Wealth Talks

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 responding and reacting can be as significant as life and death, If you touch a hot stove, your reaction can save you from severe burns, in the same way a response instead of reaction can neutralize a bad situation, and lead you to successful communication. If you have a bad mindset, how do you fix your mindset? If you habitually react, how do you start responding instead? If you don't like the results you are getting, how do you get different results? All this and more on this episode of The Wealth Talks Podcast Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

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, young or old, rich or poor, man or woman, chooses to do what it takes, success can still be theirs. If you have young children make sure to involve them in what you are doing so they don't have to figure everything out from scratch when they are the next group of "young adults". Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

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 obvious thing that hurts the middle class is Inflation. Inflation is stealing the value from your money every day and if your savings can't outpace inflation, or at least keep up with it, you are falling behind. Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

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 video of this episode on Youtube: https://youtu.be/Yx7DqS6WZHg

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 better than you ever have before. Paying Property Taxes using the infinite banking concept: https://www.youtube.com/watch?v=dBG9Gk8lGTw Review WealthTalks on Apple Podcast here: https://podcasts.apple.com/us/podcast/wealth-talks/id978187163 As a listener of the Wealth Talks Podcast you can request episodes that answer your questions or talk about something you want to know more about, just send an email to [email protected]

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 Infinite Banker and Dave Ramsey if you need more context to anything we talk about in this podcast the link to that video is here: https://www.youtube.com/watch?v=A-NKv_wp8DM If anyone knows Jim from Nashville who was on this episode of the Dave Ramsey show, please email [email protected] and let us know. It sounds like Jim has put a lot of thought into what he is doing for his son and we would like to hear more about it. Review WealthTalks on Apple Podcast here: https://podcasts.apple.com/us/podcast/wealth-talks/id978187163 As a listener of the Wealth Talks Podcast you too can request episodes that answer your questions or talk about something you want to know more about, just send an email to [email protected]

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 duties Listen as we will talk about ways to avoid income taxes, pay income taxes and fight back against the progression of the income tax. What do you think of the 16th amendment?

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 matter how much or how little money you make there is always 10%... 20%... and 70%. And it works on any scale. Listen and discover how to apply this fundamental financial principal to your finances, and then watch how it transforms your life. Resources:How to get a Whole Life Insurance Policy: Contact McFie Insurance 702-660-7000 | [email protected] | https://mcfieinsurance.com/ Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu

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 Financial Side of retirement can be better than the forecast looks, if you do something different than what most Americans are doing. Watch this episode and start planning for a better retirement now. Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu

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 timely episode for how to combat inflation in 2024. Resources: How to get a Whole Life Insurance Policy: Contact McFie Insurance 702-660-7000 | [email protected] | https://mcfieinsurance.com/ Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

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 more This episode of Wealth Talks Podcast is a great episode for anyone who owns a business. This is how the Infinite Banking Concept can work for a business owner. Resources: How to get an Infinite Banking Policy: Contact McFie Insurance 702-660-7000 | [email protected] | www.mcfieinsurance.com Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/Z8XUZ825QP8

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 Ways to pay the most hated tax in America: https://www.youtube.com/watch?v=dBG9Gk8lGTw Get a good Infinite Banking policy for yourself: https://mcfieinsurance.com/ 702-660-7000 mailto: [email protected] Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/iOb_5_It0b4

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, and here were some of the missing pieces in this book. The Infinite Banking Concept is a way of thinking that can revolutionize your financial future. In this podcast we talk about how we found The Infinite Banking Concept. Resources: Contact McFie Insurance to buy life insurance or for a life insurance review: 702-660-7000 mailto: [email protected] Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/D79Rx01vFNQ

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 life insurance or get a life insurance review, contact McFie Insurance. mailto: [email protected] or 702-660-7000. Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/8Yj3ICOJbu4 #wedding #finances #housebuying

