Family

Episode 259: The Top Ten Keys to Becoming Your Own Banker with Marty Smith

August 19, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the most important business in the world?
Who is in the banking business?
Who is Marty Smith?
What about a Marty Smith trilogy?
Where has Marty and his wife been living for 46 years?
How long has Security Mutual of New York been in business?
What are the flagship products for Security Mutual Life Insurance Company (SML)?
What about Nelson Nash?
What about the death benefit?
What about building cash value?
What is a wonderful combination?
What is the biggest hurdle?
What about education?
How many days since the last paradigm shift?
What is the infinite banking concept?
What about the book, Becoming Your Own Banker by Nelson Nash?
Who was Nelson Nash?
What about Austrian Economics?
What about forestry?
How far into the future do you think?
What about real estate investing?
What about being a pilot?
How does money actually work?
How do you think?

What are the top ten keys?

1. What is the most important business in the world?

Banking

2. What is banking?

Where some one or organization controls a pool of money

3. What about the one pool of money?

It applies to everyone

4. What about the reality of financing everything you buy?

You either pay interest to someone
Or you give up interest you could have earned by paying cash

5. What about the alternate use of money?

Opportunity Cost

6. What is the real problem?

Paying roughly a third of income on interest, fees and charges

7. What about the need for finance?

Probably greater than the need for life insurance protection

8. What about better control over principal and interest for big ticket items?

Cars you own,
major appliances,
education,
housing,
down payment on a house,
investment opportunities,
business equipment and inventory

9. What about creating a system of finance?

Using dividend paying cash value whole life insurance
(NOT Universal Life (UL), NOT Variable Life (VL), NOT Indexed Universal Life (IUL))

10. What about a major paradigm shift? Do you understand how money works?

It requires a major paradigm shift
A personal wealth building strategy

What about the book Debt: The First 5000 Years by David Graeber?
Who do you want to be in control?
Would you like to hear a story?
Is banking a problem?
What is the solution to the problem?
What would change?
What about increased freedom and joy?
What about being financially independent?
What about a personal wealth building strategy that actually works?

Marty Smith is the Regional Vice President of Security Mutual Life Insurance Company of New York. He loves Infinite Banking and Bank on Yourself Concepts, Circle of Wealth, and Wealth & Wisdom. He believes that “dividend-paying, cash-value whole life insurance” is the greatest financial product that’s ever been created.

Episode 254: Solving the Unsolvable Financial Problems with Steven Step

July 15, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

How do you solve an unsolvable problem?
Can you solve a Rubik’s cube?
What about complexity?
Who is Steven Step?
What’s Steven’s story with Bank on Yourself®?
What happens every year on the policy statement?
What is always increasing?
What is the best way of creating a safe, tax-free retirement income?
Are there many safe, tax-free instruments available?
What about paying taxes?
What about social security?
What about the adjusted gross income?
How much is exposed to taxation?
What about financing bigger items?
How many policies does Steven own?
How many cars has Steven purchased?
What about medical emergencies?
What about an example?
What about feeling great?
What about ease?
What about a 401(k)?
What about Bank on Yourself®?
What about a traditional pension?
What about surprisingly high fees?
What about the market?
What about dollar cost averaging?
What are they not thinking about?
When will the market crash?
Does all the money saved in a 401(k) belong to the 401(k)’s account holder?
What about the IRA?
How long are you going to live?
What about the layers of complexity?
…How much in retirement assets?
What is possible?
Do you have to start taking required minimum distributions?
What about the tax payments?
What about the specific situation?
What about the The Baby Boomer Dilemma movie?
What’s Steven’s story with a client who held a 401(k)?
What happened in 2008?
What will the sequence of returns look like?
What is Steven’s hope?
Where will you be when you’re at age 82?
Would you like to connect with Steven? Call 800-245-4677 or reach out at connectwithstevenstep.com
Would you like to reach out to Steven and get access to view The Baby Boomer Dilemma?
Aren’t you thankful for Steven?
Would you like to review this podcast? Send us a screenshot of your review to hello@nyafinancialpodcast.com!

Steven Step is the President of A Step Ahead Financial, Inc. He is the co-author of The Secret to Lifetime Security. Steven has a Masters in Business Administration from USC. He has thirty years of experience helping hundreds of families build wealth, save taxes and retire comfortably.

