The Wealth Standard

The Cash Flow Guys Talk About Infinite Banking – Episode 167

October 5, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:32:16 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

Tyler from the Cash Flow Guys podcast talks with Patrick Donohoe about Infinite Banking, investing, and getting your financial life in order. They also talk about the Cashflow Wealth Summit training event where experts in various industries teach valuable concepts about wealth and prosperity.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Show Notes

0:00 Introduction

0:28 Interview from The Cash Flow Guys Podcast

3:11 Patrick and Tyler talk about Infinite Banking

4:25 How infinite banking replaces your 401k and bank

6:47 The philosophy around The Wealth Standard podcast

10:25 How real estate investors and business owners can use infinite banking

13:55 There’s a lot of cash on the sidelines and how that may be hurting you

16:10 The human mind is your greatest asset and your greatest liability

18:35 Financial products need to align with your financial goals

21:30 Keeping your house in order is more important than investing

23:00 Why Patrick created the Cashflow Wealth Summit

Using The Tax Code To Avoid Taxes with Tom Wheelwright – Episode 166

September 28, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:57:36 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

In this episode Patrick released the audio recording from a special webinar he held with Tom Wheelwright, a Rich Dad Poor Dad Advisor. Tom explains the tax code, how to protect your assets and the fastest way to gain more wealth.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Show Notes

0:00 Intro

1:12 Webinar intro with Tom Wheelwright

2:23 Using the tax code to avoid taxes

4:04 Why is the tax law so complicated?

5:12 The tax law is nothing more or less than a series of incentives

7:49 The difference between the IRS and the tax law

10:59 Taxes are a punishment for the uneducated

12:45 The 5 categories of government policy

20:41 Why paying zero tax is more beneficial to the economy

23:15 The role insurance plays in being tax free

27:16 Talking about the two layers of incentives

30:18 How the tax law is a series of incentives for business owners

32:58 Most tax advisors assume you’re going to retire poor – how to avoid this problem

36:45 Taxes and insurance are the only two cashflow vehicles we can control

40:50 People should be able to understand taxes and keep it simple

44:20 Financial education separates the rich from the poor

50:41 Tom explains how he’s able to come up with thousands and thousands in tax savings

52:04 Don’t ever think “I can’t” or “that’s impossible”

54:26 You have to change your mindset to “how can I do that?”

Why The Federal Reserve Should Matter To You – Episode 165

September 21, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:37:53 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:


Do you think about the federal reserve often? Chances are, probably not…but maybe you should! Today our host Patrick Donohoe sits down to talk about federal reserve policy and goals and why it should matter to you.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

Show Notes

0:00 Intro

0:32The Cashflow Wealth (Mini) Summit: Real Estate Investment

3:19 What’s Going on This Week With the Federal Reserve

6:11 Why Do They Have These Meetings?

7:38 What is the Purpose (Original and Current) of the Federal Reserve?

9:49 What’s the Problem with Their Policy?

13:19 How Does This Affect People & Business Owners?

17:05 What Do These Policies do to Student Debt & Universities?

23:31 How This Is Going to Play Out

26:18 How To Prosper In This Environment

32:07 Something is Brewing Right Now

33:21 Human Life Value – The More You Know The More You’re Worth

Wells Fargo Fires 5,300 Employees and Fined $185 Million – Episode 164

September 14, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:33:51 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

Is this the first signs of banking collapse? In this episode Patrick Donohoe and Chad Hanson talk about the Wells Fargo fraud and how the banking injustice is affecting the American public.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

 

Show Notes

00:00 Introduction
00:51 Wells Fargo’s latest banking disaster
01:58 The ethics double standard of big banks and normal people
02:40 Wells Fargo agrees to pay $185 Million which is $10 per $100k
03:56 How the banking stimulus is affecting liquidity and consumer trust
06:09 Banking 101 and how banks are crumbling under pressure
08:42 Why people are saving and not spending
10:38 Looking back at pre stimulus rates
11:56 “Sandbagging” – How the American taxpayer gave the banks a 45% increase
17:21 What will happen to their share price?
20:52 Carrie Tolstedt, the leader in charge walks away with a $125 Million bonus
23:27 Banking injustice and how the public always suffers
24:18 Regardless of your investments you still have taxation that can change
27:31 Tax deferral is not your friend – it’s your enemy
28:59 The Wealth Perpetual Strategy – storing your wealth without traditional banking
31:12 The Mises Institute YouTube channel
31:49 Inside Job, The Big Short, Money for Nothing, Too Big To Fail are films worth watching

The Big Names Using Life Insurance as a Win-Win Contract and How You Can To – Episode 163

September 7, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:39:35 0 Comments

Podcast: Play in new window | Download

Listen to the podcast here:

 

Why did the University of Michigan loan Jim Harbaugh millions of dollars to pay an insurance premium? Today our host Patrick Donohoe sits down with Will Street to talk about the increasing prevalence of life insurance policies in multi million dollar contract, and how using life insurance as a win-win strategy can benefit ordinary people, not just millionaires.

Tune it to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter, Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

Links & Resources from this Episode:

 

Show Notes

00:00 Intro
02:28 Patrick Talks About The Importance of Life Insurance Policies to Sports Compensation Packages and Other High Level Contracts
08:41 Why We Should Be Seeing an Insurance Policy as a Contract
11:17 How Universities Use Life Insurance Policies to Make Sure That Everyone Wins
14:18 Why You Don’t Have to Be A Multimillionaire to Apply This Strategy
15:32 What About the Person Saying “This is a Stupid Thing to Do” – Do They Have A Good Argument?
17:09 How People Misinterpret This Strategy & The Importance of Having An Open Mind
24:00 How Paradigm Life Works
26:09 Utilizing Vehicles That Will Not Demise Because of a Market Correction
31:42 How Education Changes Are Financial Future
34:07 Capturing a Return
39:22 Outro

About the host

Patrick Donohoe

Patrick Donohoe

CEO Paradigm Life

Patrick is the President and CEO and started Paradigm Life in 2007 after learning from his mentor Kim Butler about financial strategies outside of Wall Street.

With a background in economics and marketing, Patrick immediately realized the opportunity to teach investors, business owners, professionals and families on a large scale using modern digital media and communication technology. Since 2007 Paradigm Life has worked with thousands of individuals in all 50 states.