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This is from our most recent Episode 386: [Client Spotlight] Navigating Life’s Twists: Steven Lyon’s Wealth-Building Journey Here is the link! nyafinancialpodcast.com/episode-386-client-spotlight-navigating-lifes-twists-steven-lyons-wealth-building-journey/

@ Great thank you!

Absolutely! Here is the link to this full episode: nyafinancialpodcast.com/episode-385-how-does-dave-ramsey-not-get-sued-for-this/. Also, here is the link to the Bank On Yourself® website: www.bankonyourself.com/buy-term-and-invest-the-difference.

I appreciate your perspective! It's important to do your own research and find what works best for you.

Please remind me - how do we take it with us when we croak?

If you have money left over when you die, that probably means you manage your finances well and have planned for life accordingly. Dying dead broke and living poor or in poverty is not noble, either.

I agree dying on the day you spent your last dollar would be the ultimate estate plan. As a bonus you could ''owe'' the IRS money. The only problem with that is most of us have no idea which day that is. So dying while living in a house that you happen to own, for example, rather than a tent on the street wouldn't be considered ''stupid'' by most peoples measure. I am not sure where your comment is coming from but I assume the LOL at the end means you are joking, or trolling as they say.

Buy low sell high.

Thank you for joining the conversation! You make a valid point! It’s important for viewers to understand the nuances of financial advice and to seek personalized guidance based on their individual situations.

Hi, thank you for your comment, could you rephrase your question? Here is the link to the full episode if that helps: nyafinancialpodcast.com/episode-385-how-does-dave-ramsey-not-get-sued-for-this/

After adjusting for inflation, the Compound Annual Growth Rate (CAGR) for the S&P 500 is approximately 5.85%. From there, you also need to account for taxes, management fees, and any other potential expenses, which could leave you with an actual return closer to 3% or 4%. It might be worth digging deeper into this to gain a more complete picture. Additionally, it’s important to avoid relying solely on “average” growth rates when tracking performance-hence the name of this channel. It’s also worth noting that whole life insurance shouldn’t be compared to investments directly. Properly structured high cash value whole life policies often rival traditional investment strategies, but that’s not their primary purpose. Instead of viewing this strategy as an investment, think of it as a storehouse of wealth. It’s a tool that allows you to invest from your policy while still achieving uninterrupted compounding growth on your cash value-even as the funds are being utilized. Simultaneously, you can benefit from any gains (or bear any losses) from where you choose to invest the borrowed money. Does having access to all of your capital-and potentially more-hinder any of your investment opportunities? Or does it provide you with greater flexibility and control over your financial strategy?

Thank you for sharing your perspective! It’s always valuable to hear different opinions, especially when it comes to financial topics. Your input adds a lot to the discussion! Here is the link to the full episode if it helps: nyafinancialpodcast.com/episode-385-how-does-dave-ramsey-not-get-sued-for-this/

The 30 year ''average'' can be very misleading. For example most people aren't retired for 30years. If you decided to retire in the year 2001 had your money in an S and P index fund were taking 4% distributions believing you would get an ''average retrun long term'' your portfolio would be devastated by 2010.

Taxes are factored into the net amount available in the brokerage account in this scenario

All I know is I can’t see myself being willing to jump off of a high dive into the swimming pool below because AI told me too

Good point

You’re right the trouble is not knowing the difference between the two, and only finding out the difference in the rearview mirror

Agree!

Funny. I want to know more from those eyebrows

Thank you for sharing your thoughts! It's definitely a complex situation, and understanding the nuances can lead to a more informed perspective on global politics.

@nathaniellahti2449 Thank you for your comment! You're right! There are so many factors to take into consideration when buying and/or selling a business. Listen to the Full Episode here: nyafinancialpodcast.com/episode-377-real-world-tips-for-selling-your-business-with-david-c-barnett/

@yeigotem Hi there! You can find Tanisha's book here: www.tardus.com/creatingyourincomesnowball and if you'd like more information you can listen to the full epsiode of the Not Your Average Financial Podcast at nyafinancialpodcast.com/episode-376-client-spotlight-due-diligence-and-the-income-snowball-with-tanisha-souza/

Subscribe and buy the book about the strategy and then come to the workshop and you’ll get a closer idea!

Hi there! The quickest way to find out more is the podcast. Please feel free to ask any questions you may have!

@NotYourAverageFinancialPodcast fantastic, thank you.

@HyphenzaOfficial - Thank you for your question. Here is the link to the full podcast episode! nyafinancialpodcast.com/episode-375-get-off-the-x-no-decision-is-still-a-decision/

I agree!

When it comes to term insurance or IUL, Only people who are about to die by the ones left on the books at the insurance company. That’s bad news for an insurance companies balance Sheets

Don’t throw that waffle in the garbage, it’s still good!

Very true! what else is financial independence and freedom if it’s not freedom for something that we truly care about?

If you had only $1 - which would you choose?

Thanks for your feedback, you’re right the clip is a part of a longer podcast episode, but we’re diving deep into some of the fallacies and problems baked into indexed universal life insurance as a retirement savings strategy. I’m playing out the unfortunate scenario many people will have in retirement when they try to retire on this kind of life insurance policy. Listen to the full episode to see what I would recommend instead!