Wealth Talks

September 17-18th marked our first LIVE event since early 2020. It was wonderful! Seeing people in person, face to face, is something no Zoom conference can replace. Today on Wealth Talks, Tom and John are joined by Michele. Together, they give you a brief synopsis of the event. Resources: https://www.life-benefits.com/ store-detail/#sw-seminar

Taxes are unpleasant, yet it is important to plan for them if one wants to pay as little as possible. Sadly, many people are planning in a way that will cost them in the long run. Today, Tom and John are joined by special guest Martha Baker-Starr, a Certified Tax Coach ™. Together, they talk about the importance of planning for taxes over the long term. Listen now on WealthTalks. Contact: Martha@P...

We put fences around our homes and locks on our doors to protect our physical property. But do we do anything to protect our intellectual property? Coca-Cola, MacDonald's and Nike sure have, but what about us? Intellectual property is extremely important and should be properly protected, but it's tough to know how to do so. Should you file for a Copyright? Trademark? Patent? Even if you know which...

Average returns don't mean actual returns. On the surface this doesn't sound like it would be a huge issue. But it is.    In addition, the benefit of a 401(k) tax deferral used to be estimated about 9%, but not anymore. And fees continue taking a steady told each year which erodes your compounding base.    These factors, as well as liquidity issues and insufficient accumulation of funds in most pl...

Many of those who speak about the evils of making money are the ones who aren't making any. Today on WealthTalks, Tom and John talk about why Earning money, as well as Keeping and Giving money, are so important to building and sustaining a strong society. Make sure your children learn about the flow of money and value in meaningful ways as they grow up, so they can become more productive and creat...

Interest is often seen as a negative thing, but is it? Many people confuse interest with usury, but the two are distinctly different. Today on Wealth Talks, you will learn the difference between interest and usury, and how to use interest to your advantage. Also, Tom and John share the next big thing they see coming in the financial world and what you can do to prepare. Ready to take control of yo...

Was your question answered? A few weeks ago, Tom and John devoted an episode to answering questions from you, our listeners. But they didn't get to all of them . This week, Tom and John are back to answer those questions. Also, check out the details for our upcoming LIVE event. Sustainable Wealth Seminar Sept 17-18th

Many people want to know… should they pay extra interest to their policies? This is not a simple yes or no question. The answer will vary based on few different factors, including how the policy was designed. On this episode Tom and John dig into policy design and whether or not paying extra in interest make sense. Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-...

Tom and John are joined on Wealth Talks by Dr. Steve Hryszczuk. Dr. Hryszczuk, a Life Benefits client for many years, has carefully managed his policies to successfully invest in real estate as well as financing other things in his life. Today, he shares the different ways he has been able to use his policies, as well as sharing some sound thinking for investing in real estate. He sends 2 pictures...

Today's episode is all about answering questions from you and others who listen to WealthTalks. From questions about serving clients in different geographical locations, to strategy and policy design concepts – you all have some great questions. And we're not done yet…more coming in a few weeks. Do you have a question for Tom and John? Submit your question to: john@wealthtalks.com

Recently there was an agent who was claiming to help people with the Infinite Banking Concept. Instead, he was swindling them. On today's episode Tom and John break down this guy's swindling setup, talk about scenarios which should have been red flags to his clients and what finally happened to the guy. They also share some practical financial tips which can help keep you from being conned. Sustai...

People are outliving their money, leaving themselves broke in their retirement. It isn't solely because they aren't saving enough, it's also because they are saving in the wrong places. In today's episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event which focuses on being Debt Free, Investing and Funding Retire...

In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth . The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth. While Tully's article was directed towards the corporate world, the concept is relevant to personal finance as well. Today on Wealth Talks, Tom and John discuss Tully's arti...

If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner. This show covers some general information about the different types of Buy-Sell agreements and how these agreements can be funded effectively. You'll discover: Three ba...

10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth. Later books, Winning Your Financial Game , Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth. As simple as these principles are, they have drastical...

The s tep-up in basis or stepped-up basis allows property and businesses to be passed to the next generation without a tax on the appreciation. Biden's new tax plan depicts removing the step-up basis. Removal of the step-up basis will seriously jeopardize the financial legacy of many Americans. Today on Wealth Talks, Tom and John discuss how we can prepare to leave a legacy in spite of this. How t...

Poverty has always existed and always will. Despite the "War on Poverty" (the most monetarily expensive war), poverty rates in America have been steadily on the rise. This should, perhaps, come as no surprise. Jesus Christ told us we would always have the poor among us, but that doesn't mean we have to be one of them. In today's show, Tom and John discuss poverty and why it has become an obstacle...

Recently we've had a few Indexed Universal Life policy contracts come across our desk for review. As part of our review process, we calculated the cost of insurance in these policies and compared it to the cost of insurance in a Whole Life product of our design. In today's show, Tom and John look at how these costs match up. While Indexed Universal Life may be the trendiest type of insurance, it l...

With possible changes to the tax code looming, it is likely life insurance will become an even more important planning tool for people who want to build and sustain generational wealth. But there is a lot of negativity surrounding life insurance and those who sell it. Public opinion of life insurance salesmen is low, coming in just above that of used car salesmen. But on today's episode, Tom and J...

Joe Biden is on record for stating "Americans will suffer under my administration". Biden's economic policies are threatening to turn out a lot like Jimmy Carter's did in the 1970s. The good news is we can try to prepare for the future by looking at the past. Interest rates under Carter were very high. But interest rates on policy loans, while higher than they are right now, were comparatively low...

There is a fascinating history around governments and the way they deal with drugs. Hippocrates warned against the use of opium except for some medicinal purposes. Yet by 1839 Great Britain was embroiled with China over the trade of opium. British ships were instructed to bring the finest opium back to England. Needless to say, this opium was not used for medicinal purposes. So what does this have...

Beyond the fact that Sam was from Tennessee, we are ignorant of much of his life… except that his cremation was the strangest sight the Northern Lights have ever seen. While not as strange, perhaps, as Sam's cremation, we see our fair share of "strange things done in the midnight sun by men who moil for gold". In this episode, Tom and John share some "strange things" about the Life Insurance Indus...

Cancel Culture isn't anything new. Although the name has changed over the years the selfish ideas and beliefs behind it have remained the same. Cancel Culture and Critical Theory thinking, a hideous blend of Marxism and Freudianism, is seriously endangering our Western Society. Today on Wealth Talks, Tom and John discuss Cancel Culture and what we can do to guard against it.

World population is a major concern… but not in the way many people see it.   Anyone who has taken a flight across the US should realize that overpopulation is not even a remote problem. In fact, the biggest problem many countries are facing today is underpopulation. Today on Wealth Talks, Tom and John talk about underpopulation and the grave danger it represents to the US. Catch the show here.