Wealth Talks

Should you buy Term Insurance? Whole life? Universal life? Which is the cheapest? What type is the best? Should you buy insurance as soon as possible? Or wait until you're older? Should you own different types of life insurance at different points in your life? Find out on Wealth Talks! Resource: Wealth Seminar Recording

As a nation we are in bad shape. Inflation is climbing, environmental "concerns" threaten our staggering economy and global elites seem to be planning the overthrow of the middle class. Is there anything we can do to fight back? Or is this the end of the line? On today's episode, learn what you can do to fight back! Resources: Wealth Seminar Recording

Each year several banks go broke, but, comparatively, few life insurance companies become insolvent. Today on Wealth Talks, Tom and John look at the way life insurance companies are structured to provide such stability. But wait! What about AIG? In this episode you will discover what went wrong at AIG and what ultimately happened to the policy holders. Resources: Wealth Seminar Recording

Federal pension plans have been in disarray for some time, but now, state pension plans are running into trouble as well... 8 trillion dollars of trouble. Only two states are left in America with adequately funded pension plans, and the economic decline may be affecting these soon. What do Tom and John think about this? Find out on Wealth Talks. Resources: Wealth Seminar Recording

Inflation punishes people for saving by stealing the value out of their money. With inflation this bad, many people are saving less, have stopped saving or are even spending their savings. Some of this is doubtless due to rising prices, but it is hard to save when your being punished for it. Is it still a good idea to save? Find out what Tom and John think on Wealth Talks. Resources: Wealth Seminar Recording: https://www.life-benefits.com/store/

Many people buy fire insurance but never have a fire. Many people buy car insurance and never get in an accident. Many people have medical insurance they don't use. But today, on Wealth Talks, John and Michele discuss one type of insurance everyone will use at some time. Listen on Wealth Talks.

Fear and greed are called the two big motivators in this world, but they won't help you build a strong and sustainable financial future. Today on Wealth Talks, Tom and John discuss the mindset you need to have to build a successful financial future. Listen Now!

Socialism is supposed to be where everyone shares with other people. The needy are taken care of by those who have an abundance, everything is fair, equal, just, and the sun sets in a golden glow over the ocean every night. Sounds nice! Socialism has been tried many times, and it hasn't worked. But could it? Listen now on Wealth Talks. Resources: Livestream and in-person registration; https://www.life-benefits.com/wealth-seminar/?inf_contact_key=6d62f9b9e07dd9e55b77ab13cf56715d680f8914173f9191b1c0223e68310bb1

Sticks and stones may break my bones, but words can never hurt me. Today on Wealth Talks, Tom and John discuss this age-old children's rhyme, and how it is still very relevant even in the "grown-up" world. Also, there is something happening in Las Vegas you should probably know about. Listen now! Resources: Register here: https://www.life-benefits.com/wealth-seminar/ *Livestream* option can be selected in the checkout process.

Turns out, winning is easy... if you keep changing the goal posts! Our government is reeling the goal posts in with an electric winch in overdrive! Gas prices have risen 117% in 18 months, but the "official" percentage is only 46%. Our economy isn't in recession... but only because they changed the definition of "recession". Today Tom and John are back in the studio to unpack everything. You don't want to miss this episode. Resources: Click here: https://www.life-benefits.com/wealth-seminar/?utm_source=wealthtalks&utm_medium=podcast&utm_campaign=381 to register for the Wealth Seminar (if you are unable to purchase tickets, the seminar is already full).

Getting rich is something a lot of people want to do. But there are startling consequences along the way which many people overlook. Have you considered the consequences of getting rich? Tom and John are back on Wealth Talks discussing some of the startling dangers on the way to riches. Resources: Click here to register for the Wealth Seminar (if you are unable to purchase tickets, the seminar is already full). https://www.life-benefits.com/wealth-seminar/?utm_source=wealthtalks&utm_medium=podcast&utm_campaign=381

Getting rich quick is simple. All you do is bet big and never lose at poker. Simple, straightforward, and statistically impossible. Simple doesn't mean easy. There are numerous such half-baked plans and schemes for getting rich quick, some people even believe life insurance is the method with which one can get rich quick. We love life insurance, but it's not a get rich quick formula. Today on Wealth Talks, Tom and John discuss what life insurance can do for you. Resources: Fri-Sat Wealth Seminar in Las Vegas

Ice cream containers are getting smaller, and the price is rising. Is this inflation? It's now called shrinkflation! No matter what cutesy name inflation may masquerade under, it's still inflation and can hurt you financially. Today Tom and John discuss inflation, how we can appoint better politicians, and something happening in September (you are invited). Resources: Fri-Sat Wealth Seminar in Las Vegas: https://www.life-benefits.com/wealth-seminar/?utm_source=wealthtalks&utm_medium=podcast&utm_campaign=inflation

If you need something messed up, call a politician, they're pretty good at it. Almost every economic problem we have today can be correlated to some stupid something a politician decided to do. On today's episode you'll hear about a lot of stupid things politicians have done with what disastrous results. And you'll also find out what we can do regain control of our own economics. Resources: Wealth Seminar: https://www.life-benefits.com/wealth-seminar/

Supply and demand have been regulating goods and prices for a long time and, when left alone, they do a very good job. But some people abuse supply and demand quite badly. When this happens, it mixes up the economy for everyone. How does supply and demand work? How is it abused? Listen in on Wealth Talks as Tom and John discuss supply and demand, how the elites try to manipulate it and what you can do to introduce a more balanced perspective on a personal level.

