Episodios

  • 5 Bank On Yourself Professionals Share Why They Do What They Do
    Jul 10 2024

    What’s better than two Bank On Yourself Professionals helping you understand financial freedom? Obviously, it’s FIVE of them to learn from.

    Brandon, Ben, Sarry, Chris, and Ryan are here to tell us how they achieved financial freedom and why they want to help you get there too.

    This candid conversation helps you understand the importance of generational wealth, how to create a financial foundation that isn’t volatile, and the impact of financial education.

    These five professionals are sharing with you their unique stories and how they can help you achieve long-lasting financial security.

    00:00 Introduction: Discovering Your Passion and Purpose

    00:38 Background: The Journey of Banking Yourself Professionals

    02:53 Podcast Welcome: Wealth Wisdom Financial

    03:52 Infinite Banking: Building a Solid Financial Foundation

    05:08 Guest Insights: Why We Bank on Yourself

    13:13 Generational Wealth: The Long-Term Impact

    18:02 Faith and Finance: A Spiritual Perspective

    27:42 Closing Thoughts: Taking Control of Your Financial Future

    33:17 Final Call to Action: Schedule Your Discovery Call

    Links mentioned in the episode:

    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call
    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)

    Watch on YouTube here: https://youtu.be/aMtCUYRvs6I

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    36 m
  • Client Spotlight: When the Worst Happens to a Parent with James Miles
    Jul 3 2024

    What's the worst thing that can happen to a parent? To lose their child.

    During this time it's important to be financially strong, especially when other children are mourning along with the parents.

    You might learn some useful money lessons from this experience.

    We hope you never lose a child. Here's your chance to hear James' story and learn through his experience.

    James shares his life and financial journey, from how he grew up, his first investments, and his current memory care real estate endeavors. He talks about his career history, financial setbacks, and strategies for teaching his children financial literacy. James also talks about his faith and how it helped him during tough times. His story shows why taking smart risks, learning from your experiences, and giving your kids a good money foundation are important.

    As James says, "Don't stick your head in the sand." and "Get started with your kids early."

    00:00 Introduction and Welcome

    00:19 James' Personal and Financial Background

    02:39 Early Investment Experiences and Lessons

    03:48 Questioning Traditional Financial Wisdom

    06:05 Transition to Real Estate and Entrepreneurship

    10:37 Discovering Wealth Wisdom

    19:13 Implementing Financial Strategies for Family

    19:46 The Importance of Financial Education for Children

    23:32 The Value of Life Insurance Policies

    32:05 Reflections on Financial Planning and Advice

    43:39 Conclusion and Final Thoughts

    Watch this episode on YouTube here: https://youtu.be/YQUtHS8d92I

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    56 m
  • Foundation 12: How to Write a Good Ending to Your Financial Story
    Jun 26 2024

    What part of the movie is your favorite? What does your answer reveal about your money story?

    You might like the opening where the goals are set. You might like the climax where it's most dramatic. You might love a good ending.

    On your money journey, each stage is critical but how do you make sure the ending is good?

    Trigger Warning: We talk about faith in this episode but in an interfaith, respectful way. We believe whatever your faith, it's critical to have faith to find meaning and purpose on your financial journey. Are you open to being still and letting God work on your behalf?

    Don't miss Amanda's prayers (there are 2) for you and your financial journey!

    00:00 Introduction: What's Your Favorite Part of a Movie?

    01:09 A Family's Financial Struggle and Faith

    05:59 The Importance of Setting Your Sights

    10:19 Finding Strength in Faith and Financial Journeys

    15:02 Final Thoughts and Encouragement

    Links mentioned in the episode:

    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call
    • Listen to the song Amanda's paraphrases here: https://open.spotify.com/track/7wDqgBeu73mUT1MSpClMU0?si=621d728884cb4b8c

    Watch this episode on Youtube here: https://youtu.be/EaPgYUwhSGY

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    21 m
  • Foundation 11: The Importance of Community for Wealth Building
    Jun 19 2024

    How do you make your investment decisions? Imagine this: 75% of a certain group of investors make their choices based on what their preferred app shows. That's a staggering number, right?

    Now, let’s talk about Tony. He’s a young man who faced significant financial struggles because he was isolated and didn’t have the support he needed. Tony’s story underscores the importance of not going it alone when it comes to your finances.=

    Think about the spectrum of investors out there. On one end, we have 'zombie investors' who rely entirely on financial advisors. On the other, there are those who are all about the DIY approach. The real trick? Finding a balance between these extremes.

    This episode also sheds light on the broader context of social and financial isolation, especially in the post-pandemic world. We’ll share strategies for building a solid money team using the STILL method. It’s all about engaging with trusted individuals and financial professionals to avoid feeling overwhelmed by financial decisions and to create a supportive community around you.

    Ready to take ownership of your financial future? Jump into this episode full steam ahead!

    00:00 Introduction: The Power of Mobile Trading

    00:47 Tony's Financial Journey: A Cautionary Tale

    03:37 Understanding Different Types of Investors

    05:24 The Importance of Community in Financial Success

    10:27 Building Your Money Team with STILL

    13:54 FINRA Report Insights: Investor Behavior

    Links mentioned in the episode:

    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

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    Watch on YouTube here: https://youtu.be/lHIxhuqQAp0

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    Conventional financial thinking has left too many people feeling like they should be further along by now. True wealth wisdom brings clarity and purpose on how to make real progress no matter what's happening in the economy or on Wall Street.

    Join our financial community: https://www.wealthwisdomfp.com/community

    Find us here:

    https://www.facebook.com/WealthWisdomFinancial/ https://www.instagram.com/WealthWisdomFP/ https://www.youtube.com/c/wealthwisdomfinancial?sub_confirmation=1

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    Important Details: Wealth Wisdom Financial’s content is for general information only and not for the purposes of providing legal, accounting, or investment advice. On such matters, please consult a professional who knows your specific situation. Some of our links are affiliate links where we earn a small commission at no additional cost to you if you make a purchase.

