Not Your Average Financial Podcast

Episode 194: [Toolbox] Use The Volatility Buffer Against Market Madness

May 21, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the goal of climbing a mountain?
Who was the first person to successfully climb Mount Everest?
What about coming down the mountain?
What about a sherpa?
What about compensation based on AUM?
What is the volatility buffer?
What about when all of the money is tied up in the market?
What happens with a market crash?
What happens in retirement?
Does the stock market care if you are retired or not?
How might we avoid a disaster in retirement?
Who has an average retirement account?
Who has a mythical average account?
What are some strategies?
What money can you not afford to lose?
How does the volatility buffer work?
Wouldn’t you anticipate what the mountain might bring?
How might you shield yourself from the elements?
What are the provisions?
Who is Wade Pfau?
What does Wade Pfau say?
What are some reasonable expectations?
How about coming down the mountain safely?
What did Tom Hegna say?
Would you like to discuss some strategies for “coming down the mountain”?
Schedule a meeting with Mark

Episode 193: The 8 Biggest Mistakes You Make When You Bank On Yourself® with Jim Conrad

May 14, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Is it possible to mess up a Bank on Yourself® type whole life insurance policy?
Is it possible to mess up a microwave?
Would you like to ask your own questions?
Would you like to join us on the Not Your Average Financial Community?
Who is Jim Conrad?
What about a high level overview?
What are Jim’s rules to live by if you’re banking on yourself?
What gets better every year, guaranteed?
Is there such thing as paying too much premium?
What about paying as much premium as you can for as long as you can?
What about the first seven years of a policy?
Is paying premium a burden?
What about stopping?
Do you want to build wealth reliably?
Should you always use your own capital?
Why would I want to borrow from my own policy if I can get a better rate down the street?
Do you need to finance a new vehicle?
Do you need to invest in real estate?
What about paid up additions premium?
How will your dollars grow?
Why would you want to save money in someone else’s bank?
Can you enrich yourself and the bankers?
What’s the biggest building in Charlotte?
What happens when you pay interest?
What about policy loans?
Do policy loans take experience?
How much does one need to pay back on the loan?
Will an insurer take your car or house away?
Whose in charge of their cash value?
Who manages the cash value?
What’s a reasonable time frame to pay back a policy loan?
Do you want to pay premium first and then loan payments?
Are interest rates really important?
What’s the best return?
What questions do you have?
What about using other people’s money?
What about using your own cash value to make purchases?
What about arbitrage?
What about credit cards and discipline?
What are the risks?
What about paying premium out of cashflow and savings?
Why did Jim write these rules to be timeless?
What about credit union loans?
How does privatized banking work?
How much can a bank lend out?
How much does a bank have to keep on hand?
Would you like to eliminate bankers from your life?
How can the bank make so much interest?
What about low or no interest loans?
Do you need to borrow more capital than you have in your policies?
What about closing that window?
What about feathering the clutch?
What about uninterrupted compound interest?
What about retirement?
What happens if your goals change?
Are you creating income for life with whole life insurance?
When do most people stop paying premium?
What about premium offset?
What about paying your loans back?
How might you maximize your lifetime income?
How might you pay back your policy loans before you retire?
What is the best practice?
What about using your own capital to buy points on a mortgage?
Who keeps a mortgage for 30 years?
What about refinancing?
What about moving?
Does it make sense?
What about the book How Privatized Banking Really Works?
How might you use your own capital?
What about the volume of debt?
How much skin in the game does the bank really have?
What were the reserve requirements in 2008?
How might you build up and use your own capital?
Why favor paying premium over paying back loans quickly?
What does one do when they run out of wiggle room in a policy?
What about timing?
How might one completely replace banks?
How might one do the banking at the “me and you” level?
What about checking accounts?
Would you like to join our membership site?

Jim Conrad, the President of Conrad Financial Services, resides with his wife, Deb, in Concord, North Carolina. Jim started working for his clients in financial services 20 years ago, after a 25-year career in management with a Fortune Top 10 company. He grew up in the Chicago suburbs, and he holds a B.S. in chemical engineering from Purdue University and an MBA from Lewis University.

Jim has been a Bank On Yourself Authorized Advisor for the past 13 years. His passion is helping people achieve financial peace of mind by owning a strategy they can count on for life.

