Wealth Talks
Episodes
The Richest Man In Babylon Book | Episode 467
30 Apr 2024
Contributed by Lukas
The Richest Man in Babylon book has the reputation of being responsible for creating more millionaires than any other book in print. If that is the c...
The Financial Side of Retirement | Episode 466
23 Apr 2024
Contributed by Lukas
In days gone by many private companies could offer pensions that would actually support someone financially in retirement, but those days are gone an...
Inflation 2024 | Episode 465
16 Apr 2024
Contributed by Lukas
Inflation is like a thief that never comes. It is good to protect yourself from inflation in every way you can. The bible says that if the man of ...
Infinite Banking For Your Business | Episode 464
09 Apr 2024
Contributed by Lukas
This is an example of how someone used the Infinite Banking Concept and the cash value of their life insurance to expand their welding and fabrication...
My 1st Infinite Banking policy | Episode 463
02 Apr 2024
Contributed by Lukas
In this episode we review the numbers of the first Infinite Banking policy we bought. We have owned the policy for 18 years now so you could say it's ...
How We Found The Infinite Banking Concept | Episode 462
26 Mar 2024
Contributed by Lukas
In 2005 our family went on vacation. We drove from Oregon where we lived at that time down to San Diego California to spend some time on the beach. Bu...
Jesse is Getting Married | Episode 461
19 Mar 2024
Contributed by Lukas
Our son Jesse, Is getting married this month, Jesse will be the first of our 8 children to get married. We are very happy for him and his soon to be w...
How To Be Debt Free | Episode 460
12 Mar 2024
Contributed by Lukas
Interest rates are rising right now and being in debt is becoming more expensive all the time. In this episode, episode 460 of the wealth talks podcas...
How To Get Life Insurance | Episode 459
05 Mar 2024
Contributed by Lukas
It is good to have life insurance, but having bad life insurance can be worse than having no life insurance at all. Michele reads a message from som...
How To Use Life Insurance Cash Value | Episode 458
27 Feb 2024
Contributed by Lukas
The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But...
Is Term Life Insurance a Waste of Money | Episode 457
20 Feb 2024
Contributed by Lukas
Most people think life insurance is for when you die, it is, but, you can also use the life benefits of whole life insurance while you're still alive....
John Morey Real Estate Investor | Episode 456
13 Feb 2024
Contributed by Lukas
We get to listen to an interview with real estate investor John Morey. John talks about why he bought whole life insurance, how he started out using...
Rate of Return vs. Return of Your Money | Episode 455
06 Feb 2024
Contributed by Lukas
Mark Twain has the credit for saying, "The Return of my money is more important than the return on my money." It is better to make an investment that ...
Investments | Episode 454
30 Jan 2024
Contributed by Lukas
Every time you spend money you are making an investment. It's either a good investment or a bad investment. Do not buy into the idea that investments ...
How To Handle Debt | Episode 453
23 Jan 2024
Contributed by Lukas
There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ab...
How To Save Money | Episode 452
16 Jan 2024
Contributed by Lukas
The savings rate in the US has been going up a bit recently but it's still lower than what it should be. Generally speaking, people aren't saving enou...
How to Be Your Own Banker | Episode 451
09 Jan 2024
Contributed by Lukas
Becoming your own banker, the infinite banking concept, bank on yourself and other financial concepts promote the idea of using the life benefits of l...
Making Financial Decisions Simple | Episode 450
02 Jan 2024
Contributed by Lukas
Throughout this year you will get to make financial decisions. If you make good financial decisions you will get ahead faster. In this podcast we wi...
Resolutions Vs. Goals | Wealth Talks Podcast | Episode 449
26 Dec 2023
Contributed by Lukas
The tragedy of financial resolutions is that resolutions often go unfulfilled. If you want to achieve something financially significant in a new year ...
We put a $20 Limit on our gift exchange for Christmas | Episode 448
20 Dec 2023
Contributed by Lukas
In our family's Christmas gift exchange this year we have a $20 limit. We drew names last month and the rules are that the drawing results are confide...
