Welcome to Wealth Talks where we talk about solutions, money, and other things that create wealth in your life
info_outline Jeremiah, Jerusalem and Life Insurance 11/24/2020
Jeremiah, Jerusalem and Life Insurance The walls of Jerusalem were crumbling, just outside the Babylonian army was waiting to loot and burn the city and carry the Israelites into exile. In the midst of this looming catastrophe, God told Jeremiah to buy land. In such a time of crisis, why would God tell Jeremiah to buy land? Can this help us know how to act in today’s troubled times? In this week’s episode, John is joined by Ben as they discuss this story, and how it applies to us today. Listen Now
info_outline What EXACTLY is The Life Benefits Formula? 11/18/2020
What EXACTLY is The Life Benefits Formula? The Life Benefits Formula is this: (Work + Mutual Respect + Education) x Faith = Sustainable Wealth In this week’s episode, Tom and John discuss each component of The Life Benefits Formula, what it consists of, and how it works. Listen Now
info_outline Types of Life Insurance 11/10/2020
Types of Life Insurance Recently a poplar investment and financial website ran an article about Life Insurance, but the article was inaccurate and not true. We responded with a new article on the subject, bringing much needed clarity to how Cash Value Life Insurance works. Today on Wealth Talks, John and Ben talk about the different types of Life Insurance available, and how you can use your cash value life insurance as a financial tool. There are multiple types of life insurance, each kind created for a specific purpose. Some accumulate cash value, some are just pure death benefit, still others have an investment option. Listen in and learn about the different types of life insurance, and why life insurance is called the 4th pillar of Americanism. Resources: : https://www.life-benefits.com/5-ways-obtain-whole-life-insurance-cash-value/
info_outline Protecting Yourself Legally 11/04/2020
Protecting Yourself Legally Protecting yourself legally is a must. But how do you go about it? Most Lawyers are happy to “set you up”, but it might be exactly that! Today on Wealth Talks, Tom and John are joined by Attorney Lee Philips, a Counselor to the U.S. Supreme Court, to talk about ways you can protect yourself legally. Do not miss this episode… Listen Now! Call John to order Lee Philips’ Accumulation and Preservation of Wealth System + Advanced Tax Tactics: 702-660-7000 (or email )
info_outline Time and Money 10/27/2020
Time and Money Americans 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.
info_outline Should you borrow from your Life Insurance? 10/20/2020
Should you borrow from your Life Insurance? Some people advocate borrowing from a life insurance policy for everything. Others vehemently oppose taking a policy loan at all. What should you do? The answer is simple though not conclusive… it depends. Sometimes it makes great sense to take a policy loan. At other times, you can save more money by borrowing elsewhere. Today on Wealth Talks, Tom and John point out the effects of borrowing against a policy, and how you can decide when to use a policy loan and when to look for other funding options.
info_outline Do Extra Mortgage Payments Save You Money? 10/13/2020
Do Extra Mortgage Payments Save You Money? With low interest rates right now, does it make sense to make extra payments right now? This is an area of confusion for many, and it is often glossed over by the experts in finance. Today on WealthTalks, Tom and John discuss making extra payments on a mortgage, and even using a HELOC to pay off the mortgage early. Knowing the facts can save you a lot of money. Listen Now on Wealth Talks
info_outline What is a Roth IRA? 10/06/2020
What is a Roth IRA? How did it originate? What was it intended for? How can it be used? Is it a good financial strategy? Those are good questions. Listen Now on Wealth Talks as Tom and John delve into the inner workings of the Roth IRA. : https://www.life-benefits.com/how-does-a-roth-ira-work/
info_outline How to Build Sustainable Wealth 09/29/2020
How to Build Sustainable Wealth Its been an exciting few days! The new book How to Build Sustainable Wealth has finally premiered as a softcover. Many people are struggling financially. They are doing all they know how to do, but their money keeps slipping through their fingers like sand. Frustrated and upset, they turn towards a Financial Planner for help. Sadly, this is often the worst thing they could do. On this show we discuss the new book How to Build Sustainable Wealth, and how it can help you keep more of the money you make. Order the new book How to Build Sustainable Wealth by Dr. Tomas McFie: https://www.life-benefits.com/store/
info_outline Silver, Gold and a Cashless Society 09/22/2020
Silver, Gold and a Cashless Society The Economy is suffering, stability is not an accurate description of the Market, and the Federal Reserve seems to be playing a game of Jenga with our monetary system. It seems as if any moment everything could come crashing down. What should we do?… what can we do? In uncertain times, like the present, many are advocating buying silver or gold. Is this a good choice? Are there better options? Find the answers now on WealthTalks.
