The Land of Possibilities: Recent Episodes
Joel and Colton McGriff at The McGriff Alliance
What matters most to you? We often hear it’s about family, faith and providing for future generations. This father and son podcast reminds you of the evening stories you hear while sitting back in a rocking chair on the front porch. The conversations are beyond talk of the stock market and more about the legacy you want to create. Truly, it’s a new perspective on how to see and enjoy this incredible land of possibilities in front of you.
Dive into the certainties of life with Colton & Joel McGriff as they bring a fresh perspective to life insurance and financial planning. Discover how understanding life's guarantees can shape a secure future. Tune in for insights that go beyond the norm. Worth every minute!
Highlights:
- Discussing the inevitability of death and its impact on life and faith.
- Guarantee as a "dirty word" in financial industries contrasted with life insurance certainty.
- Personal anecdote of attending a church retreat and a baptism, tying into themes of life and community.
- Reflecting on mortality while walking in a cemetery, connecting to life insurance planning.
- The uncertainties of life span and the importance of planning for any outcome.
- Utilizing life insurance guarantees to create financial certainty for families.
- The simplicity of life insurance planning and its connection to actuarial science.
- Focusing on what matters in client relationships beyond financial market fluctuations.
- Being proactive in financial planning to capitalize on market opportunities.
- Reviewing the tombstone exercise as a means to address guaranteed aspects of life and influence unknown variables in financial planning.
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Ever wondered why someone might travel 4 hours to a vet? In this heartfelt episode of 'The Land of Possibilities,' Joel McGriff shares his journey with his elderly dog and the exceptional care they received from a holistic vet. A tale of love, health, and going the extra mile—literally. Tune in to discover how thorough care can make all the difference, both for pets and financial planning.
Highlights:
- Driving hours for a holistic vet's care.
- Seeking a vet who provides thorough attention and care.
- Relating veterinary care to financial planning philosophy.
- The importance of addressing the root cause, not just symptoms.
- The frustration with short-term solutions in finance and healthcare.
- Personalizing financial plans to individual goals.
- Drawing parallels between pet care and client financial care.
- Learning from a child's persistent questioning to understand root causes.
- The commitment to finding professionals who align with personal values in all aspects of life.
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton and Joel McGriff explore financial uncertainties in the market, particularly the implications of the Austrian business cycle theory. They caution that the Federal Reserve may be overusing expansionary monetary policy, potentially leading to a market crash. They critique the common tendency to resort to fear-driven financial strategies, which can limit investment opportunities and incur surrender charges. Instead, they propose the infinite banking concept as a solution to maintain control over personal finances and yield potential opportunities despite economic downturns. Their skepticism extends to the efficacy of the Federal Reserve's current policies, fearing an overextension leading to a financial bubble.
Highlights:
- Comparison of the current situation to a helium balloon that is overinflated and ready to burst
- The historical financial issues and inflation
- How practicing the infinite banking concept can put one in a position of cash and power
- Story of seeing a past investment opportunity but not having the capital to do so
- How preparedness and optimism contribute to a happier mindset
- How to instill financial wisdom to their child at an early age
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton and Joel McGriff discuss Parkinson's Law in relation to financial management, explaining that income can often increase alongside expenses. They relate financial decisions to opportunity cost, using Colton's personal situation of selling a car to afford a new bike as an example. Additionally, they discuss the practice of tithing as a means to promote abundance rather than scarcity. The hosts urge listeners to apply these principles to their own lives and look forward to future episodes.
Highlights:
- The impact of targeted advertising on spending habits and Parkinson's Law
- Colton’s personal example of trying to accommodate the expenses related to a forthcoming triathlon
- Making the decision to cut back on some luxuries to accommodate new expenses, such as selling his Tesla to buy a cheaper car and better allocate funds for a bike and a swimming coach
- How his decision was guided by examining the opportunity cost of his choices
- The importance of a frugal mindset and making informed decisions for day-to-day expenses
- The tendency to fall into a scarcity mindset when strict budgets are enforced
- Various life cycles to provide a more comprehensive understanding of Parkinson's Law
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton McGriff and his father, Joel McGriff, discuss their approach to challenging assumptions in different areas of life and finance. They do not believe in strict adherence to established norms, whether it's diet or financial decisions; they prefer a plant-based diet but are not strictly vegan, and instead of traditional forms of savings like 401ks and 403Bs, they use a whole life insurance policy for financial stability. Their strategy is always being open and curious, exploring different beliefs and practices, and aligning choices with personal values. Joel emphasizes a philosophical approach to finances by focusing on desired outcomes and necessary processes to achieve them. Their experience and willingness to engage in discussions make them valuable resources in exploring new dietary and financial strategies.
Highlights:
- Adhering to a plant-based diet and stereotypes associated with being vegan
- Challenging preconceived notions and assumptions based on upbringing
- How the dilemma of killing an animal for meat centered on Joel's love for animals
- Colton's decision to be a 'vegan hunter'
- The importance of questioning financial information and decisions for maintaining control and ensuring plans go as desired
- The value of certainty in the increasingly uncertain finance world and the need for curiosity and questioning
- How Colton observes a philosophical shift in Joel's approach to finance, moving toward consideration of desired outcomes rather than strict numbers
- Their goal as financial coaches is to help clients align finances with what matters most to them
- How Joel's recent introduction to grandparenthood has made him more reflective about each life stage, influencing his coaching approach
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton McGriff and his father, Joel McGriff, emphasize the value of proactive decision-making in personal finance and health. They highlight personal responsibility over relying solely on advisors. They also promote analyzing personal data to guide decisions, viewing capital as a positive energy source impacted by each decision. Speaking from personal experiences, they apply this approach to manage health risks as well.
Highlights:
- Colton stresses the importance of active pursuit of opportunities coupled with capital
- His personal learning journey in real estate and the importance of seeking out and preparing for opportunities
- The role of data in personal life and business, using data to improve workouts, nutrition, health, and business strategies
- Knowing when they might die based on their lifestyle and habits, and whether they would want that kind of information
- The inability to predict the stock market even in the short term
- Personal learning experiences in business
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton McGriff and his father, Joel McGriff, discuss the differences in travel styles among family members and correlate these variances to how people approach financial planning. They refer to the contrast between being detail-oriented planners and being spontaneous decision-makers. The podcast then delves into the concept of ‘Infinite Banking’, a financial strategy involving whole life insurance policies. They link the detailed planning method to those individuals who want to know precisely how their savings are growing at each life stage.
Highlights:
- The differences and similarities between stress-free trips from trip preparation to pre-planning
- Detailed planned trips versus spontaneous trips
- Similarities of financial planning with travel planning
- The different styles of financial planning
- Importance of proactive financial planning
- The benefits of having a liquid asset for fast decision-making
- Comparison between financial planning through Infinite
- Banking and traditional financial planning
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton McGriff discusses his recent fitness journey, motivated by a challenge set by his MS specialist. Colton was warned that without the recommended pharmaceutical treatment, he would be in a wheelchair within ten years. However, in defiance of this prognosis, Colton decided to set a goal to run a 100-mile ultramarathon within that time frame. Through consistent training, Colton has seen significant improvements in his health and physical fitness. The key to his success, he suggests, has been a strict discipline to his training routine, not allowing for any slip-ups or excuses. The discussion leads to a philosophical conversation about setting goals and maintaining commitment, drawing a parallel to financial independence and gaining control of one's banking system.
Highlights:
- Colton’s motivation for running
- How his initial motivation from spite has transformed into personal growth and reaching his potential
- The ideas of what you'll regret later in life
- The importance of setting and attempting to reach goals
- MS diagnosis and how it led to a commitment to change diet and lifestyle
- Benefits of monitoring progress with wearable technology and comparing the data to see his improvements
- The importance of consistency and the outsized returns of a systematic approach in reaching long-term goals
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
Colton McGriff and his father, Joel McGriff, discuss a shift in their podcast's content. They recognize the importance of sharing more personal stories, moving away from primarily discussing the concept of 'Infinite Banking'. Colton and Joel use the analogy of a peanut butter and jelly sandwich to illustrate their content plan, with Infinite Banking being the 'peanut butter', or the core topic, and the 'jelly', or personal stories, adding balance to the conversation.
Highlights:
- The peanut butter and jelly sandwich analogy representing the infinite banking
- Copperhead snakes in Alabama
- Professional snake relocator becomes a mentor, passing on techniques and tools for snake handling
- Why you should not disturb the nature chain and respect all forms of life
- Being aware and how it can change our perceptions over time
- The podcast's foundation of spreading awareness about issues in finance through life experiences
- Process of religious learning with their journey in understanding nature
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify
This podcast episode features Colton McGriff and his father, Joel McGriff. They discuss the importance of the concept 'Begin With the End in Mind', a phrase borrowed from author Stephen Covey. Originally applied to estate planning, the philosophy is applicable across many aspects of life and emphasizes the importance of premeditation. Joel explains how starting to think about estate planning made the phrase more significant to him as he grew older. His journey in understanding its essence involved a retreat where he was taught through Covey's seven steps and led to various introspections.
Highlights:
- Estate planning and life insurance as examples of the philosophy and how it applies in those scenarios
- Reflection on past decisions and the potential impact of having a long-term perspective
- The importance of continuous learning, application, and evolution of understanding for continuity
- Joel shares his early experience in managing family finances, providing a practical perspective on teaching the next generation
- The steady learning curve in implementing Infinite Banking Concepts, evolving understanding, and the need to evaluate new financial products and ideas critically
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
This podcast episode features Colton McGriff and his father, Joel McGriff, discussing investments, economies, and how the Infinite Banking Concept (IBC) affects their monetary decisions. The duo uses their experience in discussing real-estate investments, specifically during and after the 2007-2008 financial crash.
Highlights:
- How investment strategies have changed over time
- The impact of timing on investment decisions
- The difficulty in predicting when the best time to sell or buy is
- Danger of blindly believing advice from realtors or other figures who would likely advocate for their own interests
- The concept of 'guaranteeing a future event'
- How knowing about IBC (Infinite Banking Concept) would have affected Joel's decision on a 15-year mortgage and a 20% down payment on a real estate property
- The concept of storing up capital for future financial opportunities
- A shift in perspective from viewing life insurance as an investment to a place for storing money
Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The father and son duo of Joel and Colton McGriff is back with their review of the book, Becoming Your Own Banker, discussing the cost of acquisition in the fifth edition of the book.
Together, they share the importance of the cost of acquisition and why it is essential to understand and consider the topic. Joel and Colton also talk about the concept of infinite banking and the need to be in control of one’s own money and financing.
Highlights:
- Exploring the cost of acquisition in the book, Becoming Your Own Banker
- What is the cost of acquisition?
