Not Your Average Financial Podcast™

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

Episode 71: The Debtor, The Saver or The Wealth Creator – Which Staircase Are You Climbing?

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In this episode, we ask:

  • How do you buy stuff?
  • Would you like to meet us in person?
  • What staircase are you climbing?
  • How do you fund large capital purchases?
  • What are some benefits?
  • What does conventional purchasing look like?
  • What is the debtor’s or borrower’s staircase?
  • What do you have after you pay back the debt?

  • What is the saver’s staircase?
  • At the end of the saver’s staircase, what do you have?

  • What is the wealth creator’s staircase?
  • At the end of the wealth creator’s staircase, what do you have?

  • What about privacy?
  • What’s the best way to buy stuff?
  • How do wealth creators buy stuff?
  • Is it possible to “pay for something” twice?
  • What is “saving on the other side of the purchase”?
  • How does perspective matter?
  • What is an accelerated death benefit rider on a whole life insurance policy?
  • What are you going to do with this information?

The images here are inspired by and based on Don Blanton’s Circle of Wealth System, by Money Tax, Inc., “Debtor, Saver, Wealth Creator Visual,” The Private Reserve Strategy™, January 2012. 

Episode 70: Thinking Bigger – How the Economy Affects Us All

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In this episode, we ask:

  • Would you like to learn how to pay tax in the very best way possible?
  • Can someone turn lead into gold?
  • How do we know if we’re wasting our time?
  • How do we test our assumptions?
  • Does the chemistry in your portfolio allow for resilience?
  • Who let monkeys pick stocks?
  • How did the monkey’s stock picks perform?
  • How did the monkey’s stock picks perform compared to hedge fund manager’s picks?
  • How does the “chemistry” of certain assets work within the economy?
  • What are the problems?
  • What does a decline in the dollar look like?
  • What is an exchange rate?
  • What happened in 2009?
  • What happened to the dollar in 2017?
  • How is a whole life insurance policy affected by a decline in the dollar?
  • What about the environment of hyperinflation?
  • What is an inflation hedge?
  • What makes a good inflation hedge?
  • What is a real asset?
  • What about real estate?
  • How is Wall Street affected by hyperinflation?
  • What is stagflation?
  • How does whole life insurance change in an environment of hyperinflation?
  • What is deflation?
  • What is leverage?
  • What do people do when there is deflation?
  • What do people do when there is inflation?
  • How are dividends affected in a whole life policy in a deflationary environment?

 

Episode 69: New Goals and How to Succeed

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In this episode, we ask:

  • What are people saying?
  • Would you like a free book?
  • Are you interested in increasing your income?
  • Why do new year’s goals / plans fail?
  • Is your goal realistic?
  • Are you burning out?
  • Is your goal too time consuming?
  • Is your goal too limiting?
  • Are you cutting out too much?
  • Is there too much change too fast?
  • Have you worked in the proper rewards?
  • What incentives do you have in place?
  • How can you significantly increase your success on new habits?
  • Have you read The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg?
  • Why does our brain need so much energy?
  • Are our brains just lazy?
  • Do you think about putting one leg at a time into pants?
  • What is a cue?
  • What is a routine?
  • What is a reward?
  • What is the penalty?
  • How do you break a bad habit?
  • What is the cycle?
  • What do you crave?
  • How do you pay attention?
  • What do you truly want?
  • How do you transform a habit?
  • What does a new routine look like?
  • What is the cue and how do you isolate it?
  • What questions should you ask to find the cue?
  • What are you really craving?
  • How do you change the routine and identify a new routine?
  • Did you write down your new plan?
    • When ______ (the cue) happens,
    • I will ______ (insert new routine)
    • because it provides me with ______ (reward).
  • What about financial habits?
  • What are expensive habits?
  • How can you get the good feeling without the poor habit?
  • What are good habits?
  • How does a exercise habit transform all other habits?
  • What happened when a group kept a food journal?
  • What is the most important key to breaking a habit?
  • What is a good saving habit?
  • What do you want your new habit to be?
  • How do you keep your goal conscious?
  • How do you make your routine “brain dead simple”?
  • What truly motivates you?
  • For more information, read the book!

