Not Your Average Financial Podcast

Episode 101: 4 Tips for Teaching Your Kids About Money

August 9, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

How might we teach our kids about money?
How many adults received financial education from their parents?
What was Holly’s experience in childhood?
What was Mark’s early experience with money?
Why are parents overly secretive about money?
What was the public school system designed to do?
How might you break the cycle?
What are four ways to bring up money with kids?
What lessons can kids learn in addition to how to handle money?
How might you tell your kids about money early and often?
How can you work with older kids?
What about having a money conversation with your kids?
How might your kids earn base pay plus commission?
What about sharing your balance sheet with your kids?
How early can kids earn money?
What is expected?
What are bonuses?
How might you include your kids in your business?
Are you raising an employee or a business owner?
Are you a business owner? How can you share this with your children?
How can you teach your children to help other people?
How might helping other people provide value?
How might the kids chip in for purchases?
How might you involve the kids in certain investments?
How might you teach your kids about assets?
How might you involve your kids in financial projects?
How might you get the kids engaged in respecting cash flow?
Do your kids have a budget or plan?
How might you teach about saving?
How might you teach about giving?
How might you teach about spending?
Do your kids have pen pals?
Do you say, “We can’t afford this…” ?
How about teaching kids to ask the question: “How might we afford this?”

Episode 100: A Not Your Average SPECIAL SHOW!

August 2, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

How might we say thank you?
Do you know how highly we recommend our producer, Larry Fleming?
What were the origins of Lake Growth Financial Services?
How did the podcast come about?
What makes this podcast so much better than an email full of answers?
What’s your favorite episode?
What do you love about the podcast?
How might you really learn something?
What have you found surprising?
What about the evidence from studies that doesn’t hit the mainstream news?
What are the big “aha” moments?
What have you changed since listening to the podcast?
How is your stress reduced from learning these concepts?
What about topics that are related to your whole life?
What do listeners have to say?
Have you heard the Grandma’s Wealth Wisdom podcast?
What would you like to see next?

Take the 90-second Survey now!

Complete before August 31, 2019

Episode 99: Why You Should Define Your Fears Instead of Your Goals

July 26, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Have you heard of fear setting (instead of goal setting)?
Is emotional reactivity a helpful financial strategy?
Are you white knuckling the financial rollercoaster?
What did Seneca the Younger say?
What if there was a benefit to suffering in our imagination?
What if there is courage to exploring your own fears?
What if you could use your imagination to become more courageous?
How can overcoming fear help you achieve your goals?
What happens when you focus on what you can control?
How can you bring more emotional to life?
What happens when you pay more attention to something?
What practices, systems and habits can you build?
What is one of the biggest problems for the average investor?
What is the biggest super power you can bring to your financial life?
What is a wealth shock? Did you hear Episode 97?
What is the fear?
Where can we find the courage to take action?
How might you act in your own best interest?
How might you overcome your challenges?
What’s holding you back?
Would you like to meet with us?
What is the premeditation of evils?
What is the worst case scenario, in detail?
What does anxiety do?
How does anxiety paralyze us?
Have you heard of goal setting?
What is the 3 page writing exercise for fear setting?
What if I…?
Can you list 10 specific fears? Can you list 20 specific fears?
What’s an example?
What can I do to prevent this fear from happening or at least minimize it?
If your fear actually happens, what would you do to repair the damage or who could you ask for help?
What about the Fear of Missing Out (FOMO)?
Has anyone, in the history of time, ever figured out my problem before?
What is the cost of inaction?
What is the cost of the status quo?
Where am I going to be in one year? Where am I going to be in three years?
What’s Mark’s story with student loan debt paralysis?
What is the debt SnowBank method?
What about the emotional stress of living paycheck to paycheck?
Have you heard Tim Ferriss’ TedTalk on this?
How are the biggest challenges in life solved?
How can you use goal setting and fear setting together?
How can you cut through the fear in the beginning?
What is one fear that’s holding you back?
Would you like to leave a review on iTunes?
Would you like to fill out the Fear Setting pages?