- The story of success: Lee Iacocca and Chrysler
- Understanding the opportunity cost of saving a company
- Benefits of infinite banking
- Practicing the policies of infinite banking
- Challenges of obtaining financing from banks
- Higher rate of return and protection of your loved ones thru infinite banking
- The many benefits of family banking systems Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher
It’s a brand new year!
What’s your goal for 2023? Have you started hitting your New Year’s Resolution already?
In this episode of The Land Of Possibilities, Joel and Colton McGriff discuss how to think bigger and push beyond your limits. They talked about how it is possible to break through mental barriers and use challenges as advantages. Joel and Colton also narrow down the importance of getting out of our own comfort zone and pushing ourselves to reach our goals.
Highlights:
- The newest addition to the McGriff family
- New Year’s Resolutions: Simplifying the complexity of healthy living
- Health goals for 2023
- Exploring the benefits of infinite banking
- The power of truth: Health, finances, and life goals
- The power of pivoting
- Thinking bigger and pushing beyond limits
- Breaking through mental barriers
- Using challenges as advantages
- Getting out of our own comfort zone Resources and Links:
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
Call To Action: FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts Follow on Spotify Listen on Stitcher
When is the best time to start planning and preparing for taxes? Is it better to start planning early or should you wait until you get a heads-up from your accountant or financial advisor?
For today’s episode, Joel and Colton McGriff discuss the best time to start planning and prepping for your taxes in the future year. They talk about the importance of the multi-generational aspect of taxes and how it can change the way different people in different life stages address situations. They also share some basic tax strategies that they have each used or that Colt is following and watching to learn from.
Joel and Colton also mention the importance of having a coach in different areas of life. They say that successful coaches are the ones that are willing to adapt and that everyone needs a coach in order to help them reach their goals.
Highlights:
- Tax strategies that Colton and Joel are following that they were able to implement successfully and screwed up
- Is having a coach essential?
- The benefits of tax planning with IBC
- Why you should start an early tax planning
- Dangers of allowing the government with too much control
- Seeing tax strategy as a solution to inflation
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
If you're like most people, you probably have a mortgage. And if you're like most people, you probably hate your mortgage. But the big question is: should you pay it off early?
It's a tough question to answer, and there are pros and cons to both sides. Paying off your mortgage early means that you'll be debt-free sooner. On the other hand, it also means that you'll have less money to invest.
For today’s episode, Joel and Colton McGriff discuss the benefits of paying off your mortgage early. They also talk about the reasons why some people are making the decision of paying off their home loan quicker than their agreed-upon term. In addition to this, Joel and Colton McGriff share what delayed gratification means and how you can start practicing it.
Highlights:
- Should I pay off my mortgage if I have a low-interest mortgage right now?
- Why are other people paying off their mortgage quicker than the agreed-upon term?
- How can you start paying off your mortgage?
- What delayed gratification means and how you can start practicing it?
Resources and Links:
https://www.themcgriffalliance.com
colton@tmafamily.com
kierson@tmafamily.com
joel@tmafamily.com
Phone: 205-991-4448
Call To Action:
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
There are several reasons why someone might want to take out a policy loan. Maybe you have an unexpected medical expense or need to make a large purchase and don't have the cash on hand. Whatever the reason, a policy loan can give you access to the money you need without having to go through a traditional bank or lender.
For today’s episode, Joel and Colton McGriff talk about the deeper connection between policy loans and the banking process. They discuss how you can start shifting your mind in viewing a policy loan in a non-negative way. Additionally, Joel and Colton share how beneficial it is to borrow the cash value of your life insurance and make infinite banking work.
Highlights:
- What the banking process is
- How to shift your mind to view a policy loan in a non-negative way
- How Joel and Colton started implementing infinite banking
- What a policy loan is and how it acts
- How is it beneficial to borrow again your cash value in your life insurance
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
As the federal reserve is printing more money and other countries are struggling with their own economic issues, what does this mean for real estate? Some experts believe that we could see a sharp decrease in prices, as people scramble to unload assets. Others believe that now is actually a good time to buy real estate, as prices may not fall as much as some expect.
For today’s episode, Joel and Colton McGriff discuss the trends in buying real estate. They point out the different variables to consider before deploying any capital. Additionally, Joel and Colton talk about the importance of doing your own research before making any decisions: There are several deals out there, but you need to know what you're looking for.
Highlights:
- What the trends are in buying real estate
- What the results from the anecdotal research on Zillow shows
- How the federal reserve deals with the inflation
- What happens to other countries as they face the inflation
- What kinds of deals there are in the mobile home type facilities
- What different variables an investor or buyer should look at before deploying any capital
Resources and Links:
https://www.themcgriffalliance.com
colton@tmafamily.com
kierson@tmafamily.com
joel@tmafamily.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Today’s episode is very special as Colton is joined by his wife, Leigh Anne McGriff. Together, they recall what lessons Colton tried to teach Leigh Anne and how she learned more about IBC and the practice. Leigh Anne shares how, at one point in her life, thought about borrowing money as a bad habit, and why a lot of people are also thinking the same.
Highlights:
- What it really looks like: How Leigh Anne learned more about IBC
- What lessons Colton tried to teach Leigh Anne
- What are the other ways that your money can work
- How people see borrowing money as a bad habit
- Why money should flow
- Where does Leigh Anne think IBC is going
- How IBC can affect the banking power of those practicing it
- What the possible roadblocks are when you’re learning about IBC
Resources and Links:
https://www.themcgriffalliance.com
colton@tmafamily.com
kierson@tmafamily.com
joel@tmafamily.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
When it comes to your 401k plan, there are a few common questions you should ask yourself. How much risk are you willing to take? What are your investment goals? And how long do you plan on working?
But is it really a requirement?
For today’s episode, Joel and Colton McGriff focus on the 401k plan: What are the common questions you should ask yourself when it comes to these investments, how they started, and why you should pay for them? They also argue whether it is a requirement or a choice. Joel shared the main reason why he stopped putting money into his 401k plan and why others are following his practice. Together, Joel and Colton also dive into the other ways how we can better guard ourselves against the inflation scare.
Highlights:
- What the common questions should ask yourself when it comes to your 401k plans
- Why Joel decided to stop putting money into his 401k plan
- They history: How the 401k started
- What are the differences between the year now and back in 1978 in terms of the economy and the future in terms of the US debt load
- How can we better guard ourselves against the inflation scare?
Resources and Links:
https://www.themcgriffalliance.com
colton@tmafamily.com
kierson@tmafamily.com
joel@tmafamily.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
In this episode, Joel and Colton McGriff dive into The Retirement Trap, which is mentioned on pages 66 and 67 of the Becoming your own banker book by Nelson Nash. Joel and Colton explain the content inside those pages and give you their valuable point of view.
Highlights:
- What’s the first thing that comes to your mind when you hear The retirement trap
- What Nelson talks about The retirement trap
- When Nelson talked about social security
- The 401k system
- How we handle retirement
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Are we really in a recession? Should people start worrying about what’s happening in society right now?
Colton and Joel McGriff continue with their discussion of the topics of IBC and the generational IB Practice. They argue whether we are in a recession right now and if people should start worrying about the days to come. They also share the biggest things they are seeing in the market right now and what connection it has with insurances, policies, and managing your financial capabilities. Colton and Joel discuss how the banks operate and how you can implement them in your own business and why you should not be afraid to capitalize.
Highlights:
- What is going on in society now: Are we in a recession?
- What is the biggest thing that Joel sees right now in the market
- Why Walmart issued lower profit estimates
- What a recession is
- What happens when the death benefit comes from the first policies on the first generation
- How the banks operate that you can implement in your own business
- How a family can benefit from IBC being implemented for the second generation
- Why you should not be afraid to capitalize
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
If you are in debt, should you still continue investing and putting your money into life insurance?
Colton and Joel McGriff continue with their discussion of the topics of IBC, infinite banking, and the teachings of R. Nelson Nash. Together, they talk about how the book and the author argue why you should start getting out of debt now. They also share their stand on the limit of your financial capabilities, especially if you have other money obligations. Colton and Joel discuss how insurance can help resolve your issues with your finances, but the biggest step should start with YOU.
Highlights:
- How to start if you’re currently in a certain amount of debt
- Why should you start right away
- When the best way is to get out of debt
- Is there a limit to your financial capabilities?
- What the power of coaching is and why do we need it
- What the steps of IBC are
- To learn the basics of financial literacy, what are your two jobs?
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Is it easy, even for beginners, to start practicing the concept of infinite banking?
Continuing with their discussion from the previous episode, Colton and Joel carry on the topics of IBC and infinite banking. They talk about how and why inflation happens and who can fix it. Colton and Joel also share how insurance can help solve the problem of inflation, as well as the reason why big names in the financial and business worlds want to have their own insurance companies.
Highlights:
- What concept of IBC is
- What happens when you stop asking “why”
- How inflation happens and who can fix it
- How to utilize insurance as the solution to the problem
- The reason why big names in the financial world wants to own an insurance company
- Why they are trying to spread awareness of the mechanics that will allow them to do two things at once
- The best thing to impart on anybody who wants to know what infinite banking is
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
As more and more people are getting familiar with the concept of infinite banking, it is important to know the basics.
To give the listeners a glimpse behind the concept, Colton and Joel McGriff introduce what infinite banking really is. They talk about how they began with the practice, as well as how beginners should get started with it, by learning from their experiences. Colton and Joel also share the common practices and the tool of infinite banking that can help you become your own bank.
Highlights:
- What excites Joel in traveling in Birmingham
- The reason behind getting a dog coach
- What infinite banking is
- The way that typical financial planning or typical finance is done
- The common practice before making a major purchase
- The tool of infinite banking to help you become your own banker
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Are you already out of your comfort zone? Or are you letting fear take over all the time?
Colton and Joel McGriff continue to the tenth part of talking about the book: Becoming Your Own Banker. Together, they talk about how the book and the author stand the test of time by teaching applicable stories of the market flow.
How do we become bankers that understand what's going on behind the curtains? To become one, you must spend your time wisely and know your why in the business.
Highlights:
- Stretching imaginations out for business: What is equipment financing?
- The capitalization period
- Breaking away from fear and going out of your comfort zone
- Benefits of 10-hour seminar and plan implementation
- Having varied investments
- Using your banking system
- How the book and Nelson surpass the test of time
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
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What factors influence your purchase decisions? Is your spending behavior different when it comes to buying your daily needs versus your insurance, your house, and other properties?
Colton and Joel McGriff continue to the ninth part of talking about the book: Becoming Your Own Banker. Together, they talk about how most people usually decide on making their purchases. They also discuss the differences between leasing, banking, and CD methods. Colton and Joel also mentioned their favorite parts and quotes from the book.
Should you take the risk to get a better return? It’s up to you. You have to be the master of your own financial decisions.
Highlights:
- What Colton and Joel think about when they look back at the book and keep rereading it
- The first thing that you see when you’re looking at the expenses of the average American household
- Isolation as an investment decision
- The difference between the leasing, the banking, and the CD methods.
