Not Your Average Financial Podcast™

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

Episode 313: How to Avoid the Money Monsters of Taxes, Fees and More! with John Ensley

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to join like-minded individuals on the journey?
    Join us for the FREE! Not Your Average Financial Summit
    on the afternoons of September 6-7, 2023! Register here!
  • What do you do, after you hit rock bottom, to make sure you don’t stay there?
  • What about resilience?
  • Who is John Ensley?
  • What happened when John exited the military?
  • What happened in the late 90’s?
  • What did John learn in the early 00’s with real estate?
  • What happened in 2008?
  • What happened when John hit rock bottom?
  • What did John learn about resilience?
  • What happened when John read 100s of books?
  • What about the banking function?
  • What’s John’s journey with the Bank on Yourself® concept?
  • What does John wish everyone knew?
  • How would having a Bank on Yourself® policy have changed John’s trajectory?
  • What are the counter productive forces in a portfolio?
  • What are five the key money monsters?
    • Taxes
    • Management fees
    • Crises or crashes
    • Inflation
    • Debt interest
  • How can we neutralize or put the monsters back in the cage?
  • What about tax?
  • What’s your lifetime exposure?
  • Have you read the book, the Power of Zero by David McKnight?
  • What about fees?
  • What about cumulative fees?
  • What about reversing that?
  • What about crashes?
  • Is the market going to have “another 2008”?
  • Who can account for inflation?
  • What about interest?
  • What are some words to live by?
  • Is what we know probably wrong?
  • Do we take ourselves too seriously?
  • Would you like to talk with John Ensley?
  • What are the key takeaways?

Join us this year, as we explore
the roots behind what we’re inheriting
and how we can navigate in the future.

Who: You! + Amazing Speakers, Authors and Industry Leaders
What: The 3rd Annual Not Your Average Financial Summit
When: September 6-7, 2023; 1PM to 4:30PM CT both days
(Please adjust for your timezone.)
Where: Virtual
How: REGISTER HERE!

John Ensley is president of JEnsley Financial, a fiduciary, financial planning company and Registered Investment Advisor. John holds a Chartered Financial Consultant® designation from the American College of Financial Services and is one of an elite group of highly trained Bank On Yourself® Professionals. jumponwithjohn.com

Episode 312: The Dangerous Fine Print of Indexed Universal Life Insurance with Lester Himel

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to join like-minded individuals on the journey? Join us for the FREE! Not Your Average Financial Summit on the afternoons of September 6 and 7, 2023? Register here!
  • How about a story?
  • Would you like to hear more?
  • Would you like to hear previous episodes with Lester Himel?
  • How did Les learn about the risks of universal life insurance (UL), indexed universal life insurance (IUL) and variable universal life insurance (VUL)?
  • What about the GIC?
  • What happened in 1985?
  • What did Les learn?
  • Can you always get 10% in the stock market?
  • What is AG49?
  • What is AG49A?
  • What is AG49B?
  • What is actuarial guidance?
  • What about a hypothetical straight line example?
  • What about signing the HR clipboard or binder, wherever you find a tab?
  • When will the market go down?
  • Did you hear last week’s episode, Episode 311?
  • Will you wait?
  • Is volatility ever your friend?
  • Does the market go in a straight line?
  • What is an illustration?
  • What did the AG49 rules do to the illustrations and projections for universal life insurance?
  • What about bonuses, buildups and multipliers?
  • Is straight line a joke?
  • Are the projections of universal life too rosy?
  • What about whole life insurance straight line illustrations?
  • What is the business model for whole life insurance carriers?
  • What about dividends?
  • What about consistency?
  • What is the variability inside of a whole life insurance policy?
  • What is happening with higher interest rates?
  • What about guarantees?
  • What group comes to see Les?
  • What’s the joke?
  • Do you have to think about volatility?
  • What about IUL, UL, VUL?
  • What about the zeros?
  • What about the increasing cost of insurance year after year?
  • Will that IUL, UL or VUL lapse?
  • Will you be able to live on this in retirement?
  • What is gold?
  • Would you like to read Lester’s blog?
  • Have you heard Episode 311 yet?
  • Who refuses to sell universal life products?
  • Do these products have unnecessary risks?

Join us this year, as we explore
the roots behind what we’re inheriting
and how we can navigate in the future.

Who: You! + Amazing Speakers, Authors and Industry Leaders
What: The 3rd Annual Not Your Average Financial Summit
When: September 6-7, 2023; 1PM to 4:30PM CT both days
(Please adjust for your timezone.)
Where: Virtual
How: REGISTER HERE!

