Wealth Talks

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...

You will hear all sorts of fluffy marketing terms when it comes to building wealth with life insurance. 🎧 Listen for tips on how to cut through to the real meaning and understand the keys to manage your money wisely. A good litmus test that still holds true = " If it sounds too good to be true, it probably is ."   Of course Truth does provide amazing results, AFTER the foundation has been laid. G...

Are you having to pay more income tax for 2018 than you planned? 🇺🇸 Jack Cohen CPA joins us for a quick interview to share what he's seeing as 2018 returns are processed. You may not be getting as big a tax refund this year because of the way withholding is calculated under the new law...instead, you most likely keep more with every paycheck. The IRS will be releasing a new W-4 form later this yea...

Similar to a 1031 exchange in Real Estate 🏘 , a 1035 exchange lets you avoid tax and transfer your "cost basis" when exchanging life insurance policies.   Do you have a policy that isn't performing the way it ought to be? Is your insurance agent wanting you to exchange into a new life insurance policy? Should you do this?   Here's an overview with Pros and Cons and what you want to know to decide...

🛳 Come experience the Wealth Cruise Oct 19-26th 2019! Launching from Ft. Lauderdale, FL and touching ports in St Thomas, Grand Turk, Half Moon Cay, and San Juan you can expect delightful destinations with beautiful blue waters AND…   You'll get to hear proven practices for wise Money management, strong Family Relationships and good Health from the McFie Family, Krish Dhanam and Dr. John Bergman. T...

Wikipedia reveals 91 different types of insurance 😲 - many of them you will never need. Life Insurance gets high attention on this show with good reason. There is a place for other types of insurance too. Did you know there is insurance that will pay you an income if you become disabled (Disability / Disability Income Insurance)? There's also insurance to help cover expenses for Long-term care su...

What's the difference between direct and and non-direct recognition? Does it matter? 🤷‍♀️ How does Re-insurance protect policy owners and beneficiaries? An inside perspective on Artificial Intelligence (AI) coming into underwriting processes. Official Ratings versus strong financials and Capital Surplus. Special Interview with 2 Vice Presidents of Ameritas Life Insurance Company: Rob Sharp and Ke...

Come behind scenes and hear the reasoning around insurance company ratings, portfolio management, dividends and what it all really means for you in this special interview with Karl Kreunan - Vice President of Ohio National Financial Services. Karl makes detailed life insurance topics easy. "Life insurance is a significantly underutilized financial asset" - use it in your life and enjoy the financi...

You will love this entertaining and useful example of a 5% average rate of return! 😯 And you'll never think the same way about AVERAGE returns again. Explore how returns work in life insurance and what type of life insurance works best as a guaranteed foundation of protection and savings for your family. Information is everywhere today, but real Knowledge and Understanding are the keys 🔑 you'll...

When first hearing about The Perpetual Wealth Code™ you might wonder if you need to do something else first. Do you need to SAVE first? Or PAY OFF DEBT first? Or should you INVEST first so you have more money to do the Perpetual Wealth Code™? Discover what you should do first and what comes next on the best road to financial freedom. It all makes sense when you get the full perspective. Call us fo...

Recent questions reveal a natural perspective around using participating whole life insurance to build your wealth. Discover how policy loan interest works, what "backdating" means and what the "break-even" point means for you and your wallet. In the second half of the show, you'll learn the power of the Perpetual Wealth Code™ and tips for managing money in your financial toolbox. Resources: Defin...