The Reasons We Moved | Episode 447
18 Dec 2023
Contributed by Lukas
We share our reasons for moving from Nevada to Indiana and the financial implications of switching houses. We talk about: Buying our new house while...
The Importance of Having a Cash Cushion | Episode 446
13 Dec 2023
Contributed by Lukas
Prior to moving from Nevada to Indiana we took a life insurance policy loan and let that money sit in our checking account because we expected to have...
How to prepare for a Recession.
08 Dec 2023
Contributed by Lukas
Recessions occur throughout history fairly regularly. Governments often attempt to prevent them from happening, and while these efforts may temporari...
Do you want more money?
01 Dec 2023
Contributed by Lukas
Many people want to accomplish more than the status quo in life, and they see money as a means to the end. Money is an important tool, but sadly, some...
Avoid Becoming A Victim of this Financial Tactic
23 Nov 2023
Contributed by Lukas
Scare tactics are often used to coerce others into taking a desired action. These tactics attack the victim emotionally, causing them to react very d...
Remember This Saw?
15 Nov 2023
Contributed by Lukas
Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearanc...
Remember This Saw?
15 Nov 2023
Contributed by Lukas
Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearanc...
Remember This Saw?
15 Nov 2023
Contributed by Lukas
Remember the old saw "Never judge a book by it's cover"? This proverb cautions against making judgments based only upon outward appearances. Appearanc...
What To Do When 100k per year Is Not Enough
08 Nov 2023
Contributed by Lukas
Many Americans are living paycheck to paycheck, but times are not getting any easier financially, so it's time to break this cycle now because it will...
Don't Go Alone
02 Nov 2023
Contributed by Lukas
A lot of people are living alone and whether they realize it or not, living alone has a cost. This isn't just regarding whether you are married or sin...
It's Getting Worse
25 Oct 2023
Contributed by Lukas
Regardless of what the government or media might claim, for many Americans, life is getting worse. As government overreach continues to destroy the pr...
No, We Aren't
18 Oct 2023
Contributed by Lukas
We aren't against 401Ks or IRAs, we are against the idea that people need to trust an expert to manage their money. A lot of people go with a 401K or ...
Preparing for an Economic Crash
11 Oct 2023
Contributed by Lukas
Bad economies rear their ugly head fairly regularly, and while they cause damage to almost everyone, the hardest hit are those who haven't prepared, ...
Bad Advice Can Cost You
05 Oct 2023
Contributed by Lukas
Listening to the wrong people can mess you up financially. You are in control of your own finances, and while people may offer advice on how to handl...
Fear and Greed
29 Sep 2023
Contributed by Lukas
There are two emotions largely responsible for controlling human behavior. Fear and Greed. Whether it be the headlines of yester year predicting ...
Using Life Insurance as a Financial Tool
20 Sep 2023
Contributed by Lukas
Life insurance equity is a great tool which can be used to finance expenses and investments throughout life. Some people try and rush the equity bui...
Certainly Uncertain
12 Sep 2023
Contributed by Lukas
Left, right, fast, slow, yes, no. Uncertainty is uncomfortable, stressful and can even be paralyzing. Life is filled with uncertainty. It is criticall...
This Could Save You on Taxes
06 Sep 2023
Contributed by Lukas
412(e)(3) plans are fully insured retirement plans. This type of plan is not dependent on market performance, it is based on the guarantees of whole l...
Stress Around Change: How to deal with it
29 Aug 2023
Contributed by Lukas
Stress can wear you out. Not only does stress damage your physical health, it affects your decision making ability leading to poor decisions and somet...
Best Invesment Ever?
23 Aug 2023
Contributed by Lukas
Are you looking to make a good investment? A great investment? What about the best investment ever? Financial speaking, whole life insurance is not an...
Who is trustworthy today?
