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Wealth Talks

With a special emphasis on finances we talk about things that create wealth in your life. It's like a dinner table conversation once a week.
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Now displaying: Page 6
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/

Jul 7, 2021

People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places.

In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event which focuses on being Debt Free, Investing and Funding Retirement.

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

Jun 30, 2021

In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth. The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth.

While Tully’s article was directed towards the corporate world, the concept is relevant to personal finance as well.

Today on Wealth Talks, Tom and John discuss Tully’s article and how it can change your approach and success for building wealth.

Jun 22, 2021

If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner.

This show covers some general information about the different types of Buy-Sell agreements and how these agreements can be funded effectively.

You’ll discover:

  • Three basic types of Buy-Sell agreements
  • How they work
  • Some downsides and benefits to various buy-sell structures
  • Why life insurance is often used to fund buy-sell arrangements

If you have questions about structuring your buy-sell agreement, call Life Benefits at 702-660-7000.

Jun 16, 2021

10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth.

Later books, Winning Your Financial Game, Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth.

As simple as these principles are, they have drastically changed the financial well-being and lives of many who have put them into action.

Prescription for Wealth is available on Amazon: https://www.amazon.com/Prescription-Wealth-Why-Should-Rich/dp/0983475768/ref=sr_1_1?dchild=1&keywords=prescription+for+wealth&qid=1623703890&sr=8-1 and on the Life Benefits Store: https://www.life-benefits.com/store/

Order before Wednesday June 16, 2021 to receive in time for Father’s Day!

Resources:

Prescription for Wealth pdf download: https://www.life-benefits.com/prescription-for-wealth-book/

Jun 9, 2021

The step-up in basis or stepped-up basis allows property and businesses to be passed to the next generation without a tax on the appreciation.

Biden’s new tax plan depicts removing the step-up basis. Removal of the step-up basis will seriously jeopardize the financial legacy of many Americans.

Today on Wealth Talks, Tom and John discuss how we can prepare to leave a legacy in spite of this.

How to Build Sustainable Wealth – Get the book: https://www.life-benefits.com/store/

Jun 2, 2021

Poverty has always existed and always will. Despite the “War on Poverty” (the most monetarily expensive war), poverty rates in America have been steadily on the rise.

This should, perhaps, come as no surprise. Jesus Christ told us we would always have the poor among us, but that doesn’t mean we have to be one of them.

In today’s show, Tom and John discuss poverty and why it has become an obstacle to building sustainable wealth in America. 

Resources:

5hr Financial Class – Get the Recording

May 25, 2021

Recently we’ve had a few Indexed Universal Life policy contracts come across our desk for review. As part of our review process, we calculated the cost of insurance in these policies and compared it to the cost of insurance in a Whole Life product of our design.

In today’s show, Tom and John look at how these costs match up. While Indexed Universal Life may be the trendiest type of insurance, it leaves a lot to be desired.

Resources:

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

May 19, 2021

With possible changes to the tax code looming, it is likely life insurance will become an even more important planning tool for people who want to build and sustain generational wealth.

But there is a lot of negativity surrounding life insurance and those who sell it. Public opinion of life insurance salesmen is low, coming in just above that of used car salesmen.

But on today’s episode, Tom and John talk about celebrities who have much better opinions of life insurance. Some were even life insurance salesmen! Their names may surprise you!

May 11, 2021

Joe Biden is on record for stating “Americans will suffer under my administration”. Biden’s economic policies are threatening to turn out a lot like Jimmy Carter’s did in the 1970s. The good news is we can try to prepare for the future by looking at the past.

Interest rates under Carter were very high. But interest rates on policy loans, while higher than they are right now, were comparatively low. Those who recognized this, were able to borrow against their life insurance policies to capitalize on opportunities which came along. Of course, they could only borrow in proportion to how much they had put in.

Listen to the latest episode of Wealth Talks Now!

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