Lester N. Himel discovered the use of specific types of Life Insurance to enhance and expand the performance of investment portfolios several years ago; this after spending 28 years in a variety of positions on Wall Street. Like most financial professionals, he considered stocks, bonds and similar instruments as the core of a reasonable investment approach. In those last several years, Les has found the better way. Les comes to this field with a very broad financial background. He started as a compliance officer, worked in administration, was an institutional bond trader, developed an Emerging Markets business, and was also involved with “alternative investments”. Les prefers low risk and “guarantees”, and has an ability to simplify explanations of what, why and how. Contact Les at heiratlas.com.

Episode 311: The Troublesome Cost Time-bomb of Universal Life Insurance with Lester Himel

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to join us for the FREE! Not Your Average Financial Summit on the afternoons of September 6 and 7, 2023? Register here!
  • Would you like to travel back in time with us?
  • Do you remember the TULIP bubble?
  • What about FOMO (fear of missing out)?
  • What about herd behavior?
  • What about the psychological tricks?
  • What is anchoring?
  • What about information bias?
  • What about filtering out what we don’t want to hear?
  • What about selective listening?
  • Who is Les Himel?
  • What about universal life insurance?
  • Would you like to hear Episode 52, Episode 53, Episode 264 and Episode 265?
  • What about a little arithmetic?
  • Where is the 5% average rate of return?
  • The return was 10%… well, was it?
  • What does one need to pivot on?
  • …50% of what?
  • What is volatility?
  • Would you like to learn more from Les at 82financial.com?
  • What about universal life insurance?
  • What about the index?
  • Why does Les not want to sell universal life insurance (UL)?
  • What happened in 1978?
  • What was the original product design?
  • What becomes more expensive?
  • Is term insurance actually cheap?
  • What is the true cost?
  • What is the crediting rate?
  • What about the cost of insurance?
  • What happens then?
  • What does the insurance company reserve the right to do?
  • Who has received a dreaded UL letter?
  • What about an analogy?
  • How is universal life insurance DIFFERENT from whole life insurance?
  • What’s the likelihood of dying at age 85?
  • Will you lose money?
  • Is it possible to execute a 1035 exchange with UL to whole life?
  • What is the lapse rate of UL?
  • What does it mean?
  • Can you pay UL for a limited number of years?
  • Are you on the hook to pay premiums for life in a UL?
  • What type of life insurance is front loaded?
  • What type of life insurance is back loaded?
  • Who has been mislead?
  • What about the recent regulations?
  • What are the key takeaways?
  • Is all that glitters gold?
  • Would you get in that airplane?
  • Is this another tulip bulb mania?
  • What is the source?
  • What obligation do they have to you?
  • What is their credibility?
  • Are you being influenced by emotions or bias?
  • Are you seeking objective feedback?

Join us this year, as we explore
the roots behind what we’re inheriting
and how we can navigate in the future.

Who: You! + Amazing Speakers, Authors and Industry Leaders
What: The 3rd Annual Not Your Average Financial Summit
When: September 6-7, 2023; 1PM to 4:30PM CT both days
(Please adjust for your timezone.)
Where: Virtual
How: REGISTER HERE!

Lester N. Himel discovered the use of specific types of Life Insurance to enhance and expand the performance of investment portfolios several years ago; this after spending 28 years in a variety of positions on Wall Street. Like most financial professionals, he considered stocks, bonds and similar instruments as the core of a reasonable investment approach. In those last several years, Les has found the better way. Les comes to this field with a very broad financial background. He started as a compliance officer, worked in administration, was an institutional bond trader, developed an Emerging Markets business, and was also involved with “alternative investments”. Les prefers low risk and “guarantees”, and has an ability to simplify explanations of what, why and how. Contact Les at heiratlas.com.

