2024-04-22 21:17
Do you have a lump sum of money and you’re wondering how to get the most out of it? Well, one option could be a CD. But another option could be an annuity. Have you ever wondered what… Read More
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The Tier 1 Capital Blog
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Tags:
money
infinite banking concept
insurance
ten years
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cash
insurance policy designed
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limited pay
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Have you ever felt like you're doing everything right? You're paying off your debt as quickly as possible, you have a short mortgage term, you're maxing out your retirement plans, you're paying cash whenever possible, and you're investing in the stock market as much as you can afford to, but you're still not seeming to get ahead. You still can't reach that feeling of financial freedom like you've finally made it? If that sounds like you, continue reading because we're going to diagnose exactly why that may be the case and recommend some simple shifts you can make to reach financial freedom.
2024-04-15 21:00
Are you thinking about implementing the infinite banking concept? But you don’t quite understand why it takes ten years to recapture the money that you put into the policy.
One of t… Read More
2024-04-08 21:00
A question that you may have, if you’re thinking about implementing the infinite banking concept, is why on earth would I be paying interest to access my own money?
One of the… Read More
2024-04-04 20:46
Episode Summary
In this episode, Harlon Pickett joins us to discuss the evolution of the insurance industry over the past 20 years, emphasizing the shift from true risk-sharing to a syste… Read More
2024-04-01 20:15
When it comes to the infinite banking concept, the traditional design is a life paid-up at age 100 or 121 with a 40/60 split, 40% base policy, and 60% to paid-up additions. But sometimes we… Read More
2024-03-25 20:38
Are you nearing retirement and considering implementing the infinite thinking concept, but have the feeling that it’s too late?
I was talking to a guy this week who’s ne… Read More
2024-03-18 21:00
Everyone knows that money is important. But have you ever wondered how to educate your children on becoming financially literate and how to become financially free?
Most families don&rsqu&hell…Read More
2024-03-11 21:00
Imagine having a pool of cash that you own and control that’s large enough that neither you nor your family ever has to use traditional banking systems ever again. Now there may be an… Read More
2024-03-07 22:00
tim_yurek_raw-synced-video-cfr_riverside_0002 (1): Hello, welcome to the Control Your Cash podcast and it is our pleasure to have Scott Goodrich. Scott is a business consultant and he&rsquo&helli…Read More
2024-03-04 21:30
Do you realize that we finance every single purchase that we make, whether we pay cash or borrow? Conventional wisdom has taught us that debt is bad and should be avoided at all costs. So wh… Read More
2024-02-26 22:00
One of my most frequently asked questions is how many policies should I have and whether is there a benefit to having one big policy versus several smaller policies. When deciding what the b… Read More
2024-02-19 21:50
When on a search for financial freedom, there are a lot of different opinions out there and it can be hard to decide what is the best decision for your situation.
The other day, I was hav… Read More
2024-02-12 22:17
Do you realize that we finance every single purchase we make, whether we pay up interest by financing or give up interest by paying cash? There’s not really any middle ground… Read More
2024-02-05 22:00
Are you getting started with the infinite banking concept and you’ve heard that you should be building a system of policies?
When it comes to starting your banking system, the… Read More
2024-02-02 20:50
Episode Summary
In this episode of the Control Your Cash podcast, hosts Olivia Kirk and Tim Yurek dive into a stimulating conversation with Bob Cordaro, a local attorney, influential radi… Read More
2024-01-29 21:30
Are you looking to get the most bang for your buck? Well, here’s the secret. It’s called leverage.
There are many definitions of leverage, but the one I like best in fin… Read More
2024-01-22 21:15
If you’re looking into the infinite banking concept using a whole life insurance policy, I’m sure you’ve heard of the different splits. Do I do a 90/10? Do I do an… Read More
2024-01-15 21:45
So you’ve heard of life insurance policy loans, but have you ever wondered exactly how the intricacies of policy loans work?
If you have a whole life insurance policy, there&r… Read More
2024-01-11 21:33
Episode Summary
Welcome to the Control Your Cash Podcast, in this episode, Olivia and Tim delve into the complex world of taxes, shedding light on common misconceptions and strategies for… Read More
2024-01-08 21:29
When it comes to specially designed whole life insurance policies designed for cash accumulation, you hear us talk about the cash value as well as the death benefit. A question that… Read More
2024-01-02 21:30
The holiday season is officially upon us. Let’s talk about how to manage spending and how to finance the holiday season because, for many Americans across the country, the holiday seas… Read More
2023-12-18 22:12
Do you have a Ferrari in your garage, and you’ve never driven it? Someone recently reached out and they had a 12-year-old life insurance policy sitting doing nothing. This mea… Read More
2023-12-14 22:36
Episode Summary
In this episode, Tim and Olivia discuss the strategic use of life insurance for attracting, retaining, and rewarding key employees. They explore the benefits, including tr… Read More
2023-12-11 21:30
Do you realize that there’s a difference between good debt and bad debt?
