Using a Home Equity Line of Credit (HELOC) to manage cash flow just became a precarious undertaking because Wells Fargo Home Lending will no longer accept applications for Home Equity Lines of Credits.  Of course, other banks are following Wells Fargo’s lead. A HELOC or Personal Line of Credit (PLOC) is the essential back bone …

Continue reading “Velocity Banking Comes to a Screeching Halt for Many”

Average returns don’t mean actual returns. On the surface this doesn’t sound like it would be a huge issue. But it is. In addition, the benefit of a 401(k) tax deferral used to be estimated about 9%, but not anymore. And fees continue taking a steady told each year which erodes your compounding base. These …

Continue reading “How Average Returns and Tax Deferrals Affect Most 401(k) Plans”

Many of those who speak about the evils of making money are the ones who aren’t making any. Today on WealthTalks, Tom and John talk about why Earning money, as well as Keeping and Giving money, are so important to building and sustaining a strong society. Make sure your children learn about the flow of …

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If there is one question we are hearing more frequently, it would be, “What about cryptocurrency?” If you don’t understand how blockchain works, your risk of investing in cryptocurrency is increased. I have chosen not to invest in cryptocurrencies for this reason. Risk is the one thing that needs to be controlled if any investment …

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Have you ever wondered if you could access the money in a 401(k) plan to use for other purposes before you actually retire? It is possible, but there are limitations to accessing money in any tax-qualified plan. You see, some of the money in these plans, is really the government’s money because you haven’t paid …

Continue reading “How To Cash Out On A 401k Plan”

Interest is often seen as a negative thing, but is it? Many people confuse interest with usury, but the two are distinctly different. Today on Wealth Talks, you will learn the difference between interest and usury, and how to use interest to your advantage. Also, Tom and John share the next big thing they see …

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Lady Bracknell, in The Importance of Being Earnest, said, “Never speak disrespectfully of Society, Algernon.  Only people who can’t get into it do that.”  Unfortunately, this axiom holds true for money as well.   Hermann Steinherr wrote, “Money is not everything, but reality is that money is something and it is the closest thing to everything, …

Continue reading “The Importance of Earning Money”

As Nerdwallet.com reports, “First there was LEAP, then there was Infinite Banking, also known as Becoming Your Own Banker. Now it’s Bank on Yourself by Pamela Yellen.” All of these books turned into viral life insurance strategies. In essence, each of these different sales programs attempts to accomplish the following by selling a permanent life …

Continue reading “The Problem with Bank on Yourself”

Was your question answered? A few weeks ago, Tom and John devoted an episode to answering questions from you, our listeners. But they didn’t get to all of them. This week, Tom and John are back to answer those questions. Also, check out the details for our upcoming LIVE event. Sustainable Wealth Seminar Sept 17-18th