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Episodes

Ted Benna: Reflections from the “Father of the 401(k)” – TMA 032

6/18/2018
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If you listen to the “financial experts” on tv or the radio, you will hear the typical blanket advice that you should put money into a 401(k). But the question is, does that advice apply to everybody? To get as much of an insider’s perspective as we could find, we interviewed Ted Benna, "inventor" of the 401(k).  During this insightful conversation, we discussed the purpose of the 401(k), its history, shortcomings, and the need for reform. This interview was forthright about why there’s a...

Duration:00:50:10

How to Shop for Insurance Part 3: Life, Health, and Disability Insurance – TMA 031

6/11/2018
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Life, health, and disability insurance protect you, your body, your wellness, and your livelihood. This range of coverage includes some of the most essential protections. Too often, people ask the wrong questions. This leads them to draw the wrong conclusions about life, health, and disability insurance. As a result, many remain drastically underinsured or forgo the protection altogether. Without maximum life, health, and disability insurance, you leave the things that matter most, exposed...

Duration:01:07:04

How to Shop For Insurance Part 2: Home and Auto Insurance – TMA 030

6/4/2018
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Home and auto insurance are two pillars of insurance protection that are almost universally understood to be necessary. However, when it comes to choosing and paying for coverage, you have nearly infinite options. The range of coverage details, exemptions, coverage amounts, and limitations add complexity. This can make shopping for insurance seem like a maze without an exit. Without the knowledge of what to look for, your home and auto insurance can become a costly money leak each month....

Duration:00:30:23

How to Shop for Insurance Part 1: 7 Tips to Save on Insurance – TMA 029

5/28/2018
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When you shop for insurance, it’s best to start with a game plan. Then you know what to look for and how to save on insurance without sacrificing value.  It’s just like shopping for groceries, a marketing strategist, or an investment property. First, you need to know what you want. Next, you want to know how to get the best deal. Finally, you need to know where to find it. If you’ve been following along in this series on protection, you know why you want insurance. You’re here because you...

Duration:00:38:37

The Go-Giver: The Unexpected Secret of Success, with Bob Burg – TMA 028

5/21/2018
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The Go-Giver is an engaging parable about the unexpected system of getting predictable, proven results in building a prosperous business.  This story reveals the five laws of stratospheric success, giving you the recipe to make more money in your entrepreneurial endeavors by adding value and increasing your impact. If you have been reading The Money Advantage blog for awhile, you may already know that The Go-Giver book played a central role in How The Money Advantage Began. Why It Matters...

Duration:00:43:49

Why You Want Insurance Part 3: It Costs More to Self-Insure – TMA 027

5/14/2018
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To navigate your insurance decisions, you must weigh the costs and opportunity costs of each option. While some choose to self-insure as a solution to reduce costs, there are additional costs hidden beneath the surface that you need to be aware of.  Insurance is fairly polarizing. Chances are, you either love it or you hate it. And for most, it all boils down to cost. If you’re in the maximum-insurance-for-all-time camp, you want as much protection as you can get. You see no expiration on...

Duration:00:38:01

Content Marketing That Attracts and Converts Happy Clients, with Maggie Patterson – TMA 026

5/7/2018
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Content marketing is a powerful tool to reach your future customers before they choose to do business with you.  If you’ve been in business for 20 years or 15 minutes, you’ve realized that one of the primary levers of success is having customers. With people to see, you can find out what works best, make money, fine-tune, and scale. But without them, you’re dying a slow and painful death that eventually takes you out of business. So how do you attract and convert happy clients quickly,...

Duration:00:44:53

Why You Want Insurance Part 2: It Protects Your Human Life Value – TMA 025

4/30/2018
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Insurance is about more than protecting your stuff. It’s about protecting your human life value.  Often, you need insurance ranks pretty close on the motivation list with you need to change the oil in your car. Here’s the filtering mechanism your brain goes through when you hear it: Not that pressing. Things are going fine without it. Why be inconvenienced to handle this non-urgent matter? Not that relevant. Out of sight, out of mind. Dismiss. Right? But what if I told you that the reason...

Duration:00:31:40

Estate Planning That Works, with Rick Randall – TMA 024

4/23/2018
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While estate planning that works is not the norm, it does not have to be that way.  The goal of estate planning is to dictate how you will transfer the baton of your life’s wealth and wisdom to generations after you. With it, you ensure your legacy will live on, beyond you, rather than dissolving at your death. Estate planning that works gives you the ability to control, preserve and protect the wealth you’ve created when you’re no longer able to. Love, Money, and Control says it like...

Duration:01:01:08

Why You Want Insurance Part 1: Insurance Transfers Risk – TMA 023

4/16/2018
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Throughout civilization, people have created tools to transfer risk, protecting themselves from negative circumstances. This is the core function of insurance: to transfer risk. It’s what makes insurance not only something you want but something to love.  However, many people have a misguided and negative view of insurance, being inadequately insured or uninsured altogether. As a result, they live with more worry, fear, and doubt because of the possibility of loss. Consequently, they...

