Not Your Average Financial Podcast™

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

Episode 400: How to Never Run Out of Money – Even if You Live to 120!

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In this episode, we ask:

  • Would you like to join us live for the Bank on Yourself® Rescue Your Retirement Bootcamp on May 6th, 2025, 1PM-5PM ET?
  • Will you run out of money if you live to 120?
  • What are we going to do make sure your money doesn’t run out before you do?
  • What about market volatility? Do you remember 2008?
  • What replaced the pension plans?
  • What about inflation risk?
  • Is the answer investing in the market?
  • What does the economist William Sharpe say?
  • What percentage can one take out of a 401(k) without running out of money?
  • What percentage of 65 year-olds will live beyond age 90?
  • Who is underspending?
  • What about annuities?
  • What about inflation-protected payouts?
  • What is the only true form of retirement security?
  • What are endowments?
  • What is the history of the annuity?
  • What happened to Babe Ruth?
  • What about Ben Bernanke?
  • What is a fixed indexed annuity?
  • What about immediate pay annuities?
  • What about letting your money grow before turning on income in an annuity?
  • Why do so many financial infotainers bash annuities?
  • Are there quality annuities?
  • What about special benefits?
  • What about increasing income?
  • How about some case studies?
  • What about guaranteed lifetime income?

JOIN US LIVE
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WHO: The Top Bank on Yourself® Professionals
WHAT: An afternoon-long bootcamp
– a deep dive into the workings of Bank on Yourself® –
(lifetime access to the recording available!)
WHEN: May 6th, 2025, 1PM-5PM ET
COST: $47
WHERE: ONLINE
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Episode 398: The Golden Parachute

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In this episode, we ask:

  • Are you interested in 3 ways to leverage cash value life insurance for a secure business exit?
  • Who has an exit plan?
  • What are the benefits of a golden parachute?
  • What happened in the ’80s?
  • What lowers the risks of takeovers?
  • What are some example scenarios?
  • Do you have a Bank on Yourself type whole life insurance policy in the business?
  • What about securing a legacy while also ensuring business continuity?
  • Would you like to join us at the FREE Not Your Average Financial Community at notyouraverage.mn.co?

Episode 396: Double Bonus Strategy: Enhancing Employee Benefits With 162(a) Plans

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In this episode, we ask:

  • Would you like to meet with Mark?
  • What are the challenges for small businesses?
  • What’s wrong with a small business’s 401(k) offering?
  • What is the problem with fees?
  • What is the problem with liquidity?
  • What are the penalties?
  • What about the severe loss of control?
  • What about forced participation?
  • Why, with all of these problems, does everyone set up 401(k)s?
  • What about a financial Frankenstein?
  • Is the proof in the pudding?
  • How are we fairing?
  • What is the average 401(k) balance for a 55 year-old?
  • How might a business owner attract the best talent and offer the best benefits?
  • Why are Bank on Yourself® type whole life insurance policies superior?
  • Would you like to hear Episode 36?
  • What about tax?
  • What about eliminating restrictive rules?
  • What about going from a 401(k) to a 162(a)?
  • What are executive bonus life insurance contracts?
  • What are the administrative costs?
  • What are the additional benefits?
  • What are the considerations?
  • What are the backup options?
  • How about an example?
  • What is a double bonus?
  • What about the tax?
  • Would you like to hear Episode 206?
  • What can the employees do?
  • What about the taxation of social security benefits?
  • What if tax rates double on you on income in required minimum distributions or other qualified distribution income?
  • What are additional benefits of the 162(a)?
  • Would you like to establish a better than a 401(k) alternative that benefits your employees profoundly?
  • Would you like to meet with Mark?

Episode 394: What Counts as Financially Successful Today?

