Not Your Average Financial Podcast™

Episode 145: Get Dirt Rich! Raw Land Investing with the Land Geek, Mark Podolsky

June 12, 2020 by Not Your Average Financial Podcast

In this episode, we ask:

What is raw land investing?
Who is the Land Geek, Mark Podolsky?
What is solo economic dependency?
What does Mark Podolsky teach to his students?
How does Mark Podolsky pull passive income from raw land?
What can you learn about property taxes?
What do the comps say?
What’s a “margin of safety”?
What about research?
How can pricing be irresistible?
How is this different than owning real estate with tenants?
What’s Mark Podolsky’s story?
How many deals has Mark Podolsky done?
How does Mark Podolsky let the data guide him?
Who is raw land investing for?
How can we think like an entrepreneur?
What did Mark Podolsky learn in the process?
What’s trading on terms?
What happens once Mark Podolsky purchases an asset?
What percent does Mark Podolsky want to see?
Can you sell a partial note?
How long does it take to set up this business?
What is different about land?
Is raw land boring?
How is raw land a niche?
What happens if the buyer stops buying?
What is geekpay.io?
What happens if someone stops paying on the note?
What happens in defaults?
Why does Mark Podolsky love defaults?
What happens to the yield?
What’s a QRP?
What about depreciation?
Can you use a Bank on Yourself type policy in conjunction with raw land investing?
What does Mark Podolsky offer?
How does raw land investing set up passive income?
Why is passive income important?
How might we move up Maslow’s hierarchy of needs?
What is the simplest way to get into real estate?
Is there anything out there that is easy?
Is anything worth doing easy?
Would you like to read Mark Podolsky’s book, Dirt Rich?
Would you like the launch kit course? thelandgeek.com/launchkit
What are the takeaways?
Would you like to send us a screenshot of your review? Email us your screenshot t0 hello@nyafiancialpodcast.com, and we’ll send you the NEW book, Rescue Your Retirement by Pamela Yellen for FREE!

Armed with only $3,000, gut-wrenching fear, and absolutely no real estate experience… Mark Podolsky bought his first few parcels of raw land in 2001.

Today Mark is the author of Dirt Rich, the ultimate guide to helping you build a passive income. and owner of Frontier Properties, a very reputable and successful land investing company, and has been buying and selling land full time since 2001. By focusing on working smart, not hard, he has completed over 5,000 land deals with an average ROI of over 300% on cash flips, and over 1,000% on the deals he sells with financing terms.

Prior to his land investing success, Mark had a high-stress, soulless corporate job, and felt trapped in a state of solo-economic-dependency (i.e. his income stopped as soon as he stopped working).

Escaping solo-economic dependency changed Mark’s life in so many positive ways that he decided to teach, coach and mentor others to help them achieve their financial goals.

Even though Mark invests a lot of his time helping others, he stays actively involved in running his land investing business, and is dedicated to teaching the most current and relevant “real world” land investing methods to his students.

Episode 144: Are Life Insurance Policy Riders Worth It?

June 5, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Is whole life insurance super boring?
How might you super charge your coverage with riders?
Have you heard Episode 142?
Have you heard Episode 143?
What is a rider?
How might you learn what riders are appropriate for you?
Would you like us to review your riders? Schedule a Time with Us
Can we put every rider on every policy?
What riders enhance living benefits?
What is the paid up additions rider?
How does a paid up additions super charge a policy?
What is a disability income rider?
What else can do this in the financial universe?
How long does it take to start?
What makes it cool?
What is the definition of a word?
How do different companies have different definitions?
What is a waiver of premium rider?
How is this rider powerful?
Do we put all of these riders on Bank on Yourself® type policies?
What about stand alone disability policies?
What is a premium deposit fund?
What about working with lump sums?
Have you heard about the combo rider (Episode 143)?
What about guarantees?
How does the premium deposit fund work?
Is the premium deposit fund liquid?
What are the limits?
What about member benefits?
What about the death benefit?
How are taxes applied to death benefits?
What about an accelerated death benefit rider?
What about care?
How much does care cost?
What are the four ways to pay for long term care?
Would you like an example?
What’s a 1035 exchange?
What is a life insurance policy with a long term care rider?
What about income in retirement?
What about underwriting?
What about a guaranteed insurability rider?
What about an accidental benefit rider?
Should we plan for how we will die?
What is a child or spouse protection rider?
Can you convert riders to permanent policies?
When is an individual policy better than adding a rider?
What are all of the powerful options?
Are there any mutual funds that do this?
What about stocks or bonds or ETFs or real estate?
Does your advisor understand these riders?
What about a system of policies?
What do you want your policies to do?
Do you love the nerdiness?
Would you like to send us a screenshot of your review on this podcast? We’ll send you a free book!
- Send your screenshot and let us know via email at hello@nyafinancialpodcast.com!
What are our listeners saying?
Would you like to answer the question of the month? Let us know! This question expires June 7, 2020, so send in your answer right away.
- If you could not leave your family any money at all, but you could only leave them a principle, or an idea or a concept or a habit to achieve fulfillment and success in their life, what would it be?
- Go to speakpipe.com/nyafp and let us know!

