Not Your Average Financial Podcast™

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

Episode 168: Robert Farrington, the College Investor

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In this episode, we ask:

  • What’s the number one thing in your financial life?
  • What is the moment that compounding can work for you?
  • Would you like to work with Mark? Learn more and apply at bit.ly/worklg
  • How much student debt is there?
  • How did Robert earn his first dollar?
  • How did Robert’s article get so many eyeballs?
  • What about student loan debt?
  • What’s Robert’s story?
  • What are the implications of student loans?
  • How did Robert get debt free?
  • What about increasing income?
  • Who knows how many they have?
  • Did you take out loans with your parents?
  • Did you take out loans with your kids?
  • What are Robert’s 30 ideas for passive income?
  • What repayment can you afford?
  • Should you kick the can down the road?
  • What will you do for the next five years?
  • Do you have a  system that works for you?
  • What are the odds of loan forgiveness?
  • What programs are available?
  • Are you into public service?
  • Can you get something for nothing?
  • What are the general rules of thumb?
  • What about refinancing?
  • What are the problems with Parent Plus loans?
  • What about family drama?
  • What about legal responsibility?
  • What are the rates now?
  • Should you be debt free before doing anything else?
  • What about the rate of return?
  • What about time?
  • Can you be this age again?
  • Would you like to visit thecollegeinvestor.com?
  • Would you like to learn more at loanbuddy.us?
  • What about consistency?
  • What about sticking with it?
  • What are the takeaways?
  • What about the volume of time?
  • What about refinancing student loan?
  • What about 529 plans for paying off student loan debt?
  • What are the takeaways?
  • Would you like to join us on Zoom, Tuesday, December 1?
    • When: Dec 1, 2020 02:00 PM Central Time (US and Canada)
    • Topic: Savings Smackdown – Save Now or Save Later
    • Register in advance for this webinar. After registering, you will receive a confirmation email containing information about joining the webinar.

Robert Farrington is a student loan debt expert and the founder of The College Investor. He has been helping people navigate student loans, investing, and wealth-building for over 10 years.

Episode 167: Don’t Worry, Retire Happy with Tom Hegna

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In this episode, we ask:

  • Who is Tom Hegna?
  • What was Tom taught at a young age?
  • What about savings?
  • What about a Math Party?
  • What’s the problem?
  • What needs to change?
  • What does retirement mean for Tom?
  • Are you getting any younger?
  • Can you take any of it with you?
  • What does Tom think about annuities?
  • What’s the stupidest thing someone can do?
  • What’s the difference between variable and fixed indexed annuities?
  • What about bonds?
  • What about income annuities?
  • What is retirement all about?
  • Is guaranteed lifetime income possible?
  • What about AUM (assets under management) fees?
  • What do the retirement studies say?
  • Do you have enough income for basic expenses in retirement?
  • Is there a substitute for guaranteed lifetime income?
  • Why do people rebel against the optimal?
  • What are Tom’s books?
  • What does AAA mean?
  • What does CCC mean?
  • What’s a mortality credit?
  • What else do you need to learn?
  • Would you like to work with us? See the job description here: http://bit.ly/worklg

Tom Hegna, CLU, ChFC, CASL, is an economist, author, and retirement expert. He has been an incredibly popular industry speaker for many years and is considered by many to be THE Retirement Income Expert!.

As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars on his signature “Paychecks and Playchecks” retirement approach, helping Baby Boomers and seniors retire the “optimal” way. He has condensed a large chunk of his considerable knowledge into 5 books.

