Not Your Average Financial Podcast™

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

Episode 247: Post-COVID Money Pivots with Amanda Neely

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Who is Amanda Neely?
  • Would you like to hear Episode 113?
  • How about an update?
  • What happened with Amanda’s client?
  • What about scenarios for the future?
  • How did the life insurance companies fair over the last two years?
  • How about some updates?
  • What happens?
  • What about stock market volatility?
  • What about a real life case study?
  • What about tax?
  • What about short term capital gains?
  • What about long term capital gains?
  • What about the book, Sacred Economics?
  • What about averages?
  • What about predicting outcomes?
  • What about stress tests?
  • What about insurer stability?
  • What about worry?
  • …compared to what?
  • What about group life insurance?
  • What about death claims?
  • How did the life insurers fare the pandemic?
  • How did they handle the turbulence?
  • What happened in 2008?
  • What happened in 2020 and 2021?
  • What about property and casualty insurance companies?
  • What about the preparedness of the entire industry?
  • What did Mark hear from the insurers, when times were tight?
  • What about making a commitment?
  • Why is it important to pick the right company?
  • What about companies demutualizing?
  • What about company ratings?
  • What are the powerful forces that shape our future?
  • What about governments?
  • What about wealthy individuals, families and corporations?
  • What about money printing?
  • What about money supply?
  • What about international conflict?
  • Would you like to hear more with Amanda on the Wealth Wisdom Financial podcast?

Amanda Neely is a financial professional who uses her years of experience in business growth to develop personalized financial strategies for individuals, couples, and entrepreneurs. She works with people to find their unique path to financial freedom.

Episode 246: Chaos, Plinko Boards and Your Financial Future

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Have you ever seen a double pendulum?
  • Have you ever played Plinko?
  • What about quantum mechanics?
  • What about the bell curve?
  • What about emerging patterns?
  • What about statistics?
  • What about Sir Francis Galton?
  • What about order out of chaos?
  • What about Monte Carlo simulations?
  • Can you unwind a portfolio in real life?
  • What about the power of large numbers?
  • What about the power of the insurance company?
  • What would it be like if you knew the outcome of your financial plan before you even started?
  • What if you could predict this with a high degree of certainty?
  • What happened when Mark started a new policy recently?
  • What about life’s milestones?
  • How does it feel?
  • Will you go back to work in your 80s?
  • What about offloading your problem?
  • Who will make it to age 100?
  • What about certainty?
  • What about the stock market?
  • What about motivated reasoning?
  • Should we be so certain?
  • What about being wrong?
  • What about a soldier mindset?
  • What about a scout mindset?
  • What about probabilities and ranges of outcomes?
  • What is your personal financial goal?

Episode 245: The Truth About Reverse Mortgages with Tim Foor

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Do you have a visceral reaction to certain words?
  • Who is Tim Foor?
  • How did Tim become a loan officer?
  • Would you like to hear Episode 157?
  • Does Tim own Bank on Yourself® type life insurance policies?
  • What does Tim think about Bank on Yourself®?
  • What about mixing Bank on Yourself® type whole life policies and mortgage strategies?
  • How does Tim help activate home equity towards the client’s advantage?
  • What has happened to home values?
  • What about a tax free money vehicle?
  • How many tax free instruments can you count?
  • What about about a cash out refinance?
  • What is the history reverse mortgage?
  • What is a HECM loan?
  • What is a home equity conversion mortgage?
  • What is a principal limit?
  • How does your age factor into accessing the equity in your home?
  • What about social security “not cutting it”?
  • What about future proofing a house?
  • What about people on a fixed income?
  • Why do people have a negative connotation and stigma toward the reverse mortgage?
  • What are the renovations on the reverse mortgage?
  • What about the mandatory counseling for reverse mortgage?
  • What about red tape and fees?
  • Isn’t the reverse mortgage just for those in poverty?
  • What happens when ultra high net worth individuals take reverse mortgages?
  • What about the jumbo reverse mortgage?
  • What about fees and closing costs?
  • What is a non-recourse loan?
  • Is there a way to be underwater on a reverse mortgage?
  • What about the family having the first right of refusal?
  • Does the bank want to own the home?
  • What are the options upon death?
  • What about Henry Ford?
  • Where did the obsession toward paying off the house come from?
  • What is line growth?
  • What happens if the housing market tanks?
  • Would you like to work with Tim at 866-888-7902?
  • Would you like to reach out to PRMI in Wooster, Ohio?
  • What are the takeaways?
  • Would you like to hear Episode 199?
  • Would you like to meet with Mark?  

