Not Your Average Financial Podcast™

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

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

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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:

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

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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?

Episode 266: The Federal Reserve vs. Your Fractal Reserve

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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?

Episode 265: How to Get True Uninterrupted Compound Growth with Lester Himel

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In this episode, we ask:

  • Is there truly nowhere to hide? Would you like to join us THIS WEEKEND for the FREE Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1, 2022? Login or Join the FREE membership community to Reserve Your Spot!
  • Would you like to hear Part 1 of my interview with Les in Episode 264?
  • Would you like to hear more from Les on Episode 52 and Episode 53?
  • What about compound growth?
  • Who understands the (uninterrupted) exponential function?
  • When I’m 75, 85, 95 years old… how am I paying my bills?
  • What is the 4% rule?
  • Is it 2.8% now?
  • Did your guru disappear?
  • How do Bank on Yourself® type whole life insurance policies develop compound growth?
  • What is a paid up addition (PUA)?
  • Why do I need the extra life insurance?
  • What buys paid up additions (PUAs)?
  • Who wants to participate?
  • Is that oak tree dropping acorns?
  • How are paid up additions like acorns?
  • What about the dividends?
  • What about guarantees?
  • What about solid results and simplicity?
  • Would you like to visit heiratlas.com?
  • What are the stages?
  • What is accumulation?
  • What is stabilizing?
  • What is distributing?
  • What provides actual compounding and consistency?
  • Is there a world where you can ignore the stock market?
  • We’d love to have you join us TODAY for the FREE Not Your Average Financial Summit!

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 264: What Will You Do When You’re 82? with Lester Himel

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In this episode, we ask:

  • Would you like to join us for the FREE Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1, 2022?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Who is Lester Him?
  • Would you like to hear Part 1 of this interview today?
  • Would you like to hear Episode 52 and Episode 53?
  • What about volatility?
  • Should we be using the standard vehicles?
  • What did Les find?
  • What happened with the S&P?
  • Why such a big difference?
  • Are the results fact or fiction?
  • What about stocks, bonds and mutual funds?
  • According to the U.S. Census Data, what is the average net worth of an American over age 65? What is their income? How long will that last? Is this what they expected?
  • What has the stock market done over the years?
  • How has volatility affected the results?
  • How is the income in your working years like a shield?
  • What happens when the working income is gone?
  • Who is in the have nots and who is in the have yachts?
  • What is the difference in the word return vs. the word change?
  • What are the gurus paid to do?
  • What is the definition of compound growth?
  • Does the stock market give compound growth?
  • Does the bond market give compound growth?
  • What’s the difference between growth and compound growth?
  • How is compound growth like acorns coming off an oak tree?
  • Do bonds and mutual funds compound?
  • What is yield to maturity (YTM)?
  • What about simple interest?
  • What about making a distinction?
  • Do you have the capacity to do the work?
  • What are the two catches?
  • What did Albert Einstein say?
  • Would you like to join us for Part 2 of this interview next week?

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 263: Be Unconstrained with Myles Wakeham

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In this episode, we ask:

  • Would you like to join us for the 2022 TWO DAY Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1, 2022?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Does it make you stronger?
  • What would happen if you earned it all and lost it all?
  • What control do we have?
  • How might we react to our circumstances?
  • Who is Myles Wakeham?
  • How was Myles raised?
  • What about the real world?
  • What happened when Myles moved to California?
  • What challenges did Myles encounter?
  • What made Myles want to try again?
  • What happened in 2001? …2008?
  • What can you create?
  • What about contrarian views?
  • Why can’t we send money at the same speed as sending email?
  • What about the surfer mentality?
  • What about balance?
  • What about building to meet a need?
  • What about courage and confidence?
  • When are we at our best?
  • Would you like to learn more about Myles at beunconstrained.com?
  • Do the rich have jobs?
  • Do you own assets?
  • What about dividends?
  • How can you get out of reactive despair?
  • How can you be your own ____?
  • What about catching the wave?
  • Who owns the assets?