- How you can start financing your own
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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Do you believe that your reality is the truth? Are you sure you have the proper perspective on the current happenings?
In this episode, Colton and Joel McGriff play a fact or crap game to pick up where they left off in their last episodes about inflation. They will try to tell whether the media releases facts or crap statements regarding inflation. Topics regarding the conflict between Russia and Ukraine and its economic implications are also part of their discussion. Inflation, in our perspective, is negatively affecting lives.
Yet, little did we know that our reaction to the dollar's devaluation depends on the amount of control we have over the banking function in our lives. Tune in to learn more about figuring out ways to look out for opportunities.
Highlights:
- The truths behind media information on inflation
- Global economic implications of Russia-Ukraine war
- What indeed causes inflation nowadays
- How to take control of your life by establishing a personal banking system
- How inflation affects both rich and the poor
Resources and Links:
https://www.themcgriffalliance.com
colton@tmafamily.com
kierson@tmafamily.com
joel@tmafamily.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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What’s the situation of inflation like in the past? Did the government show support to its people?
This episode is like a blast from the past as Colton and Joel McGriff talk about Joel’s experience with inflation back in the day. He narrates the situation of how it is like living in the past where the money’s value is really low, no matter which part of the world you are in. Joel also mentions how the government dealt with inflation. This episode also clarifies the infinite banking system and the importance of understanding the issue: If you understand the problem, you’ll know what to do.
Highlights:
- History always repeats itself if you don’t learn it. - 0:23
- Is inflation calculated lower so it won’t seem as bad as it really is? - 1:39
- Realization about inflation: Joel’s experience back in the day. - 2:51
- What is Joel referring to as other nations and why are they a big deal? - 4:57
- The Volcker moment. - 8:47
- During inflation, if all the money is going to interest payments and entitlements, where does the money come from? - 10:31
- There’s not a perfect solution. - 14:11
- It’s a lot easier to stick to your guns today in terms of being in the infinite banking system. - 14:39
- The infinite banking concept. - 15:37
- If you understand the problem, you’ll know what to do. - 17:53
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
- Subscribe on Apple Podcasts
- Follow on Spotify
- Listen on Stitcher
As inflation rises, the value of money diminishes quickly. You would need to pay more for the goods and services you’re getting. But how does inflation affect you?
In this solo episode, Colton talks about a very important topic: Inflation. He discusses the meaning and the concept behind the topic and why it happens. He also shares how the Austrian economic thinkers treat inflation, banking, and insurance. This episode addresses the importance of pre-planning and why we should follow the examples set by the Austrians.
Highlights:
- The main topic of today’s episode: Inflation. - 0:23
- How do you define inflation? - 2:32
- The definition of quantitative easing. - 3:05
- Why does inflation happen? What is it? How can we solve that? - 6:07
- Actionable items from Nelson about life insurance. - 10:16
- Why should you treat banking and insurance like Austrian economic thinkers? - 12:45
- Pre-planning how to handle macro events. - 16:24
- What to expect in the next podcast? - 16:56
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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A lot of people have been misinformed about insurance. Before buying one, it is vital to understand its value and purpose.
Colton and Joel McGriff proceed to part eight of Becoming Your Own Banker. They discuss the overview of how insurance works. Many people have been told that an insurance policy is a must-have. To increase the demand, the industry and some financial advisors flood countless bits of misleading information. This episode addresses the wrong notions about insurance, the different types of insurance policies, and the process of building a solid banking system.
Highlights:
- Life Expectancy and The Mortality Table - 0:57
- A solid system - 2:25
- Infinite bank concept way of cash storage vs. buying a savings accounts - 3:58
- The paradigm shift: replacing the wrong connotations about insurance - 5:10
- The disconnection, the banking function, and death benefits as a bonus - 7:18
- The hold-up: the constant stream of misinformation from the industry - 9:52
- Different types of policy you can buy - 11:00
- Modified Endowment Contract (MEC) Line - 12:16
- Benefits of a paid-up additions rider - 13:27
- Two parts of insurance contract - 14:16
- Changing the mindset on insurance premiums - 15:42
- Connect with companies that are mutual for years already - 17:07
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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Have you ever wondered why your expenses increase directly proportional to your income? This dilemma is just at the tip of the iceberg of the plethora of existing human problems.
Colton and Joel McGriff proceed to part seven of Becoming Your Own Banker. They discuss why it is essential to outline human problems first before delving into the next step. Failing to address human issues early will make the rest of the plan lose its essence. This episode dissects the five major human problems with the help of pre-existing schools of thought, analogy, and imagery. These principles will lead you to understand the mechanics of an infinite banking system.
Highlights:
- The significance of addressing human problems first - 0:15
- Five major human problems that we should be aware of - 1:08
- Understanding Parkinson's Law - 1:33
- The Famous Bank Robber: Willy Sutton and his law - 4:53
- A new scheme and its pitfalls - 8:03
- The Golden Rule: Those who have the gold make the rules - 9:56
- The Shakespeare Analogy: the world's a stage and people are actors, be in control - 13:06
- The Rival Syndrome: dreaming of eternity and expanding horizons- 15:04
- Use it or lose it?: developing new habits - 17:57
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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In this part 6 of the series of the Nelson Nash Becoming your Own Banker book, Joel and Colton McGriff talk about pages 26 and 27 and review what they said in the first five episodes of the series. They also talk about the idea of financing what you buy.
Highlights:
- Financing what you buy - 1:06
- How many times have you read this book? - 2:08
- Understanding the problem and knowing what to do - 3:14
- Why using life insurance - 5:12
- Being a customer and the owner at the same time - 11:33
- Getting more comfortable - 14:23
- Having a vision on what to do - 16:02
- The process of banking - 16:39
- What’s coming on the next episode - 19:00
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
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How to Listen:
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Colton and Joel McGriff dig into part five of Becoming Your Own Banker. They talk about how the most important part of the entire book is right here, pages 21 through 25: Creating your own banking system through dividend-paying life insurance. Learn how banks operate in this episode!
Highlights:
- A section of the book that we need to re-read - 0:48
- The very first principle that needs to be understood - 3:03
- How to think when it comes to budget - 8:07
- Why the whole system is so beautiful - 9:30
- Nelson teaches a lot of analogies in his book - 11:25
- Implementing the Infinite Banking concepts - 13:06
- Having a bank to rely on - 19:34
Resources and Links: * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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In continuation of the book review, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker and how it connects to society today. They talked about fractional reserve banking and how bankers are making speculative investments. Colton and Joel also discussed R. Nelson’s concept of cogeneration and how to share their knowledge with the next generation even if what they have been told wasn’t true because they’re taught of the higher system.
Highlights:
- One of their favorite things about what they’re doing right now. - 0:56
- Creating a bank like the ones you already know about. - 3:04
- Learning about his background from his Economics class:
- Fractional reserve banking. - 5:16
- The perfect example of bankers that are taking speculative investments. - 7:22
- Figuring it out: How do we shift to the point where we can take ownership of how the banking system works in our family’s life? - 8:43
- The concept of cogeneration. - 9:01
- A banker cannot make a loan unless he has a deposit. - 10:31
- What have we been told that wasn’t true that we thought were true because we’re taught of the higher system? - 13:56
Resources and Links:
- Becoming Your Own Banker
- https://www.themcgriffalliance.com
- colton@tmafamily.com
- kierson@tmafamily.com
- joel@tmafamily.com
- Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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Continuing with where they left off the last episode, Colton and Joel talk about for them what is the most important part of the book Becoming Your Own Banker. Together, they state the reason why they are drawn not only to the book but also to the analogy that R. Nelson used. They also discuss why most financial conversations and misconceptions are wrong.
Highlights:
- Why Colton and Joel are drawn to the book and analogy. - 1:30
- John 5:6 - 1:51
- Understanding the breakdown. - 3:28
- 86% of every dollar goes to the cost of financing. - 6:21
- Why does Joel like R. Nelson’s storytelling style and analogy? - 11:14
- Understanding why most financial conversations around the water cooler are wrong. - 11:58
Resources and Links: * Becoming Your Own Banker * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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In continuation of the book review, Colton and Joel carry on sharing their insights about Becoming Your Own Banker. They focus their discussion on one of the many analogies in the book: The concept of the grocery store. Colton and Joel also bring the topic of building a system of bringing in more income without increasing the amount of time you need to do it and why more people are interested in paying low-interest rates.
Highlights:
- You know you have a good book when it's worn more than others because you’ve read it so many times. - 1:19
- 5% of people think. 10% of people think that they think.
- 85% of people would rather die than think. - 3:38
- One of the many analogies in the book: Talking about the grocery store. - 6:30
- Why is the habit of doing the right thing important? - 12:39
- Building a system of bringing in more income without increasing the amount of time needed to do it. - 15:51
- The habit: The reason why we always want to pay the lowest interest rate is that we know we’re never gonna see that money again. - 19:03
- The need for financing for the typical person is extensive. Really all this book adds to the equation is scale. - 21:21
Resources and Links: * Becoming Your Own Banker * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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Colton and Joel sit down to talk about the book, Becoming Your Own Banker. They also talk about the concept of infinite banking: The more you learn about new ideas and new things, the more you come back to the concept. Colton and Joel also cite different resolutions and realizing that everything that you know now could change tomorrow: You should be willing to adapt to it.
Highlights:
- The more you learn about new ideas and new things, the more you come back to the concept of infinite banking. - 0:56
- What makes reading the first few pages of the book exciting? - 2:05
- The problem in America isn’t so much what people don’t know. The problem is what people think they know that just ain’t so. - 7:03
- The lever goes the other way. - 11:13
- The solution and the saving grace for Nelson. - 14:06
- Realizing that everything that you know now could change tomorrow. You should be willing to adapt to it. - 17:22
- You can have your own starting point: It depends on your current situation. - 19:46
- What do you need to do? - 21:23
Resources and Links: * Becoming Your Own Banker * https://www.themcgriffalliance.com * colton@tmafamily.com * kierson@tmafamily.com * joel@tmafamily.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
- Subscribe on Apple Podcasts
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Joel and Colton McGriff give us an update about where things have been and where things are going in business and life. They have a new member of their team: Colton’s sister! A new member of the team that gives a new perspective.
Highlights:
- A new addition to the team - 2:18
- Designing a strategy that makes sense - 3:46
- The Tax Code is a puzzle - 4:03
- Raising a new puppy and a newborn baby - 10:21
- A new puppy is their lives - 15:26
Resources and Links: * https://www.themcgriffalliance.com * joel@themcgriffalliance.com * colton@themcgriffalliance.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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Joel and Colton McGriff talk about a topic that has been in our heads during this time and they ask “How does inflation affect my decisions?” Check out their answers in this special episode.