Watching our economy is like watching a car hurtling down the interstate at 104 mph with 5% tread left on three tires, a bent rear axle and a spare rated for 45 on the front right... something is going to happen... but what? Today, Tom and John discuss what they foresee happening and what we should do to prepare. Resources: How to Build Sustainable Wealth

Our country is in trouble. Gas prices are at unprecedented highs, criminals go unpunished and gross corruption seems to be the only requirement for holding public office. America is almost to the 250-year mark at which, historically, many nations have fallen. Will America survive? Should we just blow everything up and start over? Or can we still save America? Rick Green, former Texas representative, national speaker and founder of Patriot Academy, has the answers to these questions. Don't miss this episode. Listen Now! Resources: Patriot Academy: https://www.patriotacademy.com/, Become a Constitution Coach: https://coach.patriotacademy.com/constitutioncoach/ Biblical Citizenship: https://coach.patriotacademy.com/biblicalcitizenship/

The American system of government based upon "the Laws of Nature and Nature's God", has facilitated the largest burst of creativity, wealth production and accumulation in all human history. Within this system there is always conflict between extremes which tends to find a working balance in different ways at different times. When a viable balance is achieved during the struggle for equilibrium, human energy is harnessed in amazing ways resulting in remarkable production of wealth. When an extreme human-created ideology prevails on either end of a spectrum, wealth tends to be suppressed and even destroyed. Of course, not all struggles are political in nature. Some take place within the financial world, within specific industries or even within a religion. Some issues carry widespread implications while others are more local in nature. It helps to recognize that extremists tend toward chaos and tyranny, but a balanced perspective creates an environment of greater freedom which is exactly the recipe needed for growing and protecting wealth at a personal/family level. Some issues are obviously macro-level, which no one person can change overnight; but many small decisions can be made at an individual level to help your own life more become balanced and effective as well as assisting the pendulum to swing the appropriate way at the macro level. Resources: History of Money and Banking documentary: https://www.life-benefits.com/store-detail/#history-mb

The percentage of people who own life insurance has been dropping big time. Fewer and fewer people understand the importance of being insured. This is too bad, because, while life insurance does help maintain the quality of life for people you love when you pass, life insurance can also increase the quality of your life while you are living. On today's episode, Tom and John discuss why they think life insurance ownership is dropping, and how life insurance can help you save money. Resources: How to Build Sustainable Wealth: https://www.life-benefits.com/store/

We live in a world that too often blurs important distinctions between fact and feeling so far it becomes easy to question the existence of the fact. But behind this facade, you can recognize the unflattering lawyer's adage - if the facts are on your side argue the facts, if the law is on your side argue the law, if neither is on your side then change the subject and question the motives or attack the character of the opposition. We may ignore certain facts for a time but we cannot ignore the results of following a bad ideology based on wishful thinking. Following an ideology that welcomes and works with facts is key to building sustainable wealth. Resource Link: Order the book Winning Your Financial GAME: https://www.life-benefits.com/store-detail#WinningYFG

There are many legal ways to save on taxes, but there are also a lot of dangerous tax schemes. You can smell some tax schemes from a mile away, but others are more subtle – these are the ones that can get good people into trouble. Let's face it, everyone wants to save on taxes, but nobody wants to get in trouble with the IRS. Today on Wealth Talks, Tom and John are joined by Jack Cohen CPA who served as an award-winning IRS auditor for 33 years before entering the private sector as a CPA. Listen in as they discuss some of the latest tax schemes, how to stay out of trouble, and a relatively new strategy to save on taxes! Resource Link: SALT Cap Workarounds Update: https://news.bloombergtax.com/tax-insights-and-commentary/salt-cap-workaround-pass-through-entity-tax-update-part-i

Ignorance and Stupidity, Greed and Fear will be some of your leading enemies when trying to achieve success of any kind – especially financial success. Understanding the characteristics of these ailments can help you to identify and overcome them before they have time to impose the entirety of their destructive behavior and results in your life. It's been said that "man's biggest enemy is ignorance". It doesn't seem this will be changing anytime soon, but the blueprint to overcoming ignorance and gaining success is relatively easy. Resources: Find Books and other Educational Resources on the Life Benefits Store: https://www.life-benefits.com/store/