Myles Wakeham is an Australian who migrated to the USA in 1989 and has since become a multi-millionaire, lives a 100% free and unconstrained life, no job, etc. yet never graduated high school, let alone went to college.  He is a self-made business focused technologist, who was one of the early members of biotechnology corporation Amgen (now largest Biotech company in the world), has made his fortune on Bitcoin since 2011, and owns a portfolio of rental properties.  Myles was one of a few survivors of a massive auto accident in the outback of Australia in the 1990s, which forced him to question life, purpose, and direction.  Since rebuilding himself from that, he knows how to handle and mitigate adversity (including taking advantage of medical tourism all over the world for major surgeries), and he has honed those skills to live a life unconstrained.

Episode 262: Don’t Make This Hard! 13 Crucial Questions about Money with Doug Peacock

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In this episode, we ask:

  • Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Did you do what you were supposed to do?
  • Who is Doug Peacock?
  • What is Doug’s story?
  • Why does Doug work with the guarantees inherent in whole life insurance?
  • What are the 13 Crucial Questions?
  • Is it truly your money?
  • Do you know what the future value of that money will be?
  • What happened in 2008?
  • Does your money get to set a new time high, every day?
  • Would you like to hear Episode 197?
  • Does your current financial storehouse generate additional income for you?
  • Are you an owner?
  • Did people receive dividend checks in the Great Depression?
  • If you have unlimited access to your cash for your lifestyle needs or your business needs as much as you want? 
  • Are brokerage accounts liquid throughout your lifetime?
  • What about home equity lines of credit (HELOCs)?
  • Can you leverage your money in your favor and still earn interest on it? 
  • Can you control the repayment terms of the loan with your current bank?
  • What about employee retention and new hires?
  • Do you think taxes going up, going down or staying the same?
  • Do you want to pay taxes on the seed or the harvest? Do you want to pay taxes on a little or a whole lot?
  • Is a dollar worth more today or tomorrow?
  • What is the status of 95% of 65-year-olds, financially speaking?
  • Do you want someone else to hire away your best employee because of your benefits?
  • Do you want to pay more taxes?
  • Do you want the courts to tell everyone where your money is going after you die?
  • Do you want your competitor to be able to take advantage of opportunites that you cannot, because you couldn’t come up with the money? 
  • Do you want some of money to be locked up when you try to leave your money as a legacy?
  • Do you have a guaranteed exit strategy from your business? 
  • Is this hard?
  • Would you like schedule with Doug at peacockwealthgroup.com?

Doug Peacock spent 38 years as a high school teacher and football coach. He tried to retire the traditional/conventional path, and things didn’t work out like he was led to believe. He learned that other teachers and coaches were having the same conversation. Doug literally watched his 403(b) become a 203(b) twice in the last decade of his teaching career. He knew there had to be a better way, so he started learning how wealth really works.

Episode 261: The 401(not OK)?

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In this episode, we ask:

  • Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
    Login or Join the FREE membership community to Reserve Your Spot!
  • Has anyone’s 401(k) been a ravishing success?
  • What did Ted Benna do?
  • What is the hope and prayer?
  • What is the best case scenario for a 401(k)?
  • What about salary deferral?
  • Will you be alive in 20 to 30 years?
  • How much of it belongs to you? How much of it belongs to Uncle Sam?
  • What about tax changes?
  • Why a default retirement strategy?
  • Who benefits from that advice?
  • What about the employee match?
  • Is this magic?
  • Is this income redirection?
  • What buys groceries?
  • What is a vesting schedule?
  • How many companies provide immediate vesting?
  • How many people lose the employer match?
  • How many years on average do people stay?
  • How does your brain react?
  • How many people get paid in a 401(k)?
  • What is revenue sharing?
  • How many people get paid before you do?
  • What about mutual fund returns?
  • What about reporting?
  • What is the true cost of the fee?
  • What about “beating the market”?
  • How many fund managers underperform the market?
  • What about unicorn market returns?
  • What index are we looking at?
  • Will your plan come to fruition?
  • What are the realities of the returns?
  • What is the actual returns?
  • Does the rate of return in one’s 401(k) include one’s contributions?
  • What about tax?
  • What about dividend paying Bank on Yourself® type whole life insurance policies?
  • Would you like to hear Episode 206?
  • Would you rather pay your tax on the seed or the harvest?
  • Would you like to discuss your specific situation? Schedule a time
  • Who needs to hear this?
  • Would you like a FREE book? Email us at hello@nyafinancialpodcast.com

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.

