BetterWealth with Caleb Guilliams

Each company has their own interpretation and definition of a MEC. In today's Better Wealth Breakdown, Dan and I discuss a Modified Endowment Contracts, also known as a MEC. Listen as we review how we take life insurance but give it a superpower  by over-funding and maximize the cash with a result of keeping the tax benefits of a life insurance policy. While all companies have different definitions and interpretations of MEC listen to our description of a MEC, how we design the policy and purpose of how to most efficiently utilize the policy. #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

What you most value should be a big part of how you analyze investments and assets like the 401K.In today's Better Wealth Episode, I set up the framework that will be giving you clarity on making better decisions regarding whether you should or shouldn’t invest in a particular asset. Today I focus on using that framework to evaluate the 401K, which is a tax advantage defined contribution account offered by many employers for their employees. In our framework we look first at the clarity of what you want in life. Then you need to understand what an asset is and it should be something that is helping you get closer to your ideal life. Finally, we analyze the outcome of your assessment. Once we know our outcome if we hold the 401K up to the 11 Attributes of “The Perfect” Asset how well does this 401k hold up to these attributes?The 11 Attributes of “The Perfect” Asset:Safe (Low Risk) - Your money suffers little to no risk of loss. Liquidity (Control) - Your money is accessible either for emergencies or for opportunities. Growth - Your money multiplies at a competitive rate of return. Passive Cash-Flow - Your money produces income on its own. Leverageable - You can use your money as collateral.Private - Your money grows without restrictions and has creditor protections. 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 to how much you can fund in this asset. Episode Links & Resources: Episode #279: The 11 Attributes Of A Perfect InvestmentEpisode #192: Avoid Retirement Risk with Distribution Expert Wade PfauEpisode #221: How Consumers Became Savers with the Father of the 401K, Ted BennaEpisode #231: How To Create Your Retirement Income Strategy with Jason SangerThe 11 Attributes of “The Perfect” Asset:Safe (Low Risk) - Your money suffers little to no risk of loss. Liquidity (Control) - Your money is accessible either for emergencies or for opportunities. Growth - Your money multiplies at a competitive rate of return. Passive Cash-Flow - Your money produces income on its own. Leverageable - You can use your money as collateral.Private - Your money grows without restrictions and has creditor protections. 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 to how much you can fund in this asset. #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

Poking the Bear….. Hedge-funds vs. “Reddit” Retail Investors!In today's Better Wealth LIVE, Dan Kaminski joins me in today's BetterWealth LIVE as we discuss the current affairs of GameStop, and Hedge-funds vs "Reddit" Retail Investors!  Listen as Dan breaks down some of what has been going on with GameStop, Reddit, Robinhood and what “the short squeeze” is doing to the market! Join us as we discuss this current hot topic that will make it into the history books.#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

Inflation changes everything!!!In today's Better Wealth Episode of From the Frontlines, 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 we help Mr. & Mrs. Smith, our clients, maintain their buying power in the future by factoring inflation into their model. Listen as we discuss actual numbers of how inflation can dramatically change the future of your financial planning and what might happen if you don’t account for inflation in your future. #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 media won't report this…. BUT Banks and Corporations own Life Insurance!In today's Better Wealth Episode, I had the pleasure of bringing back Barry Dykes for his second interview on the podcast as he discusses BOLI (Bank owned life insurance), de-risking using life insurance, and invasion of the communist funds: the passive funds. Listen as Barry dives deep and reveals some amounts of life insurance owned by some big banks, why it is most banks Tier One Capital, and why life insurance is one of the best assets banks can own. We discuss COLI (Corporate Owned Life Insurance) and how companies are using life insurance to de-risk and risk management. We also discuss passive investing and why Barry calls it the invasion of communist funds. I even ask him a question about Bitcoin. Barry encourages listeners to really research and learn on how things like this really work. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Episode #132: “The Pirates of Manhattan” with Barry DykesFDIC: Federal Deposit Insurance CorporationOther People’s Money by Louis D. BrandeisRequiem for the American Dream (Documentary)  Guest Bio: Barry Dyke is the author of “The Pirates of Manhattan" selling more than 100,000 copies his book illuminates the corruption within the U.S. financial service industry. Barry is the President of Castle Asset Management, who for more than twenty-five years has practiced financial planning, founded a pension consulting business, a third-party administration firm, a health & welfare consultancy and a registered investment advisor.Guest Links: Learn more about Barry James Dyke - https://www.barryjamesdyke.com/Castle Asset Management (CAMNH.COM) Pirates of Manhattan by Barry DykeThe Guaranteed Income by Barry Dyke#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

Trying harder isn’t necessarily the solution to achieving more!In today's Better Wealth Breakdown, Dan and I discuss a book by Price Pritchett in his books “You2: A High Velocity Formula for Multiplying Your Personal Effectiveness at Quantum Leaps.” Listen as we discuss a story in the book about a fly that was determined to enter a car by slamming into a window over and over when 12 inches away the window was open. Dan and I discuss the impactful reality of that story in peoples’ lives today that are trying harder and harder to achieve a fraction of what others have, but are failing because they aren’t willing to take a step back and think in a different light. What ways could you get different results in what you are doing?#BETTERWEALTHEpisode Links & Resources: You2: A High Velocity Formula for Multiplying Your Personal Effectiveness at Quantum Leaps by Price Pritchett#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

