Tom and John McFie talk about Universal Life, Variable Life, Indexed Universal Life, Whole Life Insurance, Equity Indexed Universal Life, Term Life Insurance, and Participating Whole Life Insurance. John shares how the policies are structured and Tom McFie shares his wisdom from years of experience in the Financial Arena. In this episode, you will learn …

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In today’s financial landscape, it’s common to encounter agents or brokerages advocating for premium financing to boost life insurance coverage. It seems like an attractive proposition, offering more protection without a hefty price tag. However, there’s a catch. When you rely on borrowed funds, there are always associated costs. It’s essential to thoroughly understand …

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Table of Contents: What Is Passive Income? 10 Passive Income Ideas To Build Wealth How Taxes Play Into Passive Income Using Life Insurance To Cover Assets Moving Forward Passive income stands as a crucial strategy in wealth accumulation and retirement planning. It operates as a means to generate earnings with minimal effort, akin to accruing …

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In days gone by many private companies could offer pensions that would actually support someone financially in retirement, but those days are gone and so are the pensions. The financial side of retirement is extremely uncertain, many mainstream retirement plans are mediocre at best and while the desire to retire persists among people, the …

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Table of Contents: Life Insurance Whole Life Insurance For Self Financing Personal Savings Home Equity Loans Investments and Securities Credit Cards Reasons to Choose Self-Financing Is Self-Financing Right For Your Business? 78% of small-business owners take the initiative to self-finance their businesses, utilizing their personal funds or assets for building the business. Self-financing a small …

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Table of Contents: What Is a Sinking Fund? Sinking Fund vs. Savings Account: What’s The Difference? Sinking Fund vs. Emergency Fund: What’s The Difference? Advantages of Sinking Funds How to Create a Sinking Fund How Many Sinking Funds Should I Have? Using Whole Life Insurance as a Sinking Fund Now What? Sinking funds! Ever wondered …

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Inflation is like a thief that never comes. It is good to protect yourself from inflation in every way you can. The bible says that if the man of the house knew what time the thief was coming he would be on the alert and not let his house be broken into. We know the …

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Nearly seven out of ten people look back at buying their homes and say, “Oops, I wish I hadn’t done that.” Surprising, right? Well, a whopping 68% express regret over their home purchase, mainly because they saw others suffer during the 2008 economic downturn and the following recession, and now they’re like, “Maybe I shouldn’t …

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George Clason, who wrote The Richest Man in Babylon, came up with the 10-20-70 Rule. In his book, he shares a story about an egg merchant who wanted to know the secret of the gold merchant’s success. The gold merchant was happy to share his secret because the egg merchant wasn’t asking for his gold …

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Many parents hope to offer a financial headstart to their children and even sometimes their grandchildren. From college savings to personal inheritances, parents often strive to establish generational wealth. However, generational wealth isn’t just about leaving an inheritance—it’s about leaving a legacy.  Effective financial planning is crucial to establishing generational wealth. Money is an important …

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