Farming Without the Bank Podcast

What does it actually cost to run No Fence virtual fencing on a real cattle farming operation — and can you finance it without losing compound interest? Idaho rancher Tyson Coles has run the system for 4 full seasons and shares the real numbers. 👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 👉 Get the book: https://www.farmingwithoutthebank.com/book In this episode, Mary Jo sits down with rancher Tyson Coles to break down exactly how No Fence GPS cattle collars work, what they cost, and how they've transformed his operation. Tyson shares the actual dollars saved on labor, fuel, and equipment — plus a jaw-dropping story of moving an entire herd through an irrigation canal solo, a job that used to take 6 people and 4 hours. Mary Jo also walks through how she finances technology purchases using the Infinite Banking Concept — keeping uninterrupted compound interest working inside a whole life policy while still putting new equipment to work on the ranch. In this episode: - How No Fence GPS collars work (without shocking your cattle) - Real ROI: labor savings, fuel costs, and heavier calves at weaning - Battery life, solar charging & reliability in rough terrain - The "reduced movement" health alert that saved a calf's life - Using Infinite Banking to finance ag tech without breaking your cash flow 💰 Get 10% off No Fence collars: https://www.nofence.com ⭐Use code TysonGraze10 at checkout. (This code is case sensitive.) Follow Tyson on social Media: Facebook: https://www.facebook.com/tysonandstefanie.coles Instagram: https://www.instagram.com/colesfamilyfarm Chapters 0:00 The $12,500 Return on Collars 0:48 Meet Tyson Coles: 4 Seasons with No Fence 2:17 No Fence Collar Pricing Breakdown 7:00 First Test: Grazing Cover Crops in October 9:39 How to Train Cattle with Virtual Fencing 11:46 Battery Life, Solar Charging & Replacements 15:19 Cost Breakdowns 20:08 Collar Durability & Lifespan 21:07 How Easy Is the App? (Even for Kids) 24:10 Managing Multiple Pastures & Locations 29:06 HerdNet Bluetooth: Sub-Minute Updates 30:32 Feeding Cows Remotely from 9 Hours Away 34:12 Health Alerts: Reduced Movement Detection 36:13 When to Collar Calves 38:00 Rotational Grazing Under Center Pivots 44:33 Collar Fitment & How to Find Lost Collars 47:21 Using Virtual Fencing for Sorting 48:30 Full ROI Breakdown 50:13 Grazing Standing Corn Instead of Ensiling 51:50 Weaning Weights Jump 100+ Pounds 56:40 Moving an Entire Herd Through a Canal — Solo 1:00:17 Any Downsides? Honest Assessment 1:02:33 Grants Available: EQIP & State Programs 1:04:58 Data Privacy: Is Your Herd Info Reported? 1:06:07 Discount Code & How to Reach Tyson 1:08:41 Financing Collars with Infinite Banking

The real cost of long-term care isn't money—it's what it does to families. 👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book Most people think long-term care is a "later" problem—or something that only ends in a nursing home. In this episode, we break down the reality families face when care is needed, and why lack of planning creates financial, physical, and emotional strain. From caregiver burnout and family resentment to Medicaid limitations and the coming wave of aging boomers, this conversation exposes what's often ignored. We also cover how long-term care policies actually work today, including lifetime benefits, home care options, and what many policies will cover that most people don't realize. This isn't just about protecting assets—it's about maintaining control, dignity, and choice. Key Takeaways: • Caregiving often leads to burnout, health decline, and financial strain • Most long-term care needs are handled at home—not in facilities • Lifetime coverage can prevent running out of benefits at the worst time • Medicaid comes with restrictions, asset liquidation, and limited control • Boomers will drive demand higher, increasing costs and system pressure • Policies can cover home modifications, equipment, and caregiver support • Planning early creates flexibility, affordability, and better outcomes Chapters: 00:00 The hidden emotional toll of caregiving 01:20 Lifetime vs limited long-term care coverage 03:00 Real family decisions under pressure 09:30 The Medicaid reality and boomer impact 14:00 State mandates and long-term care taxes 17:30 Cost options and policy flexibility 22:30 Why long-term care isn't just for the wealthy 25:30 Why younger families should consider coverage 30:00 What policies actually cover (home care, equipment, training) 32:00 Caregiver burnout and family consequences 38:00 Medicaid, land, and farm transition risks 41:00 Losing assets without a long-term care plan 📅 To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning 🌐 To check out Michelle's website: https://www.careincomeplanning.com 👉 Subscribe for more episodes of Farming Without the Bank 👍 Share this episode if it got you thinking differently about insurance 📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch. 💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation. 👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com 📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

