Wealth Talks

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: [email protected]

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.

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

Recently a poplar investment and financial website ran an article about Life Insurance, but the article was inaccurate and not true. We responded with a new article on the subject, bringing much needed clarity to how Cash Value Life Insurance works. Today on Wealth Talks, John and Ben talk about the different types of Life Insurance available, and how you can use your cash value life insurance as a financial tool. There are multiple types of life insurance, each kind created for a specific purpose. Some accumulate cash value, some are just pure death benefit, still others have an investment option. Listen in and learn about the different types of life insurance, and why life insurance is called the 4th pillar of Americanism. Resources: 5 Ways to Use Whole Life Insurance Cash Value: https://www.life-benefits.com/5-ways-obtain-whole-life-insurance-cash-value/

Protecting yourself legally is a must. But how do you go about it? Most Lawyers are happy to "set you up", but it might be exactly that! Today on Wealth Talks, Tom and John are joined by Attorney Lee Philips, a Counselor to the U.S. Supreme Court, to talk about ways you can protect yourself legally. Do not miss this episode… Listen Now! Call John to order Lee Philips' Accumulation and Preservation of Wealth System + Advanced Tax Tactics: 702-660-7000 (or email [email protected])

Americans are running out of money in retirement, and its not just by a little… there's a big shortfall. It shouldn't be this way, but sadly Americans have either not saved enough, or saved in the wrong places… maybe some of both. The typical IRA and 401k are just not cutting it. So what should we do instead? Today on Wealth Talks, Tom and John talk about why the 401k and the IRAs have failed Americans, and what we can do to save more effectively for the future.

Some people advocate borrowing from a life insurance policy for everything. Others vehemently oppose taking a policy loan at all. What should you do? The answer is simple though not conclusive… it depends. Sometimes it makes great sense to take a policy loan. At other times, you can save more money by borrowing elsewhere. Today on Wealth Talks, Tom and John point out the effects of borrowing against a policy, and how you can decide when to use a policy loan and when to look for other funding options.

With low interest rates right now, does it make sense to make extra payments right now? This is an area of confusion for many, and it is often glossed over by the experts in finance. Today on WealthTalks, Tom and John discuss making extra payments on a mortgage, and even using a HELOC to pay off the mortgage early. Knowing the facts can save you a lot of money. Listen Now on Wealth Talks Fun with Real Estate Presentation - Video: https://www.life-benefits.com/videos/fun-with-real-estate-by-tom-mcfie/

How did it originate? What was it intended for? How can it be used? Is it a good financial strategy? Those are good questions. Listen Now on Wealth Talks as Tom and John delve into the inner workings of the Roth IRA. How Does a Roth IRA Work? - Article: https://www.life-benefits.com/how-does-a-roth-ira-work/

Its been an exciting few days! The new book How to Build Sustainable Wealth has finally premiered as a softcover. Many people are struggling financially. They are doing all they know how to do, but their money keeps slipping through their fingers like sand. Frustrated and upset, they turn towards a Financial Planner for help. Sadly, this is often the worst thing they could do. On this show we discuss the new book How to Build Sustainable Wealth, and how it can help you keep more of the money you make. Order the new book How to Build Sustainable Wealth by Dr. Tomas McFie: https://www.life-benefits.com/store/

The Economy is suffering, stability is not an accurate description of the Market, and the Federal Reserve seems to be playing a game of Jenga with our monetary system. It seems as if any moment everything could come crashing down. What should we do?… what can we do? In uncertain times, like the present, many are advocating buying silver or gold. Is this a good choice? Are there better options? Find the answers now on WealthTalks. Order the new book How to Build Sustainable Wealth by Dr. Tomas McFie

Real Estate prices have been fluctuating for years. Goaded by natural disasters, crime and political intrigue, real estate prices have been anything but stable. Seemingly "safe" properties are not immune, the arrival of a less than desirable neighbor, or the whim of some politician can change your home's value drastically. All told real estate seems a slippery surface on which to set your basket of eggs. But what else can we do? Where else can we build equity today? Commercial Real Estate? A HELOC perhaps? Join us on Wealth Talks and discover the answers to these questions.

