Income

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

June 21, 2024 by Not Your Average Financial Podcast

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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?

Episode 349: The Heirs or The IRS?

May 10, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What annual day did Americans just survive?
Where do you pay tax?
Who pays the most in lifetime taxes?
Who pays the least?
What about your heirs?
Do you want theirs or your heirs to get the money?
What is legally required?
Would you like to hear Episode 199?
What are the steps?
What about income tax?
What about assets that force an income?
What about assets you can borrow against?
What about collateral?
What about the tax to your heirs?
Is this only for the ultra-wealthy?
What are some ideas?
What happens when the laws change?
What about BITA?
What about taxing the rich?
How does this affect the middle class and less wealthy?
What about estate tax?
What about interest rates?
What about a mindset shift?
Are there capital gains on life insurance?
What are the problems?
What is guaranteed to grow?
What is not guaranteed to grow?
What happens if you find yourself underwater?
What about liquidity?
What about compounding?
What assets compound?
How about an example?
What about the power of compounding growth?
What are the opportunities?
Is everyone going to be able to save enough money?
What about saving a modest amount?
What are billionaires doing with their stocks and real estate?
What are the quick takeaways?
What are the strategies?
What about the risks with common strategies?
What about whole life insurance?
What about reducing your tax burden now?
What about a Bank on Yourself® type whole life insurance policy?
Would you like to visit notyouraverage.mn.co?

Episode 336: [Periodic Table of Abundance] No.7 Financial Independence and the Magic of Collateralization

February 9, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to get the special report on the Periodic Table of Abundance? Would you like to Request a Meeting?
Have you listened to the previous episodes in this series?
- Would you like to hear Episode 330: No.1 Scaling Up and Overcoming Adversity?
- Would you like to hear Episode 331: No.2 Money Team, Family Finance and Estate Planning?
- Would you like to hear Episode 332: No.3 Liquidity and Cash Flow?
- Would you like to hear Episode 333: No.4 Secrets of Leverage with Insurance and Banking?
- Would you like to hear Episode 334: No.5 Achieve Your Ultimate Potential with Investing and Real Estate
- Would you like to hear Episode 335: No.6 Building a Better World Through Business Ownership, Tax Strategy and Giving
What is financial independence?
Would you like to learn about financial independence?
Would you like to learn about the power of financial collateralization?
Do you have enough passive income to cover your expenses?
Do you have to depend on your active income?
Do you have streams of income to replace your day job?
What are your expenses?
What are the stages?
Do you have an emergency?
Why did we choose one year for an emergency?
What about placing your emergency fund in a Bank On Yourself® type whole life insurance policy?
What about passive income exceeding earned income?
Would you like to run the financial independence calculator with Mark or a colleague?
What would it take to cover a luxury item?
What about changing the world through philanthropy?
What about the journey?
What about Odysseus?
What about freedom?
What did Nietzsche say?
What about Frodo?
What about Iron Man?
What about Luke?
What are most financial advisors up to?
What do you want?
What are the five mile posts?
What is basecamp?
What about reducing your expenses or increasing your income?
Would you like to hear Episode 19?
Would you like to hear Episode 63?
What does Parkinson’s law of finance say?
What about being honest with money?
What about investing in yourself?
What about your education?
What about your health?
Are you a better version of yourself?
Do you have an idea of what you will be doing?
How do you expect to be in a different place a year from now?
- What is the greatest challenge you’re facing right now?
- What have you tried in the past?
- What are you going to do next?
- …By when?
What about liquidity?
What will you do in an emergency?
Do you budget?
Do you save in liquid form?
Who has a financially unstable pyramid?
Who is putting all of their money at risk?
Is your money liquid?
Is your money available to you?
Who does this benefit?
Could you cover an emergency expense of $400?
Do you need to sell your stuff?
Why not build a stable financial structure?
What did Tim Austin say about the 10/10/10 rule?
Who is saving 30% of income each month?
Now that I’m saving, where do I save it?
Is your money stashed in the right place?
What about CDs?
What is taxable?
What are you really earning after taxes?
What about interest rates on (multi-year guaranteed annuities) MYGAs?
What about Bank on Yourself® type whole life insurance policies?
What about the power of collateralization?
What about cash value?
Would you like to hear Episode 32?
What about investing in things you understand and control?
What do you need to quit?
Do you need a rental property?
Do you need to borrow against your life insurance policy?
What can you control?
What are you into?
Where can you put your money to work?
How might you create multiple streams of passive income?
How might you buy multiple streams of passive income?
What could you do to add one more stream?
Can you outspend any income?
What about mentoring?
Are you the guide?
What do you have to share with the world?
How are you writing your story?
How many pages do you have left?
Would you like to like to meet with Mark?