Episode 98: Ryan Fleming – The College Funding Crisis is a Retirement Issue

July 19, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

How does college funding relate to retirement?
What’s Ryan’s story?
How much do we have in student debt?
What are the increases on tuition and fees?
Can paychecks keep up with the costs?
What happens if things don’t turn out as planned for a student?
Is college worth it?
What is a wealth transfer?
What does the average college graduate make?
How do traditional financial advisors advise parents who have kids going to college?
Does a 529 plan solve for the realities of college?
Are there more efficient ways to finance college?
What is the average balance of 529 plans for kids about to go to college?
What are the four big college funding mistakes we need to avoid?
Are you in a student loan trap?
Are you over borrowing?
Are you assuming that you won’t receive financial aid?
What does the FAFSA look like?
What counts against families?
What about selecting the wrong college or career path?
How is college funding like buying your first home?
How does Ryan’s work differ from typical advisors?
How does one pay for college without going broke?
How much does college actually cost?
How does a career coach help with college costs?
What about testing?
What about forms?
Since most people won’t get full rides, where will the dollars come from?
How do Bank on Yourself® type policies work with college funding?
How does college planning affect your standard of living in retirement?
How is college planning like golfing?
How is the Bank on Yourself® strategy like a putter of financial products?
How does Bank on Yourself® stand the test of time?
What are the extra benefits of Bank on Yourself® type policies for college planning?
How does one pay off student debt?
What does life insurance have to do with retirement?
How many policies does Ryan have?
Does Ryan own a 529 plan?
What’s the story of Ryan’s clients?
How can you use the deferral mechanism of student loans to your advantage?
Should you wait until high school to plan for college?
Would you like to speak with Ryan about your child’s upcoming foray into college?

Ryan Fleming is a college planning specialist in the Columbus, Ohio area, practicing for over 11 years. As a Certified Financial Fiduciary®, CFF Ryan takes pride in helping others plan for their financial futures by avoiding wealth transfers and conflicts of interest. Ryan specializes in helping parents of college college-bound students plan for one of the largest wealth transfers of their lives. He also consults individually with parents and students to help them improve their financial aid picture and pay for college on a tax-favored basis.

In addition to his college planning practice, Ryan also works with families who want to improve their long-term retirement picture and ensure proper distribution of their estate.

What sets Ryan apart is his client-centric and easy-to-understand approach. Ryan’s main goal for each of his clients is to help provide them with confidence and certainty in their financial future by helping them answer the 4 most important financial questions that we all must answer in order to properly plan for retirement.

Ryan Fleming, CFF®
Website: www.keystoneadvisors.com
Email: rfleming@keystonecollegeplan.com
Phone: (614) 300-9493

Episode 97: Retirement Roundup! 50% of Americans Are Making This Mistake…

July 12, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

What does this podcast mean to you? Let us know by leaving us a message and we may include it on our 100th episode! Have you visited speakpipe.com/nyafp?
Leave us your answer, in your own words, in an audio message? Please record yours before 5PM CT July 15!
What did the Barron’s article say?
What about the generational feedback?
How much more will each generation need to save annually?
Where is the disconnect?
How are the very best 401(k) plans performing?
Does the government have a solution for retirement?
What study came out of Northwestern Kellogg School of Management?
Is America ready for retirement through the 401(k)?
Are people actually living within their means?
Do Americans have enough for retirement?
What about DALBAR’s latest report?
Have most investors kept up with inflation over the last 20 years?
What is an adequate reward for taking on risk?
Based on the DALBAR report, what is the annual return over 20 years?
Where could you get a higher return?
Did the report include fees?
Did the report include inflation?
What what was the real return?
Could it have been worse?
What about taxes?
Who are the people behind DALBAR?
What is the Quantitative Investor Report?
What do most people invest in?
What did the DALBAR report say about the numbers reported in the annual prospectus?
What is the difference between average and real returns?
Where is the advertising off?
Why do investors believe that they’re making more than they actually are?
How does income volatility affect heart disease risk?
How does income volatility affect stroke risk?
How does income volatility affect the risk of death?
What is the medical phenomenon called the Wealth Shock?
What about the study from the American Medical Association?
How does health respond to a foreclosure?
How does health respond to a drop in the market?
What is the relationship between market declines and hospital admissions?
How much did the market fall in 2008?
How do Wealth Shocks work?
What about the Federal Reserve study?
When do you need money the most?
What can help you weather financial storms?
What can help you weather health storms?
Does where you put your money matter?
Can money choices affect the longevity of your life?
Will Wall Street continue on?
How many times do we have to hear this?
Are we the exception to the rule?
Is everyone in the market special?
Does independent research come out every year?
Can living in a perpetual state of stress be devastating?
Would you like to learn more through another episode, about Health and Wealth?
If you’ve already left a message for episode 100 on speak pipe, thank you! If you would like to leave us a message, please visit our SpeakPipe page, and leave us a message to show how this podcast has affected you!

