Home
Videos uploaded by user “Wise Money Tools”
Indexed Annuities Explained – Retirement Planning Basics – Safe Money Investments
 
12:29
Indexed Annuities Explained will show you exactly why Annuities are great for safe money and wealth creation. We go through some of the pros and cons of Annuities and why they make a great tool for retirement planning. This Annuities 101 course will show you why Annuities work excellent for some people, and not as well for others. Indexed Annuities can be great if they fit the goals you are trying to achieve financially. "Hi this is Dan Thompson – I want to spend just a minute here talking to you about a Fixed Indexed Annuity. You may have heard of them, you may have read about them, you may have even seen that stock traders and money managers that charge fees don’t like them. Let me just say this, most fee-based advisors don’t like them because they can’t charge fees, it takes away their income. Kind of sad huh? Well that’s the world we live in…. Okay real quick there are 3 basic types of annuities. There is a fixed annuity A Variable Annuity And an indexed annuity. We will cover the fixed and the variable on another video – for this video I just want to focus on the indexed annuity. By the way, it’s the only one I would use, unless someone needs immediate income, but other than that, if an annuity is a good fit, and because of the type of client that works best with us, an indexed annuity typically is our best choice of the three basic annuity types. Let me give you the top 5 reasons why people consider this type of investment – and the type of client that generally seeks us out. 1. They are tired of the ups and downs of the market and ready to get off the roller coaster with some of their money. 2. They are in the DANGER ZONE of retirement and cannot afford to lose money at this stage of their life. This is really important. The danger zone is 7-10 years before retirement and 7-10 years after you retire where you just can’t lose the money needed for retirement or it could devastate your dreams. You’d be surprised how many people have the largest percentage of their assets still at risk up to the very day they retire. Talk about rolling the dice! I guess they missed all the horror stories of those who wanted to retire back in 2008 when the market turned their 401k into a 201k almost over night. Many lost up to half of their portfolio and could no longer afford to retire. I encourage you to not make that mistake! 3. They don’t want to give up on getting a competitive return on their money. 4. They would like to have some of their money safe and guaranteed 5. They want to assure they will have income for the rest of their life no matter how long they live. If any one or several of those reasons strikes a cord with you then you’ll want to listen further. Let me also put out on the table that most annuities are designed for long term holding periods. They aren’t made to buy and sell and jump in and jump out of. They do not charge you a fee to open one nor do they charge an annual management fee. They do have a surrender charge, which means if you took all your money out at one time during that period there would be a cost to do so. For that reason, again, an annuity has to fit your time horizon. There is no charge to take income, so if you manage this correctly you should not have a cost to get in or to take a lifetime of income. Some annuities have riders. These riders can do several things. Some riders are built to enhance your income for life, some enhance your death benefit, and some assure your money will grow at a certain growth rate each year. Riders can have a cost, so make sure the annuity fits well with your situation and that if you choose a rider that the rider is enhancing your objectives. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 10839 Wise Money Tools
Mutual Vs Stock Life Insurance Companies - Whole Life Insurance Dividends - Infinite Banking FAQ
 
03:58
Let's look at mutual vs stock life insurance companies and why that matters to a high cash value whole life insurance policy for the Infinite Banking Concept. This is one of the Infinite Banking FAQ that I often get. Why would I need to use a mutual life insurance company over a stock life insurance company? Well the difference is in the ownership. With a stock life insurance company the dividends first go to the stockholders of that company. However, in a mutual life insurance company the dividends go to the policy owners. Because this money is considered a return of premium this is a non taxable event. This is why cash value life insurance policies can grow so well without taxes, your growth is considered return of premium. This is why when it comes to using the Becoming Your Own Banker system we use whole life insurance companies that are mutual, not stock, based. This way we can maximize our dividend growth for use with the Infinite Banking Concept. This is the only way, really, that the concept will work the way we need it to. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3980 Wise Money Tools
Infinite Banking Concept Explained – High Cash Value Life Insurance – Becoming Your Own Banker
 
13:48
Let's learn more about the Infinite Banking Concept and how it works. What are the pros and cons? Is it a scam? We want to give you a simplified look at Infinite Banking based on the book by Nelson Nash, "Becoming Your Own Banker." Infinite Banking utilizes high cash value life insurance, whole life insurance, to put your money in a safe and secure financial environment where you can grow your wealth. Because of the advantages that cash value whole life insurance offers, Infinite Banking becomes a concept that really stands on its own. "Infinite Banking Hi glad you could join me on this video. My name is Dan Thompson. Let me take a minute here and get to the core of what I think Infinite banking accomplishes. It’s really more than just using high cash value life insurance to create and protect your wealth. There are 5 key principals to infinite banking. The first principle here is safety. Look, markets are volatile. Extremely volatile, and with that volatility comes unpredictability. The market has a way of lulling everyone to sleep. We all think the market will go up forever, then bam, it changes almost instantly and years of growth can be wiped out in sometimes days, even hours. Did you know that in 2008 2.1 trillion dollars was wiped out in about the time it takes to brush your teeth? That’s how fast it can change. I was a stock trader for 15 years and there is a saying that “the market has a way of proving the most number of people - Wrong!” It’s true isn’t it? How many people have no idea what to do, ride the roller coaster up and down with the market and then cross their fingers and hope they made the right choice. Pretty scary isn’t it? Seems most people put the greatest amount of money at risk hoping it will be okay…but what if it isn’t? Do you know how many people had to put retirement on an indefinite hold when 2008 wiped out half of their retirement savings? It doesn't have to be that way. What we gain by using this concept of high cash value life insurance is safety. Strong insurance companies have been through every market cycle and have protected your capital through good and bad times. And I’m talking bad times to the extreme. We are talking about insurance companies that paid out dividends in the great depression and even in our latest market crash, recession, and interest rates basically going to 0%. There are underlying guarantees as well. Did you know cash value life insurance is deemed so safe that even banks put billions of dollars into cash value life insurance to protect their capital as well? It’s called BOLI – Bank Owned Life Insurance. For the bank those policies are put on their books as Tier 1 assets – the safest assets banks own. Yes, they take your money that you deposit into your checking, savings and CD’s and they in turn around and use some of it to buy cash value life insurance. If it’s good for the banks that want to protect and grow their capital, seems like it should be good for us too. I don’t believe that taking risk is necessary for growing your wealth. Slow and steady wins the race, and life insurance offers us the most growth for the least risk out there. Next - we have Tax-Benefits – Life insurance offers us a place where, if handled properly, our money can be tax-free from both income while living and a death benefit when we die as well. Put these two together and we have a way of avoiding taxes indefinitely. A well-engineered life insurance policy offers a very sturdy financial future. Its one of the last places where we can store cash with tax-advantages. Our 3rd benefit is Access to Capital – This can be a tremendous advantage for sure. Families and business owners alike have a need for capital at some point. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 33277 Wise Money Tools
How Whole Life Insurance Dividends Work and Grow - Stock Vs Mutual Life Insurance Companies
 
07:14
Whole life insurance dividends work and grow differently in a stock life insurance company vs a mutual life insurance company. When stock life insurance companies grow and make a profit, that profit goes to the shareholders, not to policy owners. However, in a mutual life insurance company the policy holders are the ones who receive the growth in the form of dividends. This means that mutual life insurance companies can provide us with more benefits for growing our cash value than stock companies can. This is why, for concepts like Infinite Banking, we use mutual life insurance companies and not stock life insurance companies. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2562 Wise Money Tools
3 Different Types of Life Insurance Policies - Life Insurance Explained Simply
 
12:19
Let's look at the different types of life insurance policies that exist. This may sound dry, but understanding the differences, and getting an idea of what your options are, can greatly enrich your financial future. Lets look at life insurance explained simply, and in a way that makes sense, and see how each type of life insurance applies to you. ---- Hi this is Dan Thompson In this video, we are going to look at the three most common types of life insurance policies. Because everyone has a different situation one policy may be more favorable over another. As your situation and finance changes evolving into other types of policies could make financial sense. In subsequent videos, we will dissect the purpose, use, and advantage of using a permanent high cash value type policy, so stay tuned. Alright, here we go. To start off, let’s look at the most common type of life insurance. Term Why is term the most common? 1 It’s the least expensive pure life insurance. 2 It’s used to protect your family, pay debts, and future planned expensive. 3 It’s made to be use for a “Term” not a lifelong policy. 4 You can buy term for specific periods of time such as 5, 10, or 20 year. The downside to term is this: 1. Gets more expensive as you age - Prohibitive for estate planning as the older you get the premiums can be far too expensive. 2. Most people drop their term coverage about retirement time as cost are pricing them out of their policy. 3. Has no “premium return” or cash value. 4. Once you quit paying premium - all past premiums are lost. 5. Must die to get a benefit. You never own term insurance. It’s more like renting. Quit paying rent and you have nothing to show for it. So, when you do you use term? When you are young and you have a young family, term can be an inexpensive way to assure your family will be provided for in case of an untimely death. Only about 1-2% of all term polices ever pay a death benefit, which is why it’s relatively inexpensive. The chances of a young 20-30-40-year-old dying are in the companies favor. By the time you hit your 60’s and 70’s term is extremely expensive and is usually dropped because of costs, or not available due to health issues. The next type is a Universal Life. UL first came out in the 80’s. It was designed to build cash value and help offset the cost of insurance as you aged. Essentially the premium is made up of two parts. You have the insurance part or death benefit. And then there is a savings part or a cash value part. The death benefit in a UL is covered by term insurance. It’s not the cheap term insurance you hear advertised on the radio, it’s actually quite expensive. The difference is you can buy term in increments like 10 or 20 years. In a UL the term is what is called Annual Renewable Term. It’s actually less costly while you are young, but is incredibly expensive as you age. The idea with a UL is that you overpaid the premium and the excess went into a cash value account. Those funds received an interest credit based on the current interest rates at the time. The hope was the cash value would grow and as the cost of the term insurance increased the cash value could help offset those costs. If there was enough cash value, at some point the earning on the cash value would or could pay the premiums. The downside was the cost of insurance had no cap to it. In other words, the insurance company could raise the term costs and for many the cash value was eaten up quickly. By the time people retired, the cost of the insurance escalated and the cash value could not keep up with the costs. When that occurs, you are faced with either paying the premium out of pocket or the policy would lapse. Many older couples could not afford the higher premiums and the policies lapsed. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 9554 Wise Money Tools
Sequence of Return - Retirement Income Planning - Retirement Income and Withdrawals - Safe Money
 
