Not Your Average Financial Podcast

Episode 184: Rewirement and Risks to Retiring in 2021 with Jamie Hopkins

March 12, 2021 by Not Your Average Financial Podcast

In this episode, we ask:

Have you ever seen the show, American Ninja Warrior?
What about a finite amount of cash?
Who is Jamie Hopkins?
What are some of Jamie’s earliest experiences with money?
What about the risks of retirement?
What about Jamie’s new book, Rewirement?
What about longevity?
What about the unknown time horizon?
What about deflation?
What about public policy risk?
What about unexpected financial responsibility?
What about a parent’s long term care needs?
What if your career is shorter than your retirement?
What does Jamie see in his crystal ball?
What is the giant societal experiment?
What about the 401(k)s?
What about the standard of living adjustments?
What about cutting back?
What about reliance on certain systems?
What about the social security fund report?
How does this influence policy?
What about social security?
What percentage of retiree’s income typically comes from social security?
Will the funds be depleted?
What about Biden’s proposals?
What is our single biggest funding program?
When was the last time social security was updated?
What about the assumptions?
What has happened to interest rates in the last 40 years?
How does this change behavior?
What changes in the macroeconomic assumptions?
What about a tax proposal?
What about inflation?
How does living on a fixed income work?
What about the infrastructure and legal system in the U.S.?
What about protections?
What about strategies?
What about contract law?
Does Jamie sell products?
What about fixed indexed annuities?
What about creating lifetime income?
What about fixed income?
What about bond laddering?
What about life insurance?
What about forced or automatic savings?
What about a death benefit?
What about tax diversification?
Could laws change?
Where will public policy go?
How might one public policy change affect your strategy?
Are tax rates going up?
Have you read the Power of Zero?
Do you act in accordance with your beliefs?
What about diversifying risk?
What do most people believe today?
What happened between 2010 and 2020?
Where can you follow Jamie?
What do you want to accomplish?
What are the takeaways?

Jamie Hopkins, Esq., LLM, MBA, CFP®, RICP® is the managing director of Carson Coaching and the Director of Retirement Research for Carson Group. He is a finance professor of practice at Creighton University’s Heider College of Business and is the author of the book Rewirement: Rewiring The Way You Think About Retirement Planning. Jamie helped co-create the Retirement Income Certified Professional (RICP®) designation at The American College of Financial Services. He was named as a top 40 young attorney by the American Bar Association and a top 40 financial service professional under the age of 40 by InvestmentNews. In 2020, his work on retirement planning and the SECURE Act won an award from WealthManagement.com for being the best Thought Leadership Advisor Education in the industry. You can contact him at www.jamiehopkins.com or follow him on twitter @retirementRisks.

Episode 183: What About Bank On Yourself® and Bitcoin?

March 5, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you remember your MySpace password?
Do you have your bank password somewhere for your kids and grandkids to find?
Who is Stefan Thomas?
How did he lose so much Bitcoin?
What are the risks?
Does Bitcoin have value?
Is crypto a way to safeguard wealth?
What’s to love?
What is the value of the price of a bitcoin?
Is this the latest tulip mania?
Is it the future of money?
What are the main functions of money?
What defines money?
What about blockchain inflation?
Who owns blockchain patents?
What about volatility?
How old is Bitcoin?
How much would you like to spend on pizza?
Who uses Bitcoin to buy groceries?
What about anonymity?
What about concerns and regulations?
What did Janet Yellen say?
What about marketing?
What about a Bitcoin ATM network?
Is Bitcoin a medium of exchange?
What about payment for debts and taxes?
Why is the U.S. dollar the current medium of exchange?
Why does the U.S. government want tax in U.S. dollars?
What about printing money?
What about modern monetary theory?
What happened in the 1960s?
What about the behavior of society?
What about paying tax with Bitcoin?
What about reporting crypto holdings?
What about regulations and oversights?
What about the benefits?
What about paying tax on the gains?
What about the federal reserve?
What about pension funds?
Who is G. Edward Griffin?
What did he say?
Will the U.S. dollar go away?
What about the capital?
Has the government been hands off with crypto?
What about non-Bitcoin cryptocurrencies?
What are the main functions of money?
What about store of value?
What about the word currency?
What about flow?
What about storage?
How many bitcoins have been lost?
What about aging?
How is money like the promise of the future?
What about commodities?
What about futures?
What about gold?
Is Bitcoin a store of value?
Is Bitcoin speculation?
Who is the end user for Bitcoin?
What about futures contracts?
How is this like an insurance contract?
What about beating inflation?
What about predictability?
What about 1970s or 1980s inflation?
What about Bank on Yourself® type dividend paying whole life insurance?
What about speculation?
What about your risk tolerance?
What do you see in crypto?
Is crypto scarce?
Is it useful?
What about a deflationary environment?
What is the biggest profit centers for insurers?
What about term insurance policies?
Will insurers pay in crypto?
When did the dollar become legal?
What happened in 1863?
What is the legally recognized currency?
Who wins?
Is whole life insurance immune from financial disaster?
What about the risks?
Where is the real education?
Where does the real transformation occur?

