Not Your Average Financial Podcast™

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


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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.

     

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