We aren't against 401Ks or IRAs, we are against the idea that people need to trust an expert to manage their money.

A lot of people go with a 401K or IRA because some expert told them to, or because everyone else is doing it. But it's your money, you are the most qualified person to manage it, and ultimately you are responsible for any gains or losses.

So don't just trust an expert or go with the flow, think for yourself, find the truth and the truth will set you free.

Bad economies rear their ugly head fairly regularly, and while they cause damage to almost everyone, the hardest hit are those who haven't prepared, or don't know how to prepare for hard times.

When the economy is booming, it's easy to think you have everything figured out financially, but during a downturn you better have your ducks in a row, or it could take you under.

Listening to the wrong people can mess you up financially. You are in control of your own finances, and while people may offer advice on how to handle them, it's up to you to determine whether their advice is good or bad.

After all, you're the one who must live with the results.

Today on Wealth Talks, you'll discover a way some people can save on taxes. Will this way work for you? Maybe, maybe not.

Get the details and then you decide.

There are two emotions largely responsible for controlling human behavior.

Fear and Greed.

Whether it be the headlines of yester year predicting a coming ice age, the global warming crisis of today, or something else, fear mongers have shrewd ways of making people react.

Greed is another detrimental emotion, and interestingly, with so many people putting themselves first, our society is less happy and more depressed than ever.

On today's episode, Tom, Michele, and John talk about these two powerful emotions... Fear and Greed.

Life insurance equity is a great tool which can be used to finance expenses and investments throughout life.

Some people try and rush the equity building process, but because they don't understand how life insurance works, they may wind up buying an inferior policy or impatiently give up on the entire idea. But when you understand the process you'll know it's important to "crawl before you walk."

Understand why life insurance is a good financial tool so you know the process and can have confidence in the results.

Resources:

How to Build Sustainable Wealth

Left, right, fast, slow, yes, no. Uncertainty is uncomfortable, stressful and can even be paralyzing.

Life is filled with uncertainty. It is critically important we understand how to recognize and deal with the stresses of uncertainty to prevent them from becoming paralyzing.

Resources:

Winning Your Financial Game

412(e)(3) plans are fully insured retirement plans. This type of plan is not dependent on market performance, it is based on the guarantees of whole life insurance and annuities. Not only does this take the guesswork and market dangers out of retirement planning, it can also save you a lot on taxes today.

But 412(e)(3) plans will only work well in some situations. Do they make sense for you? Find out on Wealth Talks.

Resources:

A Biblical Guide to Personal Finance

Stress can wear you out. Not only does stress damage your physical health, it affects your decision making ability leading to poor decisions and sometimes to an incapability to make any decision at all.

We can't avoid stressful situations. But with better planning, we can reduce them. Find out how on Wealth Talks.

Resource:

How Life Insurance Works - Video

Are you looking to make a good investment? A great investment? What about the best investment ever? Financial speaking, whole life insurance is not an investment, it is an asset. But many of our clients say purchasing well designed whole life insurance is the best "investment" they've ever made.

Resources:

A Biblical Guide to Personal Finance

Trusting the wrong people can really mess you up, but you do have to trust people. So, who are you going to trust and how far will you trust them?

This is an area where you want to be careful to have confidence! Listen now to the latest episode of Wealth Talks.

Resources:

A Biblical Guide to Personal Finance