Rich Dad Poor Dad
Wealth Talks
Explore and learn the key points from the book Rich Dad Poor Dad written by Robert Kiyosaki. Build a system of assets instead of liabilities. Learn to think like the rich instead of like the poor and middle class. Dr. Steve Hryszczuck read Rich Dad Poor Dad and implemented some of the principles of the book into his life. The results yielded a system of assets providing a cashflow return. We sat down with Dr. Steve and he shares and explains what he has done, and how it is working for him in these two episodes here: Real Estate Investing with Dr. Steve Hryszczuk: Infinite Banking and...
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How to Fund Whole Life Insurance
Wealth Talks
On todays episode 566, we break down how to fund dividend-paying whole life insurance used with the Infinite Banking Concept, including: - Paying your policy premium - How to stop paying a premium on a whole life policy - Retirement with a policy designed for Infinite Banking - Riders and Premiums on dividend-paying whole life insurance Get The Show Notes Here: On wealth talks podcast we break down Nelson Nash's revolutionary Infinite Banking Concept step by step. Learn exactly how to start infinite banking, including: - Choosing the right dividend-paying whole life policy and adding...
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Expanding your Infinite Banking System
Wealth Talks
Buying Term Life insurance rather than Whole Life insurance and then investing the difference of premium payments, became popularized financial advice in the 1970s and 1980s by AL Williams. Now today, 50 years later, this advice is still the cornerstone principal for many financial advisors including Dave Ramsey. Is Buy Term and Invest the difference the best option now? Whole Life insurance policies available today are different than 50 years ago, the market is always changing, is it time to revisit buying term and investing the difference? In this episode we compare buying term and investing...
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Wealth Besides Money
Wealth Talks
Are you often late? ... It could mean you're an optimist type personality. Ben explains in this episode and Steven self convicts. Wealth is often used in reference to monetary value or quantity. Many people never consider the wealth that is beyond money. Relationships, Memories, Health, Family, Friends, Opportunities etc. Wealth is a comprehensive expression. Today on Wealth Talks Podcast, we talk about some of these other types of wealth. *This episode takes a bit of a turn.* Link to Jesse's video on buying his house: Follow the Wealth Talks Podcast on: Instagram: Facebook: Listen to the...
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Buy Term and Invest vs. Whole Life Insurance
Wealth Talks
Buying Term Life insurance rather than Whole Life insurance and then investing the difference of premium payments, became popularized financial advice in the 1970s and 1980s by AL Williams. Now today, 50 years later, this advice is still the cornerstone principal for many financial advisors including Dave Ramsey. Is Buy Term and Invest the difference the best option now? Whole Life insurance policies available today are different than 50 years ago, the market is always changing, is it time to revisit buying term and investing the difference? In this episode we compare buying term and investing...
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Infinite Banking Concept and a Modified Endowment Contract MEC
Wealth Talks
A good life insurance policy can become a Modified Endowment Contract when it fails the 7 pay test. What does that mean in plain terms? We explain in this episode. Learn what a MEC is (modified endowment contract) What if my Infinite Banking Policy becomes a MEC? Is a MEC bad? Can a MEC be good? How to avoid a MEC Why did the rules for life insurance change in 1988? What is the 7 pay test for life insurance? Learn the history of the MEC laws passing congress Podcast Episode 560: 📄 INFINITE BANKING MADE SIMPLE BINDER | Get the free binder here: Follow the Wealth...
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Convertible Term Insurance
Wealth Talks
Converting term insurance into a permanent life insurance policy can allow you to recover the cost of your insurance in a matter of a few years, insure that your premium will never increase, your death benefit will never expire, and in addition to this, build cash value equity in your policy that will continue to accumulate and grow tax free. (listen to understand more about this) One of the best kept secrets about Life Insurance is convertible term insurance. Convertible term insurance allows you to take advantage of the low premiums of term insurance and lock in your insurability, and then...
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Infinite Banking Questions and Answers
Wealth Talks
If you have questions about Infinite Banking or Whole Life Insurance, this is the perfect episode for you. We go through a bunch of specific questions on Infinite Banking, Whole Life Insurance, Financial Strategies and the like; answering the questions in lots of detail. Resources for this episode are here: Gracine's video on single premium policies: Tom's video on 2 ways to pay property taxes: 📄 INFINITE BANKING MADE SIMPLE BINDER | Get the free binder here: Follow the Wealth Talks Podcast on: Instagram: Facebook: Listen to the Wealth Talks Podcast on: YouTube:...
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Financial Planning
Wealth Talks
What is the most important factor in retirement planning? The philosophy and the financial habits you create. John does financial planning for clients. Today he shares details about how he goes about creating a successful financial plan. What is his goal when he advises his clients? How does he make projections for his clients? How do you make calculations based on future assumptions? Whats the best way to save for education? How do you plan for retirement? How much money is enough? Can you calculate that number? An important message on retirement is...
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White Coat Investor vs. Infinite Banking
Wealth Talks
On this episode we are discussing an article written by the White Coat Investor on Infinite Banking. The article is called 7 truths on Infinite Banking / Bank On Yourself. In this episode: Who is The White Coat Investor? Are the 7 "truths" of this article accurate? ... We discuss each of them today. Is The White Coat Investor consistent? Clarity on some confusion around infinite banking and whole life insurance Direct vs Non Direct recognition. What is an Infinite Banking Policy? Link to Tom McFie's article on the White Coat Investor: Follow the...
info_outlineAmericans are running out of money in retirement, and its not just by a little… there’s a big shortfall. It shouldn’t be this way, but sadly Americans have either not saved enough, or saved in the wrong places… maybe some of both.
The typical IRA and 401k are just not cutting it. So what should we do instead?
Today on Wealth Talks, Tom and John talk about why the 401k and the IRAs have failed Americans, and what we can do to save more effectively for the future.