Episode 68: How to Share Financial Knowledge with Your Tribe

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In this episode, we ask:

  • Would you like to give us a review on iTunes? We’d love to hear from you!
  • Would you like a book?
  • What do you talk about for hours on end?
  • Do you see money differently?
  • Who is the hero in your story?
  • What should you take on your journey? What should you leave behind?
  • Who is your fellowship? Who is your tribe?
  • Do superheros need help?
  • How is your family doing?
  • Do you need a new fellowship?
  • How could you share your excitement?
  • Have these concepts been meaningful to you?
  • Who else needs to know about these strategies?
  • Who do you know that has been doing “the right things” their whole life and is watching it all blow up in their face?
  • What are the layers?
  • Why is sharing excitement so challenging?
  • What doesn’t work?
    • Should I send someone a book as a present?
    • Should I just show by example?
  • What does work?
    • Should I share my intentions?
    • Should I be intentional?
      • Should I let them know that I would like to share some things that have profoundly impacted my financial life?
    • Can I share over a tweet?
    • Should I schedule a time to share?
    • What’s the best amount of time to dedicate to a conversation?
    • How do I “set the table” with an invitation?
    • How much time should last between the invitation and the conversation?
    • Where should we have the conversation?
    • What is the balance between simplicity and complexity?
    • What’s your story?
    • What are the key parts to a great story?
    • How do you share your feelings?
    • How can you give an invitation to awareness?
      • What if you’re not well received?
    • How do you distill the core elements?
      • Would you like a memorable acronym?
        • …What is T.G.I.F.?
    • How do you connect?
    • How do you recommend an advisor?

Episode 67: A No Stress Holiday Season

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In this episode, we ask:

  • Can you hear the jingle of the bells?
  • Why are we so stressed at the holidays?
  • What drives people to take policy loans?
  • What does Amanda Neely say about strategically navigating the holiday season?
  • Do you have an emergency fund?
  • Do you have a feeling of abundance?
  • How can you free yourself up financially?
  • What does Jonathan Stinson say about having more options and more leverage?
  • What is “leveraging liquidity without depleting it?”
  • How can we think about these things differently?
  • How did Marvin purchase a car at the holiday?
  • What about the power to access your cash?
  • What did Holly do with a policy loan?
  • What did Mark and Katrina do with policy loans?

Episode 66: The Secret Life of Whole Life Insurance

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In this episode, we ask:

  • What is the history of Whole Life Insurance?
  • Who are some notable personalities who have harnessed life insurance?
  • How far back does life insurance go?
  • What was a burial club?
  • How does this affect widows and children?
  • Who is John Graunt? What did he figure out?
  • Who is Edward Lloyds and what did he offer?
  • Why did Edmond Haley keep records on when people died? How did this affect actuarial science?
  • When was the first official life insurance company?
  • When was the first world’s mutual insurer?
  • What was happening in 1776?
  • What did Benjamin Franklin have to do with life insurance?
  • What is a fraternal benefit society?
  • What was the first product that came out in Ben Franklin’s company?
  • What did Prudential bring to the industry?
  • When did policy loans come into play?
  • In 1891, what did Leland and Jane Stanford do? What happened in 1893?
  • How did J.C. Penny develop his stores? What did he do in 1929? What is happening with JCPenny stores today?
  • In 1939, what happened with Foster Farms? What is happening with Foster Farms today?
  • In the 1950s, what did Walt Disney do? What is happening with Disney today?
  • Have you seen the movie, The Founder?
  • In 1961, what did Ray Crock do?
  • In 1980, what happened with Doris Christopher do? How much did she sell the Pampered Chef to Warren Buffet for?
  • What did Governor Romney disclose regarding his life insurance policy?
  • What did Senator McCain do with his life insurance policy?
  • Which famous race car driver is very vocal about life insurance today?
  • How many things wouldn’t exist without life insurance?
  • Would you rather be average or would you rather follow in the steps of those who have succeeded?
  • Who is life insurance for?

Episode 65: [Mythbusters] Diversification, You Keep Using That Word, I Do Not Think It Means What You Think It Means

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In this episode, we ask:

  • Do you find value in this podcast?
  • Would you like to leave us a review on iTunes?
  • Where are your eggs?
  • Where is your basket?
  • What is sophisticated diversification?
  • Should you diversify?
  • What does FINRA say about risk?
  • Where did the idea of diversification come from?
  • What does Warren Buffet say about risk / diversification?
  • What are our options?
  • How are the generations diversifying differently?
  • What does Amanda Neely have to say about it?
  • What do you have to do to be a legitimate insurance company?
  • How do insurance companies diversify?
  • Are insurance companies profitable?
  • What is a dividend?
  • What does a strong and stable business look like?
  • Are you an expert at diversification?
  • What do you think when you hear someone is “diversified”?
  • Does diversification actually protect you from risk at all?