Episode 143: The Genius of Flexibility… with Marty Smith

May 29, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Can you imagine?
Can you see the raw material?
Who is Marty Smith?
Who is Security Mutual Life?
What is unique about the combo rider?
What about the 7 pay test?
What about the modified endowment contract (MEC) limit?
What is an all base premium?
How is it determined?
What about dividends?
What happens in a Bank on Yourself® type whole life insurance policy?
What happens when you add additional premium?
What about paid up additions?
How can you finance something right away?
What is the beauty of riders?
What about business owners?
What about real estate investors?
What about unexpected windfalls?
What is so special about the combo rider?
What about term insurance?
What about paid up additions?
What happens to the total amount you can put into a policy?
How do riders augment a policy?
How might we lift up the death benefit?
How does an agent keep the policy non-MEC?
How much premium flexibility do you want?
Do you need premium flexibility?
How much premium do you want to pay into the contract?
Is it better to keep cash in a bank account?
When do I want to pay those premiums?
What about Nelson Nash’s exercise in imagination?
What does the combo rider allow?
How is this different from past policies?
How does the combo rider create new avenues within the typical restrictions of whole life insurance?
How does it work so beautifully?
What do business owners need to conduct business?
How flexible can this be?
What’s the limitation?
Are there complications?
What about converting to permanent insurance?
What about increasing the death benefit?
What are the proportions?
Would it be possible to put in 10x?
What is the ultimate limit of the combo rider?
How is this like building additions onto a house?
How is this like a car?
How might we go from the potential to the actual?
Does this policy grow on a guaranteed basis?
What about expecting an inheritance?
What about going on an extravagant trip?
Who could benefit?
What’s a wonderful thing about the life insurance industry?
Where are the two best places to start?
Have you read Pamela Yellen’s book, The Bank on Yourself® Revolution? Talk to Mark for a free copy of this book
Have you read Nelson Nash’s Becoming Your Own Banker?
What three things does the combo rider help to solve?
If you couldn’t leave your family money, but only 1-2 ideas or principles to achieve fulfillment and success, what would they be? (Leave us a message! Due on or before June 7th, 2020) www.speakpipe.com/nyafp

The following is for example purposes only. Please schedule a meeting to see your own numbers, unique to your situation.

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 142: Paid-Up Additions on a Mission

May 22, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

When I say the word rider, what comes to your mind?
What about riders on legal documents?
What is the legal definition?
How does life insurance deal in the world of contracts?
What are augmented, modified whole life insurance contracts?
Have you heard Episode 6?
How do certain riders maximize growth?
What is the storehouse?
What is the new way of thinking about life insurance?
What is the old way of thinking about life insurance?
What is the question?
What one rider is so unique and powerful?
What’s a paid-up additions (PUA) rider?
How is the PUA rider so powerful?
How is a PUA rider like making an addition onto a house?
How do PUAs add value to the contract?
Who understands PUAs?
How are PUAs tiny but mighty?
What do insurance agents learn during training?
What do most insurance agents overlook?
How do PUAs engage compound growth?
What about flexibility?
What about skipping a year?
What about increasing when ready?
What sort of possibilities do PUAs offer?
How do PUAs interact with the base premium?
How do PUAs work in a Bank on Yourself type whole life insurance policy?
What about dividends?
What about compounding?
What’s an age-specific example?
What about market risk?
What about Dave Ramsey’s and Suze Orman’s concerns?
How is this different from what they’re talking about?
Why is it a bad idea to conceptually lump all life insurance together?
How is a PUA like a deposit?
How much cash value is immediately available?
Why not put all of the premium into a PUA rider?
Why can’t PUAs exist on their own?
How is this like a sailboat?
What would it be like to have only a sail?
What gives a sailboat power?
Where do the biggest dividends come from later in life?
How does the blend work?
Where is the balance?
How is it like a seesaw on the playground?
How is a policy structured properly?
What is the best design?
How is a policy like a hamburger?
Is there a one-size-fits-all recipe?
How are the ratios considered?
How does age affect design?
How does time affect design?
Do you have someone to design something with your specific concerns in mind?
Are there more riders?
What are the PUA riders?
How might you add PUAs?
What benefits do PUAs provide?
How do PUAs grow?
What about interest?
What about dividends?
What is the key?
Do you have this rider on your policy?
Do you wonder if you have PUAs?
Would you like a review of an existing policy? Reach out for a 15 minute phone call

