Podcasts about money advantage

Imagine walking into a grand bank building with marble floors, high ceilings, and neatly dressed bankers eager to assist you. You deposit your hard-earned money, confident that it is safe and growing. But have you ever stopped to ask yourself—where is the bank? What role does it actually play in your financial future? https://www.youtube.com/live/LFaf2iEnh94 This question is at the heart of today's discussion on the Money Advantage podcast. It's one that often comes up when people first learn about Infinite Banking. Where is the bank in Infinite Banking? How can you call it banking if there's no traditional bank involved? If you've ever wondered whether Infinite Banking is a legitimate financial strategy or if it's just another buzzword in the financial world, we're here to clear up the confusion. Let's dive into what banking really is and how you can take control of it in your own life. Challenging the Conventional View of BankingThe Truth About BankingWhy Do Banks Exist?The Three Core Functions of BankingWhere is the Bank in Infinite Banking?Why Infinite Banking Puts You in ControlBringing It All TogetherBook A Strategy Call Challenging the Conventional View of Banking Banking is more than a place—it's a process. Understanding how money moves, who controls it, and who profits from it is the key to financial freedom. In this article, we'll break down the fundamentals of banking, explain why Infinite Banking is not about replacing your local bank but rather about reclaiming control over the banking function in your life, and show you how you can apply these principles to build lasting wealth. By the time you finish reading, you'll understand: Where is the bank in Infinite Banking? Why banks exist and how they make money The three core functions of banking that you can take control of How you can mimic the banking function using whole life insurance Why this approach provides more financial security, liquidity, and flexibility than traditional banking Why this strategy can serve as a foundational pillar in long-term wealth creation Let's get started. The Truth About Banking Why Do Banks Exist? To answer the question of: 'where is the bank', we must first understand why banks exist in the first place. Historically, banks were created as safe places to store money—often in the form of gold—so individuals wouldn't have to worry about protecting it themselves. Over time, banks realized they could make money by lending out deposits at interest, and thus, the modern banking system was born. Today, banks don't just hold your money; they use it to make more money. They pay you a small interest rate on deposits while charging much higher interest rates on loans. This spread—the difference between what they pay and what they charge—is how banks make money. But what if you could take control of this process yourself? What if you could become your own bank and keep those profits within your financial system? That's where Infinite Banking comes in. The problem with traditional banking is that it benefits financial institutions, not consumers. Every time you deposit money into a bank, you are allowing them to use your funds to generate revenue, while you receive minimal interest in return. The Three Core Functions of Banking To understand Infinite Banking, you need to first understand what banks actually do. Banks provide three key functions: Facilitating Transactions: They allow money to move between people and businesses through checking accounts, debit cards, and payment processing. Storing Capital: They provide a place to hold money safely (or at least, that's what they want you to believe). Providing Financing: They lend money and earn interest on those loans, which is their primary profit source. The goal of becoming your own banker is not to replace the transactional role of banks—you'll still use them for daily spending. Instead,

Imagine a world where your family's financial future is not dictated by banks but built by you. What if you could create a self-sustaining system provides security and offers opportunities for generations to come? For us, this is not just a concept—it's our reality through family banking. Let us take you on a journey into how we built our Marshall Family Bank using the Infinite Banking Concept and how you can start building one too. https://www.youtube.com/live/uj_1A7Prpr8 Welcome to the Money Advantage! Here, we equip you with practical financial strategies to take control of your wealth, avoid common pitfalls, and create a legacy that lasts. Today's focus? Family banking—an approach rooted in Infinite Banking that allows families to take control of their financial futures, break free from traditional banks, and pass wealth along for generations. Today, we're discussing the Marshall family Bank —a system we've developed using Infinite Banking through specially designed whole life insurance policies. The Power of Family BankingHow We Started Our Family BankPolicy DetailsLessons Learned Along the WayStarting Early Pays OffReaching Break-EvenThe Generational VisionChallenges and SolutionsOvercoming Analysis ParalysisPatience is KeyBehavior Over DesignHow to Start Your Own Family Bank1. Clarify Your Goals2. Work with a Knowledgeable Advisor3. Get started and Stay Committed4. Educate Your FamilyThe Case for Family BankingBook A Strategy Call The Power of Family Banking In this article and podcast, we'll reveal how we established our family bank, the lessons we've learned, and actionable steps to start your own journey. This approach has allowed us to: Store, access, and grow our capital sustainably. Fund both personal and generational goals. Create a lasting legacy of financial security. Family banking is more than a strategy—it's a lifestyle. At its core, it's about reclaiming control of the banking function in your life by creating a financial system that works for you, not against you. Infinite Banking, the foundation of family banking, leverages the cash value of whole life insurance policies to build a pool of capital you can access and use throughout your life. Unlike traditional banks, this approach allows you to: Earn uninterrupted compound growth on your money. Borrow from your policy while it continues to grow. Create financial stability for future generations with a guaranteed death benefit. Nelson Nash, the founder of this concept, famously said, “Compounding is the eighth wonder of the world.” Infinite Banking magnifies this principle by letting you benefit from uninterrupted growth over decades. How We Started Our Family Bank Our journey began in 2012 with a single whole life insurance policy funded by a $10,000 annual premium. At the time, we were searching for a safe and liquid place to store our savings. At the time, we were overweighted in gold and silver, which fell short in terms of accessibility and stability. This led us to Infinite Banking. With this system, we gained: Liquidity: Instant access to cash when we needed it. Growth: Tax-advantaged, consistent growth over time. Legacy: A financial tool that benefits our family even after our lifetime. Policy Details in the YouTube video link near the top of this article, you can watch the live recording of the podcast episode to see the high-level details of our family bank as of Dec 2024 and see a deep dive into the annual statement of one of our policies. Lessons Learned Along the Way Starting Early Pays Off If there's one thing we wish we could change, it's starting sooner. The earlier you begin, the longer your policies have to grow and compound. As we've learned, compounding is a slow process initially but accelerates dramatically over time. For instance, in one of our policies, the annual cash value growth now exceeds the premium we pay—one of the “break-even” poi...

Securing generational wealth has never been more critical in today's rapidly evolving financial landscape. It's not just about safeguarding our financial future; it's about leaving behind a legacy that can provide security and opportunity for generations to come. In this episode, we dive into the Family Banking Formula concept on The Money Advantage podcast. The insights are empowering and transformative, and I'm excited to share them with you. https://www.youtube.com/live/FZTDxocCGwY We will guide you through the key strategies discussed in the podcast, from the concept of the family banking formula to the strategic use of whole life insurance. My goal is to equip you with the knowledge and motivation to take control of your financial future, ensuring that you not only secure wealth for yourself but also create a lasting legacy for your family. The Power of the Family Banking Formula: Building a Financial LegacyGenerational Wealth Through Whole Life Insurance: A Strategic AssetPersonal Banking Within the Family: Creating a Private Financial EcosystemThe Mechanics of the Family Banking Formula: How It WorksLeveraging Life Insurance for High-Net-Worth Wealth BuildingStability and Risk Management: The Strength of Insurance CompaniesTake Control of Your Financial Future with the Family Banking Formula The Power of the Family Banking Formula: Building a Financial Legacy The core idea behind the family banking formula is to take control of the banking function in your life instead of relying on traditional banks. We use specially designed whole life insurance policies to manage our family bank. At the heart of how we have personally implemented this concept is the Infinite Banking Concept (IBC), which is a strategy that allows individuals to become their own bankers. One of the key benefits of family banking is the ability to pool resources within the family. Imagine a system where you and your family members can borrow money from the family bank to fund various endeavors, whether it's starting a business, paying for education, or purchasing a home. By doing this, you keep the wealth within the family, allowing it to grow through uninterrupted compound interest. This approach not only benefits you and your immediate family but also sets up future generations for financial success.  Successful family banking isn't just about having the right financial structures in place—it's about adopting the right mindset, teaching future generations financial literacy, and providing accountability and mentorship, which are crucial for making the most of family banking. Family banking offers unparalleled access to liquidity, better returns, and reduced taxes. But more importantly, it fosters a mindset that views the family as a cohesive financial unit and promotes long-term financial independence. Imagine your family as a corporation, where each member plays a crucial role in building and maintaining financial health. By pooling resources and making strategic decisions together, your family can achieve financial goals that might seem out of reach if tackled individually. This approach strengthens family ties and lays the groundwork for a legacy of wealth, value creation, and financial literacy that can be passed down through generations. This fits well with the definition of legacy in my book Seven Generations Legacy: Design a Multigenerational Legacy of More Than Money. The definition is: “The character, values, and financial means to live life on your terms that are modeled, taught, stewarded, and given from one generation to the next.” To take it one step further, a perpetual legacy is family wealth and flourishing that grows with each successive generation. Generational Wealth Through Whole Life Insurance: A Strategic Asset One of the podcast's most impactful revelations is the strategic use of whole life insurance to build and preserve generational wealth. Unlike term life insurance,

In this episode, Justin Robert Young and Jennifer Briney discuss their experiences at the Republican and Democratic conventions. Justin also cover topics such as the money spent on political ads, the importance of swing states like Pennsylvania and Georgia, and the Kamala Harris campaign's efforts to redefine her image. Chapters00:00 Introduction03:35 Polling Data and Key States07:08 Ad Spending and the Money Gap14:22 Concerns for House and Senate Republicans18:58 Arrest of Linda Sun and Chris Hu20:39 JD Vance's Media Strategy22:37 RFK Jr.'s Lawsuit Against North Carolina State Board of Elections25:31 Jen Briney and the DNC Hosted on Acast. See acast.com/privacy for more information.

Unlock the secrets of mastering the tax benefits of whole life insurance with our latest Money Advantage podcast episode. We promise you'll gain an in-depth understanding of tax laws related to life insurance strategies, like the pivotal 1988 government decision to limit cash value life insurance investments due to their tax perks. By diving into the historical context of the Tax Reform Act of 1986 and the Revenue Act of 1987, we uncover the intricate relationship between these laws and the economic climate of the time, helping you make smarter financial decisions today. https://www.youtube.com/live/0XcaTFWcOhM Travel back in time with us to explore how Nixon's 1974 move away from the gold standard set the stage for inflation and the creation of IRAs and 401(k)s. These financial products shifted funds from whole life insurance, leading to the popularity of universal life policies. Our discussion reveals how high interest rates and regulatory responses like the 1988 Tamra Act reshaped the life insurance landscape, ensuring it remained a protection tool rather than a tax haven. The 1979 FTC report's critique of whole life insurance also played a significant role, challenging traditional perceptions and influencing market dynamics. We round off the episode by dissecting the Modified Endowment Contract (MEC) and the Tamra Act's regulatory impacts on life insurance policies. Discover the nuances of the one-year and seven-year rules, the scenarios leading to a policy becoming a MEC, and the resulting tax implications. We delve into circumstances where intentionally MEC'ing a policy could be beneficial, such as for estate planning or achieving better returns than traditional banking options. This rich historical insight equips you with the knowledge to navigate today's complex financial landscape with confidence. Tax Loopholes vs. Tax IncentivesWhole Life Insurance and TaxesThe History of Whole Life Insurance and TaxationWhat Does it Mean to Be a MEC?Applying Whole Life Insurance tax Benefits TodayBook A Strategy Call Tax Loopholes vs. Tax Incentives To kick off this conversation, let's get something clear: tax loopholes are not actually loopholes. The word “loophole” has a negative connotation, and if often used to suggest that people who use tax incentives to reduce their taxes are doing something sneaky or unethical. The reality is that the IRS writes tax law to be as specific and intentional as possible, and those “loopholes” are actually intentional incentives from the government. Tax incentives work to provide tax credits or breaks for investors who can do things that the government does not want to spend their own money on. For example, there are many tax incentives in real estate because housing is a constant and prevalent need. If housing cannot be provided by landlords, the government may have to provide more housing, and so the government creates tax incentives to have investors take the lead.  Tax breaks don't exist by accident. They are purposeful and are designed to get investors to take specific actions.  Whole Life Insurance and Taxes Whole life insurance is a popular “tax-advantaged” asset because you can technically access your cash in a tax-free way. You can do this through a policy loan, which must still be paid back, or by withdrawing only up to your base premium. Otherwise, you can still have a taxable event. That being said, whole life insurance has long been a popular strategy for tax purposes, and in fact used to be even more beneficial from a tax standpoint, until the IRS got involved. And while there are some limitations, now, whole life insurance is still extremely advantageous from a tax standpoint. The History of Whole Life Insurance and Taxation Until the 1960s, whole life insurance was the premier savings vehicle for American families. It provided great flexibility and protection and was a powerful tax advantage.

Today, we're answering a listener question on maximizing financial windfalls: Can you do a future episode on what to do with a windfall? Specifically, the use of a premium deposit fund over many years and dumping it into a 7-pay or 10-pay policy. I would love to hear how this could be an option for inheritance or selling a business or property. https://www.youtube.com/live/cRRw5Hi_B90 What should you do when a financial windfall lands in your lap? Whether it's from selling a business, a property, or receiving an inheritance, knowing how to manage and maximize a large influx of cash can be daunting. On this episode of the Money Advantage podcast, we tackle this critical question by breaking down strategic approaches tailored to individual financial goals and circumstances. Using the analogy of a sailboat, we explore how to incorporate additional funds into a well-balanced policy without risking instability or running afoul of modified endowment contract laws. Our discussion touches on the considerations for managing windfalls through life insurance policies. We look at the sustainability of funding new policies beyond the initial windfall and the implications of different funding durations, like 10-pay versus 30-pay options. The potential benefits of convertible term life insurance and practical steps for integrating significant windfalls into your policy are highlighted. You'll gain insights into cash flow strategies and premium deposit funds, all aligned with long-term financial goals. Finally, we examine the benefits and pitfalls of various policy designs. From the "skinny base policy" with large Paid-Up Additions (PUAs) to the risks of prematurely hitting human life value limits, we cover it all. Our conversation also dives into the actuarial decisions that impact policy performance, emphasizing the importance of flexible policy designs to adapt to future changes. Can You Design a Policy to Store a Windfall?Policy Design for Maximizing Financial WindfallsUsing a Windfall to Pay Policy LoansFund an Investment FirstBook A Strategy Call Can You Design a Policy to Store a Windfall? One of the most common questions we get pertaining to windfalls—i.e. Unpredictable sums of money like an inheritance—is can you design a life insurance policy to plunk that money into? It's a smart question, especially if you are currently implementing an Infinite Banking strategy. After all, if you already know that life insurance is your preferred asset for warehousing wealth, why wouldn't you do so?  So what's the answer? Well, you certainly can design a whole life insurance policy to house a windfall, but you might not want to. At least, you might not want to put that money in via a lump sum. Otherwise, you run the risk of your policy turning into a MEC, or modified endowment contract. A whole life insurance policy can become a MEC by over-funding it and doing so means that it loses its designation as an insurance asset in the eyes of the IRS and it loses its tax advantages.  Think of your life insurance premiums as a sailboat. The base premium is the boat itself, the hull. To put additional funds into the policy, you would add term riders, which would be like the mast of the sailboat. Then, the PUAs are like the sails. If the mast or the sails get too big relative to the base of the boat, it's going to tip over. It won't be efficient—becoming a MEC. If you're trying to design a policy now for a potential windfall later, you would be designing a policy with a "skinny base" in order to have room for PUAs later. But doing this creates an unstable policy. All of this is to say, you definitely want to add sufficient term insurance riders and PUAs in a policy, but be careful to keep it balanced for your personal goals. Some people may want to have a MEC, but it's better to do so when you're choosing to, rather than by accident or carelessness.  Policy Design for Maximizing Financial Windfalls

Why is enough never enough? How do I know when you've made enough money, or when making money becomes too much of a concern, and you should be satisfied with what you've got? https://www.youtube.com/watch?v=B3zBDjmeNTA Joining us to discuss this abundance paradox is a long-time friend of The Money Advantage, Rabbi Daniel Lapin. Author of Thou Shall Prosper, Business Secrets from the Bible, and The Holistic You, among other works, Rabbi Lapin is an international speaker and TV host who shares the relevancy of ancient Jewish wisdom for helping us navigate modern times and answer life's most pressing questions. Join us for a captivating discussion with Rabbi Daniel Lappin, who returns for an eighth appearance to unravel the perennial dilemma of why is enough never enough in terms of wealth and work. Listen in as we tackle the intricate balance of ambition and contentment, drawing upon Rabbi Lappin's wisdom and personal anecdotes. This dialogue is designed to guide you through the challenges of defining success and deciding when it's time to refocus your energy away from financial gain and toward the other facets of life that matter most. Discover the art of harmonizing the conflicting truths that shape our lives, as we ponder balancing professional aspirations with personal well-being. Our conversation with Rabbi Lappin illuminates the importance of relationships, health, and embracing a philosophy of service over retirement. The notion that our careers can be a calling rather than just a job is an empowering theme we delve into, exploring how finding fulfillment in service to others can enrich both our professional paths and personal growth. In this episode, we also tackle the scarcity versus abundance mindset, sharing insights on how our beliefs influence our business outcomes and life choices. Rabbi Lappin provides thought-provoking perspectives on retirement norms, the role of marketing in success, and the impact of social circles on our decisions. To round out our expansive conversation, we discuss the importance of balance across the five Fs: family, finances, friendships, faith, and fitness, and we emphasize the crucial role of effective communication in our lives. Tune in for these transformative ideas and more, as we aim to equip you with the tools to lead a more fulfilling, purpose-driven life. Why is Enough Never Enough?Where Are You Investing?Why Do We Do What We Do?Rethinking Retirement ExpectationsThe Holistic YouOther Conversations with Rabbi Lapin:Book A Strategy Call Why is Enough Never Enough? When asked about how much money is “enough,” Rabbi Lapin told us an interesting story about his daughter instead. He and his wife homeschooled their daughter for much of her life, until she decided to go into the school system. His daughter found school to be fairly easy, and getting As were no issue for her in her first semester.  In her next semester, however, she started to get some Bs, and the semester after that some Cs sprinkled in. While the Rabbi and his wife were not overly concerned with grades, they did ask her about it. And his daughter answered that when she got As, she was spending too much time focused only on homework. When she got Bs, she had time for other interests and pursuits. And Cs reminded her that she wasn't putting enough time into school. So she used her grades as a gauge in a very interesting way, outside of the typical way of thinking. For her, it was all about balancing priorities.  He likens this story to the question of “enough money,” because it's something everyone will grapple with. Is there a point at which you can say you're doing well enough with money that you stop pursuing it? [06:07] “This is actually a very difficult question. It's not a difficult question to answer, but it's a difficult question to answer in a way that doesn't indict me.” Where Are You Investing? Money is of course important.

Can you confidently say your family's financial future is protected? Staring down the barrel of a life-altering moment, I was forced to confront the fragility of existence and the critical importance of having one's affairs in order. That harrowing experience became a catalyst for today's soul-searching episode of the Money Advantage podcast, where we navigate the often-neglected waters of estate planning. This isn't your typical run-of-the-mill chat; it's a deep dive into preparing for the unforeseeable, ensuring that your family and cherished assets are shielded when you're no longer here. Estate planning transcends mere financial arrangements—it's about crafting a legacy that encapsulates your values and survives through the ages. https://www.youtube.com/watch?v=aQGy19s4OU8 As I walk you through this with the wisdom I have learned from estate planning attorneys who share our philosophy, we touch on themes beyond the balance sheet. A personal close call serves as a stark reminder of life's unpredictability, prompting the critical need to act now. But it's not all somber reflections; this episode is imbued with hope, offering a powerful free tool to help you sculpt a robust plan tailored to your life's blueprint. By the end, you'll be equipped with the insights and resources to take decisive control of your estate planning, crafting a legacy that ensures your loved ones thrive for generations. Do you know you need to do estate planning, but you're struggling with the motivation to get started because it seems time-consuming, complicated, and hard? When it comes to estate planning, procrastination is so common that it seems normal.  And that's simply because most people are missing the one key thing they need to be able to move forward. So, if you'd like to make progress in just a few minutes, tune in today to find out the one question you need to ask yourself so you can get started? Estate Planning 101Getting Started with Estate PlanningThe Number One Question to StartA Personal StoryHow Prepared Are You to Protect Loved Ones?Book A Strategy Call Estate Planning 101 Estate Planning is such an integral part of financial preparation, and yet it seems like something so complicated and so encompassing that it has the potential to consume all of your focus. However, estate planning does not have to be as scary as all that.  Estate planning is the process of legally planning to take care of your loved ones and take care of your financial assets ahead of time so that when you die, your affairs are sorted. While death isn't fun to think about, having these plans is so crucial. Otherwise, you risk leaving your family and financial affairs to the whims of the probate courts. So, while you're alive, it's so powerful to use the financial wisdom that you have now to ensure that your wishes are carried out when you're gone.  By taking care of this essential step, you can live your life with a greater peace of mind that what you care most about will be taken care of, no matter what. While life insurance is a piece of that puzzle, there are some other considerations to take care of, and hopefully, this post can make the process just a bit easier for you.  Getting Started with Estate Planning As you ready yourself to get your affairs in order, know that you must do this work with a licensed estate attorney who is licensed in the state where you live. What we're sharing with you today is a preliminary conversation, so that you can feel confident going into the process. However, the actual planning must be carried out with the correct professional.  The benefit to working with a professional is that they can look at your family, your assets, and your goals and turn that into something customized that works for you. We have some estate planning attorneys on our team who create plans for families in a way that is congruent with the Infinite Banking strategies we employ. 

