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Wealth Talks

Welcome to Wealth Talks where we talk about solutions, money, and other things that create wealth in your life
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Now displaying: November, 2019
Nov 27, 2019

You’ve heard of income-based repayment aka income-driven repayment plans for student loans. Do they apply to you? How do you know what income driven plan is best for you?
What about the tax liability when the loan is forgiven? Is it really worth jumping through all the recertification hoops? Will you have to limit your service potential to keep your income low enough to qualify?

Or could there be a strategy for you that ties it all together and gives you a better deal?

Maybe you can save enough cashflow over the next 20-25 years to take care of the tax liability with no problem. Maybe you can turn your debt into an asset and actually have “money saved” to show for your effort when everything is done. There is a strategy and this show will help you discover what you need to know.

Resources:
https://forms.gle/bc9x5cHh4Rpf5tkNA

Nov 19, 2019

From the story of the Tower of Babel in Genesis, through Greek Culture, even through the Dark Ages, and now through modern day Marxism in America, humans often think it is wrong to be wealthy. They think it might be better to redistribute the wealth. Maybe everyone could enjoy prosperity equally and fairly - it sounds really nice.

But life isn’t equal or fair, so what’s the best solution? Today you’ll hear some history around the idea of Wealth Redistribution and the different forms it assumes throughout history. This discussion makes several references to the Bible.

Basically you can choose from 3 systems:

  • Socialist/Communist system = Direct Redistribution by government
  • Capitalist system = Redistribution through markets, services and charity
  • Neo-Capitalist or “Crony” Capitalist = Redistribution through manipulated markets

Consider how these three systems distribute and redistribute wealth and then you’ll be able to make better sense of the wealth in your life to manage it wisely.

Resource links: https://www.life-benefits.com/podcasts/wealth-redistribution-where-the-idea-came-from-and-what-it-means-for-you/

Nov 12, 2019

Did you know, that a withdrawal from any type of Universal life insurance policy, is substantially different than a withdrawal from a Whole life insurance policy? Policy loans may also affect universal life insurance and whole life insurance products differently. On this show you’ll hear what you need to know about policy loans and withdrawals.

It doesn’t matter whether a universal product is called Indexed Universal Life (tied to a market index), Variable Universal Life (tied to various stock accounts), or plain Universal Life (usually tied to an interest rate).

Withdrawals from any type of life insurance policy can easily be taxable. Loans are usually not taxable but can become taxable if you borrow too much and cannot pay the interest. Don’t lose money. Discover what you need to know to keep more of the money you make.

You will also hear guidelines on when it makes sense to take a policy loan and when it makes sense to use other money.

Call Life Benefits for specific guidance 702-660-7000

Nov 6, 2019

Conversation with Krish Dhanam and Dr. John Bergman highlighting some of the wonderful experiences and content from the 2019 Wealth Cruise.🚢

 

From financial wealth building to world views and knowledge for cultivating physical health and well-being, this cruise reflects a recognition that humans are tridimensional in nature with Mental, Physical and Spiritual aspects. To achieve real and sustainable wealth you have to become successful in all 3 dimensions.

 

Mentally you can design a strategy to create financial wealth and exercise discipline to follow your plans and make important adjustments along the way.

Physically you want to recognize when your body is stressed and how that could affect your ability to perform and experience life at your full potential.

Fundamental world views (aka spiritual beliefs) affect your work ethic, and give you the dignity to serve and do the things you need to do in the other two dimensions.

 

Ultimately you want to grow in a balanced way. Krish Dhanam explains the wheel of life and how this can help you develop a large “wheel” in a balanced way without getting side tracked by circular logic or passing emotional desires.

 

Resources:

Zig Ziglar’s Wheel of Life - How does Your Life Measure?  >>>>

Subscribe to Life Benefits for info on the Next Wealth Cruise

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