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 involves student loans and credit cards. Involuntary debt often involves emergencies. To truly be "debt free" you can't have any debt, none, nada, zip, zero. This is how to be debt free. Resources: https://mcfieinsurance.com/10-20-70-budget-system Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch Wealth Talks Podcast on YouTube: https://www.youtube.com/@wealth-talks-podcast

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 good life insurance. Life insurance is something you want to get right the first time because it gets more expensive with time. Resources: Go here to get the free policy checklist we talk about in this episode: https://mcfieinsurance.com/podcasts/how-to-get-life-insurance/ Follow on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch Wealth Talks Podcast on YouTube: https://youtu.be/rSNhjrw0P0s

The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that's not the only benefit of life insurance, you can use the cash value of your life insurance while you're still alive because your life insurance policy is collateral. You can also assign your life insurance as collateral to use other people's money. If you own a business you can use life insurance as a benefits program and to keep critical employees. Resources: To get term insurance contact https://mcfieinsurance.com/ Mailto:[email protected] call: 702-660-7000 Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/axpMwXi2s78

Most people think life insurance is for when you die, it is, but, you can also use the life benefits of whole life insurance while you're still alive. What about term insurance though? Is it any good or is it a waste of money? Many people who have term life insurance now are going to be severely disappointed when their term is up because you can't turn back the clock and get new coverage at the same low rates you had before. Resources: To get your life insurance reviewed call McFie Insurance at 702-660-7000 or email: [email protected] Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 Watch on YouTube: https://youtu.be/VjQg5RPgEok

We get to listen to an interview with real estate investor John Morey. John talks about why he bought whole life insurance, how he started out using it wrong. Why he like to use whole life insurance to grow his wealth, and how he teaches other people about how they can benefit from using life insurance and invest in real estate. 0:00 Interview with John Morey 3:41 What is a MEC policy? 5:08 Don't make this mistake with Infinite Banking 20:50 Why starting now is important (visual demonstration) Resources: https://southerncharmre.com/ Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/PPUQAmAdkSA

Mark Twain has the credit for saying, "The Return of my money is more important than the return on my money." It is better to make an investment that returns a small increase as well as your seed money than it is to make an investment that has a large projected return but fails to return your seed money. Warren Buffet said, "The first rule of an investment is don't lose, The second rule of an investment is don't forget the first rule and that's all the rules there are." If you lose your seed money, how are you going to get ahead financially? You can earn a positive average rate of return while you're losing money!! We talk about bad investments, good investments and how to access capital to make investments. Resources: Life Insurance review: https://mcfieinsurance.com/ Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/fcX19z967m8

Every time you spend money you are making an investment. It's either a good investment or a bad investment. Do not buy into the idea that investments have to be something rare, exclusive, elusive, exciting or in a land far away. Some of the best investments are right in front of you, if you can't see them it's because you look at everything the way most everyone else does. You can and should become rich and investing is one of your responsibilities with the money that comes under your control 2:14 Is real estate a good investment? 10:13 Should you cosign a student loan? 13:33 Why investing morally is important 15:08 How to set up your finances 18:01 Using policy cash value 26:05 Is oil a good investment? 27:23 Preparing for an investment Resources: Life insurance policy sales and review https://mcfieinsurance.com/ Contact: [email protected] | 702-660-7000 Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on YouTube: https://youtu.be/2fkdf7lJmMo

There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ability to take advantage of opportunity. Bad debt is debt that costs you opportunity, causes stressful cash flow issues and cripples you financially. In this episode we talk about how to payoff bad debt and how to use good debt to your advantage. 4:19 How to tell if a debt is good or bad 12:38 Snowball Method explained 14:00 The Avalanche Method 16:59 How to set up your finances 19:34 The largest amount of debt John has seen 27:34 Should student loans be paid off? 30:21 Is a mortgage a good debt? Resources: Life insurance policy sales and review McFieInsurance.com Contact: [email protected] | 702-660-7000 Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on: YouTube: https://youtu.be/vYrX3XA-DWk

