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How to "Budget" for Your Prosperity and Wealth

Wealth Talks

Release Date: 09/17/2019

Will COIVD Kill Us? show art Will COIVD Kill Us?

Wealth Talks

COVID is on the rampage! Stay safe, stay home, wear a mask, social distance, but you could die anyway. Fortunately, you can discover if you have the disease by taking a simple test. Unfortunately, 80% of positive test results are false positives, but so what?  Oh, and pull up that mask, all the way over your nose… it’s to keep you safe… it’s to keep everyone else safe, but to really be safe, let’s quarantine.  Wow! It sounds deadly! What can we do to fight this super-virus? Today on Wealth Talks, Tom and John are joined by Dr. John Bergman, an internationally...

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Socialism, Progressivism, Larceny and the Federal Reserve show art Socialism, Progressivism, Larceny and the Federal Reserve

Wealth Talks

Many people think the Federal Reserve is a wing of government… but in actuality it is a Private Cartel. The unusual thing about the Federal Reserve is their ability to create money. We have to work to make our money, but the Federal Reserve can simply print its very own Benjamin Franklins. In today’s day and age, they don’t even have to print. They can generate money with a click of a computer key! No! It can’t be as easy as that! But it is! Very Comforting… isn’t it? Today on Wealth Talks, Tom and John are joined by Dr. Paul Cleveland. Dr. Cleveland has a Ph.D. in Economics and is...

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Questions about the Constitution — with Rick Green show art Questions about the Constitution — with Rick Green

Wealth Talks

Is The United States of America a Democracy, a Republic, or something else? Does the Constitution uphold the Lockdown? What is the Electoral College? Was the 17th Amendment in 1913 good or bad? These are important questions, how do we find the answers? Today on Wealth Talks, Tom and John are joined by constitutional scholar Rick Green. Rick knows exactly what the constitution says, listen in as he answers these and other questions. Listen Now

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Procrastination is a Killer show art Procrastination is a Killer

Wealth Talks

If you let procrastination get a grip on you, it can crush you! People procrastinate all the time, whether rushing busily around doing nothing, or lazily evading their work. One thing people procrastinate about a lot, is their money. They make their money, but then they lock it some place they can’t get it. Or, they hand it over to their Financial Planner, or Stock Broker, because, after all, they will know best what to do. Why do they do this? Because to learn how to grow their money would take some work on their part, and they would rather just hand it over to someone else. This type of...

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Living in Times of Change show art Living in Times of Change

Wealth Talks

When will things go back to normal? What are changes that might arise from this pandemic? What is racism? What can we do about the personal economic impact of everything going on?   Today, Rabbi Daniel Lapin (America’s Rabbi), TV host and bestselling author of the book , joins us on WealthTalks. Listen as Rabbi Lapin answers these and other questions. His answers bring remarkable insight to the problems at hand.   Resources: : https://rabbidaniellapin.com/product/complete-library-package/?utm_source=life-benefits.com&utm_medium=podcast&utm_campaign=07092020Interview

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Orwellian Predictions and The Cost of Conviction show art Orwellian Predictions and The Cost of Conviction

Wealth Talks

Krish Dhanam joins the show today! Are some of George Orwell’s famous predictions coming true? Ignorance is Strength Freedom is Slavery War is Peace Foundations matter - and no less in the times we are living today. When you draw a line there is always a price to pay, but history shows that people who draw the line and stand by their values are the ones who later rise to heights of prominence. Krish also shares lessons from the Bible about convictions… and the cost which these convictions can carry. Developing the Mental Agility, the Physical Presence and the Spiritual Character you need...

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The Case for Universal Life Insurance vs Whole Life show art The Case for Universal Life Insurance vs Whole Life

Wealth Talks

Universal Life Insurance and especially Indexed Universal Life Insurance (IUL) is a relatively new type of insurance, and one which has created a lot of controversy. Some almost swear by it, others just as vehemently oppose it. Some like it because they say it allows them to still dabble in the market, while retaining a death benefit. Others detest it because it shifts the risk away from the insurance company onto the policyholder. Today on Wealth Talks, Tom and John take a look at some common arguments for Indexed Universal Life Insurance. Does the case for IUL have a leg to stand on? Listen...

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Is Social Security Bankrupt show art Is Social Security Bankrupt

Wealth Talks

Originally called “old-age insurance protection”, Social Security was supposed to be a supplemental form of income for those who had not saved enough. Today Social Security has become the primary source of income for many retirees. Social Security gets the money it pays out by taxing people who are still working and also by taxing its own payouts! But there will come a time when Social Security has to pay out more than what they bring in. Social Security will then be “bankrupt.” What exactly does this mean and what will probably happen at this time? Listen Now! Resources: :...

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Why would anyone want to be a banker? show art Why would anyone want to be a banker?

Wealth Talks

We’ve probably all heard the term Becoming Your Own Banker. Why would anyone want to be a banker? Aren’t bankers the professionals? Why not just let them manage all the money? Today on WealthTalks Tom and John share some very interesting and astounding, numbers. At the end of this podcast you will not only realize exactly why you should manage your own money, you will also know how. Listen to the episode now!

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Back to the Basics show art Back to the Basics

Wealth Talks

A brilliant Chemist once said he enjoyed going back and teaching Chemistry 101. Why would he enjoy teaching something that was obviously elementary for him? The answer was simple. Going back to the basics for a time helped him be more creative when he went back to his other chemistry work. Today on Wealth Talks, Tom and John go back to the basics, Insurance 101 if you will. Not only is this a great staring point for newbies, but, just like Chemistry 101, its a great refresh for those who are advanced. Listen Now   Resources:   https://www.life-benefits.com/store/ ...

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More Episodes

Many budget systems give you a good feeling as you start, but cannot produce the sustainable results you need to build real prosperity. As an example take Senator & Presidential candidate Elizabeth Warren’s book which recommends a 50-20-30 budget system.

 

This budget system reminds you of a typical government budget when you realize that only 50% of your income is allocated to necessities that require 60% of an average American household income. Oops!

Maybe you could fit necessities into 50% of your income, especially if your income is above average, but this is not a great plan for keeping more of the money you make OR building prosperity.

 

Better start with something you know will be sustainable and a plan to NOT lose the money you save. Try the 10-20-70 system and make sure you “pay yourself first”. This system has been around for a long time. You know it will be sustainable and if you can save more than 10% (or 30%) of your income, all the better.

 

Resources:

See how the 10-20-70 Budget System Works + Get the Worksheets Free