020-02-1413 min
Farming Without the Bank PodcastEp. 28 - Client Interview: Austin SchultzMary Jo welcomes to the show her client, Austin Schultz, from Stewardson, Illinois, to discuss how he has used the Infinite Banking Concept to relieve stress within his hog farming operation and in his life in general. Audio Production by Podsworth Media - https://podsworth.com2020-02-0728 min
Farming Without the Bank PodcastEp. 28 - Client Interview: Austin SchultzMary Jo welcomes to the show her client, Austin Schultz, from Stewardson, Illinois, to discuss how he has used the Infinite Banking Concept to relieve stress within his hog farming operation and in his life in general. Audio Production by Podsworth Media - https://podsworth.com2020-02-0728 min
Farming Without the Bank PodcastEp. 27 - Bank Owned Life Insurance (BOLI) & Others Who've Started Well Known BusinessesIn this episode, I'll share with you how much money banks have in cash value in insurance policies and why it's so important for them to have it on their books. You'll also find out which household names are using and have used cash value insurance to start their businesses. Banks may not like farmers, but they really hate startup businesses. This pushes people to dig deep to find money to follow their dreams. In this episode, I also suggest some extra reading material. Anything by Barry James Dyke is great. He has three books with a...2020-01-3117 min
Farming Without the Bank PodcastEp. 26 - Client Interview: Geoff PierceIn this episode, I interview my client, Geoff Pierce from Nebraska. Geoff has been a client since 2016, and you'll hear all about his thoughts in the beginning, how he's using the policy now, slowing moving his operating over to his policy, and setting himself up to pass it off without debt. Hope you all enjoy hearing from Geoff! He's a great student of the Infinite Banking Concept and is applying it so he can Farm Without the Bank. Audio Production by Podsworth Media - https://podsworth.com2020-01-2424 min
Farming Without the Bank PodcastEp. 25 - 5 Principals of the Infinite Banking ConceptTo help you better understand where Nelson Nash was coming from when he created the Infinite Banking Concept, I break down his five main principals. As you will see, these all truly tie together when you start to try to figure out what IBC really is. These same principals will guide you through the process as you get into using your policy. They may seem simple, but simple things can sometimes keep people from making a change... but they shouldn't! Audio Production by Podsworth Media.2020-01-1722 min
Farming Without the Bank PodcastEp. 22 - Money Flows from ONE Big PoolFor no other reason, you may want to listen to this episode just to hear why Mary Jo is talking about people peeing in the pool. She will get into how money flows like water and blood, why you don't need to compartmentalize money like the gurus say, and how you need to think differently around money. Stop saying, "I can't," and start asking, "How can I?" It's a great episode and should make you think! Audio Production by Podsworth Media - https://podsworth.com2019-12-2721 min
Farming Without the Bank PodcastEp. 22 - Money Flows from ONE Big PoolFor no other reason, you may want to listen to this episode just to hear why Mary Jo is talking about people peeing in the pool. She will get into how money flows like water and blood, why you don't need to compartmentalize money like the gurus say, and how you need to think differently around money. Stop saying, "I can't," and start asking, "How can I?" It's a great episode and should make you think! Audio Production by Podsworth Media - https://podsworth.com2019-12-2721 minWorking Cows - Regenerative Ranching to Maximize Profitability and Soil HealthEp. 110 – Mary Jo Irmen – Objections to Farming without the BankMary Jo Irmen, author of Farming without the Bank, joined me to discuss the common objections she hears to starting with the Infinite Banking Concept or Farming without the Bank. Mary Jo also recently launched a new podcast. We talk about that and how she is hoping to serve the agricultural community in this new venture.
2019-10-0800 min
Ag State of Mind with Jason MedowsASOM - Ep. 2 - Mary Jo IrmenIn this episode, Jason interviews farm strategy expert and authorized IBC practitioner Mary Jo Irmen about farm finances and planning for the future. Jason and Mary Jo discuss mental health among farmers, abundance vs. scarcity mindsets, and how Millennials are helping shift the paradigms of industry.Check out Mary Jo at: https://www.farmingwithoutthebank.com/Her book Farming Without the Bank challenges the traditional ways that a farming operation is financed.She also has her own podcast, Farming Without the Bank.2019-10-0700 min
Farming Without the Bank PodcastEp. 8 - Starting from Scratch vs. Taking Over an OperationToday we attack the age-old notion that it's easier to start farming when inheriting a family operation vs. starting from scratch. Mary Jo touches on the pros and cons of those taking over family operations and why it's not as easy as you may think. There are many reasons why those starting from scratch may actually have a leg up. Listen in if you want to have some of your ideas and thought processes challenged! Audio Production by Podsworth Media - https://podsworth.com2019-08-0922 min
Farming Without the Bank PodcastEp. 8 - Starting from Scratch vs. Taking Over an OperationToday we attack the age-old notion that it's easier to start farming when inheriting a family operation vs. starting from scratch. Mary Jo touches on the pros and cons of those taking over family operations and why it's not as easy as you may think. There are many reasons why those starting from scratch may actually have a leg up. Listen in if you want to have some of your ideas and thought processes challenged! Audio Production by Podsworth Media - https://podsworth.com2019-08-0922 min
Life Success & LegacyChat with Mary Jo IrmenIn this episode, Chris has the opportunity to talk with Mary Jo about how she found Infinite Banking and created her book. Her passion for ranchers, farmers and Infinite Banking are apparent. Take a listen and check out her website and books. It’s worth your time. Click below to learn more about Mary Jo! Farming […]
The post Chat with Mary Jo Irmen appeared first on Life Success Legacy.2019-02-0728 min
Working Cows - Regenerative Ranching to Maximize Profitability and Soil HealthEp. 001 – Mary Jo Irmen – Farming without the Bank
In this episode, I discuss the Infinite Banking Concept with Mary Jo Irmen. These concepts are discussed in Mary Jo’s book Farming without the Bank.
Sponsor
Cammack Ranch Supply
Blog Post Mentioned
Generational Wealth
Podcast Mentioned
ContraKrugman
Books Discussed
Farming without the Bank
Wealth without the Bank or Wall Street
Infinite Banking Concepts (Titled Becoming Your Own Banker)
How Privatized Banking Works
Further Study
Fractional Reserve Banking
Infinite Banking Concept
...2017-11-0333 minWorking Cows - Regenerative Ranching to Maximize Profitability and Soil HealthEp. 001 – Mary Jo Irmen – Farming without the BankIn this episode, I discuss the Infinite Banking Concept with Mary Jo Irmen. These concepts are discussed in Mary Jo’s book Farming without the Bank. Sponsor Cammack Ranch Supply Blog Post Mentioned Generational Wealth Podcast Mentioned ContraKrugman Books Discussed Farming without the Bank Wealth without the Bank or Wall Street Infinite Banking Concepts (Titled Becoming Your…
2017-11-0300 min