The Money Advantage Podcast

https://www.youtube.com/watch?v=Nd1Q31lCczw Are you a wealth creator with a need to have access to cash in the safest way that puts you in control?  Velocity Banking shows up again and again as a solution to pay off your home faster and save interest.  It even appears as the ideal way to store up equity in your house to use for investing.  And, to add confusion, it sounds a lot like Infinite Banking, with a similar objective of taking the banking function into your own hands, so you achieve independence from the bank profiting on your money and requiring their permission for you to use it.  To further muddy the waters, Nelson Nash’s book, Becoming Your Own Banker, is often cited as the foundation for both strategies.  (However, Nelson wrote the book as the foundation for the Infinite Banking Concept, which he promoted through the Nelson Nash Institute.) But what is the Velocity Banking strategy, and what are the risks?  How does it compare to Infinite Banking?  And which approach gives you more control? This episode is for every wealth creator who wants to have access to cash in the safest way that puts you in control, so you’ll never get caught in a cash crunch. Today, we’ll reveal the three reasons Velocity Banking is a poor alternative to Infinite Banking for building investible capital. Velocity Banking doesn’t provide safety Velocity Banking doesn’t guarantee access to your cash Velocity Banking doesn’t give you a rate of return Table of contentsWhere The Infinite Banking Concept Fits into Your Cash Flow SystemFirst, What Is Infinite Banking?And What Is Velocity Banking?Velocity Banking vs Infinite Banking: The Single Clarifying Question You NeedSTOP.  Before you read further, you have to know this:Here’s Your Quick Glance Comparison Between Velocity Banking and Infinite BankingThe Underlying Assumptions of Velocity BankingFinancial Principles and Truths That Put You in ControlLiability ≠ DebtDebt Payoff Should Be StrategicSaving Interest ≠ ControlHome Equity ≠ SavingsVelocity Banking Doesn’t Provide SafetyVelocity Banking Doesn’t Guarantee Access to Your CashYou Can Only Access Equity During the Draw PeriodThe Bank Can Freeze or Reduce Your Credit LineInfinite Banking Gives the First Right of Access to PolicyholdersVelocity Banking Doesn’t Give You A Rate of ReturnInfinite Banking Allows You to Earn A Returns on the Same Money In 2 Places at the Same TimeHow Infinite Banking Puts You in ControlFind Out More Where The Infinite Banking Concept Fits into Your Cash Flow System The Infinite Banking Concept (also known as Privatized Banking) is just one step in the greater Cash Flow System. It’s the peanut butter to your cash flow sandwich. While it’s nestled into Stage 2, Protection, it also improves everything else around it.  Infinite Banking helps you keep more of the money you make in Stage 1, amplify your cash-flowing asset strategy in Stage 3, and accelerate your Time and Money Freedom. First, What Is Infinite Banking? Infinite Banking is a strategy of using a specially designed, dividend-paying, high cash value whole life insurance policy with a mutual company as a place to store cash.  As you build up cash value, you have access to use it through withdrawals or policy loans. The result of Infinite Banking is that your cash flow, or surplus, goes into a life insurance policy, where it is stored in cash value. Here’s how you can find out more about Infinite Banking, the kind of life insurance policy that works for this strategy, and how to get high cash value and long-term growth. And What Is Velocity Banking? In short, Velocity Banking is a strategy of using a line of credit to pay off your house faster, while saving interest. The strategy includes variations such as opening a 0% interest credit card and moving balances of debt from other liabilities to the credit card and then paying off the credit card fast, using a home equity line of credit (HELOC) or even replacing your mortgage with a 1st lien HELOC.  Depending on how you use this strategy, proponents demonstrate how you can fully pay off your home quickly, usually between 5 – 10 years. However, the debt reduction isn't simply a result of the HELOC product itself. Instead, the results are achieved by the strategy of cash flow management you use with it.  For the fastest debt payoff with Velocity Banking, you would use the line of credit as your bank account, putting all your money in each month and paying your bills out of the line of credit.  The difference between your income and expenses each month results in an extra payment to the line of credit that decreases the balance owed and increases your equity.  Then presumably, you can use the HELOC as a checking account to pull out equity any time you need cash or investment capital. The result of Velocity Banking is that your cash flow is directed into home equity, where it is stored. Velocity Banking vs Infinite Banking: The Single Clarifying Question You Need This article compares the eventual outcomes of the two cash flow management strategies of Velocity Banking and Infinite Banking.  This is the bottom-line question: Which is the better place to store cash? If I had to choose just one of these strategies, I’d pick Infinite Banking, because of the guarantees, certainty, and control I gain, that Velocity Banking just can’t provide. STOP.  Before you read further, you have to know this: We are not anti-HELOC.  Securing a HELOC might be a prudent financial move to provide additional options when you need access to funds or want to put lazy money to work.  For instance, you can use the home equity of your primary residence to purchase cash-flowing investment properties.  We’ve even helped people use their equity to buy investment property. We call high cash value life insurance the “AND Asset” for a reason.  Infinite Banking isn’t meant to be your only financial strategy in your toolbelt.  It’s intended to complement and accentuate your investing strategy, boosting returns and accelerating your cash flow.  Infinite Banking is like a golden key that unlocks and enhances every other area of your financial life. Here’s Your Quick Glance Comparison Between Velocity Banking and Infinite Banking Now, when I say that Velocity Banking is a poor alternative to Infinite Banking, here’s what I mean: The Underlying Assumptions of Velocity Banking The mainstream financial thinking makes sweeping assumptions about what’s right and wrong for everyone to do with their money.  Their power is that they sound like practical common sense.  But the problem with conventional thinking is that it achieves typical results.  If you want to build uncommon wealth, you need to elevate your thinking. Here are the underlying assumptions of Velocity Banking: If you have a liability, you are in debt. You should pay off all debt first before working on any other financial goals. You should pay off debt as fast as possible to save interest. Equity in your house is savings, and a HELOC is the best way to tap into that equity. But, if you follow this logic, Velocity Banking’s assumptions are a landmine that robs you of control.  