How To Wealth

In this video Jared breaks down the real difference between whole life insurance and term life insurance using an actual quote for a 30 year old starting from scratch.

If you have ever wondered which type of life insurance is right for you, this is the video to watch. No confusing insurance jargon. No sales pitch. Just a straightforward side by side comparison so you can make the right decision for your family and your budget.

What we cover in this video:

What whole life insurance actually is and how it works

What term life insurance is and who it is best for

A real quote comparison for a healthy 30 year old

The pros and cons of each option broken down simply

Which one Jared recommends and why it depends on your situation

Whether you are buying life insurance for the first time or wondering if your current policy is still the right fit, this video gives you everything you need to know.

READY TO TALK TO A QUALIFIED AGENT?

We offer free, no-obligation consultations for anyone in Wyoming and surrounding areas. We compare plans from multiple carriers to find what actually fits your life and your budget.

Call or text us: 435-557-3170

Website: mylifefinancial.io

Office: 849 Front St, Suite 102, Evanston, WY 82930

Music:

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My wife owed $38,000 on her Jeep at 7% interest. I pulled the full amount out of a whole life insurance policy, paid the bank in full, got the title, and now we set our own repayment terms. The best part? I'm still earning interest and a dividend on that money even though I borrowed it. That's called uninterrupted interest, and it's the reason my wife and I invest every dollar into these policies and nothing into 401(k)s, IRAs, or the stock market.

In this episode, I walk through a real whole life insurance illustration from start to finish. $5,000 a year, age 30, and I show you exactly what happens to your money over 10, 20, 40, and 70 years. How the cash value builds. How the dividend grows every single year. How the death benefit protects your family tax-free. And how you can use this policy as your own personal banking system to pay off vehicles, fund a business, handle emergencies, and build tax-free retirement income.

We started with one $5,000 policy funded by our annual calf check. Today we invest over $20,000 a year across multiple policies for our entire family. We've used them to pay off two vehicles, buy a camper, fund business moves, and we're about to pay off a horse trailer next.

This is not for everyone. If you lack discipline or refuse to learn how it works, it's a terrible investment. But if you're willing to study it and execute, it will serve you and your family for generations.

Want to see your own illustration? Call 435-557-3170

If you're paying for medical expenses with taxed income, you're leaving money on the table. In this episode, I break down what an HSA (Health Savings Account) is, how it works, who qualifies for one, and why my family uses one for everything medical, dental, vision, prescriptions, even chiropractor visits. In 2026, a family can put $8,750 into an HSA completely pre-tax. The funds roll over every year, you can invest them once they grow, and in retirement you can pull from it as income. I also walk you through how to set up an account, how to check if your health insurance plan qualifies, and the strategy my family uses to build it up so we always have two years of max out-of-pocket covered.

If you need help finding an HSA-eligible health insurance plan, call My Life Financial at 435-557-3170.

HealthEquity: https://healthequity.com/learn/hsa

You make good money. So why does it keep disappearing? In this episode, I walk you through the four things you need to focus on to take control of your finances: your income, your fixed expenses, your variable expenses, and your goals. I also give you a full walkthrough of a free tool I created called The Money Dashboard that puts everything on digital paper so you can see exactly where your money is going, tell every dollar what to do, and start paying yourself first. You're not broke because you buy coffee or drive a nice truck. You're broke because you're not planning. This episode fixes that.

💰 Create your free account: https://www.themoneydashboard.io

You make good money, so why are you still broke? It's not an income problem. It's a knowledge problem. Nobody taught you what money is, how it works, or what to do with it.

In this episode, I share how I went from spending every dollar at 18 with zero plan to building a system that changed everything. I break down the No Budget Money System: track your income, know your expenses, set goals, and pay yourself first. No budgets, no limitations.

The best financial plan isn't the most popular one. It's the one you build and believe in.

