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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: December, 2020
Dec 30, 2020

…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

Dec 22, 2020

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

Dec 16, 2020

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

Dec 8, 2020

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.

Dec 2, 2020

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

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