You see when I started in financial services, we were told that all debt was bad. But it wasn’t until… Read More
2023-12-04 21:30
I got my first life insurance policy as soon as I graduated from college. Now, this may seem counterintuitive to some people because I had just graduated college, and I didn’t have a f… Read More
2023-11-30 22:00
Episode Summary
In this episode, Tim and Olivia discuss the critical role of cash management for family-owned businesses. They emphasize that cash accessibility, not just physical cash, i… Read More
2023-11-27 22:02
We all know that inflation is running wild these days, but do you realize that there are actually three types of inflation we’re trying to combat at once?
The first and most obvious… Read More
2023-11-20 22:03
Have you noticed it costs a lot more simply to exist these days? They call inflation the stealth tax because it’s not written in the tax code, but it affects every single one of us. So… Read More
2023-11-13 21:45
Something I’m sure you heard us say before, is you finance every single purchase you make, you either pay cash and give up interest that you could have earned on that money, or you fin… Read More
2023-11-09 21:30
Episode Summary
In this episode, Olivia and Tim dive into the crucial concept of how you pay for purchases, rather than what you buy, and its profound impact on your financial well-being… Read More
2023-11-06 21:30
Most financial advisors out there are focused on accumulating assets under management, meaning you have a lump sum of assets managed somewhere else. How could that advisor obtain those asset… Read More
2023-10-30 20:30
Have you been looking at your finances lately and realized it’s time for you to kick it into gear? Here’s a secret. The strategies that got you to where you are today are not goi… Read More
2023-10-26 20:04
Episode Summary
In this podcast episode, Kenny Harper joins Tim and Olivia to share his personal journey from being employed in advertising to starting his own business. He emphasizes the… Read More
2023-10-23 20:05
When you’re dealing with a whole life insurance policy, whether it be a normal whole life insurance policy or a whole life policy designed for cash value accumulation, there are a few… Read More
2023-10-16 21:16
Have you ever wondered how much life insurance, is too much life insurance? Well, here’s a secret. A life insurance company won’t insure you for more than you’re worth… Read More
2023-10-12 21:00
Episode Summary
In this candid conversation, Tom delves into the power of resilience, transparency, and the transformative impact of financial optimization. Learn how his expertise has em… Read More
2023-10-09 20:30
As you go through life, everything changes. The only thing certain in life is, in fact, change. So when you first get a job or you first start in business, your goal is to create 100% of you… Read More
2023-10-02 20:17
With inflation being a hot topic these days, a natural question may be, are my life insurance policy and my life insurance premiums inflation-proof? And how exactly are they impacte… Read More
2023-09-28 20:00
In this episode, hosts Tim and Olivia sit down with Jason and Liz Peart, owners of JPE Enterprises. Discover the inspiring journey of how they turned a delivery route into a thriving distrib… Read More
2023-09-25 21:12
I recently had a conversation with a longtime client who had some life insurance set up prior to his retirement. He’s now ready to retire and he called me to discuss his options for hi… Read More
2023-09-18 20:57
We’re often asked how to implement multiple policies using these specially designed life insurance policies designed for cash accumulation. When we talk about being in control of your… Read More
2023-09-11 21:36
Sometimes money concepts could feel complex, especially compound interest versus simple interest, and how they impact your life insurance policies. Interest is a very complex topic, the furt… Read More
2023-09-07 20:59
You hear us talk all the time about using life insurance cash values to finance the things of life. Recently, we had a client who used her life insurance policy values in order to finance a… Read More
2023-08-31 21:09
When setting up a life insurance policy designed for cash accumulation, a question that often comes up is, “Should I have my person own the policy or should I have my business… Read More
2023-08-28 20:25
If you have an investment portfolio, chances are you’ve heard of a 60/40 split. 60% equities with 40% bonds and you’ll be safe. However, do you realize that the 60/40 split recen… Read More
2023-08-24 20:57
Have you ever wondered how people afford sending their children to college? Sometimes the first child is manageable, the second is tight. And by the third or fourth child, it’… Read More
2023-08-23 20:43
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2023-08-17 20:30
Everyone knows that interest rates are finally on the rise. But what you may not realize is what’s going on under the covers. What’s happening to the bond market as thes… Read More
