…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
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:
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:
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 john@wealthtalks.com)
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:
Use code: OHSWEALTH during checkout to get 10% off your first order with Optimal Health Systems
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:
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:
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:
Or maybe they think:
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
COVID is on the rampage! Stay safe, stay home, wear a mask, social distance, but you could die anyway. Fortunately, you can discover if you have the disease by taking a simple test. Unfortunately, 80% of positive test results are false positives, but so what? Oh, and pull up that mask, all the way over your nose… it’s to keep you safe… it’s to keep everyone else safe, but to really be safe, let’s quarantine.
Wow! It sounds deadly! What can we do to fight this super-virus?
Today on Wealth Talks, Tom and John are joined by Dr. John Bergman, an internationally renowned doctor, practicing in the U.S. and Mexico. Dr. Bergman brings special insight around the COVID virus, and what to do to really stay safe.
Resources:
Dr. John Bergman's Website:
https://drjohnbergman.com/?utm_source=life-benefits.com&utm_medium=podcast&utm_campaign=08062020Interview
Extreme Health Academy: https://www.extremehealthacademy.com/?utm_source=life-benefits.com&utm_medium=podcast&utm_campaign=08062020Interview
Dr John Bergman's Youtube Channel: https://www.youtube.com/channel/UC8RPuonNxq2lMb8zMvo7Xxw
Many people think the Federal Reserve is a wing of government… but in actuality it is a Private Cartel.
The unusual thing about the Federal Reserve is their ability to create money. We have to work to make our money, but the Federal Reserve can simply print its very own Benjamin Franklins.
In today’s day and age, they don’t even have to print. They can generate money with a click of a computer key!
No! It can’t be as easy as that! But it is!
Very Comforting… isn’t it?
Today on Wealth Talks, Tom and John are joined by Dr. Paul Cleveland. Dr. Cleveland has a Ph.D. in Economics and is a Professor of Economics and Finance at Birmingham-Southern College. Dr. Cleveland gives us a brief history of the Federal Reserve and how it operates + a way we can stay in the game despite the rising inflation.
Resources:
Is The United States of America a Democracy, a Republic, or something else? Does the Constitution uphold the Lockdown? What is the Electoral College? Was the 17th Amendment in 1913 good or bad?
These are important questions, how do we find the answers?
Today on Wealth Talks, Tom and John are joined by constitutional scholar Rick Green. Rick knows exactly what the constitution says, listen in as he answers these and other questions.
Listen Now
If you let procrastination get a grip on you, it can crush you! People procrastinate all the time, whether rushing busily around doing nothing, or lazily evading their work. One thing people procrastinate about a lot, is their money.
They make their money, but then they lock it some place they can’t get it. Or, they hand it over to their Financial Planner, or Stock Broker, because, after all, they will know best what to do.
Why do they do this? Because to learn how to grow their money would take some work on their part, and they would rather just hand it over to someone else. This type of procrastination has cost people big time!
What can you do to avoid procrastination? Listen Now
Resources: 3 Things You Can Do To Become Wealthier: https://www.life-benefits.com/3-things-to-become-wealthier
When will things go back to normal? What are changes that might arise from this pandemic? What is racism?
What can we do about the personal economic impact of everything going on?
Today, Rabbi Daniel Lapin (America’s Rabbi), TV host and bestselling author of the book Thou Shall Prosper, joins us on WealthTalks.
Listen as Rabbi Lapin answers these and other questions. His answers bring remarkable insight to the problems at hand.
Resources:
Get the Complete Library with Rabbi Lapin’s materials: https://rabbidaniellapin.com/product/complete-library-package/?utm_source=life-benefits.com&utm_medium=podcast&utm_campaign=07092020Interview