Episode 192: Can I Bank on Yourself® Outside of the United States? with Stephen Devlin from Canada

May 7, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What about courage?
What about taking big leaps?
Who is Stephen Devlin?
Do you live outside of the U.S.?
Have you ever jumped out of an airplane?
How did Stephen’s life change?
Why did Stephen become a Bank on Yourself® professional in Vancouver, Canada?
What happened to Stephen’s business in 2008?
How does money work?
What about the bank?
How does Bank on Yourself® work in Canada?
What are the slight differences?
How is the population of Canada different from the U.S.?
What about the insurance companies?
What about the requirements?
Have you heard Episode 159?
What about labels that mean nothing?
What happened when Stephen went to the insurance companies?
What happened in 2012?
When did Stephen realize he had a passion for training and mentoring?
What are the differences in naming around taxed deferred vehicles in Canada?
What’s the same?
What’s an RSP? What’s a tax-free savings account in Canada?
What’s an ESP?
What do you want your money to do for you?
How do you want to control your financial future?
What about guaranteed cash accumulation?
What about tax advantages in retirement?
What about the ability to borrow from the policy?
What about the ability to leave your family a legacy beyond what you’ve saved?
What are the limitations?
What about keeping policies tax exempt?
What would Stephen like to see?
What about patience?
What sort of client photos and messages does Stephen receive?
What are Stephen’s clients doing with their Bank on Yourself® type whole life insurance policies?
What about policies on grandchildren?
What do you use your policy for?
What might you accomplish?
Who moved to Canada because they wanted access to Bank on Yourself®?
What should you do if you live outside of the U.S. or Canada?
What options exist?
Who has a right to get these policies?
What about underwriting?
What about doing business in North America?
What is possible?
What drives Stephen?
Who is ready for some homework?
Are you in Canada? Would you like to reach out to Stephen?
What are the options?
What are your rights?
What choice will you make?
What about key interests?
Are you in the U.S.? Would you like to meet with Mark?

Stephen Devlin co-founded two of Canada’s leading companies in creating safe and secure wealth-building systems for personal use and business, taking advantage of an underutilized strategy with whole life policies. With offices across Canada and as President and Chief Financial Officer with MacDev Financial Group and SET Financial Solutions Inc., Stephen leads an exclusive group of advisors that specialize in his financial philosophy.

Stephen is passionate about self-empowering his clients to achieve financial control for life by educating and coaching them
on key financial principles. He is regarded as one of Canada’s leading experts in the Bank On Yourself®, and engineering multi-figure strategic wealth plans as an accredited advisor in these concepts.

Stephen is also a member of the prestigious Million Dollar Round Table. Stephen has been featured in local and international media, including Forbes, USA Today, A&E—and more. He has also authored two award-winning, best-selling books. More recently, he launched his own TV show “Financial Control for Life”. Stephen and his wife, Michele Platje-Devlin—CEO & Chief Compliance Officer for both companies live with their teenage son in Vancouver and on the Sunshine Coast.

Episode 191: Ask Me Anything

April 30, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to hear our Q&A?
Can I do a one time lump sum without recurring premium on a key man whole life dividend paying policy?
- Would you like to hear Episode 174?
How do you give your older kids the high level overview of financial education… telling them over a two hour time block on vacation? What about teaching through games? (featuring Debbie Wilder and her contagious joy)
What happens if you want to start your retirement earlier than age 65, i.e. at age 45? (featuring Brandon Neely and Amanda Neely)
What if you want to retire within 10 years?
What are some creative ways to save premiums every year? (featuring Brandon Neely and Amanda Neely)
Would you like to join a future Ask Me Anything during Office Hours?
- Join our Not Your Average Membership Community to Get Access