18 Aug 2023
Contributed by Lukas
Trusting the wrong people can really mess you up, but you do have to trust people. So, who are you going to trust and how far will you trust them? Thi...
Be Careful with this Game!
10 Aug 2023
Contributed by Lukas
If you are playing the game of life, you better know the rules, because things can happen quickly! What might have been a logical move in the past may...
A Knockoff
02 Aug 2023
Contributed by Lukas
Have you ever bought something you thought was nice only to find out... it's not the real deal? Almost every good item has knockoffs, and many people ...
Yes! No! or Maybe?
25 Jul 2023
Contributed by Lukas
Buying a home is the biggest investment many Americans ever make, fortunately homebuying advice is as abundant as zucchini in July. Many advocate extr...
Do You REALLY want to be wealthy?
18 Jul 2023
Contributed by Lukas
Becoming wealthy isn't something which happens to anyone. It is the result of careful planning, wise choices, and definite actions. If you really wa...
Fact or Opinion
11 Jul 2023
Contributed by Lukas
Making large financial decisions can be difficult. It's one thing to analyze the facts once you have them, but sorting through countless opinions look...
Are you prepared to lose your job?
03 Jul 2023
Contributed by Lukas
Over the last few years things happened in our nation like we'd never seen before. Almost overnight industry stopped, businesses shuttered their door...
Don't get "pickled" financially
28 Jun 2023
Contributed by Lukas
What started out as a strange new game in the 1960s, the result of a lost shuttlecock on a family vacation, has suddenly caught on. Pickleball is rap...
You are being robbed!
21 Jun 2023
Contributed by Lukas
The robbers didn't kick the door in, bust the safe or leave fingerprints on the entry way table, they didn't break the windows, damage furniture or ri...
How to Live Your Values with Money
13 Jun 2023
Contributed by Lukas
Many people base their actions on an ever-changing perception of reality instead of time-tested truth. But the Bible tells us that "whatever a man sow...
Why bother with whole life insurance?
08 Jun 2023
Contributed by Lukas
With all the investment, hedging and saving options we have in today's world, is there any need for whole life insurance? Whole life insurance has bee...
More Bank Failures
23 May 2023
Contributed by Lukas
Bank failures often have a ripple effect, when one big bank goes, a bunch of smaller ones often walk off the cliff too. Are bank failures good for the...
What Will They Remember When Youre Gone
19 May 2023
Contributed by Lukas
If you die in some unnatural, extreme way many people will hear about it. Falling over the Grand Canyon railing and slithering to your fate will proba...
Money and Relationships
09 May 2023
Contributed by Lukas
Money issues are the most cited source for divorce. Yet, even with such dire consequences, 49% of Americans admit they have lied to their partner abou...
How to save more in 2023
03 May 2023
Contributed by Lukas
In our rapidly changing era, saving and preparing for tomorrow has never been more important. But saving in today's world can be difficult, especially...
Is there a problem with IBC?
27 Apr 2023
Contributed by Lukas
When the Infinite Banking Concept (IBC) was first discovered, many insurance companies were fine with their agents selling policies designed for IBC. ...
Don't bite the dust!
21 Apr 2023
Contributed by Lukas
"You can beat him, you can cheat him, you can treat him bad and leave him..." Queen explained in their hit song Another One Bites the Dust. A lot of d...
Why, Why, Why?
10 Apr 2023
Contributed by Lukas
Why do you go to work? Why do you help other people? Why do you save money for the future? Do you work only to finance a lifestyle, or establish a com...
Fungibility
03 Apr 2023
Contributed by Lukas
What is fungibility? Is it mildew? Is it mushrooms? Is it the blue green spores growing on the 3-week-old half sandwich at the back of the fridge? Or ...
What Happens When Insurance Companies Fail?
29 Mar 2023
Contributed by Lukas
We just watched two big banks fail - Silicon Valley Bank (SVB) and Signature. Bank failures happen quite frequently, but the failure of SVB and Signat...