The savings rate in the US has been going up a bit recently but it's still lower than what it should be. Generally speaking, people aren't saving enough money to have financial peace of mind. But when someone does save money there are a host of decisions to be made on how to keep that money. In this podcast we talk all things savings, how to save money and where to keep money you have saved. Resources: Life insurance policy sales and review McFieInsurance.com Contact: [email protected] | 702-660-7000 2:51 Where to save your money 6:24 The problem with saving plans 8:45 What to look for in a savings plan 16:25 How to set up your finances 27:00 Why premium financing isn't used much right now 28:31 Earning a 66% return in whole life insurance Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch On: YouTube: https://youtu.be/Mhw62bVjAf8

Becoming your own banker, the infinite banking concept, bank on yourself and other financial concepts promote the idea of using the life benefits of life insurance. Many people think life insurance is for when you die, that's true, but you can also use life insurance while you're still alive. There are benefits to using life insurance as a financial tool that you cannot get with any other financial products. But the problem is there is good life insurance and bad life insurance and too many people who want good life insurance wind up getting bad life insurance. We talk about good life insurance, bad life insurance and how to get a good life insurance policy with cash value so that you can be your own banker. Resources: Life insurance policy sales and review McFieInsurance.com Contact: [email protected] | 702-660-7000 0:00 How to Be Your Own Banker 3:15 History of life insurance 5:38 Types of life insurance 7:09 The two types of life insurance 8:56 The origin of Buy Term, Invest the Difference 11:26 Term life insurance, universal life insurance, indexed universal life insurance (IUL) and whole life insurance 15:00 Reviewing an IUL policy 18:23 How to set up your finances 20:57 How to tell if a life insurance policy is good or bad 22:39 10/90 Infinite banking policy (IBC) 25:11 Guaranteed vs non-guaranteed values 30:13 The difference between cash value and death benefit Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on Youtube: https://youtu.be/-sUT5xUCkbs

Throughout this year you will get to make financial decisions. If you make good financial decisions you will get ahead faster. In this podcast we will share knowledge that you can use to make good financial decisions. Please go here and write a review for the Wealth Talks Podcast: https://podcasts.apple.com/us/podcast/wealth-talks/id978187163 –Thank you! 2:11 Financial metrics that confuse people 9:44 Ad Break @McFie-Insurance 15:58 The Trick to Kubota's 0% Financing 25:02 Tom & Michele's Camper Resources: Life insurance policy sales and review McFieInsurance.com Contact: [email protected] | 702-660-7000 Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on: YouTube: https://youtu.be/Gw6hiKngqv0

The tragedy of financial resolutions is that resolutions often go unfulfilled. If you want to achieve something financially significant in a new year it is better to set a goal first and then make your resolutions. 0:00 The Tragedy of Financial Resolutions 1:13 Resolutions vs. Goals 4:25 What is a Goal? 10:32 Why specificity matters when setting goals 11:28 Why people don't set goals 14:20 Ad break @McFie-Insurance 25:00 When to celebrate a goal 27:40 Tips for setting goals in 2024 Resources: Buy good cash value life insurance or get a policy you owned reviewed: https://mcfieinsurance.com/ 702-660-7000 | [email protected] Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Watch on: YouTube: https://youtu.be/aMiSv0StJQ8

In our family's Christmas gift exchange this year we have a $20 limit. We drew names last month and the rules are that the drawing results are confidential and you can't spend more than $20 on the gift you buy. In this Bonus Christmas Podcast we discuss how putting a financial limit on our family gift exchange increases creativity. 0:00 Intro. 1:19 John's most memorable gift. 3:47 Why a financial limit on a gift exchange is useful. 12:15 When can a good gift be a bad gift? 15:13 John blows a train whistle. 15:56 Last minute Christmas gift ideas. 19:03 American inventions. 20:55 How to help children develop creativity. Resources: The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE A good train whistle :) if you're buying a gift for someone who loves trains: https://amzn.to/41xU6uA The book Michele bought Tom last year: https://amzn.to/3trwqv3 Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

