Wealth Talks

The system in America has failed our generation in teaching young men how to manage their money. As a result a lot of men at many different income levels are living hand to mouth/paycheck to paycheck, going around and around in the rat race of life, never understanding how to get ahead, or how to get their money to work for them. This can change. In order to become financially successful, young men need to take control of their finances and build wealth. Good financial principles create a foundation for your capital to flourish so you can  build wealth far beyond however hard you can labor.  Today on Wealth Talks, Ben interviews his younger brother Jesse. Jesse is a husband and a father. He shares how he has used Infinite Banking and good financial principles to be able to purchase a house, build a business and finance the expenses of a growing family, and continue to save.  He shares his thought process and perspective of what he would encourage others to do.

The Dave Ramsey baby step program doesn't include any whole life insurance. Why?  Dave calls Whole Life Insurance C***.  Is it cause he doesn't understand it? Or is it for another reason? We respond to Dave Ramseys argument against Whole Life Insurance here.  Whole Life Insurance (only when designed correctly) can actually make The Dave Ramsey 7 baby step program better. Watch and see.

This is a review of a Participating Whole Life Insurance policy, designed for infinite banking, that was purchased over 18yrs ago. We have access to the original sales illustration which showed projections of what the policy would look like into the future, and then we also have a current active illustration showing what has actually happened in this policy over the last 18yrs. This policy was well designed for Infinite Banking, with a good ratio of paid up additional insurance as well as base insurance. The actual numbers of this policy are quite a bit different than the original illustration (in a good way). We go over everything in detail on  this episode. This episode will help you understand how a Participating Whole Life Insurance policy works, how commission on these policies work, how they are designed with Infinite Banking in mind, and other information important to know about like a MEC (modified endowment contract) status and dividends.

Wealth is generated is many unique ways. Often times we associate wealth with monetary status, but it has been insightfully  said that true wealth is what you have left when all your money is gone. This is an interesting perspective indeed.  In this episode we talk about how wealth is created (even with no monetary transaction), we talk about real estate purchases and planning, we give an update on our Dad, and also, we have changes coming to the Wealth Talks podcast. We share what that change is going to be.

This Podcast episode is about a book we recently came across and enjoyed so much we wanted to share it with you. Rhinoceros Success by Scott Alexander and forward written by Dave Ramsey, is a short humorous motivational book about developing a mindset and way of life that brings success. Using animals as metaphors. This vivid fast paced book will have you chuckling and laughing as you learn the secrets to personal growth and persistence. Core Concepts of the book: The Rhino vs. the Cow: The book splits people into two groups. Cows represent complacency, passive acceptance, and mediocrity. Rhinos represent aggressive goal-pursuit, thick-skinned resilience, and bold action. Charging: You are encouraged to wake up with immense energy, pick a clear target, and go after your dreams without letting small obstacles slow you down. Philosophy: This book aims to balance success across six core pillars: financial, work, physical, family, social, and spiritual   Email the wealth talks podcast here: [email protected]