Are you a victim of gaslighting?
21 Mar 2023
Contributed by Lukas
We've been gaslighted a lot by our government over the last few years. Remember how often we were told "Follow the Science" or "Don't question the Sci...
Do you need more life insurance?
15 Mar 2023
Contributed by Lukas
Many people don't understand how much they need life insurance. Many people are pitifully under insured while some don't have any insurance at all! Fo...
Would you use your cash value like this?
09 Mar 2023
Contributed by Lukas
Would you use your cash value to become a pilot? Start a business? Buy a vacation home? What would you do if your home was flooded? Or if someone dr...
Many people don't know this
02 Mar 2023
Contributed by Lukas
Some people only have life insurance to provide a death benefit. Many of them never realize life insurance can provide benefits while they are still l...
Hidden dangers in...?
24 Feb 2023
Contributed by Lukas
Just because marketing doesn't discuss the dangers of a product doesn't mean there are none. The strong, tough Marlboro man advertisements certainly d...
Can you get a higher Social Security payment?
14 Feb 2023
Contributed by Lukas
Many people aren't aware they can get a higher social security payment in retirement. Depending how you file, you may be able to increase your social ...
Time Value of Money
07 Feb 2023
Contributed by Lukas
Does steak actually cost more when it goes on sale? When you save money are you actually losing it? What does time value of money mean anyway? Today o...
Overpaying Taxes Could Hurt You
02 Feb 2023
Contributed by Lukas
Overpaying taxes is often seen as a smart strategy. Not only does it keep you out of trouble with the IRS, it's also a nice surprise to get the refund...
Be Careful with the Product
20 Jan 2023
Contributed by Lukas
IUL has been the shiny yet dangerous toy in the insurance world for some time. Having enjoyed a period of wild popularity, IUL is starting to come und...
The 10-20-70 Rule: Pay Yourself First
10 Jan 2023
Contributed by Lukas
Elaborate plans and complex formulas sound grand and can even make great sense. But simple is usually easier and if it's easy, it tends to get done. I...
Plan for your success in 2023
03 Jan 2023
Contributed by Lukas
Many people set new goals for the new year, but sadly, many people will never make those goals because of poor planning, or even worse, no plan at all...
Will having a child cost you $225,000?
28 Dec 2022
Contributed by Lukas
Researchers estimate raising a child will cost you 225,000 dollars! This cost does not include any private education, or a college degree... perhaps i...
Sabotage?
16 Dec 2022
Contributed by Lukas
It is a strange fact that those in power will often destroy the people who put them into power. A recent example is the EAGLE act which will likely de...
Unpleasant Surprises
06 Dec 2022
Contributed by Lukas
401Ks, ESGs, Pensions plans, and Life Insurance are all things you probably know of, but there are some unpleasant surprises associated with many of t...
Do you wake up in a BAD mood too?
30 Nov 2022
Contributed by Lukas
Many Americans wake up in a bad mood. Researchers estimate the average American will wake up in a bad mood 300 days every year. How terrible! What cou...
Foundations. Special Thanksgiving Episode
23 Nov 2022
Contributed by Lukas
Skyscrapers, bridges, and nations are all built on foundations. A good foundation will last for many years but, if not maintained, it will eventually ...
Why so much sensationalsim?
16 Nov 2022
Contributed by Lukas
It's more fun to talk about a bomb exploding in the middle east than a local road the city plans to build through a quiet neighborhood. Why? Because s...
False things about life insurance
08 Nov 2022
Contributed by Lukas
There are many false teachings about life insurance. Some attempt to portray life insurance as a terrible product, while others attempt to make it mag...
All about Life Insurance
02 Nov 2022
Contributed by Lukas
Should you buy Term Insurance? Whole life? Universal life? Which is the cheapest? What type is the best? Should you buy insurance as soon as possible?...
If not you, who?
18 Oct 2022
Contributed by Lukas
As a nation we are in bad shape. Inflation is climbing, environmental "concerns" threaten our staggering economy and global elites seem to be planning...
