Loans

Episode 294: How Families and Financial Advisors Sabotage Generational Wealth

April 21, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Who needs to hear this?
Would you like a FREE book?
What about leaving a legacy?
How many generations?
What did Gloria Steinem say?
What about aggressive investment?
Did you lose $1?
Should we become more conservative as we get closer to retirement?
What is human capital?
How might we think like a family?
What is the greatest asset?
Would you like to hear Episode 104 and Episode 105?
How might one take an individual’s net worth and build up the family for generations?
Who is “taken out of service”?
Who will transform the family?
What happens in retirement?
What is the work that you love?
What about consulting?
What about freelancing?
What about starting a business?
What about mentoring the next generation?
What about sharing your story?
Is insurance temporary?
How is life insurance the bedrock of generational wealth?
Who buys term insurance?
…What do they have to show for it?
What happens when term insurance runs out?
What is the best age to purchase insurance?
What are the guarantees?
What is the only type of life insurance that offers guarantees?
What about government and taxes?
How much will you pay in tax in retirement?
What are the restrictions on the 401(k) or IRA?
Do you want the choice to spend down the accounts?
What happens now the SECURE Act has passed?
What are growth vehicles?
What are transfer vehicles?
What about failure?
What if there was no transfer of power?
How might we prepare the people to receive gifts?
Who is leaking money, as the generations progress?
What about shirt sleeves to shirt sleeves in three generations?
What about nurturing emotional, intellectual and human/social capital of the family?
Why do so many focus on short term thinking?
How do we avoid sabotaging and avoiding long term generational wealth?
Would you like to talk with Mark about generational wealth?
What are the four key elements that lead to long term thinking and generational wealth?
What about financial foundations?
What about saving?
What is the opposite of saving?
What about a family fund?
How might one save money, mitigate against risk and provide permanent protection and leave a legacy?
What about family lending?
What creative ways might you use family capital?
What if grandma and grandpa bought up all of the loans for the children and grandchildren?
What would happen if the wealth stayed within the family (instead of bleeding interest to bankers)?
What about leadership?
What about mentorship?
What about nurturing family relationships?
What about growing children into world leaders?
How young is too young?
What about legacy?
How might we prepare the people for the money?
What about the traditions and the values you leave behind?
What about sharing this episode with a family member?

Episode 286: Policy Loan Interest Rates are Rising… Party at My House!

February 24, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Who needs to hear this?
Where else can you get an asset that grows every single year?
What did Pamela Yellen say?
Would you like to take her up on the challenge?
Where is the loan coming from?
What are the benefits?
What about getting the money out tax free?
Why does the insurance company charge interest in the first place?
How much interest do you have to pay on a policy loan?
When do you owe the interest to the insurance company?
What are the tax benefits of loan interest?
When you take out a loan against a life insurance policy, don’t you have to pay the interest back?
What about taking out your very first policy loan?
Why are rising interest rates a good thing for policy holders?
What is the difference between simple and compound interest?
What about calculating loan interest in arrears?
What about an example?
How is this different from an annual percentage rate or APR?
What is the actual cost of the loan?
What really matters?
What is the cause?
What is the effect?
What about another example?
How did Mark get that number?!
Is your policy continuing to grow?
What can you reasonably expect?
How are Bank on Yourself® type life insurance policies designed differently from other life insurance policies?
Who can properly design Bank on Yourself® type life insurance policies?
Are your policies designed properly?
Is the devil in the details?
What about non-direct recognition policy loans?
Who is breaking compound growth?
Would you like to meet with Mark or a colleague of Mark’s?
Who charges us interest?
Who gets access?
What grows?
What is the insurance company doing?
What is going on with loan interest rates?
What are the responsibilities of the insurer?
Would you like to hear Episode 128?
How might the insurers make the best choices for their owners?
What does the contract state about policy loan interest rates?
How is the rate calculated?
What is the actual APR?
What about variable rates?
How are life insurance policy loans different from other types of loans?
What are the key differences for life insurance policy loan rates?
Will the policy lapse?
What happens when the rates rise?
Why is Mark thrilled?
Will your policy grow faster, too?
What about a hypothetical scenario?
Does this translate into higher profit distributions?
How does this affect cash value?
Does a Bank on Yourself® type life insurance policy still work if you don’t take policy loans?
What are the benefits?
What do policy owners receive?
What happens when you pay down a policy loan?
What options do you have?
What happens with an outstanding policy loan balance upon the insured’s death?
How is your policy helping to add security and confidence to your future?

