Not Your Average Financial Podcast™

Think different about your money, your economy and your future. Be curious. Be stable. Be sane.

Episode 463: True Crime! Nascar Legend Kyle Busch’s IUL Lawsuit and Death Exposed

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In this episode, we ask:

  • Why do indexed universal life (IUL) policies so often fail?
  • How about a high profile example?
  • What about a straight-forward, guaranteed approach?
  • Why are IUL policies structured to shift massive risk onto you, the policy holder?
  • What is the real culprit here?
  • What gets more expensive as you age?
  • What are the caps and limits?
  • What are the rates?
  • What are the spreads?
  • What clips the upside on these IUL products?
  • Why are there optimistic assumptions?
  • What happens to the cash value of an IUL policy to keep it in force?
  • What did the Gottlieb study say?
  • What happens to 95% of IUL policies?
  • What will you have left?
  • Would you like to hear Episode 371?
  • Would you like to hear Episode 36?
  • Do you watch NASCAR?
  • Have you been pitched an IUL?
  • How much premium did the Busch family pour into 5 indexed universal life policies?
  • What happened?
  • Why do these policies eat themselves alive or ultimately collapse?
  • Why does this keep happening?
  • What is the problem with the structure?
  • Why are the costs so high inside of an IUL?
  • What is the index crediting trap?
  • What are caps?
  • What are spreads?
  • What about the upside?
  • What is the cost of insurance?
  • What is the myth of backtesting?
  • What about the lawsuits?
  • What happens when reality hits?
  • Are these policies designed to lapse?
  • Why do certain salesman push this sizzle (without the steak)?
  • What actually works?
  • How do Bank on Yourself® type dividend paying whole life insurance policies work?
  • Can you take non-direct recognition policy loans from an indexed universal life (IUL) policy?
  • Would you like to hear a story?
  • What’s actually true?
  • How does one build a fortress?
  • What is the whole point of insurance?
  • Does IUL transfer the risk?
  • Who can read an IUL illustration?
  • What’s wrong with the IUL contracts?
  • What is the prudent alternative?
  • Are there ever “zero years” in the Bank on Yourself® type dividend paying whole life insurance policies?
  • What happens to the cost of insurance?
  • What did Ed Slott say about IUL?
  • What did Warren Buffett say?
  • What are the big lessons?
  • What are the core takeaways?
  • Have you read Lapsed by Elan Moas?
  • Would you like to listen to Episode 381 and Episode 382 with Elan Moas?
  • What are the action items?
  • Do you or a loved one own one of these IUL policies? What are the options?
  • Would you like to meet with Mark or one Mark’s associates?

Episode 462: Ninja Belts Bonus! Kung Fu Mastery and Your Money with Phil Smith

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In this episode, we ask:

  • Have you met a Kung Fu Master?
  • Who is Phil Smith?
  • Who is the big bad banker?
  • What were some of  the first lessons on the mat?
  • What are the building blocks?
  • What about the stances?
  • What about versatility?
  • What does it take to be “kung fu” at something?
  • What is the practice?
  • Have you read Atomic Habits by James Clear?
  • What happens with 1% improvements?
  • What about compounding?
  • What happens with time and repeated effort?
  • Where does one start?
  • What about the mental and physical aspects?
  • What are some of the aspects of kung fu?
  • What about the infinite kung fu concept?
  • How does the yin yang symbol integrate into this?
  • Is a 401(k) all it’s cracked up to be?
  • What has been proven to work?
  • What looks like hard work, dressed up in overalls?
  • What’s next?
  • Would you like to meet Phil and/or Mark?

 

 

Episode 461: No. 9 The Black Belt Warning: The Real Dangers of Large Policy Loans and How to Avoid Lapse Tax

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In this episode, we ask:

  • Have we gone mad here?
  • Should we save more?
  • Should we just hope the market cooperates?
  • What is the four step process for the black belt?
  • What discipline is required to handle large loan balances?
  • What is the most important business in the world?
  • Should premiums and income match?
  • What is the black belt strategy?
  • Is it a black belt for a reason?
  • Would you like to start with capturing your monthly cashflow with No. 1 The White Belt?
  • Would you like to work with the most important people in your life, No. 2 The Yellow Belt?
  • Would you like to climb up and out on eliminating debt with No. 3 The Orange Belt?
  • Would you like to strategize to protect your retirement and business with No. 4 the Red Belt?
  • Would you like to structure a cash flow system with No. 5 the Green Belt?
  • Would you like to tackle massive expenses with No. 6 the Purple Belt?
  • Would you like to bring the generations along and up with No. 7 the Brown Belt?
  • Would you like to rise to cash flow mastery with No. 8 the Black Belt?
  • How does this actually look in practice?
  • How about some case studies?
  • Is the black belt a set it and forget it strategy?
  • Can the policy loans get quite large?
  • What happens if the loans are not repaid?
  • Will the policy collapse?
  • What is taxable as ordinary income?
  • What is phantom income?
  • What happens to the death benefit?
  • How can you prevent your warehouse from being destroyed?
  • Who are you working with to protect your wealth?
  • What did Nelson Nash say in Becoming Your Own Banker?
  • Why do they use whole life insurance as tier one capital?
  • What are the key takeaways?
  • Would you like to meet with Mark Willis, CFP®?