We’ll quickly zip through the first three assumptions because we have volumes of content on these foundational topics.  Then, we’ll dig into the last assumption because that’s where you discover the crux of the question: which strategy results in the best place to store cash? Financial Principles and Truths That Put You in Control Instead of accepting the common assumptions of Velocity Banking, let’s find the bedrock financial truths that will put you in control and help you to prosper. Liability ≠ Debt With Velocity Banking, the goal is to outrun “debt” as something bad that you feel guilty of having in the first place.  This view altogether misses the real definition of debt. DEBT = Negative Equity Stated another way, you are in debt when your liabilities exceed your assets. The typical approach has you needlessly trying to become "liability free." Instead, you should evaluate each liability individually to determine whether to keep it or pay it off. Just because you have a liability doesn’t mean you’re in debt.  And it follows that just because you have a liability doesn’t mean you should pay it off. Debt Payoff Should Be Strategic You should attack your debt strategically, not with a battering ram. That's because not all debts are equal. Some debts are more efficient than others, and it can actually slow you down to focus on paying them off. Other debts require immediate attention and should be paid off as soon as possible. You'll want to pay off the liabilities that free up the most cash flow and keep the most efficient liabilities.  Find out how to do this with the Cash Flow Index. You need personalized tactics because your strategy depends on where you're starting from. If your big-picture objective is time and money freedom, you want to focus on creating as much cash flow now, having healthy savings, and acquiring cash-flowing assets. That's why you should prioritize savings, even above paying off most, if not, all liabilities, depending on your specific situation. If you try to climb out of a hole you aren’t in, you’ll never realize that starting now to build assets is possible, safer, and puts you in the most control, even with an outstanding liability.  That's because when you have cash you control (asset), you’re in a much safer position than if you have no liabilities.  If something goes wrong, you have money that you can tap into and access for any reason. Saving Interest ≠ Control If you focus on interest, you won’t notice when your interest-saving strategy robs your control right out from under your nose.  To be fair,

https://www.youtube.com/watch?v=UpA90RRTBUM Have you wanted a way to share your greatest possible gift of love with your spouse, children, and loved ones, but weren't exactly sure how? The best gift requires out-of-the-box thinking because it's not something you can buy at Hallmark. Investments Don't Hug, by Mark Bertrang, shows you how. It's the most poignant, emotional, and compelling book about life insurance that demonstrates the real-life significance of an asset that is truly the embrace that outlasts you. In this episode, we interview the author about the embracing power of life insurance. So if you want to simplify financial planning with a disciplined approach that gives the most certainty, make the financial choices today that you will be most grateful for in the future, and take the absolute best care of your family so you can preserve your family’s respect and dignity even during the most challenging circumstances, tune in now! In this episode on Investments Don't Hug with Mark Bertrang, you'll discover: How life insurance offers the greatest reassurance, hope, and love when you go through your worst.How to plan as if you will die tomorrow, and live as if you are going to live forever. Why having a default plan allows great opportunities to present themselves today.Why the pandemic has reminded us of the importance of guarantees and ‘safe’, liquid assets.How life insurance allows you to begin with a Plan B, in the event Plan A fails.The whole life nonforfeiture options for the worst-case scenario, and why the safety net and flexibility can be a tremendous source of comfort and confidence.Why you can never be insurance poor.How life insurance embraces and carries you as you transition from one stage of life to another.How exactly you can do what's in your control today to gain certainty for your future.Why your family's estate plan should be refreshed at least once every ten years.How to store years' worth of income, so you never lose sleep about losing a job. Real-life stories of how life and disability insurance carried clients through life circumstances, so you can come face to face with your own mortality, and still have the final say. Who Is Mark Bertrang? Mark Bertrang, CLU®, ChFC® is the creator of the Financialoscopy®. As a professional communicator, broadcasting was his first career. But for more than a generation, Mark has communicated the message of financial security. In his book Investments Don't Hug, Mark shares stories of pain, anxiety, and joy that illuminate tools for clients to take charge of their own lives. Important lessons are woven through the stories of real people living real lives, instead of imaginary tales where everything goes right and there’s always a happy ending. Two values come through loud and clear. The first is love: the love for your spouse and the love for your children. The second is a belief that we are all called to a higher purpose, a greater good. It’s not about being centered on ourselves. Instead, it’s about the giving of our time, our talents, our resources, and our love which can impact our family and our communities for generations into the future. Want to Talk About Life Insurance? If you have life insurance questions, we'd love to connect. We'll help you make the financial choices today that you will be most grateful for in the future, and take the absolute best care of your family with the greatest gift of love that money can buy. To discuss your life insurance strategy, or implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Investments Don't Hug Links and Mentions From This Show Get your copy of Investments Don't Hug on Amazon, Audible, or HERE: https://www.investmentsdonthug.com. Check out the Discovering Wisdom Over Coffee, with Mark Bertrang podcast. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below! Don’t forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, please take a minute to leave us an honest review and rating on Apple Podcasts. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the reviews we get. Thanks for listening!

