Loans

Episode 190: The Ninja Belts of Bank on Yourself®

April 23, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What strategies are you excited about?
What about being a newbie?
Would you like to hear a ninja belt metaphor?
What is the white belt?
What about saving from cash flow?
What about monthly premiums?
What do you learn in karate?
How many moves are you making in your monthly budget to up your cashflow?
What about the fundamentals?
What about “back to the basics”?
What is the orange belt?
What about a lump sum along with monthly premiums?
What about windfalls?
What about bonuses?
What advantages come with a paid up additions rider?
What about repositioning?
What is a 1035 exchange?
What about universal life policies?
What about the red belt?
What about annual premiums?
How does this benefit business owners?
What about annual windfalls?
What about an annual surge in sales?
What about multiyear projects?
What about solving several problems?
What about passing on savings?
What about the yellow belt?
What about the intention behind starting?
What about other people?
What about lines of credit for business?
Can you have multiple policies on yourself?
What are the most important assets in your life?
What about the green belt?
What about real estate?
What about business inventory?
What is life insurance all about?
What about an additional focus?
What about vehicles?
What about college?
What about business expenses?
What about the debt SnowBank Method?
Is it possible to be better than debt free?
What about policy loans?
What restrictions are on policy loans?
What questions do insurance companies ask to take policy loans?
Would you like to learn more about the green belt strategy?
What about the purple belt?
Would you like the budgeting tool? Meet with Mark
Do you have a massive tax bill due every year?
What are non-direct recognition policy loans?
How fast should you pay the policy loan off?
Are you a business owner?
Are you a real estate investor?
What happens if you don’t pay off the loan?
What about the fortitude required?
What about compound growth?
Is it a good idea to pay a policy loan back?
What does it mean to lapse a policy?
What is a big deal?
What is not a big deal?
What is the risk on the gains in the policy?
What do you lose when a policy lapses?
Do you understand the risks?
What about the brown belt?
What is a system of policies?
What is a family office?
What about grandkids?
What about grandparents?
Why insure kids?
What is the power of this strategy?
What is the regular system of communication and intention?
Is a family office formal?
Is a family office informal?
How might a family communicate?
When do families meet?
Who shows up to a family meeting?
What is the key?
How might you prepare your people for the money?
What about the black belt strategy?
What about income equaling premium?
Is this recommended?
What is fraught with peril?
What did Nelson Nash say?
What is the caution?
Why is this not for 99% of people?
How does it work?
What are the four steps?
How might you live on less than you make?
What about the pattern of life?
What are the risks and considerations of black belt strategy?
Are you able to live like a spartan?
What about getting improved for this much life insurance?
What is the job of underwriters?
What about liability?
Have you arrived?
How are you still learning?
Would you like to strategize together?
Book a Meeting with Mark

Episode 183: What About Bank On Yourself® and Bitcoin?

March 5, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you remember your MySpace password?
Do you have your bank password somewhere for your kids and grandkids to find?
Who is Stefan Thomas?
How did he lose so much Bitcoin?
What are the risks?
Does Bitcoin have value?
Is crypto a way to safeguard wealth?
What’s to love?
What is the value of the price of a bitcoin?
Is this the latest tulip mania?
Is it the future of money?
What are the main functions of money?
What defines money?
What about blockchain inflation?
Who owns blockchain patents?
What about volatility?
How old is Bitcoin?
How much would you like to spend on pizza?
Who uses Bitcoin to buy groceries?
What about anonymity?
What about concerns and regulations?
What did Janet Yellen say?
What about marketing?
What about a Bitcoin ATM network?
Is Bitcoin a medium of exchange?
What about payment for debts and taxes?
Why is the U.S. dollar the current medium of exchange?
Why does the U.S. government want tax in U.S. dollars?
What about printing money?
What about modern monetary theory?
What happened in the 1960s?
What about the behavior of society?
What about paying tax with Bitcoin?
What about reporting crypto holdings?
What about regulations and oversights?
What about the benefits?
What about paying tax on the gains?
What about the federal reserve?
What about pension funds?
Who is G. Edward Griffin?
What did he say?
Will the U.S. dollar go away?
What about the capital?
Has the government been hands off with crypto?
What about non-Bitcoin cryptocurrencies?
What are the main functions of money?
What about store of value?
What about the word currency?
What about flow?
What about storage?
How many bitcoins have been lost?
What about aging?
How is money like the promise of the future?
What about commodities?
What about futures?
What about gold?
Is Bitcoin a store of value?
Is Bitcoin speculation?
Who is the end user for Bitcoin?
What about futures contracts?
How is this like an insurance contract?
What about beating inflation?
What about predictability?
What about 1970s or 1980s inflation?
What about Bank on Yourself® type dividend paying whole life insurance?
What about speculation?
What about your risk tolerance?
What do you see in crypto?
Is crypto scarce?
Is it useful?
What about a deflationary environment?
What is the biggest profit centers for insurers?
What about term insurance policies?
Will insurers pay in crypto?
When did the dollar become legal?
What happened in 1863?
What is the legally recognized currency?
Who wins?
Is whole life insurance immune from financial disaster?
What about the risks?
Where is the real education?
Where does the real transformation occur?

