Not Your Average Financial Podcast™

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

Episode 256: 3 Ways to Save for Retirement – Even If You Lose Your Job!

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In this episode, we ask:

  • What about guarantees?
  • What is the catch?
  • What are the guaranteed components in life insurance contracts?
  • What are premiums guaranteed?
  • What about fixed premiums?
  • What about term insurance?
  • What about indexed universal life insurance (IUL)?
  • What sort of contract is this?
  • What is your end of the bargain?
  • Why has Mark grown to love paying premiums?
  • Would you like to listen to Episode 203?
  • What about a seventh piece?
  • What about a loss of income?
  • What does the Social Security Administration say about the chances of disability?
  • How do disabilities develop?
  • What about disability insurance?
  • How is this like term insurance?
  • What about peace of mind?
  • What is the average duration of disability claims?
  • How does this affect financial goals?
  • Do you have a sheet of paper?
  • What about a clear look at your net worth?
  • What is your greatest asset?
  • What is income capacity?
  • Do you insure your automobiles?
  • What about protecting your income making machine?
  • What about your life insurance policy?
  • How will you pay your premium?
  • What is a waiver of premium rider?
  • What is a rider?
  • What is a paid up additions (PUA) rider?
  • Would you like to hear Episode 142?
  • Would you like to hear Episode 143?
  • Would you like to hear Episode 144?
  • Who will pay the premium, if you’re disabled?
  • What is the catch?
  • What about an example?
  • Would you like to hear Episode 203?
  • What are some other options?
  • What about reducing the base to reduce the cost of waiver of premium?
  • Would you like to meet with Mark?
  • Would you like to join the discussion over at our FREE Not Your Average Financial Community?

Episode 254: Solving the Unsolvable Financial Problems with Steven Step

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In this episode, we ask:

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

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

Episode 251: How Does Inflation Affect Bank On Yourself®? Part 2

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In this episode, we ask:

  • What about capital goods?
  • What if we added a zero?
  • Do we automatically have more wealth?
  • How are Bank on Yourself® type whole life policies affected by inflation?
  • What are some specific strategies?
  • What about some common myths?
  • How much money is floating around?
  • What about bug protein?
  • What about real estate?
  • What about Bank on Yourself® type whole life insurance?
  • What about the power of compounding?
  • What about the power of leverage?
  • What about the power of optionality?
  • What about inflation?
  • What about stocks?
  • Is there more to the financial universe?
  • What about the bond market?
  • What about yield curves inverting?
  • What about recessions?
  • What about insurance companies?
  • What about an example?
  • What about safety?
  • What about predictability?
  • What is the business model of a life insurance company?
  • Is Bank on Yourself® type whole life invincible?
  • What about interest rates?
  • What about a cash flow management system?
  • What if you could become your own source of financing?
  • What about partying like it’s 1980?
  • What about companies who have paid a dividend for over 100 years?
  • What about a case study?
  • What about a death benefit?
  • What about breaking even?
  • What about a policy loan?
  • What about total policy growth?
  • What about favorable loan interest rates?
  • What about appreciation?
  • What about the numbers?
  • How about structuring a policy?
  • What about single premium?
  • What about monthly premium?
  • What about annual premium?
  • What about multiple policies?
  • What about kid policies?
  • What about liquidity?
  • Where is your cash?
  • Is it doing what you want it to do?
  • Is this the end of market volatility?
  • Is this the end of inflation?
  • Do you have a question? Schedule a Call with Mark

Episode 250: How Does Inflation Affect Bank On Yourself®?

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In this episode, we ask:

  • Are inflation indicators blinking red?
  • What is the PCE index?
  • How high is inflation?
  • What happened in September 1983?
  • How does inflation work?
  • How does inflation affect your financial goals?
  • Would you like to hear the information shared with Jay Helms at W2 Capitalist Part 1?
  • What about Not Your Average Inflation?
  • What is on the mind of real estate investors today?
  • How do you want to increase your own money supply?
  • What happened about 100 years ago?
  • What happened in Germany?
  • What is hyperinflation?
  • Do you feel 10 times wealthier than your parents did in 1990?
  • What goes up in price?
  • What does all of this mean?
  • What about a stealth tax?
  • Who pays it?
  • What about taxation without representation?
  • How can we protect ourselves?
  • Is inflation transitory?
  • How many years could it last?
  • What about stocks?
  • What is the amount you can get in any given year?
  • When was the roaring 20?
  • When was the boring 20?
  • Can you deal with a dozen years lost?
  • What about tremendously lower yields?
  • Where do average popular stock percentages come from?
  • What about volatility?
  • What about the DALBAR report?
  • What about the pouring 20?
  • What about level mortgage payments?
  • What about maintenance costs?
  • What has happened to mortgage rates recently?
  • What about other expenses?
  • What about the rent moratorium?
  • What about being average?
  • What about being not-so-average?
  • What about the stock market?
  • What about looking carefully at your money?
  • What about weapons of math destruction?
  • What about compound growth?
  • What about leverage?
  • What about optionality?
  • How can we flip the script, and use these to our advantage?
  • How might you protect yourself?
  • What about Bank on Yourself®?
  • What about dividend paying whole life insurance?
  • What about rings on a tree?
  • What has worked for hundreds of years?
  • What about leverage and liquidity?
  • What about an inflationary economy?
  • How do life insurance policy loans work?
  • What about growth of money?
  • What about the velocity of money?
  • What’s Dan’s Bank on Yourself® story?
  • Are you prepared for this fight?
  • What are you going to do with this very precious life you have?
  • Would you like to meet with Mark?

Episode 248: Running into the Financial Hurricane with Marc Beshears

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In this episode, we ask:

  • Have you ever had life throw you a curve ball?
  • Who is Marc Beshears?
  • How did Marc learn about Bank on Yourself®?
  • What happens when things are too easy?
  • What happened with the hurricanes?
  • What assets are creditor proof?
  • What is a private asset?
  • What happened when Marc learned about dividend paying whole life insurance?
  • Why is debt so stressful?
  • Whose barber bought five condos in 2007?
  • How has Bank on Yourself® changed Marc’s life?
  • Whose capital is in jail?
  • What about liquidity?
  • What about dividends?
  • What about a tax free environment?
  • What about having capital to deploy at a moment’s notice?
  • What about the trendy things?
  • What about the oil spill?
  • What does it feel like to go against the herd?
  • What about peace?
  • What about ease?
  • What about laughing bankers?
  • What was the most recent volatility?
  • Are you ready?
  • What about borrowing against the cash value in a whole life insurance policy?
  • What about patience and courage?
  • What about employers?
  • What about key employees?
  • What about finding and following your own agenda?
  • Would you like to hear more about the financial pyramid from Episode 4?
  • What about building your capital source first?
  • What about self-financing?
  • Who should hold your money?
  • Is crypto trendy?
  • What wisdom does Marc have?
  • What about the people who were born after 1989-1990?
  • Does everything go up forever?
  • What is most gratifying to Marc about being a Bank on Yourself® Professional?
  • What about Marc’s clients being at “an all time high“?
  • Who is losing money?
  • What about predictable growth?
  • How can you connect with Marc Beshears?

Marc Beshears is the President of Top Wealth Agenda. He has helped his clients grow their wealth to achieve financial security and reach their personal and financial goals and dreams without the risk, worry, or volatility of stocks, real estate, and other investments.

Marc has put his clients on track to building more than $50 million of additional wealth they would most likely not have had otherwise, through safe, proven financial strategies. That’s why Marc’s clients think of him as their “secret weapon,” helping them build and safeguard their wealth. Connect with Marc at bookwithmarc.com!

Episode 245: The Truth About Reverse Mortgages with Tim Foor

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In this episode, we ask:

  • Do you have a visceral reaction to certain words?
  • Who is Tim Foor?
  • How did Tim become a loan officer?
  • Would you like to hear Episode 157?
  • Does Tim own Bank on Yourself® type life insurance policies?
  • What does Tim think about Bank on Yourself®?
  • What about mixing Bank on Yourself® type whole life policies and mortgage strategies?
  • How does Tim help activate home equity towards the client’s advantage?
  • What has happened to home values?
  • What about a tax free money vehicle?
  • How many tax free instruments can you count?
  • What about about a cash out refinance?
  • What is the history reverse mortgage?
  • What is a HECM loan?
  • What is a home equity conversion mortgage?
  • What is a principal limit?
  • How does your age factor into accessing the equity in your home?
  • What about social security “not cutting it”?
  • What about future proofing a house?
  • What about people on a fixed income?
  • Why do people have a negative connotation and stigma toward the reverse mortgage?
  • What are the renovations on the reverse mortgage?
  • What about the mandatory counseling for reverse mortgage?
  • What about red tape and fees?
  • Isn’t the reverse mortgage just for those in poverty?
  • What happens when ultra high net worth individuals take reverse mortgages?
  • What about the jumbo reverse mortgage?
  • What about fees and closing costs?
  • What is a non-recourse loan?
  • Is there a way to be underwater on a reverse mortgage?
  • What about the family having the first right of refusal?
  • Does the bank want to own the home?
  • What are the options upon death?
  • What about Henry Ford?
  • Where did the obsession toward paying off the house come from?
  • What is line growth?
  • What happens if the housing market tanks?
  • Would you like to work with Tim at 866-888-7902?
  • Would you like to reach out to PRMI in Wooster, Ohio?
  • What are the takeaways?
  • Would you like to hear Episode 199?
  • Would you like to meet with Mark?  

Tim Foor has been in the mortgage business since 2012 after several years in the education and coaching fields. Tim takes a holistic approach to mortgage lending with a focus on strategic equity management. Tim also works with the sales team to ensure efficiency in the loan process. He is a 2007 graduate of Walsh University with deep ties to his hometown of Defiance, OH. He currently resides in Akron, Ohio with his wife, Monica, and daughters, Alison and Cameron.

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

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In this episode, we ask:

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

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

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

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

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

Episode 243: [Client Spotlight] Jay Helms

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In this episode, we ask:

  • What is the risk of owning a business?
  • Who is Jay Helms?
  • How did Jay meet his wife?
  • Where is Jay?
  • What has Jay learned about short term rentals?
  • What was Jay’s experience with taking a policy loan?
  • What was Jay’s experience with the bank?
  • What about moving away from a W-2?
  • What about transforming the family’s life?
  • What did Jay learn form Dave Ramsey?
  • What is Jay scared of now?
  • What happened to Jay’s net worth?
  • What about multiple streams of income?
  • What about real estate?
  • What about a mindset shift?
  • Would you like to visit Jay’s site, W2 capitalist?
  • What about having access to capital?
  • What does Mark appreciate about Jay?

 

Jay Helms, Founder of the W2 Capitalist, escaped the rat race after 6 years of side hustling in real estate investing. Jay has a goal to help one million people create multiple streams of income, achieve financial freedom, or build legacy wealth through real estate investing. Jay met his wife Cassie when they were contestants on a reality TV show and when their family of 5 are not traveling the country in their RV, Jay and Cassie reside in Gulf Breeze, FL, with their three kids, Rowland, Stella, and Ellen Anne. Knowing that closing on the first deal is the biggest hurdle and roadblock for new investors, he wrote a book, Make An Offer: Break Through Analysis Paralysis & Grab the Confidence You Need to Become a Real Estate Investor, to help them get over those mental hurdles. 

Episode 237: The Periodic Table of Abundance

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In this episode, we ask:

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

 

Episode 221: Benefit from the Rising Cost of College with Marty Smith

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In this episode, we ask:

  • How might one cover the insane, rising cost of college without vaporizing retirement savings at the same time?
  • Do you have someone in your life going to college or planning to go to college?
  • Have you heard Episode 143?
  • Who is Marty Smith?
  • What about a story?
  • Do you like numbers?
  • What about a case study?
Please note: The numbers presented here are for the purpose of an example only.
Please Book a Meeting with us or another Bank On Yourself® Professional to run the numbers specific to your situation.
Would you like to join our membership site to participate in Office Hours?
Join at notyouraverage.mn.co 

Marty Smith is Regional Vice President of Security Mutual Life Insurance Company of New York. 

He loves the 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.