https://www.youtube.com/watch?v=deWEDJ4ysS0 Here's new life insurance company rating information for every wealth creator who wants to be certain that your savings are stable and guaranteed, so you can be sure the financial moves you make to gain safety really are solid and dependable, so you don't lose money or wonder if an economic crisis could collapse the pillar you're depending on. So here's where we are right now... We're in uncertain times. So, you're looking for financial guarantees, safety, confidence, and peace of mind. And you've heard that a whole life policy is a good place to store your cash. But you're wondering ... How do you know your savings in an insurance policy are secure and safe? How strong is the life insurance industry really? Could my insurer go out of business? What happens in the worst-case scenario? And how do I use life insurance company ratings to double-check my life insurance purchase to guarantee I'm making the most secure financial move? Today, we'll dig deep and answer these astute and pressing questions. Table of contentsWe'll Cover Three Key Life Insurance Company Ratings InsightsA Scary Bridge Taught Me About Verifying Financial StabilityWe had to decide if it was safe to cross.It's like that with our financial decisions.Life Insurance Company Ratings Are A Part of the Bigger Picture of Creating WealthInsight #1 - Compared To Commercial Banks And Investment Firms, Life Insurance Companies Have A Long History Of Financial Strength Under PressureInsight #2 - Life Insurance Companies Are Highly Regulated To Protect ConsumersBut What If An Insurance Company "Fails" and Becomes Insolvent?Let's Peek In On How Life Insurance Companies Handled the Great DepressionA Holiday That Wasn't a PartyThe Banking Holiday Spun Off an Insurance HolidayBut Here's the KickerInsight #3 - Life Insurance Carrier Ratings Are A Window Into The Soul of the CompanyThe Big ThreeAM Best and COMDEX ScoreHere's How to Navigate Life Insurance Carrier RatingsBut Even Life Insurance Carrier Ratings Aren't the Full StorySo, here's the bottom line for every wealth creator…Common Questions About Life Insurance Company RatingsWhat's the difference between company ratings and table ratings?Where can I actually check my life insurance company’s ratings?What if my insurance company's rating drops?How often should I check my insurer's rating?Article Resources We'll Cover Three Key Life Insurance Company Ratings Insights #1 - Compared To Commercial Banks And Investment Firms, The Life Insurance Industry Has A Long History Of Financial Strength Under Pressure #2 - The Life Insurance Industry Is Highly Regulated To Protect Consumers #3 - Insurance Carrier Ratings Are A Window Into The Soul Of The Company You'll also discover the difference between company life insurance ratings and table rating life insurance for individuals, helping you understand both sides of the financial strength equation. And, we'll also reveal the radical move the life insurance industry made during the banking holiday of the Great Depression. During one of the worst economic times during American history, insurers sunk the roots of their financial strength even deeper. But first, let me tell you about a time when ... A Scary Bridge Taught Me About Verifying Financial Stability When I was about 14, my Dad, siblings and I saddled up the horses and set off for an adventure. We'd set out a on a new route along our country gravel road, tracing the edge of the neighbor's field. An entrance to a snowmobile and four-wheeling trail beckoned us into an unfamiliar forested section of property. The invitation wasn't unusual, as we'd easily ridden hundreds of miles of trails through the rural Minnesotan woods. But today, as we came into a clearing, there stood a narrow wooden bridge that made us pull up fast. We had to decide if it was safe to cross. It was easily 9 feet over the ditch below, and probably 20 feet across. The kind that makes horses jittery and jumpy, and all the riders shake a little in their boots. The horses snorted, balked and showed the whites of their eyes in protest. Now walking on a wooden bridge is the equestrian equivalent of beating a hollow drum underfoot. It's one of the top potential obstacles to spook a horse, make them rear up and throw a rider. Or jump and stumble over the edge in fright and panic. It also may have loose or rotten boards the concentrated weight of a horse could easily puncture and fall through. While most of us voted to turn around, my dad never lost character as the brave one of our crew. He got down, tested the bridge on foot, tried to rock it, stomped around, and kicked at the planks to check for rotten boards. At last, we were pretty confident the bridge would hold. So, we coaxed the lightest, calmest horse across first while holding our breath. Finally, after they crossed without falling through or over the edge, the rest of us followed suit. I learned that when you’re placing your confidence on the intrinsic stability and certainty of a thing, you want to be absolutely sure that thing is really solid. It's like that with our financial decisions. If I'm going to put my confidence in the certainty of permanent life insurance, I want to be certain that it can hold me and protect my life savings, even in the worst case scenario. That's why we're talking about life insurance carrier ratings today. We're going to test out and explore how and why life insurers are financially strong and can back up their claims. Life Insurance Company Ratings Are A Part of the Bigger Picture of Creating Wealth Now, a big secret to understanding the strength of an individual insurance company lies in the ratings.   However, ratings are only a sliver of a much more substantial conversation about the strength of the life insurance industry overall.   And while the stability of the industry is a critical piece of protecting and preserving your wealth, it's just one small piece of the bigger journey to creating time and money freedom. That’s why we’ve developed the 3-step Cash Flow System. It’s your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. Life insurance carrier ratings are an indicator of the strength of life insurance itself, which falls in the middle level of Protection. However, their impacts are far-reaching, spanning widely to improve every other area of your financial life. Insight #1 - Compared To Commercial Banks And Investment Firms, Life Insurance Companies Have A Long History Of Financial Strength Under Pressure The insurance industry has spanned nearly 200 years, weathering the Civil War, the Great Depression, and the Great Recession. For context, Penn Mutual was founded in 1848 (172 years ago) and Mass Mutual in 1851 (169 years ago). Both companies existed before and through the Civil War (1861 - 1865). Western and Southern began in 1888 (132 years ago), long before the Great Depression of 1929 - the late 1930s. The oldest life insurance company still in existence is Equitable Life Assurance Society. It was founded in the UK in 1762 (258 years ago). These life insurance rating agencies, which we'll discuss later have tracked many of these companies for over a century, consistently showing their financial strength through multiple economic crises. But not only have these companies stood over time, they've seen a lot through their years. And historically, life insurance companies have emerged from crisis financially sound, maintaining their core business of issuing policies, paying claims, and servicing in-force business. Want to see why? Insight #2 - Life Insurance Companies Are Highly Regulated To Protect Consumers The insurance industry is highly regulated, both at the federal and state levels. The primary oversight is by state insurance commissioners, and their collaboration through the National Association of Insurance Commissioners (NAIC). Consequently, insurance companies must then be licensed in each state and comply with each state's requirements where they want to do business. Additionally, insurance producers must also be licensed with each state. The regulators hold life insurance companies to a high standard with net worth requirements, risk-based capital tests, cash-flow testing, and layers of solvency surveillance that include third-party analysts, to maintain their fiscal integrity. Companies must carry capital reserves over and above their liabilities (which are primarily paying death claims). To increase the stringency, insurance companies must plan for more people to die, thus having more liabilities, and still maintain a cushion of capital beyond that inflated number. In fact, the top insurance companies have on average $107 for every $100 of claims that they have promised in the future. Some of the companies we work with even have $114 for every $100 of claims promised. Additionally, the insurance industry requires SAP (Statutory Accounting Principles). This method focuses on solvency - the ability to pay debts and have cash to pay for future needs - which are more conservative than the GAAP accounting every other industry uses. And what happens if they don't pass the tests? Regulators identify carriers that need rehabilitation. Then, the company can first voluntarily course-correct by cutting expenses, selling off pieces of their business, or considering a merger with a stronger company.