Episode 176: Annuities vs. Everything Else

January 15, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

What are people saying about annuities?
What about supplemental income strategies for retirement?
Should alternative income strategies be used in retirement?
What about rental income?
What about rental income in a pandemic?
Is your rental property your annuity?
How is this working out?
What about Moody’s analytics?
How many renters are behind on rent?
What about mom and pop landlords?
What are squatter’s rights?
What about contract law?
What about laddered bonds?
What about taxes?
Have you heard Episode 138?
What about MUNI bonds?
What did Barron’s say?
What did Mark see at the Oriental Museum?
What about liquidity?
What is a Single Premium Immediate Annuity (a SPIA)?
What about inflation?
What about the Mack Truck factor?
What have the insurers done with the annuity gotchas?
What is the fixed indexed annuity?
Have you heard Episode 80?
What about income?
What about a steady stream of income in retirement?
How does one fund an annuity?
What are the choices?
What are the tradeoffs?
What are the protections?
What about qualified and non qualified plans?
How does a fixed annuity address the liquidity problem?
Who has the cash?
What is an idea for liquidity?
What about the inflation problem?
Can you lose money due to market fluctuations?
What about the participation rate?
What about an inflation protection hedge?
What about competitive market returns without loss?
What about increasing income in retirement?
What about a pay raise in retirement?
What about a guaranteed minimum income for life?
What about the insurers addressing the Mack Truck factor?
What about gifting the unspent lump sum to your beneficiaries?
What about nursing home care?
What about double income payments in a qualified care facility?
Do you have a bond that can do that?
Do you have a rental property that can do that?
What are the benefits of the indexed annuity?
What are the downsides?
What are the risks?
Who is an indexed annuity good for?
What about medium and long term savings goals?
What about short term goals?
What do you want your money to do for you?
Who are indexed annuities NOT good for?
What about surrender charges?
What about liquidity?
Would you like to meet with Mark?
What about looking at your Social Security benefits online?
Do you have a plan for long term care?
Do you have a plan for your home equity?
How might your home equity support you in retirement?
Do you still need to buy stuff?
Would you like to join the Not Your Average Financial Community?

Episode 173: Am I Too Old for Bank on Yourself®? Part 2

December 25, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Did you hear Part 1 in last week’s episode, Episode 172?
What about Bank on Yourself® for seniors?
What about long term care?
Can an 85-year-old get life insurance?
What about examples?
How do lump sum premiums work?
What about riders?
What about growth?
What about guaranteed values?
What about inflation?
What is a single premium whole life policy?
What about health concerns?
What is different about underwriting?
What about insuring someone in your family or business?
What about ownership of the policy?
What questions should you ask?
What about retirement?
Who do you know that needs to consider this?
Has your retirement gone up in value every single year?
What about dividends?
How strong is the institution where your money is held?
What about luck?
What about skill?
What about growth and principal?
What about taxes on gains?
Can you spend the money while it’s still growing for you?
What about borrowing cash value?
What is the path toward uninterrupted compound growth?
Do you have a Bank on Yourself® professional to talk with?
What is a non-recourse loan?
What happens when you die?
Is your money liquid?
Are you penalized from accessing your money?
Is your money trapped?
How much can you withdraw?
What’s pretty cool?
What about retirement income?
What about the biggest complaints from seniors?
What about penalties?
Does your plan address the 500-pound gorilla in the room?
What about long term care?
What about activities for daily living?
What about giving to charity?
What about probate court?
Would you like to hear some examples?
What about the sandwich years?
What about required minimum distributions or RMDs?
What about a home health care benefit?
What about leaving a legacy?
Where do seniors tend to keep cash?
What is possible and not possible to do?
Would you like to call us?
Would you like to view Mark’s calendar and book a meeting?