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    24 m
  • Foundation 10: How To Take Ownership and Build Financial Confidence
    Jun 12 2024

    You know the value of ownership. America's founding fathers saw private property as a cornerstone of our society and democracy. Still today, many value owning their home mortgage-free. They see no mortgage payment as a requirement for a happy retirement.

    But, what really is ownership? What can you truly own? The answers might surprise you. For example, you may own the title to something. Yet, if "possession is 9/10ths of the law" what happens to your title when someone else possesses your property?

    Could there be a construct that's older than titled, private property? Could that construct be a strong foundation for your financial journey?

    Ready for a transformational experience of what "taking ownership" of your financial future can look like? Then, jump into this episode full steam ahead!

    00:00 Introduction: Land Ownership Inequality

    00:54 Joe's Journey to Financial Stability

    02:54 Understanding Ownership and Financial Control

    04:58 The Reality of Bank and Retirement Accounts

    07:53 Exploring Tangible Assets and Real Estate

    09:49 The Power of Financial Contracts

    17:24 The Diamond in the Rough

    20:03 Wrapping Up: Home Ownership Insights

    Links mentioned in the episode:

    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

    Watch this episode and leave comments on YouTube: https://youtu.be/oOFxZy1aGmo

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    23 m
  • Foundation 9: How Banking Regulations Impact Our Daily Lives
    Jun 5 2024

    How does legislation enacted in 1933 impact your life today?

    Does that influence get bigger or smaller if you hear that legislation was repealed in 1999?

    The truth is this one piece of regulation has dramatic repercussions on how you approach creating the financial future you want.

    As they say, those who do not learn from history are doomed to repeat it. Are we repeating one of the biggest mistakes in American history?

    The only thing we can say is what you think is the mistake probably isn't. Listen in to peak behind the curtain.

    00:00 Introduction: The Impact of the 1929 Stock Market Crash

    00:22 Alex's Story: A Personal Tale of Financial Turmoil

    03:51 Understanding the Glass Steagall Act

    06:56 The Lax Enforcement and Repeal of Glass Steagall

    08:48 Personal Experience: Working in Finance

    11:10 The Great Depression and the Glass Steagall Act

    13:01 Modern Financial Speculation and Regulation

    16:31 The Alternative Financial System

    p.s. Due to more recent changes in banking regulation, the reserve requirements for banks are super low. Chances are your bank might have 0 reserves (source). How does that make you feel?

    Links mentioned in the episode:

    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

    Watch this episode on YouTube here: https://youtu.be/IyaKng6nHTI

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    23 m
  • Foundation 8: The Cost of Convenience with Banking
    May 29 2024

    It's no secret that banks dominate both personal and business finance.

    Yet, the realities of fractional reserves and how bankers really think about debt might surprise you. For example, have you ever heard of Marriner Eccles?

    What if there was an alternative? What if that alternative put more power into the hands of everyday Americans?

    Want more control over your financial future? Ready to use banks for their convenience without giving them control? Listen now!

    00:00 Introduction: Do Banks Rule the World?

    00:33 Sarah's Story: The Harsh Reality of Banking

    01:30 Discovering Hope: Alternative Financial Systems

    03:13 Personal Anecdotes and the Banking System's Impact

    04:41 The Mechanics of Banking and Its Effects on Us

    06:43 Fractional Reserve Banking Explained

    10:18 Historical Insights: The Great Depression and Money Creation

    12:53 The Problem with Debt and Consumer Culture

    17:17 Seeking Alternatives: The Power of Being Your Own Bank

    20:55 Taking Action: How to Secure Your Financial Future

    Links mentioned in the episode:

    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

    Books to learn more about banking:

    • The Bank On Yourself Revolution: https://www.bankonyourself.com/shop/the-bank-on-yourself-revolution-paperback
    • Rescue Your Retirement: https://www.bankonyourself.com/rescue-your-retirement-book

    Watch this episode on YouTube here: https://youtu.be/aeBP8qtSFQ8

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    23 m
  • Foundation 7: How to Build a Great Financial Pyramid
    May 22 2024

    Compound interest is a misunderstood concept. From misattributed quotes to downright inaccurate ideas.

    Listen to hear the parable of two builders tasked with constructing a pyramid. One builder rushes in and struggles with the physical task. The other takes time to plan and make micro-adjustments, achieving success more efficiently. This story serves as a metaphor for the power of uninterrupted compounding. Time and knowledge compound just like money.

    Be sure to catch the simple, elementary-level math. It shows clearly how real returns can differ from expected average returns. Is your portfolio really compounding?

    Keep growing your foundation of solid financial principles. Learn how to use money without interrupting its compounding growth. Michelangelo's chisel created masterpieces. So can you create a work of art on your financial journey!

    00:00 Debunking Einstein's Compound Interest Quote

    00:47 The Tale of Two Builders: A Lesson in Compound Interest

    04:08 The Story Behind the Story: Creative Inspiration

    05:29 Understanding Compound Interest Beyond the Basics

    10:42 Real Numbers: The Impact of Uninterrupted Compounding

    17:36 Building a Financial Pyramid: Strategies for Stability

    18:28 Unlocking the Secrets of Using Money Without Breaking Compounding

    Links mentioned in the episode:

    • Free download available of 5 Simple Steps to Secure Your Future Outside a W-2 here: https://www.wealthwisdomfp.com/report
    • Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
    • Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

    Watch this episode on YouTube: https://youtu.be/bAdKpwclAkw

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    27 m