In this episode, we mentioned a visual spreadsheet on the difference between Old-Fashioned Whole Life, and Bank On Yourself ® type Whole Life, designed for maximum cash value. Want to see the numbers in action? Sign up here to get them!

Old Fashioned Whole Life vs. Bank On Yourself Designed Whole Life 40/60

Episode 141: Budget Your Savings and a Bank on Yourself Portfolio

May 15, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Are you ready for an episode from the clubhouse?
Where does money come from?
What is a budget?
Why is it important to save money?
What sort of things can money do?
Does age matter, when it comes to budgeting?
Are you a policy owner?
Are you in danger?
Are you the biggest danger your policy will ever face?
Are you naming the dollars in your policy?
What are the three personalities?
What is the key idea?
What are the four rules?
Have you heard Episode 139?
Is this too complex?
Have you logged in to your online portal?
Do you enjoy watching the money grow?
Is the money available?
What system helps you track?
Would you like a copy of this tool?
Do you give every dollar a job?
Do you embrace your true expenses?
Do you roll with the punches?
Do you age your money?
What number do you need to put into your budget?
What’s better than a withdrawal?
What’s the available loan value?
Are you ready to give every dollar a job?
Should you budget the other numbers?
How is budgeting a conversation about priorities?
What do you want your money to do for you?
Do you have more money to work with?
What’s an example of budgeting for college?
What’s an example of budgeting for a new car?
What’s an example of budgeting for an emergency fund?
What are your true expenses?
What about property taxes?
What happens when you repay a loan?
Do you have to pay a loan off before you take another loan out?
What about paying property taxes?
Can you setup a loan repayment?
Should you spend that money?
What are some huge, large expenses?
What are the bonuses?
What are the true expenses you should keep in your checking account?
Will the expense take six months or more to save?
Have you heard Episode 54?
Do you roll with the punches?
How is this different from a checking account?
Do you age your money?
What happens if you lose a job or have another emergency?
Do you have a large emergency fund?
Where do you keep the larger emergency fund?
What happens when you borrow against your money?
What happens to compounding when you borrow?
What are the best practices?
Should you treat your policy like a checking account, credit card or a piggy bank?
Have you tried budgeting cash value before?
Do you have loans on the policies?
Do you pay your loans in a reasonable period of time?
Would you like to see this in action? (YOUTUBE Link)
Hop on our calendar for an introductory phone appointment.
Would you like to give us your feedback? Leave us a message, answering our question of the month:
- What concerns you most about your retirement?