08:38
Sequence of return is simply the order in which we get positive or negative returns in our portfolio. Say for instance you get 5 years of positive and 5 years of negative returns. Does it matter what order the returns are in? Where this comes into play is in retirement income planning. Although during accumulation phases it does not matter what sequence your returns are in, it makes a huge difference during retirement income years. When taking income from your portfolio the sequence of your returns will make an enormous difference in the outcome of your portfolio. This video explains why. "Sequence of Return What the heck does “Sequence of Return” mean? In reality it means very little while you are accumulating and growing your funds. It is HUGE when it comes time to withdraw your funds. So here’s the deal. You may have many years or even decades before you retire. I think everyone knows by now that there are going to be some good years and some bad years. Markets will go up and markets will go down. Sometimes it’s not so bad and other times it could get really ugly! However, for this discussion we aren’t going to discuss the merits of investing in the stock market, just simply the facts of how this all works. There’s a saying out there that the market goes up two steps and them back down one…. then up two…. back one…. it’s affectionately called the “Wall-Street Waltz.” So here’s a question for you. Lets suppose you decide to invest $200,000 into the market. Let’s also suppose you get to choose when the market takes that step backwards. Here are your choices: A. The market goes up 10% for the first 6 years in a row, then flat for 1 year, then down 4% for 3 years. Or – just the opposite: B. The market goes down 4% for the first 3 years, then flat for 1 year, and then goes up 10% each year for the next 6 years. Basically the same returns each year just in a different order. Which scenario would you rather have? Most people like the idea that they go up 10% each year for the first six years has to be the winner. That has to be a good thing right? I mean you get a good head start and lots of money has accumulated just in case there is a loss. What if I told you it didn’t matter? What if I told you the results were the exact same? Let me prove it to you. In the first scenario the account value ends up a 313,472.16. Notice we have six good years of 10% then a flat year and then 3 years where we lose 4%. The result just over 313,000. In the second scenario where we had the losses first we still end up with 313,472.16. See the losses first and then the flat year and then the six years of 10% gain? They both average 4.80% Now I could move the returns and losses a thousand different ways and we will still end up with 313,472.16 and an average return of 4.80% The point is, when you are accumulating or growing your funds it doesn’t matter when the losses or the growth comes – we just hope growth comes at some point! Start out slow or start out fast in either case it comes out the same. So, again, when accumulating and leaving your money to grow, given the same return each year, the sequence of those returns does not matter. But what about during retirement? Does sequence matter if you are withdrawing income to live off of? I did a study from 1989 to 2008 to see if sequence had an affect on a couple during retirement. This is what I did. I had two couples. They each had $200,000. They both took income from 1989 to 2008. Each couple also took out income each year. The first year they took out $10,000 or 5% of their total assets and increased their income by 3% each year to account for the cost of living. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2245 Wise Money Tools
Safe Investing - Whole Life Insurance as an Investment - Part 2
 
15:54
Part 2 of our "Whole Life Insurance as an Investment" series... Thanks for joining me on part two of this series. As promised from the first video in this series, I told you I’d show you a real-life case, that left me wondering what planet I was on. You might be surprised as well. Last fall I was talking with a dentist. He was looking for the best way to supplement his income when he retired in 10 years. The dentist was going to save $100,000 a year for a total of 1 million over the next 10 years. I showed the dentist how he could build up the cash value in an engineered whole life and have a tax-free income stream at retirement. The dentist liked it. At the request of the dentist he wanted me to show it to his money manager or current advisor. I told him, I’m happy to, but if he’s a typical money manager, he’s going to come up with some reason not to do it, but that’s okay, let’s see what he says. So, I went to his advisor, I showed it to him. We compared what he wanted to do for the dentist with the whole life. His idea was essentially the Wall Street way using a staggered bond portfolio, mixed with some dividend paying stocks. He was projecting about a 3-4% income stream based on the current economic conditions. Let’s give him the benefit of the doubt and say he can get the high side of his projections of 4%. I showed him how we could engineer a policy that when he retired and based on the current economic conditions, it would send off about 6% per year. There were a couple of big differences though. The 6% he would get from his whole life policy would be tax-free. Whereas the 4% from the advisor’s plan would still have to be taxed, which in the dentist’s tax bracket, it would net him about 2.5%. Then there were those fees. The advisor explained that because it was fixed bond account, he would reduce his fees to ½ a percent per year once the account got to $500,000. In the first years while it was building up, the fee was 1.5%. So, after fees and taxes, and assuming he still had 1 million dollars at retirement, he’d net 2% income retirement time. So, the dentist would have a million dollars invested over the 10 years and at retirement he wanted to keep the principal in-tact and essentially take the growth each year to supplement his income. In the advisor’s plan, and doing it the Wall Street way, the dentist would have about $20,000 a year after fees and taxes to spend. What was kind of frustrating is the advisor showed him 4% coming from his account. He just the deduction for his taxes and fees – which is no small thing. So, the dentist thought he was going to get $40,000 per year. Then I had to point out to him that he would only net $20,000 per year to spend. On the other side was a solid whole life policy that I designed more for cash value and income rather than death benefit. I first showed him no growth on his million dollars. In other words, he’d save 100,000 a year and have exactly 1 million in 10 years. Obviously, that is not the case, but it made my point that the income stream can be more important than the return while building up. So, in 10 years, he would be able to take out around $60,000, per year and because there would be no tax – if we handle it right - he would get to spend $60,000. almost triple the spendable income from what he would get with the advisor’s portfolio. Couple of other issues. He would bear all the interest rate risk with the bonds. That means if interest rates were to go up, then his bond values would go down and vice versa. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 6156 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 6
 
06:30
Part 6 of our "Truth About Indexed Universal Life" series. --- Hey everyone – Dan Thompson here, welcome to part 6 in on series on the IUL. As we continue our discussion on the Indexed Universal Life illusion I want to pick up on a fairly new ruling to reign in the often ridiculous IUL illustrations. In the past year, the Insurance Commissioners had to add a new rule to all IUL illustrations. It’s called AG 49. Seems IUL illustrations were deemed way too aggressive and could be misleading the public. See, if I’m an IUL salesman all I have to do is run illustrations with a higher rate of return than my competitor and I look like a genius. When the opposite is likely true, the best-looking policy is likely the most fictitious policy too. I heard an IUL sales presentation the other day. He said, if you had 100,000 and it got a 4% return over the next 20 years, you would have $219,112. If you had that same 100,000 but got an 8% return you would have $466,095. Then he said, “I’d rather have the $466,000, wouldn’t you?” Then implied if you bought an IUL you too would get 8%. See all he did was put in a different rate of return. That is the fallacy of IUL illustration, you pick your rate of return. Look, I’d rather have 15% than 8%, wouldn’t you? Where does it end? Just because an illustration shows it, does not make it so! The public has no idea that all an agent has to do is choose a rate of return and illustration will project that return out forever. Sadly, most people rarely read the disclosures and risk, so they simply think the guy with the best illustration must have the best policy. If you didn’t see part 3 of this series, check it out, we discuss and show you the disclosure on an IUL. As a refresher - Most indexed life products use the S&P 500 as the index of choice. The S&P 500 index has about an 8% return for the past 20 years– depending on the years you look at. As we discussed in our last video - Most experts agree that about 2% of the total return of the index is made up of the dividend. An IUL technically buys an option on the index or the S&P 500. So, what does that mean? It means if the market has returned 8% then in the IUL that would be 6%. You would have only gotten 8% if you had invested directly in the index and took all the risk, and reinvested the dividend as well. If the market does 6%, then the IUL would get 4%. This is huge! Going back to that example of 100,000 invested. Do you know the difference between 8% return and 6%? 8% was 466,000 6% is 320,000 That 2% cost you 146,000 bucks. This guy was so deceptive in his sales presentation, and oh, by the way, he is the leader of one of the largest IUL marketing organizations in the country. This is what they teach their advisors. This was an advisor meeting teaching these guys how to sell it to their prospects where he said, -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1544 Wise Money Tools
THE 401K DILEMMA -  401k Explained 401k Investing 401k vs Pension 401k Fallout Recession 401k Fees
 
05:28
In 401k dilemma we show 401k investing and how it has changed the retirement market. Before the 401k was the pension plan. But, if we look at the 401k vs pensions the question becomes clearer, the 401k puts the risk of retirement squarely on your shoulders. When we look at 401k fees and all the risk that is involved with a 401k our dilemma becomes clear. Many people do not account for the taxes they will have to pay. For instance, if you are about to retire with 1 million dollars in your 401k, you may be surprised when that, after taxes, comes out to around 700k. No matter what the actual number is many people do not plan and account for taxes, which are a big part of the 401k. In order for us to fully understand the 401k and what it is doing for us in our retirement we need to understand what our actual value is. To get a better idea of how much money you will have for your retirement send me an email at dan at daniel-thompson.com. "The 401k Dilemma Let’s talk for just a minute about the 401k. Probably most of you, and I’m guessing a lot of you, have a 401k with your employer. Do you know about the 401k’s origin? Before the 401k there was a little benefit called the Pension. A pension technically is called a defined benefit plan. What that meant is that the employer would define the benefit you would get during retirement based on income and your years of service. Upon retirement the employer essentially would purchase a lifetime income annuity for you that paid a monthly benefit based on those benefits promised. The problem was employers waited, delayed, and put off funding those plans so many of them are under water and cannot provide the benefit they promised. In 1974 ERISA allowed for employers to create defined contribution plans. The difference is significant. Remember a defined benefit plan promised to pay the employee a specified income stream based on salary and years of service. These plans were also fully funded by the employer. A defined contribution plan, on the other hand, simply promised to put in so much money into an account for the employee. That’s it. How it’s managed, the overall return, and the risk was put solely upon the employee. Employers were out from under the burden of providing income from a defined benefit plan for retirees by putting in a percentage of their income into what is now called a 401k or a defined contribution plan. So why the history lesson on retirement plans? For one, I don’t think most employees have any idea the risk that has been placed upon him or her to provide for their own retirement. It’s all on you. There are a few things against you. First is fees and expenses inside these plans. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2600 Wise Money Tools
5 Steps to Financial Freedom for Real People - Financial Success Strategies
 
