You're financing everything you buy… even when you pay cash. 🤯 In this episode, we break down how to create your own banking system using dividend-paying whole life insurance, and why ignoring this might be costing you a fortune in lost interest.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
👉 Get the book: https://www.withoutthebank.com/book/

MJ and Tarisa walk through a key chapter from Nelson Nash's Becoming Your Own Banker and unpack what it really means to "finance everything you buy."

They explain how paying cash still has a cost, why EVA (Economic Value Added) changed how businesses think about capital, and how the same thinking applies to families using dividend-paying whole life.

You'll hear the crucial differences between whole life and UL/IUL, how life insurance companies actually work behind the scenes, and why guarantees and control matter more than chasing returns.

Key Takeaways
◦ You either pay interest to others or give up interest you could have earned—there is no third option.
◦ Paying cash stops the future earning potential of that dollar unless you first put it into a system that compounds (like a properly structured whole life).
◦ EVA (Economic Value Added) shows that your own cash has a cost, and successful businesses account for it—so should you.
◦ Whole life vs UL/IUL: whole life offers guarantees and immediate access to cash value; most UL/IUL policies have surrender periods and moving parts.
◦ Dividends in mutual whole life companies are essentially a return of overcharged premium—and when used to buy paid-up additions, they supercharge long-term compounding.
◦ Life insurance companies are conservative by design: actuaries, rate makers, and contingency funds help them survive crises while still paying claims.
◦ Infinite banking is a system of policies over 20–25 years, not a one-policy, one-year tactic.

Chapters
00:00 – Why you finance everything you buy (even with cash)
02:09 – The unseen cost of cash and lost compound interest
04:25 – EVA: Why your own capital has a real cost
09:40 – Due diligence, "scam" labels, and thinking for yourself
16:03 – Owning the contract & being first in line for your money
23:08 – Actuaries, dividends, and the "fudge factor."
31:14 – Whole Life vs UL/IUL & building your own banking system

✅ Enjoyed this breakdown of Infinite Banking?
◦ Hit LIKE if this helped you see money and interest differently.
◦ SUBSCRIBE for more deep dives on Infinite Banking and building your own banking system.
◦ COMMENT with your questions about whole life, policy loans, or getting started—we may answer them in a future episode.

👉 Want help setting up your own banking system?
Work with our team to review your current policies or design a new Infinite Banking plan.

📘 Book mentioned:
Becoming Your Own Banker by R. Nelson Nash – highly recommended foundational reading for Infinite Banking.
👉 https://www.withoutthebank.com/produc...

Get BYOB and my book, Life Without The Bank:
👉 https://www.withoutthebank.com/book/?...

Most people assume you need $20 million, a bank charter, a building, employees, and 10 years before a bank ever makes a profit. But Nelson Nash reveals a far simpler way to create your own banking system, one that's been quietly working for over 200 years.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
👉 Get the book: https://www.withoutthebank.com/book/

In this episode, we break down how traditional banking REALLY works, why starting a bank is nearly impossible today, and why participating whole life insurance already has all the infrastructure you need to start your own personal banking system.

If you've ever wondered "How does Infinite Banking actually work?" this chapter explains everything.

🔑 Key Takeaways
◦ Why real banks require $20M+, a charter, and years before profitability
◦ How whole life insurance mirrors the structure of a bank
◦ Why capitalizing a policy is like capitalizing a business
◦ The BIG misconception about borrowing against end of life benefit
◦ How improper loan repayment can destroy your banking system
◦ Why new or startup life insurance companies are risky
◦ How dividends represent "excess energy" inside a mature insurance system

⏱️ Chapters
00:00 – Why Starting a Bank Takes 10+ Years
01:25 – Bank Charters, Capital & Liquidity Requirements
03:36 – How Life Insurance Companies Already Did the Hard Work
04:49 – Deposits, Loans & How Banks Really Operate
06:32 – The Midland, Texas Bank Failure (and the Lesson)
08:25 – Why Whole Life Is the Easier Banking System
10:21 – The Hidden Costs of Starting an Insurance Company
11:52 – Dividends Explained Through the "Energy" Analogy
12:41 – Is Infinite Banking Right for You?

📘 Want to Learn Infinite Banking?
Grab Become Your Own Banker and follow along chapter by chapter.
🔗 https://www.withoutthebank.com/produc...

Have questions? Drop them in the comments — we answer every one.

🔗 Links Mentioned
📘 Become Your Own Banker — Nelson Nash
👉 https://www.withoutthebank.com/produc...

Think you control your money because you have a 401(k), IRA, or a checking account?
In this episode, we unpack the real problem in Becoming Your Own Banker: chasing rates on tiny savings while 34.5% of every disposable dollar quietly goes to interest.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ
👉 Get the book: https://www.withoutthebank.com/book/

We break down Nelson Nash's "Problem" chapter: why focusing on the rate of return on a small savings slice misses the bigger issue, volume of interest flowing out through housing, autos, and living costs.

You'll see how policy loans, mutual life insurance ownership (yes, you can vote), and building capital first create a perpetual tailwind (uninterrupted compounding) instead of fighting a constant headwind (fees, taxes, rules, market risk).

Plus: the mineral-rights story that flips conventional wisdom on its head.

Key Takeaways:
◦ Volume versus Rate: The big leak is interest volume, not APR.
◦ 34.5% drain: Roughly a third of every dollar goes to interest—cash buyers still lose to opportunity cost.
◦ Control the environment: You can't control markets, but you can control the banking equation for your household.
◦ Tailwind effect: Policies compound while you borrow against cash value.
◦ Mutual company edge: Owner rights (incl. voting) and conservative investing support guarantees and liquidity.
◦ Stop the race for ROI: Re-route cash flows first; the "rate" talk matters after you fix the flow.

Chapters:
00:00 The Illusion of Control (401(k), IRA, bank accounts)
01:30 The "Problem" in BYOB: All-American Family Setup
03:35 Volume of Interest vs. Rate of Return
08:16 34.5¢ of Every Dollar: The Real Drain
10:38 Headwinds vs. Tailwinds: Create Your Own Financial Weather
14:29 Control the Banking Equation (Mutual Companies & Voting)
18:12 Rethink Your Thinking + Mineral Rights Case Study

Ready to build a perpetual tailwind for your money?
👉 Grab the book/bundle and follow the chapter study.
https://www.withoutthebank.com/book/?...
👉 Schedule a consult: https://www.withoutthebank.com/?utm_s...

Links Mentioned:
📘 Becoming Your Own Banker (Nelson Nash) – discussed chapter: "The Problem"
https://www.withoutthebank.com/produc...