Highlights:
- A story about Richard Nixon’s presidency - 1:00
- The first exposure to the money markets - 2:30
- The confiscation of gold - 4:49
- The fear of COVID - 6:56
- Controlling inflation? - 7:28
- Is inflation a problem? - 10:17
- What was Nelson Nash trying to teach us? - 13:34
- Nelson Nash provided us with a roadmap - 15:43
- The Infinite Banking Solution - 18:45
Resources and Links: * https://www.themcgriffalliance.com * joel@themcgriffalliance.com * colton@themcgriffalliance.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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The theme of this podcast is KISS: Keep it Simple! But why? Check it out in this episode as Colton and Joel explain why you have to keep it simple.
Highlights:
- When do you want to retire? - 1:37
- Creating passive income - 1:59
- Discussing passive income goals - 2:50
- You have to plan all the scenarios - 3:24
- Access to capital is the most important thing - 15:24
Resources and Links: - https://www.themcgriffalliance.com
- joel@themcgriffalliance.com
- colton@themcgriffalliance.com
- Phone: 205-991-4448
- https://www.whatiftheyarewrong.com/
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
- Subscribe on Apple Podcasts
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Colton and Joel McGriff talk about the basics of why they started this podcast. It is not about giving surface-level information, it is about giving you actionable steps to make better decisions.
Highlights:
- The guiding principle to start this podcast - 2:23
- There’s a lot of theory everywhere - 3:30
- Giving enough information - 4:12
- The way they teach finances to their clients - 5:46
- Building the security system for our families right now - 7:53
- Nelson Nash’s principles - 9:53
- The stock market - 16:13
- The new version of gold - 17:03
Resources and Links: * https://www.whatiftheyarewrong.com/ * https://www.themcgriffalliance.com * joel@themcgriffalliance.com * colton@themcgriffalliance.com * Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
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This podcast has special news: Colton and his spouse have a new baby! They are so happy as Colton explains how their life changed and about life insurance for newborns.
Highlights
- Diaper changes - 1:41
- Kids are expensive - 4:18
- The value that a kid brings - 4:54
- Controlling costs so that they do not become a problem - 6:30
- Planning for “his son’s death” - 7:54
- Life insurance is necessary - 8:57
- The best place to store money - 10:05
- What do you want for your grandchildren - 11:56
- Life insurance as a savings plan - 13:26
- The system to stay in the game - 15:14
- The legacy of life insurance - 23:52
- Resources and Links:
- https://www.themcgriffalliance.com
- joel@themcgriffalliance.com
- colton@themcgriffalliance.com
- Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense
Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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The McGriffs talk about how you can be coachable through the process of life. They dive into some incredible coaches and explain using a NBA analogy. They recommend implementing the infinite banking system in our lives.
Highlights:
- Being in the COVID world - 1:12
- About generational planning - 4:19
- Everything is changing - 5:15
- Why coaching is necessary - 6:47
- The NBA this year - 7:48
- Implementing the Infinite Banking system into your life - 11:40
- The need for great coaching - 12:25
- When the pieces fit together - 13:05
- Allowing families to take and stay in control - 15:05
- Always providing opportunities - 15:54
- Teaching value systems - 17:09
- Learning something new every day - 18:03
- Being coachable through the process of life - 19:23
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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This episode is part three on the cash flow series! The McGriffs talk about cash flow during the pandemic and dive deep about how timing is everything.
Highlights:
- Cash flow during the pandemic - 2:42
- Everything happens the same way during a crisis - 3:30
- One of the major things when it comes to cash flow - 4:29
- The financial industry during the last crisis - 6:39
- Constantly evaluating circumstances - 7:00
- The timing effort - 7:41
- Talking about timing - 8:18
- When timing matters the most - 10:44
- Why Infinite Banking makes so much sense right now - 14:44
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
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This is part 2 on the three-part series about cash flow! The McGriffs talk about cash flow, how to build it, and why it is important.
Highlights:
- Why we need cash flow - 1:57
- Having a more certain future - 2:20
- The importance of what Nelson Nash taught us - 4:46
- The key is to ask “why” - 6:36
- Having an independent thought - 6:54
- A different approach to your finances - 10:30
- We are the CEO of our family corporation - 12:05
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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This is a three-part series on cash flow! The McGriffs dive in to understand why we do what we do in the financial space. Today’s episode is about thinking about retirement differently.
Highlights:
- Their view about retirement - 1:38
- Always creating value in some way - 2:01
- Retirement as an amazing time - 4:51
- We are always talking about cash flow - 6:27
- Creating the cash - 9:38
- Making assumptions - 10:44
- Focus on cash flow immediately - 11:01
- We have the power to change a scarcity mindset - 12:27
- The importance of the word “flow” - 12:40
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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Does life insurance make sense? If you want to know the answer to this question, this is the episode for you because the McGriffs explain to us what personal banking is and what we can do to get out of debt.
Highlights: * Investment ideas during the pandemic - 2:03 * Why life insurance makes sense - 2:33 * Talking about debt and life insurance - 2:54 * Diving more into the life insurance industry - 3:54 * Borrowing our money - 9:10 * Our ability to earn and save - 11:37 * Being better prepared for a crisis - 14:43
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
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Last week, the McGriffs talked about good debt vs bad debt, but in today’s episode, they dive into all debt. They continue to explain what to do when it comes to debt.
Highlights: * Storing cash - 1:55 * You cannot predict everything - 2:04 * Looking at future investment decisions - 3:29 * People depending on investments - 4:04 * The financial world - 5:48 * What debt looks like - 10:25 * We need to prepare and make a plan - 11:53 * Having control of your future - 13:59 * What real estate looks like - 15:23
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
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Can debt be good? Listen to the McGriffs insights about what makes it good or bad and what to do about it.
Highlights: * Good and bad debt - 1:14 * Paying off debt - 2:34 * Student loan debt - 3:18 * Credit card debt - 4:03 * Should we pay off the debt? - 4:20 * Building cash and staying in control - 8:11 * There’s definitely bad debt - 9:51 * Nelson Nash’s insights - 12:21 * Looking back into history - 13:17 * What an interest rate means - 14:42 * Good investments and real estate - 16:55 * We are all bankers at some level - 18:40 * Subscribe to the newsletter! - 19:56
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
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The McGriffs talk about Joel’s new nickname, these uneasy times for the world, and explain why you should stop saving for retirement.
Highlights: * Watching the news all day? - 1:40 * Stop saving for retirement - 2:07 * How we are going to stop saving for retirement - 2:42 * Worrying about cash flow - 3:16 * What are outside investments - 4:36 * You have to create cash flow now - 7:16 * The Wall Street Mindset - 8:11 * Learning how to use money - 8:49 * Living below your means - 10:28 * Expanding our means early on - 10:59 * The things that changed during the pandemic - 11:52 * There are things that you can’t control, but you can adapt to it - 15:02 * Trust but verify - 16:20 * You always need to know why and make the changes needed - 16:32 * The things that you learn today during the pandemic can be applied in the next crisis - 18:54
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The McGriffs dive into part two of the United States Monetary History. They highlight the good during the quarantine period and give us a great history lesson!
Highlights: * The virus going around - 1:23 * Taking care of all family members - 2:06 * Rescheduling events - 3:05 * Working from home - 5:02 * A new News Network - 6:03 * Inspiration is everywhere - 7:25 * Part 2 of the U.S. Monetary Policy History - 8:06 * An intelligent thinker - 9:34 * Things that happened since 1933 - 10:33 * Differing opinions about history - 11:18 * Understanding the Federal Reserve - 12:05 * The first stage of inflation - 13:00 * What happened with Nixon - 13:40 * Where money is going - 15:23 * The macro level thinking today - 17:05 * The current monetary policy - 17:50 * What’s wrong with the Federal Reserve? - 18:48 * The importance of the Infinite Banking Concept - 19:14 * Creating your own monetary system - 21:14
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The McGriffs dive into the start of the U.S. monetary policies and how they’ve evolved and changed over the years. They are discussing history to learn more about our present.
Highlights: * Figuring out why something happened - 1:44 * A super ambitious topic to cover in a podcast - 2:08 * The thoughts of our founding fathers - 2:30 * All that matters about financial lives - 3:10 * The early monetary history - 3:48 * The founding fathers and the Federation - 5:33 * The national credit - 8:07 * Monetary policies in the U.S - 8:31 * Washington’s first term as president - 9:24 * An argument between Jefferson and Hamilton - 10:12 * Getting information from another podcast - 12:11 * The Federal Reserve - 13:58 * Nelson Nash and the Infinite Banking - 14:50 * Creating more certainty in your life - 15:49 * The stock market and savings - 16:26 * How you can still grow your money - 18:14 * What they are going to talk about the next episode - 19:57
Resources and Links: * Mentioned in the episode: https://podcasts.apple.com/us/podcast/the-lara-murphy-show/id1084202846 * The Creature From Jekyll Island by G. Edward Griffin book: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X * How Privatized Banking Really Works by L. Carlos Lara and Ropert P. Murphy, Ph.D. book: https://www.amazon.com/How-Privatized-Banking-Really-Works/dp/061532682X
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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Before going into history lessons, Joel and Colton Mcgriff dive into an important question: Should I invest in the stock market today?
Highlights: * Understand what you are investing in - 1:09 * The market’s ups and downs - 1:33 * You should have liquid money for emergencies - 2:36 * This pandemic was unexpected - 3:26 * What to do if you have a real estate development - 5:13 * The seven principles of prosperity - 7:25 * Staying home during quarantine - 8:55 * Unknowns that we cannot predict - 9:49 * What’s happening in today’s market - 11:46 * The market is going to come back - 12:48 * Flipping the coin - 13:44 * Putting more money in when the market is down - 14:55 * The stock market is a rollercoaster - 15:28 * The best time to invest - 18:28 * Putting money in the stock market right now? - 19:42
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Joel and Colton Mcgriff give us a brief update about the Coronavirus. They focus on the economic impact of the virus, and share an intro to monetary history in the U.S. Enjoy!
Highlights: * What's happening in the stock market - 2:20 * Intro to a monetary history of the U.S. - 3:35 * The 1987 crash - 4:03 * So much uncertainty - 4:17 * We do not have control over the stock market - 5:32 * How the Coronavirus affects our lives - 6:50 * The average return in the stock market - 8:27 * We want liquidity when it comes to our money - 10:07 * The infinite banking concept - 10:50 * Why we are in the situation that we are in today - 11:17 * Taking care of your family - 12:55 * What history taught us and prepare ourselves - 13:17 * Digging into history aspects - 13:57 * One of the five-part history lessons - 15:10
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The Land of Possibilities' brief Coronavirus update! Be sure to stay tuned to get informed of what's happening around the world!