Episode 96: Becoming Your Own Banker, A Tribute to Nelson Nash, Part 2

July 5, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you willing to leave us an audio message, for our upcoming Episode 100?
What’s occurred to you since listening to our podcast?
What has this podcast meant to you so far?
Would you be willing to leave us an audio message?
Have you ever wondered how profitable banks are?
Would you like to hear about how banks use money?
What is the bank’s arbitrage?
What are the steps to open an FDIC insured bank?
What’s required to open an FDIC insured bank?
Why do banks loan at such a low percentage?
How can banks do a 20:1 return on loans?
What did Nelson Nash say about this?
What is the Infinite Banking Concept?
What is a great book on the history of debt?
Who was Nelson Nash?
Do you finance everything you buy?
What is engineered to become more and more efficient every single year?
What is a unilateral contract?
Who is the owner of a life insurance contract?
Are you an owner or are you merely a transaction on someone’s balance sheet?
What are the two key pieces Nelson emphasized when working with finances?
What are Nelson’s five rules?
- What about conquering Parkinson’s law?
- What about Willie Sutton’s law?
- What is the golden rule?
- What is the Arrival Syndrome?
- What is Use It or Lose It?
Have you read Nelson’s book, Becoming Your Own Banker?
Would you like to read Becoming Your Own Banker on Kindle?
Would you like to watch the latest documentary on Nelson Nash?
Can you finish this sentence? Because of Nelson Nash, ____________.
What are people saying about Nelson Nash?
What if 10% of the American population could be set free?
What if you didn’t have to rely on banks?
What if you could be apart of the 10%?

Episode 95: Think Long Range! A Tribute to Nelson Nash, Part 1

June 28, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you believe it?
What’s changed for you since listening to our podcast?
What has this podcast meant to you so far?
Would you be willing to leave us an audio message?
Who was Nelson Nash?
Have you read Nelson’s book, Becoming Your Own Banker?
Would you like to read Becoming Your Own Banker on Kindle?
What is Nelson’s Nash’s story?
How does forestry inform life insurance?
How many generations should we prepare for?
What is the magic of leverage?
What motivated Nelson?
What did Nelson notice about the banks?
What did he notice about the life insurance policies?
What mindset change did Nelson experience?
What about 5-year-old geniuses?
Would you like to watch the Ted Talk by Dr. George Land?
What about Nelson’s famous grocery store analogy?
Are you “stealing your own peas”?
What is the Infinite Banking concept?
How much is the average person saving?
What about the volume of interest?
What about a typical mortgage?
What did Nelson say about being a pilot?
What is “the arrival syndrome”?
Are you willing to wait for the tail wind?
How does this all actually work?
How has Nelson impacted our lives and our clients lives?

Episode 94: Krisstina Wise, Millionaire Money Coach

June 21, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

What is Krisstina Wise’s story?
What did Krisstina learn from Real Estate?
Is there a ceiling to income?
What happens when people make a lot of income but are consistently broke?
What is more fun that making money?
What did Krisstina learn from a medical emergency?
What is Krisstina’s philosophy of money?
What frameworks does Krisstina embrace?
What is earning?
What is saving?
What is investing?
How are each of these areas similar to the systems of the body?
What is the source of a “money illness”?
What is “the money trap”?
How do we build true wealth?
How do we become the CFO of our household?
What is the distinction between earning and wealth building?
Where do we build a balance sheet?
How much money is enough?
What is the mindset?
Is more better?
Do we spend too much?
How do we cultivate an abundance mindset, mentality and lifestyle?
What are the money laws and principles that are associated with abundance?
What is Parkinson’s law?
How do we build wealth?
What is the skill set of spending?
What’s another word for future spending?
What are living expenses?
How do we stay on track?
How do we integrate the choices we make on spending?
How much goes to interest?
How do we exercise our money?
How do we honor ourselves?
What’s the difference between restriction and choice?
What are the rules of money?
How does money affect health?
How is mastering money a skill set?
Where can you learn more about Krisstina’s book?
Have you seen Krisstina’s video on Money Mastery Training?
Would you like to read Krisstina’s book, Falling For Money?

