Not Your Average Financial Podcast

Episode 141: Budget Your Savings and a Bank on Yourself Portfolio

May 15, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you ready for an episode from the clubhouse?
Where does money come from?
What is a budget?
Why is it important to save money?
What sort of things can money do?
Does age matter, when it comes to budgeting?
Are you a policy owner?
Are you in danger?
Are you the biggest danger your policy will ever face?
Are you naming the dollars in your policy?
What are the three personalities?
What is the key idea?
What are the four rules?
Have you heard Episode 139?
Is this too complex?
Have you logged in to your online portal?
Do you enjoy watching the money grow?
Is the money available?
What system helps you track?
Would you like a copy of this tool?
Do you give every dollar a job?
Do you embrace your true expenses?
Do you roll with the punches?
Do you age your money?
What number do you need to put into your budget?
What’s better than a withdrawal?
What’s the available loan value?
Are you ready to give every dollar a job?
Should you budget the other numbers?
How is budgeting a conversation about priorities?
What do you want your money to do for you?
Do you have more money to work with?
What’s an example of budgeting for college?
What’s an example of budgeting for a new car?
What’s an example of budgeting for an emergency fund?
What are your true expenses?
What about property taxes?
What happens when you repay a loan?
Do you have to pay a loan off before you take another loan out?
What about paying property taxes?
Can you setup a loan repayment?
Should you spend that money?
What are some huge, large expenses?
What are the bonuses?
What are the true expenses you should keep in your checking account?
Will the expense take six months or more to save?
Have you heard Episode 54?
Do you roll with the punches?
How is this different from a checking account?
Do you age your money?
What happens if you lose a job or have another emergency?
Do you have a large emergency fund?
Where do you keep the larger emergency fund?
What happens when you borrow against your money?
What happens to compounding when you borrow?
What are the best practices?
Should you treat your policy like a checking account, credit card or a piggy bank?
Have you tried budgeting cash value before?
Do you have loans on the policies?
Do you pay your loans in a reasonable period of time?
Would you like to see this in action? (YOUTUBE Link)
Hop on our calendar for an introductory phone appointment.
Would you like to give us your feedback? Leave us a message, answering our question of the month:
- What concerns you most about your retirement?

Episode 140: Krisstina Wise, How to Live Financially Immune

May 8, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Krisstina Wise?
What is Krisstina’s philosophy?
What is the alternative mindset?
What about an unconventional approach to real wealth?
What do you prefer?
What about financial products?
What are the top 10 steps for being financially immune?
Who is this for? Who is this not for?
What about variable income earners?
What about micro-business owners?
What is a business?
What is an income-making machine?
How might we generate more income?
What is the ceiling?
What are the limits?
How well do we move money through our household?
How do you build your asset sheet?
What is the system?
What do you do when everything is out of your control?
What about being “financially vulnerable”?
What about being financially immune?
Would you like to visit financiallyimmune.com ?
What happened when the ship hit the iceberg?
Is it “game over”?
Is it about survival?
Where is peace of mind?
What is the first thing from the business point of view?
What is burn rate?
Do you know your numbers?
If I asked you, what is your burn rate, could you say it?
What is the vital sign of a business?
How do we lower your burn rate to survival?
Is this expense essential to survival?
Is it negotiable?
Is rent negotiable?
Is payroll negotiable?
Are we carrying extra weight right now?
What about in the household?
What about refinancing car loans?
What about refinancing mortgages?
What about entertainment costs?
If we just did one, what would we choose?
What can we do?
What are we capable of?
How might we add the burn rates together?
Are we responsible for the total burn rate?
Who can find the money in the business?
Who can find the money in the household?
How might we reframe a tragedy?
What does this financial tragedy make possible?
What can we now do?
Where are the geniuses?
Are you grateful for genius creativity?
What is the next level of creativity?
How might you stockpile cash?
How is cash like water?
How is cash like oxygen?
How do we stockpile the cash funds?
Who is feeling the stress right now?
Where is the runway?
How long can we go?
How much runway do we have?
How much do we have in reserves?
Do you have 30, 60 or 90 days?
Where do you have liquid funds?
How is Krisstina using a whole life policy loan?
What about the Becoming Your Own Banker philosophy?
What about a cash out refinance?
What about real estate purchases?
What about the investor mentality?
What are some different ways to get cash?
What about debt?
What about negotiating terms?
What is your run rate?
Do you have predictable income?
Where is the revenue of the business 30, 60 and 90 days?
Can you predict it?
What do I need to break even?
What is the business strategy to be net zero?
How is this better to know?
What is the run rate on the personal side?
How are you solid?
How are you just fine?
What about burying your head in the sand?
What about fear?
How do we get “unstuck”?
What makes all the difference?
Where is the genius within?
What have I collected?
What do I have right now?
How long will it last?
What do we need?
What if we woke up today and forgot our memory?
How might we think like a start-up?
When is the time to do it?
Game on?
How might we be part of the solution (and not part of the problem)?
Are you able to pivot and play a new game?
Are you stronger?
Are you resilient?
Are you willing to learn the lessons?
Will you be ready the next time this happens?
How might we support you? Schedule a call with Mark

