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BetterWealth with Caleb Guilliams
7 minutes | 12 hours ago
Back To The Basics: Compound Interest
The Eighth Wonder of the World is Compound Interest. In today's Better Wealth Episode, I breakdown the fundamental principles and basics of compound interest. Join me on YouTube for the visual of why compounding interest is pivotal in our strategies here at BetterWealth. I walk through 3 basic elements needed and the power and beauty of compound interest overtime. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
20 minutes | 4 days ago
Americans Will Spend $1 Trillion on Christmas: A Black Friday Edition
Americans will spend over $1 Trillion on Christmas while many will accumulate over $1000 in debt. In today's Better Wealth Episode - BLACK FRIDAY EDITION, Mariah and I sit down to discuss some mind blowing stats about how much money will be spent at Christmas this year. While two of the biggest days for consumerism are today, Black Friday, and Cyber Monday, Mariah and I wanted to discuss some of the studies on how much Americans will spend on Christmas and some of the other surprising facts around gift giving at Christmas. Listen as we discuss our own personal experiences with Christmas, budgeting, and giving. As we open our eyes up to financial efficiencies we challenge listeners to evaluate their purpose for giving, their financial situation and how they can make Christmas less of a financial burden to your family economy. Be sure to check out these studies and stats below. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: World Economic Forum: Christmas by the Numbers: 5 Facts About Holiday SpendingThe Ascent: Study: 2019 Christmas Spending StatisticsMagnify Money: Americans Rack Up $1325 in Holiday Debt in 2019 And Most Won't Pay It Off In Time Market Watch: Here’s How Long It Will Take Americans To Pay Off Their Christmas Debt
20 minutes | 5 days ago
A BetterWealth Thanksgiving Edition
Happy Thanksgiving to the BetterWealth Community! We are grateful for you!In today's Better Wealth Thanksgiving Episode, I take a few moments to share my gratitude for the BetterWealth team and those who are behind the scenes helping this company show up powerfully in the lives of those we serve, to our listeners, our families, and our community. I am overwhelmed by the team that genuinely serves alongside me and those who have partnered with us to help share our vision. I also am extremely grateful to our clients, our listeners, to our supporters, to advisors and anyone else who has pushed our message and mission out, who has given us feedback to help us grow, and to those who have come alongside us in our mission to impact 1 million people by 2025! Thank you and Happy Thanksgiving!#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
33 minutes | 6 days ago
How To Create Leveraged Impact Through Book Publishing with Chandler Bolt
Leveraged Impact comes from doing work once, like writing a book, and sending it out into the world to impact thousands of people.In today's Better Wealth Episode, I had the pleasure of interviewing Chandler Bolt, investor, advisor and CEO of Self-Publishing School, an online education company that teaches people how to write & publish a book in as little as 90 days. Chandler shares his unique story of finding clarity and direction through the loss of a friend, and his discovery of life urgency which propels the success of what he does today. Chandler shares with us his mindset of Leveraged Impact which is moving from the one-on-one impact level to the one-to-many philosophy. Chandler helps thousands of people learn the skill of writing books to develop their own leveraged impact. I ask Chandler to dive into his 24 Hour Book Writing Challenge and the steps he suggests that can help easily write a book. The Course Steps Chandler Works through are Step 1.) Mind Map 15min Check out the Mind Map Template, Step 2.) Turn that Mind Map into an Outline and, Step 3.) Write the Book. I ask Chandler about mistakes he sees with people trying to write books and he shares with us these three biggest mistakes: You can’t edit while you write! You can only write one book at a time! Don’t Co-Author with your first book. Be sure to check out Chandler’s offer to our listeners and be sure to check him out if you plan on writing a book!#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Guest Bio: Chandler Bolt is an investor, advisor, the CEO of Self-Publishing School & SelfPublishing.com, and the author of 6 bestselling books including his most recent book titled “Published.”