25:53
It’s that time of year again where we resolve to do things just a little bit better this year. One of those is getting on the path towards financial freedom. In this video/podcast we talk about the 5 most important steps to take. ---- Well, hi everyone! Welcome to another Wealthy and Wise Wednesday. In this podcast and video, I wanted to cover a few critical issues that come up regularly, as people call in from all over the country. They like the idea of a well-engineered High Cash Value Life Insurance Policy but want to know exactly where it fits in. 00:01:01 So let’s talk about that for a second here. If we break down the steps to what I’ll call the 5 Steps to Financial Freedom, they may look something like this. 00:01:12 First, you need to know where your money is going. Some don’t like to use the dreaded “B” word, “Budget” to track their income and spending. And I get that! And this can be overwhelming for some and maybe even pleasurable for others. Let’s not say pleasurable but some of you like to know where every penny is going and that’s okay. If you don’t get a hand on what’s coming in and what’s going out, it’s just going to be really frustrating until you can control and save. 00:01:44 Well, once you know where you’re at, then you can determine what you can put aside, right? Now, there are thousand different answers to how much you should save. Well, we’re going to go over that another video as we go along but suffice it to say, save as much as you can. At some point, your goal should be at least near that 20% of your income and certainly 10%. 00:02:08 So now that you’ve got money and you know where it’s going and now you can start saving it, the next step, step 2, you need to have what’s called a MOD. 00:02:18 That stands for a Money On Demand account. This includes all the safety nets usually provided by other insurances. There are times where you have to have money on demand for unforeseen events. Now, this would include car insurance and homeowners insurance and health insurance. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2248 Wise Money Tools
Are you an Investor or a Gambler? - Investment Risk Management - Income for Life
 
10:36
Are you gambling your money away or are you investing? Do you invest money that you can't afford to lose in a place where the odds are stacked against you, or worse in a place where you have no clue what the outcome is? Smart investors don't invest in anything where they don't have some control over the outcome. Smart investors make sure they understand their investment risks vs the rewards. In many cases income for life streams or cash value life insurance can provide a safer alternative to gambling in the markets or 401ks. Investor or Gambler Hi…this is Dan Thompson One this video we are going to talk about the difference between an investor and a gambler. The term investor has been dramatically changed over the years. Let me see if I can define what an investor should be. 1. The money invested should be RISK CAPTITAL So what does that mean? It means that in the case of loss you should be able to walk away from it financially and emotionally without it negatively affecting your financial situation. Truth is you may be able to walk away financially, but it’s hard to walk away without emotion, we all hate losing money don’t we? How does that definition sit with you? Can you walk away from your investments in the stock market and be financially okay? 2. Next, Investors have a deep understanding and knowledge about the investment. This more then likely eliminates many people from putting their money at risk in investments they don’t understand. 3. Investors have some Influence or control Do you have any influence or control over what happens in your investments? Risk capital is “walk away money” - Money that you don’t need for retirement for instance. For most people I talk to their retirement plan at work is not “walk away” money. In fact under what circumstances would money you need for retirement ever qualify under walk away or risk capital? Never right? I mean we are saving or investing for our future….but at what risk? We saw many people put off their retirement plans after the last stock market crash because their 401k or IRA was their next egg, It was money they needed for retirement and their future income. In the end, it wasn’t risk capital. Understanding your investments is important. Do you know how many times I ask, so tell me about you investment mix? Why do you have your money invested in that fund or that one? More often than not it’s something like, well that’s what the guy told me to do. Or they said this portfolio mix was conservative, or moderate, or aggressive. When I ask how the funds or investments are managed or what they invest in or how they protect you from losses all I hear is crickets and a blank stare. No one knows…do you? Folks, this is your future. If you don’t know how or why your money is invested doesn’t that kind of scare you? Are you willing to risk your future? Lastly, having some kind of control or influence isn’t a bad idea. This is why many decide to own their own businesses. They feel like they have control or influence on the direction of the company. So if you have Risk Capital, a deep Understanding of the investment, and some control or influence, you are most likely an investor. I encourage you to watch Shark Tank. It’s a TV show where billionaires listen to ideas from people looking for money and investors. You’ll be able to tell right away that these “sharks” are investors. They have risk capital, if they don’t understand something they usually walk away, and they want influence on the direction of the company. Real quick, let me say something about the 401k. You know, the 401k wasn’t designed to be an end all to saving or investing. However, the promises and lure of double-digit returns gave people hope that they could save less and have more in the end. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1565 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 3
 
15:02
Part 3 of our "Truth About Indexed Universal Life Insurance" series. Welcome to part 3 of this video series on IUL. Okay, a quick review, We’ve gone over term insurance and Whole Life insurance. If you’ve missed that video, go back and watch it first so that this will all make more sense as we move along. As we discussed, term insurance is good for specified periods of time, builds not equity or cash value, and ends when you quit paying premium. Whole life started back in the 1700’s with what were called mutuals and societies and was designed to be there for your entire life. Whole life was proven, solid, predictable, and benefited hundreds of thousands of families for several generations. Then….. In the 80’s a new player came along. It was called Universal Life or UL for short. What the UL did was build a model that combined term insurance and a cash value account. Unlike whole life where both the cash value and the insurance for death benefit were one in the same, in a UL they separated the death benefit from the cash value. The idea being if you could buy term insurance and then add additional premium to a cash account that it would have a better return than whole life. At least that’s what the geniuses thought. So, a universal life policy would buy term insurance and then with excess premium it would invest into interest bearing investments such as bonds. Back in the 80’s you could get 8%, 9%, even 10% interest and still stay pretty safe. The hope was to build the cash value greater than what you would be able to achieve in a whole life policy. The only problem was the UL had 2 fatal flaws. The first flaw was the use of the annual renewable term insurance component. Remember what happens with annually renewable term insurance? The cost goes up each year with age. This wasn’t an issue with younger buyers, but as you neared retirement age, guess what happened? You got it, the cost rose so significantly that many policy owners could no longer afford the premium. The hope in a UL is that you’ll build a cash value account so that when the cost of insurance soars, it can help pay those costs. As long as you had cash value, you wouldn’t have to pay premiums. Which leads us to the second fatal flaw. This was assuming interest rates would stay at those higher levels. Projections of 8-9-10% fixed interest rates seemed amazing! However, as interest rates dropped so did the cash value projections and soon the costs of insurance ate up the cash value. The return on the cash value could not offset the rising costs. You see, the cash value could help offset the costs for a while, but once it was eaten up paying for the increasing cost of the term insurance, Once the cash value was gone, your choice was to either pay the massive premiums out of pocket or lose it all. Premiums became unaffordable. Policies lapsed! People lost their money – and lots of it! Losing money that way was much more painful than simply dropping a term policy because you paid in substantially more for the hope of better returns. Those that died young, it was fine, but if they lived too long they were more often than not, priced out of their policy and it would lapse. That was strike one against universal life – it simply didn’t work long term. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3378 Wise Money Tools
Should I Defer Taxes? - Why the IRS Will Win - Deferred Tax Explained - Dan Thompson
 
06:49
Should I defer taxes or pay my taxes now? There is a reason why the IRS will likely win in a deferred tax situation. However, most people are unaware when they defer tax that they may be putting off their tax for a worse situation in the future. In this video Dan Thompson takes us down a few different situations where a deferred tax asset may not be the best idea. However, most people are not aware of the possibilities so they don't take it into account when they make the decisions. Having deferred tax explained and the options that they have may help you create a future that has less of the IRS meddling in it. Take the time to explore your options before jumping into a tax deferred situation thinking it will be a savings in the future. ---- Have you ever played a game where you knew the odds were against you? Putting money into a slot machine comes to mind. Every once in a while there is a winner, but for the rest of those who try, they get to watch their money go bye-bye. So here’s a question. Do you think if the IRS were to set up a system they would rig it so that they would lose? No - I don’t think so either. See, they know the odds. They have the statistics. And they know the odds are in their favor when it comes to retirement plans. So what am I talking about? I’m talking about deferring your taxes in a retirement plan. When it comes to wining the 401k or any retirement game – as we’ve discussed on our video Your 401k silent partner – The only way to win is to put your money into a retirement plan at a higher tax bracket than when you take it out. That’s it, pretty simple and straightforward. There is no other way to win! Take money out at a higher or equal rate as when you put it in and you lose. See the IRS realizes that there may be a few who defer their taxes at a higher bracket than when they take it out…. and they are willing to take that risk because the realization is that most people are in the same or higher tax brackets when they finally take out their money. When I ask CPA’s if people are retiring in lower tax brackets then when they were working – the answer is always NO In other words when you retire, there is a good chance that you will remain in the same tax bracket you were in while you were working And in many cases, maybe higher. I mean if I were to ask you, do you thing tax rates are going to stay the same, go down or go up…what would you say? Most say…go up! Besides our govt’s insatiable appetite for tax revenue to spend, our debt is ever increasing as well. That can directly affect you of course. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1017 Wise Money Tools
"Don't Do Dumb Things" - Smart Investing Tips - Safe Investment Advice
 