Episode 190: The Ninja Belts of Bank on Yourself®

April 23, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What strategies are you excited about?
What about being a newbie?
Would you like to hear a ninja belt metaphor?
What is the white belt?
What about saving from cash flow?
What about monthly premiums?
What do you learn in karate?
How many moves are you making in your monthly budget to up your cashflow?
What about the fundamentals?
What about “back to the basics”?
What is the orange belt?
What about a lump sum along with monthly premiums?
What about windfalls?
What about bonuses?
What advantages come with a paid up additions rider?
What about repositioning?
What is a 1035 exchange?
What about universal life policies?
What about the red belt?
What about annual premiums?
How does this benefit business owners?
What about annual windfalls?
What about an annual surge in sales?
What about multiyear projects?
What about solving several problems?
What about passing on savings?
What about the yellow belt?
What about the intention behind starting?
What about other people?
What about lines of credit for business?
Can you have multiple policies on yourself?
What are the most important assets in your life?
What about the green belt?
What about real estate?
What about business inventory?
What is life insurance all about?
What about an additional focus?
What about vehicles?
What about college?
What about business expenses?
What about the debt SnowBank Method?
Is it possible to be better than debt free?
What about policy loans?
What restrictions are on policy loans?
What questions do insurance companies ask to take policy loans?
Would you like to learn more about the green belt strategy?
What about the purple belt?
Would you like the budgeting tool? Meet with Mark
Do you have a massive tax bill due every year?
What are non-direct recognition policy loans?
How fast should you pay the policy loan off?
Are you a business owner?
Are you a real estate investor?
What happens if you don’t pay off the loan?
What about the fortitude required?
What about compound growth?
Is it a good idea to pay a policy loan back?
What does it mean to lapse a policy?
What is a big deal?
What is not a big deal?
What is the risk on the gains in the policy?
What do you lose when a policy lapses?
Do you understand the risks?
What about the brown belt?
What is a system of policies?
What is a family office?
What about grandkids?
What about grandparents?
Why insure kids?
What is the power of this strategy?
What is the regular system of communication and intention?
Is a family office formal?
Is a family office informal?
How might a family communicate?
When do families meet?
Who shows up to a family meeting?
What is the key?
How might you prepare your people for the money?
What about the black belt strategy?
What about income equaling premium?
Is this recommended?
What is fraught with peril?
What did Nelson Nash say?
What is the caution?
Why is this not for 99% of people?
How does it work?
What are the four steps?
How might you live on less than you make?
What about the pattern of life?
What are the risks and considerations of black belt strategy?
Are you able to live like a spartan?
What about getting improved for this much life insurance?
What is the job of underwriters?
What about liability?
Have you arrived?
How are you still learning?
Would you like to strategize together?
Book a Meeting with Mark

Episode 189: Bank On Yourself® and MMA, How to Bully-Proof Your Money

April 16, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you practice MMA?
How could you bully-proof your money?
What is the first stance?
Are you willing and ready to learn?
Do you have an open mind?
Are you able to be attentive?
Do you show up?
What is the second stance?
How might you replace your bad habits with good ones?
What is the third stance?
Do belts matter?
Why does mindset matter?
What is the fourth stance?
How might you celebrate your progress?
What are you focused upon?
What is the fifth stance?
What about resilience in the face of adversity?
What about weapons?
What is Karate-do?
What is the sixth stance?
What about thinking?
What about doing?
What about practice?
What about figuring it out by doing it?
Have you lost money?
What have you learned?
What about starting small?
What can you afford?
What about coming up with a policy?
Who is on the mat?
What is your first move?
Would you like to book a meeting?
What is the seventh stance?
What about stretching?
What about finding the correct number?
What is the eighth stance?
What about stepping into the training hall or dojo?
What would you like to implement?
How would you like to improve your skills?
Would you like a quick fifteen minute call with Mark?