Episode 334: [The Periodic Table of Abundance] No.5 Achieve Your Ultimate Potential with Investing and Real Estate

January 26, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you take the next steps toward improvement?
What about real estate?
What is the Periodic Table of Abundance?
What about cash flow?
What about business strategies?
What about charity?
What number, on a scale of 1-10, would you give yourself for …?
- How are rating yourself on Liquidity?
- How are you rating yourself on Family Finance?
Have you listened to the previous episodes in this series?
- Would you like to hear Episode 330: No.1 Scaling Up and Overcoming Adversity?
- Would you like to hear Episode 331: No.2 Money Team, Family Finance and Estate Planning?
- Would you like to hear Episode 332: No.3 Liquidity and Cash Flow?
- Would you like to hear Episode 333: No.4 Secrets of Leverage with Insurance and Banking?
What happens when you mix different elements?
Would you like to hear Episode 283 and/or Episode 284 to learn how to fire your real estate banker?
How can real estate be classified?
What is the median net worth of homeowners?
What about renters?
What are the advantages to real estate investment?
What about passive income?
What are some different ways to get income from real estate?
What about cash flow?
Would you like to hear Episode 332?
What is buy and hold?
What are the drawbacks of real estate?
What are the different ways to invest in real estate?
What about tax?
What about Bank on Yourself® type whole life insurance policies in conjunction with real estate?
What about alternative investments?
What about the potential for advanced returns?
What about terrible loss?
What mistakes are most Americans making?
What causes unnecessary worry?
Who is burying their head in the sand?
Can you make it without investing?
What about private equity funds?
What is already overpriced?
What about hedge funds?
What about commodities?
What about collectables?
What about cryptocurrencies?
Who made money in the gold rush?
What about investments?
What about ATM or vending machines?
What about storage units?
What about billboard space or advertising space?
What about laundry mats?
What about car washes?
What about solar farms?
What about wind farms?
What about cell towers?
What about parking lots?
What about digital real estate?
What about media?
What about entertainment?
Who lost everything?
Do you get to do it?
Do you have to do it?
What does investing require?
What about creating more value?
What are three more elements?

Episode 332: [The Periodic Table of Abundance] No.3 Liquidity and Cash Flow

January 12, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is on your money team?
Who should care about your money?
What strategies, skills and systems do you need to be successful?
Are you on the right track?
What is liquidity?
How fast can you turn that asset into cash?
What is the most liquid asset of all?
What about less liquid assets?
What are the costs?
What is the medium of all transactions?
What about an example?
Are rare baseball cards liquid?
What makes every transaction easier?
What about land?
What about leasing?
What about cash flow vs. a lump sum?
What about the cost?
How stable is the market?
What about comps?
What about dealing in transparent markets?
What about ease?
Is your portfolio locked up?
What is assets / liabilities?
What is the current ratio?
What counts as an asset?
Can it be converted to cash within a month or two?
How liquid are you?
Who is sitting on more cash?
Who gets to take advantage of opportunities?
What assets are considered liquid?
What about the liquidity of cash value whole life insurance?
Who understands liquidity?
Would you like to hear Episode 248?
Are you able to take advantage of opportunities when they come your way?
What about cash flow?
What about coffee?
What is the amount of net cash transferring into and out of your life?
Is the money coming in greater than they money going out of your life?
What about the tax filter?
What about consumption?
What are the levers to pull to change cash flow?
How about increasing the income or reducing expenses?
What are some ideas for increasing cash flow?
Would you like to hear Episode 81?
Would you like to hear Episode 176?
Would you like to hear Episode 213?
What are some ideas to reduce expenses?
What can solve the problems of cash flow well?
Would you like to meet?

The topics presented in this podcast are general information only and not for the purposes of providing legal, accounting or investment advice. On such matters, please consult a professional who knows your specific situation.

Episode 319: The Genius of Business Franchising with Marty Greenbaum

October 13, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Who works as a W-2?
Who wants control over their own business?
What are the benefits of franchising?
Who is Marty Greenbaum?
How about a case study?
What about junk?
Who needs experience first?
How about regional territories?
What’s good about franchising?
Who works with Marty?
Where did Marty’s passion come from?
How many franchises are there in the U.S.?
Is this applicable to your business?
Who is in the business of royalty collection?
What about a vested interest?
What are the advantages to a franchise business model?
Who are the right kinds of people for franchising?
What about an example?
What are the attributes of the top performers?
Who is a good candidate?
Who gets awarded a good franchise?
What are the mistakes or pitfalls to avoid in franchise purchasing?
What about the legal standpoint?
What about the due diligence?
How is the territory determined?
What about speaking with existing owners?
What about mitigating risks?
What about franchise financing?
What about range?
How long does it take to get cash flow positive?
Are banks the final resting place for many businesses?
How does Marty get paid?
Would you like to visit smartfranchiseinvesting.com?
What about industries?
What about brands?
What about thorough due diligence?
What are the right questions?
How are you going to buy this thing?
What about Bank on Yourself® type whole life insurance?