09:16
The best safe investment advice is, don't do dumb things. No one makes their fortunes doing what Wall-Street tells them to do. Most people make their money on their own, whether through a good job or owning their own business. What they do with their money on the investment side depends. When we look at people like Warren Buffet and Charlie Munger we see investors who have taken the dumb mistakes that smart people have made around them, and learned from them. We can learn from the dumb mistakes investors take in Wall-Street. The smart investing tip here? Investing in safe investments is the best way to keep your money and make it grow work for you. By putting your money into safe investments, that have liquidity, you can keep your money working for you when you aren't using it. Then, if you find a smart investment that you think will pay off, you can invest your money, make a profit, and then put your money back into your safe investments. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1293 Wise Money Tools
Leveraging Charitable Donations - Schools, Churches, and Charity Foundations
 
05:55
This strategy helps charities and individuals get more from charitable donations by adding a balloon payment that offer more volume...a win win scenario for individuals or the charities themselves. -- Hi I’m Dan Thompson – for 32 years I’ve helped people create very unique financial strategies not taught by traditional financial planners. I want to share one with you quickly. First off, if you’re watching this video, then you are likely one of those giving individuals who consistently help out your favorite school, church, or charity, by donating, which, by the way is very admirable. You landed in front of this because you may want to learn about giving a large sum of money to your charity, without giving a large sum of money... I know, sounds contradictory, right? What if I told you there is a way for you to keep on giving your current $3,000, $4,000 or $5,000 annual donation, but with a simple strategy, your school, church or charity could actually benefit as much as $75,000, $90,000, $100,000 or more? So, really quick, what we've found over the years of working with churches and schools and other charities is that their smaller donors, at times, don't feel inclined to give because they think their donation isn't big enough to help. First of all, it does help, all donations big or small are appreciated I assure you. What we’ve done is to show donors and charities how we’ve designed a way to leverage the annual donation that you are giving, and create a substantial balloon donation, a donation that's 10X, 15X, 20X what you were capable of giving annually. You may jump to the conclusion and think that this is going to be achieved through a risky investment, but what if we told you that that balloon donation was guaranteed? And what if that balloon donation could grow and give not just your charity the most tax efficient donation, but also give yourself a break on taxes too? Alright, let me cut to the chase. I’ll bet when you think of life insurance companies – you think it’s all about dying right? You probably aren’t aware of all the advantages that can be offered. Don’t feel alone, most people have no idea how to use the tax-advantaged laws that only insurance companies have. It’s not all about the death benefit. By simply using some of these tax-advantages, again only available with insurance companies, we can create donations that you may never have been capable of doing before. The best part is that Life insurance and annuities companies are the only businesses that are allowed to make guarantees. Some of these insurance companies have been doing this for over 165 years, they have it down to a science. Did you know that major banks – yes banks - invest billions of dollars with insurance companies every year. It's called Tier 1 assets on the bank’s books – the safest place for them to store their deposits. They call it BOLI – Bank Owned Life Insurance and it’s a line item asset on their financial statements. Think about this – you put money in a savings account or a CD at the bank and then they turn around a buy an insurance policy. We can show you how to cut out the middle man and go directly to the source. I'm sure some of you are thinking that if you do this, the charity won’t be able utilize your donation until you die, and who wants to die just to be a benefactor right? Are you aware that life insurance has an accumulation vehicle inside of it? It’s called cash value. In fact, it’s one of the tax-advantages that comes with a well-designed strategy. Again, it’s one of the reasons big banks use life insurance companies. You see, the insurance companies we like to use issue pay dividends annually. There are companies that haven't missed paying out a dividend in over 100 or even 150 years, even through the Great Depression and all the ups and downs of the economy. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 443 Wise Money Tools
Direct Vs Non Direct Recognition Life Insurance – Does It Matter? – Infinite Banking Simplified
 
07:05
Direct vs non-direct recognition life insurance, does it really matter? In this video Dan Thompson addresses dividend paying whole life insurance companies used for the Infinite Banking Concept and whether choosing a direct or a non direct life insurance company matters. We want to make Infinite Banking simplified in a way that makes it easy for you to understand exactly how the Infinite Banking system works and why it works well. When choosing a mutual life insurance company to use for this concept the question of direct vs nondirect recognition companies often comes up. However, this may not be the most important question to ask. In this video Dan brings up the real question you should be asking. After a look into direct vs non direct recognition Dan then goes on to talk more about the life insurance companies and what to be on the lookout for. There is unfortunately one type of life insurance policy that makes a much bigger difference. However, many companies use the idea of direct and non direct recognition as almost a diversion to keep you from seeing the real answers. Let's look at the Becoming Your Own Banker system and one of the most common questions asked. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1867 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL)  - Part 4
 
12:10
Part 4 of our "Truth About Indexed Universal Life Insurance" Series. Hi everyone, this is Dan Thompson In this video, we are continuing our discussion on Indexed Universal Life or IUL. I call this video my rant! I just need to vent! There are many unsuspecting consumers being convinced to buy into an IUL policy without being fully explained to what the inherent flaws or the IUL model are. There are those of you who may want to take the risk and that is certainty your prerogative, however many of those being sold aren’t being told the complete story and don’t understand the risks. Because there is a lot of complexity to an IUL, in the next part of this series, I want to arm you with 8 questions you should ask and understand before you decide to buy an IUL. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2601 Wise Money Tools
Are Annuities Confusing? - Understanding Annuities - Annuities Explained
 
18:08
Are Annuities Confusing? There is a lot of noise going on in the financial markets. The stock market is at an all time high and many who are retiring in the next 5 years or so are a bit gun shy thinking about another 2008. Couple that with these broker that hates annuities and this one that likes them, it can be confusing. Lets see if we can cut through the noise and see what annuities are all about. -------------------------------------------------------------- Before I forget, I’d love to hear from you. I get questions all the time from our listeners and viewers, but what I’d like you to do is send me a topic or two that you would like to hear more about on a future podcast. Go ahead and send your suggestions to [email protected] and in the subject line, put TOPIC. Okay, great….look forward to hearing form you. I know one topic I get asked a lot about is annuities. There is a lot of noise out there, both pro and con regarding annuities. I’ve always been of the mind that there is not such thing as the “perfect” investment. Every thing we can invest or save in has its pros and cons. What happens way too often is advisors just sell without regard to an investment being a good fit. I can tell you, if an annuity isn’t right for your situation, it will be a lousy investment for you. If it fits your situation, it can bring a lot of peace of mind to your finances. So first off, it has to fit. I’m the first one that tells a client if it’s not a good fit. There is no need trying to pound a square peg in a round hole, it’s just going to be a bad experience. ---- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 5457 Wise Money Tools
Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained
 
13:12
What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual. Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No. Let's look at a broker vs fiduciary in a little more depth. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3917 Wise Money Tools
Episode 51 - Should I Invest in my 401k - Best Ways to Invest Money 2018
 
13:51
Episode 51 - Should I Invest in my 401k - Best Ways to Invest Money 2018 -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 437 Wise Money Tools
The Truth About 401k Fees, Mutual Fund Fees, and Hidden Fees Explained - Part 1
 
08:53
Finding the truth about 401k fees, mutual fund fees, and hidden fees inside these vehicles can be nearly impossible. Unless you know where to look, most people can't answer the question of, how much are you paying in hidden fees? The problem is, understanding mutual fund fees and 401k fees can be nearly impossible. Let's look at some of the 401k hidden fees and do some digging into mutual fund fees and expenses explained in a way that makes sense. Until you can determine exactly what your fees are, it's hard to know exactly how much you are earning on your retirement savings, and if your 401k fees are too high to even make it worthwhile. --- Just about every day I talk to someone invested in mutual funds, a 401k, or with an advisor who is compensated by fees. I like to ask, what are you paying in fees? If I asked you that, what would be your answer? For the most part no one knows exactly what they pay in fees. Some have a ball park idea because their advisor told them he or she would be charging X percent to manage their money. But is that it? Mutual funds for instance have many hidden fees or costs. The fund’s management fee and these soft costs cannot be easily found nor are they openly disclosed. It has been reported that there are as many as 17 different fees and costs associated with a mutual fund. I’ve listed these fees and costs in detail in another video, so you might want to check it out. Many of you may have done some research on your mutual funds and saw a management fee that may show something like 1.5% or 2%. Thinking that’s it, you quit looking further. I get it, the other fees and costs are difficult to find. But the management fee may only be half costs. For the moment - Let’s assume that the mutual fund management fees were only 1% - Now what about your advisor? Or should I say, what about your “fiduciary?” This is the new title you are going to here more and more of. The title is supposed to tell you that as a fiduciary they are looking out for your best interests. Well, lets see how that works out as fiduciaries are supposed to charge fees. So let’s see how that works out for you. Have you heard the term “wrap fee?” That’s Wall Street Jargon for – wrapping a fee around a fee. If you are working with a fee based advisor or fiduciary – and they are buying mutual funds for you – then you are more than likely paying a wrap fee. Let’s suppose the fund charges 1% management fee, what the advisor does is wrap an additional fee for themselves around the mutual fund fees. Suppose that’s another 1%. How does that play out over time? Let’s do a little math here. Suppose we have 30 years to invest 100,000 and we get an 8% return (I know 8% is a stretch). On the outset, I realize this is a flawed calculation. Why? Because Wall Street does not go up in a perfect linear line, nor does the markets provide a consistent stable return each year. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1556 Wise Money Tools
Financial Mirages – Wall Street Lies – Losing Money in Stocks – Safe Money – Infinite Banking
 
