In days gone by many private companies could offer pensions that would actually support someone financially in retirement, but those days are gone and so are the pensions.
The financial side of retirement is extremely uncertain, many mainstream retirement plans are mediocre at best and while the desire to retire persists among people, the financial challenges of retirement have increased.
The Financial Side of retirement can be better than the forecast looks, if you do something different than what most Americans are doing.
Watch this episode and start planning for a better retirement now.
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Inflation is like a thief that never comes.
It is good to protect yourself from inflation in every way you can. The bible says that if the man of the house knew what time the thief was coming he would be on the alert and not let his house be broken into.
We know the thief is here, our duty is to protect our financial house to the best of our ability.
This episode of Wealth Talks Podcast is a timely episode for how to combat inflation in 2024.
Resources:
How to get a Whole Life Insurance Policy: Contact McFie Insurance 702-660-7000 | team@mcfieinsurance.com | https://mcfieinsurance.com/
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Listen to the Wealth Talks Podcast on:
Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163
Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8
This is an example of how someone used the Infinite Banking Concept and the cash value of their life insurance to expand their welding and fabrication business. One of the owners of Brothers Fab Shop joins us in the studio to answer all our questions.
We ask about:
The expansion opportunity
How to borrow from a policy
Have they paid the loans back yet
How has the expansion affected business and more
This episode of Wealth Talks Podcast is a great episode for anyone who owns a business. This is how the Infinite Banking Concept can work for a business owner.
Resources:
How to get an Infinite Banking Policy:
Contact McFie Insurance 702-660-7000 | team@mcfieinsurance.com | www.mcfieinsurance.com
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Watch on YouTube: https://youtu.be/Z8XUZ825QP8
In this episode we review the numbers of the first Infinite Banking policy we bought. We have owned the policy for 18 years now so you could say it’s an adult policy now. Over the years, We have paid lots of premiums on this policy and we have also used policy loans against the cash value for many things. We go over all of it in this episode, episode 463, of The Wealth Talks Podcast.
Resources:
2 Ways to pay the most hated tax in America: https://www.youtube.com/watch?v=dBG9Gk8lGTw
Get a good Infinite Banking policy for yourself:
https://mcfieinsurance.com/
702-660-7000
mailto: team@mcfieinsurance.com
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Watch on YouTube: https://youtu.be/iOb_5_It0b4
In 2005 our family went on vacation. We drove from Oregon where we lived at that time down to San Diego California to spend some time on the beach. But on this particular vacation Dad may have been more excited about a book he was reading than the vacation we were taking.
We had not been thrilled with all of the results we were getting from the financial advice we had followed most of our life, and here were some of the missing pieces in this book.
The Infinite Banking Concept is a way of thinking that can revolutionize your financial future.
In this podcast we talk about how we found The Infinite Banking Concept.
Resources:
Contact McFie Insurance to buy life insurance or for a life insurance review:
702-660-7000 mailto: team@mcfieinsurance.com
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Watch on YouTube: https://youtu.be/D79Rx01vFNQ
Our son Jesse, Is getting married this month, Jesse will be the first of our 8 children to get married. We are very happy for him and his soon to be wife, Alyssa.
We thought it would be interesting and useful to have Jesse join us in the studio for this episode of Wealth Talks to talk about premarital financial considerations, house hunting and wedding plans among other things.
Resources:
To buy life insurance or get a life insurance review, contact McFie Insurance. mailto: Team@McFieInsurance.com or 702-660-7000.
Follow the Wealth Talks Podcast on:
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Watch on YouTube: https://youtu.be/8Yj3ICOJbu4
Interest rates are rising right now and being in debt is becoming more expensive all the time. In this episode, episode 460 of the wealth talks podcast, we are going to talk about how to be debt free.
Becoming debt free can be a daunting task, many people will never know what it feels like to be debt free.
People take on debt voluntarily or involuntarily. Voluntary debt in our country often involves student loans and credit cards. Involuntary debt often involves emergencies. To truly be “debt free” you can’t have any debt, none, nada, zip, zero. This is how to be debt free.
Resources:
https://mcfieinsurance.com/10-20-70-budget-system
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It is good to have life insurance, but having bad life insurance can be worse than having no life insurance at all.
Michele reads a message from someone who writes in about how they bought the wrong kind of life insurance even though they were trying to get good life insurance.
We talk about how to get good life insurance and how to check the life insurance you already have to find out if it is good life insurance.
Life insurance is something you want to get right the first time because it gets more expensive with time.
Resources:
Go here to get the free policy checklist we talk about in this episode: https://mcfieinsurance.com/podcasts/how-to-get-life-insurance/
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Watch Wealth Talks Podcast on YouTube: https://youtu.be/rSNhjrw0P0s
The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that’s not the only benefit of life insurance, you can use the cash value of your life insurance while you’re still alive because your life insurance policy is collateral.
You can also assign your life insurance as collateral to use other people’s money.
If you own a business you can use life insurance as a benefits program and to keep critical employees.
Resources:
To get term insurance contact https://mcfieinsurance.com/
Mailto:team@mcfieinsurance.com
call: 702-660-7000
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https://youtu.be/axpMwXi2s78
Most people think life insurance is for when you die, it is, but, you can also use the life benefits of whole life insurance while you’re still alive. What about term insurance though? Is it any good or is it a waste of money?
Many people who have term life insurance now are going to be severely disappointed when their term is up because you can't turn back the clock and get new coverage at the same low rates you had before.