Join us on an enlightening journey with our guest, Becca Wilhite, a certified IBC practitioner, as we explore her personal path into the world of the Infinite Banking Concept and the IBC Practitioners Program. From a basketball player to a worship leader, Becca's eclectic background is fascinating, and her initial skepticism towards life insurance is something many of us can relate to. We share how she overcame her doubts and discovered the power and potential of life insurance through extensive research and experience. https://www.youtube.com/watch?v=HU5uSEWjflA In our enlightening conversation, we get down to the very basics of the Infinite Banking Concept, debunking myths and misconceptions about life insurance. We shed light on the importance of capitalizing and the surprising flexibility of premium payments. Not to mention, our examination of the Dave Ramsey approach and how it has influenced people's beliefs about money and insurance. And trust us, there's more to this journey than meets the eye.  What's more? We also discuss how Infinite Banking can be used practically in everyday life, from paying off debts to buying homes and cars, and even saving for your children's future education. Becca and our co-host Cole share their insights and experiences, showing us that Infinite Banking is not just a financial strategy, but a way to reclaim financial freedom. So, get ready to challenge your beliefs about money and discover a new perspective with us. Let's take this enlightening financial journey together! Introducing Becca WilhiteThe Problem with the Dave Ramsey ApproachWhy Whole Life Insurance for the Infinite Banking Concept?What is the Hardest Part About Life Insurance Education?Paying InterestThe Infinite Banking Concept is a Way of LifeBook A Strategy Call Introducing Becca Wilhite Becca didn't always want to be an insurance agent. Before that was even an option to her, she was a basketball player, an avid traveler, a teacher, and even a worship leader. Insurance wasn't on her radar. When some friends got into whole life insurance, she couldn't be LESS interested. After all, she was also a huge Dave Ramsey fan. Finally, she decided to go to one of the presentations, if only to protect her friend from making a bad financial decision. And that's where Becca's path changed drastically.  [04:35] “I went with my guard completely up, ready to just pick this thing apart. But what I found instead was [that] I never knew that life insurance could do that… So it made me curious.” Armed with a dose of skeptical curiosity, Becca started to read books, like Becoming Your Own Banker, that would help her understand. It wasn't because she was totally on board yet—she was still determined to “expose” the truth, certain that Dave Ramsey couldn't be wrong.  [05:46] “The more I read, the more I studied, the more interested I got. [I was thinking], this is so different from the status quo, this is so different from what we've been taught. I don't think it's wrong anymore.” This led to Becca opening her first life insurance policy and working with an IBC life insurance agent. However, Becca was still pretty “green,” as she puts it. She didn't just want to have whole life insurance, she wanted to know how it works and learn more. So Becca reached out to The Money Advantage about mentorship opportunities and found her way onto Bruce's calendar.  The Problem with the Dave Ramsey Approach Dave Ramsey is certainly a person with conviction, and we don't want to downplay the good that he's done for people. Many people struggle with debt, and his approach is helpful. However, Dave also tends to parrot a lot of things that simply aren't true—about mutual funds, which is what he recommends, and about whole life insurance. And this can be detrimental to people who could really benefit from capitalization more than anything.  One of Dave's common talking points is that mutual funds can offer an uninterrup...

Today's guests are Lucas and Rachel Marshall.We go deep today talking about:Why most family fortunes are lost by the second or third generationThe overlooked component necessary to give your kids a meaningful inheritance without ruining their work ethic or characterRachel's traumatic near-death experience that led the Marshall's to focus on meaning, not just moneyHow to create family culture that outlasts your lifetimePractical steps to build and pass down wealth for generationsLucas and Rachel are loving parents of three incredible children: Avalynn, Olivia, and Eli. They are authors, speakers, coaches, and co-founders of The Money Advantage, a team of integrated financial professionals operating on a family office model who are dedicated to assisting wealth creators achieve both time and financial freedom. They and their team provide comprehensive services to wealth creators throughout the United States, coordinating strategies in various areas such as cash flow management, business development, investment planning, insurance solutions, Infinite Banking, permanent tax reduction, estate planning, and asset protection. They are dedicated to serving enterprising families who aspire to build enduring multi-generational wealth and establish a lasting legacy that transcends conventional financial success. Find Lucas and Rachel online at:Instagram: @themoneyadvantageWebsite: themoneyadvantage.comResources mentioned:Seven Generations Legacy---Welcome to the Dad.Work Podcast, where men are forged into elite husbands and fathers by learning what it takes to become harder to kill, easier to love, and equipped to lead.Get ready to start building the only legacy that truly matters - your family.Resources, Links, Show Notes:https://dad.work/podcast/Follow Dad.Work:https://instagram.com/dadwork.curt/https://youtube.com/@dadwork/HOW TO BECOME AN ELITE MAN, HUSBAND, AND FATHER: FREE TRAINING:https://dad.work/training/

Are you ready to transform your financial growth mindset? In today's enlightening episode, we dive deep into Nelson Nash's book, Becoming Your Own Banker, and explore the concept of the arrival syndrome - a dangerous belief that we've reached the pinnacle of knowledge and understanding. We'll discuss the fixed mindset versus the growth mindset, and how these mindsets play a crucial role in the world of Infinite Banking. https://www.youtube.com/watch?v=h1TuPm4voX0 Hear our recommendations on defeating the Arrival Syndrome, embracing continuous learning, and making the most of our services at The Money Advantage to create a tailored financial plan. This episode will challenge your beliefs and reveal new strategies to keep and control more of your hard-earned money. Don't miss out! The Arrival SyndromeCarol Dweck and the Fixed MindsetArrival Syndrome and IBCBook A Strategy Call The Arrival Syndrome Arrival Syndrome, which Nelson Nash discusses in his book, Becoming Your Own Banker, is detrimental to wealth building.  [7:15] “If we think we've arrived, if we think we know everything, then we have this arrival syndrome, which is the illusion of knowledge that shortcuts us and makes us stop growing.” If you believe you have arrived—at success, at financial freedom, at peace—you give yourself permission to stop trying. Doing so prevents any future growth, and that's a dangerous place to be. For example, people who experience large windfalls often see a large sum and believe that they've made it. They think they'll be set for life because it's the most money they've ever seen. So they stop working and squander money, only to realize that money was finite after all.  You can also think of it this way—what if Steve Jobs had stopped at the Macintosh? What if Henry Ford stopped after building his first gasoline engine? These were valuable inventions, and neither of them could guess just how far their work would go, and yet they kept inventing and growing. Their growth mindsets and curiosity allowed them to keep pushing the envelope, keep inventing, and do the unthinkable. [7:55] “Arrival syndrome is equal to arrogance, and arrogant people breed ignorance. Ignorance is about not even knowing something. It's not that you can't know it, [it's that you haven't been exposed to it].”  Carol Dweck and the Fixed Mindset A similar idea comes from Carol Dweck, author of “Mindset: The New Psychology of Success.” Rather than arrival syndrome, she talks about having a “fixed mindset.” Those with a fixed mindset believe that intelligence is static, desire to look smart, and may even avoid things that seem challenging. By having a fixed mindset, you're destined to plateau and have your worldview confirmed.  If you look at the world through a fixed mindset, you're experiencing arrival syndrome. You don't feel like you have anything left to learn or do; you don't have to exert yourself or expend effort, and you're locked in. While you may be perfectly fine in this state, you'll never strive for anything greater. The possible becomes impossible because there is no room or desire for growth. [12:55] “Whereas a growth mindset recognizes that we all have the capacity to continue growing. There's always more growth potential beyond what we already know, and we have to be humble… in order to have a growth mindset.” If you can switch your thinking around, the impossible becomes possible with effort, intention, and practice. There's no guarantee that things will be easy, however, you create new possibilities for yourself and your family every day. Making more money is possible, getting out of a bad spot is possible, generational wealth is possible—and an infinite number of things you can't even imagine yet. IBC is a part of this world of possibility because it requires a growth mindset to unlock its true value. Arrival Syndrome and IBC The common pitfall we see is when someone discovers IBC there's a cha...

In this episode of the Money Advantage podcast, we explore how to avoid the pitfalls of leaving an inheritance and ensure you leave a positive impact on future generations through intentional wealth management and legacy planning. https://www.youtube.com/watch?v=ZXFUVVoT_6s Inheritance, a transfer of wealth from one generation to another, can be a double-edged sword. On one hand, it can provide financial security and opportunities for the next generation. On the other hand, if mishandled, it can lead to family conflicts, spoiled children, and the squandering of hard-earned fortune. We explore the insights of Dr. Lee Hausner, a renowned consultant to high-net-worth families, family businesses, and family offices, on how to avoid the pitfalls of leaving an inheritance and ensuring a positive impact on future generations. We delve into the importance of understanding the power of money, the various types of wealth present in society, and the significance of instilling the right values in the next generation of wealth holders. Avoiding the Pitfalls of Leaving an InheritanceWealth Transfer and Legacy PlanningStrategic Planning for Family LegacyCreating Successful and Prosperous FamiliesSibling Competition and Social CompetencyAbout Dr. Lee HausnerBook a Strategy Call Avoiding the Pitfalls of Leaving an Inheritance Dr. Lee Hausner's background as a psychologist in the Beverly Hills school district exposed her to the effects of different types of wealth on families. She observed first-generation entrepreneurial wealth, trust fund wealth, and industry wealth, each with its unique set of challenges and expectations. This experience, coupled with her expertise as a consultant to high-net-worth families, has given her valuable insight into the potential pitfalls of leaving an inheritance. One of the key challenges in wealth transfer is finding the right balance between providing financial security and ensuring that the next generation does not become complacent or entitled. Overindulgence and a lack of understanding of the value of money can lead to destructive behaviors and a squandering of family wealth. Dr. Hausner emphasizes the importance of raising children who are competent and self-confident, regardless of their financial situation. This foundation will help them navigate the complexities of wealth management and inheritance, ultimately leading to more successful and prosperous families. Wealth Transfer and Legacy Planning A successful wealth transfer and legacy plan requires intentional and strategic planning. Dr. Hausner suggests that families think of themselves as a business, applying the same strategic planning techniques to their family life as they would to their professional endeavors. This includes setting goals and strategies, holding family meetings, and fostering a culture of open communication and collaboration. In addition to teaching children about the fundamentals of money management, it is crucial to instill the right values and work ethic in them. This can be achieved through a combination of education, experience, and mentorship. Dr. Hausner also highlights the importance of being strategic about when and how much to pass on to the next generation. A well-planned wealth transfer will take into consideration the needs and abilities of each family member, ensuring that the resources are used productively and effectively. Strategic Planning for Family Legacy Creating a successful family legacy requires a clear vision and a strategic approach to wealth management. Dr. Hausner recommends reverse-engineering the desired family outcome and breaking it down into achievable goals and milestones. This process should involve open and collaborative discussions among family members, ensuring that everyone's needs and aspirations are considered. One of the perennial concerns in wealth distribution is the issue of equality. Dr. Hausner suggests that families should focus on giving...

This week, we had the pleasure of joining our Canadian friends on the Wealth Without Bay Street podcast. In this episode we talk about our business, and how we can apply the principles of infinite banking in Canada. If you've ever wondered how The Money Advantage got its start, how our perspective has shifted on life insurance, and the importance of implementing what you learn... tune in now! Table of contentsHow The Money Advantage StartedTransformational LearningHow the Message Gains TractionGetting Back to the FundamentalsDealing with NegativityHow a Near-Death Experience Elevated Our Understanding of the Death BenefitRe-Thinking the Value of a LegacyBook A Strategy Call How The Money Advantage Started The Money Advantage Podcast began after Lucas and I met Bruce and his team at an event they put on many years ago. Bruce's team had been weary of the industry, which seemed only to be interested in pushing products over personal solutions. Yet, Bruce and the team knew there were so many good, well-meaning advisors in the industry. [3:05] Bruce: “We decided we were going to start something called the Freedom Advisor event, and we were going to open this up to people across the nation who wanted to do things in a collaborative way to help make the industry better.” Lucas and I met Bruce through this event after becoming familiar with Nelson Nash and the Infinite Banking Concept. The event put us with many like-minded people and was an incredible opportunity. Months later, after putting out our own content, the idea came to us to reach out to Bruce and create video content with him. Now, over four years later, we continue to produce educational content and love every moment.  Transformational Learning [9:26] Rachel: "I was thinking the other day how much more transformational it is to engage with material rather than just hear someone else talk about it. And I think that this is really important, even for listeners to the show.”  Engaging with information and stories helps you to relate it to your real life. You can choose to read or listen to something, and then set it aside, and that's a fine thing to do. But when you take that information and attempt to make sense of it in the context of your world, you have the opportunity for transformational learning.  If you want to create a real transformation in your life and your finances, you have to take watching, listening, and reading into thinking, doing, and applying. With the infinite banking concept, application is key. After all, the title of Nelson's book is “Becoming Your Own Banker,” which hints at a lifelong dedication to learning and implementing these strategies.  [24:50] Rachel: “I'm just so amazed that [Nelson Nash] did say [infinite banking is] a concept. It's a way of thinking. It's a framework, if you will, to be able to fit in so many of the challenges that people face financially and find a way to put control in someone's hands. For the person who is willing to say, ‘I am responsible for my own financial future, yes, that's me. I will choose to become educated, I'll choose to make the right choices, and I'm going to choose not to just rely on someone else to tell me what to do.'” How the Message Gains Traction [30:45] Rachel: “I think the challenge is that because information is so easy to come by, the people who are best at presenting that little piece of information, in the most compelling way, and seeming the most confident about it, and putting the most money behind the advertising dollars to make that more visible to others get heard. And then the consumer sees that and thinks it's the most popular so it must be the truth.”  [33:04] Bruce: “What happens is, people comment more on what they've heard than what they experience.” If you've followed our content, you'll see that we frequently get comments from viewers who have heard that whole life insurance is bad. Yet,

FREE report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/    Wealth Without Bay Street EPISODE 119: This episode of Wealth Without Baystreet features Bruce Wehner and Rachel Marshall. Bruce Wehner is the lead advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child.  Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money.  Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show. IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 1:38 The Money Advantage – How It All Started 7:00 Grasping A Firm Understanding 11:59 Finding The Right Audience 15:05 Bruce's Journey With IBC 22:02 Rachel's Journey With IBC 25:31 Reading And Other Learning Mediums  30:08 How The Message Gains Traction 33:50 Always Get Back To The Fundamentals 43:50 Dealing With Negative Comments 52:05 Rachel's Near-Death Experience    Website: https://themoneyadvantage.com/ LinkedIn: https://www.linkedin.com/company/themoneyadvantage Facebook: https://www.facebook.com/TheMoneyAdvantage Twitter: https://twitter.com/Money_Advantage Instagram: https://www.instagram.com/themoneyadvantage/ YouTube: https://www.youtube.com/c/TheMoneyAdvantage Rachel Marshall:https://www.linkedin.com/in/rachelmmarshall/ Bruce Wehner: https://www.linkedin.com/in/bruce-wehner-5619b5a  

FREE report 7 Simple Steps to Becoming Your Own Banker -  http://7steps.ca/    Wealth Without Bay Street EPISODE 119: This episode of Wealth Without Baystreet features Bruce Wehner and Rachel Marshall. Bruce Wehner is the lead advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child.  Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money.  Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show. IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 1:38 The Money Advantage - How It All Started 7:00 Grasping A Firm Understanding 11:59 Finding The Right Audience 15:05 Bruce's Journey With IBC 22:02 Rachel's Journey With IBC 25:31 Reading And Other Learning Mediums  30:08 How The Message Gains Traction 33:50 Always Get Back To The Fundamentals 43:50 Dealing With Negative Comments 52:05 Rachel's Near-Death Experience    Website: https://themoneyadvantage.com/ LinkedIn: https://www.linkedin.com/company/themoneyadvantage Facebook: https://www.facebook.com/TheMoneyAdvantage Twitter: https://twitter.com/Money_Advantage Instagram: https://www.instagram.com/themoneyadvantage/ YouTube: https://www.youtube.com/c/TheMoneyAdvantage Rachel Marshall:https://www.linkedin.com/in/rachelmmarshall/ Bruce Wehner: https://www.linkedin.com/in/bruce-wehner-5619b5a  

It's time to showcase another client who's building an Infinite Banking System for himself and his family. https://www.youtube.com/watch?v=G6l1gkv09fg Meet Wesley Smith, real estate investor, business owner in the digital marketing space, husband, and dad. To find out why he's been using Infinite Banking for the past 7 years, and how it's helping him in his business, investments, and his family… tune in now! Table of contentsWesley's Entrepreneurial JourneyIntro to Infinite BankingWhy Infinite Banking?Why Multiple Infinite Banking Policies?How Wes Uses His Infinite Banking PoliciesInfinite Banking and Family DynamicsTeaching the Next GenerationWes' Tips for Business OwnersBook A Strategy Call Wesley's Entrepreneurial Journey Wes's career launched with his dad's plumbing company, where he stayed for three or four years. After that, he realized he wanted to get out into the world. His friend had a door-to-door sales job in telecommunications, making a pretty good salary. Wes knew it was his next step.  [4:00] “I think that first sales job really solidified the fact that I wanted to be an entrepreneur… Just learning to be in that sink or swim environment from month to month to month—every month is a new month, right—is kind of what helps you learn what you need to be a business owner, in general.” Over time, he learned he could also build some residual income from this work. Ultimately, this helped him get closer to where he wanted to be financially. But the entrepreneurial piece was still missing. This led Wes to invest in real estate. In order to advertise and maintain relationships with clients, Wes became proficient in all things digital marketing. His proficiency led him to open an agency around 2014 that caters to the tree service industry.  Intro to Infinite Banking Wes stumbled into the world of infinite banking almost by accident. About seven years ago, whole life insurance came up in conversation between Wes and his younger brother. Wes was recently married, and his son was just born, so he knew life insurance was a good thing to look into. After getting set up with an agent, he bought his first whole life insurance policy.  [8:20] “We're all just like conditioned to not even think about life insurance one bit until we're married and have kids, then all of a sudden everybody's beating their door down talking about life insurance to you.” After paying a few premiums, Wes kept wondering where his premiums were going and what he was paying for. Although his agent answered his questions, he was still having trouble wrapping his brain around insurance. So he decided to do some research and learn everything he could about whole life insurance. This search led him to The Money Advantage, as well as some other sites, where he stumbled on the infinite banking concept.  Why Infinite Banking? [9:50] “Once I found that [infinite banking concept], and I ordered Nelson [Nash]'s book, Becoming Your Own Banker… it was as clear as day what I needed to be doing for the rest of my life with all of my savings.” Part of the reason infinite banking appealed to Wes is that it's flexible and liquid. He had been in corporate settings, with a 401k, where his money was locked away and inaccessible. [10:14] “This is nice to have this [retirement] account over here, but I can't do anything with this money for the next 35-40 years. What am I going to do if I come across a real estate deal and I need access to 50 or 100 thousand, or whatever the case may be? You just really can't do that with a retirement account like you can with infinite banking policies.” Another benefit to infinite banking, as Wes sees it, is the ability to grow money even when you're dormant or waiting for your next investment. The cash value of your policy puts you in a position of cash to jump on opportunities. But even when you're waiting, your policy is growing and doing more than a typical savings account. 

Sustainable business growth takes time and a lot of effort. You have to focus on the key concepts that are critical to your organization. How do you know what strategies you need to formulate and what areas to develop? In this episode, Rachel Marshall and Bruce Wehner, the founders of The Money Advantage, share the importance of solving the right problems through developing the mindset to achieve great things. Most business owners are looking at short-term goals, but you have to look at long-term plans to increase revenue. Tune in to know how to take control and build your wealth!