. Self Publishing School is an INC 5000 company the last 3 years in a row as one of the 5,000 fastest-growing private companies in the US. Chandler is also the host of the 7 Figure Principles Podcast and the Self Publishing School Podcast. Through his books, podcasts, YouTube channels, and Self-Publishing School, he’s helped thousands of people write a book that grows their income, impact, and business. Chandler’s brother Seth Bolt plays in the Grammy-Nominated Band NEEDTOBREATHE. Self Publishing School:Self-Publishing School is an online education company that teaches people how to write & publish a book in as little as 90 days. We transform the lives of purpose-driven individuals by helping them write and publish a book. Our mission is to help 100,000 people publish their book by 2029 thus impacting 120M+ people through "Leveraged Impact. (I explain this in my TEDx talk here: https://youtu.be/sHfrvpgDsaw) Self Publishing School is an INC 5000 company the last 2 years in a row as one of the 5,000 fastest-growing private companies in the US (2018: #2,699 and in 2019: #1,483). We were also recognized as one of the fastest growing companies in California and ranked at #172. Guest Links: Free Copy of Chandlers Book “Published”Webinar Workbook *Includes Mind MappingWork with Chandler's Team & Schedule a Free 30min CallSelf Publishing School podcast 7 Figure Principles Podcast
5 minutes | 7 days ago
The IRS Rule of 55 | Emergency Benefits For Ages 55+
Withdrawing from your 401k without the 10% penalty in the IRS Rule of 55. In today's Better Wealth Breakdown, Dan and I talk about the IRS Rule of 55 which states after you turn 55 and up to 59 years old you can withdraw money from your 401k or 403b if you are laid off, fired, or quit your job without the 10% penalty. Listen as we break down the catches, restrictions, benefits, options, and possibilities. We are not giving investment advice please be sure to consult your investment advisor or your tax professions.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
10 minutes | 8 days ago
What Aaron Rogers Can Teach You About Money
Making opportunities, when it looks like there aren’t any, can bring big success.In today's Better Wealth Episode, I discuss the concept of the FREE PLAY. I share my love for the Greenback Packers and the best quarterback of all time, Aaron Rogers. What makes Aaron Rogers so special is his confidence and use of the “Free Play” which is the ability to make an opportunity happen when it seems like there aren’t any. One of the best ways to build wealth is by playing conservatively and taking advantage of opportunities with massive upside and eliminating the downside loss. Are you looking for opportunities and do you have the ability to act?#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
35 minutes | 11 days ago
How An X-Ray Can Develop Financial Organization with Jen Fontanilla
The real root of wealth building is.... Organization! In today's Better Wealth LIVE, I am joined again by Jen Fontanilla as we focus on the topic of financial organization. But first, she shares her honest reflection about being part of the team and what her experience has been since she joined BetterWealth. I ask Jen to discuss what it means to be financially organized and some of the biggest problems people have in organizing their finances. Jen was key in helping us develop a process we call The X-Ray. Using a Financial Assessment we can serve people by creating a Financial Diagnosis X-Ray. Listen as we walk through the X-Ray process and why it is so beneficial to financial organization. Be sure to grab your copy of the Financial Assessment Worksheet and follow along with us! We would love to get your feedback!#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Get Your Copy of Our Financial Assessment Worksheet
12 minutes | 12 days ago
The AND Asset Explained
Mathematically the AND Asset makes every other financial plan more optimal. In today's Better Wealth Episode of From the Frontlines, I ask Jereme to share with us the unique way he describes life insurance when working with people on the frontline. Jereme attributes life insurance to being like a swiss army knife, a warehouse, a hammer or any tool that when used properly can do multiple different things. Jereme describes how life insurance works as the only tool that can give your money more than one job. Listen as we discuss how Life Insurance can protect you, why it’s a great place to storehouse your capital, how it can grow your money, and mathematically why it can optimize other financial plans. Here at BetterWealth we call Overfunded Whole Life Insurance the AND Asset, because when set-up and used properly it can be the key that unlocks multiple possibilities. When you live intentionally you don’t have to choose between saving your money OR using it, here at BetterWealth we teach you how you can save your money AND use it at the same time. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
50 minutes | 13 days ago
How To Create Your Retirement Income Strategy with Jason Sanger
