Wealth Talks

Watching our economy is like watching a car hurtling down the interstate at 104 mph with 5% tread left on three tires, a bent rear axle and a spare rated for 45 on the front right... something is going to happen... but what? Today, Tom and John discuss what they foresee happening and what we should do to prepare. Resources: How to Build Sustainable Wealth

Our country is in trouble. Gas prices are at unprecedented highs, criminals go unpunished and gross corruption seems to be the only requirement for holding public office. America is almost to the 250-year mark at which, historically, many nations have fallen. Will America survive? Should we just blow everything up and start over? Or can we still save America? Rick Green, former Texas representativ...

The American system of government based upon " the Laws of Nature and Nature's God ", has facilitated the largest burst of creativity, wealth production and accumulation in all human history. Within this system there is always conflict between extremes which tends to find a working balance in different ways at different times. When a viable balance is achieved during the struggle for equilibrium,...

The percentage of people who own life insurance has been dropping big time. Fewer and fewer people understand the importance of being insured. This is too bad, because, while life insurance does help maintain the quality of life for people you love when you pass, life insurance can also increase the quality of your life while you are living. On today's episode, Tom and John discuss why they think...

We live in a world that too often blurs important distinctions between fact and feeling so far it becomes easy to question the existence of the fact.   But behind this facade, you can recognize the unflattering lawyer's adage -  if the facts are on your side argue the facts, if the law is on your side argue the law, if neither is on your side then change the subject and question the motives or att...

There are many legal ways to save on taxes, but there are also a lot of dangerous tax schemes. You can smell some tax schemes from a mile away, but others are more subtle – these are the ones that can get good people into trouble. Let's face it, everyone wants to save on taxes, but nobody wants to get in trouble with the IRS. Today on Wealth Talks, Tom and John are joined by Jack Cohen CPA who ser...

Ignorance and Stupidity, Greed and Fear will be some of your leading enemies when trying to achieve success of any kind – especially financial success. Understanding the characteristics of these ailments can help you to identify and overcome them before they have time to impose the entirety of their destructive behavior and results in your life. It's been said that "man's biggest enemy is ignoranc...

It's a nice big word... but what is it, and is it relative to life? Cognitive Dissonance is the name for a common, if detrimental, human behavior phenomena. Listen as Tom and John explain cognitive dissonance, and how you can respond to it in your life. Resources: Winning Your Financial GAME , How to Build Sustainable Wealth

Interest rates are a vital part of our economy and can quickly turn a boom into a bust or vice versa. Today, Tom and John tell you everything you need to know about the recent shift in interest rates, what they foresee happening to interest rates, and some ways to prepare for the coming changes. Resources: Winning Your Financial GAME , Financial Class Recording

"Free Range" chicken is better than regular chicken... or is it? While it certainly commands a higher price over other birds at the grocery store, "Free Range" doesn't mean what many people think it does. "Free Range" isn't the only misleading label... there are many others, and not just in the food industry. Don't get taken-in by misleading labels! Listen now to Wealth Talks.

High cash value life insurance policies are often referred to as banks... but is this correct? Learn about what goes into the process of starting a bank and why this is important to you. Not only are there different practices on this topic, but there are

We can't control the "what ifs" of life... but we can choose to live in faith. Faith for the future does not entail thinking raw positive thoughts or screaming "I am a hero" in the mirror. In fact, such raw positivity, unfounded on a solid base, leads to fear and frustration. On Wealth Talks, join Tom and John as they discuss how to live with faith and balance for the future.

How should you manage your money? Is it a good idea to let an adviser or planner manage your money for you? Should you be concerned about getting the highest rate of return? All this and more on the latest episode of Wealth Talks.

Why do so many airplanes crash after heavy maintenance (engine overhaul, etc.)? Why do cars sometimes have more problems when they come out of the shop? Why do patients become worse after surgery? Why are some people losing money even when their money is actively managed? There is something to explain this phenomenon, it's called "Maintenance Induced Failure."   How much Maintenance is too much? L...

Making money is one thing, keeping it is quite another! There are many places to keep money, IRA, 401K, 529 plan, etc., but where should you keep yours? On today's episode, Tom and John discuss some of the different places you can keep your money. Listen Now!

With the US dollar becoming more inflated, the question arises: Should I buy gold? Silver? What about crypto? Drawing from history, Tom and John discuss some of the ramifications of monetary policy in this episode of Wealth Talks! Listen in to get their take on the whole gold/silver/crypto question. Resources: A History of Money and Banking – Documentary premier with the McFie family via Zoom on W...

It wasn't just the Beatles who talked about money in their song Can't Buy Me Love. Money is a common thread which is evident throughout all of history and is a frequent subject throughout the Bible. We are supposed to manage money... not the other way around. Today on Wealth Talks, Tom and John discuss some common problems they see when it comes to money management. Resources: https://www.life-ben...

Constellation is in the process of a deal with Ohio National, a change which would turn Ohio National from a mutual company to a stock held company. How will this change their policies? Should you keep your existing Ohio National policies?   Today on Wealth Talks, Tom and John bring you some important points on what you want to know about Ohio National and the upcoming changes.

What does "paying up" a policy mean? Is it a good thing? What about using a term rider instead? What does FPUA mean? Listen in as Tom and John answer these questions and discuss some things you'll want to be aware of if you plan on "paying up" your policy.

Some people thrive in the spotlight of competition, while others feel threatened. Competition is often seen as a negative thing, but truly fair competition understood in the right spirit can be a great blessing especially as a long-term strategy. The attitude with which we approach this subject makes a huge difference in how we treat an Employer, Customers, Competitors and even Family members. Wha...

One of the great problems our nation faces today is the ingratitude of its citizens. Turns out, it is very easy to point out the wrongs and injustices committed by those who came before us. Many times, we see those faults more keenly if we have an inclination to commit them ourselves. But it is also important, although, perhaps, not so easy, to remember and commend the good things they did. Today...

The McFie family recently read a book together titled Oh, Money! Money! by Eleanor H. Porter and we highly recommended it. Humans have an integral relationship with money, especially when you realize that the Hebrew word for the first man, Adam, is closely related to the Hebrew words both for blood and money. In fact, the Bible mentions money about 140 times which is more than nearly any other sub...

Rumor is an emotional roller-coaster which can prove embarrassing, painful, and costly. While it may be natural to react to a rumor, people who react to rumors often pay a price for their actions. So how can one assess a rumor and respond rationally? Today on Wealth Talks, John is joined by Jesse McFie. Together they discuss rumors, and how to respond in a way that limits the negative impact on yo...

Why are people so infatuated with "giving back"? Why do some people settle for failure almost in the face of success? Why are some rashly confident? On today's episode, Tom and John discuss the imposter syndrome and the interesting behavior patterns it can cause. Listen Now! Resources: How to Build Sustainable Wealth

There are many spider webs out there, not all of them are made by eight legged arthropods. Many are spun specifically to snare gullible, greedy or unaware humans. It's a dangerous time to be a fly... join Tom and John as they clear up some of these sticky webs on today's episode. Listen now! Resources: How to Build Sustainable Wealth