 

 

Episode 460: No. 8 The Black Belt Strategy: Expand Your Banking System Until It Handles 100% of Your Income

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In this episode, we ask:

  • Have you tied on your belt?
  • What is happening with the CPI?
  • Where is worker confidence listed with ABRI?
  • What is the median savings for people in the U.S.?
  • What age bracket is buying whole life insurance in droves?
  • What is the black belt?
  • Are you leaking wealth?
  • Is your wealth working for you or someone else?
  • Would you like to start with capturing your monthly cashflow with No. 1 The White Belt?
  • Would you like to work with the most important people in your life, No. 2 The Yellow Belt?
  • Would you like to climb up and out on eliminating debt with No. 3 The Orange Belt?
  • Would you like to strategize to protect your retirement and business with No. 4 the Red Belt?
  • Would you like to structure a cash flow system with No. 5 the Green Belt?
  • Would you like to tackle massive expenses with No. 6 the Purple Belt?
  • Would you like to bring the generations along and up with No. 7 the Brown Belt?
  • What did Nelson Nash say?
  • What happens to ALL of your money?
  • What does the bank do with your money?
  • Can your system accommodate your income?
  • Have you read Becoming Your Banker by Nelson Nash?
  • What will wreck your margins?
  • What is theft from yourself?
  • What about opportunity cost?
  • Who pays retail?
  • Where does your money live?
  • What is bank-owned life insurance (BOLI)?
  • How much life insurance do banks purchase?
  • How much of that banking function do you want to control?
  • How do we turn our headwind into a tailwind?
  • How do you live on less than you make?
  • What is the aim?
  • Can you expand?
  • Should your premium match your income?
  • What did Jim Conrad say in his dollar diagram?
  • What would happen if…?
  • How does the black belt work at scale?
  • Can you finance every big transaction in your life?
  • How do you eliminate the dreaded wealth transfers?
  • Who has the discipline for this?
  • Is this a set it and forget it plan?
  • How about some examples?
  • Who is sleeping better?
  • Who treats his policies like a family office command center?
  • Do you have a repayment strategy?
  • Do you have windfalls?
  • Who has self-control?
  • Who has patience?
  • When does the power come?
  • What is the significant danger to this strategy?
  • Could the policy trigger a surrender or lapse?
  • What is phantom income?
  • Who is trained and able to engineer policies for you?
  • What about business growth?
  • What about legacy?
  • Would you like to meet with Mark?

 

Episode 459: No. 7 The Brown Belt: Create a Family Banking System That Lasts Over 100 Years

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In this episode, we ask:

  • What can span three or more generations?
  • Have you considered the family office?
  • Would you like to get going with capturing your monthly cashflow with No. 1 The White Belt?
  • Would you like to advance to working with the most important people in your life, No. 2 The Yellow Belt?
  • Would you like to climb up and out on eliminating debt with No. 3 The Orange Belt?
  • Would you like to review strategies to protect your retirement and business with No. 4 the Red Belt?
  • Would you like to architect a cash flow system with No. 5 the Green Belt?
  • Would you like to tackle massive expenses with No. 6 the Purple Belt?
  • Have you heard the old proverb?
  • Do we prepare the people for the money?
  • Have you read Perpetual Wealth by Kim Butler?
  • What does this strategy involve?
  • What is tax free under current tax law?
  • What about the fund and the family council?
  • Would you like to plan and participate in an intentional family retreat?
  • What opportunities would strengthen everybody?
  • Have you crafted a family mission statement?
  • How does a family keep the fund distinct from a “family piggy bank”?
  • What will the next generation learn?
  • What about family loan requests and family fund underwriting?
  • What happens when the family approves a loan?
  • How many families don’t ever talk about money?
  • What is the reward?
  • Will your wealth be a blessing or a curse to the future generations?
  • What do Americans fear more than dying?
  • What are the takeaways?
  • Would you like to meet with Mark or one of Mark’s associates?

Episode 458: No. 6 The Purple Belt: How to Finance Massive Annual Expenses

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In this episode, we ask:

  • Why is the consumer sentiment rating in the basement?
  • What is projected to run dry?
  • What are people voting with their wallet for?
  • Would you like to begin with capturing your monthly cashflow with No. 1 The White Belt?
  • Would you like to continue on with the most important people in your life, No. 2 The Yellow Belt?
  • Would you like to climb up and out on eliminating debt with No. 3 The Orange Belt?
  • Would you like to review strategies to protect your retirement and business with No. 4 the Red Belt?
  • Would you like to architect a cash flow system with No. 5 the Green Belt?
  • Is this for the faint of heart?
  • Are you at the intermediate or advanced level?
  • What about uninterrupted compounding?
  • Are you a business owner?
  • How about an example?
  • How big are your checks to the I.R.S. every year?
  • What is growing year after year?
  • How about private school tuition?
  • What about Amazon sellers?
  • Does a policy loan have to be repaid?
  • What about property taxes?
  • What about property and casualty insurance premiums?
  • What about charitable pledges?
  • What about major annual business operating expenses?
  • How does one pay off a giant loan?
  • Should everyone listening to this do a purple belt strategy?
  • What happens when a loan meets or exceeds cash value?
  • What about the sale or 1031 exchange of real estate?
  • What about receiving a substantial inheritance?
  • What about large bonuses or commissions?
  • What about the sale of intellectual property?
  • What about receiving a lump sum?
  • What about extra income?
  • What carries real risk?
  • What is the Plan B?
  • What are the serious consequences?
  • How do we work to make sure the loan never threatens the contract?
  • Is your money working full throttle?
  • What about steady, predictable growth that you can control?
  • Is that big expense dead weight?
  • How might you benefit from the cash flowing through your life?
  • What did Nelson Nash say?
  • Do you control the financing function of your life?
  • What did Pamela Yellen say?
  • Can you weather the storms that are coming?
  • What are the takeaways?
  • Would you like to meet with Mark?
  • Would you like to join our FREE! Not Your Average Financial Community?

Episode 457: No. 5 The Green Belt: Not Just a Policy, A Cash Flow System

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In this episode, we ask:

  • Are you crossing your fingers and hoping Wall Street delivers?
  • Would you like to start with capturing your monthly cashflow with No. 1 The White Belt?
  • Would you like to follow up with the most important people in your life, No. 2 The Yellow Belt?
  • Would you like to catch up on eliminating debt with No. 3 The Orange Belt?
  • Would you like to review strategies to protect your retirement and business with No. 4 the Red Belt?
  • Does financial mastery unfold in a straight line?
  • How about a cash-flow management system?
  • How does the green belt obliterate the main-stream 0h-so-average financial advice?
  • How many policies can you get?
  • What is the key mindset shift?
  • How does one build a portfolio of policies?
  • What are the lifetime wealth leaks?
  • What happens to the 529 plan?
  • How are you buying cars?
  • What compounds into serious money?
  • What about family vacations?
  • What about investments? What about entrepreneurial pursuits?
  • What are 15 creative green belt solutions?
  • What about tuition?
  • What about vehicle and major purchases?
  • What about real estate (without a credit check)?
  • What about business expansion?
  • What about a family vacation or memory?
  • What about home renovations and repairs?
  • What about medical and health costs?
  • What about milestone events?
  • What about tax bill buffers?
  • What about opportunities?
  • What about emergency funds?
  • What about charity and legacy?
  • What about down payments?
  • What about self-insurance?
  • What about retirement and fun money?
  • What is the biggest expense staring at you right now?
  • How are you managing the cash value?
  • Does every dollar in your policy have a job to do?
  • Is the cash value untouchable?
  • Is the cash value perfectly liquid?
  • Who borrows without a real plan?
  • What about a proper buffer?
  • How does the green belt balance this out?
  • What are the buckets?
  • How can you gain total confidence?
  • How might one command their money with purpose and clarity?
  • How does the disciplined approach change the game?
  • What are the takeaways?
  • What are the action items?
  • Would you like to meet with Mark or one of Mark’s associates?

