Not Your Average Financial Podcast™

Episode 126: Is Bank on Yourself® a Scam? The Mathemagic of Money Blogger Allan Roth

January 31, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Have you been listening to us for awhile?
Do you know how much we appreciate you?
What is the definition of the word scam?
Were you first skeptical when you heard of Bank on Yourself®?
Is Bank on Yourself® a scam?
Are critics thinking clearly?
What are Mark’s credentials?
Does Mark recommend this strategy?
What are the posts on reddit pointing toward?
What about the article on CBS Moneywatch by Allan Roth?
Who is Allan Roth?
What does Allan Roth do?
What did he say in his article?
What is the key mistake in his argument?
Would you have more money if you didn’t make a (car) purchase?
What did Pamela Yellen say?
Would you like to read Pamela Yellen’s response to Allan Roth’s opinion piece?
Do life insurance companies offer up policy loans for charity?
Would you like to learn more from Episode 32 or Episode 110?
Did Mr. Roth actually make money on this?
What was Mr. Roth’s total contribution?
$9,832 – Cash value increase
+$3,916 – Full dividend (not reduced, even though he has a policy loan)
= $13,748 – Total growth on $12,000
– $12,000 – Total paid (including loan interest and PUA premium)
= $1,748 – Profit (increase)
Doesn’t Roth actually gain $1,748 on the additional premium and loan interest he pays?
What was the APR on the car loan?
Should you buy stuff you can’t afford?
What is the best way to make major purchases?
What was the true cost of purchasing the car?
Would you like to learn more about opportunity cost and listen to Episode 13?
What about inflation?
How does a Bank on Yourself® type whole life insurance policy provide a workable solution?
What would the numbers be after expenses and fees?
Would you like us to run your own numbers?
Would you like to book a meeting with Mark?
Who else has Allan Roth targeted in his writing?
Would you like to leave Mark a voice message at Speakpipe.com/nyafp?

Would you like to sign up and join us for a FREE Live Online Episode?

When: Tomorrow, Saturday February 1, 2020, 10AM CST
Where: Online!
Cost: 100% FREE
Topic: Getting out of debt with the SnowBank Method
Who: Hosted by Mark Willis, CFP®, along with Grandma’s Wealth Wisdom hosts, Amanda Neely and Brandon Neely
Next Action: Register Now and Join Us!

Episode 125: How to Acquire Ten Properties a Month with No Money Down with Chris Prefontaine

January 24, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Chris Prefontaine?
Who works with Chris?
How does Chris work with his son Nick?
How might one buy real estate on terms?
What is a lease purchase?
How does a lease purchase affect the homeowner?
What is owner financing?
About how many homes are free and clear in the U.S.?
What about principal owner payments?
What can go right with lease purchase?
What can go wrong with lease purchase?
What happens if someone dies during a lease purchase?
What is a tenant buyer on a rent to own?
Why does Chris want to avoid traditional renters?
How long have lease purchase deals been happening?
What’s the key difference between taking a course and doing a deal?
What happened in 2008?
What happens when Chris strikes the right term and the right agreements?
What’s the current market like?
What’s the long history of real estate investment?
How does Chris bring little or no money into a deal?
What happens when Chris finds a buyer?
How many deals a month make a substantial cash flow?
What are his core values?
How does Chris vet students?
Do you have grit?
Can you manage expectations?
How did Chris and his family arrive at the core values?
How do the core values affect how the family communicates?
What about secondary income?
What if an owner did one or two deals a year? What’s wrong with that?
What if you buy your own home this way?
Would you like a free copy of Chris Prefontaine’s new book?
Would you like to pay for and read his book on Kindle, The New Rules of Real Estate Investing?
Would you like a free strategy call with Chris?
Is all real estate hard work?
How do you keep work stress from showing up at the dinner table?
Would you like to join us on February 1, 2020 at 10AM CT / 11AM ET for a live online episode?
Would you like to leave us a voice message?
- Do you think Bank on Yourself is a scam?
- Do you have positive or negative experience with Bank on Yourself?
- This is the last week to let us know!

