BetterWealth with Caleb Guilliams

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

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