Episode 182: The Mindset of a Real Estate Investor with Steve Rozenberg

February 26, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Steve Rozenberg?
What was dinner like for Steve growing up?
What changed for Steve around 9/11?
What about real estate?
What did Steve learn?
What about property management?
What about mindset and real estate investing?
What’s happening to the airlines?
Who owns the airplanes?
What happens when the planes are parked?
What about job security?
Why did Steve get into real estate?
What happened in the last 20 years?
What about taking focused and intentional action?
What is Steve seeing among pilots?
What are all of the ways one can make money on real estate?
What are the pros and cons of real estate?
What about making mistakes in real estate?
What about choices?
What is the mindset of a real estate investor?
What is the goal?
Why get into real estate?
What is the difference?
Why are some successful?
What are the desired results?
What about just being busy?
What about including the spouse and kids?
What is the employee mindset?
What is the entrepreneurial mindset?
What is the real estate investor mindset?
Why is it important to stop and think about your “why”?
What are the odds?
Is a rental property technically a business?
What does one need for a business to succeed?
Who has a business plan for their rental properties?
What is the best piece of advice Steve has received?
What about plateaus?
Will you stay the same, decline or improve?
What about universal atrophy?
What about the mindset?
What about the strategies?
What about buy and hold properties?
What about ego in a deal?
Does this property align with your goals or does it not?
Does the property align with your strategy?
Is this taking me closer to my goal?
Where is real estate headed?
What do you need to do to prepare?
What is Mynd property management?
Would you like to visit steverozenberg.com?
Would you like to subscribe to the YouTube channel?

Steve Rozenberg is the Vice President of Education for Mynd where he educates investors about the benefits of small residential investing.

Rozenberg is a member of both the Houston and Fort Worth/Mid-Cities chapters of NARPM, and is a licensed Texas real estate agent.

Rozenberg is an international commercial airline pilot who turned to real estate investing after 9/11 changed his life. Rozenberg has fixed-and-flipped hundreds of properties in the Houston metro, before co-owning the leading residential property management firm in Houston and DFW.

Throughout his 15-year career in real estate, Rozenberg has hosted several radio talk shows, appeared on a number of real estate investing podcasts, webinars, and masterminds.

Episode 181: Real Estate Tax Problems with Brett Swarts

February 19, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What will you do with highly appreciated real estate?
Who has tax problems?
Is this just another 1031 exchange podcast?
Who is Brett Swarts?
What is a capital gains tax deferral strategy?
What is a deferred sales trust?
What about optimal timing?
What about capital gains tax on real estate?
Can one eliminate a 1031 exchange?
What about an example?
What about the transition of generational wealth?
How many baby boomers are turning 65 every day?
What about the factor of time in a 1031 exchange?
What is the problem?
Why are we selling high and buying higher?
What about real estate market corrections?
What is a DST (deferred sales trust)?
When does a 1031 exchange make sense?
What is a seller carry back?
What options open up?
What about the buyer cooperating with a brand new trust?
What’s the gain for the trust?
What about a deferral state?
What about funding?
What happens to the tax when selling to the trust?
What about receiving a $0 down payment?
What about spreading out the tax over time?
Where does the money need to live?
What about the terms on the promissory note?
What about deferral?
What about spreading the tax burden to the next generation?
What about assets inside the deferred sales trust?
What about paying the tax right away?
What about fees?
With whom does Brett work?
What about dissolving partnerships?
What about another example?
How long have the DSTs been around?
Where is the money going to live?
What about a brand new depreciation schedule?
Who understands the deferred sales trusts?
What would Brett leave for his family and friends?
What did Jim Rohn say?
Would you like to visit capitalgainstaxsolutions.com?
Would you like to book a meeting on Mark’s calendar?
Would you like to join the NEW! Not Your Average Financial Community?

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 on the west coast. His audiences are challenged to lean into multiple capital gains tax deferral strategies, create and develop a tax-deferred transformational exit wealth plan of their own, and execute on this plan so they can create and preserve more wealth.

Brett is the Founder of Capital Gains Tax Solutions and host of the capital gains tax solutions podcast. Each year, he equips hundreds of business professionals with the Deferred Sales Trust tool to help their high net worth clients solve capital gains tax deferral limitations.

Brett lives in Roseville California, with his wife, Melanie and their 5 children.

Episode 180: If You’re Playing the Wall Street Game: STOP!