The purpose of TUMS and other antacids seems straightforward - almost like a magical formula to solve Heartburn and acid indigestion. But how do antacids work? They either neutralize the acid in your stomach or, depending on the product, they might prevent you from making as much acid in the first place. With no acid to slosh up your esophagus, you can't get heartburn! This all seems great, but an interesting study shows that those who took antacids were more likely to become ill than those who did not. The acids in your stomach protect you from diseases. With these acids destroyed, germs can move right in and pull a chair up to the fire, so to speak. Eating raw foods will keep your immune system strong and will also help too keep you from getting heartburn, as your stomach doesn't have to produce as much acid to break down these foods. But let's face it. Replacing a Big hamburger and fries with cool Brussel sprouts and carrot sticks, can be disheartening to say the least. Today on Wealth Talks, Nutritionist Doug Grant reveals the natural solution to excess stomach acid. And no, you don't have to munch Brussel sprouts for the rest of your life! Resources: Optimal 1 Digestion & OHS 21-day Challenge - Get them here: https://www.optimalhealthsystems.com/Articles.asp?ID=277&ProductCode=8&qty.8=1&ProductCode=655705123013&qty.655705123013=1&HPClientID=15749&HPEmail=john+++wealthtalks.com Use code: OHSWEALTH during checkout to get 10% off your first order with Optimal Health Systems February Show with Nutritionist Doug Grant: https://www.life-benefits.com/podcasts/health-is-wealth-with-ohs/

It's obvious that Christian faith is under attack on many levels across America. This inherently includes an attack on the Judeo-Christian values which support the ownership of personal property and allow American families to build sustainable wealth. Dr. Ralph Reed's latest book For God and Country provides a defense of Judeo-Christian values especially relating to political decisions in the face of vocal opposition. When it comes to elected officials, you can't ignore or deny that there are "politics" involved in the way they deal with certain issues and regulations including recent restrictions and standards surrounding COVID and rioting. But Freedom is in the DNA of the American people, and most agree on the foundational values of: Faith in God, Strong Families & Civil Society, Free Markets, Rule of Law and Limited Government. Many evangelical Christians are facing hate for supporting Donald J. Trump for President in 2016. As the Founder and Chairman of Faith and Freedom Coalition + working on the campaigns for 11 presidential elections over the years, Dr. Reed definitely has a connection to the pulse of national politics as they relate to Christian Faith and values. Listen and consider what the election means for your faith, values and wealth. 3 Steps to Effectively Stand for your Values in 2020 and beyond: Be educated & informed Vote Work to influence public policy Resources: Enter to Win a copy of Ralph Reed's book: https://www.life-benefits.com/ralphreed

YouTube has changed the world of learning. With a simple search, we can find videos to learn about almost anything under the sun. But there is so much non-relevant, outdated, and even mis-information online too, that trying to sort out the gold can be frustrating. Today on WealthTalks, you get a "behind-the-scenes look" at the Life Benefits YouTube channel, as Gracine and Jesse join the show. How do we keep our videos relevant? Where is a good place to start? What will these videos help you with? Listen Now on Wealth Talks Also on this show… sneak peek on next week's show with a special guest! Resources: The Life Benefits YouTube Channel: https://www.youtube.com/user/LIFEBENEFITSINC

Only 59% of Americans own life insurance and 50% of these people are still under-insured. Why don't people own more life insurance? Perhaps it's because they: Have been told it's a bad investment? Have heard misunderstandings about life insurance Had an experience with a bad policy (or a bad agent) Or maybe they think: Group life insurance is enough Life insurance is "just for the next guy" The insurance they would like to have would be too expensive Or maybe they don't want to think about it. There are many benefits to owning the right kind of life insurance policies in the 2020 economic environment and beyond. Today Tom and John discuss some of these benefits and reveal common mistakes around life insurance. Resources: How to Build Sustainable Wealth - Preorder (delivery in September): https://ao160.infusionsoft.app/app/orderForms/Fire-Your-Financial-Planner-Preorder