Marty Greenbaum is a top franchise consultant with over 30 years of experience in franchising. He served his family’s franchise opening hundreds of locations and then grew an extremely successful marketing agency in franchising helping brands achieve their goals. He’s a Certified Franchise Executive and Founder of Smart Franchise Investing and is dedicated to helping people make smart decisions when it comes to franchise ownership. He’s helped hundreds of people explore franchise ownership, serving them as a franchise consultant, educator, and matchmaker. Email Marty at marty@smartfranchiseinvesting.com

Episode 317: [Client Spotlight] Homeschooling, Amazon and Financial Freedom with Kate Chattic

September 29, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

How about a story?
What about unforgettable memories with your loved ones?
Who is Kate Chattic?
What happened on Kate’s recent adventure?
What large costs emerged?
What about creative solutions?
How did Kate use her policy loan?
What about problem solving?
What about teaching?
What about resilience?
What about selling on Amazon?
What does a day in the life look like?
Why did Kate start her Bank on Yourself® type whole life insurance policies?
What are the best plans?
What about getting your hands in dirt in gardening?
What about naming the money?
What about an emergency fund?
What about buying a vehicle?
What about choosing to pay back a loan very quickly?
What is Kate’s advice?
What about the generations?
When is the best time to plant a tree?
What are the takeaways?
Would you like to join the FREE Not Your Average Financial Community?

Kate Chattic is a homeschooling mother of seven, yes SEVEN, children! Two of those kids have grown up and flown away to new adventures, but while they were teenagers they aided her in starting a business on Amazon in 2015 that grew to become the full-time income for their family. It took just 2 years to bring her husband, Nate, home from his job to join his family in the business and homeschooling the children. Now their time is spent running their business, teaching others how to sell on Amazon and sharing how to utilize life insurance creatively! katechattic.com

Episode 316: Living Off Rentals with Kirby Atwell

September 22, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

What about short term rentals?
Who is Kirby Atwell?
What’s Kirby’s story with money?
What lessons did Kirby learn?
What about the sheep?
What happened when Kirby was in the army?
What did Kirby read?
What did Kirby realize?
What is Kirby’s unique model for short-term rentals?
What about several thousands dollars a month of net cash flow?
What about “the Albany model”?
What about a utilitarian model vs. high end model?
What about competition?
What about traditional or primary markets?
What is the biggest challenge in this model?
What happens throughout the seasons?
What is the situation on the ground right now?
What about interest rates?
What about loan programs for investment properties?
What about service costs for higher price points?
What about small multi-units?
What about structure?
What about DSCR?
What about long-term vs. short-term rental?
What about using a Bank on Yourself® type whole life insurance policy for down payments?
What about leverage?
What are the typical results in these markets?
How did Kirby discover his passion for short term rentals?
What is the worst case scenario?
What about the capacity to have a bigger impact?
What is the First Vacation Rental Investment Blueprint program?
Would you like to start Kirby’s masterclass?
What are the takeaways?
What is DSCR loan?
What about private money?
What about Bank on Yourself® type life insurance policies?

Kirby Atwell served 6 years as an officer in the US Army, after Graduating from West Point Military Academy. While serving in the military he developed a strong interest in real estate, and he bought his first rental property in 2006. In 2011, he left the service to pursue real estate full time. He started his first real estate investment company, rehabbing over 100 properties either to flip or keep as rentals in the Chicago area. Today, Kirby primarily focuses on investing in high-cash-flowing vacation rental properties. He owns a portfolio of vacation rentals in northern Indiana, where he lives on a 45-acre farm with his wife and young kids. He also helps others who work a full-time job to buy and set up their first high-cash-flowing vacation rental through his signature program called The First Vacation Rental Investment Blueprint. Kirby is the host of the Living Off Rentals podcast and YouTube channel.

