Wealth For Life with Denver Nowicz
49 episodes - English - Latest episode: 6 months ago - ★★★★★ - 1 ratingThere are different financial strategies for different levels of wealth. If you are wealthy, mainstream advice wont help you scale wealth. In our 10th year of broadcasts.
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Episodes
You probably own this asset that has earned nothing for 10 years…
October 20, 2023 19:19 - 12 minutes - 23.3 MBAccess this weeks newsletter on Linkedin: https://www.linkedin.com/posts/denvernowicz_you-probably-own-this-asset-that-has-earned-activity-7121198879009603584-uX77 Proven strategies for tax reduction: https://www.linkedin.com/groups/5156642/ Connect with me on LinkedIn: https://www.linkedin.com/in/denvernowicz/
I’ll be spending over $250,000 on health insurance!
October 13, 2023 20:21Health insurance premiums have increased 287% since 1999 for everyone. But when you are self-employed, like I am, you have to pay for your health insurance. We currently pay $1527 per month for a family of four. $18,324 per year. $8500 deductible. My kids will be on the plan for at least the next 10 years. If I use the same inflation rate on premiums, the amount I will pay for health insurance over the next 10 years is: $265,000 Not including the deductible we would have to pay in ...
The #1 Asset Class of the Top 1%
September 29, 2023 20:19 - 18 minutes - 33.8 MBIn this week's Modern Family Dynasty Newsletter: In today’s MFD newsletter: The top 1% own 57% of private companies. How can you create a financial plan to include business ownership? A true financial plan provides systems. Your financial plan should be making you feel safer and safer as time goes on. This allows you to capitalize on opportunities as they come up. There are incredible opportunities in the world right now if you have the right systems in place. If not you will g...
How to save millions in taxes using this little know strategy
September 22, 2023 17:15 - 16 minutes - 30.8 MBAccess this weeks newsletter on Linkedin: https://www.linkedin.com/pulse/little-know-strategy-you-can-use-save-millions-taxes-denver-nowicz Strategies for incomes of $250k and up: https://www.linkedin.com/groups/5156642/ Connect with me on LinkedIn: https://www.linkedin.com/in/denvernowicz/ In this week's Modern Family Dynasty Newsletter: How to save millions in taxes using this little known strategy. - Using tax brackets to save a fortune in taxes - There is no such thing as a l...
How To Cut Taxes By 50%
September 15, 2023 18:04 - 28 minutes - 53.1 MBAccess this weeks newsletter on Linkedin: https://www.linkedin.com/pulse/how-cut-taxes-50-denver-nowicz Strategies for incomes of $250k and up: https://www.linkedin.com/groups/5156642/ Connect with me on LinkedIn: https://www.linkedin.com/in/denvernowicz/ In this week's Modern Family Dynasty Newsletter: Cut taxes by and 50% and why now is the best time to become a millionaire. - Reduce taxes by up to 50% for current income. - Also applies to exits, business sales, real estate sale...
Is a financial adviser just and investment salesperson?
September 08, 2023 20:29 - 13 minutes - 25.8 MBIn the weeks MFD newsletter: How to recognize and investment salesperson, the age of congress is not good for America, how to work outside with a rolling workstation and becoming financially unbreakable. View this week's newsletter here: https://www.linkedin.com/newsletters/... Free Guide: Cut Taxes Up To 50% and Safely 5x Your Wealth - join the Wealth For Life Group on LinkedIn for instant access: https://www.linkedin.com/groups/5156642/
What should you invest in?
September 01, 2023 19:37 - 12 minutes - 22.3 MBIn this week's Modern Family Dynasty newsletter: What should you invest in, how AI is holding up the stock market, the best framework for scaling wealth. View this week's newsletter here: https://www.linkedin.com/newsletters/7041877338258624513 Free Guide: Cut Taxes Up To 50% and Safely 5x Your Wealth - join the Wealth For Life Group on LinkedIn for instant access: https://www.linkedin.com/groups/5156642/ Watch the video recap: https://youtu.be/U31VV9m0U7Q
How Wall Street's Retirement Formula Pads Their Pockets and Robs Your Quality of Life
August 25, 2023 18:44 - 14 minutes - 27.3 MBThis weeks newsletter: You can save less, reach your goals and enjoy more life along the way...if you stop following Wall Street's saving advice. Read the full newsletter here: https://www.linkedin.com/pulse/youre-being-told-save-too-much-denver-nowicz/ Sign up for our upcoming event: 5 Strategies Millionaires Use To Cut Taxes By 50% and 5x Wealth - Part II Event by Denver Nowicz Thu, Sep 14, 2023, 10:00 AM - 11:00 AM PT Click here to register: https://www.linkedin.com/eve...