Episode 310: Wealth on Any Income with Rennie Gabriel

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to join us for the FREE Not Your Average Financial Summit?
  • What is the smallest bird in the garden?
  • What about the tiny acorn?
  • What about Gutenberg?
  • How might small become mighty?
  • Who is Rennie Gabriel?
  • What was money like when Rennie was growing up?
  • What about a personal budget?
  • What about income and expenses?
  • What about coming up short?
  • What is Parkinson’s law?
  • What did Rennie learn?
  • What is A.F.I.?
  • What about attitude?
  • What about a shift in mindset?
  • What are the forms?
  • What about a net worth statement?
  • What is an asset? What is a liability?
  • What about investments?
  • What about businesses?
  • What about oil and gas?
  • What about triple net (NNN) leases?
  • What is not limited to stocks, bonds and mutual funds?
  • What about debt? What about investing?
  • How does one generate assets that are creating an income?
  • How did Rennie pay off credit card debt?
  • Which is better: paying off debt or saving first?
  • What about dividend paying whole life insurance?
  • What did Mark and Katrina do with debt?
  • How did Rennie and his wife use their dividend paying whole life policy loan feature?
  • Another revolutionary?!
  • What about having a foundation?
  • What about weird assets?
  • What about the simplest formulas?
    • Can you live on 80% or less of your income?
    • What about setting 10% aside for future income?
    • What about setting 10% aside for unexpected emergencies?
  • Why is common sense so uncommon today?
  • What does Rennie think about the school system?
  • Who is always changing the rules?
  • What is Rennie’s preference?
  • What about tax benefits?
  • What about losing privileges?
  • Do employees have choices?
  • What are some of the things Rennie is doing with the 10% for future income?
  • What about a down payment?
  • What about investing in business?
  • What about developing a tremendous income?
  • Is it too late to develop a tremendous?
  • How old is too old?
  • Who is able to develop?
  • How much should we save?
  • What is today’s average savings rate?
  • How can one develop a robust savings?
  • What about a case study?
  • What about Rennie’s TEDx talk, Building Wealth with Purpose?
  • What does money do?
  • What are the action steps?
  • What about the 10% rule?
  • What is a brain-dead way to achieve wealth and financial freedom?
  • What about the book, The Richest Man in Babylon?
  • What about the book, The Richest Boy in Athens (for ages 5-12)?
  • Do you need to review your current financial situation?
  • Who has discipline?
  • Who can make conscious decisions?
  • What about increasing savings each quarter?
  • Should I pay off my debt first?
  • Should I invest first?
  • Neither?
  • What are you relying upon?
  • How did we pay off debt? Would you like to hear Episode 75 or hear more about getting out of debt?
  • What about money?
  • What about time?
  • How does true wealth come?

Join us this year, as we explore
the roots behind what we’re inheriting
and how we can navigate in the future.

Who: You! + Amazing Speakers, Authors and Industry Leaders
What: The 3rd Annual Not Your Average Financial Summit
When: September 6-7, 2023; 1PM to 4:30PM CT both days
(Please adjust for your timezone.)
Where: Virtual
How: REGISTER HERE!

Rennie Gabriel went from broke at age 50 to multi-millionaire after learning the three secrets of the wealthy (despite failing high school math). Rennie is a TEDx speaker and now donates 100% of the profits from his books and online programs to rescue dogs and soldiers. His award-winning, best-selling book, Wealth On Any Income has been translated into eight languages.

Episode 309: How to Turn Your Savings into an Income Snowball

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to join our FREE private Not Your Average Financial Community?
  • Who is Tanisha Souza with Tardus Wealth Services?
  • What about self sustaining passive income streams?
  • What about cash flow?
  • What about home equity lines of credit being frozen, cut or called?
  • What will a banker do with that umbrella?
  • What if there was a better way?
  • What if you could become your own line of credit?
  • Would you like to hear Jack on Episode 215?
  • How is the policy designed?
  • Who is stuck to a desk?
  • What about a tailwind?
  • Where does your money live?
  • What is key to financial success?
  • What about debt?
  • What about savings?
  • Are we a nation of speculators?
  • Do we need more risk?
  • What about a thought experiment?
  • Are the average returns just a myth?
  • How fast can the airplane go?
  • What about head winds?
  • What do most people think?
  • What is nil wind?
  • What about being debt free?
  • What about tail winds?
  • Do you control the environment where your money lives?
  • How fast can you get to financial freedom?
  • What is this about?
  • Who is patient?
  • What if you could see your money grow at a faster rate every single year?
  • What if you controlled the outcome of your plan before you even started?
  • What did Mark Twain say?
  • What do you want your money doing for you?
  • What environment does the fish need?
  • What about safety?
  • What about guarantees?
  • What about penalties?
  • What about liquidity?
  • What about leverage?
  • What about tax?
  • What about privacy?
  • What about passing on to the next generation?
  • What about strategies?
  • What is Bank on Yourself® whole life insurance, and how is it different?
  • What about borrowing against the cash value?
  • What about your money doing two things at once?
  • How does one purchase big ticket items?
  • Do you take out debt?
  • Do you save?
  • Do you get uninterrupted compound growth?
  • What is the biggest risk?
  • Who is your advisor?
  • What happened to Dan Proskauer’s net worth? Would you like to hear Episode 118?
  • Am I stuck with a lifetime of premium payments?
  • What if I have a lump sum?
  • What about an example?
  • Does taking policy loans make a difference?
  • What about compound growth?
  • What does Mark love about Bank on Yourself® type whole life insurance policies?
  • What are your head winds? What are your tail winds?
  • How does Bank on Yourself® whole life insurance and the income snowball strategy fit into your financial picture? 
  • How might you use your policy as a line of credit to fund personal or business needs?
  • How about enjoying the benefits?
  • How about sharing your experience of Bank on Yourself® with friends and family?

