Wealth Talks

Not long ago in podcast 469 we Rebutted a Dave Ramsey video that a podcast listener sent us. That podcast episode has been watched by hundreds of people and the feedback has been really something. A lot of people loved it and some people didn't, you can see their feedback in the comments on episode 469. But through it all, another listener sent us another Dave Ramsey video and we are going to resp...

Credit unions will mail out life insurance offers sometimes. Are they a good deal? Should you buy life insurance through a credit union offer? That's what we are talking about today. Credit union life insurance is better than nothing, but there are better deals. Listen and learn about the different types of life insurance available for you today.   Follow the Wealth Talks Podcast On:  Instagram: ...

If you own a business you can absolutely use the infinite banking concept to fund business expenses and that's what we are going to talk about right now in this episode of the Wealth Talks podcast. A lot of business owners want to use infinite banking to finance business expenses because of the intrinsic benefits. We're going to talk about the benefits and also the process of using the infinite ba...

In this podcast we are talking about the problems with the infinite banking concept.    The infinite banking concept is an idea not a product. The infinite banking concept is a way of thinking about money and finance in a way that allows you to keep more of the money you make, grow your wealth and have financial peace of mind.  Some people think the infinite banking concept is a life insurance pol...

If you wonder how much life insurance you need? Or how much life insurance you need for infinite banking? This is your podcast. The most honest answer to the question of, "How much life insurance do I need?" is, "Nobody knows". And the shortest answer to the question of "how much life insurance should I have" is probably, "MORE!" ... let us explain A lot of people settle for the life insurance the...

This podcast will be helpful to those who want to keep more of the money they make, grow their wealth and have financial peace of mind. On a side note... We have Jasper here in the studio with us this morning. He's 9 weeks old German Shepherd Puppy. Jasper is our up and coming guard dog. We have a guard dog up at our house already, her name is Lulu, she's a german shepherd also and does a great jo...

As we teach people about whole life insurance, how to manage money and the infinite banking concept, time and time again people tell us   "I wish I would have known about this sooner", or, "they should teach this in high school". When you find something that works so well, it's hard not to look back and wish you had that knowledge or that product earlier in life.   In this episode, Episode 477 of...

Today we answer 9 questions we received about life insurance, cash value, money, interest rates, and dividends. These questions and their answers will be helpful to anyone who uses, or plans to use life insurance cash values and the Infinite Banking concept. The questions are: 1. Do I get to choose the interest rate I pay on a policy loan? 2. If the dividend rate is 5% and my policy loan interest...

In this podcast you will get specific numbers, and details from two different Whole Life Insurance policies, what the premiums are, how long they can be funded and how much money the owner can borrow. This is a glimpse into infinite banking policy design that many people will never get. Follow the Wealth Talks Podcast on: Instagram:  https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_...

The way you think is the lens through which you observe every situation in life. The way you observe influences how you respond and how you respond makes an enormous impact in your life for better or for worse. Respond… and that's such an important word, because many people go through life reacting to what life presents to them and that's not an ideal situation to be in. The difference between res...

Have you ever wondered what the world will look like when today's young adults become the middle-aged people of the future? The future is full of possibilities for everyone. There will be people who seize the opportunity to make a possibility a reality and there will be people who let the possibilities remain possibilities because they don't want to make a commitment or put in the work. If anyone,...

If the money you save isn't earning anything, it is losing value. That's horrible news, but it's the truth.  We were on a business call with Alex just the other day and he asked, what is happening to the middle class?  Middle class is defined largely by household income adjusted for household members. Anything from about 50k/150k of income per person is considered middle class right now. The most...

Today we have Anna, in the studio with us, to discuss how she has built her baking business from scratch, no pun intended, and to discuss some of the challenges and problems she has faced along the way. We also are of course going to sample one of her famous treats. Anna's business, Bread and Butter baking, makes sourdough bread, cookies, cakes, pies and cinnamon rolls. You can also watch the vide...

Cash Value Life Insurance is one of the lesser understood financial assets that you can own, but it is also one of the most powerful. In today's episode of The Wealth Talks Podcast we talk about the cash value of life insurance policies, what it is, where it comes from and how it can be used. This episode is all things cash value. After this episode you will understand life insurance cash value be...

Josh listens to Wealth Talks on his way to work and he asked us to do a rebuttal to an episode of Dave Ramsey's show where he is talking about the infinite banking concept. We happen to know a lot about the infinite banking concept, so if anyone can add perspective to Dave Ramsey's video about the Infinite Banking Concept it would be us. The video Josh sent to us is called Heated Debate Between In...

There has been a lot of money transferred from the accounts of working Americans into the coffers of the U.S. Government from the income tax alone. But worse than that it has created division among Americans and that is the worst repercussion of the 16th amendment. In this episode we talk about: • Tax avoidance vs. tax evasion • Tax avoidance procedures • Tax planning measures • Tax fighting dutie...

The Richest Man in Babylon book has the reputation of being responsible for creating more millionaires than any other book in print. If that is the case, the advice in this book may be the best financial advice in the world. The financial advice given in this book has many aspects. One of the most fundamental of these is the 10-20-70 Rule. The powerful thing about the 10-20-70 rule is that no matt...

In days gone by many private companies could offer pensions that would actually support someone financially in retirement, but those days are gone and so are the pensions. The financial side of retirement is extremely uncertain, many mainstream retirement plans are mediocre at best and while the desire to retire persists among people, the financial challenges of retirement have increased.  The Fin...

Inflation is like a thief that never comes.  It is good to protect yourself from inflation in every way you can. The bible says that if the man of the house knew what time the thief was coming he would be on the alert and not let his house be broken into.  We know the thief is here, our duty is to protect our financial house to the best of our ability.   This episode of Wealth Talks Podcast is a t...

This is an example of how someone used the Infinite Banking Concept and the cash value of their life insurance to expand their welding and fabrication business. One of the owners of Brothers Fab Shop joins us in the studio to answer all our questions. We ask about: The expansion opportunity How to borrow from a policy Have they paid the loans back yet How has the expansion affected business and mo...

In this episode we review the numbers of the first Infinite Banking policy we bought. We have owned the policy for 18 years now so you could say it's an adult policy now. Over the years, We have paid lots of premiums on this policy and we have also used policy loans against the cash value for many things. We go over all of it in this episode, episode 463, of The Wealth Talks Podcast. Resources:  2...

In 2005 our family went on vacation. We drove from Oregon where we lived at that time down to San Diego California to spend some time on the beach. But on this particular vacation Dad may have been more excited about a book he was reading than the vacation we were taking. We had not been thrilled with all of the results we were getting from the financial advice we had followed most of our life, an...

Our son Jesse, Is getting married this month, Jesse will be the first of our 8 children to get married. We are very happy for him and his soon to be wife, Alyssa. We thought it would be interesting and useful to have Jesse join us in the studio for this episode of Wealth Talks to talk about premarital financial considerations, house hunting and wedding plans among other things. Resources: To buy l...

Interest rates are rising right now and being in debt is becoming more expensive all the time. In this episode, episode 460 of the wealth talks podcast, we are going to talk about how to be debt free. Becoming debt free can be a daunting task, many people will never know what it feels like to be debt free. People take on debt voluntarily or involuntarily. Voluntary debt in our country often involv...

It is good to have life insurance, but having bad life insurance can be worse than having no life insurance at all.  Michele reads a message from someone who writes in about how they bought the wrong kind of life insurance even though they were trying to get good life insurance. We talk about how to get good life insurance and how to check the life insurance you already have to find out if it is g...