Insurance premiums doubling… tripling… and companies still denying claims. Should you just self-insure and be done with it—or will that decision wreck your finances when disaster hits?

In this episode of Farming Without the Bank, we dig into Chapter 8: Building Your Warehouse of Wealth and talk about what self-insuring really looks like using cash value life insurance, and where it absolutely does not make sense to go it alone.

🔍 What You'll Learn

When it actually makes sense to self-insure vs. when you're just gambling

How Nelson Nash used dividend-paying whole life to self-insure comp & collision

Why auto and homeowners insurance costs are exploding (it's not just "greedy companies")

The ugly side of health insurance: denials, subsidies, and better options people are using

Why crop insurance is subsidized and what that means for your farm risk

How to start building your own "warehouse of wealth" so you're less dependent on traditional insurance

🧾 Key Takeaways

Self-insuring is not "going naked." It means building a pool of capital (like cash value in whole life) large enough to handle losses without destroying your lifestyle.

If you drop comp & collision but spend the premium, you're not self-insuring—you're just hoping nothing happens. That premium needs to be redirected into an asset (like whole life).

Auto and home claims are more frequent and more expensive—sensors, cameras, tech, and repair costs all push premiums up.

Some people can self-insure their home or health because they are debt-free, frugal, and have a plan for where they'd live or how they'd get care. Most people don't.

Health insurance has become a racket for many: denials, crazy premiums, and poor care. That's why some are choosing health sharing or direct primary care subscription models.

Crop insurance is subsidized because actuaries can't collect enough premiums to cover catastrophic events without help. And like it or not, everyone is getting some kind of subsidy (child tax credits, mortgage interest, etc.).

You can choose to self-insure some things, but you must run the numbers and understand the risk, not just react to high premiums.

⏱️ Chapters

(00:00) – Can You Really Self-Insure? (story + crop example)

(00:46) – Nelson Nash on Self-Insuring Comp & Collision

(02:54)– Why Auto Insurance Is So Expensive Now

(06:01) – Self-Insuring Home & Health: Who Can Really Do It?

(10:56) – Crop Insurance, Actuaries & Government Subsidies

(16:23) – Final Thoughts & How to Run Your Numbers

If you're tired of feeling trapped by rising insurance premiums and guessing about self-insuring:

👉 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.

📩 Have questions? Email Mary Jo: maryjo@withoutthebank.com

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.

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Links & Resources Mentioned:

Get the book: https://farmingwithoutthebank.com...

Email Mary Jo: maryjo@withoutthebank.com

Is life insurance a luxury—or a necessity?

In this episode of Farming Without The Bank (FWTB Ep. 338), Mary Jo breaks down Chapter 7 of Nelson Nash's Warehouse of Wealth and explains how Parkinson's Law silently destroys financial progress, especially when people experience windfalls of money.

From selling land, paying off equipment, kids leaving the house, or daycare expenses disappearing—windfalls happen whether you notice them or not. The real question is: Where does that money go?

Nelson Nash's real-life example shows how paying off a policy loan after a windfall can feel like backdating life insurance by 13 years at a better health rating—an advantage you can never recreate later. This episode challenges the belief that life insurance is optional and explains why end-of-life benefits and banking should be treated like fuel in a vehicle—non-negotiable.

Key Takeaways:

Why Parkinson's Law eats every "extra dollar" if you don't give it a job

How windfalls (kids moving out, loans paid off, daycare ending) should be redirected

Why delaying a policy creates massive inefficiencies later in life

Why the end of life benefit for children is about time to mourn, not profit

How farmers and ranchers must be in the business of banking, not just production

Chapters:

(00:00) – Life Insurance: Luxury or Necessity?

(01:07) – Nelson Nash's Windfall & Backdated Advantage

(03:10) – Kids Leaving Home = Hidden Windfall

(04:42) – Parkinson's Law Explained

(08:04) – Daycare, Sports & Missed Opportunities

(09:43) – Death Benefit Is Non-Negotiable

(12:29) – Building Banking Into Your Commodity Price

📘 Grab your books
📅 Schedule your appointment
📊 Have all your numbers ready — personal, business, and farm

👉 Website: https://farmingwithoutthebank.com?utm...

If your information isn't ready, the meeting will be canceled—because clarity requires numbers.