05:29
Advisors and Wall Street have no control over the actual returns you get in your investments. However, Wall Street lies continue to perpetuate the idea that the financial oasis is just up ahead. Keeping you hoping and gripping on to the idea the wealth and prosperity from market investments isn't far away. However, many people end up losing money in the stock market and other investments, or in their 401ks and IRA's, while chasing after returns that they almost never catch up to. Stop losing money and start looking for a safe money investment that will give you exactly what you need, earnings and predictability in your retirement assets. The Infinite Banking concept offers many of these solutions. Although it isn't for everyone it certainly works well for those that it fits. On top of losing money many investors end up paying investment fees that make the losses even harder. Wall Streets game is money under management. Whether they actually earn money or not isn't up to them, it's up to almost pure luck. "Financial Mirages I remember as a young kid driving across the desert with my family. Maybe you have done this too. In the heat of the desert you can look out way into the distance and see what appears to be water. You could swear that in a just a few more miles you’ll be right on top of a big lake of water in the middle of road. This kept us all busy for a while waiting to hit the distant water, but it never happened. It was all a mirage. An illusion. It’s not there. I often think about how ordinary investors are constantly shown mirages. Wall Street and its minions - er, I mean– advisors - have a way of luring our money away from us with the illusion that there is a pot of gold or an oasis just down the road. I’m sure you’ve seen the statistics, the averages, the past performance, it all looks so intriguing. However, the longer you drive, the longer you search for that oasis or that pot of gold, the further the mirage seems to be…. In the end you realize it’s all an illusion. What are some of the mirages that Wall Street puts in front of you? The most glaring is performance. You’ll hear averages thrown about as if everyone gets them! But averages lie – it’s the actual returns that matter. Did you know that the “average” return for the S&P 500 index over the last 20 years is 9.85%? Sounds pretty nice and certainly tempting right? However, it’s a mirage, rarely to ordinary investors get the return of the index. By the time their advisors move money around, charge their fees, and you pay taxes, you aren’t even close. In fact according to Dalbar in the same 20 years, the return for investors, is closer to 2.47% if they used asset allocation funds – oh and this is before fees and taxes. A far cry from 9.85% isn’t it? Yet the illusion or the mirage makes us think that all you have to do is buy some mutual funds, leave your money alone, let the pros take care of it, and you’ll get to the oasis. Well folks, there is no oasis just ahead it’s a mirage. There is no pot of gold for those chasing rate of return. And Wall Street advisors have not control over the outcome. Their objective is simply to manage money. It goes up, it goes down, it goes sideways, Doesn’t matter, the name of the game is money under management and charge you fees. How’s that working for you? Did you know that Warren Buffet has a 1 million dollar bet with Protégé Partners? The bet is that Protégé can’t find 5 money managers or hedge funds that beat the S&P 500 over 10 years. They are about 7 years into it now. Last I looked these handpicked, best of the best, money managers were down 34% to the S&P 500 index. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 333 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 10
 
10:36
The final video, part 10, of our "Truth About Indexed Universal Life Insurance" series. ... Caps are a big deal in an IUL. They throw out these double-digit returns as if they have any meaning at all. I mean for most of us, if we were told we could get as much as 12 or 14% per year, we’d be happy – right? However, in an IUL not only is the potential of 12 or 14% not enough, but also, it is likely not close to the return we really need to keep the policy going – long term. This a very, very important point here, and I don’t want to breeze over it without giving you a thorough understanding. We’ve discussed in an IUL the insurance company does not invest directly into the stock market. They buy call options (mostly) on the index. So where do they get the money for the options on the index? They can’t take investment capital and put it at that kind of risk. Insurance companies for the most part are required to invest in high quality bonds, real estate, and mortgages. They do some other things too, but the emphasis is they have to be safe and use high quality investments for their portfolio. However, what the company can put at risk is the interest they earn on their portfolio. In other words, if you choose you can put your cash value into a fixed account. The insurance company then would pay that fixed amount to you every year out of the investments it makes. Let’s say they can pay you 3% each year as a fixed account choice. OR – they can take that 3% and go buy options on the stock index. This way they can participate with the market on the upside, but if the market has no return or has losses, the insurance company just lost the 3% - or the interest – while the principal was still safely invested. Now here’s where you have to understand a bit of economics and market cycles. When interest rates are low, like they are now, – say at this 3% level – What happens is that investors around the country look at these low rates in bonds and they decide that they would rather take their chance in the stock market for higher returns, rather than accept the low bond yields. In a real sense, as bond yields are lowered, the stock market is propped up and even driven up because more money is chasing higher returns. Okay, that makes sense, right? A simple phrase to remember is: When bond yields are low – stocks will grow. It’s certainly not a guarantee – the market has a way of keeping you off balance, but you understand the theory and it proves out through the different economic cycles more often than not. So now I want you to think of the opposite scenario. What if bond yields begin to rise, say to 5-6-7%? Well suddenly the market is not worth the risk because if investors can get 7% without risk, why take on the chance of heavy losses by being too greedy? This is turn tends to pull money out of the stock market and subsequently it hurts the market. The chain reaction is that prices deteriorate and fall or at best there is very little growth as money is leaving the market in favor of bonds and safety. The simple phrase for the opposite reaction is: When bond yields are high – stocks will die. Again, not always – the 80’s had both high interest rates and a decent stock market. But that seems to be an anomaly looking back in history. Now that you understand this phenomenon, you’ll see the real battle IUL’s face. By the way, it is not an instantaneous change as bond yields rise and fall, but over time this is a typical economic cycle. Okay, so here we have an insurance company that is going to use bond yields to purchase call options on the index. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1064 Wise Money Tools
Should I Buy Whole Life Insurance?  - Whole Life Vs Term - Is Whole Life Insurance Bad or Good?
 
10:09
Should I buy whole life insurance or term insurance? Well that's an odd question. Why? Because when it comes to whole life vs term insurance there really isn't one standard answer. In many cases term insurance is necessary to cover yourself while you are young and while it is cheap. However, does that make whole life insurance bad? Not at all. By planning things out correctly we can have whole life insurance that is properly setup to pay for itself in our older retirement years. This way we have the cheap coverage when we need it and still guarantee our heirs money when we die. You will have a claim, the question is merely when. In this video we go over whole life insurance explained next to term insurance and why owning your whole life policy, in the long run, is a much better option than only buying term insurance. By utilizing a high cash value whole life insurance policy we can take it another step further and ensure ourselves a whole life policy with cash value that can grow and still provide us with the insurance we can use when we die. Whole life insurance retirement income can be great for any family. The living benefits life insurance can offer are very helpful and make the growth and tax benefits of whole life insurance even better. Let's look at why whole life insurance is such a great asset, and why the wealthy continue to buy more and more as they make more money, not less. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 35969 Wise Money Tools
Does Setting Financial Goals Work? - Finding a Financial Advisor - Safe Money Vs Risk - Dan Thompson
 
08:39
Does setting financial goals really work? I can tell you right now what all your financial goals are. So when finding a financial advisor why do they always ask the same question? Most financial advisors are going to ask you about your goals and then disregard them in many ways. The reason? When it comes to your goals, most people are going to say save more money, make more money in interest, etc. But does your financial advisor have any control over the market? Not at all. Take a look at the safe money vs risk money that you invest. Do your goals make your money grow any faster? It's time to take control over your own destiny, so to speak. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 377 Wise Money Tools
The Truth About 401k Fees, Mutual Fund Fees, and Hidden Fees Explained - Part 2
 
08:55
Part 2 of our The Truth About 401k Fees, Mutual Fund Fees, and Hidden Fees Explained. ---- In part 1 we talked about fees stealing away as much as 70% of your total account value in retirement plans at 3.5%-4%. Even 1% in fees can cost you as much as 26% of your total return. At 2% you are looking at over 45% of your account value getting eaten up by fees. You see, 1% or 2% doesn't sound that bad, but now you know it’s huge! Now let me tell you what’s going on with Wall Street and Financial planners right now. There is a big push for all advisors to become a Fiduciary. You might want to watch my video “Fiduciary verses broker” for further information. Fiduciary is a big word which means they are supposed to put your interests in front of theirs. A fiduciary is supposed to look out for you. Now look, all advisors, fiduciary or not, should put you first, I agree completely with that – I think all advisors should be trying to do the right thing for their clients. We should all be a fiduciary by nature and it should be paramount and even natural in every advisor’s mind to do the right thing– sadly it’s not, and I get that. However, you can’t legislate advisors who do the right thing. Nor can you legislate brains and common sense either into advisors either. In other words, just by becoming a fiduciary doesn’t mean you suddenly are a financial genius. A fiduciary still may have no clue what they are doing and my not be steering you in the right direction. But the litmus test isn’t if they are competent, only that they did their best. There are still a vast number of different opinions and philosophies on how to manage money. No two advisors are alike. There are different specialties and expertise one can have. No fiduciary can possibly know everything so how will any fiduciary ever be able to do what’s in your best interest unless they know everything about everything. It’s like legislating that someone should fly, but no matter what the law says, that man isn’t going to fly. But there seems to be more to this fiduciary rule than meets the eye. I try to stay away from conspiracy theories, but it’s hard to not see the conspiracy for what it really is, this fiduciary business is going to be a financial windfall and gangbusters for Wall Street and its advisors. Why? Because a fiduciary is supposed to be compensated by fees. The new rules essentially want all advisors to be compensated by charging you fees. Even fixed and indexed annuities, which require no management as they are already safe and guaranteed and don’t have market risk, yet advisors are supposed to charge you for advice by way of fees rather than earing a commission. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 832 Wise Money Tools
Does it make financial sense to pay off your mortgage?
 
03:27
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 171 Wise Money Tools
Are You Doing These 10 Financial Things?
 
