Search Results for: Neely

Episode 353: When My Parents Died, Here’s What Happened Next

June 7, 2024 by Not Your Average Financial Podcast

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In this episode, we ask:

What did Mark learn from his parents?
What was a great gift?
What happened in high school?
What did Mark receive after college?
What happened with Dave Ramsey?
How many jobs did we work?
What did Mark’s mom do?
What about health ratings?
Would you like hear Episode 43?
Would you like hear Episode 322?
What did they discuss?
What happened?
How did Mark’s mom leverage her policy’s cash value?
What about the Roth IRA?
What happened next?
What happens with a health rating?
What about Mark’s dad?
Would you like to hear Episode 302?
What about the Upton Sinclair paradox?
What was Dad’s philosophy for money?
What did he believe about home values?
What did Mark’s mom do through the cancer diagnosis?
What are the limits on a Roth IRA?
What happened in January 2017?
What about estate planning?
Are your documents in place now?
Are your parent’s documents in place now?
Do you have a will?
Do you have a medical power of attorney?
Do you have a financial power of attorney?
What avoids probate?
What does not avoid probate?
Are life insurance proceeds private?
Do you owe them or not?
How might you avoid heartache?
What goes directly to the beneficiaries?
How much did she pay in as premium?
How much did the benefits pay?
What was the return?
What was the tax?
What were the fees?
Where did Mark and his brother put the money?
What would Mark prefer?
What makes Mark smile?
What happened with Mark’s dad?
What happened at the end?
Do people actually invest the rest?
What happens with term insurance?
What was worthless to him?
Is your will updated?
What are the issues with term insurance?
What about love?
What has Mark learned through losing both parents at a young age?
How about a tale of two parents?
What are the big takeaways?
What is messy?
How might you leave the best last gift?
What about letting policies expire?
Where would you like to be buried?
What songs would you like to be played at your funeral?
Would you like to hear Episode 149?
Does this story resonate?
Do you have a similar story or experience?
How might you leave the best last gift?

Episode 303: Expert Panel on Bank on Yourself® Client Stories

June 23, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

What is even better than a five star review?
Who needs to hear this?
What book does Stephen recommend?
What did Stephen’s clients learn?
What did Dan’s client do with his cash value?
What were Mark’s clients able do with their modest policies?
What did Grant’s business owner client do?
Who wants to have control of their money?
Why would a business owner choose to do a Bank on Yourself® account strategy for their employees?
What about emergencies?
What happens with 401(k)s when losing an employee?
What about taxable accounts?
What about tax free money?
What about giving the family something more valuable?
What are the benefits?
Do employees love it?
What happened with John’s business owner client?
What about the challenge to get the funding for business expenses?
What’s the update with this client’s retirement?
Who wants more policies?
What is so powerful to understand about WHOLE LIFE insurance?
What do you need today? tomorrow?
Would you like to hear Episode 86 and Episode 87?
What did Amanda do?
Who pays tax via policy loans?
What about self escrow?
How much did Amanda’s client save in fees while doing self escrow with policy loans?
What seeds did Sarry’s client plant for the future?
What about Mark’s client’s family example?
What about thinking outside of the box?
Where is it written that you have to put all of your chips on red or black to meet your financial goals?
What are the takeaways?
Would you like to connect on the FREE Not Your Average Financial Community at notyouraverage.mn.co?

This episode features a round table of
select Bank On Yourself® Professionals, including:
John Ensley (Puget Sound, WA),
Sarry Ibrahim (Chicago, IL),
Dan Morris (Daytona Beach, FL),
Amanda Neely (Cincinnati, OH),
Brandon Neely (Cincinnati, OH),
Stephen Step (Los Angeles, CA)
and Grant Thompson (Amarillo, TX).

Episode 288: Why Did You Become a Bank on Yourself Professional®?

March 10, 2023 by Not Your Average Financial Podcast

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In this episode, we ask:

Why do you do what you do?
What gets you out of bed in the morning?
Why do they practice Bank on Yourself®?
How did Marvin Bulas get involved?
What happened with Marvin’s grandparents?
Is long term care the number one cause of bankruptcy?
How did Brandon and Amanda Neely get involved?
Would you like to purchase and watch the Banking with Life documentary?
How did Steven Step get started?
What was Grant Thompson trying to prove false?
Why does it matter?
Why not be a “regular investment dude”?
What is the truth?
Are you better off, now that you’ve met me?
How might you help people?
How does money really work?
What does retirement mean for you?
How might you live those “mini retirements” along the way?
What is just a tool?
What will Brandon’s son receive?
How is Brandon able to grow his wealth?
Who is thinking like a banker?
Who is thinking like a business person?
What about guidance?
What happens at a 6-month review?
Who is the mind chasing business?
Who said “most people would rather die than think?”
What about inviting people to dream?
If you were king or queen of money for a day, what would you change?
How might you create differently?
How might forge your own path forward?
What about imagination?
How do we grow out of the mess?
Why does it matter?
How are Bank on Yourself Professionals® different from your typical life insurance agent?
Where are you saving?
Is Bank on Yourself® the best place to save?
What about the mindset of saving perpetually?
Who has the money?
What are you thinking about?
When did the last opportunity come along?
When will the next opportunity come along?
Are you ready?
What are the benefits and keys to becoming a Bank on Yourself® professional?
With whom are you connected?

