Wealth Talks

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 in this way of thinking. Although there was peace in Hezekiah’s day, the Israelites eventually became enslaved to the Babylonians. Today on Wealth Talks, Tom and John discuss how to avoid this type of thinking, and how to leave a real and lasting legacy. Listen Now!

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 process amazingly. Today on WealthTalks, Tom and John discuss things you will want to be aware of when financing with a policy loan and some tips to deciding when a policy loan makes sense. Listen Now

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 create a better life for those around them. Today on Wealth Talks, Tom and John are joined by Michele McFie.  On todays show, they discuss the differences between people engaged in a commitment and those in a relationship… and how differently they make financial decisions. Listen Now!

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 the creamery, the carton manufacturer or even the grocery store for the increase in price. But the real blame lies elsewhere. Today on WealthTalks, Tom and John talk about why ice cream containers are shrinking, and what we can do to keep our savings from shrinking as well. Listen Now!

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. These papers, meant to save the lives of Jews, would have meant death for Gino if they had been discovered. Gino was a true hero.  We have delivered seventeen death benefits to the families of true heroes. It doesn’t matter their profession, affluence, or education, those who have a plan to provide for those they leave behind are true heroes. Resource: How to Build Sustainable Wealth: https://www.life-benefits.com/store-detail/#HTBSW

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 approach is the same used by many large grocery stores, such as Walmart, Ralphs, Krogers, Piggly Wiggly etc.   In today’s episode, Tom and John discuss how these guarantees can work for you. Listen Now

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 talk about money, the love of money, and wealth. Listen Now   Resources: Order How to Build Sustainable Wealth Here: https://www.life-benefits.com/store/

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 talk about securities and why whole life insurance is different. Listen Now  

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 return” game. Today on Wealth Talks, Tom and John talk about the benefits of Whole life Insurance, and why the “rate of return” is not top priority.

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. Listen now Resources: Building Sustainable Wealth

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 twice about allowing it to fall into the hands of their altered children because more money could amplify their destruction. Fortunately, there are ways to control how your children receive your legacy after you pass on. During this show, Tom and John will talk about some ways to protect your legacy… and your children! Listen Now

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 Wealth Talks, Tom and John will explain how to do this. Also on this episode: How to set your Financial New Year Resolutions in 2021 Resources:  How to Build Sustainable Wealth  Richest Man in Babylon    

…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 extra payments. Just 1.4%. This return is completely possible with a basic guaranteed financial tool. Considering all the facts in your situation, it might make sense to payoff a mortgage early, but please don’t make this decision before your hear the reasoning behind managing your money more effectively by NOT making extra payments. This could change the way you think about extra mortgage payments for the rest of your life. Resoures What You Need to Know About Velocity Banking  How to Build Sustainable Wealth - Get the Book

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 children. This should not be happening in America… but it is. What can we do to keep our children from having to take care of us? Today on WealthTalks, Tom and John talk about what we need to do to take care of our future. Listen Now Resources: Order Tom's book - How to Build Sustainable Wealth

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 deep into the core philosophy of Velocity Banking to bring you the inside scoop. Listen Now! Resources:  MoneyTools.net Read more about Velocity Banking

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 to share about these books and the reasons he wrote them. Listen Now Get the new books here: Missives, Mottos & Maxims at SkyLifeSuccess.com Twilight at MalaMinistries.org Both books are also available on Amazon - Paperback and Kindle versions.

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 to find + administering the right group health insurance plan for everyone in a company. HRAs do require some employer administration, but with the right platform this process becomes super easy. Learn the basics of using HRAs as a way to fund a specific dollar amounts of tax-deductible health benefits for people in your company.  Resources: Similar Interviews with Jack Hooper at Take Command Health HRA options for Small Business Owners - Start here

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 they discuss this story, and how it applies to us today. Listen Now

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