The Money Advantage® Podcast | Infinite Banking Concept & Family Banking

https://www.youtube.com/watch?v=deWEDJ4ysS0

Here's new life insurance company rating information for every wealth creator who wants to be certain that your savings are stable and guaranteed, so you can be sure the financial moves you make to gain safety really are solid and dependable, so you don't lose money or wonder if an economic crisis could collapse the pillar you're depending on.

So here's where we are right now...

We're in uncertain times. So, you're looking for financial guarantees, safety, confidence, and peace of mind. And you've heard that a whole life policy is a good place to store your cash.

But you're wondering ...

How do you know your savings in an insurance policy are secure and safe? How strong is the life insurance industry really? Could my insurer go out of business? What happens in the worst-case scenario? And how do I use life insurance company ratings to double-check my life insurance purchase to guarantee I'm making the most secure financial move?

Today, we'll dig deep and answer these astute and pressing questions.

Table of contentsWe'll Cover Three Key Life Insurance Company Ratings InsightsA Scary Bridge Taught Me About Verifying Financial StabilityWe had to decide if it was safe to cross.It's like that with our financial decisions.Life Insurance Company Ratings Are A Part of the Bigger Picture of Creating WealthInsight #1 - Compared To Commercial Banks And Investment Firms, Life Insurance Companies Have A Long History Of Financial Strength Under PressureInsight #2 - Life Insurance Companies Are Highly Regulated To Protect ConsumersBut What If An Insurance Company "Fails" and Becomes Insolvent?Let's Peek In On How Life Insurance Companies Handled the Great DepressionA Holiday That Wasn't a PartyThe Banking Holiday Spun Off an Insurance HolidayBut Here's the KickerInsight #3 - Life Insurance Carrier Ratings Are A Window Into The Soul of the CompanyThe Big ThreeAM Best and COMDEX ScoreHere's How to Navigate Life Insurance Carrier RatingsBut Even Life Insurance Carrier Ratings Aren't the Full StorySo, here's the bottom line for every wealth creator…Common Questions About Life Insurance Company RatingsWhat's the difference between company ratings and table ratings?Where can I actually check my life insurance company’s ratings?What if my insurance company's rating drops?How often should I check my insurer's rating?Article Resources

We'll Cover Three Key Life Insurance Company Ratings Insights

#1 - Compared To Commercial Banks And Investment Firms, The Life Insurance Industry Has A Long History Of Financial Strength Under Pressure

#2 - The Life Insurance Industry Is Highly Regulated To Protect Consumers

#3 - Insurance Carrier Ratings Are A Window Into The Soul Of The Company

You'll also discover the difference between company life insurance ratings and table rating life insurance for individuals, helping you understand both sides of the financial strength equation.

And, we'll also reveal the radical move the life insurance industry made during the banking holiday of the Great Depression. During one of the worst economic times during American history, insurers sunk the roots of their financial strength even deeper.

But first, let me tell you about a time when ...

A Scary Bridge Taught Me About Verifying Financial Stability

When I was about 14, my Dad, siblings and I saddled up the horses and set off for an adventure. We'd set out a on a new route along our country gravel road, tracing the edge of the neighbor's field.

An entrance to a snowmobile and four-wheeling trail beckoned us into an unfamiliar forested section of property. The invitation wasn't unusual, as we'd easily ridden hundreds of miles of trails through the rural Minnesotan woods. But today, as we came into a clearing, there stood a narrow wooden bridge that made us pull up fast.

We had to decide if it was safe to cross.

It was easily 9 feet over the ditch below, and probably 20 feet across. The kind that makes horses jittery and jumpy, and all the riders shake a little in their boots.

The horses snorted, balked and showed the whites of their eyes in protest.

Now walking on a wooden bridge is the equestrian equivalent of beating a hollow drum underfoot. It's one of the top potential obstacles to spook a horse, make them rear up and throw a rider. Or jump and stumble over the edge in fright and panic. It also may have loose or rotten boards the concentrated weight of a horse could easily puncture and fall through.

While most of us voted to turn around, my dad never lost character as the brave one of our crew. He got down, tested the bridge on foot, tried to rock it, stomped around, and kicked at the planks to check for rotten boards. At last, we were pretty confident the bridge would hold. So, we coaxed the lightest, calmest horse across first while holding our breath. Finally, after they crossed without falling through or over the edge, the rest of us followed suit.