This week we have the pleasure of joining James Neathery on his podcast, Banking with Life. https://www.youtube.com/watch?v=VTr7vMxoyQU If you want to better understand the importance of life insurance as a foundational tool, and how it integrates into a family banking system...tune in now! Show Notes: 0:00 James Neathery introduces The Money Advantage team: Rachel Marshall, Lucas Marshall, and Bruce Wehner.  3:00 The more quality information about infinite banking and finance out there, the better. Separating the noise from the truth.  5:40 Rachel shares how The Money Advantage team met Nelson Nash, author of Becoming Your Own Banker. 8:15 Lucas touches on the importance of the IBC and life insurance industry sticking together and applying the principles of legacy to create a broader sense of community.  11:30 James says. “Every business has a ferocious need for capital and cash flows.”  12:15 What is family and heritage, and how does money impact that? How does it contribute to generational wealth? 12:55 How the Marshall family implements a family banking system, and how this system has adapted over time.  14:30 How do you ensure that your legacy and money are used in accordance with your family values? 16:30 The benefits of a family banking system over time. 19:30 The benefit of being surrounded by like-minded, entrepreneurial people.  20:20 Where to store your capital for safety and liquidity. 21:25 What is a leveraged-up death benefit, and why is it so profound? 24:15 Bruce shares why he decided to open a life insurance policy on his father.  28:25 What does it mean to have a family enterprise, and how can you be successful? 29:15 What is the “rugged individualist” in the financial industry? How do you move toward a family-focused financial system? 33:15 IBC in theory versus in practice. 35:00 Infinite banking starts at the idea level: you have to reconcile the idea with your finances first. 38:15 The reason you want to step into the role of the banker is that it gives you control. Control gives you options.  40:15 The power of how Nelson Nash taught IBC. 41:50 How people form their opinions on whole life insurance.  45:10 How do you handle people who challenge your understanding or beliefs?  48:30 “Most people's understanding of life insurance is based on someone else's misconception.” 49:45 The importance of a solid financial foundation. 53:00 Being available versus being on demand.  54:00 Working with ideal clients. 55:45 The Fed doesn't understand banking.  1:03:20 Closing thoughts. Book A Strategy Call Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today https://themoneyadvantage.com/calendar/, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to https://privatizedbankingsecrets.com/freeguide to learn more.

Financial security and time/money freedom: these are the things that every business owner wants to achieve. As with most financial concepts, there is so much that we don't know, and we have to be willing to learn new things and think outside the box. Join us for today's conversation that will challenge your thinking and break down the simplest elements of your cash flow system. Rachel Marshall is the co-founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She is known for making money simple, fun, and doable. She is currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money.    The Money Advantage is a team of financial freedom architects for wealth creators. Using their three-step roadmap, you can maximize your money by keeping more of what you make, protecting it, and turning it into cash-flowing assets. Their family office model brings you the concierge service usually reserved for the ultra-wealthy: a team of licensed professionals to coordinate every part of your financial life. This includes strategies for cash flow, long-term tax reduction, estate and business legal planning, creative whole life insurance strategies (privatized banking), and alternative investments.    Join us to learn how you can do THE BEST with your money and optimize your financial life!   Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group.    Show Highlights:   Rachel's near-death experience that became her deeper WHY   What financial legacy for our children REALLY means   The initial steps in Rachel's financial transformation   How privatized banking works as a strategy for accessible, growing, and safe cash   How a whole life insurance policy can be an infinite banking solution   How Rachel's holistic approach of product + strategy can be maximized for the best results   Investment options for the best ROI within your system of assets (“Having more options means having more freedom.”)   How privatized banking can impact our lives in positive ways to build time and money freedom   The three-fold Wealth Creator's Cash Flow System: foundation, protection, and increase   How business owners can use Rachel's system to maximize the efficiency of cash flow and multi-generational legacy   How Rachel's podcast, The Money Advantage, covers ways that business owners can control their cash, understand relevant legislation, enjoy their money more, and more!   Rachel's book, 7 Generations, is coming out soon with help for designing a multi-generational legacy of more than money, along with stewardship principles  Connect with Rachel:    Get the FREE Quick & Easy Privatized Banking Guide for Investors at  The Money Advantage Privatized Banking Secrets    Find Rachel and The Money Advantage on Facebook, YouTube, and LinkedIn. Links and Resources:   New! Now Available!! The 4 Week Vacation book with bonuses!   Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour   Join Dr. Sabrina in our Entrepreneurs Take Your Live Back! Community

Many people believe that money is the root of all evil. But is money really evil? Is the love of money evil? https://www.youtube.com/watch?v=a1zVsI6Inpg Today, we're taking on a topic that creates so much confusion, tension, and challenge for people. We're talking about money, the love of money, and the real root of all evil. And we're revealing how this one huge mistake in our thinking literally causes all the money problems we see in our own life and the world. So if you want to dig deep into what the love of money is—and what it isn't—so that you can flourish in the right relationship with people, yourself, and with God… tune in now! Table of contentsWhat Does the Bible Say About the Love of Money?Understanding the Context of Money in the BibleIs This “Prosperity Gospel”?Reconciling What We Know with What We DoIs Money the Root of All Evil?New Living TranslationThe MessageThe Amplified TranslationThe Love of MoneyWhy “Loving Money” is EasyMoney is a ToolParting Thoughts About the Love of MoneyBook A Strategy Call What Does the Bible Say About the Love of Money? Earlier this year, we had special guest Rabbi Daniel Lapin join us to talk about his book Thou Shall Prosper. We thought his biblical wisdom about money was so profound, and we actually had him join our show two more times this year. However, we also received many comments about biblical interpretation. We thought it would be a good idea to break down what we interpret in the Bible.  As we lay the groundwork for this discussion, we think it's important to point out that English-speakers are reading a translation. We don't have the benefit of reading the text in its original language. As such, there are many modern translations we can seek, with different interpretations. Then, on top of that, we have our own human interpretation of the texts we read.  The Money Advantage is not a ministry, but a business. As entrepreneurs, and particularly as ones in the financial, we talk about money. Wealth can be a taboo topic in many religious circles, and in an effort to talk about money from all angles, we want to touch on biblical wealth. Whatever you believe, we think this topic can help to assuage shame or guilt around money.  Understanding the Context of Money in the Bible Many people draw their feelings and philosophy on money directly from the Bible. When you're building and protecting your wealth, it's important to have a solid understanding of things so that you can make the best decisions possible. Without it, you're financially coasting. We think this same logic can apply to your understanding of money in a biblical sense. If your entire philosophy of money is Biblically centered, it makes sense to dig deeper. The more you can understand the cultural context and original meaning of the text, the more concrete your understanding can be.  Is This “Prosperity Gospel”? Prosperity Gospel is a term that often comes with negative connotations. Wikipedia defines this as: A religious belief among some Protestant Christians that financial blessing and physical well-being are always the will of God for them, and that faith, positive speech, and donations to religious causes will increase one's material wealth.https://en.wikipedia.org/wiki/Prosperity_theology This, however, is not the reason that we find value in looking at the Biblical context of money. We believe that wealth is something accessible to all and is directly proportional to the amount of value you provide others, and the number of people you provide value to. However, we live in a society that often vilifies wealth, which can cause negative feelings to fester within us all.  However, based on our own understanding of the Bible, we see that wealth is not “evil,” or something to be despised. This does not, however, mean that we advocate that the wealthy are favored by God more than others. We are proponents of obtaining wealth through peaceful trade,

In this episode of The Banking With Life Podcast James has his friends Bruce Wehner, Rachel Marshall, and Lucas Marshall from The Money Advantage podcast on the show. They have an interesting conversation about family, financial values, and more. As always, we hope you enjoy and thank you for listening!Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!━━━Become a client! ➫ https://www.bankingwithlife.com/how-to-fast-track-becoming-your-own-bankerBuy Nelson Nash's 6.5 hour Seminar on DVD here:➫ https://www.bankingwithlife.com/product/the-5-part-6.5-hour-video-series-nelson-nash-recorded-live/(Call us at (817) 790-0405 or email us at myteam@bankingwithlife.com for a DISCOUNT CODE)Register for our free webinar to learn more about Infinite Banking...➫ https://bankingwithlife.com/getting-s...━━━Implement the Infinite Banking Concept® with the Infinite Banking Starter Kit... The Starter Kit includes Becoming Your Own Banker by R. Nelson Nash and the Banking With Life DVD by James Neathery. It's the perfect primer for everyone interested in becoming their own banker.Buy your starter kit here: ➫ https://www.bankingwithlife.com/exclu...━━━Learn more about James Neathery here: ➫ https://bankingwithlife.comLearn more about The Money Advantage here: ➫ https://themoneyadvantage.com/━━━Listen on your iPhone through iTunes: ➫ https://itunes.apple.com/us/podcast/b...Listen on your Android through Stitcher: ➫ https://www.stitcher.com/podcast/bank...Listen on Soundcloud: ➫ https://soundcloud.com/banking-with-l...━━━Follow us on Facebook: ➳ https://www.facebook.com/jamescneathery/━━━Disclaimer: All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.

Shaahin Cheyene built a billion-dollar business by the time he was 18 by creating a thrill pill cult. He's an award-winning business mogul, author, and filmmaker. He is also the inventor of Herbal Ecstacy, the nootropic that sparked the (100% legal) Smart Drug Movement. https://www.youtube.com/watch?v=xYNnni4kKsw He's been called the “Willy Wonka of Generation X.” Now, he's the world's leading Amazon industry expert. If you're looking to accelerate your business, and learn from Shaahin Cheyene… tune in now! Grit and Resilience [2:16] “Third world, Bruce. It brings grit and resilience. When you are not expectant of everything being handed to you, and in fact, you have to fight for everything you've got, it creates a certain kind of stick-to-itiveness. It creates a certain type of resilience in human nature.”  When Shaahin came to the United States from Iran, he didn't speak English. His family was poor after their immigration, despite having been middle class in Iran. Shaahin learned from a young age that he had to be able to hold his own.  From his family's perspective, his goal should have been to become a doctor. From Shaahin's own perspective, his neighbor the doctor had mountains of student debt, kept crazy hours, and didn't have the time to look after himself and his interests. So Shaahin knew there had to be a better way to “make it.” Making Entrepreneurs Out of Criminals Shaahin shares his own story about how he helped dozens of petty drug dealers become legitimate business owners through his product. While living in LA, he saw the power that drugs had over people and the incredible profit that could be made... if there was a way to create an entirely safe and legal alternative. Without the money or means to have a full-scale operation, Shaahin leveraged the use of his girlfriend's kitchen to experiment with herbal remedies. Eventually, he was able to develop something that worked—it gave people energy and made them happier, minus some of the negative side effects of drugs.  Then, he took that product to a well-known drug dealer. Out of desperation, the guy agreed to sell his product, and it slowly helped dozens of drug dealers legitimize their business and actually back out of the illegal drug trade. Going to Brick and Mortar Shops After helping these dealers, Shaahin took his business to brick and mortar shops and actually sold it across the world. Six months prior to this, he was sleeping in abandoned buildings. He built something from the ground up and was creating massive jobs. As he puts it, he hired “anyone who could fog a window.” In that first year, he broke a billion dollars in revenue. Anyone who was anyone wanted him on their show.  After that, Shaahin has developed two new nootropics or brain-enhancing drugs.  The Amazon Emergence Somewhere around 2008 or 2009, Shaahin reached out to Jeff Bezos, who had recently opened Amazon to third-party sellers. He listed some of his new products on Amazon and made thousands of sales overnight. So Shaahin knew that Amazon was going to be something huge.  [30:28] “I decided that I was going to master this platform. I put all my chips in on Amazon, and we learned.” He had so many people coming to him for advice, at one point, that he decided to develop a course to help people become sellers on Amazon.  The course is on FBAsellercourse.com for $200, but if you mention The Money Advantage you can get it for free.  Links Billion by Shaahin CheyeneAmazon Mastery Course (mention us to get the course free)Shaahin's YouTube channelHack and Grow Rich PodcastEmail Shaahin: darkzess@gmail.com  (Write: The Money Advantage, Send Me the Free Course About Shaahin Cheyene RANKED #1 Amazon Accelerator. I help you CRUSH IT on Amazon. $350 Million In Sales. Herbal Ecstacy, Vapir, and many more! During the Iranian Revolution of 1978, Shahin's family had to escape to survive and ended up finally migrating to ...

In this Episode, Shaahin narrated his life experiences and how they shaped him to the entrepreneur he is now. With grit and resilience, Shaahin was unstoppable in finding his life purpose, not to be a doctor, not to be a man of profession, but to be a notorious business mogul.  He is joined with Rachell Marshall and Bruce Wehner, hosts of The Money Advantage Podcast. The Money Advantage provides simple, fun, and doable financial talk that helps you build financial freedom with cash flow strategies, Infinite Banking, and alternative investments. SUBSCRIBE NOW ➡️ https://bit.ly/39Sts5u ▶ Video Transcript: The nootropic that sparked the 100% legal smart drug movement. He's been called the Willy Wonka of Generation X. And now he is the world's leading Amazon industry expert. Fascinating backstory. So if you are looking to accelerate, accelerate your business, you can learn how Shaahin use a mix of proprietary software, promotions, copywriting ads, and social proof to accelerate his own success. And we are huge fans of learning from those who have been successful. And that's what we're going to exactly do today. ▶ About Shaahin: Shaahin Cheyene is an Author, Speaker and Leading Amazon Expert. He has worked for countless companies and individuals, taking products and companies from $0 to millions on the Amazon platform. 

What if your thoughts about the Bible and what it has to say about money were crippling you instead of helping you to flourish the way you're meant to? Today's guest is Rabbi Daniel Lapin, returning for another deep and powerful conversation about business, money, and the Bible. https://www.youtube.com/watch?v=ytZD5GkFlp4 He's a rabbi, speaker, TV host, and author of seven books, including America's Real War, Business Secrets from the Bible, and Thou Shall Prosper-The Ten Commandments for Making Money. Instead of avoiding the seeming conflict in our culture between God and money, Rabbi Lapin is known for uncovering and unpacking Biblical wisdom to guide today's business leaders. Prepare to be challenged, changed, and grow… tune in now! Table of contentsWelcoming Back Rabbi LapinWhy Business MattersInvesting vs. Making Money in the First PlaceFaith and FinancesA Godly EconomyDoes God Want You to be Wealthy?About Rabbi Daniel LapinBook A Strategy Call Welcoming Back Rabbi Lapin [2:23] Rachel: “We believe alike when it comes to money. And it's amazing to me, to be able to understand the roots of what everything means, financially, and how that connects to our Christian faith, how it connects to biblical principles.”  And a common journey is reconciling faith with finances—how can you be a good Christian and a good entrepreneur without those things being in conflict? Fortunately, as Rabbi Lapin shows us, there's more overlap than you think. We've enjoyed having him as a guest several times before because he has a deep understanding of the bible and the financial wisdom within its pages.  [4:54] Rabbi Daniel Lapin: “We are not using our time today to try and surreptitiously convert people to faith. What we are trying to do, very forthrightly, is impact their bank accounts.” Why Business Matters We've talked about many of the Rabbi's books on The Money Advantage, and today is about one of his older books, Business Secrets from the Bible. What's great about this book is that it provides a strategic, spiritual approach to business. And the foundation of this approach is within the pages of the Bible.  The conversation begins with a few thought experiments, such as the one below: [13:15] “If retirement is such a good thing, what would happen if everybody in your world retired? According to the way many people think, people should say, ‘Well...God bless them, good for them. They've made enough money, they don't need to work anymore. It's great!' And that would be great until you decide you want to go to a restaurant for dinner. And then you discover that nobody's there because they've all got enough money, they don't need your money.”  [14:18] “Without other people, you have nothing.” The Impact of Inflation Rabbi Lapin brings another thought experiment into the conversation. He asks you to imagine you found a duffel bag filled with a million dollars. And to your surprise, it's addressed to you, as a gift from the white house. Your mind begins to fill with the possibilities of that money, and you call your friend to tell them. But before you can say anything, they tell you that they also received a million dollars from the white house. And you quickly come to learn that every single person got the same gift.  [17:40] “This is the mystique of money: if everybody got a million dollars, it is exactly the same as if no one got a million dollars. Really, nothing has changed.” Lapin takes it further and says if you don't understand, think about what you would do with the money. Say you want a specific BMW, so you go to the dealership to purchase it, because you can still use the money, right? But before you can find a salesman, you're in a line of 40 people, with only 6 or 7 of that particular BMW available. And the price of the BMW has also shifted to reflect this sudden infusion of cash in the economy.  These thought experiments serve to help people think differently about mo...

In this special episode James is a guest on The Money Advantage Podcast with Bruce Wehner and Rachel Marshall. The "noise", policy constructs, and much more are the topics of today's discussion. As always, we hope you enjoy and thank you for listening! ━━━Become a client!➫ https://www.bankingwithlife.com/how-to-fast-track-becoming-your-own-banker Buy Nelson Nash's 6.5 hour Seminar on DVD here: ➫ https://www.bankingwithlife.com/product/the-5-part-6.5-hour-video-series-nelson-nash-recorded-live/ (Call us at (817) 790-0405 or email us at myteam@bankingwithlife.com for a DISCOUNT CODE)Register for our free webinar to learn more about Infinite Banking...➫ https://bankingwithlife.com/getting-s...━━━Implement the Infinite Banking Concept® with the Infinite Banking Starter Kit... The Starter Kit includes Becoming Your Own Banker by R. Nelson Nash and the Banking With Life DVD by James Neathery. It's the perfect primer for everyone interested in becoming their own banker.Buy your starter kit here: ➫ https://www.bankingwithlife.com/exclu...━━━Learn more about James Neathery here: ➫ https://bankingwithlife.comLearn more about The Money Advantage Podcast here:➫ https://themoneyadvantage.com/━━━Listen on your iPhone through iTunes: ➫ https://itunes.apple.com/us/podcast/b...Listen on your Android through Stitcher: ➫ https://www.stitcher.com/podcast/bank...Listen on Soundcloud: ➫ https://soundcloud.com/banking-with-l...━━━Follow us on Facebook: ➳ https://www.facebook.com/jamescneathery/━━━Disclaimer: All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.

Are you planning to have multiple IBC policies, and don't know where to start? If you're already a few years into using the Infinite Banking Concept, you've seen and experienced the power of storing cash in a whole life policy. You're earning interest and dividends, have exceptional compounding power, and guaranteed access to use your money. You're also watching the death benefit increase. https://www.youtube.com/watch?v=nugZZ1HcrY8 Now you want to store more cash. It's time to think about how to use all your policies well and maximize their capacity. Today, we're continuing the conversation in our series about how to take your Infinite Banking to the next level. In the last episodes, we dug into how to maximize your current Infinite Banking Policy. Then, we talked about insuring other family members, like children and grandkids. Now, we'll talk about managing multiple policies. So if you want to hear about what to do after your whole life insurance policy is already working… tune in now! The Problem of Information “The internet has allowed us to be drowning in information while starving for wisdom.”  That's the unfortunate truth of the internet—everything seems like it is generated for clicks. That's why we are striving to help impart wisdom so that you can make the best decisions for your family today. The purpose of today's content is to help you take ACTION. Because too much information can cause inaction.  Storing Capital Everybody has a need to store capital. And there are many financial institutions that allow you to store capital: banks, insurance companies, Wall Street, pension plans, and your own home. The real work is in evaluating where your capital should go, in order to do what you want it to do. Remember: what is the purpose of your money?  Once you've identified what your money should do—evaluating the WHERE becomes simpler. And while there's no perfect solution, there are products with flexibility and control. Primarily, cash value insurance offers you liquidity, safety, growth, and certainty. More importantly, it can offer you flexibility and control. It's important that when your future is uncertain, you have something that IS certain. You may not know how much money you'll have in the future, or what your job will be, or how your family will grow. But by having cash value life insurance policies, you WILL know that you have money you can use strategically. You won't lose it if the stock market crashes, it will continue to grow, and you don't need permission to access it.  How do you have the best-case scenario no matter what happens?  The Purpose of Your Policy If you do not believe in the death benefit, and you're only worried about the cash value, then you should just keep your money in the bank. Rodney Mogen, who has joined us on The Money Advantage before, has expressed this sentiment. And we fully agree. While it's easy to talk about the benefits of the cash value in terms of infinite banking, it's harder to talk about the death benefit.  You can likely imagine why, as talking about death is often uncomfortable. We don't like to think about our own deaths, let alone the deaths of our loved ones. But it's an essential component of life insurance that helps protect the people you love from loss of income.  So if you're only interested in life insurance because of the cash value, and you're not invested in the protection component, how likely are you to maintain your policy? It becomes easier to manage a system of policies when you are also thinking of the generational impact. In other words, the income protection from loss of life, and the transfer of wealth that occurs therein. Why Take a Policy Loan? It's simple: control. It's popular now to use your cash value as collateral, in order to take a lower interest rate. Why pay the life insurance company 5% when you can pay the bank 3.5%? The answer is, it depends! 

