What is the most important factor in retirement planning? The philosophy and the financial habits you create.

John does financial planning for clients. Today he shares details about how he goes about creating a successful financial plan.

• What is his goal when he advises his clients?
• How does he make projections for his clients?
• How do you make calculations based on future assumptions?
• Whats the best way to save for education?
• How do you plan for retirement?
• How much money is enough? Can you calculate that number?

An important message on retirement is found in a parable of the Bible. A rich farmer who had an abundance of grain, decided to tare down his barns and build bigger ones to store up all his wealth. God rebuked this man for his actions and said to him, "You fool! This very night your soul is required of you; and now who will own all the things you have prepared?" Luke 12:20

The take away from this is, there is a problem with greed and just storing up money for your own wants desires and needs and neglecting some of the more important things, like what happens to your soul when you die, or caring for the needs of those around you.

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast

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On this episode we are discussing an article written by the White Coat Investor on Infinite Banking. The article is called 7 truths on Infinite Banking / Bank On Yourself.

In this episode:

1. Who is The White Coat Investor?
2. Are the 7 "truths" of this article accurate? ... We discuss each of them today.
3. Is The White Coat Investor consistent?
4. Clarity on some confusion around infinite banking and whole life insurance
5. Direct vs Non Direct recognition.
6. What is an Infinite Banking Policy?

Link to Tom McFie's article on the White Coat Investor: https://mcfieinsurance.com/white-coat-investor/?utm_source=YouTube&utm_medium=link&utm_campaign=podcast&utm_content=558

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Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Dave Ramsey has 7 recommendations:

1. Start a $1000 emergency fund
2. Implement a debt snowball strategy
3. Have 3-6 months of expenses worth in savings
4. Invest 15 % of your income
5. Save for your children's college tuition
6. Pay off your house early
7. Build wealth and give

Are these 7 steps good to follow? Do they lead to financial success? Here's our opinion.

Also in this episode:

• What is the difference between an Emergency Fund and a Cash Cushion?
• Expectations and positive thinking.

Link to Dave Ramsey vs Infinite Banking binder: https://pages.mcfieinsurance.com/dave-ramsey-v-infinite-banking/?utm_source=youtube&utm_medium=link&utm_campaign=podcast&utm_content=557

We decided to ask Chat GPT questions about Infinite Banking. It was pretty accurate today, but it also had some serious errors.

We ask Chat GPT, What is Infinite Banking? And it gives us an example.
We ask Chat GPT, What about using Indexed Universal Life Insurance for Infinite Banking?
Is Dave Ramsey correct about Infinite Banking?
Can I use Infinite Banking for Retirement Income?

This whole episode is questions we're asking to Chat GPT and other AI software, and then evaluating their responses.

If you don't know about a subject, it can be hard to separate the facts from the fiction... and AI software is only as smart as the sources it is quoting.

If you have questions you need clarified or answered, comment or contact our team. We are happy to help you.

Resources: Jesse buys a house, Infinite Banking vs Mortgage: https://www.youtube.com/watch?v=ge5HLcZybNU&t=9s

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast

Follow the Wealth Talks Podcast on:

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Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

How Infinite Banking is going to work in 2026. What's changing? What's staying the same?

In this episode:

*An update on Dad* His diagnosis, treatment and whats happening right now.

Using Infinite Banking to keep your money growing at maximum efficiency

Using Infinite Banking with Real Estate

Why should you use Whole Life Insurance with Infinite Banking? Making a cash offer on a piece of real-estate

Using Life Insurance and Infinite Banking for Retirement

Using Infinite Banking to purchase a vehicle

Can I start an Infinite Banking policy on my children and grandchildren?

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast

Follow the Wealth Talks Podcast on:

Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA==

Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

This is the story of how Michael and Andreini used Infinite Banking to purchase their new car. A Toyota 4 Runner Limited, AWD, premium wheels and less than 9000 miles for $55,500.

Infinite Banking allows you to put yourself in the driver seat of your own finances by providing access to financing under your own terms. No loan underwriting, no credit applications, you're in control.

You'll hear in this episode how Infinite Banking served Michael and Andreini when they purchased their new vehicle.

Because of Infinite Banking, they had negotiation leverage with the dealership and ended up with a deal within $500 of their original counter-offer price, including taxes and fees!

All the details of this story in this episode you don't want to miss.

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast

Follow the Wealth Talks Podcast on:

Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA==

Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Planning for retirement. Is it smart to follow what everyone else is doing? Can Life Insurance help with your retirement strategy?

What is a 401k?

What is a 7702?

We discuss planning for retirement in this episode and the many different options and approaches that are available, and what people choose.

Listen and get all the details now. 📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast

Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA==

Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Marc Adams is the founder of the world renowned Marc Adams School of Woodworking. He joins us on this podcast and shares the story of how it all got started.

The Marc Adams School of Woodworking (MASW) hosts world famous craftsman and artist to share their time honored crafts. Woodworking, glass blowing, painting, leather working, metal working, quilting, furniture building, joinery, cabinetry and the list goes on!

Learn more and sign up for a class on their website here: https://www.marcadams.com/