Krisstina Wise is a real estate mogul, Millionaire Coach, and creator of several multi-million dollar businesses including Goodlife Luxury, The Paperless Agent and most recently, WealthyWellthy. She is also an international speaker and the award-winning author of the Amazon Best-Seller Falling for Money, a romance novel for your bank account. Named one of the 100 Most Influential Real Estate Leaders in the country, she has been featured in USA TODAY, as well as by Apple, Contactually and Evernote for her creative leadership with emerging technologies.

Episode 139: What Does A Realistic Budget Look Like?

May 1, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What about deferred interest?
What about playing the game?
What happens when you combine knowledge and action?
Is money difficult to learn?
What happens when the market tanks?
What is our biggest money mistake?
How are budgets like a musical instrument?
How do you budget your cashflow first?
What are the 4 Rules of Budgeting?
What is that money’s job?
What is that dollar going to do?
What’s the problem with not budgeting? Have you heard Episode 19 yet?
What are your true expenses?
Is there an ideal budget?
How might you roll with the punches?
What happens when you spend more than you expected?
How do you know which dollars belong to which expenditure?
How do you protect against allocating the same dollars two or three times?
How do you plan for future goals, dreams and bigger expenditures?
What is the problem with most budgets?
Is your last budgeting failure attributed to it being too rigid?
How might you age your money, like a good wine or cheese?
What are the takeaways?
Can you implement these four rules in your budget this week?
Would you like a free month from the online budgeting software, You Need A Budget, a.k.a. YNAB? ( bit.ly/extraynab )
Would you like to leave us a voice message with your answer to the following question?
- What’s your biggest concern about your retirement?

Episode 138: Everyone Has a Plan Until… with Marc Lichtenfeld

April 24, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What about the top of the pyramid?
Who is Marc Lichtenfeld?
What is the Oxford Income Letter?
What about boxing?
What’s the athlete’s perspective?
How much preparation do you need?
What is a perpetual dividend raiser?
What is a stock dividend?
What might companies do with ample free cash flow?
What is a positive sign for a company?
What companies raised dividends?
Who are the dividend aristocrats?
Which companies have raised their dividends over different periods of time?
What about “getting a raise” every year?
What about the SECURE act?
How did it affect the age for Required Minimum Distributions (RMDs)?
How did the rules change?
What about inherited IRAs?
What changes affect the heirs of IRAs?
What is happening to those who have been playing by the rules?
What are some strategies for surfing this change?
Have you signed up on WealthyRetirement.com yet?
Would you like to read Marc’s recent book?
What’s the value of a stream of income?
What are people saying?
What concerns you most about your retirement, right now?
Leave us a message!
Would you like to join us on our latest webinar?
What You Can Do to Build Real Wealth In Turbulent Times
TOMORROW, Saturday April 25, 2020 at 10am CT / 11AM ET
Duration: 90 minutes
Register Here

Marc Lichtenfeld is the Senior Editor of The Oxford Income Letter, which is based on his proprietary 10-11-12 System. He is also the Editor of Stock Sequence Trader, Lightning Trend Trader and Closing Bell Profits.Marc is the Chief Income Strategist of The Oxford Club. After getting his start on the trading desk at Carlin Equities, he moved over to Avalon Research Group as a senior analyst. Over the years, Marc’s commentary has appeared in The Wall Street Journal, Barron’s, and U.S. News & World Report, among others. Prior to joining The Oxford Club, he was a senior columnist at Jim Cramer’s TheStreet. Today, he is a sought-after media guest who has appeared on CNBC, Fox Business and Yahoo Finance. His first book, Get Rich With Dividends: A Proven System for Double-Digit Returns, achieved bestseller status shortly after its release in 2012 and was named Book of the Year by the Institute for Financial Literacy. It is currently in its second edition and is published in multiple languages. In early 2018, Marc released his second book, You Don’t Have to Drive an Uber in Retirement: How to Maintain Your Lifestyle without Getting a Job or Cutting Corners, which hit No. 1 on Amazon’s bestseller list.