Tim Foor has been in the mortgage business since 2012 after several years in the education and coaching fields. Tim takes a holistic approach to mortgage lending with a focus on strategic equity management. Tim also works with the sales team to ensure efficiency in the loan process. He is a 2007 graduate of Walsh University with deep ties to his hometown of Defiance, OH. He currently resides in Akron, Ohio with his wife, Monica, and daughters, Alison and Cameron.

Episode 244: Why Is College Getting More Expensive? with Angie Grimm

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What would you think of a young person walking up to you with a business plan?
  • Would you loan him money?
  • Do you have kids?
  • Do you know someone with kids on their way to college?
  • Who is Angie Grimm?
  • What happened when Angie was a senior in high school?
  • What did she learn?
  • What’s the cost of college now?
  • Why is college so expensive?
  • Should every family apply for aid?
  • What about the rules and regulations?
  • What sort of assets penalize families?
  • What sort of assets benefit families?
  • What is the definition of “late stage” planning?
  • What age should you start planning for college?
  • How long do most students have to decide what offer to take?
  • When is too early to start planning for college?
  • What about picking the wrong school?
  • What about merit packages for your student?
  • What sort of research does Angie do for students?
  • What about estimating the cost of college?
  • Are colleges transparent with all of the ancillary costs?
  • What’s Angie’s biggest frustration with the system?
  • What about innovations?
  • What about tuition scales based on marketable degrees?
  • What about graduate school or advanced degrees?
  • Why is there so much student debt?
  • What about parent debt?
  • What about budget planning for college?
  • How does Bank on Yourself® type whole life insurance policies work with college planning?
  • What about parents lending to their own students?
  • What about the obligatory cost of just being alive?
  • What about acceleration and recoup?
  • Can you loan your way through retirement?
  • Do you want your student to have even $1 in debt?
  • What about the holistic plan for all of your kids, at the same time?
  • What about inheritance?
  • What does Angie love most about what she does?
  • Would you like to work with Angie?
  • Would you like to visit the College Solutions website?
  • What are the three types of scholarships?
  • What are some strategies to lower the cost of college?

Angie Grimm is the Lead College Funding Professional at College Solutions LLC in Amarillo TX. She is a financial professional specializing in solving the late-stage college planning problem for families.

Over the last 13 years, Angie and her team have worked with hundreds of families with college-bound students to successfully enroll in the college of their choice, improve their financial aid picture, and to pay for college on a tax-favored basis while keeping their other financial goals and retirement plans intact.

She has researched and developed extensive knowledge about the college financial aid system, benefiting families with advice and strategies that most parents don’t think about or have access to when saving and paying for college. She prides herself in helping students make an informed educational decision to pursue their educational goals. As a financial professional she assists parents to improve their financial aid picture, paying for college on a tax-favored basis, and set up a solid financial roadmap for college and retirement.

Angie resides in Amarillo, TX with her husband Mike. They have 2 children. One who has already been through the college experience and graduated debt-free. The second who is still in college and working on her degree. www.CollegeSolutionsLLC.com

Episode 243: [Client Spotlight] Jay Helms

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What is the risk of owning a business?
  • Who is Jay Helms?
  • How did Jay meet his wife?
  • Where is Jay?
  • What has Jay learned about short term rentals?
  • What was Jay’s experience with taking a policy loan?
  • What was Jay’s experience with the bank?
  • What about moving away from a W-2?
  • What about transforming the family’s life?
  • What did Jay learn form Dave Ramsey?
  • What is Jay scared of now?
  • What happened to Jay’s net worth?
  • What about multiple streams of income?
  • What about real estate?
  • What about a mindset shift?
  • Would you like to visit Jay’s site, W2 capitalist?
  • What about having access to capital?
  • What does Mark appreciate about Jay?

 

Jay Helms, Founder of the W2 Capitalist, escaped the rat race after 6 years of side hustling in real estate investing. Jay has a goal to help one million people create multiple streams of income, achieve financial freedom, or build legacy wealth through real estate investing. Jay met his wife Cassie when they were contestants on a reality TV show and when their family of 5 are not traveling the country in their RV, Jay and Cassie reside in Gulf Breeze, FL, with their three kids, Rowland, Stella, and Ellen Anne. Knowing that closing on the first deal is the biggest hurdle and roadblock for new investors, he wrote a book, Make An Offer: Break Through Analysis Paralysis & Grab the Confidence You Need to Become a Real Estate Investor, to help them get over those mental hurdles. 