 

Episode 166: Sean Morrissey is Landlording for Life

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In this episode, we ask:

  • When was your moment?
  • Who is Sean Morrissey?
  • Have you heard the podcast Landlording for Life?
  • Who is Sean leading?
  • What about buy and hold real estate?
  • What is leading with lifestyle?
  • What does financial freedom mean for Sean?
  • What happened when banks lowered the line of credit?
  • What happened for four years?
  • What did Sean learn?
  • What does Sean do and what does liquidity do for Sean’s business?
  • How did Sean get started?
  • What is the value of liquidity?
  • What are the challenges for landlords right now?
  • What does the average guy or gal not realize about the need we have for access to capital?
  • Is it easy to buy?
  • What’s the weird position?
  • Are you liquid enough?
  • What about roughly 3% of capital expenditures and reserves?
  • What about roughly 5% for vacancy?
  • What about roughly 3% for a liquidity factor?
  • What about the “what if” game?
  • What about Mark’s meeting with Sean?
  • What surprised Sean?
  • What did Sean find?
  • Have you heard Episode 159 and Episode 160?
  • What did Sean learn?
  • What about universal life policies?
  • Are all mutual insurance companies good for Bank on Yourself® type policies?
  • Why does the contract matter on a life insurance policy?
  • What is a direct recognition loan provision?
  • What about non direct recognition company?
  • What’s an eye opener?
  • What are Sean’s hopes?
  • How does Sean plan to use his policies in sync with real estate?
  • What does Sean see, looking back?
  • How does Sean think big enough now?
  • Where do you want to be in 10 to 20 years?
  • When do we want our money most efficient?
  • What’s the power of a whole life insurance policy (especially the older ones)?
  • What about tax deductions and depreciation in real estate?
  • What about long range thinking?
  • What are the options down the road?
  • What’s the problem of real estate without whole life?
  • Would you like to work with Sean?
  • What is happening with evictions in Illinois?
  • What about liquidity?
  • What about setting sights too small?
  • How big can you think?
  • What about opportunities?
  • Want to work with us? We’re hiring. http://bit.ly/worklg

Sean Morrissey is a landlord and real estate broker, in the western suburbs of the Chicagoland area, who has built a $7M real estate portfolio and owns/manages Chicagoland Realty Group Partners LLC.

Having managed 200+ properties for landlords in the Chicagoland area, Sean has built property management systems to make “buy and hold” real estate sustainable and wealth-building.

Sean’s proudest achievement is being able to spend his days with his wife, two kids, dog and cat in what some may define a financial freedom lifestyle. Sean is the host of the real estate “buy and hold” real estate investor podcast called Landlording for Life.

Episode 165: Combining Bank on Yourself® with Profit First

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In this episode, we ask:

  • Would you like to work with us? Visit bit.ly/worklg
  • Is this your moment?
  • Would you like to learn how to combine the Bank on Yourself® strategy with Profit First?
  • Who are Brandon and Amanda Neely?
  • Can you build the wealth you really want?
  • What’s Amanda and Brandon’s story?
  • How many bank accounts do you need?
  • How much does an average bank account earn in interest?
  • How much does an average Bank on Yourself® type dividend paying whole life insurance policy earn?
  • What’s the story of Amanda’s client?
  • Who’s the boss?
  • How might you get the best results?
  • Are you financially set for life?
  • Who is taking unnecessary risk?
  • What’s the next step?
  • Who is in the banking business?
  • What makes business owners special?
  • How will Bank on Yourself® help you grow wealth?
  • What about the return of your capital?
  • What are the risks?
  • What about the options?
  • What are the benefits?
  • What about a volatility buffer?
  • Should you only do Bank on Yourself®?
  • What is Profit First?
  • What about debt?
  • What about paying cash for major purchases?
  • How might Bank on Yourself® help you to navigate the opportunity cost?
  • Are you in a W-2 job?
  • Will you run out of money?
  • Are you earning interest or paying interest?
  • Is all of your money tied up in a government sponsored 401(k)?
  • What about a diversified portfolio?
  • How might one break the paycheck-to-paycheck cycle?
  • What are the objections to Profit First?
  • Have you ever received a massive tax bill?
  • How does one pay the huge tax bill?
  • Will you find a way to be profitable?
  • Are you at least 1% profitable?
  • How do Bank on Yourself® and Profit First work together?
  • Do you give every dollar a job?
  • Would you like a copy of the spreadsheet? Email Mark at hello@nyafinancialpodcast.com
  • What are the steps for setting this up?
  • What could this mean for you?
  • Could this benefit you?
  • Do you need someone to help set up Profit First?
  • Do you need someone to help you set up Bank on Yourself®?
  • Would you like to schedule an intro call? The link is case-sensitive: bit.ly/BOYPF123
  • What’s your next best step?
  • What adjustments do you need to make?
  • What’s the death benefit?
  • Why are not-so-average strategies so important?

