Not Your Average Financial Podcast™

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

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

September 9, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_262.mp3

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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.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_262.mp3

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

August 12, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_258.mp3

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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.

 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_258.mp3

Episode 254: Solving the Unsolvable Financial Problems with Steven Step

July 15, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_254.mp3

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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.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_254.mp3

Episode 245: The Truth About Reverse Mortgages with Tim Foor

May 13, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_245.mp3

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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.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_245.mp3

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

May 6, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_244.mp3

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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

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_244.mp3

Episode 242: Die with Zero and Love Every Minute of It

April 22, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_242.mp3

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In this episode, we ask:

  • What is the purpose of your money?
  • What’s it all for?
  • What happens when you get more money?
  • What is the key?
  • What about a story?
  • What is ROE?
  • What about Bill Perkins’ book, Die with Zero?
  • What happened when Mark went to Japan?
  • What about memory dividends?
  • What about paying attention?
  • What about another story?
  • What about receiving money without working?
  • What about understanding value?
  • What about thinking about money differently?
  • What is the purpose of money for you?
  • What is your current definition of money?
  • What about out living your money?
  • What about annuities?
  • What about maximizing cash flow?
  • What about whole life insurance?
  • What about accessing cash value?
  • What happens to the death benefit?
  • What about giving away your cash before you die?
  • What about traveling when you’re younger?
  • Would you like to meet with Mark?
  • What about choosing a year to start lowering your net worth?
  • How might you calculate it?
  • What about your Maximum Net Worth?
  • What about your remaining Years of Life Expectancy?
  • What about your annual spending?
  • What about the growth rate of 4%-5%?
  • What will sustain you after your net worth is spent down?
  • What are people saying?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_242.mp3

Episode 238: [Client Spotlight] Variable Paychecks to Permanent Lifetime Income with Christian Ward

March 25, 2022 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_238.mp3

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In this episode, we ask:

  • Who is Christian Ward?
  • How did Christian earn his first dollar?
  • How does Christian handle the ups and downs of living on real estate commissions?
  • What is it like starting out as a realtor?
  • What about working on the business of real estate?
  • What about Profit First?
  • How did Mark and Christian meet?
  • What about knowing what you don’t know?
  • What about growing financial savvy?
  • What about growing more peaceful?
  • What about self improvement?
  • What happened in 2011?
  • What about running?
  • What about health?
  • What about planning for longevity?
  • What lessons did Christian learn through caretaking?
  • What about self-reliance?
  • What about not out-living savings?
  • What were Christian’s goals?
  • What problems does a flexible premium annuity solve?
  • What about lifetime income?
  • What happened with the investment advisor in early 2020?
  • What about reducing volatility?
  • Have you read Profit First?
  • How has Christian applied Profit First principles?
  • What are Christian’s current and future goals?
  • How might we pay our future selves?
  • What about being deliberate and thoughtful?
  • What about managing stuff?
  • Would you like to work with Christian?
  • Would you like to visit christianwardhomes.com?
  • Would you like to hear Christian’s podcast, Interesting Humans?
  • Would you like to join our Not Your Average Financial Community?
  • What are people saying?

Christian Ward is a seeker, writer, podcaster who happens to do real estate to make a living.

He has lived in many parts of the country; for the past 31 years Ann Arbor, MI has been his home. He is the podcast host of Interesting Humans a deep dive into the mindset, the philosophy and the achievements of the people around us who have fascinating narratives to share.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_238.mp3

Episode 223: How They’re Stealing Your Pension, Even If You Don’t Have One with Chris Tobe

December 10, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_223.mp3

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In this episode, we ask:

  • Who is Chris Tobe?
  • What’s his story?
  • Have you read Kentucky Fried Pensions?
  • What about contracts?
  • What about excessive fees?
  • What about the tax payers?
  • What about the Chicago Police pensions?
  • Would you like to read the Twisted Priorities article?
  • What’s happened in Pennsylvania?
  • What about making a partial payment on a pension?
  • What about the pensioners?
  • What do we know?
  • What about cost of living increases?
  • What happened in the Detroit bankruptcy?
  • What about underfunded pensions?
  • What happens in bankruptcy?
  • How many pennies on the dollar are the pensioners likely to receive?
  • What other programs are underfunded?
  • What about social security?
  • What about money printing?
  • What’s the value of the money going to be?
  • Can states declare bankruptcy?
  • Can cities declare bankruptcy?
  • What about defined contribution plans, like 401(k)s?
  • What about target date funds?
  • What about private equity hedge funds?
  • What about the fees?
  • What about the scale of fees?
  • What about an example?
  • What came out of the mutual fund association?
  • What about a variable annuity?
  • What about expenses?
  • What about taxes?
  • What about full transparency?
  • What about public pensions?
  • What are the takeaways?
  • How destructive are 1% fees?
  • Is your pension transparent?
  • Are pensions going away?
  • What about the promise and delivery of a guaranteed lifetime income?

Chris Tobe, CFA, CAIA works as a pension investment consultant, expert witness, and author. His most recent book is “Kentucky Fried Pensions” and recently filmed with PBS Frontline on a Kentucky pension piece airing in October 2018. He is now working as a Chief Investment Officer with a Public Pension consulting firm out of New Orleans the Hackett-Group, where he has provided project consulting to a number of public pensions in MD, NC and TX.

From 2008-2012 he served as a Trustee and on the Investment and Audit Committees for the $14 billion Kentucky Retirement Systems.
From 2008-2009 he was a Sr. Consultant with New England Pension Consultants and worked with a number of public pension plans in Oklahoma, Missouri, Michigan and the District of Columbia. And was Former VP in 401k investments with AEGON 2001-2008.

He has written 4 books, dozens of articles and has been quoted in the Wall St. Journal, New York Times, Forbes, & Bloomberg. As a public pension trustee, he completed the Program for Advanced Trustee Studies at Harvard Law School and Fiduciary College held at the Stanford University.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_223.mp3

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

November 26, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_221.mp3

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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.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_221.mp3

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

October 29, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_217.mp3

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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?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_217.mp3
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