We share our reasons for moving from Nevada to Indiana and the financial implications of switching houses. We talk about: Buying our new house while selling our old house Our backup financing plan Why we paid cash for the new house God's timing Freedom and politics Resources: The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE Follow along: Instagram: https://instagram.com/wealthtalkspodcast?igshid=YTQwZjQ0NmI0OA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen on: Youtube: https://www.youtube.com/channel/UCNxtmtcy-NGobVMvuO9sjBQ Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Prior to moving from Nevada to Indiana we took a life insurance policy loan and let that money sit in our checking account because we expected to have some "unexpected" moving expenses. The money sitting in our checking account was our cash cushion. We talk about the "unexpected" expenses that arose 02:34 Video footage of our moving caravan How we paid for those unexpected expenses to recover our capital sooner The best place to keep a cash cushion How to build a cash cushion and How to replenish a cash cushion Moving is one scenario that illustrates the importance of having a cash cushion but there are other scenarios where having a cash cushion gives you freedom, and peace of mind. What scenario can you think of where it would be helpful to have a cash cushion? Resources For you: The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE Follow along: Instagram: https://instagram.com/wealthtalkspodcast Facebook: https://www.facebook.com/profile.php YouTube: https://www.youtube.com/@wealthtalkspodcast558/videos

Recessions occur throughout history fairly regularly. Governments often attempt to prevent them from happening, and while these efforts may temporarily delay a recession, they can't prevent one. Since we can expect to see multiple recessions throughout our lifetime, it's wise to be prepared. In today's episode, find three things you can do to prepare for the next recession. Resources: Wise Man Foolish Man Card Game – Amazon.com A Biblical Guide to Personal Finance

Many people want to accomplish more than the status quo in life, and they see money as a means to the end. Money is an important tool, but sadly, some pursue money without a basic understanding of how it works and what it can and cannot do. These people often end up hurting themselves instead of making their lives better. Resources: A Biblical Guide to Personal Finance

Scare tactics are often used to coerce others into taking a desired action. These tactics attack the victim emotionally, causing them to react very differently than they might if they logically analyzed the situation. A critical first step to surviving financially is being able to think through and around scare tactics. This podcast will help you prepare mentally, so you can avoid becoming a victim. Listen Now. Resources: A Biblical Guide to Personal Finance

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide. Resources: A Biblical Guide to Personal Finance

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide. Resources: A Biblical Guide to Personal Finance

Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearances can be a good indication, but basing a decision solely upon them can lead to serious consequences. In today's episode, find out how appearances did us in... or was it interstate 40? You decide. Resources: A Biblical Guide to Personal Finance

Many Americans are living paycheck to paycheck, but times are not getting any easier financially, so it's time to break this cycle now because it will only get more painful to do it later. We know people who are living paycheck to paycheck whether they make a low income or hundreds of thousands every year. The size of your income doesn't always matter, but financial principles always do. Sometimes you can cut expenses, and other times you can think more creatively about additional income too. Many times, you just have to step away from all of life's craziness, get in a corner by yourself with pad of paper and THINK about where you are, where you really want to go and how you can make adjustments to get there. A Biblical Guide to Personal Finance has additional tips and principal about financial stewardship which will help you on your journey to financial stability and success. You can order a copy of the book Biblical Guide to Personal Finance Here

A lot of people are living alone and whether they realize it or not, living alone has a cost. This isn't just regarding whether you are married or single, some people are financially all alone. Banding together with a group of like-minded individuals can help you big time financially. Don't go alone! Listen to this episode of Wealth Talks.

Regardless of what the government or media might claim, for many Americans, life is getting worse. As government overreach continues to destroy the private market, things are becoming more expensive and even unavailable. In this episode, find out what happened to insurance in California and discover a way you could save big with an alternative solution to health insurance.

