Wealth Talks

In our family's Christmas gift exchange this year we have a $20 limit. We drew names last month and the rules are that the drawing results are confidential and you can't spend more than $20 on the gift you buy. In this Bonus Christmas Podcast we discuss how putting a financial limit on our family gift exchange increases creativity. 0:00 Intro. 1:19 John's most memorable gift. 3:47 Why a financial...

We share our reasons for moving from Nevada to Indiana and the financial implications of switching houses. We talk about:  Buying our new house while selling our old house Our backup financing plan Why we paid cash for the new house God's timing Freedom and politics Resources: The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE Follow along: Instagram: https://instagram.com/we...

Prior to moving from Nevada to Indiana we took a life insurance policy loan and let that money sit in our checking account because we expected to have some "unexpected" moving expenses. The money sitting in our checking account was our cash cushion. We talk about the "unexpected" expenses that arose  02:34 Video footage of our moving caravan  How we paid for those unexpected expenses to recover ou...

Recessions occur throughout history fairly regularly. Governments often attempt to prevent them from happening, and while these efforts may temporarily delay a recession, they can't prevent one. Since we can expect to see multiple recessions throughout our lifetime, it's wise to be prepared. In today's episode, find three things you can do to prepare for the next recession. Resources:  Wise Man Fo...

Many people want to accomplish more than the status quo in life, and they see money as a means to the end. Money is an important tool, but sadly, some pursue money without a basic understanding of how it works and what it can and cannot do. These people often end up hurting themselves instead of making their lives better.   Resources: A Biblical Guide to Personal Finance

Scare tactics are often used to coerce others into taking a desired action. These tactics attack the victim emotionally, causing them to react very differently than they might if they logically analyzed the situation. A critical first step to surviving financially is being able to think through and around scare tactics. This podcast will help you prepare mentally, so you can avoid becoming a victi...

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide.   Resources: A Biblical Guide to Personal Finance

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide.   Resources: A Biblical Guide to Personal Finance

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide.   Resources: A Biblical Guide to Personal Finance

Many Americans are living paycheck to paycheck, but times are not getting any easier financially, so it's time to break this cycle now because it will only get more painful to do it later. We know people who are living paycheck to paycheck whether they make a low income or hundreds of thousands every year. The size of your income doesn't always matter, but financial principles always do. Sometimes...

A lot of people are living alone and whether they realize it or not, living alone has a cost. This isn't just regarding whether you are married or single, some people are financially all alone. Banding together with a group of like-minded individuals can help you big time financially. Don't go alone! Listen to this episode of Wealth Talks.

Regardless of what the government or media might claim, for many Americans, life is getting worse. As government overreach continues to destroy the private market, things are becoming more expensive and even unavailable. I n this episode, find out what happened to insurance in California and discover a way you could save big with an alternative solution to health insurance.

We aren't against 401Ks or IRAs, we are against the idea that people need to trust an expert to manage their money. A lot of people go with a 401K or IRA because some expert told them to, or because everyone else is doing it. But it's  your money, you are the most qualified person to manage it, and ultimately you are responsible for any gains or losses. So don't just trust an expert or go with the...

Bad economies rear their ugly head fairly regularly, and while they cause damage to almost everyone, the hardest hit are those who haven't prepared, or don't know how to prepare for hard times. When the economy is booming, it's easy to think you have everything figured out financially, but during a downturn you better have your ducks in a row, or it could take you under.

Listening to the wrong people can mess you up financially. You are in control of your own finances, and while people may offer advice on how to handle them, it's up to you to determine whether their advice is good or bad. After all, you're the one who must live with the results. Today on Wealth Talks, you'll discover a way some people can save on taxes. Will this way work for you? Maybe, maybe not...

There are two emotions largely responsible for controlling human behavior.  Fear and Greed. Whether it be the headlines of yester year predicting a coming ice age, the global warming crisis of today, or something else, fear mongers have shrewd ways of making people react. Greed is another detrimental emotion, and interestingly, with so many people putting themselves first, our society is less happ...

Life insurance equity is a great tool which can be used to finance expenses and investments throughout life. Some people try and rush the equity building process, but because they don't understand how life insurance works, they may wind up buying an inferior policy or impatiently give up on the entire idea. But when you understand the process you'll know it's important to "crawl before you walk."...

Left, right, fast, slow, yes, no. Uncertainty is uncomfortable, stressful and can even be paralyzing. Life is filled with uncertainty. It is critically important we understand how to recognize and deal with the stresses of uncertainty to prevent them from becoming paralyzing. Resources: Winning Your Financial Game

412(e)(3) plans are fully insured retirement plans. This type of plan is not dependent on market performance, it is based on the guarantees of whole life insurance and annuities. Not only does this take the guesswork and market dangers out of retirement planning, it can also save you a lot on taxes today. But 412(e)(3) plans will only work well in some situations. Do they make sense for you? Find...

Stress can wear you out. Not only does stress damage your physical health, it affects your decision making ability leading to poor decisions and sometimes to an incapability to make any decision at all. We can't avoid stressful situations. But with better planning, we can reduce them. Find out how on Wealth Talks. Resource: How Life Insurance Works - Video

Are you looking to make a good investment? A great investment? What about the best investment ever? Financial speaking, whole life insurance is not an investment, it is an asset. But many of our clients say purchasing well designed whole life insurance is the best "investment" they've ever made.   Resources: A Biblical Guide to Personal Finance

Trusting the wrong people can really mess you up, but you do have to trust people. So, who are you going to trust and how far will you trust them? This is an area where you want to be careful to have confidence! Listen now to the latest episode of Wealth Talks.   Resources: A Biblical Guide to Personal Finance

If you are playing the game of life, you better know the rules, because things can happen quickly! What might have been a logical move in the past may be a terrible move now. Life is constantly changing, but if we understand the basic rules, we can play the game and have fun!   Resources: A Biblical Guide to Personal Finance

Have you ever bought something you thought was nice only to find out... it's not the real deal? Almost every good item has knockoffs, and many people get suckered into buying them. It's a terrible feeling, but it happens. Do you have the discernment necessary to keep from getting suckered financially? Listen now to Wealth Talks. Resources: A Biblical Guide to Personal Finance How Life Insurance Wo...

Buying a home is the biggest investment many Americans ever make, fortunately homebuying advice is as abundant as zucchini in July. Many advocate extra mortgage payments to pay everything off as quickly as possible. Others staunchly declare you should never make an extra mortgage payment. What should you do? Listen now on Wealth Talks   Resources: A Biblical Guide to Personal Finance