It's a nice big word... but what is it, and is it relative to life? Cognitive Dissonance is the name for a common, if detrimental, human behavior phenomena. Listen as Tom and John explain cognitive dissonance, and how you can respond to it in your life. Resources: Winning Your Financial GAME, How to Build Sustainable Wealth

Interest rates are a vital part of our economy and can quickly turn a boom into a bust or vice versa. Today, Tom and John tell you everything you need to know about the recent shift in interest rates, what they foresee happening to interest rates, and some ways to prepare for the coming changes. Resources: Winning Your Financial GAME, Financial Class Recording

"Free Range" chicken is better than regular chicken... or is it? While it certainly commands a higher price over other birds at the grocery store, "Free Range" doesn't mean what many people think it does. "Free Range" isn't the only misleading label... there are many others, and not just in the food industry. Don't get taken-in by misleading labels! Listen now to Wealth Talks.

High cash value life insurance policies are often referred to as banks... but is this correct? Learn about what goes into the process of starting a bank and why this is important to you. Not only are there different practices on this topic, but there are

We can't control the "what ifs" of life... but we can choose to live in faith. Faith for the future does not entail thinking raw positive thoughts or screaming "I am a hero" in the mirror. In fact, such raw positivity, unfounded on a solid base, leads to fear and frustration. On Wealth Talks, join Tom and John as they discuss how to live with faith and balance for the future.

How should you manage your money? Is it a good idea to let an adviser or planner manage your money for you? Should you be concerned about getting the highest rate of return? All this and more on the latest episode of Wealth Talks.

Why do so many airplanes crash after heavy maintenance (engine overhaul, etc.)? Why do cars sometimes have more problems when they come out of the shop? Why do patients become worse after surgery? Why are some people losing money even when their money is actively managed? There is something to explain this phenomenon, it's called "Maintenance Induced Failure." How much Maintenance is too much? Listen now on Wealth Talks!

Making money is one thing, keeping it is quite another! There are many places to keep money, IRA, 401K, 529 plan, etc., but where should you keep yours? On today's episode, Tom and John discuss some of the different places you can keep your money. Listen Now!

With the US dollar becoming more inflated, the question arises: Should I buy gold? Silver? What about crypto? Drawing from history, Tom and John discuss some of the ramifications of monetary policy in this episode of Wealth Talks! Listen in to get their take on the whole gold/silver/crypto question. Resources: A History of Money and Banking – Documentary premier with the McFie family via Zoom on Wed March 23rd. Email [email protected] to request the Zoom link.

It wasn't just the Beatles who talked about money in their song Can't Buy Me Love. Money is a common thread which is evident throughout all of history and is a frequent subject throughout the Bible. We are supposed to manage money... not the other way around. Today on Wealth Talks, Tom and John discuss some common problems they see when it comes to money management. Resources: https://www.life-benefits.com/prescription-for-wealth-book/Prescription for Wealth – free download: https://www.life-benefits.com/store/Prescription for Wealth - Paperback:

Constellation is in the process of a deal with Ohio National, a change which would turn Ohio National from a mutual company to a stock held company. How will this change their policies? Should you keep your existing Ohio National policies? Today on Wealth Talks, Tom and John bring you some important points on what you want to know about Ohio National and the upcoming changes.

What does "paying up" a policy mean? Is it a good thing? What about using a term rider instead? What does FPUA mean? Listen in as Tom and John answer these questions and discuss some things you'll want to be aware of if you plan on "paying up" your policy.

Some people thrive in the spotlight of competition, while others feel threatened. Competition is often seen as a negative thing, but truly fair competition understood in the right spirit can be a great blessing especially as a long-term strategy. The attitude with which we approach this subject makes a huge difference in how we treat an Employer, Customers, Competitors and even Family members. What may surprise you is that your attitude toward competition and getting money versus earning money may limit you more than anyone or anything else. When it comes to managing money there is much more to the picture than the negative side of competition. Competing by the rules and with the right attitude is a great asset in your wealth-building endeavors

One of the great problems our nation faces today is the ingratitude of its citizens. Turns out, it is very easy to point out the wrongs and injustices committed by those who came before us. Many times, we see those faults more keenly if we have an inclination to commit them ourselves. But it is also important, although, perhaps, not so easy, to remember and commend the good things they did. Today on Wealth Talks, Tom and John discuss the pressing question, "Is America, with all its faults, still worth saving?"

The McFie family recently read a book together titled Oh, Money! Money! by Eleanor H. Porter and we highly recommended it. Humans have an integral relationship with money, especially when you realize that the Hebrew word for the first man, Adam, is closely related to the Hebrew words both for blood and money. In fact, the Bible mentions money about 140 times which is more than nearly any other subject. Obviously financial matters are important, especially if you want to follow the Biblical blueprint when it comes to managing your money wisely.