Episode 253: Everybody Else Has a Plan for Your Money with Brandon Neely

July 8, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Is it possible to give what you have not received?
Who is Brandon Neely?
What is Brandon’s superpower?
What does Brandon suggest?
Why does Profit First matter?
What (who) is the biggest risk?
What (who) is the biggest asset?
What happened when Brandon and Amanda sold their coffee shop business?
What about closing or selling a business?
How do you position yourself to be in a better, healthy place?
What helps the resilience of a business owner?
Would you like to hear Episode 165?
What is the STILL method?
What is CHAOS?
How might we remove the chaos?
What are some practices?
What about goals?
What about tracking?
What about inspecting?
What about adjustments?
What about living deliberately?
What about everyone’s goals being different?
What about business owners?
What about real estate investors?
What about a 401(k)?
Does everyone have a plan for your money?
What about Bank on Yourself® type whole life designed policies?
What about tracking?
What about volatility?
Is the rate of return the real rate of return? Are you tracking?
Are you finding the truth in the fees?
What about budgeting?
Have you used YNAB yet?
Who has their head in the sand?
What is the definition of insanity?
Are there any do-overs?
Are you looking for 1% adjustments?
What about the expense challenge?
What about the hundreds of subscriptions?
What about incremental change?
What about the policies?
What about living deliberately?
What about action?
What about contemplation?
What about giving?
What’s the difference between the entrepreneurs and the wantrepreneurs?
What about refining your goals?
What happened with Brandon’s son?
Would you like to visit the stillmethod.com?

Brandon Neely is a serial entrepreneur, Profit First and Bank On Yourself Professional, and the co-host of Wealth Wisdom Financial Podcast with his wife and business partner Amanda. He and Amanda founded and managed Overflow Coffee Bar, L3C from 2008 through 2018. They learned a lot of what to do and NOT to do through that experience. They have since sold that business. Now, as financial allies, they share their experiential knowledge through podcasting and developing personalized financial strategies for individuals and profitability strategies for businesses. They continue to help clients implement the Profit First system as well as how to use a Bank On Yourself framework to grow their businesses and future. Connect with Brandon at Wealth Wisdom Financial via the STILL Method.

Episode 249: Whole Life Takes How Long to Break Even? with Dan and Rebecca Proskauer

June 10, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What happened in the middle of the tech bubble?
Why is it OK for policies to take years to break even?
How is this not a deal breaker?
Who are the Proskauers?
Would you like to hear Episode 118?
What is Dan and Rebecca’s story with money?
How did they pay for the wedding?
How did they pay for the down payment on the house?
What about being in control of money (as opposed to having money be in control)?
What happened after college?
What about savings?
…How much did you make?
…Did you sell anything?
What happened in the financial crisis?
Where are we in the market cycle?
What did Dan and Rebecca change?
Is Bank on Yourself® too good to be true?
What happened when Dan and Rebecca started their Bank on Yourself® journey?
What about the whole family?
What about time?
What about up-front costs?
What about the post on the Not Your Average Financial Community?
What about breaking even?
What about taking on a challenge, to prove that the Bank on Yourself® concept doesn’t work?
What about looking at illustrations?
What about tax realities?
What about high interest rate savings account?
What about tax in a tax-deferred account?
What about treasury bonds?
What about the death benefit?
What about the numbers equalizing over time?
What about Day 1?
What about the cash value?
What about a stop loss?
What about comfort?
What about allowing to money to compound?
What about having access to money?
What about “break even” points?
…Compared to what?
What about start up costs with everything?
Who cares about the first 10 years?
What is far, far greater than what you put in?
What about value?
What about the long term benefits?
What about the generations?
What about Dan’s mother?
What about the family property?
What about an endowment?
What about the spectacular benefits of thinking long range?
What about up front expenses and costs?
What about taking the leap?
What about talking to people who have already taken the leap?
What about reliability?
What about flexibility?
What about the rolling average of gains?
Would you like to join the conversation and tag Dan on Not Your Average Financial Community?
What happens on Day 1?
Would you like to meet with Mark?

Dan Proskauer is Vice President of Engineering United Health Group’s Optum unit and has spent nearly 30 years as a professional in the Semiconductor and Health Care industries.

He is an engineer by personality and by training and has always been fascinated by details and numbers. Dan has been a Bank on Yourself practitioner since mid-2009 and has started new policies as recently as last year.