Most families think long-term care is a nursing home problem.In reality, it's a financial problem that can slowly drain retirement accounts, investments, and even force the sale of family farmland. In this episode of the Farming Without the Bank Podcast, Mary Jo sits down with long-term care expert Michelle Prather, who brings nearly three decades of experience helping families understand how care is actually funded. They unpack the real costs of long-term care, why averages are misleading, and how many financial plans fail when care becomes necessary. If protecting the farm and maintaining financial control is important to your family, this conversation will change how you think about long-term care planning. Michelle shares why long-term care planning is about cash flow, not just assets, and how pulling money from retirement accounts to pay for care can create unexpected tax consequences. They also discuss how care really happens inside families — the emotional strain, financial pressure, and difficult decisions that arise when a parent needs help. You'll learn why working with a specialist matters, how modern long-term care policies actually function, and why proper planning gives families more options when the unexpected happens. Key Takeaways: • Why averages like "2–3 years in a nursing home" can be dangerously misleading • The real cost of in-home care, assisted living, and nursing facilities • How long-term care creates a cash-flow problem, not just an asset problem • Why retirement withdrawals for care can trigger higher taxes and Medicare costs • The emotional and financial strain caregiving places on families • The difference between limited benefit policies and lifetime coverage • How long-term care planning helps protect farms and generational wealth Chapters: 00:00 The hidden reality of elder fraud and family caregiving 00:52 Introduction to long-term care planning 02:24 Michelle Prather's 28-year career in long-term care 07:27 Why specialization in long-term care matters 11:46 The problem with most financial advisors selling LTC 14:10 A real story of a long-term care plan gone wrong 18:01 Why "averages" in long-term care are misleading 21:00 The real cost of care and retirement income pressure 26:59 Why paying for care from investments triggers taxes 30:39 Home care vs nursing home costs 35:22 Family conflict and caregiving realities 41:20 What long-term care policies actually pay for 46:15 Elder abuse, fraud, and insurance safeguards 48:30 The biggest differences between LTC policies 52:10 Why long-term care can destroy a financial plan To schedule with Michelle click here: https://link.captivationhub.com/widget/bookings/without-the-bank-care-income-planning Check out her website: https://careincomeplanning.com 👉 Subscribe for more episodes of Farming Without the Bank 📆 Read the book and book a call, and let's see what self-insuring could look like mathematically for your farm or ranch. 💻 Work with Mary Jo: Get your copy of Farming Without The Bank, read it, and then schedule your appointment so we can look at what this strategy could mean for your operation and your numbers. No pressure, just a real conversation. 👉 Get the book: https://www.farmingwithoutthebank.com/book 👉 Schedule a call: https://www.farmingwithoutthebank.com 📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

Do people really think they have the right to be rude online? This episode is a raw, unfiltered look at what content creators actually deal with behind the scenes—and why sometimes, blocking is the only option. Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen... Get the book: https://www.farmingwithoutthebank.com/book... In this episode, Mary Jo addresses the rising wave of internet trolls, negative comments, and online bullying. From accusations about insurance strategies and retirement planning to criticism about farming, excess money, and even parenting decisions, nothing seems off-limits for keyboard warriors. But here's the truth: creators have the right to protect their space. Mary Jo breaks down real comments she's received, explains the misconceptions around 401(k)s, Roth contributions, Medicare penalties, farming profitability, and the Infinite Banking concept—and shares why mindset matters more than ever. If you've ever wondered why creators delete comments or block followers… this episode explains it all. Key Takeaways: - You don't have the right to be rude just because you're online - Why creators delete and block negative commenters - How retirement withdrawals can increase Medicare premiums - The danger of assuming you "know it all" from one post - Why mindset—not circumstances—often determines financial outcomes - The real cost of online bullying for creators Chapters: (00:00) – Do You Have the Right to Be Rude? (02:00) – Why Are People So Angry Online? (07:15) – 401(k) Withdrawals & Medicare Penalties Explained (13:20) – "What Excess Money?" Farming & Financial Reality (17:50) – Charging Kids Interest & Financial Lessons (24:30) – "Why Isn't the Book Free?" (28:23) – Why I Delete & Block Trolls If you're here to learn and grow, thank you. Be part of the solution, have productive conversations, and scroll past what you don't agree with. Grab your copy of the book here: https://www.farmingwithoutthebank.com/book... Share this episode with someone who needs to hear it—and remember: be a good human.

