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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: Category: Money
Apr 12, 2022

How should you manage your money? Is it a good idea to let an adviser or planner manage your money for you? Should you be concerned about getting the highest rate of return?

All this and more on the latest episode of Wealth Talks.

Mar 29, 2022

Making money is one thing, keeping it is quite another! There are many places to keep money, IRA, 401K, 529 plan, etc., but where should you keep yours?

On today’s episode, Tom and John discuss some of the different places you can keep your money. Listen Now!

Mar 15, 2022

It wasn’t just the Beatles who talked about money in their song Can’t Buy Me Love. Money is a common thread which is evident throughout all of history and is a frequent subject throughout the Bible.

We are supposed to manage money... not the other way around. Today on Wealth Talks, Tom and John discuss some common problems they see when it comes to money management.

Resources:
https://www.life-benefits.com/prescription-for-wealth-book/Prescription for Wealth – free download: 
https://www.life-benefits.com/store/Prescription for Wealth - Paperback: 

Feb 9, 2022

The McFie family recently read a book together titled Oh, Money! Money! by Eleanor H. Porter and we highly recommended it.

Humans have an integral relationship with money, especially when you realize that the Hebrew word for the first man, Adam, is closely related to the Hebrew words both for blood and money.

In fact, the Bible mentions money about 140 times which is more than nearly any other subject. Obviously financial matters are important, especially if you want to follow the Biblical blueprint when it comes to managing your money wisely.

Jan 12, 2022

Politics have a BIG impact on what we do with our money. Laws, rules, and regulations restrict and penalize us depending on where we store and how we use our money, and taxes cut a chunk right off the top regardless.

But there is a financial tool left to us which is still, comparatively, free from restrictions and penalties. Find out more on Wealth Talks.

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.

Feb 10, 2021

Many people pursue money to their own misery. If they only had more money, they reason, they would be happy and contented. With this mindset, they will never be happy. They will either be poor and miserable, or they will be richly miserable.

Wealth, on the other hand, isn’t dependent on money. Money can be a part of wealth, but wealth is not a part of money! 

 

Today on Wealth Talks Tom and John talk about money, the love of money, and wealth. Listen Now

 

Resources:

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

Sep 22, 2020

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

Apr 28, 2020

The economy is down, businesses are closed and people are left unemployed as the quarantine lockdown continues. Will the economy ever recover?

Today on Wealth Talks, economist George Gilder joins Tom and John to talk about the economy, wealth and poverty.

George Gilder has written many renown books on the economy, including Wealth and Poverty, a best seller with over a million sold and Life after Google, also a bestseller.

You do not want to miss this episode. Listen Now!

Resource Links:

Subscribe to George Gilder’s Daily Prophecy at GilderPress.com: https://gilderpress.com/?utm_source=lifebenefits.com&utm_medium=podcast&utm_campaign=wealthtalks

Get Life After Google on Amazon.com: https://www.amazon.com/Life-After-Google-Blockchain-Economy-ebook/dp/B072NYKG2G/

Get Wealth and Poverty on Amazon.com: https://www.amazon.com/Wealth-Poverty-Twenty-First-Century-Gilder/dp/B00CB5H5JQ/

Jan 22, 2020

Governments and central banks are taking the low road. They are attempting to artificially stimulate the economy by implementing negative interest rates.  John says it will work probably work short-term Tom says it could cause people to hoard tangible assets like gold, silver, antique automobiles and art.

What is it that really stimulates an economy long-term and causes wealth to be created?

Why do you think most business regulations are put in place?

A. To protect small business from getting overrun by big business

B. To make it hard for small business to compete with big business

Now picture yourself approaching retirement… what would you do if interest rates went negative on all of your retirement savings, and instead of earning interest on your money, you had to start paying just to keep the money you’d saved?

All this and more on episode 246 of Wealth Talks. Listen Now.