info_outline Should your Home be an Investment? 09/16/2020
Should your Home be an Investment? Real Estate prices have been fluctuating for years. Goaded by natural disasters, crime and political intrigue, real estate prices have been anything but stable. Seemingly “safe” properties are not immune, the arrival of a less than desirable neighbor, or the whim of some politician can change your home’s value drastically. All told real estate seems a slippery surface on which to set your basket of eggs. But what else can we do? Where else can we build equity today? Commercial Real Estate? A HELOC perhaps? Join us on Wealth Talks and discover the answers to these questions.
info_outline Can TUMS make you sick? 09/08/2020
Can TUMS make you sick? The purpose of TUMS and other antacids seems straightforward - almost like a magical formula to solve Heartburn and acid indigestion. But how do antacids work? They either neutralize the acid in your stomach or, depending on the product, they might prevent you from making as much acid in the first place. With no acid to slosh up your esophagus, you can’t get heartburn! This all seems great, but an interesting study shows that those who took antacids were more likely to become ill than those who did not. The acids in your stomach protect you from diseases. With these acids destroyed, germs can move right in and pull a chair up to the fire, so to speak. Eating raw foods will keep your immune system strong and will also help too keep you from getting heartburn, as your stomach doesn’t have to produce as much acid to break down these foods. But let’s face it. Replacing a Big hamburger and fries with cool Brussel sprouts and carrot sticks, can be disheartening to say the least. Today on Wealth Talks, Nutritionist Doug Grant reveals the natural solution to excess stomach acid. And no, you don’t have to munch Brussel sprouts for the rest of your life! Resources: Use code: OHSWEALTH during checkout to get 10% off your first order with Optimal Health Systems
info_outline Interview with Ralph Reed 09/02/2020
Interview with Ralph Reed It’s obvious that Christian faith is under attack on many levels across America. This inherently includes an attack on the Judeo-Christian values which support the ownership of personal property and allow American families to build sustainable wealth. Dr. Ralph Reed’s latest book provides a defense of Judeo-Christian values especially relating to political decisions in the face of vocal opposition. When it comes to elected officials, you can’t ignore or deny that there are “politics” involved in the way they deal with certain issues and regulations including recent restrictions and standards surrounding COVID and rioting. But Freedom is in the DNA of the American people, and most agree on the foundational values of: Faith in God, Strong Families & Civil Society, Free Markets, Rule of Law and Limited Government. Many evangelical Christians are facing hate for supporting Donald J. Trump for President in 2016. As the Founder and Chairman of Faith and Freedom Coalition + working on the campaigns for 11 presidential elections over the years, Dr. Reed definitely has a connection to the pulse of national politics as they relate to Christian Faith and values. Listen and consider what the election means for your faith, values and wealth. 3 Steps to Effectively Stand for your Values in 2020 and beyond: Be educated & informed Vote Work to influence public policy Resources: :
info_outline The Life Benefits Youtube Channel 08/25/2020
The Life Benefits Youtube Channel YouTube has changed the world of learning. With a simple search, we can find videos to learn about almost anything under the sun. But there is so much non-relevant, outdated, and even mis-information online too, that trying to sort out the gold can be frustrating. Today on WealthTalks, you get a “behind-the-scenes look” at the Life Benefits YouTube channel, as Gracine and Jesse join the show. How do we keep our videos relevant? Where is a good place to start? What will these videos help you with? Listen Now on Wealth Talks Also on this show… sneak peek on next week’s show with a special guest! Resources:
info_outline Benefits of Owning Life Insurance in 2020 08/19/2020