On this episode, we sat down with Rachel Marshall and Bruce Wehner, of the Money Advantage. The Money Advantage is a team of financial freedom architects for wealth creators. Using their 3-step roadmap, you maximize your money by keeping more of what you make, protecting it, and turning it into cash-flowing assets. Their family office […]

On this episode, we sat down with Rachel Marshall and Bruce Wehner, of the Money Advantage. The Money Advantage is a team of financial freedom architects for wealth creators. Using their 3-step roadmap, you maximize your money by keeping more of what you make, protecting it, and turning it into cash-flowing assets. Their family office model brings you the concierge service usually reserved for the ultra-wealthy – a team of licensed professionals to coordinate every part of your financial life. This includes strategies for cash flow, long- term tax reduction, estate and business legal planning, creative whole life insurance strategies (Privatized Banking), and alternative investments. Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She is known for making money simple, fun, and doable. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money. Bruce Wehner is the Lead Advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. Bruce leans on his experience as an educator and varsity head coach, lifelong entrepreneur, and real estate investor. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child. Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show. Visit The Money Advantage here: themoneyadvantage.com On this episode you will hear about: 3 infinite banking secrets for investors and entrepreneurs. How to earn a return on the same money in 2 places at the same time. 3 keys to maximize profitability without hustling or cutting back. 3 things investors need to know before using infinite banking. How you might be able to earn a return in two places at the same time with the same money. Production Credits: The Self Made Strategies Podcast is a SoftStix Productions LLC jawn. This episode was hosted, produced, and edited by Tony Lopes.  Rachel Marshall and Bruce Wehner joined us remotely, via Google Meet. Executive Producer - Tony Lopes (SoftStix Productions LLC - info@softstixproductions.com) Host - Tony Lopes Guests - Rachel Marshall and Bruce Wehner Editor - Tony Lopes The Self Made Strategies Podcast is sponsored by CollegeCast LLC (www.collegecastpodcasts.com). Make sure you subscribe to the Self Made Strategies Podcast on your favorite podcasting platform, so you can catch the latest episodes. Copyright 2018 - 2021 SoftStix Productions LLC, all rights reserved. www.selfmadestrategies.com  

Rachel Marshall and Bruce Wehner   – The Insurance Marketing Organization Podcast with Seth GreeneEpisode004Rachel Marshall and Bruce Wehner Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She is known for making money simple, fun, and doable. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money. Bruce Wehner is the Lead Advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. Bruce leans on his experience as an educator and varsity head coach, lifelong entrepreneur, and real estate investor. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child. Listen to this insightful episode with Rachel and Bruce, chock-full of valuable financial tips: Here is what to expect on this week's show: Breaking out of old models of growing cash flow Why lack of control is a common mistake, and how to regain control of your money Learning to manage multiple income streams A sneak peek into Rachel's awesome upcoming book   Connect with Rachel and Bruce: Links Mentioned: https://themoneyadvantage.com/ Guest Contact Info: Facebook: https://www.facebook.com/TheMoneyAdvantage LinkedIn: https://www.linkedin.com/company/themoneyadvantage/ YouTube: https://www.youtube.com/channel/UCUs1TpZ6gJN2LxJYBsohd9w   Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the keys to Indestructible Wealth that you may have never considered: Making money in two places at the same time. Sounds too good to be true, right? The key to this is  going to surprise you. Don't miss this episode featuring Rachel Marshall from The Money Advantage.Ready for more? Learn how to create multiple streams of passive income in my book, Building Indestructible Wealth. You can also access The Indestructible Wealth Builder, (the system I used to go from $300 to $8 million in net worth), and ...

Bruce Wehner is a Financial Advisor and the Chief Cash Flow Strategist for The Money Advantage. He designs and communicates the individualized solutions that help the company's clients increase their cash flow and financial control. He also oversees the client experience and serves as the lead advisor and director for The Money Advantage.Bruce Co-Host The Money Advantage podcast with Rachell Marshall, who is the Co-Founder and Chief Financial Educator of The Money Advantage. She is known for making money simple, fun, and doable and helps her clients create time and money freedom with cash flow strategies, privatized banking, and alternative investments.Bruce has been an entrepreneur in the wealth industry since 2007. Now, he serves as a resource for The Money Advantage since its inception in 2017. Rachel on the other hand has been a business owner since 2007. Since 2011, Rachel has, motivated to control her time and destiny, and is helping others do the same.Listen in as they discuss:Rachel's journey to wealth creation.Bruce's journey in the wealth industry.Money managementWhat does The Money Advantage do?Is insurance by itself an investment?What it takes to become a wealth creator.The benefits of using privatized banking.What happens to a contract if you cannot repay your loan?Who is privatized banking not for?And, more!TIP OF THE WEEKMark: My tip of the week is learn more: figure out your cash flow, start building wealth, start learning about the miracle of compound interest, and how you can benefit from these. As long as you're responsible, get on a call with Rachel & Bruce. Learn more, themoneyadvantage.com.Scott: A lot of times you get this PDF document and you have to make some edits to it. If you don't have a PDF editor on your computer, go to a little website called cloudconvert.com. Upload your file, you can edit to your heart's content and download it. Rachel: Go read the book The Richest Man in Babylon by George S. Clason. It's super easy to read but I love that it is very foundational, financial principles and it starts with Set thy Purse to Fattening. It is the idea of paying yourself first and if you are building that foundational savings, have it. You're really going to set yourself, head and shoulders above anything, any other strategy. It's really focusing on what financial principle do I want in place in my life. After you have a principle then you can have a strategy to accomplish your goals, and then look at the tactics or the financial products. That is where the book can start laying out the foundational principles for you.Bruce: My tip is, to consume everything you possibly can consume from Dan Sullivan Strategic Quotes because Dan's whole mindset is about wanting to set your life up so that you're in a business setting whether as an employee or as a business owner or investor. You want to set your whole life up where you're taking your own abilities so you never need to retire. Because as Dan says, when you look at the word retire means take out of service, so you're no longer useful. Strategic quotes from Dan Sullivan, I would consume as much stuff as you can, and for the entrepreneurs out there 10x Multiplier Mindset Podcast (10x Talk Podcast) with Joe Polish & Dan Sullivan is very valuable for people.Want To Listen More?Did you enjoy this episode? Check out another one of our exciting episodes with special guest Brian Bradley as they discuss how to protect your assets and investments.Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Want to grow and scale a profitable business? It's just like growing a giant pumpkin! Back on the show after discussing Profit First, we have multi-best-selling author Mike Michalowicz to discuss some of newest books: The Pumpkin Plan, and Get Different. https://www.youtube.com/watch?v=it6WjNmBU7A I promise, a few minutes with this guy and you'll have a whole new perspective on your business. So if you want to transform your business, find out how to hit your sweet spot where you're serving clients you love, profitably, and marketing in a way that always gets results… tune in now! Table of contentsWelcoming Back Mike MichalowiczStand Out from the CrowdWhy You Should Profit FirstThe Mindset ShiftThe Pumpkin Plan1. Match the seed to the soil. 2. Pruning.Creating JobsA Special OfferAbout Mike Michalowicz Book A Strategy Call Welcoming Back Mike Michalowicz For the second time, we're excited to welcome Mike Michalowicz of Profit First back to The Money Advantage. You can read more from his first interview here. We're fans of Mike because he helps entreprreneurs bring profit into their business FIRST, so that they can help more people.  It's like putting on your own oxygen mask first, so that you can help others—you'll do more good for more people when you take care of yourself and your business.  Stand Out from the Crowd Mike recently asked his clients, “What is your biggest struggle right now?” And for most, their pain point was that they weren't getting consistent quality in lead flow. This prompted Mike to consider what the root of the problem was.  He determined that industry “best practices,” after some time, become a prime example of what NOT to do. That's because once they're adopted throughout the whole industry, everyone's the same. And prospects are seeking someone who stands out—someone who they perceive as  uniquely positioned to help them with their problems.  [3:23] “Do you vaguely remember getting that first email that was like, ‘Hey friend'?” In Mike's example, he recalls how excited he was to receive his first “hey friend” email. The initial feeling was one of excitement and belonging, until he opened it and realized that it was just marketing. The second time he got an email with that subject line, he was more cautious. And by the third, he stopped opening emails with that subject line altogether.  We're sure you can relate.  [3:57] “That points to the power of habituation. Meaning when we, the prospect, see something, we very quickly learn to qualify it as relevant or irrelevant. And ‘hey friend' is irrelevant. What I researched was how to break through the habituation. Best practices are the ‘hey friend's' of the world.” Why You Should Profit First [5:30] "Every time you...sell something, you have a responsibility to deliver up what you sold--that product or service. So the more we sell, the more responsibility we have. And as small business owners, that's more and more weight on our shoulders. It starts to show the cracks in the foundation. We don't have the deliverable systems in place, the sales aren't profitable. So we're putting more burden on the organization, without extracting health.” So instead of placing all focus on sales, new businesses should actually be focusing on profit (first). Once profits are in place, sales and efficiency can come next. Otherwise, having attention too divided can be dangerous.  The Mindset Shift [7:37] “Most entrepreneurs and business owners, like us, call ourselves entrepreneurs and business owners. I believe hose words have become bastardized. An entrepreneur is about hustle and grind, how bad do you want it, workaholism. And I think that's a horrible thing to put out into the market. I think what we are about is, we're a creator of jobs. Our job is to create a business that actually provides for people who want jobs. The way to make this mindset shift is to frame it with a different word.

Bruce Wehner and Rachel Marshall from The Money Advantage.   Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She is known for making money simple, fun, and doable. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money.   Bruce Wehner is the Lead Advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. Bruce leans on his experience as an educator and varsity head coach, lifelong entrepreneur, and real estate investor. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child. Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show.   During the show we discuss: ● Who can benefit from being their own banker ● Why you must have cashflow and learn to keep it ● Why you want to look into syndications to invest your money ● How to get control of your money instead of letting others do it ● Why most people fail financially and skip the protection component of investing ● How to develop a cashflow management system ● Privatized Banking in a nutshell ● Why Privatized Banking improve every area of financial life ● How Infinite Banking is like investing in real estate ● The pros and cons of infinite banking ● How to earn a return in two places at the same time with the same money ● The keys to maximize profitability without hustling or cutting back     Show resources: https://themoneyadvantage.com/

Finances can be simple, fun and doable if you set your mind to it. By keeping it simple and doable, you can reach your goals. Wouldn't that be fun. Our next guests are Rachel Marshall and Bruce Wehner from The Money Advantage, a team of financial freedom architects for wealth creators. Rachel is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage, where she is known for making money simple, fun, and doable. She's currently writing a book about her near-death experience and how it became the springboard for her family's multi-generational legacy of more than money. Bruce is the Lead Advisor and Chief Cash Flow Strategist of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. Bruce leans on his experience as an educator and varsity head coach, lifelong entrepreneur, and real estate investor. Bruce is an Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child. Bruce and Rachel are also the co-hosts of The Money Advantage podcast, the popular business and personal finance show. Bob, Rachel and Bruce Discuss: [1:33] Keeping it simple, fun and doable. [6:56] Understanding delayed gratification and developing the character to build wealth. [15:45] Living the life you want to live, now. [18:45] To don't lists. [29:46] The ripple effect. [32:41] The science of success and the art of fulfillment. Invest in yourself and learn more about Infinite Banking with The Money Advantage team. Connect With The Money Advantage - Rachel Marshall and Bruce Wehner: LinkedIn Page:  https://www.linkedin.com/in/rachelmmarshall/, https://www.linkedin.com/company/themoneyadvantage/ Twitter: Money_Advantage Facebook: https://www.facebook.com/TheMoneyAdvantage Instagram: https://www.instagram.com/themoneyadvantage/ YouTube Channel: https://www.youtube.com/c/TheMoneyAdvantage?sub_confirmation=1

637: The Money Advantage ,Rachel Marshall and Bruce Wehner, The Money Advantage   The Money Advantage Rachel Marshall and Bruce Wehner, The Money Advantage   – The Sharkpreneur podcast with Seth Greene Episode 637 Rachel Marshall and Bruce Wehner Rachel Marshall is the Co-Founder, Chief Financial Educator, and Content Strategist of The Money Advantage. She is known for making money simple, fun, and doable. She’s currently writing a book about her near-death experience and how it became the springboard for her family’s multi-generational legacy of more than money.   Bruce Wehner is the Lead Advisor of The Money Advantage, where he designs and communicates the individualized solutions that help their clients increase cash flow and financial control. Bruce leans on his experience as an educator and varsity head coach, lifelong entrepreneur, and real estate investor. He is a Nelson Nash Institute Authorized Infinite Banking Practitioner who has been practicing Infinite Banking since his parents started his first policy when he was a young child. Bruce and Rachel are the co-hosts of The Money Advantage podcast, the popular business and personal finance show. Listen to this illuminating Sharkpreneur episode with Rachel Marshall and Bruce Wehner about their podcast, The Money Advantage. Here are some of the beneficial topics covered on this week’s show: ●    Why the traditional Wall Street model is broken. ●    How it’s important for people to have streams of revenue coming from multiple sources. ●    Why investors are making mistakes within the broken Wall Street model. ●    How investors don’t have control over how much money they make from retirement. ●    How the intentions of a 401k was originally only meant to supplement pensions.   Connect with Rachel and Bruce: Guest Contact Info Twitter @Money_Advantage Instagram @themoneyadvantabe Facebook facebook.com/TheMoneyAdvantage LinkedIn linkedin.com/in/rachelmarshall linkedin.com/company/themoneyadvantage Links Mentioned: themoneyadvantage.com   Learn more about your ad choices. Visit megaphone.fm/adchoices

For high-paid working professionals, common investment strategies and financial advice just do not cut it. Rachel Marshall is the Co-Founder and Chief Financial Educator of The Money Advantage, empowering others to grow their cash flow and take control of their finances. Check out Rachel's latest webinar and learn other ways to save, grow, and protect your money: https://themoneyadvantage.com/findmoney/

Most people never maximize their full financial potential. That means they don't accumulate the assets they could, and what they do save and invest isn't protected and gets eroded too quickly. Then they take distributions in a way that shrinks their income, and they're always trying to outrun the fear of running out. https://www.youtube.com/watch?v=L2qIGF_hwn4 Sound too close for comfort? This doesn't have to be you.  We're talking with another of our stellar advisors on The Money Advantage team, Scott McCright. You'll hear the tenured experience he's gained in over 27 years of working with clients, and his approach as an educator, strategist, and engineer. So, if one of your goals for the NEW YEAR is a fresh start financially, where you take ownership and lock in a plan you're CONFIDENT will maximize your potential and do the most with your money… tune in below! Table of contentsIntroducing Scott McCrightDefining Financial FreedomStrategizing for Full Financial PotentialMindset MattersOpportunity CostReach Your Financial Potential with Privatized BankingBook A Strategy Call As we usher in this New Year, it's time to think about your finances with fresh eyes. We recommend starting by zooming out: by looking at the big picture of your finances, you can maximize your lifestyle with efficiency. That means maximizing your income, your protection, your assets, and ultimately, realizing your full financial potential. To do that, you have to know how the pieces fit together.  Today, we're sharing with you a way to think differently.  Introducing Scott McCright Scott is a member of the team here at The Money Advantage and offers a really valuable perspective to our clients. What we've seen time and time again is that he treats everyone as he would treat his friends. And that is so crucial to our mission here at The Money Advantage and treating finance like a team sport. After spending time in the Navy, Scott transitioned into the financial services world in 1993. He started first in insurance, and then moved to securities, when he had a realization. He was seeing time and time again that everyone was told to do exactly the same things. The advice wasn't tailored for the individuals, and no one was really hitting it out of the park either. How could everyone expect to have different results when they were making the same mistakes? So he joined hands with other professionals, to see if there was a better way to help people.  [7:25] “I'm a big believer in, ‘There's not one specific product that's going to get you where you want to go.' It's more in the how and the why you do things than it is the where.” Defining Financial Freedom The financial landscape has gone through many changes over the last few decades, though people can more or less agree on one thing: they are looking for financial freedom. We think one of the best places to start, as highlighted by Scott's quote above, is figuring out your “how” and “why.”  Get clear on what you want. What does financial freedom look like to you? What will you be able to do once you reach financial freedom, that you cannot do now? There are a few things that happen here when you get really clear on your vision. The first is, you can create a plan, or a strategy. If you're working with a team of advisors, bringing your ideas to the table can be a great asset to the process. The next thing that happens is, you create a sort of discipline, because you've pinpointed the future that you want for yourself. You're motivated, rather than defeated by what you don't have.  This combination pulls you out of the narrow view and allows you to think about your big picture finances. It's easier to create long-term strategies to reach your full financial potential when you're working toward specific dreams. This is the time to make sure that all the pieces and parts of your financial life are going to work together to get you there. 

Want to optimize your money and maximize your wealth and income for life, and curious about how we can help?  Been listening for a while and want to learn more about our company and what we can do for you? Today, we're taking you behind the scenes of The Money Advantage. https://www.youtube.com/watch?v=pS5o1gL_vzE So, if you want to get to know us, what we do, and why we do this work … tune in below! Table of contents“Why” The Money AdvantageRachel Marshall Bruce WehnerWhat is The Money Advantage Philosophy?Our 9-Step Signature ProcessFoundationProtectionIncreaseFinance is a Team SportBook A Strategy Call “Why” The Money Advantage Today, we're sharing more about who we are and why we do what we do. First and foremost, the Money Advantage exists to help wealth creators build financial freedom. There are three key components to this wealth building: Cashflow StrategiesPrivatized BankingAlternative investments We're your team of financial architects, and our goal is to help you get into a position where you never run out of money. What we so often see is people who make a lot of money, yet aren't being as efficient as possible. This can create a lot of financial stress. Money is emotional, and that causes people to hold their financial state close to their chest. Yet by not talking about money, we do ourselves a disservice. So we also look for ways to help people improve their money mindset.  Rachel Marshall  Rachel Marshall is the co-host of The Money Advantage Podcast, co-founder of The Money Advantage, and Chief Financial Educator. The education that she provides, through podcasts and articles and videos, helps you understand your financial life so you can choose a way forward. Her role is to look for any way possible to help you understand how to keep control of your financial life.  Rachel has been a lifelong teacher—helping others learn the concepts she was learning herself. She looks most forward to seeing that flash of inspiration and awareness when someone understands something they didn't know before.  Nine years ago, Rachel went into this business with her husband, Lucas. It stemmed from a desire to build their own financial freedom. And what they realized was missing, at the time, was liquidity. After recognizing the need of wealth creators to maximize cash flow and have access to capital, they recognized the tremendous value of Privatized Banking and began their own policy. Then, a near-death experience truly opened her eyes to the importance of the death benefit and helping others build the greatest legacy possible. Bruce Wehner Bruce Wehner is the Chief Cash Flow Strategist & Lead Advisor at The Money Advantage. Growing up in the 60s' and 70s opened Bruce's eyes to the financial struggles of business owners like his father. After Nixon removed the gold standard, massive inflation made it difficult for businesses to stay afloat, and interest rates were continuing to spike year after year. This got him thinking about personal finance, and how businesses worked.  He then began a teaching career of 17 years, in which he experimented with entrepreneurial pursuits. It was at this time that he became involved in the insurance business and real estate. Eventually, he landed in St. Louis, where he remains today, and works with e3 Consultants Group and The Money Advantage. Bruce is also a certified Nelson Nash practitioner, which means he focuses first on guarantees. Wealth building is first about the money you protect, not hitting a home run. So he helps people create financial teams and protect more of their wealth through guarantees.  What is The Money Advantage Philosophy? The financial status quo is to build the biggest pile of money possible and then live off of that money in the future. What happens too often with this strategy, is that the money is in the control of everyone else--investment managers, banks, and mortgage companies.

