Failure is an event, not a person.
Its important to learn from our failures, and other peoples failures. This allows us to re-channel our energy and put ourselves in a better position for the future.
đź“„ INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/infinite-banking-made-simple-binder/
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From the Charlie Kirk memorial event, to listening in on one a Jim Cramer show, IBC and everything in between. Join us for our round the table discussion on all the above topics.
đź“„ INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/infinite-banking-made-simple-binder/
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Albert Einstein famously said, "Imagination is more important than knowledge." This is because being able to be think outside the box allows you to move beyond what is known, and discover or create new things.
Infinite Banking is an exercise in imagination. Infinite Banking allows you to use your money while it is still earning and growing. It allows you to recover money that would otherwise be lost paying interest to the banks. Using Infinite Banking allows you to get ahead in life.
Listen to this episode to boost your imagination and help you use Infinite Banking better!
đź“„ INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/infinite-banking-made-simple-binder/
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In this podcast episode, Tom, Michele and John talk about what Sherwood from Royalty Auto Service is doing for one of their customers.
The customer got taken advantage of and paid way to much for a car that had problems, Royalty Auto didn't just fix her car, they helped raise money for her to use to buy a better car!
Now they are taking her car shopping and they want to put her in touch with a financial advisor to help her manage the money everybody gave her.
They are really going the extra mile to look out for her. Tom Michele and John talk about some of the things this customer could do with the money to keep it safe, make it grow and improve her life.
This is an example of how social media can be used for good. What a story.
đź“„ INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/
Here are some highlights from our recent live seminar Infinite Banking Made Simple. One of the seminar attendees wrote: "Anyone can benefit from this [the Infinite Banking Concept] if they can wrap their mind around it." She is right!
Go here to get the Infinite Banking Made Simple Binder for free: https://mcfieinsurance.com/
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đź“„ INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/
Today we are discussing the biggest financial mistakes that we see people make. It is our hope that by discussing these financial mistakes you can avoid making them yourself.
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Business owners have the opportunity to use the Infinite Banking concept and Whole Life Insurance in some very creative ways to benefit their business.
We're going to talk about how one company is using whole life insurance to create a very nice financial arrangement for the owners.
Listen and Enjoy!
Dry Cleaning equipment: https://www.sankosha-inc.com/dry-cleaning-equipment.php
Today we have Anna, in the studio with us, to discuss how she has built her baking business from scratch, no pun intended, and to discuss some of the challenges and problems she has faced along the way. We also are of course going to sample one of her famous treats.
Anna's business, Bread and Butter baking, makes sourdough bread, cookies, cakes, pies and cinnamon rolls.
You can also watch the video of this episode on Youtube: https://youtu.be/Yx7DqS6WZHg
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
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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Watch on YouTube: https://youtu.be/VjQg5RPgEok
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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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
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
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
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Watch on:
YouTube: https://youtu.be/Gw6hiKngqv0
In our family’s Christmas gift exchange this year we have a $20 limit. We drew names last month and the rules are that the drawing results are confidential and you can’t spend more than $20 on the gift you buy.
In this Bonus Christmas Podcast we discuss how putting a financial limit on our family gift exchange increases creativity.
0:00 Intro.
1:19 John's most memorable gift.
3:47 Why a financial limit on a gift exchange is useful.
12:15 When can a good gift be a bad gift?
15:13 John blows a train whistle.
15:56 Last minute Christmas gift ideas.
19:03 American inventions.
20:55 How to help children develop creativity.
Resources:
The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE
A good train whistle :) if you're buying a gift for someone who loves trains: https://amzn.to/41xU6uA
The book Michele bought Tom last year: https://amzn.to/3trwqv3
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Listen on:
Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163
Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8
We share our reasons for moving from Nevada to Indiana and the financial implications of switching houses.
We talk about:
Buying our new house while selling our old house
Our backup financing plan
Why we paid cash for the new house
God's timing
Freedom and politics
Resources:
The Wise Man Foolish Man card game, buy it here: https://amzn.to/41iOTGE
Follow along:
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Listen on:
Youtube: https://www.youtube.com/channel/UCNxtmtcy-NGobVMvuO9sjBQ
Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163
Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8
Bad economies rear their ugly head fairly regularly, and while they cause damage to almost everyone, the hardest hit are those who haven’t prepared, or don’t know how to prepare for hard times.
When the economy is booming, it’s easy to think you have everything figured out financially, but during a downturn you better have your ducks in a row, or it could take you under.
Making large financial decisions can be difficult. It’s one thing to analyze the facts once you have them, but sorting through countless opinions looking for facts can be exhausting and overwhelming.
Instead of researching every financial decision, some people like to find a person or expert they mostly agree with, or believe is knowledgeable, and follow their every advice. This may seem easier at first, but often it leads to major financial problems.
Resource Links:
A Biblical Guide to Personal Finance
Over the last few years things happened in our nation like we’d never seen before. Almost overnight industry stopped, businesses shuttered their doors, shopping centers were empty, and highways deserted. What started out as a temporary 2 week pause dragged on and on. And suddenly the possibility of losing one’s job became very real for many people. What would happen to you and your family if you lost your income? Are you prepared financially? Listen now to Wealth Talks.
Resource Links:
A Biblical Guide to Personal Finance
What started out as a strange new game in the 1960s, the result of a lost shuttlecock on a family vacation, has suddenly caught on. Pickleball is rapidly growing across America as many people try the sport and then find they can’t stop playing. If you’ve never played, you might find this hard to believe, but pickleball principles can help you financially too! Listen now on Wealth Talks.
We’ve been gaslighted a lot by our government over the last few years. Remember how often we were told “Follow the Science” or “Don’t question the Science”?
Of course, questioning the science should only improve the science, but this can also be dangerous as Galileo discovered with his famous experiment, for which he was persecuted.
This can happen in other areas of life too, even when it comes to financial promotions. Getting gaslighted or even ghosted are part of life and this won’t be changing anytime soon. When you tune your discernment to pick up reality from noise, then you can make decisions to improve your life and your financial results.
Many people set new goals for the new year, but sadly, many people will never make those goals because of poor planning, or even worse, no plan at all. Do you have a good financial plan? This is an episode you will probably find useful as you make plans for 2023. You’ll also hear about the trouble we ran into on the hunt in late October.
Resources: Life Benefits Store
Researchers estimate raising a child will cost you 225,000 dollars! This cost does not include any private education, or a college degree... perhaps it isn’t surprising that Americans are having less children. But does raising a child really cost $225,000? Tom and Michele McFie have raised 8 children and they don’t agree with this research. Listen to the episode now.