14:54
Are you doing these 10 things to improve your financial situation? They aren’t hard, but they are critical. Tune in and see how many you are doing, and the ones that might need some improvement. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 203 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 5
 
11:22
Part 5 of our "Truth About Indexed Universal Life (IUL)" series. --- In the last video, we talked about many of the flaws of the IUL. As promised, in this video I’m going to arm you with the 8 questions you need to ask and know the answers to. You should be educated and understand all the risks that you take when considering buying an IUL. You know, just this month I ran into an older couple who had three UL polices all lapse because they could no longer afford the premium. Three policies – all the premium they paid in over the many years is all in the insurance company’s hands. Lost wealth, lost death benefit, lost protection. They made the mistake of living too long. It’s truly sad the amount of wealth that has been lost by the UL market. These same IUL guys tell you all about the wonderful, fluffy, benefits, but forget to tell you how it could implode down the road if you happen to live too long. The attorney general has mandated some changes in the IUL presentation. The software illustrations have been reigned in to show much worse results then they used to project. The AG found that many illustrations were deceptive and used unrealistic returns. We're going to talk about those changes in the next video. But my question is, now that the illustrations have been proven to be deceptive and unrealistic and Attorney General had to put the kibosh on the returns they were illustrating…. what about all those people who’ve been buying IUL’s for the last 5, 10 or 15 years? They have no idea they were lured with unrealistic expectations and the returns were fictitious at best. Some are finding out each year that their premiums have gone up – something they didn’t think could happen. These same people are the ones who call me for help. Many of them did not have even one year go according to the illustration they were shown and now they are upside down. It’s sad! I want to believe that the agents just don’t know or understand, but I’m getting to the point where I think they don’t care or put the blinders on because they don’t want to know they just want a sell. Let me reiterate a concise list of IUL risk: You take all the risk of the market performing. You take all the risk of the cost of insurance escalating each year. You take all the risk of living too long. You take all the risk if you decide not to pay premiums. You take all the risk if you want to adjust your premiums. You take all the risk if you take income You take all the risk….period. The insurance company has one risk – if you die young – which by the way they are really good at mortality projections. They know the odds. You have a really good chance of being priced out of your policy and outliving your ability to pay. So, with that, I want arm you with 8 questions you should ask, and know the answers to. These are the critical issues. I guess the agent could outright fib to you, but hopefully when asked point blank they won’t. Oh, and don’t be surprised if they don’t know the answers – there are a lot of agents who are clueless and maybe the agent just bought a lead from these marketing houses. Okay, so here we go. 1. Is the cost of insurance capped and if so what is the cap? The answer is, IUL insurance really has no cap. Some have a maximum cost of insurance, but that too can go up with age. In other words, it’s a maximum cost, but for each age group. The older you get the more expensive it gets. And your cash value could be long gone, eaten up, and you still have premiums to pay. Just because there may, in some cases, be a maximum cost, does not mean you will have cash value or even the ability to pay them. If you end up on a fixed income during retirement, there is a good chance the premiums will not be affordable. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 2318 Wise Money Tools
Retirement Income Planning Has Changed – Income for Life – Retirement Planning Advice
 
09:38
Retirement income planning is the most important piece for any financial plan. However, many financial planners do not understand the difference between the accumulation phase of retirement planning and the income phase of retirement planning. The reason? You guessed it. They are more concerned with assets under management. What we really need is a paycheck forever, an income for life, something we can't outlive. However, financial advisors do not understand this key concept. We have already talked about the 401k and the often misunderstood concept of "how much money in my 401k is really mine?" Add to that the low withdrawal percentage for the bulletproof withdrawal rate for retirement and we are in deep water. It's time to get an income plan that works. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 5892 Wise Money Tools
Safe Investing - Whole Life Insurance as an Investment - Part 1
 
06:53
Why use whole life insurance as an investment? In our Whole Life Insurance series we will look at whole life insurance explained, as an investment tool, and why so many individuals, from the average worker saving for retirement to the wealthy running multi-million dollar corporations, are using whole life insurance as an investment tool. What makes this work so well? Whole life insurance cash value grows inside a policy with some major benefits. Competitive growth, no-loss provisions, and tax-advantages that you won't find anywhere else. It's not rocket science, and it's by no means perfect, but compared to risky investments, and other safe investment tools, whole life insurance makes one of the best investment options today. --- In this short 2 part series, I’m going to give you some thoughts and reasons why so many people use whole life as a strong foundational asset. For this video, we’re not going to talk about that in depth about the death benefit, we’ll save that for another time. Suffice it to say of the most incredible benefits, there is no better asset in the world to die with than life insurance. If designed right, it will pay out much more than you put in. The death benefit will go directly to your beneficiary, without probate, and will be income tax free. That is reason enough for many and to assure your family is protected and to pass assets to your heirs But there is so much more. You know, coming from the Wall Street side of things where I worked more with investments for 15 years, I learned for Wall Street, it’s all about putting money at risk, chasing rate of return, and often losing, and then charging fees, fees, fees. I see over the years how the game is rigged against the ordinary investor. Let me tell you one truth- Those on Wall Street are no smarter than you. The only difference they have is they have a license to sell securities. Here’s the thing though, you don’t have to have a license to be an intelligent investor. A license or a title does not make advisors investment geniuses and for the most part they have no clue either. They guess, hope, and cross their fingers too. Most advisors and their clients are not investors, they are gamblers. There is a difference - I talk about that important difference in another video – are you an investor or a gambler? There are a few tale, tale signs if your broker or advisor is an out of the box thinker or just another in the sea of advisors where you can’t tell one from the other. One tale, tale sign is if the answer they come up for your financial woes is to buy mutual funds? -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3851 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 8
 
07:52
Part 8 of our "The Truth About Indexed Universal Life Insurance (IUL)" series. --- Welcome to part 8 of our discussion on the IUL and the risk associated with buying one. I’ve mentioned marketing groups pushing IUL’s several times now. When you hear the ads on the radio about how Wall Street is ripping you off, but they have the “secret” to avoiding the rigged game….. Then you’ve likely found one of biggest perpetrators of misleading IUL sales. They give you a free book and the proceed to tell you all these wonderful secrets of the wealthy. They want you to believe the wealthy buy IULs and that's how they got wealthy. It’s simply not true – and for me it’s very frustrating that there are those who openly peddle false and misleading statements. Last time I saw a surge like this is a product, it was the 90’s and it was called the VUL. As you already know, VUL didn’t turn out to be the miracle cure it was supposed to be, and people lost fortunes. Seems right now every agent is jumping on the bandwagon to sell as much IUL as they can before the curtain opens up and we see what it really is. You know back in the dot com boom of the 90’s, seems everyone was an expert stock picker. Day Trading was all the rage, people were buying and selling stocks like crazy. Day trading shops were opening seems on every corner downtown. Huge leverage was extended to traders. Then the bust. All the day-trading shops dried up. We’ve seen it twice in the UL market now. Both UL and VUL have turned out to be disasters, yet the IUL is the new shiny object that all the advisors want to sell. One way they sell it is to tell you about all the wealthy people who buy it. The radio add tells you that Walt Disney, Ray Kroc, JC Penny and other wealthy successful men used these “secrets” to build their wealth. I can’t tell you how misleading this is? And by the way if they are willing to mislead you on this simple fact, what else are they willing to mislead you on? So here are the facts – IUL came into existence in 1997. The first one was issued by Transamerica. Oh, and as a side note – try to find someone who owns one of those first policies. That’s like finding a unicorn or Tinkerbell. Most have lapsed and are long gone. Anyway, so the first IUL is issued in 1997. These guys on the radio ad tell you that Walt Disney, Ray Kroc, and JC Penny used this little-known secret to build their wealth. The secret of course turns out to be an IUL. So let’s see how that happened. Walt Disney died in Dec 1966 – so how did he own an IUL policy that didn’t come out until 1997? He died about 31 years before the first IUL. Hmmmm – are they misleading you? So let’s look at Ray Kroc – by the way Ray Kroc is famous for building McDonalds just in case you don’t recognize the name. Ray Kroc is supposed to have used an IUL too, but uh oh, Ray Kroc died January of 1984. Only 13 years before the first IUL hit the streets. Then there is JC Penny who too was supposed to use IUL to build his wealth. JC Penny was old. In fact, he was 95 when he died. He died in 1975. If you lived to be 95 with an IUL, even JC Penny wouldn’t be able to afford the premiums. Before he died his premiums would have been in the stratosphere. Anyway, he died 22 years before the first IUL was issued, so I don’t think he had one either. What else are they telling you that just isn’t true? -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1177 Wise Money Tools
More Winning Financial Tips for Investing and Retirement - Financial Life Hacks
 
17:42
Part 2 of my tips for investing! -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 187 Wise Money Tools
Staying Out Of Debt!
 
10:43
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 208 Wise Money Tools
A Monkey Beating the Stock Market - Can You Beat the Market?
 