Are you looking for opportunities to invest in real assets for cash flow?  Today, we're talking with Dave Zook, a successful investor and syndicator who creates value for people through opportunities for investing in ATMs. We also discuss investing in other real assets: multi-family apartments, and self-storage.  https://www.youtube.com/watch?v=0HCjitn757s So if you want to learn about investing for cash flow in real assets that withstand market turmoil, tax-efficient investing, and creating momentum through stacking investments … tune in below! Table of contentsWhere Does Investing Fit in the Cash Flow System?How Investing in ATMs is Tax AdvantagedApplying the Tax Code to ATMsHow Does Investing in ATMs work?An Opportunity for 7 YearsThe Future of Investing in ATMsBegin Investing in ATMs TodayAbout Dave Zook The most popular alternative investments we talk about on The Money Advantage is real estate. Interestingly enough, investing in ATMs is almost like real estate, though it probably hasn't crossed your radar. ATM investing is a great way to invest for cash flow, and Dave Zook has changed the game.  No matter how large your pile of money is, cash flow is what allows you to build time and money freedom. You've got to have money flowing. Investing in ATMs is one way to create a cash flowing investment, with some significant tax benefits.  Where Does Investing Fit in the Cash Flow System? Investing is just one step in the path to time and money freedom. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.   Finally, you'll put your money to work, increasing your income with cash-flowing assets. How Investing in ATMs is Tax Advantaged Dave Zook stumbled into ATM investments after landing a tax bill of about $500,000. He realized that despite all the time and effort he had poured into his business, he'd still have to give half of his earnings back to the government. That's when he researched tax strategies, many of which we talk about on The Money Advantage. He discovered the secret to tax-free wealth using the incentives that the government wants you to take. Through investments and practices that support the economy, the government will reward you with deductions.  Multi-family apartments were Dave Zook's starting point to take these tax benefits. Providing housing is one of our favorite ways to slash taxes. It creates monthly cash flow, and it provides a necessary service to the public. The government doesn't want to act as a landlord, so by properly structuring your real estate deal, you can partake in certain deductions. Not to mention, your Privatized Banking system is an ideal way to fund the purchase of properties. This strategy helped him continue to have fun in his line of work, while simultaneously making money that he didn't have to lose. Thinking differently put Zook in a position to keep more of what he had and put it to work in more ways. By bringing his tax liability down to around 0-3%, Dave could invest in other asset classes like self-storage and ATMs. After passively investing in ATMs for a few years, a sponsorship team approached Zook to become a partner and scale the business. Now, they're one of the top 5 ATM operators in the country.  In Zook's words, “The times where you learn the most are when you're experiencing either great pleasure or great pain.” For him, having only a few days before April 15th to come up with a couple hundred thousand dollars was the catalyst for major change.  Applying the Tax Code to ATMs Section 179 of the tax code is a great incentive for businesses both big and small.

Today's guest on The Expat Money Show is Rachel Marshall, Chief Financial Educator & Co-Founder of https://themoneyadvantage.com/ (The Money Advantage). She is known for making money simple. fun. and doable. She is the co-host of https://themoneyadvantage.com/subscribe-to-podcast/ (The Money Advantage podcast), the popular business, and personal finance show. She teaches how to keep more of the money you make, protect it, and turn it into cash-flowing assets. I know some of you are thinking: Mikkel, Life Insurance....really? how boring! But I can tell you, this conversation with Rachel Marshall is super interesting. Really! There were so many questions for her, stuff people just don't know or understand, and once you've listened to this episode, you will. For true generational wealth, this is an amazing podcast to listen to. In Rachel's words: 'We help entrepreneurially-minded wealth creators build financial freedom with Privatized Banking, alternative investments, and cash flow strategies without working harder or sacrificing their lifestyle.'   TOPICS DISCUSSED IN DETAIL IN THIS INTERVIEW:Money Advantage Podcast withhttps://themoneyadvantage.com/mikkel-thorup-expat-living-and-offshore-investing/ ( Mikkel Thorup) Robert Kiyosaki The difference between the many types of insurance Having income is not the same as wealth Privatized banking Safe. Liquid. Growing. Whole Life Insurance - When did this start? Is it something new? Or old? Nelson Nash - NN Institute https://themoneyadvantage.com/ (TheMoneyAdvantage.com) Details of Whole Life Insurance Leveraging your insurance Generational Wealth transfer Compound Interest   HOW TO REACH RACHEL MARSHALLhttps://themoneyadvantage.com/ (TheMoneyAdvantage.com) Book a 30-minute call Free Guide - https://privatizedbankingsecrets.com/freeguide/ (Privatized Banking Strategies)   RELATED ARTICLES & PODCAST EPISODEShttps://expatmoneyshow.com/captivate-podcast/brandon-pearce-intentional-living-world-schooling-your-children/ (078: Brandon Pearce – How To Travel The Globe Homeschooling Your Children) https://expatmoneyshow.com/captivate-podcast/grant-cardone-how-millionaires-think-developing-millionaires-mindset/ (075: Grant Cardone – Developing a Millionaires Mindset) https://expatmoneyshow.com/captivate-podcast/clint-arthur/ (016: Clint Arthur – How To Position Yourself For Success)   FINAL THOUGHTSI loved this episode with Rachel Marshall and I learned a ton. Even though I'm a Canadian, I left before I got Life Insurance for myself and my family. As I found out today, Whole Life Insurance is really a special product for Americans and Canadians and that's why I had never heard of it, living in the UAE for 8 years. I'm really glad Rachel walked me through the concept of Generational Wealth and I can't wait to buy her book: 7 Generations when it gets published!   Support this podcast

We frequently discuss high cash value life insurance here at the Money Advantage, yet with the financial uncertainties of COVID-19, how safe are life insurance companies? https://www.youtube.com/watch?v=j9TZZf6hYjY How strong is the life insurance industry really? What impacts do today's low-interest rates, economic turmoil, and the pandemic have on my long-term growth rates and the policy guarantees? How do they affect the life insurance industry as a whole? Do insurance companies have enough reserves to weather low returns and higher costs? Are they able to maintain their guarantees? Are they still a safe place to put money?  If you want to see how low interest, low bond yields, and higher mortality can impact you as a policy owner, know if you can trust whole life guarantees for cash value and death benefit, and find out how strong this nearly indestructible industry is during unprecedented times, so you can know what to do, tune in now! In this episode on the safety of life insurance companies, you'll learn: How interest rates and bonds affect the life insurance industryWhy the US is better off right now than you'd thinkA brief history of the life insurance industryThe "checks and balances" of mutual insurance companiesAnd why COVID isn't impacting the industry as much as you'd expect Right now, many financial products and systems are in flux. That uncertainty may not instill confidence in your financial future. COVID-19 has certainly impacted the financial sphere, so let's unpack what that means for life insurance. The life insurance industry has long been a pillar of certainty and financial stability, and fortunately, we have high hopes that this will continue to be the case. Historically, these companies have outlasted even the toughest of financial straits. Table of contentsThe Safety of Life Insurance Companies is a Part of the Bigger Picture of Creating WealthHow Safe Are Life Insurance Companies Facing Internal Challenges?The History of the Life Insurance IndustryLow Interest RatesBond Yields Follow Interest RatesMutual Companies Are Positioned for the Long-GameMortality Isn't a Current ConcernSo How Safe Are Life Insurance Companies? Resources to Evaluate the Financial Safety of Life Insurance CompaniesReady to Start Your Life Insurance? The Safety of Life Insurance Companies is a Part of the Bigger Picture of Creating Wealth While the safety of the industry is a critical piece of protecting and preserving your wealth, it's just one small piece of the bigger journey to creating time and money freedom. That's why we've developed the 3-step Cash Flow System. It's your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. How Safe Are Life Insurance Companies Facing Internal Challenges? Many of the current concerns around whole life insurance relate to the low interest, low bond yields, and low internal growth we're seeing right now. We don't blame people for translating this slow-down as a warning sign. In addition, there's a possibility of higher claims in a pandemic—and will the companies have enough capital to weather that storm? If you're considering the impact of these factors on your life insurance policies, you're on the right track. It's important to stay ahead of the curve for your financial well-being. So, let's look into some of these concerns and find the truth in these statements. The History of the Life Insurance Industry Fortunately for policyholders, the life insurance industry has a long history of navigating tumultuous financial times. Historically,

https://www.youtube.com/watch?v=p2xDUahEtWc Do you want to invest in real estate?  Do you want it to feel effortless and productive, without getting slowed down, veering off course, and stuck by number-crunching and over-analyzing? In this episode, we discuss real estate investing for women with Monick Halm, the creator of Real Estate Investor Goddesses. So if you want to be empowered to own your financial future, invest in real estate, and use your own unique gifts as an investor, and not try to invest like someone else, so you can build time and money freedom … tune in now! In This Episode with Monick Halm About Real Estate Investing, Find Out: Why women should consider real estate investing as a pathway to financial security and independence.Why operating from the feminine in real estate investing helps women to be far more successful.Why knowing different investing strategies radically empowers you to robocharge your success. Who Is Monique Halm? Monick Halm is an educator and advocate for women to create passive income streams through real estate investing.   Her mission is to assist 1 million women to achieve financial freedom through real estate.   She is the founder of Real Estate Investor Goddesses, and is herself a real estate investor and syndicator with over 14 years of real estate investing experience in multi-family, mobile home and RV parks, flipping, commercial, vacation rentals, and ground-up development.  Together with her husband and her investors, she owns over 1300 rental units across 6 states. She is the #1 bestselling author of The Real Estate Investor Goddess Handbook and Wealth for Women: Conversations with the Team That Creates the Dream, and host of the Real Estate Investor Goddesses Podcast.   She is also a Real Estate Strategy Mentor, keynote speaker, recovering attorney, certified interior designer, Feng Shui expert, avid world traveler, wife, and mother of three amazing kids. Learn More About Monick Halm and Real Estate Investor Goddesses Visit Real Estate Investor Goddesses to findReal Estate Investing Guide From $1 to $1 MillionHow to Get Started in Real Estate Investing Even As A Busy Professional Woman WebinarThe Real Estate Investor Goddesses PodcastThe Real Estate Investor Goddesses Investor ClubThe Virtual Wealth Through Real Estate EventThe Real Estate Investor Goddess HandbookWealth for Women: Conversations with the Team that Creates the Dream Want to Boost Investment Returns with Privatized Banking? Find out the exact Privatized Banking strategies our clients are using to build investment capital, create financial stability, boost investment returns, forge a legacy, and design your financial freedom. To discuss your life insurance strategy, or implement Infinite Banking, alternative investments, or passive cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, please take a minute to leave us an honest review and rating on Apple Podcasts. They really help us out when it comes to the ranking of the show. And I make it a point to read every single one of the reviews we get. Thanks for listening!

https://www.youtube.com/watch?v=AO7Y3RkLaFI Want to get the most income later in life?  Your success depends not on one product, but the coordination of financial tools and your entire personal financial system.  Whether your focus is on acquiring cash-flowing assets or you have a more typical investment portfolio, whole life insurance and annuities can play a critical role.  That's why we're talking with Dr. Wade Pfau, a widely-recognized expert on income strategies with whole life insurance. So if you want to get the most income during retirement, have the greatest chance of not running out of money, leave the greatest legacy, and see why the higher premium of whole life is worth it over "buying term and investing the difference", tune in now! In this episode, you'll find out: Why the typical approach to retirement planning leaves so many in scarcity with the possibility of running out of money.How an integrated strategy using life insurance products with an investment portfolio provides more income during retirement.3 ways whole life insurance is more than an income replacement that's no longer needed after retirement.Why a financial strategy that includes whole life outperforms “buying term and investing the difference.”How you can spend more during retirement and pass on a bigger legacy.How whole life insurance and annuities provide an “actuarial bond” environment to replace traditional bonds in the typical asset allocation. This divides the functions of growth and income into separate assets, and give you more growth and more income.Why life insurance that uses bonds is better than buying bonds directly.How to preserve your investment portfolio and minimize the sequence of return risk, giving you more income during later years. About Dr. Wade Pfau Wade D. Pfau, Ph.D., CFA, RICP, is the curriculum director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. He is also a Principal and Director for McLean Asset Management. Dr. Pfau holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income.  He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an Expert Panelist for the Wall Street Journal.   Dr. Pfau is the author of several books on retirement income strategies.  Dr. Wade Pfau Links and Mentions RetirementResearcher.comSafety-First Retirement Planning: An Integrated Approach for a Worry-Free RetirementHow Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income StrategiesReverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement Find Out Your Next Step to Time and Money Freedom If you would like to assess your complete financial picture and find your personal best strategy to maximize your cash flow and control, we can help. By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking gives you the most powerful storage tank for your cash, PLUS it boosts investment returns, so you can more quickly get to the point where you never run out of cash. If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, if you like these conversations about building time and money freedom, please rate and review our show on Apple Podcasts to help ...

Have you considered investing offshore, or even becoming an expat and living abroad?  Today, we're talking with Mikkel Thorup, of The Escape Artist, about how to have more travel, freedom, and control.  https://www.youtube.com/watch?v=9Ju5Jyt4zEU So if you want to travel and live overseas, invest internationally, shrink taxes and grow your wealth, tune in now! In this episode, you'll discover: Why living abroad is easier and more attainable than you may think.How to work in another country to fund your travel - stories from experience with international travel and work visas.How curiosity and an obsession to understand the world fueled nearly 20 years of continuous travel.What to think about before becoming an expat.Why diversify your investments geographically, politically, across currency, and across time. Who Is Mikkel Thorup? Mikkel Thorup is an expert in expat living and investing offshore. He's the Best Selling author of Expat Secrets: How To Pay Zero Taxes, Live Overseas & Make Giant Piles Of Money. Mikkel has spent nearly 20 years in continual travel around the world. He's visited more than 100 countries, including Colombia, North Korea, Zimbabwe and Iran. He's lived as an Expat since early 2000's, making his home in Central America, South Pacific, Asia, the Arctic, and North America, as well as the Middle East. Throughout his explorations, Mikkel Thorup has kept a keen eye on different investments and businesses. Putting money where his mouth is and finding some very interesting and often very different opportunities. Mikkel Thorup believes people should understand that just because someone was born in one country it doesn't mean that they need to spend their entire lives there, and it certainly doesn't mean they need to keep their money and investments there. Often there are huge tax advantages and economic benefits to building your business and wealth abroad. A high school dropout, Mikkel started failing out of school at 12 and completely left school by 15 years old. But he never gave up his passion for learning. Now, he still enjoys reading over 100 books a year on topics such as entrepreneurship, marketing, economics, and investing. Mikkel is a firm believer in continual education and chooses to reinvest a large portion of his income back into himself through courses, training and coaching every year. He has made it his mission to serve others and constantly gives back to the community by sharing his knowledge in Entrepreneurship with the hopes of impacting others in a positive manner. Learn More About Expat Living and Offshore Investing with Mikkel Thorup If you'd like to learn about offshore bank accounts, offshore companies, and offshore trusts, or explore residency, visas, second passports, buying property or working in another country, or even learning another language, follow Mikkel's work. Check out EscapeArtist.com. Listen to The Expat Money Show here. Get his book, Expat Secrets: How To Pay Zero Taxes, Live Overseas & Make Giant Piles Of Money. Check out the Offshore Escape 2020 Summit. Want to Talk About Life Insurance? To discuss your life insurance strategy, or implement Infinite Banking, alternative investments, or passive cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, please take a minute to leave us an honest review and rating on Apple Podcasts. They really help us out when it comes to the ranking of the show. And I make it a point to read every single one of the reviews we get. Thanks for listening!

https://www.youtube.com/watch?v=_gXkzuxoWaQ Are you looking for unconventional ways to get out of student loan debt? Today, I'm talking with Stephanie Bousley, millennial debtor-turned-success story and author of Buy the Avocado Toast, about how she's creatively tackling $289K of student loans. (Hint: it wasn't with mainstream advice.) So if you want to pay off student loan debt, build faith in yourself, and crush the feeling of failure and guilt that comes with debt so you can live the life of your dreams, tune in now! In this Episode, You'll Discover: Why the mainstream advice about paying off debt never resonated with Stephanie and would have kept her living in scarcity for 20 years.How she saved $20 - $30K in taxes by living as an ex-pat in Singapore.Why you shouldn't always pay the minimum on your student loans, even if you qualify for income-based repayment.How she fixed her credit and paid off $150K of student loan debt in 8 years, without putting her life on hold to do it.Why the internal work of finding your worth, asking for what you want, and removing external validation from your goals is so critical to making financial progress.The Cash Flow Index strategy for evaluating which loans to pay off, based on how much cash flow they use up monthly.The #1 piece of advice for students selecting a degree program to make sure you don't select a degree program that prohibits you from working in your chosen field.How to repair your credit and refinance your loans.Why your underlying opinions of having money or not having enough are mental constructs that you may need to change to accomplish your goals.Why your debt doesn't define you. Who is Stephanie Bousley? Stephanie Bousley is the author of Buy the Avocado Toast: A Guide to Crushing Student Debt, Making More $$$, and Living Your Best Life.  She graduated from New York University's Tisch School of the Arts with an MFA in Film Production with nearly $200,000 in student loan debt. Three unpaid internships in the film industry later, the debt snowballed at interest rates of 8.5%, reaching $289,000 at its peak. Then it all changed. A series of random events propelled her out of the U.S. to Singapore, where she got a job in finance, something she never expected to happen given her MFA degree. A solid income and hefty bonuses rejuvenated her desire to get her life back on track on every level.  What she learned can help so many people who, like her, feel hopeless about their student debt. Get Your Copy of Buy The Avocado Toast Find out more about Stephanie Bousley and get a copy of her book, Buy The Avocado Toast today at https://www.amazon.com/Buy-Avocado-Toast-Crush-Student/dp/1641702389. Start Building Time and Money Freedom Today Are you trying to decide which debts to pay off, whether to make extra payments and where you can best store your cash so it's growing and you can use it along the way? If you would like to strategically evaluate your debt pay-off plan so that you have the maximum certainty and peace of mind, book a call with our advisor team here. We'll help you prioritize the best use of your cash, so you can gain control and increase your cash flow. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, please take a minute to leave us an honest review and rating on Apple Podcasts. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the reviews we get. Thanks for listening!

https://www.youtube.com/watch?v=7HaB0RGNNJQ Are you looking for practical guidance on how to create passive cash flow from real estate?  Today, we're talking with Lane Kawaoka, of SimplePassiveCashflow.com about real estate investing for cash flow. He's a second-time guest on our show. We've brought him back because his work is so valuable to help you build time and money freedom. You can find his last interview here: https://themoneyadvantage.com/lane-kawaoka-simple-passive-cashflow/. So if you want to find your tribe, know how to evaluate and find the best deals, and invest in the right deals so you can build an asset portfolio quickly, tune in now! In this episode on passive cash flow, you'll discover: The most important thing you need to get started with building passive cash flow.Why Lane doesn't flip houses.The top two time-wasters that keep people stuck and not moving forward with building cash flow quickly.The three things that determine your blueprint for passive cash flow.Why you don't need to read every chapter of every book to figure out passive investing.The one thing you need to find out what markets to invest in.The one simple financial formula you can use to calculate whether a single-family turnkey property is a good investment.Why you should nourish the property management relationship first.How to find out the rubric, steps, and order to take to build passive cash flow quickly. About Lane Kawaoka Lane has been investing for over a decade and now controls 3,500+ units.  As owner of CrowdfundAloha.com, SimplePassiveCashflow.com, and ReiAloha.com, Lane is responsible for finding investment opportunities, analysis, and marketing. Lane obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. In addition to an analytical engineering background, he has real-world experience in working as a project manager for over $250 million dollars of capital construction projects in both the public and private sectors. Working as a high paid professional in Corporate America and frustrated by the traditional wealth-building dogma, Lane was compelled to inspire and mentor other working professionals via his Top-50 Investing podcast at SimplePassiveCashflow.com. Speed Up Your Passive Cash Flow If you want to get started with turnkey real estate, and your net worth is under $250K, check out Lane's free resources at https://simplepassivecashflow.com, especially the first 12 podcasts. To improve results and shortcut the process, get the curated rubric of what to look for and how to analyze properties with Lane's Passive Investor Accelerator eCourse. Or, jump to the front of the line and join Lane's mastermind, too. Find out what Lane is investing in and get access to deal flow through his real estate operations company and Hui Deal Investment Club, where he analyzes and purchases multifamily and mobile home parks for private placement and syndication. You'll get familiar with the vernacular like splits and reversion cap rates. It's free to join, and you don't have to be an accredited investor. Want to Talk About Life Insurance? If you have life insurance questions, we'd love to connect. To discuss your life insurance strategy, or implement Infinite Banking, alternative investments, or passive cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, please take a minute to leave us an honest review and rating on Apple Podcasts. They really help us out when it comes to the ranking of the show, and I make it a point to read every single one of the revie...