Episode 308: How the Dollar Milkshake Theory Could Shake Up Bank on Yourself®

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to Subscribe?
  • What is 1×6(!)?
  • What is a factorial?
  • …158 digits?
  • Who wants their mind blown?
  • What about the network effect?
  • What does this have to do with money?
  • What is the dollar milkshake theory?
  • What about feedback loops?
  • What are the advantages of the U.S. dollar?
  • How does this re-enforce the network effect?
  • What about inflation?
  • What happens when the dollar strengthens around the world?
  • What about various types of life insurance?
  • What has happened with interest rates rising?
  • What about a counter-example?
  • What did the Economist article say?
  • Where does courage come into play?
  • How might you make sure you can withstand a strong dollar or a weak dollar?
  • Who has the wisdom to know the difference?
  • Would you like to post a question on our membership site?

Episode 307: What Happens to Bank on Yourself® If the Dollar Disappears?

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Who do you know who needs to hear this?
  • Will the dollar collapse?
  • Who knows the future?
  • When is the dollar at its strongest point?
  • What would it mean if the dollar collapses?
  • What about rising debt levels?
  • What about the reliance on the dollar?
  • What about fears?
  • What are the implications?
  • What is a reserve currency?
  • What about imports?
  • What about purchasing power?
  • What about interest rates?
  • What about risk?
  • What is the need?
  • Will there always be a need to trade?
  • Will there always be a need for currency?
  • What about gold?
  • How does this affect whole life insurance?
  • What happens to interest rates?
  • Are dividends forever?
  • What about Bank on Yourself® whole life policies?
  • What are the other advantages?
  • How is it easier to pay the premium?
  • What is money?
  • Why do we pay tax?
  • How old are life insurance contracts?
  • What is sound, even when the dollar is weak?
  • What is a store of value?
  • What is not a store of value?
  • What if we change currencies?
  • What are you hopeful for?

Episode 306: How to Turn Financial Turmoil into Your Opportunity

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Would you like to watch selected clips from us on YouTube?
  • What is happening with the banks and the FDIC?
  • What about non-bank banks?
  • How much uninsured assets are held in these non-bank banks?
  • Have you read David Graeber’s book, Debt: The First 5000 Years?
  • How much wealth has debt created?
  • Who is positioned to profit?
  • Who is gobbling up the little banks?
  • What is the exact issue?
  • What about fractional reserve banking?
  • Are we encouraged to speculate?
  • Who is ready to opt out of this madness?
  • What is the business of banking?
  • What is the business of life insurance companies?
  • How are the time horizons different?
  • How are the reserves on hand different?
  • What is the worst thing to happen to a banker?
  • What is the best thing to happen to an insurer?
  • Are you a year older?
  • Will you take that deal?
  • What are the insurers obligated to do?
  • Where will you park your savings?
  • What is contributing to the problem?
  • What if fractional reserve banking evaporated?
  • What would make the financial system more stable?
  • What about private lending?
  • What about dreaming of what the world could look like?
  • What could reduce stress?
  • What about the mortgage industry?
  • What would lead to more responsible lending practices?
  • Who needs an auto loan anyway?
  • What other benefits could surface?
  • Who is opting out?
  • How do Bank on Yourself® type whole life insurance policies reduce stress?
  • What about an example?
  • What about overdraft fees?
  • What about bridge loans?
  • Do you have to wait?
  • Can you choose to opt out?
  • Would you like to meet with Mark to discuss your specific situation?