Episode 188: The Founder of Bank On Yourself®, Pamela Yellen

April 9, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Pamela Yellen?
What about Pamela’s articles and books?
What did Pamela learn from experience?
What did Pamela investigate?
How does Pamela remember her mission?
What about Dave Ramsey and Suze Orman?
What is real education?
What is infotainment?
Has conventional financial wisdom worked?
How many actually have financial security?
What do people say about Bank on Yourself?
What about investment accounts?
What about Pamela’s newest book, Rescue Your Retirement?
What about 401(k)s and IRAs?
What will the value of your accounts be when it’s time for retirement?
Do you know?
What about a personal story?
What about the go go years of the dot com bubble?
What is a paper gain?
How is a paper gain different from real wealth?
What about paper gains vanishing?
How does Bank on Yourself® fit into a financial strategy?
What about cash value?
What about taking policy loans?
What are some examples of what people are doing with policy loans?
What has Pamela done with her policies?
What happened when Pamela wrote the Bank on Yourself® book?
How was she able to access $500,000 in a week, with no questions asked?
What about non-direct recognition policy loans?
Is this the 8th wonder of the world?
What happened to Pamela’s colleagues?
What about compound growth?
What about guarantees?
What about the right to borrow?
What is a unilateral contract?
What about opportunities?
What about emergencies?
What would an adequate emergency fund look like?
Can you have your money working for you in two places at once?
What about the Bank on Yourself® Professional program?
What about the intellectual property of Bank of Yourself®?
Why is it important to work with someone with the right training to build and care for a policy?
How might a policy help you manage your tax burden?
Do people have to pay tax on social security?
What about commissions?
What about the death benefit?
What did the father of the 401(k) say?
What is he doing with his money?
What if you have a 401(k)?
What about reading pages 36-37 of Rescue Your Retirement?
Would you like a FREE copy of Rescue Your Retirement?
Would you like to visit findoutmorenow.com?
Would you like to book a meeting with Mark? (Write Rescue Your Retirement book in the notes on the calendar page so we can get you that FREE copy)
What are Pamela’s insights?
What are the takeaways?

Pamela Yellen, Financial security expert and best-selling author, investigated more than 450 savings and retirement planning strategies seeking an alternative to the risk and volatility of stocks and other investments. Her research led her to a time-tested, predictable method of growing and protecting wealth she calls Bank On Yourself (www.bankonyourself.com) that is now used by more than half a million people.

Pamela is the author of the New York Times bestselling books BANK ON YOURSELF: The Life-Changing Secret to Growing and Protecting Your Financial Future and THE BANK ON YOURSELF REVOLUTION: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future.

Pamela has appeared on every major TV and radio network and served as a source for organizations and publications such as the Associated Press, Fox News, Bloomberg Businessweek, Ladies’ Home Journal, Essence Magazine, Aging Today and AARP. Her articles have been featured in thousands of major publications and websites, and she has spoken to more than 1,000 audiences world-wide.

Pamela was born in Buffalo, New York, and has lived in Sarasota, Phoenix, and the San Francisco Bay area. She graduated from the University of San Francisco with a degree in psychology. Pamela and her husband Larry currently live outside of Santa Fe, New Mexico, They enjoy theatre and the arts, hiking, biking, bird watching, traveling, gourmet cooking, working out (Pamela can leg press 200 pounds!), reading, spoiling their two grandkids, and are involved in supporting numerous charitable causes.

Ten percent of all author royalties are donated to educational not-for-profits, such as The Smile Train, The Nature Conservancy, Susan G. Komen for the Cure, Wounded Warrior Project, Heifer International, and Hawk Watch.

Episode 187: What is a Term to Whole Life Conversion?

April 2, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Did you know that you can convert certain term life insurance policies to whole life without having to prove that you are in good health?
What about renting?
What about owning?
What about the cost?
Why are whole life premiums higher than term life premiums?
Is whole life insurance way more expensive than term insurance?
What about mortality cost?
What about policy duration?
What about risk?
How long do term policies tend to last?
What about term costs going up with age?
What happens when term policies expire?
How many term insurance policies actually pays a claim?
What are the types of life insurance?
What about cheap term on the web?
What about convertible term insurance?
What about something akin to a “rent to own” provision?
What about the option to move to whole life insurance?
Does convertible term insurance cost a lot more?
What about a modest whole life policy?
What are the three benefits of converting?
What about a medical exam?
What about converting under age 65?
What about essentially locking in approval?
What about the death benefit?
What about estate planning?
What about liquidity?
What are the questions?
How does it work?
What about health status?
How much is convertible?
How is this like saving your place in line?
How much does it cost?
How much more does it cost to cashflow the whole life insurance?
What is a term insurance credit?
How long does it take to convert?
What about processing time?
What about a partial term conversion?
What about flexibility?
What about protecting your family?
What about increases in income?
What about additional policies stemming from term conversions?
What about completely converting the term?
What’s an example timeline?
What about a case study?
What type of whole life insurance are you converting into?
What about timing?
What about overwhelm?
What about diagnosis or disability?
What is possible?
Would you like to join the FREE Not Your Average Financial Community?