The purpose of all wealth building culminates at one point, Retirement Income Creation.In today's Better Wealth Episode, I had the pleasure of interviewing Jason Sanger, President and Creator of Wealth Building Cornerstones, a company dedicated to provide individuals and families simple, easy to understand, processes that maximize the use of their money for wealth building and protection. Jason shares his story from the world of engineering to the world of finance. Listen as he explains how to create a retirement income generation path. Jason also describes the history of what he calls “The Two Economics Powers Approach” and why people are getting a rude awakening once they hit retirement. Jason gives us an incredible in depth look at retirement, why having a metric of measurement allows for you to understand your retirement option, create the most efficient strategies that will work for you. He shares why the methods to create retirement plans can be greatly impacted by the product and its ability to balance both the “accumulation power” and “distribution power” thus impacting the legacy of your retirement. Join me as Jason gives incredible insight on the math, the measurement, the history, and the strategy behind educating, building and developing retirement strategies for a retirement that creates income until the end. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Guest Bio: Jason Sanger is the creator and President of Wealth Building Cornerstones. Wealth Building Cornerstones was developed through working with individuals and families. The objective of the system is to provide individuals and families with a simple, easy to understand, powerful process that maximizes the use of their money for wealth building and protection. Jason earned his degree in Civil Engineering and began his career in that field. As he made the transition to becoming a Financial Advisor, he brought the engineering mindset with him which led him to create Wealth Building Cornerstones. The system provides a "begin with the purpose in mind approach" that brings objectiveness and clarity to financial decisions. Jason enjoys spending time with his family, playing sports, hunting and fishing.Guest Links: Wealth Building Cornerstones
10 minutes | 14 days ago
How To Make Over 3000% Using Life Insurance (Cow Flipping)
Controlling capital is more important than “Rate of Return” because when you control capital you can go and get a higher rate of return. In today's Better Wealth Breakdown, Dan and I talk about how you can make over 3000% using life insurance to buy cows. Today we reflect back to Gregg Heilema, co-founder of BetterWealth, and explain his example of controlling capital, using the AND Asset, to get a higher rate of return by purchasing cows. Listen as we share with you his simple yet beneficial approach to controlling capital and making over 3000%. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Episode #12 “GoodBye Old Friend” with Gregg Hielema
8 minutes | 15 days ago
My Thoughts On Joe Biden Being The Next President
Focusing on the news and negativity that comes from the news can kill your productivity and future ability to impact.In today's Better Wealth Episode, I share with you the thoughts I had when the news announced Joe Biden as the next President. In reading 7 Habits of Highly Effective People by Stephen Covey and remembering what my mom told me when I was a kid, I began to think “Focus on what you can control and don’t put your identity in what you can’t control.” We can easily become frustrated and focused on the negativity of the news and become consumed, thereby killing our productivity and the future ability to impact. Listen as I share how I refocused on the goals of BetterWealth, my hopes to potentially inspire future presidents, and how I can show up more positively in my world today.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: The 7 Habits Of Highly Effective People by Stephen Covey
43 minutes | 17 days ago
Who Am I After Sports with Darryll Stinson
An athlete’s guide to discovering new purpose and to live fulfilled. In today's Better Wealth LIVE, I have the pleasure of sitting down with Darryll Stinson, founder of Second Chance Athletes, a company dedicated to helping athletes grieve sports, and build a life they enjoy more than being an athlete. He’s recently authored the book Who Am I After Sports? We sit down together as Darryll shares his story, his new book and his mission to teach former athletes how to find their highest purpose, live in a mentally healthy way and develop successful habits which allowed them to advance in any chosen career. Join me as we welcome Darryll to our LIVE Episode and be sure to check out his website to get a copy of his new book. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Guest Bio: Darryll Stinson is a dynamic motivational speaker, author and Founder of Second Chance Athletes. He founded Second Chance Athletes, which helps athletes grieve sports, and build a life they enjoy more than being an athlete. He’s the author of Who Am I After Sports? An Athlete’s Roadmap to Discover New Purpose and Live Fulfilled, which helps athletes, and anyone in a season of transition, detach their identity from their activity, find their highest purpose and build a fulfilling future. Darryll also hosts the When I Said YES! Podcast, and has been featured on Fox, ABC8, NCAA, TEDx and some of the top podcasts in the United States. After going from suicidal to successful, Darryll uses his experience to help others shed their past stories, and create multiple streams of income that align with their highest purpose so that they can impact more lives and build a lasting legacy. When he is not working, Darryll enjoys rapping, reading, entertainment, music, sports and spending time with his wife and three beautiful daughters. #girldadGuest Links: Get a copy of the book “Who Am I After Sports” by Darryll StinsonLearn more about Darryl Stinson at Second Chance Athletes