Chris Prefontaine is the best-selling author of 2017’s Real Estate On Your Terms and this year’s The New Rules of Real Estate Investing. A real estate investor with over 27 years experience in the field, Chris is the founder of Smart Real Estate Coach ·- and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim, and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team.

Chris has been a big advocate of constant education. He and his family mentor, coach, consult, and actually partner with students around the country, teaching them to do exactly what their company does. Between their existing Associates nationwide and their own deals, Chris and his family are still acquiring 5-10 properties every month and control between $20 to $30 million dollars worth of real estate deals — all done on TERMS without using their own cash, credit, or signing for loans.

Chris and his family believe strongly in giving back to the community. They currently support Franciscan Children’s Hospital in Brighton, MA, 3 Angels Foundation in Newport, RI, and the Wounded Warrior Project by giving a percentage of all deals to those causes.

Episode 124: Not In My Backyard! Mobile Home Investing with Brant Greathouse

January 17, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Brant Greathouse?
What is TrueStar Capital?
Are you interested in not so average real estate?
Why is affordable housing so important?
How much of the population can spend only $500/month or less on housing?
What is intriguing about mobile home park investing?
What is “renting dirt”?
What is the business model for mobile home parks?
What is “lot rent”?
How is this different than a trailer park?
Is this a “not in my back yard” (NIMBY) sort of investment?
What is the management structure?
Why is there a high barrier of entry to these sort of parks?
How many mobile home parks are in the United States?
How does Brant find deals?
Who are the “Mom and Pop owners”?
What is a rent credit program?
What about people who can’t meet the barriers to entry?
What about collecting rent on an individual mobile home project?
How do people who have a Bank on Yourself type whole life insurance policy have an advantage?
How does this work?
What are Brant’s goals and targets?
What do Brant’s investors receive?
What is value add equity?
What are the tax advantages?
What’s the number of years on depreciation for mobile homes?
What are Brant’s plans?
Would you like to connect with Brant via email at brant@truestarcapital.com?

Brant Greathouse brings with him more than fifteen years of extensive business experience, ranging from President and Chief Executive Officer of a privately-held marketing company, building a real estate investment company that offers turnkey investment strategies for residential housing in Texas and Tennessee. Brant brings experience in market evaluation, property analysis, property and business management systems, due diligence, finance, and more. Brant graduated from Abilene Christian University with a Bachelor’s of Arts Degree and a minor in Business Finance.

His expertise has led him to do over 250+ real estate transactions since 2009, including Manufactured Housing Communities, commercial developments, and single family homes. Brant’s foresight to the opportunities available in the affordable housing niche have led him to become the CEO and co-founder of True Star Capital, which specializes in the acquisition, operations and sales of manufactured housing communities. Naturally almost all of the previous real estate investment experience coupled with the success of two manufactured housing funds and learning from the top people in the industry gives Brant a high level of experience and expertise, for Acquisitions and Management of the portfolio of Manufactured Housing Communities that True Star Capital is investing in.

His duties for True Star Capital’s Portfolio focus on (i) Overseeing the management of any Company holdings. (ii) The sale of Company holdings. (iii) Developing a mobile home buying program that will be utilized to infill communities owned by the Company. (iv) Overseeing the development, design and implementation of the marketing strategy; and (v) the overall strategy and plan for client experience and satisfaction.

Episode 123: News Roundup: The SECURE Act Passes, A Billionaire’s Biggest Policy and a WSJ Warning