https://www.youtube.com/watch?v=5iloY--jnx4 Do you want to find out how to use short-term rentals to create cash flow right now? Today, we're talking with J. Massey, CEO and Founder of Cashflow Diary, about how he built a 34-unit-and-counting short-term rental business from scratch. So if you want to know why short-term rentals are the perfect fit for today's economic landscape, find out if they will work in your location, and how to get started, so you can start generating cash flow today, tune in now! In this episode, you'll discover: Why short-term rentals are the "gateway drug" for real estate investing.How you can leverage short-term rentals without owning property.How short-term rentals give you the opportunity to get your investment back in cash flow within 10 - 18 months.The one and only thing you need before you can start a short-term rental business.How to build a recession-proof business and scale by developing multiple points of distribution.How to involve your kids in reaching business goals to transfer the one skill they need to be successful. Who Is J. Massey? J. is an expert in short-term rentals, who we're bringing back on the show for a second time. Check out his first interview about Creating Cash Flow with Real Estate here. His accomplishments include: CEO and Founder of Cash Flow Diary, a training and development brand for building short-term rental entrepreneurs.Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investment training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units.When one of his students asked him what he knew about the world of short-term rentals, the answer was, not very much.Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit (46 bedrooms)-and-counting short-term rental business from scratch - which he still owns, grows, and operates - and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs.Now he's built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events. Get Started with Short-Term Rentals Find out how you can fast track your cash flow goals at cashflowdiary.com/howmanyunits. Or learn more about J. Massey and Cashflow Diary at cashflowdiary.com. Find Out Your Next Step to Time and Money Freedom To secure a bunker to build investment capital that will magnify your investment returns, start your Privatized Banking System today. By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking is the most powerful storage tank for your cash, PLUS it boosts investment returns without taking on more risk. If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, if you like these conversations about building time and money freedom, please rate and review our show on Apple Podcasts to help more people like you find our show.  Thanks for listening!

https://www.youtube.com/watch?v=UpA90RRTBUM Have you wanted a way to share your greatest possible gift of love with your spouse, children, and loved ones, but weren't exactly sure how? The best gift requires out-of-the-box thinking because it's not something you can buy at Hallmark. Investments Don't Hug, by Mark Bertrang, shows you how. It's the most poignant, emotional, and compelling book about life insurance that demonstrates the real-life significance of an asset that is truly the embrace that outlasts you. In this episode, we interview the author about the embracing power of life insurance. So if you want to simplify financial planning with a disciplined approach that gives the most certainty, make the financial choices today that you will be most grateful for in the future, and take the absolute best care of your family so you can preserve your family's respect and dignity even during the most challenging circumstances, tune in now! In this episode on Investments Don't Hug with Mark Bertrang, you'll discover: How life insurance offers the greatest reassurance, hope, and love when you go through your worst.How to plan as if you will die tomorrow, and live as if you are going to live forever. Why having a default plan allows great opportunities to present themselves today.Why the pandemic has reminded us of the importance of guarantees and ‘safe', liquid assets.How life insurance allows you to begin with a Plan B, in the event Plan A fails.The whole life nonforfeiture options for the worst-case scenario, and why the safety net and flexibility can be a tremendous source of comfort and confidence.Why you can never be insurance poor.How life insurance embraces and carries you as you transition from one stage of life to another.How exactly you can do what's in your control today to gain certainty for your future.Why your family's estate plan should be refreshed at least once every ten years.How to store years' worth of income, so you never lose sleep about losing a job. Real-life stories of how life and disability insurance carried clients through life circumstances, so you can come face to face with your own mortality, and still have the final say. Who Is Mark Bertrang? Mark Bertrang, CLU®, ChFC® is the creator of the Financialoscopy®. As a professional communicator, broadcasting was his first career. But for more than a generation, Mark has communicated the message of financial security. In his book Investments Don't Hug, Mark shares stories of pain, anxiety, and joy that illuminate tools for clients to take charge of their own lives. Important lessons are woven through the stories of real people living real lives, instead of imaginary tales where everything goes right and there's always a happy ending. Two values come through loud and clear. The first is love: the love for your spouse and the love for your children. The second is a belief that we are all called to a higher purpose, a greater good. It's not about being centered on ourselves. Instead, it's about the giving of our time, our talents, our resources, and our love which can impact our family and our communities for generations into the future. Want to Talk About Life Insurance? If you have life insurance questions, we'd love to connect. We'll help you make the financial choices today that you will be most grateful for in the future, and take the absolute best care of your family with the greatest gift of love that money can buy. To discuss your life insurance strategy, or implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Investments Don't Hug Links and Mentions From This Show Get your copy of Investments Don't Hug on Amazon, Audible, or HERE: https://www.investmentsdonthug.com. Check out the Discovering Wisdom Over Coffee, with Mark Bertrang podcast.

https://www.youtube.com/watch?v=OtoJj87wu30 Do you need to expand your financial vision?  Most people have self-imposed limits on their financial vision and don't even know it. In this episode, we discuss why expanding your financial vision is the key to financial success. And making this conversation even more relevant, we have Dean Myers sharing the story of his recent medical crisis, miraculous recovery, and the restoration of his physical vision.  Dean is one of The Money Advantage team's client coordinators, with an uncanny unique ability to draw out and expand our clients' financial vision.  So, if you want to feel great about your money, accomplish your financial goals, and make your financial worries a thing of the past so you can live a life more fulfilling than you can imagine, tune in now! In this episode, you'll discover: The severe double health crisis he miraculously recovered from.The residual condition affecting his vision, and the unconventional way he's taking control of his restoration and recovery.How the physical vision relates to clarity and focus in your financial vision.How The Money Advantage team helps you expand your financial vision by discovering what you want the most.Why most people have limited financial vision.How to know if your financial goals are too small.The most important thing you need to do to expand your financial vision. About Dean Myers Dean strives to bring the motto, “It's not my work. It's my passion!” to The Money Advantage team every day in his role as a Cash Flow Strategist. His passion for personal service is of the utmost importance. He joined The Money Advantage because of their desire to help people advance the purpose of their money. This selfless approach that seamlessly incorporates education became the foundation of Dean's practice at The Money Advantage. He now holds several industry licenses, including a health and life license, Series 7, Series 63, and Series 65. One of Dean's favorite hobbies is teaching. Whether that comes through in the form of coaching soccer, tutoring students, or teaching clients about money, he thoroughly enjoys the educational process. Dean joins our team from Nashville, TN, where he is part of a large, tight-knit family, including two brothers and six sisters that he is extremely close to. Expand Your Financial Vision Today Get clear on and expand your financial vision, so you can get your money to do the most and maximize your financial outcomes. If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We'll review your situation to help you decide what moves are best for you. To start the conversation, book a call with our advisor team. Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

We all have the opportunity to upgrade our environment, inner circle, and mindset. In fact, it's a prerequisite for living your best life! Today, we're talking with Mark Battiato, co-founder of the Growth Into Greatness Institute, about growing your business, having the maximum impact, increasing profitability, and becoming the best version of you. Who Is Mark Battiato? Mark Battiato is an Entrepreneur Business, Life and Possibility Coach Co-Founder of The Growth into Greatness InstituteAuthor of Geronimo, 8 Jumps to Your Supercalifragilisticexpialidocious LifeAnalyzed over 500 dental practices in the US since 1992Helped hundreds of dentists reduce overhead, simplify their business, improve net profit, and increase time off for the whole team Conversation Highlights How Mark met Jim RohnThe funny story about how he met, and then came to be mentored by Jim Rohn's mentor, Bill BaileyThe difference between knowledge and wisdomHow Mark found the key to his first business failure in the e-MythHow to find and create your inner circle Find Out More About Mark Battiato Learn more about profitability solutions for dental practices at http://www.greatnessinstitute.com/. Find Out Your Next Right Step to Time and Money Freedom If you are ready to personally implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today.

https://www.youtube.com/watch?v=_pFTv5igQXc Do you want to find out how to get the most income with reverse mortgages, and still have the cash to replenish your estate and pass on a legacy?If you want to maximize income, especially during your later years, understand how to get a permission slip to get more income with a reverse mortgage, and gain control by having more financial options, so you can boost your confidence in your own financial stability, both now and in the future, this episode is for you! In this episode, you'll discover: How reverse mortgages can convert home equity into cash or income.How the Baby Boomer's $7.2 Trillion of home equity in their current homes can be used to supplement their retirement and medical needs.The 4 options available to custom-design a reverse mortgage to meet your specific financial goals.How a reverse mortgage allows you to minimize the risk of having to take money out of your portfolio when the market is down and never being able to recover.The secret that makes income from a reverse mortgage income tax-free.The reverse purchase that makes it possible to downsize, or rightsize to a new home during retirement, never owe a mortgage again, and still have cash on hand.How a reverse mortgage can increase your cash flow by reducing expenses and increasing income, often at the same time.How a reverse mortgage affects your legacy and your kid's financial economy.The advantage of using whole life insurance death benefit to replenish your estate, giving you permission to use up other assets, and still maximize your legacy. About Mike Stanley (Michael) Michael Stanley is an expert in reverse mortgages whose accomplishments include: Serving the mortgage industry since 1995Focused exclusively on Reverse Mortgages for the last 12 yearsBranch manager of Universal Mortgage & FinanceLives in Virginia Beach VA with his wife of 35 yearsLoves spending time with his son, daughter-in-law, and a beautiful granddaughter Find Out Your Next Right Step to Time and Money Freedom If you'd like to take the one next right step into ensuring the most options for future income, get whole life insurance with a guaranteed death benefit today. This tool will be your permission slip to use up other assets and still have the greatest possible legacy. By the way, we have a free Quick and Easy Privatized Banking Guide that outlines just how Privatized Banking gives you the most powerful storage tank for your cash, PLUS it boosts investment returns, so you can more quickly get to the point where you never run out of cash. If you are ready to personally implement Privatized Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Reverse Mortgage Resources & Mike Stanley's Contact Info: Calculate your options with a reverse mortgage or find out more at www.umafi.com. You can also text or call Mike Stanley directly at (757) 646-4147. Thanks for Tuning In! Thanks so much for being with us this week. Have some feedback you'd like to share? Please leave a note in the comments section below! Don't forget to subscribe to the show to get automatic episode updates for The Money Advantage podcast! And, finally, if you like these conversations for increasing your financial control and certainty, so you can have confidence and peace of mind, and prosper regardless of the economy, please rate and review our show on Apple Podcasts to help more people like you find our show. Thanks for listening!

https://www.youtube.com/watch?v=FtX1shbUJ_0 The death benefit sounds like the least attractive and most basic part of life insurance.  Wouldn't the only people talking about it be either a doomsayer or Captain Obvious? Far to the contrary! Life insurance death benefit offers a tremendous advantage that enhances your life and makes it so much richer.   So we're taking this topic head-on in today's episode and discussing the 5 reasons you want to have a life insurance death benefit. And to add some flavor to the conversation, we're introducing you to Ryley Smith, one of The Money Advantage's advisors. So if you want to discover and solve your top priority financial concerns, take care of your family, and be able to spend and enjoy more of your money and live on beyond yourself, tune in now! You'll be surprised at the depth of this inspiring, thought-provoking, soulful conversation that will help you put your best foot forward to living your best life. In This Episode About Life Insurance Death Benefit, You'll Discover: Why the death benefit is the most powerful thing about life insuranceThe living benefits the death benefit provides, even if there's no cash valueHow the death benefit allows you to spend and enjoy more of your moneyHow most people give up financial control to banks and financial institutionsThe 3 questions you should ask yourself when buying anythingThe 5 reasons why you would want life insuranceThe 3 ways whole life insurance can have no costThe only way money has value to youThe 7 levels deep exercise to get to the heart of what you really wantThe 1 surprising question you should ask yourself at the end of each day to live your best life Who is Ryley Smith? Ryley Smith is an inspiring human who serves The Money Advantage clients by helping them articulate their vision, discover their financial picture, and create a strategy to get the most cash flow and control. Here's a bit more about his background. Advisor for The Money AdvantagePassionate about sharing the truth behind financial conceptsLicensed Doctor of Physical Therapy, and former Certified Athletic Trainer, and Certified Strength and Conditioning SpecialistGrew up in Carthage, Illinois enjoying the small-town life with family and friendsVery active in sports growing up and into collegeAn avid reader and enjoys being active outdoors and with personal fitness Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We'll review your situation to help you decide what moves are best for you. To start the conversation, book a call with our advisor team. Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

https://www.youtube.com/watch?v=aQ1aApSPch8 Ready to invest in real estate, but don't know where to start?  In this episode, Jeff Schechter "Shecky" and Jack Gibson discuss buying your first investment property - a turnkey rental. So if you want to springboard into asset-based cashflow, be fully prepared, and buy the right property so you can replace your income with a real estate portfolio, tune in now! Where Does Investing Fit in the Cash Flow System? Investing is just one step in the path to time and money freedom. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.   Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will help you take the plunge into your first investment property. Who is Jeff Schechter "Shecky"? Jeff Schechter "Shecky" and Jack Gibson are the owners and operators of High Return Real Estate.  We interviewed Jack Gibson about his background and the High Return Real Estate investment opportunity here.  Shecky's accomplishments include: Started first business right out of collegeDeveloped sales and marketing strategies that have worked well across many industriesNumerous businesses venturesBegan flipping personal residences in the 1980sBought and sold many propertiesActive investorPrivate consulting practice, coaching hundreds of business owners, and thrive on helping people realize their full potential, not just in business, but in all aspects of life! In This Interview with Jeff Schechter, You'll Discover: Once you have the cash, pick a property that makes sense, then pull the trigger.Have a holistic approach - more important than analyzing the numbers, know who you are doing business with and the reputation of the person you are buying from.Price and numbers don't tell the whole story - there is always variance from the numbers on the pro forma.Work with someone who has the wisdom of experience, who can buy in volume and get better deals.A great turnkey provider will provide full transparency, before and after pictures, the scope of work, current condition with third-party inspection, and checklists of what was done.Cash-on-cash returns are a benchmark, but they don't tell the whole story - instead, recognize the five areas of asset build-up that make real estate an IDEAL investment: Income, Depreciation, Equity build-up, Appreciation, Leverage.Take responsibility for your self-education.Revel in the experience and accept it as a learning experience - there is no better teacher than experience, don't judge every nuance as good or bad.With the experience under your belt, don't stop. Look for ways to scale and develop a performing portfolio to create financial independence.  Replicate good investments.  Put together your cash for the next investment. Never stop learning.If you're looking for perfection, don't get into real estate investment.Most importantly, stay in your lane - if you're a professional or entrepreneur, stay hyper-focused on scaling your business. Then, take your profits, find out how to leverage the professional and invest with them.  That's how you cut the steep learning curve as you start on your investing journey. Find Out Your Next Right Step to Time and Money Freedom If you are ready to personally implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Turnkey Real Estate Links & Mentions From This Episode: Learn more about how you can improve your results with turnkey real estate with Jeff Schechter,

https://www.youtube.com/watch?v=Q31siMqC7is Rod Khleif has transformed from losing $50 Million to living a spectacular life and achieving everything he's dreamed of. Rod is a passionate real estate investor who has personally owned and managed over 2000 properties. As one of the country's top real estate, business, and peak performance luminaries, Rod has also built over 23 businesses in his 40-year business career.Rod khleif is also the author of How to Create Lifetime Cashflow through Multifamily Properties, coach and mentor for multi-family investors, and host of the top-ranked Lifetime Cashflow through Real Estate Investing podcast. Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators taking control of our lives and financial destiny.  It's not enough to make a high income.  You have to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will expand your education and paradigm of investing. Who is Rod Khleif? A compelling rags-to-riches-to-rags-to-riches story, Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Rod's experience involves both remarkable triumphs and spectacular failures, which he affectionately calls “seminars.” Rod brings incredible authenticity and insight to his approach to business, success and life. Rod loves training and coaching the “psychology of success” to aspiring real estate investors and entrepreneurs. He can train and coach on virtually any business or success related topic in great depth, contributing incredible first-hand, technical, and motivational knowledge and skills. Rod Khleif has combined his passion for real estate investing with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America's top real estate investment and high-performance life coaches. As an accomplished entrepreneur and business owner, Rod has built several successful multi-million dollar businesses. But ask him what he is most proud of, and he will tell you about his work as a community philanthropist. Giving back to the community is a major passion for Rod. He is the founder and long-serving president of the Tiny Hands Foundation, a children's charitable foundation that leads several annual community charitable initiatives including: Back-to-School Backpack Brigade; provides thousands of new backpacks filled with school supplies to community school children in need. Teddy Bear Brigade; provides thousands of Teddy Bears for community police department patrol cars to be given out by police officers to comfort children in distress. Holiday Basket Brigade; provides thousands of Holiday Gift Baskets filled with food and Christmas toys to community children and families in need. Over the past 14 years, Rod's work has benefitted more than 75,000 underprivileged community children. Rod Khleif's Goal Setting Exercise to Get Everything You Want Out of Life Set aside one hour of uninterrupted time. Write down everything you want out of life. Outline the stuff you want to do, the things you want to learn, and who you want to help.Put a time limit on each goalPick your #1 priority that you'll focus on right now.Write down your top three 1 year goals on another sheet of paper, leaving space between them.For each of your one-year goals,

https://www.youtube.com/watch?v=T8YrxVLGUO8 In this episode, we interview Jorge Newberry, CEO of American Homeowner Preservation, about how to invest in distressed mortgages with as little as $100. So if you want to get between 7 - 12% annual cash returns paid out monthly, understand your investment, and make a huge difference in families, neighborhoods, and communities, starting with a small investment, without having to be an accredited investor with a $50K minimum, tune in now! Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of entrepreneurially-minded wealth creators who are taking control of our lives and financial destiny.  It's not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will give you a fresh perspective on an investing opportunity for big returns with a small investment. Jorge Newberry Conversation Highlights In this episode, you'll discover: What led Jorge Newberry to found AHP 12 years agoThe purpose and mission of AHPThe prevalence of defaulted mortgages today, 10-years after the housing crisisHow AHP helps homeowners stay in their homes How AHP offers a minimum investment of only $100The returns, payout, and liquidity investors can expect when investing with AHPThe current investment opportunity with AHP's fund re-openingWhat a potential upcoming housing downturn will mean for AHP and distressed mortgage note investors About Jorge Newberry: Jorge is an expert in investing in mortgage notes whose accomplishments include: Jorge Newbery is an author, entrepreneur, CEO and investor. He is the Chairman and CEO of AHP Servicing LLC, which crowdfunds the purchase of non-performing mortgages from banks at big discounts, and then shares the discounts with struggling homeowners. Jorge is the Founder and Partner of Activist Legal, LLP, a DC-based law firm that facilitates default legal services, and the Founder and CEO of DebtCleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt without filing bankruptcy. A 2004 natural disaster triggered the financial collapse of Newbery's former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned from his challenges to help families at risk of foreclosure stay in their homes. Jorge is also the author of Burn Zones: Playing Life's Bad Hands; Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All); and Stories of the Indebted. Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We'll review your situation to help you decide what moves are best for you. To start the conversation, book a call with The Money Advantage advisors now. Investing In Mortgage Notes Links & Mentions From This Episode: American Homeowner PreservationBurn Zones: Playing Life's Bad Hands, by Jorge NewberryDebt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All), by Jorge NewberryStories of the Indebted, by Jorge Newberry Thanks for Tuning In! Thanks so much for being with us this week.

https://www.youtube.com/watch?v=fJ-twP5XEkM In today's show, we're interviewing Michael Cobb, Chief Executive Officer and Co-Founder of ECI Development. This real estate development company is building and financing inspired residences for adventurous souls in Belize, Panama, Nicaragua, Costa Rica.  Prepare to expand your investor's paradigm to consider diversifying your asset portfolio outside the US.  Think resort-style living for the middle class, including private villas, tiny homes, vineyards, private islands, and agricultural land with timber. Whether you're interested in expatriation or expanding your investments, you'll gain a bigger worldview, and longer-term perspective of wealth creation. Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators who are entrepreneurially-minded business owners taking control of our lives and financial destiny.  It's not enough to make a high income.  You have to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will expand your education and paradigm of investing. Who Is Michael K Cobb? At the height of a successful career in the computer industry, Mr. Cobb left to pursue more pioneering opportunities in the emerging real estate markets of Central America. In 1996, he and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras, and throughout the region. As the need for capital outstripped the supply, the mortgage company was converted to an international bank under the jurisdiction of Belize. It continues to provide mortgage services, but has expanded its services to encompass the full realm of financial products. Mr. Cobb also saw the need for a regional real estate company that would serve the Baby Boomer consumer with a North American standard product for the next two decades. He led the group into real estate development and created a holding company for several properties, including a resort on Ambergris Caye, Belize. In August of 2000, Exotic Caye purchased 3.5 miles of Pacific Beachfront property due west of Managua, Nicaragua. This master-planned community hosts world-class infrastructure, homes, and condominium units. In February of 2006, the ECI Development group acquired 1100 acres and 3km of coastline in Costa Rica, setting the stage for expansion into this popular market. Most recently, they merged their Belize property with a much larger parcel and have begun to develop 200 condominiums units on Ambergris Caye, Belize. Additionally, Michael has spoken at hundreds of international conferences about real estate financing and development. He has acted as a consultant to The Oxford Club and gives counsel to various real estate projects throughout Central America. Conversation Highlights Investing internationally to diversify your portfolio geographically.The demographics of who is buying property through ECI development: 30% lifestyle, 30% pre-use buyers, and 40% investors.What you need to know about the buyer beware environment of investing outside a nanny-state.Investing in Latin America is like a time machine. You want to be in the path of progress.Long-cycle cash flow with teak timber creates generational wealth that pays out every 25 years. Connect with Michael Cobb This conversation barely touched the tip of the ice...