💰 Free tool to get started: https://www.themoneydashboard.io

Health insurance has practically become a bad word. And after being in the industry since 2017, I'm just as frustrated as you are.

In this episode, I break down the simple formula I use to help people pick the right plan: monthly premium times 12, plus your max out-of-pocket. That's your real worst-case number. Once you see it on paper, the decision gets a lot easier.

I also share why I personally go with a high-deductible, low-premium plan, how I use an HSA to stack tax-free dollars year after year, and why most people are overpaying for coverage they rarely use.

The bigger issue — it's not just insurance companies causing the problem. Doctors, hospitals, billing departments, pharmaceutical companies, and government regulations are all driving costs up. We need to educate ourselves and start putting pressure on all sides.

💰 Get your finances organized for free: https://www.themoneydashboard.io

An article just came out calling IULs "the next 401(k)s." And it's got my blood pumping.

We spent decades being told 401(k)s were the answer. Over 60% of Americans are now stressed about money in retirement. So what does the market do? Push a new product — Indexed Universal Life insurance — without truly educating people on how it actually works.

In this episode, I break down the biggest problem with IULs that most insurance agents don't even understand themselves: the Cost of Insurance goes up as you age. If you don't account for it, the policy starts eating your cash value alive.

I share a real story of a man who put nearly $20,000/month into a policy for 30 years, built $600,000 in cash value — and watched it drop below $150,000 without pulling a single dollar out. His retirement strategy did nothing for him.

Every financial product was created for a reason. IULs aren't evil. 401(k)s aren't evil. But if you don't understand what you're putting your money into, you're going to get burned. Stop reading one article and jumping in. Educate yourself — because the person selling it to you might not even understand it themselves.

💰 Start getting clarity on your finances for free: https://www.themoneydashboard.io

Smokey Bear taught us something as kids that most of us forgot: leave it better than you found it.

But this isn't about campsites. It's about your family. Your community. Your finances. Your country. Are you leaving those things better than when you got here?

We love to blame the president, the government, the economy. But "We the People" means exactly what it says — it's on us. Our schools, our families, our financial situations — all of it is our responsibility.

In this episode, I challenge all of us to look in the mirror. Are we educating ourselves? Are we building something our kids and grandkids can stand on? Are we creating positive momentum — even in small ways — every single day?

Today is all we've got. The ripple effect is real. One person helps another, they help another, and it just keeps going. Let's start that ripple.

💰 Start getting your finances in order for free: https://www.themoneydashboard.io

If you have an income, you already have the #1 tool you need to change your financial life. You don't need to make more money first. You need to learn how to manage what you already have.

In this episode, I walk through a simple system to take control of your finances. Know your income down to the penny. Know your fixed expenses. Know your variable expenses. Set your goals. And pay yourself FIRST — before anyone else gets a dime.

I also walk through The Money Dashboard live and show how a sample couple manages $7,600/month, covers every bill, and still puts $929 toward their goals — a business, financial freedom, a vacation, and personal spending.

Your lifestyle will always expand to match whatever's available. That's the problem. This system fixes it. Start with $25 if that's all you've got. The amount doesn't matter — the habit does.

Stop giving your money to everyone else and keeping nothing for yourself.

💰 Create your free account: https://www.themoneydashboard.io

📖 Book mentioned: The Richest Man in Babylon by George S. Clason

Record-high credit card debt. Record-high auto loans. The average American can't come up with $500 without a credit card. But incomes are higher than they've ever been. So who's really to blame?

In this episode, I challenge the idea that the government, the president, banks, or politicians are the reason people are struggling financially. We hold them to a standard we don't even hold ourselves to. We weren't taught about money in school. And the people who figured it out on their own? They're doing just fine — no matter who's in office.

It's time to stop pointing fingers, look in the mirror, and start taking responsibility. "We the People" need to get financially strong so we actually have a leg to stand on when it matters.

💰 Free tool to start organizing your money: https://www.themoneydashboard.io