We all have the opportunity to upgrade our environment, inner circle, and mindset. In fact, it's a prerequisite for living your best life! Today, we're talking with Mark Battiato, co-founder of the Growth Into Greatness Institute, about growing your business, having the maximum impact, increasing profitability, and becoming the best version of you. Who Is Mark Battiato? Mark Battiato is an Entrepreneur Business, Life and Possibility Coach Co-Founder of The Growth into Greatness InstituteAuthor of Geronimo, 8 Jumps to Your Supercalifragilisticexpialidocious LifeAnalyzed over 500 dental practices in the US since 1992Helped hundreds of dentists reduce overhead, simplify their business, improve net profit, and increase time off for the whole team Conversation Highlights How Mark met Jim RohnThe funny story about how he met, and then came to be mentored by Jim Rohn's mentor, Bill BaileyThe difference between knowledge and wisdomHow Mark found the key to his first business failure in the e-MythHow to find and create your inner circle Find Out More About Mark Battiato Learn more about profitability solutions for dental practices at http://www.greatnessinstitute.com/. Find Out Your Next Right Step to Time and Money Freedom If you are ready to personally implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today.

https://www.youtube.com/watch?v=_pFTv5igQXc Do you want to find out how to get the most income with reverse mortgages, and still have the cash to replenish your estate and pass on a legacy?If you want to maximize income, especially during your later years, understand how to get a permission slip to get more income with a reverse mortgage, and gain control by having more financial options, so you can boost your confidence in your own financial stability, both now and in the future, this episode is for you! In this episode, you'll discover: How reverse mortgages can convert home equity into cash or income.How the Baby Boomer's $7.2 Trillion of home equity in their current homes can be used to supplement their retirement and medical needs.The 4 options available to custom-design a reverse mortgage to meet your specific financial goals.How a reverse mortgage allows you to minimize the risk of having to take money out of your portfolio when the market is down and never being able to recover.The secret that makes income from a reverse mortgage income tax-free.The reverse purchase that makes it possible to downsize, or rightsize to a new home during retirement, never owe a mortgage again, and still have cash on hand.How a reverse mortgage can increase your cash flow by reducing expenses and increasing income, often at the same time.How a reverse mortgage affects your legacy and your kid's financial economy.The advantage of using whole life insurance death benefit to replenish your estate, giving you permission to use up other assets, and still maximize your legacy. About Mike Stanley (Michael) Michael Stanley is an expert in reverse mortgages whose accomplishments include: Serving the mortgage industry since 1995Focused exclusively on Reverse Mortgages for the last 12 yearsBranch manager of Universal Mortgage & FinanceLives in Virginia Beach VA with his wife of 35 yearsLoves spending time with his son, daughter-in-law, and a beautiful granddaughter Find Out Your Next Right Step to Time and Money Freedom If you'd like to take the one next right step into ensuring the most options for future income, get whole life insurance with a guaranteed death benefit today. This tool will be your permission slip to use up other assets and still have the greatest possible legacy. By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking gives you the most powerful storage tank for your cash, PLUS it boosts investment returns, so you can more quickly get to the point where you never run out of cash. If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Reverse Mortgage Resources & Mike Stanley's Contact Info: Calculate your options with a reverse mortgage or find out more at www.umafi.com. You can also text or call Mike Stanley directly at (757) 646-4147. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below! Don’t forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, if you like these conversations for increasing your financial control and certainty, so you can have confidence and peace of mind, and prosper regardless of the economy, please rate and review our show on Apple Podcasts to help more people like you find our show. Thanks for listening!