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In this episode, we ask:

  • Would you like to unlock the magic and Request a Meeting?
  • Where did Mark travel as a kid?
  • Do we live in the future?
  • What about the stagecraft?
  • What does financial success look like for Americans?
  • Would you like to view the Houston Chronicle article?
  • How much would it take to feel financially successful?
  • What about Generation Z?
  • What does social media have to do with it?
  • What are the numbers?
  • What’s the viability of the numbers?
  • Who has seen Inventing Anna?
  • What about Leon Festinger’s social comparison theory?
  • What about F.O.M.O. and envy?
  • What’s the allure?
  • What does this do to the human soul and human psyche?
  • Has the American dream become an American fantasy?
  • What are the differences in the generation’s views?
  • What about overcoming the social media hype?
  • What about digital detox?
  • What about volunteering?
  • What about mindfulness and self-awareness?
  • Are you being manipulated?
  • Are you comparing yourself?
  • Who can help?
  • What about blocks?
  • What happens when people have lost it all?
  • Who doubles down on the risk?
  • What about figuring out a better way?
  • What are the ten secret places…?
  • What about creating a business?
  • What about hiring family?
  • What about real estate?
  • What did Reader’s Digest say about life insurance?
  • What does your financial success look like?
  • What is the reality?
  • Who gets to define your financial success?
  • Who taught you think this way?
  • Are you ready to lift off?

Episode 376: [Client Spotlight] Due Diligence and the Income Snowball with Tanisha Souza

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In this episode, we ask:

  • Did you have a Game Genie or similar childhood thrill?
  • Do you remember the Choose Your Own Adventure books?
  • What is the income snowball?
  • How does one generate passive income?
  • Who is Tanisha Souza, J.D.?
  • What about due diligence?
  • How about a story?
  • What does Tardus Wealth Strategies do?
  • What is wealth coaching, and how is it different from financial advising?
  • What is the income snowball?
  • What is Tanisha’s background?
  • How does the income snowball work?
  • What are some examples of people on the income snowball?
  • What about a passive income strategy?
  • What’s the difference between an accumulation strategy and a passive income strategy?
  • What about replacing living expenses?
  • How about leverage?
  • Why leverage Bank on Yourself type whole life insurance policies with the income snowball?
  • Would you like to read Tanisha Souza’s book, Creating Your Income Snowball?
  • What are the benefits of shorter terms?
  • What are the risks?
  • What’s a slow burning fuel?
  • What’s a fast burning fuel?
  • What’s the risk tolerance?
  • Would you like to visit creatingyourincomesnowball.com?
  • What are the takeaways?

Tanisha Souza, J.D., is an author, patent-holder, professional speaker, wealth and passive income coach, and entrepreneur. She has a passion for teaching people how to live their dreams by quickly building passive income without risk. Tanisha quit the practice of law after replacing her income with passive income from real estate, and she launched Tardus Wealth Strategies, a full-service wealth and passive income coaching firm. Tanisha studied and obtained her bachelor’s degree at U.C. Berkeley and obtained her juris doctorate from the U.S.C. Law School.

Episode 369: Money, Emotional Intelligence and Mr. Rogers with CFO David Richter

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In this episode, we ask:

  • Do you remember Mr. Roger’s lessons?
  • How might the Profit First system work with real estate investing?
  • Who is David Richter?
  • What about great role models?
  • What about emotional intelligence?
  • What is key for business owners?
  • When did David’s first deal happen?
  • What happened to that company?
  • What happened when David moved across the country?
  • What about make, spend and keep?
  • What is a fractional CFO company?
  • Would you like to hear Amanda Neely on Episode 165?
  • Have you played the cash flow game?
  • Who is living deal-to-deal?
  • What about paying yourself first?
  • What is Profit First in a real estate investing context?
  • What is the biggest challenge for real estate investors when it comes to making a profit?
  • What about the culture’s drive for more, more, more?
  • What about making money and keeping it?
  • What game are you playing?
  • How do Bank on Yourself® type whole life insurance policies take it a step deeper?
  • What are some examples of quarterly and annual accounts?
  • What fits right in?
  • What turbo-charges Profit First?
  • What about the legacy play?
  • What about saving?
  • What can business owners do to start?
  • Do you have a handle on your cash?
  • What about the Profit First cheat sheet?
  • Can you learn to keep it?
  • How does following simple systems change everything?
  • Would you like to visit simplecfo.com/gift ?
  • What are the takeaways?

David Richter is an active real estate investor who has been essential in closing over 850 deals over the last 10 years. He has experience with wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and other exit strategies.