Benefits of Owning Life Insurance in 2020 Only 59% of Americans own life insurance and 50% of these people are still under-insured. Why don’t people own more life insurance? Perhaps it’s because they: Have been told it’s a bad investment? Have heard misunderstandings about life insurance Had an experience with a bad policy (or a bad agent) Or maybe they think: Group life insurance is enough Life insurance is “just for the next guy” The insurance they would like to have would be too expensive Or maybe they don’t want to think about it. There are many benefits to owning the right kind of life insurance policies in the 2020 economic environment and beyond. Today Tom and John discuss some of these benefits and reveal common mistakes around life insurance. Resources: (delivery in September): https://ao160.infusionsoft.app/app/orderForms/Fire-Your-Financial-Planner-Preorder
info_outline Will COIVD Kill Us? 08/11/2020
Will COIVD Kill Us? 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 renowned doctor, practicing in the U.S. and Mexico. Dr. Bergman brings special insight around the COVID virus, and what to do to really stay safe. Resources: Dr. John Bergman's Website: Extreme Health Academy: Dr John Bergman's Youtube Channel:
info_outline Socialism, Progressivism, Larceny and the Federal Reserve 08/04/2020
Socialism, Progressivism, Larceny and the Federal Reserve 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 a Professor of Economics and Finance at Birmingham-Southern College. Dr. Cleveland gives us a brief history of the Federal Reserve and how it operates + a way we can stay in the game despite the rising inflation. Resources:
info_outline Questions about the Constitution — with Rick Green 07/29/2020
Questions about the Constitution — with Rick Green 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
info_outline Procrastination is a Killer 07/21/2020
Procrastination is a Killer 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 procrastination has cost people big time! What can you do to avoid procrastination? Listen Now Resources: : https://www.life-benefits.com/3-things-to-become-wealthier
info_outline Living in Times of Change 07/14/2020
Living in Times of Change 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
info_outline Orwellian Predictions and The Cost of Conviction 07/08/2020
Orwellian Predictions and The Cost of Conviction 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 to weather the social and economical storms of the 21st century has never been more paramount. Excellent and important material. ResourcesPurpose and Productivity Podcast by Krish Dhanam https://podcasts.apple.com/sg/podcast/purpose-productivity/id1519074745 https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy81YmVkNzI4L3BvZGNhc3QvcnNz
info_outline The Case for Universal Life Insurance vs Whole Life 07/01/2020
The Case for Universal Life Insurance vs Whole Life 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 Now! Resources: : https://www.life-benefits.com/podcasts/indexed-universal-life-insurance-iul-how-it-works-and-what-you-need-to-know/ : https://www.life-benefits.com/podcasts/do-you-have-a-friend-selling-indexed-universal-life-insurance/
info_outline Is Social Security Bankrupt 06/23/2020
Is Social Security Bankrupt 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: : https://www.facebook.com/LifeBenefitsTeam/posts/3110599242296727
info_outline Why would anyone want to be a banker? 06/17/2020
Why would anyone want to be a banker? 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!
info_outline Back to the Basics 06/09/2020
Back to the Basics 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/ https://www.life-benefits.com/prescription-for-wealth-book/ https://lifebenefits.lpages.co/financial-class-05192020-recording/
info_outline Are Life Insurance Companies still willing to sell Life Insurance due to COVID19? 06/02/2020
Are Life Insurance Companies still willing to sell Life Insurance due to COVID19? Recently a few articles have made their way into the news about Insurance Companies turning down would be purchasers due to the COVID19 Pandemic. Perhaps the Wall Street Journal put it best stating “Some Americans are being turned away trying to buy Life Insurance”. Today, Dan Foley, Senior Vice President of Marketing Technology with Security Mutual Life, joins the show to talk about what exactly is happening with the Insurance companies. Security Mutual started in 1886 in New York. Now they sell insurance in all fifty states, the District of Columbia, and the US Virgin Islands. 38 years ago, Dan Foley joined them, starting work in the company’s actuarial science department. Dan Foley really knows his stuff! You do not want to miss this interview.