https://www.youtube.com/watch?v=FtX1shbUJ_0 The death benefit sounds like the least attractive and most basic part of life insurance.  Wouldn't the only people talking about it be either a doomsayer or Captain Obvious? Far to the contrary! Life insurance death benefit offers a tremendous advantage that enhances your life and makes it so much richer.   So we're taking this topic head-on in today's episode and discussing the 5 reasons you want to have a life insurance death benefit. And to add some flavor to the conversation, we're introducing you to Ryley Smith, one of The Money Advantage's advisors. So if you want to discover and solve your top priority financial concerns, take care of your family, and be able to spend and enjoy more of your money and live on beyond yourself, tune in now! You'll be surprised at the depth of this inspiring, thought-provoking, soulful conversation that will help you put your best foot forward to living your best life. In This Episode About Life Insurance Death Benefit, You'll Discover: Why the death benefit is the most powerful thing about life insuranceThe living benefits the death benefit provides, even if there's no cash valueHow the death benefit allows you to spend and enjoy more of your moneyHow most people give up financial control to banks and financial institutionsThe 3 questions you should ask yourself when buying anythingThe 5 reasons why you would want life insuranceThe 3 ways whole life insurance can have no costThe only way money has value to youThe 7 levels deep exercise to get to the heart of what you really wantThe 1 surprising question you should ask yourself at the end of each day to live your best life Who is Ryley Smith? Ryley Smith is an inspiring human who serves The Money Advantage clients by helping them articulate their vision, discover their financial picture, and create a strategy to get the most cash flow and control. Here's a bit more about his background. Advisor for The Money AdvantagePassionate about sharing the truth behind financial conceptsLicensed Doctor of Physical Therapy, and former Certified Athletic Trainer, and Certified Strength and Conditioning SpecialistGrew up in Carthage, Illinois enjoying the small-town life with family and friendsVery active in sports growing up and into collegeAn avid reader and enjoys being active outdoors and with personal fitness Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We’ll review your situation to help you decide what moves are best for you. To start the conversation, book a call with our advisor team. Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

https://www.youtube.com/watch?v=Wz6IVtcW_10 Does the current market volatility make you wish you had a financial bunker to protect you from losing money? If you would love to gain control by having the certainty of guaranteed money today and in the future ... need to make traction towards financial freedom, regardless of the global economy ... want to have investible cash available to buy the right investments when they go on sale ... or stuck with wanting to have a strong cash position, but frustrated that bank rates are low and CDs and bonds aren't very liquid ... you're not alone! These are the concerns we see from investors and wealth creators everywhere as we all grapple with the financial turmoil and uncertainty in the markets today. That's why we're talking about the lost art of protecting and preserving your wealth. After all, who doesn't want to protect their portfolio from risk and loss? So if you want to anchor your financial position so you don't slide backward during market crashes and corrections, but instead, maintain control, and have cash for emergencies and opportunities so you can create wealth, regardless of global economic turmoil, tune in now! Where a Financial Bunker Fits In The Bigger Picture of Creating Wealth Protecting and preserving your money is super important right now. It's also important in any market environment, because it's a critical step in creating wealth. But unfortunately, it's the un-sexy, boring step that many people skip over in their excitement to invest. But investing alone isn't a sustainable financial system for long-term wealth building. That’s why we’ve developed the 3-step Cash Flow System. It’s your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. That being said, your financial bunker is the middle level of Protection. It's not just an isolated, compartment of your financial life. Instead, having a financial bunker improves every other area of your financial life. In This Episode, You'll Discover: What you need to know about the economic state of the union, so you can make decisions.How to turn your generalized anxiety and worries about the looming economic crisis into peace and confidence.The pivot you need to make to step from a helpless observer in the back seat to the driver in control of your financial life.Why most people lack financial control, and how to gain a sense of agency, that you can desire, make plans, carry out actions, and get results.The conundrum you put yourself in when you become the recipient of a gift.Why it’s so much harder to make decisions for yourself instead of doing what everyone else is doing.Why you should never accept losing money as the price you have to pay, just because everyone else is losing money too.The reason I don’t pay attention to the stock market, and why you can give yourself the permission to make this outrageous, bold move too.Why not losing money right now is more important than making a lot of money.The #1 thing you can do to secure a financial bunker to protect yourself from financial storms right now, without shutting down your own personal economy, SO YOU CAN continue to grow your wealth at the same time.The #1 financial tool to get guarantees, safety, access to your money for emergencies and to buy assets when they go on sale.Why asking better questions is more helpful to getting you unstuck than finding the right answers. The Most Unlikely Solution The financial bunker that gives you peace of mind with safety, security, and ironclad guarantees is the most unlikely solution. This ancient, traditional, no-frills, long-term wealth builder is a war chest that’s the best place to store your reserves. That way, you can cover emergencies, weather a crisis, and serve as investment capital for opportunities.   It has a track record stretching back at least 170+ years, surviving the Civil War, Great Depression, and Great Recession. And it's is used by the wealthy, banks, and corporations as a safe harbor during economic turmoil. In fact, banks increased their holding of this asset to $161.8 Billion, a growth of 146%, between 2004 and 2016, during one of the largest financial crises. Why? This move bolstered their Tier 1 Capital Reserves, a bank’s highest quality capital, and the measure of its financial strength. What Is The Best Financial Bunker? It's a specially designed, high cash value, dividend-paying whole life insurance contract with a mutual company. You may think that life insurance is just an insurance product with a death benefit, and it has nothing to do with storing cash or building wealth. But nothing could be further from the truth! Whole life insurance is the ideal financial bunker because it allows you to have a place to store cash, with safety, liquidity and uninterrupted compound growth. Your money is protected because cash value doesn't lose value, AND because. Now, instead of pulling your money out of commission and having half of your army asleep, you're able to keep your money growing, while you also use it in other investments! By the way, if you'd like to learn more about how you can use this specialized life insurance as an “AND Asset” to put the same money to work in two places at the same time, check out the Quick and Easy Guide to Privatized Banking here: https://privatizedbankingsecrets.com. Get Your Financial Bunker Today Do you want to get your financial bunker in place today to weather this current financial crisis and any turbulent waters ahead? If so, we can help. Check our calendar and book your strategy call today.