I learned that when you’re placing your confidence on the intrinsic stability and certainty of a thing, you want to be absolutely sure that thing is really solid.

It's like that with our financial decisions.

If I'm going to put my confidence in the certainty of permanent life insurance, I want to be certain that it can hold me and protect my life savings, even in the worst case scenario.

That's why we're talking about life insurance carrier ratings today. We're going to test out and explore how and why life insurers are financially strong and can back up their claims.

Life Insurance Company Ratings Are A Part of the Bigger Picture of Creating Wealth

Now, a big secret to understanding the strength of an individual insurance company lies in the ratings.  

However, ratings are only a sliver of a much more substantial conversation about the strength of the life insurance industry overall.  

And while the stability of the industry is a critical piece of protecting and preserving your wealth, it's just one small piece of the bigger journey to creating time and money freedom.

That’s why we’ve developed the 3-step Cash Flow System. It’s your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom. 

The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable. 

Then, you protect your money with insurance and legal protection and Privatized Banking. 

Finally, you put your money to work, increasing your income with cash-flowing assets.

Life insurance carrier ratings are an indicator of the strength of life insurance itself, which falls in the middle level of Protection. However, their impacts are far-reaching, spanning widely to improve every other area of your financial life.

Insight #1 - Compared To Commercial Banks And Investment Firms, Life Insurance Companies Have A Long History Of Financial Strength Under Pressure

The insurance industry has spanned nearly 200 years, weathering the Civil War, the Great Depression, and the Great Recession.

For context, Penn Mutual was founded in 1848 (172 years ago) and Mass Mutual in 1851 (169 years ago). Both companies existed before and through the Civil War (1861 - 1865).

Western and Southern began in 1888 (132 years ago), long before the Great Depression of 1929 - the late 1930s.

The oldest life insurance company still in existence is Equitable Life Assurance Society. It was founded in the UK in 1762 (258 years ago).

These life insurance rating agencies, which we'll discuss later have tracked many of these companies for over a century, consistently showing their financial strength through multiple economic crises.

But not only have these companies stood over time, they've seen a lot through their years. And historically, life insurance companies have emerged from crisis financially sound, maintaining their core business of issuing policies, paying claims, and servicing in-force business.

Want to see why?

Insight #2 - Life Insurance Companies Are Highly Regulated To Protect Consumers

The insurance industry is highly regulated, both at the federal and state levels. The primary oversight is by state insurance commissioners, and their collaboration through the National Association of Insurance Commissioners (NAIC).

Consequently, insurance companies must then be licensed in each state and comply with each state's requirements where they want to do business. Additionally, insurance producers must also be licensed with each state.

The regulators hold life insurance companies to a high standard with net worth requirements, risk-based capital tests, cash-flow testing, and layers of solvency surveillance that include third-party analysts, to maintain their fiscal integrity.

Companies must carry capital reserves over and above their liabilities (which are primarily paying death claims).

To increase the stringency, insurance companies must plan for more people to die, thus having more liabilities, and still maintain a cushion of capital beyond that inflated number.

In fact, the top insurance companies have on average $107 for every $100 of claims that they have promised in the future. Some of the companies we work with even have $114 for every $100 of claims promised.

Additionally, the insurance industry requires SAP (Statutory Accounting Principles). This method focuses on solvency - the ability to pay debts and have cash to pay for future needs - which are more conservative than the GAAP accounting every other industry uses.

And what happens if they don't pass the tests?

Regulators identify carriers that need rehabilitation. Then, the company can first voluntarily course-correct by cutting expenses, selling off pieces of their business, or considering a merger with a stronger company.

https://www.youtube.com/watch?v=OtoJj87wu30

Do you need to expand your financial vision?  Most people have self-imposed limits on their financial vision and don’t even know it.

In this episode, we discuss why expanding your financial vision is the key to financial success.

And making this conversation even more relevant, we have Dean Myers sharing the story of his recent medical crisis, miraculous recovery, and the restoration of his physical vision.  Dean is one of The Money Advantage team’s client coordinators, with an uncanny unique ability to draw out and expand our clients’ financial vision. 

So, if you want to feel great about your money, accomplish your financial goals, and make your financial worries a thing of the past so you can live a life more fulfilling than you can imagine, tune in now!