Episode 137: Here’s How to Antivirus Your Money

April 17, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Did that escalate quickly?
Is there a precedent for where we are today?
What happened in March 2020?
When was the last time this sort of swing happened?
Have you ever seen these sorts of swings?
What records have we witnessed?
What is the VIX index?
How high is the VIX?
What are financial advisors doing?
What does Pippa Stevens on CNBC say?
What was the data from 1930?
What happened to the total returns of the investor?
What is panic selling?
Do the best days cluster around the worst days?
What is the most recent example?
Have you heard Episode 51 on buy and hold strategies?
What is algorithm risk?
What did DALBAR say?
What did the recent New York Times article say?
Was it really a big surprise?
Did you see this coming?
Did you anticipate the fallout?
What is a black swan event?
Is your advisor telling you to “hang in there”?
Why is the belief around the market like an abusive relationship?
Is it different this time?
Is it hurting you?
What is happening?
Is this a blip on the radar?
Is your 401(k) about to become a 201(k)?
What about the shocks?
What about the stimulus checks?
Why should sneezes or the price of oil have anything to do with your retirement savings?
What does Goldman Sachs say about the GDP for 2020?
What about the baby boomer generation?
What happens at age 65?
What about those who have to keep working or those who are forced into retirement?
What happens when boomers get fired?
What happens to the market when boomers retire and take money out of stocks?
What about the recent CARES act?
What about companies inflating their own stock prices?
What did Goldman say about buybacks?
Can you un-scramble an egg?
Can you un-bake a cake?
Who will be at the helm of the rebuilding?
Do you have options?
Have you already anti-virused your money?
Is your money in quarantine?
Do you have a Bank on Yourself type whole life insurance policy?
How can you weather storms?
Are you a real estate investor?
How might a policy loan support you during this season?
What stocks look good?
Does your money get a guaranteed growth on the cash?
What’s the amount of gains you have to achieve to break even?
What has happened with each of our clients through this season?
What did the CEO say?
Who do you trust?
Who has your back through this?
What are the questions asking lately?
Is this market finished with volatility?
Do you have to be stuck without cash?
Do you feel alone?
Can you antivirus your money?
How might you build real wealth?
Would you like to talk? Schedule a Meeting
Would you like to join us for our next webinar on Saturday April 25, 10AM CT?
What did Clarice say?
What’s a creative way you’ve paid off your debt? Let us know this weekend!

Episode 136: Dividends or Market Dips?

April 10, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What’s the name of the game?
Are we seeing “garden variety” volatility?
Does buy and hold work?
Have you heard Episode 51?
Have heard Episode 52 and Episode 53 with Les Himel?
Where does our money live?
Which financial ride would you rather take (see table below)?
Where do you put your money?
Which dance partner would you rather have?
What if you put your money in safe assets?
What about treasury bonds?
What happened to the insurance carriers?
How is the stock market’s performance different from personal performance?
What about the standard deviation?
How often do losses occur?
What do losses do to the power of compounding?
How does the power of compounding work?
What is required for true compounding?
What about chasing returns?
What are the takeaways?
What about inflation?
What are people saying?
What does a realistic budget look like? Let us know at Speakpipe!
How do your numbers stack up since 2004?
Would you like us to run your numbers? Book A Meeting with Us

Episode 135: [Mythbusters] The Upside Down Fictional Security of Bonds

April 3, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Are bonds safer than stocks?
Are you rethinking your philosophy towards finances?
Do you watch financial advice on TV?
What is a blend of stocks and bonds?
Why do people believe in the blend of a 60/40 split?
What is asset allocation?
What does it mean when something is negatively correlated?
What is the 100 minus age rule?
What is a declining equity glide path?
Which option gives the worst outcomes?
Do you have a target date fund inside of your retirement funds?
Are bonds really the safe money alternative?
What about falling interest rates?
How do bonds work?
How do bond prices improve?
Do bonds have risk?
What happens when interest rates go up?
What is the key question driving investors?
Do you have a 401(k) or an IRA?
What about the risk?
Why do you expect the stock market to get you a better return than a savings account?
How are bonds like loans?
Are interest rates likely to go up?
Do you want to put money in something that’s “at the top”?
How can you know what’s most likely to happen with interest rates?
What happens when interest rates go up?
What happens with bond principal in relation to interest rates?
Can we control interest rates?
What about the “deadline” on the bond?
What happens with a 1% increase?
What happens with a 2% increase?
How does the risk go up?
What else can we do?
What about the volatility?
What about the risks baked into bonds?
What happens if a bond is called?
Would you like to reach out?
What are some alternative to bonds?
What is recurring premium whole life insurance?
What happens with compounding?
What happens when you need cash, with liquidity?
What about dollar cost averaging?
What about guarantees?
What about annuities?
What about the tax treatment?
What about single premium whole life insurance?
Have you heard Episode 91?
What about the tax treatment?
What about the potential penalties?
What is your risk score and how does it line up with your goals and objectives?
Would you like to know your risk score?
Would you like us to run your numbers?
What are people saying?
What does a realistic budget look like?
- Let us know at Speakpipe.com/nyafp and we’ll send you a free book!

