Wealth Talks

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 your money? Attend our upcoming LIVE event.  Sustainable Wealth and Investing Seminar Sept 17-18th

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-wealth-seminar/

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 of the foundations for the new Hryszczuk family home and writes... Here’s a metaphor of how I view my WLI [whole life insurance] It’s stable, predictable and always available. Maybe not the most sexy part of my house, but without it the whole edifice will collapse.

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. Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

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 Retirement. Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

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 article and how it can change your approach and success for building wealth.

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 basic types of Buy-Sell agreements How they work Some downsides and benefits to various buy-sell structures Why life insurance is often used to fund buy-sell arrangements If you have questions about structuring your buy-sell agreement, call Life Benefits at 702-660-7000.

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 drastically changed the financial well-being and lives of many who have put them into action. Prescription for Wealth is available on Amazon: https://www.amazon.com/Prescription-Wealth-Why-Should-Rich/dp/0983475768/ref=sr_1_1?dchild=1&keywords=prescription+for+wealth&qid=1623703890&sr=8-1 and on the Life Benefits Store: https://www.life-benefits.com/store/ Order before Wednesday June 16, 2021 to receive in time for Father’s Day! Resources: Prescription for Wealth pdf download: https://www.life-benefits.com/prescription-for-wealth-book/

The step-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 to Build Sustainable Wealth – Get the book: https://www.life-benefits.com/store/

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 to building sustainable wealth in America.  Resources: 5hr Financial Class – Get the Recording

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 leaves a lot to be desired. Resources: Order How to Build Sustainable Wealth : https://www.life-benefits.com/store/

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 John talk about celebrities who have much better opinions of life insurance. Some were even life insurance salesmen! Their names may surprise you!

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. Those who recognized this, were able to borrow against their life insurance policies to capitalize on opportunities which came along. Of course, they could only borrow in proportion to how much they had put in. Listen to the latest episode of Wealth Talks Now!

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 to do with Life Insurance? The fact is governments cannot stem the tide of culture and the way people think. Governments can use force, or impose penalties and taxes, but there are other forces at work on a deeper level. This is a foundation which shares a common ground when it comes to the value of using life insurance to build wealth. Hear more on the show today.  

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 Industry you’ll want to be aware of. Contact Life Benefits to get a policy review at 702-660-7000

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.

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 break down how different policies perform so you can see what type of insurance is the best to own. Listen Now.