In this episode, you'll discover:

* The severe double health crisis he miraculously recovered from.* The residual condition affecting his vision, and the unconventional way he's taking control of his restoration and recovery.* How the physical vision relates to clarity and focus in your financial vision.* How The Money Advantage team helps you expand your financial vision by discovering what you want the most.* Why most people have limited financial vision.* How to know if your financial goals are too small.* The most important thing you need to do to expand your financial vision.

About Dean Myers

Dean strives to bring the motto, “It’s not my work. It’s my passion!” to The Money Advantage team every day in his role as a Cash Flow Strategist. His passion for personal service is of the utmost importance. He joined The Money Advantage because of their desire to help people advance the purpose of their money.

This selfless approach that seamlessly incorporates education became the foundation of Dean’s practice at The Money Advantage. He now holds several industry licenses, including a health and life license, Series 7, Series 63, and Series 65.

One of Dean's favorite hobbies is teaching. Whether that comes through in the form of coaching soccer, tutoring students, or teaching clients about money, he thoroughly enjoys the educational process.

Dean joins our team from Nashville, TN, where he is part of a large, tight-knit family, including two brothers and six sisters that he is extremely close to.

Expand Your Financial Vision Today

Get clear on and expand your financial vision, so you can get your money to do the most and maximize your financial outcomes.

If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We’ll review your situation to help you decide what moves are best for you.

To start the conversation, book a call with our advisor team.

Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

We all have the opportunity to upgrade our environment, inner circle, and mindset. In fact, it's a prerequisite for living your best life! Today, we're talking with Mark Battiato, co-founder of the Growth Into Greatness Institute, about growing your business, having the maximum impact, increasing profitability, and becoming the best version of you.

Who Is Mark Battiato?

Mark Battiato is an

Entrepreneur Business, Life and Possibility Coach Co-Founder of The Growth into Greatness InstituteAuthor of Geronimo, 8 Jumps to Your Supercalifragilisticexpialidocious LifeAnalyzed over 500 dental practices in the US since 1992Helped hundreds of dentists reduce overhead, simplify their business, improve net profit, and increase time off for the whole team

Conversation Highlights

How Mark met Jim RohnThe funny story about how he met, and then came to be mentored by Jim Rohn's mentor, Bill BaileyThe difference between knowledge and wisdomHow Mark found the key to his first business failure in the e-MythHow to find and create your inner circle

Find Out More About Mark Battiato

Learn more about profitability solutions for dental practices at http://www.greatnessinstitute.com/.

Find Out Your Next Right Step to Time and Money Freedom

If you are ready to personally implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today.

https://www.youtube.com/watch?v=_pFTv5igQXc

Do you want to find out how to get the most income with reverse mortgages, and still have the cash to replenish your estate and pass on a legacy?If you want to maximize income, especially during your later years, understand how to get a permission slip to get more income with a reverse mortgage, and gain control by having more financial options, so you can boost your confidence in your own financial stability, both now and in the future, this episode is for you!

In this episode, you'll discover:

How reverse mortgages can convert home equity into cash or income.How the Baby Boomer's $7.2 Trillion of home equity in their current homes can be used to supplement their retirement and medical needs.The 4 options available to custom-design a reverse mortgage to meet your specific financial goals.How a reverse mortgage allows you to minimize the risk of having to take money out of your portfolio when the market is down and never being able to recover.The secret that makes income from a reverse mortgage income tax-free.The reverse purchase that makes it possible to downsize, or rightsize to a new home during retirement, never owe a mortgage again, and still have cash on hand.How a reverse mortgage can increase your cash flow by reducing expenses and increasing income, often at the same time.How a reverse mortgage affects your legacy and your kid's financial economy.The advantage of using whole life insurance death benefit to replenish your estate, giving you permission to use up other assets, and still maximize your legacy.

About Mike Stanley (Michael)

Michael Stanley is an expert in reverse mortgages whose accomplishments include:

Serving the mortgage industry since 1995Focused exclusively on Reverse Mortgages for the last 12 yearsBranch manager of Universal Mortgage & FinanceLives in Virginia Beach VA with his wife of 35 yearsLoves spending time with his son, daughter-in-law, and a beautiful granddaughter

Find Out Your Next Right Step to Time and Money Freedom

If you'd like to take the one next right step into ensuring the most options for future income, get whole life insurance with a guaranteed death benefit today. This tool will be your permission slip to use up other assets and still have the greatest possible legacy.

By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking gives you the most powerful storage tank for your cash, PLUS it boosts investment returns, so you can more quickly get to the point where you never run out of cash.

If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today.