Episode 134: How To Protect Your Retirement from Lawsuits with Sarry Ibrahim

March 27, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you know we’re so thankful for your questions?
What happens if you get into a lawsuit with a life insurance policy?
Who is Sarry Ibrahim?
What did Sarry learn from working with retirees?
How did asset protection become a focus for Sarry?
Are you exposed to things you can’t control?
Do you have money in safe and secure places?
Who is at risk?
What are the other risks?
What about the shake down?
What sort of lawsuits?
What are the most common claims?
How common are lawsuits in the U.S. each year?
What’s the chance you will be sued?
How does one protect themselves?
Have you googled the exempt assets in your state?
Which of your assets are exempt?
Which of your assets are non-exempt?
Are Bank on Yourself policies exempt?
What are the questions you need to ask?
- Is this solution 100% asset protected?
  - How much will it cost to implement this solution? Are there any recurring costs?
  - What are the contribution limits?
  - Is it liquid? Can you access money anytime? What are the age or time restrictions?
  - Is it exposed to market volatility?
  - Can you integrate this plan into other areas of your life and business?
  - What is the tax exposure you have?
How do different vehicles compare?
What about a 401(k)?
Are there fees in a 401(k) or IRA?
Are there contribution limits in a 401(k) or IRA?
Is a 401(k) or IRA liquid and accessible?
How might a 401(k) or IRA integrate into other areas of life?
What is the tax liability on a 401(k) or IRA?
What about a Bank on Yourself type policy?
Is a Bank on Yourself type policy considered an exempt asset (in most states)?
What are the fees on a Bank on Yourself type policy?
What are the contribution limits on a a Bank on Yourself type policy?
Is a a Bank on Yourself type policy liquid and accessible?
Should you take a policy loan during a legal proceeding?
Will a policy loan go into your checking account?
Is a a Bank on Yourself type policy exposed to volatility?
Can you integrate a Bank on Yourself type policy into other areas of your life?
How might you use a Bank on Yourself type policy for real estate?
How might you use a Bank on Yourself type policy for investments?
How might you use a Bank on Yourself type policy for retaining employees?
How might you use a Bank on Yourself type policy for retirement planning?
What about the tax liability with a Bank on Yourself type policy?
What if tax rates go up?
Would you like learn more about Sarry and visit finassetprotection.com?
What happens when you’re coming “down the mountain” in retirement?
Are you a business owner?
Are you a lawyer?
Are you a real estate investor?
Are you prepared for a predator?
Are you prepared for a creditor?
Have you googled the exempt assets in your state?
What are people saying?
Would you like a FREE book?
Would you like to leave us a message at SpeakPipe before April 19, 2020?
- What does a realistic budget look like?

Sarry Ibrahim graduated from Keller Graduate School of Management with an MBA in Project Management. He started his career at Allstate where he advised clients on auto, home, business, and life insurance. He then went on to become an independent broker, focusing on Medicare Supplement plans and Medicare Advantage plans, due to his passion for helping seniors. He has provided advice to hundreds on health insurance and Medicare. Having worked with seniors, Sarry has seen the struggle that many retirees go through when on fixed incomes as well as going through the hassle of being able to pay for long term care costs. Sarry is now helping individuals (not just seniors) plan for retirement, asset protection, and estate planning to avoid unnecessary risks and exposures to things outside of most people’s control. As a Bank on Yourself Authorized Agent, Sarry helps his clients achieve these results.