https://www.youtube.com/watch?v=ErkhA2dRdBs In this episode, we talk with James Smiley about why most entrepreneurs struggle with making money online quickly.If you want to create a brand, become an influencer, and build a self-sustaining business so you can build a life and business you love, tune in now! In this episode, you'll discover: How he went from getting arrested and getting kicked out of school to leading a multi-million dollar companyWhy you don't need a huge list or following to grow your business, and what you do need instead ... and exactly how to build itThe one simple business strategy that will make you stand out, and give you years of leverageHow to become an influencer if you're not already an established thought leader like Tony RobbinsThe top 2 crucial keys to making money online quickly Who Is James Smiley? James Smiley is an expert in making money online quickly whose accomplishments include: James has been recognized as one of the most innovative and in-demand entrepreneurs under 40.He has led $0 to $20M growth for two different companies, been a part of a Silicon Valley SaaS IPO, and consulted for 3 of the Fortune 10.He built countless 7 & 8 figure funnels, including one $1.7M webinar.James has been the behind-the-scenes paid advisor to over 560 executives & entrepreneurs.His primary specialty is helping entrepreneurs with rapid revenue acceleration by leveraging online automation and his proprietary digital marketing systems.James has published 7 books, recorded 1000s of videos and podcasts, trained over 12,000 B2B sales reps, delivered 600+ speeches, and sold over $210M before the age of 35.He played some college football and is a former ESPN Bassmaster pro angler and fished in the Bassmaster National Championship. James Smiley Episode Resources Learn more about how you can improve your results: https://jamessmiley.com. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! If you enjoyed this episode, please share it with your friends. Don’t forget to subscribe to the show on Apple Podcasts to get automatic episode updates for The Money Advantage Podcast! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show and I make it a point to read every single one of the reviews we get. Please leave a review right now.  Thanks for listening! Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

https://www.youtube.com/watch?v=NYZC3XZ9qhU With the threat of Coronavirus breathing down our necks, unprecedented social measures to stop the spread of the virus, and the tumbling chaos in the financial markets, it can feel like our world is fragile and fraying.How do you create a life and business you love in the midst of that?Our goal in this conversation is not to oversimplify the concerns at hand, pretend we can predict the outcomes, or dismiss the panic of a pandemic. But we all need a way forward, to move us out of fear and into confidence. Here's what Dan Sullivan, of Strategic Coach, has to say about these trying times: What’s important to me right now? Making sure to keep my confidence up each day.  Confidence is the ability to transform fear into focused and relaxed thinking, communication, and action. It turns dangers into opportunities, obstacles into innovations, weaknesses into advantages, and setbacks into breakthroughs. When you have confidence as a daily resource, you can learn anything, respond to anything, adjust to anything, and achieve anything. Dan Sullivan, Strategic Coach So how can you inject that antidote of confidence to the pandemic of fear and uncertainty? This episode will help you: Find out the real reason your confidence fails during hardship. Get practical ways to make money during the Coronavirus. And find out the simple action plan to get a life preserver in your health, but more importantly, your wealth right now. The changes in our environment require your leadership and courage in your circle of influence right now. The 5-Step Action Plan to Survive and Thrive in Uncertainty and Chaos 1) Take Care of Your Mindset The real reason our confidence fails us is that we allow the external crisis to shake our mindset, rather than requiring our mindset to direct our response to the crisis. “Everything can be taken from a man but one thing: the last of the human freedoms—to choose one’s attitude in any given set of circumstances, to choose one’s own way.”  Viktor E. Frankl, Man's Search for Meaning But abundance comes from your mindset. From your ability to choose your mindset and your response, regardless of your circumstances. At the risk of sharing something too personal, I read this in my devotions yesterday: Abundant life is not necessarily health and wealth; it is living in continual dependence on Me [Jesus]. Sarah Young, Jesus Calling This statement challenged me deeply, as I'd like to think that abundance is in financial security, vibrant health, rich relationships, and vivid purpose. But those things are all external - the result or outflow. I don't have complete control in those areas. What is most important is what's internal: my character, conviction, mindset, and response. That's where I do have control, and it's the most important thing we all need to wrest control of so we don't go off the rails. Abundance starts inside of you. It makes you creative and collaborative, expansive, and full of faith. The antagonist is scarcity, the mean, limiting taker that pits us against each other, wires us in anxiety, and paralyzes us in fear. None of us are immune. But we have to choose abundance to gain confidence, vision, and wisdom for how to respond. Spend time in gratitude. Read inspirational, soul-fueling books. Dedicate time to learning a new skill. Take a course. There are limitless resources and knowledge all around you, and limitless capacity for production. 2) Take Care of Your Health For me, this was a big one! I'll admit, I had a lot of anxiety about this when the world started talking about Coronavirus. Instead of ignoring the news and trying to rise above by focusing on what I wanted, I had to allow myself time to find the answers I needed. I needed to ask real questions and find my footing. How would I stay healthy? How would our family apply social distancing? What would I do if we got sick? When I really leaned into these questions, I discovered that I would continue to use the immune-boosting protocol we always use to protect ourselves from sickness. And if we get sick, we'll treat as much as we can with the same nourishing regiment. I am not a doctor, and what I'm about to say is *not medical advice,* but here's what I'm doing: I am personally committed to healthy sleep habits, a diet rich in veggies with little processed foods, at least a gallon of water a day, and our usual array of vitamins and supplements. We use colloidal silver, oregano and frankincense essential oils, and make sure we eat lots of garlic, onions, and ginger. Getting fresh air, sunshine, and exercise is important to our family. So is laughter, low stress, meditation, and consistent time with God. Whatever your personal choices, take control by prioritizing your health and keep your immune system strong. 