11:03
Studies for years have shown monkeys beating the stock market year and year over. So, can you beat the market? The reality is, there are so many variables that make it so easy to lose. This is why so many people fail to beat the stock market. The reality is, the market is often a very risky place to put your money, and ways mutual funds try to beat the market end up hurting them in the end. --- In 1973 a Princeton professor said that a blindfolded monkey, throwing darts at newspaper of stock quotes, could do just as well as the experts. The problem is, the professor was wrong. The monkey did better than the experts who were carefully selecting their portfolios. Oh, and as an added benefit, the monkey beat the market too. Let me further quote the article: They repeated this process every year, from 1964 to 2010, and tracked the results. The process replicated 100 monkeys throwing darts at the stock pages each year. Amazingly, on average, 98 of the 100 monkey portfolios beat the pros each year. That’s a pretty good track record, isn’t it? Now let me pull the curtain back here just a bit on how to do just as well as the monkeys. You don’t need to go buy a monkey and you don’t need the monkey to throw darts to pick your portfolio either. It’s actually simpler than that - and you won’t have the monkey to clean up after either. There are very few expert money managers who are financial planners or advisors. Chances are if you have or ever meet with a financial planner, the monkey will do better. You first have to understand, what do most financial planners do? They take your money and they pick a few mutual funds to invest in. For that expertise, you get to pay fees forever. Fees that are retirement killers. What I want to tell you today, is that if a monkey can do it, you certainly can too. I don’t mean you need to throw darts to pick your portfolio, although that would likely be as good as paying an advisor, I’m simply telling you, that you are just as well equipped to manage your money as most advisors. Picking mutual funds is not rocket science, takes no skill, and it completely unpredictable. Since most advisors and money managers rarely, if ever, beat the market – certainly not consistently – Then why pay them to do what they can’t do anyway? Now before we go on further, I want to make sure you understand that mutual funds and throwing darts also requires you to take risk. If you’d like to take risk off the table, well there are better strategies than the one we’ll talk about in a moment. As I’ve been teaching now for a few decades, you don’t have to take risk, you can create and grow your wealth without taking the risk typically associated with Wall Street and financial advisors. So, here’s what you can do to beat your advisor, and do it yourself, and its exactly what Warren Buffet has instructed his family to do when he dies – He says, to simply buy and low-cost Index Fund. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 545 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL)  - Part 2
 
12:01
In part 2 of our series on indexed universal life insurance pros and cons let's look at how an IUL compares to term insurance and whole life insurance, especially as an investment tool. When it comes to understanding Indexed Universal Life Insurance as a tool for investing, we learn pretty quickly how detrimental it can be in the long run. Hi, this is Dan Thompson – This is part 2 of our series on Indexed Universal Life or IUL. Let’s first do a quick overview. You need to be an informed consumer. The more you know the better decisions you’ll make. In this video, we are going to talk about the different types of life insurance policies. I think it’s safe to say that everyone will have to deal with life insurance at some point in their lives. It’s not only the responsible thing to do to protect and assure your family’s financial well-being. But if you understand it, have it engineered properly, it can be a wealth building asset as well. So, you ready to dig in? Here we go! As you know there are many different car models, right? Trucks are different from sedans, and sedans are different from sports cars and so on. The model is what will determine the look, the feel, the bells and whistles, the ride, and the performance of the car. Life insurance is also built on different models. Each model has a different objective and you want to buy the right model that suits your specific needs. If you buy a sports car to haul furniture, well you may not have purchased the right model. Same with insurance - each model has a purpose and you want to get the right one. There are essentially 3 different insurance models. You have: Term, Whole Life, and Universal Life In this video, we are going to talk about the first two Term and Whole Life. Let’s briefly touch on each one so you can get a handle on the differences. It’s critical that you see how the model or the policy is made. First term insurance: Term is just what it says it is, it’s made for a term. 1 year, 10 year, 20 years and so on. Term is the least expensive insurance – while young anyway – and could be the costliest insurance the older you get. The reason is because it’s built on an age model. The older you get, the more expensive it is. Term insurance began way back when - actually there were similarities of it back in the 1600’s. When it became more common in modern times, at first all you could buy was as an annual renewable policy. Each year, based on your age, your premium would increase. You could automatically renew each year, but each year it was more expensive. You would keep it as long as you wanted to or as long as you could afford to. Once you stopped paying premium, that’s it, it’s over, it was gone, nothing to show for it. You would no longer have a death benefit, and the insurance company kept all your premiums. Fast forward years later and now you can buy term insurance with longer coverage periods. Now days you can buy term policies for 5, 10 or 20 years and the premium would remain constant thought those periods of time. Of course, the premiums would be higher, the longer you stretched the term of coverage. The insurance company would price it based on the length of time you selected. For instance, with a 10-year policy, the actuaries, which are the bean counters at all insurance companies, simply calculated your age for each of the next 10 years and applied a premium for each year. Then they added them all up, and divided by 10 to get your annual costs. The premiums were essentially averaged out. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3721 Wise Money Tools
Should I Use Fee Based Financial Planning? – Are They Really Unbiased? – Retirement Planning
 
31:08
Is fee based financial planning really an unbiased way to find solid retirement planning advice? We look deeper into the world of fee based planners and why Wall Street pushes so hard for you to use a fee based planner. It's important to understand that if you are going to be leaving your life in the hands of a financial planner what kind of advice are they going to be giving you? Are they biased? Are they pushing you in the right direction because they are an expert or are they doing it for the commissions? Here we cover why fee based planners work the way they do. "There has been a lot of talk surrounding Fee Based Financial Advisors. The question is simply is it better to pay a fee for you advice and an ongoing management fee for managing your money. That’s is a loaded question. Let me say this from the outset. I’m not recommending you change or do anything differently. I am NOT a fee-based advisor. Also, please, in our discussion here don’t take any of this as a recommendation to buy/sell any of your securities or mutual funds. My objective here is for you to see the forest for the trees. There is a lot of noise out there and I want to tune your hearing just a little bit. There is a huge push by Wall Street to make everything you do fee based. There are new laws being pushed through as we speak that want to make fee based planning mandatory. Look, there is only one reason for this. It’s a huge moneymaker and Wall Street keeps your money under its control and builds in an income stream for the advisors! Now, another disclaimer. You may have found the needle in the haystack, the Holy Grail, the one in a million advisor who actually does well for you. The reason I say that is just because someone charges you a fee doesn’t mean he or she knows any more than the other guy and may not even know as much as you. Most of Wall Street is speculation and guessing anyway. They simply have a license to charge fees, that’s it….end of story. So lets get right down to the nitty-gritty here. There really are only two reasons to pay a fee-based advisor. 1. They outperform the market. When I say market I’m talking about an INDEX. You may want to know what index your advisor is broadly compared with. Is he/she being compared to the S&P 500, which is the most common for stock funds or another index? Let’s get back to this in a second. 2. The second reason you may want to pay them is that they lose less money or hopefully no money when the markets turn down or crash. They somehow have a way to take your money out of harms way when markets tank. Okay, we’ve got to really understand this for it to make sense. Most money managers are compared to the S&P 500 Index. It’s the broadest index encompassing 500 stock companies. It’s the index that most stock mutual funds and money managers are compared to as well. In reality it’s hard for active fund management to beat the index. In fact, in an article I found written back in March of 2015 in the Washington Post – titled: Do any mutual funds ever beat the market? Hardly. – Let me quote it. A study by S&P Dow Jones Indices looked at 2,862 actively managed, domestic stock mutual funds and pulled out the ones that were top performers in the 12 months starting March 2009, when the market bottomed out and the bull market began. ….so from 2009…. It then looked at which of those funds stayed in the top 25 percent for four years, through March 2014. Just two funds managed to hold on to their berths in the top quarter every year for five years running. And for the 2,862 funds as a whole, that record is even a little worse than you would have expected from random chance alone. ... -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1811 Wise Money Tools
The Truth About Indexed Universal Life Insurance (IUL) - Part 9
 
09:36
Part 9 of our "Truth About Indexed Universal Life Insurance (IUL)" series. --- I keep going back to these guys who’s add is on the radio because they do so many things that are just not fair to the public. The lure is to get you to call, then they want to set you up with one of their trained advisors. They are trained alright. Trained to disclose as little as they can and sell you as fast as they can. They are taught to empathize with you and to make it appear as though they had the same IUL concerns you have, that is, before the “optimizer.” They will tell you how they too were worried about the cost of insurance. They tell you how costs could skyrocket and how many policies have lapsed because of that ever-increasing cost of insurance. They even will tell you that the commissions are huge with IUL’s. You think wow, these guys are giving me the skinny, I guess I can trust them. Then they tell you they have the answer to the ever-increasing cost of insurance solved. It’s a miracle. In fact, they say, I couldn’t sell an IUL in good conscience knowing my clients could lose everything due to the rising cost of insurance and could actually be priced out of their policy. It’s a tragedy they say…... even though before this “miracle” arrived, they were still selling IUL’s. How’s that for irritating? They tell you IUL’s have ever increasing, uncapped cost of insurance that will likely price you out of your policy before you die. Price you out is a way of saying your cash value is gone, your premiums are so high you can no longer afford them. When you don’t keep up with the premium, the policy will lapse, and you lose everything you put into it. It is a tragedy….and of course they say they agree. But then they come back with this wonderful answer. They have a fancy name for it, it’s called the “death benefit optimizer. You think wow, that is a cool name. I’m not sure how they have the nerve to call it the “death benefit Optimizer” Optimizer – really? – this is the devastator. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 1091 Wise Money Tools
Is My Retirement Plan Saving Me Money in Taxes? - Is Deferring Tax a Good Idea?
 
20:01
Do I save money by deferring tax in a retirement plan? -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 190 Wise Money Tools
We Finance Everything! - Paying Cash is Still Financing - Saving Money
 
11:16
Did you know that paying cash does not necessarily save you money, in fact it may cost you more in the long run? In this episode we’re going to talk about the major purchases we all make and how to use those purchases to your advantage. ----- Well hi everyone and welcome to another wealthy and wise Wednesday. Hope you're doing great? Got a little background music going for you here. Maybe that will trigger a lot of memories for some of you with a little gray like I do and for others I just want you to know that the greatest music ever in the history of America was pretty much the seventies. So check it out. Anyway, I love those that era. Well today we're going to talk about financing and this is going to be a concept that you may have heard of. For the most part most people haven’t and this is an undiscussed concept especially by many financial advisors and even some of the real famous ones that are on the radio. They just don't talk about this and here's the concept, we finance everything we buy even when we pay cash. OK Now there are some things that we pay cash for every month and that's perfectly fine, that's the little stuff, the food, the gas, the clothes, things like that that we have to have, we're going to pay for cash for those things and unfortunately it just costs money to live and it costs money to have a roof over your head and that's why we work. But when it comes to saving and major purchases this is what I mean by we finance everything even when we pay cash. So let's use some of the reasoning here so first let's define a major purchase. A major purchase would be something that I could not pay for with the discretionary income that I have at the end of the month. So I make X number of dollars and I spin for gas and groceries and all that good stuff and utilities and at the end of the month I've got this much more the left over. Well, if what I need to purchase is more than what I have left over we'll consider that a major purchase. Might be oh a washer or a dryer where I have to say for a few months to build up enough capital to make that purchase. It might be a car, a vacation, you want to remodel your house or remodel just the kitchen. You get the idea. Any major expense we have to determine am I going to save and pay cash for this or am I going to finance it. So to make this simple list just use a car. And I don't have enough money at the end of the month to buy that car so now I got to come to the conclusion my going to save my money up and pay cash or am I going to use financing? And my argument of what I want to show you today is that you if you actually finance it either way even when you pay cash. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 361 Wise Money Tools
Passive Income is Retirement Income!
 