Rumor is an emotional roller-coaster which can prove embarrassing, painful, and costly. While it may be natural to react to a rumor, people who react to rumors often pay a price for their actions. So how can one assess a rumor and respond rationally? Today on Wealth Talks, John is joined by Jesse McFie. Together they discuss rumors, and how to respond in a way that limits the negative impact on your finances and other life decisions. Resources: Life Benefit's Store: https://www.life-benefits.com/store/ jessemcfie - Instagram: https://www.instagram.com/jessemcfie/

Why are people so infatuated with "giving back"? Why do some people settle for failure almost in the face of success? Why are some rashly confident? On today's episode, Tom and John discuss the imposter syndrome and the interesting behavior patterns it can cause. Listen Now! Resources: How to Build Sustainable Wealth

There are many spider webs out there, not all of them are made by eight legged arthropods. Many are spun specifically to snare gullible, greedy or unaware humans. It's a dangerous time to be a fly... join Tom and John as they clear up some of these sticky webs on today's episode. Listen now! Resources: How to Build Sustainable Wealth

Politics have a BIG impact on what we do with our money. Laws, rules, and regulations restrict and penalize us depending on where we store and how we use our money, and taxes cut a chunk right off the top regardless. But there is a financial tool left to us which is still, comparatively, free from restrictions and penalties. Find out more on Wealth Talks.

It isn't often one spends $50,000 in a single day without previously intending to, but sometimes it happens. Todays on Wealth Talks you'll hear the story and find out what "happened". Resources: Building a Secure Financial Foundation:https://www.life-benefits.com/videos/how-to-build-a-secure-financial-foundation/ @brothersfabshop - Instagram

The new year is almost here. Starting January 1st we often see more people outside, walking, jogging or running working on their "resolutions". This usually lasts for a couple of weeks after which the people, as well as their resolutions perhaps, fade into obscurity. Are these resolutions not merely confessions? On today's episode with special guest Ben McFie, you will learn how to make New Year's goals which will last long after the first two weeks of January. Listen Now Resources: Goal Setting with Tom Ziglar: https://s3-us-west-2.amazonaws.com/lifebenefits/Audio/Teleconferences/2017/Tom+Ziglar+Jan+2017.mp3

As excited as everyone seems around Christmas, a lot of people report experiencing "post-holiday blues". Interestingly, over 40% of Americans go into debt to buy Christmas gifts. Might this new debt contribute to their post-holiday blues? We thought s

If you've been "around" in the insurance world, you've probably heard about a term rider. It is quite common to see an insurance policy with a term rider attached, but this doesn't mean it's a good idea. In fact, many times, putting a term rider on a policy makes no sense at all. Today on Wealth Talks, Tom and John discuss term riders and why they don't often like them. Resources: Policy Class: https://www.life-benefits.com/store-detail#policy-class Prescription for Wealth: https://www.life-benefits.com/prescription-for-wealth-book/

Taxes have been around for a very long time indeed. If we look at the history of taxes in the United States, we notice a curious phenomenon... taxes rarely decrease over time. For some reason, taxes tend to go up! Guess what? They could be going up again! As cheerful as this may be to DC'ers, a few of us American citizens find this upsetting. So, what should we do to ensure we don't pay more in taxes than we must? Listen now on Wealth Talks. Resources: How to Build Sustainable Wealth: https://www.life-benefits.com/store/

With college tuition increasing and student loans becoming a real problem, the question presents itself: Is college still worth it? Many college students graduate and work jobs completely unrelated to their degree. But at least they are thousands of dollars in debt. That always makes the future seem bright! Today on Wealth Talks, Tom and John take a hard look at college education. Is it necessary? Is it useful? Is it dangerous? Listen now on Wealth Talks.

There is a new rule pending approval which could dramatically change 401(k)s. If the ruling is approved, 401k plan managers, while choosing investments, will have to consider the ESG criteria (Environmental, Social and Governance factors) of investments for the plan. Generally speaking, fees on ESG funds are higher and there is some research which shows the ESG market may have already peaked. Despite privately held beliefs on whether investments based on ESG criteria are generally better/worse than other investments, these factors, combined or individually, could hurt 401k balances. Today on Wealth Talks, Tom and John discuss this problem and some ideas for working against a disintegrating status quo. Resources: How to Build Sustainable Wealth: https://www.life-benefits.com/store/

Ever heard that? It seems to be a prevailing theme nowadays. Look to the experts. Don't ask questions. Do what you're told. Looking to the experts is fine but relying solely on them can be catastrophic. We have to exercise discretion and make our own decisions. Today on Wealth Talks, Tom and John discuss some of the core thought processes we need to have to be financially savvy.