Episode 168: Robert Farrington, the College Investor

November 20, 2020 by Not Your Average Financial Podcast

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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 166: Sean Morrissey is Landlording for Life

November 6, 2020 by Not Your Average Financial Podcast

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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 163: Why Banks Need Insurance Companies with Kevin Greer

October 16, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to be the owner?
What about assets?
Who is Kevin Greer?
Who works with Kevin?
What’s the craziest thing Kevin’s seen?
What about families inheriting properties?
What about estates and life insurance death benefits?
How does Kevin acquire properties for BankFinancial?
What’s the big difference for a smaller bank?
Who is the target market?
Why does it make sense to work with a community bank?
How does cash value life insurance factor into net worth calculations?
What does Kevin see on the balance sheets?
What about term insurance?
What is a future asset vs. current asset?
What about liquidation situations?
What are capital markets?
What are BankFinancial’s sweet spot?
What is a recourse loan?
How does one personally guarantee a loan?
What is it like, as a bank, borrowing from life insurance companies?
What kind of loans do life insurance companies want?
What are the companies looking for?
How might you, as an owner in a mutual life insurance company, participate in these deals?
What about cash flow?
What about yield?
What about private lending (sort of like hard money lending)?
How does Kevin help private lenders?
How did Kevin discover his passion for this work?
Would you like to talk with Kevin?
- kgreer@bankfinancial.com
- Call 312-525-1131
- Reach out on LinkedIn
What are the takeaways?
What is a current asset? What is a future asset?

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

Kevin Greer, a commercial and multifamily real estate specialist for BankFinancial, has over 25 years experience lending and has closed over $100 million in real estate financing transactions.

Kevin participated on bank REO committees and REO disposition teams. In addition, Kevin has personally bought and sold several real estate properties over the past 15 years.

Episode 161: Bank on Yourself® and Real Estate Investing

October 2, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to hear a LIVE workshop Mark did with Roger Blankenship of the Flipping America Real Estate Investment Association?
Who has the deal funding power?
Is it possible to cut out mortgage companies?
What was the biggest wake up call of Mark’s adult life?
What are the three strategies and tactics?
What else?
Would you like to watch the video presentation (see below)?
Would you like to subscribe to the NYAFP YouTube page?
Would you like to hear the Q&A?