Highlights: * A quick update about Coronavirus - 0:14 * What it can mean to test positive for Coronavirus - 0:42 * Markets at risk - 1:08 * Creating certainty in an uncertain world - 1:24 * Discounts in the markets right now - 1:48 * The positive side of Coronavirus - 2:21 * An economic viewpoint - 3:20
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The dynamic duo: Joel and Colton McGriff, are always designing strategies for financial security and sharing their sound advice with us. In today's episode, they talk about their passion: basketball and how to have certainty in an uncertain world. Stay tuned!
Highlights: * The NBA All-Star weekend - 0:52 * The greatest players in the world - 1:16 * Two teams, two strategies - 2:40 * What happened in the game? - 2:58 * A competitive game - 4:29 * Polarizing views about the NBA All-Star game - 5:48 * The Infinite Banking concept and creating strategies for the future - 7:22 * We design policies to have certainty about the future - 9:14 * Save money in a traditional whole life policy - 10:37 * Where can you store your money? - 13:56 * Having a plan that works for you - 15:56
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The McGriffs give a recap of how they finished up 2019 and what they're looking forward to in 2020. Specifically, what happens when we travel. Colton will share his experience of his honeymoon, so be sure to stay tuned until the end and enjoy!
Highlights: * What happens when we travel? - 1:05 * Colton's honeymoon - 2:09 * Colton's experience of his honeymoon cruise - 4:57 * Having a 401k talk - 5:46 * The 401k as a good thing - 7:41 * Liquidity, use, and control of your money - 10:20 * How you can explain Infinite Banking - 11:23 * Explaining the Bible project - 14:50 * Starting 2020 with clear goals - 17:49
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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The McGriffs are going to jump back into becoming your own banker and what Nelson's been teaching them for so many years. Today's episode is part three starting on page 41 of Nelson Nash’s book Becoming Your Own Banker, there Nelson explains how to start building your own banking system. Stay tuned and learn!
Highlights: * How to start building your own banking system - 0:56 * Money working in two different spots - 1:59 * Building a bank - 4:02 * Explaining what it means to “Dig The Well Before You're Thirsty” - 4:30 * Taking advantage of investment opportunities - 6:36 * The importance of understanding this part of Nelson's book - 8:00 * Rules to understand the concept of becoming your own banker - 9:19 * Becoming the owner of our own system - 10:52 * The most powerful concept - 11:49 * The beginning of their understanding of the infinite banking concept - 13:40
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Joel and Colton McGriff explain in previous episodes the ins and outs of infinite banking and how to become your own banker. To wrap up the year, they come back to the basics and explain why they do what they do, in a very concise and simple way. Stay tuned and enjoy!
Highlights: * How do they explain the infinite banking concept? - 1:31 * The question that they always ask themselves - 3:14 * An analogy to explain the infinite banking - 4:00 * Understanding what infinite banking is - 5:21 * What is interest? - 6:50 * Paying attention to the interest function - 7:29 * Why we are paying so much interest - 8:30 * What happens when we pay off our credit card - 10:49 * An expense or a deposit? - 11:59 * You can create your own system - 13:57 * Nobody wants to overpay - 14:58 * The best vision possible for 2020 - 15:49
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Joel and Colton McGriff are jumping back into the book, Becoming Your Own Banker with their next part in the series: creating the entity. In the previous episodes, they talked about some of the human problems and conditions about why we need to change. Today they talk about what is it that we need to change? Enjoy this episode!
Highlights: * Why use life insurance? - 1:02 * Mutual life insurance companies - 2:44 * Creating the entity—what does that mean? - 4:20 * The use of money during a lifetime - 5:00 * The cheapest way you can buy life insurance - 6:06 * Thinking about the death benefit? - 7:45 * Keeping tax advantages in place - 8:25 * Designing a true infinite banking policy - 9:54 * How do you know when an opportunity is in front of you? - 10.49 * Creating as much certainty as we can - 12:12 * The Golden Rule - 13:33
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Joel and Colton McGriff talk about human psychology and how it relates to part two of Nelson Nash’s book: Becoming Your Own Banker. They dive into this part of the book and how it relates to human nature. Be sure to stay tuned and enjoy this episode!
Highlights: * Why human problems are important when it comes to finances - 0:54 * Individual improvement - 3:12 * What are the five human problems? - 3:53 * Not spending as much as we are earning - 7:24 * Financial vehicles to store money - 8:33 * Do not store your money where somebody else can steal it - 9:45 * The Golden Rule for Nelson Nash - 10:19 * Have the gold, make the rules - 11:07 * Having access to wealth - 11:56 * The Arrival Syndrome - 12:36 * There's always somebody else that does more than you - 15:47 * Use it or lose it? - 16:30 * Having a banking system - 17:13 * You have the potential to change your actions - 20:00
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
Follow on Spotify
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Designing strategies for financial security, the McGriffs talk about the book Becoming Your Own Banker: and how you can create a system. So stay tuned and enjoy this episode!
Highlights: * Becoming Your Own Banker book - 0:41 * Creating a new system - 1:12 * Talking about page 19 of Nash's book - 1:27 * Banking as the most profitable business - 2:01 * Having a profitable business - 2:58 * The Iceberg analogy - 3:47 * Do you like instant success? - 7:36 * A potentially valuable thing - 8:50 * Creating a new banking system for our families - 9:43 * Instant return and instant gratification - 10:38 * When you see the problem, you will know what to do - 13:48 * Multiple policies create the banking system that you will need - 14:58 * Dealing with human nature - 17:32 * If you want to create this strategy, call the McGriffs - 17:53
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Always trying to bring truth to the financial world, the McGriff talk about the importance of having a vision for the future and how to create a plan to reach all your goals and purposes. Enjoy this episode!
Highlights: * Figuring out the why - 1:44 * Thinking each day in the future and what goals to achieve - 4:21 * Decisions and visions for a family - 5:26 * Joel's decisions during his life - 6:27 * How Joel's life became different since having a baby - 8:48 * Some decisions that we make open up new opportunities in life - 11:49 * Understanding the "Arrival Syndrome" - 13:09 * A quote from Jesus Christ - 14:40 * Helping others in their planning needs - 15:29 * Sometimes fear paralyzes us - 17:20 * Take your time to think more on your future - 18:00
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen: Subscribe on Apple Podcasts
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Always trying to bring truth to the financial world, father and son Joel and Colton McGriff talk about human nature, setting goals and achieving them, and why sometimes you must take a vacation. Stay tuned and enjoy!
Highlights:
- Deserving a vacation - 1:08
- Understanding human nature and setting goals - 2:18
- Have a powerful reason - 3:57
- A powerful reason to do things and the family - 4:44
- Learning from family - 6:03
- Teaching your kids - 10:05
- How to set your goals - 12:42
- Setting a vision as a couple and a new family - 15:00
- Looking for ways to achieve your personal goals - 17:18
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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After having three McGriff weddings over the span of a few months, the Joel and Colton share what's happening in their own lives on a financial level and how they are applying infinite banking and the systems that they talk about so often on the show. Today in particular, they dive into a story of how Colton and his wife approached a new real estate investment.
Highlights:
- A recap of the McGriff Family weddings - 1:12
- The most frequent feedback: I get the concept but how do I apply it? - 9:50
- Trying to find a new real estate investment and how does this tie into using the infinite banking system - 10:00
- Just because you have money on IBC doesn’t mean you are going to make a stupid decision - 12:12
- Defining recurring expenses is with the acronym “VIMTUM” - 13:10
- How Joel let his son learn for himself - 16:30
- Banks will lend you money as long as you can prove that you don’t need it - 17:25
- Sometimes you go through all the paperwork with banks only to be told: Cash Is King! - 20:05
- To the eyes of a loaner, Joel would still be uneligible today - 22:05
- The two biggest lessons: access to cash is gold + don’t depend on outside institutions to achieve your financial goals - 24:30
- What you can do with the help of the McGriff - 26:18
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
FREE eBook: Why Life Settlements Make Sense Schedule a Free Consultation by clicking here
How to Listen:
Subscribe on Apple Podcasts
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Bringing truth to the financial world, the McGriffs talk about a review of Nelson Nash's Book: Becoming Your Own Banker. They dive into a specific section of his book “The Problem”, so stay tuned and enjoy this episode!
Highlights: * An alternative way to handle financial matters in life - 2:26 * What they appreciate about Nelson Nash - 2:43 * The section called "The Problem" - 3:00 * Nelson's “typical American's spending habits” - 3:33 * The problem that a lot of people miss - 4:30 * Nash using analogies to describe situations and explains - 6:44 * Recapture the interest - 8:51 * Be successful as a bank - 9:15 * Getting a high rate of return - 11:48 * Segment our lives in financial terms - 12:00 * The biggest thing to take into account when it comes to starting a bank - 12:38 * Financing everything that you purchase? - 14:02 * It is about a banking system - 15:35 * Wanting to have as much certainty as possible - 17:15 * An analogy explaining Nelson's thoughts - 18:17 * A certain amount of certainty - 19:54 * If you are not growing, you are dying - 25:10
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
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Getting married is perhaps the biggest and most special day in one’s life. In today's podcast, Colton talks about his sweetest wedding ceremony moments. The McGriffs dive into the importance of preparing for the next year: thinking about the couple's goals, passions, and purposes. Stay tuned and enjoy this episode!
Highlights:
- Wedding recap - 0:46
- How Colton enjoyed the rehearsal dinner - 1:35
- The value of the ceremony - 2:54
- Creating a life-long relationship - 5:31
- "The sweetest ceremony" - 5:50
- The ceremony exceeded their expectations - 6:12
- Postponing the honeymoon - 6:51
- Their reflection after the wedding - 7:42
- Planning the next year as a couple - 8:11
- Preparation to follow their passion and purpose - 8:44
- Taking time to reflect - 11:55
- The McGriffs share an interesting story - 12:24
- Why you need the Infinite Banking - 13:20
- Things that the Infinite Banking supports - 14:28
- Talking about children and books - 17:44
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
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The final week before Colton and his fiancée’s wedding! This episode will be an emotional one in which the McGriff dive into how to prepare for a wedding (or any other big event), how to get organized, and advice for this special moment in life. The McGriff explain the infinite banking concept and why it’s so important, so stay tuned and enjoy this unique episode!
Highlights: * Advice for Colton! - 0:41 * Slow down as best you can and enjoy it - 1:28 * So many people to see in so little time - 2:13 * Three hundred attendees for the wedding - 2:54 * The wedding coming up and the benefits of infinite banking - 4:00 * Infinite banking as the best place to store your money - 7:07 * Why they do infinite banking - 9:46 * Comparing investment decisions? - 11:47 * Putting your money into a savings account? - 12:53 * Understanding the infinite banking - 13:55 * Life Insurance as a great tool - 14:39 * Benefits of life insurance - 15:35
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
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Joel and Colton McGriff discuss the importance of investing in yourself first, a recent trip to Orlando and what is like driving a Tesla! So remember, you get the most growth when you invest in yourself. Stay tuned and enjoy!