2023-08-14 21:01
The most recent word on the street is that student loan repayments are going to begin again in October of 2023. What does that mean if you’ve been spending that money instead of saving… Read More
2023-08-11 13:17
As a small business owner, you could feel limited in the ways you’re able to attract, retain and reward your key people. Let’s dive into how to use a whole life insuranc… Read More
2023-08-07 20:45
So you’re thinking about getting started with a specially designed whole life insurance policy designed for cash accumulation. Maybe you want to expand your business or protec… Read More
2023-08-03 20:33
When accumulating assets for your future. There are three buckets where you could store your money, so hopefully it grows. Most people don’t realize they can choose whichever… Read More
2023-07-31 21:33
Not all life insurance companies are created equally. Some are better than others, and some are better for specific uses, like implementing the infinite banking concept than others. Let&rsqu&hell…Read More
2023-07-27 20:45
Sometimes you’ll hear that whole life insurance is a bad investment. And let’s just get that off the table now, because life insurance is not an investment. Let’s… Read More
2023-07-24 21:00
In Nelson Nash’s book, Becoming Your Own Banker, he mentions that your goal should be to have your premium deposits equal to your expenses. Does that mean you should be paying your exp… Read More
2023-07-20 21:13
Have you ever consider what impact external elements are going to have on your ability to thrive and retire one day? Let’s talk about the five core elements that have a huge i… Read More
2023-07-17 21:33
Have you ever wondered what the difference is between a regular whole life insurance policy versus a whole life insurance policy designed for cash accumulation? Well, there are a fe… Read More
2023-07-13 20:45
In today’s economic environment, with high interest rates and high inflation, anyone could end up with a credit card balance. But the question is, how do you get out of that d… Read More
2023-07-10 21:00
We often talk about the living benefits associated with cash value life insurance. Wouldn’t the best way to make sure your money goes as far as possible and as as efficient as… Read More
2023-07-06 20:37
When a life insurance contract is issued, a lot of times there isn’t a lot of built in flexibility within the contract. So when people come into windfalls, whether it’s an inheri… Read More
2023-06-29 20:46
As a business owner, you know that cash flow is the lifeblood to any business. If you don’t have cash flowing through your business, it could feel suffocating.
Whoever control… Read More
2023-06-26 20:45
Small businesses are currently facing the twin challenges of high interest rates and high inflation. They’re paying more for loans and raw materials while trying to maintain a good qua… Read More
2023-06-22 20:36
You may have been noticing that banks have been offering relatively high interest rates on short term CDs, and that’s because of the inverted yield curve. But what risks are involved a… Read More
2023-06-19 20:38
Finances are cited as a worry for 87% of us. Inflation is up. Savings are down. And the talk of recession has reared its ugly head again. How do we navigate this new economic enviro… Read More
2023-06-15 20:46
If you haven’t noticed, the world we live in is becoming more and more polarized. There are so many conflicting opinions out there. Are we about to go into a recession or not?… Read More
2023-06-12 21:21
Have you heard that Apple recently launched a new high-yield savings account? This type of account is a great way to earn higher interest on your savings because let’s face i… Read More
2023-06-08 21:04
When you’re a small business owner, your people are key. But how do you keep your key people happy and keep them from going after a better offer from your competitor?
We recen… Read More
2023-06-05 21:59
Americans are quitting their jobs in record numbers, it’s called the Great Resignation. Over the past two and a half years, over 47 million people have voluntarily left the wo… Read More
2023-06-01 20:45
When it comes to funding college tuition for your children, sending one child to college is expensive, sending two is almost manageable, and sending three could be downright impossi… Read More
2023-05-30 21:00
When it comes to planning for the future, there are a lot of factors to consider. How do you know what’s going to happen from day to day? One day you could have it all and the… Read More
2023-05-25 20:30
When it comes to estate planning, a common tool to use is an irrevocable life insurance trust, commonly known as an ILIT. And sometimes you want to transfer a policy from one ILIT to another… Read More
2023-05-22 21:00
Since that whole fiasco with the Silicon Valley Bank, a lot of our clients have been calling us and saying, “Hey, is my money safe with a life insurance company?”
