Not Your Average Financial Podcast™

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

Episode 275: [TOOLBOX] The Rare Commodity of Thinking and How to Do It

December 9, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_275.mp3

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In this episode, we ask:

  • What are the actual steps of thinking?
  • Do you have a process for your thoughts?
  • Do we already know it all?
  • How does one reverse engineer?
  • Have you read The Road Less Stupid by Keith Cunningham?
  • Would you like to avoid the arrival syndrome?
  • What can we improve?
  • How much money would you have in your hands right now, if you could unwind the worst three financial decisions you’ve ever made?
  • What about doing fewer dumb things?
  • What about reading and thinking?
  • What is the skillset?
  • What about taking 30-45 minutes centered around a high value question?
  • What about pain avoidance?
  • What are the core disciplines?
  • Could we all become a bit better at thinking?
  • How many arguments might we avoid?
  • How much would it improve our BMI or waistline?
  • How about adding zeros to your net worth?
  • What is the unasked question?
  • What is the right answer?
  • What is the real problem?
  • What about the right question?
  • How might I ______ …. so I can _________ … ?
  • Would you like to hear Episode 122?
  • How might you separate the problem from the symptom?
  • What are the biggest problems?
  • What about adventures in missing the point?
  • How is the root problem different from the symptom?
    • What are the possible reasons I’m noticing this symptom?
    • What is not happening, that if it did happen would cause the perceived gap to narrow or disappear? 
    • What is happening, that if it stopped happening would cause the perceived gap to narrow or disappear? 
  • Is this an easy task?
  • What about brutal honesty and penetrating questions?
  • What about checking your unexamined assumptions?
  • Where have I been substituting my opinions for real facts?
  • What do I not see?
  • What about considering the second order consequences?
    • What is the downside?
    • What is the upside?
    • Can I live with the downside?
  • What about examining the unintended consequences?
  • What about creating the machine?
  • What about the change that will close the gap?
  • What about getting closer to our desired outcome?
  • What about a new strategy?
  • How might you use the skill of thinking to your advantage?
  • How might you get to the root and take decisive action?
  • Will you sit down by yourself and think?
  • Would you like to meet with Mark?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_275.mp3

Episode 274: What Your Money is Trying to Tell You with Marty Smith

December 2, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_274.mp3

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In this episode, we ask:

  • Would you like to hear a very special presentation?
  • Is dividend paying whole life insurance the best vehicle possible?
  • Who is Marty Smith?
  • How is Marty in the belief changing the business?
  • Is the bank the best place to store your money?
  • Is the 401(k) the best place for your retirement dollars?
  • Is the 529 plan the best way to pay for education?
  • Is financing your car through the dealership the best way to pay for it?
  • What happened at the SML officers meeting?
  • What might would we do instead of a 401(k)?
  • What happened?
  • Why did you buy a dividend paying whole life insurance policy?
  • Why should you buy a dividend paying whole life insurance policy?
  • What about Nelson Nash?
  • Did Nelson Nash own 45(!) dividend paying whole life insurance policies?
  • Why don’t people buy?
  • Do most of us live our lives unconsciously?
  • Is reality hard to see?
  • What about lies, half-truths, misdirections, etc.?
  • What did Socrates say?
  • How do you become conscious?
  • How do you become aware?
  • What about thinking?
  • What happens next?
  • What about the feelings?
  • What about the intuition?
  • What about the sensations?
  • What are the clues?
  • What about examining the suffering?
  • What is the solution?
  • Is there a better way to reach my financial goals?
  • Do I have to take as much risk as I am taking?
  • What about taxes?
  • What about regulation?
  • What about inflation?
  • Why did I buy dividend paying whole life insurance policies?
  • Why did you buy dividend paying whole life insurance policies?
  • Why should you buy dividend paying whole life insurance policies?
  • What did Pamela Yellen say?
  • Is there something better?
  • What was Marty’s profound, life-changing experience?
  • What are the four simple reasons?
  • What happens when you become conscious?
  • Who taught you to put money in the bank?
  • Is the money in your bank guaranteed to grow?
  • What about negative interest rates?
  • What about disability?
  • What about a death benefit?
  • How is a dividend paying whole life insurance policy different?
  • How important is a leveraged death benefit?
  • What about cash value?
  • How much does your life insurance actually cost?
  • What is the best retirement vehicle for your money?
  • What did the creator of the 401(k), Ted Benna, say?
  • What is almost the opposite of the 401(k)?
  • What about liquidity?
  • What about increases?
  • What about tax free death benefits to leave for your family?
  • What is the best financing tool available?
  • What about collateralization through policy loans?
  • What about the growth?
  • What about control?
  • What about loan payback schedules?
  • What is the power of banking on yourself?
  • What about the power of building wealth with each generation of your family?
  • What about denial?
  • What about the clues?
  • What about suffering?
  • What should we welcome?
  • What might we examine?
  • What about thoughtful, critical actions and decisions?
  • Is dividend paying whole life insurance the best product ever created?