January 10, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What is the SECURE Act?
How does this act affect retirement accounts?
What about the fiduciary safe harbor?
What’s important about 72 years old?
What is a stretch IRA?
Did you hear the episode on required minimum distributions?
Would you like to hear an example?
What about taking distributions on inherited IRAs within 10 years?
What would the taxable income be in that 10 year period?
Are taxes as low as they’ve ever been?
When are taxes slated to go up?
What has changed with the 529 plans for college savings?
Can you now use 529 plans to pay for student loans?
What is a target date fund?
What is the average return of a target date fund?
What are the average rates on a student loan?
Can you apply a 529 plan for another child?
What about the 1.5 trillion dollar student debt problem?
Who purchased a 201 million dollar life insurance policy?
Who is the mysterious billionaire? Could it be Elon Musk?
Is life insurance a private contract?
Why would a billionaire pay million dollar premiums into a life insurance when they can buy literally anything else?
What are some of the benefits?
Would you like guarantees?
Would you like liquid access to cash?
Would you like tax advantages?
Would you like tax advantaged income in retirement?
What about California estate taxes?
What states have an inheritance tax?
What about the Wall Street Journal’s article on the I.U.L. product?
What is the appeal of Indexed Universal Life?
What is the massive issue with Indexed Universal Life?
What is this fancy “multiplier” and why are the regulators concerned?
Will this be a repeat of the troubled Universal Life policies of the 1980s?
What is the true cost of these policies?
What are the risks?
Have you heard Episode 59?
Have you heard Episode 60?
Have you heard Episode 61?
How many times is money mentioned in the bible?
Would you pay your neighbor’s debt?
What is the story of the church paying the debt?
How does this group view credit card debt as a group problem?
How does the debt annihilation team work?
Would you like to join us LIVE online on February 1, 2020?

Episode 122: Your Last Money Guru

January 3, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you ready for this new decade?
Who are the money gurus?
Do these money gurus have some special secret to managing money?
Do you believe that you are unlucky in money?
Who will provide us the key?
Why do we yearn to have what’s on the other side?
Do they have it better?
Who will be your last money guru?
Who will let you down, in the right way?
Is there a magic pill?
What will your last money guru do?
What will your last money guru not do?
What is your last money guru’s true job?
What’s an example of a guru paradox?
What’s the main reason why younger people won’t work with financial advisors?
Which is more effective? Simple rules or complex rules?
To which money guru red flags should you pay attention?
FREE BOOK! Would you like a free copy of Pamela Yellen’s latest book? If you’re in the U.S.:
- Leave us a review and send an image of your review to hello@nyafinancialpodcast.com, and we’ll mail you a free copy of Pamela Yellen’s latest book, Rescue Your Retirement.
LET US KNOW! Could you leave us a voice message on SpeakPipe with one or more of the following answers?
- What did you think of this money guru episode?
- What’s your money mistake story?
- Do you think Bank on Yourself is scam or do your friends and family think it is?
- Do you own a Bank on Yourself type policy? Do you believe it’s not a scam?
LIVE EPISODE Would you like to join us for a LIVE Online Episode on February 1, 2020? Sign up here! bit.ly/livenyafp

Episode 121: A Strategy for RMDs

December 27, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

What is a Required Minimum Distribution (RMDs)?
What happened when you put your income into the deferred tax account?
How will the tax be paid?
When will the tax be paid?
What is built into the Internal Revenue Code?
When do Required Minimum Distributions become payable?
What about age 70.5?
What about age 59.5?
What is this magical 11 year time zone?
Do you own a qualified plan?
When you can you withdraw funds?
What about penalties?
Have you heard about the 70.5 deadline?
A 50% penalty?! 50%?!
When do you think taxes will be higher?
What happens if you pass away with a qualified plan?
What does your partner have to do?
Would you like an example?
How does one calculate an RMD?
What is your life expectancy?
What is the balance of the account?
Are RMDs taxed at ordinary income tax rates?
Is your spouse 10 years younger than you?
Will RMDs force you into a higher tax bracket?
Will RMDs raise your Medicare premiums?
What if you have assets inside of your qualified accounts?
Will you have to sell your stocks?
Will you have to sell your real estate?
Does the RMD care?
What happens if you live past your life expectancy?
What happens if you need it for long term care?
What about the 4% rule?
How successful is the 4% rule?
What about 2.8%?
What about 6.5%?
Has the government updated their formula to reflect these new findings?
Will most run out of money?
What is the new SECURE ACT in congress?
What are some ideas to consider?
Are you in your mid to late 50s?
How much do you have that will be exposed to ordinary income tax?
Would you like protection from required minimum distributions?
Are there multiple accounts that you would like to consolidate?
How might you leave a substantial legacy for your children?
What about a life insurance policy?
Are today’s tax rates historically low?
How much will you be forced to take out of your retirement accounts?
How could you leave your family far more than you ever saved?
Would you like to view some example numbers? Note: this is only an example. To see your exact numbers, please contact us.
How might we help you with an RMD strategy? Hop on our calendar for a FREE 15 minute Introduction Phone Call
Do you own a Bank on Yourself® type policy? Do you believe that Bank on Yourself is a scam? Leave us a message and let us know your experience!