Profit First Chart

Profit First Chart

 

How Profit First works with Bank on Yourself®

 

 

Episode 157: I Love Leverage! I Love Liquidity! with Matt Shanlian

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In this episode, we ask:

  • What if some information changed the trajectory of your life?
  • What if you knew?
  • What about your family?
  • Who is Matt Shanlian, and what does he do everyday?
  • What is happening with this pandemic?
  • What happened with the mortgage marketplace?
  • What happened with Fannie and Freddie?
  • Are the lenders busy?
  • What’s happening with the rates?
  • What’s the outlook?
  • What about volatility?
  • What’s keeping rates really low?
  • Are we seeing a downturn in value?
  • Are families taking advantage of this time?
  • What about the next six months?
  • What are the opportunities?
  • Do you have equity?
  • When is the time to act?
  • Are we having all time low interest rates?
  • What is Matt’s philosophy around home equity?
  • When should we keep money in the drywall?
  • What is the difference between this year and last year?
  • Is this artificial?
  • How does proactive thought affect the decision to get a mortgage?
  • What cripples the American family?
  • What is the hamster wheel?
  • What’s the plan to get out of credit card debt?
  • How does this affect retirement and getting a mortgage?
  • How might we free up cash flow?
  • What about debt consolidation?
  • What is the game?
  • What’s the risk of a cash out refinance?
  • How much can you pull out with a cash out refi?
  • How does debt affect your financial picture?
  • What are the two things that will make one successful in business?
  • What about liquidity?
  • What about leverage?
  • What is the average American’s net worth at age 65?
  • What is a HECM loan?
  • How might we maximize cash flow?
  • What about the spend down time in retirement?
  • What about after peak income?
  • What is a reverse mortgage?
  • What happens at age 62?
  • Can you get a reverse mortgage if you’re a millionaire?
  • What is the stigma around reverse mortgage?
  • What are added protections for the borrower?
  • What is the required reverse mortgage counseling session?
  • What changed in the recent past around the reverse mortgage?
  • What about soliciting?
  • Did your grandparents have credit card debt?
  • What about an example?
  • Do you have to pay tax on an equity account?
  • What about the line of credit option?
  • Do kids want to inherit “this old house”?
  • What about the next generation?
  • What about probate?
  • What about first right of refusal?
  • How does home equity dance with Bank on Yourself® type life insurance policies?
  • What about safety?
  • What about liquidity?
  • What about leverage?
  • How is home equity built?
  • How might outside factors affect your equity?
  • Who has the control?
  • What do you have the ability to do?
  • Who makes the rules?
  • What is the safe place?
  • What is in the walls?
  • What erodes the value of a home?
  • What advice does Matt have?
  • Do you do an annual mortgage “check up”?
  • What opportunity presents itself?
  • What is your mindset?
  • What is your plan?
  • What might supercharge your financial outlook?
  • How might you be proactive (rather than reactive)?
  • How much wealth might you build?
  • What are the takeaways?
  • Does a cash out refi make sense?
  • Would you like to read Wade Pfau’s book?
  • Would you like to review your home equity numbers with Mark or one of Mark’s associates?
  • Would you like to join our mailing list?