Episode 268: The Three Phases of Wealth and the One We All Forget [Expert Panel]

October 21, 2022 by Not Your Average Financial Podcast

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In this episode, we ask:

Who would you call?
What about years of combined experience?
What about accumulation?
What about distribution?
What about that phase in the middle?
Would you like to listen to and learn from this panel?

Reach out to anyone on this panel:

Episode 214: Not Your Average Inflation

October 8, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to join us tomorrow, October 9, 2021, for the Not Your Average Financial Summit?
What about the hyperinflation after WWI?
Is finance “just math”?
What about net worth?
What is far worse than being in a negative net worth?
What about interest payments to debt?
Would you like to view the U.S. Debt Clock?
What about the sizable national debt?
What about the net present value calculation?
What are the promises?
What about the terminal value or liquidation value?
What about global wealth?
What about large liabilities?
What happens systemically?
What about debt to GDP ratio?
What about math?
How much has the money supply grown?
How much has the population grown?
Is inflation a stealth tax?
What about compounding growth?
What about leverage?
What about the velocity of money?
What about purchasing power?
What are the banks trying to sell?
What about savings accounts?
Where can you get compound growth, leverage and velocity of money?
What did DALBAR say?
What about target date funds?
What was the year over year growth over the last 20 years?
Who has a 401(k)?
What about the real return vs. the advertised return?
Could real estate hedge inflation?
What happens in a time of crisis?
What are the options?
What else is there?
What are some not your average strategies?
What about fixed indexed annuities?
What about losing purchasing power?
What about having an inflation rider?
What about having a cost of living adjustment rider?
What about the behavior of the market?
What is laddering?
Can your money keep up with or exceed inflation?
How might we stabilize?
What about an example?
What about a dynamic response to inflation?
Is there inflation insurance?
What about Bank on Yourself® type whole life insurance policies?
Is whole life insurance immune to hyper inflation?
What happens when the rates go up?
Would you like to hear Episode 113?
What happens to bonds when inflation hits?
What do insurance companies invest into?
What are the rules?
What happens to insurance products when inflation hits?
Do you know anything else in the world can do what I just described?
How much value would you like to build for your business?
How might I respond in a positive way to whatever happens?
This is the last day before our summit, would you like to RSVP for tomorrow, October 9, 2021?

Episode 191: Ask Me Anything

April 30, 2021 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to hear our Q&A?
Can I do a one time lump sum without recurring premium on a key man whole life dividend paying policy?
- Would you like to hear Episode 174?
How do you give your older kids the high level overview of financial education… telling them over a two hour time block on vacation? What about teaching through games? (featuring Debbie Wilder and her contagious joy)
What happens if you want to start your retirement earlier than age 65, i.e. at age 45? (featuring Brandon Neely and Amanda Neely)
What if you want to retire within 10 years?
What are some creative ways to save premiums every year? (featuring Brandon Neely and Amanda Neely)
Would you like to join a future Ask Me Anything during Office Hours?
- Join our Not Your Average Membership Community to Get Access

Episode 165: Combining Bank on Yourself® with Profit First

October 30, 2020 by Not Your Average Financial Podcast

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In this episode, we ask:

Would you like to work with us? Visit bit.ly/worklg
Is this your moment?
Would you like to learn how to combine the Bank on Yourself® strategy with Profit First?
Who are Brandon and Amanda Neely?
Can you build the wealth you really want?
What’s Amanda and Brandon’s story?
How many bank accounts do you need?
How much does an average bank account earn in interest?
How much does an average Bank on Yourself® type dividend paying whole life insurance policy earn?
What’s the story of Amanda’s client?
Who’s the boss?
How might you get the best results?
Are you financially set for life?
Who is taking unnecessary risk?
What’s the next step?
Who is in the banking business?
What makes business owners special?
How will Bank on Yourself® help you grow wealth?
What about the return of your capital?
What are the risks?
What about the options?
What are the benefits?
What about a volatility buffer?
Should you only do Bank on Yourself®?
What is Profit First?
What about debt?
What about paying cash for major purchases?
How might Bank on Yourself® help you to navigate the opportunity cost?
Are you in a W-2 job?
Will you run out of money?
Are you earning interest or paying interest?
Is all of your money tied up in a government sponsored 401(k)?
What about a diversified portfolio?
How might one break the paycheck-to-paycheck cycle?
What are the objections to Profit First?
Have you ever received a massive tax bill?
How does one pay the huge tax bill?
Will you find a way to be profitable?
Are you at least 1% profitable?
How do Bank on Yourself® and Profit First work together?
Do you give every dollar a job?
Would you like a copy of the spreadsheet? Email Mark at hello@nyafinancialpodcast.com
What are the steps for setting this up?
What could this mean for you?
Could this benefit you?
Do you need someone to help set up Profit First?
Do you need someone to help you set up Bank on Yourself®?
Would you like to schedule an intro call? The link is case-sensitive: bit.ly/BOYPF123
What’s your next best step?
What adjustments do you need to make?
What’s the death benefit?
Why are not-so-average strategies so important?