https://www.youtube.com/watch?v=sOOnaH1iC-M In today's show, we're interviewing Dr. Joel Wade, of Mastering Happiness.  Dr. Wade is an Author, Psychotherapist, and Life Coach who's centered his work on happiness, and helping people live happier, better, and more effective lives.  And we're talking about true happiness and well-being, not simply the happiness of feeling good in a lucky moment of pleasure.  Instead, happiness is a set of skills, a practice, and an attitude toward life that you can learn and apply in whatever circumstances you are in. Where Happiness Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators who are entrepreneurially-minded business owners taking control of our lives and financial destiny.  It's not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will help you upgrade your mindset to be able to be a producer and creator of true life wealth, flourishing in every area of your life. Who Is Dr. Joel Wade? Joel F. Wade, Ph.D. is Marriage and Family Therapist and Life Coach, and the author of The Virtue of Happiness, and Mastering Happiness, and creator of an in-depth online course, A Master's Course in Happiness, all drawing from the increasingly useful research in psychology in general, and positive psychology in particular; and his nearly four decades of working with people professionally. He has written regularly for a variety of publications, including The New Individualist, The Good Men Project, and the Beyond Wealth columns for the Oxford Club. He's also a world-class athlete, having won multiple national and world championships in water polo. Dr. Wade enjoys teaching clear, practical skills and ideas that can be used immediately. He inspires his readers and listeners to take effective steps toward a more rewarding, joyful, and resilient life. As a Life Coach, he works with people around the world and can be found at www.drjoelwade.com. Joel Wade Conversation Highlights What Is Happiness? Happiness doesn't mean a temperament and personality of cheerfulness. Rather, happiness is Aristotle's eudaimonia, which means success at being human.Martin Seligman moved psychology away from treating symptoms, to the habits for creating a flourishing, happy, successful life. He also created the original research on learned helplessness.When you focus on what you're aiming for, the problems become smaller in comparison, and you have more resources to tackle the problems with.The difference between being happy about life, vs. being happy about your circumstances. You can't base life's happiness on circumstances, because there's a lot of external luck to that. Happiness is more a matter of being happy about your life and living in a way that's congruent with your value system.Don't be too attached to the outcomes or the score. Instead, take control over your own focus, attention, skills, and playing my best.Carol Dweck's work on a fixed mindset vs. a growth mindset. With a fixed mindset, you aren't an agent in your own success, and challenges become risks and threats.  With a growth mindset, you celebrate challenges.  Overcoming challenges and failures makes success and happiness that much more valuable.  We need challenges that push us to expand and create more complexity in ourselves.

https://youtu.be/g8CJGk3IVNk In today's show, we're interviewing Anna Kelley.  She's a real estate investor who has created time and money freedom.  And, she's the founder of REI Mom, helping women create a legacy through real estate investing.  Where Real Estate Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators taking control of our lives and financial destiny.  It's not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will help you look at your investing in a way that is aligned with your unique abilities, produces value for people, and puts your money to work earning a cash flow return.  Who Is Anna Kelley? Anna personally owns and manages a multi-million-dollar rental property portfolio and has ownership in over 2000 units as both an active and passive investor.  She is a General Partner, Sponsor & Asset Manager for large multi-million-dollar multifamily real estate acquisitions, and through Zenith Capital Group, actively seeks out the best opportunities for her partners and investors. Anna currently has $52M in assets under management.  She is also a frequent guest on Real Estate Investing podcasts, speaks at REI groups around the country, is an Amazon #1 Best Selling Author, and runs a local meetup group for Women in Real Estate. Conversation Highlights How Anna Kelley started out in private banking, selling stocks, bonds, and mutual funds.  But realizing that her very wealthy clients made their money in real estate put her on a path to build true wealth.Anna's story of starting out in real estate with a failed flip, and then becoming a landlord before a homeowner.The personal hurdles she navigated as she realized she couldn't rely on a W2 job or entrepreneurship.  Instead, her family needed passive income from assets.How she navigated the market cycles and lending requirements over the past 16 years.Anna's personal why to be able to be home with her kids allowed her to transcend obstacles.The creative financing strategies Anna used to continue buying real estate, even when banks wouldn't lend to her.How she and her husband learned to be resourceful landlords when they were hundreds of thousands of dollars in debt and had no money.How Anna Kelley has honed her niche through testing, trying, and experimenting with various neighborhood classes, and why it's so important to understand not only projected income from a property, but also balancing growth and preservation.Transitioning from active to passive income.Why you should use leverage for production.How she's working to find, finance, and syndicate large multifamily apartments.Why the stock market is overvalued, and a correction has to happen. Real estate has a real value. There's true, intrinsic value in property, but the stock market is primarily valued based on consumer sentiment.Why it's so important to master your money, so money doesn't master you. Find out More About Anna Kelley and REI Mom Connect with Anna Kelley on FaceBook, at Anna REI Mom Kelley, and find her group Creating Real Estate Wealth That Lasts with REI Mom.  You can also email her at info@reimom.com. Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate financial freedom,

https://youtu.be/wymV-ro4P_w In today's show, we're interviewing Bob Fraser, Co-Founder and CFO of Aspen Funds.  Aspen Funds operates several private investment funds in real estate notes for accredited investors, offering a real estate backed opportunity with low volatility, high returns, and comparatively high liquidity. Where Alternative Investments Fit into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators who are entrepreneurially-minded business owners taking control of our lives and financial destiny.  It's not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Today's conversation will give you a closer look at real estate notes as an alternative investment option for accredited investors. Who Is Bob Fraser? Bob Fraser is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes.  As Founder and Principal of Aspen Funds, Bob has purchased more than 1,000 mortgage notes, earning double-digit annual returns without the risk and volatility of traditional investing options. Conversation Highlights Bob's background starting a tech firm, raising venture capital, then getting caught in the tech wreck and losing everything that caused him to want more control and to be in the driver's seat of his investing.Aspen Fund's four funds (three income funds and a growth fund) for investors.The income fund buys mortgage notes at significant discounts, becomes the bank, collects payments, and pays 8.5% annualized return to investors. When the borrower refinances or sells the house, Aspen Funds is paid the full amount, earning capital gains returns as well.The pool currently has 307 notes, and with average of 3 – 6 paying off every quarter, the cash provides an internal liquidity program for investors.Investors can invest with qualified and non-qualified money, with no UBIT generation.How being a lien-lord instead of a landlord can pay higher returns without the management challenges.The funds are very tax-efficient. Even outside of a tax-deferred vehicle, the growth fund generates about 80% of its returns as long-term capital gains.  The income fund is about 30% long-term capital gains.Why Bob Fraser prefers second-position liens.How they underwrite risk to determine the value of each note.This investment is for accredited investors with a minimum investment of $50K.A real example of how Aspen Funds sources notes and generates yields.A candid discussion of the housing price risk and recession risk.Residential mortgage notes are an alternative investment uncorrelated with the stock market.Why Bob doesn't think we'll have a recession in the next 1 – 2 years, and why he's bullish on the housing market.Aspen's Net Asset Value isn't volatile, because it's set by accounting, not speculation price based on the market.The sources Bob reads for hours daily to make decisions. Find out More About Bob Fraser and Aspen Funds Get Aspen Funds' webinar for more information on their funds, as well as Bob's economic forecast newsletter. Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We'll review your situation to help you decide ...

Wellings Capital provides access to value-add recession-resistant assets. They've accomplished this by partnering with expert operators in the storage facility, manufactured housing community, and multifamily apartment spaces.  Wellings Capital funds offer accredited investors 15%+ returns without having to work so hard to find great individual deals.  Today's conversation unpacks the current trends in these commercial real estate sectors.  We'll discuss their two accredited investment opportunities to help you achieve your objectives, whether your priority is income or growth. Where Investing Fits into the Cash Flow System As important as investing is, it's just one step in the bigger journey to time and money freedom. That's why we have created the 3-step Business Owner's Cash Flow System. It's your roadmap to get from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Who Is Paul Moore? Paul Moore is a second-time guest on The Money Advantage.  In his July 2018 interview, Lessons from a Commercial Multifamily Investor, with Paul Moore, we talked about his background as a commercial multifamily investor. He shared his most important lessons: high risk does not equal high returns, the importance of giving, and knowing when to quit.  You can grab more of his background and accomplishments there. After entering the real estate sector, Paul completed 85 real estate investments and exits, appeared on an HGTV Special, rehabbed and managed dozens of rental properties, developed a waterfront subdivision, and started two successful online real estate marketing firms. Three successful developments, including assisting with the development of a Hyatt hotel and a multifamily housing project, led him into the multifamily investment arena.  Paul is now the Managing Director of two commercial real estate funds at Wellings Capital.  He also co-hosts a wealth-building podcast called How to Lose Money and is a frequent contributor to BiggerPockets.  Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016), and has a forthcoming book on self-storage investing.  Wellings Capital Conversation Highlights How hitting singles is more important than looking for a grand slam in your investing strategy.Why a multifamily investor left multifamily syndication behind to establish two commercial real estate investment funds.Why many multifamily investors are turning to self-storage and mobile home parks for double-digit returns.How the value creation formula maximizes income and grows the asset value in the self-storage and mobile home park sectors.Wellings Capital's funds that give accredited investors access to forced appreciation and income growth in real, non-correlated assets. Find Out More About Paul Moore or Investing with Wellings Capital Find out more about the Income Fund and the Growth Fund at Wellings Capital. To hear more from Paul Moore, get the webinar Why Is a Multi-Family Investor Investing in One of America's Most Boring Real Estate Asset Classes? You can also listen to Paul's podcast, How to Lose Money to gain valuable lessons of success from stories of failure.  Get Financial Clarity Today To personally implement Privatized Banking or discover your hidden money leaks, book a Strategy Call.  You'll find out the one thing that you need to be doing right now to accelerate your path to financial freedom. Success leaves clues.  Model the successful few, not the crowd, and build a life and business you love.

When life gets good and we start earning a lot of money, it can become easy for things to fall apart when you do not have the proper knowledge and systems in place to protect them. In this insightful episode, we dip ourselves into the knowledge of two amazing people who are dropping some nuggets of information for us. Host Scott Carson talks with Rachel Marshall and Bruce Wehner from The Money Advantage Podcast about some of the mistakes business owners make when it comes to planning for the long-term endgame. Discover the distinction between business owners and entrepreneurs and what their stressors are, the wrong places to put money in, and the mindset to use when thinking about starting a business. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest

Never Split the Difference is making waves in the business world by demonstrating that negotiation starts with the most counterintuitive skill of empathy.  That's because author Chris Voss is likely the most qualified person to be teaching negotiation.  With a long history in international crisis and high stakes negotiations as the FBI's lead international kidnapping negotiator, and a member of the New York City Joint Terrorist Task Force, Chris has negotiated some of the most hostile and challenging situations imaginable.  He's not only achieved a successful resolution in many cases. More importantly, he has distilled a depth of wisdom that comes from being in the trenches.  And he has now translated his experience to help you negotiate as if your life depended on it. Why We Need to Improve our Negotiation Skills Opportunities for negotiation enter our lives every day.  You'll see it as you're building your business and working with clients, team members, and consultants.  Even in your everyday life with your family and loved ones, negotiation plays a massive role.  Your goal is to get things done that you want and need to happen, in a way that everyone wins. But, almost always, that's easier said than done.  Your technician wants to do things their way.  HR doesn't agree with operations.  A prospect says yes, then drags their feet.  A vendor doesn't follow through on their promises.  Your 6-year-old doesn't want to brush his teeth. Enter the need for you to become a skilled negotiator. However, we create bigger problems when we approach negotiation in the wrong way.  First, we usually avoid negotiation, sidestepping it altogether because we're afraid of conflict.  Our next approach is usually fighting a battle of wits.  This turns into a dueling match over who has the stronger argument of reason and logic.  Finally, and embarrassingly, we resort to discovering who has the louder voice. But none of these methods work to get cooperation, collaboration, commitment, and follow-through we want. Tune in to Learn How to Never Split the Difference In this episode of The Money Advantage podcast, we interview Chris Voss. Chris says that we should “never split the difference.”  It's code for letting the other side have your way. To accomplish this, he says that we should approach the conversation with emotional intelligence, tactical empathy, and listening, to build relationships and make deals with people, not against them. Listen to the conversation here: Where Negotiation Fits into the Cash Flow System Today's conversation will home in on negotiating and deal-making to help you build one of your best investments.  Because your business is the one thing, outside of yourself, where you have the most knowledge and control, it deserves your full attention to improving in every way.  With each stride in business mastery, you gain the capacity to maximize your cash flow from your business.  So, that's why you must master the art of negotiation. As crucial as it is to improve your business, it's just one step in the bigger journey to time and money freedom. That's why we have created the 3-step Business Owner's Cash Flow System.  It's your roadmap to take you from just surviving, to a life of significance, purpose and financial freedom. The first step is keeping more of the money you make by fixing money leaks.  Then, you'll protect your money with insurance, legal protection, and Privatized Banking.  Finally, you'll put your money to work, to increase your income with cash-flowing assets. Who Is Chris Voss, Author of Never Split the Difference? Chris Voss is CEO of the Black Swan Group and author of the national best-seller Never Split The Difference: Negotiating As If Your Life Depended On It, which was named one of the seven best books on negotiation. A 24-year veteran of the FBI, Chris retired as the lead international kidnapping negotiator...

https://www.youtube.com/watch?v=2E54K2bTyR8 Mike Michalowicz is a champion of profitability, on a mission to eradicate entrepreneurial poverty.  Mike is the author of Profit First, Transform Your Business from a Cash-Eating Monster to a Money-Making Machine. He helps business owners realize their need for making a profit and design a practical, working accounting system that doesn't take ironman willpower to accomplish.  His Profit First System has improved tens of thousands of businesses owners, saving them from the “doom spiral” to achieve instant profitability.  The Profitability Crisis Building a life and business you love means you have to be making money.  More specifically, you need to be making a profit, keeping more of the money you make in your business.  It doesn't matter how much is coming in the front door if it's all draining right out the back door. Many small business owners wake up to find themselves as slaves to their business.  Rather than improving their lives and fulfilling their dreams, their business has grown into a beast with an insatiable appetite for cash.  The demand to spend more to keep things running requires the next sale, just to stay afloat.  Instead of working because they want to, they chase sales to pacify the business and its ride-along companion of anxiety.  Welcome to a business out of control. If this is you, you're not alone.  Eight out of ten businesses fail because they lack profitability.  All the income is gobbled up in expenses, and there's no cold hard cash in the coffers at the end of the month.  Often the business owner isn't paying themselves at all, there are no reserves, and hello reactive mode when it comes to tax season.  And this problem tends to worsen, not self-correct, the larger the business grows. Tune in to Hear the Full Conversation About Profit First In this episode of The Money Advantage podcast, we interview Mike Michalowicz. While business panic and frustration might be your current chapter, it doesn't have to be the end of the story.  You can improve the health and sustainability of your business overnight by focusing in on profitability.  And it isn't as painful as you might think! Listen to the conversation here: Where Profitability Fits into the Cash Flow System As crucial as keeping more of the money you make is, it's just one step in a bigger journey. That's why we have created the 3-step Business Owner's Cash Flow System, your roadmap to take you from just surviving, to a life of significance, and time and money freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increasing your income with cash-flowing assets. Business profitability intersects the roadmap in two places.  First, it's part of The Money Finder step in Stage 1, where you fix the money leaks that are siphoning off your cash flow.  Secondly, it's part of Investing in Stage 3, the part of the process where you craft your business into a self-sustaining, cash-flow producing asset that's one of your very best investments. Who Is Mike Michalowicz? Mike Michalowicz is the entrepreneur behind three multi-million-dollar companies and is the author of Profit First, The Pumpkin Plan, and what BusinessWeek deemed the entrepreneur's cult classic, The Toilet Paper Entrepreneur. Mike Michalowicz is a former small business columnist for The Wall Street Journal and the former business makeover specialist on MSNBC.  Today, Mike travels the world as an entrepreneurial advocate, speaking to groups just like The Money Advantage community.  He is globally recognized as the guys who “challenges outdated business beliefs” and teaches us what to do about it. Mike Michalowicz Conversation Highlights

Business growth is often the commonly accepted end goal of all entrepreneurship.  And growth usually means higher earnings, sales, and revenue.  After all, you want to reap the rewards of more income and gain a better lifestyle. As a business owner, the path to get there seems to be generating more clients and more dollars. https://www.youtube.com/watch?v=1myH18J9_o4 But there's a darker side to business growth.  As the business grows, so do the cost, complexity and time commitment.  You may have more employees to manage, a bigger org chart, more departments, more red tape, more training, more meetings…  And this all adds up to more time and headaches for you.  It can leave you as the business owner in a hurricane of endless activity and frustration, wondering who's the boss of who.  Is the business running your life, or are you running your business? What if the things you actually want – a life of more meaning, satisfaction, enjoyment, purpose, and fulfillment – could be achieved by doing just the opposite? Margo Aaron writes about this idea in a thought-provoking Inc.com article titled Bigger Is Not Always Better: 5 Reasons Your Business Should Stay Small on Purpose.  She lays out the advantages you achieve by not hyper-focusing on business growth in the traditional sense, saying, If you want to build a business around your life and happiness, growth might be the least viable option.Margo Aaron Behind this article is a book, Company of One: Why Staying Small Is the Next Big Thing for Business, by Paul Jarvis.  He shares his life learning that keeping his business smaller made it more sustainable, creating more freedom and flexibility for him.  Scaling down, rather than up, is what created clarity, freedom from distractions, and a connection to why he was working in the first place. What We Think More important than whether you stay small or grow, is how streamlined, profitable, sustainable, and fulfilling your work is. In this episode of The Money Advantage podcast, we discuss our take. You'll find out how to grow a life and business you LOVE, not just one that's bigger. Listen to the conversation here: Table of contentsWhat We ThinkWhere Business Growth Fits into the Cash Flow SystemKey Takeaways#1) Growth Creates Unnecessary Complexity#2) Smaller Is More Agile and Sustainable#3) You Have More Liberty to Choose Your Work#4) More Control Over Your Time#5) Grow Profitability Without StressGet Business Growth That Feels GoodGet Business Growth Without More WorkGet Business Growth Without Trading Your Hours for Dollars Where Business Growth Fits into the Cash Flow System Business growth, however you define it, is just one part of a bigger journey to building time and money freedom.  You could have a high-revenue business, but still, be missing key components of creating a sustainable lifetime of wealth.  No matter how big your business grows and how much money you make, if it's all leaking out between your fingers, you'll never be free of just working harder and harder to make more money.  You'll never build the peace of mind that comes from having reserves, protection, and assets that work harder for you than you can work for yourself.  At some point, the job of earning money is a baton that you need to pass to cash-flowing assets that can keep chugging along, spitting out income the rest of your life so that you can enjoy time freedom. That's why we have created the 3-step Business Owner's Cash Flow System, your roadmap to take you from just surviving, to a life of significance, purpose and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you'll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you'll put your money to work, increase your income with cash-flowing assets. Business growth connects to the roadmap in two places.