Taxes are the worst for those in the $150k-$1m income range
August 18, 2023 20:24 - 13 minutes - 23.8 MBAccess this weeks newsletter here: https://www.linkedin.com/pulse/taxes-... You can easily be paying 30%-50% in taxes. Take a look at the REAL numbers... 250k in tax payments =$1 Million in lost wealth. Taxes are a guaranteed 30% to 50% loss each year. Market losses are bad, but unless you sell, those losses are only on paper. Markets also recover. Money paid in taxes is gone. If your investments were losing 30%-50% per year, how long would you wait to take action? People ofte...
5 Strategies Millionaires Use To Cut Taxes By 50% and 5x Their Wealth
August 11, 2023 22:40 - 50 minutes - 92.5 MBThis is a replay of our LinkedIn Live event “5 Secret Strategies Our Millionaire Clients Use To Cut Taxes By 50% and 5x Their Wealth.” Access the 58 page slide deck and video replay here: https://www.linkedin.com/groups/5156642/ On this 60m LinkedIn Live we’ll be discussing: How 7-figure earner private clients have been reducing their taxes by up to 50% since 1998 with this little-known strategy. The exact methods our clients have used to leverage over $1 billion in tax-free money, res...
Build a Modern Family Dynasty: Install these 7 Money Values with your kids now!
August 11, 2023 21:14 - 13 minutes - 25 MBBuild a Modern Family Dynasty: Install these 7 Money Values with your kids now! Please Note: If you missed last weeks "5 Strategies Millionaires Use To Cut Taxes By 50% and 5x Their Wealth" Linkedin Live event we had 490 attendees! I've posted the 58 page slide deck and a replay of the event in our Wealth For Life LinkedIn group. Access all the resources here: https://www.linkedin.com/groups/5156642/ View the newsletter mentioned in this episode: https://www.linkedin.com/pulse/70-time...
How To Create Income Streams By Owning Franchise Businesses
October 30, 2020 17:31 - 19 minutes - 27.1 MBHow to create income streams by owning Franchise businesses. With everything that has happened through this pandemic, there has never been a more important time to have multiple streams of income. Owning franchises is often overlooked opportunity. Everyone thinks about food service. But there are many other types that can be extremely profitable. You can even partner up and run some passively or from home. On this recent episode of the podcast I chat with Jon Ostenson who owns mult...
Stop Giving Bad Companies Your Investment Dollars
June 25, 2020 22:35 - 5 minutes - 6.81 MBToday, we're going to talk about how so much of investing in this country has really become corporate welfare. 75% of the S&P 500, are probably mediocre to poor performing companies, yet people are constantly rewarding them with all their investment capital through mutual funds and index funds. What happened to investing in good companies? Isn't that what investing is supposed to be? Not the lazy approach that says we don't want to do all the hard work it takes to research companies s...
Investing in the Stock Market for 2020
February 04, 2020 16:30 - 26 minutes - 35.9 MBToday with talk with Robert Reaburn. Robert's runs the the tactical opportunity strategy we use for our clients. Last year the strategy was up over 40%. We all know past performance does not guarantee future results. But what can we learn for investing in 2020? Robert share's some great insights.
How To Have More Happiness In Life And Retirement
January 13, 2020 19:18 - 32 minutes - 44.6 MBWhat's the point of having money if you are not happy? Today we talk with Sean Webb author of Mind Hacking Happiness. Over the last 20 years, Sean has become one of the world’s leading experts in how the human mind works, particularly in the area of human emotions, the driving force and motivation of all human actions globally. His work is used by universities and engineering firms to teach emotional intelligence, the foundations of artificial emotional intelligence, and his discoveries ...