Jan 14, 2020

Most people think saving money is about cutting lifestyle and luxuries. This is certainly one way to save, but it is not the only way because where you save your money can make a big difference in how much you get to keep. 💵

Benjamin Franklin says, “There are two ways to increase your wealth. Increase your means or decrease your wants. The best is to do both at the same time.”  But increasing your means is not always as easy as increasing your income because expenses tend to rise to equal (or exceed) income (Parkinson’s law). 😟

When you have a good plan for your finances you can save more money without working any harder; you can have peace of mind and be ready for good investment opportunities when they come to you.

Whether you’re trying to save more money for retirement, to make an investment, or just saving money for a rainy day it’s always a good thing to minimize fees and taxes. And you want a big word called LIQUIDITY. Find out why this is so important.

Resources:

10-20-70 Cashflow Worksheet Tool

Tips for Saving More Money in 2020 - Video

Wealth and Poverty book by George Gilder

The Black Swan book by Nassim Nicholas Taleb

Nov 19, 2019

From the story of the Tower of Babel in Genesis, through Greek Culture, even through the Dark Ages, and now through modern day Marxism in America, humans often think it is wrong to be wealthy. They think it might be better to redistribute the wealth. Maybe everyone could enjoy prosperity equally and fairly - it sounds really nice.

But life isn’t equal or fair, so what’s the best solution? Today you’ll hear some history around the idea of Wealth Redistribution and the different forms it assumes throughout history. This discussion makes several references to the Bible.

Basically you can choose from 3 systems:

  • Socialist/Communist system = Direct Redistribution by government
  • Capitalist system = Redistribution through markets, services and charity
  • Neo-Capitalist or “Crony” Capitalist = Redistribution through manipulated markets

Consider how these three systems distribute and redistribute wealth and then you’ll be able to make better sense of the wealth in your life to manage it wisely.

Resource links: https://www.life-benefits.com/podcasts/wealth-redistribution-where-the-idea-came-from-and-what-it-means-for-you/

Sep 10, 2019

Special guest Dustin Mathews from WealthFit has seen people MAKE a lot of money in the Speaking & Marketing world, but KEEPING that money is another story - they usually don’t. Yes, there are shooting stars that burn brightly for awhile and they burnout too.

 

It’s good to ask yourself, from time to time, whether you want to stay on the path you’re traveling or if, like Dustin was, you’re addicted to the search for a BIG payday that never comes. Don’t simply follow a primrose path to the detriment of real wealth in your life. Make sure you create sustainable results for yourself and your family.

 

Dustin has repurposed his life to make more time for family and the things that really matter. And he hasn’t neglected Money either because money is an important part of Wealth.

Hear how Dustin has used his whole life policy + a lesson he learned that could save you money on your next vehicle purchase.

 

Resources:

Get your cabin on the Wealth Cruise: Cruise Information here or call 702-660-7000

 

Get the McFie’s WealthFit courses here:

Wealth That Lasts - Dr. Tom McFie

Getting Out of Debt - Michele and John McFie

 

Note: When you get these courses there is an optional upgrade to access ALL courses on the WealthFit platform. If you try that, but decide not to continue after the free trial be sure to check that it doesn’t renew automatically anyway. This seems to be a technical problem which the WealthFit team is still working through.

 

Disclaimer: Life Benefits does not recommend or endorse any other WealthFit courses, content or strategies.

Mar 12, 2019

Recent questions reveal a natural perspective around using participating whole life insurance to build your wealth. Discover how policy loan interest works, what “backdating” means and what the “break-even” point means for you and your wallet.

In the second half of the show, you’ll learn the power of the Perpetual Wealth Code™ and tips for managing money in your financial toolbox.

Resources:

Definition of the 7-pay period

Dividends Explained - Podcast

Nov 6, 2018

Some people love it.😍 Some hate it.😡 Explore the value of life insurance in your financial plans and how to integrate this tool to maximize your results.

