BetterWealth with Caleb Guilliams

The AND Asset can be a legacy that can travel with you wherever you go!In today's Better Wealth Breakdown, Dan and I discuss how life insurance is benefiting the  EXPAT Community. The EXPAT movement coined generally for someone who is temporarily or permanently residing outside of America where they have previously lived. Dan shares an example of a client’s journey as they walked through the process of setting up life insurance while living abroad, so they can live out their legacy. Listen as we talk about how you can set up financial assets that can travel with you wherever. Episode Links & Resources: Creditor Protection by State#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

The convenience of a savings account is in safety and liquidity.In today's Better Wealth Episode, I continue my series of episodes  “Where Should I Invest My Money”  as I discuss the framework of how to analyze the best places to invest your money. In the last episode we discussed my ideas on the Roth IRA and the Roth 401K, but today I look at savings accounts. Listen as I walk through the pros and cons of savings accounts comparing them alongside the 11 attributes of a perfect investment. Join me on the BetterWealth YouTube Channel to see the whiteboard examples in this episode.  Safe (Low Risk): Your money suffers little to no risk of loss.Liquidity: Your money is accessible for emergencies or opportunities.Growth: Your money multiples at a competitive rate of return.Passive Cash-Flow: Your money produces income on it’s own. Leverageable: You can use your money as collateral.Private: Your money grows without restrictions and has creditor protection.Tax Deductible:You can subtract any money you put into the account from your taxable income.Grows Tax-Free: Your money grows without being taxed.Tax-Free Distribution: You can access your money without paying taxes on it.  Protection/Legacy: You are provided for in the event of tragedy and are self completing. No Contribution Limits: You have no limits on how much you can fund in the asset. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Episode #162: Wealth Building with Taylor Welch #BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Your brand should either compel people or repel people!In today's Better Wealth, I had the privilege of interviewing my good friend Ellis Hammond, Founder of Kingdom REI. In this episode Ellis and I share an upcoming event in which both Ellis and I will be speaking about the power of your story. Listen as Ellis shares his story from being a broke pastor and missionary with an entrepreneur passion and has brown his very own company, coaches and runs his own REI group and has been sharing his unique story with thousands. Listen as we discuss Ellis' upcoming event in which I have the privilege of being one of his speakers. Guest Bio: Ellis Hammond has quickly made a name for himself in the commercial real estate industry. He is the founder of Kingdom REI, the #1 mastermind community for faith-based real estate operators and host of the kingdom REI podcast. He is also the CEO of Hammond Equities where he manages the first ever faith-based multifamily syndication fund, focused on transforming the lives of residents while providing a great return for investors. ThinkRealty also named Ellis Multifamily Investor of the Year in 2020. Guest Links: Learn more about Ellis Hammond & Kingdom REIhttps://ellishammond.com/ #BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Sometimes models are off balance simply because there is no accountability. In today's Better Wealth Episode of ‘From the 'Frontlines’  where Jereme and I discuss another case study and give examples of how we are serving people on the frontlines. In today’s case study we discuss tax advantage pension plans for Mr. & Mrs. Smith. Listen as Jereme describes the process of making decisions doesn’t start with working forward with where you are now, but rather “taking a step back” so we can look down the road to discover your why so you can build a framework of where you want to go...then plan because we started with the end in mind. Listen as we discuss how Mr. & Mrs. Smith’s model was off balance at first glance. Sometimes models are off balance simply because there is no accountability, but once there was accountability see how we discovered thousands of dollars they were not even aware of in their tax advantage pension plan. #BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Without leadership, nothing happens!Episode Description: In today's Better Wealth Episode, I had the pleasure of interviewing Andy Wyatt, author, coach and CEO of Andy Wyatt Leadership LLC, a company developing leaders around the world through coaching. In today’s world of hundreds of leadership guru’s, Andy shares his authentic value that “Wise, caring, balanced servant leaders are good leaders, and good  leaders produce good results!”  Without leadership, nothing happens! Listen as Andy dives deep into his new leadership book Pro-Leadership: Establishing Your Credibility. Andy believes that leadership development first starts with looking at what he calls your “backstage” and says it's important to “Excavate before you Elevate!” Andy challenges listeners to win the day by managing your focus and constantly asking “Is This Important NOW?” I talk with Andy about his unique leadership development process and reflect back on how valuable it has been to me and the foundation of my leadership role at BetterWealth. Guest Bio: Andrew Wyatt Leadership LLC, develops leaders around the world through coaching, speaking, training and consulting: CEO entrepreneurs, leaders and their companies. Andy is the Author of Pro Leadership, Establishing Credibility, Building Your Following and Leading with Impact, published by Morgan James in February 2021. In addition to writing and speaking, Andy coaches one on one, leads Pro Leadership Mastermind Groups, Masterclasses, Seminars and Retreats.  Andy also founded Andrew Wyatt Leadership and he is Head Coach & Managing Partner.  He did so after completing 24 years as Founder and CEO of Cornerstone Capital Management LLC. Andy founded Cornerstone as a private wealth management business in 1993. When Andy left Cornerstone in 2017, the firm had grown to over $15 billion in assets under management, serving institutional clients through four investment teams with offices in Minneapolis and New York.  Prior to Cornerstone, Andy was Vice President and Portfolio Manager at Investment Advisers, Inc. At IAI, he gained extensive investment experience working with both institutional and individual clients in the management of their financial portfolios. He graduated from the University of Minnesota with a Bachelor of Science degree in agricultural economics with a concentration in futures trading. His vision, passion, and energy resulted in an unwavering commitment to helping clients achieve their financial objectives by creating a high- performance culture that attracted and rewarded the best financial management talent in the industry.Andy has been married to Luann for 35 years and they have three grown children, Claire, Joe and Maggie. He also has a West Highland White Terrier named Winnie.Guest Links: Check out Andy’s New Book:Pro-Leadership: Establishing Your CredibilityLearn More About Andy:Andy Wyatt LeadershipInstagramLinkedIn#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