Resources:
To get your life insurance reviewed call McFie Insurance at 702-660-7000 or email: team@mcfieinsurance.com
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Listen to the Wealth Talks Podcast on:
Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163
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We get to listen to an interview with real estate investor John Morey.
John talks about why he bought whole life insurance, how he started out using it wrong.
Why he like to use whole life insurance to grow his wealth, and how he teaches other people about how they can benefit from using life insurance and invest in real estate.
0:00 Interview with John Morey
3:41 What is a MEC policy?
5:08 Don't make this mistake with Infinite Banking
20:50 Why starting now is important (visual demonstration)
Resources:
https://southerncharmre.com/
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Watch on YouTube: https://youtu.be/PPUQAmAdkSA
Mark Twain has the credit for saying, “The Return of my money is more important than the return on my money.” It is better to make an investment that returns a small increase as well as your seed money than it is to make an investment that has a large projected return but fails to return your seed money. Warren Buffet said, “The first rule of an investment is don’t lose, The second rule of an investment is don’t forget the first rule and that’s all the rules there are.” If you lose your seed money, how are you going to get ahead financially?
You can earn a positive average rate of return while you're losing money!!
We talk about bad investments, good investments and how to access capital to make investments.
Resources:
Life Insurance review: https://mcfieinsurance.com/
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Watch on YouTube: https://youtu.be/fcX19z967m8
Every time you spend money you are making an investment. It’s either a good investment or a bad investment. Do not buy into the idea that investments have to be something rare, exclusive, elusive, exciting or in a land far away. Some of the best investments are right in front of you, if you can’t see them it’s because you look at everything the way most everyone else does.
You can and should become rich and investing is one of your responsibilities with the money that comes under your control
2:14 Is real estate a good investment?
10:13 Should you cosign a student loan?
13:33 Why investing morally is important
15:08 How to set up your finances
18:01 Using policy cash value
26:05 Is oil a good investment?
27:23 Preparing for an investment
Resources:
Life insurance policy sales and review https://mcfieinsurance.com/
Contact: Team@McFieInsurance.com | 702-660-7000
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Watch on YouTube: https://youtu.be/2fkdf7lJmMo
There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ability to take advantage of opportunity. Bad debt is debt that costs you opportunity, causes stressful cash flow issues and cripples you financially. In this episode we talk about how to payoff bad debt and how to use good debt to your advantage.
4:19 How to tell if a debt is good or bad
12:38 Snowball Method explained
14:00 The Avalanche Method
16:59 How to set up your finances
19:34 The largest amount of debt John has seen
27:34 Should student loans be paid off?
30:21 Is a mortgage a good debt?
Resources:
Life insurance policy sales and review McFieInsurance.com
Contact: Team@McfieInsurance.com | 702-660-7000
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Watch on:
YouTube: https://youtu.be/vYrX3XA-DWk
The savings rate in the US has been going up a bit recently but it’s still lower than what it should be. Generally speaking, people aren’t saving enough money to have financial peace of mind. But when someone does save money there are a host of decisions to be made on how to keep that money.
In this podcast we talk all things savings, how to save money and where to keep money you have saved.
Resources:
Life insurance policy sales and review McFieInsurance.com
Contact: Team@mcfieinsurance.com | 702-660-7000
2:51 Where to save your money
6:24 The problem with saving plans
8:45 What to look for in a savings plan
16:25 How to set up your finances
27:00 Why premium financing isn't used much right now
28:31 Earning a 66% return in whole life insurance
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Watch On:
YouTube: https://youtu.be/Mhw62bVjAf8
Becoming your own banker, the infinite banking concept, bank on yourself and other financial concepts promote the idea of using the life benefits of life insurance. Many people think life insurance is for when you die, that’s true, but you can also use life insurance while you’re still alive.
There are benefits to using life insurance as a financial tool that you cannot get with any other financial products. But the problem is there is good life insurance and bad life insurance and too many people who want good life insurance wind up getting bad life insurance.
We talk about good life insurance, bad life insurance and how to get a good life insurance policy with cash value so that you can be your own banker.
Resources:
Life insurance policy sales and review McFieInsurance.com
Contact: Team@mcfieinsurance.com | 702-660-7000
0:00 How to Be Your Own Banker
3:15 History of life insurance
5:38 Types of life insurance
7:09 The two types of life insurance
8:56 The origin of Buy Term, Invest the Difference
11:26 Term life insurance, universal life insurance, indexed universal life insurance (IUL) and whole life insurance
15:00 Reviewing an IUL policy
18:23 How to set up your finances
20:57 How to tell if a life insurance policy is good or bad
22:39 10/90 Infinite banking policy (IBC)
25:11 Guaranteed vs non-guaranteed values
30:13 The difference between cash value and death benefit
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Watch on Youtube:
https://youtu.be/-sUT5xUCkbs
Throughout this year you will get to make financial decisions. If you make good financial decisions you will get ahead faster. In this podcast we will share knowledge that you can use to make good financial decisions.
Please go here and write a review for the Wealth Talks Podcast:
https://podcasts.apple.com/us/podcast/wealth-talks/id978187163
–Thank you!
2:11 Financial metrics that confuse people
9:44 Ad Break @McFie-Insurance
15:58 The Trick to Kubota's 0% Financing
25:02 Tom & Michele's Camper
Resources:
Life insurance policy sales and review McFieInsurance.com
Contact: Team@mcfieinsurance.com | 702-660-7000
Follow along:
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Watch on:
YouTube: https://youtu.be/Gw6hiKngqv0