Episode 285: Recovering from a $50M Loss with Rod Khleif

February 17, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is resilient?
Who is Rod Khleif?
What’s Rod’s story?
How many layoffs are expected?
What did Rod’s mom do?
What does Rod do today?
How did Rod build his real estate portfolio?
How is it all about cashflow?
Would you like to view rodslinks.com?
What kills cash flow?
Will the gravy train last forever?
What did Rod not pay attention to in 2006-2008?
What happened?
What about bridge debt?
Who is in trouble?
What about liquidity?
Who is fearful?
Who is excited?
What about the comfort zone?
Are you a leader?
Where is your focus?
What happens when you pay attention?
What about the word appreciation?
What about gratitude?
How does gratitude affect your health?
What about making a decision?
What about taking a step?
Would you like to explore Rod’s course?
How are you adding value?
How does one learn the audience?
What can we do to improve?
What are some of the conferences Rod is attending?
How does mindset affect outcomes?
What have you failed at this week?
What are you afraid of?
What are you going to do next?
What did Rod build?
What about goals?
What about feeding families?
Who is giving back?
What is fulfilling?
Who is giving back?
Would you like to share this episode? hello@nyafinancialpodcast.com
Would you like a 15-minute meeting with Mark?

Rod Khleif is a business owner and philanthropist who is passionate about business, high performance, real estate and giving back. As one of the country’s top real estate and peak performance luminaries, he has also owned over 2,000 properties.

Rod recovered from losing $50 million dollars in the crash of 2008 to the success he enjoys today. Rod brings incredible authenticity and insight to his approach to real estate, mindset, success and life. Rod also founded The Tiny Hands Foundation, which has benefited more than 130,000 children in need.

Episode 283: Fire Your Real Estate Banker (Part 1)

February 3, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to subscribe?
Is there a better time to be a real estate investor?
Would you like some game-changing strategies?
What about mortgage rates?
What about inflation?
What is the overall state of the market?
How far will the money last?
What is the monthly cost for long term care?
What did the study from Urban Institute say?
Who is able to retire?
Will you have the choice?
How might constraints drive innovation?
Where might your money go?
What is the small hinge that will swing the big door in your financial life?
Where will your money live?
What about risk, tax, fees and penalties?
What do you want your money to do for you?
Do these products solve your problems?
Do these products feed the problems?
What is guaranteed?
What did Einstein say?
What are the attributes of your money?
Is it taxable?
Is it guaranteed?
Can you leverage it?
Is it at risk?
Do you have control over where your money lives?
What are your answers to these questions?
- Can you lose money due to elements outside of your control?
- Are guarantees on your money offered or received?
- Is the principal safe and protected?
- Are there any penalties to access your cash?
- Can you get access to the money without red tape or delays, if you need it?
- Can you leverage your money to create the most amount of wealth for the least amount of money?
- Does your money grow tax deferred, or is it going to be taxed in the future? Is it going to be tax free in the future?
- Is your money protected from lawsuits and creditors and other predators?
- Can your money be used as collateral?
- Does your money transfer income tax free to your heirs?
Is your money doing things counter to your desires?
Where will your money live?
What are you going to do about it?
What about a story?
What did Mark learn?
What about Bank on Yourself® type whole life insurance policies?
Is it time to find a better way?
How does this fit with real estate?
Why should we bother?
What about tax advantages?
- How is this similar or different from a Roth IRA?
What about guarantees?
- How is this time tested?
- How are the guarantees a great buffer?
What about insurance?
- Does whole life insurance expire?
What about freedom?
- What about liquidity?
- What about access? What about loan provisions?
How can you get true, uninterrupted compound growth?
What does any of this mean to you and your real estate business?
What happens when you combine real estate and Bank on Yourself®?
See you next week!