Duration:00:36:55

The Family Office Model: Investing Like the Wealthy, with Richard C. Wilson – TMA 022

4/8/2018
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There’s a divergence between the investing strategies of the status quo and those of the ultra-successful. The ultra-wealthy leverage a family office model so they can focus their efforts on what they do best. Viewing wealth as a team sport allows you to stay focused and do what you love.  Most people use common financial thinking. This has them feeling out of control, losing money, hanging on for the ride, and hoping everything works out. Instead, the ultra-wealthy have a completely...

Duration:00:50:14

Saving vs. Investing: What Is Investing? Part 2 – How to Find Your Best Investments – TMA 021

4/2/2018
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In a sea of investment choices, it can be overwhelming to determine which are the best investments for you. But don’t let overwhelm keep you in the dark, procrastinating, making mediocre decisions, losing money, and perpetually frustrated. The first step to confident investing is having a clear picture of exactly what you want and WHY. Knowing what you want allows you to set goals that will advance you towards your destination and measure your progress. Secondly, prepare. Next, you need to...

Duration:00:38:59

Personal Finance Solutions for REALTORS®, with Moses Seuram – TMA 020

3/26/2018
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Many successful business owners struggle when it comes to planning for the future. They have high incomes, live an upper-middle-class lifestyle or better, build growing businesses. However, they don’t have a plan for future income that they’re confident will lead to financial freedom. This is no truer than in the REALTOR® community. More than 50% of REALTORS® are broke at the end of their career. They’re making good money, but overpaying in taxes, spending too much of their money, and...

Duration:00:56:59

Saving vs. Investing: What Is Investing? Part 1 – Cash Flow – TMA 019

3/19/2018
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Most investing returns fizzle far beneath our expectations. When we most want our money to make money, we end up flatlining, or even losing money. The prosperity and confidence we'd hoped for elude us, leaving us more anxious and uncertain instead.  Could it be that we have our sights on the wrong target? Let's take a look at investing from a cash flow perspective to untangle the confusion and bring you investing clarity. You need to understand why this investing performance failure...

Duration:00:56:41

Transform Your Life and Business with the Power of Gratitude, with Kevin Clayson – TMA 018

3/12/2018
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Gratitude is a key ingredient in the abundance mindset recipe required for building a life and business you love. It’s like the yeast in a bread recipe or the coffee beans in the coffee. In fact, I’d go so far as to say it’s the elixir of life. It has the power to heal, elevate, bring clarity, create solutions, expand love, and increase your personal power. It’s miraculous when it’s applied. But for many of us, gratitude is plentiful when things are going well, and non-existent when we...

Duration:01:05:37

Saving vs. Investing: What Is Savings? – TMA 017

3/5/2018
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What Is Savings: Why We Need a Definition In all the financial pressure you feel to plan for the future, have you ever stopped to consider, fundamentally, what is savings? Often the answer is in asking the right questions. Concerning great questions, this is one that will behoove you to ask, understand, and answer that question for yourself.  Savings. We love having it. We know we need it. Everybody wants more of it. Savings is a precept of wealth-building. It’s a foundational...

Duration:00:58:45

Trump’s Tax Reform: What Entrepreneurs Need to Know, with Dustin Griffiths – TMA 016

2/26/2018
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Trump's tax reform has made a lot of big changes to the tax code. Because of the overhaul, our proactive tax team posted a series of blogs outlining the changes and what they mean for you. When we read them, we knew right away that we wanted to share them with you. So, we brought Dustin Griffiths back on the podcast to share the changes we think are most relevant to the small business owner. We're also sharing the links to all of their blogs to help you gain more clarity. Disclaimer: We've...

Duration:01:02:06

How to Save Like the Wealthy – TMA 015

2/19/2018
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If you want to seize opportunities like the wealthy, you will need to save like the wealthy. Building a financial system is a lot like barrel racing. Far away from the roar of audiences, the outcome of the race is determined by the hours of preparation and conditioning spent outside the ring, out of the public eye, before the race. Likewise, in building true wealth, developing a savings system is the preparation and conditioning it takes to succeed. Everything I Needed to Know I Learned...

Duration:00:39:29

Explode Real Estate Returns with Privatized Banking, with Jimmy Vreeland TMA 014

2/12/2018
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One growing company is maximizing their real estate returns by using the premier financing strategy of the wealthy.  As stand-alone tools, both real estate and high cash value life insurance are top-notch. Their powers of cash flow, appreciation, equity, leverage, tax advantages, and a hedge against inflation unrivaled by any other product. But when you combine these two high-quality assets together, your money does two things at the same time. This gives you an unfair advantage parallel...

Duration:00:49:15

Why the Wealthy Love Cash, Part 2 – TMA 013

2/5/2018
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The concept of holding cash – savings – is such an intricate, multi-faceted one. This series will walk you through the WHY, the compelling reasons to value and build cash savings. Then, we’ll show you how to apply it and reveal the key distinctions to keep you on track. If you have a great enough WHY, then figuring out what to do becomes important. But it all comes back to WHY. Since we love Simon Sinek’s Start with Why concept, we aim to apply it in everything we communicate. You may have...

Duration:00:55:01