Highlights: * Disney's magic in extracting money out of your pocket - 1:36 * Having fun at Disney - 2:06 * Invest in what you know - 2:53 * Their experience buying a car - 5:26 * Researching Tesla cars - 8:40 * You need to know things for yourself - 9:25 * We invest in what we know - 10:49 * You have to know the end-game before doing something - 14:33 * Tesla analogy - 15:00 * There has got to be a winner somewhere - 15:56 * Understand what you are investing in - 16:29 * Get away and relax - 17:50 * View yourself as your number one asset! - 18:20
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
Follow on Spotify
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Joel and Colton McGriff discuss the journey of how to become your own banker. They go deeper into Nelson Nash's concepts using the grocery store analogy. Stay tuned and enjoy!
Highlights: * The Grocery Store analogy - 0:55 * What does it take to start a grocery store? - 1:50 * Why the McGriffs love this example - 3:24 * How low are the margins in the grocery business? - 6:30 * Keep your business running - 7:57 * Taking loans against our policies - 8:49 * Businesses and the Infinite Banking Strategy - 13:25 * The most important thing you could do financially today - 16:30 * Their favorite analysis from Nelson's book - 16:57 * It is not about interest rates, it is about the philosophy of banking - 18:38
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
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In this new podcast, Joel and Colton McGriff discuss the journey of how to become your own banker. They go deeper into Nelson Nash's concepts and make a part series of this discussion. Stay tuned and enjoy!
Highlights: * An impactful book - 1:17 * Read Nelson's book more than two times - 2:12 * The importance of taking control of the banking function - 2:40 * Understanding how the whole system works - 3:13 * The banking function - 3:37 * Central bank systems - 4:59 * Having control of your finances - 8:11 * Discovering the Infinite Banking Function - 9:00 * What does it mean to gain control? - 11:59 * What it means to have a great coach - 14:04 * The importance of coaching - 16:20
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
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Colton shares how he was diagnosed with a disease years ago, and how he and his parents tried to start a new lifestyle and food plan to help him recover. Colton and Joel McGriff talk about a question that was asked related to the Infinite Banking Concept: “Why Isn't everybody doing this?” and they explain this question using the example of Colton's disease and his food plan. Stay tuned and enjoy!
Highlights: * Having a diet plan - 2:04 * Colton shares his story - 2:29 * A whole food plan diet - 4:13 * Asking yourself the same question - 5:09 * If everybody knows what to do, then why are we not doing it? - 5:49 * Starting the diet - 6:36 * Waiting for a disease to make a change? - 9:41 * Is Infinite Banking too good to be true? - 10:39 * Benefits of Infinite Banking - 12:37 * The lifestyle of eating - 14:02 * The goal is to have our banking system - 14:39 * We live our lives around food - 16:30
Resources and Links: https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen: Subscribe on Apple Podcasts
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Start with your why, and understand where you want to go, is today's topic. Joel and Colton McGriff talk about why we do what we do, they discuss marketing, and dive into the art of comparison. Stay tuned and enjoy!
Highlights:
- The previous podcast - 0:37
- A marketing story - 1:23
- In marketing, everything is important - 2:01
- Targets in marketing - 2:40
- Manipulation to human psychology - 4:36
- Before you see the money it is already gone - 5:37
- The reason why we do things - 6:42
- The Infinite Banking Concept - 7:39
- The comparison game - 9:17
- Comparing yourself to others - 10:15
- Comparing your financial situation with others - 11:50
- Having patience - 15:10
- Creativity to create more wealth - 16:15
- Marketing techniques and finances - 18:10
- Compare ourselves with ourselves - 18:53
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
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In today's podcast, Joel and Colton McGriff talk about their father and son relationship dynamic, they also talk about banks and how we can make better money decisions. Stay tuned and enjoy their answers to listeners' feedback.
Highlights:
- The dynamic of their relationship - 1:11
- Start with "why" - 1:43
- Being in control of finances - 2:55
- Don’t buy something you don’t have the money for - 4:22
- Nelson Nash's message - 5:19
- Respecting the successful business of banks - 6:36
- The reason for inflation - 7:26
- Running a business successfully - 8:14
- Going deep into life insurance - 11:14
- Being prepared and reducing anxiety - 13:38
- Stress surrounding money - 14:35
- A stress-free system - 16:21
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
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How incredible it is for anyone to get married! imagine how it feels for a father who sees that his daughter is starting a new family. In this episode, the McGriffs recapitulate on the wedding of the only daughter in the family and also, tell us a story to help us understand the importance of not using credit cards excessively but strategically. Stay tuned and enjoy!
Highlights:
- A major weekend in the family's history - 0:31
- Walking with your daughter, an emotional event - 1:32
- The rehearsal dinner - 2:59
- Everything that happened was a huge moment for father and mom - 4:27
- Trying to contain the emotional side - 5:33
- Doing a secret dance - 6:50
- An amazing wedding and ceremony - 8:11
- A story related to finances - 8:44
- Spending with credit cards - 10:17
- The problem of using excessively credit cards - 11:07
- Banking institutions making money - 12:36
- Finances, franchises, and interests - 14:00
- Creating systems that allow us to grow our money - 14:42
- Paying an entire wedding through an infinite banking management system - 15:14
- It is not about to ignore credit cards, use them responsibly - 15:59
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
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The McGriff talk about the 2006 recession, what we would have done if they had known it was to come. Stay tuned to learn some recommendations on how to act if something like that happens in the future and how you can plan for the unknown.
Highlights:
- A lot of things that Joel would like to do different - 1:25
- Repeating the same mistakes throughout history - 1:35
- 2008 as an inflection point - 2:01
- Being prepared for the uncertainty - 2:47
- Wanting to buy some properties - 3:25
- A crisis that they have not seen before - 4:52
- Prices rising - 6:51
- Not trying to predict when a fall can happen - 7:29
- Around 2008 there was a lot of money lost - 7:56
- Controlling our liquidity with Infinite Banking - 9:24
- Everybody in today's world wants to have "microwave success" - 10:25
- The microwave vs. the crockpot success - 11:19
- Everybody wants everything fast! - 13:26
- Let's take advantage of the market when we can take advantage - 15:02
- Giving too much money to the government - 17:00
- There are certain things that you can be aware of for the future - 18:40
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Designing strategies for financial security, the McGriffs talk about the cash flow management system and infinite banking—what it is and what it looks like, so enjoy this new podcast from the father and son team and learn for your financial health!
Highlights:
- Going deeper into the Infinite Banking concept - 1:15
- The Infinite Banking Concept and life insurance - 2:04
- Always focus on the "why" - 2:33
- Finance and families can sometimes equal conflict - 3:26
- Everything has to do with money - 4:33
- You have to become your own bank - 4:40
- Businesses and inventories - 5:40
- Being in love with the Infinite Banking Concept - 6:54
- The Importance of having a cash flow management system - 8:40
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriff talk about family banking and what it looks like to generational planning and how to use it for different aspects of the family, listen to this important topic, stay tuned, and learn!
Highlights:
- The need for cash flow - 1:10
- Looking for cash flow - 1:44
- Talking about maximum potential - 2:46
- Internalizing the maximum potential and the interest function - 3:27
- Never loan money to family members - 3:53
- Being financially responsible - 5:15
- Talking about Costco - 6:29
- Being financially educated - 8:33
- Understanding the interest rates with an example - 10:59
- Car companies and getting a great deal - 12:42
- Wanting more cash flow - 14:37
- It is just Math - 15:28
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriff talk about the responsibility that we are undertaking as the contributor to our 401k. Also, how and why we think in certain ways when it comes to financing by giving us by giving a little bit of an analogy from the sport that they love most: basketball. Stay tuned and listen to Joel and Colton bringing their intellectual wisdom!
Highlights:
- An analogy with basketball - 0:40
- We often make decisions without knowing all the information - 3:17
- Talking about the 401 (K) - 3:43
- Control equals freedom - 5:41
- 401 (K) as a retirement strategy - 8:07
- Looking at 401 (K) plans and mutual funds - 10:12
- Getting money as often as possible - 10:57
- Keep the money as long as possible - 12:46
- How much control do we have in a situation that is totally uncertain - 16:15
- Encouraging people to understand the difference between savings and investments - 23:16
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
On their mission to bring truth to the financial world, the McGriff talk about a recent trip they took to continue growth in their industry. Listen to this episode to understand the importance of continuous learning. Stay tuned and enjoy!
Highlights:
- Talking about the trip experience - 1:04
- Learning a different way to think when it comes to finances - 1:34
- Thinking outside the box - 2:09
- Attending Summit to learn more - 2:29
- Sharing a proverb about learning from others - 3:46
- How we are seeking more information in our lives - 5:04
- The Arrival Syndrome - 5:31
- Analyzing a proverb - 6:48
- Much to learn - 7:52
- Talking about Nelson Nash's book - 8:46
- Keeping our minds open - 9:27
- Seeking knowledge - 9:49
- Sharing a story from Nelson Nash - 10:55
- Knowing what you do not know - 11:29
- Why the arrival syndrome is so scary - 12:20
- The importance of cash flow management - 14:20
- The McGriffs encourage to continually grow and learn - 15:05
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
On their mission of designing strategies for financial security, Colton and Joel McGriff dive deep into infinite banking and why it matters most at the beginning of an investment career. Today, they talk about the basics of banking and how to use the cash flow management system. Stay tuned and enjoy!
Highlights:
- The maximum potential calculation - 1:30
- The importance of savings - 2:31
- Definition of risk - 3:15
- Understanding the cash flow management system - 4:27
- The importance of capitalization - 4:50
- Investors and deposits - 5:20
- Having a savings account to capitalize - 5:35
- What happens when you have your own bank - 6:43
- The capitalization period - 8:22
- Starting to capitalize and understand the maximum potential calculation - 9:00
- Rate of return and capitalization - 10:09
- Focusing on the wrong things - 10:51
- The infinite banking solutions to capitalize your money - 11:43
- Delay of gratification - 13:20
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriffs talk about Colton and his fiancée’s experience as a young couple riding the proverbial real estate rollercoaster of finding a new home. They discuss the details of how and why this couple came to the decision they made, and go deep into the real estate world.
Highlights:
- Trying to find a new home - 1:59
- What to avoid when buying a home - 4:50
- Talking about real estate - 5:50
- What happens when you find 35 to 50-year-old houses - 7:24
- Finding a house to rent - 7:50
- Every decision we make financially affects others - 10:50
- Real estate and infinite banking - 11:41
- Mitigating most of the risk that you can - 14:00
- An opportunity to develop the banking system - 16:20
- Evaluate the opportunity cost of each decision - 18:10
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Colton and Joel talk about the importance of coaches in those that surround us, how they can mentor us and provide a path to go to a higher level in life. They also touch on the subject of early coaches we encounter through sports and how they teach us about competitiveness and other lifelong lessons.