David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system. He has been featured on Biggerpockets, Real Estate Disruptors with Steve Trang, and many other podcasts, shows, and stages.

David authored Profit First for Real Estate Investing – a derivative of the original Profit First by Mike Michalowicz, tailored specifically to Real Estate Investors. His goal is to completely transform the Real Estate Investing industry by helping real estate investors make and KEEP more money in their businesses. As the founder and owner of SimpleCFO Solutions, he wants to bring investors true financial clarity and freedom and help every investor stop living deal to deal.

Episode 368: A Better Way to Profit First with Mike Michalowicz

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In this episode, we ask:

  • Have you ever wished you were just average?
  • Are you a business owner?
  • Why do some business owners thrive and others merely survive?
  • What if it were easy to become profitable?
  • Who is Mike Michalowicz?
  • What is the commercial that changed Mike’s life direction?
  • What happened when Mike was in overwhelming debt?
  • What is Parkinson’s law?
  • What about doing fewer things, better and faster than ever?
  • What about making the (scary) choice to take profit first?
  • What did Mike realize?
  • What about cost cutting?
  • What about growth?
  • How did Mike flip the (Sales-Expenses=Profits) formula to (Sales-Profit=Expenses)?
  • Would you like to hear Episode 165?
  • How might one implement Profit First?
  • What is a behavioral intercept?
  • How might we set up a system to drive the results we want?
  • What are the core elements?
  • What is the vault?
  • What about blending the Bank on Yourself® strategy and Profit First?
  • What are the pitfalls?
  • What about Occam’s razor?
  • What about leveraging your natural tendencies?
  • What are Mike’s four healthy habits?
  • Did you know that Brandon Neely and Amanda Neely are Certified Profit First Professionals?
  • What is a Certified Profit First Professional? Would you like to visit profitfirstprofessionals.com?
  • What about Mike’s latest book, All In?
  • What do your clients want more than anything else?
  • What are the takeaways?
  • Which one of these actions will you take this week?
Mike Michalowicz is an investor, active partner in multiple companies and a prolific author. His bestselling book, Profit First, has sold more than one million copies.

Mike is a former small business columnist for The Wall Street Journal, and he launched three multi-million dollar companies before his 35th birthday.

If you enjoyed reading Profit First, you may also enjoy his other books, including All In, The Pumpkin Plan, Clockwork, Fix This Next, Get Different, My Money Bunnies, Surge and The Toilet Paper Entrepreneur. 

Episode 366: From Mowing Lawns to Mastering Money with Dave Bonnemort

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In this episode, we ask:

  • Does X mark the spot?
  • Who is Dave Bonnemort?
  • How did Dave get his start?
  • How many policies does Dave and his family own?
  • What is the E.S.I. framework?
  • What about earning?
  • What about saving?
  • What about interest?
  • What about banking?
  • Who is good at at least two of the three?
  • What about investing in yourself and your health?
  • What about education?
  • How might we bring value to others?
  • What have you done to help keep up with inflation?
  • What is the difference between saving and investing?
  • Is a 401(k) saving or investing?
  • What about the book Becoming Your Own Banker by Nelson Nash?
  • What about keeping your debts low?
  • What did Charlie Munger say?
  • What about Willie Sutton’s law?
  • What about the changing rules?
  • Have you looked at the history of taxes?
  • Where are the big payouts?
  • What about risk?
  • What about the likelihood of loss vs. the likelihood of winning?
  • What about volatility?
  • What about saving and building capital?
  • What about being broke as a joke?
  • How did Dave 10x some of his money?
  • Who knows better (what to do with your money)?
  • What about banking, rate and volume?
  • What are the two businesses?
  • How about patience and hard work?
  • What about the mindset?
  • What are the ugly, painful, grinding years?
  • What about the capitalization phase?
  • How is this like starting a tree farm?
  • What about the loan phase?
  • How much money do you bring in every month?
  • What dollar amount do you bring in as loans?
  • What if you were paying yourself back (for loans) and recapturing that interest instead?
  • Would you like to hear Part 2 with Dave next week?
  • What are the takeaways?
  • What about the need to have accessible, liquid capital?