Reverse Mortgage Resources & Mike Stanley's Contact Info:

Calculate your options with a reverse mortgage or find out more at www.umafi.com.

You can also text or call Mike Stanley directly at (757) 646-4147.

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

Don’t forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast!

And, finally, if you like these conversations for increasing your financial control and certainty, so you can have confidence and peace of mind, and prosper regardless of the economy, please rate and review our show on Apple Podcasts to help more people like you find our show.

Thanks for listening!

https://www.youtube.com/watch?v=FtX1shbUJ_0

The death benefit sounds like the least attractive and most basic part of life insurance.  Wouldn't the only people talking about it be either a doomsayer or Captain Obvious?

Far to the contrary!

Life insurance death benefit offers a tremendous advantage that enhances your life and makes it so much richer.  

So we're taking this topic head-on in today's episode and discussing the 5 reasons you want to have a life insurance death benefit.

And to add some flavor to the conversation, we're introducing you to Ryley Smith, one of The Money Advantage's advisors.

So if you want to discover and solve your top priority financial concerns, take care of your family, and be able to spend and enjoy more of your money and live on beyond yourself, tune in now!

You'll be surprised at the depth of this inspiring, thought-provoking, soulful conversation that will help you put your best foot forward to living your best life.

In This Episode About Life Insurance Death Benefit, You'll Discover:

Why the death benefit is the most powerful thing about life insuranceThe living benefits the death benefit provides, even if there's no cash valueHow the death benefit allows you to spend and enjoy more of your moneyHow most people give up financial control to banks and financial institutionsThe 3 questions you should ask yourself when buying anythingThe 5 reasons why you would want life insuranceThe 3 ways whole life insurance can have no costThe only way money has value to youThe 7 levels deep exercise to get to the heart of what you really wantThe 1 surprising question you should ask yourself at the end of each day to live your best life

Who is Ryley Smith?

Ryley Smith is an inspiring human who serves The Money Advantage clients by helping them articulate their vision, discover their financial picture, and create a strategy to get the most cash flow and control.

Here's a bit more about his background.

Advisor for The Money AdvantagePassionate about sharing the truth behind financial conceptsLicensed Doctor of Physical Therapy, and former Certified Athletic Trainer, and Certified Strength and Conditioning SpecialistGrew up in Carthage, Illinois enjoying the small-town life with family and friendsVery active in sports growing up and into collegeAn avid reader and enjoys being active outdoors and with personal fitness

Get Financial Clarity Today

If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We’ll review your situation to help you decide what moves are best for you.

To start the conversation, book a call with our advisor team.

Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

https://www.youtube.com/watch?v=Wz6IVtcW_10

Does the current market volatility make you wish you had a financial bunker to protect you from losing money?

If you would love to gain control by having the certainty of guaranteed money today and in the future ... need to make traction towards financial freedom, regardless of the global economy ... want to have investible cash available to buy the right investments when they go on sale ... or stuck with wanting to have a strong cash position, but frustrated that bank rates are low and CDs and bonds aren't very liquid ... you're not alone!

These are the concerns we see from investors and wealth creators everywhere as we all grapple with the financial turmoil and uncertainty in the markets today.

That's why we're talking about the lost art of protecting and preserving your wealth. After all, who doesn't want to protect their portfolio from risk and loss?

So if you want to anchor your financial position so you don't slide backward during market crashes and corrections, but instead, maintain control, and have cash for emergencies and opportunities so you can create wealth, regardless of global economic turmoil, tune in now!

Where a Financial Bunker Fits In The Bigger Picture of Creating Wealth

Protecting and preserving your money is super important right now. It's also important in any market environment, because it's a critical step in creating wealth.

But unfortunately, it's the un-sexy, boring step that many people skip over in their excitement to invest.

But investing alone isn't a sustainable financial system for long-term wealth building.

That’s why we’ve developed the 3-step Cash Flow System. It’s your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom. 

The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable. 

Then, you protect your money with insurance and legal protection and Privatized Banking. 

Finally, you put your money to work, increasing your income with cash-flowing assets.

That being said, your financial bunker is the middle level of Protection. It's not just an isolated, compartment of your financial life. Instead, having a financial bunker improves every other area of your financial life.

