Wealth Talks

There are two categories into which all Life Insurance products fall: Temporary and Permanent. In general, term products are classified as temporary insurance, while whole life and universal life products are classified as permanent. It is important to understand how these different types of policies work when you wish to purchase the best type of Insurance. Today on Wealth Talks, Tom and John bre...

How many times have you heard someone recite sentiments along these lines "It'll be my kids' problem by then"… implying that they will be dead and their kids will have to deal with the problem instead.   The lack of responsibility is shocking, and the results of this thinking are disastrous. We are all susceptible to this type of thinking.   Even Hezekiah one of the best kings of Israel was caught...

Some people firmly believe in financing every expense in life with a policy loan. Others believe in financing only the larger expenses, and many don't know what to believe. This is a controversial subject with an endless number of opinions. While it is easy to be confused by the barrage of information available, following certain steps and keeping certain ideas in mind can simplify the decision pr...

In American society, more and more people seem to be less interested in making any sort of commitment, preferring a quick and easy relationship. Those only seeking a relationship are typically absorbed with themselves, looking only for what they can get out of the relationship. Commitments are very different. Those looking to make a commitment are interested in how they can help other people, and...

Ice cream containers are shrinking - again. It used to be common for ice cream to be sold in a half gallon cartons. Some years ago, cartons shrunk to 1.75 quarts and just recently many ice cream cartons shrank again to only 1.5 quarts.   Prices, however, did not shrink accordingly. Most prices stayed the same. This latest change is the equivalent of a 16.667% price increase. Some people may blame...

Gino Bartali was an Italian cyclist. Winning the Giro d'Italia in 1936 and 1937 and the prestigious Tour de France in 1938, Gino went on to win two more titles after the War, the Giro d'Italia in 1946 and the Tour de France in 1948. But it wasn't for any of these races that Gino became a hero, it was for his work in the Underground. Under the guise of training, Gino carried papers all across Italy...

Buying a Whole Life Insurance policy is a lot like starting a business that is guaranteed to succeed. In a world where 90% of startup businesses fail, talking about guaranteed success seems strange - even perhaps a little fishy. But when it comes to life insurance, you can indeed find sustainable guaranteed growth. Guaranteed growth may take more time than some investments, but the slow & steady a...

Paul "Bear" Bryant famously said " Offense sells tickets. Defense wins championships ." Many investment advisors today are hyper-focused on the offensive side of wealth building (investing). Wealth building is just as much defense as it is offense. In today's episode, Tom and John discuss how to get your Wealth Building defense running smoothly. Resources: Order Winning Your Financial GAME

Many people pursue money to their own misery. If they only had more money, they reason, they would be happy and contented. With this mindset, they will never be happy. They will either be poor and miserable, or they will be richly miserable. Wealth, on the other hand, isn't dependent on money. Money can be a part of wealth, but wealth is not a part of money!     Today on Wealth Talks Tom and John...

Securities. The very name fills one with the sense of safety, conjuring up images of bank vaults, locked safes and armed guards.   Ironically, many so-called securities are not secure. In fact, most securities are risky. …which brings up a question…are whole life insurance products considered securities? Do they share any similarities with securities? On todays episode of WealthTalks, Tom and John...

Morbid as it sounds, to get the greatest rate of return from a life insurance policy, you could pay the first premium and then die.   While we certainly don't suggest this course of action, this method will undoubtably give you the greatest rate of return. Put this way, the whole concept of "rate of return" seems a little silly. However, it's easy to get caught up in the "what's your rate of retur...

In the world around us, many people have confused wealth with money. Sadly, many pursue money, but never take the time to build wealth.   How do we build wealth, and how do we protect the wealth we build so as to leave an inheritance to our children's children? In today's episode Tom and John explore building wealth through the window of faith, and how to protect the wealth we will leave behind. L...

Many Americans have worked hard to further their children's education. Sadly, many realize too late, that much of the so-called "education" was really indoctrination which may have ruined their children's values. Many children graduate from College and University with far different values, morals, and viewpoints than those held by their parents. Parents who are building a legacy may well think twi...

529 plans are touted as a way to save for your children's education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can't use it for anything other than education. If you need to use that money for other purposes, you'll pay a hefty penalty! But there is a way to get money out of a 529 plan without paying a penalty. On this episode of...

…until you hear this. There is no question - paying off a mortgage early saves interest. But what will you be losing by paying off your mortgage early? It's called Lost Opportunity . If you can simply earn 1.4% on the extra mortgage payments required to payoff a mortgage at 3.75% APR over 15 years rather than 30 years, then you can come out ahead of the interest you would save by making those extr...

Queen was almost prophetic with their song… many Americans are biting the dust financially because they depended on financial planners who didn't know the future. Of course the responsibility to take care of these people doesn't fall on the financial planner, but rather on the client's own children. This leads to the sandwich generation, people who are taking care of both their parents and their c...

Velocity Banking is known by many different names among which are, the HELOC Strategy, the Australian Mortgage and the Mortgage Accelerator System. Basically it's a system which claims to help you pay off your mortgage faster. Names aside, what are the fundamentals of Velocity Banking? Does it work? Is it safe? Should you try it?… good questions. On this episode of WealthTalks, Tom and John delve...

Many people will say a picture is worth a thousand words… but that's likely because they have never read a well written book, or listened to a great speaker. Krish Dhanam, a professional speaker who has spoken in 75 different countries across 6 different continents, has recently written two new books: Missives Mottos & Maxims , and Twilight . Today, Krish Dhanam joins Tom and John on WealthTalks t...

Depending on your state, open enrollment for health insurance runs from November 1st through December 15th.   Guest, Jesse Cheng from Take Command Health joins the show to share about using QSEHRAs (Qualified Small Employer Health Reimbursement Arrangements) and ICHRAs (Individual Coverage Health Reimbursement Arrangements) to provide tax-deductible benefits to employees in 2021 rather than trying...

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 th...

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

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...

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...

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 Amer...

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 agai...