Episode 244: Why Is College Getting More Expensive? with Angie Grimm

May 6, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What would you think of a young person walking up to you with a business plan?
Would you loan him money?
Do you have kids?
Do you know someone with kids on their way to college?
Who is Angie Grimm?
What happened when Angie was a senior in high school?
What did she learn?
What’s the cost of college now?
Why is college so expensive?
Should every family apply for aid?
What about the rules and regulations?
What sort of assets penalize families?
What sort of assets benefit families?
What is the definition of “late stage” planning?
What age should you start planning for college?
How long do most students have to decide what offer to take?
When is too early to start planning for college?
What about picking the wrong school?
What about merit packages for your student?
What sort of research does Angie do for students?
What about estimating the cost of college?
Are colleges transparent with all of the ancillary costs?
What’s Angie’s biggest frustration with the system?
What about innovations?
What about tuition scales based on marketable degrees?
What about graduate school or advanced degrees?
Why is there so much student debt?
What about parent debt?
What about budget planning for college?
How does Bank on Yourself® type whole life insurance policies work with college planning?
What about parents lending to their own students?
What about the obligatory cost of just being alive?
What about acceleration and recoup?
Can you loan your way through retirement?
Do you want your student to have even $1 in debt?
What about the holistic plan for all of your kids, at the same time?
What about inheritance?
What does Angie love most about what she does?
Would you like to work with Angie?
Would you like to visit the College Solutions website?
What are the three types of scholarships?
What are some strategies to lower the cost of college?

Angie Grimm is the Lead College Funding Professional at College Solutions LLC in Amarillo TX. She is a financial professional specializing in solving the late-stage college planning problem for families.

Over the last 13 years, Angie and her team have worked with hundreds of families with college-bound students to successfully enroll in the college of their choice, improve their financial aid picture, and to pay for college on a tax-favored basis while keeping their other financial goals and retirement plans intact.

She has researched and developed extensive knowledge about the college financial aid system, benefiting families with advice and strategies that most parents don’t think about or have access to when saving and paying for college. She prides herself in helping students make an informed educational decision to pursue their educational goals. As a financial professional she assists parents to improve their financial aid picture, paying for college on a tax-favored basis, and set up a solid financial roadmap for college and retirement.

Angie resides in Amarillo, TX with her husband Mike. They have 2 children. One who has already been through the college experience and graduated debt-free. The second who is still in college and working on her degree. www.CollegeSolutionsLLC.com

Episode 242: Die with Zero and Love Every Minute of It

April 22, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the purpose of your money?
What’s it all for?
What happens when you get more money?
What is the key?
What about a story?
What is ROE?
What about Bill Perkins’ book, Die with Zero?
What happened when Mark went to Japan?
What about memory dividends?
What about paying attention?
What about another story?
What about receiving money without working?
What about understanding value?
What about thinking about money differently?
What is the purpose of money for you?
What is your current definition of money?
What about out living your money?
What about annuities?
What about maximizing cash flow?
What about whole life insurance?
What about accessing cash value?
What happens to the death benefit?
What about giving away your cash before you die?
What about traveling when you’re younger?
Would you like to meet with Mark?
What about choosing a year to start lowering your net worth?
How might you calculate it?
What about your Maximum Net Worth?
What about your remaining Years of Life Expectancy?
What about your annual spending?
What about the growth rate of 4%-5%?
What will sustain you after your net worth is spent down?
What are people saying?

Episode 240: [Client Spotlight] From Term Insurance to the Meaning of Life with Thomas Paukovitz

April 8, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What about the meaning of life?
What about taking responsibility?
Who is Thomas Paukovitz?
What’s his story with money?
What happened with Thomas and Amanda in the first year of marriage?
What did they learn?
What about goal setting?
What about student loans?
What about car loans?
What about debt?
What about teaching about money?
How does personal responsibility fit?
What about whole life insurance?
How is this different from term insurance?
Is there an issue with buying term online?
What about convertible term?
What about cash flow?
What are the benefits of convertible term insurance?
What about an emergency fund?
How did the pandemic alter expectations?
What about paying for adoption?
What are the plans?
What about real estate?
What about property?
What about freedom?
What about volatility and risk?
What is reliable?
What about guarantees?
What about dividends?
What about flexibility?
What about follow through?
What does the word responsibility mean to Thomas?
What about purpose and intent?
Would you like to talk with Thomas on the membership site?
Would you like to read about their adoption journey at paukoparty.com?
Would you like to learn more about convertible term insurance? Get on Mark’s Calendar to Ask about Convertible Term Insurance

Thomas is a father of two girls and married to his wife Amanda. They live in Chicago and are proud Cubs fans! Thomas is a great friend of over 10 years. We have gone on long runs together and have worked on big projects in various arenas of service, church, and more. I’ve got to see Thomas working at his best, being a great listener and a servant leader. He works as an IT analyst in a law firm In downtown Chicago.