In This Episode, You'll Discover:

What you need to know about the economic state of the union, so you can make decisions.How to turn your generalized anxiety and worries about the looming economic crisis into peace and confidence.The pivot you need to make to step from a helpless observer in the back seat to the driver in control of your financial life.Why most people lack financial control, and how to gain a sense of agency, that you can desire, make plans, carry out actions, and get results.The conundrum you put yourself in when you become the recipient of a gift.Why it’s so much harder to make decisions for yourself instead of doing what everyone else is doing.Why you should never accept losing money as the price you have to pay, just because everyone else is losing money too.The reason I don’t pay attention to the stock market, and why you can give yourself the permission to make this outrageous, bold move too.Why not losing money right now is more important than making a lot of money.The #1 thing you can do to secure a financial bunker to protect yourself from financial storms right now, without shutting down your own personal economy, SO YOU CAN continue to grow your wealth at the same time.The #1 financial tool to get guarantees, safety, access to your money for emergencies and to buy assets when they go on sale.Why asking better questions is more helpful to getting you unstuck than finding the right answers.

The Most Unlikely Solution

The financial bunker that gives you peace of mind with safety, security, and ironclad guarantees is the most unlikely solution.

This ancient, traditional, no-frills, long-term wealth builder is a war chest that’s the best place to store your reserves. That way, you can cover emergencies, weather a crisis, and serve as investment capital for opportunities.  

It has a track record stretching back at least 170+ years, surviving the Civil War, Great Depression, and Great Recession. And it's is used by the wealthy, banks, and corporations as a safe harbor during economic turmoil.

In fact, banks increased their holding of this asset to $161.8 Billion, a growth of 146%, between 2004 and 2016, during one of the largest financial crises. Why? This move bolstered their Tier 1 Capital Reserves, a bank’s highest quality capital, and the measure of its financial strength.

What Is The Best Financial Bunker?

It's a specially designed, high cash value, dividend-paying whole life insurance contract with a mutual company.

You may think that life insurance is just an insurance product with a death benefit, and it has nothing to do with storing cash or building wealth.

But nothing could be further from the truth!

Whole life insurance is the ideal financial bunker because it allows you to have a place to store cash, with safety, liquidity and uninterrupted compound growth. Your money is protected because cash value doesn't lose value, AND because.

Now, instead of pulling your money out of commission and having half of your army asleep, you're able to keep your money growing, while you also use it in other investments!

By the way, if you'd like to learn more about how you can use this specialized life insurance as an “AND Asset” to put the same money to work in two places at the same time, check out the Quick and Easy Guide to Privatized Banking here: https://privatizedbankingsecrets.com.

Get Your Financial Bunker Today

Do you want to get your financial bunker in place today to weather this current financial crisis and any turbulent waters ahead?

If so, we can help. Check our calendar and book your strategy call today.

https://www.youtube.com/watch?v=e7ZgSxhq5Jc

Need cash to sustain your business through shutdown or reduced revenue due to stay at home orders?  Looking for ways to protect your family and business from bankruptcy during the COVID-19 pandemic? 

In today's podcast, we’re sharing the emergency financial options to help business owners and families weather this economic crisis.

We brought our tax strategist, Dustin Griffiths of King's Tax and Accounting, into the conversation as we help you navigate the financial options available through the $2 Trillion Coronavirus Aid, Relief and Economic Security (CARES) Act to help you through these unprecedented challenges.

Find Out ...

How to use the Payroll Protection Program (PPP) to cover your payroll, mortgage interest, rent, and utilitiesWhy every business owner should apply for the Economic Injury Disaster Loan Advance (EIDL)Why you may want to file 2019 taxes immediately, or not, to get the most from the stimulus checksHow to best use unemployment to stay in business and get your contractors and part-time workers the most income at the same timeHow you may be able to qualify for an extra $600/week of unemployment, even if you're a contractorFind out your state's tax deadlinesHow the extension for filing taxes helps you keep more cashWhy you may not want to exercise your mortgage relief optionsHow to get access to your 401(k), 403(b), 457, IRA, or SEP IRA for extra fundsWhy now is the ideal time for a Roth conversionFMLA, student loan payments, and Net operating loss (NOL) carry back

While I’m not a fan of government intervention, in this case, knowing your options may be the lifeline that gets you through these tough times.

Upgrade your tax strategy to navigate this time and make the right moves.  Contact Dustin at [email protected]

Protect Yourself From Losing Money

Get the FREE Stabilize and Preserve Your Finances Cheat Sheet, practical action steps you can take to strengthen your financial defenses and protect yourself from losing money.