 

The Perpetual Wealth Code™ outlines a system to build a strong foundation for your financial future.💰 Today we review this system and answer relating questions from the 2018 Wealth Summit audience. 🎤

 

Missed the Wealth Summit?  Get Online Access to the Recording Here - $297

 

📞 Call 702-660-7000 to discuss your personal situation or Request a Strategy Session

 

Questions Answered in this Episode:

  • Is Life Insurance a Good Tool for Building Wealth?
  • What type of investments do the McFie’s use their policy loans for?
  • How many Bank Accounts does it take to do the Perpetual Wealth Code?
  • Can I borrow from a source to pay my policy/start my policy and then borrow from the policy to pay the loan back? ~ David
  • What about transferring 401k money to policies?
  • If someone only has 5-10 years of full-time work productivity left can this insurance concept still work for them and how? ~ Dr. Janis

 

Coming up next week: Life Insurance Made Easy

Half the battle is knowing what the new terminology means. Tune-in next week and you’ll know more about life insurance than the average life insurance agent!

 

📩 Subscribe to Wealth Talks Podcast Here »

Sep 25, 2018

Growth and expansion is REQUIRED - not optional. Trying to keep your family or business the same size guarantees only one thing - that it will shrink.

Why does the United States print the words “In God We Trust” on the currency? Is there such as thing as an “evil corporation”?

Today on Wealth Talks, Rabbi Lapin shares nuggets of wisdom to help you Grow and Protect your Wealth.

You can meet Rabbi Lapin in person when he speaks LIVE at the 2018 Wealth Summit Oct 12-14th in Las Vegas - Register here

Jun 5, 2018

A couple years ago we interviewed Rabbi Daniel Lapin on an exclusive teleconference that was recorded with limited access. Today we’re releasing this special interview on the podcast. Enjoy!

 

Listen and discover:

  • The importance of Face-to-Face connections for building wealth
  • How to make meetings matter instead of wasting time
  • The 10th Commandment for Making Money

Here are the resource links for this episode:

 

Retirement Curveball - Add to Cart

About the American Alliance of Jews and Christians

Wealth Summit 2018: www.wealthsummit.net where Rabbi Daniel Lapin will be a guest speaker

Apr 10, 2018

Moving money just for the sake of moving it doesn’t create wealth. The flow of money must create VALUE to generate good profits and true wealth.

Jan 30, 2018

Are bitcoin investors crazy? Or do they have a point? Explore the ultimate test of any currency (traditional, paper or crypto) and why government actions can have such far reaching effects on the value of the currency(s) they regulate.

Nov 14, 2017

Throughout history, governments have meddled with money and value. It’s no different in today’s world. Explore what’s going on so you’ll know how to best plan for the future and protect your savings from insidious inflation.

Jul 18, 2017

It’s been called the 8th wonder of the world and can work for you or against you. In the real world it does both at the same time. Discover what you need to know to cut bad compounding and boost the good kind.

Jun 27, 2017

Saving and Investing in the right things at the right time to Win Your Financial GAME. Why risk it all when you can start with a solid guaranteed foundation and build steadily from there?

Jun 13, 2017

Exploring elements of the Perpetual Wealth Code you can leverage to grow and protect your wealth - Volume of Interest, Velocity of Money and Free Cash Flow.  See Podcast Resources for Velocity of Money Video Example: http://www.life-benefits.com/podcast.html

Dec 6, 2016

The holiday shopping season is here again. Today we explore smart shopping tips (offline & online) integrated with The Perpetual Wealth Code™ to save you time and money.

Nov 1, 2016

Bribery and conflicts of interest are rife in Politics, Media, and Money Management.  The recent fiduciary ruling by the Department of Labor seems to be an effort to correct some of the shenanigans, but it slaps good people as well as the bad guys.  Listen and discover why the fiduciary rule will end up hurting people with small to average size portfolios.  Is this ruling the result of another conflict of interest?

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