Jack Gibson, President and Co-Founder of High Return Real Estate, gets it.  After building a multi-million-dollar income with a multi-level health company, he had a serious wake-up call.  A bet was placed against his company's stock, and he ran the risk of losing his financial footing.  He felt vulnerable watching his only income source teeter and committed to building multiple streams of passive income. In a short time, he'd built a portfolio of over 50 properties.  Now, along with Jack Schechter, he operates High Return Real Estate, a turnkey provider. They specializing in helping other people build cash flow income with turnkey rental real estate in Indianapolis, IN. Where Turnkey Real Estate Investing Fits into the Cash Flow System It's not enough just to make a decent living and trust someone else to manage your money for you. Instead, you want to control your life and financial destiny.  That's why we, at The Money Advantage, help business owners build time and money freedom.  We do this using our 3-step cash flow system.  First, you'll keep more of the money you make through tax planning, debt restructuring, cash flow awareness, and restructuring your savings to where you can access it as an emergency/opportunity fund.  Then, you'll protect your money with insurance and legal protection, and privatized banking.  Finally, you'll put your money to work and get it to make more by investing in cash flowing assets to build time and money freedom and leave a rich legacy. Today's conversation about turnkey real estate investing fits into Stage 3: Investing.  It will educate you and give you options for investing for cash flow. Who Is Jack Gibson? Jack Gibson is the President and Co-Founder of High Return Real Estate.  He began his entrepreneurial journey at 19 and founded his first company at the ripe old age of 21.  Operating a successful nutrition consulting and distribution company, he had built a multi-million-dollar venture before he was old enough to rent a car. Soon after that, he bought his first home as an investment.  One quickly became five, and then the bug hit.  He became obsessed with learning everything about real estate investing and soon had over 50 investment properties generating passive income.  Today, Jack spends his time mentoring other entrepreneurs, building his real estate investment portfolio, and helping other investors build a brighter future through the power of turnkey real estate income. Jack Gibson Conversation Highlights (Partial Transcript) The Start of Entrepreneurship Jack Gibson: [3:05] I was 19 and going to college.  I'd always had the entrepreneurial bug, but I just didn't know how to apply it, especially at a young age. I was getting disgruntled with the whole “go to school, study hard, get good grades, get a job” idea.  That wasn't the path I wanted to be on, but I was just trying to make my parents proud.  One day, while I was sitting in my dorm room, I recieved a flyer for a multi-level marketing nutrition opportunity. At first, I thought, No, I don't want to sell anything. And then for whatever reason, it hit me, why not just keep an open mind and check it out? What do you have to lose? An hour? That's where I think people lose opportunities. It's right in front of you, and you just don't ever really take a look at it. So, I took a look at the business and started. By a year in, I started really gaining some traction.  By 24 months in, we created a million-dollar business, right from my dorm. I had a lot of challenges, of course.  In that first 12 months, I had to figure it out. Then, after I graduated college, got the diploma, and made my parents proud, I worked that business full-time.  And I've been doing that ever since.  I think we closed out at least 10 or 12 million in sales in 2018 for that entity. While it gets a little controversial, the business model offers the ability to have a business with no em...

Brian Robbins is a 27-year chiropractor, author, real estate investor, the owner of multiple companies, and the father of 10 children.  He's not only making a great income, but he's also found a way to create sustainable passive income as well.  This shift is crucial to doing it all and doing it well!We'll learn from his mental model and way of thinking that allowed him to accomplish so much.  Gleaning from his journey and lessons along the way, you'll recognize ways to expand your own capabilities and live out your best life. Where Your Mindset Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators.  We're entrepreneurially-minded business owners who are taking control of our lives and financial destiny.   It's not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That's why we've put together a 3-step roadmap to help business owners create time and money freedom.  This conversation will help you take an honest look at your mindset and add better thinking patterns or delete old ones that aren't helping you build the life you love today.   Who Is Brian Robbins? Before entering the multifamily investment arena, Dr. Robbins owned several companies including multiple medical practices, a coffee shop, a 1,500-member gym, and real estate investments. These real estate investments included a small apartment complex, a 32,000 square foot retail shopping center which houses his medical practice, and several single-family properties.  Dr. Brian Robbins is the author of Done! The Professional's Guide to Double-Digit Returns, Multi-Generational Wealth, and a Worry-Free Retirement (2017). Dr. Robbins, business partner of Paul Moore, is now fully committed to helping others reach their financial goals using the Wellings Capital multifamily wealth generation platform.  He and his wife Anita live on a farm in Central Virginia where they have raised 10 children, including 8 that were adopted. Conversation Highlights (Partial Transcript) Entrepreneurial Roots in Early Childhood [3:49 Brian Robbins] I'm a chiropractor by trade. When I graduated from medical school, I always wanted to have a multi-discipline practice.  I was an entrepreneur as far back as I can remember. My mom would get mad because I would go out on my bike, jump into dumpsters, and dig around looking for aluminum cans to throw into a big bag, because I could recycle those and make four bucks.  I sold Postcards from door to door, and did a bit of everything as a kid, just trying to make a little bit of money here and there.  I was born as an entrepreneur.  But after medical school, just looking at options that were out there, I had that in my mind the whole time. Then I did the standard type of practice for several years until we were fortunate enough to adopt some children. And we adopted a sibling group of seven Russian orphans about 20 years ago.  The Catalyst That Launched Him into Entrepreneurship [5:08 Brian Robbins] We had two biological kids at the time.  My wife was unable to get pregnant past those first two children. So, we looked at different options, and just really didn't want to go down the whole road of trying to work with clinics that specialize in helping you conceive.  We decided that we would look at adopting.   This particular group of kids came across our path.  We found out that the Russian government was in the process of getting ready to separate them and send them to three different countries, and they would never see each other.  Their ages ranged from 5 - 14 at the time.  We were fortunate enough to be able to keep them together and bring them into our home.  That was the catalyst that really pushed me forward on my entrepreneurial journey for sure. The Shift Towards Entrepreneurship and Passive Income ...

https://www.youtube.com/watch?v=FzIkG9x3u1g If you listen to the “financial experts” on tv or the radio, you will hear the typical blanket advice that you should put money into a 401(k).  But the question is, does that advice apply to everybody?  To get as much of an insider's perspective as we could find, we interviewed Ted Benna, "inventor" of the 401(k). During this insightful conversation, we discussed the purpose of the 401(k), its history, shortcomings, and the need for reform.  This interview was forthright about why there's a coming retirement crisis and what you can do about it if you want to take control of your financial destiny. In this episode, we'll help you answer: What does the 401(k) help me accomplish?Is the 401(k) right for me? If you remember in How to Find Your Best Investments, we discussed that your investing strategy will be unique to you.  You maximize your gains when you take an active role in investing in what you know and control. So, where does the 401(k) fit for you? Table of contentsIndividual Goals Create Individual StrategiesDifferent PerspectivesWhere Does the 401(k) Retirement Plan Fit in the Cash Flow System?Meet Ted Benna, the Father of the 401(k)How Ted Benna and the 401(k) Savings Plan Made HistoryIncreasing Retirement Security for the Middle ClassThe Responsibility for Your Financial Future Is YoursWhat Ted Benna Wants to ChangeWhat Ted Benna Is Doing About 401(k) ReformTed Benna's PerspectiveAverage Rates of ReturnTypical Advice and Taking RiskDoes a 401(k) Make Sense for Entrepreneurs?Thoughts on ProtectionGiving BackAdditional Topics DiscussedAnother PurposeConnect with Ted BennaIncrease Your Cash Flow, Liquidity and Control Today Individual Goals Create Individual Strategies Here at The Money Advantage, our objectives are to help you keep and control more of your money.  As an entrepreneur, you want control, access to your money, liquidity, cash flow, and tax advantages as possible.  A 401(k) doesn't support those goals. However, to promote your education, it's valuable to round out your perspective by considering the full discussion.  When you increase your knowledge, you gain the ability to make decisions and build confidence that you're doing what's best. Whether or not a 401(k) is a fit for you, it's in your best interest to understand them.  401(k)s may be a part of providing solutions. The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function. – F. Scott Fitzgerald In this previous conversation about abundance, we discussed why being open-minded and considering contrasting information is critical to learning: Unless you're willing to expand your map, nothing new exists for you.  When we come into a conversation with people who see differently, it's important to recognize that if we both had the same map, we'd think the same way. When we each defend our own interpretation of the facts, it leads to conflict.  The only way you can learn something new is to be willing to step off of your map and onto someone else's.  It's not about who's right, but about learning what else is possible. Today, we're jumping onto the map of someone with a different perspective so that we can expand our own map.  We invite you to do the same. Different Perspectives While you'll notice a great deal of common ground in our philosophy and perspective, we don't agree on everything.  We do agree that there are problems, but we do not completely agree about how to solve them. One specific distinction is that we do not view putting money in a 401(k) to be savings. We agree that it's crucial to have a systematic way of setting money aside for the future before spending.  The 401(k) has provided a method for hundreds of thousands of people to invest over $10 Trillion. However, a 401(k) fails to meet the criteria of being a retirement savings tool.

https://www.youtube.com/watch?v=jE2gHoholqo If you have been reading The Money Advantage blog for a while, you may already know that The Go-Giver book played a central role in How The Money Advantage Began. We are huge fans of Bob Burg and John David Mann's Go-Giver Series. The Go-Giver is an engaging parable about the unexpected system of getting predictable, proven results in building a prosperous business.This story reveals the five laws of stratospheric success, giving you the recipe to make more money in your entrepreneurial endeavors by adding value and increasing your impact. The Go-Giver is an engaging parable about the unexpected system of getting predictable, proven results in building a prosperous business.This story reveals the five laws of stratospheric success, giving you the recipe to make more money in your entrepreneurial endeavors by adding value and increasing your impact.If you have been reading The Money Advantage blog for awhile, you may already know that The Go-Giver book played a central role in How The Money Advantage Began. Table of contentsWhere Your Mindset Fits into the Cash Flow SystemWhy a Go-Giver Mindset MattersMeet Bob Burg, Co-Author and "How-To Guy" of The Go-GiverThe Main Idea of the Go-GiverThe Five Laws of Stratospheric SuccessLaw #1: The Law of ValueThe Five Elements of ValueLaw #2: The Law of CompensationLaw #3: The Law of InfluenceLaw #4: The Law of AuthenticityLaw #5: The Law of ReceptivityOther Topics Discussed with Bob BurgGet The Go-GiverLet Us Add More Value to Your Life Where Your Mindset Fits into the Cash Flow System At The Money Advantage, we are a community of wealth creators.  We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny.  We have a compass that always points back to the principles of wealth, not just to strategies or products.  You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you. In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money.  Finally, you increase and make more. This conversation on principles of wealth creation fits right into the very first step of the first phase. Why a Go-Giver Mindset Matters In business, you may feel stuck in your current level of achievement.  You may be excelling but want to expand and scale your business outside your current capabilities. Or, you may find yourself in the struggle for survival, wanting a steady stream of incoming clients in the future to remain profitable. Perhaps you're working to meet a quota in sales to qualify for a trip or the next rank in status, or to reach your own goal and internal metric of success. Many business owners reach a plateau of success, where, try as they might, they need a new skillset and mindset to reach the next level of achievement. While you want the fruit of success, the hustle, drive, ambition, and force will only take you so far before you burn out and call it quits. Wherever you find yourself, The Go-Giver shows you the mindset to move from struggling to thriving, or from successful to ultra-successful, without doubling your efforts to get there. Bob Burg and John David Mann lay out actionable laws of success in this delightfully-written story that will move you from hustling to attracting business instead. We brought Bob Burg in for an interview to answer: What is the Go-Giver all about?How do I live the Go-Giver principles to build my business?How can the struggling become successful, or the successful become ultra-successful? Meet Bob Burg, Co-Author and "How-To Guy" of The Go-Giver Bob Burg is a sought-after speaker at company leadership and sales conferences sharing the platform with everyone from today's business leaders and broadcast pers...

https://www.youtube.com/watch?v=gyCnJkfwNbU Many successful REALTORS® struggle when it comes to planning for the future.  They have high incomes, live an upper-middle-class lifestyle or better, build growing businesses.  However, they don't have a plan for future income that they're confident will lead to financial freedom. This is no truer than in the REALTOR® community.  More than 50% of REALTORS® are broke at the end of their career.  They're making good money, but overpaying in taxes, spending too much of their money, and don't have cash flow.  50% don't own their own homes.  Most want to invest in real estate to build multiple sources of income, but don't have the capital to invest. This problem has come to the attention of NAR, the National Association of REALTORS®, a 1.2-Million-member Trade Association.  NAR's leaders have recognized the need for financial planning among its members, saying “REALTORS® are successful in their careers, but struggle when it is time to retire.” Where Financial Education Fits into the Cash Flow System At The Money Advantage, we are a community of wealth creators.  We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny.  We have a compass that always points back to the principles of wealth, not just to strategies or products.  You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you. In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money.  Finally, you increase and make more. This conversation on personal finance, and principles of wealth creation fits right into the very first step of the first phase. 2017 National Association of REALTORS® Financial Planning Goals This year, NAR has plans to focus on this problem.  They've mobilized an advisory group in 2017 to develop programs and ideas to help their members start planning as early as they can to save for a strong financial future. In keeping with The Money Advantage's purpose to empower business owners with financial education to increase their cash flow and control of their financial resources and accelerate their journey to financial freedom, we are actively creating solutions that address this need. To discuss solutions and a way forward for REALTORS®, we interviewed Moses Seuram, REALTOR® and the 2018 NYSAR (New York State Association of REALTORS®, Inc.) President-Elect. REALTORS and other business owners can glean from this conversation and be empowered to create financial freedom. From the Vantage Point of a Working REALTOR® and Local and National Leader Moses' unique vantage point gives him the credibility to participate in creating the solution. He's earned his way, not only as a successful REALTOR(R) but also as an accomplished leader who's volunteering and giving back to his community. His accomplishments include: Licensed Real Estate Associate Broker with KeystoneRealtyUSA2018 NYSAR (New York State Association of REALTORS®, Inc.) President-Elect2013 President of LIBOR (Long Island Board of REALTORS®)2013 YPN (Young Professionals Network) Top 20 Under 40 Lifetime Achievement Award2009 – 2016 REALTORS® Honor Society2010 REALTOR® Salesperson of the YearTreasurer for The Long Island REALTORS® Federal Credit UnionDirector, National Association of REALTORS®Executive Director, New York State Association of REALTORS® Along with the National Association of REALTORS®, Moses has also played an integral role in lobbying for key provisions for homeowners and REALTORS® in the 2017 Tax Reform. Additionally, he is a successful real estate investor who's taking control of his financial life and living the principles of Prosperity Economics.  He models and teaches the value of paying yourself first,

Kim Butler is a champion of Prosperity Economics principles who's bringing them back into the mainstream.  She's revitalizing the traditional way of thinking, condensing age-old wealth principles into the 7 Principles of Prosperity.  She helps people get their money doing more jobs and building wealth outside of Wall Street.She's the owner of Partners 4 Prosperity, a Registered Investment Advisory firm dedicated to the Prosperity Economics Principles.Additionally, Kim serves as the co-host of the Prosperity Podcast and a best-selling author of 6 books, including Live Your Life Insurance and Busting the Retirement Lies.She's recommended by financial thought leaders like Robert Kiyosaki and has been listed in Investopedia's top 100 most influential financial advisors in 2017. She's been a tremendous influence on the philosophy and work of The Money Advantage, and we have the utmost respect for her. In this interview, we discuss her backstory.  You'll see how she developed her financial wisdom and how her abundance mindset is allowing her to continue her objective to help as many people as possible in as many ways as possible. Table of contentsWhere Prosperity Economics Principles Fit into the Cash Flow SystemBefore Kim Started Partners 4 ProsperityThe Assumptions of Typical Financial PlanningAn Entrepreneurial Journey That Started in 4th GradeGiving up a Designation to Provide More Guarantees and CertaintyBetter Than Typical Financial PlanningThe 7 Prosperity Economics PrinciplesWhy Savers Are WinnersPrinciples First.  Then Strategy.  Then Products.The Principle TestThe Multiple Facets of True ProsperityFailed Strategies of Typical Financial PlanningThe Three Objectives of MoneyAn Honest Look at Risk ToleranceWin-Win-Win InvestmentsThe Importance of Not Losing MoneyBeyond Building Her BusinessAn Abundance Mindset Expands Your VisionThe Value of Thinking for OurselvesHow to Find out More About Kim ButlerCreate Your Time and Money Freedom Where Prosperity Economics Principles Fit into the Cash Flow System At The Money Advantage, we are a community of wealth creators.  We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny.  We have a compass that always points back to the principles of wealth, not just to strategies or products.  You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you. In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money.  Finally, you increase and make more. This conversation on the Prosperity Economics principles of wealth creation fits right into the very first step of the first phase. Here are the interview highlights: Before Kim Started Partners 4 Prosperity [3:30] Kim was a “typical” financial planner, with a Series 6 and 7 licenses to sell stocks, bonds, and mutual funds.  She made her living creating and delivering financial plans. When she became aware of the assumptions that made the plans unreliable the moment they were printed, she became disenfranchised with typical financial planning.  She felt she was subjecting clients' money to so much risk. The Assumptions of Typical Financial Planning [5:25] The client is responsible to project when they'll want to retire, what exactly they would want to happen if they had died yesterday, what interest rate they expect to achieve, and what inflation rate they presume. Because the foundation for the plans is complete guesswork, the plans have failed people as the roadmap they were intended to be. An Entrepreneurial Journey That Started in 4th Grade [6:53] When Kim was in 4th grade, her parents gifted her the raw materials for a business. They gave her a milk cow and taught her how to milk by hand.  She sold milk to friends and neighbors,

“Tax Empowered” vs. “Tax Scared” It's time to stop tipping the IRS and pay less in taxes legally, from now on.No one likes paying the IRS, but are you letting the government steal from you?  If you aren't strategic, tax deadlines can feel like doomsday.  You're stuck with hating that you pay so much in taxes or fearing you're doing something wrong.But, there's no need for the word “taxes” to have you tucking your tail and running for the hills.While the IRS is not your friend, the tax code can be.  But it requires you to understand and apply the rules in your favor.If you don't want to pour through and interpret the IRS regulations on your own, you're not alone.  The tax code is a bunch of legalese and linguistic judo.You need someone in your corner who wants you to pay less in taxes, legally. A tax strategist can help you navigate the law with grace and efficiency.  They embrace the tax code as a roadmap for reducing your taxes.  And they're willing to stand up to the IRS on your behalf, helping you leverage the tax code.  This helps you make strategic decisions that keep more dollars in your pocket. Then, taxes seem less like a monster and more like an obstacle course to master. Dustin Griffiths, at Incite Tax and Accounting, is one such tax strategist.  He believes that you are the best person to steward your resources, not the federal government. Table of contents“Tax Empowered” vs. “Tax Scared”Where Taxes Fit into the Cash Flow SystemPaying Less in Taxes Is Critical to Your Wealth StrategyLegally Rigging the Tax Game in Your FavorCorporate Rent: One Strategy Most CPAs MissClarity on Other DeductionsThe Rest of the Conversation on How to Pay Less in TaxesJust How Important Is Your CPA?Don't Let the Tax Tail Wag the DogWealth Is a Team SportBook Your Strategy Session to Pay Less in TaxesContact Incite Tax Where Taxes Fit into the Cash Flow System Strategically (and legally) shrinking your tax liability is a huge part of fixing your money leaks.  But it's just one small step of a greater journey of building time and money freedom.   That's why we've put together the 3-step Entrepreneur's Cash Flow System.   The first step is keeping more of the money you make.  This includes tax planning, debt restructuring, cash flow awareness, and restructuring your savings so you can access it as an emergency/opportunity fund.  This step frees up and increases your cash flow, so you have more to save, and consequently, more to invest. Then, you'll protect your money with savings, insurance and legal protection.  Locating and solving your money leaks is just a temporary bandaid if there's risk that you could lose it. Finally, you'll put your money to work and get it to make more by investing in cash-flowing assets to build time and money freedom and leave a rich legacy. Paying Less in Taxes Is Critical to Your Wealth Strategy Maximizing your cash flow and control of resources is one of the top priorities at The Money Advantage. Our expectation with tax planning is to be proactive and aggressively capture as many possible tax dollars that could be used in your own personal economy. Tax decisions aren't isolated choices in a vacuum.  Every dollar you keep, instead of paying to Uncle Sam, is another dollar you can steward and use productively in your life. Instead of feeling powerless, we want to equip you with the knowledge and education to pay less in taxes legally. Legally Rigging the Tax Game in Your Favor There is a line separating what is legal and what is not.  Often, out fear and lack of understanding the tax code, many other tax professionals stay far away from the line. Dustin and the Incite team confidently walk right up to the line.  If it's in the tax code, they will use it for your benefit. They aggressively find and apply the tax law to make sure you keep as much of your money as possible, this year and every year going forward.  In this way,