In 1 PAGE, you'll get:

The #1 financial life preserver you need right nowResources to increase your cash flow, pay off loans, and permanently reduce taxesCliff notes version for using all the major components of the CARES Act, including: UnemploymentStimulus checksPayroll Protection Program (PPP)Economic Injury Disaster Loan (EIDL)Accessing 401(k) and IRA moneyMortgage loan forbearanceStudent loansThe CARES Act Town Hall, with Tom Wheelwright of WealthAbilityThe Cash Is Still King: Crisis Survival Guide from Keys to the Vault and Business School for EntrepreneursAND much, MUCH more!

Stabilize & Preserve Your Finances Cheat Sheet

Financial Emergency Moves & Options to Help You Weather This Economic Crisis

https://www.youtube.com/watch?v=jhjo6LMM84Q

Are you trying to decide how and when to implement Privatized Banking?Today, we're talking with Brett Hildebrandt and Molly Urban about how they are getting answers to their most important questions about Privatized Banking.

This episode is for you if you want to satisfy your thirst for knowledge about Privatized Banking, close the loop on your research, and see exactly what it takes to get started!

Brett and Molly are sitting in your seat right now. They're looking for how to stack up the most security and certainty in their financial life and get the maximum return on their investment. That's because they want to flourish in every other area of their life. They've been researching Privatized Banking. And they're walking through the process of securing their financial resources to best build financial freedom.

Let’s tune in to hear the conversation in their mind, so you can understand how to get started with Privatized Banking.  

Unequivocally relevant to the conversation, today is April 1, 2020, and this is not about April Fool's. Today, we are all facing an unprecedented unknown, new territory, and tremendous uncertainty as we face the global pandemic … yet, it's still possible to take confident and strategic action towards FINANCIAL FREEDOM now.

In This Episode, You'll Discover:

How taking control of your life requires deprogramming what you thought you knew.Why asking the best questions is better than having the best answers.How a mind and brain altercation that brought Brett back from the rock bottom of depression, and challenged Molly to find out what more was possible when she was already at the height of her career, is now propelling them to do the MOST with their money.Why self worth is ESSENTIAL before you can take CONTROL of your money.How Privatized Banking is the King, the crème de la crème of financial tools.

Who Are Brett and Molly?

Brett Hildebrandt is currently helping to grow 2 businesses. He is the lead sales strategist at a full-service digital marketing company in Wisconsin. He's also the director of business development for a professional development company called Flowcess LLC, which holds proprietary information on the mind and the brain that was declared a trade secret for 20 years. 

Brett is also a military veteran. He served 8 years in the Wisconsin Army National Guard as both a medic and chaplain assistant and served in Operation Iraqi Freedom ‘09-10. 

Molly wears many hats. She is the mother of 2 young boys, corporate leader, executive coach, public speaker, entrepreneur, investor, consultant, and internationally certified trainer. As head of Leadership Development for a global software company, Molly designs, develops, and implements tailored leadership and professional development programs for the organization’s leadership team. She embraces the opportunity of bringing revelatory ideas with practical life-changing application.

In addition to these various roles and responsibilities, Molly finds the most satisfaction in helping leaders discover unique strategies for dissolving personal and corporate challenges by utilizing the mind & brain information she learned through Flowcess. 

Together Brett and Molly started their real estate investment company, Charis Investments LLC, in 2019 and currently have 11 doors with a 4-unit and 7-unit building.

Ultimately, their goal is to generate enough residual income from all their investments to achieve financial freedom to live out their unique brands: facilitating the purpose and progress of others in every area of their life. 

They both share the same philosophy of wanting to maximize their return on investment in all areas of their lives. Striving to get the best return on investment financially has led them to the concept of utilizing whole life insurance policies as a privatized bank, commonly known as the Infinite Banking Concept.

https://www.youtube.com/watch?v=ErkhA2dRdBs

In this episode, we talk with James Smiley about why most entrepreneurs struggle with making money online quickly.If you want to create a brand, become an influencer, and build a self-sustaining business so you can build a life and business you love, tune in now!

In this episode, you'll discover:

How he went from getting arrested and getting kicked out of school to leading a multi-million dollar companyWhy you don't need a huge list or following to grow your business, and what you do need instead ... and exactly how to build itThe one simple business strategy that will make you stand out, and give you years of leverageHow to become an influencer if you're not already an established thought leader like Tony RobbinsThe top 2 crucial keys to making money online quickly

Who Is James Smiley?

