Wealth Talks

Today we answer 9 questions we received about life insurance, cash value, money, interest rates, and dividends. These questions and their answers will be helpful to anyone who uses, or plans to use life insurance cash values and the Infinite Banking concept.

The questions are:

1. Do I get to choose the interest rate I pay on a policy loan?

2. If the dividend rate is 5% and my policy loan interest rate is 4% am I making 1% on the difference?

3. When I pay back my policy loan with interest am I paying myself back principle and interest?

4. Does the interest I owe on a policy loan change every month if I am making principle and interest payments monthly back to the policy?

5. What is the interest rate that the guaranteed cash values compound at?

6. How is the dividend rate determined?

7. Is the dividend rate the same as the compounding growth rate of the policy cash values?

8. Can the insurance company alter my life insurance contract if I start flight lessons?

9. When I borrow money from my policy how does it affect the guaranteed growth of my policy? How does it affect the dividends? How does it affect the face value?

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In this podcast you will get specific numbers, and details from two different Whole Life Insurance policies, what the premiums are, how long they can be funded and how much money the owner can borrow.

This is a glimpse into infinite banking policy design that many people will never get.

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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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The way you think is the lens through which you observe every situation in life. The way you observe influences how you respond and how you respond makes an enormous impact in your life for better or for worse.

Respond… and that's such an important word, because many people go through life reacting to what life presents to them and that's not an ideal situation to be in.

The difference between responding and reacting can be as significant as life and death, If you touch a hot stove, your reaction can save you from severe burns, in the same way a response instead of reaction can neutralize a bad situation, and lead you to successful communication.

If you have a bad mindset, how do you fix your mindset?

If you habitually react, how do you start responding instead?

If you don't like the results you are getting, how do you get different results?

All this and more on this episode of The Wealth Talks Podcast

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Have you ever wondered what the world will look like when today's young adults become the middle-aged people of the future?

The future is full of possibilities for everyone. There will be people who seize the opportunity to make a possibility a reality and there will be people who let the possibilities remain possibilities because they don't want to make a commitment or put in the work.

If anyone, young or old, rich or poor, man or woman, chooses to do what it takes, success can still be theirs.

If you have young children make sure to involve them in what you are doing so they don't have to figure everything out from scratch when they are the next group of "young adults".

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If the money you save isn't earning anything, it is losing value. That's horrible news, but it's the truth.

We were on a business call with Alex just the other day and he asked, what is happening to the middle class?

Middle class is defined largely by household income adjusted for household members. Anything from about 50k/150k of income per person is considered middle class right now.

The most obvious thing that hurts the middle class is Inflation.

Inflation is stealing the value from your money every day and if your savings can't outpace inflation, or at least keep up with it, you are falling behind.

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Listen to the Wealth Talks Podcast on:

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Today we have Anna, in the studio with us, to discuss how she has built her baking business from scratch, no pun intended, and to discuss some of the challenges and problems she has faced along the way. We also are of course going to sample one of her famous treats.

Anna's business, Bread and Butter baking, makes sourdough bread, cookies, cakes, pies and cinnamon rolls.

You can also watch the video of this episode on Youtube: https://youtu.be/Yx7DqS6WZHg

Cash Value Life Insurance is one of the lesser understood financial assets that you can own, but it is also one of the most powerful. In today's episode of The Wealth Talks Podcast we talk about the cash value of life insurance policies, what it is, where it comes from and how it can be used. This episode is all things cash value.

After this episode you will understand life insurance cash value better than you ever have before.

Paying Property Taxes using the infinite banking concept: https://www.youtube.com/watch?v=dBG9Gk8lGTw

Review WealthTalks on Apple Podcast here: https://podcasts.apple.com/us/podcast/wealth-talks/id978187163

As a listener of the Wealth Talks Podcast you can request episodes that answer your questions or talk about something you want to know more about, just send an email to [email protected]

Josh listens to Wealth Talks on his way to work and he asked us to do a rebuttal to an episode of Dave Ramsey's show where he is talking about the infinite banking concept. We happen to know a lot about the infinite banking concept, so if anyone can add perspective to Dave Ramsey's video about the Infinite Banking Concept it would be us.

The video Josh sent to us is called Heated Debate Between Infinite Banker and Dave Ramsey if you need more context to anything we talk about in this podcast the link to that video is here: https://www.youtube.com/watch?v=A-NKv_wp8DM

If anyone knows Jim from Nashville who was on this episode of the Dave Ramsey show, please email [email protected] and let us know. It sounds like Jim has put a lot of thought into what he is doing for his son and we would like to hear more about it.

Review WealthTalks on Apple Podcast here: https://podcasts.apple.com/us/podcast/wealth-talks/id978187163

As a listener of the Wealth Talks Podcast you too can request episodes that answer your questions or talk about something you want to know more about, just send an email to [email protected]

There has been a lot of money transferred from the accounts of working Americans into the coffers of the U.S. Government from the income tax alone. But worse than that it has created division among Americans and that is the worst repercussion of the 16th amendment.

In this episode we talk about:

• Tax avoidance vs. tax evasion• Tax avoidance procedures• Tax planning measures• Tax fighting duties

Listen as we will talk about ways to avoid income taxes, pay income taxes and fight back against the progression of the income tax.

What do you think of the 16th amendment?

The Richest Man in Babylon book has the reputation of being responsible for creating more millionaires than any other book in print. If that is the case, the advice in this book may be the best financial advice in the world.

The financial advice given in this book has many aspects. One of the most fundamental of these is the 10-20-70 Rule.

The powerful thing about the 10-20-70 rule is that no matter how much or how little money you make there is always 10%... 20%... and 70%. And it works on any scale.

Listen and discover how to apply this fundamental financial principal to your finances, and then watch how it transforms your life.

Resources:How to get a Whole Life Insurance Policy: Contact McFie Insurance 702-660-7000 | [email protected] | https://mcfieinsurance.com/

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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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