Marty Smith is the Regional Vice President of Security Mutual Life Insurance Company of New York. He loves Infinite Banking and Bank on Yourself Concepts, Circle of Wealth, and Wealth & Wisdom. He believes that dividend-paying, cash-value whole life insurance is the greatest financial product that’s ever been created.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_274.mp3

Episode 273: Avoid the BEAR Trap and Build Real Wealth

November 25, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_273.mp3

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In this episode, we ask:

  • Would you like to jump in together?
  • Would you like to avoid the BEAR traps?
  • Why do people continually do things that are not in their best interest?
  • What about our subconscious operating system?
  • What about subconscious beliefs about money?
  • Is money the root of all evil?
  • Who deserves money?
  • Who needs money more?
  • Is there never enough?
  • Will I lose it?
  • Will my spouse take care of me?
  • What about the BEAR trap?
  • What about beliefs?
  • What about excuses?
  • What about actions?
  • What about results?
  • What happens when people win the lottery?
  • What about hitting an upper limit?
  • What about changing our beliefs?
  • What about taking stock of actual thoughts?
  • What about writing down your thoughts about money?
  • Do you have a journal?
  • Are the rich all crooks?
  • Is your house an asset?
  • Where did each of these beliefs come from?
  • Who taught you these?
  • What about mirror neurons?
  • What did Jim Rohn say?
  • What about excuses?
  • What about the future?
  • What about core beliefs?
  • What about thinking fresh thoughts?
  • What about thoughtful and exciting experimentation?
  • What about bringing it into the real world?
  • What about the actions? What about the being?
  • What is at the root?
  • What about finding encouraging results?
  • What about celebrating an upward spiral of results?
  • Where will your potential take you?
  • Was this helpful for you?
  • Does this start with you?
  • What’s your relationship with money like?
  • Does money get spent as soon as you have it?
  • Did you jot down your thoughts about money?
  • Would you like to be pleasantly surprised?

 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_273.mp3

Episode 272: Know Where to Thrive!

November 18, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_272.mp3

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In this episode, we ask:

  • Do you truly have to deal with market losses?
  • Is there anything we can do?
  • What are the choices?
  • What has changed?
  • What would money look like if it were easy?
  • Why is money in your life?
  • What’s more important than money?
  • What about the power of the contract?
  • How might contracts protect you?
  • What contracts have guarantees?
  • What about Bank on Yourself type whole life insurance contracts?
  • What about a liquid bucket of money?
  • What about borrowing against the cash value?
  • What about uninterrupted compounding?
  • What about some examples?
  • What happens to your life savings in the market?
  • Will the money last as long as you do?
  • What about inflation?
  • What about pensions?
  • What modernized annuities?
  • What is a retirement account with airbags?
  • What about monthly income instead of net worth?
  • What is the history of annuities?
  • What is the difference between variable annuities and fixed annuities?
  • When do you want your income to start?
  • What about immediate annuities versus deferred annuities?
  • What about growth?
  • What happens when you run out of money? Will you run out of income?
  • What about old fashioned annuities?
  • What about new riders?
  • What about increasing income?
  • What about death benefits?
  • What about combining Bank on Yourself type whole life insurance with fixed income annuities?
  • What about making a contract with your financial future?
  • What about age?
  • What about health issues?
  • What about modest means?
  • Do you know where to thrive?
  • Is applied knowledge power?
  • Is your advisor a Bank on Yourself professional?
  • Would you like to meet with Mark?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_272.mp3

Episode 271: Are you with Bobby Bonilla?