One da… Read More
2023-05-18 21:00
So you’re a business owner, and you have a whole life insurance policy, and you want to leverage the life insurance cash value to make an investment in your business. But what… Read More
2023-05-15 20:57
Do you realize we finance every single purchase we make? We either go to a bank or finance company and pay up interest, or we pay cash and we give up interest. But if you’re p… Read More
2023-05-11 21:00
Cash flow is the lifeblood of any business, and having access to cash is kind of like the lungs. If you’re a business owner, you know this and you know it all too well. When… Read More
2023-05-08 21:41
Are you stuck on the merry-go-round of the debt cycle? You don’t have access to cash and so you’re forced to borrow, and then you go and you earn profits, but all of y… Read More
2023-05-04 20:30
When you’re starting off in business, your goals are certainly different than when you plan on exiting your business. But the question becomes how do you build within your bu… Read More
2023-05-01 21:07
Being in business with your family could get tricky. For example, a recent study showed that two thirds of small business owners plan on passing their business down from one gener… Read More
2023-04-27 21:04
Unless you’ve been living under a rock, it’s clear that inflation is running rampant. In fact, it’s at a 40 year high. Spoiler alert, it’s not Putin’… Read More
2023-04-24 20:45
In America, family businesses and small businesses are the backbone of our economy. 50% of all employees in America work in a small business. But small businesses don’t come… Read More
2023-04-20 21:06
I would argue that the number one source of financial stress comes from not having access to money when you really need it. The perfect example of this comes when you end up in to… Read More
2023-04-17 20:39
When it comes to accessing other people’s money, it’s clear that capital has a cost. For example, when we have a credit card debt, we know that we’re paying a lo… Read More
2023-04-13 21:13
It’s pretty safe to say we all have one goal in common, and that is to eventually retire. Today, it’s harder than ever to save for your retirement. Americans are being… Read More
2023-04-10 21:00
In life, everything has a cost. There are the things that we see, but there are also the things that we don’t see. And unfortunately, the cost of the things we don’t s… Read More
2023-04-06 21:00
Did you know that the number one reason why small family businesses fail is because of lack of planning? Only one third, 34%, of all small businesses have a robust, documented suc… Read More
2023-04-03 21:02
Everybody knows that cash flow is the lifeblood to any business. But many businesses have chronic and cyclical cash flow issues that inhibit their ability to grow. In fact, 80 to… Read More
2023-03-30 20:30
Credit cards could be a great financial tool if used properly. They give you instant access to capital and if you pay them off before the credit card due date, you don’t hav… Read More
2023-03-27 20:56
A lot of people don’t have the time or the motivation to do a deep dive into their finances. And other times people say to us, “Hey guys, I’m not giving up contro… Read More
2023-03-23 21:24
Are you in business with your parents or parent and you’re wondering how you could buy them out when the time comes. That’s a huge issue for the younger generations, l… Read More
2023-03-20 21:17
As a business owner, it’s not uncommon to have a majority of your net worth tied up in your business. How do you retire when all of your assets are tied up in the business?… Read More
2023-03-16 21:06
Capital investments are vital for any business to keep it growing and operating smoothly. But with interest rates on the rise, the cost of financing could feel quite daunting. How… Read More
2023-03-13 21:37
As a young person, the thought of paying life insurance premiums until age 100 or 121 can seem a bit daunting. I mean, who makes commitments for that long, really? But here’… Read More
2023-03-09 22:56
We’ve all heard that you should pay yourself first and save for your future. But not everyone does it. Are you saving for your future? Is it 10% of your income? Is it 15? Is… Read More
2023-03-06 21:30
As business owners, we all know how important it is to have access to cash when you really need it. Are you thinking about taking a policy loan from your life insurance policy to h… Read More
2023-03-02 21:28
What are you doing that’s holding you back financially? When it comes to finances, no one wakes up in the morning and says, “Hey, how could I mess up my financial futu… Read More
2023-02-27 22:00
As a young business owner, it could be simple to fall into the trap of reinvesting all of your profits back into your business to help that business grow and expand and hopefully… Read More
2023-02-23 22:13
In today’s ever changing economic environment, there are a few questions that remain the same. How do you save for your retirement and achieve your financial goals along the… Read More
2023-02-20 22:00
There are so many financial tools available to us between IRAs, 401ks, brokerage accounts, loans, mortgages. The list goes on and on. The question remains, are these tools mov… Read More
2023-02-16 22:00
Are you thinking about taking the leap and expanding your business but feel hesitant in doing so? Well, one reason may be that your cash and your cash flow aren’t working as… Read More
2023-02-13 22:08
Cash and cash flow, the lifeblood to any small business or family. We all have experienced the feeling of being stuck and frustrated for not having access to cash when we really n… Read More
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