3) Adapt to a New Environment At this time, we're adapting to a homeschool, 100% work from home life, with a part-time nanny that we've been so blessed to have in our lives. That means lots more time to juggle responsibilities. Thankfully, our life hasn't changed much, but we don't know if even that is certain going forward. I'm spending more time with the girls, and my work time is wedged into the baby's nap schedule. But I'm finding ways to improve my productivity, be minimalistic in my thinking, and be present with whatever I'm doing at the moment. I'm amazed at how adaptable humans are. Over history, we've found new and better ways to live when our environment changes beyond our control. Be gracious with yourself. You may feel that trying to manage work and home life is a three-ring circus while dealing with the huge burden of unknowns and concern for loved ones, and you're the one about to lose your balance. There's no perfect way to manage this, so don't expect this to look picture-perfect. It's ok to accept a new normal. 4) Take Care of Your Business The main question on everyone's minds is how will the Coronavirus impact my business? Will I be able to keep my doors open? Will I still have clients and customers? What will happen to my supply chain? The main thing here is to maintain your cash flow. Think long-term, not just short-term. You may sacrifice the short-term to be able to stay in operation for the long-haul. Here are a few ideas: Allow employees to work from home to increase productivity. Give employees more unpaid time off to lower payroll costs and boost confidence that they'll have work in the future. Minimize pay now, or have a percentage pay reduction, and make it up later as deferred compensation. Buy gift cards from your favorite restaurants or small businesses to give them an infusion of cash and support their ability to be in business when our culture comes back online. Give employees who stay profit-sharing ownership in the company. Innovation is key here, too, as you find new methods to accomplish your goals. I think the current environment will prove to us all that moving our business online and virtual, and providing products and services electronically is much more necessary. It always seems a huge hurdle until something forces you to adapt. Remember, dollars follow value. Find out how to provide value by meeting the needs of others right now and solving their problems: the need for encouragement, guidance, health products, entertainment, [toilet paper], and groceries. For us here at The Money Advantage, we're online, and all of our conversations with clients are virtual. We're building more tools and increasing our production. In fact, we're putting the finishing touches on our Privatized Banking Secrets course and stretching our creativity and capacity to put it in your hands ... so you can dig deep and really understand Privatized Banking, before you talk to someone. 5) Take Care of Your Money The financial implications of this pandemic are likely further-reaching and longer-lasting than the Coronavirus [COVID-19] disease itself. The markets are crashing, and it looks like we're heading into a recession if it's not already here. Having your financial house in order goes a long way towards bolstering your peace of mind and confidence as well. I know from personal experience living on both sides of that coin. Stabilize and Preserve Your Financial Position with Reserves It's time to preserve and stabilize your personal economy. That means getting as much solid ground, confidence, and a war chest of liquidity. A strong cash position gives you the ability to weather a crisis and take advantage of opportunities when they go on sale during the crisis. I am a believer in always having significant liquidity before investing. Cash allows you to survive down times and take advantage of opportunities that others cannot. Invest from a position of strength.   Some say, "Cash is King" and others say, "Cashflow is King."   I don't see it as one or the other rather, "I want both." Mostly this is semantics, but I think of it as "Cash is King and Cashflow is Queen." The end game is Cashflow, but Cash will help you get there. I like to think of it as a Chess analogy. "Cash is King" because if you lose your King, it's game over. Cash is the one thing that can keep you in the financial game. However, the Queen can be a great offensive player. So both are important. Lucas Marshall, The Money Advantage When the financial systems around you get shakier, it's time that you take control of your future into your own hands. Have at least six months of emergency reserves. Ideally, 12 months or more. If you don't already have it, build it as quickly as possible. By the way, Privatized Banking is the most powerful cash storage tool we've found. You get profound guarantees, competitive compound growth,

https://www.youtube.com/watch?v=bK6cj5VH4_k Most people miss the advantages of whole life insurance because they view it as strictly an insurance product that doesn’t do anything else. But it’s that perspective, not the product, that has the limitations.Do you need to get the highest-quality life insurance you can count on, but you feel like life insurance agents are conspiring against you and sabotaging your success? Do you have questions about the advantages of whole life insurance, or maybe you need some tools to help you? Well, look no further because this article will explain the various whole life insurance advantages, without you having to compartmentalize it as just buying death benefit, separate from the rest of your financial life. Best of all, these seven benefits of whole life insurance will put you on the fast track to success with your life insurance right now. Table of contentsWhere Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System?Advantage of Whole Life Insurance #1: Vault-Like SafetyBuilt-In Strength: Reserves and ReliabilityAdvantage of Whole Life Insurance #2: Competitive Growth on Cash ValueWhy Results Vary From Policy to PolicyAdvantage #4: Tax SavingsAvoiding the MEC TrapAdvantage #5: Gateway to Income-Boosting StrategiesSpend More, Worry Less in RetirementAdvantage #6: Privacy from Creditors and LawsuitsAdvantage #7: Legacy PreserverPros and Cons of Whole LifeFind out MoreFAQs About Whole Life Insurance AdvantagesWhat are the main advantages of whole life insurance?How do the benefits of whole life insurance compare to term life insurance?Can the cash value be used while I’m still alive?Are there tax advantages with whole life insurance?Is whole life insurance worth the higher premiums? Where Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System? Life insurance coverage in itself is just one small part of the bigger journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System. It’s your roadmap to go from just surviving to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance, legal protection, and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. That being said, whole life insurance designed for early cash value AND long-term growth fits the protection layer of creating wealth. At the same time, the