February 12, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What is going on in the market?
What happened to the fundamentals?
What determines the price of a company?
What about the present value of future dividends?
Is this a simple world?
Are we all playing the same game?
What are the cracks in the system?
Is there an unfair advantage?
Which game are you playing?
What does it mean to go long?
What does it mean to go short?
Does the investor own the stock?
Where do people make a profit?
What are the risks?
How much can you lose?
What about hedge funds?
Why did they see a dramatic change in price?
Is it legal?
Is it sane?
What about curiosity?
What about stability?
What about sanity?
What about short squeezing?
Who is David Shaw?
What is high speed trading?
What about those who live in middle-America?
What about those who live in Manhattan?
How do people use geography?
What about a fraction of a penny?
What about an annualized return?
What about buy and hold?
What about the day trader?
What about the minute trader?
What about the high frequency trader?
What about chinks in the armor?
Is shorting part of the efficient market?
More efficient for what? More efficient for whom?
What are the rules to the game?
Are you playing the same game?
Who is getting hurt?
Who is playing the buy and hold game?
Who is playing day trading?
Who is playing stock trading?
What game is your advisor playing?
Who is getting paid?
Who is getting the fee?
What game is the government playing?
Does the government invest in Wall Street?
Who pays the fee?
What about the 401(k)?
How might one make sense of the signals?
Why do the market experts come up with wildly different expectations?
Who still hurts from 2008?
What about index funds?
What are the rules for the index?
What about the S&P 500?
What about buyers?
What about algorithms?
What about fundamentals?
What about the signal?
What do we know?
What do we NOT know?
So what?
How does one win a game like this?
How does one make an unrealized gain a realized gain?
What about black swan events?
What about market volatility?
What about protection from market down turns?
When the market falls, how deep does it tend to fall?
What type of investor are you?
Do you like to buy low and sell high?
Do you like to buy high and sell low?
Do you have an automatic deduction of your paycheck into a 401(k)?
Do you do dollar cost averaging into a brokerage account?
Do you believe the market is high or low, currently?
Where is the DOW now?
Is the market at an all time high now?
What happens in one bad year?
When you lose 10%, what happens?
When you lose 25%, what happens?
When you lose 50%, what happens?
Do the bad years hurt more than the good years help?
Is the market throwing a tantrum?
Are insurance contracts investments?
How do whole life insurance policies fit into all of this?
What about stability?
Do you have to play the game?
Do you have to get wrapped up in all of the chaos?
What kind of guarantees are possible?

Episode 179: Join the Not Your Average Financial Revolution

February 5, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

How many conversations have you had with your family and friends about money?
Do very few of us raise the topic of finances?
Is money a taboo subject?
What about the Not Your Average Financial Community?
Who is Gina Bianchini?
What is Gina’s story?
What about Gina’s dinner table?
What is Mighty Networks and why does it matter?
What about content?
How might connections change everything?
What about surprising and delighting one another?
Why contribute with others?
How does innovation happen?
What happened with networking recently?
How does a community help us navigate these times?
What about the Social Dilemma docudrama?
What about monetizing attention?
What’s powerful about attention?
What about care?
What’s a different model?
What are the new rules? What is the culture we’re building?
What about creating a connection?
What about agency?
What do entrepreneurs need to hear?
Do you have to build a product?
What about the network?
What about the algorithm?
What about membership?
What about a course?
What about events?
What about the “cost” of time?
How does one build a network?
What do you want to build together?
How do you want to serve?
What feedback do you have?
What if you did know?
What if you understood the various elements of financial planning?
What was January’s theme?
What is February’s theme?
What elements are crucial to your comprehensive, full-featured financial plan?
What adjustments need to be made?
What actions do you need to take?
How might you think differently about money?
Would you like to join us?
https://notyouraverage.mn.co

Gina Bianchini is an American entrepreneur and investor. She is the Founder & CEO of Mighty Networks.

Her mission at Mighty Networks is to usher in a new era of creative business built on community. Mighty Networks serves “creators with a purpose” selling experiences, relationships, and expertise to their members via community, content, online courses, and subscription commerce–all offered in one place under the creator’s brand.

Before Mighty Networks, she was CEO of Ning, which she co-founded with Marc Andreessen. Under her leadership, Ning grew to 100 million people in 300,000 active social networks across subcultures, professional networks, entertainment, politics, and education.

In addition to Mighty Networks, Gina serves as a board director of TEGNA a $3 billion broadcast and digital media company and served as a board director of Scripps Networks, an $12 billion public company that owns HGTV, The Food Network, and The Travel Channel that merged with Discovery Communications in 2018.

Gina has been featured on the cover of Fortune and Fast Company and in Wired, Vanity Fair, Bloomberg, and The New York Times. She has appeared on Charlie Rose, CNBC, and CNN.