Episode 133: Client Spotlight: Engineers and Bank On Yourself® Superstars, Derek and Amy Baker

March 20, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Who are Derek and Amy Baker?
How did Derek earn his first dollar on the horse farm?
How did Amy earn her first dollar while camping?
When did they start thinking beyond the employee mindset?
How did thinking about paying for college motivate them?
What sort of real estate investments do they hold?
What did they learn at the conference?
How did they meet Mark?
How are they saving for college?
What do they love about the concept?
Why did Derek and Amy choose to work with Mark?
What do they love about working with Mark?
What did they learn?
What about who you know?
What about who you like?
What about who you trust?
Is this too good to be true?
What about moderate and solid growth?
What about liquidity?
What about access?
What about government restrictions?
What about going against the grain?
What about building generational wealth?
How do they use their cash value?
How does this affect their real estate work?
How do they deploy cash?
What about property inspections?
What about traveling to the property?
What about putting money into the value add?
What about advertising cost?
What about Bridge loans?
What about repairs?
What’s the scariest part of banking on yourself?
What about the time to “brew”?
What does it feel like to be a financial weirdo?
Why did Derek and Amy get into real estate?
How do they set themselves up with multiple streams of income?
What was the wake up call?
How are they building assets?
How did the Bank on Yourself® type policies help them through difficult times?
What about the flexibility of the policies?
How does this feel like a safety net?
What about fees?
As engineers, how did Derek and Amy get past the initial cost of life insurance?
Is this unbelievable?
What about the power of Bank on Yourself® type policies?
What are Derek and Amy doing with real estate syndication?
Would you like to reach out to Derek and Amy?
- info@jamtineinvestments.com
What advice do Derek and Amy have?
How might you be more active and present?
Are most people overly passive with their money?
When is the best time to take a step?
What do you love about Derek and Amy?
How do they use real estate investing AND Bank on Yourself® type policies?
How do Derek and Amy think out three generations?
What makes all of the difference?
Would you like a FREE book?
Would you like to leave us a review?
What are people saying?
Would you like to leave us a voice message before April 19, 2020? Our question is:
- What does a realistic budget look like?

Derek and Amy Baker are Founder and Co-Founder of Jamtine Investments headquartered in Grand Blanc, MI. They currently own and manage a multifamily rental portfolio of 253 units in Michigan, Texas and Tennessee. Derek and Amy have been active in real estate since 2016 with an emphasis on apartment syndication. They are members of Think Multifamily led by mentors Mark and Tamiel Kenney.

Derek and Amy are graduates of Michigan State University. They both currently work for General Motors as Engineers and both hold a Bachelor of Science degree in Mechanical Engineering and Master of Science degree in Engineering Management. They have three beautiful children Molly (4), Emma (2) and Brayden (8 months) along with their perfect rescue dog, Izzy.

Episode 132: The Reason Why We’re Broke and How To Fix It

March 13, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like a better sense of control and purpose?
Why does anyone do the thing that is not in their best interest?
Is there a lack of information?
What controls our unconscious?
How many of our decisions come out of our unconscious?
What beliefs do you have about money?
Is money the root of all evil?
Will your spouse take care of you?
Are you good with numbers? Do your eyes glaze over?
What do beliefs lead to?
What is the B-E-A-R trap?
What did Fortune magazine say?
What about the lottery winners?
Where do lottery winnings go?
What are the four exit ramps off the B-E-A-R trap?

What about Beliefs?
How many original thoughts do you think each day?
How often do you think about money?
What do we believe about money?
Do you journal?
- What do you truly believe?
- Have you written your beliefs down before?
- Where do each of these beliefs come from?
- What would your life be life if these beliefs didn’t exist?
What about mirror neurons?
What about Jim Rohn?
What about Excuses and Effort?
- How might you move from resentment to gratitude?
- What have you done already?
- What worked? What didn’t work?
What did Dan Sullivan say?
What about Actions?
- Who are the new people?
- Who do you look up to?
- Do you budget?
  - Do you track your financial structures with software like You Need A Budget?
What about Results?
- Why do I handle money this way?
- What about relationships?
- What about health?
- What about hobbies?
What’s the upward spiral?
Can you change your beliefs?
Do you have to retrain your mind?
What did the Dalai Lama say?
Do we all start with the same potential?
Do we all get the exact same 24 hours?
Do you believe that we all have the same potential?
What are you doing with that potential?
What about activated potential?
What one action can you do today?
How can you move to massive action (over time)?
What is the goal?
What is the one thing I can do today,
toward my goal,
such that by doing it,
everything becomes
easier or unnecessary?
What is a distraction?
What about results?
What went right last week?
What went wrong last week?
What can you improve based on what you learned?
What is the Keep Improve Start Stop (K.I.S.S.) method?
How do you come back to belief?
How do you see yourself?
What is a weekly preview?
What is a weekly review?
What are the 3-5 major accomplishments you feel good about?
What is the one thing I can do today,
toward my goal,
such that by doing it,
everything becomes
easier or unnecessary?
What went right?
What went wrong?
What is the Full Focus Planner?
Do you have a physical journal?
What are people saying?
Would you like a FREE book?
Would you like to answer our question of the month?
- Leave us a message on SpeakPipe before April 19, 2020?
  - What does a realistic budget look like?

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