Episode 305: The Reduced Paid Up Strategy

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What is better than a five star review?
  • Who needs to hear this?
  • Would you like a FREE book? Email us at hello@nyafinancialpodcast.com!
  • What about the Apollo missions?
  • When will premiums come to an end?
  • Would you like to hear Episode 293?
  • What about the contractual obligation of the life insurance company?
  • What is a maturity date?
  • What limits exist?
  • What about age 121?
  • What about actuarial math?
  • What about when the cash value matches the death benefit?
  • How is term insurance different?
  • What about an example with old fashioned whole life insurance?
  • Should I surrender a policy?
  • …Do you feel lucky?
  • Would you rather…?
  • What about an example with Bank on Yourself® type whole life insurance?
  • What is growing?
  • How do PUAs change everything?
  • What is ever increasing…?
  • What are the implications?
  • What else in the financial universe works this way?
  • What about algae?
  • What about the explosion of a supernova?
  • What did Albert Einstein say?
  • How is guaranteed growth possible?
  • Would you like to listen to Episode 197?
  • Are you forced to pay premiums forever?
  • What if you can’t pay the premiums?
  • Would you like to hear Episode 203?
  • What is reduced paid up (RPU)?
  • How does this work?
  • What are the trade offs?
  • How do different products work?
  • How about an example?
  • What continues to grow, even after he stops paying premiums?
  • What happens if he is still alive at age 121?
  • What about funding a policy for only 10 years?
  • What about retiring at age 70?
  • What about reduce paying up at age 71?
  • What will happen to the policy?
  • What will the actuarial math do?
  • What happens to the cash value?
  • How can the cash value continue to increase after RPU?
  • Who can RPU? What are the rules?
  • What about another example?
  • Does this work with lump sums?
  • What about a lifetime of tax free access to the cash?
  • What happens if one reduce pays up after a policy loan gets out of hand?
  • What about paying down a policy loan with cash flow freed up from RPU?
  • What about the restrictions on universal life contracts?
  • When will premiums need to stop?
  • Can expenses ever stop?
  • What are some of the other considerations of RPU?
  • Would you like to meet with Mark?

 

How Does Cash Value grow on a guaranteed basis? Follow along below:

 

Pay One Lump Sum ($138,000)… funds it for 5 years!

Then in year 8 Reduce Pay Up and the cash value continues growing.

 

 

 

Of course, you might not want to fully fund this policy (as seen above for life) – instead you might follow this course of action: Fully fund the policy for 10 years then pay minimally until year 20, then reduce pay up your policy:

 

 

All guarantees are based on the claims-paying ability of the insurer. Dividends are not guaranteed.

These are not complete illustrations, but general information. They do not include the load costs or surrender charges which may or may not be included in the images above. All guarantees are based on the claims-paying ability of the insurer. Dividends are not guaranteed. 

 Please review a full contract and illustration for details when considering this for your situation.

 

 

 

 

Episode 304: The Deferred Sales Trust 2.0 with Brett Swarts

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Who needs to hear about this?
  • Would you like to watch select clips on YouTube?
  • What about tax strategies?
  • What about deferring tax?
  • Is it always a good or bad idea?
  • What is the deferred sales trust or DST?
  • How does the DST 2.0 take things a step further?
  • How does the DST 2.0 work?
  • What about your team?
  • Are taxes going up in the future?
  • Who is Brett Swarts?
  • Would you like to hear Episode 181?
  • What is Brett passionate about?
  • What is a 1031 exchange?
  • What is happening in California?
  • What about a case study?
  • What is the problem?
  • What about freedom?
  • What would 1031 work for?
  • What about changes in the law?
  • How does a Deferred Sales Trust help?
  • What about Deferred Sales Trust 1.0?
  • What can you buy?
  • What about the Deferred Sales Trust 2.0?
  • What about a case study?
  • What is the estate tax exemption?
  • Do you want it into or out of the taxable estate?
  • What about inheritance?
  • Who has an estate tax problem?
  • What are the requirements?
  • Where will taxes take us?
  • What do you need?
  • What do you want?
  • How long will it take?
  • What about diversifying?
  • What happens in youth?
  • What happens after building up some assets?
  • What happens in passive income?
  • What happens later in life?
  • Who is on your dream team?
  • Is there a one-size fits all solution?
  • How can we become a force?
  • What happened in 2008?
  • What about study and practice?
  • What about nuance and rules?
  • What about mindset?
  • What about swap until you drop?
  • When are we most likely to need access to cash?
  • When are real estate prices likely at their lowest?
  • When are banks least likely to lend?
  • How many income streams do you keep?
  • What are the traps of the 1031?
  • What about flexibility?
  • What about the current wealth transfer?
  • Would you like to read Brett’s book, Building a Capital Gains Tax Exit Plan?
  • Would you like to visit capitalgainstaxsolutions.com?
  • Do you always want to pay more?
  • What happened to wealth between 2008 and 2011?
  • What about the opportunity to transfer assets and exit assets in ways that make sense to you?

The topics presented in this podcast are general information only and not for the purposes of providing legal, accounting or investment advice. On such matters, please consult a professional who knows your specific situation.

Brett Swarts is considered one of the most well-rounded Capital Gains Tax Deferral Experts and informative speakers in the U.S. He is the Founder of Capital Gains Tax Solutions, is an exclusive Deferred Sales Trust Trustee, host of the Capital Gains Tax Solutions podcast and an eXp Commercial Multifamily Broker in Sacramento, CA and Saint Augustine, FL.