Dave Bonnemort is a current client and active practitioner of the Becoming Your Own Banker concept, as well as a husband to an amazing wife and father to three incredible kids.

He makes his living as a small business owner, is a student of Austrian economics, and a personal finance junkie.

 

Episode 357: Mastering Your Financial Future – Strategies for Wealth Building with Grant Thompson

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In this episode, we ask:

  • What if…?
  • What if you could be the master of your financial domain?
  • Who is Grant Thompson?
  • Would you like to hear Episode 208?
  • When was Grant’s “aha” moment?
  • What really works with money?
  • What is the right thing?
  • What is the truth?
  • What should we be doing?
  • What do you want?
  • How about a story?
  • What will be your exit plan?
  • What did Nelson Nash say?
  • Is it true or false?
  • Can they prove it?
  • What about shame?
  • What about social media?
  • What was Nelson like?
  • Would you like to hear Episode 95?
  • Would you like to hear Episode 96?
  • What about the Austrian economists?
  • What about teaching the process of the banking function?
  • Have you read the Creature from Jekyll Island book?
  • What about getting to 10%?
  • What economic system works?
  • What systems don’t work?
  • What do you have to wait for?
  • Who can opt out of the banking system?
  • What would change?
  • How would credit card companies be impacted?
  • How would marriages be impacted?
  • How would student loan companies be impacted?
  • What about creating your own private financial system?
  • What about tax efficiency?
  • What about safety?
  • What about growth?
  • What are the other benefits?
  • What about taking care of your family?
  • What about taking care of charities?
  • What about the rate of return?
  • What is the amount of money going out the door?
  • Who is making a ton of money?
  • What are the four places money can go?
  • How much income is going to debt?
  • Can you cut your spending by 10%?
  • How much money are you hanging on to?
  • Who has the most money?
  • What about control?
  • What will stabilize everything?
  • What about passive income?
  • How do you want it?
  • What are we missing?
  • What about rethinking thinking?
  • What about Ted Benna, the father of the 401(k)?
  • What about key executives?
  • What about employee benefit plans?
  • Who else is doing this?
  • What is the truth? What is real?
  • How about success?
  • Are people happier with guaranteed lifetime income?
  • Who are you listening to?
  • What is the best thing to do?
  • What about greed and fear?
  • Who are the right people to help you do it right?
  • What about taking some time to investigate it?
  • What did Thomas Edison say?
  • What about truth being dressed in overalls and looking like work?
  • Is it easier to believe the lie?
  • Would you like to visit thompsonthurman.com?
  • Would you like to call Thompson & Thurman at 806-352-3480?
  • What are the takeaways and action items?

Grant Thompson works with families and their businesses nationwide. The Thompson & Thurman Agency works with families who share in their vision and want to become financially set for life without taking unnecessary risks. With so much misinformation in our financial world today, families really need guidance and direction to find the true path to financial freedom. Grant, Chris and their team of trusted advisers nationwide have are leading the way to meet that challenge. Grant is married to his wife Kathy and they have 2 sons Blair and Blane along with his wife Brittany. Grant enjoys spending his spare time with his family at reining and cow horse competitions plus trying to squeeze in a shooting competition every now and then with his sons. thompsonthurman.com

Episode 355: The Ultimate 401(k) Upgrade – Tax-Free Income and Market Protection

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In this episode, we ask:

  • What is finite?
  • How do we solve that problem?
  • What can be converted into a lifetime stream of income?
  • Is there a stream of income that you cannot outlive?
  • Would you like to hear Episode 354?
  • How can you get through your retirement without coughing up a third of your income into taxes and fees?
  • What about the allegory of the cave?
  • What about the fear of change?
  • Who has a 401(k)?
  • Did you know…?
  • What could take about half of your life savings away?
  • Are you one of the lucky ones?
  • Would you like to hear Episode 79?
  • How much would one have after taxes and fees?
  • How much could one take per month?
  • What about another way?
  • What if one could spread it out slowly?
  • What happens in systematic withdrawal?
  • What are some possibilities?
  • Who would like to preserve the wealth?
  • How about an example?
  • What about annuities?
  • What about fun?
  • What would you rather have?
  • Would you like to meet with Mark?