Episode 186: Thou Shall Prosper with Rabbi Daniel Lapin

March 26, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Who has their hand on the steering wheel of life?
Who is Rabbi Daniel Lapin?
What was his most important journey?
Who tends to be disproportionally good with money?
What did William Wordsworth say?
What about entropy?
Is chaos the order of things?
What about building?
Are you taking care of things?
Are you maintaining your living space and your vehicles?
What happens when you don’t do the work?
What about ancient Jewish wisdom?
What about Adam and Eve?
What happens when one reads the Hebrew?
What about taking care of business?
What abut being obsessively preoccupied with taking care of others?
What about service?
What about taking care of customers?
Is the world against you?
What about enormous cooperation and effort?
What about happiness?
With whom do you spend time?
Who is miserable?
Does company love misery?
Who is a happy warrior?
What about family?
What about friendships?
What about faith?
What about fitness?
Have you read Thou Shall Prosper by Rabbi Daniel Lapin?
Why are Jews successful?
What about powerful strategies and principles?
What about destiny?
What about getting whacked?
What about suffering from deep existential loneliness?
What happened when Rabbi Lapin met a pair of tech reps?
What about working with things?
What about working with people?
What is money and why does it matter?
How is money a certificate of good performance?
How might you take care of the things in your life?
What does the Rabbi think about Bank on Yourself®?
Would you like to visit rabbidaniellapin.com?

Daniel Lapin was born into a prestigious Torah family. He was a student of his father, Rabbi A.H. Lapin, who served the Jewish communities in Johannesburg and Cape Town, South Africa, eventually immigrating to America with his wife where they established the Am Echad synagogue in San Jose, CA.

In 2002, Rabbi Lapin wrote his bestselling book Thou Shall Prosper: The Ten Commandments for Making Money (John Wiley ). This book continues selling well in America (as does its sequel Business Secrets from the Bible) and has also been translated into Chinese and Korean, among other languages. In 2007, Rabbi Lapin, along with his wife, Susan, founded Lifecodex Publishing. They began producing audio CDs and writing books to make ancient Jewish wisdom accessible to people of all faiths. Lifecodex Publishing now has DVDs as well as publishing works by other authors that promote traditional learning and values.

Rabbi Lapin is a frequent speaker for hundreds of groups, institutions, organizations, and companies including Family Research Council, Harvard Law School, the United States Army, the 1996 Republican National Convention, Voices United for Israel, and Young President’s Organization. Rabbi Lapin was the keynote speaker at the Congressional Bi-Partisan opening of the 106th Congress in Washington, DC.

Rabbi Lapin hosts a weekly audio podcast which presents thousands of years of Jewish wisdom emanating from the Bible, in ways that impact and improve modern-day life.

Episode 185: Flipping America with Roger Blankenship

March 19, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

How do you know if you’re a leader?
Who is Roger Blankenship?
What is the Flipping America Network?
Would you like to visit rogerblankenship.com?
How BIG is Roger?
What’s Roger’s story?
What about real estate?
What does Roger want to do before he quits?
What about really wanting to do good in the world?
What about charitable causes?
How did Roger get started?
What about flipping houses?
What about rehabbing?
What about local groups?
What about Real Estate Investors Associations (or Alliances)?
What about a national network of real estate investors?
What about creating a movement?
What about building credibility?
What’s happening in the real estate space?
What does Roger see in his crystal ball?
What about roadblocks?
What about prayer?
What about birds in flight?
What about relaying bad news?
What about making hard calls first thing in the morning?
What would Roger put on his tombstone?
What are the takeaways?

Roger Blankenship is the “Flipping America Guy.” He’s host of the nationally syndicated real estate show, “Flipping America,” heard coast to coast three times every week, author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 1000 houses and has been a part of hundreds more real estate transactions.

In addition to purchasing, remodeling, and marketing properties, Roger has founded the Flipping America Mentoring Program which teaches the science and art of real estate investing.
He and his team are developing the Flipping America Network, a trading platform for real estate investors and He has written several books on real estate investing. Roger and his team teach seminars in real estate investing and provide coaching and funding for both new and experienced investors. You can learn more about all this at rogerblankenship.com.

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