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Bank failures often have a ripple effect, when one big bank goes, a bunch of smaller ones often walk off the cliff too. Are bank failures good for the economy? They may make for nice executive bonuses at JP Morgan, but what about the rest of Americans?  Hear more about bank failures and what they mean for you on Wealth Talks. Listen Now.   Resources The Perils of Banking and How to Avoid Them - Video A Biblical Guide to Personal Finance  

If you die in some unnatural, extreme way many people will hear about it. Falling over the Grand Canyon railing and slithering to your fate will probably get you an honorable mention in a news story. Getting killed in the crossfire of two rival gangs may earn you a national news spot for several days. But what about those who don’t die glamorous deaths? What will the people we love remember us for? Resource Links: Subscribe for Vlog updates on the McFie family visit to Wall Builders museum May 26-28th 2023  

Money issues are the most cited source for divorce. Yet, even with such dire consequences, 49% of Americans admit they have lied to their partner about money. Having the correct attitude towards money is critical when building a relationship. What role should money have in a relationship? Find out on Wealth Talks. Prescription for Wealth A Biblical Guide to Personal Finance

In our rapidly changing era, saving and preparing for tomorrow has never been more important. But saving in today’s world can be difficult, especially where cost of living is high such as in New York or San Francisco, or when a market swing could wipe out a lot of your savings. Today on WealthTalks – hear the tips and principles you need to save in a way that can build sustainable wealth for your future.  Resources  10-20-70 Worksheet, Life Benefits Store, WealthTalks.com

When the Infinite Banking Concept (IBC) was first discovered, many insurance companies were fine with their agents selling policies designed for IBC. Some even went out of their way to recruit such agents. But this favor seems to be souring. Recently Mass Mutual, one of the largest insurance companies, stated they may terminate agents who practice IBC. What happened? New Book - Biblical Guide to Personal Finance

“You can beat him, you can cheat him, you can treat him bad and leave him...” Queen explained in their hit song Another One Bites the Dust. A lot of dust gets thrown around in the insurance ring, sometimes by ignorant agents, but often by greedy agents looking only to earn a commission. While the dust makes things difficult, you don’t have to bite it. PLEASE! Don’t bite the dust! Listen now on Wealth Talks. New Book - Biblical Guide to Personal Finance

Why do you go to work? Why do you help other people? Why do you save money for the future? Do you work only to finance a lifestyle, or establish a comfortable retirement?  Do you help people only because you are “giving back”? What is the force which drives you? What is your why?  New Book - Biblical Guide to Personal Finance

What is fungibility? Is it mildew? Is it mushrooms? Is it the blue green spores growing on the 3-week-old half sandwich at the back of the fridge? Or perhaps the whiteish green carpet spreading over the curiously deformed orange at the supermarket? Actually, fungibility has a lot to do with money and finance. Find out all about fungibility on Wealth Talks. Video: Velocity of Money example New Book - Biblical Guide to Personal Finance

We just watched two big banks fail - Silicon Valley Bank (SVB) and Signature. Bank failures happen quite frequently, but the failure of SVB and Signature heralded the largest bank failures since 2007-08. With the failure of these banks, one may wonder how safe life insurance companies are. What happens when an insurance company goes broke like AIG did in 2008? Find out on Wealth Talks.

We’ve been gaslighted a lot by our government over the last few years. Remember how often we were told “Follow the Science” or “Don’t question the Science”? Of course, questioning the science should only improve the science, but this can also be dangerous as Galileo discovered with his famous experiment, for which he was persecuted. This can happen in other areas of life too, even when it comes to financial promotions. Getting gaslighted or even ghosted are part of life and this won’t be changing anytime soon. When you tune your discernment to pick up reality from noise, then you can make decisions to improve your life and your financial results.

Many people don’t understand how much they need life insurance. Many people are pitifully under insured while some don’t have any insurance at all! Forget about the many living benefits life insurance can provide, the death benefit of a life insurance policy can make all the difference in the world to the ones left behind when someone passes. In this episode, find out how much you need life insurance, not for yourself, for the ones you love.

Would you use your cash value to become a pilot? Start a business?  Buy a vacation home? What would you do if your home was flooded? Or if someone drove through your front window? Or if you lost your income and couldn’t make the car payment? In this episode, find out how our clients use their cash value to take advantage of opportunities, or face financial difficulties.

Some people only have life insurance to provide a death benefit. Many of them never realize life insurance can provide benefits while they are still living. This is sad because using the life benefits of a policy could make their life so much better and more enjoyable, while still providing a death benefit for their loved ones when they pass. In this episode, you will discover the life benefits of life insurance, and how to use them. Resources: Time Value of Money - Policy Loan Financing Example How Life Insurance Works - YouTube video with Gracine McFie Winning Your Financial GAME book & study guide

Just because marketing doesn’t discuss the dangers of a product doesn’t mean there are none. The strong, tough Marlboro man advertisements certainly didn’t portray the sufferings many smokers experience in later years, but this does not mean smokers who exclusively smoke Marlboro products will escape these sufferings. Some life insurance products have hidden dangers too. Hear more about the dangers of indexed universal life insurance today on Wealth Talks.

Many people aren’t aware they can get a higher social security payment in retirement. Depending how you file, you may be able to increase your social security benefits by 8% a year (up to 32%/year overall) when you delay taking benefits beyond full retirement age. But as they say, the devil is in the details. Does filing this way make good financial sense? What are some ways you can start preparing now to be able to maximize your social security benefits when you get to your golden years? Find out today on Wealth Talks.

Does steak actually cost more when it goes on sale? When you save money are you actually losing it? What does time value of money mean anyway? Today on Wealth Talks, Tom, Michele and John are in the studio to talk about the time value of money and how it works.

Overpaying taxes is often seen as a smart strategy. Not only does it keep you out of trouble with the IRS, it’s also a nice surprise to get the refund check in the mail. But overpaying taxes may hurt you financially because of lost opportunity. Find out why on Wealth Talks.

IUL has been the shiny yet dangerous toy in the insurance world for some time. Having enjoyed a period of wild popularity, IUL is starting to come under attack. Although many have spoken out against IUL including Forbes and the Center for Economic Justice, insurance companies are still pushing IUL hard. Why? Find out on the latest episode of Wealth Talks!

Elaborate plans and complex formulas sound grand and can even make great sense. But simple is usually easier and if it’s easy, it tends to get done. In this episode you will learn about the 10-20-70 rule, one of the simplest and best financial formula we’ve ever found. Listen Now! Resources: Life Benefits Store

Many people set new goals for the new year, but sadly, many people will never make those goals because of poor planning, or even worse, no plan at all. Do you have a good financial plan? This is an episode you will probably find useful as you make plans for 2023. You’ll also hear about the trouble we ran into on the hunt in late October.   Resources: Life Benefits Store