 

Episode 64: [Mythbusters] Buy Term and Invest the Rest

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In this episode, we ask:

  • What happens when people hear the words “life insurance”?
  • How long does a death benefit last?
  • What does Whole Life Insurance provide that Term Insurance does not?
  • What is cash value?
  • What about high commissions paid to an agent?
  • Where did the slogan “Buy Term and Invest the Difference” originate?
  • Who is A.L. Williams? How was he involved with proliferating Buy Term and Invest the Rest?
  • What is the process for buying term?
  • What is Dave Ramsey’s soapbox built upon?
  • What do A.L. Williams and Dave Ramsey have to do with each other?
  • Does the stock market do 12% each year? …Mr. Ramsey?
  • What are the guarantees?
  • What legal limitations do insurance companies have with illustrations?
  • Can you compare the rate of growth on mutual funds and growth rate of life insurance?
  • What is the rate of return on a death benefit?
  • What about the tax consequences?
  • What about the market risk?
  • How is the loan feature on Whole Life Insurance different from a Term Insurance policy?
  • What does it mean to “self insure”?
  • Does self insuring make sense for you?
  • What’s the difference in cost on Term Insurance based on age?
  • What’s the increasing cost of term insurance?
  • Which type of insurance is better for you?
  • Are you really solving the same need with both insurance types?
  • What happens if you drop the term insurance and try to buy it again later?
  • Which type of policy has a “built in expiration date”?
  • How often do Term Insurance policies actually pay out claims?
  • What’s the difference between Annual Renewable Term, 10 year Term and 20 year Term?
  • How are the premiums different in Whole Life Insurance vs. Term Insurance?
  • In what vehicles did our grandparents save?
  • Who actually follows the advice of Buy Term and Invest the Rest?
  • What’s the risk of buying Term Insurance?
  • Why do people buy Term?
  • What is the idea of self insuring based upon?
  • Which method will protect our families and be there when we need it?
  • Is this myth officially busted?!

 

 

Episode 63: Black Friday Ninjas

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In this episode, we ask:

  • Who do you know who would find value in this podcast?
  • What is Madison Avenue known for?
  • What are the stats for Black Friday?
    • How much do people actually spend on Black Friday?
    • Is the Black Friday revenue increasing?
  • Are you shopping on Black Friday?
  • Are people really shopping for gifts on Black Friday?
  • What is Single’s Day in China?
  • How many people will be buying items for themselves this Black Friday?
  • What if you had a chance to turn the tables on Black Friday?
  • How can you put an extra $1000 bucks in your account?
  • How can you navigate Black Friday well?
  • How do wishlists delay unnecessary purchases?
  • What are some creative alternatives to Black Friday?
  • How might an experience be the best gift?
  • Do you have a gift for Do It Yourself (DIY)?
  • What are some ideas for meaningful gifts?
  • What are some successful Black Friday strategies?
    • What about saving in advance for Black Friday?
    • What do you do with credit cards?
    • What about spreadsheets?
    • How can compare prices easily?
    • How do timers help?
  • How do most people shop for Black Friday?
  • What about naps?
  • What about meditation?
  • What about deep breathing?
  • What about a good night’s sleep?
  • How can you limit your expenses based on AGI?
  • How does your income affect your Black Friday?
  • What should you watch for on Black Friday?
  • How do you make Black Friday work for you?

Episode 62: #FIRE Extinguishers with Brandon and Amanda Neely

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In this episode, we ask:

  • Who are Brandon and Amanda Neely?
  • Grandma’s Wealth Wisdom Podcast
  • What is the F.I.R.E. strategy?
  • What does F.I.R.E. stand for?
  • How does one know they’re F.I.R.E.d?
  • How do you calculate your freedom number?
  • What are the pros of people going for this strategy?
  • What are the downsides of F.I.R.E. ?
  • What things do the F.I.R.E. people take off the table?
  • If someone was trying to retire early, how does one avoid the pitfalls?
  • What are the F.I.R.E. extinguishers?
    • Have you considered Tax Deferred Plan penalties?
    • Have you considered the Stock Market risks?
    • Have you considered the possibility of tax increases?
    • Have you considered the possibility of rising inflation?
    • Have you considered the fees?
    • Have you considered future medical expenses?
    • Have you considered Long Term Care expenses?
    • Have you considered unexpected large expenses?
    • Have you considered opportunity cost?
  • What are the perfect matches – the F.I.R.E. starters?
    • Bank on Yourself type life insurance policies
    • Access the money without penalty
    • Uninterrupted compound growth
    • No double tax payments
    • Hedge against inflation
    • Pay fees up front
    • Coverage for Long Term Care
    • Can make large purchases
    • Have growth continuing while you use the money for expenditures
  • What are other options?
    • Why is access without penalty crucial?
    • What did Brandon and Amanda do with their dividend paying whole life insurance policy?
    • How did this put them in a really good position?
    • What would Grandma say about this concept?
    • Did a single Grandma own a 401(k)?
    • What does retirement look like?
    • Contact Brandon and Amanda and subscribe to the Grandma’s Wealth Wisdom podcast at GrandmasWealthWisdom.com

    Amanda and Brandon Neely are small business and financial professionals.  They founded and ran Overflow Coffee Bar, L3C from 2008 through 2018.  Now, they share their experiential knowledge through podcasting and through developing personalized financial strategies for individuals and couples.  Their goal is to help people build wealth – the sort of wealth that would make their Grandma proud.  Subscribe to hear more at Grandma’s Wealth Wisdom podcast or wherever great podcasts are found.