16 minutes | 19 days ago
Better Off Dead
If you are building wealth you have to protect the sources that are making that possible.In today's Better Wealth Episode of From the Front Lines, Jereme and I talk about Disability Insurance and why it's important when building wealth to protect the sources that are making your wealth possible. Statistics show that you are 10 times more likely to have a chronic illness and/or a disabling injury than you are to have a premature death. When you have a household economy where your cash flow is the lifeline of the economy then what happens when that cash flow is cut off? Listen as Jereme lists the 3 ways people deal with risk. We walk through disability insurance, how it is structured, the tax benefits, and how to apply for the benefits. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
73 minutes | 20 days ago
Richer Than A Millionaire with Dr. Bill Danko
Self imposed economic scarcity is the ability to divorce yourself from the beckoning call of society to consume for happiness. In today's Better Wealth Episode, I had both the privilege and honor of interviewing Dr. William Danko who is a former emeritus professor of the School of Business and co-author of The Millionaire Nextdoor selling more than 4 million copies. Bill discusses his story of growing up after his father's death, his mom’s strength as a single parent, the care of a quadriplegic brother, and how all that led to a passion for frugality and legacy. Listen as we talk about strategies in his book such as “Paws and the Uaws”, Self Imposed Economic Scarcity, Scarcity vs. Abundance, Budgeting, and Economic Outpatient Care. We also review his new book Richer Than a Millionaire, discussing his construct of the “Subjective Well Being Scale”, Satisfied vs Unsatisfied, Passion, Taxes, Frugality, Avoiding Debt, Being Humble, Being Charitable, Having a Good Marriage, Having Good Health, Stewardship, and why millionaires that are happier are those that give more of their time and money to charity. Dr. Danko’s first book was what inspired me to begin my job at the bank and his second book is just as inspirational. It has been an honor to glean wisdom from this incredible interview with Bill. Be sure to pick up a copy of his new book Richer Than A Millionaire. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Guest Bio: After 31 years on the marketing faculty - nine as chair - Bill Danko achieved emeritus status in 2007 at the School of Business, State University of New York at Albany. During his tenure, he studied consumer behavior, and in particular the topic of wealth formation. He is the coauthor of The Millionaire Next Door, a research-based book about wealth in America that has been ranked as a bestseller by The New York Times for more than three years. More recently, he co-authored Richer Than A Millionaire ~ A Pathway To True Prosperity, a book that shows how to build wealth with a greater purpose in mind. His academic publications have appeared in the Journal of Consumer Research, Journal of Business Research, Journal of Advertising Research, and other leading journals. He has presented his research findings in nearly every State, as well in Australia, Canada, Germany, Poland, Switzerland, and Taiwan. Dr. Danko earned his Ph.D. at Rensselaer Polytechnic Institute’s (RPI) Lally School of Management in 1983. He resides in upstate New York with his wife, and is the father of three adult children, and the grandfather of five.Guest Links: RicherThanAMillionaire.comThe Frugal Life of a Millionaire
6 minutes | 20 days ago
How Fractions Can Change Your Business
Making decisions as a company should not be built on assuming what people want, but rather ASKING people what they want.In today's Better Wealth Breakdown, Dan and I talk about the 1972 McDonald's Quarter Pounder and how fractions lead to their success and the competitor that lost. Reflecting on this story we discuss why assuming what people want can be a dangerous business decision and why it can have big negative risk. When businesses stop assuming, but just ask what their clients/customers want, they can deliver in a big way. Here at BetterWealth we are continually asking “What do you want?” How may we serve you better? We would love to hear from you please email firstname.lastname@example.org and send us your feedback. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Contact us at email@example.com
12 minutes | 22 days ago
The CONS of Overfunded Life Insurance
Before you get into a strategy like the AND Asset you need to be aware of the CONS of over funding Life Insurance. In today's Better Wealth Breakdown, I discuss the CONS of over-funding life insurance. When Life Insurance is set-up and used properly it can be an incredible tool. At BetterWealth when we work with people we are completely honest with the CONS that we face with the AND Asset strategy. Listen as I describe 5 CONS to over-funding life insurance: 1.) Health, some people can’t qualify because of health but there are ways around that 2.) Short Term Cash Liquidity 3.) Premium Payments in policies that work need at least 10k a year 4.) Thinking of the Strategy as an Investment 5.) Short Term Protection and Death Benefit. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Visit our Website to get your very own copy of Caleb’s book “The AND Asset”
