Life is Long – The Market with Phillip Ramsey and Bryan Dewhurst

Episode 34:

A solid footing is the best place to be when you decide what your next step should be. That’s our approach to wealth advice. We want to put clients in a position where their financial basics are covered and they have cash on hand to take advantage of opportunities as they arise.

In our most recent episode of the Uncommon Life Project podcast, we take a closer look at how to create a financial safety net that ultimately gives you the ability to take some risks when others may not be able to.

A good financial plan will help you strategically invest in yourself, so your basic needs are covered and then you can make informed decisions about investing in ways that align with who you are.
We think your unique abilities and what God has put you on the earth to do is your long position in the market. That’s what we mean when we say your life is long – the market.

What You Will Learn in this Episode:

  • How to de-risk your risk
  • Why low-cost index funds are not the only game in town
  • How to think of banking as a process rather than a product
  • The benefits of indexed annuities
  • Ways to mitigate risk so you can pursue the life you want
  • What real diversification looks like
  • How to create multiple income streams from one common interest
“I think it's our job is to paint a picture of options available, and how these things fit together so you have less risk and you can pursue the kind of the life that you want.” – Bryan Dewhurst Click To Tweet “There are ways to minimize your risk that can make the thought of starting or running your own business less scary.” – Phillip Ramsey Click To Tweet “Diversification is not a 401(k) and insurance. Real diversification provides cash flow. It provides multiple streams of income to make you less vulnerable to market fluctuation.” – Bryan Dewhurst Click To Tweet “What we would say is everyone should have multiple streams of income, which takes some of the risk out of your portfolio so you can then put money in the market.” – Phillip Ramsey Click To Tweet “To me, the uncommon banking strategy is so powerful because it's guaranteed, it's liquid, it gives you the death benefit to protect your family, it’s tax-deferred, and we can customize the size of it to fit your situation.” – Bryan Dewhurst Click To Tweet “What we like to do is buy these index annuities for capital appreciation and the guarantees. We don't really buy them for income.” – Phillip Ramsey Click To Tweet “If you couple the uncommon banking strategy with indexed annuities, that gives you principle protection underneath a large portion of your money. I think that leaves you a lot better off than just blindly investing in the stock market.” – Bryan… Click To Tweet “What we like to do for clients is to shore up one side of the ledger with guarantees so we know exactly what's going to happen as advisors. That's the best way to plan – with guarantees.” – Phillip Ramsey Click To Tweet “Trying some new thing way outside your wheelhouse is risky. People that stay focused on one thing in one brand and systematize those things and stay within that sweet spot - that's where the real traction is.” – Bryan Dewhurst Click To Tweet