Someone asked us to respond to the opening and closing ceremony at the 2024 Olympics, Brett asked us to talk about what someone should do with the money if they win the lottery, and Carlo asks if we had the choice between taking retirement benefits at $7800/mo. with lifetime free medical vs a lump sum of $1.5million dollars which one we would choose.

3 completely different questions, but all interesting in their own way. We are going to talk about all three of these things today right here on Wealth Talks.

If you you have a question, or would like us to comment on a topic, feel free to reach out in the comments below.

Not long ago in podcast 469 we Rebutted a Dave Ramsey video that a podcast listener sent us. That podcast episode has been watched by hundreds of people and the feedback has been really something. A lot of people loved it and some people didn’t, you can see their feedback in the comments on episode 469. But through it all, another listener sent us another Dave Ramsey video and we are going to respond to that video today.

If you haven't seen this particular video you can watch it here:

The Dave Ramsey video Jonathan sent us:

 https://www.facebook.com/story.php?story_fbid=985650382924576&id=100044388700838&mibextid=WC7FNe&rdid=I82xtNhc7kJWBVgW

1:38 Is life insurance an asset? 
2:28 Dave Ramsey's life insurance example
10:00 Do you need life insurance after age 50
12:46 When Buy Term and Invest the Difference doesn't work out 14:33 Should you invest or buy life insurance
16:39 Fisher Price donut ring demonstration
21:12 Is Dave Ramsey a life insurance agent?

If you have a question or content you would like us to comment on in the podcast, reach out to us in the comments. We look forward to hearing from you soon.

Credit unions will mail out life insurance offers sometimes. Are they a good deal? Should you buy life insurance through a credit union offer?

That’s what we are talking about today.

Credit union life insurance is better than nothing, but there are better deals.

Listen and learn about the different types of life insurance available for you today.

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If you own a business you can absolutely use the infinite banking concept to fund business expenses and that’s what we are going to talk about right now in this episode of the Wealth Talks podcast.

A lot of business owners want to use infinite banking to finance business expenses because of the intrinsic benefits. We’re going to talk about the benefits and also the process of using the infinite banking concept for business.There are a few things you want to get right to get all of the benefits and have no problems.

The benefits include tax benefits, time savings, increased profits, more productivity, cost savings, flexibility for loan repayments, better cash flow and peace of mind.

In this episode we talk about:
• Real concrete examples of a business loan and the results
• How to use the infinite banking concept to help with taxes
• How you can keep the interest personally that your business pays on the loan
• How you can finance equipment that will increase productivity
• How to get a discount on subscriptions and commercial insurances by paying in advance
• How to defer loan repayments to a more lucrative season if necessary to improve cash flow