Not Your Average Financial Podcast

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

July 28, 2023 by Not Your Average Financial Podcast

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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?

July 21, 2023 by Not Your Average Financial Podcast

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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

July 14, 2023 by Not Your Average Financial Podcast

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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

July 7, 2023 by Not Your Average Financial Podcast

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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

June 30, 2023 by Not Your Average Financial Podcast

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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.

Episode 303: Expert Panel on Bank on Yourself® Client Stories

June 23, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

What is even better than a five star review?
Who needs to hear this?
What book does Stephen recommend?
What did Stephen’s clients learn?
What did Dan’s client do with his cash value?
What were Mark’s clients able do with their modest policies?
What did Grant’s business owner client do?
Who wants to have control of their money?
Why would a business owner choose to do a Bank on Yourself® account strategy for their employees?
What about emergencies?
What happens with 401(k)s when losing an employee?
What about taxable accounts?
What about tax free money?
What about giving the family something more valuable?
What are the benefits?
Do employees love it?
What happened with John’s business owner client?
What about the challenge to get the funding for business expenses?
What’s the update with this client’s retirement?
Who wants more policies?
What is so powerful to understand about WHOLE LIFE insurance?
What do you need today? tomorrow?
Would you like to hear Episode 86 and Episode 87?
What did Amanda do?
Who pays tax via policy loans?
What about self escrow?
How much did Amanda’s client save in fees while doing self escrow with policy loans?
What seeds did Sarry’s client plant for the future?
What about Mark’s client’s family example?
What about thinking outside of the box?
Where is it written that you have to put all of your chips on red or black to meet your financial goals?
What are the takeaways?
Would you like to connect on the FREE Not Your Average Financial Community at notyouraverage.mn.co?

This episode features a round table of
select Bank On Yourself® Professionals, including:
John Ensley (Puget Sound, WA),
Sarry Ibrahim (Chicago, IL),
Dan Morris (Daytona Beach, FL),
Amanda Neely (Cincinnati, OH),
Brandon Neely (Cincinnati, OH),
Stephen Step (Los Angeles, CA)
and Grant Thompson (Amarillo, TX).

Episode 302: [Client Spotlight] The Upton Sinclair Paradox with Nick Poppe

June 16, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Who needs to hear this?
What would you do?
Who is Nick Poppe?
What about the 4% rule?
What about guarantees?
What’s Nick’s first memory with money?
What happened in April 2020?
How did Nick learn about the concept?
What’s wrong with traditional financial planning?
Who has a firm foundation?
What about income in retirement?
What about knowing how much you have in retirement?
What about the power of guarantees?
What about commissions?
What about efficiency?
What about the messages?
Is Bank on Yourself® a scam?
What about taking unnecessary risk and stress?
What about the fees?
Would you like to hear Episode 36?
What about Nick and Brooke’s policies?
When is the best time to get started?
How many policies do they own?
How have they used the cash values?
What does Nick track on his spreadsheet?
What about the progress?
How fast did Nick and Brooke become “net worth positive”?
How is non-direct recognition, dividend paying whole life insurance an “and asset”?
What about compound growth?
What about having more options?
Would Sallie Mae help in an emergency?
What about student loan debt?
What about going in one direction?
What about peace of mind?
Which should we do first: pay off debt or save?
What is so easy?
What happens if something comes up?
What advice does Nick have?
What about looking with an unbiased mind?
Who has been taught this in school?
Who reads about this in the Wall Street Journal?
Who benefits from stocks, bonds and mutual funds?
Who wants the best for you?
Where is the financial incentive involved?
Is your money someone else’s annuity?
What is the advice you’re getting?
How do we live within our means?
What books does Nick recommend?
Would you like to read Do the Impossible by Jason Drees?
Would you like to read The Power of One More by Ed Mylett?
What about mindset?
Would you like to connect with Nick on the FREE Not Your Average Financial Community?
What are the takeaways?
What can your first job teach you?
What about salary?
What about 401(k) as a foundation?
How is your financial professional being paid? Is it front loaded? Is it fees for AUM?
How much more will you spend on fees?
Have you seen the Wolf of Wall Street?
What about tracking progress?
What about setting a goal?
What about focusing on the gain?

Both originally from South Dakota, Nick Poppe and his wife, Brooke, have been in Northwest Arkansas for the past 2 years with their 2 dogs. Brooke is an Occupational Therapist and Nick works fully remotely in the financial industry. After several years in banking and financial planning and knowing the ‘average’ financial strategies weren’t working, Nick discovered the Bank on Yourself® strategy and has implemented this Not Your Average financial strategy for the past 3 years and has experienced the peace of mind, ease, and guarantees that this strategy provides.

Episode 301: [Money Talks] Knowing When to Call a Financial Advisor

June 9, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

What is one of the most satisfying parts of my work?
When is a good time to call?
What about a story?
Are bankers gonna bank?
Are collectors gonna collect?
When is it crucial to get a second set of eyes and ears?
What about dramatically improving your financial situation?
When should you call me?
What about the unexpected times?
Are you going into debt of any kind?
Are you in the midst of a job change?
Are you retiring or considering retirement?
Did you receive or are you about to receive an inheritance?
Have interest rates changed in a substantial way?
Has the stock market changed in a substantial way?
Do you pay tax on your social security?
Do you pay the alternative minimum tax?
Did you get married?
Did you get divorced?
Did you have a child?
Did you have another child?
Did you take on an aging parent?
Did you buy a home or are you considering buying a home?
Did you start a business?
Are you in the midst of a catastrophic illness, such as a heart attack, stroke or cancer?
Did you win the lottery?
What other reasons can you think up to call us?
Would you like to call our office at 1-800-962-9141?
Would you like to book with Mark?
What did Jim Rohn say?
What about rock, paper, scissors?
How are we predictable?
How might we need to adapt?
What about an example?
How might we fix this?
Who taught you that?
How’s that going for you?
Might it make sense to ask for help?
How might we discover opportunities in the midst of obstacles?
What are the traps?
What did Dwight D. Eisenhower say?
What are the dynamics?
What did Napoleon Bonaparte say? What happened in 1805?
How might you be resilient?
What did Russ Alan Prince say?
How many actually implement the plan?
What does this mean?
Who struggles to follow through?
What about the importance of ongoing communication?
What about a giant binder?
What about a relationship?
What about planning?
What is your specific concern?
What about goal setting?
What about taking targeted action?
What about a broad overview?
What about just in case vs. just in time planning?
Are you collecting pebbles?
Are you ready to take the pebbles out of your pocket?
Would you like to make an impact?
Where do monkeys outperform market managers?
What about a divorce case study?
Would you like to book with Mark?