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Wealth Talks

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Now displaying: 2021
Dec 28, 2021

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

Dec 21, 2021

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

Dec 14, 2021

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/

Dec 7, 2021

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/

Dec 1, 2021

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.

Nov 24, 2021

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/

Nov 17, 2021

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.

Nov 9, 2021

We live in a world of lies. This isn’t anything new or unique to this time in history. We’ve been living in a world of lies for a long time. So, who should we trust? The government? Yeah, not us either. On today’s episode, Tom and John share what we need to know to survive in our “world of lies”.

Resources: Relative Truth is No Truth - Podcast

Understanding Different World Views - Interview with Krish Dhanam

Nov 3, 2021

Taxing the rich is a topic many elected officials harp on with a religious zeal. Despite their moral high tone, taxes on the rich seem to do more damage to the middle and lower classes. The income tax, supposedly to penalize rich tycoons, ended up being paid mostly by people other than the rich. Whoops! Guess it’s time for a new tax. Any suggestions for a name?

On today’s episode, Tom and John discuss how we can avoid getting squelched by taxes and inflation... it’s one of the few weapons we have left.

Resources

The Creature from Jekyll Island

Oct 27, 2021

Warning signs are supposed to offer us some degree of protection from the described danger. Yet a recent study shows they many have the opposite effect.

Trivial warnings abound everywhere... especially in California where even a cup of coffee has been found to cause cancer. Of course, just because there is a “warning” doesn’t mean it’s really dangerous.

The same holds true in the finance industry. Just because something is “qualified” or “preferred” doesn’t mean it’s the best place to invest your money. To grow your wealth, you must know how to assess the real danger, not just read the warnings.

Listen now on Wealth Talks.

Resources

Prescription For Wealth: https://www.life-benefits.com/store/

Oct 19, 2021

Taking a loan from a policy is easy, but there are questions that can arise.

Will taking a loan decrease my death benefit? Why does the insurance company charge interest?  When should I pay off my policy loan?

This week, Tom and John answer all these questions and many more. Listen Now on Wealth Talks.

Resources

How to Build Sustainable Wealth: https://www.life-benefits.com/store/

Oct 13, 2021

Lots of people seem to be gung-ho on investing in the market. Whether they’re trying to make a lot or make a little, build their dream home or supplement social security. Sometimes these folks only know enough to be dangerous.

This episode is a chilling reminder as to how rough and unpredictable a road the market can be in reality.

And talking of social security. What’s might happen to this program? Tom and John share thoughts about this and discuss wealth killers such as fees, interest and taxes. Listen Now.

Resources

How to Build Sustainable Wealth: https://www.life-benefits.com/store/

Note: Investing information provided in this podcast is for educational purposes only. Life Benefits, LLC does not offer advisory or brokerage services, and does not recommend or advise investors to buy or sell particular securities.

 

Oct 6, 2021

America has been the face of benevolence for years. Has this benevolence contributed to the deterioration of America today?
It is good to be compassionate and sharing, but we need to make sure we are not giving away what we need to take care of our own responsibilities.

Listen in as Tom and John address the problem of benevolence and possible side-effects in your personal finances as well as at a cultural level.

Resources
Link to Seminar recording: https://www.life-benefits.com/store-detail/#sw-seminar

Link to Policy Class: https://www.life-benefits.com/store-detail/#policy-class

 

Sep 28, 2021

September 17-18th marked our first LIVE event since early 2020. It was wonderful! Seeing people in person, face to face, is something no Zoom conference can replace.

Today on Wealth Talks, Tom and John are joined by Michele. Together, they give you a brief synopsis of the event.

Resources: https://www.life-benefits.com/store-detail/#sw-seminar

Sep 14, 2021

Taxes are unpleasant, yet it is important to plan for them if one wants to pay as little as possible. Sadly, many people are planning in a way that will cost them in the long run.

Today, Tom and John are joined by special guest Martha Baker-Starr, a Certified Tax Coach™. Together, they talk about the importance of planning for taxes over the long term. Listen now on WealthTalks.

Contact: Martha@ProsperousStrategies.com  or call 803-256-1083 ext 104

Sep 7, 2021

We put fences around our homes and locks on our doors to protect our physical property. But do we do anything to protect our intellectual property? Coca-Cola, MacDonald’s and Nike sure have, but what about us?

Intellectual property is extremely important and should be properly protected, but it’s tough to know how to do so. Should you file for a Copyright? Trademark? Patent? Even if you know which form of protection is right for you, filing with the US Government can be a real pain.

Today on Wealth Talks, Tom and John are joined by Attorney Mark Wright. Mr. Wright has an extensive history of protecting intellectual property across the private, corporate, and government sectors; from small businesses to Fortune 500 companies. Listen now to hear His insight on intellectual protection.

 

Resources: Attorney Mark Wright contact: info@wrightlawgroup.com

Sep 1, 2021
Average returns don’t mean actual returns. On the surface this doesn’t sound like it would be a huge issue. But it is. 
 
In addition, the benefit of a 401(k) tax deferral used to be estimated about 9%, but not anymore. And fees continue taking a steady told each year which erodes your compounding base. 
 
These factors, as well as liquidity issues and insufficient accumulation of funds in most plans are prompting people to save in other vehicles even if they continue to use a 401(k). 
Aug 24, 2021

Many of those who speak about the evils of making money are the ones who aren’t making any.

Today on WealthTalks, Tom and John talk about why Earning money, as well as Keeping and Giving money, are so important to building and sustaining a strong society.

Make sure your children learn about the flow of money and value in meaningful ways as they grow up, so they can become more productive and creative as adults.

Aug 17, 2021

Interest is often seen as a negative thing, but is it? Many people confuse interest with usury, but the two are distinctly different.

Today on Wealth Talks, you will learn the difference between interest and usury, and how to use interest to your advantage.

Also, Tom and John share the next big thing they see coming in the financial world and what you can do to prepare.

Ready to take control of your money? Attend our upcoming LIVE event.

 Sustainable Wealth and Investing Seminar Sept 17-18th

Aug 10, 2021

Was your question answered? A few weeks ago, Tom and John devoted an episode to answering questions from you, our listeners. But they didn’t get to all of them. This week, Tom and John are back to answer those questions.

Also, check out the details for our upcoming LIVE event.

Sustainable Wealth Seminar Sept 17-18th

Aug 4, 2021

Many people want to know… should they pay extra interest to their policies? This is not a simple yes or no question. The answer will vary based on few different factors, including how the policy was designed.

On this episode Tom and John dig into policy design and whether or not paying extra in interest make sense.

Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/

Jul 27, 2021

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.

Jul 21, 2021

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: john@wealthtalks.com

Jul 14, 2021

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/

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