Ep. 302 - Risks of Transferring Policies to Kids

Mary Jo and John are back to break down the next chapter of Becoming Your Own Banker—this time focusing on what it really means to create your own bank. From capital and qualification to mindset and management, they explain why running your policy like a real business is key to long-term success. Audio Production by Podsworth Media - https://podsworth.com 

Mary Jo lays out why premiums belong in your budget—not on the back burner. Protecting your future shouldn't be an afterthought. Audio Production by Podsworth Media - https://podsworth.com 

In this episode, Mary Jo joins Damian Mason on The Business of Agriculture podcast to explain how the Infinite Banking Concept can revolutionize financial strategies in agriculture. They explore common money mistakes, the power of whole life insurance, and how farmers can take back control from traditional lenders. Audio Production by Podsworth Media - https://podsworth.com 

Today, we're breaking down the top 10 concerns in agriculture these days. Mary Jo shares how better money strategies—like infinite banking—can solve half of them. Audio Production by Podsworth Media - https://podsworth.com 

In this episode, Mary Jo dives into her farming roots and shares how her background shaped the creation of Farming Without the Bank. She unpacks why understanding the ag lifestyle—not just the numbers—is critical to helping farmers take control of their finances and secure generational legacies. Audio Production by Podsworth Media - https://podsworth.com 

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 

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 

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 

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 

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