November 11, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_271.mp3

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In this episode, we ask:

  • Are you ready for the season of your life where income stops but expenses continue?
  • What did the Ubiquity Retirement Savings Group and the National Today Data Science team survey?
  • What did they learn?
  • Who has 5K saved?
  • Who will be able to maintain their standard of living in retirement?
  • Who will outlive their money?
  • How much do we pay in medical costs and healthcare?
  • What are some fun, practical and simple ways to maximize your retirement income?
  • Who is Bobby Bonilla?
  • How did Bobby Bonilla structure his compensation?
  • What is a deferred income annuity?
  • Who else in the MLB is taking streams of income in retirement?
  • What is social security?
  • What about financial entertainers?
  • What about a case study?
  • Would you like to learn about the Income Maximization Strategy by hearing Episode 83?
  • What about mutual funds?
  • What about ETFs?
  • What about crypto?
  • What about real estate?
  • What about true retirement security?
  • What about Bank on Yourself type whole life insurance policies and annuities?
  • What about permanent guaranteed income?
  • What did the Wall Street Journal say?
  • What did AARP say?
  • Why is this not a default option?
  • How are annuities an insurance contract?
  • What about your retirement?
https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_271.mp3

Episode 270: Mapping the Financial Heart with Jason Bleick

November 4, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_270.mp3

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In this episode, we ask:

  • How does stress affect health?
  • What happens when you lose your health?
  • What happens when you lose your wealth?
  • Who will experience a wealth shock?
  • What about the research from the University of Georgia?
  • Who is Jason Bleick?
  • What did Jason notice in the health care system?
  • What did Jason learn about money?
  • What was Jason’s turning point?
  • What about money mindset?
  • What happened?
  • What about fear, stress and anxiety?
  • What is the number one cause of stress?
  • What are the costs of extreme stress?
  • How might we deal with the root cause?
  • What questions should people ask?
  • What about volatility?
  • What about safety?
  • What about predictability?
  • What about mental state?
  • What about a behavior change?
  • What about liquidity?
  • What about saving?
  • What about alternative words for budgeting?
  • What about Bank on Yourself® type whole life insurance policies and stress?
  • How much do you need to get back to even?
  • Do you have a mentor?
  • What melted away Jason’s anxiety and stress?
  • What about real estate?
  • What about franchises?
  • What about health in a financial planning philosophy?
  • What do you want your money to do for you?
  • Why are pigeons wealthy?
  • Would you like to join us in the FREE Not Your Average Financial Community?

Jason Bleick is a wealth strategist, real estate investor, and a man on a mission to help people reduce their financial stress, and change their money mindset, so that they can make more of an impact in the world and leave a legacy.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_270.mp3

Episode 269: Now is the Time to Buy Your Future Income with Nick Ku

October 28, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_269.mp3

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In this episode, we ask:

  • Are you busy enough?
  • What does F.I.R.E. stand for?
  • What about multiple streams of income?
  • What about intergenerational wealth?
  • Who is Nick Ku?
  • What is Nick’s career journey?
  • How did Nick discover Mark?
  • What is Nick’s side gig?
  • What about making it and the American dream?
  • What about diversification?
  • What about business ownership?
  • What about risk?
  • What about Bank on Yourself® type whole life insurance policies?
  • What about liquidity?
  • What about helping out family?
  • What about a trifecta?
  • What about business life insurance?
  • What about key man (key employee) life insurance?
  • What about the family system?
  • What about spreadsheets?
  • What about annuities?
  • What about peace?
  • What about thinking ahead?
  • What about being at the mercy of market timing?
  • What happens with market volatility?
  • What about retirement timing?
  • What amount do you need to live comfortably in retirement?
  • What about averages?
  • What about income generators?
  • What is the most efficient income generator that Mark can find?
  • What about age?
  • What about having fun?
  • What advice would Nick give someone just starting out?
  • What resources do you have access to?
  • Who has an excuse?
  • What about increasing your financial literacy?
  • Are annuities only for older people?
  • When do you want to start buying your future income?
  • What about income streams?
  • What about death benefits?
  • How does Nick intend to use his policy in the months and years to come?
  • What about the fear in the market?
  • What about tremendous opportunities?
  • How might one make their dollar work hard for them?
  • What about paying back policy loans?
  • What about compounding?
  • What is extraordinary?
  • Do you understand your why?
  • How do you find your why? How do you understand it?
  • Would you like to hear Episode 65?
  • How did Nick think long range?
  • Aren’t annuities just for older people?
  • What about being younger?
  • What about protecting your money from future market abuse?
  • What about additional benefits?
  • How are you thinking long range?