Episode 274: What Your Money is Trying to Tell You with Marty Smith

December 2, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to hear a very special presentation?
Is dividend paying whole life insurance the best vehicle possible?
Who is Marty Smith?
How is Marty in the belief changing the business?
Is the bank the best place to store your money?
Is the 401(k) the best place for your retirement dollars?
Is the 529 plan the best way to pay for education?
Is financing your car through the dealership the best way to pay for it?
What happened at the SML officers meeting?
What might would we do instead of a 401(k)?
What happened?
Why did you buy a dividend paying whole life insurance policy?
Why should you buy a dividend paying whole life insurance policy?
What about Nelson Nash?
Did Nelson Nash own 45(!) dividend paying whole life insurance policies?
Why don’t people buy?
Do most of us live our lives unconsciously?
Is reality hard to see?
What about lies, half-truths, misdirections, etc.?
What did Socrates say?
How do you become conscious?
How do you become aware?
What about thinking?
What happens next?
What about the feelings?
What about the intuition?
What about the sensations?
What are the clues?
What about examining the suffering?
What is the solution?
Is there a better way to reach my financial goals?
Do I have to take as much risk as I am taking?
What about taxes?
What about regulation?
What about inflation?
Why did I buy dividend paying whole life insurance policies?
Why did you buy dividend paying whole life insurance policies?
Why should you buy dividend paying whole life insurance policies?
What did Pamela Yellen say?
Is there something better?
What was Marty’s profound, life-changing experience?
What are the four simple reasons?
What happens when you become conscious?
Who taught you to put money in the bank?
Is the money in your bank guaranteed to grow?
What about negative interest rates?
What about disability?
What about a death benefit?
How is a dividend paying whole life insurance policy different?
How important is a leveraged death benefit?
What about cash value?
How much does your life insurance actually cost?
What is the best retirement vehicle for your money?
What did the creator of the 401(k), Ted Benna, say?
What is almost the opposite of the 401(k)?
What about liquidity?
What about increases?
What about tax free death benefits to leave for your family?
What is the best financing tool available?
What about collateralization through policy loans?
What about the growth?
What about control?
What about loan payback schedules?
What is the power of banking on yourself?
What about the power of building wealth with each generation of your family?
What about denial?
What about the clues?
What about suffering?
What should we welcome?
What might we examine?
What about thoughtful, critical actions and decisions?
Is dividend paying whole life insurance the best product ever created?

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 272: Know Where to Thrive!

November 18, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you truly have to deal with market losses?
Is there anything we can do?
What are the choices?
What has changed?
What would money look like if it were easy?
Why is money in your life?
What’s more important than money?
What about the power of the contract?
How might contracts protect you?
What contracts have guarantees?
What about Bank on Yourself type whole life insurance contracts?
What about a liquid bucket of money?
What about borrowing against the cash value?
What about uninterrupted compounding?
What about some examples?
What happens to your life savings in the market?
Will the money last as long as you do?
What about inflation?
What about pensions?
What modernized annuities?
What is a retirement account with airbags?
What about monthly income instead of net worth?
What is the history of annuities?
What is the difference between variable annuities and fixed annuities?
When do you want your income to start?
What about immediate annuities versus deferred annuities?
What about growth?
What happens when you run out of money? Will you run out of income?
What about old fashioned annuities?
What about new riders?
What about increasing income?
What about death benefits?
What about combining Bank on Yourself type whole life insurance with fixed income annuities?
What about making a contract with your financial future?
What about age?
What about health issues?
What about modest means?
Do you know where to thrive?
Is applied knowledge power?
Is your advisor a Bank on Yourself professional?
Would you like to meet with Mark?

