Wealth Talks

Are you bored with your budget? Are you tired of feeling frustrated and limited?

Budgeting doesn't have to be boring. If you structure your budget the right way, you can feel free and creative instead of trapped.

To be effective, a budget has to be practical and also flexible.

Listen to this episode and discover some new creative ways to work your budget. Budgeting can be fun and extremely rewarding, if you do it the right way.

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Many people think slavery in America was a thing of the past, we fought a civil war to end it and we're glad it's gone, but there are many people today who are enslaved.

We are talking about financial slavery and how to escape the bonds of financial slavery today right now on Wealth Talks.

Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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Someone asked us to respond to the opening and closing ceremony at the 2024 Olympics, Brett asked us to talk about what someone should do with the money if they win the lottery, and Carlo asks if we had the choice between taking retirement benefits at $7800/mo. with lifetime free medical vs a lump sum of $1.5million dollars which one we would choose.

3 completely different questions, but all interesting in their own way. We are going to talk about all three of these things today right here on Wealth Talks.

If you you have a question, or would like us to comment on a topic, feel free to reach out in the comments below.

Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

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Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

Not long ago in podcast 469 we Rebutted a Dave Ramsey video that a podcast listener sent us. That podcast episode has been watched by hundreds of people and the feedback has been really something. A lot of people loved it and some people didn't, you can see their feedback in the comments on episode 469. But through it all, another listener sent us another Dave Ramsey video and we are going to respond to that video today.

If you haven't seen this particular video you can watch it here:

The Dave Ramsey video Jonathan sent us:

https://www.facebook.com/story.php?story_fbid=985650382924576&id=100044388700838&mibextid=WC7FNe&rdid=I82xtNhc7kJWBVgW

1:38 Is life insurance an asset? 2:28 Dave Ramsey's life insurance example 10:00 Do you need life insurance after age 50 12:46 When Buy Term and Invest the Difference doesn't work out 14:33 Should you invest or buy life insurance 16:39 Fisher Price donut ring demonstration 21:12 Is Dave Ramsey a life insurance agent?

If you have a question or content you would like us to comment on in the podcast, reach out to us in the comments. We look forward to hearing from you soon.

Credit unions will mail out life insurance offers sometimes. Are they a good deal? Should you buy life insurance through a credit union offer?

That's what we are talking about today.

Credit union life insurance is better than nothing, but there are better deals.

Listen and learn about the different types of life insurance available for you today.

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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If you own a business you can absolutely use the infinite banking concept to fund business expenses and that's what we are going to talk about right now in this episode of the Wealth Talks podcast.

A lot of business owners want to use infinite banking to finance business expenses because of the intrinsic benefits. We're going to talk about the benefits and also the process of using the infinite banking concept for business.There are a few things you want to get right to get all of the benefits and have no problems.

The benefits include tax benefits, time savings, increased profits, more productivity, cost savings, flexibility for loan repayments, better cash flow and peace of mind.

In this episode we talk about: • Real concrete examples of a business loan and the results • How to use the infinite banking concept to help with taxes • How you can keep the interest personally that your business pays on the loan • How you can finance equipment that will increase productivity • How to get a discount on subscriptions and commercial insurances by paying in advance • How to defer loan repayments to a more lucrative season if necessary to improve cash flow

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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In this podcast we are talking about the problems with the infinite banking concept.

The infinite banking concept is an idea not a product. The infinite banking concept is a way of thinking about money and finance in a way that allows you to keep more of the money you make, grow your wealth and have financial peace of mind.

Some people think the infinite banking concept is a life insurance policy. Or that a life insurance policy is an infinite bank. It is not. The only reason life insurance is associated with Infinite Banking at all, is because life insurance has tax preferred treatment, gives the owner reasonable growth on their money, provides protection and lets the owner leverage their money without giving up policy growth or guarantees.

Some big problems we see when people try and get set up with the Infinite Banking Concept are:

• Too big of premiums

• Borrowing to pay premiums

• Borrowing and repaying loans just because

You can avoid these problems and be successful with the infinite banking concept by learning how it works and implementing it correctly. We will cover that in this podcast too.

If you have a question about the Infinite Banking Concept, ask your question in the comments, or send an email to [email protected] so we can answer your questions right here in the studio.

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

If you wonder how much life insurance you need? Or how much life insurance you need for infinite banking? This is your podcast.

The most honest answer to the question of, "How much life insurance do I need?" is, "Nobody knows". And the shortest answer to the question of "how much life insurance should I have" is probably, "MORE!" ... let us explain

A lot of people settle for the life insurance they're offered through work or from a friend, some people don't have any life insurance at all, but people who understand how life insurance works want it and they want specific policies and certain amounts.

We are going to talk about how to get the life insurance you want, how to use the cash value while you're alive and how to provide financial peace of mind for your family when you die.

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

This podcast will be helpful to those who want to keep more of the money they make, grow their wealth and have financial peace of mind.

On a side note... We have Jasper here in the studio with us this morning. He's 9 weeks old German Shepherd Puppy. Jasper is our up and coming guard dog. We have a guard dog up at our house already, her name is Lulu, she's a german shepherd also and does a great job, She patrols around our house, but Jasper's duties will be to guard the barn area.

German Shepherds and Life Insurance go hand in hand in our family. Listen to hear the story on todays episode of Wealth Talks Podcast.

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

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As we teach people about whole life insurance, how to manage money and the infinite banking concept, time and time again people tell us "I wish I would have known about this sooner", or, "they should teach this in high school".

When you find something that works so well, it's hard not to look back and wish you had that knowledge or that product earlier in life.

In this episode, Episode 477 of the Wealth Talks Podcast we are going to talk about the things we wish we knew about finances before age 18. That covers high school also, yes, some of these things we talk about today, should be taught in high school.

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Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

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Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast