Not Your Average Financial Podcast™
356 episodes - English - Latest episode: 20 days ago - ★★★★★ - 119 ratingsThink different about your money, your economy and your future. Be curious. Be stable. Be sane.
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Episodes
Episode 56: The Truth Behind the Federal Reserve with Teresa Kuhn
September 28, 2018 04:00 - 31 minutes - 71.1 MBIn this episode we ask: Who is Teresa Kuhn? Where did her journey begin? What did Teresa find on her search for the truth? What book did Teresa find that changed her mindset? What did Teresa’s Dad say after reading four of her book suggestions? What did Teresa learn as she read about the Federal...
Episode 55: Banks vs. Mutual Insurance Companies
September 21, 2018 04:00 - 27 minutes - 63.7 MBIn this episode, we ask: What are banks? How do banks work? What happens when you put your money with a bank? Is a checking account safe? What about interest bearing savings account? If you put ten thousand dollars into the interest bearing savings account, how much do you get credited to your account? What...
Episode 54: Rules of Thumb for Taking Out a Bank On Yourself Policy Loan
September 14, 2018 06:00 - 28 minutes - 65.1 MBIn this episode, we ask: When are the appropriate scenarios for taking a policy loan? Are you thinking like a banker? Do you want your income to equal your premium? What are the rules of thumb? When should you use a policy loan? Would it take you more than six months to save for that?...
Episode 53: A New Perspective with Les Himel (Part 2)
September 07, 2018 06:00 - 28 minutes - 66.1 MBIn this episode, we ask: If compounding stumbles, do we gain or do we lose? What troubles has Les Himel experienced with Wall Street? What is macrodiversification? What is microdiversification? What about mutual funds? What about bonds? What about stocks? How do we improve on a portfolio? How do we turn our portfolio into a...
Episode 52: A New Perspective with Les Himel (Part 1)
August 31, 2018 06:00 - 33 minutes - 75.9 MBIn this episode, we ask: What has Les Himel learned in his 28 years on Wall Street? What are the myths of standard conventional wisdom? What are the rules of thumb we should always be able to rely on? Can you get 10% or more per year in the market? How much lower will taxes...
Episode 51: [Toolbox] Does Buy and Hold work?
August 24, 2018 06:00 - 23 minutes - 53.6 MBIn this episode, we ask: Should you buy and hold index funds? Should you buy and hold ETFs? What is buy and hold? What did Einstein say is the 8th wonder of the world? Have you been influenced by this idea of buy and hold? Have you ever been told to “stay the course” in...
Episode 50: [Toolbox] Gaining from Financial Chaos and Disorder
August 17, 2018 06:00 - 29 minutes - 66.8 MBIn this episode, we ask: What is the opposite word for fragile? Have you read the book Antifragile by Nassim Taleb? What is fragile? What is robust? What is antifragile? What happens when harm is involved? Is there more upside or downside? Do we learn from our mistakes? How does this apply to the financial system?...
Episode 49: [Toolbox] How Banks Win (Hint: It’s not about the Rate of Return)
August 10, 2018 06:00 - 26 minutes - 61.6 MBIn this episode, we ask: Who is winning? Why are the banks winning? How much are we saving, according to the Economic Policy Institute? What’s the real, the median rate of savings for American families? Is $5,000 dollars enough for total family savings? When did we become a nation of debtors? What is the median income...
Episode 48: The Secret 10/10/10 Formula – How Much Do I Need To Save?
August 03, 2018 03:00 - 31 minutes - 71.9 MBIn this episode, we ask: Is it possible that you’ve been told something that isn’t true? What is the 10/10/10 rule? What about 10 percent to short term needs? What about 10 percent to anticipated mid-term needs? What about 10 percent to long term retirement planning? How the heck can I save 30% of my...