Matthew Shanlian received his bachelor’s degree in finance from Liberty University before working full time in the mortgage industry starting in 2007. Matt began as a Loan officer assistant and has worked his way up to Division President with Primary Residential Mortgage, INC.  Matthew is a nationally recognized speaker, frequent podcast guest, and also serves on the board of directors for NIME, a non-profit , financial services education organization. These activities have helped him earn the achievement of being ranked by Mortgage Executive Magazine as a Top 1% Mortgage Originator in America. In his time away from the office, Matthew loves serving in his local church’s children’s ministry with his wife, Maria.  Together they have 3 children, Miles, Millie, and Maverick.

Episode 154: Invest Local! Private Money Lending with David C. Barnett

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In this episode, we ask:

  • Who is David C. Barnett?
  • How did David get into private money lending?
  • How does David look for deals that help improve the borrower’s business?
  • What’s David’s story?
  • What about doing financial deals?
  • What about commercial debt brokerage?
  • What did the limited power attorney allow David to learn?
  • Do we know what will happen in the future?
  • What about collateral?
  • What about Plan B?
  • What happens when things go south?
  • How do the wealthy stay wealthy?
  • What about the small deals?
  • What about doing a small deal with your own money?
  • What about the percentage?
  • What about selling the collateral piece if it doesn’t work out?
  • What about social, moral trust?
  • What about retail vs. wholesale investment?
  • What is a retail investment?
  • What does a bank do with a certificate of deposit?
  • What happens with the repo man?
  • How might you increase your rate of return?
  • Are these sort of deals the riskiest?
  • How do you build your network?
  • What about diversification?
  • What about risk and reward?
  • How do you find opportunities?
  • Should you put an ad out?
  • How do you connect with a club?
  • How do you build a network?
  • Where is the social angle?
  • How is a network self filtering?
  • What about credit reporting?
  • What are the advantages of a private deal?
  • Will it affect the borrower’s credit score?
  • What are the protections?
  • What about diversification?
  • What about the notes as an asset?
  • What about a rate with compound yield?
  • What happens if the zombie apocalypse happens?
  • What’s the worst case scenario?
  • What about Nassim Taleb’s barbell strategy?
  • What about the rattlesnake?
  • What about leverage strategies?
  • What about thinking about someone’s personal needs?
  • How might you benefit your borrower?
  • How might you collateralize?
  • What legal documents do you need?
  • How is personal property different from real estate?
  • What about the contracts?
  • Do you need to go in front of a judge?
  • If someone can’t make the payment, what’s likely happening?
  • What about a nuance in the language?
  • What’s a UCC filing?
  • What about creating a registration?
  • How do you choose which loans are worth it?
  • What are the rules in your state?
  • What is the limit on the interest you can charge?
  • What about consumption?
  • What about financing business needs or personal needs?
  • What are the circumstances that must exist for David to make a loan?
  • How does this increase cash flow?
  • How does this increase revenue?
  • How does this help them save money?
  • Why did David write this book?
  • Can you do deals on the side?
  • How much should you limit yourself?
  • How might you leverage deals with your knowledge and expertise?
  • Would you like to learn more at davidcbarnett.com?
  • Would you like to download his free book?
  • How might you invest in what you know?
  • Do you know your borrower?
  • Do you have liquid capital?
  • How might you be an ethical lender?
  • How might you provide a solution for those in need?
  • Would you like to leave us a review?
  • Send us a screenshot of your review to hello@nyafinancialpodcast.com, and we will send you a free book!

Get our episodes delivered right to your inbox so you don’t miss the amazing free content we’re giving out each week. Also get exclusive access to live calls, office hours and Q&A with me and our esteemed guests!

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David Barnett works with entrepreneurs around the world helping them to buy, sell and organize their small and medium sized businesses.

He’s the author of 8 titles on Amazon (Read David’s Books) and has been maintaining a YouTube channel (watch David on YouTube) covering these topics which has hundreds of videos.

