Are you looking to make a good investment? A great investment? What about the best investment ever? Financial speaking, whole life insurance is not an investment, it is an asset. But many of our clients say purchasing well designed whole life insurance is the best “investment” they’ve ever made.
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It isn’t often one spends $50,000 in a single day without previously intending to, but sometimes it happens. Todays on Wealth Talks you’ll hear the story and find out what “happened”.
Resources:
Building a Secure Financial Foundation:https://www.life-benefits.com/videos/how-to-build-a-secure-financial-foundation/
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.
529 plans are touted as a way to save for your children’s education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can’t use it for anything other than education. If you need to use that money for other purposes, you’ll pay a hefty penalty!
But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this.
Also on this episode: How to set your Financial New Year Resolutions in 2021
Resources:
How to Build Sustainable Wealth
If you’re interested in investment opportunities, take the time now to begin preparing and learning everything you can about the process.
For example, if you think Real Estate investing and rental properties sound interesting, then learn about the state laws, the systems and templates that you would need to have in place for this type of investment/business venture. There are some great resources online for learning about state specific laws and getting actual templates that can help you in this type of venture. Checkout this example of a Month-to-Month Rental Agreement from iPropertyManagment.
Learn about the different expenses associated with the investments you think you may want to make. Calculators such as this Investment Property Calculator on AARP can help with this process and in evaluating real opportunities when they do come along.
Anyone can lose money investing, but starry-eyed novice investors tend to lose much more than people who have enough knowledge to avoid major mistakes. Get knowledge on your side.
And regardless of the investment opportunities you want to pursue, be sure you are building a strong foundation of guarantees and liquidity before investing, because investments are always going to carry risk. Life Benefits can help you build your foundation of financial guarantees through Life Insurance. Call us for assistance at 702-660-7000.
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Risk Tolerance is a phrase that gets thrown around a lot in the typical financial world. Your risk tolerance is defined as the degree of variability in investment returns that you are willing to withstand.
But this really doesn’t specify the amount of money you are willing to risk in order to possibly make a certain amount of money. In other words, how much money are you going to gamble with?
Of course, just because you gamble with more and more money, that doesn’t mean you will make more, or even any, money in return.
Sadly, it seems that many “risk tolerance” measures are just a new-fangled way of throwing your money away. Here’s what you want to know instead: What is your Loss Aversion? Listen now to find out.
Resources: Podcast Interview with Dr. Paul Cleveland
A L Williams popularized the concept of “Buy Term and Invest the Difference” in the 1970’s. When market returns are looking good this concept seems to make a come-back even though it’s flawed with big assumptions.
They say you won’t need a death benefit when term insurance gets expensive. They say your investments will do better than whole life insurance. Maybe, and maybe not.
You want guarantees? Then you want to build a strong financial foundation with guarantees before you invest. Investing isn’t bad, but don’t throw away guarantees for speculative possibilities.
Resources:
Buy Term and Invest the Difference? - Video Example with ROR
How to Build a Secure Financial Foundation - Video with Ben McFie and a Donut Stack
You will love this entertaining and useful example of a 5% average rate of return! 😯 And you’ll never think the same way about AVERAGE returns again.
Explore how returns work in life insurance and what type of life insurance works best as a guaranteed foundation of protection and savings for your family. Information is everywhere today, but real
Knowledge and Understanding are the keys 🔑 you’ll need to win big because at the end of the day it’s not all about how much money you can MAKE, rather how much you KEEP.
Make sure you are playing the LONG GAME.
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Did you know there have been 29 market corrections of 10% or more over the last 50 years? That averages out to more than one every 2 years and this volatility can play havoc with your financial security UNLESS you build a strong foundation of GUARANTEES first.
Investment opportunities are nice, but don’t let them lure you away from building your all-important foundation. Build your foundation first and then the world becomes your oyster.
4 Steps to Wealth in order of priority = Protect, Save, Manage Debt, Invest (notice Investing comes last)
Call for your personal strategy session: 702-660-7000
Growing up in Argentina in the late 1980’s, Max Ponzone started trading currency through a local exchange with a friend at age 9. Escaping the economic turmoil of Argentina his family moved to South Africa in 1991 where it all happened again.😲
Today Max lives in the United States. He trades options and has started a company called Trade Cheetah creating a tool to manage positions and integrate investing strategies to transform the way investors, find, manage and trade stock options.
Come hear Max speak LIVE at the 2018 Wealth Summit - Register here
Disclaimer: This podcast may contain expressed views and opinions of Life Benefits, LLC its agents, representatives and/or others and is not meant to constitute advice or counsel of any kind. Life Benefits, LLC its agents, and representatives are not authorized to give investment, legal or tax advice.
So many ways to invest - so many opinions - where should you start? For most people, investing will start with things they’re already purchasing in their life. What about a home with a mortgage as an investment? Is this a liability or an asset?
What about business expansion or business ideas? What about stocks, bonds and mutual funds? What about universal life insurance tied to market performance?
Discover the keys to Sensible Investing from Day 1.
Resource Links:
Fun with Real Estate Video - Watch Here: https://www.youtube.com/watch?v=wsVBD2x2fnU
Average versus Actual Rate of Return Video - Watch Here: https://www.youtube.com/edit?o=U&video_id=K74lNg064zc
Universal Life Insurance - Podcast ep.90 https://www.life-benefits.com/podcasts/universal-life-insurance-ep-90/
Indexed Universal Life Insurance - Podcast: https://www.life-benefits.com/podcasts/indexed-universal-life-ep-147/
How Life Insurance Works - Video with Gracine McFie https://www.life-benefits.com/videos/how-life-insurance-works-with-gracine-mcfie/
More Videos on Universal Life Insurance Link to: https://www.life-benefits.com/?s=universal%20life&type=videos&order=