Farming Without the Bank Podcast

The entire book is important; are you reading it all, or just one part of it? IBC is the first half, and life insurance is the second half, so be sure to read and re-read the entire book!

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Where would you rather put your money? So many are not thinking correctly. Rethink your thinking!

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After talking to over two thousand farmers over the years, I may know a thing or two, and I definitely have an opinion on a thing or two.

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It is all simple when you quit making it so hard. Unfortunately, some people are stuck thinking small and have the mindset that everything is just too hard. Think bigger and ask for help solving the …

Our client-only Blacksheep Summit was last week, and we had a fantastic time. Let me tell you about it!

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There's so much talk online about numbers and tactics, but the Infinite Banking Concept is first of all a thought process. So let's get back to basics: here are the 5 principles that IBC is built on.…

As I throw ideas out there for people, many come back with objections of why I am wrong. Let's challenge the thought process around this one; maybe I am wrong, or maybe we have a scarcity mindset ins…

Many farmers look at their tax returns for their yearly numbers. These are lies; you try so hard to avoid taxes that you are not looking at the real numbers of your operations! P&Ls will give you the…

My client Grant Jones joins me to discuss his shrimp farming operation, what all that entails, and how he has used IBC to finance it.

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People love to blame banks for their financial difficulties, but are they really the ones who bear most of the blame?

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What does it look like buying a tree farm, raising cattle, and adding a pumpkin patch? When do you quit your other jobs to focus? Such a great interview with Melanie and Cody Nelson of Iverson Tree F…

Why are some IBC-users successful while others say IBC didn't work for them? Why are some business owners successful while the same type of business can be failing miserably for others? Human error.

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Most people associate family money with bad emotions and greed, yet family money can surely get you to the next level.

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Many feel like loans for things outside of farming are different than for farming, when in fact, they are the same. So I explain more in detail.

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I am not an accountant, but it is that time of year for a friendly reminder of how taxes are tiered. This is a huge part of why you are not always saving as much as you think, and a lot of times, you…

When taking a cash value policy loan from a whole life insurance policy, it works a bit differently than a bank. It's important to understand all the moving parts here so you can deduct the correct a…

So many people put money into their 401K but don't know the rules. These are not officially hidden, but it seems as if employees don't know on purpose.

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We talk about being the banker with Infinite Banking, but a lot of people do not understand what that means. There are three characters in play, and you want to be all three, not just the borrower. W…

It is so important for spouses to communicate well, especially on matters of finances. While it is ok for one spouse to take the lead on budgeting, bookkeeping, and/or financial planning, it is vital…

There are many things we figure as a cost of doing business, but these four are missed nearly every time. Any and all of them can be a very costly mistake.

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