Asset Protection 101 with the 6 Billion Dollar Attorney
December 03, 2019 16:43 - 24 minutes - 33.5 MBToday we talk with attorney Ike Devji who is one of the top asset protection attorneys in the country helping to protect over 6 billion in assets. What is the difference between asset protection and estate planning? What are the top mistakes people make in asset protection? Great info for real estate investors, doctors, business owners and more. Learn more about the strategies: https://wealthforlife.net/2019/12/whats-the-difference-between-asset-protection-and-estate-planning/ ...
Secret Lab Tests For A Healthy Retirement
November 13, 2019 00:13 - 28 minutes - 39 MBStaying healthy is a big retirement goal. What's the point of having all this money if you are to sick to spend it? Today I interview Tim Terrill of Arcpoint Labs in north Scottsdale. They have over 30,000 lab tests that can identify all kinds of surprising things that can sabotage health. The work with leading doctors, facilities or with you directly. People have been sick for years or even misdiagnosed only to find the root causes through good lab work. We cover a wide range of t...
The #1 Thing To Ask When Getting Financial Advice
January 15, 2019 04:09 - 15 minutes - 21.8 MBMaking good financial decisions is hard. Making the wrong financial move, choosing the wrong investments. Sometimes you can't afford to make mistakes. In world full of different financial advice, this episode will give you a simple framework to make sure you are getting what you need to put yourself on the path to financial security and avoid costly mistakes. Here is the video "Reduce Stock Market Stress" mentioned in the podcast. Have questions? Click here to talk with us.
Is your financial future dependent on this One Thing?
December 10, 2018 17:08 - 18 minutes - 25.3 MBIs your retirement plan based on one thing happening? The one thing is the stock market going up. Even if you are decades away from retirement, wouldn't it be better to have strategies that work when the market is up down or flat? What if you are 40 years old and you have a market decade like 2000-2010 where the market was flat? Yes, you have time to recover but you lost 10 years of compounding! What if you are 10 years or less from retirement and the market goes up and down constantl...
How To Worry Less About Your Investments
September 10, 2018 23:08 - 10 minutes - 14.2 MBDoes this sound familiar? You go in to invest and you tell the adviser you don’t want to lose too much and you are not greedy but you want some growth. You fill out a risk tolerance questionnaire. This is basically a form that asks you how much you are comfortable losing. Since you don’t want to lose much you score kinda moderate.You are then allocated into a moderate allocation based on your score and conversations. A year later the market is up 15% and you are only up 6% and you ar...
How build income streams from multiple sources you can use anytime
September 04, 2018 17:02 - 7 minutes - 10.8 MBWhat do you do for income if you lose your job or need to take a few months off? What if you want to retire early? How do you get income then? In this episode we discuss creating income streams from multiple sources and income you can access anytime. You can also download our free e-book "The Successful Professionals Guide To Wealth For Life" at https://wealthforlife.net/
How To Save Six Figures In Taxes
August 27, 2018 21:49 - 10 minutes - 14.3 MBIf you're planning on retirement income over $100,000, taxes could be your biggest expense. In the episode we talk about the hidden tax threat facing the upper middle class and how to structure your wealth so you can save a literal fortune.
How To Have A Bulletproof Financial Plan
August 07, 2018 00:44 - 11 minutes - 15.7 MBWhat does it take to bulletproof your financial plan and finally feel secure in your retirement? This podcasts has some answers for you!
Should you pay investment fees?
September 09, 2017 22:50 - 5 minutes - 5.89 MBWe all know fees can add up to a huge amount over time. Should you always just buy low cost ETF portfolios for cheap? In this episode we discuss the difference between an investment strategy and an income plan. Once you know this you can decide what strategies to use. We also discuss sequence of returns risk. Here is the handout I mention in the show: http://appreciateothers.com/sequence-of-returns-risk/ Contact me with any questions at 602-326-3435 or [email protected]
How to protect and preserve assets when faced with Long Term Care expenses
October 09, 2014 21:14 - 23 minutes - 32.7 MBThe keys to protecting and preserving your assets when faced with long term care expenses is to know the rules, use them to your advantage and do those things that are allowed. Here’s one area to know: Prepositioning Couples planning often uses prepositioning to achieve benefits for the person in need while preserving assets for the healthy spouse. This can include things such as: Paying off the mortgage. Paying down or off a vehicle or replacing one. Home repairs and home modification...
How to save $10,000 on a new or used truck for sale
August 03, 2014 04:53 - 11 minutes - 13.5 MBWhen it comes to large expenses, buying a new or used truck can certainly fall into that category. Recently my wife and I bought a new truck and Rob Murray of Peoria Ford was able to help us save over $10,000 on a new truck for sale. He share his best truck buying money saving tips in this episode. You can view all the info here: http://wealthforlife.net/
Profit protection in high markets - Part 2
July 21, 2014 22:49 - 11 minutes - 15.5 MBThe market has certainly recovered since the bottom of 2008. Unfortunately, some people missed out on the recovery because they were worried about losing. This is understandable given the roller-coaster of the last 10 years. But, cash sitting on the sidelines is losing potential interest. These are real losses just like market losses. Instead, look for strategies that protect profits and still have steady growth. Call us with any questions at 480-970-5663. For info on top wealth building...
Can the stock market for you to work an extra decade?
July 21, 2014 22:23 - 11 minutes - 16.1 MBOver the last 14 years the markets have hit all time highs three times: March 2000, July 2007, and roughly where we are at now – June 2014. What if you had turned 65 and decided to retire in the year 2000? As you’ll see in this video – the market ups and downs forced “Joe” – who had planned to work until age 65 – to work all the way to age 78. You can watch the video here: http://wealthforlife.net/how-the-stock-market-can-make-you-work-an-extra-13-years/ Learn strategies to take your...
Where is the economy going?
April 23, 2014 00:14 - 12 minutes - 14.4 MBWe have compiled our top economic charts for the start of the second quarter. This should give you a brief over of what direction the economy should go. Check out the charts at http://wealthforlife.net/economy-april-2014-part-2 Or click on the extras section on your phone or ipad app.
1st Quarter Economic Recap
April 23, 2014 00:01 - 12 minutes - 14.7 MBHere are the top economic numbers from the first quarter of 2014 In case you missed the headlines, here is brief recap of what has happened with the economy so far in 2014. In the second segment we will go over the economic outlook for the next 12-18 months.
How to have confidence in a rigged market
April 09, 2014 03:02 - 13 minutes - 18.1 MBWe know the market operates the way it does. However, we can lose money by just sitting on the sidelines. There are certainly ways to grow your wealth and have protections. Click the link below to get the free eBook we mentioned on the show: “The Successful Professionals Guide to Wealth For Life” http://wealthforlife.net/spguide/ Low cost index funds will have less turnover and trading frequency than other options and will not be impacted as much by high frequency trading. Insurance ...
The stock market is rigged
April 09, 2014 02:52 - 11 minutes - 15.3 MBThe U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt." High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send gobs of orders into the market, executing a small portion of them when opportunities arise to capitalize o...
Market trends and how they affect your wealth: Part 2 of 2
March 26, 2014 17:36 - 11 minutes - 13.4 MBSince we have seen how long bear markets can last and that most investors don’t have a 100+ year time horizon, we need to plan for bear markets that could fall into your peak saving years and income years. There are strategies to overcome this and keep your wealth growing using real estate, investments and insurance products. Today we will focus on the using index crediting strategies in insurance products. Check the extra section to view the chart mentioned in this episode or click here:...
Market trends and how they affect your wealth: Part 1 of 2
March 26, 2014 16:54 - 11 minutes - 12.6 MBHistory shows that the equity market enters long periods of high returns, followed by lengthy periods of lower ones. These periods are called secular trends. There are two kinds of secular trends: A secular bull market, or upward-trending market, occurs when each successive high point is higher than the previous one. A secular bear market, or downward-trending market, occurs when a trend does not rise above the previous high. We have had four bear markets that lasted 18 years, 25 years, ...
Building income streams Part 3 of 3 – The myth of “Be Aggressive”
March 07, 2014 23:00 - 12 minutes - 14.1 MBIn this final segment we discuss how to take chunks of money you have saved and create income for life. The younger you start this process the better. The great fiction you hear from financial media is that when you are young you need to be aggressive. This is not based on any fundamentals and not is it true. There is no one-size-fits-all advice. When you start young using safe vehicles you can create incredible income streams down the road. The idea of building a strong financial core fir...
Building income streams Part 2 of 3 - Case Studies
March 07, 2014 22:37 - 11 minutes - 12.8 MBBuild income streams you can access before and after age 59.5. Also have multiple sources of capital you can access without restriction (like you will find in 401k/IRA). This can give you better access to your money to handle the ups and downs of life. In this segment we also go over specific case studies comparing income streams from defined benefit plans and 401ks to tax free income from indexed universal life insurance plans. Successful professionals are increasingly building alternativ...