 

Episode 153: Assisted Living Investing Strategies with Gene Guarino

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In this episode, we ask:

  • Who is Gene Guarino?
  • What is the Residential Assisted Living (RAL) Academy?
  • What is it about an idea that’s time has come?
  • What is the silver tsunami of seniors?
  • What about the boomers?
  • Have you experienced a family “event”?
  • What do parents want and need?
  • Who needs help with Activities of Daily Living?
  • Who wants to stay in a single family home instead of a large facility?
  • What about community?
  • What about a single family home that is too large?
  • What about care in the home?
  • Why is there an aversion to Long Term Care insurance?
  • What about running a business?
  • What are the costs?
  • What are the start up expenses?
  • What about the location?
  • What about finding an operator?
  • What about leasing?
  • What about 5 year lease contracts?
  • What is a giant advantage of liquidity?
  • How does Gene incorporate his family into his business?
  • How might you give your kids encouragement and empowerment?
  • How might you bring your kids along?
  • Would you like to download the book or watch the webinar at ral101.com?
  • What part are you going to play in the silver tsunami?
  • Would you like to live somewhere other than your own home if you need daily assistance?
  • What can a whole life insurance policy offer?
  • What is an accelerated death benefit rider?
  • How might this rider pay for care?
  • What about observation days?
  • What are the kids learning about leadership?

Gene Guarino is the founder of the Residential Assisted Living Academy. The RAL Academy is the premier source for education in owning, operating and investing in Residential Assisted Living and senior housing. Gene has trained thousands of people from across the country how to turn single family homes into cash flow machines.

RAL Academy’s motto is Do Good and Do Well. Gene has written 4 books and hosted 3 radio shows and has spoken in 5 countries and over 50 cities in the last year alone. 

Episode 152: Build Your Silent Sales Machine with Jim Cockrum

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In this episode, we ask:

  • Have you had an income disruption this year?
  • Would you like to cultivate another stream of income?
  • Who is Jim Cockrum?
  • What was little kid Jim’s first business?
  • What about more traffic?
  • What about the opportunity?
  • What is the community that Jim has built?
  • What are the success stories?
  • What is the CES model?
  • What is the ‘silent sales machine’?
  • What about consult?
  • What about expanding?
  • What about selling?
  • What about selling physical products?
  • What about serving your audience?
  • How might you serve well?
  • How might you expand your audience?
  • How might you teach?
  • What about people who have day jobs?
  • What about “just in time” information?
  • What about “just in case” information?
  • What can I use now?
  • How might you create an idea in your head and make money with it?
  • What about a list of people who can’t wait to hear what you say next?
  • How might you grow an audience?
  • Are we relevant?
  • How many people do you have that will listen when you talk?
  • What is an asset?
  • Who knows you?
  • Who likes you?
  • Who trusts you?
  • What does it take?
  • Is it about volume?
  • Is it about getting in front the right people?
  • What are the risks?
  • Are you always learning?
  • How might you test your ideas?
  • How might you leverage the platforms from the comfort of your chair?
  • How would you like to take action?
  • What about third party sellers on Amazon?
  • What percentage of all retail in the U.S. is online right now?
  • Is the opportunity in its infancy?
  • What are the success stories?
  • What’s Oscar’s story?
  • What about intense focused effort (without sacrificing relationships)?
  • What’s Mike’s story?
  • What did Mike do with Death Wish coffee?
  • How might you engage the internet as an asset?
  • How might you build real trust and provide value over time?
  • What about selling, expanding and consulting?
  • How might you protect your integrity?
  • Would you like to learn more at silentjim.com?

Jim Cockrum & his team have been on a mission, since the 90s, to help entrepreneurs THRIVE by combining classic business truths with cutting edge creative online strategies.   They now boast over 1,000 documented success stories from entrepreneurs and businesses around the world, but they are just getting started!

Jim was ranked among the most trusted Internet Marketers in the world (among hundreds of ‘experts’ his name keeps showing up on top) according to the 60,000 voting members of an independent watchdog service. His best selling book “Silent Sales Machine” has been read by over 1,000,000 people around the world and is a consistent top 10 seller on Amazon in the Internet business category. 

His business mission in life is to assist those who have an entrepreneurial heart and help them build sustainable income streams online.