Episode 120: Are You Investing and Banking at Retail Prices?

December 20, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you ready?
What is the most wonderful shopping season?
Would you like to retire right now?
What is it we’re talking about when we talk about money?
Can you meet your life goals without money?
Should we put money in the stock market and wait?
What are taxes going to do?
Will you get more than a 10% return on your money?
What can you expect from the stock market?
Why does Dave Ramsey still quote 12% annually on mutual funds when advisors aren’t allowed to do that?
What are real investors actually receiving, according to DALBAR?
What about fees?
What are the ongoing costs?
What are 12b1 fees?
What are other expenses?
What about redemption fees?
What about exchange fees?
What about the account fee?
Do you have to keep a minimum balance in that fund?
How might you think outside of the “retail” investing space?
What if you could invest at “wholesale” prices?
What is a REIT?
What about a private equity fund?
What is the trouble with wholesale shopping?
What about getting the top of the line model?
Are you giving up liquidity?
Does the government regulate who has access to wholesale?
What is an accredited investor?
How might you shop direct?
Do you increase your return with direct investing?
Do you increase your risk with direct investing?
Do you increase your control with direct investing?
How can you increase the tax benefits?
Would you like to defer your tax?
What about a Roth IRA?
What about offsetting rent income with expenses?
Can you do this inside a Roth IRAs?
What is the disadvantage of a self-directed IRA?
What about a professional real estate investor?
Who is blocking you when you’re a direct investor?
How can you eliminate the bank from the equation?
What about the function of banking at the retail, wholesale and direct levels?
What about Bank on Yourself® type designed whole life insurance policies?
What if you could become a banker in the direct sense of the word?
Are you a private money lender?
What happens when banks stop lending?
Could you offer your friends or family a better rate and better terms?
Could you become a lender to improve your financial picture?
How many fees are in your portfolio?
Are you an accredited investor?
Have you seen crunchbase.com?
Do you budget your cash value?
Have you started using YNAB (youneedabudget.com)?
Would you like to talk with us about making your financial picture more direct?
We have a question for you… Is Bank on Yourself a scam? Let us know at speakpipe.com/nyafp
Would you like to leave us a review at Apple Podcasts?
Would you like a complimentary copy of Pamela Yellen’s latest book?

Episode 119: Building Wealth That Leads to the Blissful Life with Moneeka Sawyer

December 13, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Do you remember what happened in 2008?
What did JAMA say about “Wealth Shock”?
Who is Moneeka Sawyer?
How does Moneeka manage a multimillion dollar business?
How does Moneeka choose bliss?
What did Moneeka experience as a very young person?
How did Moneeka breakthrough?
What did Moneeka learn from her dad?
Do you want “poor people money issues” or “rich people money issues”?
What was Moneeka’s prayer?
How did Moneeka’s coach affect her?
What is a “bliss mentor”?
What does Moneeka love about real estate?
What do we do each day to set ourselves up for strength?
What is bliss?
Can you handle anything that life sends your way?
What is emotional resilience?
What is your default emotional home?
What is the bliss equilibrium?
What are the techniques to get back to bliss?
How do we create deep joy and contentment?
What are the tools to come back to equilibrium?
What is blissful wealth?
How do we support joy in life?
How is wealth a part of our life and a part of who we are?
How do we get the ultimate goals of what we want?
Is there ever an end goal?
Where does bliss happen?
How does Moneeka help successful people come back to bliss?
How is money an amplifier?
What are your core values?
How do you align to those values?
How do you know what your values are?
Would you like to read Moneeka’s book, Choose Bliss: The Power and Practice of Joy and Contentment?
What is a bliss moment?
Have you ever stopped, dropped and breathed?
How does one make better decisions?
Would you like to listen to Moneeka’s podcast, Real Estate Investing for Women?
Would you like to download Moneeka’s story at blissfulinvestor.com?
Is Moneeka still dancing?
What questions do you have? Would you let us know on speak pipe?