Episode 269: Now is the Time to Buy Your Future Income with Nick Ku

October 28, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you busy enough?
What does F.I.R.E. stand for?
What about multiple streams of income?
What about intergenerational wealth?
Who is Nick Ku?
What is Nick’s career journey?
How did Nick discover Mark?
What is Nick’s side gig?
What about making it and the American dream?
What about diversification?
What about business ownership?
What about risk?
What about Bank on Yourself® type whole life insurance policies?
What about liquidity?
What about helping out family?
What about a trifecta?
What about business life insurance?
What about key man (key employee) life insurance?
What about the family system?
What about spreadsheets?
What about annuities?
What about peace?
What about thinking ahead?
What about being at the mercy of market timing?
What happens with market volatility?
What about retirement timing?
What amount do you need to live comfortably in retirement?
What about averages?
What about income generators?
What is the most efficient income generator that Mark can find?
What about age?
What about having fun?
What advice would Nick give someone just starting out?
What resources do you have access to?
Who has an excuse?
What about increasing your financial literacy?
Are annuities only for older people?
When do you want to start buying your future income?
What about income streams?
What about death benefits?
How does Nick intend to use his policy in the months and years to come?
What about the fear in the market?
What about tremendous opportunities?
How might one make their dollar work hard for them?
What about paying back policy loans?
What about compounding?
What is extraordinary?
Do you understand your why?
How do you find your why? How do you understand it?
Would you like to hear Episode 65?
How did Nick think long range?
Aren’t annuities just for older people?
What about being younger?
What about protecting your money from future market abuse?
What about additional benefits?
How are you thinking long range?

Nick Ku is a Brazilian Jiu-Jitsu and F.I.R.E enthusiast. He is a life long learner, navigating life with his wonderful and beautiful family. Nick has a passion for helping others.

Episode 262: Don’t Make This Hard! 13 Crucial Questions about Money with Doug Peacock

September 9, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
Login or Join the FREE membership community to Reserve Your Spot!
Did you do what you were supposed to do?
Who is Doug Peacock?
What is Doug’s story?
Why does Doug work with the guarantees inherent in whole life insurance?
What are the 13 Crucial Questions?
Is it truly your money?
Do you know what the future value of that money will be?
What happened in 2008?
Does your money get to set a new time high, every day?
Would you like to hear Episode 197?
Does your current financial storehouse generate additional income for you?
Are you an owner?
Did people receive dividend checks in the Great Depression?
If you have unlimited access to your cash for your lifestyle needs or your business needs as much as you want?
Are brokerage accounts liquid throughout your lifetime?
What about home equity lines of credit (HELOCs)?
Can you leverage your money in your favor and still earn interest on it?
Can you control the repayment terms of the loan with your current bank?
What about employee retention and new hires?
Do you think taxes going up, going down or staying the same?
Do you want to pay taxes on the seed or the harvest? Do you want to pay taxes on a little or a whole lot?
Is a dollar worth more today or tomorrow?
What is the status of 95% of 65-year-olds, financially speaking?
Do you want someone else to hire away your best employee because of your benefits?
Do you want to pay more taxes?
Do you want the courts to tell everyone where your money is going after you die?
Do you want your competitor to be able to take advantage of opportunites that you cannot, because you couldn’t come up with the money?
Do you want some of money to be locked up when you try to leave your money as a legacy?
Do you have a guaranteed exit strategy from your business?
Is this hard?
Would you like schedule with Doug at peacockwealthgroup.com?

Doug Peacock spent 38 years as a high school teacher and football coach. He tried to retire the traditional/conventional path, and things didn’t work out like he was led to believe. He learned that other teachers and coaches were having the same conversation. Doug literally watched his 403(b) become a 203(b) twice in the last decade of his teaching career. He knew there had to be a better way, so he started learning how wealth really works.

Episode 261: The 401(not OK)?

