Not Your Average Financial Podcast™

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

Episode 44: Building a Portfolio of Bank on Yourself for the Whole Family

July 6, 2018 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_44.mp3

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In this episode, we ask:

  • How does the banker’s mindset change everything?
  • What does a banker think about all day long?
  • What is a “system” of policies?
  • Why do bankers save cash?
  • Do you remember Scrooge McDuck?
  • When does the banker’s mindset go into full gear?
  • What is the limit of the number of insurance policies one individual can own?
  • Can you imagine owning 40 life insurance policies?
  • What system of policies works best?
  • What is The Family Network Method?
  • How are easterners different from westerners with money?
  • Why do we keep our money secret?
  • How do generations pass money to each other?
  • What about insurability?
  • What if someone is in poor health?
  • What about the guarantees?
  • What is predictable?
  • How do families pay for college?
  • How do families pay for cars?
  • How do the families pass on wealth?
  • What about setting up a trust?
  • What about a real life example of a family purchasing together?
  • What about spoiling your kids?
  • What about final expense and funeral costs?
  • What do you want your last impression to be?
  • Can you expect an inheritance?
  • What about the family farm?
  • Can you predict financial milestones?
  • How did Tim predict milestones? What about Tim’s roadmap?
  • What’s Mark story with opening policies?

For the chart Mark references, see Chapter 11 of the Bank on Yourself Revolution book by Pamela Yellen.

 

 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_44.mp3
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