Episode 456: No. 4 The Red Belt: The Ultimate Retirement and Business Protection Strategy Most Advisors Ignore

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In this episode, we ask:

  • Are you ready to advance to a pivot point in the financial dojo?
  • Would you like to review No. 1 The White Belt?
  • Would you like to listen to No. 2 The Yellow Belt?
  • Would you like to catch up on No. 3 The Orange Belt?
  • What are we moving beyond with the Red Belt?
  • Are you approaching or in retirement?
  • Are you running your own business?
  • What are the headwinds?
  • Are you protecting a nest egg?
  • What is the retirement repositioning strategy?
  • Should you stuff every last dollar into tax deferred vehicles?
  • What is the median retirement account balance for Americans age 55-64?
  • Who is exposed?
  • Who owns your retirement account?
  • What is the forced retirement distribution?
  • What age are you forced to take these RMDs?
  • What climbs when in retirement?
  • What about 401(k)s and IRAs?
  • What about the built up tax-deferred time bomb?
  • Do you know how much you owe in tax now?
  • When should you pay the tax?
  • What if you have a shorter timeline?
  • When do you need the money the most?
  • How about a case study?
  • What is a qualified plan?
  • What does the red belt deliver?
  • Is peace of mind underrated?
  • Do you own a business?
  • What is your single biggest asset?
  • Have you heard the joke?
  • What about lines of credit?
  • Where should you route your profits?
  • How many times have you kissed the ring of a banker?
  • What does all of this actually mean?
  • Will you move into a position of total control?
  • What is the mathematical reality?
  • Who controls the financing function in your life?
  • Who sleeps better?
  • What does Wade Pfau say?
  • What is a massive I.O.U. to the I.R.S?
  • How about another case study?
  • Who wants guaranteed lifetime income?
  • Would you like to meet with Mark or one of Mark’s associates?

 

Episode 455: No. 3 The Orange Belt: the Debt SnowBank Method™

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In this episode, we ask:

  • What if it is possible to be BETTER than debt free?
  • Would you like to hear the No. 1 The White Belt and No 2. The Yellow Belt?
  • Are you debt free?
  • Is paying cash the answer?
  • What did a recent federal reserve study conclude?
  • What is the Debt SnowBank Method™?
  • What are the 5 steps?
  • How about two example cases?
  • Is your thinking short term or long range?
  • Which matters more?
  • What’s the bottom line difference?
  • Do we have to work harder?
  • Do your emergencies care if you’re in debt or not?
  • How about a case study?
  • How does one instantly create a legacy?
  • What is a trap?
  • How many months of expenses do you have ready to go?
  • So what happened to the two example cases at age 70?
  • Do you have to choose between getting out of debt and creating wealth?
  • What are some success stories?
  • Who will redirect the force?
  • What are the principles?
  • What about financial flexibility?
  • What about taxable events?
  • What is your ideal outcome?
  • What are the takeaways?
  • Would you like to meet with Mark or one of Mark’s associates?
  • Would you like to join our FREE Not Your Average Financial Community?

Episode 454: No. 2 The Yellow Belt: The People Who Matter Most – Kids, Parents and Business Partners

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In this episode, we ask:

  • Will anything else in your financial life work?
  • Did you listen and learn about the White Belt in Episode 453?
  • What is the Yellow Belt?
  • Where is real wealth built?
  • What intentional steps are you taking?
  • What about legacy level power?
  • How much does it cost to raise one child from birth to age 18 in the U.S.A.?
  • What are the problems with 529 plans?
  • What are the advantages of life insurance on children?
  • When is the best time for children to start leveraging uninterrupted compound interest?
  • How do the grandparent’s assets affect the grandchildren’s assets?
  • Where do many families tie up their wealth?
  • Who can own policies on kids and grandchildren?
  • What about the sandwich generation?
  • Who is a caregiver?
  • What happened to home care and assisted living costs?
  • Does Medicare cover long term care costs?
  • What about Medicaid?
  • How does the Yellow Belt change the game?
  • Where does the burden land?
  • What is an accelerated death benefit rider?
  • Can you get access to your death benefit while you’re still alive?
  • Who will cover the gap Medicare ignored?
  • What if the parents are uninsurable?
  • What about the liquidity?
  • Will the markets cooperate?
  • Who is prepared for the money?
  • Are you a business owner?
  • What happens when someone leaves?
  • What happens when a business partner dies?
  • Have you seen a poorly designed business transition play out?
  • What could you do instead?
  • What about cross purchase and entity purchase agreement?
  • How about liquidity and security?
  • Would you like to read The Business Fortress?
  • What are some design ideas?
  • What about 162A bonus plans?
  • How will you protect and reward the people who drive your revenue?
  • What comes with heavy regulations?
  • What will happen when the unexpected hits?
  • What beats term insurance or a sinking fund?
  • What are the key takeaways?
  • Would you like to meet with Mark or one of Mark’s associates?