All Podcasts

Insurance Company Ratings and What they Mean for You

Come behind scenes and hear the reasoning around insurance company ratings, portfolio management, dividends and what it all really means for you in this special…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/Episode_2014_mixdown.mp3" width="100%"></iframe>

Would You Take a 5% Average Rate of Return?

You will love this entertaining and useful example of a 5% average rate of return! 😯 And you’ll never think the same way about AVERAGE…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/Episode_203_mixdown.mp3" width="100%"></iframe>

When trying to get ahead can put you behind

A recent caller with maxed out credit cards 💳 wants to retire in 5 years by investing in Real Estate. 🏠 Is it possible? Listen to this…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/How_to_Apply_The_Perpetual_Wealth_Code_in_your_life.mp3" width="100%"></iframe>

How to Keep More of the Money You Make

Recent questions reveal a natural perspective around using participating whole life insurance to build your wealth. Discover how policy loan interest works, what “backdating” means…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/How_to_Keep_More_of_the_Money_You_Make_mixdown.mp3" width="100%"></iframe>

A Huge Inheritance to Massive Debt and now Financial Freedom – Mark Dealy’s Journey to Financial Success

It’s been said that wise men learn from other people’s experience, because you don’t have time to learn everything yourself. 🤔 How true. Listen, learn…
  • X <iframe frameborder="0" height="200" scrolling="no" src="You wouldn’t work very long without some form of compensation. But you might be stunned how many people permit their money to work for nearly nothing. Jeff and Jim are twin brothers. Jeff believes he can consistently earn 8% in his portfolio and decides he’s going to put $2,600 each year into his investment. Jim knows that earning 8% consistently is not really a realistic objective, and so he decides to save $5,200, instead of only $2,600, every year. But he also signs a contract where he is guaranteed to earn a minimal 4% without risk of loss. At the end of ten years, Jim and Jeff get together to compare notes on their respective returns. • Jeff has $37,665.06 in his account. 69.03% of that money is what he has saved, not earned. • Jim on the other has $62,431.76 in his account. 83.29% of his account is made up from what he has saved. Jeff’s advisor tells him that he should be delighted. Nearly 30% of his account has come from his earnings. But Jim is happy too because he notices that he has nearly 40% more money than Jeff has. Unfortunately, in year eleven, market conditions trigger Jeff to lose 30% of his portfolio. So instead of having $43,278.27 in his account at the end of the year, Jeff is down to only $25,966.96. And because of Jim’s guaranteed contract, he now has $70,1029.03. What happened to Jeff is unfortunately what happens to many people who trust that they can earn a higher rate of return. They fail to realize that unless that higher rate of return is guaranteed there is a significant risk of losing what you thought you had gained. Historically, there are frequent market conditions that trigger substantial losses. Below is a chart that details this historical data. Remember, as you examine this data, each decline represents a potential loss for someone. The problem is that neither you, nor anybody else, knows what the market will do or when it will decline again. So, unless you have money that you really don’t need or want, risking it in the market can put you in a position to lose it. Think about this, if you were forced to retire in the 929 day decline of 2000-2002, you’d have been forced to retire on 49% less than what you had planned to retire on. And the same thing goes for any of these other market declines as well. Now back to Jeff and Jim. Let’s say thirty years have passed since they began saving for their retirement. The year is 2007, and both of them are really looking forward to spending more time fishing, camping and traveling together. The market has allowed Jeff to earn an 8% average over the past thirty-years and he has a total of $294,536.35 in his account. Jim’s guaranteed account only has $291,641.65. Jeff is pretty pleased that his gamble of saving less and earning more panned out. However, one week before they retire, the market crashes. Jeff’s account is reduced to $126,650.63 almost overnight! And now Jeff can’t afford to join Jim on their planned fishing trips. Jim, though feeling badly for his twin brother Jeff, decides to take a friend and goes fishing anyway. Jeff goes back to work attempting to sell HVAC systems to people when they come in to shop at the local big box store. Jim is enjoying the fact that his account has 86.95% more money in it than what he saved. Jeff is suffering from the fact that his account now has only 38.47% more money than what he paid into it. Think this story about Jeff and Jim is fake? Think again. Many people lose more than money when market conditions trigger such losses as these. Some lose their health, others their homes, many lose their financial independence while some even take their life. You wouldn’t work without some form of compensation, so why risk your future by allowing your money to work without a guarantee? Without a doubt someone will have noticed that Jim saved 2x more money every year than Jeff did. You might even say that if Jeff had saved more, then he would be better off than Jim even with the 2007-2009 market decline. But if Jeff had saved $5,200 annually and earned the same average 8% rate of return over these 30 years, he would still have lost 57%. And that means he would have ended up with only $253,301. And $253.301 is $38,340 less than $291,641 which is what his twin brother Jim retired on. The bigger you are, the harder you fall. It’s true in fights. It true in demolition work. And, it is true in finances. Without a guarantee, the bigger you are, the harder you can potentially fall. Don’t let your money work without having a contract that guarantees your earnings." width="100%"></iframe>

How You can Benefit from Insurance Company Profits

Everyone knows life insurance companies make good money, and they don’t share profits with all policy owners. Neither do all policy owners get equal benefits…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/How_You_Can_Benefit_fromLife_Insurance_Comapny_Profits.mp3" width="100%"></iframe>

How to get Guarantees for Your Financial Future

Did you know there have been 29 market corrections of 10% or more over the last 50 years? That averages out to more than one…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/Episode_198_mixdown.mp3" width="100%"></iframe>

Interview with Special Guest Krish Dhanam- A New Movie and The Wealth Cruise

Filmed on-location in India 🇮🇳, with a top-quality production spanning 5 continents – The Least of These (movie) 🎬 was released in US theaters February…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/Episode_197_mixdown.mp3" width="100%"></iframe>

Exposed! Pressure Tactics around Life Insurance

There’s a big difference between quality motivation and high-pressure sales tactics often used by insurance salespeople. Here’s what you need to know to discern the…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/Exposed_Pressure_Tactics_around_Life_Insurance_mixdown.mp3" width="100%"></iframe>

How to Payoff Debt (without giving up your “coffee”)

Financial entertainers 🤑 will tell you that you need to “cut out your coffee” ☕️ to get out of debt, save for your future and…
  • X <iframe frameborder="0" height="200" scrolling="no" src="https://traffic.libsyn.com/wealthtalks/How_to_Payoff_Debt_mixdown.mp3" width="100%"></iframe>
22 Pages | 214 Results