Episode 260: Life Transformation through Contractual Wealth with Chris Prefontaine

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In this episode, we ask:

  • What about participating in real estate without using banks?
  • Who is Chris Prefontaine?
  • Would you like to hear Episode 125?
  • What about buying and selling real estate on terms?
  • What is a lease purchase?
  • What about dealing with banks?
  • What about generational wealth?
  • What about life transformation through contractual wealth?
  • What about the Wicked Smart community?
  • What is the Summer of Deals?
  • What is the September Quantum Leap System event?
  • What is the Wicket Smart Quick Start?
  • What about the Wicket Smart Summit?
  • What is the Genius model?
  • What about mindset?
  • What about skillset?
  • What about systems?
  • What practices does Chris implement to spur on growth?
  • What about meeting rhythm and culture?
  • What about the personal policies?
  • What about vetting someone?
  • What about wealth stacking?
  • How does one manage variable paydays with lump sums?
  • What is happening in the real estate space?
  • How do you know a real deal?
  • What about the books?
  • Would you like to visit the website to receive the books?

Chris Prefontaine is the best-selling author of 2017’s Real Estate On Your Terms and this year’s The New Rules of Real Estate Investing. A real estate investor with over 27 years of experience in the field, Chris is the founder of Smart Real Estate Coach ·- and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim, and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team. Chris and his family believe strongly in giving back to the community. They currently support Franciscan Children’s Hospital in Brighton, MA, 3 Angels Foundation in Newport, RI, and the Wounded Warrior Project by giving a percentage of all deals to those causes.

Episode 259: The Top Ten Keys to Becoming Your Own Banker with Marty Smith

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In this episode, we ask:

  • What is the most important business in the world?
  • Who is in the banking business?
  • Who is Marty Smith?
  • What about a Marty Smith trilogy?
  • Where has Marty and his wife been living for 46 years?
  • How long has Security Mutual of New York been in business?
  • What are the flagship products for Security Mutual Life Insurance Company (SML)?
  • What about Nelson Nash?
  • What about the death benefit?
  • What about building cash value?
  • What is a wonderful combination?
  • What is the biggest hurdle?
  • What about education?
  • How many days since the last paradigm shift?
  • What is the infinite banking concept?
  • What about the book, Becoming Your Own Banker by Nelson Nash?
  • Who was Nelson Nash?
  • What about Austrian Economics?
  • What about forestry?
  • How far into the future do you think?
  • What about real estate investing?
  • What about being a pilot?
  • How does money actually work?
  • How do you think?

What are the top ten keys?

1. What is the most important business in the world?

  • Banking

2. What is banking?

  • Where some one or organization controls a pool of money

3. What about the one pool of money?

  • It applies to everyone

4. What about the reality of financing everything you buy?

  • You either pay interest to someone
  • Or you give up interest you could have earned by paying cash

5. What about the alternate use of money?

  • Opportunity Cost

6. What is the real problem?

  • Paying roughly a third of income on interest, fees and charges

7. What about the need for finance?

  • Probably greater than the need for life insurance protection

8. What about better control over principal and interest for big ticket items?

  • Cars you own,
  • major appliances,
  • education,
  • housing,
  • down payment on a house,
  • investment opportunities,
  • business equipment and inventory

9. What about creating a system of finance?

  • Using dividend paying cash value whole life insurance
  • (NOT Universal Life (UL), NOT Variable Life (VL), NOT Indexed Universal Life (IUL))

10. What about a major paradigm shift? Do you understand how money works?

  • It requires a major paradigm shift
  • A personal wealth building strategy
  • What about the book Debt: The First 5000 Years by David Graeber?
  • Who do you want to be in control?
  • Would you like to hear a story?
  • Is banking a problem?
  • What is the solution to the problem?
  • What would change?
  • What about increased freedom and joy?
  • What about being financially independent?
  • What about a personal wealth building strategy that actually works?

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.