Episode 238: [Client Spotlight] Variable Paychecks to Permanent Lifetime Income with Christian Ward

March 25, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Christian Ward?
How did Christian earn his first dollar?
How does Christian handle the ups and downs of living on real estate commissions?
What is it like starting out as a realtor?
What about working on the business of real estate?
What about Profit First?
How did Mark and Christian meet?
What about knowing what you don’t know?
What about growing financial savvy?
What about growing more peaceful?
What about self improvement?
What happened in 2011?
What about running?
What about health?
What about planning for longevity?
What lessons did Christian learn through caretaking?
What about self-reliance?
What about not out-living savings?
What were Christian’s goals?
What problems does a flexible premium annuity solve?
What about lifetime income?
What happened with the investment advisor in early 2020?
What about reducing volatility?
Have you read Profit First?
How has Christian applied Profit First principles?
What are Christian’s current and future goals?
How might we pay our future selves?
What about being deliberate and thoughtful?
What about managing stuff?
Would you like to work with Christian?
Would you like to visit christianwardhomes.com?
Would you like to hear Christian’s podcast, Interesting Humans?
Would you like to join our Not Your Average Financial Community?
What are people saying?

Christian Ward is a seeker, writer, podcaster who happens to do real estate to make a living.

He has lived in many parts of the country; for the past 31 years Ann Arbor, MI has been his home. He is the podcast host of Interesting Humans a deep dive into the mindset, the philosophy and the achievements of the people around us who have fascinating narratives to share.

Episode 237: The Periodic Table of Abundance

March 18, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Did you know we work with clients in all 50 states?
What are your financial goals and objectives?
What about long, deep conversations?
What about satisfaction?
What about documents?
What about questions?
What about general overwhelm?
What about talking and thinking about it?
What about courage?
What are the twelve general categories in the the Periodic Table of Abundance?
Do you remember the Periodic Table of Elements?
Would you like to join the Not Your Average Community membership site?
What about building a true financial teams?
What about six month reviews?
What about a deep dive on one of the elements?
What about Scaling Up?
What is EADS?
What might you eliminate?
What might you automate?
What might you delegate?
What might you scale?
What about building your money team?
How do you talk with your spouse or family about money?
What happens when tough times or windfalls come?
Do you have budget meetings?
What about syncing up with your financial professionals?
Who should be on your team?
Who should not be on your team?
What about challenges and opportunities in liquidity?
What about storing water?
What about the flow of water?
What about market volatility?
What about fees?
Does where you put your money matter?
What about discovering your savings rate?
What else or who else can help you with this?
Would you like to join us in the Not Your Average Financial Community?

Episode 224: Uninsured and Loving It with Andy Schoonover

December 17, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What about health insurance?
What is the cost for covering a family in the U.S. for healthcare?
Who is Andy Schoonover?
What about healthcare.gov?
What happened with Andy’s daughter?
How much was the 15-minute procedure?
What about procedures being considered medically unnecessary?
What is CrowdHealth?
What about families going bankrupt because of medical expenses?
What about catastrophic events leading to financial distress?
What about monthly premiums and deductibles?
What are our day to day medical needs?
How does one pay for the big medical expenses?
What is the cost?
What happens if the expenses exceed $500?
What about crowd funding for health care?
What about wellness visits?
What about ER visits?
Will other members pay the bill?
What are the incentives for giving?
What about claims?
What about medical bill negotiation?
What about getting the monthly bill low?
What about adding market forces into healthcare?
What about negotiating forces?
Who owns the money?
Who has to give permission to move money?
What about guarantees?
What about denial of claims?
How many bills have been funded?
Why is this so marginalized?
What about the regulatory environment?
Do you need to show a religious affiliation?
What are the guidelines?
What are the limitations or the pre-existing conditions?
How are health insurance premiums incentivized to go up?
How are the incentives different for CrowdHealth?
Would you like to try Andy’s offer on CrowdHealth?
Should we do something because every one else is doing it?
What about business owners?
What about heads of households?
Did you know we are thankful for you?

Andy Schoonover is the founder and CEO of CrowdHealth, a community-powered alternative to health insurance that provides a revolutionary way of paying for healthcare bills through crowdfunding. Schoonover was previously CEO of VRI, a healthcare technology company focused on monitoring patients with chronic conditions out of their homes. He is a graduate of the University of Virginia and Stanford University’s Graduate School of Business.

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