Episode 160: Why Work with a Bank on Yourself® Professional? Part 2

September 25, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the history of Bank on Yourself®?
What did Nelson Nash find with the Infinite Banking Concept?
How was Nelson an evangelist?
What’s the issue with the IBC meaning?
What standards are in place around the Infinite Banking Concept?
What did Pamela Yellen learn?
What does Pamela write on page 247 of the Bank of Yourself® Revolution?
What is a modified endowment contract (or MEC)?
How did Pamela Yellen develop the Bank on Yourself® Professionals program?
How is the Bank on Yourself® language protected?
What is Bank on Yourself®?
How does this make a significant difference?
How might you know if an agent is capable and properly trained in designing a Bank on Yourself® type policy?
What about investment advisors?
What about designing riders properly?
How are these policies different from traditional whole life policies?
What is the only kind of insurance recommended for the Bank on Yourself® strategy?
What about captive agents?
What sort of products are captive agents writing?
Does it sound too good to be true?
What is Bank on Yourself® based upon?
Who owns Bank on Yourself® type life insurance policies?
Who do you know who is a Bank on Yourself® policy owner?
Can that advisor truly help you?
Why didn’t that advisor already tell you about Bank on Yourself®?
What is Bank on Yourself® NOT?
What about the knock-off advisors?
What about advisors who lost their licenses?
What is happening in the marketplace landscape?
What about the Infinite Banking Concept?
What about Private Banking Systems, Family Banking, Circle of Wealth, What Would the Rockefellars Do? and Perpetual Wealth Strategy?
Have you heard episode 95 and 96?
When was Nelson Nash’s Becoming Your Own Banker written?
What’s wrong with outdated numbers?
Is it about rate of return?
Is it legal to call an insurance policy a “bank”?
What about the laws and regulations?
Did Nelson Nash defend his trademarks?
How much do we treasure Nelson’s legacy?
What is a 770 Account?
What about the other names for a 770, including a President’s Secret Account, a 501(k) Plan, an Invisible Account and Income for Life?
What about a 702(j) Retirement Plan, attributed to President Ronald Reagan?
How are the Bank on Yourself® Professionals different?
What about Wealth Beyond Wall Street?
What is the promise?
What are some other names?
What is a Safe Money Millionaire or a 101 plan?
What is Indexed Universal Life?
What is in the fine print?
What about the warnings and disclaimers?
Why does the cash value on these go to ZERO?
What about the watchdog investigation?
Why are the illustrations on IUL and UL products wildly inaccurate?
What are IUL problems?
What about the IUL increasing costs?
Why is this devastating?
Why do these policies fall apart?
Would you like to hear Episode 59?
Would you like to hear Episode 60?
Would you like to hear Episode 61?
How are Bank on Yourself® Professionals different?
What is Maximum Premium Indexing and why is it so hot right now?
Why are they recommending buying an IUL and a whole life policy?
What is this mysterious strategy?
What is the advantage? What is the downside?
What is piggy backing?
Who does this benefit?
What are the red flags?
Why is this an ethical crisis?
Why is borrowing from one policy to buy a new one a bad idea?
What can you do if you’ve already purchased an inefficient or troubling policy?
Have you heard of the 1031 exchange in real estate?
Is there a like kind exchange in insurance?
What is the 1035 exchange?
Do you have an in-force illustration?
Would you like to call your insurer to get an in-force illustration?
Would you like us to review your in-force illustration for FREE?
- Email us your PDF at hello@nyafinancialpodcast.com
- or hop on Mark’s calendar.

The Problem with Costs Going Crazy in Indexed Universal Life (IUL)

Example of What Might Happen with Retirement Income Using Indexed Universal Life (IUL)

Episode 158: Bank on Yourself®: What’s in it for Insurance Companies? with Matt Berman

September 11, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Why would insurance companies offer the products for Bank on Yourself® whole life insurance type policies?
Who is Matt Berman?
What is Foresters Life Insurance and Annuity Company?
How is a member different than a customer?
What is a fraternal benefit society?
How is the Foresters experience different than a stock based company?
What are the benefits?
How might life insurance promote a social benefit?
What space does Foresters create to provide service to the community?
What is Caring Through Crisis?
What about the legal support?
What is the Charity Benefit Rider?
What about the profitable business model?
How does Foresters stay profitable through these hard times?
What about the strategic plays?
What about managing low rates and uncertainty?
How is this an exciting time?
How does Foresters rise to the occasion?
What’s in it for Foresters?
What about diversification of risk?
What about consistency?
What about needs?
How does the Foresters spectrum of products serve different needs?
What about term life insurance?
What about permanent cash value life insurance?
What about premium levels?
What about retirement needs?
What about unanticipated life events?
When do profits emerge for life insurance company?
How is it that a company can lose money in the first year of a new policy?
What is an acquisition expense?
How do profits emerge over time?
What about premiums paid over time?
What about a strong persistency?
What about the diversification of the company’s risk?
What about the price point?
What is a long duration liability?
What about reinvesting back into membership?
What about stakeholders and constituents?
How long has Foresters been going strong?
What about purpose driven DNA?
How does Foresters operate?
What about innovation?
What about being purpose driven?
What about focusing on social good?
What happened in 2019?
What about wellness?
What about a rewards system based on wellness?
What are the takeaways?
Would you like to join us live tomorrow for Profit First and Bank On Yourself®, Saturday, September 12, 2020 at 11am ET?

As Chief Distribution Officer of Foresters Financial, Matt Berman is responsible for life insurance and annuity product development, pricing and sales across the United States and Canada.

Matt has over 25 years of experience leading strategic planning, sales, marketing and product management organizations in insurance and investment banking. He has worked in global organizations, including AXA, AIG and Zurich Insurance, motivating customer-focused teams in both the property and casualty, and life and savings sectors.

Matt holds a Bachelor of Arts in English from the University of Pennsylvania and a Master of Business Administration from New York University, Stern School of Business. Matt is an avid tennis player, skier and surfer, and active in community service.

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