Episode 140: Krisstina Wise, How to Live Financially Immune

May 8, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Who is Krisstina Wise?
What is Krisstina’s philosophy?
What is the alternative mindset?
What about an unconventional approach to real wealth?
What do you prefer?
What about financial products?
What are the top 10 steps for being financially immune?
Who is this for? Who is this not for?
What about variable income earners?
What about micro-business owners?
What is a business?
What is an income-making machine?
How might we generate more income?
What is the ceiling?
What are the limits?
How well do we move money through our household?
How do you build your asset sheet?
What is the system?
What do you do when everything is out of your control?
What about being “financially vulnerable”?
What about being financially immune?
Would you like to visit financiallyimmune.com ?
What happened when the ship hit the iceberg?
Is it “game over”?
Is it about survival?
Where is peace of mind?
What is the first thing from the business point of view?
What is burn rate?
Do you know your numbers?
If I asked you, what is your burn rate, could you say it?
What is the vital sign of a business?
How do we lower your burn rate to survival?
Is this expense essential to survival?
Is it negotiable?
Is rent negotiable?
Is payroll negotiable?
Are we carrying extra weight right now?
What about in the household?
What about refinancing car loans?
What about refinancing mortgages?
What about entertainment costs?
If we just did one, what would we choose?
What can we do?
What are we capable of?
How might we add the burn rates together?
Are we responsible for the total burn rate?
Who can find the money in the business?
Who can find the money in the household?
How might we reframe a tragedy?
What does this financial tragedy make possible?
What can we now do?
Where are the geniuses?
Are you grateful for genius creativity?
What is the next level of creativity?
How might you stockpile cash?
How is cash like water?
How is cash like oxygen?
How do we stockpile the cash funds?
Who is feeling the stress right now?
Where is the runway?
How long can we go?
How much runway do we have?
How much do we have in reserves?
Do you have 30, 60 or 90 days?
Where do you have liquid funds?
How is Krisstina using a whole life policy loan?
What about the Becoming Your Own Banker philosophy?
What about a cash out refinance?
What about real estate purchases?
What about the investor mentality?
What are some different ways to get cash?
What about debt?
What about negotiating terms?
What is your run rate?
Do you have predictable income?
Where is the revenue of the business 30, 60 and 90 days?
Can you predict it?
What do I need to break even?
What is the business strategy to be net zero?
How is this better to know?
What is the run rate on the personal side?
How are you solid?
How are you just fine?
What about burying your head in the sand?
What about fear?
How do we get “unstuck”?
What makes all the difference?
Where is the genius within?
What have I collected?
What do I have right now?
How long will it last?
What do we need?
What if we woke up today and forgot our memory?
How might we think like a start-up?
When is the time to do it?
Game on?
How might we be part of the solution (and not part of the problem)?
Are you able to pivot and play a new game?
Are you stronger?
Are you resilient?
Are you willing to learn the lessons?
Will you be ready the next time this happens?
How might we support you? Schedule a call with Mark

Krisstina Wise is a real estate mogul, Millionaire Coach, and creator of several multi-million dollar businesses including Goodlife Luxury, The Paperless Agent and most recently, WealthyWellthy. She is also an international speaker and the award-winning author of the Amazon Best-Seller Falling for Money, a romance novel for your bank account. Named one of the 100 Most Influential Real Estate Leaders in the country, she has been featured in USA TODAY, as well as by Apple, Contactually and Evernote for her creative leadership with emerging technologies.

Episode 139: What Does A Realistic Budget Look Like?

May 1, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What about deferred interest?
What about playing the game?
What happens when you combine knowledge and action?
Is money difficult to learn?
What happens when the market tanks?
What is our biggest money mistake?
How are budgets like a musical instrument?
How do you budget your cashflow first?
What are the 4 Rules of Budgeting?
What is that money’s job?
What is that dollar going to do?
What’s the problem with not budgeting? Have you heard Episode 19 yet?
What are your true expenses?
Is there an ideal budget?
How might you roll with the punches?
What happens when you spend more than you expected?
How do you know which dollars belong to which expenditure?
How do you protect against allocating the same dollars two or three times?
How do you plan for future goals, dreams and bigger expenditures?
What is the problem with most budgets?
Is your last budgeting failure attributed to it being too rigid?
How might you age your money, like a good wine or cheese?
What are the takeaways?
Can you implement these four rules in your budget this week?
Would you like a free month from the online budgeting software, You Need A Budget, a.k.a. YNAB? ( bit.ly/extraynab )
Would you like to leave us a voice message with your answer to the following question?
- What’s your biggest concern about your retirement?