James Smiley is an expert in making money online quickly whose accomplishments include:

James has been recognized as one of the most innovative and in-demand entrepreneurs under 40.He has led $0 to $20M growth for two different companies, been a part of a Silicon Valley SaaS IPO, and consulted for 3 of the Fortune 10.He built countless 7 & 8 figure funnels, including one $1.7M webinar.James has been the behind-the-scenes paid advisor to over 560 executives & entrepreneurs.His primary specialty is helping entrepreneurs with rapid revenue acceleration by leveraging online automation and his proprietary digital marketing systems.James has published 7 books, recorded 1000s of videos and podcasts, trained over 12,000 B2B sales reps, delivered 600+ speeches, and sold over $210M before the age of 35.He played some college football and is a former ESPN Bassmaster pro angler and fished in the Bassmaster National Championship.

James Smiley Episode Resources

Learn more about how you can improve your results: https://jamessmiley.com.

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below!

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Please leave a review right now. 

Thanks for listening!

Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

https://www.youtube.com/watch?v=NYZC3XZ9qhU

With the threat of Coronavirus breathing down our necks, unprecedented social measures to stop the spread of the virus, and the tumbling chaos in the financial markets, it can feel like our world is fragile and fraying.How do you create a life and business you love in the midst of that?Our goal in this conversation is not to oversimplify the concerns at hand, pretend we can predict the outcomes, or dismiss the panic of a pandemic.

But we all need a way forward, to move us out of fear and into confidence.

Here's what Dan Sullivan, of Strategic Coach, has to say about these trying times:

What’s important to me right now? Making sure to keep my confidence up each day. 

Confidence is the ability to transform fear into focused and relaxed thinking, communication, and action. It turns dangers into opportunities, obstacles into innovations, weaknesses into advantages, and setbacks into breakthroughs.

When you have confidence as a daily resource, you can learn anything, respond to anything, adjust to anything, and achieve anything.

Dan Sullivan, Strategic Coach

So how can you inject that antidote of confidence to the pandemic of fear and uncertainty?

This episode will help you:

Find out the real reason your confidence fails during hardship.

Get practical ways to make money during the Coronavirus.

And find out the simple action plan to get a life preserver in your health, but more importantly, your wealth right now.

The changes in our environment require your leadership and courage in your circle of influence right now.

The 5-Step Action Plan to Survive and Thrive in Uncertainty and Chaos

1) Take Care of Your Mindset

The real reason our confidence fails us is that we allow the external crisis to shake our mindset, rather than requiring our mindset to direct our response to the crisis.

“Everything can be taken from a man but one thing: the last of the human freedoms—to choose one’s attitude in any given set of circumstances, to choose one’s own way.” 

Viktor E. Frankl, Man's Search for Meaning

But abundance comes from your mindset. From your ability to choose your mindset and your response, regardless of your circumstances.

At the risk of sharing something too personal, I read this in my devotions yesterday:

Abundant life is not necessarily health and wealth; it is living in continual dependence on Me [Jesus].

Sarah Young, Jesus Calling

This statement challenged me deeply, as I'd like to think that abundance is in financial security, vibrant health, rich relationships, and vivid purpose. But those things are all external - the result or outflow. I don't have complete control in those areas.

What is most important is what's internal: my character, conviction, mindset, and response. That's where I do have control, and it's the most important thing we all need to wrest control of so we don't go off the rails.

Abundance starts inside of you. It makes you creative and collaborative, expansive, and full of faith.

The antagonist is scarcity, the mean, limiting taker that pits us against each other, wires us in anxiety, and paralyzes us in fear. None of us are immune.

But we have to choose abundance to gain confidence, vision, and wisdom for how to respond.

Spend time in gratitude. Read inspirational, soul-fueling books. Dedicate time to learning a new skill. Take a course. There are limitless resources and knowledge all around you, and limitless capacity for production.

2) Take Care of Your Health

For me, this was a big one! I'll admit, I had a lot of anxiety about this when the world started talking about Coronavirus.

Instead of ignoring the news and trying to rise above by focusing on what I wanted, I had to allow myself time to find the answers I needed. I needed to ask real questions and find my footing.

How would I stay healthy? How would our family apply social distancing? What would I do if we got sick?

When I really leaned into these questions, I discovered that I would continue to use the immune-boosting protocol we always use to protect ourselves from sickness. And if we get sick, we'll treat as much as we can with the same nourishing regiment.