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 93: [Great Problems] Can I Put A Lump Sum into A Policy? Part 2

June 14, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you have giant piles of cash?
What are the six circumstances?
Did you listen to Part 1, Episode 92?
What is the answer to last episodes cliffhanger, the third unique way?
What is a single premium policy that allows you to add more money after the initial premium?
What if you’re dealing with a one time lump sum?
What do traditionally designed single premium whole life insurance policies allow?
What is a hybrid example?
How are Bank on Yourself authorized advisors influencing the insurance industry?
What did the insurance companies ask?
What happened?
What are the situations where using a Bank on Yourself policy for a lump sum makes sense?
Are you interested in a capital fund for real estate or business?
Do you need a holding place for future lump sums?
Do you have a need to pay for college?
What is a combo rider and how does it work?
What does a combo rider do?
Would you like the flexibility to put in a lump sum at irregular intervals?
What is the house analogy?
What is ART or Annual Renewable Term?
What is an ART rider?
How does the combo rider behave like universal life (UL)?
How is the risk much lower with a combo rider vs. a risky UL?
How can you get rid of the term rider within a combo rider?
What happens when you move the term rider into permanent insurance?
What happens when you know you won’t be getting additional windfalls? Can you drop the combo rider?
How can you move money into a policy right away?
How can you plan for expected windfalls?
How is this policy like a gas tank in a car?
How can you lock in your insurability?
How might you create a space to pour in cash?
How might you fund a college education without depleting or jeopardizing retirement funds?
What are the common vehicles for college funding?
Have you heard Episode 27?
What happens when you lock money into a qualified 529 plan?
How are Bank on Yourself type policies more flexible than a 529 plan?
What are some cool motivational incentives to get your kids to apply for a full ride?
What are all of the advantages?
Why does the government penalize parents that have saved for retirement and college?
Why does the government want you to be as poor as possible on paper to qualify for college funding advantages?
What can permanently give you an income that you can’t outlive?
What is the takeaway?
Are you working with an advisor who understands the nuances of these strategies?

Episode 92: [Great Problems] Can I Put A Lump Sum into a Policy? Part 1

June 7, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

What are the six major reasons why people put lump sumps into Bank on Yourself type policies?
What about paying off debt? What is the debt snow bank method?
What about finding a new place for your safe money to live?
What about an instant inheritance?
What about protecting from the expenses of long term care?
What about a capital fund for business opportunities?
What about a holding place for future expected lump sums?
What about funding a college education?
What about the policy loan feature?
What is a single premium policy?
Can you put a lump sum in and add a regular payment?
How can you consolidate debts or pay them off while still growing your money?
How can you boost your retirement income?
What are some of the benefits of moving debt from creditors to your own policy?
What if you could pay back loans on your schedule?
How about access to cash value?
Have you heard Episode 33?
Have you heard Episode 75?
How long does it take to pay off the debt?
How did Karen pay down her debt?
How can you reach out to Brandon?
How can you access the cash value?
What about tax dynamics?
Are you concerned about the volatility of the market?
What about receiving an inheritance?
What happened to a widow who put her inheritance in the market?
What about flexibility and control?
What about a tax free death benefit?
What about an instant inheritance that’s greater than what one can save alone?
What about planning for long term care needs?
Is it likely that we will need long term care?
What about the rate of return?
Are you planning to live a long time?
Are we living longer?
What are the costs of long term care?
What about home health aids, semi-private nursing room or private nursing rooms?
What is growing double the rate of inflation?
What about a surviving spouse?
What are the four ways to pay for long term?
Can you save cash for long term care in a private fund?
What is a traditional long term care policy?
Why are people no longer buying traditional long term care?
How much do traditional long term care policies cost each month?
What about single premium whole life policies with long term care benefits?
What are the benefits from a single premium policy that covers the long term care expenses (if you even need it)?
What happens if you have a terminal illness or need a life saving surgery?
What about the death benefit?
What about leaving a legacy?
Are you amazed?

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