She grew up in Cupertino, California, graduated with honors from Stanford University, started her career in the nascent High Technology Group at Goldman, Sachs & Co., and received her M.B.A from Stanford Business School.

Episode 178: Tax-Free Wealth with Tom Wheelwright

January 29, 2021 by Not Your Average Financial Podcast

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In this episode we ask:

Who is Tom Wheelwright?
Have you read his book, Tax Free Wealth?
Would you like to hear his podcast?
What was Tom’s childhood like?
Where did Tom first learn about money?
What was one of Tom’s first jobs?
What did Tom learn about rental property?
With whom does Tom work?
What does Tom’s CPA network look like?
What does Tom love about tax education?
How did Tom’s relationship start with Robert Kiyosaki?
Where do Tom and Robert travel together?
What about the tax law around the world?
How is the tax law a series of incentives?
What is Tom’s paradigm of taxes?
How long is the tax law in the U.S.?
Is all income taxable?
Is anything deductible?
What is the majority of the tax law?
What’s the history?
What about incentivizing the free market?
What about tax credits?
What about depreciation?
What about tax credits for sending your kid to college?
What about tax deductions for buying a house?
What do most countries have in common?
What’s fun about taxes?
How does one make more money when they follow the tax law?
What about electric cars?
Is the free market the best place to build infrastructure?
What about the cash flow quadrant?
What about tax incentives?
Have you read Cash Flow Quadrant by Robert Kiyosaki?
Are you an employee?
Are you self employed or a small business owner?
Are you a big business owner?
Are you an investor?
What about Trump paying $750 in taxes?
What about debt and real estate?
Do you have to be big to get the benefits of the big business?
Can an employee enjoy the tax benefits of an investor?
What about the Wall Street trap?
What about “retail” investments?
What about “wholesale” investments?
What about private equity?
Is this available to anyone outside of the 1%?
What about “factory-direct” investments?
What’s on the horizon for real estate?
What’s on the horizon for tax law?
Are taxes going down?
What’s likely to happen?
What about incentives toward clean energy?
Where is policy headed?
What was one of the best real estate deals ever?
Are you looking at cash flow?
What is the simple analysis of any deal?
What will happen to the size of government?
What opportunities come with government expansion?
What about the pandemic?
What about office space and other commercial real estate?
What is Tom doing differently in their office?
How many streams of tax-free income can Tom and Mark think up?
What about Roth IRAs?
What about HSAs?
What about depreciation on rental real estate?
What about a 1031 exchange?
What about reverse mortgages?
What about life insurance?
What about a business?
What is the only thing you can cash out of tax free?
How can you combine a business with real estate?
What about clean energy?
What about oil and gas?
What runs out? What wears out?
What about renewable energy?
Would you like to hear the Wealthability show?
Would you like to read Tom’s book, Tax-Free Wealth?
Would you like to visit wealthability.com?
Would you like to join the NEW Not Your Average Financial Community?

Tom Wheelwright is a CPA, CEO of WealthAbility®, Best-Selling Author of “Tax-Free Wealth”, Owner and Active CPA for Wheelwright Manahan, Speaker, and Host of 2 popular podcasts, including The WealthAbility® for CPAs Show. Wheelwright advises CPAs, accounting professionals, small business owners, entrepreneurs, and investors how to permanently and legally reduce their taxes by 10-40%. Previously, Wheelwright was a Manager in the National Tax Office of Ernst and Young, an Adjunct Professor in the Masters of Tax Program at Arizona State University for 14 years, and a Fortune 500 in-house tax advisor and tax lobbyist.

Episode 177: Your Life Insurance Business Line of Credit with Sarry Ibrahim

January 22, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you a business owner?
Who is Sarry Ibrahim?
How can Bank on Yourself® type life insurance policies be used for business purposes?
What about employee retention?
What about cash reserves?
Is your business sellable?
What about a key person?
How could you design this for business?
How long can your business go without income?
Have you considered the exit ramp of your business?
How might a whole life insurance policy from a mutual insurer help with selling a business?
What about the valuation of a business?
Why do corporations have cash value life insurance?
What about reinvesting money back into your business?
What about inflation?
What about other risks?
Where did corporate owned life insurance originate?
What about 162 plans?
What about key person policies?
What about competition in the marketplace?
What are the takeaways?
Would you like to join our NEW Not Your Average Financial Community?

Sarry Ibrahim focuses his expertise in working with clients who want to grow their wealth and protect it from creditors and predators! His specialty is in working with individuals, business owners and real estate investors in implementing sound financial strategies to thrive through life’s changing seasons. Sarry connects and brings to the table tactics that aren’t typically known to financial planners, investors or attorneys. finassetprotection.com