Wealth Talks

These are the 5 Human factors from the book Becoming Your Own Banker (The Infinite Banking Concept) written by R Nelson Nash Parkinsons Law Willie Suttons Law The Golden Rule The Arrival Syndrome Use it or lose it In the book Becoming Your Own Banker, Nelson Nash writes, "If you control these 5 factors, you can be successful at Infinite Banking. And if you are successful with infinite banking it w...

Indexed universal life insurance, commonly called by it's acronym IUL, is one of the most complex types of life insurance, and its complexity often makes it difficult to understand. In this episode we break Indexed Universal Life Insurance down into simple plain english, making it easy to understand. You'll learn the history of IUL, what it its, how it works and if its right for you.  Download Bin...

Vacation has a way of bringing you a new perspective on life. A change of scenery, new experiences, a different schedule and different culture. We went on vacation, and have some aha moments from our trip to share with you. Traveling from Indiana down through Kentucky, Tennessee, Georgia, and Alabama, we went vacation at Gulf Shores Beach on the Gulf of America. We visited Buc-ees for the first ti...

Some people see forced savings as a negative limiting rule they are bound to, while for some it provides guidelines to help them thrive. Is forced savings a good thing for you? Does it limit you? Let us know how you feel about it. Follow the Wealth Talks Podcast on: Instagram:  https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook:  htt...

Learn about Whole Life Insurance and how it works, the pros and cons of whole life insurance, how you can use whole life insurance cash value and loans. Also in this episode learn more about Indexed Universal Life Insurance. Is IUL really a permanent life insurance policy? Does universal life insurance work well? Does term life insurance have a benefit if you're single or already have life insuran...

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 d...

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: https://mcfieinsurance.com/podcasts/...

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 polic...

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...

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 polic...

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 lif...

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...

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: https://www.youtube.com/watch?v=POTBDjFA6yE&t=...

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? What...

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 wh...

Dave Ramsey has 7 recommendations: Start a $1000 emergency fund Implement a debt snowball strategy Have 3-6 months of expenses worth in savings Invest 15 % of your income Save for your children's college tuition Pay off your house early Build wealth and give Are these 7 steps good to follow? Do they lead to financial success? Here's our opinion. Also in this episode: What is the difference between...

We decided to ask Chat GPT questions about Infinite Banking. It was pretty accurate today, but it also had some serious errors. We ask Chat GPT, What is Infinite Banking? And it gives us an example.  We ask Chat GPT, What about using Indexed Universal Life Insurance for Infinite Banking? Is Dave Ramsey correct about Infinite Banking? Can I use Infinite Banking for Retirement Income? This whole epi...

How Infinite Banking is going to work in 2026. What's changing? What's staying the same? In this episode:  *An update on Dad* His diagnosis, treatment and whats happening right now. Using Infinite Banking to keep your money growing at maximum efficiency Using Infinite Banking with Real Estate Why should you use Whole Life Insurance with Infinite Banking? Making a cash offer on a piece of real-esta...

This is the story of how Michael and Andreini used Infinite Banking to purchase their new car. A Toyota 4 Runner Limited, AWD, premium wheels and less than 9000 miles for $55,500. Infinite Banking allows you to put yourself in the driver seat of your own finances by providing access to financing under your own terms. No loan underwriting, no credit applications, you're in control. You'll hear in t...

Planning for retirement. Is it smart to follow what everyone else is doing? Can Life Insurance help with your retirement strategy? What is a 401k?  What is a 7702?  We discuss planning for retirement in this episode and the many different options and approaches that are available, and what people choose. Listen and get all the details now. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here...

Marc Adams is the founder of the world renowned Marc Adams School of Woodworking. He joins us on this podcast and shares the story of how it all got started. The Marc Adams School of Woodworking (MASW) hosts world famous craftsman and artist to share their time honored crafts. Woodworking, glass blowing, painting, leather working, metal working, quilting, furniture building, joinery, cabinetry and...

Kyle Busch is suing (and its a massive lawsuit!) over the performance of his Indexed Universal Life insurance policy that has killed his retirement plan. We go over the details of whats going on in this podcast episode. Is it the life insurance agents fault? Is it the Insurance Companies fault? What will this mean for other people who own this same kind of Insurance? This a lawsuit for the books!...

How do you get a large amount of money into an Infinite Banking Policy? We go over the details on this episode. This episode follows the story of one of our real estate clients who came to us for an infinite banking policy. Listen along and learn from this real life scenario. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-b...

These three board games all teach important financial lessons that are important to keeping more of the money you make, putting your money to use so it works for you, and achieving success in life. Success looks different to everybody. But the principles to building wealth, making money, and having a passive income are consistent, and remain unchanged year after year. Listen as we discuss the impo...