I am not a doctor, and what I'm about to say is *not medical advice,* but here's what I'm doing:

I am personally committed to healthy sleep habits, a diet rich in veggies with little processed foods, at least a gallon of water a day, and our usual array of vitamins and supplements. We use colloidal silver, oregano and frankincense essential oils, and make sure we eat lots of garlic, onions, and ginger.

Getting fresh air, sunshine, and exercise is important to our family. So is laughter, low stress, meditation, and consistent time with God.

Whatever your personal choices, take control by prioritizing your health and keep your immune system strong.

3) Adapt to a New Environment

At this time, we're adapting to a homeschool, 100% work from home life, with a part-time nanny that we've been so blessed to have in our lives.

That means lots more time to juggle responsibilities.

Thankfully, our life hasn't changed much, but we don't know if even that is certain going forward.

I'm spending more time with the girls, and my work time is wedged into the baby's nap schedule. But I'm finding ways to improve my productivity, be minimalistic in my thinking, and be present with whatever I'm doing at the moment.

I'm amazed at how adaptable humans are. Over history, we've found new and better ways to live when our environment changes beyond our control.

Be gracious with yourself. You may feel that trying to manage work and home life is a three-ring circus while dealing with the huge burden of unknowns and concern for loved ones, and you're the one about to lose your balance. There's no perfect way to manage this, so don't expect this to look picture-perfect. It's ok to accept a new normal.

4) Take Care of Your Business

The main question on everyone's minds is how will the Coronavirus impact my business? Will I be able to keep my doors open? Will I still have clients and customers? What will happen to my supply chain?

The main thing here is to maintain your cash flow. Think long-term, not just short-term. You may sacrifice the short-term to be able to stay in operation for the long-haul.

Here are a few ideas:

Allow employees to work from home to increase productivity.

Give employees more unpaid time off to lower payroll costs and boost confidence that they'll have work in the future.

Minimize pay now, or have a percentage pay reduction, and make it up later as deferred compensation.

Buy gift cards from your favorite restaurants or small businesses to give them an infusion of cash and support their ability to be in business when our culture comes back online.

Give employees who stay profit-sharing ownership in the company.

Innovation is key here, too, as you find new methods to accomplish your goals.

I think the current environment will prove to us all that moving our business online and virtual, and providing products and services electronically is much more necessary. It always seems a huge hurdle until something forces you to adapt.

Remember, dollars follow value.

Find out how to provide value by meeting the needs of others right now and solving their problems: the need for encouragement, guidance, health products, entertainment, [toilet paper], and groceries.

For us here at The Money Advantage, we're online, and all of our conversations with clients are virtual. We're building more tools and increasing our production.

In fact, we're putting the finishing touches on our Privatized Banking Secrets course and stretching our creativity and capacity to put it in your hands ... so you can dig deep and really understand Privatized Banking, before you talk to someone.

5) Take Care of Your Money

The financial implications of this pandemic are likely further-reaching and longer-lasting than the Coronavirus [COVID-19] disease itself. The markets are crashing, and it looks like we're heading into a recession if it's not already here.

Having your financial house in order goes a long way towards bolstering your peace of mind and confidence as well. I know from personal experience living on both sides of that coin.

Stabilize and Preserve Your Financial Position with Reserves

It's time to preserve and stabilize your personal economy. That means getting as much solid ground, confidence, and a war chest of liquidity. A strong cash position gives you the ability to weather a crisis and take advantage of opportunities when they go on sale during the crisis.

I am a believer in always having significant liquidity before investing. Cash allows you to survive down times and take advantage of opportunities that others cannot. Invest from a position of strength.  

Some say, "Cash is King" and others say, "Cashflow is King."  

I don't see it as one or the other rather, "I want both." Mostly this is semantics, but I think of it as "Cash is King and Cashflow is Queen." The end game is Cashflow, but Cash will help you get there.

I like to think of it as a Chess analogy. "Cash is King" because if you lose your King, it's game over. Cash is the one thing that can keep you in the financial game. However, the Queen can be a great offensive player. So both are important.

Lucas Marshall, The Money Advantage

When the financial systems around you get shakier, it's time that you take control of your future into your own hands.

Have at least six months of emergency reserves. Ideally, 12 months or more. If you don't already have it, build it as quickly as possible.

By the way, Privatized Banking is the most powerful cash storage tool we've found. You get profound guarantees, competitive compound growth,