Wealth Talks

Conversation with Krish Dhanam and Dr. John Bergman highlighting some of the wonderful experiences and content from the 2019 Wealth Cruise. 🚢   From financial wealth building to world views and knowledge for cultivating physical health and well-being, this cruise reflects a recognition that humans are tridimensional in nature with Mental, Physical and Spiritual aspects. To achieve real and sustai...

🗓 Open Enrollment for Health Insurance starts Friday November 1st running through December 15th 2019. Special guest Jack Hooper from Take Command Health shares 2 new HRAs available for businesses in 2020 - ICHRA and EBHRA in addition to QSEHRA from 2017.   Acronym Definitions: ICHRA = Individual Coverage Health Reimbursement Arrangement EBHRA = Excepted Benefits Health Reimbursement Arrangement QS...

🗞 Everything you need to know, and probably more than you'll ever need to know, about Indexed Universal Life Insurance (IUL). Universal Life Insurance has been promoted since the 1970's. IUL insurance is even more recent, but still based on the same idea of buying term insurance and investing the difference.   If you like risk, fees, a possibility of greater gain when the market goes up (never whe...

19 out of 20 Americans with a 401(k) are paying fees of some sort whether they know it or not. 😰 Even if the account, or advisor, does not charge a management fee, there are usually fees hidden in various ways. If you know these fees are present you can figure out how to deal with them, overcome, or avoid them strategically. Just don't be a sucker and think you have no fees until it's too late to...

Best known as a billionaire tycoon and a hostile corporate takeover entrepreneur, T. Boone Pickens was an amazing person with great financial sense. But in 2008 one of his ideas crashed. Pickens had helped Oklahoma State University buy life insurance through Premium Financing. After the 2008 crash T. Boone Pickens stepped in personally to bailout OSU and they still lost the life insurance. Today y...

Today is #InternationalPodcastDay! And we have a winner for the Beats Solo3 Wireless headphones - announced during this show.   Thank you for participating in the WealthTalks celebration sharing your favorite podcast shows!   And some of you went above and beyond sharing more on how you use your policies + asking questions for the WealthTalks show and leaving reviews on iTunes & Stitcher. We appre...

How do you maximize growth in your policies (and outside your policies) with strategies like the Infinite Banking, Bank On Yourself or The Perpetual Wealth Code™?   This can depend partly on how your policies are designed. If you have a policy that is "maxed out" under the Modified Endowment Contract rules you might not be able to maximize the policy much more. What then?   When your policy growth...

Many budget systems give you a good feeling as you start, but cannot produce the sustainable results you need to build real prosperity. As an example take Senator & Presidential candidate Elizabeth Warren's book which recommends a 50-20-30 budget system.   This budget system reminds you of a typical government budget when you realize that only 50% of your income is allocated to necessities that re...

Special guest Dustin Mathews from WealthFit has seen people MAKE a lot of money in the Speaking & Marketing world, but KEEPING that money is another story - they usually don't. Yes, there are shooting stars that burn brightly for awhile and they burnout too.   It's good to ask yourself, from time to time, whether you want to stay on the path you're traveling or if, like Dustin was, you're addicted...

Compounding is wonderful when it's working continuously for you - and not so wonderful when large losses interrupt the process. But you don't have to lose money if you don't gamble with risk. ♠️ You can't always trust what people tell you to do with your money, but you can watch what wise people are doing with their OWN money. Warren Buffet says to be "Fearful when others are greedy and greedy whe...

Few people in the world can define and highlight, social paradigms so clearly as Krish Dhanam, your special guest on this show. Krish is entertaining as he brings a wealth a knowledge and understanding of multiple world views, into wonderful perspective so you can apply the lessons in real life. You might be thinking: " Why are you talking anthropology on a Wealth podcast?" Because, Popularity ≠ T...

Strife over money is the #1 reason couples bring up as they file for divorce in America. The amount of money involved doesn't seem to be a significant issue, nor how money is saved or what is purchased, but rather how one spouse (or both) makes the other FEEL about money. You see, blaming money is an easy way out. Communication around money is often the key problem, and this requires both spouses...