Episode 47: Invest in Yourself
July 27, 2018 03:00 - 23 minutes - 53.9 MBIn this episode, we ask: How are YOU your greatest asset? Can you commit to investing in yourself? How do you help yourself build a larger income? How do you advance yourself? How can you be more disciplined? Do you pay attention? Are you depreciating yourself? Do you live cheap? Do you live within your means? Do...
Episode 46: Habit Shift
July 20, 2018 03:00 - 25 minutes - 57.3 MBIn this episode, we ask: Why do we do what we do? Who writes financial “infotainment” articles? Why aren’t finances commonly taught in school? Who are the guides along your path who are looking out for you? How do you take action with the information you learn? How do you get unstuck? How do you...
Episode 45: Emotions and Money
July 13, 2018 06:00 - 30 minutes - 70.6 MBIn this episode, we ask: What do emotions have to do with money? Did you know that people spend more when they’re sad? Have you heard of tulip mania? How does shame or fear play into buying decisions? How does greed affect us? What about buy-and-hold index funds and strategies? What about the emotions with...
Episode 44: Building a Portfolio of Bank on Yourself for the Whole Family
July 06, 2018 06:00 - 26 minutes - 59.7 MBIn this episode, we ask: How does the banker’s mindset change everything? What does a banker think about all day long? What is a “system” of policies? Why do bankers save cash? Do you remember Scrooge McDuck? When does the banker’s mindset go into full gear? What is the limit of the number of insurance...
Episode 43: Life Insurance and Couples – A Commitment for Life
June 29, 2018 03:30 - 34 minutes - 79 MBIn this episode, we ask: How much should we put on each person? Should it be 50/50? 60/40? 0/100? Is the cost of insurance more expensive for two policies (instead of one)? Would it be cheaper to put it on the healthier partner? Would it be most efficient to put it on the younger partner?...
Episode 42: A Bank on Yourself Real Estate Investor Interview
June 22, 2018 06:00 - 35 minutes - 82.1 MBIn this episode, we ask: What drew Keith Usiak into real estate investing? When did Keith purchase his first house? second house? third house? What tips does Keith have for anyone looking into real estate investing? What is a real estate association? What did Keith learn in the military that has helped him in real...
Episode 41: Combining Bank on Yourself® with the Asset Class of Real Estate
June 15, 2018 05:30 - 28 minutes - 65.6 MBIn this episode, we ask: How does Real Estate work with Bank on Yourself®? How is this like combining nitro and glycerine? What does it take to combine real estate and Bank on Yourself®? What is OPM (other people’s money)? How does OPM affect your profits? How does OPM affect bank profits? How does the...
Episode 40: House Equity – The Money in the Walls
June 08, 2018 06:00 - 33 minutes - 76.7 MBIn this episode, we ask: What’s the definition of an asset? Is your home an asset or a liability? What’s the definition of a liability? Is your home an asset or a liability? Is your investment property an asset or a liability? Since we have to live somewhere, what would be some not-so-average ways of...
Episode 39: Is Your Home an Asset or a Liability?
June 01, 2018 06:00 - 23 minutes - 54.7 MBIn this episode, we ask: How do you view your home? What were you taught about home equity? How does home equity play a part in retirement planning? Should you make an extra mortgage payment? Should you pay off your home on a 15 year mortgage? How much did home values raise in 2002-2006? How...
Episode 38: Another Word From Our Clients
May 25, 2018 06:00 - 26 minutes - 61.6 MBIn this episode, we ask: What are our clients excited about? Who is Christine? What did Christine see her family and friends go through? What was Christine’s first reaction when she heard about Bank On Yourself? How does Christine use her Bank On Yourself policy? What does Christine think is the best feature of a...
Episode 37: A Word from Our Clients
May 18, 2018 06:00 - 26 minutes - 59.8 MBIn this episode, we ask: What are our clients getting excited about? How have our clients been utilizing their Bank On Yourself solutions? How have our clients invested in Real Estate? How have our clients increased their income? How have our clients worked within their family structures? How have our clients paid their taxes? How...
Episode 36: How Much Does That Truly Cost?
May 11, 2018 06:00 - 25 minutes - 57.7 MBIn this episode, we ask: How expensive are the different financial products? What are the most expensive financial products? Are you surprised to hear the commissions financial advisors receive? Why are most fees so hard to find? Is it a crime to be paid? Why shouldn’t we get our retirement plans for free? Who pays...
Episode 35: Structuring Insurance: It’s All About How You Think
May 04, 2018 06:00 - 27 minutes - 63.5 MBIn this episode, we ask: What are the biases with insurance? What misunderstandings exist? What’s the truth? Why does anyone have a bias against anything? Where do we hear information? Is this information in line with reality? What about my family member’s experience? How many mutual funds are out there? Why do people have completely...
Episode 34: Shock and Awe: The Firsts
April 27, 2018 06:00 - 26 minutes - 61 MBIn this episode, we ask: Do you have a question on every single page of a new policy? How many pages are in your contract? What is the guaranteed values table on a life insurance contract? Wait, so you’re saying there are zero dollars in cash value the first five years?! What’s going on here?...
Episode 33: Bank On Yourself Loans & Getting Out of Debt
April 20, 2018 06:00 - 19 minutes - 44.1 MBIn this episode, we ask: Shouldn’t we pay down our debt first before doing anything else with our money? How did Pamela Yellen’s husband “make a profit” on his heart surgery? How can you reduce or eliminate your debt and increase your savings at the same time? How can policy loans help you get out...
Episode 32: How do Bank on Yourself Policy Loans Work?
April 13, 2018 06:00 - 32 minutes - 74.8 MBIn this episode, we ask: What is a life insurance policy loan? If I’m trying to be debt free, why go back into debt with an insurance company? Are life insurance loans just like a credit card or a mortgage? Isn’t a life insurance loan just like a personal loan? How does your cash value...
Episode 31: How Do Bank Loans Work?
April 06, 2018 06:00 - 30 minutes - 70.1 MBIn this episode, we ask: What is debt? What are some of the common judgement calls about debt? What are some religious thoughts around debt? What did Solomon say about power? What is the year of Jubilee? Does debt lead to intergenerational slavery? Are you more likely to be in debt if your parents are...
Episode 30: Will You Pay Tax on the Seed or the Harvest?
March 30, 2018 06:00 - 20 minutes - 45.8 MBIn this episode, we ask: What is the “Rich People’s Roth?” Are there required minimum distributions (RMDs) on ROTH IRAs? What other elements make up a ROTH IRA? What accounts have contribution limits? What accounts can you contribute to tax free and take distributions tax free? What’s smaller? The seed or the harvest? Would you...
Episode 29: Tax Advantages with Bank on Yourself
March 23, 2018 06:00 - 23 minutes - 53.7 MBIn this episode, we ask: Is there someone at the IRS who you’re particularly fond of? Do you have more than one beneficiary on your IRA or 401(k)? What did we mention over and over in our last episodes? Are taxes likely to go UP or DOWN in 2025? What changes can we anticipate? What...
Episode 28: Hug Your CPA and your IRS Agent
March 16, 2018 06:00 - 25 minutes - 58.5 MBIn this episode, we ask: What is going on with the new tax law (the Tax Cuts and Jobs Act)? What’s new with personal taxes? What does the tax code encourage? Where are the tax breaks? How is the effective tax rate different from the marginal tax rate? How does this affect the Mortgage Interest...
Episode 27: A College Degree from Bank on Yourself
March 09, 2018 06:00 - 20 minutes - 48 MBIn this episode, we ask: What does the Wall Street Journal say about qualifying for student aid? What is a 529 plan? How does it affect aid on the Federal level? When colleges set up their own aid? How do financial aid officers look at 529 funds? How do they treat it? Do you know...
Episode 26: Paying for College? What are my options?
March 02, 2018 06:00 - 19 minutes - 45.6 MBIn this episode, we ask: If college aid is so complicated, why are we expected to do this on our own? Can an accountant help with college planning? How do I find a college funding specialist? How is paying for college like flying on an airplane? What’s Holly’s story with flying? What key questions should...
Episode 25: Where Will I Get the Money for College?
February 23, 2018 06:00 - 24 minutes - 56.6 MBIn this episode, we ask: What are the four main sources of college aid? What does the Federal Government offer? What does a work study program offer? What about Stafford and Perkins loans? Who borrows money on these loans? Which loans require cosigning? What happens if your kid quits school or the kid doesn’t find...
Episode 24: How to Pay for College with as Little Out of Pocket as Possible
February 16, 2018 06:00 - 27 minutes - 62.8 MBIn this episode, we ask: If you have a sophomore in high school, how much will college cost for a 4 year public university? How does this affect your unique situation? What are the biggest concerns of college planning? What are the deadlines? What mistakes are common? How much time does the college planning process...
Episode 23: 3 Strategies for Becoming A Retirement Planning Expert
February 09, 2018 06:00 - 28 minutes - 64.9 MBIn this episode, we ask: How is “retirement” or receiving passive income like climbing a mountain? How many people make it up Everest? What is it like coming down a mountain? How do we take this finite amount of money and make it last for this unknown number of years? What are the secrets of...
Episode 22: [Income in Retirement] What’s Your Magic Number?
February 02, 2018 06:00 - 20 minutes - 47.2 MBIn this episode, we ask: Is income important to you now? Do you see your future self as a stranger? How much do you need coming in? What is the first thing you need to do? What are your expenses? What income do you currently have? Do you qualify to receive Social Security? Will Social...
Episode 21: [Income in Retirement] Streams of Income and Retirement Planning Gotchas
January 26, 2018 06:00 - 28 minutes - 65.7 MBIn this episode, we ask: What are the possible streams of income in retirement? What can you build up now, so you can rely on them later? Would you like passive income? What is passive income? What about passive income from Social Security? What about defined benefit plans? What about personal savings / investments? What...
Episode 20: [Income in Retirement] So Easy! Even PhDs Can’t Figure It Out
January 19, 2018 05:30 - 28 minutes - 64.8 MBIn this episode, we ask: Does your birthday fall between 1946 and 1964? How much of the American population is in the Baby Boomer generation? Which Americans qualify for retirement? Are you ready for retirement? Will you have enough cash (for basic living expenses)? Will you have to work longer? Are Boomers prepared for retirement?...
Episode 19: [Toolbox] The Four Rules of Budgeting
January 12, 2018 06:00 - 27 minutes - 62.1 MBIn this episode, we ask: Do you need a budget? How much is in the bank? What reaction do you have to budgeting? How do you keep your budget fluid? How do you use a budget? How can you be successful with a budget? What is a state of flow? Are you single and budgeting...
Episode 18: The Episode of Hope
January 05, 2018 06:00 - 26 minutes - 61.2 MBIn this episode, we ask: At your age? At that income? With that health problem? What if I don’t make enough money to start planning? How much should I save? How do you overcome the paycheck-to-paycheck cycle? When will you make the most income? Is whole life insurance terrible? Does the death benefit on whole...
Episode 17: A Tale of Two Brothers (Part 2)
December 29, 2017 06:00 - 26 minutes - 59.5 MBIn this episode, we ask: Fast forward 29 years – how’d it turn out for George and Sam? What are the long term effects of the decisions they’ve made earlier? How did Opportunity Cost, Liquidity and Interest work out for George and Sam? Who is DALBAR? What information do they report? As of this year,...