Episode 242: Die with Zero and Love Every Minute of It

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What is the purpose of your money?
  • What’s it all for?
  • What happens when you get more money?
  • What is the key?
  • What about a story?
  • What is ROE?
  • What about Bill Perkins’ book, Die with Zero?
  • What happened when Mark went to Japan?
  • What about memory dividends?
  • What about paying attention?
  • What about another story?
  • What about receiving money without working?
  • What about understanding value?
  • What about thinking about money differently?
  • What is the purpose of money for you?
  • What is your current definition of money?
  • What about out living your money?
  • What about annuities?
  • What about maximizing cash flow?
  • What about whole life insurance?
  • What about accessing cash value?
  • What happens to the death benefit?
  • What about giving away your cash before you die?
  • What about traveling when you’re younger?
  • Would you like to meet with Mark?
  • What about choosing a year to start lowering your net worth?
  • How might you calculate it?
  • What about your Maximum Net Worth?
  • What about your remaining Years of Life Expectancy?
  • What about your annual spending?
  • What about the growth rate of 4%-5%?
  • What will sustain you after your net worth is spent down?
  • What are people saying?

Episode 241: Your Last Tax Day

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What about tax as a seven layer dip?
  • What are the different tax systems?
  • What about income tax?
  • When did the income tax start?
  • What about payroll tax?
  • What about capital gains tax?
  • What about short term and long term capital gains tax?
  • What about sales tax?
  • What about property tax?
  • What about estate tax?
  • What about gift tax?
  • What about the inheritance tax?
  • What about gift tax exemptions?
  • What about the annual gift tax exclusion?
  • What about the tax on interest?
  • What about the ten year time horizon?
  • What is the ultimate goal?
  • What about inheriting money?
  • What about taxable money?
  • What about tax deferred money?
  • What about tax free money?
  • How many times can you say “taxable”?
  • What about the stepped up basis rule?
  • What about stock or real estate?
  • What about the SECURE Act (2019)?
  • What about the ROTH IRA?
  • What is THE IRS?
  • What about the significant limits in the ROTH IRA or ROTH 401(K)?
  • Do you still plan to eat?
  • What are the limits with a Bank on Yourself® Type Whole Life Insurance policy?
  • What happened when Mark’s mom died?
  • What was the last gift she gave Mark and his brother?
  • Was the death benefit taxable?
  • What are some strategies?
  • What happens when you receive a taxable inheritance?
  • What about preparing in advance?
  • What might you build?
  • What about insurability?
  • What about accessing cash value?
  • What about leaving a generational gift and legacy?
  • What about the estate tax exemption?
  • What about a historical example?
  • When is the estate tax due?
  • How long does an estate / family have to pay the tax?
  • How will an estate / family pay the tax?
  • What happens when a life insurance death benefit is larger than the estate tax exemption?
  • How do we avoid running into a large estate tax problem?
  • What about a more modest death benefit?
  • What about an irrevocable life insurance trust (ILIT)?
  • What about term insurance?
  • Would you like to join us in our FREE membership site?

Bonus: Quick Reference
Tax filing dates for 2022 (via IRS):

There are several important dates taxpayers should keep in mind for this year’s filing season:

  • January 14: IRS Free File opens. Taxpayers can begin filing returns through IRS Free File partners; tax returns will be transmitted to the IRS starting January 24. Tax software companies also are accepting tax filings in advance.
  • January 18: Due date for tax year 2021 fourth quarter estimated tax payment.
  • January 24: IRS begins 2022 tax season. Individual 2021 tax returns begin being accepted and processing begins
  • January 28: Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.
  • April 18: Due date to file 2021 tax return or request extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.
  • April 19: Due date to file 2021 tax return or request extension and pay tax owed for those who live in MA or ME due to Patriots’ Day holiday
  • October 17: Due date to file for those requesting an extension on their 2021 tax returns

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 240: [Client Spotlight] From Term Insurance to the Meaning of Life with Thomas Paukovitz