Profit First Chart

How Profit First works with Bank on Yourself®

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 111: Should I Do a Bank On Yourself® type Whole Life Insurance Policy or a Roth IRA?

October 18, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

What has Amanda learned as a sample of one?
Who are Brandon and Amanda Neely?
What is Mark’s relationship with Brandon and Amanda?
If we did something different, what would the results be?
Would you like to follow along with the numbers? (See tables below)
Would you like to watch this in video?
What are Amanda’s numbers?
Are agent commissions too high?
What would the assets under management fee be?
What would the term insurance commission be?
What happened in 2008?
How much more would the investment advisor make?
Why is there a Wolf of Wall Street but no “wolf of insurance”?
What happens if you need or want your money prior to age 59.5?
What would your heirs receive when you pass?
What taxes would your heirs pay?
What are the tax considerations when you start using the money?
What happens if you get cancer or some other chronic or terminal illness?
What happens if you get sued?
What happens if you die too young?
What happens if you die too old?
What happens if the stock market goes down when you’re 36? How about when you’re 60?
Which side has guarantees?
Is the amount going in each year flexible?
What if you wanted to put in more? Or less?
What are the tax consequences now?
What are the tax considerations before you’re 59.5?
How many life insurance policies does the Neely family own?
How does the Neely family use their policies?
How can you use these specific policies to more effectively pay taxes?
Have you seen the webinar on Episode 84 The Past, Present and Future of Paying Your Taxes?
Have you heard Episode 87, How to Get Wealthy While Paying Your Taxes?
What income could this 35 yo female expect?
What is the life expectancy?
What is the difference between the term / Roth IRA and the Life Insurance policy?
How much does the fee on the Roth IRA become?
What about an older person’s strategy?
Have you heard Episode 91, Great Problems, Giant Piles of Cash?
How are mutual life insurance companies dealing with the low interest rate environment?
How do policy loans at 5% interest affect the insurance company’s performance?
When is the increase always greater than cost?
Would you like Brandon or Amanda to run this comparison for you with your numbers
Schedule a Comparison conversation with Brandon or Amanda

Episode 109: How to Become Your Business’ Line of Credit (and Beat your Competition) with Scott Plamondon

October 4, 2019 by Not Your Average Financial Podcast

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In this episode, we ask:

Has your crystal ball come in the mail yet?
Do you have a line of credit?
Do you have a business collateralized loan?
Who is Scott Plamondon?
Have you heard the Grandma’s Wealth Wisdom podcast with Brandon and Amanda Neely?
When did Scott join the Air Force?
When did Scott start as an accountant?
When did Scott move to California?
Are most business loans rejected?
Why do so many businesses fail?
How did Scott start working with business owners?
What is the client’s story with the line of credit?
What’s Brandon and Amanda’s story?
How does this client use a Bank on Yourself type whole life insurance policy to create a line of credit for the business?
How did Brandon and Amanda use their Bank on Yourself type policy to deal with a flood at their business?
How did Brandon and Amanda use their Bank on Yourself type policy to sell their business?
What did Scott’s client want?
What was the result?
How are policy loans more graceful than bank lines of credit?
What about when business isn’t great?
What about when business is thriving?
How does this strategy affect retirement?
Who will be the most resilient when the economy turns?
How could this client interact with his competitors?
Can this client take a break from repaying the loan if his business hits a rough patch?
How much control do you have?
What is the spiraling cycle?
What is a daily interest loan?
What about paying excess interest?
Why do business owners love to reinvest in their own business?
Did Scott get any pushback from other CPAs or accountants?
What opportunities have Scott’s clients been able to take up?
What’s bigger than a rate of return?
What other things should be factored in?
How might you take advantage of opportunities?
What opportunities emerge from downturns?
Are you already in the banking business?
Which side of the banker’s table are you sitting on?
Who is Nelson Nash? Have you heard Episode 95 and Episode 96?
What is the average age of an entrepreneur?
What if you never had to depend on banks?
What if you do decide you want to start your own business in the future?
How can you work with Scott Plamondon?
Do you know someone who has been burned by the banks?
What percentage of businesses have their loan requests rejected?
How many receive a loan?
What can the bank do?
What happens when a bank calls the loan?
Is it about the internal rate of return?
Does opportunity seek out those who have liquidity?

For over 28 years Scott Plamondon has been successfully helping people plan for retirement. He uses his accounting and investment background combined with a deep understanding of his client’s financial needs, to offer the best possible strategies.

Scott earned a Bachelor of Science degree in Business Administration from New Hampshire College. He is a Chartered Life Underwriter (CLU) and he has a Personal Financial Planning Certificate (PFP) from the University of California, Irvine. He is fully licensed in life and disability insurance, and annuities.

Scott served in the US Air Force from 1984 to 1987. He is married with two daughters and resides in Mission Viejo, California where he is an active member of the community.

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