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Without the Bank PodcastAuthor: Mary Jo Irmen
The archaic system of giving up money today, taking on risk, and hoping to retire is B.S. This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Stop Chasing APR—What Really Drains Your Wealth (Ep. 245)
Thursday, 27 November, 2025
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...