Nick Ku is a Brazilian Jiu-Jitsu and F.I.R.E enthusiast. He is a life long learner, navigating life with his wonderful and beautiful family. Nick has a passion for helping others.  

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_269.mp3

Episode 268: The Three Phases of Wealth and the One We All Forget [Expert Panel]

October 21, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_268.mp3

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In this episode, we ask:

  • Who would you call?
  • What about years of combined experience?
  • What about accumulation?
  • What about distribution?
  • What about that phase in the middle?
  • Would you like to listen to and learn from this panel?

Reach out to anyone on this panel:

Amanda Neely 
Brandon Neely 
Kristin Colca 
Marc Beshears 
Marvin Bulas 
Ryan Fleming 
Steven Step 
https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_268.mp3

Episode 267: The Federal Reserve vs. Your Fractal Reserve (Part 2)

October 14, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_267.mp3

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In this episode, we ask:

  • Are dashboard lights flashing red on the economy?
  • What makes the economy go up and down in the first place?
  • What about money?
  • What about saving?
  • What happens when the banks have more funds to lend?
  • What about the changes in interest rates?
  • What about long term decisions?
  • What happens when things go terribly wrong?
  • What is artificial?
  • What about overspending?
  • What about sustainability?
  • What about manipulating interest rates?
  • Which scenario are we living in now?
  • Who is spending on junk?
  • What did Ludwig von Mises say?
  • Have we become drunk with low interest rates?
  • What about an artificial boom?
  • What about pushing a beach ball down under water?
  • Who is the villain?
  • How does one discover true freedom from the banking system?
  • How is banking core to the human experience?
  • What about fractal banking?
  • How fast do banks loan out your deposits?
  • What did the Fed worry about in 2020?
  • Is there hope?
  • Would you like to meet with Mark?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_267.mp3

Episode 266: The Federal Reserve vs. Your Fractal Reserve

October 7, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_266.mp3

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

  • What is the average retirement age for many Americans now?
  • Are people retiring later?
  • What is the average income and average net worth of these Americans?
  • How much?
  • What or who is the wizard behind the curtain?

Thanks to Tom Woods and the many historians and economists I cite in this episode!

  • What was the original job of the Federal Reserve?
  • What does flexible mean in the context of currency and the Federal Reserve?
  • What are shadow economics?
  • What happened in December of 1913?
  • What has happened with inflation?
  • How was the Fed originally created?
  • Would you like to hear Episode 56?
  • Are we now in a better place?
  • What did Christina Romer discover?
  • What about the frequency, length and duration of recessions?
  • What about price stability?
  • What about deflation?
  • What about output volatility?
  • What did Richard Timberlake say about monetary history?
  • What happened in the 19th century?
  • What about the gold standard?
  • What about the bank panic of 1819?
  • What was Thomas Jefferson’s plan?
  • What about the panic of 1873?
  • What about the gilded age?
  • How was life different for people born in 1860 vs. 1890?
  • How did prices drop?
  • How did America transform?
  • When was the gold standard restored?
  • What was unit banking?
  • How did the farming calendar affect the bank?
  • What about artificial fragility?
  • How was Canada different?
  • Could the U.S. have avoided bank panics?
  • What did Milton Friedman say?
  • Was the Fed successful at stopping bank panics?
  • What about deposit insurance in 1934?
  • …How many banking panics?!
  • Was the Fed not prepared to handle it?
  • What is the Cantillon effect?
  • How does money creation affect people differently?
  • Where are the top 5 wealthiest counties in the U.S.?
  • What about moral hazard?
  • Should prices fall?
  • What about goods and services?
  • What do banks create?
  • What about fractional reserve notes?
  • What about savers?
  • What about losing out due to inflation?
  • What about investments?
  • What about holding on to your cash?
  • What about maintaining your purchasing power?
  • Is this working?
  • How do we escape the boiling pot?
  • How might you take steps to increase your own money supply?
https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_266.mp3
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