Moneeka Sawyer is often described as one of the most blissful people you will ever meet. She has been investing in Real Estate for over 20 years, so has been through all the different cycles of the market. Still, she has turned $10,000 into over $2,000,000, working only 5-10 hours per MONTH with very little stress.

While building her multi-million dollar business, she has travelled to over 55 countries, dances every single day, supports causes that are important to her, and spends lots of time with her husband of over 20 years.

She is the international best-selling author of the multiple award-winning book “Choose Bliss: The Power and Practice of Joy and Contentment.”

She is the host of the Podcast Real Estate Investing for Women and her expertise, and bliss-filled laugh, have been featured on stages, radio, podcasts and TV stations including ABC, CBS, FOX, and the CW, impacting over 100 million people.

Episode 118: How to Triple Your Net Worth Building Real Wealth with Dan Proskauer and Alan Eckstrand

December 6, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Dan Proskauer?
How did Dan triple his net worth?
How long has it taken Dan to triple his net worth?
How many years has Dan been keeping up with his net worth in Quicken?
What was the first thing that Dan did with his policy?
How many Bank on Yourself type policies does Dan own?
How did Dan restructure his money?
What can you do if you have enough money?
Do you need to take the risk?
How has having a policy helped Dan invest wisely?
How has Dan been able to take advantage of opportunities?
What did Dan do with his profits?
What is so special about the paid up additions rider?
Why did Dan switch from paying premiums monthly to annually?
How does Dan carry debt?
How does Dan “blow up the balloon”?
How has Dan leveraged a HELOC?
How will one’s net worth be impacted over time?
How many of Dan’s kids are in school?
How has Dan built real wealth?
Is Dan special?
Do all Bank on Yourself type policy holders have a chart like this?
Would you like to see the chart?
Is Bank on Yourself a scam? Leave us a voice message with your thoughts and questions on speak pipe!

Dan Proskauer is Vice President of Engineering United Health Group’s Optum unit and has spent nearly 30 years as a professional in the Semiconductor and Health Care industries.

He is an engineer by personality and by training and has always been fascinated by details and numbers. Dan has been a Bank on Yourself practitioner since mid-2009 and has started new policies as recently as last year.

Special thanks to Jeff Hochwalt (jeff@financialrp.com) and Alan Eckstrand (alan@thefinancefixer.com) for joining us on this episode!

Episode 117: The Billionaire’s Secret – Is Giving The Key to Wealth?

November 29, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Is it better to give than to receive?
What drives us to help others?
Are we hard wired to be selfish?
Why do we take care of the most vulnerable?
How might we cooperate?
Are we only out for survival?
Why does it feel so good to help other people?
What happens to our brains when giving?
How does generosity affect our biology?
What is the basis for the joy of giving?
Are the wealthy full of wealth because they give?
What about the Bill and Melinda Gates Foundation?
How much have they donated?
How much have they donated this year?
How has Bill Gates’ personal net worth changed?
Does giving increase your wealth?
Do people give more when they earn more?
Does giving lead to an increase in wealth?
What is the connection between giving and wealth?
What is a charitable impulse?
What is the psychology of giving?
Does giving increase your happiness?
What about dopamine?
What strategies might relieve the stress of the holidays?
How can you increase happiness?
How might you increase productivity?
Will the next million matter as much?
What is the mental shift?
How might you build more wealth for others?
What lights the fire under you?
Are you chasing your net worth as a main target?
How will serving others help you toward your target?
How might your network increase?
How might your net worth increase?
How might you reach your potential?
How might you donate time?
How might you donate skills?
Would you like to give us a minute or two of your time and tell us how we’ve impacted you? Leave us a message here: www.speakpipe.com/nyafp
Would you like to GIVE us a review on iTunes?
Do you know how grateful we are for you?

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