Blog

The Real Cost Of College

Aug 14, 2018Ben McFie

Student loan debt in America today has surpassed 1.5 trillion dollars[i]!  That seems pretty bad, but most people are not able to reasonably visualize how much money 1.5 trillion dollars actually is. This inability is totally excusable since there is only one public company on planet earth that is valued at more than one trillion …

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Nearly 70% of Home Owners Regret Buying Their House!

Aug 8, 2018Tomas McFie

That’s right, “68% regret that purchase”[i] and report that watching others suffer the devastation that occurred in the 2008 downturn and following recession was the reason why they wish they had never purchased their home. In a Bank of the West study, “Paying off debt and having the financial means to retire comfortably”[ii] were the …

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How to Purchase More Money for Your Retirement

Aug 1, 2018Tomas McFie

Pension plans have for the most part disappeared unless you work for the government.  And defined contribution plans (401ks) have and continue to fail in bridging the income gap which independent retirement accounts (IRAs) and social security were supposed to fill.  That being said, those aware of smart money management principles often encourage their clients …

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Here’s what Rex Tillerson is doing with his money

Jul 25, 2018Tomas McFie

Samuel Johnson the English Poet and Moralist realized that “Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound; great debts are like a cannon, of loud noise but of little danger.” This reminds me of the little boy who discovered the small hole in …

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$42,300,000,000 in Fees

Jul 18, 2018Tomas McFie

Wow! $42.3 Billion, according to Bankrate; that is what 3 banks, JPMorgan, Bank of America and Wells Fargo, collected in fees during one year, $6 billion of those fees coming solely from ATM and overdraft fees alone.[i]  Of course, these are the same banks that we taxpayers bailed out in October of 2008 to the …

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Why You Want to Pay Your Premiums as Long as You Can

Jun 27, 2018Tomas McFie

When purchasing participating whole life insurance, many want to see the premium “disappear” as soon as possible. And if you have a limited source of funding to pay the premiums with, like an inheritance, a bonus, the sale of personal property, a settlement, or lottery winnings, it might make sense to have the premium “disappear” …

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It’s A Process, Not a Product

May 16, 2018Tomas McFie

Several years back, when giving a presentation for Nelson Nash’s Think Tank in Birmingham Alabama, I shared with the advisers and agents gathered there, that the Infinite Banking Concept wasn’t as much about the product, participating whole life insurance, as it was about the process. You see, even at that time, many advisers and agents …

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Always Learning Yet Never Coming to The Full Knowledge of Truth

May 8, 2018Tomas McFie

We all are instructed to add to our faith, virtue, to virtue knowledge, to knowledge self-control, to self-control perseverance, to perseverance a devotion to God and then finally a concern and love for others. Why in this order? And why not love and concern for others first?  Look around you today, and you will discover …

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The single biggest mistake people discover after taking a policy loan

Apr 11, 2018Tomas McFie

Dr. Seuss’ book, “The Sneetches,” which is also now a YouTube, is about two different kinds of creatures.  One type has stars on their belly, the other kind have no stars.  Of course, those who have the stars make those who don’t have stars feel inferior and less of a Sneetch than those who do.  …

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Face Value

Mar 28, 2018Tomas McFie

In a participating whole life insurance policy, the “Face Value” of the policy is the dollar value of the benefit that will be paid should the insured die while the policy is still in force. Part of the face value consists of paid-up insurance, which is insurance that is actually owned by the policyholder. The …

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