12 minutes | 24 days ago
Why Our Education System Is Failing Us
When thinking about education we need to be completely clear on our Why.In today's Better Wealth Episode, I sit down with Dominic Rufran, one of our BetterWealth Coaches, as we discuss the topic in one of his Linkedin videos, Education. Join us on YouTube to see the video for yourself. Dominic and I discuss our own college experience but also discuss the shocking statistics in educational debt, future cost potential and financial consequences people face today from past educational choices. We ask our listeners, those advising children towards college or those seeking to attend, “What is your Why? Will college really help you accomplish your Why? And are you ready for the financial consequences?” Listen as we share our love of education, but share how alternative education might be a more cost effective method to investing in your #1 Asset as you focus on your future self, your cost potential, and your financial model. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
9 minutes | a month ago
NO Silver Bullet
There is NO silver bullet that will save you from where you need to be!In today's Better Wealth Episode of From the Front-line: Jereme and I talked about how living in a consumer driven society creates a belief that if buying something will solve problems. Listen as Jereme and I discuss why there is NO silver bullet that will save you from where you need to be. As a wealth coach there are several examples from the front line of situations where responsibility and stewardship is pushed aside for a product that is believed to fix a financial problem. We discuss why many products may be an amazing tool they will not not fix a financial mess that has taken years to create. Fixing problematic or messy financial situations takes time and effort in clarity, efficiency and consistency to become better….there is NO silver bullet. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
65 minutes | a month ago
How Consumers Became Savers with The Father of the 401k Ted Benna
For many Americans the 401K helped consumers into savers by putting savings first. In today's Better Wealth Episode, I had the honor to sit down with the Father of the 401k, Ted Benna. Listen as Ted dives into the history of the 401K, the pros and cons, and how shares his mission to help people who want to save more and do so in a more effective way. Ted shares a rich history of “retirement” plans, under pensions and ERISA, and why the 401k became a more efficient alternative. The history of these financial plans and Ted dives deep into the philosophy, the structure and the development of working with the IRS, the President of the United States in developing this new 401K plan. Listen as Ted talks about the benefits of the 401K over time and how it has converted spenders into savers, by making savings a priority first. Ted also discusses the investment structure and why the fees have become one of the biggest cons of the 401K. Stick with me as I ask Ted about marriage advice. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Guest Bio: Ted Benna is commonly referred to as the “father of 401(k)” because he created and gained IRS approval of the first 401(k) savings plan. He has received many citations for his accomplishments including 2001 National Jefferson Award recipient for Greatest Public Service by a Private Citizen, 2001 Player of the Year selected by Defined Contribution News, one of eight individuals selected by Money Magazine for its special 20th Anniversary Issue Hall of Fame, selected by Business Insurance as one the four People of the Century, one of ten selected by Mutual Fund Market News for its special 10th Anniversary Issue Legends in Our Own Time, Lifetime Achievement Award by Defined Contribution News 2005 and Icons and Innovators Award - Investment News 2017. Ted has authored five books including 401(k) for Dummies and his latest – 401k-Forty Years Later.Guest Links: “401K 40 Years Later” by Ted Benna *AmazonBenna401K.com
9 minutes | a month ago
How To Avoid An 87% Drop In Your Stock Portfolio
Education and expertise of wise council is extremely important before you jump into investment ventures like the stock market. In today's Better Wealth Breakdown, Dan and I discuss how you can avoid an 87% drop in your stock portfolio. Dan shares his own mishap experiences of investing in the stock market. He reflects with us how the lessons of financial loss helped change the trajectory of his future financial situation and mindset. Listen as we talk about clarity, education, and seeking expert advice before jumping into investment ventures. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
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