Infinite Banking Concept improves every other area of your financial life. Advantage of Whole Life Insurance #1: Vault-Like Safety A whole life insurance policy is a savings vehicle, not an investment product. You can compare it to other savings tools, like checking accounts, savings accounts, money market accounts, and CDs. Similarly, a whole life policy’s cash value is safe because it won’t drop in value. This matters because your cash value is impervious to market crashes and corrections. It won’t drop in value unless you take the money out. And if you take a peek behind the curtain to compare whole life insurance companies to banks, you’ll be impressed here, too. Built-In Strength: Reserves and Reliability Life insurance companies can make these profound guarantees mainly because of their long-term conservative investment strategy and their strong reserves. While many banks are required to keep only 10% in reserves, life insurance companies have more than 100% in reserves. Notably, banks failed 27 times more than insurance companies during the years between 2005 and 2017. During those 12 years, there were 523 bank failures, while only 19 life insurance companies became insolvent. And those companies were small, poorly rated companies. The highly rated companies have stood strong for well over 100 years, through multiple economic crises. Like the FDIC, which insures bank deposits up to $250,000, each state has a Guaranty Insurance Fund (GIF) that insures insurance. This level of long-term security is one of the practical advantages of whole life insurance — especially when compared with traditional savings tools. Top that off with ensuring you’re working with the highest-rated, best life insurance companies. Then, you can be doubly, triply sure that whole life cash value is a savings tool that will guarantee your dollars will be there for you. Advantage of Whole Life Insurance #2: Competitive Growth on Cash Value A properly designed whole life insurance policy doesn’t scrimp on returns. In fact, when compared to other savings-type accounts, its guaranteed cash value benefits can often outperform traditional options over the long term. But most people wouldn’t know that, because typical advisors don’t usually design insurance as savings tools. In fact, when comparing premium payments with your resulting cash values in, say, year 20, whole life insurance policies typically yield an internal rate of return between 3% and 5%. That means that it would have required a consistent, positive, compounded growth rate every single year to turn the cash outlay into that account value. Why Results Vary From Policy to Policy Now, exact cash value growth, in terms of rates, can vary from whole life policy to whole life policy based on age, gender, and habits. But here’s what does matter: the return is after taxes and fees, and it’s in today’s low dividend-rate environment. Historical returns on whole life have been even higher. Let’s put this in perspective. If you could get a 3% internal return in whole life insurance, compared to a 0.25% return in a cash savings account, that’s a full 12x higher return. Not too shabby! And bonus points for whole life insurance: when you access your cash value through policy loans, all of your money keeps growing at compound interest, even while you use your money at the same time.  That kind of uninterrupted growth and flexibility is one of the overlooked advantages of whole life insurance — especially when compared to low-yield savings accounts or taxable investments. So, not only is the whole life’s internal return competitive with other savings tools, but it’s also tax-advantaged and uninterrupted! Advantage #3: Unlimited Access for Your Lifetime Cash Needs If I’m going to stash my cash somewhere that’s safe and growing, I want to be able to access it so I can use it as well. The great thing about cash value is that it is very liquid. You can use your cash value through loans or withdrawals, and in either case, the life insurance company has a contractual obligation to give you the cash. Here’s how paying back a policy loan works. If you have $50K of cash value, you can request a $50K loan. Then they’ll give you $50K of their money, secured against your cash value. The best thing about this is that a whole life insurance policy loan doesn’t have any stipulations or requirements for what you’ll use it for, or whether you deserve it, or how and when you’ll repay. This means you can take a loan at any time, for any reason, without a cumbersome, time-consuming qualification process. And while it does accrue interest, you can pay it back over any period of time. Freedom to Borrow on Your Terms All in all, that means unlimited access to your cash needs throughout your lifetime. This is important because you can literally use the same money over and over again to pay for college, buy a house, purchase an investment, or anything else you might need through a process of taking and repaying policy loans. And, you can also take your money out directly through withdrawals. In that case, you wouldn’t be able to put the money back, and you would pay tax on anything you withdraw above the amount you’ve paid in. Advantage #4: Tax Savings Tax is such a crucial piece of any financial tool because if you’re not careful, gains can be eaten up by taxes, especially in taxable accounts. One of the distinct benefits of whole life insurance is that it’s one of the only tools where you pay tax once, and never again. We call this the triple tax advantage. Here’s how it works. First, I pay tax on my income before I put it into my whole life policy. Then, I pay premiums. My money grows in a life policy tax-deferred. This simply means that I don’t have to pay tax every year on the growth of my cash value component or death benefit.  It implies I’ll have to pay someday … but if I utilize the policy correctly, I’ll never have to pay tax on that amount of money again. That’s because one of the advantages of whole life insurance policy loans is that they are tax-free. And if I withdraw cash, as long as I don’t take out more than what I paid in, I won’t pay tax on the withdrawal. Then, when my beneficiaries – in my case, my family’s trust – get my death benefit, it’s income-tax free. Avoiding the MEC Trap One other thing. To get this triple-tax advantage, you need to make sure your life policy does not become a Modified Endowment Contract (MEC) by having too much premium and too low a death benefit. It’s one of the few technical areas that can affect the long-term advantages of whole life insurance. You would want to make sure your life insurance is designed to keep your policy on the straight and narrow, not veering into MEC territory.  A policy that becomes a MEC loses the tax-advantaged treatment and would be taxable anyway you access and use your money. That’s why this remains one of the most overlooked benefits of whole life insurance — you pay tax on the seed, and not on the harvest. Advantage #5: Gateway to Income-Boosting Strategies Whole life isn’t just an all-star player; it’s like a magic sauce that elevates the rest of the team as well.