Episode 16: A Tale of Two Brothers (Part 1)
December 22, 2017 06:00 - 21 minutes - 48.3 MBIn this episode, we ask: Are you ready to join us fireside for a story? What opportunities bring interest, opportunity cost and liquidity together? As you listen to the parable of the two brothers, what do you notice? How are these twin brothers, George and Sam, the same? How are they different? What does George’s...
Episode 15: [Toolbox] Unlocking Cash
December 15, 2017 06:00 - 27 minutes - 62.1 MBIn this episode, we ask: What is liquidity? How do loans affect your liquidity? How does liquidity affect cash needs in an emergency? How does your rate of return affect all of your investments? How does detail orientation affect financial planning decisions? How do we zoom out and think about this from a big picture...
Episode 14: [Toolbox] It’s Time To Take an Interest in Interest
December 08, 2017 06:00 - 27 minutes - 62.9 MBIn this episode, we ask: What is interest anyway? What is the difference between compound interest and simple interest? How does compounding frequency affect an account? When is compound growth a problem? What did Albert Einstein say about compound interest? How does compound interest take affect? Where do most people look for compound growth? What’s...
Episode 13: [Toolbox] The Cost of Opportunity
December 01, 2017 06:00 - 24 minutes - 56.5 MBIn this episode, we ask: What is opportunity cost? How does it affect you? How does opportunity cost work? Small cost! What could a $5 cup of coffee today truly cost later? When does opportunity cost affect you the most? When you are younger or older? Medium cost! What could a new phone truly cost...
Episode 12: Our Stories with Money
November 24, 2017 06:00 - 31 minutes - 71.2 MBIn this episode, we ask: What did we get wrong? What did we get right? What is Holly’s story with money? What promise did Holly make to herself? What book influences Holly profoundly? What are Holly and her husband doing with their finances now? What breakthrough did Holly experience? What is Holly thankful for? What...
Episode 11: The 401(k) – How’s That Working Out For You?
November 17, 2017 06:00 - 25 minutes - 59.2 MBIn this episode, we ask: Was the 401(k) meant to be the primary vehicle for retirement? Is there more risk early on in a 401(k) or toward the end or retirement phase of the 401(k)? How have the 401(k)s improved our retirement outlook? What guarantee does the 401(k) present? (Hint: it’s a four letter word.)...
Episode 10: Your 401(k) – Who’s Benefiting the Most?
November 10, 2017 06:00 - 26 minutes - 60.6 MBIn this episode, we ask: Who are the parties involved in your 401(k)? What does each party receive? Are you serving pie at your party? How many dollars are in rotation in the 401(k) industry? On average, how many fees are in a 401(k)? What fee did Holly find in the fine print of her...
Episode 9: [Breaking News] Is It Time To Retire Your 401(k)?
November 03, 2017 06:00 - 27 minutes - 63.6 MBIn this episode, we ask: Why the buzz on the 401(k)? Who is Nobel Prize winner, Harvard University Professor Emeritus, Robert Merton and what is he saying about retirement plans? What happened to good, old-fashioned pensions? What is a 401(k) plan, exactly? When was the first 401(k) started? What did Katrina find when she googled the...
Episode 8: The Bank On Yourself® Revolution and Pamela Yellen (Part 2)
October 27, 2017 08:00 - 31 minutes - 71.4 MBIn this episode, we interview Pamela Yellen, the author of the Bank On Yourself® Revolution. Here are some the questions we talk about: How financially literate are Americans? How many people have taken Pamela’s famous financial literacy quiz? What did they score? What’s your score? What shifted personally for Pamela when her and Larry started their...
Episode 7: The Bank On Yourself® Revolution and Pamela Yellen (Part 1)
October 20, 2017 12:00 - 28 minutes - 64.9 MBIn this episode, we interview Pamela Yellen, the author of the Bank On Yourself® Revolution. What is the Bank On Yourself® method? What does it allow? What are most people “banking” on? How can you become your own source of financing? What did Pamela learn from the most elite, top three financial planners and money managers? What does...