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • What about the meaning of life?
  • What about taking responsibility?
  • Who is Thomas Paukovitz?
  • What’s his story with money?
  • What happened with Thomas and Amanda in the first year of marriage?
  • What did they learn?
  • What about goal setting?
  • What about student loans?
  • What about car loans?
  • What about debt?
  • What about teaching about money?
  • How does personal responsibility fit?
  • What about whole life insurance?
  • How is this different from term insurance?
  • Is there an issue with buying term online?
  • What about convertible term?
  • What about cash flow?
  • What are the benefits of convertible term insurance?
  • What about an emergency fund?
  • How did the pandemic alter expectations?
  • What about paying for adoption?
  • What are the plans?
  • What about real estate?
  • What about property?
  • What about freedom?
  • What about volatility and risk?
  • What is reliable?
  • What about guarantees?
  • What about dividends?
  • What about flexibility?
  • What about follow through?
  • What does the word responsibility mean to Thomas?
  • What about purpose and intent?
  • Would you like to talk with Thomas on the membership site?
  • Would you like to read about their adoption journey at paukoparty.com?
  • Would you like to learn more about convertible term insurance? Get on Mark’s Calendar to Ask about Convertible Term Insurance

 

Thomas is a father of two girls and married to his wife Amanda. They live in Chicago and are proud Cubs fans! Thomas is a great friend of over 10 years. We have gone on long runs together and have worked on big projects in various arenas of service, church, and more. I’ve got to see Thomas working at his best, being a great listener and a servant leader. He works as an IT analyst in a law firm In downtown Chicago.

Episode 239: Resilience, Resets and Ripples – The Butterfly Impact with Mark Briggs

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Are you focused on a bigger and better future?
  • Who is Mark Briggs?
  • Would you like to read Mark’s new book, The Butterfly Impact: Resilience, Resets and Ripples?
  • What are Mark’s memories with butterflies?
  • How might innovations happen within organizations?
  • How do we take advantage of opportunities?
  • What about transformations within constraints?
  • How does Mark use difficult experiences as fuel for growth?
  • Where do you spend your time everyday?
  • What about the enzymes?
  • What are Mark’s daily habits?
  • What about hidden pitfalls with boundaries?
  • What is a Company Engagement Officer?
  • What about meaning and connection?
  • What about culture?
  • How might time help you feel at ease?
  • How might we take care of ourselves and our organizations?
  • What sort of habits, systems and life hacks would Mark suggest for resilience in future constraints?
  • What about contingency capital?
  • What about tools for resiliency?
  • What about developing more adaptability?
  • What words of wisdom does Mark have?
  • What are the takeaways?
  • What are you afraid of?
  • What about systems?
  • What about laying bricks every hour?
  • What about learning?
  • What can you do to continuously build?

Mark Briggs is a management consultant who helps Fortune 500 companies modernize their operations, culture, and leadership by facilitating cutting-edge transformations. He is a professor of leadership and change management at the University of North Carolina, Chapel Hill, and is the author of four books. As a speaker, trainer, and consultant in digital transformation and innovation. Mark has worked with groups across the United States, Europe, China, and the Middle East.

His new book, The Butterfly Impact: Resilience, Resets and Ripples, tackles work-life balance and offers a transformative approach for your work-life, based on his own experience and interviews with more than 100 successful professionals.

Episode 238: [Client Spotlight] Variable Paychecks to Permanent Lifetime Income with Christian Ward

by

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

  • Who is Christian Ward?
  • How did Christian earn his first dollar?
  • How does Christian handle the ups and downs of living on real estate commissions?
  • What is it like starting out as a realtor?
  • What about working on the business of real estate?
  • What about Profit First?
  • How did Mark and Christian meet?
  • What about knowing what you don’t know?
  • What about growing financial savvy?
  • What about growing more peaceful?
  • What about self improvement?
  • What happened in 2011?
  • What about running?
  • What about health?
  • What about planning for longevity?
  • What lessons did Christian learn through caretaking?
  • What about self-reliance?
  • What about not out-living savings?
  • What were Christian’s goals?
  • What problems does a flexible premium annuity solve?
  • What about lifetime income?
  • What happened with the investment advisor in early 2020?
  • What about reducing volatility?
  • Have you read Profit First?
  • How has Christian applied Profit First principles?
  • What are Christian’s current and future goals?
  • How might we pay our future selves?
  • What about being deliberate and thoughtful?
  • What about managing stuff?
  • Would you like to work with Christian?
  • Would you like to visit christianwardhomes.com?
  • Would you like to hear Christian’s podcast, Interesting Humans?
  • Would you like to join our Not Your Average Financial Community?
  • What are people saying?

Christian Ward is a seeker, writer, podcaster who happens to do real estate to make a living.

He has lived in many parts of the country; for the past 31 years Ann Arbor, MI has been his home. He is the podcast host of Interesting Humans a deep dive into the mindset, the philosophy and the achievements of the people around us who have fascinating narratives to share.