September 2, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us for the Not Your Average Financial Summit in the afternoons on Friday, September 30 and Saturday, October 1?
Login or Join the FREE membership community to Reserve Your Spot!
Has anyone’s 401(k) been a ravishing success?
What did Ted Benna do?
What is the hope and prayer?
What is the best case scenario for a 401(k)?
What about salary deferral?
Will you be alive in 20 to 30 years?
How much of it belongs to you? How much of it belongs to Uncle Sam?
What about tax changes?
Why a default retirement strategy?
Who benefits from that advice?
What about the employee match?
Is this magic?
Is this income redirection?
What buys groceries?
What is a vesting schedule?
How many companies provide immediate vesting?
How many people lose the employer match?
How many years on average do people stay?
How does your brain react?
How many people get paid in a 401(k)?
What is revenue sharing?
How many people get paid before you do?
What about mutual fund returns?
What about reporting?
What is the true cost of the fee?
What about “beating the market”?
How many fund managers underperform the market?
What about unicorn market returns?
What index are we looking at?
Will your plan come to fruition?
What are the realities of the returns?
What is the actual returns?
Does the rate of return in one’s 401(k) include one’s contributions?
What about tax?
What about dividend paying Bank on Yourself® type whole life insurance policies?
Would you like to hear Episode 206?
Would you rather pay your tax on the seed or the harvest?
Would you like to discuss your specific situation? Schedule a time
Who needs to hear this?
Would you like a FREE book? Email us at hello@nyafinancialpodcast.com

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 258: Don’t Do What Banks Tell You To Do… with Kristin Colca

August 12, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

What about a life changing moment?
What do banks do with money?
Who is Kristin Colca?
What happened to Kristin?
What does Kristin do?
What happened when Kristin met Teresa Kuhn?
What happened when Kristin graduated with her finance degree?
Would you like to hear Episode 56?
What about a savings mentality?
What about a reliance on safety?
What about taking on debt?
What about fast-forwarding to today?
What happens in an emergency?
What about liquidity, safety and guarantees?
What about risk, being beholden to finance companies and no emergency reserves?
What were the CD rates in the early 1980s?
Why should people keep their money liquid?
What about the ebbs and flows in the economy?
What about the market?
What about interest rates?
Why is it important to have liquidity?
What about taking advantage of opportunities when they come up?
How do banks work?
What do people not seem to realize about the banks?
What about an example?
What about real estate?
What about hard money lending?
What about peer-to-peer lending?
What are the steps?
What about capitalizing a policy?
What about borrowing against the cash value in a policy?
What about lending to another person?
What about determining the terms?
What about paying back the policy loan?
What about inflation?
What are the protective elements of a Bank on Yourself® type whole life insurance policy in an inflationary environment?
What about bond yields?
What about the price or premiums staying level, even an inflationary environment?
What is the good news?
Where are the buckets of cash?
What about the financial gurus?
What’s important about saving?
What’s important about the sequence of returns?
What about taking on risk?
What about guaranteed liquid cash?
How might you attract opportunities to you?
What about choosing the right financial tools?
What are the hidden pitfalls?
How do people make good decisions?
What are the rules?
What are the values?
What is the amount of risk?
What is the amount of money I’m willing to lose?
What is the rate of return that would justify this risk?
What about chasing the fairy tale dream?
What about leaving a legacy?
Would you like to reach out to Kristin?
Would you like to visit learnmorewithkristin.com?
If interest rates continue to rise, what will happen to policies?
What about riskier investments?
What do banks do with their own money?
Would you like to join our FREE membership site?
Would you like to join us at the Not Your Average Financial Summit? Come back next week for more details.

Kristin Colca, after starting her career in the banking industry, noticed that conventional financial wisdom was not working for many of her clients. A low-interest rate environment combined with Wall Street volatility and a growing pile of debt made it almost impossible to plan or create a secure plan for retirement. Further complicating these issues are the financial “experts” and “advisors” that are too quick to recommend one-size-fits-all solutions without fully understanding their client’s goals or dreams. Kristin’s mission is to create custom-tailored financial strategies for her clients that empower them to achieve financial freedom. Connect with Kristin Colca at learnmorewithkristin.com.

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