Why is Life Insurance so dependable?
12 Oct 2022
Contributed by Lukas
Each year several banks go broke, but, comparatively, few life insurance companies become insolvent. Today on Wealth Talks, Tom and John look at the w...
What will happen to pension plans?
05 Oct 2022
Contributed by Lukas
Federal pension plans have been in disarray for some time, but now, state pension plans are running into trouble as well... 8 trillion dollars of trou...
Should you still be saving?
29 Sep 2022
Contributed by Lukas
Inflation punishes people for saving by stealing the value out of their money. With inflation this bad, many people are saving less, have stopped savi...
One type of insurance you will use
20 Sep 2022
Contributed by Lukas
Many people buy fire insurance but never have a fire. Many people buy car insurance and never get in an accident. Many people have medical insurance t...
Fear and Greed
14 Sep 2022
Contributed by Lukas
Fear and greed are called the two big motivators in this world, but they won't help you build a strong and sustainable financial future. Today on Weal...
Could socialism work?
07 Sep 2022
Contributed by Lukas
Socialism is supposed to be where everyone shares with other people. The needy are taken care of by those who have an abundance, everything is fair, e...
Sticks and stones and something in Vegas
30 Aug 2022
Contributed by Lukas
Sticks and stones may break my bones, but words can never hurt me. Today on Wealth Talks, Tom and John discuss this age-old children's rhyme, and how ...
How to win... easy
23 Aug 2022
Contributed by Lukas
Turns out, winning is easy... if you keep changing the goal posts! Our government is reeling the goal posts in with an electric winch in overdrive! Ga...
Consequences of getting rich
15 Aug 2022
Contributed by Lukas
Getting rich is something a lot of people want to do. But there are startling consequences along the way which many people overlook. Have you consider...
How to get rich quick.
10 Aug 2022
Contributed by Lukas
Getting rich quick is simple. All you do is bet big and never lose at poker. Simple, straightforward, and statistically impossible. Simple doesn't mea...
Inflation So Bad They Renamed It
02 Aug 2022
Contributed by Lukas
Ice cream containers are getting smaller, and the price is rising. Is this inflation? It's now called shrinkflation! No matter what cutesy name infla...
Politicians and Stupidity
27 Jul 2022
Contributed by Lukas
If you need something messed up, call a politician, they're pretty good at it. Almost every economic problem we have today can be correlated to some s...
It Happened Again!
19 Jul 2022
Contributed by Lukas
Supply and Demand... a problem?
13 Jul 2022
Contributed by Lukas
Supply and demand have been regulating goods and prices for a long time and, when left alone, they do a very good job. But some people abuse supply an...
Something is going to happen...
05 Jul 2022
Contributed by Lukas
Watching our economy is like watching a car hurtling down the interstate at 104 mph with 5% tread left on three tires, a bent rear axle and a spare ra...
Should we "blow everything up"...
28 Jun 2022
Contributed by Lukas
Our country is in trouble. Gas prices are at unprecedented highs, criminals go unpunished and gross corruption seems to be the only requirement for ho...
Wisdom for Building Wealth in Times of Change
22 Jun 2022
Contributed by Lukas
The American system of government based upon "the Laws of Nature and Nature's God", has facilitated the largest burst of creativity, wealth production...
The Importance of being...?
16 Jun 2022
Contributed by Lukas
The percentage of people who own life insurance has been dropping big time. Fewer and fewer people understand the importance of being insured. This is...
How Fundamental Values Can Help You Build Wealth
09 Jun 2022
Contributed by Lukas
We live in a world that too often blurs important distinctions between fact and feeling so far it becomes easy to question the existence of the fact. ...
Tax Schemes and Savings with Jack Cohen CPA
31 May 2022
Contributed by Lukas
There are many legal ways to save on taxes, but there are also a lot of dangerous tax schemes. You can smell some tax schemes from a mile away, but ot...