Wealth Standard Radio Podcast

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

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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

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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

How To Pass On Wealth To The Next Generation – Episode 162

August 31, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:36:46 0 Comments

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Patrick Donohoe sits down with Michael Isom, the author of What Would the Rockefellers Do? In this rare interview they are tucked away in the corner of the Houston airport and chat as two friends solving a problem. They quickly get into deep conversation and talk about habits, scarcity mindset and how to think wealthy.

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

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Show Notes

00:00 – Intro
03:45 – Mike talks about the lessons he’s learned from previous financial downturns.
06:00 – Principles govern, and learning those principles is essential.
09:15 – Being present is a life lesson in finance and personal life.
13:10 – Financial habits need to start right now or increased wealth will be worse.
17:12 – What are you doing on a daily basis to feed yourself and grow?
18:10 – Most people use the complete opposite tactics when getting out of a slump.
22:10 – Where are you stagnant in life and where can you grow?
26:30 – “Think Legacy” – Mike explains how to pass on wealth to future generations.
30:55 – Patrick almost went down in a plane crash and this near death experience helped structure his assets correctly.
35:15 – As a parent you know what’s best for your kids and knowing how to structure things correctly maintains that legacy.

Psychological Lessons from the Olympics for Life & Business – Episode 161

August 24, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:43:30 0 Comments

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Chances are, if you’re like most Americans, you’ve spent some portion of the last week watching the olympics. Now that the spectacle is dying down and we’re saying goodbye to the (summer) Olympics for another four years, what can we take away? On today’s episode of the Wealth Standard radio, our host Patrick Donohoe sits down to talk about the psychological lives of the competing Olympic athletes, and what we can learn from their attitudes and prepartion for our own lives.  

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

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Show Notes

00:00 Intro
00:44 Comparing Past Olympian to Today’s Olympians
05:31 The Olympic Upbringing
07:35 The Consistency of Human Progress
10:07 Lessons Learned From Michael Phelps & The Margin of Victory
15:42 Focusing on the Little Things that Make the Difference
18:11 How to Keep Pushing the Limit
21:04 Winners Focus on Winning, Losers Focus on Losing
24:41 The Preparation of Usain Bolt
29:58 IQ & EQ
36:11 Dealing with Disappointment
42:48 Achieving Fulfillment
43:21 Outro

How Not to be Fleeced on Your Automobile Loan- Episode 160

August 17, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:45:44 0 Comments

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Almost everyone needs to own or lease a car at some point of their life, but the sad truth is that the average individual loses $10,000 per car. How can you make sure that you buy or lease the right car for you, with the right financing to back it? Today our host Patrick Donohoe and guest Will Street sit down to talk about the economics of automobile loans, what’s going on in that industry today, and how to protect yourself from losing money or being suckered when financing a car.

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:

Get On Demand Access to ALL of the recordings from the Wealth Summit

 

Show Notes

00:00 Intro

00:15 Introducing Will of the Streets (Will Street)

02:20 Investment, The Big Short, & The Subprime Loan Industry

07:54 A Closer Look at the Mortgage Industry

09:53 The Potential for Mortgage Defaults

11:55 The Bubble in Student Loans & Automobile Loans

19:05 What to Do About This: Looking for CDO or ABA Defaults

26:06 What Happened in 2012?

29:08 What is Your Due Diligence Process

41:23 Looking at Three Different Ways to Buy a Car

42:02 How You Are Treated When You Show Up to the Dealership

45:37 Outro

Talking Negative Interest Rates with Matt Kerkhoff – Episode 159

August 10, 2016 Patrick Donohoe Podcast, The Wealth Standard 00:51:43 0 Comments

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What are negative interest rate policies for? Why are some banks considering implementing them? And do they really work? Today our hosts, Patrick Donohoe and special guest Matt Kerkhoff from Model Investing sit down to go more in depth about one of previous podcast topics, negative interest rates. Join them for an in depth discussion of the effects of current and hypothetical economic policies on your money and our nation’s money!

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:

Get On Demand Access to ALL of the recordings from the Wealth Summit

Show Notes

0:00 Intro

0:24 Introducing Matt Kerkhoff from Model Investing

8:35 What is NERP (Negative Interest Rate Policy)

9:59 What is the Philosophy of the Fed?

15:31 Why Wouldn’t it Working?

18:49 Are the Markets Ready for Negative Interest Rates?

22:07 Debt, Inflation, and Negative Interest Rate

23:01 Is it Possible to Run out of Demand?

27:15 Boiling Things Down

29:32 When Does the Day of Reckoning Come?

31:27 How Do You Know When To Start?

35:17 Are We Prepared for Deflation?

40:22 Preparing for Change

51:39 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.