Teaching our Kids Rentals and Infinite Banking Q&A - Part 2 with Aaron Chapman
Release Date: 05/19/2023
Strategy and New Tech with Patrick Donohoe
Gary's Gulch
I took a few minutes with the CEO of Paradigm Life and my mentor, Patrick Donohoe, during a packed week of working with business owners at the Money Is Mastermind in FL to discuss new features we've released for our clients to help them grow the Agency and achieve their financial dreams. Who’s the Guest? Patrick Donohoe founded Paradigm Life in 2007 and, like many during the 2008-2009 financial crisis, learned firsthand about the unpredictability of the business environment and economy. That period tested him but also shaped him. Amidst the struggle, he worked tirelessly, providing...
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Give me Liberty or Give me Death!
Gary's Gulch
COVID hysteria is back! The globalists are gearing up for another election in 2024 and it is now time to usher back in the masks and other fear-based tactics to remind you it is a scary world and you need the nanny state elites to protect you, so vote to give your rights away. I put these risks in perspective and give you talking points to share with loved ones and build your own resolve. Listen in so we don't ever go back to 2020! Episode Highlights The importance of financial independence, free from government influence. Protection of freedoms and the purpose of the Second Amendment....
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Aim for Significance, not just Success, by Serving Others
Gary's Gulch
This episode is inspired by the passing of the great Jimmy Buffet. I discuss why serving others is the key to having a life worth living and provide my recommendations on how to get started. Episode Highlights Attending a Jimmy Buffett concert. Recognizing the significance of living a life that serves others. Contributions of motivational speakers like Zig Ziglar and Jim Rohn. The importance of pursuing significance. Differences between success and significance. Sharing a personal commitment to live a life of significance. Recognizing the potential impact of each individual. Recommending ways...
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Loans and Interest Rates - Learn for AGENCY!
Gary's Gulch
I often get asked, is a policy loan best for this purchase (or investment)? My answer 'It might be! Let's discuss'. This episode talks about what drives interest rates, where to borrow and why, and the overall impact on your ability to grow your Agency. We cover Direct Recognition loans, Variable vs Fixed rates and much more - come listen so you can grow AGENCY! Episode Highlights How understanding interest rates can be beneficial Role and importance of understanding how interest rates work over a long period of time How rates for savings accounts might significantly increase in...
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Legacy - How and Why do we do it?
Gary's Gulch
As a follow up to my longer discussion on Legacy a few months ago, I share some insights from a recent conversation with my attorney Andrew Howell on what is most important and big picture techniques to protect the people and resources most important in your life. Episode Highlights The difficulty of guiding clients through a full estate planning process without professional advice. The importance of taking simple, inexpensive actions for estate planning and asset protection. Explanation of asset protection and its three purposes. The risk in operating businesses and the need for a...
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Agency - Light that Rocket!
Gary's Gulch
Today, it is vital that America wakes up our true leaders of agency, not those in DC, but those in the small towns and big cities that have a rocket full of value inside and are afraid or confused of what happens when they ignite it. Gary's Gulch is about attracting these agency-filled leaders, helping them maximize their resources and become people and companies of true significance in a time the whole world needs it. Come join me and light that rocket! Episode Highlights Gary’s interpretation of agency The crucial role of personal agency in one's life A personal...
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Growing Agency as the Conscious Investor with Julie Holly
Gary's Gulch
Julie Holly, host of the Conscious Investor podcast and I discuss what it takes to achieve massive Agency in your life and gain true clarity on your path. Listen in and light that rocket of entrepreneurism that lies patiently inside you! Episode Highlights Julie Holly's background as a real estate investor and multifamily syndicator, with a passion for helping individuals with their mindset. Explanation of Julie's podcast content, offering mindset episodes and interviews with real estate investing experts. Gary's passion for helping individuals achieve freedom. Gary's philosophy in...
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What Creates Lasting Freedom for YOUR Family?
Gary's Gulch
We are all seeking Agency, the ability to live life on our terms, to not be forced to say or do things that we know to be wrong but many do anyway because they feel financially stuck - it doesn't have to be that way - start today to Right your Ship and point it towards AGENCY! Episode Highlights The significance of eliminating financial blackmail for achieving and sustaining freedom. Optimism for the restoration of American liberties despite ongoing threats and challenges. How media control and buying off public figures has helped the advancement of communism and socialism in America....
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Serenity Now! Take a Breather on the Interest Rates
Gary's Gulch
The Federal Reserve raised interest rates again this week to a 22 year high. Is it time to panic? Perhaps for many out there, but not for those that understand that having financial control makes interest rates irrelevant. If you have the cash, you can always get out from under a bad interest rate. Listen and find out what I mean! Episode Highlights The importance of liquidity Our need for peace of mind and escape from everyday stresses The analogy of a river to represent inflation. The critical role of holding resources for longer-term happiness, providing peace of mind, and facilitating the...
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Resiliency: Making Every Day a Success
Gary's Gulch
Living an inspired and abundant life is the prize and it is made possible through practicing and mastering the quality of Resiliency: Having the perseverance through setbacks to achieve true agency so that you can operate from a place of optimism and abundance of time and resources. That is living an inspired life. Have a listen to find out how to build the life you want. Episode Highlights Resiliency, its importance, and how it relates to daily success Handling setbacks and the importance of constant growth Philosophy on facing challenges and role of optimism and resilience in the...
info_outlineThis is the 2nd of a 2-part series on growing wealth through the combination of directly owned rental properties and infinite banking. In this one we discuss teaching the next generation, growing a legacy and answer some listener questions. If you missed part 1 last week, go back and review - I review why directly owned assets, the first investing tier in the Hierarchy of Wealth is vital to our long-term success and we discuss how each of us got started and why.
Episode Highlights
- Importance of having a solid foundation in your financial life to handle unexpected situations
- Warning against purely relying on market advisors for finances and the dangers of not taking control of your own investments
- The need for control and building a strong foundation before moving to speculation in finances
- Why you should start having a team of advisors such as property managers, wealth strategists, and mortgage experts like Aaron Chapman to navigate the financial world
- Utilizing a whole life insurance policy for financial planning within a family, and involving children in the process
- Structuring financial policies for children with the intention of continuing to build the family's wealth, and putting in place measures to protect against financial loss
- The potential benefits of borrowing against a whole life insurance policy or borrowing from a bank using the policy as collateral.
- The ease of adjusting the amount down payment depending on the specific property and market
- Differences between borrowing against a whole life insurance policy and other entities such as IRA and 401K
- Clarification on protection of cash value in policy from potential creditors and suggestions for equity stripping to protect the property
- Comparison between IUL (Indexed Universal Life) and whole life insurance policies
- Addressing whether the property needs to be in the name of the policy holder and who can borrow from the policy
- Discussing how cash value inside the policy can count as asset reserves on conventional loans and not count against DTI (Debt-to-Income ratio)
Links and Resources from this Episode - Connect with Gary Pinkerton
- https://www.paradigmlife.net/
- [email protected]
- https://garypinkerton.com/
- https://www.aaronbchapman.com/videos/
- https://www.youtube.com/watch?v=oaRJeL0m-j0&t=1s
- https://www.youtube.com/watch?v=zASwmWIbp34
- https://www.youtube.com/watch?v=Qp8eiCNQbsk&t=38s
- Connect with Aaron Chapman
- https://www.aaronbchapman.com/
- https://www.youtube.com/watch?v=oaRJeL0m-j0&t=1s
- https://www.youtube.com/watch?v=zASwmWIbp34
- https://www.youtube.com/watch?v=Qp8eiCNQbsk&t=38s
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