It’s clear as mud!!!In today's Better Wealth Breakdown, Dan and I reflect back to our last episode where we spoke on the MEC - Modified Endowment Contract and now we discuss part 2 which is the 7-Pay test. As defined the 7-pay test determines whether the total amount of premiums paid into a life insurance policy within the first 7 years is more than what was required to have the policy considered paid up in 7 years, policies become MECs when the premiums paid to the policy are more that what was needed to be paid then the 7 year time frame. It’s clear as mud!!! Listen as Dan and I break down this definition and how policies can be created to be efficient using the 7-pay test.  Episode Links & Resources: Episode #286: MEC - Modified Endowment Contract#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

The underlying framework of knowing where to invest your money is first knowing your desired outcome. In today's Better Wealth Episode, I continue my series of episodes “Where Should I Invest My Money” as I discuss the framework of how to analyze the best places to invest your money. In the last episode we discussed how to identify and compare different assets. Listen as I define the Roth IRA and the Roth 401K and then take you through the framework of evaluating these two accounts. Safe (Low Risk): Your money suffers little to no risk of loss.Liquidity: Your money is accessible for emergencies or opportunities.Growth: Your money multiples at a competitive rate of return.Passive Cash-Flow: Your money produces income on it’s own. Leverageable: You can use your money as collateral.Private: Your money grows without restrictions and has creditor protection.Tax Deductible:You can subtract any money you put into the account from your taxable income.Grows Tax-Free: Your money grows without being taxed.Tax-Free Distribution: You can access your money without paying taxes on it.  Protection/Legacy: You are provided for in the event of tragedy and are self completing. No Contribution Limits: You have no limits on how much you can fund in the asset. Episode Links & Resources: Episode #279: The 11 Attributes of a Perfect InvestmentEpisode #284: Should I Invest In My 401K#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Does solar investments make sense….financially?In today's Better Wealth Episode, I had the pleasure of interviewing Jimmie Jayes, co-founder of Authentic Networker, an international community of in-person networking groups spanning 71 cities across 5 countries, and solar advisor. Jimmie talks a little about his experience in networking and how he has used networking to serve people and increase sales. In today's episode we correlate solar power to investment power, by describing how solar power can optimize money. Jimmie describes why when money lost on utility bills also creates a loss of control of your money and the potential compounding of your money.  Jimmie explains how solar investments are essentially assets that optimize your money by creating value to your home, has federal tax incentives and can develop cash flow. Listen as Jimmie dives deeper into the details, the process and the benefits of solar. Learn more about Solar at Bankwithsolar.com.Guest Bio: Jimmie Jayes is a connector, educator and solar advisor. As a connector, Jimmie is the co-founder of Authentic Networker, an international community of in-person networking groups spanning 71 cities across 5 countries.  As an educator, Jimmie has helped tens of thousands of entrepreneurs with his online courses and workshops. He has also trained 1,000+ facilitators to run meetup groups around north america, including hundreds of "cash flow clubs". As a solar advisor Jimmie helps homeowners take control of their power, and turn their electric bill into a cash flowing asset.Guest Links: Bankwithsolar.com Authentic Networker Online#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Leveraging the AND Asset in activities that produce more assets!In today's Better Wealth Episode of From the Front-lines, Jereme and I have been bringing you several episodes where we focus on case study from people we are working on the front lines. In today’s case study we discuss how Mr. & Mrs. Smith have developed over time a lifestyle of savings, tracking money, increasing income, and utilizing AND Assets. We are excited to share with you some details of the model that has made this model balanced, but more importantly how this family has developed a household economy that is achieving intentional living. Listen as Jereme shares the model of a family who are using the AND Asset in more than one way to save money, make money, and through protection establish financial legacy.  Episode Links & Resources: www.betterwealth.com #BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

Your savings rate is the biggest leverage you have!In today's Better Wealth Episode, I had the pleasure of interviewing Rachel Richard, former financial advisor and real estate investor, who now has written two incredibly successful books about money. Listen as Rachel shares her story of becoming a lover of finances and money, budgeting, savings and financial prosperity.  Rachel describes how your savings rate is the biggest leverage you have to financial independence. Rachel is always challenging people to try to increase your savings percentage! Listen as Rachel talks about making a difference in your financial situation by both increasing your income and decreasing your spending at the same time. Financial change comes with the mindset of  delayed gratification, according to Rachel. I also ask Rachel to dive deep into the why that drives her passion for finances and how it influenced her books. Listen as she shares concepts in her books such as savings, budget, debt, financial mindset. Guest Bio: At the age of 27, Rachel Richards quit her job and retired, living off $15,000 per month in passive income. Rachel is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She is a former financial advisor and a real estate investor with almost 40 rental units. By making the topic of money management fun, entertaining, and simple, Rachel has helped thousands of millennials work their way out of financial despair.Guest Links: Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together by Rachel RichardsPassive Income, Aggressive Retirement: The Secret toFreedom, Flexibility, and Financial Independence (& how to get started!) by Rachel RichardsFREE Budgeting Sheets from Rachel#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor