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Truth Concepts™
Приєднався 28 тра 2013
Truth Concepts™, developed by Todd Langford, is a suite of desktop calculators that allow financial advisors to analyze the impact of various financial choices. Each calculator is designed with a specific concept in mind, so advisors know exactly what they need to solve a problem. Truth Concepts™ is versatile enough to be used behind the scenes or in front of a client, and is ideal for showing how various actions (such as saving, spending, insuring, investing, borrowing, and taxation) affect a person’s cash flow, net worth, and more.
On this channel, you’ll find tutorials, client conversations, and demos for the Truth Concepts™ suite of calculators.
Get a free trial of Todd's Truth Concepts™ 360 here: truthconcepts.com/free-trial/
On this channel, you’ll find tutorials, client conversations, and demos for the Truth Concepts™ suite of calculators.
Get a free trial of Todd's Truth Concepts™ 360 here: truthconcepts.com/free-trial/
Відео
How much money does it really take to retire?
Переглядів 4315 місяців тому
How much money does it really take to retire?
7 Ways to use your own Death Benefit
Переглядів 2275 місяців тому
7 Ways to use your own Death Benefit
Bryan McCloskey: Truth Concepts Testimonial
Переглядів 1155 місяців тому
Bryan McCloskey: Truth Concepts Testimonial
TC360° in 60 Webinar coming up December 6th!
Переглядів 577 місяців тому
TC360° in 60 Webinar coming up December 6th!
How Much Social Security Should Your Clients Take?
Переглядів 1227 місяців тому
How Much Social Security Should Your Clients Take?
How does inflation impact retirement?
Переглядів 7710 місяців тому
How does inflation impact retirement?
Are there guarantees with Life Insurance?
Переглядів 10110 місяців тому
Are there guarantees with Life Insurance?
How much should the government pay for my retirement?
Переглядів 6610 місяців тому
How much should the government pay for my retirement?
What is the #1 job of a life insurance agency?
Переглядів 10810 місяців тому
What is the #1 job of a life insurance agency?
How is life insurance an "and" asset?
Переглядів 12710 місяців тому
How is life insurance an "and" asset?
Justin Maxwell says that Truth Concepts™ has revolutionized the way to speak about money.
Переглядів 72Рік тому
Justin Maxwell says that Truth Concepts™ has revolutionized the way to speak about money.
Kyle Fuller, a 4 year user of Truth Concepts™, shares his success story.
Переглядів 81Рік тому
Kyle Fuller, a 4 year user of Truth Concepts™, shares his success story.
Jennie Steed's success story with Truth Concepts™ Software and the Asset Flow Master Class.
Переглядів 68Рік тому
Jennie Steed's success story with Truth Concepts™ Software and the Asset Flow Master Class.
Is Whole Life equal to or even better than Bonds PART 2
Переглядів 255Рік тому
Is Whole Life equal to or even better than Bonds PART 2
Is Whole Life equal to or even better than Bonds PART 1
Переглядів 296Рік тому
Is Whole Life equal to or even better than Bonds PART 1
How to #3: Cash Flow Calculator - Human Life Value
Переглядів 129Рік тому
How to #3: Cash Flow Calculator - Human Life Value
What was the point of this?
Well you are just Great at everything
This is a file format converter from jpg to "TC-pdf friendly" using OCR. The "TC-pdf friendly" doc can to be used for cut-past into the "TC calculator" Thanks!
Terrific
Nice calculator. My question would be what happens when you do all of that and increase expenses? From my understanding there's no true return from whole life. The increase in cash value comes from your input. So if thats the case cash value is nothing more than a savings account. Part of that premium goes to the insurance company which is a monthly expense. In that same scenario with a perfectly planned whole life policy that would be used for "infinite " banking what would the expense percentage be? How would it effect the overall cash flow compared to someone who just used multiple free savings accounts to store the money
My favorite genius, I hope everyone stop what they are doing and listen to him. Follow him on social media. Your life will transform!!! I mean it!!
Hello Todd, I enjoy watching your videos and educating my UA-cam viewers on your content. I am a new life agent and I am learning the illustrations by watching your videos and BetterWealth 's also. If you can give me any help in obtaining the software for the illustrations with a tutorial of how to use it that would be great.
What exactly is ‘currence’? Is it simply limiting spending increases to below the rate of inflation?
Currency is an app that deals with cash flow. You may search on google for more info
"PromoSM" ❤️
Financial maths is essentially just physics for money
I don't follow the point of this video? The example shows the hypothetical RE investor halving his income and total gain, but he get's a higher rate of return, and somehow this is still a good thing? Isn't this directly contradicting the second video in this series that makes the case that a higher rate or return on a small portion of our savings isn't what we should focus on? Why would he take a 200% rate of return on the 40K at a cost of 50% his total gain? To further the point: why not also finance the 5K in loan cost? Then the total cost is 0 and you have an infinite ROR....but you'll still have less cash flow and gain throughout...
Not if you have the option to make a better investment. When chasing losses you always have to consider the potential opportunity cost that comes with it.
Why is it that financial planners have never heard of this thing called social security? When we start social security in a couple years we will receive about 70k in today’s dollars. Even though we make over 200k, the 70k alone will cover our expenses.
Very eye opening analysis and makes you realize how fragile a nest-egg approach to retirement planning can be. Focusing on cash flowing assets, collateralization, and leverage are just a few better ways to perpetuate and multiply wealth into retirement, but for someone who isn’t interested in that path, continuing to provide value to others through “semi-retirement” could help solve for some of the gaps in this person’s plan. Great stuff!!
Another brilliant video.
Thank you very much, Jason.
Nice detail!
shouldn't it be better to put 10K per year into the Life Insurance and then gradually increase the contributions by 10%+ every year till you can put at least 90% of the income into the Life Policy and then take a loan against the policy to invest into the Stock market ( mostly dividend paying stocks) shouldn't the numbers be dramatically better? I would like to use these types of calculators but I am not a agent and I don't sell insurance I am just trying to run the numbers to find the best mix to maximize my returns and also set my self and my family to F.I.R.E.
Thanks for your question. We like to live in the house of both: have life insurance for certainty first, then if you’d like to get into equities you can. With the way whole life premiums work, you won’t be able to increase contributions past the PUAs unless you buy additional new policies (which can be a great way to increase savings). Furthermore, to use your cash value, you want to take a policy loan, which still must be paid back. Since stocks don’t provide cash flow like other investments, you’d have to pay the loan back with your own dollars. If you’d like to learn more, we encourage you to check out ProsperityEconomics.org. You can also download a free trial of the Truth Concepts software if you’d like to run numbers yourself. truthconcepts.com/free-trial/
Love it! Amazing foundational asset. I call it the BASF of personal finance. It's not the investment you make, it simply makes your investments better!
Exactly!
Banks never loan from deposits, ever. All bank loans are generated as a deposit liability, which the borrower signs a contract agreeing to pay.
Why did SVB get into trouble because they parked "deposits" into long term instruments? Because banks do not "lend" "deposits." In fact banks, by law, do not take deposits nor do they make loans! Banks are in the business of buying securities. When you go to the bank and sign the loan contract you have created a security, a debt instrument, secured by the collateral put forth in the contract. The bank puts the contract on its ledger as an asset and on the debit side, it will type in the amount owed to you as an accounts payable liability, which they will call a customer deposit! The amount that the bank owes you is typed in out of thin air! Of course the money is cleared at the FED. Only banks can do this because of the banking license. You and I cannot hook into the FED banking system. Banks are not limited in lending by deposits.
So no considerations for taxes or Distributions? What is it that gets you 12% /yr. Over what time frame?
I am always including costs and gains in our calculators. This was just a snippet. Grab the full version at truthconcepts.com/free-trial/
The guarantees in whole life trump any other asset.... Cash value guarantee Death benefit guarantee Living benefits guarantee (with right co) No other financial tool does this! Awesome, Todd!
This is the importance of having a whole life policy with a participating company. You share in the profitability of the company. With an IUL, you are a profit center for the company. HUGE difference
Okay but how do you cut your debt servicing to 18%? That’s a massive jump without an explanation for how to do something like that realistically. Understanding that it’s meant to illustrate the point that spending less by cutting debt costs makes you better off in the long run, you don’t comment on what the solution is. Is the solution to not have debt in the first place? To pay cash for everything up front? Or is it to finance expenses and pay the minimum debt carrying costs (ie interest payments only, or amortize loans over 30 year period (or longer))? I suspect the answer is to finance everything and with the money you’re not spending on paying down the debt (ie just servicing debt interest payments, which is just simple interest) on investments, then you’ll compound on the side while paying a flat line interest fee carrying cost
As a finance and accounting major, I learned this in college. However it is not accurate today. This concept was used before the modern banking system almost 100 years ago.. today is much different with the federal reserve.
Incredible!!
Absolutely beautiful. ..
Great example. Do you have any calculators that compare simple interest to compound interest over time?
Banks don't lend money.definitely not depositors money. Read modern money mechanics. Its in the law.This guy is a dope.
Make a video about it then if youre so confident in your answer. Oh you are simply wrong and a mentally undeveloped? Got it.
If all else equal, is the uninterrupted capital growth the most unique feature of a dividend paying whole life policy?
Car loans do not positively impact capital growth? If you pay above standard interest, which seems to be the IBC practice , the "extra interest " goes toward buying PUAs - basically a 1:1 CV increase, like equity increases in a property with each additional principal payment. The buying cars example continues to be used for some reason to illustrate policy loan mechanics but I don't understand why. Cost vs expense is one of the better descriptions of what's happening. When you assign a positive numerical value to opportunity cost so the calculations can work, it's strange. Why not stick to simple vs compound interest formulas & how TVM principles dictate how future monies are arrived at.
How does this compare to the low interest rates we are at in 2021?
lol .96
Very well demonstrated and easy to understand, thank you.
Thanks for letting us in to your world and projects.
Where can I get that calculator format he is using as I’m not getting how he’s getting those percentage amounts
He doesn`t explain himself in detail. The 66.7% is the difference in the interest rate of 15 less the bank paid to Kim @9% so 1.667 x 9 = 15%