Not all assets are created equal!In today's Better Wealth Episode, I answer a very common question I get here at BetterWealth on “Where should I invest my money?”  Today I will walk you through the process of how we coach clients and work through the pros and cons of decision making when you want to invest your money.  Assets are not all created equal and we want to be sure that whatever we do with our money it is helping us live more intentionally. Listen as I talk about three questions you should be answering when looking at assets and investments: What is your ROR, your clarity in life? - What would you do if money wasn’t an issue? What is an asset? - An asset is a resource with an economic value that will provide a future benefit. Is this asset getting you closer or farther away from what you want in life? What outcomes do you want? -  What is your outcome, do you want that will help enhance what you really want in life, your ROR? Listen as I also walk you through the 11 attributes to a perfect investment that you should be looking at and prioritizing as you consider an asset/investment.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.#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

If you are a financial professional, advisor or agent you don’t want to miss this episode!In today’s episode I have the privilege of interviewing Jeremiah Desmarais is a 23-time award-winning financial marketer, speaker, author and CEO of Advisorist, an effective financial marketing company.  His work has generated over two million insurance leads and helped advisors in over 51 countries generate over $300M in sales commissions. Labelled “One the greatest marketing minds in the financial industry”, Jeremiah is a sought after speaker, coach and private mentor to insurance and financial advisors, and countless marketing organisations.Last year Jeremiah put on a virtual summit that was a record-setting event, with over 6,000 registrants and over 20 speakers! It was an event so massive, it’s being certified as the largest online event of its kind for financial advisors. I had the honor to be asked to be part of this years 2021 Virtual Financial Advisor Summit coming in February. The Advisor Summit is FREE to attend!Jeremiah Desmarais joins me today LIVE as we discuss the summit details and gives us a sneak peak of the practical tools, and strategies to build and maintain a virtual practice!Sign-up today for the FREE Virtual Financial Advisor Summit on February 10th! #BETTERWEALTHGuest Bio: Jeremiah Desmarais is a 23-time award winning financial marketer, a TED speaker and philanthropist. He’s been featured on Forbes, CNN, and Worth. His work has generated over $2 million insurance leads and helped advisors in over 51 countries generate over $300 million in sales commissions. He’s been labeled one of the greatest marketing minds in the financial industry. He’s a sought after speaker, coach and private mentor to Advisors, carriers and marketing organizations. He was key in building one of the top 17 fastest growing insurance software companies in the country on the Inc 500 list in less than three years, hitting a record 1500% growth. He then turned around the marketing systems at a multinational insurance automation firm to increase sales by $26,000,000 in just nine months, tripling sales prospects in 60 days, and the firm was sold for $1.2 Billion dollars shortly thereafter.Guest Links: Check out more on Jeremiah:AdvisoristCheck out Jeremiah's Book "Shift: Digital Marketing Secrets of Insurance Agents and Financial Advisors”#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 interactions, inspiration, encouragement and chastisement that we bring to the table is a coaching philosophy that focuses back on what in life really matters!In today's Better Wealth Episode of From the Frontlines, Jereme and I have been bringing you several episodes where we focus on case study from people we are working with on the front lines and who are in our Unlimited program. In this fifth case study we look at a situation with Mrs. Smith who is walking through multiple financial life changes such as being divorce, raising kids, and starting a new career path. Listen as Jereme walks through her situation on the model, describes the hard work of tracking money, paying off debt, savings, and how she is setting herself up to do what she loves to do and leave a legacy for the future. Follow along as Jereme describes how we use the model when serving Mrs. Smith and why the model has been a pivotal piece to bringing reassurance, clarity, efficiency and hope in the middle of her divorce. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: BetterWealth AssessmentBecome an Unlimited Member, Walk Through Your Model, and Get Great Financial Coaching!#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

Unlocking intentional living with three generations of the AND Asset. In today's Better Wealth Episode, I had the pleasure of interviewing David Shirkey, CFO and Director of Strategy of Orbitform, and serves as a project manager, engineer, and regional sales manager.  Listen as David talks about his personal journey in 2017 of financial education when he begins to learn about tax efficiency, cash flow investing, leverage, bank using life insurance, control and his discovery of the power of the AND Asset.  David describes his initial “luke warm” feelings about his own family life insurance policies and how the mindset changed from “just a protection” asset to a power tool that went beyond protection, but Unlocked beer abilities to use, control, compound and develop an incredible legacy.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Becoming Your Own Banker: Unlocking the Infinite Banking Concept by Nelson NashThe Secret Asset by David D’ArcangeloGuest Bio: David Shirkey has worked at Orbitform for over 15 years in capacities including CFO, project manager, engineer, and regional sales manager.  He currently serves as Orbitform’s Director of Strategy, where he leads growth initiatives including new products, new services, acquisitions, and/or other investments.Prior to joining Orbitform, David worked at Chrysler as a manufacturing engineer and production supervisor in several Chrysler facilities around the USA.  David also leads the Shirkey family office.  As part of the family’s second generation, his role with the family office includes; identifying and researching investment opportunities, tracking investments, financial reporting to the family, organizing family events, and keeping mom/grandma happy.David received his MBA from the University of Colorado in Boulder, CO and his BS/MS in Mechanical Engineering from Oakland University in Rochester, MI.#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