Loans

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

June 17, 2022 by Not Your Average Financial Podcast

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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

June 3, 2022 by Not Your Average Financial Podcast

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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

May 13, 2022 by Not Your Average Financial Podcast

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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

May 6, 2022 by Not Your Average Financial Podcast

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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

April 29, 2022 by Not Your Average Financial Podcast

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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

March 18, 2022 by Not Your Average Financial Podcast

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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

November 26, 2021 by Not Your Average Financial Podcast

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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.

Episode 218: Top 10 Tough Questions When You Bank on Yourself (Part 2)

November 5, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What are the hardest, toughest questions I’ve heard people ask?
Would you like to hear Episode 217?
Why should I use the company you’re showing me?
What about this other insurance company’s dividends?
What’s the story behind the dividend?
Is the company stable?
What are the 29 qualifications for a Bank on Yourself® type whole life insurance policy?
Does the life insurance death benefit cost too much?
Why can’t I just buy my own bonds?
How is banking a necessary function in society?
How will you know which bonds to buy?
Will you be able to borrow against your bonds?
Will you have the capacity to buy bulk bonds?
What about tax?
What about fees?
What about the true cost of a life insurance death benefit?
What happens to policy values if the U.S. dollar becomes less valuable?
What about the scarcity of a resource?
What about dollar valued assets?
What about interest rates rising?
What happens to your dividends when interest rates rise?
What about purchasing paid-up additions (PUAs) with dividends?
How are PUAs like tiny life insurance policies?
What about contracts?
Is dividend paying whole life insurance a contract?
How does one beat inflation?
How does one beat devaluation of the dollar?
What about future value?
What about insurance as a store of value?
What about life insurance going off the U.S. dollar (someday)?
What about change of currency (someday)?
What about the rate of return?
What about guaranteed growth?
What about the death benefit going to your loved ones?
What about the growth rate?
What about volatility and unpredictability?
What about getting close to the average rate of return?
What about you?
Who needs to know about this?
What does this spark in you?
What are people saying?
Have these episodes been valuable to you?
Would you like to write a review?

Episode 217: Top Ten Tough Questions When You Bank on Yourself (Part 1)

October 29, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What about tough questions?
What about breaking even?
Why is Bank on Yourself® type whole life insurance worth it, when I am so close to retirement?
Have you missed opportunities?
Have you taken on too much risk?
…Compared to what?
What about an example?
Would you have enough money and time?
What about non paying tenants?
What about market downturns?
What is your time horizon?
Is your time horizon too short?
What would most financial advisors say?
What will you have?
What about real estate?
What about the stock market?
Why is it worth it?
What about an example?
What about a death benefit?
What about saving?
What about working?
Are you earning enough?
What accounts are taxable?
What makes sense?
What about waiting?
What is the best opportunity for my money today?
What about dealing with large sums of cash?
What about expenses?
What about policy loans?
What about locking in insurability?
What about earnings in a whole life insurance policy’s growth?
Can one get compounding back after losing the opportunity?
What about time?
What about guaranteed growth?
What about good health?
Is good health guaranteed?
What happens when one is uninsurable?
What about putting everything on hold?
Will life get in the way?
Is time your friend?
Is time your enemy?
Is there anything you can do about it?
Is the last deal you will ever do?
What would you like to give your future self?
Is there always more where that came from?
What is the power of the strategy?
How can I be sure that the life insurance company will come through on its guarantee?
What about guarantees?
Is past performance indicative of future results?
Would you like to listen to Episode 128?
What about bonds? What happens if bonds fail?
What about cash flow?
What about policy dividends?
What has happened since 1920 in corporate bond yields relative to inflation?
What about investment grade fixed income assets?
Why can’t I just forgo life insurance and save in a regular bank account?
What about an example?
What other financial vehicle can meet these expectations?
Does having your money safe and available for whatever you need take away any of your options? Or does it give you more options?
What tough questions do you have?

Episode 215: Client Spotlight with Jack Gerstner

October 15, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you rely on someone else to create your financial plan?
Have you heard Episode 122?
Who is your money guru?
Who is Jack Gerstner?
What about financial education?
What about research?
What about being open to new ideas?
What about challenging assumptions constructively?
What is Jack’s story with money?
What’s Jack’s story with crypto?
What happened when Jack read the Bank on Yourself Revolution book?
How does Jack use and leverage the whole life insurance policies?
What about renovations on properties?
What about medical bills?
What about speculation?
What about leaving a legacy?
What about property taxes?
What about compounding power?
How are taxes life’s greatest expense?
What makes all the sense in the world?
What is Jack’s strategy with whole life insurance and crypto?
What about Bitcoin?
What about speculation and volatility?
What about dollar cost averaging?
What about risk?
What about dividend paying whole life insurance?
What about annuities?
What about “anchor” assets?
What is Jack’s framework for allocation?
What about an emergency fund of three to six months of living expenses in your whole life insurance policy?
What about giving your money a job?
What about Jack’s philosophy for finance?
How is money a tool?
What about trusting and verifying?
What is a wise allocation of time?
What about a healthy distrust of mainstream advice, in general?
What about financial responsibility?
How about owning and learning the right way?
How do Bank on Yourself® type whole life insurance policies allow you to take more responsibility?
Who cares the most about your money?
What about purchasing power?
What about inflation?
What about inflation as a tax?
What happens to dividends on policies when interest rates rise?
Why did Jack join the Navy?
What would Jack tell his 18-year-old self?
What about paying attention to time?
What about responsibility?
What is reliable?
What is within your control?
What about your internal locus of control?

Jack Gerstner lives in Elmhurst, IL with his beautiful wife Lauren and their daughter Mia. They have a baby boy due in November 2021. Jack is an Illinois native and has lived here his entire life. He is a Transportation and Logistics professional and an Officer in the Navy Reserve. When he’s not spending time with his family or working, Jack enjoys running, reading, and learning about finance. Jack started his Bank on Yourself journey in June 2014 with Lake Growth Financial and now has multiple policies on him and his family.
Contact Jack on LinkedIn

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