info_outline Are Life Insurance Companies strong coming out of the COVID Pandemic 05/27/2020
Are Life Insurance Companies strong coming out of the COVID Pandemic Recently there have been some sensational articles in the media suggesting life insurance companies are facing tough times with the financial crisis combined with COVID-19. Special guest Attorney Andrew Rinn, also the Vice President of Advanced Markets at Ameritas, joins us to share an inside perspective on what’s really happening at mutual life insurance companies right now. It is fascinating to hear how life insurance companies (especially mutual companies with strong cash positions and a low debt ratio) are in a position to obtain nice deals in the current bond market. Underwriting procedures and virtual research have also been upgraded to minimize paramedic requirements for new policies. Life insurance guarantees are always important - never more so than during these times. It’s good to hear how mutual insurance companies like Ameritas are putting their policy holders first - keeping guarantees strong and recognizing liquidity needs through policy loans. Thank you for sharing, Mr. Rinn!
info_outline Riding a Bicycle and good Money Management 05/19/2020
Riding a Bicycle and good Money Management He straddled the bicycle for the first time, set his feet on the pedals and rode serenely away into the glowing sunset. Oh if only it was that easy! It isn’t of-course, because, like everything, there is a learning curve. Is it possible to eliminate the learning curve on a bicycle by learning everything you can about it? What if you learned the way the shifter worked, the way the derailleur, the chain the sprocket, the cassette, the front brake and the back brake worked. What if you looked up a video on bicycling 101 and even read an entire book on bicycling for dummies, would the learning curve be eliminated? No! Decreased? Yes, but eliminated? Emphatically no! So how does all this relate to good money management? Listen to the episode now!
info_outline What are you worth? 05/12/2020
What are you worth? What are you really worth? Americans used to save over 14% of what they made, but now Americans are hardly saving at all. Many people don’t feel they are worth anything, and hence they don’t save anything. This is tragic! How much should you save? Some say you should have enough saved to live on for 6 months, some say enough for 3 years. Both those options beat having just $500 like 50% of Americans, but are they right for you? Also on this show: If guaranteed policy values are based on a 4% return, and I you are paying 5% interest on a policy loan, are you only paying a net 1%? As you may suspect, there is more to the actual results of this example than what appears on the surface. Join Tom and John on Wealth Talks, as they discuss the answers to these questions. Resources: : https://www.life-benefits.com/10-20-70-budget-system/ https://ao160.infusionsoft.com/app/manageCart/addProduct?productId=208
info_outline Investment Opportunities 05/05/2020
Investment Opportunities If you’re interested in investment opportunities, take the time now to begin preparing and learning everything you can about the process. For example, if you think Real Estate investing and rental properties sound interesting, then learn about the state laws, the systems and templates that you would need to have in place for this type of investment/business venture. There are some great resources online for learning about state specific laws and getting actual templates that can help you in this type of venture. Checkout this example of a from iPropertyManagment. Learn about the different expenses associated with the investments you think you may want to make. Calculators such as this on AARP can help with this process and in evaluating real opportunities when they do come along. Anyone can lose money investing, but starry-eyed novice investors tend to lose much more than people who have enough knowledge to avoid major mistakes. Get knowledge on your side. And regardless of the investment opportunities you want to pursue, be sure you are building a strong foundation of guarantees and liquidity before investing, because investments are always going to carry risk. Life Benefits can help you build your foundation of financial guarantees through Life Insurance. Call us for assistance at 702-660-7000. Resources: