Ken’s Go-To Qualified Plans – Episode 89

Ken’s Go-To Qualified Plans – Episode 89

In today’s episode, Ken Greene revisits some previous concepts to help you understand 529 plans and other strategies for saving for college, retirement, and qualified plans in general that can be useful no matter what stage you are in your life! Stay tuned, and listen to Ken’s insights!


Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode

Book a meeting with Ken

  • If you liked what you’ve heard and would like a one-on-one meeting with the Engineer Of Finance click here


Show Notes

  • Ken’s ideal client  – 2:10
  • Being in the accumulation phase – 2:55
  • Being more dependent – 3:20
  • Required Minimum Distribution (RMD) – 7:00 
  • What is a 529 plan? – 9:14
  • Advantages of 529 plans – 11:44
  • Prepaid tuitions – 13:22
  • The way you really create wealth – 16:47
  • Tax liabilities and real estate – 18:40
  • The value of a 529 plan – 19:12
  • Focus on doing one thing! – 21:41
  • What is the “baby Bankosaurus®” – 24:00
  • If you want to know more about the baby Bankosaurus®, contact Ken – 26:40


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What Makes More Sense For An Investment?

What Makes More Sense For An Investment?

What makes more sense for an investment? Options A, B, or C?

Option A

Tie up your money for two years and make 1.526% in interest.

or 

Option B

Tie up your money for ten years and make 1.476% in interest.

More investors are buying 10-yr US Treasury Notes than 2-yr US Treasury notes. At first glance, it doesn’t make sense. However, when you reflect on basic economics and think about supply and demand, you realize that investors must be buying more 10-yr US Treasury Notes than 2-yr notes which increases the purchase price and the inverse relationship causes the interest rates to go down. Basically, more investors are thinking that the 1.476% is going to be a better yield than what will be available two years from now. This is known as a treasury yield curve inversion. It’s a concern because it typically has been a reliable indicator of an upcoming recession.

I have no idea what the stock market’s going to do. However, if you’re near retirement (< 10 years) and the stock market has been on a great run for the last 10 years – maybe it’s time to move and protect YOUR money. 

Personally, I prefer …

Option C

Moving a substantial portion of my earned and passive income through the Bankosaurus® and away from the stock market to protect my money and then grow it by leveraging some of the money into a 1-yr to 3-yr commitment (energy & real estate notes, syndicated real estate, …) that cash flows every month and pays 7% or greater in annual yield.

If you like to learn more about Option C, please don’t hesitate to call me. I love what I do! Elevating others and helping people make the next step.

Article reference: https://www.cnbc.com/2019/08/27/us-treasurys-investors-monitor-trade-developments.html

 

Tammi Brannan’s Blueprint Process – Episode 88

Tammi Brannan’s Blueprint Process – Episode 88

Ken switches gears on this special episode to put his awesome co-host, Tammi Brannan, in the spotlight. They talk about how they first started working together, the principles of Tammi’s Blueprint Process, and how Ken has benefited from it in his business and his podcast itself!


Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode

Book a meeting with Ken

  • If you liked what you’ve heard and would like a one-on-one meeting with the Engineer Of Finance click here


Show Notes

  • Overcoming his fears and getting better with the podcast – 1:38
  • How the podcast has helped Ken in his practice – 2:54
  • Hiring Tammi and the Blueprint Process – 8:27
  • Tammi takes the lead to explain the importance of purpose— the base of the Blueprint Process – 9:19
  • The ideal client for Tammi – 12:37
  • How Tammi first works with her clients – 15:20
  • Ken’s “laugh test” to find out if a client is a right fit – 17:50
  • Building long-term relationships – 18:29
  • Find your blueprint and build your business around it – 19:11
  • How to find your blueprints: the “battery” method – 27:04
  • How Ken made use of this tactic in his business – 30:35
  • The 3 phases of the Blueprint Process: research, application, and the BHAG (Big Hairy Audacious Goals) – 35:20
  • Tammi’s podcast – 38:00
  • How Tammi’s process allows you to turn your goals into action items – 43:05


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Becoming a Professional Engineer – Episode 87

Becoming a Professional Engineer – Episode 87

In today’s episode, Ken Greene shares his awesome story about what was involved in becoming a professional engineer, and how he uses his engineering mindset in the finance world, so stay tuned and enjoy this episode!

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help others become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode

Book a meeting with Ken

  • If you liked what you’ve heard and would like a one-on-one meeting with the Engineer of Finance click here


Show Notes

  • Having an engineering mindset helps in the finance world – 1:51
  • How does it help having an engineer advising me about my finances? – 2:20
  • Joining the industry in 2008 – 2:36
  • Ken’s background and skills – 4:42
  • The Civil Engineering World – 6:00
  • What to do to become an engineer – 8:00
  • A professional engineer, working with professionals – 8:56
  • Having his license – 10:03
  • Ken’s first podcast ever – 11:43
  • How has engineering come to play? – 13:35
  • Always asking why – 14:56
  • A professional engineer in the industry – 16:17
  • A perfectionist mindset – 19:31
  • All the imperfections are perfect – 20:20
  • The Engineer of Finance Podcast name – 21:54
  • Joey the T-Rex – 22:30
  • We can not predict the future – 24:31
  • Looking at new tools when it comes to retirement – 25:52
  • Hated writing and now has a podcast – 26:44


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How to Fund Your Real Estate? Use The Bankosaurus® – Episode 86

How to Fund Your Real Estate? Use The Bankosaurus® – Episode 86

If you are struggling to know where’s the best place to store your money,  do not hesitate, because Ken Greene has the answer: Use the Bankosaurus®! On this episode, our host explains how it can be a very effective strategy to treat almost like a sinking fund to store cash for your next property. You can do whatever you want if you have a great place to store your money! Stay tuned and listen how!

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and help them earn better yields with less risk by investing Off Wall Street.

 

Links and Resources from this Episode


Book a meeting with Ken

  • If you liked what you’ve heard and would like a one-on-one meeting with the Engineer Of Finance click here

 

Show Notes

  • Talking about the last episodes – 1:35
  • A great place to store cash – 3:18
  • The Bankosaurus® is a very powerful tool – 3:31
  • How often and how to implement the Bankosaurus® – 5:38
  • A very powerful sinking fund – 6:09
  • Taking the cash flow from the Real Estate – 6:50
  • What happens if you have an emergency? – 9:22
  • Some things that you have to consider and be careful with – 10:47
  • Access to cash flow any time you want – 12:11
  • Ken talks about building wealth one house at a time – 13:39
  • Having whole life insurance policies – 15:28
  • Fun ways to store your money – 15:47
  • With the Bankosaurus®, your cash flow can grow! – 17:22
  • Ken will talk about qualified plans for the next episodes – 25:08

 

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If you like what you hear please leave a review by clicking here

Make sure you’re subscribed to the podcast so you get the latest episodes.