EP 25 - The Grocery Store Example - Part II: The Back Door Mistake | BYOB Series #9

Tricia and Jonathan continue the Becoming Your Own Banker series with the second half of Nelson Nash's Grocery Store example (5th edition, page 16). They unpack the "back door" problem — why taking from your own system without paying it back is a quiet form of self-sabotage — and how scrupulous honesty, long-term thinking, and disciplined repayment are essential to building a thriving family banking system. They also discuss the IRS as a "silent partner" in business and why Nash challenges the usual "friends and family discount" mindset. *]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" tabindex="-1" data-turn-id= "request-69363894-35d4-832e-a624-36d9c5ec2a4e-3" data-testid= "conversation-turn-26" data-scroll-anchor="false" data-turn= "assistant"> 📘 Referenced Book: Becoming Your Own Banker by R. Nelson Nash 🎙️ Series: Becoming Your Own Banker® (Episode 9) *]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" tabindex="-1" data-turn-id= "request-69363894-35d4-832e-a624-36d9c5ec2a4e-5" data-testid= "conversation-turn-30" data-scroll-anchor="true" data-turn= "assistant"> ------------------------------------------   Follow Thrivewell  Facebook  Instagram  Linkedin   TikTok   Get In Touch: [email protected] Learn More: banklessbydesign.com     Disclaimer: All content on this site is for informational purposes only and does not constitute financial advice. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of Tricia Miller, unless otherwise specifically cited. The data that is presented is believed to be from reliable sources, and no representations are made by Tricia Miller, Thrivewell, and Bankless By Design as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.