We aren't against 401Ks or IRAs, we are against the idea that people need to trust an expert to manage their money. A lot of people go with a 401K or IRA because some expert told them to, or because everyone else is doing it. But it's your money, you are the most qualified person to manage it, and ultimately you are responsible for any gains or losses. So don't just trust an expert or go with the flow, think for yourself, find the truth and the truth will set you free.

Bad economies rear their ugly head fairly regularly, and while they cause damage to almost everyone, the hardest hit are those who haven't prepared, or don't know how to prepare for hard times. When the economy is booming, it's easy to think you have everything figured out financially, but during a downturn you better have your ducks in a row, or it could take you under.

Listening to the wrong people can mess you up financially. You are in control of your own finances, and while people may offer advice on how to handle them, it's up to you to determine whether their advice is good or bad. After all, you're the one who must live with the results. Today on Wealth Talks, you'll discover a way some people can save on taxes. Will this way work for you? Maybe, maybe not. Get the details and then you decide.

There are two emotions largely responsible for controlling human behavior. Fear and Greed. Whether it be the headlines of yester year predicting a coming ice age, the global warming crisis of today, or something else, fear mongers have shrewd ways of making people react. Greed is another detrimental emotion, and interestingly, with so many people putting themselves first, our society is less happy and more depressed than ever. On today's episode, Tom, Michele, and John talk about these two powerful emotions... Fear and Greed.

Life insurance equity is a great tool which can be used to finance expenses and investments throughout life. Some people try and rush the equity building process, but because they don't understand how life insurance works, they may wind up buying an inferior policy or impatiently give up on the entire idea. But when you understand the process you'll know it's important to "crawl before you walk." Understand why life insurance is a good financial tool so you know the process and can have confidence in the results. Resources: How to Build Sustainable Wealth

Left, right, fast, slow, yes, no. Uncertainty is uncomfortable, stressful and can even be paralyzing. Life is filled with uncertainty. It is critically important we understand how to recognize and deal with the stresses of uncertainty to prevent them from becoming paralyzing. Resources: Winning Your Financial Game

412(e)(3) plans are fully insured retirement plans. This type of plan is not dependent on market performance, it is based on the guarantees of whole life insurance and annuities. Not only does this take the guesswork and market dangers out of retirement planning, it can also save you a lot on taxes today. But 412(e)(3) plans will only work well in some situations. Do they make sense for you? Find out on Wealth Talks. Resources: A Biblical Guide to Personal Finance

Stress can wear you out. Not only does stress damage your physical health, it affects your decision making ability leading to poor decisions and sometimes to an incapability to make any decision at all. We can't avoid stressful situations. But with better planning, we can reduce them. Find out how on Wealth Talks. Resource: How Life Insurance Works - Video

Are you looking to make a good investment? A great investment? What about the best investment ever? Financial speaking, whole life insurance is not an investment, it is an asset. But many of our clients say purchasing well designed whole life insurance is the best "investment" they've ever made. Resources: A Biblical Guide to Personal Finance

Trusting the wrong people can really mess you up, but you do have to trust people. So, who are you going to trust and how far will you trust them? This is an area where you want to be careful to have confidence! Listen now to the latest episode of Wealth Talks. Resources: A Biblical Guide to Personal Finance

If you are playing the game of life, you better know the rules, because things can happen quickly! What might have been a logical move in the past may be a terrible move now. Life is constantly changing, but if we understand the basic rules, we can play the game and have fun! Resources: A Biblical Guide to Personal Finance

Have you ever bought something you thought was nice only to find out... it's not the real deal? Almost every good item has knockoffs, and many people get suckered into buying them. It's a terrible feeling, but it happens. Do you have the discernment necessary to keep from getting suckered financially? Listen now to Wealth Talks. Resources: A Biblical Guide to Personal Finance How Life Insurance Works - Video