Highlights:
- Joel's first basketball coach - 0:54
- Coaches in high school - 1:19
- Learning how to view competition - 2:06
- Colton's experience with coaches - 3:46
- You need somebody that takes you to the next level - 4:46
- Colton talks about athletic training - 7:10
- Coaching in our lives is very important - 7:58
- Work on what is a passion for you - 9:19
- Searching for new knowledge - 11:00
- If something is important in your life, why don't you have a coach for it? - 12:40
- Coaching financial advisors - 12:59
- The topic for the next podcast - 14:30
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Designing your own strategies for financial security will be the topic of today's episode as the McGriff discuss the meaning of numbers, why they are so important, and why we should look at them to make an effective negotiation or decision.
Highlights:
- The importance of numbers - 0:46
- Numbers do not lie - 1:20
- A quote from Mark Twain - 1:50
- Discussing statistics - 2:44
- Statistics on a negotiation - 3:00
- Numbers over the place in the financial world - 3:58
- Digging into the 401 (k) - 6:02
- Understanding the meaning of each number to make a decision - 6:56
- Colton's first econometrics class at College - 8:57
- Understanding where the numbers come from - 9:34
- Looking for certainty through numbers - 9:51
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriff talk about Joel’s recent return from a trip to Berlin. They discuss what the experience was like, and the importance of history in human life.
Highlights:
- Joel’s experience in Berlin - 1:02
- The importance of history - 1:48
- Berlin history: west and east Berlin - 3:18
- The Soviet system - 5:50
- East Berlin was so different - 6:54
- A new perspective about freedom - 7:53
- The relation between history and the financial world - 8:31
- Regulations on commercial banks - 11:38
- Why is the real estate market going up? - 12:26
- Talking about mortgages - 13:25
- The experience of 2008 - 15:44
- What is happening in today's market - 16:11
- Looking at history and taking advantage of the opportunities today - 19:11
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
A whole new level of financial security is the goal that Colton McGriff has set out to achieve, and on this new solo episode, he talks about his parents' trip to Berlin and how this experience helped him understand the constant human pursuit for knowledge.
Highlights:
- Colton's parents and the trip to Berlin - 1:23
- Always looking to learn more - 4:01
- Fighting the arrival syndrome - 4:49
- Learning throughout all phases of life - 5:07
- Why facts don't always change our minds - 5:36
- Shifting someone’s mind - 6:34
- Humans are animals - 7:26
- We care about fitting into a certain group - 7:52
- The social norms - 8:20
- Adopting a particular believe - 9:42
- Why infinite banking is the better option - 10:15
- Why you are doing what you are doing - 12:00
- Making changes in other people's life - 13:30
Resources and Links:
https://jamesclear.com/why-facts-dont-change-minds
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Today, Colton talks about a very personal experience: finding a home to start a life with his soon to be wife. Listen in as he shares how looking for a home expanded his mindset on how you should think about the infinite banking concept and how Joel, his dad, guided him into what was the best financial option for him. You’ll be surprised by this one!
Highlights:
- How much interests you need to pay for a 30 years mortgage - 2:20
- Buying a home - 2:47
- Paying interests in the first year - 3:00
- You are not throwing away money you are paying for something you are going to use - 3:23
- An economy in chaos - 5:02
- Some tax advantages - 5:55
- The banker is the one that is smiling all time - 7:27
- Understanding the Infinite Banking Concept on a sophisticated level - 8:11
- Being in the banking role - 9:50
- Thinking about how much you pay on interests - 11:00
- The money has to flow somewhere - 11:50
- Thinking on a home purchase - 12:52
- The end of the mortgage - 16:00
- The financial slavery - 17:51
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Today, father and son talk about the many differences there are between the theory we learn regarding a certain activity and the actual practice of it. Listen in as they share the story of how Colton started his career as a realtor relying only on theory and how they want to encourage you to get practical and take the next step!
Highlights:
- How information is good but at some point, you have to get practical - 1:30
- Colton’s experience when he first started as a realtor - 3:30
- The knowledge you can get from podcasts - 4:00
- When you get practical, you start seeing things from a different perspective - 6:00
- You never stop learning - 7:20
- Colton now feels more comfortable when negotiating a home - 7:40
- The McGriffs biggest advice: Take the next step! - 8:12
- There’s always something that shifts in your mind and creates an inflection point - 10:12
- They discuss a moment that made Joel questioned everything - 11:05
- The certainty in the financial industry - 13:30
- The McGriffs invite to reach out! - 14:00
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
What does infinite banking look like at a practical level? what does an investment opportunity fund look like? Stay tuned and learn more about these topics and find the answers that you are looking for.
Highlights:
- Listening to Nelson Nash - 1:20
- How Becoming Your Own Banker has helped people - 2:00
- Advisors talking about emergency funds - 2:50
- The importance of having access to cash - 3:44
- Looking at estate sales - 3:59
- Understanding what you are investing in - 4:22
- Looking for your dream home - 5:06
- Joel's first property purchase - 5:13
- He knew exactly what he wanted - 7:21
- Being in control of your money - 9:22Y
- What matters the most in life - 9:38
- Not knowing where our money is going - 11:00
- Having the capital to act when is the right time - 12:50
- Succeeding the banking system - 13:40
- You do not need the Bank's decision - 15:42
- The ideas and opportunities are limitless - 16:40
- Get in touch with the McGriff - 17:20
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
An all inspiring episode on which Colton and Joel use the opportunity to remember the legacy of Nelson Nash, who recently passed away. They dive into his most important work, the message he shared during his life, and also the impact that Nelson's book, “Becoming your own banker”, had on them.
Highlights:
- Discussing the last episode and family legacy - 0:37
- The importance of building a legacy - 1:29
- Not everything comes from material success - 2:31
- Being with a loved one at the hospital - 3:19
- The real purpose behind this podcast - 4:44
- Using an analogy - 5:24
- People suffering from heart issues - 6:32
- Nothing to eat at the hospital - 7:44
- Helping people get out of debt - 9:00
- Nelson Nash’s funeral - 11:49
- Analogies in Becoming Your Own Banker - 12:16
- Mourning Nelson Nash's death - 12:25
- He always needed to help people - 12:48
- Personalizing everything - 13:09
- The legacy of Nelson's books - 13:36
- Thousands of people impacted by his life - 14:20
- Nelson's Nash personality and legacy - 14:38
- The Infinite banking concept - 15:14
- Nelson's message - 15:58
- There is always something new to learn - 16:06
- You are never too old to learn and have a huge impact on the world - 16:23
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Another solo episode by Colton McGriff, Today, we discuss one of the overlooked aspects of the infinite banking concept. He also gives us a reminder of what matters the most in our lives.
Highlights:
- Why Colton is making a solo episode - 0:50
- The often overlooked fact of the infinite banking concept - 1:31
- Recapturing the interest function - 1:47
- Why the banking function is so dramatic - 2:02
- What the infinite banking concept allows us to do - 3:31
- We do not have control of life events - 4:24
- On the financial world, it is hard to say something is "guaranteed" - 5:00
- Protecting and preserving the financial integrity of families - 5:52
- Colton shares with us a proverb - 6:27
- Leaving a legacy with great comfort - 8:13
- Passing legacy and values - 8:44
- Thinking about life in different ways - 10:36
- Colton tells us that he is going to pray for a beloved person - 11:20
- A reminder of what matters the most in our lives - 11:28
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Digging into one of the most common concerns that the McGriff have been receiving from listener's feedback: understanding the infamous 401 (K). Today, Colton and Joel revisit their previous podcast topic and explain it further for the audience. If you want to know more about this subject, then you can't miss out on this episode.
Highlights:
- Reviewing the previous podcast - 1:50
- Discussing family legacy - 3:00
- The importance of a value system - 4:07
- How your parents raised you - 5:07
- Family principles - 7:39
- How the 401(K) can potentially help you - 8:16
- A 401(K) forces you into a savings mentality - 8:34
- A 401(K) as a beneficial tool - 9:38
- Understanding tax rates - 17:53
- Tax-qualified retirement plans - 20:14
- One of the seven principles of prosperity: Think - 20:58
Resources and Links:
- http://www.usdebtclock.org/
- https://youtu.be/XqUwr-Nkq9g
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Colton takes the lead by himself in this episode to talk about preserving the financial integrity of families and what that looks like in a family legacy.
Highlights:
- Creating a family legacy - 0:54
- Preserving the financial integrity of families - 1:23
- Setting values in a family - 2:10
- A McGriff story about financial education in their family - 2:49
- Healthy eating habits - 8:40
- Homeschool education for two years - 9:45
- Money is not the important thing, is just a medium of exchange - 10:12
- Designing a life that matters - 10:31
- Money does not bring hope to a family, hope comes from a far greater place - 11:25
- Having a strong faith in the McGriff family - 12:02
- A quote from Albert Einstein - 13:25
- Behind a great man is an equally great woman - 13:57
- Colton talks about his fiancee - 14:10
- Preserving the wealth of a family through values - 15:04
- Planning a Wedding - 16:46
- How the family legacy play a role in your future - 17:09
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriff talk about some of the real world applications of Infinite Banking and what it looks like in your everyday life.
Highlights:
- How we use Infinite Banking in some practical ways - 1:06
- Premiums and incomes should match - 1:51
- Infinite Banking should be a cash flow management system - 3:50
- Real world applications - 4:40
- Paying back the loans - 5:20
- Your money going to someone else's bank - 6:30
- Taking control of the interest - 7:00
- Staying on the growth curve - 7:40
- How we use infinite banking on additional expenses - 9:01
- Understanding the concept using an example: buying a car - 11:09
- Looking at 4% interest rates - 13:02
- Taking advantage of the interest - 13:34
- Talking about Real Estate and Passive Income - 15:10
- Being a friendly banker - 16:57
- Understanding what infinite means -18:20
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
When it comes to the Infinite Baking Concept most people think it sounds too good to be true!
Today the McGriff address those negative connotations about IBC and how they affect the process of becoming your own banker.
Highlights:
- How infinite banking can improve your cash flow and liquidity - 1:17
- Nelson Nash's seminars - 1:53
- Quick access to cash - 2:23
- A key thing of the infinite banking concept - 3:45
- Taxes and liquidity - 4:58
- Some negatives of the Infinite Banking Concept - 6:07
- How Nelson Nash talks about discipline - 6:31
- Nelson's analogy about a grocery store - 7:14
- Being a good and honest banker - 8:03
- Getting life insurance - 10:02
- We know that nobody lives forever - 11:11
- The importance of diversification to avoid the loss - 13:32
- Create a system that has certainty for a financial plan - 15:19
- Ask the questions: why and why not? - 17:02
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Today, Colton and Joel share how you may find inspiration in the most unexpected places. This is what happened to them very recently when they attended a live show from The Piano Guys.
Highlights:
- Inspiration is everywhere - 1:09
- Listening to The Piano Guys was really motivating - 2:53
- Becoming your own banker: a book that can help you design new strategies - 4:41
- Preserving the client's family financial integrity - 6:15
- Connectivity between music and family for young musicians - 7:55
- The opportunity to do what you really want to do in life - 10:07
- An analogy of the duration of a flight - 11:13
- Nelson Nash as a great mentor - 14:12
- Thinking differently about your life just by hearing The Piano Guys - 14:40
- Helping to protect the financial integrity of the families - 15:20
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Colton and Joel share some insights on how to continue our learning curve but still having some clear fundamentals about the present, which they call “defining moments”. Join us as we discover these defining moments that relate to our financial lives and how information will affect us in the future.
Highlights:
- What drives Joel to always keep learning.
- We need to be very aware of the information we let into our minds in order to continue growing.
- The first defining moment: Our money will never be worth more than it is today
- The second defining moment: Our current tax bracket may be the lowest in our lives, EVER.
- Colton shares a story from when he was a second grader.
- “We didn't have money FOR THAT”
- Why would the traditional financial world tell us to take our money TODAY and throw it so FAR INTO THE FUTURE?
- The goal is to teach people how to think, not what.
- You should be able to do as much as you want with your money today.
- Knowledge is something that you learn, wisdom is how you apply that knowledge in your life.
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The McGriff’s take on some listener's questions, today they discuss real-world examples of how the Infinite Banking Concept can help you in your life.
Highlights:
- Understanding the Infinite Banking Concept - 1:15
- Why do we use infinite in the banking concept? - 1:21
- Nelson Nash’s infinite concept - 1:37
- Changing the way that you think - 2:59
- Real-world examples using the IBC - 3:20
- Understanding the using of opportunity cost - 4:29
- What should we do if we pay in cash? - 6:55
- It is all about making our money in the growth curve - 8:18
- Infinite banking is the vehicle to allow you to do extra investments - 14:20
- The McGriff's want you to learn how to become a banker - 15:48
- Spreading the truth on the financial world - 16:50
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
What sort of problems could we face while trying to implement infinite banking? This is the topic of today’s episode, so join us as we listen to the McGriff’s discuss the intricacies of implementing such concept, the benefits of using their financial playbook, and their personal recommendation, Nelson Nash’s book: “Becoming your own Banker”.
Highlights:
- Applying the knowledge - 1:37
- The truth is not going anywhere - 1:54
- The infinite banking concept - 3:30
- Reasons for you to do something - 3:49
- Government shutdown - 4:18
- Three weeks with no payment - 4:38
- Understanding how money works - 5:35
- One of the human problems - 6:05
- Consequences of income increase - 7:29
- A story of a bank robber - 9:47
- Biggest thief in the world -10:13
- What the government takes from us - 10:35
- Taxation and higher tax rates - 11:12
- Tax rates problems and solutions - 11:39
- The golden rule - 12:55
- The arrival syndrome - 15:19
- Avoiding the arrival syndrome - 17:14
- Use it or lose it - 17:22
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Lessons to be learned from success stories. On this new episode, father and son get together to discuss how people and organizations have achieved success, paying special attention to banks and where they store their money, in order to underline some of the key lessons we may apply in our own lives.
Highlights:
- Intricacies of the banking industry - 1:10
- Always ask questions - 1:38
- Where banks store their cash - 2:00
- Bank Of America and Wells Fargo - 3:01
- Analyzing mortality tables - 5:58
- How to become a successful person - 9:07
- Planning for the future - 10:19
- The life we all desire - 11:21
- Understanding insurance policies - 12:00
- Feedback is key - 12:42
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Question everything if you wish to understand anything! On this new episode of the McGriff Podcast, father and son discuss one of the seven principles of Prosperity Economics, which is “Think”. Join us as we discuss the innocence of children, how they always ask why and what’s the role that imagination plays in taking the next steps in our lives.
Highlights:
- Children stories -1:46
- Asking Why - 2:53
- Children as a source of inspiration - 3:29
- The moral of the story - 6:45
- Doing things differently - 11:22
- What matters the most to you- 11:49
- Personal dreams V.S. industry dreams - 12:06
- Imagination has no age - 12:58
- Everything starts with why - 14.04
- First questions - 14:54
- Imagination is a preview of life's coming attractions - 15:05
- Taking the next step in your journey - 16:06
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
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Start the year with the right foot as we listen to the McGriff's discuss the banking system, how to take control of your finances and how to get out of debt.
Highlights:
- Being in debt - 1:33
- Debt and the cash flow management system - 1:59
- Analyzing the whole financial picture - 2:34
- Life Insurance in the Infinite Banking Concept - 3:12
- How to get out of debt - 3:52
- Being proactive in your family's wealth - 6:16
- The student loan problem in America - 10:27
- The FIRE (Financial Independence, Retire Early) Movement - 11:31
- Freedom to discover your passions - 13:43
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
As we wrap up the year Joel and Colton talk about their approach to goals and achievements in life. Instead of seeing this so-called “New Year's Resolutions” as a to-do list they invite us to focus on the big why that pushes us to wanna achieve these goals, you don’t wanna miss this one!
Highlights:
- The McGriff’s discuss a recent family trip they recently took - 1:30
- Joel tells us how instead of setting goals for the new year he tries to focus on the big “why”, the reason we wanna achieve these goals - 2:30
- This way of approaching goals began when he read Simon Sinek’s book “Start With Why” - 3:00
- Joel has taken the powerful reason to do business to family goals as well - 5:20
- Creating commitment statements that live through the years and drive your goals - 6:30
- Colton reminds us that we should not put stress into these set goals, it’s ok to start with something small that would be almost impossible not to achieve - 9:30
- They reflect on how they have seen successful stories from their clients this past year - 12:00
- How God plays a big part in how they set goals and how they make them a reality - 14:20
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
How does the banking industry work? Join us as father and son discuss how banks make money, why they are so successful, and why there are so many of them around the world. Stay tuned as they explain how the banks were able to fight the recession in 2008 in an effective manner.
Highlights:
- Spreading money - 2:04
- Overcoming the 2008 recession - 4:51
- Dropping interest rates - 6:00
- The infinite banking concept - 8:44
- Applying Nelson Nash's strategies - 9:07
- Education, principles, and values - 11:14
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
On this McGriff podcast, father and son discuss a book written by author Nelson Nash: Becoming Your Own Banker. Stay tuned as they share their thoughts on the Infinite Banking Concept, who started it, and what it means.
Highlights:
- Infinite Banking Concept - 2:35
- Discussing the book: Becoming your own banker by Nelson Nash - 2:53
- The banking function - 5:41
- Getting into the banking business - 7:22
- Becoming your own banker - 8:40
- Emergency and Opportunity Fund - 10:41
- Money has to flow somewhere - 14:48
- Imagination V.S. Knowledge - 18:28
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Planning for the future is one of the biggest concerns facing people today, that’s why this episode is all about one of the most common methods of saving for retirement, the 401k. Stay tuned as we listen to its history, how it started and how we use it in our financial lives today.
Highlights:
- What is a 401k? - 0:43
- Benefits of the 401k - 2:22
- The maximum contribution allowed - 4:13
- Withdrawing your money - 6:32
- Learning for yourself - 13:59
- Cash flow decisions - 16:09
- Looking for opportunities - 16:37
- The non-traditional path - 19:23
- The importance of cash flow - 22:34
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Bill Burrus shares an incredible tale of conflict and resurgence packed full of life lessons from his service in World War II to his success as a financial entrepreneur. Join us on this episode to hear Bill’s ageless wisdom.
Highlights:
- What makes Bill so special - 2:42
- Why they were the greatest generation - 4:02
- Incredible stories from the war - 5:45
- Enlisting in the army - 6:33
- Life at 92 years old - 11:48
- What makes each of us unique - 16:20
- Bill’s life as a financial entrepreneur - 21:57
- Protecting the USA - 25:53
- What makes the USA so great? - 30:50
- Where Bill has traveled and what he’s learned along the way - 33:07
- More war stories - 37:00
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
If you’ve ever heard the phrase “a lesson will repeat itself until it’s learned” you realize why history is critical to our growth and understanding. You’ll hear what happened during the great recession and other milestone events and what Joel and Colton learned from those difficult times.
Highlights:
- What makes history so important? - 0:36
- The great recession of 2008 - 3:18
- Why we are continuously finding places to create cash flow - 4:50
- Having the courage to speak up and follow your convictions - 10:44
- How the Federal Reserve addressed the problem of the 2008 recession - 11:28
- What we have to understand to make good decisions - 17:50
- Understanding everything that we have learned since 2008 - 18:34
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
You can do anything if your reason for doing it is powerful enough. That’s a phrase the McGriff’s have been saying for years. Today you’re going to hear some of the favorite family phrases and find out about Joel and Laurie’s 35th wedding anniversary to the magical world of Disney. Also, hear how the family has circled around Colton through his collegiate basketball career to his challenging health diagnoses.
Highlights:
- The lessons Joel learned from his magical Disney trip with Laurie.
- Colton’s diagnosis with type 1 diabetes and how he approached it.
- How Colton’s collegiate basketball career took him to Europe and came with an unexpected medical challenge. Hear how it became a blessing in disguise.
- When Colton received the news of multiple sclerosis and how the family reacted.
- Finding truth tellers in alternative medicines.
- Determining what’s opinion and what’s myth.
Resources and Links:
https://www.themcgriffalliance.com
joel@themcgriffalliance.com
colton@themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
Joel shares how a summer student exchange program completely changed the future of his life. You’ll hear why getting a clear bullseye of what matters most is the first step to building your plan and creating the future you want.
Highlights:
- It all started from a European student exchange program. - 1:09
- Why Joel had the courage to leave on his own. - 5:39
- Off to the adventure and meeting his future wife in Spain - 7:52
- The moment the sparks started between them. - 12:48
- How an abundant mentality applies to their adventures. - 17:36
- Designing a life together. - 20:47
Resources and Links:
https://www.themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
The abundance mindset is scarce, and the scarcity mindset is abundant. That’s why we’re on this podcast to change the way people think so they can experience more abundance. Listen to Joel and Colton share stories and analogies about how they’ve seen the 7 Principles of Prosperity ring true in their lives.
Highlights:
- Principle #1 Think - 0:29
- Principle #2 See - 2:12
- Principle #3 Measure - 4:07
- Principle #4 Flow - 6:38
- Principle #5 Control - 9:28
- Principle #6 Move - 11:43
- Principle #7 Multiply - 12:29
Resources and Links:
https://www.themcgriffalliance.com
Phone: 205-991-4448
How to Listen:
Subscribe on Apple Podcasts
Follow on Spotify
Listen on Stitcher
This father and son podcast reminds you of the evening stories you hear while sitting back in a rocking chair on the front porch. The conversations are beyond talk of the stock market and more about the legacy you want to create.