Truth has been so distorted, and redefined in our world that it's easy to wonder if there really is absolute "truth" anymore. Experts tell people to embrace a new world 🌎 where everything is "relative" to everything else - a world where Opinion trumps Fact and nothing is totally certain.   This is a corrupt idea with dangerous consequence for your prosperity and wellbeing. The issue is politicall...

In the 1970's DMSO was very popular with athletes 🏃🏽‍♂️ but you had to go to the vacuum store to get it. Where is DMSO today? What about other Fad remedies that come and go? You can see a similar pattern in the Financial World too. Fads come and go, the Guarantees stick around through thick and thin. Some fads are harmless, but many times the smartest thing you do with a Fad is - avoid it.   Jus...

Life Insurance, Index Funds, Mutual Funds, Low Fees, Lower Fees, - hey even Negative Fees now! 💫 Risk, Risk Management, Risk tolerance... how in the world do you know what to do, let alone know how the results will turn out? Only by building on a foundation of Guarantees can you navigate the financial world with any sort of confidence. No mortal can tell you exactly how the future will turn out....

In this episode: Life Insurance Companies are updating their products for the latest 2017 CSO Mortality tables (CSO = Commissioners Standard Ordinary). The previous major CSO tables were assembled in 2001. There are some changes that will affect new policy values because people are living longer now. Listen to hear what these changes mean for you. Special history on the Apollo 11 astronauts! (time...

Deferral has been called "magic" 🎩 in the financial world. Deferral can help you accumulate more money, but will it actually provide you more money to use? This is a gamble on where tax rates could go and how the market might perform. Where are taxes going in the Future? Listen for what you should consider before jumping on the Tax Deferral bandwagon. Just because "everyone is doing it" doesn't a...

Did you know that nearly 3 out of every 10 people provide care for chronically ill, disabled or aged members of their family? 😨 It's true, and more than 1 out of 10 of these family caregivers provide 40 or more hours of care per week!   Whether you're directly providing this care or financing the care for your family - this can really affect your finances FAST. But your retirement and legacy shou...

Happy Independence Day! 🇺🇸 It's a great time to consider how you exercise your Financial FREEDOM. Financial planning used to be simple. Today there are infinite possibilities - some good - some bad. You want sustainable Passive Income in your Golden Years? Now is the best time to optimize your money - create stability and better options for the future. This is not as hard as you might think. Tradi...

A L Williams popularized the concept of "Buy Term and Invest the Difference" in the 1970's. When market returns are looking good this concept seems to make a come-back even though it's flawed with big assumptions. They say you won't need a death benefit when term insurance gets expensive. They say your investments will do better than whole life insurance. Maybe, and maybe not. You want guarantees?...

Catch this Special Interview with Alex. Alex contacted our office for some policy reviews after his agent told him "let policy loans pay your premiums."   This started in the 90's.   20+ years later results are plaintive. These were (and still are) good policies, but the funding strategy backfired. Policy loans can enable you to take great financial opportunities without giving up guaranteed growt...

Most public facing insurance companies today are organized as stock-held companies. 🏢 Many mutual carriers have reorganized as mutual holding companies.   What does this mean for you? Example: You get a whole life policy from a mutual carrier. BUT then the contract says your policy was issued by a stock company! You still participate/receive dividends + have voting rights as a mutual policy holde...

Some gurus say you can "make money" by taking a vacation financed by a policy loan, but is this really true? 🤨 Taking a vacation is an obvious expense - there is a cost - at some point you have to make the money to pay for your vacation.   Here's how to tell the Facts apart from Fluff. Yes, you can "Recover/Offset" money on your next vacation… and it also takes TIME. Checkout How to Recover Thous...

Some advisors tell you to Buy Term Life Insurance and Invest the Difference, but there is a better way (no secret). 🤔 Some advisors tell you to Buy Universal Life Insurance (UL, VUL, EIUL or IUL variants), but this is really a pre-packaged form of the same strategy 🎁 - Buy Term and Invest the Difference. There's still a better way!   We tell you to buy Whole Life Insurance with a strong PUA ride...

Did you know, that successfully avoiding risk can be more important to your wealth than finding great returns? ⚠️ But most people (including financial planners) think they can "manage risk" when they're simply hiding the risk instead. Don't let this bite you. 🦈 Learn from a real-life story of Steve Wynn's Mirage Hotel & Casino + the fact that "In the last fifty years, the ten most extreme days in...