Wealth Talks

Many Americans have worked hard to further their children's education. Sadly, many realize too late, that much of the so-called "education" was really indoctrination which may have ruined their children's values. Many children graduate from College and University with far different values, morals, and viewpoints than those held by their parents.

Parents who are building a legacy may well think twice about allowing it to fall into the hands of their altered children because more money could amplify their destruction. Fortunately, there are ways to control how your children receive your legacy after you pass on.

During this show, Tom and John will talk about some ways to protect your legacy… and your children!

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529 plans are touted as a way to save for your children's education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can't use it for anything other than education. If you need to use that money for other purposes, you'll pay a hefty penalty!

But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this.

Also on this episode: How to set your Financial New Year Resolutions in 2021

Resources:

How to Build Sustainable Wealth

Richest Man in Babylon

…until you hear this.

There is no question - paying off a mortgage early saves interest. But what will you be losing by paying off your mortgage early? It's called Lost Opportunity. If you can simply earn 1.4% on the extra mortgage payments required to payoff a mortgage at 3.75% APR over 15 years rather than 30 years, then you can come out ahead of the interest you would save by making those extra payments. Just 1.4%. This return is completely possible with a basic guaranteed financial tool.

Considering all the facts in your situation, it might make sense to payoff a mortgage early, but please don't make this decision before your hear the reasoning behind managing your money more effectively by NOT making extra payments. This could change the way you think about extra mortgage payments for the rest of your life.

Resoures

What You Need to Know About Velocity Banking

How to Build Sustainable Wealth - Get the Book

Queen was almost prophetic with their song… many Americans are biting the dust financially because they depended on financial planners who didn't know the future. Of course the responsibility to take care of these people doesn't fall on the financial planner, but rather on the client's own children.

This leads to the sandwich generation, people who are taking care of both their parents and their children. This should not be happening in America… but it is. What can we do to keep our children from having to take care of us?

Today on WealthTalks, Tom and John talk about what we need to do to take care of our future. Listen Now

Resources: Order Tom's book - How to Build Sustainable Wealth

Velocity Banking is known by many different names among which are, the HELOC Strategy, the Australian Mortgage and the Mortgage Accelerator System. Basically it's a system which claims to help you pay off your mortgage faster.

Names aside, what are the fundamentals of Velocity Banking? Does it work? Is it safe? Should you try it?… good questions.

On this episode of WealthTalks, Tom and John delve deep into the core philosophy of Velocity Banking to bring you the inside scoop.

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Resources:

MoneyTools.net

Read more about Velocity Banking

Many people will say a picture is worth a thousand words… but that's likely because they have never read a well written book, or listened to a great speaker.

Krish Dhanam, a professional speaker who has spoken in 75 different countries across 6 different continents, has recently written two new books: Missives Mottos & Maxims, and Twilight.

Today, Krish Dhanam joins Tom and John on WealthTalks to share about these books and the reasons he wrote them.

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Get the new books here:

Missives, Mottos & Maxims at SkyLifeSuccess.com

Twilight at MalaMinistries.org

Both books are also available on Amazon - Paperback and Kindle versions.

Depending on your state, open enrollment for health insurance runs from November 1st through December 15th.

Guest, Jesse Cheng from Take Command Health joins the show to share about using QSEHRAs (Qualified Small Employer Health Reimbursement Arrangements) and ICHRAs (Individual Coverage Health Reimbursement Arrangements) to provide tax-deductible benefits to employees in 2021 rather than trying to find + administering the right group health insurance plan for everyone in a company. HRAs do require some employer administration, but with the right platform this process becomes super easy.

Learn the basics of using HRAs as a way to fund a specific dollar amounts of tax-deductible health benefits for people in your company.

Resources:

Similar Interviews with Jack Hooper at Take Command Health

HRA options for Small Business Owners - Start here

The walls of Jerusalem were crumbling, just outside the Babylonian army was waiting to loot and burn the city and carry the Israelites into exile.

In the midst of this looming catastrophe, God told Jeremiah to buy land.

In such a time of crisis, why would God tell Jeremiah to buy land? Can this help us know how to act in today's troubled times?

In this week's episode, John is joined by Ben as they discuss this story, and how it applies to us today.

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The Life Benefits Formula is this: (Work + Mutual Respect + Education) x Faith = Sustainable Wealth

In this week's episode, Tom and John discuss each component of The Life Benefits Formula, what it consists of, and how it works.

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Recently a poplar investment and financial website ran an article about Life Insurance, but the article was inaccurate and not true.

We responded with a new article on the subject, bringing much needed clarity to how Cash Value Life Insurance works.

Today on Wealth Talks, John and Ben talk about the different types of Life Insurance available, and how you can use your cash value life insurance as a financial tool.

There are multiple types of life insurance, each kind created for a specific purpose. Some accumulate cash value, some are just pure death benefit, still others have an investment option.

Listen in and learn about the different types of life insurance, and why life insurance is called the 4th pillar of Americanism.

Resources: 5 Ways to Use Whole Life Insurance Cash Value: https://www.life-benefits.com/5-ways-obtain-whole-life-insurance-cash-value/