Not Your Average Financial Podcast™

Episode 107: Adventures in Financial Planning with Tim Austin, Part 2

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In this episode, we ask:

  • What are the four categories?
  • Have you taken an inventory of your life?
  • What are the potential places to improve?
  • Are you taking advantage of all opportunities in tax savings?
  • What can you do to control your cash flow on a monthly basis toward how you’re paying off debt?
  • Can you consolidate debt?
  • How can you shift that to savings?
  • What can we do to create financial independence in our lifestyle?
  • Are you inappropriately putting too much money in risk assets that aren’t really serving you well?
  • What are the steps?
  • How might you take inventory of your current allocations?
  • How might you accept where you are?
  • How might you take small baby steps?
  • What does one percent daily improvement do over the course of a year?
  • Does saving in a whole life insurance products mean sacrificing returns?
  • What does the word risk mean?
  • What do markets do?
  • Are we in a boom right now?
  • When was the last bust?
  • Do you invest when the market is low?
  • What happened in 2005?
  • Why do we buy high?
  • How has Tim’s net worth reached a new high every single day?
  • What did Tim do with his brother?
  • What is a buy-sell policy?
  • What did Tim do in 2019?
  • What advantages does Tim have?
  • When did speculation start to take hold in our culture?
  • What were the rich people doing in the 60s?
  • Do you have a realistic expectation of the 401(k)?
  • Will the market do the 12% every year?
  • Is your home your best asset?
  • Is your home paid off?
  • Do we need to live in bigger homes?
  • Should we buy lattes four times a week?
  • Why does Tim pay a trainer four times a week?
  • Who can help you?

    •  

    Tim Austin is President and Founder of SET for Advisors, a leading training organization for financial advisors who want to help their clients grow wealth predictably and without taking unnecessary risk.

    He is also the co-founder and director of the Bank On Yourself authorized advisor whole life insurance concept along with best-selling author Pamela Yellen who wrote the book Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future.

    Bank On Yourself is a major best seller, hitting #1 on the USA Today and Amazon best-seller lists, and is also a New York Times, Wall Street Journal and Publishers Weekly #1 best seller.Tim makes his home in Clarkston, Michigan with his wife and three children.  Tim likes to test the limits of his physical ability and mental toughness participating in Half Iron Man Triathlons and marathons.

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