Episode 138: Everyone Has a Plan Until… with Marc Lichtenfeld

April 24, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

What about the top of the pyramid?
Who is Marc Lichtenfeld?
What is the Oxford Income Letter?
What about boxing?
What’s the athlete’s perspective?
How much preparation do you need?
What is a perpetual dividend raiser?
What is a stock dividend?
What might companies do with ample free cash flow?
What is a positive sign for a company?
What companies raised dividends?
Who are the dividend aristocrats?
Which companies have raised their dividends over different periods of time?
What about “getting a raise” every year?
What about the SECURE act?
How did it affect the age for Required Minimum Distributions (RMDs)?
How did the rules change?
What about inherited IRAs?
What changes affect the heirs of IRAs?
What is happening to those who have been playing by the rules?
What are some strategies for surfing this change?
Have you signed up on WealthyRetirement.com yet?
Would you like to read Marc’s recent book?
What’s the value of a stream of income?
What are people saying?
What concerns you most about your retirement, right now?
Leave us a message!
Would you like to join us on our latest webinar?
What You Can Do to Build Real Wealth In Turbulent Times
TOMORROW, Saturday April 25, 2020 at 10am CT / 11AM ET
Duration: 90 minutes
Register Here

Marc Lichtenfeld is the Senior Editor of The Oxford Income Letter, which is based on his proprietary 10-11-12 System. He is also the Editor of Stock Sequence Trader, Lightning Trend Trader and Closing Bell Profits.Marc is the Chief Income Strategist of The Oxford Club. After getting his start on the trading desk at Carlin Equities, he moved over to Avalon Research Group as a senior analyst. Over the years, Marc’s commentary has appeared in The Wall Street Journal, Barron’s, and U.S. News & World Report, among others. Prior to joining The Oxford Club, he was a senior columnist at Jim Cramer’s TheStreet. Today, he is a sought-after media guest who has appeared on CNBC, Fox Business and Yahoo Finance. His first book, Get Rich With Dividends: A Proven System for Double-Digit Returns, achieved bestseller status shortly after its release in 2012 and was named Book of the Year by the Institute for Financial Literacy. It is currently in its second edition and is published in multiple languages. In early 2018, Marc released his second book, You Don’t Have to Drive an Uber in Retirement: How to Maintain Your Lifestyle without Getting a Job or Cutting Corners, which hit No. 1 on Amazon’s bestseller list.

Episode 137: Here’s How to Antivirus Your Money

April 17, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Did that escalate quickly?
Is there a precedent for where we are today?
What happened in March 2020?
When was the last time this sort of swing happened?
Have you ever seen these sorts of swings?
What records have we witnessed?
What is the VIX index?
How high is the VIX?
What are financial advisors doing?
What does Pippa Stevens on CNBC say?
What was the data from 1930?
What happened to the total returns of the investor?
What is panic selling?
Do the best days cluster around the worst days?
What is the most recent example?
Have you heard Episode 51 on buy and hold strategies?
What is algorithm risk?
What did DALBAR say?
What did the recent New York Times article say?
Was it really a big surprise?
Did you see this coming?
Did you anticipate the fallout?
What is a black swan event?
Is your advisor telling you to “hang in there”?
Why is the belief around the market like an abusive relationship?
Is it different this time?
Is it hurting you?
What is happening?
Is this a blip on the radar?
Is your 401(k) about to become a 201(k)?
What about the shocks?
What about the stimulus checks?
Why should sneezes or the price of oil have anything to do with your retirement savings?
What does Goldman Sachs say about the GDP for 2020?
What about the baby boomer generation?
What happens at age 65?
What about those who have to keep working or those who are forced into retirement?
What happens when boomers get fired?
What happens to the market when boomers retire and take money out of stocks?
What about the recent CARES act?
What about companies inflating their own stock prices?
What did Goldman say about buybacks?
Can you un-scramble an egg?
Can you un-bake a cake?
Who will be at the helm of the rebuilding?
Do you have options?
Have you already anti-virused your money?
Is your money in quarantine?
Do you have a Bank on Yourself type whole life insurance policy?
How can you weather storms?
Are you a real estate investor?
How might a policy loan support you during this season?
What stocks look good?
Does your money get a guaranteed growth on the cash?
What’s the amount of gains you have to achieve to break even?
What has happened with each of our clients through this season?
What did the CEO say?
Who do you trust?
Who has your back through this?
What are the questions asking lately?
Is this market finished with volatility?
Do you have to be stuck without cash?
Do you feel alone?
Can you antivirus your money?
How might you build real wealth?
Would you like to talk? Schedule a Meeting
Would you like to join us for our next webinar on Saturday April 25, 10AM CT?
What did Clarice say?
What’s a creative way you’ve paid off your debt? Let us know this weekend!