Episode 314: Business Formation Strategies with Cheri Hill

September 8, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Have you seen any of our videos on Youtube?
Who did Mark want to be like, when he was a kid?
What did Mark do to his hair?
Ever heard of “Barber on Yourself”?
Who is Cheri Hill?
Who wants to start a business?
Who wants to grow a business?
Who wants to exit a business?
What is Sage International?
How many companies have they set up?
What are the common themes that make or a break a business success?
How can Cheri tell whether someone will succeed or fail?
What about a solid foundation?
Who are the right people?
What does a day look like for Cheri?
What happens in the initial conversation?
What is the right entity?
What documents do they need?
Who does Cheri work with?
How about a horror story?
What about being proactive?
What is entity formation?
What about a LLC?
How does one protect streams of income?
What about a corporation?
What about tax elections?
How do I pay myself?
What about payroll?
What about becoming a W2 employee?
What about quarterly estimated taxes?
What is the goal?
How are C-Corps different?
What about relocations to different states?
What about 1031 exchanges?
What is Cheri’s goal?
What makes sense?
Would you like to call Cheri to schedule a conversation? 1-800-254-5779
Would you like to hear the Cheri Hill show?

Cheri S. Hill, “Wealth Protection Diva” has been a successful entrepreneur/business owner/premier business strategist for the past 30 years as President & CEO of Sage International, Inc., a company honored to play a consistent role in supporting the economic engine driving this country – small business – the backbone of America. Cheri has mastered the art of teaching entrepreneurs how to effectively start, grow and exit a successful business. She’s personally worked with thousands of business owners, entrepreneurs, real estate investors, professionals, and nonprofit founders by putting a solid foundation under each of their dreams. She knows that to win in business you need to be tough, think big and become skilled. As a gutsy successful business owner and sought-after creative mentor to many, she loves to give back!

Episode 310: Wealth on Any Income with Rennie Gabriel

August 11, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us for the FREE Not Your Average Financial Summit?
What is the smallest bird in the garden?
What about the tiny acorn?
What about Gutenberg?
How might small become mighty?
Who is Rennie Gabriel?
What was money like when Rennie was growing up?
What about a personal budget?
What about income and expenses?
What about coming up short?
What is Parkinson’s law?
What did Rennie learn?
What is A.F.I.?
What about attitude?
What about a shift in mindset?
What are the forms?
What about a net worth statement?
What is an asset? What is a liability?
What about investments?
What about businesses?
What about oil and gas?
What about triple net (NNN) leases?
What is not limited to stocks, bonds and mutual funds?
What about debt? What about investing?
How does one generate assets that are creating an income?
How did Rennie pay off credit card debt?
Which is better: paying off debt or saving first?
What about dividend paying whole life insurance?
What did Mark and Katrina do with debt?
How did Rennie and his wife use their dividend paying whole life policy loan feature?
Another revolutionary?!
What about having a foundation?
What about weird assets?
What about the simplest formulas?
- Can you live on 80% or less of your income?
- What about setting 10% aside for future income?
- What about setting 10% aside for unexpected emergencies?
Why is common sense so uncommon today?
What does Rennie think about the school system?
Who is always changing the rules?
What is Rennie’s preference?
What about tax benefits?
What about losing privileges?
Do employees have choices?
What are some of the things Rennie is doing with the 10% for future income?
What about a down payment?
What about investing in business?
What about developing a tremendous income?
Is it too late to develop a tremendous?
How old is too old?
Who is able to develop?
How much should we save?
What is today’s average savings rate?
How can one develop a robust savings?
What about a case study?
What about Rennie’s TEDx talk, Building Wealth with Purpose?
What does money do?
What are the action steps?
What about the 10% rule?
What is a brain-dead way to achieve wealth and financial freedom?
What about the book, The Richest Man in Babylon?
What about the book, The Richest Boy in Athens (for ages 5-12)?
Do you need to review your current financial situation?
Who has discipline?
Who can make conscious decisions?
What about increasing savings each quarter?
Should I pay off my debt first?
Should I invest first?
Neither?
What are you relying upon?
How did we pay off debt? Would you like to hear Episode 75 or hear more about getting out of debt?
What about money?
What about time?
How does true wealth come?

Join us this year, as we explore
the roots behind what we’re inheriting
and how we can navigate in the future.

Who: You! + Amazing Speakers, Authors and Industry Leaders
What: The 3rd Annual Not Your Average Financial Summit
When: September 6-7, 2023; 1PM to 4:30PM CT both days
(Please adjust for your timezone.)
Where: Virtual
How: REGISTER HERE!

Rennie Gabriel went from broke at age 50 to multi-millionaire after learning the three secrets of the wealthy (despite failing high school math). Rennie is a TEDx speaker and now donates 100% of the profits from his books and online programs to rescue dogs and soldiers. His award-winning, best-selling book, Wealth On Any Income has been translated into eight languages.