15:25
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 Strategy Session - Time Trade: I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 272 Wise Money Tools
Renting Vs Owning Your Insurance Policy - Term Vs Whole Life Insurance (as an Investment)
 
08:20
Renting vs Owning your life insurance policy is the best way to describe the term vs whole life insurance debate. Many people are not aware that they can own their whole life insurance policy death benefits in every way that you can own a house. You can draw money from it and you can get to the point where you never have to make a premium payment ever again. In this way whole life insurance offers us the opportunity to own our life insurance policy. This is significant when it comes to retirement, retirement income, and passing money on to our heirs and family at death. On top of this, using a properly structured Infinite Banking policy where we utilize whole life insurance as an investment puts us in a position to have substantial growth on the money inside of our policy on top of all the other advantages. So, is whole life insurance bad? Many people on the radio will tell you that it is. However, when we really look at whole life insurance explained in the right light we can get a better sense of how powerful whole life insurance can be for ourselves, our family, and also why so many wealthy individuals end up buying more life insurance as they get older and not less. In the end, a proper plan and a properly structured high cash value life insurance policy can mean one of the safest and most predictable retirements available. Owning your whole life policy Have you ever thought what it would be like to never own your home? I think most try to live the American Dream of owing a home someday. The main reason is that as you pay into your mortgage there is a hope that you are building equity. At some point you may decide to sell you home and then you get those payments back – or at least a good portion of them. If you rent your entire life, there is no hope to ever recover those rent payments. The day you quit paying rent and move out of the house, all that money is gone, with nothing to show for it but some memories. When it comes to insurance, term, universal life, indexed universal life, and variable universal life have the same characteristic that renting does. You see with all of those policies you are only renting the death benefit– because they all use term insurance. Now let me say at the outset. I think term insurance is vital for most families. It is inexpensive while you are young and if something were to happen to the major breadwinner, term can provide a death benefit for the family and create an instant estate. Insurance instantly provides what has been lost due to a death by the one providing for the family. Having insurance and an adequate amount is extremely important and we will address this in other videos. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 3356 Wise Money Tools
Learn the Value of Compound Interest Investments - Compound Interest Explained - Investing
 
14:15
If a magic Genie appeared to you and gave you a choice. You can have $100,000 right now, or a penny doubling every day for 30 days, what would you do? Learn about the magic of compounding your money. --- If a magic Genie appeared to you and gave you a choice. You can have $100,000 right now, or a penny doubling every day for 30 days, what would you do? Learn about the magic of compounding your money. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 420 Wise Money Tools
Retirement Plan Distributions - What you must know!
 
14:09
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 214 Wise Money Tools
Diversification - Is It useful? Not According To Warren Buffet
 
16:22
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 146 Wise Money Tools
3 Minutes to Money Mastery - Annuities and How They Work!
 
04:11
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 152 Wise Money Tools
1% Rule: Protect 99 Percent of Your Business or Family with Only 1 Percent
 
05:03
1 percent of your money can do a lot of great things. Protecting 99 percent your business, your equity, or even your family only costs about 1 percent of your money. But this can offer massive benefits. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 366 Wise Money Tools
Does Average Return Equal Actual Return? Are you being deceived by Wall Street?
 
03:21
-------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 101 Wise Money Tools
Financial Mistakes We Regret - Biggest Financial Mistakes - Making Good Financial Decisions
 
15:55
Everyone makes some kind of financial mistake. The trick is to not beat yourself up, but to not repeat them. ---- Hi everyone! And welcome to our Wealthy and Wise Wednesday podcast and video. Today, I brought Justin Walker. 00:00:39 Justin: Hi guys! 00:00:40 Dan: And Jeremiah Vickery. 00:00:41 Jeremiah: Hi everyone! 00:00:42 Dan: On the podcast and video today, these guys head up the financial planning arm of our team and they do awesome job. But it is fun to talk about the old times and mistakes that we’ve made so I thought this will be a good opportunity to get a sense that not everybody goes through life making the right financial decisions even quote and quote… 00:01:14 Justin: Including us. 00:01:15 Dan: Yeah. 00:01:16 Justin: Including us. 00:01:17 Dan: Financial advisors. So we're going to talk about some of the mistakes that we’ve made and I'm going to let Justin start it off. Tell us a little bit about maybe some of the financial mistakes that you’ve made early on in life. 00:01:30 Justin: Well, I remember when I got into this business, I literally had like fifteen hundred bucks to my name and I had some people tell me, you're young, take advantage of these opportunities and if you fail, it's okay. There were several times where I was living on credit cards, just trying to make ends meet just so that we could pay for school, clothes or food or whatever for our young family. There was a time that I looked at my wife and I said, “We have like $70,000 of credit card debt.” 00:02:08 Dan: 70? 00:02:09 Justin: Yeah. 00:02:10 Dan: 70,000. 00:02:11 Justin: Yes. 70. I either got to make it in this business or we're going to have to go find something else and it was really stressful at that time, but my wife said, “Just buckle down and go to it.” That was wise counsel because instead of worrying about it and almost letting it debilitate me I was able to focus on it and work on that debt and get it paid off within a shorter time frame. 00:02:39 Dan: So moral of the story. Don't live off credit card debt. 00:02:42 Justin: Don't live off credit card debt. I actually made a living, I didn't really make a living on it but I moved credit card from one credit card to the next, keeping zero percent on those credit cards for a year or two. 00:02:54 Dan: As often as you could. 00:02:55 Justin: Yeah, until I was able to pay them off. 00:02:56 Dan: Ugh! 00:02:57 Justin: Yeah, not a fun time. -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 32 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 305 Wise Money Tools
Investor Behavior and Market Returns – Smart Investing – Investment Risk and Return – Safe Money
 
06:48
Investor behavior and the psychology behind it is quite interesting. Dalbar has done studies on these types of behaviors and found that investors do not actually achieve, or even get close to, the average returns of the stock market index, the S&P 500. Because of the way we invest, constantly buying and selling stocks based on our supposed logic and emotion, many investors fall short of any real market gains. This means that market investing and the numbers Wall Street uses to lure us in are almost all completely false. Investors do not get the returns of the market. By using safe money investments such as high cash value life insurance we can get out of the markets and find safe ways to grow our retirement income without risk. In fact, in most cases these investments will beat what the average investor will achieve in the markets, especially after taxes and fees. Adding this to the many benefits that life insurance, structured properly, offer us, we find a much more secure and stable way to grow our money. Whether you call it Infinite Banking, Becoming your Own Banker, or some other name, the principles are the same, as long as it is found within a whole life insurance policy. "Investor Behavior We all read the news and hear about these lofty returns in the market. Like, the S&P over the last 10 years has average X and over the past 5 years it’s been this. What’s interesting is when the ordinary investors hear these returns, what goes through their head? I describe ordinary or the average investor as those who put money into their 401k each year or into other investments such as mutual funds They take advice from brokers who have them “dollar cost average” or buy and hold for the long haul. Words like asset allocation and diversification are used to make the investor feel all warm and fuzzy. Many of these average investors think they are beating the market or at least getting returns similar to the market. This is coupled by the fact that radio talk show hosts contently tell you that you will get double digit returns in mutual funds. The “market” as I define it, is the S&P 500 index. It’s a broad range index comprising of 500 of the largest stock companies. Most equity mutual funds are compared to the benchmark of the S&P 500 index to compare how they are doing in the market. Well the results are in for 2015. Dalbar is an analytical analysis company that tracks and monitors investor behavior. In the end here is what they have to say about the ordinary investor. Over the past 20 years if you could get the S&P 500 without any fees, it has averaged about 9.85%. But here is the fallacy, most advisors, mutual fund mangers, and hedge funds do not beat the S&P 500. So the chances that you’ll find a broker or money manager who beats the index after fees is difficult at best. Certainly for the long haul anyway. So how did investor behavior fare over the last 20 years? The investor who used allocation funds did 2.47% over the last 20 years. 1.76% over the last 30 years. Keep in mind this is before fees and taxes….brutal isn’t it? Makes you wonder why you take the risk at all. This seems to be consistent with many ordinary investors that I talk with across the country I recently talked with a guy who has had his 401k for 20 years. After he crunched the numbers he came up with just over 2% return. Boy was he discouraged. So the moral of the story? You can’t listen to what Wall Street reports Or what you hear on the news. Investor Behavior is hard to overcome. Fear of losses and reaching for gains keep investors guessing – and more often than not – on the wrong side of market movements. If you see that the market is up X%, that doesn't mean you are just because you have your money invested in the market." -------------------------------------------------------------- Please Subscribe! https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1 Visit me on the web- http://WiseMoneyTools.com/ Follow me! FB - https://www.facebook.com/wisemoneytools Twitter - https://twitter.com/wisemoneytools Google+ - https://plus.google.com/114367619155241197052 I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few. I post videos regularly so if you have any questions of comments feel free to email them to... dan at wisemoneytools dot com
Views: 517 Wise Money Tools

Euraupair newsletter formats
Investment banking cover letter sample analyst interview
Annotated bibliography example mla format 2010 dodge
Internships cover letter samples
Special education assistant resume cover letter