Building income streams Part 1 of 3 – Critical planning steps
March 07, 2014 22:27 - 8 minutes - 10.2 MBIncome planning is not just for retirement. What happens if you want to access your money early and everything you have saved is in a 401k? With the exceptions of emergencies you are stuck until you reach age 59.5 in most cases. What if you want to go part time or start a business? What if you get laid off and can replace all your income? Having income streams you can access without the government penalties could be a good idea to incorporate in your planning process. You can learn more by...
The Great Annuity Deception Video
March 07, 2014 22:21 - 6 minutes - 452 MB VideoIf you have problems watching this video you can view it on our website here: http://wealthforlife.net/great-annuity-deception/ Annuities can be a great way to create income for life. But not all annuities are good and consumers are not being told about what can go wrong with the vast majority of annuities sold in the market today. In a nutshell, when you are using annuities for income streams most will have a level or flat payout. Meaning your income stays fixed for the rest of your life...
Markets are high – now what?
February 27, 2014 21:39 - 11 minutes - 15.5 MBMarkets are high – now what? Before the market crashed in 2008, very few in the financial media were recommending take your gains and go. The system doesn’t work that way. Today people are worried about losing what they have gained in the latest recovery. We will also discuss a recent article: “Why many Americans no longer tolerate risk.” This traces the history and development of Wall Street’s favorite tool – the risk tolerance questionnaire. Was it created as a well-researched planning...
The myth of the lower "Retirement Tax Bracket"
February 21, 2014 20:17 - 21 minutes - 29 MBIs there such a thing as a “Retirement Tax Bracket”? It is important to plan for and remember that when you take money out of a 401k or IRA, 100% of that withdrawal is counted and taxed as ordinary income. The entire amount counts toward the tax calculation. If you haven’t planned for the cost of taxes during retirement it could potentially cause you some big problems. If taxes go up you could pay more in taxes. If you need a large chunk of your own money for emergencies or just to use ...
Creating tax free income: Why it's so important
February 21, 2014 01:39Matt and Denver discuss why creating tax free income is easy to do. Unfortunately, most professionals are not receiving this advice. This could end up costing them a fortune down the road. Learn strategies to create tax free income now. Learn more at wealthforlife.net.
What to look for in indexed life insurance and mistakes to avoid.
January 23, 2014 01:49 - 3 minutes - 7.94 MBA good indexed life policy can provide a lifetime of tax free wealth and protection. Unfortunately, not all policies are good and there are some common mistakes to avoid. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
The tax dilema: Pay now or pay more later.
January 23, 2014 01:48 - 8 minutes - 18.3 MBShould you delay paying your taxes until you retire? If you didn't know, you are already doing this in your 401k, IRA or defined benefit plan. Caution: You could pay more by waiting. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
The difference between indexed life and whole life.
January 23, 2014 01:46 - 5 minutes - 13.3 MBLearn the differences between indexed universal life insurance, whole life and variable life. Which one has the highest yield for the price? Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
Taxable or Tax Free?
January 23, 2014 01:41 - 2 minutes - 6.22 MBWhat are you doing to create tax free income? There are three basic ways to create tax free income. In this show we discuss a brief overview. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
Our background - Upside potential with protection.
January 23, 2014 01:41 - 4 minutes - 10.5 MBAre big gains possible in indexed universal life insurance? Plus learn about our background and wealth building philosophy. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
Understanding indexed life insurance costs and charges
January 23, 2014 01:39 - 2 minutes - 4.87 MBPeople love the tax free income from indexed life insurance but setting it up wrong can cost you. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
Real gains vs. just recovering what you lost.
January 23, 2014 01:37 - 2 minutes - 4.95 MBLearn how having a "floor" can protect your wealth from market losses and allow you to have real growth instead of just recovering from market downturns. The indexed life insurance advantage. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.
How can business owners use indexed life insurance?
January 23, 2014 01:37 - 3 minutes - 7.93 MBHow to use indexed life insurance to be your own bank, create additional liquidity and maximize tax advantages. Visit http://wealthforlife.net/ for additional videos, ebooks and web event information.