🚨 Universal Life Insurance EXPOSED 🚨 Is Universal Life, Indexed Universal Life, or Variable Universal Life really the powerful wealth tool it's marketed to be? In this episode of the Farming Without the Bank podcast, Mary Jo dives deep into why universal life policies often fail, drawing directly from Nelson Nash's Warehouse of Wealth and decades of real-world experience. 👉 Follow Mary Jo Here: / @maryjoirmen 👉 Get the book: https://www.farmingwithoutthebank.com... If you've ever been pitched an IUL with "great returns" and "no downside," this episode is a must-watch before you sign anything. Universal Life was designed as a "better mousetrap," but history shows a very different outcome. From rising costs of insurance to disappearing guarantees, Mary Jo breaks down why most UL, VUL, and IUL policies eventually collapse—often right when people need them most. Using Nelson Nash's insights and Todd Langford's Truth Concepts analysis, this episode explains how risk is shifted from the insurance company to you, the policyholder. 🔑 Key Takeaways Why Universal Life policies often lapse between ages 60–80 How non-guaranteed costs and mortality charges destroy cash value The "double pain" effect during market downturns Why caps, participation rates, and missing dividends matter How UL shifts risk from the insurer to the insured Why Whole Life offers liquidity, control, and guarantees ⏱️ Chapters 00:00 – Why Universal Life Looks Good (At First) 02:12 – The History of Universal Life Insurance 05:35 – The Side Fund & Why It Falls Apart 08:20 – Double Pain: Market Losses Explained 11:11 – Caps, Participation Rates & Missing Dividends 14:29 – Guarantees Can Change (And Disappear) 18:36 – Why Whole Life Wins Long-Term 📚 Resources Mentioned Warehouse of Wealth – Nelson Nash Truth Concepts Calculators – https://truthconcepts.com The Battle for the Soul of Capitalism – John Bogle Pirates of Manhattan I & II – Barry James Dyke Farming Without the Bank: https://farmingwithoutthebank.com 📩 Ready to Learn More? 📧 Email questions to: maryjo@withoutthebank.com 📖 Read the book before scheduling an appointment 📅 Let's see if Infinite Banking is right for you 👉 Subscribe and share this episode with anyone considering an IUL or Universal Life policy.

What happens when everyone expects someone else to pick up the bill? From a nightmare condo sale to health insurance chaos, this episode is a raw, unfiltered wake-up call on personal responsibility, money, and self-reliance. In this episode, Mary Jo shares a months-long real estate saga that exposed a deeper issue she's seeing everywhere—from first-time homebuyers and realtors, to health insurance, escrow accounts, and even parenting adult children. The common theme? Too many people are handing off responsibility—and expecting others to pay the price. This episode isn't about being harsh. It's about understanding how money actually works, why Infinite Banking is rooted in self-responsibility, and why depending on systems, banks, or government programs can leave you vulnerable. Key Takeaways: Why buyers asking for everything is a dangerous financial mindset How escrow accounts and employer benefits disconnect you from reality The real cost of "someone else will handle it" Why self-insurance and Infinite Banking go hand in hand What parents should (and shouldn't) subsidize for adult kids Chapters: (00:00) – A 20-Year-Old, Sourdough Bread, and Rent Reality (01:25) – The Condo Sale From Hell (04:10) – Buyers, Realtors, and Zero Accountability (09:20) – When You Can't Afford Repairs, You Can't Afford the House (16:45) – Health Insurance, Escrow, and Giving Up Control (21:45) – Generational Expectations & Entitlement (27:50) – Infinite Banking = Self-Responsibility If this episode made you uncomfortable, you probably needed it. Subscribe for more real conversations about money. Share this with someone who needs a reality check. Leave a comment (respectful ones get read). Links & Resources Mentioned: Get the book: https://farmingwithoutthebank.com... Email Mary Jo: maryjo@withoutthebank.com

