Claim OwnershipWithout the Bank Podcast
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Description
The archaic system of giving up money today, taking on risk, and hoping to retire is B.S.
This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.
This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.
182 Episodes
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What if I gave you a dollar in exchange for .50 cents, income tax free? Would you go grow quarters? This is exactly what the life insurance company does when you buy death benefit, and yet so many folks do not understand. Leave generational wealth for your family, use it to help with lost income from care, etc. The ideas are infinite. Audio Production by Podsworth Media - https://podsworth.com
We love the idea of having control of our money and not answering to the bank, but we then end up not knowing what to do. When you become the banker, you have to make your own payback terms; you have to put on your banker hat. When you sign your policy documents, you have, at that moment, become a business owner of a bank! Get ready: you have all the control. Audio Production by Podsworth Media - https://podsworth.com
Stop spreading yourself so thin just because you can do it all. Your business will run smoother and you'll make more money when you focus. Audio Production by Podsworth Media - https://podsworth.com
IBC provides the solutions for needing liquidity, control, and guarantees. That is not provided in a traditional banking setting. Audio Production by Podsworth Media - https://podsworth.com
It boils down to liquidity, control, and guarantees. While the market fell hard this week, it proves IBC is the answer for those three things. The concept is far more important to understand the problem so you can understand the solution. Audio Production by Podsworth Media - https://podsworth.com
What do you pay first if you can't afford both? Well, that depends on many things! Hang in there with me on this podcast; it can get a bit confusing. Audio Production by Podsworth Media - https://podsworth.com
Don't always get your feelings hurt when the bank says no. Sit back, look at why they are doing that, and use it to your advantage. They may just be saving your butt. Audio Production by Podsworth Media - https://podsworth.com
Always be prepared to have cashflow or low debt in the good times. Things always change, and you don't want to be in a situation where you are caught owing money and have no cashflow coming in. Audio Production by Podsworth Media - https://podsworth.com
Be careful when asking others for their opinions when you are an expert on a matter. Knowledge is one thing if it's gained from due diligence; it's another when it's repeated without good sources. Audio Production by Podsworth Media - https://podsworth.com
Justin is using IBC and his life insurance policy like crazy! Listen in and learn how to use your policy and move forward with cash-flow-generating ideas. Audio Production by Podsworth Media - https://podsworth.com
In this episode, we are discussing the misconceptions around term insurance and its value as a short-term death benefit solution. I explain different types of term insurance, highlighting their benefits and when they might be suitable. While term insurance is not a long-term solution like whole life insurance, it is important to maintain some form of coverage to protect your financial future. Tune in to learn how to understand and utilize the benefits of term insurance effectively. Audio Production by Podsworth Media - https://podsworth.com
Here we are again... Dave and I agree, but he seems to be talking out of both sides of his mouth. Finally, he has addressed putting money into things you know, but why then is he talking about putting money into IRA's and 401k's when you don't know those things? Audio Production by Podsworth Media - https://podsworth.com
Have you put money into your business and paid it back? If you are putting a capital investment into a business, you better pay that back to yourself and figure in your time per hour. Without doing this, you are not looking at real numbers for profit and expenses on the business side. Audio Production by Podsworth Media - https://podsworth.com
Wealthion had a great podcast interview that I sum up here as best I can. The moral is, the gov't created a "solution" that is now creating a problem for which they can create another "solution". The opt-out 401k option is not actually helping but could hurt the market, depending on employment rates. Take a listen; there is a lot here. Audio Production by Podsworth Media - https://podsworth.com
Every one of us is a salesperson to some extent, yet so many folks are up in arms over people selling them something. Listen in and challenge your thought process. Audio Production by Podsworth Media - https://podsworth.com
It's about that time of year where parents have college coming up to pay for. Student loans are a joke, and parents are being stuck with the bill. Society has said, pay cash for your kids and never have them pay you back. There are better ways, and you as the parent need to stop using your retirement to pay for the kids' college. Audio Production by Podsworth Media - https://podsworth.com
I stay away from the news for a reason, but I figured I'd take a listen this week, and now I'm mad. We are supposed to lose jobs in order to stop spending and get back to where the gov't thinks we should be. The thought process around this is absurd! Audio Production by Podsworth Media - https://podsworth.com
Why is it that so many of us forget so quickly that we lost money in a market fall? As soon as that rate of return increases, we relax and believe all is good in the world again. Why are we not paying attention and remembering what happened to our money just a year ago!? Audio Production by Podsworth Media - https://podsworth.com
If you have a business that is going nowhere fast, have you asked why? Is it because you don't love it, are you in your own way, or are you not filling your head with the right stuff? Get out of your head, open your mouth, and start working on your business. If you can't do that, then evaluate if you are doing the right thing. Audio Production by Podsworth Media - https://podsworth.com
Here is an example of why Uninterrupted Compound Interest is what you want when looking at interest on anything you're saving. Many talk about compound interest, but they don't talk about what happens when it's interrupted. Audio Production by Podsworth Media - https://podsworth.com
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