He is a proud husband and father of five.  Three are internationally adopted children and his faith grounds him in his principles for business and life.

 

 

 

Episode 151: Live Webinar: How to Pandemic Proof Your Money

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In this episode, we ask:

  • How do you pandemic proof your money?
  • How do you antivirus your money?
  • Who are the Amazon Legends?
  • What are the opportunities to pandemic proof your money?
  • What’s the brand new game?
  • Who wants to build real wealth?
  • Is market turbulence going away?
  • What are the problems with our mindset?
  • What about saving?
  • Is Wall Street the problem?
  • What’s the distinction between saving and investing?
  • How many businesses are going to be out of business in six months?
  • What about flawed advice?
  • What about feel good information?
  • What about common advice?
  • What happens when losses are thrown into a portfolio?
  • How does this affect the long term outcome?
  • What’s the hidden viper in your portfolio?
  • What breaks compound growth?
  • Can you make a up a 10% loss this year with a 10% gain next year?
  • Why not?
  • What about personal financial loss?
  • What about global financial loss?
  • What about average rates of return?
  • What’s the difference between averages and actual results?
  • What’s the compound annual growth rate (CAGR)?
  • How are there more disclosures on food than on a 401(k)?
  • How many market crashes have we had since the year 2000?
  • Will there be more financial crises?
  • Who do you trust?
  • Where is real wisdom?
  • What are the results of the poll?
  • How many have suffered a stock market loss this year?
  • How many have suffered a health issue?
  • How many have had a business downturn?
  • How many have experienced a job loss or hours reduction?
  • What tools might we use to antivirus money?
  • Would you like to be ready for the next recession?
  • What are our two proven strategies?
  • How might you harness uninterrupted compound growth?
  • What about disability?
  • What’s Dan’s story?
  • What is the income maximization strategy?
  • What about Forbes’ billionaire escape plans?
  • What about fixed indexed annuities?
  • What happened in 1998? 2000?
  • What happens when the market rebounds?
  • What ride would you rather take?
  • Do you like streams of passive income?
  • What can annuities do for you?
  • What’s your ROI?
  • What is your “rate of income”?
  • Are there any negative years?
  • What happens if you wait to take income?
  • Can you make it?
  • What is the most valuable commodity?
  • Would you like to reach out to Mark?
  • View Mark’s Calendar and Select a Time to Talk

Episode 150: Retire Like A Millionaire on Way Less Than That

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In this episode, we ask:

  • Should you save more money?
  • Has retirement planning changed?
  • What is the responsibility?
  • What three things do you need to do during retirement years?
  • What about risk?
  • What about sequence of return risk?
  • What about the risk of longevity?
  • What about the risk of inflation?
  • What about generating an income in retirement?
  • How might you smartly decide how much to take out each year?
  • How might you consistently get growth on your nest egg?
  • What is the job?
  • How might you reduce the pressure on your retirement “job”?
  • What about a case study?
  • What about the 4% rule?
  • Are there any other options?
  • Does it have to be this hard?
  • What about the index?
  • What about guaranteed income?
  • What is the income maximization strategy?
  • What about fixed income annuities?
  • How might you reduce the risk of longevity?
  • How might you reduce the market risk?
  • What about income?
  • What about reducing your withdrawal pressure?
  • What about executive wall street bonuses?
  • What about an annuity bonus?
  • What about a participation rate in the index?
  • What about guarantees and predictability and lifetime income?
  • What are the options for getting the money out?
  • What about a level income?
  • What about future growth?
  • What about flexibility and freedom?
  • What about other possibilities?
  • What is the barbell strategy?
  • Have you heard Episode 50?
  • What is the power of adding a Fixed Indexed Annuity?
  • Would you like to see an example?  Sign up here to get them!

In this episode, we mentioned a visual spreadsheet on various ways you can take income from fixed indexed annuities. To view all the numbers and to download this spreadsheet, sign up here for access!