You've been told corporations pay taxes, but what if that's the biggest lie in the system? In this episode, Mary Jo breaks down who really pays for taxes, benefits, tariffs, and government programs—and why the consumer always ends up holding the bag. In Episode 337 of Farming Without the Bank, Mary Jo dives into Chapter 6 of Nelson Nash's Warehouse of Wealth: "Lies, Lies, and Lies." This episode exposes how taxes, Social Security, employee benefits, tariffs, credit card fees, and corporate expenses are never absorbed by businesses—they are passed directly to you, the consumer. From Social Security myths to corporate "tax hikes," from government spending to free coffee at the sale barn, this episode reframes how money actually flows through the economy and why financial literacy is so rare—and so dangerous to ignore. Key Takeaways: Corporations do not pay taxes; they collect them from consumers Employees pay 100% of Social Security, not "half." All benefits, perks, and expenses are built into prices or wages Government redistribution still starts with taxing the public Business owners have tax flexibility, but consumers do not Financial illiteracy keeps people trapped, believing money myths Chapters: (00:00) – The danger of financial lies (02:00) – Who really pays taxes? (05:00) – Social Security & employee benefit myths (08:30) – Why everything gets passed to the consumer (12:45) – Customer service, payroll, and business reality (17:45) – Government spending & redistribution myths 👉 Want to truly understand money, taxes, and wealth? Email questions: maryjo@withoutthebank.com Get the books: https://farmingwithoutthebank.com/sho... Read Warehouse of Wealth by Nelson Nash. Share this episode with someone who still thinks corporations pay taxes! Link Mentioned: Farming Without the Bank: https://farmingwithoutthebank.com/boo...

Most farmers still buy equipment the old way—cash or bank loans—losing years of compound growth. What if the problem isn't your policy… It's when the money runs through it? 👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 👉 Get the book: https://www.farmingwithoutthebank.com... In this episode, Mary Jo breaks down the "before asset" idea: running money through your whole life policy before you buy equipment, cattle, or cover operating expenses. She explains why premium is what makes you money, why loans themselves don't, and how to think differently about "I can't make the payment this year" when you are the banker. Whether commodity prices are down or cattle checks are big, this mindset shift can change how you finance your entire operation. What you'll learn: Why paying a premium creates wealth, not just taking policy loans How to run purchases through your policy first without losing tax write-offs What to do in bad years when you can't make a full loan repayment Why life insurance is not an investment—and why that matters How negative thinking and "keyboard warriors" keep people broke A simple way to create your operating line inside the policy Chapters (00:00) – Policy loans vs bank loans: what really changes (00:46) – Premium as a "before asset," not an afterthought (02:31) – Why money should run through the policy before you buy (04:58) – Cash vs policy example: financing equipment the smart way (08:18) – "I can't make the payment!" and how flexibility really works (12:53) – Life insurance isn't an investment (and why that's good) (16:04) – Mindset, inflation, and the negative "keyboard warrior" trap 👍 If this helped you think differently about your money, hit Like and subscribe for more real-world Infinite Banking conversations for farmers and ranchers. 💬 Got questions about premiums, policy loans, or timing money through your policy? Drop a comment below or send Mary Jo an email—your question may end up in a future episode. 🎧 Want more? Check out the Without the Bank podcast, where Mary Jo and Tarisa walk through Nelson Nash's books and real client scenarios in detail. Links Mentioned: Becoming Your Own Banker by R. Nelson Nash https://www.farmingwithoutthebank.com... Building Your Warehouse of Wealth by R. Nelson Nash https://www.farmingwithoutthebank.com... Mary Jo's book on Infinite Banking for farmers/ranchers https://www.farmingwithoutthebank.com... "Without the Bank" podcast https://www.withoutthebank.com/podcas...